Document:

Collateral Agreement, dated as of October 1, 2009

 Exhibit 4.3 
  
  
  
 COLLATERAL AGREEMENT 
 dated as of 
 October 1, 2009 
 among 
 BLOCKBUSTER INC., 
 THE SUBSIDIARIES OF BLOCKBUSTER INC. 
 IDENTIFIED HEREIN 
 and 
 U.S. BANK NATIONAL ASSOCIATION, 
 as Collateral Agent 
  
  
  

 TABLE OF CONTENTS 
  

					
	 	  	  	  	Page
	ARTICLE I
	
	Definitions
			
	SECTION 1.01.	  	Other Defined Terms	  	1
	SECTION 1.02.	  	Terms Generally	  	8
	
	ARTICLE II
	
	Security Interests in Personal Property
			
	SECTION 2.01.	  	Security Interest	  	8
	SECTION 2.02.	  	Representations and Warranties	  	10
	SECTION 2.03.	  	Covenants	  	11
	SECTION 2.04.	  	Other Actions	  	13
	SECTION 2.05.	  	Covenants Regarding Patent, Trademark and Copyright Collateral	  	15
	
	ARTICLE III
	
	Certain Provisions Regarding Securities Collateral
			
	SECTION 3.01.	  	Delivery of the Pledged Securities	  	17
	SECTION 3.02.	  	Representations, Warranties and Covenants	  	17
	SECTION 3.03.	  	Limited Liability Company and Limited Partnership Interests	  	19
	SECTION 3.04.	  	Registration in Nominee Name; Denominations	  	19
	SECTION 3.05.	  	Voting Rights; Dividends and Interest	  	19
	
	ARTICLE IV
	
	Remedies
			
	SECTION 4.01.	  	Remedies upon Event of Default	  	21
	SECTION 4.02.	  	Application of Proceeds	  	23
	SECTION 4.03.	  	Grant of License to Use Intellectual Property	  	24
	SECTION 4.04.	  	Securities Act	  	24
	SECTION 4.05.	  	Registration	  	25
	
	ARTICLE V
	
	Miscellaneous
			
	SECTION 5.01.	  	Notices	  	25
	SECTION 5.02.	  	Waivers; Amendment	  	25
	SECTION 5.03.	  	Collateral Agent’s Fees and Expenses; Indemnification; Exculpatory Provisions	  	26

  

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	 	  	 	  	Page
	SECTION 5.04.	  	Successors and Assigns	  	26
	SECTION 5.05.	  	Survival of Agreement	  	26
	SECTION 5.06.	  	Counterparts; Effectiveness; Several Agreement	  	27
	SECTION 5.07.	  	Severability	  	27
	SECTION 5.08.	  	Governing Law; Jurisdiction; Consent to Service of Process	  	27
	SECTION 5.09.	  	WAIVER OF JURY TRIAL	  	28
	SECTION 5.10.	  	Headings	  	28
	SECTION 5.11.	  	Security Interest Absolute	  	28
	SECTION 5.12.	  	Termination or Release	  	29
	SECTION 5.13.	  	Additional Subsidiaries	  	29
	SECTION 5.14.	  	Collateral Agent Appointed Attorney-in-Fact	  	29
	SECTION 5.15.	  	Post-Closing Matters	  	30

  

			
	Schedules	  	
		
	Schedule I	  	Subsidiary Guarantors
	Schedule II	  	Pledged Securities
	Schedule III	  	Patents, Trademarks and Copyrights
	Schedule IV	  	Commercial Tort Claims
	Schedule V	  	Mortgaged Property
		
	Exhibits	  	
		
	Exhibit I	  	Form of Supplement
	Exhibit II	  	Form of Copyright Security Agreement
	Exhibit III	  	Form of Patent & Trademark Security Agreement

  

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 COLLATERAL AGREEMENT dated as of October 1, 2009 (this
“Agreement”), among BLOCKBUSTER INC., the Subsidiaries of BLOCKBUSTER INC. identified herein and U.S. BANK NATIONAL ASSOCIATION, as Collateral Agent (the “Collateral Agent”). 
 WHEREAS, the Grantors have entered into that certain Indenture, dated as of October 1, 2009 (as amended, restated, supplemented or
otherwise modified from time to time, the “Indenture”), by and among the Grantors and U.S. Bank National Association, as trustee (together with its successors in such capacity, the “Trustee”), on behalf of the
holders (the “Noteholders”) of the Notes (as defined below) pursuant to which Blockbuster Inc., a Delaware corporation (the “Company”) agreed to issue $675,000,000 aggregate principal amount of its 11.75% Senior
Secured Notes due 2014 (together with any Additional Notes (as defined in the Indenture), the “Notes”), which are guaranteed by each of the other Grantors; 
 WHEREAS, the Trustee has been appointed to serve as Collateral Agent under the Indenture and in such capacity, to enter into this Agreement;

 WHEREAS, each Grantor will receive substantial benefits from the execution, delivery and performance of its obligations under
the Indenture and the Notes and each is, therefore, willing to enter into this Agreement; 
 WHEREAS, the Grantors are executing
and delivering this Agreement pursuant to the terms of the Indenture to induce the Collateral Agent to enter into the Indenture and induce the Noteholders to purchase the Notes; and 
 WHEREAS, this Agreement is made by the Grantors in favor of the Collateral Agent for the benefit of the Secured Parties to secure the
payment and performance in full when due of the Obligations; 
 NOW, THEREFORE, in consideration of the foregoing premises and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Grantor and the Collateral Agent hereby agree as follows: 
 ARTICLE I 
 Definitions 
 SECTION 1.01. Other Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “Account Control Agreement” means an account control agreement, in form reasonably satisfactory to the
Collateral Agent or Sub-Collateral Agent, as applicable, which, in the opinion of the Company, is sufficient to provide the Collateral Agent or Sub-Collateral Agent with (x) in the case of a Deposit Account, “control” over such
Deposit Account within the meaning of Section 9-104 of the UCC and (y) in the case of a Securities Account, “control” over such Securities Account within the meaning of Section 9-106 of the UCC, duly executed and delivered
by (a) the applicable Grantor, (b) the relevant depositary bank or securities intermediary and (c) the Collateral Agent or Sub-Collateral Agent, as applicable. 

 “Account Debtor” means any Person that is or may become
obligated to any Grantor under, with respect to or on account of an Account. 
 “Collateral” has
the meaning set forth in Section 2.01. 
 “Collateral Agent” has the meaning assigned to
such term in the preamble hereto. 
 “Company” has the meaning assigned to such term in the
preamble hereto. 
 “Copyright License” means any written agreement, now or hereafter in effect,
granting any right to any third party under any Copyright now or hereafter owned by any Grantor or that such Grantor otherwise has the right to license, or granting any right to any Grantor under any Copyright now or hereafter owned by any third
party, and all rights of such Grantor under any such agreement. 
 “Copyright Security
Agreement” means any copyright security agreement among the Grantors party thereto and the Collateral Agent, substantially in the form of Exhibit II attached hereto. 
 “Copyrights” means all of the following now owned or hereafter acquired by any Grantor: (a) all
copyright rights in any work subject to the copyright laws of the United States, whether as author, assignee, transferee or otherwise, and (b) all registrations and applications for registration of any such copyright in the United States,
including registrations, recordings, supplemental registrations and pending applications for registration in the United States Copyright Office, including those listed on Schedule III. 
 “Credit Agreement” means the Credit Agreement dated as of August 20, 2004, as amended and restated as
of April 2, 2009 and effective as of May 11, 2009, and as further amended and restated pursuant to the Second Amendment Agreement dated October 1, 2009. 
 “Deposit Accounts” shall mean, collectively, with respect to each Grantor, (i) all “deposit
accounts” as such term is defined in the UCC and all accounts and sub-accounts relating to any of such accounts and (ii) all cash, funds, checks, notes and instruments from time to time on deposit in any of the accounts or sub-accounts
described in clause (i) of this definition. 
 “Domestic Subsidiary” means each Subsidiary
that is not a Foreign Subsidiary. 
 “Equity Interests” means shares of capital stock,
partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person. 
 “Excluded Accounts” shall mean, collectively, (a) zero balance disbursement Deposit Accounts,
(b) Deposit Accounts which solely hold “trust moneys” to be remitted to

  

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governmental authorities, (c) Deposit Accounts and Securities Accounts containing funds deposited solely for self-funded third-party administered employee medical care plans,
(d) Deposit Accounts and Securities Accounts established solely to hold cash collateral subject to a Lien permitted by clauses (2), (5), (7) or (29) of the definition of Permitted Liens, (e) Deposit Accounts exclusively used for
payroll, payroll taxes and other employee wage and benefit payments and (f) other Deposit Accounts for which the average trailing monthly balance in all such accounts covered by this clause (f) is not more than (i) for the period from
the Issue Date to the First Deadline, $25.0 million in the aggregate at any time and (ii) thereafter, $15.0 million in the aggregate at any time; provided that if the bank at which any such Deposit Account not excluded by
(x) subclause (f)(i) has advised the Company prior to First Deadline that such bank has a policy of general applicability against entering into control agreements with respect to Deposit Accounts similar to such Deposit Account, then amounts on
deposit in such Deposit Account shall be excluded from the foregoing calculation until the Second Deadline so long as the Company has notified the Collateral Agent thereof pursuant to an Officers’ Certificate delivered to the Collateral Agent
prior to the First Deadline and thereafter uses commercially reasonably efforts to promptly transition amounts on deposit in such Deposit Account to a Deposit Account subject to an Account Control Agreement to the extent necessary to comply with
Section 2.04(d) or (y) subclause (f)(i) or (f)(ii) terminates an Account Control Agreement following the effectiveness of such Account Control Agreement, then amounts on deposit in such Deposit Account shall be excluded from the foregoing
calculations in such subclauses for so long as the Company has notified the Collateral Agent thereof pursuant to an Officers’ Certificate delivered to the Collateral Agent promptly following such termination and thereafter uses commercially
reasonably efforts to promptly transition such amounts on deposit in such Deposit Account to a Deposit Account subject to an Account Control Agreement to the extent necessary to comply with Section 2.04(d). 
 “Excluded Property” means any of the following assets of the Grantors: 
 (i) any Excluded Equity Interests; 
 (ii) any contract or agreement to which any Grantor is a party or any of its rights or interests thereunder if and to the
extent that the grant of such security interest therein (1) would violate applicable law, (2) result in the breach or invalidation thereof or (3) result in the unenforceability of any right of any Grantor therein or provide any party
thereto with a right of termination or any other remedy that materially increases the costs or burden of any Grantor thereunder with respect thereto (other than to the extent that any such term would be rendered ineffective pursuant to
Sections 9-406, 9-407, 9-408 or 9-409 of the UCC or any other applicable law); in each case, solely to the extent that such condition exists and to the extent severable, excluding from this clause (ii) (x) any portion of such contract
or agreement that does not result in any of the foregoing consequences and (y) any Proceeds of such contract or agreement unless otherwise constituting Excluded Property; 
 (iii) any “intent-to-use” application for registration of a Trademark filed pursuant to Section 1(b) of the
Lanham Act, 15 U.S.C. § 1051, prior to the filing of a “Statement

  

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of Use” pursuant to Section 1(d) of the Lanham Act or an “Amendment to Allege Use” pursuant to Section 1(c) of the Lanham Act with respect thereto, solely to the extent,
if any, that, and solely during the period, if any, in which, the grant of a security interest therein would impair the validity or enforceability of any registration that issues from such intent-to-use application under applicable federal law;

 (iv) any property subject to any Liens pursuant to any of clauses (10), (13) (to the extent such Lien is
a Lien that would have been permitted under clause (10) of the definition of “Permitted Liens” had such Lien been incurred following the Issue Date), (14), (15) or (18) (in the case of clause (18), as it relates to any of
the foregoing) of the definition of “Permitted Liens” to the extent and for so long as the documentation relating to such Liens prohibit such property from being Collateral; 
 (v) any Capital Stock of a Person that is not a Subsidiary of the Company (other than a Permitted Joint Venture) to the
extent and for so long as a pledge of such Capital Stock is prohibited by such Person’s organizational documents or any shareholders agreement or joint venture agreement relating to such Capital Stock; and 
 (vi) any cash collateral securing reimbursement obligations in respect of letters of credit and subject to a Lien permitted
by clause (29) of the definition of Permitted Liens; 
 provided, however, that Excluded Property shall not
include any Proceeds, substitutions or replacements of any Excluded Property referred to above (unless such Proceeds, substitutions or replacements would constitute Excluded Property referred to above). 
 “Excluded Equity Interests” means, collectively, all voting Equity Interests of any Foreign Subsidiary representing more
than 65% of the total issued and outstanding voting Equity Interests in such Foreign Subsidiary. 
 “Federal Securities Laws” has the meaning assigned to such term in Section 4.04. 
 “First Deadline” means the date that is ninety (90) days after the Issue Date. 
 “Foreign Pledge Agreement” means, with respect to the Pledged Equity Interests issued by any Significant Foreign Subsidiary, a pledge agreement, debenture or other Security Document securing the Obligations that is governed
by the jurisdiction of organization of such Significant Foreign Subsidiary, in form reasonably satisfactory to the Collateral Agent, and which, in the opinion of the Company, is sufficient to create an enforceable security interest in favor of the
Collateral Agent for the benefit of the Secured Parties in the Pledged Equity Interests issued by such Significant Foreign Subsidiary under the laws of such jurisdiction. 
 “General Intangibles” means all choses in action and causes of action and all other intangible personal
property of every kind and nature (other than Accounts) now owned or hereafter acquired by any Grantor, including corporate or other business records, indemnification claims, contract rights (including rights under leases, whether entered into as
lessor or lessee, hedging agreements and other agreements), Intellectual

  

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Property, Licenses, goodwill, registrations, franchises, tax refund claims and any letter of credit, guarantee, claim, security interest or other security held by or granted to any Grantor to
secure payment by an Account Debtor of any of the Accounts. 
 “Grantors” means the Company and
the Subsidiary Guarantors. 
 “Indemnitee” has the meaning assigned to such term in
Section 5.03. 
 “Indenture” has the meaning assigned to such term in the preamble hereto.

 “Intellectual Property” means all intellectual and similar property of every kind and nature
now owned or hereafter acquired by any Grantor, including inventions, designs, Patents, Copyrights, Trademarks, trade secrets, domain names, confidential or proprietary technical and business information, know-how, show-how or other data or
information, software and databases and all embodiments or fixations thereof and related documentation and registrations, and all additions, improvements and accessions to, and books and records describing or used in connection with, any of the
foregoing. 
 “License” means any Patent License, Trademark License, Copyright License or other
license or sublicense agreement to which any Grantor is a party. 
 “Mortgage” has the meaning
assigned to such term in Section 5.15 hereto. 
 “Mortgage Policies” has the meaning
assigned to such term in Section 5.15 hereto. 
 “Mortgaged Property” has the meaning
assigned to such term in Section 5.15 hereto. 
 “Noteholders” has the meaning assigned to
such term in the preamble hereto. 
 “Notes” has the meaning assigned to such term in the
preamble hereto. 
 “Notes Documents” means this Agreement, the Indenture, the Notes and the
other Security Documents. 
 “Obligations” means any principal, premium, interest (including any
interest accruing subsequent to the filing of a petition in bankruptcy, reorganization or similar proceeding at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed claim under applicable state,
federal or foreign law), penalties, fees, indemnifications, reimbursements, damages and other liabilities, and guarantees of payment of such principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities,
payable under the Indenture, the Notes (including any Additional Notes) and the Security Documents. 
 “Patent License” means any written agreement, now or hereafter in effect, granting to any third party any right to make, use or sell any invention on which a Patent, now or hereafter owned by any Grantor or that any Grantor
now or hereafter otherwise has the

  

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right to license, is in existence, or granting to any Grantor any right to make, use or sell any invention on which a Patent, now or hereafter owned by any third party, is in existence, and all
rights of any Grantor under any such agreement. 
 “Patent and Trademark Security Agreement”
means any patent and trademark security agreement among the Grantors party thereto and the Collateral Agent, substantially in the form of Exhibit III attached hereto. 
 “Patents” means all of the following now owned or hereafter acquired by any Grantor: (a) all letters
patent of the United States, all issued patents and recordings thereof, and all applications for letters patent of the United States, including issued patents, recordings and pending applications in the United States Patent and Trademark Office,
including those listed on Schedule III, and (b) all reissues, continuations, divisions, continuations-in-part, renewals or extensions thereof, and the inventions disclosed or claimed therein, including the right to make, use and/or sell
the inventions disclosed or claimed therein. 
 “Pledged Debt Securities” means (i) debt
securities with an aggregate outstanding balance in excess of $500,000 owned by any Grantor, including those listed opposite the name of such Grantor on Schedule II, (ii) any debt securities with an aggregate outstanding balance in excess of
$500,000 in the future issued to such Grantor and (iii) the promissory notes and any other instruments evidencing such debt securities; provided, that Pledged Debt Securities shall not include any Excluded Property. 
 “Pledged Equity Interests” means (a)(i) the shares of capital stock and other Equity Interests owned by
any Grantor in the Domestic Subsidiaries and Significant Foreign Subsidiaries, including those listed opposite the name of such Grantor on Schedule II, (ii) any other Equity Interests in Domestic Subsidiaries, Significant Foreign
Subsidiaries and Permitted Joint Ventures obtained in the future by any Grantor and (iii) the certificates, if any, representing all such Equity Interests in the Domestic Subsidiaries and Permitted Joint Ventures and, subject to the
restrictions set forth herein, the Significant Foreign Subsidiaries; provided that the Pledged Equity Interests shall not include any Excluded Property. 
 “Pledged Securities” means any stock certificates, unit certificates, membership certificates, promissory
notes or other securities now or hereafter included in the Securities Collateral, including all certificates, instruments or other documents representing or evidencing any Securities Collateral. 
 “Proceeds” has the meaning specified in Section 9-102 of the UCC. 
 “Related Parties” means, with respect to any specified Person and such Person’s officers, directors,
employees, partners, counsel and agents. 
 “Second Deadline” means the date that is one hundred
fifty (150) days after the Issue Date. 
  

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 “Securities Collateral” means collectively, (a) the
Pledged Equity Interests, (b) the Pledged Debt Securities, (c) subject to Section 3.05, all payments of principal or interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise
distributed in respect of, in exchange for or upon the conversion of, and all other Proceeds received in respect of, the Pledged Equity Interests and the Pledged Debt Securities and (d) subject to Section 3.05, all rights and privileges of
the applicable Grantor with respect to the securities and other property referred to in clauses (a), (b) and (c) above; provided, that Securities Collateral shall not include any Excluded Property. 
 “Secured Parties” means (a) the Collateral Agent, (b) the Trustee, (c) the Noteholders and
(d) the permitted successors and assigns of each of the foregoing. 
 “Security Documents”
means this Agreement, the Foreign Pledge Agreements, the Mortgages, the Account Control Agreements, the Copyright Security Agreements, the Patent and Trademark Security Agreements and each other security agreement or other instrument or document
executed and delivered by any Grantor pursuant to this Agreement or the Notes Documents purporting to grant a security interest in favor of the Collateral Agent. 
 “Security Interest” has the meaning assigned to such term in Section 2.01. 
 “Sub-Collateral Agent” has the meaning assigned to such term in Section 2.04(d)(iii). 
 “Subsidiary Guarantors” means (a) the Subsidiary Guarantors identified on Schedule I and
(b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Guarantor after the Issue Date. 
 “Title Company” has the meaning assigned to such term in Section 5.15 hereto. 
 “Trademark License” means any written agreement, now or hereafter in effect, granting to any third party any right to use any Trademark now or hereafter owned by any Grantor or that any Grantor otherwise has the right to
license, or granting to any Grantor any right to use any Trademark now or hereafter owned by any third party, and all rights of any Grantor under any such agreement. 
 “Trademarks” means all of the following now owned or hereafter acquired by any Grantor: (a) all United
States trademarks, service marks, trade names, corporate names, company names, business names, fictitious business names, trade styles, trade dress, logos, other source or business identifiers, designs and general intangibles of like nature, now
existing or hereafter adopted or acquired, all registrations and recordings thereof, and all registration and recording applications filed in the United States in connection therewith, including registrations and registration applications in the
United States Patent and Trademark Office or any similar offices in any State of the United States, and all extensions or renewals thereof, including those listed on Schedule III, (b) all goodwill associated therewith or symbolized thereby
and (c) all other assets, rights and interests that uniquely reflect or embody such goodwill. 
  

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 “Trustee” has the meaning assigned to such term in the
preamble hereto. 
 “UCC” means the Uniform Commercial Code as from time to time in effect in
the State of New York; provided, however, that, at any time, if by reason of mandatory provisions of law, any or all of the perfection or priority of the Collateral Agent’s security interest in any item or portion of the
Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as in effect, at such time, in such other jurisdiction for
purposes of the provisions hereof relating to such perfection or priority and for purposes of definitions relating to such provisions. 
 SECTION 1.02. Terms Generally. 
 (a) Capitalized terms used in this Agreement and not otherwise defined herein
have the meanings specified in the Indenture. All terms defined in the UCC and not defined in this Agreement or the Indenture have the meanings specified therein; the term “Instrument” shall have the meaning specified in Article 9 of the
UCC. 
 (b) The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever
the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without
limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise, (a) any definition of or reference to any agreement, instrument or other
document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth
herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be
construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and
Schedules to, this Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash,
securities, accounts and contract rights. 
 ARTICLE II 
 Security Interests in Personal Property 
 SECTION
2.01. Security Interest. 
 (a) As security for the payment or performance, as the case may be, in full of the
Obligations, each Grantor hereby grants to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest (the “Security Interest”) in, all right, title and interest in, to or under any
and all of the following assets and properties now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the
“Collateral”): 
 (i) all Accounts; 
  

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 (ii) all Chattel Paper; 
 (iii) all Deposit Accounts; 
 (iv) all Documents; 
 (v) all Equipment and Goods; 
 (vi) all General Intangibles; 
 (vii) all Instruments; 
 (viii) all Inventory; 
 (ix) Commercial Tort Claims described on Schedule IV, as such schedule may be supplemented from time to time pursuant to
Section 2.04(c); 
 (x) all Investment Property; 
 (xi) all Letter-of-Credit rights; 
 (xii) all Securities Collateral; 
 (xiii) all books and records pertaining to the Collateral; and 
 (xiv) to the extent not otherwise included, Supporting Obligations and 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 in no
event shall the Security Interest attach to any property of any Grantor constituting Excluded Property for so long as such property constitutes Excluded Property. 
 (b) Each Grantor hereby agrees to file in any relevant jurisdiction any initial financing statements (including fixture filings) with respect to the Collateral or any part thereof and amendments thereto
that are required to perfect the Security Interest of the Collateral Agent to the extent that the filing of financing statements under the UCC is effective to perfect such Security Interest and to make such amendments and continuations to such
filings and supplemental filings as may be required to ensure the perfection of the Security Interest of the Collateral Agent in the Collateral to the extent such Security Interest may be perfected by the filing of financing statement under the UCC.
Each Grantor agrees to provide such information and copies of such filings to the Collateral Agent promptly upon request. 
 Each Grantor hereby also agrees to file with the United States Patent and Trademark Office or United States Copyright Office (or any successor office) such documents as may be necessary for the purpose of perfecting the Security Interest
(to the extent that the filing of such documents with such offices is effective to perfect such Security Interest) granted by each Grantor in any Intellectual Property issued by or registered or applied for with each such office, and naming such
Grantor as a debtor and the Collateral Agent as secured party. 
  

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 (c) The Security Interest is granted as security only and shall not subject the Collateral
Agent or any other Secured Party to, or in any way alter or modify, any obligation or liability of any Grantor with respect to or arising out of the Collateral. 
 (d) Notwithstanding the foregoing, no Grantor shall be required to take any action, other than the filing of financing statements and other actions otherwise specifically required to be taken hereunder,
to grant or perfect the Security Interest in (i) any assets located outside the United States, (ii) any leasehold or other non-fee simple interest in any real property and (iii) any motor vehicle, aircraft or other asset subject to
certificate of title. 
 SECTION 2.02. Representations and Warranties. Each Grantor represents and warrants to the
Collateral Agent and the Secured Parties that: 
 (a) Such Grantor has good and valid rights in and title to the
Collateral with respect to which it has purported to grant a Security Interest hereunder and has full power and authority to grant to the Collateral Agent the Security Interest in such Collateral pursuant hereto and to execute, deliver and perform
its obligations in accordance with the terms of this Agreement, without the consent or approval of any holder of its Equity Interests or any governmental entity other than any consent or approval that has been obtained. 
 (b) (i) The Perfection Certificate delivered in connection with this Agreement has been duly executed and the
information set forth therein, including the exact legal name of each Grantor, is true and correct in all material respects as of the Issue Date. 
 (ii) The Uniform Commercial Code financing statements (including fixture filings, as applicable) or other appropriate filings, recordings or registrations prepared by the Grantors for filing in the
proper governmental, municipal or other office in the relevant jurisdiction for each Grantor based on the information provided in such Perfection Certificate (or specified in the supplement to this Agreement delivered to the Collateral Agent
pursuant to Section 5.13 of this Agreement in the case of filings, recordings or registrations to be made after the Issue Date), are all the filings, recordings and registrations that are necessary to establish a legal, valid and perfected
security interest in favor of the Collateral Agent (for the benefit of the Secured Parties) in respect of all Collateral in which a security interest may be perfected by filing, recording or registration of financing statements under the UCC, and no
other filings, recordings or registrations are necessary in any such jurisdiction to preserve or perfect such security interest, except as provided under applicable law with respect to the filing of continuation statements. 
 (iii) Fully executed Copyright Security Agreements and Patent and Trademark Security Agreements containing a description of
all Collateral consisting of United States Patents and United States registered Trademarks (and Trademarks for which United States applications for registration (excluding “intent-to-use” Trademark applications as described in the
definition of Excluded Property) are pending) and United States registered

  

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Copyrights are all that must be delivered for recording to the United States Patent and Trademark Office and the United States Copyright Office, as applicable, within the three-month period
(commencing on the date hereof) pursuant to 35 U.S.C. § 261, 15 U.S.C. § 1060 or the one-month period (commencing on the date hereof) 17 U.S.C. § 205 to establish a legal, valid and
perfected security interest in favor of the Collateral Agent (for the benefit of the Secured Parties) in respect of all Collateral consisting of Patents, Trademarks and Copyrights in which a security interest may be perfected by recording in the
United States Patent and Trademark Office or United States Copyright Office, and no further or subsequent recording is necessary (other than such actions as are necessary to perfect the Security Interest with respect to any Collateral consisting of
Patents, Trademarks and Copyrights (or registration or application for registration thereof) acquired or developed after the date hereof). 
 (c) The Security Interest constitutes (i) a legal and valid security interest in all the Collateral securing the payment and performance of the Obligations, (ii) subject to the filings described
in paragraph (b)(ii) of this Section (including payment of any applicable fees in connection therewith), a perfected security interest in all Collateral in which a security interest may be perfected by filing, recording or registering a financing
statement pursuant to the Uniform Commercial Code and (iii) subject to the recording of the this Agreement or the agreements described in paragraph (b)(iii) of this Section (including payment of any applicable fees in connection therewith), a
perfected security interest in all Collateral in which a security interest may be perfected upon the recording of such fully executed agreements with the United States Patent and Trademark Office and the United States Copyright Office, as
applicable, within the three-month period (commencing on the date hereof) pursuant to 35 U.S.C. § 261 or 15 U.S.C. § 1060 or the one-month period (commencing on the date hereof) pursuant to 17 U.S.C.
§ 205. 
 SECTION 2.03. Covenants. 
 (a) Each Grantor agrees to maintain, at its own cost and expense, such complete and accurate records with respect to the Collateral owned by
it as is consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged, but in any event to include complete accounting
records indicating all payments and proceeds received with respect to any part of the Collateral, and, at such time or times as the Collateral Agent may reasonably request (it being understood that the Collateral Agent shall have no duty to make any
such request), promptly to prepare and deliver to the Collateral Agent a duly certified schedule or schedules in form and detail satisfactory to the Collateral Agent showing the type and amount of any and all Collateral. 
 (b) Each Grantor shall, at its own expense, take any and all commercially reasonable actions to defend title to the Collateral against all
Persons and to defend the Security Interest of the Collateral Agent in the Collateral and the priority thereof against any Lien other than Permitted Liens. 
 (c) Each Grantor agrees, at its own expense, to execute, acknowledge, deliver and cause to be duly filed all such further instruments and documents and take all such actions as

  

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the Collateral Agent may from time to time reasonably request (it being understood that the Collateral Agent shall have no duty to make any such request) to assure, preserve, protect and perfect
the Security Interest (to the extent perfection can be obtained) and the rights and remedies created hereby, including the payment of any fees and taxes required in connection with the execution and delivery of this Agreement, the granting of the
Security Interest and the filing of any financing statements (including fixture filings) or other documents in connection herewith or therewith. 
 (d) At its option (it being understood that the Collateral Agent shall be under no duty to take any action pursuant to this clause (d)), the Collateral Agent may discharge past due taxes, assessments,
charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the Collateral and not permitted pursuant to the Indenture, and may pay for the maintenance and preservation of the Collateral, to the extent any Grantor
fails to do so as required by the Indenture or this Agreement, and each Grantor jointly and severally agrees to reimburse the Collateral Agent within 10 days after written demand for any payment made or any expense incurred by the Collateral Agent
pursuant to the foregoing authorization; provided that nothing in this paragraph shall be interpreted as excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any other Secured Party to cure or
perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, Liens, security interests or other encumbrances and maintenance as set forth herein or in the Notes Documents. 
 (e) If at any time any Grantor shall take a security interest in any property valued in excess of $1,000,000 of an Account Debtor or any
other Person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of
the security interest against creditors of and transferees from the Account Debtor or other Person granting the security interest. 
 (f) Each Grantor shall remain liable to observe and perform all the conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the Collateral, all in accordance with the terms and
conditions thereof. 
 (g) None of the Grantors shall make or permit to be made an assignment of the Collateral or shall grant
any other Lien in respect of the Collateral, except as permitted under the Indenture. Except as otherwise provided by this clause (g), none of the Grantors shall make or permit to be made any transfer of the Collateral, except to the extent
permitted under the Indenture. 
 (h) The Grantors, at their own expense, shall maintain or cause to be maintained insurance
covering physical loss or damage to their assets with financially sound and reputable insurance companies which are not Affiliates of any of the Grantors, in such amounts, with such deductibles and covering such risks as are customarily carried by
companies engaged in similar businesses and owning similar properties and other assets in localities where the Grantors operate. From time to time upon request (it being understood that the Collateral Agent shall be under no obligation to make any
such request), the Grantors shall deliver to the Collateral Agent certificates or other evidence of the effectiveness of such insurance policies and the endorsements

  

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described in this clause (h). The Grantors shall use commercially reasonable efforts to cause each such policy with respect to the Collateral to include endorsements (i) showing the
Collateral Agent as loss payee, mortgagee or additional insured, as appropriate and (ii) requiring 30 days’ prior written notice to the Collateral Agent in the event of cancellation of the policy for any reason whatsoever. Each Grantor
irrevocably makes, constitutes and appoints the Collateral Agent (and all officers, employees or agents designated by the Collateral Agent) as such Grantor’s true and lawful agent (and attorney-in-fact) for the purpose, during the continuance
of an Event of Default, of making, settling and adjusting claims in respect of Collateral under policies of insurance, endorsing the name of such Grantor on any check, draft, instrument or other item of payment for the proceeds of such policies of
insurance and for making all determinations and decisions with respect thereto. In the event that any Grantor at any time or times shall fail to obtain or maintain any of the policies of insurance required hereby or to pay any premium in whole or
part relating thereto, the Collateral Agent may, without waiving or releasing any obligation or liability of the Grantors hereunder or any Event of Default, in its sole discretion, after three days’ written notice to such Grantor, obtain
and maintain such policies of insurance and pay such premium and take any other actions with respect thereto as the Collateral Agent deems advisable. All sums disbursed by the Collateral Agent in connection with this paragraph, including reasonable
attorneys’ fees, court costs, expenses and other charges relating thereto, shall be payable, upon demand, by the Grantors to the Collateral Agent and shall be additional Obligations secured hereby. 
 (i) Each Grantor shall maintain, in form and manner reasonably satisfactory to the Collateral Agent, records of its Chattel Paper and its
books, records and documents evidencing or pertaining thereto. 
 SECTION 2.04. Other Actions. In order to further ensure
the attachment, perfection and priority of, and the ability of the Collateral Agent to enforce, the Security Interest, each Grantor agrees, in each case at such Grantor’s own expense, to take the following actions with respect to the following
Collateral: 
 (a) Instruments. Except to the extent otherwise provided in Article III, if any Grantor
shall at any time hold or acquire any Instruments comprising part of the Collateral (other than (i) Pledged Securities, (ii) any Instrument representing or evidencing Equity Interests of Foreign Subsidiaries and (ii) any other
Instrument made by any payor with an outstanding balance equal to or less than $100,000 until such time as the aggregate outstanding balance of all such Instruments made by such payor or any of its Affiliates that are owed to any Grantor exceeds
$500,000), such Grantor shall promptly (and in any event within thirty (30) days after such Grantor obtains actual possession of such Instruments) deliver the same to the Collateral Agent, accompanied by a duly endorsed, undated instrument of
transfer in blank. 
 (b) Investment Property. Except to the extent otherwise provided in
Article III, if any Grantor shall at any time hold or acquire any certificated securities comprising part of the Collateral (other than (i) Pledged Securities and (ii) securities representing or evidencing Equity Interests of Foreign
Subsidiaries), such Grantor shall promptly (and in any event within thirty (30) days after such Grantor obtains actual possession of such securities) deliver the same to the Collateral Agent, accompanied by such undated instruments of transfer
or assignment duly executed in blank. 
  

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 (c) Commercial Tort Claims. Each Grantor shall promptly notify the
Collateral Agent in writing if such Grantor has filed a complaint or a counterclaim in respect of a Commercial Tort Claim seeking damages of $1,000,000 or more, and such writing shall be signed by such Grantor and shall include a summary description
of such claim. Schedule IV shall be deemed to be supplemented to include the reference to such Commercial Tort Claim (and the description thereof), in the same form as such reference and description are set forth in such writing. 
 (d) Deposit Accounts and Securities Accounts. 
 (i) No later than the First Deadline, the Grantors shall cause each Deposit Account that is not an Excluded Account as of the
First Deadline (applying the threshold set forth in subclause (f)(i) of the definition of “Excluded Account”) to be subject to an Account Control Agreement. No later than the Second Deadline, the Grantors shall cause each additional
Deposit Account that is not an Excluded Account as of the Second Deadline (applying the threshold set forth in subclause (f)(ii) of the definition of “Excluded Account”) to be subject to an Account Control Agreement. Thereafter, each
Grantor shall cause each Deposit Account (other than any Excluded Account) to at all times be subject to an Account Control Agreement. 
 (ii) The Grantors will use commercially reasonable efforts to cause each Securities Account (other than any Excluded Account) with an average trailing monthly balance in excess of $5.0 million to be
subject to an Account Control Agreement. 
 (iii) At any time, with respect to any Deposit Account or Securities
Account that is not subject to an Account Control Agreement, the Grantors may, following consultation with the Collateral Agent, appoint a sub-collateral agent which shall be a bank or trust company with a combined capital and surplus of at least
$50.0 million (“Sub-Collateral Agent”) pursuant to a separate agreement among the Grantors and such Sub-Collateral Agent for the purposes of entering into such Account Control Agreement as agent on behalf of the Secured Parties;
provided, that each Sub-Collateral Agent shall enter into a supplement to this Agreement with the applicable Grantor that grants a security interest in the Collateral subject to such Account Control Agreement to such Sub-Collateral Agent for
the benefit of the Secured Parties. The Company and each Holder of a Note (by its acceptance thereof) hereby agrees that each Sub-Collateral Agent shall be entitled to all indemnitees and limitations on liabilities provided under this Agreement and
the Indenture with respect to any matters relating in any way to any Account Control Agreement (and related Deposit Account or Securities Account) entered into by such Sub-Collateral Agent pursuant hereto. A Sub-Collateral Agent may not foreclose
on, or withdraw funds from, a Deposit Account or Securities Account that is subject to an Account Control Agreement without the consent of the Collateral Agent. If any Sub-Collateral Agent shall withdraw any money from a Deposit Account or
Securities Account that is subject to an Account Control Agreement to which the Sub-Collateral Agent is a party, then such Sub-Collateral Agent shall forthwith first, apply such money to the

  

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payment of all costs and expenses incurred by the Sub-Collateral Agent in connection with such Account Control Agreement, including all court costs and the fees and expenses of its agents and
legal counsel and any other reasonable out-of-pocket costs or expenses incurred in connection with the exercise of any right or remedy under such Account Control Agreement and second, deliver the remainder of such money to the Collateral
Agent for application in accordance with Section 4.02 hereof. 
 (iv) The Collateral Agent agrees with each
Grantor that the Collateral Agent shall not give any instructions directing the disposition of funds or Securities Entitlement from time to time credited to any Deposit Account or Securities Account or withhold any withdrawal rights from such
Grantor with respect to funds from time to time credited to any Deposit Account or Securities Account unless an Event of Default has occurred and is continuing. Each Grantor agrees that once the Collateral Agent sends an instruction or notice to a
bank or securities intermediary exercising its control over any Deposit Account or Securities Account subject to an Account Control Agreement such Grantor shall not give any instructions or orders with respect to such Deposit Account or Securities
Account including, without limitation, instructions for distribution or transfer of any funds or Securities Entitlement in such Deposit Account or Securities Account. Regardless of whether an Event of Default has occurred and is continuing, neither
the Collateral Agent nor any Sub-Collateral Agent shall be under any obligation to provide any “notice of sole control” or similar notice with respect to any Deposit Account or Securities Account that is subject to an Account Control
Agreement if the Collateral Agent or such Sub-Collateral Agent reasonably determines that it would face potential liability for which it would not have indemnity, security or prefunding satisfactory to it in its sole discretion against all losses
and expenses that could be caused by taking such action. 
 (e) If any Grantor shall, following the Issue Date,
acquire fee simple title to any real property located in the United States with a fair market value as of the date of acquisition of at least $1,000,000, then, unless such real property is subject to a Lien permitted by any of clauses (13), (14),
(15) or, to the extent relating to any of the foregoing, (18) of the definition of Permitted Liens, such Grantor shall within 90 days following the date of acquisition thereof deliver a Mortgage in favor of the Collateral Agent to secure
the Obligations and use commercially reasonable efforts to deliver other items consistent with those delivered pursuant to Section 5.15 with respect to such real property. 
 SECTION 2.05. Covenants Regarding Patent, Trademark and Copyright Collateral. 
 (a) Each Grantor agrees that it will not knowingly do any act or knowingly omit to do any act (and will take steps it deems appropriate in
the exercise of its reasonable business discretion to prevent its licensees from doing any act or omitting to do any act) whereby any Patent that is material to the conduct of such Grantor’s business may become invalidated or dedicated to the
public, and agrees that it shall continue to mark any products covered by a Patent that is material to the conduct of such Grantor’s business with the relevant patent number as necessary and sufficient to establish and preserve its maximum
rights under applicable patent laws. 
  

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 (b) Each Grantor (either itself or through its licensees or its sublicensees) will take
steps it deems appropriate in the exercise of its reasonable business discretion, for each Trademark material to the conduct of such Grantor’s business, to (i) maintain such Trademark in full force, free from any claim of abandonment or
invalidity for non-use, (ii) maintain the quality of products and services offered under such Trademark, (iii) display such Trademark with notice of Federal or foreign registration to the extent necessary and sufficient to establish and
preserve its maximum rights under applicable law and (iv) not knowingly use or knowingly permit the use of such Trademark in violation of any third party rights. 
 (c) Each Grantor (either itself or through its licensees or sublicensees) will take steps it deems appropriate in the exercise of its reasonable business discretion, for each work covered by a Copyright
material to the conduct of such Grantor’s business, to continue to publish, reproduce, display, adopt and distribute the work with appropriate copyright notice as necessary and sufficient to establish and preserve its maximum rights under
applicable copyright laws. 
 (d) If any Grantor, either itself or through any agent, employee, licensee or designee, files an
application for any Patent or an application for the registration for any Trademark (excluding “intent-to-use” Trademark applications as described in the definition of Excluded Property) or Copyright with the United States Patent and
Trademark Office, United States Copyright Office or any office or agency in any political subdivision of the United States, it shall promptly inform the Collateral Agent, and execute and deliver a supplement to the Patent Security Agreement,
Trademark Security Agreement or Copyright Security Agreement, as applicable, no later than the 45th day following the last day of the Company’s fiscal quarter during which such property was acquired to evidence the Collateral Agent’s
security interest in such Patent, Trademark or Copyright, and file such supplement with the United States Patent and Trademark Office or United States Copyright Office, as applicable. 
 (e) Each Grantor will take steps it deems appropriate in the exercise of its reasonable business discretion that are consistent with the
practice in any proceeding before the United States Patent and Trademark Office, United States Copyright Office or any office or agency in any political subdivision of the United States, to maintain and pursue each material application relating to
the Patents, Trademarks and/or Copyrights (and to obtain the relevant grant or registration) and to maintain each issued Patent and each registration of the Trademarks and Copyrights that is material to the conduct of any Grantor’s business,
including timely filings of applications for renewal, affidavits of use, affidavits of incontestability and payment of maintenance fees, and, if determined as appropriate in the exercise of its reasonable business discretion, to initiate opposition,
interference and cancellation proceedings against third parties. 
 (f) In the event that any Grantor initiates, or engages
counsel in connection with, litigation or arbitration regarding any Collateral consisting of a Patent, Trademark or Copyright material to the conduct of any Grantor’s business during the continuance of an Event of Default, such Grantor shall
promptly notify the Collateral Agent. Each Grantor shall, if determined as appropriate in the exercise of its reasonable business discretion, promptly sue for infringement, misappropriation or dilution and to recover any and all damages for such
infringement, misappropriation or dilution, and take such other actions as are reasonably appropriate under the circumstances to protect such Collateral. 
  

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 (g) Upon and during the continuance of an Event of Default, each Grantor shall use its
commercially reasonable efforts to obtain all requisite consents or approvals by the licensor of each Copyright License, Patent License or Trademark License to effect the assignment of all such Grantor’s right, title and interest thereunder to
the Collateral Agent or its designee; provided, that such Grantor shall not be required to pay any additional consideration for such consents or approvals. 
 ARTICLE III 
 Certain Provisions Regarding Securities Collateral 

SECTION 3.01. Delivery of the Pledged Securities. 
 (a) Each Grantor agrees promptly, and in any event within thirty (30) days after such Grantor obtains actual possession thereof, to deliver or cause to be delivered to the Collateral Agent any and
all Pledged Securities. 
 (b) Each Grantor will use commercially reasonable efforts to cause any Indebtedness for borrowed
money in excess of $500,000 owed to such Grantor by any Person to be evidenced by a duly executed promissory note that is pledged and delivered to the Collateral Agent pursuant to the terms hereof. 
 (c) Upon delivery to the Collateral Agent, (i) any Pledged Securities shall be accompanied by undated stock powers duly executed in
blank or other appropriate instruments of transfer duly executed in blank, if applicable and (ii) all other property comprising part of the Securities Collateral delivered pursuant to the terms of this Agreement shall be accompanied by undated
proper instruments of assignment duly executed in blank by the applicable Grantor. 
 (d) Each Grantor agrees that if it shall
at any time acquire any Pledged Equity Interests of a Significant Foreign Subsidiary that is a “significant subsidiary” (as defined in Rule 1-02(w) of Regulation S-X under the Securities Act), such Grantor shall enter into a Foreign Pledge
Agreement in favor of the Collateral Agent with respect to such Pledged Equity Interests. Notwithstanding anything in this Agreement to the contrary, in addition to the filing of financing statements under the UCC with respect to each Grantor, the
only actions required to be taken by any Grantor to perfect in the Pledged Equity Interests issued by any Significant Foreign Subsidiary which have been pledged pursuant to any Foreign Pledge Agreement shall be as set forth in such Foreign Pledge
Agreement. 
 SECTION 3.02. Representations, Warranties and Covenants. Each Grantor represents, warrants and covenants to
and with the Collateral Agent, for the benefit of the Secured Parties, that: 
 (a) as of the Issue Date,
Schedule II sets forth a true and complete list, with respect to such Grantor, of (i) all of the Equity Interests in any Subsidiary or Permitted Joint Venture owned by such Grantor constituting Pledged Equity Interests on the Issue Date
and the percentage of the issued and outstanding units of each class of such Equity Interests in each such Subsidiary owned by such Grantor on the Issue Date and (ii) all Pledged Debt Securities owned by such Grantor on the Issue Date;

  

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 (b) the Pledged Equity Interests and Pledged Debt Securities have been duly
and validly authorized and issued by the issuers thereof and (i) in the case of Pledged Equity Interests, are fully paid and nonassessable and (ii) in the case of Pledged Debt Securities, are legal, valid and binding obligations of the
issuers thereof, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered
in a proceeding in equity or at law; provided that the foregoing representations, insofar as they relate to the Pledged Debt Securities issued by a Person other than a Grantor, are made to the knowledge of such Grantor; 
 (c) except for the security interests granted hereunder and under any Foreign Pledge Agreements, such Grantor (i) is
and, subject to any consolidations, dissolutions, mergers, winding-up or other transfers or dispositions permitted by the Indenture, will continue to be the direct owner, beneficially and of record, of the Pledged Securities indicated on Schedule II
as owned by such Grantor, (ii) holds such Pledged Securities free and clear of all Liens, other than Liens permitted under the Indenture and transfers granted or made (as applicable) that are not prohibited under the Indenture, (iii) will
make no assignment, pledge, hypothecation or transfer of, or create or permit to exist any security interest in or other Lien on, the Securities Collateral, other than Liens permitted under the Indenture and transfers granted or made (as applicable)
that are not prohibited under the Indenture, and (iv) will defend its title or interest thereto or therein against any and all Liens, other than any Lien permitted under the Indenture, however arising, of all Persons whomsoever; 
 (d) except for restrictions and limitations imposed by the Indenture or securities laws generally, the organizational
documents of the Person the Equity Interests of which are part of the Securities Collateral, applicable law, or as otherwise permitted under the Indenture, the Securities Collateral is and will continue to be freely transferable and assignable, none
of the Pledged Equity Interests is or will be subject to any option, right of first refusal, shareholders agreement, or charter, by-law, or other organizational document provisions of any nature, and none of the Securities Collateral is or will be
subject to any contractual restriction of any nature, in each case, that might prohibit, impair, delay or otherwise affect the pledge of such Securities Collateral hereunder, the sale or disposition thereof pursuant hereto or the exercise by the
Collateral Agent of rights and remedies hereunder; 
 (e) each of the Grantors has the corporate or other
applicable organizational power and authority to pledge the Securities Collateral pledged by it hereunder in the manner hereby done or contemplated; 
 (f) no consent or approval of any Governmental Authority, any securities exchange or any other Person was or is necessary to the validity of the pledge effected by such Grantor hereunder (other than such
as have been obtained and are in full force and effect); 
 (g) upon the execution and delivery by the Grantors
of this Agreement, when any Pledged Securities are delivered to the Collateral Agent in accordance with this

  

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Agreement, the Collateral Agent will obtain a legal, valid and perfected first-priority security interest (subject to Liens permitted under the Indenture) in such Pledged Securities to the extent
that such security interest may be perfected by the Collateral Agent’s possession of such Pledged Securities under the UCC; and 
 (h) within thirty (30) days after the Issue Date, the Company shall deliver shall deliver duly endorsed stock certificates representing the Pledged Equity Interests in Blockbuster de México,
S.A. de C.V. to the Collateral Agent 
 SECTION 3.03. Limited Liability Company and Limited Partnership Interests.

 (a) Each Grantor acknowledges and agrees that (i) each interest in any limited liability company or limited partnership
controlled by such Grantor and pledged hereunder that is represented by a certificate shall be a “security” within the meaning of Article 8 of the UCC and shall be governed by Article 8 of the UCC and (ii) each such interest shall at
all times hereafter be represented only by a certificate. 
 (b) Each Grantor further acknowledges and agrees that (i) the
interests in any limited liability company or limited partnership controlled by such Grantor and pledged hereunder that are not represented by a certificate are not “securities” within the meaning of Article 8 of the UCC and (ii) such
Grantor shall at no time elect to treat any such interest as a “security” within the meaning of Article 8 of the UCC or issue any certificate representing such interest, unless such Grantor provides prior written notification to the
Collateral Agent of such election and promptly delivers any such certificate to the Collateral Agent pursuant to the terms hereof. 
 SECTION 3.04. Registration in Nominee Name; Denominations. After the occurrence and during the continuance of an Event of Default (a) the Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and
absolute discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the applicable Grantor, endorsed or assigned in blank or in favor of the Collateral Agent,
(b) each Grantor will promptly give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such Grantor, and (c) the Collateral Agent, on behalf of
the Secured Parties, shall have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement. 
 SECTION 3.05. Voting Rights; Dividends and Interest. 
 (a) Unless and until an Event of Default shall have occurred and be continuing and the Collateral Agent shall have notified the Grantors that their rights under this Section 3.05 are being suspended:

 (i) each Grantor shall be entitled to exercise any and all voting and/or other consensual rights and powers
inuring to an owner of Pledged Securities or any part thereof for any purpose consistent with the terms of this Agreement and the Indenture; provided that after the occurrence of an Event of Default and during its continuance, such rights and
powers shall not be exercised in any manner that could reasonably be expected to materially and adversely affect the rights inuring to a holder of any Pledged Securities or the rights and remedies of any of the Collateral Agent under this Agreement
or the Indenture; 
  

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 (ii) the Collateral Agent shall execute and deliver to each Grantor, or
cause to be executed and delivered to such Grantor, all such proxies, powers of attorney and other instruments as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and/or consensual rights and powers
it is entitled to exercise pursuant to subparagraph (i) above; and 
 (iii) each Grantor shall be entitled
to receive and retain any and all dividends, interest, principal and other distributions paid on or distributed in respect of the Pledged Securities to the extent and only to the extent that such dividends, interest principal and other distributions
are permitted by, and otherwise paid or distributed in accordance with, the terms and conditions of the Indenture and applicable laws. 
 (b) Upon the occurrence and during the continuance of an Event of Default, after the Collateral Agent shall have notified the Grantors of the suspension of their rights under paragraph (a)(iii) of this Section 3.05, then all
rights of any Grantor to dividends, interest, principal or other distributions that a Grantor is authorized to receive pursuant to paragraph (a)(iii) of this Section 3.05 shall be suspended, and all such rights shall thereupon become
vested in the Collateral Agent, which shall have the sole and exclusive right and authority to receive and retain such dividends, interest, principal or other distributions. All dividends, interest, principal or other distributions received by any
Grantor contrary to the provisions of this Section 3.05 shall be held in trust for the benefit of the Collateral Agent, shall be segregated from other property or funds of such Grantor and shall be promptly, and in any event within two
(2) days, delivered to the Collateral Agent following delivery of the notification referred to above in the same form as so received (with any necessary endorsement, stock powers or other instrument of transfer). Any and all money and other
property paid over to or received by the Collateral Agent pursuant to the provisions of this paragraph (b) shall be retained by the Collateral Agent in an account to be established by the Collateral Agent upon receipt of such money or other
property and shall be applied in accordance with the provisions of Section 4.02. After all Events of Default have been cured or waived and the Company has delivered to the Collateral Agent a certificate to that effect, the Collateral Agent
shall revoke its notification of suspension of rights delivered pursuant to this paragraph (b) of this Section 3.05 and shall promptly repay to each Grantor (without interest) all dividends, interest, principal or other distributions
actually received by the Collateral Agent, that such Grantor would otherwise be permitted to retain pursuant to the terms of paragraph (a)(iii) of this Section 3.05 and that remain in such account. 
 (c) Upon the occurrence and during the continuance of an Event of Default, after the Collateral Agent shall have notified the Grantors of
the suspension of their rights under paragraph (a)(i) of this Section 3.05, then all rights of any Grantor to exercise the voting and consensual rights and powers it is entitled to exercise pursuant to paragraph (a)(i) of this
Section 3.05, and the obligations of the Collateral Agent under paragraph (a)(ii) of this Section 3.05, shall cease, and all such rights shall thereupon become vested in the Collateral Agent, which shall have the sole and exclusive
right and authority to exercise such voting and consensual rights and powers; provided that the Collateral Agent shall have the right from time to time following and during the continuance of an Event of Default to permit the Grantors to
exercise such

  

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rights. After all Events of Default have been cured or waived and the Company has delivered to the Collateral Agent a certificate to that effect, the Collateral Agent shall revoke its
notification of suspension of voting rights delivered pursuant to paragraph (c) of this Section 3.05. 
 (d) Any
notice given by the Collateral Agent to the Grantors suspending their rights under paragraph (a) of this Section 3.05 (i) may be given by telephone if promptly confirmed in writing pursuant to the terms of the Indenture, (ii) may
be given to one or more of the Grantors at the same or different times and (iii) may suspend the rights of the Grantors under paragraph (a)(i) or paragraph (a)(iii) in part without suspending all such rights (as specified by the
Collateral Agent in its sole and absolute discretion) and without waiving or otherwise affecting the Collateral Agent’s rights to give additional notices from time to time suspending other rights so long as an Event of Default has occurred and
is continuing. 
 (e) ULC Subsidiaries. Notwithstanding the grant of the Security Interest, any Grantor that controls any
interest (for the purposes of this Section 3.05, “ULC Interests”) in any unlimited liability company (for the purposes of this Section 3.05, “ULC”) pledged hereunder shall remain registered as the sole
registered and beneficial owner of such ULC Interests and will remain as the registered and beneficial owner until such time as such ULC Interests are effectively transferred into the name of the Collateral Agent or any other person on the books and
records of such ULC. Nothing in this Agreement is intended to or shall constitute the Collateral Agent or any Person as shareholder or member of any ULC until such time as notice is given to such ULC and further steps are taken thereunder so as to
register the Collateral Agent or such other Person as the holder of the ULC Interests of such ULC. To the extent any provision hereof would have the effect of constituting the Collateral Agent or any other Person as shareholder or member of a ULC
prior to such time, such provision shall be severed herefrom and ineffective with respect to the ULC Interests of such ULC without otherwise invalidating or rendering unenforceable this Agreement or invalidating or rendering unenforceable such
provision insofar as it relates to Collateral which are not ULC Interests. Except upon the exercise of rights to sell or otherwise dispose of ULC Interests in accordance with the terms of this Agreement, no Grantor shall cause or permit or enable
any ULC in which it holds ULC Interests to cause or permit the Collateral Agent to be: (a) registered as a shareholder or a member of such ULC, (b) have any notation entered in its favor in the share register of such ULC, (c) be held
out as shareholder or member of such ULC, (d) receive directly or indirectly any dividends, property or other distributions from such ULC by reason of the Collateral Agent holding a security interest in such ULC, (e) act as a shareholder
or member of such ULC or (f) exercise any rights of a shareholder or member of such ULC, including the right to attend meeting of, or to vote the shares of, such ULC. 
 ARTICLE IV 
 Remedies 
 SECTION 4.01. Remedies upon Event of Default. Upon the occurrence and during the continuance of an Event of Default, each Grantor
agrees to deliver each item of Collateral to the Collateral Agent on demand, and it is agreed that the Collateral Agent shall have the right to take any of or all the following actions at the same or different times: (a) with respect to any
Collateral consisting of Intellectual Property, on demand, to cause the Security Interest to become

  

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an assignment, transfer and conveyance of any of or all such Collateral by the applicable Grantors to the Collateral Agent, or to license or sublicense, whether general, special or otherwise, and
whether on an exclusive or nonexclusive basis, any such Collateral throughout the world on such terms and conditions and in such manner as the Collateral Agent shall determine (other than in violation of any then-existing licensing arrangements to
the extent that waivers cannot be obtained), and (b) with or without legal process and with or without prior notice or demand for performance, to take possession of the Collateral and without liability for trespass to enter any premises where
the Collateral may be located for the purpose of taking possession of or removing the Collateral and, generally, to exercise any and all rights afforded to a secured party under the Uniform Commercial Code or other applicable law. Without limiting
the generality of the foregoing, each Grantor agrees that the Collateral Agent shall have the right, subject to the mandatory requirements of applicable law, to sell or otherwise dispose of all or any part of the Collateral at a public or private
sale or at any broker’s board or on any securities exchange, for cash, upon credit or for future delivery as the Collateral Agent shall deem appropriate. The Collateral Agent shall be authorized at any such sale of securities (if it deems it
advisable to do so) to restrict the prospective bidders or purchasers to Persons who will represent and agree that they are purchasing the Collateral for their own account for investment and not with a view to the distribution or sale thereof, and
upon consummation of any such sale the Collateral Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any sale of Collateral shall hold the property sold
absolutely, free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by law) all rights of redemption, stay and appraisal which such Grantor now has or may at any time in the future have under
any rule of law or statute now existing or hereafter enacted. 
 The Collateral Agent shall give the applicable Grantors
10 days’ written notice (which each Grantor agrees is reasonable notice within the meaning of Section 9-611 of the UCC) of the Collateral Agent’s intention to make any sale of Collateral. Such notice, in the case of a public
sale, shall state the time and place for such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to be made and the day on which the Collateral, or portion
thereof, will first be offered for sale at such board or exchange. Any such public sale shall be held at such time or times within ordinary business hours and at such place or places as the Collateral Agent may fix and state in the notice (if any)
of such sale. At any such sale, the Collateral, or portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels, as the Collateral Agent may (in its sole and absolute discretion) determine. The Collateral Agent shall not
be obligated to make any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such Collateral shall have been given. The Collateral Agent may, without notice or publication, adjourn any public or
private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned. In case any sale of
all or any part of the Collateral is made on credit or for future delivery, the Collateral so sold may be retained by the Collateral Agent until the sale price is paid by the purchaser or purchasers thereof, but the Collateral Agent shall not incur
any liability in case any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in case of any such failure, such Collateral may be sold again upon like notice. At any public (or, to the extent permitted by law,
private) sale made pursuant to this Agreement, any Secured Party may bid for or purchase, free (to the extent permitted

  

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by law) from any right of redemption, stay, valuation or appraisal on the part of any Grantor (all such rights being also hereby waived and released to the extent permitted by law), the
Collateral or any part thereof offered for sale and may make payment on account thereof by using any claim then due and payable to such Secured Party from any Grantor as a credit against the purchase price, and such Secured Party may, upon
compliance with the terms of sale, hold, retain and dispose of such property without further accountability to any Grantor therefor. For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be treated as a
sale thereof; the Collateral Agent shall be free to carry out such sale pursuant to such agreement and no Grantor shall be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the
Collateral Agent shall have entered into such an agreement all Events of Default shall have been remedied and the Obligations paid in full. As an alternative to exercising the power of sale herein conferred upon it, the Collateral Agent may proceed
by a suit or suits at law or in equity to foreclose this Agreement and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a court-appointed
receiver. Any sale pursuant to the provisions of this Section 4.01 shall be deemed to conform to the commercially reasonable standards as provided in Section 9-610(b) of the UCC. 
 SECTION 4.02. Application of Proceeds. The Collateral Agent shall apply the proceeds of any collection or sale of Collateral or
Mortgaged Property, including any Collateral consisting of cash, as follows: 
 FIRST, to the payment of all
costs and expenses incurred by the Collateral Agent and the Trustee in connection with such collection or sale or otherwise in connection with this Agreement, any other Notes Document or any of the Obligations, including all court costs and the fees
and expenses of its agents and legal counsel, the repayment of all advances made by the Collateral Agent hereunder or under any other Notes Document on behalf of any Grantor and any other reasonable out-of-pocket costs or expenses incurred in
connection with the exercise of any right or remedy hereunder or under any other Notes Document; 
 SECOND, to
the payment in full of the other Obligations in accordance with the Indenture; and 
 THIRD, to the Grantors,
their successors or assigns, or as a court of competent jurisdiction may otherwise direct. 
 The Collateral Agent shall have absolute
discretion as to the time of application of any such proceeds, moneys or balances in accordance with this Agreement and any other Security Documents. Upon any sale of Collateral or Mortgaged Property by the Collateral Agent (including pursuant to a
power of sale granted by statute or under a judicial proceeding), the receipt of the Collateral Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral or Mortgaged Property so sold
and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Collateral Agent or such officer or be answerable in any way for the misapplication thereof. 
  

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 SECTION 4.03. Grant of License to Use Intellectual Property. For the sole purpose of
enabling the Collateral Agent to exercise rights and remedies under this Agreement upon the occurrence and during the continuance of an Event of Default, each Grantor hereby grants to the Collateral Agent a nonexclusive license (exercisable without
payment of royalty or other compensation to the Grantors) to use, license or sublicense (subject to, in all cases, the rights of all existing and future licensees and sublicensees under any Licenses) any of the Collateral consisting of Intellectual
Property (with respect to Trademarks, subject to reasonable quality control in favor of such Grantor) now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license reasonable access to all media
in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof. The use of such license by the Collateral Agent may be exercised, at the option of the Collateral
Agent, upon the occurrence and during the continuation of an Event of Default; provided that any license, sublicense or other transaction entered into by the Collateral Agent in accordance herewith shall be binding upon the Grantors
notwithstanding any subsequent cure of an Event of Default. 
 SECTION 4.04. Securities Act. In view of the position of
the Grantors in relation to the Securities Collateral, or because of other current or future circumstances, a question may arise under the Securities Act of 1933, as now or hereafter in effect, or any similar statute hereafter enacted analogous in
purpose or effect (such Act and any such similar statute as from time to time in effect being called the “Federal Securities Laws”) with respect to any disposition of the Securities Collateral permitted hereunder. Each Grantor
understands that compliance with the Federal Securities Laws might very strictly limit the course of conduct of the Collateral Agent if the Collateral Agent were to attempt to dispose of all or any part of the Securities Collateral, and might also
limit the extent to which or the manner in which any subsequent transferee of any Securities Collateral could dispose of the same. Similarly, there may be other legal restrictions or limitations affecting the Collateral Agent in any attempt to
dispose of all or part of the Securities Collateral under applicable Blue Sky or other state securities laws or similar laws analogous in purpose or effect. Each Grantor recognizes that in light of such restrictions and limitations the Collateral
Agent may, with respect to any sale of the Securities Collateral, limit the purchasers to those who will agree, among other things, to acquire such Securities Collateral for their own account, for investment, and not with a view to the distribution
or resale thereof. Each Grantor acknowledges and agrees that in light of such restrictions and limitations, the Collateral Agent, in its sole and absolute discretion (a) may proceed to make such a sale whether or not a registration statement
for the purpose of registering such Securities Collateral or part thereof shall have been filed under the Federal Securities Laws and (b) may approach and negotiate with a single potential purchaser to effect such sale. Each Grantor
acknowledges and agrees that any such sale might result in prices and other terms less favorable to the seller than if such sale were a public sale without such restrictions. In the event of any such sale, the Collateral Agent shall incur no
responsibility or liability for selling all or any part of the Securities Collateral at a price that the Collateral Agent, in its sole and absolute discretion, may in good faith deem reasonable under the circumstances, notwithstanding the
possibility that a substantially higher price might have been realized if the sale were deferred until after registration as aforesaid or if more than a single purchaser were approached. The provisions of this Section 4.04 will apply
notwithstanding the existence of a public or private market upon which the quotations or sales prices may exceed substantially the price at which the Collateral Agent sells. 
  

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 SECTION 4.05. Registration. Each Grantor agrees that, upon the occurrence and during
the continuance of an Event of Default, if for any reason the Collateral Agent desires to sell any of the Securities Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Collateral Agent, use
commercially reasonable efforts to take or to cause the issuer of such Securities Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Collateral
Agent to permit the public sale of such Securities Collateral; provided that no Grantor shall be required to exercise such efforts to keep any registration statement relating to any Securities Collateral in effect for more than one
(1) year from the date of the first public offering of such Securities Collateral or the portion thereof offered to be sold. Each Grantor further agrees, upon such written request referred to above, to use commercially reasonable efforts to
qualify, file or register, or cause the issuer of such Collateral to qualify, file or register, any of the Collateral under the Blue Sky or other securities laws of such states as may be requested by the Collateral Agent and keep effective, or cause
to be kept effective, all such qualifications, filings or registrations. Each Grantor will bear all costs and expenses of carrying out its obligations under this Section 4.05. Each Grantor acknowledges that there is no adequate remedy at law
for failure by it to comply with the provisions of this Section 4.05 and that such failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this Section 4.05 may be specifically
enforced. 
 ARTICLE V 
 Miscellaneous 
 SECTION 5.01. Notices. All notices, approvals,
requests, demands and other communications hereunder shall (except as otherwise permitted herein) be given in the manner specified in the Indenture. 
 SECTION 5.02. Waivers; Amendment. 
 (a) No failure or delay by the
Collateral Agent or any Secured Party in exercising any right or power hereunder or under any other Notes Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or
discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Collateral Agent and the Secured Parties hereunder and under the
other Notes Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Grantor therefrom shall in any event be effective
unless the same shall be permitted by paragraph (b) of this Section 5.02, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on any Grantor in any case
shall entitle any Grantor to any other or further notice or demand in similar or other circumstances. 
 (b) Neither this
Agreement nor any provision hereof may be waived, amended or otherwise modified except pursuant to supplements to Schedule IV contemplated herein and an agreement or agreements in writing entered into by the Collateral Agent as permitted by the
Indenture. 
  

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 SECTION 5.03. Collateral Agent’s Fees and Expenses; Indemnification; Exculpatory
Provisions. 
 (a) The parties hereto agree that the Collateral Agent shall be entitled to reimbursement of its reasonable
expenses incurred hereunder all reasonable out-of-pocket expenses incurred hereunder including (i) the reasonable fees, charges and disbursements of counsel, in connection with the preparation and administration of the Notes Documents or any
amendments, modifications or waivers of the provisions thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) and (ii) all reasonable out-of-pocket expenses incurred by the Collateral Agent, including the
reasonable fees, charges and disbursements of any counsel for the Collateral Agent, in connection with the enforcement or protection of its rights in connection with the Notes Documents, including its rights under this Section 5.03, or in
connection with the Notes, including all such reasonable out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Notes. Without limitation of its indemnification obligations under the other Notes
Documents but subject to Section 7.1 of the Indenture, each Grantor jointly and severally agrees to indemnify the Collateral Agent, the Trustee and each Related Party of any of the foregoing Persons (each such Person being called an
“Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, damages, liabilities and related expenses, including reasonable attorneys’ fees and expenses, incurred by or asserted against any Indemnitee
arising out of, in connection with, or as a result of, the execution, delivery or performance of this Agreement or any claim, litigation, investigation or proceeding relating to any of the foregoing or to the Collateral or Mortgaged Property,
whether based on contract, tort or any other theory; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, damages, liabilities or related expenses are incurred through their own willful
misconduct or gross negligence, subject to the exceptions provided in Section 7.1(c) of the Indenture. 
 (b) Any such
amounts payable as provided hereunder shall be additional Obligations secured hereby and by the other Security Documents. The provisions of this Section 5.03 shall remain operative and in full force and effect regardless of the termination of
this Agreement or any other Notes Document, the consummation of the transactions contemplated hereby, the repayment of any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Notes Document,
or any investigation made by or on behalf of the Collateral Agent or any other Secured Party. All amounts due under this Section 5.03 shall be payable not later than 10 days after written demand therefor. 
 (c) The Collateral Agent shall have all the rights, benefits, privileges and indemnities conferred upon it in the Indenture. 
 SECTION 5.04. Successors and Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be
deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any Grantor or the Collateral Agent that are contained in this Agreement shall bind and inure to the benefit of their
respective permitted successors and permitted assigns. 
 SECTION 5.05. Survival of Agreement. All covenants, agreements,
representations and warranties made by the Grantors in the Notes Documents and in the certificates or 
  

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other instruments prepared or delivered in connection with or pursuant to this Agreement or any other Notes Document shall be considered to have been relied upon by the Secured Parties and shall
survive the execution and delivery of the Notes Documents and the issuance of the Notes, regardless of any investigation made by or on behalf of any Secured Party and notwithstanding that the Collateral Agent or any Secured Party may have had notice
or knowledge of any Default or incorrect representation or warranty at the Issue Date, and shall continue in full force and effect as long as the Notes or any accrued interest on any Note or any fee or any other amount payable under any Notes
Document is outstanding and unpaid. 
 SECTION 5.06. Counterparts; Effectiveness; Several Agreement. This Agreement may
be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to
this Agreement by facsimile or other electronic transmission means shall be as effective as delivery of a manually signed counterpart of this Agreement. This Agreement shall become effective as to any Grantor when a counterpart hereof executed on
behalf of such Grantor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent. No Grantor shall have the right to assign or transfer its rights or obligations hereunder
or any interest herein (and any such assignment or transfer shall be void) except as permitted by this Agreement or the Indenture. This Agreement shall be construed as a separate agreement with respect to each Grantor and may be amended, modified,
supplemented, waived or released with respect to any Grantor without the approval of any other Grantor and without affecting the obligations of any other Grantor hereunder. 
 SECTION 5.07. Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in
a particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of
which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 5.08. Governing Law;
Jurisdiction; Consent to Service of Process. 
 (a) This Agreement shall be construed in accordance with and governed by the
laws of the State of New York. 
 (b) Each of the Grantors hereby irrevocably and unconditionally submits, for itself and its
property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action
or proceeding arising out of or relating to this Agreement or any other Notes Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any
such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive
and may

  

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be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Notes Document shall affect any right that the Collateral
Agent or any Secured Party may otherwise have to bring any action or proceeding relating to this Agreement or any other Notes Document against any Grantor, or its properties in the courts of any jurisdiction. 
 (c) Each of the Grantors hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any
objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Notes Document in any court referred to in paragraph (b) of this Section 5.08.
Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 
 (d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 5.01. Nothing
in this Agreement or any other Notes Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 
 SECTION 5.09. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR
INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER NOTES DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE,
AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN
INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 5.09. 
 SECTION 5.10. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into
consideration in interpreting, this Agreement. 
 SECTION 5.11. Security Interest Absolute. All rights of the Collateral
Agent hereunder, the Security Interest and all obligations of each Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Indenture, any other Notes Document, any agreement with
respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment
or waiver of or any consent to any departure from the Indenture, any other Notes Document or any other agreement or instrument relating to the Indenture, (c) any exchange, release or non-perfection of any Lien on other collateral, or any
release or amendment or waiver of or consent under or departure from any guarantee, securing or guaranteeing all or any of the Obligations, or 
  

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(d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Grantor in respect of the Obligations or this Agreement other than payment in full
of the Obligations or as otherwise provided in the Indenture. 
 SECTION 5.12. Termination or Release. 
 (a) This Agreement, the Security Interest, and all other security interests granted hereby and under any other Security Document shall
terminate in full under the circumstances of (x) a discharge as set forth in Section 8.1(a) of the Indenture, (y) a legal defeasance under the Indenture pursuant to the “legal defeasance option” (as defined in
Section 8.1(b) of the Indenture) or (z) a covenant defeasance under the Indenture pursuant to the “covenant defeasance option” (as defined in Section 8.1(b) of the Indenture). 
 (b) With respect to any Subsidiary Guarantor, this Agreement, the Security Interest, and all other security interests granted hereby and
under any other Security Document by such Subsidiary Guarantor shall terminate in full under the circumstances set forth in Section 10.2(b) of the Indenture. 
 (c) All or a portion of the Security Interest and all other security interests granted hereby and by any other Notes Document and the guarantees made herein and therein shall also terminate and be
released at the time or times and in the manner set forth in Section 11.3 of the Indenture. 
 (d) In connection with any
termination or release pursuant to paragraph (a), (b) or (c), the Collateral Agent shall promptly execute and deliver to any Grantor, at such Grantor’s expense, all documents that such Grantor shall reasonably request to evidence such
termination or release. Any execution and delivery of documents pursuant to this Section 5.12 shall be without recourse to or warranty by the Collateral Agent. 
 SECTION 5.13. Additional Subsidiaries. Pursuant to Section 3.14 of the Indenture, each Subsidiary Guarantor that was not in existence or not a Subsidiary Guarantor on the Issue Date is
required to enter into this Agreement as a Grantor upon becoming a Subsidiary Guarantor. Upon execution and delivery by the Collateral Agent and a Subsidiary Guarantor of an instrument in the form of Exhibit I hereto, such Subsidiary Guarantor
shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor hereunder. The rights and obligations of
each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement. 
 SECTION 5.14. Collateral Agent Appointed Attorney-in-Fact. Each Grantor hereby appoints the Collateral Agent the attorney-in-fact of such Grantor for the purpose of carrying out the provisions of
this Agreement or any of the Security Documents and taking any action and executing any instrument that the Collateral Agent may deem necessary or advisable to accomplish the purposes hereof, which appointment is irrevocable and coupled with an
interest. Without limiting the generality of the foregoing, the Collateral Agent shall have the right, upon the occurrence and during the continuance of an Event of Default, with full power of substitution either in the Collateral Agent’s name
or in the name of such Grantor (a) to receive, endorse, assign 
  

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and/or deliver any and all notes, acceptances, checks, drafts, money orders or other evidences of payment relating to the Collateral or Mortgaged Property or any part thereof; (b) to demand,
collect, receive payment of, give receipt for and give discharges and releases of all or any of the Collateral or Mortgaged Property; (c) to sign the name of any Grantor on any invoice or bill of lading relating to any of the Collateral or
Mortgaged Property, (d) to send verifications of accounts receivable to any Account Debtor; (e) to commence and prosecute any and all suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect or
otherwise realize on all or any of the Collateral or Mortgaged Property or to enforce any rights in respect of any Collateral or Mortgaged Property; (f) to settle, compromise, compound, adjust or defend any actions, suits or proceedings
relating to all or any of the Collateral or Mortgaged Property; to notify, or to require any Grantor to notify, Account Debtors to make payment directly to the Collateral Agent; and (g) to use, sell, assign, transfer, pledge, make any agreement
with respect to or otherwise deal with all or any of the Collateral or Mortgaged Property, and to do all other acts and things necessary to carry out the purposes of this Agreement or any of the Security Documents, as fully and completely as though
the Collateral Agent were the absolute owner of the Collateral or Mortgaged Property for all purposes; provided that nothing herein contained shall be construed as requiring or obligating the Collateral Agent to make any commitment or to make
any inquiry as to the nature or sufficiency of any payment received by the Collateral Agent, or to present or file any claim or notice, or to take any action with respect to the Collateral or Mortgaged Property or any part thereof or the moneys due
or to become due in respect thereof or any property covered thereby. The Collateral Agent and the other Secured Parties shall be accountable only for amounts actually received as a result of the exercise of the powers granted to them herein, and
neither they nor their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own negligence, bad faith or willful misconduct, subject to the exceptions set forth in
Section 7.1(c) of the Indenture. 
 SECTION 5.15. Post-Closing Matters. Within ninety (90) days after the Issue
Date, the Company shall (i) cause (in the case of clauses (a) through (d) and clauses (f) through (h) below) and (ii) have used commercially reasonable efforts to cause (in the case of clause (e) below) the
Collateral Agent to have received each of the following documents, which shall be in form reasonably satisfactory to the Collateral Agent, to the extent still applicable at the end of such period (it being understood that such documents will be
substantially similar to those delivered under the Credit Agreement): 
 (a) Insurance. Policies or
certificates of insurance as required by the Indenture and each Security Document and Mortgage, which policies or certificates shall bear endorsements of the character required by Section 2.03(i) of this Agreement. 
 (b) Real Property Collateral Documents. A mortgage, deed of trust or deed to secure debt, and an assignment of leases
and rents, security agreement and fixture filing (each a “Mortgage”) from the owner or holder of each fee in the real property listed on Schedule V attached to this Agreement (each a “Mortgaged Property”)
encumbering each Mortgaged Property in favor of the Collateral Agent for its benefit and the benefit of the Secured Parties executed by the Company or the appropriate Guarantor(s). 
  

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 (c) Collateral and Certain Corporate Matters Opinions.
Opinions, addressed to the Collateral Agent and the Trustee, of local counsel in each of the jurisdictions where Mortgaged Property is located and each Mortgagor entity is organized, covering customary matters (it being understood that such opinions
will be substantially similar to those opinions of counsel delivered in connection with the applicable mortgage delivered pursuant to the Credit Agreement for the respective Mortgaged Property). 
 (d) Mortgages. Fully executed counterparts of Mortgages which Mortgages shall cover the Mortgaged Property,
together with evidence that counterparts of all the Mortgages have been delivered to the Title Company (as defined below) for recording in all places to the extent necessary to effectively create a valid and enforceable first priority mortgage lien
on each Mortgaged Property in favor of the Collateral Agent for its benefit and the benefit of the Secured Parties, securing the Obligations (provided that in jurisdictions that impose mortgage recording taxes, such Mortgages shall not secure
indebtedness in an amount exceeding the fair market value of such Mortgaged Property), subject to Permitted Encumbrances (as defined in each Mortgage). 
 (e) Title Insurance and Certain Other Matters with respect to Mortgaged Property. With respect to each Mortgage encumbering any Mortgaged Property, (i) a policy of title insurance (or
commitment to issue such a policy having the effect of a policy of title insurance) insuring (or committing to insure) the lien of such Mortgage as a valid and enforceable first priority mortgage lien on the Mortgaged Property described therein, in
an amount equal to the fair market value allocated to such Mortgaged Property in connection with the applicable mortgage delivered pursuant to the Credit Agreement for the respective Mortgaged Property (such policies collectively, the
“Mortgage Policies”) issued by Chicago Title Insurance Company (the “Title Company”), which reasonably assures the Collateral Agent that the Mortgages on such Mortgaged Properties are valid and enforceable mortgage
liens on the respective Mortgaged Properties, free and clear of all defects and encumbrances except Permitted Encumbrances (it being understood that such Mortgage Policies shall be substantially similar to the title insurance policies delivered in
connection with the closing of the Credit Agreement and shall include, as appropriate, to the extent available at commercially reasonable rates, endorsements that are substantially similar to those provided in connection with prior Mortgage Policies
delivered in connection with the closing of the Credit Agreement) and (ii) any consents, approvals, amendments, supplements, estoppels, tenant subordination agreements or other instruments as necessary to consummate the transaction. 

(f) Fixture Filings. To the extent local counsel in any jurisdiction in which Mortgaged Property is located will
not opine that the Mortgage will be effective as a financing statement filed as a fixture filing, proper fixture filings under the Uniform Commercial Code on Form UCC-1 for filing under the Uniform Commercial Code in the appropriate jurisdiction in
which the Mortgaged Properties are located, desirable to perfect the security interests purported to be created by the Mortgages in favor of the Collateral Agent for its benefit and the benefit of the Secured Parties. 
 (g) Mortgaged Property Indemnification. With respect to each Mortgaged Property, such affidavits, certificates,
information (including financial data) and instruments

  

 -31- 

 
of indemnification (including a so-called “gap” indemnification) as shall be reasonably required to induce the Title Company to issue the Mortgage Policy/ies and endorsements
contemplated above. 
 (h) Collateral Fees and Expenses. Evidence reasonably acceptable to the Collateral
Agent of payment by the Company of all search and examination charges, escrow charges and related charges, mortgage recording taxes, fees, charges, costs and expenses required for the recording of the Mortgages and fixture filings referred to above.

  

 -32- 

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

			
	BLOCKBUSTER INC.,
		
	By	 	 
	Name:	 	
	Title:	 	
	
	BLOCKBUSTER CANADA INC.
	BLOCKBUSTER DIGITAL TECHNOLOGIES INC.
	BLOCKBUSTER DISTRIBUTION, INC.
	BLOCKBUSTER GIFT CARD, INC.
	BLOCKBUSTER GLOBAL SERVICES INC.
	 BLOCKBUSTER INTERNATIONAL SPAIN INC.
 BLOCKBUSTER INVESTMENTS LLC

	BLOCKBUSTER VIDEO ITALY, INC.
	MOVIELINK, LLC
	 TRADING ZONE INC.,
 as Subsidiary Guarantors

		
	By:	 	 
	Name:	 	
	Title:	 	
	
	 BLOCKBUSTER PROCUREMENT LP,
 as Subsidiary Guarantor

		
	By:	 	Blockbuster Distribution, Inc.,
	its General Partner
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	 U.S. BANK NATIONAL ASSOCIATION,
 as Trustee and Collateral Agent

		
	By	 	 
	Name:	 	
	Title:	 	

  

 -33- 

 EXHIBIT I 
 SUPPLEMENT NO.      dated as of
                    , to the Collateral Agreement dated as of October 1, 2009 (as amended, supplemented or otherwise modified from time
to time, the “Collateral Agreement”), among Blockbuster Inc., a Delaware corporation (the “Company”), each subsidiary of the Company from time to time party thereto (each such subsidiary individually a
“Grantor” and collectively with the Company, the “Grantors”) and U.S. Bank National Association, a [            ] (“U.S. Bank”), as
Collateral Agent (in such capacity, the “Collateral Agent”). 
 A. Reference is made to the Indenture dated as
of October 1, 2009 (as amended, supplemented or otherwise modified from time to time, the “Indenture”), among the Company, the Subsidiary Guarantors and, U.S. Bank, as Trustee. 
 B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Indenture and the
Collateral Agreement referred to therein. 
 C. The Grantors have entered into the Collateral Agreement in order to induce the
Collateral Agent to enter into the Indenture and induce the Noteholders to purchase the Notes. Section 5.13 of the Collateral Agreement provides that additional Subsidiary Guarantors of the Company may become Grantors under the Collateral
Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New Subsidiary”) is executing this Supplement in accordance with the requirements of the Indenture to become a
Grantor under the Collateral Agreement as consideration for the Notes previously issued. 
 Accordingly, the Collateral Agent
and the New Subsidiary agree as follows: 
 SECTION 1. In accordance with Section 5.13 of the Collateral Agreement, the New
Subsidiary by its signature below becomes a Grantor under the Collateral Agreement with the same force and effect as if originally named therein as a Grantor, and the New Subsidiary hereby (a) agrees to all the terms and provisions of the
Collateral Agreement applicable to it, if any, as a Grantor thereunder and (b) represents and warrants that the representations and warranties applicable to such Grantor made by it as a Grantor thereunder are true and correct on and as of the
date hereof. In furtherance of the foregoing, the New Subsidiary, as security for the payment in full of the Obligations (as defined in the Collateral Agreement), does hereby grant to the Collateral Agent, its successors and assigns, for the benefit
of the Secured Parties a security interest in all of the New Subsidiary’s right, title and interest in, to or under the Collateral now owned or at any time hereafter acquired by the New Subsidiary. Each reference to a “Grantor” (if
applicable) in the Collateral Agreement shall be deemed to include the New Subsidiary. The Collateral Agreement is hereby incorporated herein by reference. 
 SECTION 2. The New Subsidiary represents and warrants to the Collateral Agent and the other Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its
legal, valid and binding obligation, enforceable against it in accordance with its terms. 

 SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto
on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Collateral Agent shall have received a counterpart of
this Supplement that bears the signature of the New Subsidiary and the Collateral Agent has executed a counterpart hereof. Delivery of an executed signature page to this Supplement by facsimile or other electronic transmission means shall be as
effective as delivery of a manually signed counterpart of this Supplement. 
 SECTION 4. The New Subsidiary hereby represents
and warrants that as of the date hereof (a) set forth on Schedule I attached hereto is a true and correct schedule of all Equity Interests in any Subsidiary owned by the New Subsidiary and (b) set forth under its signature hereto is
the true and correct legal name of the New Subsidiary, its jurisdiction of organization, the identifying number, if any, assigned to it by such jurisdiction, and the location of its chief executive office. 
 SECTION 5. Except as expressly supplemented hereby, the Collateral Agreement and the Indenture shall remain in full force and effect.

 SECTION 6. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK. 
 SECTION 7. In case any one or more of the provisions contained in this Supplement should be held invalid,
illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Collateral Agreement shall not in any way be affected or impaired thereby (it being understood that the
invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 8. All communications and notices hereunder shall be in writing and given as provided in Section 5.01 of the Collateral
Agreement. 
 SECTION 9. The New Subsidiary agrees to reimburse the Collateral Agent for its reasonable out-of-pocket expenses
in connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Collateral Agent. 
  

 -2- 

 IN WITNESS WHEREOF, the New Subsidiary and the Collateral Agent have duly executed this
Supplement as of the day and year first above written. 
  

			
	[Name Of New Subsidiary],
		
	By	 	 
		 	Legal Name:
		 	Jurisdiction of Organization:
		 	Identifying Number (if any):
		 	Location of Chief Executive office:
	
	 U.S. BANK NATIONAL ASSOCIATION,
 as Collateral Agent

		
	By	 	 
	Name:	 	
	Title:	 	

  

 -3- 

 EQUITY INTERESTS 
  

					
	 Issuer
	  	Number and
Class of
Equity Interests	  	Percentage
of Equity Interests
		  		  	

  

 -4- 

 Schedule I 
 Subsidiary Guarantors 
 Blockbuster Inc. 

Blockbuster Canada Inc. 
 Blockbuster Digital Technologies Inc. 
 Blockbuster Distribution, Inc. 

Blockbuster Gift Card, Inc. 
 Blockbuster Global Services Inc. 
 Blockbuster International Spain Inc.

 Blockbuster Investments LLC 
 Blockbuster Procurement LP 
 Blockbuster Video Italy, Inc. 
 Trading Zone Inc. 
 Movielink, LLC 

 Schedule II 
 Pledged Securities 
 Pledged Equity Interests 

  

									
	Grantor	  	Issuer	  	Certificate    
Number    	  	 Number of Equity
 Interests
	  	Percentage of    
Ownership    
	 Blockbuster
Inc.
	  	Blockbuster Canada Inc.	  	1	  	100 common stock	  	100%
	  	Blockbuster Digital Technologies Inc.	  	01	  	1,000 common stock	  	100%
	  	Blockbuster Distribution, Inc.	  	1	  	100 common stock	  	100%
	  	Blockbuster Gift Card, Inc.	  	C-1	  	100 common stock	  	100%
	  	Blockbuster Global Services Inc.	  	2	  	100 common stock	  	100%
	  	Blockbuster International Spain Inc.	  	2	  	100 common stock	  	100%
	  	Blockbuster Investments LLC	  	2	  	 certificated
 membership
 interests
	  	100%
	  	Blockbuster Video Italy, Inc.	  	1	  	100 common stock	  	100%
	  	Trading Zone Inc.	  	1	  	100 common stock	  	100%
	  	Blockbuster UK Limited	  	3	  	55,733,492 shares	  	65%
	  	Blockbuster de Mexico, S.A. de C.V.	  	2-A	  	 497,680,670
 Acciones de la Serie II
	  	65%
	  	Blockbuster Entertainment (Ireland) Limited	  	3	  	65 shares	  	65%
	 Blockbuster Canada Inc.
	  	Blockbuster Canada Co.	  	4	  	87,030,362 common shares	  	65%

 Pledged Debt Securities 
  

	 	1.	Intercompany Note dated August 8, 2005, Blockbuster Uruguay Ltda. as maker and Blockbuster Inc. as payee, with an outstanding balance of 8,016,305 Uruguay New
Pesos as of August 30, 2009. 

  

	 	2.	Intercompany Note dated August 8, 2005, Blockbuster Argentina, S.A. as maker and Blockbuster Inc. as payee, with an outstanding balance of 699,732 Argentine Pesos
as of August 30, 2009. 

 Schedule III 
 Patents, Trademarks and Copyrights 
  

	 	1.	Patents and Patent Applications 

  

							
	Owner	  	Title	  	Application No./
Filing Date	  	Patent No./
Issue
Date
	 Blockbuster Inc.
	  	SYSTEM AND METHOD FOR PROVISIONING AUDIOVISUAL WORKS	  	10842147
5/10/2004	  	Pending
	  	SYSTEM AND METHOD FOR FULFILLING A MEDIA REQUEST	  	11133874
5/19/2005	  	Pending
	  	SYSTEM AND METHOD FOR PROCESSING MEDIA REQUESTS	  	11172731
6/30/2005	  	Pending
	  	METHOD AND SYSTEM FOR DELIVERING ON DEMAND, INDIVIDUALLY TARGETED PROMOTIONS	  	8261909
6/15/1994	  	5459306
10/17/1995
	  	NETWORK CONFIGURED FOR DELIVERY OF CONTENT FOR DOWNLOAD TO A RECIPIENT1	  	09827481
4/6/2001	  	7024466
4/4/2006
	  	SECURE DIGITAL CONTENT LICENSING SYSTEM AND METHOD2	  	09827469
4/6/2001	  	7155415
12/26/2006
	  	NETWORK GEO-LOCATION SYSTEM	  	10704519
11/6/2003	  	7200658
4/3/2007

  

	 	2.	Copyrights and Copyright Applications 

  

							
	Owner	  	Title / Description	  	Registration
Number	  	Registration
Date
	 Blockbuster Inc.
	  	BB.FOR —store transaction program	  	TXU311866	  	5/13/1987
	  	NDAILY.FOR — store end-of-day	  	TXU311867	  	5/13/1987
	  	INVENTORY.FOR—store inventory main program	  	TXU311868	  	5/13/1987
	  	FILM.FOR—Store customer database maintenance program	  	TXU311869	  	5/13/1987
	  	REPORT.FOR—Store customer database maintenance program	  	TXU311870	  	5/13/1987
	  	Membership application	  	TX5208218	  	5/23/2000
	  	Tape box insert	  	TX5244611	  	5/23/2000
	  	Movies to Go policy and procedure manual	  	TXU223424	  	1/13/1986

  
  

	1	 This patent has two title breaks. The Company is in the process of correcting such title breaks. 

	2	 This patent has a title break. The Company is in the process of correcting such title break. 

	 	3.	Trademarks and Trademark Applications 

  

							
	Owner	  	Mark	  	Application No./
Filing Date	  	Registration No/
Registration Date

	 Blockbuster Inc.
	  	AMERICA’S FAMILY VIDEO STORE	  	73752103
9/14/1988	  	1606783
7/17/1990
	 Blockbuster Inc.
	  	ANY WAY YOU WANT IT	  	77694664
3/19/2009	  	Pending
	 Blockbuster Inc.
	  	BLOCK BUSTER	  	73192414
11/7/1978	  	1131418
2/26/1980
	 Blockbuster Inc.
	  	BLOCKBUSTER	  	77453895
4/21/2008	  	3661761
7/28/2009
	 Blockbuster Inc.
	  	BLOCKBUSTER	  	78431836
6/8/2004	  	2970581
7/19/2005
	 Blockbuster Inc.
	  	BLOCKBUSTER	  	74483720
1/28/1994	  	1868690
12/20/1994
	 Blockbuster Inc.
	  	BLOCKBUSTER	  	74452130
10/25/1993	  	1891727
4/25/1995
	 Blockbuster Inc.3
	  	BLOCKBUSTER	  	74426588
8/20/1993	  	1873269
1/10/1995
	 Blockbuster Inc.
	  	BLOCKBUSTER	  	74313601
9/14/1992	  	1771243
5/18/1993
	 Blockbuster Inc.
	  	BLOCKBUSTER	  	74235863
1/8/1992	  	1738553
12/8/1992
	 Blockbuster Inc.
	  	BLOCKBUSTER	  	74235862
1/8/1992	  	1802394
11/2/1993
	 Blockbuster Inc.
	  	BLOCKBUSTER	  	73833679
10/25/1989	  	1601598
6/12/1990
	 Blockbuster Inc.
	  	BLOCKBUSTER	  	73684181
9/11/1987	  	1491589
6/7/1988
	 Blockbuster Inc.
	  	 BLOCKBUSTER ENTERTAINMENT PASS
 

	  	76281389
7/6/2001	  	2915473
1/4/2005
	 Blockbuster Inc.
	  	BLOCKBUSTER FAVORITES	  	76231436
3/27/2001	  	2597577
7/23/2002
	 Blockbuster Inc.
	  	BLOCKBUSTER FLIP CARD	  	78424645
5/25/2004	  	2981073
8/2/2005
	 Blockbuster Inc.
	  	BLOCKBUSTER GAME PASS	  	78424632
5/25/2004	  	2981072
8/2/2005
	 Blockbuster Inc.
	  	 BLOCKBUSTER GAME PASS
 

	  	78452615
7/19/2004	  	2981186
8/2/2005
	 Blockbuster Inc.
	  	BLOCKBUSTER GIFTCARD	  	74641274
3/2/1995	  	2049663
4/1/1997
	 Blockbuster Inc.
	  	BLOCKBUSTER KIDS	  	73835048
10/25/1989	  	1601492
6/12/1990
	 Blockbuster Inc.
	  	BLOCKBUSTER KIDS	  	73752100
9/14/1988	  	1575714
1/2/1990

	 	

	 	3	 This trademark registration has a title break. The Company is in the process of correcting such title break. 

							
	Owner	  	Mark	  	Application No./
Filing Date	  	Registration No/
Registration Date

	 Blockbuster Inc.
	  	 BLOCKBUSTER KIDS
 

	  	74042304
3/23/1990	  	1652678
7/30/1991
	 Blockbuster Inc.
	  	 BLOCKBUSTER KIDS
 

	  	74042303
3/23/1990	  	1637878
3/12/1991
	 Blockbuster Inc.
	  	BLOCKBUSTER MEDIA	  	77355890
12/19/2007	  	3493765
8/26/2008
	 Blockbuster Inc.
	  	BLOCKBUSTER MEDIA	  	77355915
12/19/2007	  	3493766
8/26/2008
	 Blockbuster Inc.4
	  	BLOCKBUSTER MOVIE PASS	  	78424626
5/25/2004	  	2967024
7/12/2005
	 Blockbuster Inc.
	  	 BLOCKBUSTER MOVIE PASS
 

	  	78452628
7/19/2004	  	2967198
7/12/2005
	 Blockbuster Inc.
	  	BLOCKBUSTER NIGHT	  	78260428
6/10/2003	  	2953470
5/17/2005
	 Blockbuster Inc.
	  	BLOCKBUSTER ONDEMAND	  	77650037
1/15/2009	  	3666315
8/11/2009
	 Blockbuster Inc.
	  	BLOCKBUSTER ONLINE	  	78394660
4/1/2004	  	2993353
9/6/2005
	 Blockbuster Inc.
	  	 BLOCKBUSTER PREVIOUSLY PLAYED GAMES
 

	  	76128570
9/14/2000	  	2852330
6/15/2004
	 Blockbuster Inc.
	  	 BLOCKBUSTER REWARDS
 

	  	76104432
8/7/2000	  	2616659
9/10/2002
	 Blockbuster Inc.
	  	 BLOCKBUSTER TOTAL ACCESS
 

	  	77037455
11/6/2006	  	Pending
	 Blockbuster Inc.
	  	BLOCKBUSTER TOTAL ACCESS	  	77308278
10/19/2007	  	Pending
	 Blockbuster Inc.
	  	BLOCKBUSTER VIDEO	  	74175657
6/11/1991	  	1723840
10/13/1992
	 Blockbuster Inc.
	  	BLOCKBUSTER VIDEO	  	74175658
6/11/1991	  	1710127
8/25/1992
	 Blockbuster Inc.
	  	BLOCKBUSTER VIDEO	  	74175662
6/11/1991	  	1736470
12/1/1992
	 Blockbuster Inc.
	  	BLOCKBUSTER VIDEO	  	73833677
10/25/1989	  	1603163
6/19/1990

	 	

	 	4	 There was a clerical error during the filing process for this trademark. The Company is in the process of correcting such error.

							
	Owner	  	Mark	  	Application No./
Filing Date	  	Registration No/
Registration Date

	 Blockbuster Inc.
	  	 BLOCKBUSTER VIDEO
 

	  	74562064
8/17/1994	  	1962792
3/19/1996
	 Blockbuster Inc.
	  	 BLOCKBUSTER VIDEO
 

	  	74363905
3/2/1993	  	1806588
11/23/1993
	 Blockbuster Inc.
	  	 BLOCKBUSTER VIDEO
 

	  	74175651
6/11/1991	  	1721375
10/6/1992
	 Blockbuster Inc.
	  	 BLOCKBUSTER VIDEO
 

	  	74175654
6/11/1991	  	1721846
10/6/1992
	 Blockbuster Inc.
	  	 BLOCKBUSTER VIDEO
 

	  	73833741
10/25/1989	  	1630441
1/1/1991
	 Blockbuster Inc.
	  	 BLOCKBUSTER VIDEO
 

	  	73833678
10/25/1989	  	1601597
6/12/1990
	 Blockbuster Inc.
	  	 BLOCKBUSTER VIDEOS
 

	  	73576902
1/9/1986	  	1413706
10/14/1986
	 Blockbuster Inc.
	  	 BLOCKBUSTER
 

	  	75323166
7/11/1997	  	2175057
7/21/1998
	 Blockbuster Inc.
	  	 BLOCKBUSTER
 

	  	75223007
1/9/1997	  	2135572
2/10/1998
	 Blockbuster Inc.
	  	BLOCKBUSTER.COM	  	75733099
6/21/1999	  	2357416
6/13/2000
	 Blockbuster Inc.
	  	BLOCK-BUSTERS	  	73723732
4/21/1988	  	1542484
6/6/1989
	 Blockbuster Inc.
	  	CARL	  	78134830
6/11/2002	  	2771627
10/7/2003
	 Blockbuster Inc.
	  	CARL & RAY	  	76453139
9/26/2002	  	2763900
9/16/2003
	 Blockbuster Inc.
	  	CARL & RAY	  	78097658
12/11/2001	  	2757530
8/26/2003
	 Blockbuster Inc.
	  	CIRCUS FRESH	  	78041865
1/5/2001	  	2684721
2/4/2003

							
	Owner	  	Mark	  	Application No./
Filing Date	  	Registration No/
Registration Date

	 Blockbuster Inc.
	  	 Design Only
 

	  	78453544
7/20/2004	  	2995113
9/13/2005
	 Blockbuster Inc.
	  	 Design Only
 

	  	74562060
8/17/1994	  	2022821
12/17/1996
	 Blockbuster Inc.
	  	 Design Only
 

	  	74225986
11/26/1991	  	1724470
10/13/1992
	 Blockbuster Inc.
	  	 Design Only
 

	  	74024372
1/31/1990	  	1618072
10/16/1990
	 Blockbuster Inc.
	  	 Design Only
 

	  	74024373
1/31/1990	  	1623086
11/13/1990
	 Blockbuster Inc.
	  	 Design Only
 

	  	73834014
10/26/1989	  	1607739
7/24/1990
	 Blockbuster, Inc.
	  	 Design Only
 

	  	73833718
10/25/1989	  	1607738
7/24/1990
	 Blockbuster Inc.
	  	DVD FREEDOM PASS	  	76461477
10/24/2002	  	2763968
9/16/2003
	 Blockbuster Inc.
	  	ESCAPE IN	  	77758250
6/12/2009	  	Pending
	 Blockbuster Inc.
	  	 FILM CADDY
 

	  	78162449
9/10/2002	  	2814234
2/10/2004
	 Blockbuster Inc.
	  	FILMCADDY	  	78162436
9/10/2002	  	2824114
3/16/2004
	 Blockbuster Inc.
	  	GAME FREEDOM PASS	  	76524433
6/23/2003	  	2868799
8/3/2004

							
	Owner	  	Mark	  	Application No./
Filing Date	  	Registration No/
Registration Date

	 Blockbuster Inc.
	  	 GAME FREEDOM PASS
 

	  	76524434
6/23/2003	  	2904327
11/23/2004
	 Blockbuster Inc.
	  	GAME RUSH	  	78285788
8/11/2003	  	2981932
8/2/2005
	 Blockbuster Inc.
	  	 GAME RUSH
 

	  	76551497
9/26/2003	  	3004796
10/4/2005
	 Blockbuster Inc.
	  	GAMERUSH	  	78286451
8/12/2003	  	3004970
10/4/2005
	 Blockbuster Inc.
	  	GAMES FREEDOM PASS	  	76461478
10/24/2002	  	2763969
9/16/2003
	 Blockbuster Inc.
	  	GO HOME HAPPY	  	75433141
2/12/1998	  	2294038
11/23/1999
	 Blockbuster Inc.
	  	KIDPRINT	  	74008819
12/7/1989	  	1667226
12/3/1991
	 Blockbuster Inc.
	  	LIFE AFTER LATE FEES	  	78644662
6/6/2005	  	3095522
5/23/2006
	 Blockbuster Inc.
	  	 M
 

	  	76975825
6/7/2002	  	2778608
10/28/2003
	 Blockbuster Inc.
	  	MAKE IT A BLOCKBUSTER NIGHT	  	74408844
7/6/1993	  	1852673
9/6/1994
	 Blockbuster Inc.
	  	MAKE IT A BLOCKBUSTER...	  	75112793
6/3/1996	  	2063182
5/20/1997
	 Blockbuster Inc.
	  	MOVIE CLIQUE	  	77323767
11/7/2007	  	3629427
6/2/2009
	 Blockbuster Inc.
	  	MOVIE FREEDOM PASS	  	76461476
10/24/2002	  	2763967
9/16/2003
	 Blockbuster Inc.
	  	MOVIE STORE AT YOUR DOOR	  	78401882
4/14/2004	  	2982247
8/2/2005
	 Blockbuster Inc.
	  	 MOVIE TRADING CO. BUY SELL MTC
 

	  	76491578
2/20/2003	  	2871001
8/10/2004
	 Blockbuster Inc.
	  	MOVIE TRADING COMPANY	  	78389266
3/23/2004	  	2970342
7/19/2005
	 Blockbuster Inc.
	  	MOVIE TRADING COMPANY	  	78389234
3/23/2004	  	2994625
9/13/2005
	 Blockbuster Inc.
	  	MOVIE TRADING COMPANY EXPRESS	  	78339670
12/11/2003	  	2966622
7/12/2005
	 Blockbuster Inc.
	  	MOVIELINK	  	76976663
9/17/2001	  	2867637
7/27/2004
	 Blockbuster Inc.
	  	MOVIES IN MINUTES	  	78309121
10/3/2003	  	2877725
8/24/2004
	 Blockbuster Inc.
	  	 MY Q AT A GLANCE MOVIES IN QUEUE: MANAGE QUEUE
 

	  	78529735
12/9/2004	  	3020905
11/29/2005

							
	Owner	  	Mark	  	Application No./
Filing Date	  	Registration No/
Registration Date

	 Blockbuster Inc.
	  	 MY Q
 

	  	78406672
4/22/2004	  	3014124
11/8/2005
	 Blockbuster Inc.
	  	ONLINE RENTING WITHOUT THE WAIT	  	77037549
11/6/2006	  	3383942
2/19/2008
	 Blockbuster Inc.
	  	 PAUSE
 

	  	73754308
9/20/1988	  	1578172
1/16/1990
	 Blockbuster Inc.
	  	PLAY IT FLIP IT	  	78424654
5/25/2004	  	2964263
6/28/2005
	 Blockbuster Inc.
	  	 PLAYER BLOCKBUSTER
 

	  	73838828
11/13/1989	  	1605145
7/3/1990
	 Blockbuster Inc. .
	  	 PLAYER BLOCKBUSTER
 

	  	73754310
9/20/1988	  	1545729
6/27/1989
	 Blockbuster Inc.
	  	PORTA-PLAYER	  	73752093
9/14/1988	  	1553293
8/22/1989
	 Blockbuster Inc.
	  	QUIK DROP	  	73758736
10/20/1988	  	1591360
4/10/1990
	 Blockbuster Inc.
	  	REINVENT THE WAY YOU RENT	  	78170599
10/3/2002	  	2805886
1/13/2004
	 Blockbuster Inc.
	  	RENT. BUY. GAME YOUR WAY	  	76432711
7/10/2002	  	2731773
7/1/2003
	 Blockbuster Inc.
	  	RENTING IS BETTER THAN EVER	  	78644678
6/6/2005	  	3093128
5/16/2006
	 Blockbuster Inc.
	  	 REWIND BLOCKBUSTER
 

	  	73838829
11/13/1989	  	1605146
7/3/1990

							
	Owner	  	Mark	  	Application No./
Filing Date	  	Registration No/
Registration Date

	 Blockbuster Inc.
	  	 REWIND BLOCKBUSTER
 

	  	73754306
9/20/1988	  	1545727
6/27/1989
	 Blockbuster Inc.
	  	 SLO-MO BLOCKBUSTER PAUSE
 

	  	73754309
9/20/1988	  	1545728
6/27/1989
	 Blockbuster Inc.
	  	 SLO-MO
 

	  	73835179
10/31/1989	  	1601604
6/12/1990
	 Blockbuster Inc.
	  	 STOPPER BLOCKBUSTER
 

	  	73833681
10/25/1989	  	1614418
9/18/1990
	 Blockbuster Inc.
	  	 STOPPER BLOCKBUSTER
 

	  	73754301
9/20/1988	  	1545726
6/27/1989
	 Blockbuster Inc.
	  	THAT’S A HOLIDAY WRAP	  	77544685
8/12/2008	  	Pending
	 Blockbuster Inc.
	  	THAT’S A HOLIDAY WRAP	  	77544665
8/12/2008	  	Pending
	 Blockbuster Inc.
	  	WOW! WHAT A DIFFERENCE	  	73833680
10/25/1989	  	1600084
6/5/1990
	 Blockbuster Inc.
	  	WOW! WHAT A DIFFERENCE	  	73752091
9/14/1988	  	1540956
5/23/1989
	 Blockbuster Inc.
	  	YOUTH RESTRICTED VIEWING	  	73752101
9/14/1988	  	1600094
6/5/1990

 Schedule IV 
 Commercial Tort Claims 
 None. 

 Schedule V 
 Mortgaged Property 
  

					
	 Grantor/ Record
 Owner
	  	Address5	  	 County Recorder’s
 Office

	 Blockbuster Inc.
 (Grantor and
 Record Owner)
	  	3101 N. State Rd. 7, Margate, FL	  	Broward County
	  	862 Folly Rd., Charleston, SC	  	Charleston County
	  	1300 S. Pleasantburg Dr., Greenville, SC	  	Greenville County
	  	315 SE Greenville Blvd., Greenville, NC	  	Pitt County
	  	1787 Cherry Rd., Rock Hill, SC a/k/a 1801 Cherry Road, Rock Hill, SC	  	York County
	  	6 Huntsbridge Rd., Greenville, SC	  	Greenville County
	  	311 Clarendon Blvd., New Bern, NC a/k/a 3125 Dr. MLK Jr. Blvd, New Bern, NC	  	Craven County
	  	2001 Sunset Ave., Rocky Mount, NC	  	Nash County
	  	4365 Fayetteville Rd., Lumberton, NC	  	Robeson County
	  	2501 E. Franklin Blvd., Gastonia, NC	  	Gaston County
	  	209 Blowing Rock Rd., Boone, NC a/k/a 702 Blowing Rock, Boone, NC	  	Watauga County
	  	1251 Weldon Rd., Roanoke Rapids, NC a/k/a 1251 Julian R Allsbrook, Roanoke Rapids, NC	  	Halifax County
	  	3500 N. Duke St., Durham, NC	  	Durham County
	  	4531 Hwy 58, Chattanooga, TN	  	Hamilton County
	  	1960 W. Andrew Johnson Hwy, Morristown, TN	  	Hamblen County
	  	1333 E. Dixie Hwy, Asheboro, NC a/k/a 1334 E Dixie Hwy, Asheboro, NC	  	Randolph County
	  	4044 Capitol Blvd., Raleigh, NC	  	Wake County
	  	5402 W. Market St., Greensboro, NC	  	Guilford County
	  	5138 John Calhoun Memorial Hwy., Easley, SC	  	Pickens County
	  	1510 Martin Luther King Blvd., Houma, LA	  	Terrebonne Parish
	  	901 Beckford Dr., Henderson, NC a/k/a 903 Beckford Dr., Henderson, NC	  	Vance County
	  	9600 E. Independence Blvd., Matthews, NC	  	Mecklenburg County
	  	1024 S. Main St., Kernersville, NC	  	Forsyth County

  

	5	 While no representation or warranty is made with respect to the specific accuracy thereof, these addresses represent the location of the applicable
Blockbuster store to the best of the Company’s knowledge. 

  

 11 

					
	 Grantor/ Record
 Owner
	  	Address5	  	 County Recorder’s
 Office

	 	  	1213 Selma Rd., Smithfield, NC a/k/a 1213 North Bright Lease Blvd., Smithfield, NC	  	Johnston County
	 	 	 
	 	  	2615 Dillard Loop, Lake Charles, LA	  	Calcasieu Parish
	 	 	 
	 Blockbuster
 Distribution, Inc.
 (Grantor and
 Record Owner)
	  	Wilmeth Rd., McKinney, TX	  	Collin County
	 	 	 
	 Blockbuster Inc.
 (Grantor and
 Record Owner)
	  	3800 Jackson St., Alexandria, LA	  	Rapides Parish

  

 12Second Amendment Agreement, dated as of October 1, 2009

 Exhibit 10.1 
 EXECUTION COPY 
 SECOND AMENDMENT AGREEMENT
dated as of October 1, 2009 (this “Amendment”), to the Credit Agreement dated as of August 20, 2004, as amended and restated as of April 2, 2009 and effective as of the First Restatement Effective Date (as defined
below) (as so amended and restated, the “Existing Credit Agreement”), among BLOCKBUSTER INC., a Delaware corporation (the “Borrower”), the LENDERS party thereto (the “Lenders”), JPMORGAN CHASE BANK,
N.A., as Administrative Agent and Collateral Agent, and the other parties thereto. 
 WHEREAS, the Borrower plans to issue
senior secured notes due 2014 (the “Senior Secured Notes”), a portion of the proceeds of which will be used to prepay all Loans outstanding under the Existing Credit Agreement, all accrued and unpaid interest thereon and all other
amounts then due and payable under the Existing Credit Agreement; 
 WHEREAS, in connection with such prepayment, all
Commitments under the Existing Credit Agreement will be terminated, but the Letters of Credit issued thereunder will remain outstanding; 
 WHEREAS, the Secured Parties’ security interest in the Collateral (other than the LC Cash Collateral Account and the LC Cash Collateral) will be released upon such prepayment, but the Issuing Banks
Agent, the Issuing Banks and the Administrative Agent will continue to have a security interest in the LC Cash Collateral Account and the LC Cash Collateral; 
 WHEREAS, following the prepayment of all Loans under the Existing Credit Agreement and the termination of all Commitments thereunder, the parties hereto will be the sole parties to the Existing Credit
Agreement; and 
 WHEREAS, in connection with the foregoing, the Borrower has requested that the Issuing Banks and the other
parties hereto agree to amend the Existing Credit Agreement to be in the form of Exhibit A hereto; 
 NOW, THEREFORE, in
consideration of the above premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower, each Issuing Bank, the Administrative Agent and the Issuing Banks Agent hereby agree as
follows: 
 SECTION 1. Defined Terms. Capitalized terms used but not otherwise defined or ascribed a specified meaning
herein (including the preliminary statements hereto) have the meanings assigned to them in the Restated Credit Agreement (as defined below) or, if not defined therein, in the Existing Credit Agreement. 
 SECTION 2. Amendment and Restatement. Effective as of the Second Restatement Effective Date, (i) the Existing Credit Agreement
is hereby amended and restated to be in the form of Exhibit A hereto (the Existing Credit Agreement, as so amended and restated, being referred to as the “Restated Credit Agreement”) and (ii) Schedule 2.01 attached hereto is
hereby incorporated as Schedule 2.01 to the Restated Credit Agreement. 

 SECTION 3. Representations and Warranties. The Borrower hereby represents and
warrants to each other party hereto that, as of the Second Restatement Effective Date (as defined below): 
 (a)
this Amendment (i) has been duly authorized by all necessary corporate or other organizational and, if required, stockholder action of the Borrower, (ii) has been duly executed and delivered by the Borrower and (iii) constitutes a
legal, valid and binding obligation of the Borrower, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject
to general principles of equity, regardless of whether considered in a proceeding in equity or at law; and 
 (b)
(i) after giving effect to this Amendment, no Default has occurred and is continuing and (ii) the representations and warranties of the Borrower set forth in the Restated Credit Agreement and the other Loan Documents are true and correct in all
material respects as of the date hereof (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date). 
 SECTION 4. Effectiveness of this Amendment. This Amendment and the amendment and restatement of the Existing Credit Agreement as set
forth in Section 2 hereof shall become effective as of the first date (such date being referred to as the “Second Restatement Effective Date”) on which each of the following conditions shall have been satisfied: 
 (a) the Administrative Agent (or its counsel) shall have received from the Borrower, each Issuing Bank and the
Issuing Banks Agent either (i) a counterpart of this Amendment signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include facsimile or other electronic transmission of a signed
signature page of this Amendment) that such party has signed a counterpart of this Amendment; 
 (b) the
Administrative Agent shall have received a favorable written opinion (dated the Second Restatement Effective Date and addressed to the Administrative Agent, each Issuing Bank and the Issuing Banks Agent) of Kirkland & Ellis LLP, counsel for
the Borrower, in form and substance reasonably satisfactory to the Administrative Agent; 
 (c) the
Administrative Agent shall have received documents and certificates relating to the organization, existence and good standing of the Borrower and the authorization of the Loan Documents and transactions contemplated hereby, all in form and substance
reasonably satisfactory to the Administrative Agent; 
  

 2 

 (d) the representations and warranties of the Borrower set forth in
Section 3 hereof shall be true and correct as of the Second Restatement Effective Date, and the Administrative Agent shall have received a certificate, dated the Second Restatement Effective Date and signed by a Financial Officer or the chief
executive officer of the Borrower, confirming the accuracy thereof, which shall be in form and substance reasonably satisfactory to the Administrative Agent; 
 (e) the Administrative Agent shall have received all amounts due and payable to the Administrative Agent on or prior to the
Second Restatement Effective Date pursuant to the Loan Documents, including reimbursement of all out-of-pocket expenses (including reasonable fees, charges and disbursements of counsel) required to be reimbursed or paid by the Borrower hereunder or
under any other Loan Document; 
 (f) the Borrower shall have (i) received an aggregate amount of Net
Proceeds from the issuance of Senior Secured Notes that is no less than the sum of the aggregate principal amount of Revolving Loans and Term Loans outstanding immediately prior to giving effect to the Restated Credit Agreement, (ii) prepaid
all Revolving Loans and Term Loans in accordance with the Existing Credit Agreement, including payment of all accrued and unpaid interest thereon, and all other amounts then due and payable under the Existing Credit Agreement and
(iii) terminated all Commitments under the Existing Credit Agreement; and 
 (g) the Administrative Agent
shall have received, for account of the Issuing Banks entitled thereto, the Amendment Fees required to be paid pursuant to Section 5 hereof. 
 The Administrative Agent shall notify the Borrower, the Issuing Banks Agent and the Issuing Banks of the Second Restatement Effective Date, and such notice shall be conclusive and binding. 
 SECTION 5. Fees. The Borrower agrees to pay to the Administrative Agent, for the account of each Issuing Bank that delivers to the
Administrative Agent (or its counsel) an executed counterpart hereof (or a facsimile transmission of a signed signature page of this Amendment) on or prior to 12:00 noon, New York City time, on September 24, 2009, an amendment fee (the
“Amendment Fee”) in an amount equal to 0.50% of the aggregate amount of such Issuing Bank’s LC Exposure as of such date. The Amendment Fee shall be payable on, and subject to the occurrence of, the Second Restatement Effective
Date. 
 SECTION 6. Release of Certain Collateral. The parties hereto hereby agree that, notwithstanding anything to the
contrary in the Existing Credit Agreement or any Loan Document (as defined in the Existing Credit Agreement), (a) the Guarantees made in the Collateral Agreement, and all security interests granted in favor of the Collateral Agent under the
Collateral Agreement, the Security Agreement, each Foreign Pledge Agreement, each Mortgage, each Account Control Agreement and each other Security Document, shall terminate on the Second Restatement Effective Date (and each

  

 3 

 
Issuing Bank hereby authorizes the Collateral Agent to execute and deliver to the Borrower, at the Borrower’s expense, all documents that the Borrower shall reasonably request to evidence
such termination) and (b) on the Second Restatement Effective Date, each Security Document in effect on such date (other than, for the avoidance of doubt, any agreement providing, or purporting to provide, “control” in accordance with
the applicable Uniform Commercial Code for the purposes of perfection of any Lien in favor of the Issuing Banks Agent, or any of its sub-agents, for the benefit of the Issuing Banks over the LC Cash Collateral Account or the LC Cash Collateral)
shall terminate and cease to be in force and effect, in each case except as to the provisions thereof that by their terms survive and remain in full force and effect notwithstanding the termination of any such agreement (and each Issuing Bank hereby
authorizes the Collateral Agent and the Administrative Agent to execute and deliver to the Borrower, at the Borrower’s expense, all documents that the Borrower shall reasonably request to evidence such termination). For the avoidance of doubt,
nothing herein shall be deemed to authorize (or to constitute) the termination or release of any security interests granted in favor of the Issuing Banks Agent, or any of its sub-agents, in the LC Cash Collateral Account or the LC Cash Collateral
under the Existing Credit Agreement and the other Loan Documents, which shall continue in full force and effect pursuant to the Restated Credit Agreement and the Loan Documents referenced in the parenthetical in clause (b) above. 
 SECTION 7. Effect of this Amendment. (a) It is the express intent of the parties hereto that, notwithstanding anything to the
contrary in the Existing Credit Agreement, the Existing Credit Agreement be amended and restated pursuant to this Amendment on the Second Restatement Effective Date to be in the form of the Restated Credit Agreement and, as so amended and restated,
continue as a legal, valid and binding obligation of the parties hereto, enforceable against them in accordance with their terms, including, without limitation, in respect of the grant by the Borrower of security interests in the LC Cash Collateral
Account and the LC Cash Collateral, as more fully set forth in Section 2.01(h) of the Restated Credit Agreement and other applicable provisions of the Loan Documents. In furtherance of, and without limiting, the foregoing, each party hereto
agrees that (i) the rights and obligations of the parties hereto in respect of the Letters of Credit, and in respect of all other matters set forth herein or in Exhibit A hereto, shall, on and after the Second Restatement Effective Date, be
governed by this Amendment and the agreement in the form of Exhibit A hereto, (ii) the security interests granted in favor of the Issuing Banks Agent, or any of its sub-agents, in the LC Cash Collateral Account and the LC Cash Collateral under
the Existing Credit Agreement and the other Loan Documents (as defined in the Existing Credit Agreement) shall continue in full force and effect (and are hereby affirmed and confirmed by the Borrower) notwithstanding the prepayment of the Loans in
connection herewith and all other amounts then due and payable under the Existing Credit Agreement and shall, on and after the Second Restatement Effective Date, be governed by this Amendment and the agreement in the form of Exhibit A hereto and
(iii) nothing herein shall extinguish the obligations of the Borrower outstanding under the Existing Credit Agreement or the other Loan Documents, or be construed as a substitution or novation of any obligation of the Borrower under the
Existing Credit Agreement or any other Loan Document, all of which shall remain in full force and effect, in each case except as amended hereby. 
  

 4 

 (b) Except as expressly set forth herein, this Amendment shall not by implication or
otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Administrative Agent, the Issuing Banks Agent or the Issuing Banks under the Existing Credit Agreement or any other Loan Document, and shall not
alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Existing Credit Agreement or any other Loan Document, all of which, as amended hereby, are ratified and affirmed in all
respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Loan Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or
agreements contained in the Restated Credit Agreement or any other Loan Document in similar or different circumstances. This Amendment shall constitute a Loan Document. 
 (c) On and after the Second Restatement Effective Date, any reference to the Existing Credit Agreement in any Loan Document shall mean such Existing Credit Agreement as amended and restated hereby, and
any reference in any Loan Document to a Section of the Existing Credit Agreement shall be deemed to be a reference to the corresponding Section of the Existing Credit Agreement, as applicable, as amended and restated hereby. 
 SECTION 8. Expenses. The Borrower agrees to reimburse the Administrative Agent for its reasonable out-of-pocket expenses in
connection with this Amendment, including the reasonable fees, charges and disbursements of Cravath, Swaine & Moore LLP. 
 SECTION 9. Counterparts. This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a
single contract. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment. 
 SECTION 10. Governing Law. This Amendment shall be construed in accordance with and governed by the law of the State of New York.

 SECTION 11. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT OR ANY OTHER LOAN DOCUMENT (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT
IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AMENDMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
  

 5 

 SECTION 12. Headings. Section headings used herein are for convenience of reference
only, are not part of this Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment. 
  

 6 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by
their authorized officers as of the date first above written. 
  

			
	BLOCKBUSTER INC.,
		
	by	 	 
	Name:	 	
	Title:	 	

  

			
	 JPMORGAN CHASE BANK, N.A., as the
 Administrative Agent, an Issuing Bank and
 the Issuing Banks Agent,

		
	by	 	 
	Name:	 	
	Title:	 	

 SIGNATURE PAGE TO 
 SECOND AMENDMENT AGREEMENT 
 RELATING TO THE CREDIT AGREEMENT OF 
 BLOCKBUSTER INC. 
 Name of Issuing Bank 
  

			
	  

		
	by	 	 
	Name:	 	
	Title:	 	

 For any Issuing Bank requiring a second signature block: 
  

			
	by	 	 
	Name:	 	
	Title:	 	

 EXHIBIT A 
  
  
  
 CREDIT AGREEMENT 
 dated as of August 20, 2004, 
  
 as
amended and restated as of April 2, 2009, and 
 effective as of the First Restatement Effective Date and 
 as further amended and restated as of October 1, 2009, and 
 effective as of the Second Restatement Effective Date, 
 among 
 BLOCKBUSTER INC., 
 The ISSUING BANKS Party Hereto 
 and 
 JPMORGAN CHASE BANK, N.A., 
 as Administrative Agent and Issuing Banks Agent

  
  
  

 TABLE OF CONTENTS 
 ARTICLE I 
 Definitions 
  

					
	 SECTION 1.01.
	  	Defined Terms	  	1
	 SECTION 1.02.
	  	Terms Generally	  	8
	
	ARTICLE II
	
	The Credits
	 SECTION 2.01.
	  	Letters of Credit	  	8
	 SECTION 2.02.
	  	Fees	  	13
	 SECTION 2.03.
	  	Default Interest	  	13
	 SECTION 2.04.
	  	Increased Costs	  	14
	 SECTION 2.05.
	  	Taxes	  	15
	 SECTION 2.06.
	  	Payments Generally	  	16
	
	 ARTICLE III
  

	 Representations and Warranties
  

	 SECTION 3.01.
	  	Organization; Powers	  	17
	 SECTION 3.02.
	  	Authorization; Enforceability	  	17
	 SECTION 3.03.
	  	Governmental Approvals; No Conflicts	  	17
	 SECTION 3.04.
	  	Litigation Matters	  	18
	 SECTION 3.05.
	  	Use of Proceeds	  	18
	 SECTION 3.06.
	  	Senior Indebtedness	  	18
	 SECTION 3.07.
	  	Security Interest	  	18
	
	 ARTICLE IV
  

	 Conditions
  

	 SECTION 4.01.
	  	Second Restatement Effective Date	  	18
	 SECTION 4.02.
	  	Each Credit Event	  	18
	
	 ARTICLE V
  

	 Affirmative Covenants
  

	 SECTION 5.01.
	  	Notices of Material Events	  	19
	 SECTION 5.02.
	  	Information Regarding Collateral	  	19

  

 i 

					
	 SECTION 5.03.
	  	Existence	  	19
	 SECTION 5.04.
	  	Further Assurances	  	19
	
	 ARTICLE VI
  

	 Negative Covenant
  

	
	 ARTICLE VII
  

	 Events of Default
  

	 SECTION 7.01.
	  	Events of Default	  	20
	 SECTION 7.02.
	  	Remedies upon Event of Default	  	22
	 SECTION 7.03.
	  	Issuing Banks Agent Appointed Attorney-in-Fact	  	22
	
	 ARTICLE VIII
  

	 The Agents
  

	
	 ARTICLE IX
  

	 Miscellaneous
  

	 SECTION 9.01.
	  	Notices	  	27
	 SECTION 9.02.
	  	Waivers; Amendments	  	27
	 SECTION 9.03.
	  	Expenses; Indemnity; Damage Waiver	  	28
	 SECTION 9.04.
	  	Successors and Assigns	  	30
	 SECTION 9.05.
	  	Survival	  	30
	 SECTION 9.06.
	  	Counterparts; Integration; Effectiveness	  	31
	 SECTION 9.07.
	  	Severability	  	31
	 SECTION 9.08.
	  	Right of Setoff	  	31
	 SECTION 9.09.
	  	Governing Law; Jurisdiction; Consent to Service of Process	  	31
	 SECTION 9.10.
	  	WAIVER OF JURY TRIAL	  	32
	 SECTION 9.11.
	  	Headings	  	32
	 SECTION 9.12.
	  	Confidentiality	  	32
	 SECTION 9.13.
	  	Patriot Act	  	33
	 SECTION 9.14.
	  	No Fiduciary Relationship	  	33
	 SECTION 9.15.
	  	Release of Security Interests	  	33

  

 ii 

 CREDIT AGREEMENT dated as of August 20, 2004, as amended and restated
as of April 2, 2009, and effective as of the First Restatement Effective Date (as defined below) and as further amended and restated as of October 1, 2009, and effective as of the Second Restatement Effective Date (as defined below), among
BLOCKBUSTER INC., the ISSUING BANKS party hereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent and Issuing Banks Agent. 
 The parties hereto agree as follows: 
 ARTICLE I 
 Definitions 
 SECTION 1.01. Defined Terms. As
used in this Agreement, the following terms have the meanings specified below: 
 “Additional Security
Agreements” means any agreement (other than this Agreement) executed and delivered by the Borrower pursuant to which any security interest in the LC Cash Collateral Account or any LC Cash Collateral is created, or is purported to be
created, in favor of the Issuing Banks Agent (or any of its sub-agents) for the benefit of the Issuing Banks. 
 “Administrative Agent” means JPMorgan Chase Bank, N.A., in its capacity as administrative agent hereunder and under the other Loan Documents, and its successors in such capacity as provided in Article VIII. 
 “Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Aggregate LC
Obligations” means, at any time, the sum of (a) the aggregate LC Exposure of all the Issuing Banks at such time, (b) the aggregate amount at such time of any accrued but unpaid interest hereunder in respect of LC Disbursements and
(c) the aggregate amount at such time of any accrued but unpaid Issuing Bank Fees. 
 “Agreement” means
this Credit Agreement, as modified, amended or restated from time to time. 
 “Alternate Base Rate” means, for
any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1.00%, (c) the rate per annum appearing on the Reuters
“LIBOR01” screen displaying British Bankers’ Association Interest Settlement Rates (or on any successor or substitute screen provided by Reuters, or any successor to or substitute for such service, providing rate quotations comparable
to those currently

 
provided on such screen, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank
market) at approximately 11:00 a.m., London time, two Business Days prior to such day for deposits in dollars with a maturity of one month, plus 1.00%, and (d) 4.50%. Any change in the Alternate Base Rate due to a change in the Prime Rate, the
Federal Funds Effective Rate or the interest rate referred to in clause (c) above shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the interest rate referred to in
clause (c) above, as the case may be. 
 “Borrower” means Blockbuster Inc., a Delaware corporation.

 “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in New
York City are authorized or required by law to remain closed. 
 “Change in Law” means (a) the adoption of
any law, rule or regulation after the Original Effective Date, (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority having regulatory or supervisory authority over banks or
other financial institutions after the Original Effective Date or (c) compliance by any Issuing Bank (or, for purposes of Section 2.04(b), by such Issuing Bank’s holding company, if any) with any request, guideline or directive
(whether or not having the force of law) of any Governmental Authority having regulatory or supervisory authority over banks or other financial institutions made or issued after the Original Effective Date. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time. 
 “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 
 “Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both
would, unless cured or waived, become an Event of Default. 
 “dollars” or “$” refers to
lawful money of the United States of America. 
 “Event of Default” has the meaning assigned to such term in
Section 7.01. 
 “Excluded Taxes” means, with respect to the Administrative Agent, any Issuing Bank or any
other recipient of any payment to be made by or on account of any obligation of the Borrower hereunder, (a) income or franchise taxes imposed on (or measured by) its net income by the United States of America, or by the jurisdiction (or any
political subdivision thereof) under the laws of which (or of a political subdivision of which) such recipient is organized or in which its principal office is located and (b) any branch profits taxes imposed by the United States of America or
any similar tax imposed by any other jurisdiction described in clause (a) above. 
  

 2 

 “Existing Credit Agreement” means the Credit Agreement dated as of
August 20, 2004, as amended and restated as of November 4, 2005, and as further amended and restated as of April 2, 2009 and effective as of the First Restatement Effective Date, among the Borrower, the lenders party thereto, JPMorgan
Chase Bank, N.A., as Administrative Agent and Collateral Agent, and the other parties thereto. 
 “Federal Funds
Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds
brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of
the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it. 
 “Financial Officer” means the chief financial officer, principal accounting officer, treasurer, assistant treasurer or controller of the Borrower. 
 “First Amendment Agreement” means the Amendment Agreement dated as of April 2, 2009, among the Borrower, the lenders
party thereto, the Issuing Banks, the Issuing Banks Agent and the Administrative Agent. 
 “First Restatement Effective
Date” has the meaning assigned to such term in the First Amendment Agreement. 
 “GAAP” means
generally accepted accounting principles in the United States of America as in effect from time to time, consistently applied. 
 “Governmental Authority” means the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body,
court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government. 
 “Indemnified Taxes” means Taxes other than Excluded Taxes and Other Taxes. 
 “Indemnitee” has the meaning assigned to such term in Section 9.03(b). 
 “Issuing Bank Fees” means the issuing bank fees payable to the Issuing Banks pursuant to Section 2.02(a). 
 “Issuing Banks” means JPMorgan Chase Bank, N.A., Credit Suisse First Boston, Citicorp North America, Inc. and Wachovia
Bank, National Association, in each case in its capacity as an issuer of one or more Letters of Credit. 
  

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 “Issuing Banks Agent” means JPMorgan Chase Bank, N.A., in its capacity as
the issuing banks’ agent hereunder and under the other Loan Documents, and its successors in such capacity as provided in Article VIII. 
 “LC Cash Collateral” means all Financial Assets held in or credited to the LC Cash Collateral Account, all Security Entitlements in respect thereof and all funds on deposit in or credited
to the LC Cash Collateral Account, and all Proceeds of any of the foregoing. For purposes hereof, the terms “Financial Assets”, “Security Entitlements” and “Proceeds” have the meaning assigned thereto in the Uniform
Commercial Code. 
 “LC Cash Collateral Account” means (a) the blocked deposit account established by the
Borrower with JPMorgan Chase Bank, N.A., as the Issuing Banks Agent, prior to the First Restatement Effective Date to be the “LC Cash Collateral Account” hereunder or, in the event a successor Issuing Banks Agent shall have been appointed
pursuant to Article VIII, a blocked deposit account established by the Borrower with such successor Issuing Banks Agent to be the “LC Cash Collateral Account” hereunder, and (b) each deposit or other account that is deemed to be an
“LC Cash Collateral Account” pursuant to Article VIII. 
 “LC Cash Collateral Deficiency” shall exist
at any time if the LC Cash Collateral Value at such time shall be less than 105.00% of the aggregate LC Exposure of all the Issuing Banks at such time, and the amount of such deficiency shall be the amount of the LC Cash Collateral Deficiency at
such time. 
 “LC Cash Collateral Excess” shall exist at any time if the LC Cash Collateral Value at such time
shall exceed by more than 5.00% the Aggregate LC Obligations at such time, and the amount of such excess shall be the amount of the LC Cash Collateral Excess at such time. 
 “LC Cash Collateral Value” means, at any time, the value of all funds on deposit in or credited to the LC Cash Collateral
Account at such time. 
 “LC Disbursement” means a payment made by an Issuing Bank pursuant to a Letter of
Credit. 
 “LC Exposure” means, with respect to any Issuing Bank at any time, the sum of (a) the aggregate
undrawn amount of all Letters of Credit issued by such Issuing Bank that are outstanding at such time and (b) the aggregate amount of all LC Disbursements made by such Issuing Bank to the extent such LC Disbursements have not yet been
reimbursed by or on behalf of the Borrower at such time. 
 “LC Termination Date” means (a) with respect
to each Letter of Credit issued by JPMorgan Chase Bank, N.A., in its capacity as an Issuing Bank, May 31, 2012, and (b) with respect to each Letter of Credit issued by any other Issuing Bank, September 30, 2010. 
 “Letter of Credit” means each letter of credit issued pursuant to the Original Credit Agreement prior to, and outstanding
on, the Second Restatement Effective Date that is set forth on Schedule 2.01 to the Second Amendment Agreement, as amended, extended or renewed from time to time. 
  

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 “Lien” means, with respect to any asset, (a) any mortgage, deed of
trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing
lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. 
 “Loan Documents” means this Agreement, the First Amendment Agreement, the Second Amendment Agreement and the Additional
Security Agreements. 
 “Material Adverse Effect” means any event, condition or circumstance that has had or
would reasonably be expected to have a material adverse effect on (a) the business, operations, assets or financial condition of the Borrower and the Subsidiaries, taken as a whole, (b) the ability of the Borrower to perform any of its
material obligations under any Loan Document or (c) the material rights of or benefits available to the Issuing Banks under any Loan Document. 
 “Material Subsidiary” means, at any date, any Subsidiary, or any group of Subsidiaries, which (a) had aggregate revenues during the period of four consecutive fiscal quarters of the
Borrower most recently ended on or prior to such date in respect of which financial statements have been filed with the SEC for the most recently ended fiscal quarter of the Borrower equal to 5% or more of the total consolidated revenues of the
Borrower and the Subsidiaries for such period or (b) had total assets as of the last day of the most recent fiscal quarter of the Borrower in respect of which financial statements have been filed with the SEC for the most recently ended fiscal
quarter of the Borrower equal to 5% or more of the total consolidated assets of the Borrower and the Subsidiaries as of such date (in the case of any group of Subsidiaries taken together, calculated on a combined basis in accordance with GAAP).

 “Obligations” means the due and punctual payment by the Borrower of (a) each payment required to be
made by the Borrower hereunder in respect of any Letter of Credit, including payments in respect of reimbursement of LC Disbursements and interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership
or other similar proceeding, regardless of whether allowed or allowable in such proceeding), when and as due, whether by acceleration or otherwise, and (b) all other monetary obligations of the Borrower under this Agreement and the other Loan
Documents, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any
bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding). 
  

 5 

 “Original Credit Agreement” means the Credit Agreement dated as of
August 20, 2004, as amended and restated as of November 4, 2005, and as amended prior to the First Restatement Effective Date, among the Borrower, the Lenders party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral
Agent, and the other parties thereto. 
 “Original Effective Date” means August 20, 2004. 
 “Other Taxes” means any and all present or future recording, stamp, documentary, excise, transfer, sales, property or
similar taxes, charges or levies arising from any payment made by or on account of any obligation of the Borrower under any Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, any Loan Document. 

“Permitted Encumbrances” means banker’s liens, rights of setoff or similar rights and remedies as to deposit
accounts or other funds maintained with depository institutions; provided that such deposit accounts or funds are not established or deposited for the purpose of providing collateral for any indebtedness for borrowed money and are not subject
to restrictions on access by the Borrower or any Subsidiary in excess of those required by applicable banking regulation. 
 “Permitted Investments” means investments in certificates of deposit, banker’s acceptances and time deposits maturing within 360 days from the date of acquisition thereof issued or guaranteed by or placed with, and
money market deposit accounts issued or offered by, any domestic office of any commercial bank organized or licensed under the laws of the United States of America or any State thereof which has a combined capital and surplus and undivided profits
of not less than $500,000,000. 
 “Person” means any natural person, corporation, limited liability company,
trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Prime
Rate” means the rate of interest per annum publicly announced from time to time by JPMorgan Chase Bank, N.A. as its prime rate in effect at its principal office in New York City. Each change in the Prime Rate shall be effective from and
including the date such change is publicly announced as being effective. 
 “Pro Rata Share” means, with
respect to any Issuing Bank at any time, the product of (a) the LC Cash Collateral Value at such time and (b) a fraction the numerator of which is the LC Exposure of such Issuing Bank at such time and the denominator of which is the
aggregate LC Exposure of all the Issuing Banks at such time. 
 “Related Parties” means, with respect to any
specified Person, such Person’s Affiliates and the respective directors, officers, employees, partners, trustees, agents and advisors of such Person and such Person’s Affiliates. 
  

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 “Required Issuing Banks” means, at any time, Issuing Banks having LC
Exposure representing more than 50% of the sum of the aggregate LC Exposure of all the Issuing Banks at such time. 
 “SEC” means the United States Securities and Exchange Commission. 
 “Second Amendment
Agreement” means the Second Amendment Agreement dated as of October 1, 2009, among the Borrower, the Issuing Banks, the Issuing Banks Agent and the Administrative Agent. 
 “Second Restatement Effective Date” has the meaning assigned to such term in the Second Amendment Agreement. 
 “Subordinated Debt” means the 9% Senior Subordinated Notes due 2012 in the aggregate principal amount of $300,000,000.

 “Subordinated Debt Documents” means the indenture under which the Subordinated Debt is issued and all other
instruments, agreements and other documents evidencing or governing the Subordinated Debt or providing for any guarantee or other right in respect thereof. 
 “subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited liability company, partnership, association or other entity the
accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited
liability company, partnership, association or other entity of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of
the general partnership interests are, as of such date, owned, controlled or held by the parent and/or one or more subsidiaries of the parent. 
 “Subsidiary” means any subsidiary of the Borrower. 
 “Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable
thereto. 
 “Transactions” means the execution, delivery and performance by the Borrower of the Loan Documents
and the issuance, amendment, renewal or extension of Letters of Credit hereunder. 
 “Uniform Commercial Code”
means the Uniform Commercial Code as in effect from time to time in the State of New York. 
 “Viacom LC” means
each Letter of Credit that is designated as a “Viacom LC” on Schedule 2.01 to the Second Amendment Agreement. 
  

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 SECTION 1.02. Terms Generally. The definitions of terms herein shall apply equally to
the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including”
shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise, (a) any
definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any
restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”,
“hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections and Schedules
shall be construed to refer to Articles and Sections of, and Schedules to, this Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible
and intangible assets and properties, including cash, securities, accounts and contract rights. 
 ARTICLE II 
 The Credits 
 SECTION 2.01. Letters of Credit. (a) Prior to the First Restatement Effective Date, the Issuing Banks have issued the Letters of Credit pursuant to the Original Credit Agreement. On and after the First Restatement Effective
Date, (i) no Issuing Bank has any obligation to issue any letter of credit pursuant to this Agreement (it being understood that amendments, renewals and extensions of Letters of Credit in accordance with the terms hereof shall not be deemed to
be issuances of letters of credits) and (ii) the terms and conditions of this Agreement apply to each Letter of Credit. 
 (b) Amendment, Renewal or Extension of the Letters of Credit; Certain Conditions. Subject to the terms and conditions set forth herein, the Borrower may request an amendment, renewal or extension of any outstanding Letter of Credit;
provided, however, that the Borrower may not request an increase in the amount of any Letter of Credit. To request the amendment, renewal or extension of an outstanding Letter of Credit, the Borrower shall hand deliver or fax (or
transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to the applicable Issuing Bank, the Administrative Agent and the Issuing Banks Agent (reasonably in advance of the requested date
of amendment, renewal or extension) a notice identifying the Letter of Credit to be amended, renewed or extended, and specifying the requested amendment, renewal or extension and the requested date of the effectiveness thereof (which shall be a
Business Day) and such other information as shall be necessary to amend, renew or extend such Letter of Credit. Each Issuing Bank agrees that, in the case of any request by the Borrower to extend or renew any Letter of Credit issued by such Issuing
Bank, such Issuing Bank shall, subject to Section 4.02,

  

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renew or extend such Letter of Credit as so requested; provided, however, that no Issuing Bank shall be obligated to extend or renew any Letter of Credit to a date that does not
comply with paragraph (c) of this Section. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the
Borrower to, or entered into by the Borrower with, any Issuing Bank relating to any Letter of Credit issued by such Issuing Bank, the terms and conditions of this Agreement shall control. 
 (c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one
year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (ii) the date that is five Business Days prior to the LC Termination Date with
respect to such Letter of Credit; provided, however, that any Letter of Credit may provide for automatic renewal on an annual basis so long as any such Letter of Credit expires at or prior to the date that is five Business Days prior
to the LC Termination Date with respect to such Letter of Credit. 
 (d) Disbursements. The applicable Issuing Bank
shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The applicable Issuing Bank shall promptly notify the Borrower, the Administrative Agent and the Issuing
Banks Agent by telephone (confirmed by fax) of such demand for payment, whether such Issuing Bank will make an LC Disbursement thereunder and, in the event such Issuing Bank makes such an LC Disbursement, of the making thereof and the amount of the
payment made; provided that any failure to give or delay in giving any such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank with respect to any such LC Disbursement. 
 (e) Reimbursement. If an Issuing Bank shall make any LC Disbursement, the Borrower shall reimburse such LC Disbursement by paying to
the Administrative Agent, for the account of such Issuing Bank, an amount equal to such LC Disbursement not later than (i) if the Borrower shall have received notice of such LC Disbursement prior to 12:00 noon, New York City time, on any
Business Day, then 5:00 p.m., New York City time, on the Business Day immediately following the day that the Borrower receives such notice or (ii) otherwise, 5:00 p.m., New York City time, on the second Business Day immediately following the
day that the Borrower receives such notice; provided, however, that the Borrower hereby irrevocably authorizes, instructs and directs the Issuing Banks Agent, and, on the terms and subject to the conditions set forth in paragraph
(h)(ii) of this Section, the Issuing Banks Agent hereby agrees, to make such payment on behalf of the Borrower with the LC Cash Collateral, and, to the extent such payment is so made, the Borrower’s obligation to make such payment shall be
discharged. 
 (f) Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as provided in
paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of
validity or enforceability of any Letter of Credit or this Agreement, or any

  

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term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being
untrue or inaccurate in any respect, (iii) payment by the applicable Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of Credit, or (iv) any other
event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower’s obligations
hereunder. None of the Administrative Agent, the Issuing Banks Agent, any Issuing Bank or any of their Related Parties shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or
any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other
communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of such Issuing Bank;
provided that the foregoing shall not be construed to excuse any Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the
Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by such Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the
terms thereof. The parties hereto expressly agree that, in the absence of gross negligence, bad faith or willful misconduct on the part of any Issuing Bank (as determined by a court of competent jurisdiction in a final and nonappealable judgment),
such Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face
to be in substantial compliance with the terms of a Letter of Credit, an Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or
information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 
 (g) Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless such LC Disbursement shall have been reimbursed
in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date such LC Disbursement is reimbursed in full, at the
Alternate Base Rate plus 9.00% per annum; provided that, if such LC Disbursement shall not have been reimbursed when due pursuant to paragraph (e) of this Section, then Section 2.03 shall apply. Interest accrued pursuant to
this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, and shall be payable on demand or, if no demand has been made, on the date on which the Borrower reimburses the applicable LC Disbursement in
full. 
  

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 (h) LC Cash Collateral. (i) Pursuant to the First Amendment Agreement, prior to
the First Restatement Effective Date the Borrower established the LC Cash Collateral Account and, on the First Restatement Effective Date, deposited into the LC Cash Collateral Account an amount in cash equal to 105.00% of the aggregate LC Exposure
of all the Issuing Banks as of the First Restatement Effective Date. The Issuing Banks Agent shall hold the LC Cash Collateral as collateral for the payment and performance of the obligations of the Borrower in respect of the Aggregate LC
Obligations, and the Borrower hereby grants, as security for the obligations of the Borrower in respect of the Aggregate LC Obligations, to the Issuing Banks Agent, for the benefit of the Issuing Banks, a security interest in all right, title and
interest of the Borrower, whether now owned or existing or hereafter acquired or arising, in the LC Cash Collateral Account and the LC Cash Collateral. The Issuing Banks Agent shall have exclusive dominion and control, including the exclusive right
of withdrawal, over the LC Cash Collateral Account. Without limiting the foregoing, the Issuing Banks Agent is hereby irrevocably authorized, instructed and directed by the Borrower to make such withdrawals as are described in this Section or as the
Issuing Banks Agent, in its sole discretion, determines are appropriate to satisfy any of the Aggregate LC Obligations, including obligations with respect to the payment of interest pursuant to paragraph (g) of this Section and Issuing Bank
Fees pursuant to Section 2.02(a), and each Issuing Bank hereby acknowledges the foregoing and agrees thereto. The Issuing Banks Agent shall invest funds on deposit in the LC Cash Collateral Account in one or more money market deposit accounts
offered by the entity serving as the Issuing Banks Agent or, at the discretion of the Issuing Banks Agent, any other Permitted Investment, it being agreed that such investment shall be made at the Borrower’s risk and expense. Interest or
profits, if any, on such investment shall accumulate in such account and be part of the LC Cash Collateral. 
 (ii) If an Issuing Bank shall have made an LC Disbursement, the Issuing Banks Agent shall, not later than (A) if the Issuing Banks Agent shall have received notice of such LC Disbursement prior to 12:00 noon, New York City time, on any
Business Day, then 5:00 p.m., New York City time, on the Business Day immediately following the day that the Issuing Banks Agent receives such notice, and (B) otherwise, 5:00 p.m., New York City time, on the second Business Day immediately
following the day that the Issuing Banks Agent receives such notice, withdraw from the LC Cash Collateral Account and remit to such Issuing Bank an amount equal to the lesser of (x) the amount of such LC Disbursement and (y) the LC Cash
Collateral Value at the time but not in excess, solely if the Issuing Banks Agent shall have received notice from the Borrower, the Administrative Agent or any Issuing Bank that an Event of Default has occurred and is continuing at the time, of such
Issuing Bank’s Pro Rata Share thereof at such time; provided, however, that the Issuing Banks Agent shall not be required to make any such withdrawal and remittance if it determines, in its sole discretion, that it may not do so
under applicable law. 
 (iii) In the event the Issuing Banks Agent shall have determined, based on reports
provided to the Issuing Banks Agent pursuant to paragraph (i) of this Section, that an LC Cash Collateral Deficiency exists, the Issuing Banks Agent

  

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shall promptly inform the Borrower and the Administrative Agent thereof, and the Borrower shall, within three Business Days of receiving such notice, deposit in the LC Cash Collateral Account an
amount in cash equal to the amount of such LC Cash Collateral Deficiency. 
 (iv) In the event the Issuing Banks
Agent shall have determined, based on reports provided to the Issuing Banks Agent pursuant to paragraph (i) of this Section, that an LC Cash Collateral Excess exists, the Issuing Banks Agent shall promptly inform the Borrower and the
Administrative Agent thereof and, unless the Issuing Banks Agent shall have received notice from the Borrower, the Administrative Agent or any Issuing Bank that an Event of Default has occurred and is continuing at the time, the Issuing Banks Agent
shall withdraw from the LC Cash Collateral Account and remit to the Borrower the amount of such LC Cash Collateral Excess; provided however, that the Issuing Banks Agent shall not be required to make any such withdrawal or remittance if
(A) the aggregate amount of the LC Cash Collateral Excess shall not be more than $25,000 or (B) it determines, in its sole discretion, that it may not do so under applicable law. 
 (i) Issuing Bank Reports. Each Issuing Bank shall, in addition to its notification obligations set forth elsewhere in this Section,
report in writing to the Administrative Agent and the Issuing Banks Agent (i) reasonably prior to the time that such Issuing Bank amends, renews or extends any Letter of Credit, the date of such amendment, renewal or extension and the details
thereof, (ii) on each Business Day on which such Issuing Bank makes any LC Disbursement, the date and amount of such LC Disbursement, (iii) on any Business Day on which the Borrower fails to reimburse in full an LC Disbursement required to
be reimbursed to such Issuing Bank on such day, the date of such failure and the unreimbursed amount of such LC Disbursement, (iv) on each day (or, if such day is not a Business Day, on the next following Business Day) on which the LC Exposure
of such Issuing Bank shall have reduced, the amount of such reduction and the details thereof and (v) on any other Business Day, such other information as the Administrative Agent or the Issuing Banks Agent shall reasonably request as to the
Letters of Credit issued by such Issuing Bank. The Administrative Agent and the Issuing Banks Agent shall be entitled to rely, and shall not incur any liability for relying, upon any information reported to it by the Issuing Banks pursuant to this
paragraph. Without limiting the foregoing, the Issuing Banks Agent may determine the existence of any LC Cash Collateral Deficiency or any LC Cash Collateral Excess and each Issuing Bank’s Pro Rata Share solely on the basis of the information
reported to it by the Issuing Banks pursuant to this paragraph, and shall incur no liability for any errors in such determination arising from any inaccuracy of such information. 
 (j) Cooperation. The Issuing Banks Agent shall provide to the Administrative Agent or any Issuing Bank such information with respect
to the LC Cash Collateral Account and the LC Cash Collateral as the Administrative Agent or such Issuing Bank may from time to time request. The Administrative Agent shall provide to the Issuing Banks Agent such information regarding the Issuing
Banks and the Letters of Credit as the Issuing Banks Agent may from time to time request. 
  

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 (k) Concerning Viacom LCs. The Borrower agrees that, without the prior written
consent of each Issuing Bank that shall have issued a Viacom LC outstanding at the time, (i) it shall not request an extension or renewal of any Viacom LC unless it shall have requested such an extension or renewal with respect to each Viacom
LC and (ii) it shall not request any amendment of any Viacom LC to reduce the face amount thereof unless it shall have concurrently therewith requested such amendments of one or more other Viacom LC to reduce the face amount thereof as shall be
required in order for the aggregate amount of such requested reductions to be allocated among the Issuing Banks in accordance with their pro rata share. For purposes of the foregoing, an Issuing Bank’s “pro rata share” of any such
reductions shall be determined based on the proportion the face amount of its Viacom LC as of the First Restatement Effective Date bears to the aggregate face amount of all the Viacom LCs as of the First Restatement Effective Date; provided,
however, that if, as a result of any drawing thereunder since the First Restatement Effective Date, the face amount of any Issuing Bank’s Viacom LC shall have been reduced without a corresponding reduction in the face amount of the other
Issuing Banks’ Viacom LCs, then, to the extent such drawing shall have been reimbursed, the pro rata share of such Issuing Bank shall be adjusted so that the aggregate amount of all the reductions in the aggregate face amount of the Viacom LCs
is allocated to the banks, as nearly as possible, on a pro rata basis (determined as set forth above). 
 SECTION 2.02.
Fees. (a) The Borrower agrees to pay each Issuing Bank an issuing bank fee, which shall accrue at the rate of 2.00% per annum on the outstanding undrawn amount of Letters of Credit issued by such Issuing Bank during the period from
and including the First Restatement Effective Date to but excluding the date on which there ceases to be any outstanding Letters of Credit issued by such Issuing Bank, as well as the applicable Issuing Bank’s standard and customary fees with
respect to the amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Issuing Bank Fees accrued through and including the last day of each calendar month shall be payable on the third Business Day following
such last day, commencing on the first such date to occur after the First Restatement Effective Date. Any other fees payable to the applicable Issuing Bank pursuant to this paragraph shall be payable within 10 days after written demand. All Issuing
Bank Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 
 (b) The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately
agreed upon in writing between the Borrower and the Administrative Agent. 
 (c) All fees payable hereunder shall be paid on the
dates due, in immediately available funds, to the Issuing Banks or the Administrative Agent, as applicable. Fees paid shall not be refundable under any circumstances. 
 SECTION 2.03. Default Interest. Notwithstanding anything to the contrary herein, (a) if any LC Disbursement shall not have been reimbursed when due pursuant to Section 2.01(e), such
overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to 2.00% plus the rate otherwise applicable to

  

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such LC Disbursement pursuant to Section 2.01(g) and (b) if any interest or any fee or other amount payable by the Borrower hereunder (other than any LC Disbursement) is not paid when
due, whether upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at the Alternate Base Rate plus 11.00% per annum, from the date overdue until such amount is paid. 
 SECTION 2.04. Increased Costs. (a) If any Change in Law shall: 
 (i) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with
or for the account of, or credit extended by, any Issuing Bank; or 
 (ii) impose on any Issuing Bank any other
condition affecting this Agreement or any Letter of Credit; 
 and the result of any of the foregoing shall be to increase the cost to such
Issuing Bank of maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Issuing Bank hereunder (whether of interest or otherwise), then the Borrower will pay to such Issuing Bank such additional amount or
amounts as will compensate such Issuing Bank for such additional costs incurred or reduction suffered. 
 (b) If any Issuing
Bank determines that any Change in Law regarding capital requirements has or would have the effect of reducing the rate of return on such Issuing Bank’s capital or on the capital of such Issuing Bank’s holding company, if any, as a
consequence of this Agreement or the Letters of Credit issued by such Issuing Bank, to a level below that which such Issuing Bank or such Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration
such Issuing Bank’s policies and the policies of such Issuing Bank’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Issuing Bank such additional amount or amounts as will compensate
such Issuing Bank or such Issuing Bank’s holding company for any such reduction suffered. 
 (c) A certificate of an
Issuing Bank setting forth (i) the amount or amounts necessary to compensate such Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section and (ii) that is such Issuing
Bank’s customary practice, from and after the date of such certificate, to charge its borrowers for such increased costs incurred by such Issuing Bank shall be delivered to the Borrower and shall be conclusive absent manifest error. The
Borrower shall pay such Issuing Bank the amount shown as due on any such certificate within 10 days after receipt thereof. 
 (d) Failure or delay on the part of any Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of such Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be
required to compensate an Issuing Bank pursuant to this Section for any increased costs or reductions incurred more than 30 days prior to the date that such Issuing Bank notifies the Borrower of the Change in Law giving rise to such increased costs
or reductions and of such Issuing Bank’s intention to claim compensation therefor. 
  

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 SECTION 2.05. Taxes. (a) Any and all payments by or on account of any obligation
of the Borrower hereunder or under any other Loan Document shall be made free and clear of and without deduction for any Indemnified Taxes or Other Taxes; provided that if the Borrower shall be required to deduct any Indemnified Taxes or
Other Taxes from such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, the
Issuing Banks Agent and each Issuing Bank receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall pay the full amount deducted
to the relevant Governmental Authority in accordance with applicable law. 
 (b) In addition, the Borrower shall pay any Other
Taxes (not already paid pursuant to paragraph (a)(iii) of this Section) to the relevant Governmental Authority in accordance with applicable law. 
 (c) The Borrower shall indemnify the Administrative Agent, the Issuing Banks Agent and each Issuing Bank, within 10 days after written demand therefor, for the full amount of any Indemnified Taxes or
Other Taxes paid by the Administrative Agent, the Issuing Banks Agent or such Issuing Bank, as the case may be, on or with respect to any payment by or on account of any obligation of the Borrower hereunder or under any other Loan Document
(including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section), whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by the applicable Issuing Bank or the Issuing Banks Agent, or by the Administrative Agent on its own behalf or on behalf of an Issuing
Bank, shall be conclusive absent manifest error. Notwithstanding the foregoing, the Borrower shall have no liability pursuant to this paragraph to indemnify the Administrative Agent, the Issuing Banks Agent or an Issuing Bank for Indemnified Taxes
or Other Taxes that were paid by the Administrative Agent, the Issuing Banks Agent or such Issuing Bank, as the case may be, more than 90 days prior to written demand for indemnification. 
 (d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower
shall deliver to the Administrative Agent the original or a certified copy of a receipt, if any, issued by such Governmental Authority evidencing such payment, a copy of the return, if any, reporting such payment or other evidence of such payment
reasonably satisfactory to the Administrative Agent. 
 (e) If the Administrative Agent, the Issuing Banks Agent or any Issuing
Bank determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to

  

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which the Borrower has paid additional amounts pursuant to this Section, it shall pay over such refund to the Borrower (but only to the extent of indemnity payments made, or additional amounts
paid, by the Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all reasonable out-of-pocket expenses of the Administrative Agent, the Issuing Banks Agent or such Issuing Bank and without
interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, that the Borrower, upon the request of the Administrative Agent, the Issuing Banks Agent or such Issuing Bank agrees to
repay the amount paid over to the Borrower (plus any interest imposed by the relevant Governmental Authority) by the Administrative Agent, the Issuing Banks Agent or such Issuing Bank in the event the Administrative Agent, the Issuing Banks Agent or
such Issuing Bank is required to repay such refund to such Governmental Authority. This Section shall not be construed to require the Administrative Agent, the Issuing Banks Agent or any Issuing Bank to make available its tax returns (or any other
information relating to its taxes which it deems confidential) to the Borrower or any other Person. 
 (f) Notwithstanding any
provision of the Loan Documents to the contrary, this Section shall be the sole provision governing indemnities and claims for Indemnified Taxes and Other Taxes under the Loan Documents. 
 SECTION 2.06. Payments Generally. (a) The Borrower shall make each payment required to be made by it hereunder or under any
other Loan Document (whether of interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.05 or 2.05, or otherwise) prior to the time expressly required hereunder or under such other Loan Document for such
payment (or, if no such time is expressly required, prior to 12:00 noon, New York City time), on the date when due, in immediately available funds, without set-off or counterclaim. Any amounts received after such time on any date may, in the
discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at 270 Park Avenue,
New York, New York, except payments to be made directly to an Issuing Bank or the Issuing Banks Agent as expressly provided herein and except that payments pursuant to Sections 2.04, 2.05 and 9.03 shall be made directly to the Persons entitled
thereto and payments pursuant to other Loan Documents shall be made to the Persons specified therein. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient
promptly following receipt thereof. If any payment under any Loan Document shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing
interest, interest thereon shall be payable for the period of such extension. All payments under each Loan Document shall be made in dollars. 
 (b) Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of an Issuing Bank hereunder,
that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such

  

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assumption, distribute to the applicable Issuing Bank the amount due. In such event, if the Borrower has not in fact made such payment, then such Issuing Bank agrees to repay to the
Administrative Agent forthwith on demand the amount so distributed to such Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent
at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 
 (c) If any Issuing Bank shall fail to make any payment required to be made by it pursuant to paragraph (b) of this Section or Section 9.03(c), then the Administrative Agent may, in its
discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Issuing Bank to satisfy such Issuing Bank’s obligations under such Sections until all such
unsatisfied obligations are fully paid. 
 ARTICLE III 
 Representations and Warranties 
 The Borrower
represents and warrants to the Issuing Banks that: 
 SECTION 3.01. Organization; Powers. The Borrower is duly organized,
validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization, as applicable, has all requisite power and authority to carry on its business as now conducted and, except where the failure to do so,
individually or in the aggregate, has not had and would not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required.

 SECTION 3.02. Authorization; Enforceability. The Transactions to be entered into by the Borrower are within the
Borrower’s corporate or other organizational powers and have been duly authorized by all necessary corporate or other organizational and, if required, stockholder action. Each of the First Amendment Agreement and the Second Amendment Agreement
has been duly executed and delivered by the Borrower, and the First Amendment Agreement, the Second Amendment Agreement and this Agreement constitute, and each other Loan Document constitutes or, when executed and delivered by the Borrower will
constitute, a legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and
subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 
 SECTION 3.03.
Governmental Approvals; No Conflicts. The Transactions (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or

  

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made and are in full force and effect and except filings necessary to perfect Liens created under the Loan Documents, (b) do not and will not violate any applicable law or regulation or
order of any Governmental Authority (except where such violation has not resulted, and would not reasonably be expected to result in, a Material Adverse Effect) or the charter, by-laws or other organizational documents of the Borrower or any of the
Subsidiaries, (c) do not and will not violate or result in a default under any indenture or any other material agreement or instrument binding upon the Borrower or any of the Subsidiaries or its assets, or give rise to a right thereunder to
require any payment to be made by the Borrower or any of the Subsidiaries, and (d) do not and will not result in the creation or imposition of any Lien on any asset of the Borrower or any of the Subsidiaries, except Liens created under the Loan
Documents or otherwise permitted under Article VI. 
 SECTION 3.04. Litigation Matters. There are no actions, suits or
proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Borrower, threatened against or affecting the Borrower or any of the Subsidiaries that involve any of the Loan Documents or the
Transactions. 
 SECTION 3.05. Use of Proceeds. The Letters of Credit were issued only for the purposes set forth in the
Original Credit Agreement. 
 SECTION 3.06. Senior Indebtedness. The Aggregate LC Obligations constitute “Senior
Indebtedness” under and as defined in the Subordinated Debt Documents. 
 SECTION 3.07. Security Interest. The
Borrower is the legal and beneficial owner of the LC Cash Collateral Account and the LC Cash Collateral, free and clear of any Lien other than the Liens created under the Loan Documents and the Permitted Encumbrances. This Agreement and the
Additional Security Agreements are effective to create in favor of the Issuing Banks Agent, for the benefit of the Issuing Banks, a valid, enforceable and fully perfected security interest in and Lien on all right, title and interest of the Borrower
in the LC Cash Collateral Account and the LC Cash Collateral, in each case prior and superior in right to any other Person, other than any Permitted Encumbrance. 
 ARTICLE IV 
 Conditions 
 SECTION 4.01. Second Restatement Effective Date. The effectiveness of the amendment and restatement of the Existing Credit Agreement,
in the form of this Agreement is subject to the satisfaction of the conditions precedent set forth in Section 4 of the Second Amendment Agreement. 
 SECTION 4.02. Each Credit Event. The obligation of an Issuing Bank to amend, renew or extend any Letter of Credit is subject to the satisfaction of the condition

  

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that, at the time of and immediately after giving effect to such amendment, renewal or extension of such Letter of Credit, no Default shall have occurred and be continuing. Each amendment,
renewal or extension of a Letter of Credit shall be deemed to constitute a representation and warranty to the Issuing Bank that shall have issued such Letter of Credit by the Borrower on the date thereof as to the matters specified in this Section.

 ARTICLE V 
 Affirmative Covenants 
 Until all Letters of Credit shall have expired or terminated and all LC Disbursements
shall have been reimbursed, the Borrower covenants and agrees with the Issuing Banks that: 
 SECTION 5.01. Notices of
Material Events. The Borrower will furnish to the Administrative Agent and the Issuing Banks Agent, promptly after any Financial Officer or other executive officer of the Borrower becomes aware thereof, written notice of the occurrence of any
Default. Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer or other executive officer of the Borrower setting forth the details of the event or development requiring such notice and any action taken
or proposed to be taken with respect thereto. 
 SECTION 5.02. Information Regarding Collateral. The Borrower will
furnish to the Administrative Agent and the Issuing Banks Agent, in each case within 30 days of the effectiveness of any such change, written notice of any change in (a) the Borrower’s legal name, (b) the Borrower’s identity,
form of organization or jurisdiction of organization or (c) the Borrower’s Federal Taxpayer Identification Number or identifying number (if any) assigned by the jurisdiction of its organization. 
 SECTION 5.03. Existence. The Borrower will do or cause to be done all things necessary to preserve, renew and keep in full force and
effect its legal existence. 
 SECTION 5.04. Further Assurances. (a) The Borrower will maintain the security
interests in the LC Cash Collateral Account and the LC Cash Collateral created under this Agreement and the other Loan Documents as first priority, perfected security interests. 
 (b) The Borrower will defend the right, title and interest of the Issuing Banks Agent in and to the LC Cash Collateral Account and the LC
Cash Collateral against the claims and demands of all Persons. The Borrower will execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of
financing statements and other documents), that may be required under any applicable law, or that the Issuing Banks Agent may reasonably request, to maintain the security interest in the LC Cash Collateral Account and the LC Cash Collateral, all at
the expense of the Borrower. The Borrower also agrees to provide to the Issuing Banks Agent, from time to time upon request, evidence reasonably satisfactory to the Issuing Banks Agent as to the perfection and priority of the Liens created or
intended to be created under this Agreement and the other Loan Documents. 
  

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 (c) The Borrower will promptly furnish to the Administrative Agent, the Issuing Banks Agent
or any Issuing Bank such information regarding the operations, business affairs and financial condition of the Borrower or any Subsidiary, or compliance with the terms of any Loan Document, as the Administrative Agent, the Issuing Banks Agent or
such Issuing Bank may reasonably request at any time and from time to time during the occurrence and continuance of a Default or an Event of Default. 
 ARTICLE VI 
 Negative Covenant 
 Until all Letters of Credit have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrower covenants and
agrees with the Issuing Banks that the Borrower will not, and will not permit any Subsidiary to, (a) sell, assign, transfer, exchange or otherwise dispose of the LC Cash Collateral Account or the LC Cash Collateral, except as expressly provided
in Section 2.01, or (b) create, incur, assume or permit to exist any Lien on the LC Cash Collateral Account or any LC Cash Collateral, or rights in respect of any thereof, except the Liens created under the Loan Documents and the Permitted
Encumbrances. 
 ARTICLE VII 
 Events of Default 
 SECTION 7.01. Events of Default. If any of the
following events (“Events of Default”) shall occur: 
 (a) the Borrower shall fail to pay any
reimbursement obligation in respect of any LC Disbursement when and as the same shall become due and payable; 
 (b) the Borrower shall fail to pay any interest or fee payable under this Agreement, or shall have failed to make any deposit required to be made pursuant to Section 2.01(h)(iii), in each case when and as the same shall come due and
payable or shall be required to be so made, and such failure shall continue unremedied for a period of five days, or the Borrower shall fail to pay any other amount (other than an amount referred to in clause (a) above) payable under this
Agreement or any other Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of 10 days; 
 (c) any representation or warranty made or deemed made by or on behalf of the Borrower in or in connection with any Loan
Document or any amendment

  

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or modification thereof or waiver thereunder, or in any document furnished in writing pursuant to or in connection with any Loan Document or any amendment or modification thereof or waiver
thereunder, shall prove to have been incorrect in any material respect when made or deemed made; 
 (d) the
Borrower shall fail to observe or perform any covenant, condition or agreement contained in Section 5.01, 5.02, 5.03 or 5.04(a) or in Article VI; 
 (e) the Borrower shall fail to observe or perform any covenant, condition or agreement contained in any Loan Document (other than those specified in clause (a), (b) or (d) above), and such
failure shall continue unremedied for a period of 30 days after written notice thereof from the Administrative Agent to the Borrower (which notice will be given at the request of any Issuing Bank); 
 (f) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation,
reorganization or other relief in respect of the Borrower or any Material Subsidiary or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in
effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Material Subsidiary or for a substantial part of its assets, and, in any such case, such proceeding or
petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 
 (g) the Borrower or any Material Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign
bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (f) above,
(iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Material Subsidiary or for a substantial part of its assets, (iv) file an answer
admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing; 
 (h) the Borrower or any Material Subsidiary shall become unable, admit in writing its inability or fail generally to pay its
debts as they become due; or 
 (i) any Lien purported to be created under any Loan Document shall cease to be,
or shall be asserted by the Borrower not to be, a valid and perfected Lien, with the priority required by the applicable Loan Document; 
 then,
and in every such event (other than an event with respect to the Borrower described in clause (f) or (g) above), and at any time thereafter during (but only during) the continuance of such event, the Administrative Agent shall at the
request of the Required Issuing Banks or may with the Required Issuing Banks’ written consent, by notice to the

  

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Borrower, declare the Obligations then outstanding to be due and payable in whole, and thereupon the Obligations so declared to be due and payable shall become due and payable immediately,
without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and in case of any event with respect to the Borrower described in clause (f) or (g) above, the Obligations then outstanding
shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower. 
 SECTION 7.02. Remedies upon Event of Default. Upon the occurrence and during the continuation of an Event of Default: 
 (a) the Issuing Banks Agent shall have the right, without notice or demand to the Borrower, and at any time or from time to
time, to charge, set-off or otherwise apply all or part of the Obligations against the LC Cash Collateral or any part thereof; 
 (b) the Issuing Banks Agent may exercise in respect of the LC Cash Collateral Account or the LC Cash Collateral all the rights and remedies of a secured party on default under the Uniform Commercial Code
in effect in the State of New York, including the sale, collection or other realization, at any time or from time to time, on the LC Cash Collateral Account, the LC Cash Collateral or any part thereof on such other terms as the Issuing Banks Agent
may deem commercially reasonable and without notice or demand to the Borrower except to the extent required by law (and, if any such notice may be required by law, the Borrower agrees that at least 10 days’ prior written notice shall constitute
reasonable notification); and 
 (c) the Issuing Banks Agent may apply (and, subject to Section 2.01(h),
shall have absolute discretion as to the time of application) any LC Cash Collateral held by the Issuing Banks Agent, and all cash proceeds received by the Issuing Banks Agent in respect of any sale of, collection from or other realization upon all
or any part of the LC Cash Collateral Account or the LC Cash Collateral against, all or any part of the Obligations (the amounts so applied to be distributed among the Issuing Banks pro rata in accordance with the amounts of such obligations owed to
them on the date of any such distribution). 
 SECTION 7.03. Issuing Banks Agent Appointed Attorney-in-Fact. The Borrower
hereby appoints the Issuing Banks Agent the attorney-in-fact of the Borrower for the purpose of carrying out the provisions of this Article and of the Additional Security Agreements and taking any action and executing any instrument that the Issuing
Banks Agent may deem necessary or advisable to accomplish the purposes of this Article or of the Additional Security Agreements, which appointment is irrevocable and coupled with an interest. Without limiting the generality of the foregoing, the
Issuing Banks Agent shall have the right, upon the occurrence and during the continuance of an Event of Default, with full power of substitution either in the Issuing Banks Agent’s name or in the name of the Borrower (a) to receive,
endorse, assign and/or deliver any and all notes, acceptances, checks, drafts, money orders or other evidences of payment relating to the

  

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LC Cash Collateral Account or the LC Cash Collateral or any part thereof; (b) to demand, collect, receive payment of, give receipt for and give discharges and releases of the LC Cash
Collateral Account or the LC Cash Collateral or any part thereof; (c) to commence and prosecute any and all suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect or otherwise realize on the LC Cash
Collateral Account or the LC Cash Collateral or any part thereof or to enforce any rights in respect of the LC Cash Collateral Account or the LC Cash Collateral or any part thereof; (d) to settle, compromise, compound, adjust or defend any
actions, suits or proceedings relating to the LC Cash Collateral Account or the LC Cash Collateral or any part thereof; and (e) to use, sell, assign, transfer, pledge, make any agreement with respect to or otherwise deal with the LC Cash
Collateral Account or the LC Cash Collateral or any part thereof, and to do all other acts and things necessary to carry out the purposes of this Article and of the Additional Security Agreements, as fully and completely as though the Issuing Banks
Agent were the absolute owner of the LC Cash Collateral Account and the LC Cash Collateral for all purposes; provided that nothing herein contained shall be construed as requiring or obligating the Issuing Banks Agent to make any commitment
or to make any inquiry as to the nature or sufficiency of any payment received by the Issuing Banks Agent, or to present or file any claim or notice, or to take any action with respect to the LC Cash Collateral Account or the LC Cash Collateral or
any part thereof or the moneys due or to become due in respect thereof or any property covered thereby. The Issuing Banks Agent and the Issuing Banks shall be accountable only for amounts actually received as a result of the exercise of the powers
granted to them under this Article, and neither they nor any of their Related Parties shall be responsible to the Borrower for any act or failure to act under this Article, except to the extent of their own gross negligence or willful misconduct, as
determined by a court of competent jurisdiction in a final, non-appealable judgment. 
 ARTICLE VIII 
 The Agents 
 Each of the Issuing Banks hereby irrevocably appoints the entity named as Administrative Agent in the heading of this Agreement to serve as administrative agent hereunder and under the other Loan Documents, and authorizes such entity to
take such actions and to exercise such powers as are delegated to the Administrative Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. 
 Each of the Issuing Banks hereby irrevocably appoints the entity named as Issuing Banks Agent in the heading of this Agreement to serve as
the issuing banks agent hereunder and under the other Loan Documents and authorizes such entity to take such actions and to exercise such powers as are delegated to the Issuing Banks Agent by the terms of the Loan Documents, together with such
actions and powers as are reasonably incidental thereto. 
  

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 The Person serving as the Administrative Agent or the Issuing Banks Agent hereunder shall
have the same rights and powers in its capacity as an Issuing Bank as any other Issuing Bank and may exercise the same as though it were not the Administrative Agent or the Issuing Banks Agent, and such Person and its Affiliates may accept deposits
from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent
or the Issuing Banks Agent hereunder and without any duty to account therefor to the Issuing Banks. 
 The Administrative Agent
and the Issuing Banks Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) neither the Administrative Agent nor the Issuing Banks Agent
shall be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) neither the Administrative Agent nor the Issuing Banks Agent shall have any duty to take any discretionary action or
to exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise in writing by the Required Issuing Banks (or such other number or
percentage of the Issuing Banks as shall be necessary under the circumstances as provided in Section 9.02) or that the Issuing Banks Agent is required to exercise, provided that neither the Administrative Agent nor the Issuing Banks
Agent shall be required to take any action that, in its opinion, could expose the Administrative Agent or the Issuing Banks Agent, as the case may be, to liability or be contrary to any Loan Document or applicable law, and (c) except as
expressly set forth in the Loan Documents, neither the Administrative Agent nor the Issuing Banks Agent shall have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of the
Subsidiaries that is communicated to or obtained by the Person serving as Administrative Agent, the Issuing Banks Agent or any of their Related Parties in any capacity. The Administrative Agent and the Issuing Banks Agent shall not be liable for any
action taken or not taken by it with the consent or at the request of the Required Issuing Banks (or such other number or percentage of the Issuing Banks as shall be necessary, or as the Administrative Agent or the Issuing Banks Agent, as the case
may be, shall believe in good faith to be necessary, under the circumstances as provided in Section 9.02) or in the absence of its own gross negligence or willful misconduct. Neither the Administrative Agent nor the Issuing Banks Agent shall be
deemed to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent or the Issuing Banks Agent by the Borrower or an Issuing Bank, and neither the Administrative Agent nor the Issuing Banks Agent
shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered
thereunder or in connection therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of
any Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered
to the Administrative Agent or the Issuing Banks Agent, as applicable. 
  

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 The Administrative Agent and the Issuing Banks Agent shall be entitled to rely upon, and
shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The Administrative Agent
and Issuing Banks Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. Each of the Administrative Agent and the Issuing
Banks Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such
counsel, accountants or experts. 
 Each of the Administrative Agent and the Issuing Banks Agent may perform any and all its
duties and exercise its rights and powers by or through any one or more sub-agents appointed by it. The Administrative Agent, the Issuing Banks Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers
through their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of the Administrative Agent, the Issuing Banks Agent and any such sub-agent, and shall
apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent or Issuing Banks Agent, as applicable. 
 Without limiting the foregoing, the Issuing Banks Agent may appoint any Issuing Bank as a sub-agent of the Issuing Banks Agent for the
purpose of holding any LC Cash Collateral. Each Issuing Bank agrees that, notwithstanding any such appointment of an Issuing Bank as a sub-agent of the Issuing Banks Agent, the Issuing Banks Agent shall retain exclusive dominion and control,
including the exclusive right of withdrawal, over the LC Cash Collateral Account (which term, for purposes of this paragraph and each other provision hereof, shall include any deposit or other account in which any such sub-agent holds any LC Cash
Collateral) and the LC Cash Collateral (which term, for the avoidance of doubt, shall include any portion thereof held by any sub-agent of the Issuing Banks Agent), except to the extent such dominion and control shall have been delegated to such
Issuing Bank as a sub-agent of the Issuing Banks Agent. 
 Subject to the appointment and acceptance of a successor to the
Administrative Agent as provided in this paragraph, the Administrative Agent may resign at any time by notifying the Issuing Banks, the Issuing Banks Agent and the Borrower. Upon any such resignation, the Required Issuing Banks shall have the right,
with the Borrower’s consent (which consent shall not be unreasonably withheld or delayed), to appoint a successor. If no successor shall have been so appointed by the Required Issuing Banks and shall have accepted such appointment within
30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative

  

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Agent may, on behalf of the Issuing Banks, appoint a successor Administrative Agent which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. Upon the
acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring
Administrative Agent shall be discharged from its duties and obligations hereunder. The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the
Borrower and such successor. After the Administrative Agent’s resignation hereunder, the provisions of this Article and Section 9.03 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their
respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Administrative Agent. 
 Subject to the appointment and acceptance of a successor to the Issuing Banks Agent as provided in this paragraph, the Issuing Banks Agent may resign at any time by notifying the Administrative Agent, the
Issuing Banks and the Borrower. Upon any such resignation, the Issuing Banks shall have the right, with the Borrower’s consent (which consent shall not be unreasonably withheld or delayed), to appoint a successor. If no successor shall have
been so appointed by the Issuing Banks and shall have accepted such appointment within 30 days after the retiring Issuing Banks Agent gives notice of its resignation, then the retiring Issuing Banks Agent may, on behalf of the Issuing Banks,
appoint a successor Issuing Banks Agent which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as Issuing Banks Agent hereunder by a successor, such successor shall
succeed to and become vested with all the rights, powers, privileges and duties of the retiring Issuing Banks Agent, and the retiring Issuing Banks Agent shall be discharged from its duties and obligations hereunder. After the Issuing Banks
Agent’s resignation hereunder, the provisions of this Article and Section 9.03 shall continue in effect for the benefit of such retiring Issuing Banks Agent, its sub-agents and their respective Related Parties in respect of any actions
taken or omitted to be taken by any of them while it was acting as Issuing Banks Agent. 
 Each Issuing Bank acknowledges that
it has, independently and without reliance upon the Administrative Agent, the Issuing Banks Agent, any other Issuing Bank and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter
into this Agreement. Each Issuing Bank also acknowledges that it will, independently and without reliance upon the Administrative Agent, the Issuing Banks Agent or any other Issuing Bank and based on such documents and information as it shall from
time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. 
  

 26 

 ARTICLE IX 
 Miscellaneous 
 SECTION 9.01. Notices. Except in the case of notices
and other communications expressly permitted to be given by telephone, all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail
or sent by fax, as follows: 
 (a) if to the Borrower, to it at 1201 Elm Street, Suite 2100; Dallas, Texas 75270,
Attention of Treasurer (Fax No. 214-854-3599), and if such notice is in respect of a Default or an Event of Default with a copy to the same address, Attention of General Counsel (Fax No. (214) 854-3677); 
 (b) if to the Administrative Agent, to JPMorgan Chase Bank, N.A., Loan and Agency Services Group, 1111 Fannin, 10th Floor,
Houston, Texas 77002, Attention of Mr. Thai Pham (Fax No. (713) 750-2956), with a copy to JPMorgan Chase Bank, N.A., 270 Park Avenue, New York, New York 10017, Attention of Mr. Barry Bergman (Fax No. (212) 270-6637); 

(c) if to the Issuing Banks Agent, to JPMorgan Chase Bank, N.A., Loan and Agency Services Group, 1111 Fannin, 10th Floor,
Houston, Texas 77002, Attention of Mr. Thai Pham (Fax No. (713) 750-2956), with a copy to JPMorgan Chase Bank, N.A., 270 Park Avenue, New York, New York 10017, Attention of Mr. Barry Bergman (Fax No. (212) 270-6637); and

 (d) if to any Issuing Bank, to it at the address most recently specified by it in a notice delivered to the
Administrative Agent, the Issuing Banks Agent and the Borrower. 
 Any party hereto may change its address or fax number for notices and other
communications hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt. 

SECTION 9.02. Waivers; Amendments. (a) No failure or delay by the Administrative Agent, the Issuing Banks Agent or any
Issuing Bank in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce
such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Banks Agent and the Issuing Banks hereunder and under the other Loan
Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of any Loan Document or consent to any departure by the Borrower therefrom shall in any event be effective unless the
same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance

  

 27 

 
and for the purpose for which given. Without limiting the generality of the foregoing, the amendment, renewal or extension of a Letter of Credit shall not be construed as a waiver of any Default,
regardless of whether the Administrative Agent, the Issuing Banks Agent or the applicable Issuing Bank may have had notice or knowledge of such Default at the time. 
 (b) Neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended or modified except, in the case of this Agreement, pursuant to an agreement or agreements
in writing entered into by the Borrower, the Issuing Banks Agent and the Required Issuing Banks or, in the case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by the Issuing Banks Agent and the Borrower,
in each case with the consent of the Required Issuing Banks; provided that no such agreement shall (i) increase the amount of any Letter of Credit without the written consent of the Issuing Bank that is the issuer thereof,
(ii) reduce the amount of any LC Disbursement or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Issuing Bank affected thereby, (iii) postpone the LC Termination Date or the
required date of reimbursement of any LC Disbursement, or any date for the payment of any interest or fees payable hereunder, or reduce the amount of, waive or excuse any such payment, without the written consent of each Issuing Bank affected
thereby, (iv) change any of the provisions of this Section or the percentage set forth in the definition of the term “Required Issuing Banks” or any other provision of any Loan Document specifying the number or percentage of Issuing
Banks required to waive, amend or modify any rights thereunder or make any determination or grant any consent thereunder, without the written consent of each Issuing Bank, (v) change the definition of the term “Pro Rata Share” without
the written consent of each Issuing Bank, (vi) change any of the provisions of clause (y) of Section 2.01(h)(ii) without the written consent of each Issuing Bank affected thereby, (vii) change any of the provisions of
Section 2.01(k) without the written consent of each Issuing Bank that shall have issued a Viacom LC outstanding at such time, (viii) except as expressly provided herein, release the LC Cash Collateral Account or any LC Cash Collateral from
the Liens of any Loan Document without the written consent of each Issuing Bank or (ix) change any provision of any Loan Document in a manner that by its terms adversely affects the rights in respect of payments due to one or more Issuing Banks
differently than those of the other Issuing Banks, without the written consent of each such affected Issuing Bank; provided further that (A) no such agreement shall amend, modify or otherwise affect the rights or duties of the
Administrative Agent or the Issuing Banks Agent without the prior written consent of the Administrative Agent or the Issuing Banks Agent, as the case may be, (B) any waiver, amendment or modification of this Agreement that by its terms affects
the rights or duties under this Agreement of any Issuing Bank (but not any other Issuing Bank) may be effected by an agreement or agreements in writing entered into by the Borrower and such affected Issuing Bank and (C) any Additional Security
Agreement may be waived, amended or modified in accordance with the terms thereof. 
 SECTION 9.03. Expenses; Indemnity;
Damage Waiver. (a) The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the

  

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Administrative Agent, the Issuing Banks Agent and their Affiliates, including the reasonable fees, charges and disbursements of counsel in connection with the preparation and administration of
the Loan Documents or any amendments, modifications or waivers of the provisions thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses incurred by the Issuing
Banks in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all reasonable out-of-pocket expenses incurred by the Administrative Agent, the Issuing Banks Agent or
any Issuing Bank, including the reasonable fees, charges and disbursements of any counsel for the Administrative Agent, the Issuing Banks Agent or any Issuing Bank, in connection with the enforcement or protection of its rights in connection with
the Loan Documents, including its rights under this Section, or in connection with the Letters of Credit issued hereunder, including all such reasonable out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of
such Letters of Credit. 
 (b) The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), the Issuing
Banks Agent (and any sub-agent thereof), each Issuing Bank, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”), against, and hold each Indemnitee harmless from, any and all losses,
claims, damages, liabilities and related expenses, including the fees, charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the
execution or delivery of any Loan Document or any other agreement or instrument contemplated hereby, the performance by the parties to the Loan Documents of their obligations thereunder or the consummation of the Transactions or any other
transactions contemplated hereby, (ii) any Letter of Credit or the use of the proceeds therefrom (including any refusal by an Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such
demand do not strictly comply with the terms of such Letter of Credit) or (iii) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory and
whether initiated against or by any party to this Agreement or any other Loan Document, any Affiliate of any of the foregoing or any third party (and regardless of whether any Indemnitee is a party thereto); provided that such indemnity shall
not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross
negligence, bad faith or willful misconduct of such Indemnitee. 
 (c) To the extent that the Borrower fails to pay any amount
required to be paid by it to the Administrative Agent under paragraph (a) or (b) of this Section, each Issuing Bank severally agrees to pay to the Administrative Agent such Issuing Bank’s pro rata share (determined as of the time that
the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or
asserted against the Administrative Agent in its capacity as such. For purposes hereof, an Issuing Bank’s “pro rata share” shall be determined based upon its share of the sum of the aggregate LC Exposures at the time. 
  

 29 

 (d) To the extent that the Borrower fails to pay any amount required to be paid by it to the
Issuing Banks Agent under paragraph (a) or (b) of this Section, each Issuing Bank severally agrees to pay to the Issuing Banks Agent such Issuing Bank’s pro rata share (determined as of the time that the applicable unreimbursed
expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Issuing Banks
Agent in its capacity as such. For purposes hereof, an Issuing Bank’s “pro rata share” shall be determined based upon its share of the sum of the aggregate LC Exposures at the time. 
 (e) To the extent permitted by applicable law, the Borrower shall not assert, and the Borrower hereby waives, any claim against any
Indemnitee (i) for any damages arising solely from the use by others of information or other materials obtained through telecommunications, electronic or other information transmission systems (including the Internet), except to the extent that
such claims arise from a breach by the Indemnitee of any Loan Document or from the gross negligence, bad faith or willful misconduct of such Indemnitee, or (ii) on any theory of liability, for special, indirect, consequential or punitive
damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the Transactions, any Letter of Credit or
the use of the proceeds thereof. 
 (f) All amounts due under this Section shall be payable not later than 10 days after written
demand therefor. 
 SECTION 9.04. Successors and Assigns. The provisions of this Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of
each Issuing Bank (and any attempted assignment or transfer by the Borrower without such consent shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto,
their successors and assigns permitted hereby, and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Banks Agent and the Issuing Banks) any legal or equitable right, remedy or claim
under or by reason of this Agreement. 
 SECTION 9.05. Survival. All covenants, agreements, representations and
warranties made by the Borrower in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other
parties hereto and shall survive the execution and delivery of the Loan Documents and the issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative
Agent, the Issuing Banks Agent or any Issuing Bank may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as any fee
or any other amount payable under this

  

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Agreement is outstanding and unpaid or any Letter of Credit is outstanding. The provisions of Sections 2.04, 2.05 and 9.03 and Article VIII shall survive and remain in full force and effect
regardless of the consummation of the transactions contemplated hereby, the expiration or termination of the Letters of Credit or the termination of this Agreement or any provision hereof. 
 SECTION 9.06. Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties
hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents and any separate letter agreements with respect to fees
or expense reimbursements payable to the Administrative Agent or any arranger of the credit facilities contemplated hereby constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous
agreements and understandings, oral or written, relating to the subject matter hereof. This Agreement shall become effective as provided in the Second Amendment Agreement, and thereafter shall be binding upon and inure to the benefit of the parties
hereto and their successors and assigns. 
 SECTION 9.07. Severability. Any provision of this Agreement held to be
invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining
provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
 SECTION 9.08. Right of Setoff. If an Event of Default shall have occurred and be continuing, each Issuing Bank and any Affiliate thereof is hereby authorized at any time and from time to time, to
the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Issuing Bank or any such Affiliate to or for
the credit or the account of the Borrower against any of and all the Obligations held by such Issuing Bank, irrespective of whether or not such Issuing Bank shall have made any demand under this Agreement and although such Obligations may be
unmatured. The rights of each Issuing Bank under this Section are in addition to other rights and remedies (including other rights of setoff) which such Issuing Bank may have. 
 SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process. (a) This Agreement shall be construed in accordance
with and governed by the law of the State of New York. 
 (b) The Borrower hereby irrevocably and unconditionally submits, for
itself and its property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any
thereof, in any action or proceeding arising out of or relating to any Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and

  

 31 

 
unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal
court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement
or any other Loan Document shall affect any right that the Administrative Agent, the Issuing Banks Agent or any Issuing Bank may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against the
Borrower or its properties in the courts of any jurisdiction. 
 (c) The Borrower hereby irrevocably and unconditionally waives,
to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any
court referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such
court. 
 (d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in
Section 9.01, such service to be effective upon receipt. Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 
 SECTION 9.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 SECTION 9.11. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration
in interpreting, this Agreement. 
 SECTION 9.12. Confidentiality. Each of the Administrative Agent, the Issuing Banks
Agent and the Issuing Banks agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Related Parties, including accountants, legal counsel and other advisors (it being

  

 32 

 
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the
extent requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or
regulations or by any subpoena or similar legal process (in which case such Person thereby required agrees to inform the Borrower prior to such disclosure), (d) to any other party to this Agreement, (e) in connection with the exercise of
any remedies under this Agreement or any other Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing
provisions substantially similar to those of this Section, to (i) any assignee, or any prospective assignee, of any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its Related Parties)
to any swap or derivative transaction relating to the Borrower or any Subsidiary and its obligations, or (g) with the prior written consent of the Borrower. For the purposes of this Section, “Information” means all information
received from the Borrower or any Subsidiary relating to the Borrower, the Subsidiaries or their businesses, other than any such information that is publicly available. Any Person required to maintain the confidentiality of Information as provided
in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as a commercially prudent Person would accord to its own
confidential information. 
 SECTION 9.13. Patriot Act. The Issuing Banks hereby notify the Borrower that pursuant to the
requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), they may be required to obtain, verify and record information that identifies the Borrower, which
information includes the name and address of the Borrower and other information that will allow each Issuing Bank to identify the Borrower in accordance with the Patriot Act. This notice is given in accordance with the requirements of the Patriot
Act and is effective for each Issuing Bank. 
 SECTION 9.14. No Fiduciary Relationship. The Borrower, on behalf of itself
and the Subsidiaries, agrees that in connection with all aspects of the transactions contemplated hereby and any communications in connection therewith, the Borrower and the Subsidiaries, on the one hand, and the Administrative Agent, the Issuing
Banks Agent, the Issuing Banks and the Affiliates of any of the foregoing, on the other hand, will have a business relationship that does not create, by implication or otherwise, any fiduciary duty on the part of the Administrative Agent, the
Issuing Banks Agent, the Issuing Banks or any Affiliate of any of the foregoing, and no such duty will be deemed to have arisen in connection with any such transactions or communications. 
 SECTION 9.15. Release of Security Interests. The security interests created in the LC Cash Collateral Account and the LC Cash
Collateral in favor of the Issuing Banks Agent, for the benefit of the Issuing Banks, under this Agreement and the Additional Security Agreements shall terminate when all the Obligations have been indefeasibly paid in full, the LC Exposure has been
reduced to zero and the Issuing Banks

  

 33 

 
have no further obligations to issue, amend, renew or extend Letters of Credit hereunder. In connection with any termination pursuant to this Section, the Issuing Banks Agent shall execute and
deliver to the Borrower, at the Borrower’s expense, all documents that the Borrower shall reasonably request to evidence such termination. Any execution and delivery of documents pursuant to this Section shall be without recourse to or
warranty by the Issuing Banks Agent. 
  

 34 

 Schedule 2.01 
  

						
	 Issuing Bank
	  	 Beneficiary
	  	Amount
	 Wachovia Bank, National Association
	  	Viacom	  	$	4,797,704.72
	 Citicorp North America, Inc.
	  	Viacom	  	$	4,797,704.72
	 JPMorgan Chase Bank, N.A.
	  	Viacom	  	$	14,393,114.14
	 JPMorgan Chase Bank, N.A.
	  	Ohio Bureau of Workers’ Compensation	  	$	266,000.00
	 JPMorgan Chase Bank, N.A.
	  	National Union Fire Insurance Company of Pittsburgh, PA	  	$	29,825,107.00
	 JPMorgan Chase Bank, N.A.
	  	Travelers Casualty and Surety	  	$	7,600,000.00
	 	  	 	  	 	 
	 Total
	  		  	$	61,679,630.58

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