Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

			
	 BARCLAYS

745 Seventh Avenue
 New York, New
York 10019
	  	 GOLDMAN SACHS BANK USA

GOLDMAN SACHS LENDING PARTNERS LLC

200 West Street
 New York, New York
10282

 CONFIDENTIAL 

March 17, 2019 
 Fidelity National
Information Services, Inc. 
 601 Riverside Avenue 

Jacksonville, Florida 32204 
 Attention:   Virginia
Daughtrey 
 SVP of Finance and Treasurer 

Project Falcon 
 $9.5
Billion Bridge Facility 
 Commitment Letter 

Ladies and Gentlemen: 
 You have advised Barclays
Bank PLC (“Barclays”) and Goldman Sachs Bank USA (“GS Bank”) and Goldman Sachs Lending Partners LLC (“GSLP” and, together with GS Bank, “Goldman Sachs”
and, together with Barclays, the “Commitment Parties”, “we” or “us”) that you (the “Borrower”) intend to acquire (the
“Acquisition”), directly or indirectly, the entity identified to us by you as “Wrangler”, a Delaware corporation (the “Acquired Company”). You have further advised us that,
in connection with the foregoing, you and the newly formed entity referred to in the Transaction Description attached hereto as Exhibit A (the “Transaction Description”) intend to consummate the other Transactions described
in the Transaction Description, including the provision to you of the Bridge Facility (as defined below), after which the Acquired Company will be a wholly-owned subsidiary of the Borrower. In connection with the foregoing, you have also separately
engaged us to seek required lender consents to an amendment (the “Amendment”, and the effective date of such Amendment, the “Amendment Effective Date”) to that certain Seventh Amendment and Restatement
Agreement dated as of September 21, 2018 by and among you, the other borrowers from time to time party thereto, the lenders, swing line lenders and L/C issuers from time to time party and JPMorgan Chase Bank, N.A., as administrative agent (as
amended, supplemented or otherwise modified prior to the date of the Commitment Letter, the “Existing Revolving Credit Agreement” and as amended by the Amendment, the “Amended Credit Agreement”) on the
terms specified in the Summary of Amendment Terms (as defined below). 
 Capitalized terms used but not defined herein shall have the
meanings assigned to them in the Transaction Description, the Summary of Principal Terms and Conditions attached hereto as Exhibit B (the “Summary of Bridge Terms”) or the Summary of Amendment Terms attached hereto as
Exhibit C (the “Summary of Amendment Terms”), as applicable; this commitment letter together with Exhibits A, B, C and D hereto, collectively, the “Commitment Letter”. The Borrower, the Acquired
Company and their respective subsidiaries from and after the Closing Date, are sometimes collectively referred to herein as the “Companies”. The Acquired Company and its subsidiaries are referred to herein as the
“Acquired Companies”. 

 1. Commitments. In connection with the foregoing, (a)(i) Barclays is pleased to
advise you of its several, but not joint, commitment to provide 50% of Tranche A of the Bridge Facility, (ii) GS Bank is pleased to advise you of its several, but not joint, commitment to provide 48% of Tranche A of the Bridge Facility and GSLP
is pleased to advise you of its several, but not joint, commitment to provide 2% of Tranche A of the Bridge Facility (iii) Barclays is pleased to advise you of its several, but not joint, commitment to provide 50% of Tranche B of the Bridge
Facility and (iv) GSLP is pleased to advise you of its several, but not joint, commitment to provide 50% of Tranche B of the Bridge Facility (in each case of clauses (i) through (iv) above, in such capacity, the “Initial
Lenders”), (b) Barclays is pleased to advise you of its willingness, and you hereby engage Barclays, to act as the sole and exclusive administrative agent (in such capacity, the “Administrative Agent”) for
the Bridge Facility, all upon and subject to the terms and conditions set forth in this Commitment Letter, (c) GS Bank is pleased to advise you of its willingness, and you hereby engage GS Bank, to act as a syndication agent for the Bridge
Facility and (d) each of Barclays and GS Bank is also pleased to advise you of its willingness, and you hereby engage Barclays and GS Bank, to act as the joint lead arrangers and joint bookrunners (in such capacity, the “Lead
Arrangers”) for the Bridge Facility, and in connection therewith to form a syndicate of lenders for the Bridge Facility (collectively, the “Lenders”) reasonably acceptable to you, including Barclays, GS Bank and
GSLP. It is understood and agreed that (x) Barclays will have “lead left” placement on all marketing materials relating to the Bridge Facility and Goldman Sachs will appear to the right of Barclays on all marketing materials relating
to the Bridge Facility and (y) no additional agents, co-agents or arrangers will be appointed, no other titles will be awarded and no compensation (other than as expressly contemplated by this Commitment
Letter and the Fee Letter referred to below) will be paid in order to obtain commitments in connection with respect to the Bridge Facility without our and your mutual consent; provided that you may appoint additional documentation agents in a
manner and with economics determined by you in consultation with the Lead Arrangers 
 The commitments of the Initial Lenders in respect of
the Bridge Facility and the undertaking of the Lead Arrangers to provide the services described herein are subject only to the satisfaction of each of the conditions precedent set forth in Section 5 below and in Exhibit D attached hereto. 

2. Syndication. The Lead Arrangers (x) intend to commence syndication of Tranche A of the Bridge Facility promptly after your
acceptance of the terms of this Commitment Letter and the Fee Letter and (y) upon a determination by the Lead Arrangers that the Amendment Effective Date is not likely to occur on or prior to the Closing Date (which determination shall be made
on the 21st day following the Signing Date (as defined below) (or such later date as may be agreed by the Lead Arrangers)), intend to commence syndication of Tranche B of the Bridge Facility at
any time after your acceptance of the terms of this Commitment Letter and the Fee Letter and, assuming that syndication is commenced promptly after the Signing Date, you agree to provide us with a period of at least 15 consecutive business days
following the launch of syndication and prior to the Closing Date to syndicate the Bridge Facility; provided, however, that notwithstanding the assignment provisions in this Commitment Letter and anything else to the contrary contained
herein, (a) until the date that is 60 days after the date hereof, the selection of Lenders by the Lead Arrangers shall be subject to the Borrower’s approval in its sole discretion and (b) following the date that is 60 days after the
date hereof, if and for so long as a Successful Syndication (as defined in the Fee Letter) has not been achieved, the selection of Lenders by the Lead Arrangers shall be in consultation with the Borrower (in each case, other than (i) certain
competitors of the Acquired Company and its subsidiaries identified in writing from time to time or (ii) institutions designated in writing by you at any time on or prior to the date of this Commitment Letter (such competitors and institutions
(including their respective named affiliates designated in writing from time to time or otherwise clearly identifiable as affiliates solely on the basis of their name (other than bona fide fixed income investors or debt funds unless designated in
writing on or prior to the date hereof)) collectively, the “Disqualified Institutions”; provided that any supplementation after the date 

  
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hereof under clause (i) or clause (ii) above shall not apply retroactively to disqualify any parties that have previously acquired an assignment or participation interest in the Bridge
Facility). Each Initial Lender’s commitment hereunder shall be reduced dollar-for-dollar on a pro rata basis as and when commitments for the Bridge Facility are
received from Lenders selected in accordance with this Section 2, to the extent that such Lender becomes party to the Credit Documentation (as hereinafter defined) as a “Lender” (including pursuant to an assignment and assumption
agreement executed pursuant to the Credit Documentation) or otherwise party to this Commitment Letter pursuant to documentation reasonably satisfactory to the Lead Arrangers and you; provided that to the extent that any portion of the
respective commitments of the Initial Lenders hereunder with respect to the Bridge Facility is syndicated to a Lender that, upon first becoming party to this Commitment Letter or the applicable Credit Documentation as described above, is not a
commercial or investment bank whose senior, unsecured, long-term indebtedness has an “investment grade” rating by Moody’s (as defined below), S&P (as defined below), then the Initial Lenders shall not be relieved, released or
novated from their respective obligations hereunder to fund such portion of such commitment on the Closing Date to the extent that such other Lender fails to fund such commitment on the Closing Date in accordance with the terms of the Bridge
Facility; provided, further, that any reduction of Goldman Sachs’s commitments under the Bridge Facility in accordance with the previous sentence or as a result of a reduction of the overall commitments of GSLP and GS Bank, each
in its capacity as an Initial Lender, pursuant to the terms of this Commitment Letter shall be allocated between GSLP’s and GS Bank’s respective commitments as determined by GSLP and GS Bank in their sole discretion. 

You agree, upon the request of the Lead Arrangers, to assist, and to use your commercially reasonable efforts to cause the Acquired Companies
to assist (to the extent practical and not in contravention of the terms of the Acquisition Agreement as in effect on the Signing Date), the Lead Arrangers in achieving a Successful Syndication. Such assistance shall include (a) your providing
and causing your advisors to provide, and using your commercially reasonable efforts to cause the Acquired Companies and their advisors to provide (to the extent practical and not in contravention of the terms of the Acquisition Agreement as in
effect on the Signing Date), the Lead Arrangers and the Lenders upon request with all information reasonably deemed necessary by the Lead Arrangers to complete such syndication, including, but not limited to, information and evaluations prepared by
you, the Acquired Company and your and its advisors, or on your or its behalf, relating to the Transactions (including the Projections (as defined below)), (b) your assisting (and your using your commercially reasonable efforts to cause the Acquired
Company to assist) in the preparation of a customary confidential information memorandum and lender presentation with respect to the Bridge Facility and other marketing materials reasonably requested by the Lead Arrangers to be used in connection
with the syndication of the Bridge Facility (collectively with the Summary of Bridge Terms, Summary of Amendment Terms and any additional summary of terms prepared for distribution to Public Lenders (as defined below), the “Information
Materials”), subject in all respects to the limitations on your rights to request such information concerning the Acquired Company and its subsidiaries as set forth in the Acquisition Agreement, (c) your using your commercially
reasonable efforts to assist the Lead Arrangers such that their syndication efforts benefit from your existing banking relationships and the existing banking relationships of the Acquired Company, (d) your using your commercially reasonable
efforts to obtain prior to the Closing Date, public corporate credit or family ratings of the Borrower after giving effect to the Transactions and public ratings for the New Notes from Moody’s Investors Service, Inc.
(“Moody’s”) and Standard & Poor’s Financial Services LLC (“S&P”) (collectively, the “Ratings”), (e) your agreeing that until the end of the
Syndication Period (as hereinafter defined) there shall be no competing offering, placement or arrangement of any syndicated bank financing or underwritten or privately placed debt securities by or on behalf of the Borrower or any of its
subsidiaries and your agreeing to use commercially reasonable efforts to cause the Acquired Companies (to the extent practical and not in contravention of the terms of the Acquisition Agreement as in effect on the Signing Date) to ensure that there
shall be no competing offering, placement or arrangement of any syndicated bank financing or 

  
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underwritten or privately placed debt securities by or on behalf of the Acquired Company or any of its subsidiaries (other than (i) the New Notes, (ii) any borrowing under the Existing
Revolving Credit Agreement, (iii) any commercial paper issued (A) in the ordinary course of business or (B) in connection with the Acquisition, (iv) any indebtedness of the Acquired Companies permitted to be incurred prior to the
Closing Date pursuant to the terms of the Acquisition Agreement as in effect on the Signing Date and (v) any other financing agreed by the Lead Arrangers), in each case that would reasonably be expected to materially impair the primary
syndication of the Bridge Facility and (f) your otherwise assisting the Lead Arrangers in its syndication efforts, including by making your senior management and advisors available, and, upon request of the Lead Arrangers, using your
commercially reasonable efforts to make the senior management and advisors of the Acquired Company available (to the extent practical and not in contravention of the terms of the Acquisition Agreement as in effect on the Signing Date), from time to
time to attend and make presentations regarding the business of the Borrower, the Acquired Company and their respective subsidiaries, as appropriate, at a reasonable number of meetings of, or conference calls with, existing or prospective Lenders,
as applicable, in all cases at times and locations to be mutually agreed (it being understood as of the date hereof that no formal in-person bank meeting is expected for the syndication of the Bridge
Facility). Without limiting your obligations to assist with syndication efforts as set forth above, and notwithstanding anything to the contrary herein or in the Fee Letter, the Commitment Parties acknowledge and agree that neither the commencement
nor the completion of the syndication of the Bridge Facility (including a Successful Syndication), nor the obtaining of the Ratings, nor any other provision of this paragraph shall constitute a condition precedent to the availability and initial
funding of the Bridge Facility on the Closing Date. 
 It is understood and agreed that the Lead Arrangers will manage and control all
aspects of the syndication of the Bridge Facility in consultation with you, including decisions as to the selection (subject to the foregoing provisions of this Section 2) of prospective Lenders and any titles offered to proposed Lenders, when
commitments will be accepted and the final allocations of the commitments among the Lenders. It is understood that no Lender participating in the Bridge Facility will receive compensation from you in order to obtain its commitment, except on the
terms contained herein and in the Summary of Bridge Terms. It is also understood and agreed that the amount and distribution of the fees among the Lenders will be at the discretion of the Lead Arrangers in consultation with you, subject to the terms
and provisions of the Fee Letter. 
 3. Information Requirements. You hereby represent that, to your knowledge with respect to the
Acquired Company and its subsidiaries, (a) all written information concerning you and your subsidiaries and the Acquired Company and its subsidiaries, other than Projections, other forward-looking information and information of a general
economic or industry-specific nature, if any, which has been or is hereafter made available to the Lead Arrangers or any of the Lenders by or on behalf of you or any of your representatives (or by or on behalf of the Acquired Company or any of its
representatives) in connection with the transactions contemplated hereby (the “Information”), when taken as a whole, does not and will not contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements contained therein, in light of the circumstances under which they were made, not materially misleading (after giving effect to all supplements and updates thereto from time to time), and (b) all financial
projections concerning the Borrower, the Acquired Company and their respective subsidiaries that have been or are hereafter made available to the Lead Arrangers by you or on behalf of you or any of your representatives or by the Acquired Company or
on behalf of the Acquired Company or any of its representatives (the “Projections”) have been or will be prepared in good faith and to management’s knowledge and belief have been or will be based upon assumptions
believed by you to be reasonable at the time made and at the time such Projections are furnished to the Lead Arrangers (it being understood that Projections are subject to significant uncertainty and contingencies many of which are beyond your
control, and no assurance can be given that the Projections will be realized, and that actual results may differ from projected results and that such differences may be material). You agree that if, at

  
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any time from the date hereof until the earlier of (A) the achievement of a Successful Syndication and (B) 60 days following the Closing Date (such period, the “Syndication
Period”) (or, if later, the Closing Date), you become aware that any of the representations in the preceding sentence would be incorrect in any material respect if the Information or the Projections were being furnished and such
representations were being made at such time, you will (or, prior to the Closing Date with respect to Information and Projections concerning the Acquired Company and its subsidiaries, you will, subject to the limitations on your rights as set forth
in the Acquisition Agreement, use commercially reasonable efforts to) furnish us with supplements to the Information and the Projections, in each case from time to time, so that the representations in the preceding sentence remain correct in all
material respects; provided that such supplementation shall cure any breach of such representation. In issuing this commitment and in arranging and syndicating the Bridge Facility, the Lead Arrangers are and will be using and relying on the
Information and the Projections without independent verification thereof. 
 You acknowledge that the Commitment Parties on your behalf will
make available Information Materials to the proposed syndicate of Lenders by posting the Information Materials on SyndTrak. In addition, if in connection with any syndication of the Bridge Facility, the Lead Arrangers request, you will assist in
preparing Information Materials suitable for distribution to any prospective Lender (each, a “Public Lender” and all other Lenders “Private Lenders”) that has personnel who do not wish to receive
material non-public information (within the meaning of the United States federal securities laws, “MNPI”) with respect to the Companies, their respective affiliates or any other entity,
or the respective securities of any of the foregoing (the “Public Information Materials”). You agree, however, that the Credit Documentation will contain provisions concerning Information Materials to be provided to Public
Lenders and the absence of MNPI therefrom. Prior to distribution of Information Materials to prospective Lenders, you shall provide us with a customary letter authorizing the dissemination thereof (which shall include (a) customary exculpation
language and (b) reasonable limitations with respect to the dissemination of Information Materials to Public Lenders). In addition, at our request, you shall identify Public Information Materials by clearly and conspicuously marking the same as
“PUBLIC”. 
 You agree that the Lead Arrangers on your behalf may distribute the following documents to all prospective Lenders,
unless you advise the Lead Arrangers in writing (including by email) within a reasonable time prior to their intended distributions that such material should only be distributed to prospective Private Lenders: (a) administrative materials for
prospective Lenders such as lender meeting invitations and funding and closing memoranda, (b) the Summary of Bridge Terms and notifications of changes to the terms of the Bridge Facility and (c) other materials intended for prospective
Lenders after the initial distribution of the Information Materials, including drafts and final versions of definitive documents with respect to the Bridge Facility. If you advise us that any of the foregoing items should be distributed only to
Private Lenders, then the Lead Arrangers will not distribute such materials to Public Lenders without further discussions with you. You agree that Information Materials made available to prospective Public Lenders in accordance with this Commitment
Letter shall not contain MNPI. 
 4. Fees, Reimbursements and Indemnities. 

(a) You agree to pay, or cause to be paid, the fees set forth in the separate fee letter addressed to you dated the date hereof from the
Commitment Parties (the “Bridge Facility Fee Letter”) and the fee letter addressed to you dated as of from Barclays (the “Agency Fee Letter”, and together with the Bridge Facility Fee Letter, the
“Fee Letter”). You further agree to reimburse the Initial Lenders and the Lead Arrangers from time to time promptly after demand for all reasonable and documented out-of-pocket fees and expenses (including, but not limited to, reasonable due diligence expenses and CUSIP fees for registration with the Standard & Poor’s CUSIP Service Bureau) incurred in
connection with the Bridge 

  
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Facility, the syndication thereof, the preparation of the definitive documentation therefor and the other transactions contemplated hereby (but limited, in the case of legal fees and expenses,
whether or not the Closing Date occurs to the reasonable and documented out-of-pocket fees and expenses of one counsel, which shall be Davis Polk & Wardwell
LLP, as counsel for the Administrative Agent, the Initial Lenders and the Lead Arrangers, taken as a whole) and in all other cases, if the Closing Date occurs (or in the case that the Closing Date does not occur, limited to (i) up to $15,000 in
the aggregate for Barclays and (ii) up to $15,000 in the aggregate for Goldman Sachs). 
 (b) You agree to indemnify and hold harmless
each of the Commitment Parties, each Lender and each of their affiliates and their respective officers, directors, employees, agents, advisors and other representatives (each, an “Indemnified Party”) from and against (and
will reimburse each Indemnified Party as the same are incurred for) any and all claims, damages, losses, liabilities and expenses (but limited, in the case of legal fees and expenses, to the reasonable and documented
out-of-pocket fees and expenses of one counsel, representing all of the Indemnified Parties, taken as a whole (except to the extent that any Indemnified Party reasonably
determines that separate counsel is necessary to avoid a conflict of interest)) that may be incurred by or asserted or awarded against any Indemnified Party within 30 days following written demand therefor setting forth in reasonable detail a
description of such claims, damages, losses, liabilities and expenses, in each case arising out of or in connection with or by reason of (including, without limitation, in connection with any investigation, litigation or proceeding or preparation of
a defense in connection therewith) (a) any matters contemplated by this Commitment Letter or (b) the Bridge Facility or any use made or proposed to be made with the proceeds thereof, except to the extent such claim, damage, loss, liability
or expense is found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from (x) such Indemnified Party’s material breach of this Commitment Letter, the Fee
Letter or any of the Credit Documentation, gross negligence, bad faith or willful misconduct (but in the case of any such material breach, only if the claim of such material breach is brought by you) or (y) disputes solely among Lenders not
involving any act or omission of you or your subsidiaries (other than any Proceeding (as defined below) against any Commitment Party solely in its capacity or in fulfilling its role as Administrative Agent or Lead Arranger or similar role in
connection with the Bridge Facility). In the case of an investigation, litigation or proceeding (any of the foregoing, a “Proceeding”) to which the indemnity in this paragraph applies, such indemnity shall be effective
whether or not such Proceeding is brought by you, your equity holders or creditors, the Acquired Company or their respective subsidiaries, affiliates or equity holders or an Indemnified Party, whether or not an Indemnified Party is otherwise a party
thereto and whether or not the transactions contemplated hereby are consummated. It is agreed that no party hereto shall have any liability (whether direct or indirect, in contract or tort or otherwise) to any other party or such party’s
subsidiaries or affiliates or to its or their respective equity holders or creditors arising out of, related to or in connection with any aspect of the transactions contemplated hereby, except to the extent of direct, as opposed to special,
indirect, consequential or punitive, damages determined in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from such party’s material breach of this Commitment
Letter, gross negligence, bad faith or willful misconduct; provided, that nothing contained in this sentence shall limit your indemnification obligations to the extent set forth hereinabove to the extent such special, indirect, consequential
or punitive damages are included in any third party claim in connection with which such indemnified person is entitled to indemnification hereunder. It is further agreed that the Commitment Parties shall only have liability to you (as opposed to any
other person), and that the Commitment Parties shall be severally liable solely in respect of their respective commitments to the Bridge Facility, on a several, and not joint, basis with any other Lender. Notwithstanding any other provision of this
Commitment Letter, no party hereto shall be liable for any damages arising from the use by others of information or other materials obtained through electronic telecommunications or other information transmission systems, unless such damages are
found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from such party’s material breach of this Commitment Letter, gross negligence, bad faith or willful
misconduct. You shall not be liable for any settlement of any 

  
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Proceeding effected without your prior written consent (which consent shall not be unreasonably withheld or delayed), but if settled with your prior written consent or if there is a final
judgment in any such Proceeding, you agree to indemnify and hold harmless each Indemnified Party from and against any and all losses, claims, damages, liabilities and expenses by reason of such settlement or judgment in accordance with this
Section 4. You shall not, without the prior written consent of an Indemnified Party (which consent shall not be unreasonably withheld), effect any settlement of any pending or threatened Proceeding against an Indemnified Party in respect of
which indemnity could have been sought hereunder by such Indemnified Party unless such settlement (i) includes an unconditional release of such Indemnified Party from all liability or claims that are the subject matter of such Proceeding and
(ii) does not include any statement as to any admission of fault by or on behalf of such Indemnified Party. 
 5. Conditions to
Financing. The commitments of the Initial Lenders in respect of the Bridge Facility and the undertaking of the Lead Arrangers to provide the services described herein are subject only to the satisfaction of each of the conditions set forth in
Exhibit D hereto under the heading “Conditions Precedent to Closing”, it being understood that there are no conditions (implied or otherwise) to the commitments hereunder (including compliance with the terms of the Commitment Letter, the
Fee Letter and the Credit Documentation) other than such conditions (and upon satisfaction or waiver of such conditions, the initial funding under the Bridge Facility shall occur). Notwithstanding anything in this Commitment Letter, the Fee Letter,
the definitive documentation with respect to the Bridge Facility (the “Credit Documentation”) or any other letter agreement or other undertaking concerning the financing of the Transactions to the contrary, (a) the only
representations relating to you, your subsidiaries, the Acquired Company, its subsidiaries and its businesses the accuracy of which shall be a condition to the availability of the Bridge Facility on the Closing Date shall be (i) the
representations made by or with respect to the Acquired Company and its subsidiaries in the Acquisition Agreement as are material to the interests of the Lenders, in their capacities as such, but only to the extent that the Borrower or any of its
subsidiaries has the right (taking into account any applicable cure provisions) to terminate its obligations under the Acquisition Agreement, or to decline to consummate the Acquisition pursuant to the Acquisition Agreement (as hereinafter defined),
as a result of a breach of such representations in the Acquisition Agreement (the “Acquisition Agreement Representations”) and (ii) the Specified Representations (as hereinafter defined) and (b) the terms of the
Credit Documentation shall be in a form such that they do not impair the availability or funding of the Bridge Facility on the Closing Date if the applicable conditions set forth in Exhibit D hereto under the heading “Conditions Precedent to
Closing” are satisfied (or waived by the Commitment Parties). For purposes hereof, “Specified Representations” means the representations and warranties in the Credit Documentation relating to the Borrower’s
corporate status; the Borrower’s corporate power and authority to enter into the Credit Documentation; due authorization, execution, delivery by the Borrower and enforceability of the Credit Documentation; no conflicts of the Credit
Documentation with, or require consent under, (i) the Borrower’s charter documents or (ii) any instrument evidencing indebtedness of the Borrower or any of its material subsidiaries in a committed or principal amount greater than
$300,000,000 (determined pro forma for the Transactions and without any materiality or “material adverse effect” qualifications); solvency as of the Closing Date (after giving effect to the Acquisition) (solvency to be defined in a manner
consistent with the solvency certificate set forth in Annex I hereto); Federal Reserve margin regulations; the use of proceeds not violating OFAC or the FCPA; the USA Patriot Act, the Investment Company Act and absence of any event of default
arising from any payment (or principal or interest) default, bankruptcy default or default arising from the intentional breach of the fundamental changes covenant (the “Specified Defaults”) immediately before and after giving
effect to the Transactions. This paragraph shall be referred to herein as the “Limited Conditionality Provisions”. 

  
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 6. Confidentiality and Other Obligations. This Commitment Letter and the Fee Letter
and the contents hereof and thereof are confidential and, except (1) for disclosure hereof or thereof to your board of directors, officers, employees, accountants, attorneys and other professional advisors retained by you in connection with the
Bridge Facility, in each case, on a confidential basis, (2) for disclosure hereof or thereof (and, in the case of the Fee Letter, redacted in a manner reasonably satisfactory to the Lead Arrangers) to the Acquired Company and its subsidiaries
and the officers, employees, accountants, attorneys and other professional advisors of the Acquired Company and its subsidiaries, in each case, on a confidential basis or (3) for disclosure hereof or thereof upon request or demand of any
regulatory authority having jurisdiction over you or as otherwise required by law, regulation or compulsory legal process (in which case you agree to inform us promptly thereof to the extent not prohibited by law, rule or regulation), may not be
disclosed in whole or in part to any person or entity without our prior written consent (which consent shall not be unreasonably withheld); provided, however, it is understood and agreed that (i) you may disclose this Commitment Letter
(including the Summary of Bridge Terms) but not the Fee Letter after your acceptance of this Commitment Letter and the Fee Letter, (A) in filings with the Securities and Exchange Commission and other applicable regulatory authorities and stock
exchanges (or as a result of compliance by you with certain indentures governing your indebtedness) and (B) to rating agencies on a confidential basis, (ii) the fee and other amounts herein and in the Fee Letter may be reflected in your
financial statements as part of the aggregate expenses in connection with the transactions contemplated hereby and may otherwise be disclosed as part of projections, pro forma information and a generic disclosure of aggregate sources and uses and
(iii) you may disclose this Commitment Letter (including the Summary of Bridge Terms) and the Fee Letter to the extent reasonably necessary or advisable in connection with the exercise of any remedy or enforcement of any right under this
Commitment Letter and/or the Fee Letter. Notwithstanding the foregoing, you may make public announcements of the Transactions and disclose the existence of the commitments and undertakings made hereunder and the respective roles of the Lead
Arrangers and the Initial Lenders in connection with the Transactions after your acceptance of this Commitment Letter and the Fee Letter; provided that you agree to consult with the Lead Arrangers with respect to any portions of any
announcement that name, or provide information that would readily permit identification of, any Lead Arranger or Initial Lender. This paragraph shall terminate (as it relates to the Commitment Letter but not as it relates to the Fee Letter) on the
eighteen month anniversary of the date hereof. 
 The Commitment Parties shall use all confidential information provided to them by or on
behalf of you hereunder solely for the purpose of providing the services which are the subject of this Commitment Letter and otherwise in connection with the Transactions and shall treat confidentially all such information; provided,
however, that nothing herein shall prevent any Commitment Party from disclosing any such information (i) pursuant to the order of any court or administrative agency or in any pending legal or administrative proceeding, or otherwise as
required by applicable law or compulsory legal process (in which case the applicable Commitment Party agrees to inform you promptly thereof to the extent not prohibited by law, rule or regulation), (ii) upon the request or demand of any
regulatory authority having jurisdiction over a Commitment Party or any of its affiliates, (iii) to the extent that such information becomes publicly available other than by reason of disclosure in violation of this Commitment Letter by a
Commitment Party, (iv) to the Commitment Parties’ respective affiliates and the Commitment Parties’ and such affiliates’ respective directors, officers, employees, legal counsel, independent auditors and other experts or agents
who need to know such information solely in connection with the Transactions and are informed of the confidential nature of such information; provided that such Commitment Party shall be responsible for such affiliates’, employees’,
independent auditors’ and other experts’ or agents’ compliance with this paragraph, (v) for purposes of establishing a “due diligence” defense, (vi) to the extent that such information is received by the Commitment
Parties from a third party that is not to the Commitment Parties’ knowledge subject to confidentiality obligations to you, (vii) to the extent that such information is or was independently developed by the Commitment Parties,
(viii) to market data collectors, similar service providers to the lending industry, and service providers to the Lead Arrangers in connection with the administration and management of the Bridge Facility; provided that such information
is limited to the existence of this Commitment Letter and generic information about the Bridge Facility or (ix) to potential Lenders, participants or assignees who agree to be bound by the terms

  
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of this paragraph (or language substantially similar to this paragraph or as otherwise reasonably acceptable to you and each Commitment Party, including as may be agreed in any confidential
information memorandum or other marketing material). This paragraph shall terminate on the earlier of (x) the eighteen month anniversary of the date hereof and (y) the execution of the Credit Documentation (in which case superseded by the
confidentiality provision of the Credit Documentation). 
 You acknowledge that Goldman Sachs & Co. is acting as a buy-side financial advisor to you (or one of your affiliates) (in such capacity, the “Financial Advisor”) in connection with the Acquisition. You agree to such retention, and further agree
not to assert or allege any claim based on actual or potential conflict of interest arising or resulting from, on the one hand, the engagement of the Financial Advisor in such capacity and the obligations of GS Bank and GSLP hereunder, on the other
hand. Each of the Commitment Parties hereto acknowledges (i) the retention of Goldman Sachs & Co. as the Financial Advisor and (ii) that such relationship does not create any fiduciary duties or fiduciary responsibilities to such
Commitment Party on the part of Goldman Sachs or its affiliates. 
 Please be advised that each Commitment Party and its subsidiaries and
affiliates (each collectively, an “Investment Bank Group”) comprise a full service securities firm and commercial bank engaged in securities, commodities and derivatives trading, foreign exchange and other brokerage
activities, and principal investing as well as providing investment, corporate and private banking, asset and investment management, financing and financial advisory services and other commercial services and products to a wide range of corporations
and individuals from which conflicting interests or duties, or a perception thereof, may arise. You expressly acknowledge that, in the ordinary course of business, the Commitment Parties and other parts of the Investment Bank Groups at any time
(i) may invest on a principal basis or manage funds that invest, make or hold long or short positions, finance positions or trade or otherwise effect transactions, for their own accounts or the accounts of customers, in equity, debt or other
securities or financial instruments (including derivatives, bank loans or other obligations) of any prospective investor, the Borrower, the Acquired Company or any other company that may be involved in any proposed transaction and (ii) may be
providing or arranging financing and other financial services to any prospective investor, the Borrower, the Acquired Company or other companies that may be involved in a competing transaction, in each case whose interests may conflict with yours.

 In connection with all aspects of each transaction contemplated by this Commitment Letter, you acknowledge and agree, and acknowledge
your affiliates’ understanding, that: (i) the Bridge Facility and any related arranging or other services described in this Commitment Letter are arm’s length commercial transactions between you and your affiliates, on the one hand,
and the Initial Lenders and the Lead Arrangers, on the other hand, and you are capable of evaluating and understanding and understand and accept the terms, risks and conditions of the transactions contemplated by this Commitment Letter; (ii) in
connection with the process leading to such transaction, each Initial Lender and each Lead Arranger is and has been acting solely as a principal and is not an advisor, agent or fiduciary, for you or any of your affiliates, stockholders, creditors or
employees or any other party; (iii) neither any Initial Lender nor any Lead Arranger has assumed or will assume an advisory, agency or fiduciary responsibility in your or your affiliates’ favor with respect to any of the transactions
contemplated hereby or the process leading thereto (irrespective of whether any Initial Lender or any Lead Arranger has advised or is currently advising you or your affiliates on other matters) and neither any Initial Lender nor any Lead Arranger
has any obligation to you or your affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth in this Commitment Letter and/or the Credit Documentation; (iv) each Initial Lender and each Lead
Arranger and their respective affiliates may be engaged in a broad range of transactions that involve interests that differ from yours and your affiliates and, except as may otherwise be expressly set forth in a written agreement among the relevant
parties, the Initial Lenders and the Lead Arrangers have no obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v) the Initial Lenders and the Lead Arrangers have not provided any
legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby and you have consulted your own legal, accounting, regulatory and tax advisors to the extent you have deemed appropriate. 

 

  
 -9- 

 You acknowledge that Barclays currently is acting as a lender under the Existing Credit
Agreement, and any Commitment Party or its affiliates may currently or in the future hold debt or equity securities or other instruments (including bank loans) in the Borrower, the Acquired Company or any of their respective affiliates, and you and
your affiliates’ rights and obligations under any other agreement with the Commitment Parties or any of their respective affiliates (including the Existing Credit Agreement) that currently or hereafter may exist are, and shall be, separate and
distinct from the rights and obligations of the parties pursuant to this Commitment Letter, and none of such rights and obligations under such other agreements shall be affected by a Commitment Party’s performance or lack of performance of
services hereunder. You further acknowledge that each Commitment Party or its affiliates may currently or in the future participate in other debt or equity transactions on behalf of or render financial advisory services to you or other companies
that may be involved in a competing transaction. You hereby agree that each Commitment Party may render its services under this Commitment Letter notwithstanding any actual or potential conflict of interest presented by the foregoing, and you hereby
waive any conflict of interest claims relating to the relationship between the Commitment Parties and you and your affiliates in connection with the transactions contemplated hereby, on the one hand, and the exercise by a Commitment Party or any of
its affiliates of any of their rights and duties under any credit or other agreement (including the Existing Credit Agreement), on the other hand. The terms of this paragraph shall survive the expiration or termination of this Commitment Letter for
any reason whatsoever. 
 The Commitment Parties hereby notify you that pursuant to the requirements of the USA PATRIOT Act, Title III of
Pub. L. 107-56 (signed into law October 26, 2001) (the “USA Patriot Act”) and the requirements of 31 C.F.R. §1010.230 (the “Beneficial Ownership
Regulation”), each of them is required to obtain, verify and record information that identifies you, which information includes your name and address and other information that will allow the Commitment Parties, as applicable, to
identify you in accordance with the USA Patriot Act and the Beneficial Ownership Regulation. This notice is given in accordance with the requirements of the PATRIOT Act and is effective as to each Commitment Party and each Lender. 

7. Survival of Obligations. The provisions of Sections 2, 3, 4, 6 and 8 shall remain in full force and effect regardless of whether any
Credit Documentation shall be executed and delivered and notwithstanding the termination of this Commitment Letter or any commitment or undertaking of the Commitment Parties hereunder; provided that (x) the reimbursement and
indemnification provisions in Section 4 hereof shall be superseded and replaced by those set forth in the Credit Documentation upon the effectiveness thereof, in each case to the extent covered thereby, and (y) the provisions of paragraphs
2 and 3 shall not survive if the commitments and undertakings of the Commitment Parties are terminated prior to the effectiveness and/or funding of the Bridge Facility. 

8. Miscellaneous. This Commitment Letter and the Fee Letter may be executed in multiple counterparts and by different parties hereto in
separate counterparts, all of which, taken together, shall constitute an original. Delivery of an executed counterpart of a signature page to this Commitment Letter or the Fee Letter by telecopier, facsimile or other electronic transmission (e.g., a
“pdf” or “tif”) shall be effective as delivery of a manually executed counterpart thereof. Headings are for convenience of reference only and shall not affect the construction of, or be taken into consideration when interpreting,
this Commitment Letter or the Fee Letter. 

  
 -10- 

 This Commitment Letter and the Fee Letter shall be governed by, and construed in accordance
with, the laws of the State of New York. Each party hereto hereby irrevocably waives any and all right to trial by jury in any action, proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or relating to this
Commitment Letter, the Fee Letter, the Transactions and the other transactions contemplated hereby and thereby or the actions of the Commitment Parties in the negotiation, performance or enforcement hereof. Each party hereto hereby irrevocably and
unconditionally submits to the exclusive jurisdiction of any New York State court or Federal court of the United States of America sitting in the Borough of Manhattan in New York City in respect of any suit, action or proceeding arising out of or
relating to the provisions of this Commitment Letter and the Fee Letter, the Transactions and the other transactions contemplated hereby and thereby and irrevocably agrees that all claims in respect of any such suit, action or proceeding shall be
heard and determined in any such court. Notwithstanding anything herein to the contrary and the governing law provisions of the Fee Letter, it is understood and agreed that (a) the interpretation of the definition of “Material Adverse
Effect” (as defined in the Acquisition Agreement as in effect on the Signing Date) (and whether or not a “Material Adverse Effect” has occurred), (b) the determination of the accuracy of any Acquisition Agreement Representation and
whether as a result of any inaccuracy thereof you or your applicable affiliate has the right to terminate your or their obligations under the Acquisition Agreement or decline to consummate the Acquisition and (c) the determination of whether
the Acquisition has been consummated in accordance with the terms of the Acquisition Agreement and, in any case, claims or disputes arising out of any such interpretation or determination or any aspect thereof, in each case, shall be governed by,
and construed and interpreted in accordance with, the laws of the State of Delaware, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws thereof. The parties hereto agree that service of any process,
summons, notice or document by registered mail addressed to you shall be effective service of process against you for any suit, action or proceeding relating to any such dispute. Each party hereto waives, to the fullest extent permitted by
applicable law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceedings brought in any such court, and any claim that any such suit, action or proceeding brought in any such court has been
brought in an inconvenient forum. A final judgment in any such suit, action or proceeding brought in any such court may be enforced in any other courts to whose jurisdiction you are or may be subject by suit upon judgment. 

This Commitment Letter and the Fee Letter embody the entire agreement and understanding among the parties hereto and your affiliates with
respect to the Bridge Facility and supersede all prior agreements and understandings relating to the specific matters hereof. Neither this Commitment Letter (including the attachments hereto) nor the Fee Letter may be amended or any term or
provision hereof or thereof waived or modified except by an instrument in writing signed by each of the parties hereto. 
 Except as
otherwise provided above in Section 2, this Commitment Letter is not assignable by any party hereto without the prior written consent of each other party hereto and is intended to be solely for the benefit of the parties hereto and, solely to
the extent provided above, the Indemnified Parties; provided that GS Bank may assign its commitments and agreements hereunder, in whole or in part, to GSLP and vice versa, and any such assignment will relieve such assignor of its obligations
hereunder dollar-for-dollar by the amount of such assigned commitments (and the applicable assignee’s commitments will be increased
dollar-for-dollar by the amount of such assigned commitments). 

Any and all obligations of, and services to be provided by Barclays or Goldman Sachs hereunder (including, without limitation, its commitment)
may be performed and any and all rights of Barclays and Goldman Sachs hereunder may be exercised by or through any of its respective affiliates or branches and, in connection with such performance or exercise, Barclays or Goldman Sachs may exchange
with such affiliates or branches information concerning you and your affiliates that may be the subject of the transactions contemplated hereby and, to the extent so employed, such affiliates and branches shall be entitled to the benefits afforded
to Barclays and Goldman Sachs, as applicable, hereunder. 

  
 -11- 

 Please indicate your acceptance of the terms of the Bridge Facility set forth in this
Commitment Letter and the Fee Letter by returning to us executed counterparts of this Commitment Letter, the Fee Letter, and paying the fees specified in the Fee Letter to be payable upon acceptance of this Commitment Letter with respect to the
Bridge Facility by wire transfer of immediately available funds to the account specified by us, not later than 11:59 p.m. (New York City time) on March 17, 2019 (the “Signing Date”), whereupon the undertakings of the
parties with respect to the Bridge Facility shall become effective to the extent and in the manner provided hereby. This offer shall terminate with respect to the Bridge Facility if not so accepted by you at or prior to that time. Thereafter, all
commitments and undertakings of the Commitment Parties hereunder (or under the Credit Documentation, as applicable) will expire on the earliest of (a) the Termination Date (as defined in the Acquisition Agreement as in effect on the Signing
Date, without giving effect to any amendment thereto or consent thereunder, and as it may be extended in accordance with the terms of the Acquisition Agreement as in effect on the Signing Date), unless the Closing Date occurs on or prior thereto,
(b) the execution of the Credit Documentation (the date of such execution being referred to herein as the “Effective Date”), (c) the closing of the Acquisition without the use of the Bridge Facility, (d) the
termination or expiration of the Acquisition Agreement or (e) receipt by the Lead Arrangers of written notice from the Borrower of its election to terminate all commitments under the Bridge Facility in full. 

Each of the parties hereto agrees that this Commitment Letter is a binding and enforceable agreement with respect to the subject matter
contained therein, including an agreement to negotiate in good faith the Credit Documentation by the parties hereto in a manner consistent with this Commitment Letter and the Summary of Bridge Terms (it being acknowledged and agreed that the
commitment provided herein is subject to conditions precedent as provided herein). 
 [The remainder of this page intentionally left blank.]

  
 -12- 

 We are pleased to have the opportunity to work with you in connection with this important
financing. 
  

			
	Very truly yours,
	
	BARCLAYS BANK PLC
		
	By:	 	 /s/ E. Pete Contrucci

		 	Name: E. Pete Contrucci III
		 	Title:   Managing Director

  
 [Signature Page to
Commitment Letter] 

 
			
	GOLDMAN SACHS BANK USA
		
	By:	 	 /s/ Robert Ehudin

		 	Name: Robert Ehudin
		 	Title:    Authorized Signatory
	
	GOLDMAN SACHS LENDING PARTNERS LLC
		
	By:	 	 /s/ Robert Ehudin

		 	Name: Robert Ehudin
		 	Title:    Authorized Signatory

  
 [Signature Page to
Commitment Letter] 

			
	The provisions of this Commitment Letter are accepted and agreed to as of the date first written above:
	
	FIDELITY NATIONAL INFORMATION SERVICES, INC.
		
	By:	 	 /s/ Virginia Daughtrey

		 	Name: Virginia Daughtrey
		 	Title:   SVP of Finance and Treasurer

  
 [Signature Page to
Commitment Letter] 

 Exhibit A 

TRANSACTION DESCRIPTION 

Capitalized terms used but not otherwise defined in this Exhibit A shall have the meanings set forth in the Commitment Letter and the
other Exhibits to the Commitment Letter to which this Exhibit A is attached (the “Commitment Letter”). 
 The
Borrower intends to acquire, through Merger Sub (as defined below), the Acquired Company. In connection with the foregoing, it is intended that (the transactions referred to below, collectively, the “Transactions”): 

 

	 	1.	 The Borrower intends to establish Wrangler Merger Sub, Inc. (“Merger Sub”), a newly
formed Delaware corporation and a wholly-owned subsidiary of the Borrower, in order to effectuate the Acquisition pursuant to and as defined in the Acquisition Agreement. 

 

	 	2.	 In connection with the Acquisition, the Borrower intends to (a) issue senior unsecured notes through one
or more public offerings or private placements (the “New Notes”), (b) obtain an amendment (the “Amendment”) to the Existing Revolving Credit Agreement substantially consistent with the terms described
in Exhibit C to the Commitment Letter (as so amended, the “Amended Credit Agreement” and the effective date of the Amendment, the “Amendment Effective Date”), and borrow revolving loans under the
Amended Credit Agreement in an amount up to $2.0 billion to finance a portion of the Transactions (the “Specified Revolving Loans”), (c) issue in lieu of borrowing the Specified Revolving Loans commercial paper in an
amount up to $2.0 billion to finance a portion of the Transactions (the “Specified Commercial Paper”), (d) obtain in lieu of some or all of the financings described in clauses (a), (b) and (c) above, a senior
unsecured bridge loan facility described in Exhibit B to the Commitment Letter (the “Bridge Facility”), in an aggregate principal amount of (x) $7.5 billion (such amount referred to herein as the “Tranche
A of the Bridge Facility”) plus (y) if the Amendment Effective Date fails to occur on or prior to the Closing Date, $2.0 billion (such amount referred to herein as the “Tranche B of the Bridge
Facility”), which amount shall be used to finance the Acquisition on the Closing Date, to refinance obligations under the Existing Target Credit Agreement and to pay costs and expenses related to the Acquisition and the other
Transactions referred to in this Exhibit A. 

  

	 	3.	 The Borrower will (a) issue an agreed amount of its common stock (the “Borrower
Stock”) for distribution to the shareholders of the Acquired Company as partial merger consideration (the “Borrower Stock Contribution”) and (b) apply the proceeds of the financings described in paragraph 2
above, together with cash on hand, to (i) pay, directly or indirectly, the aggregate consideration in respect of all of the issued and outstanding equity interests of the Acquired Company in accordance with the terms of the Acquisition
Agreement and (ii) to repay in full, directly or indirectly, that certain Third Amended and Restated Loan Agreement, dated as of September 8, 2017, by and among the Acquired Company, as borrower, the guarantors party thereto, the financial
institutions party thereto, as lenders and Morgan Stanley Senior Funding, Inc., as the administrative agent (as amended by that certain Amendment No. 4 dated as of October 3, 2017, that certain Amendment No. 5 dated as of
June 22, 2018 and as otherwise amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the “Existing Target Credit Agreement” and such repayment, the
“Refinancing”). 

  
 Exhibit A-1 

	 	4.	 The Borrower will, directly or indirectly, pay the costs and expenses related to the Acquisition and the
other Transactions referred to in this Exhibit A. 

  
 Exhibit A-2 

 Exhibit B 

PROJECT FALCON 
 SUMMARY
OF TERMS AND CONDITIONS 
 BRIDGE FACILITY 

Capitalized terms used but not defined in this Exhibit B shall have the meanings set forth in the Commitment Letter and the other Exhibits to
the Commitment Letter to which this Exhibit B is attached. 

			
		
	BORROWER:	  	Fidelity National Information Services, Inc., a Georgia corporation (the “Borrower”).
		
	FACILITY:	  	A 364-day senior unsecured bridge facility (the “Bridge Facility”; the loans thereunder, the “Bridge Loans”) in an aggregate
principal amount in U.S. dollars of (x) $7.5 billion (such amount referred to herein as “Tranche A of the Bridge Facility”) plus (y) until the Amendment Effective Date occurs, $2.0 billion (such
amount referred to herein as “Tranche B of the Bridge Facility”).
		
	ADMINISTRATIVE AGENT:	  	Barclays Bank PLC (“Barclays” and, in such capacity, the “Administrative Agent”) will act as sole and exclusive administrative agent.
		
	SYNDICATION AGENT:	  	Goldman Sachs Bank USA (“GS Bank”) will act as syndication agent.
		
	DOCUMENTATION	  	
	AGENTS:	  	Certain financial institutions selected by the Borrower in consultation with the Lead Arrangers will act as documentation agents.
		
	JOINT LEAD ARRANGERS AND	  	
	JOINT BOOK MANAGERS:	  	Barclays and GS Bank (collectively, the “Lead Arrangers”) will act as joint lead arrangers and joint bookrunners.
		
	LENDERS:	  	A syndicate of financial institutions (including Barclays, GS Bank and Goldman Sachs Lending Partners LLC but excluding any Disqualified Institution) arranged by the Lead Arrangers, which institutions shall be reasonably acceptable
to the Borrower (the “Lenders”).
		
	PURPOSE:	  	At the Closing Date, the proceeds of the Bridge Facility shall finance, in part, the Acquisition, the Refinancing and the costs and expenses related to the Transactions.
		
	AVAILABILITY:	  	The Bridge Facility is available for a single drawing to be made on the date of consummation of the Acquisition (such date, the “Closing Date”), which shall occur on or prior to the
Termination Date (as defined in the Acquisition Agreement as in effect on the Signing Date, without giving effect to any amendment thereto or consent thereunder, and as it may be extended in accordance with the terms of the Acquisition Agreement as
in effect on the Signing Date). Amounts borrowed under the Bridge Facility that are repaid or prepaid may not be reborrowed.
	

  
 Exhibit B-1 

			
		
	MATURITY AND	  	
	 AMORTIZATION:
	  	The Bridge Facility shall terminate and all amounts outstanding thereunder shall be due and payable 364 days following the Closing Date and shall require no scheduled amortization.

		
	SECURITY:	  	Unsecured.
		
	GUARANTEES:	  	Immediately after the effectiveness of the Acquisition, any subsidiary that becomes a guarantor under the Existing Revolving Credit Agreement or any subsidiary that becomes a borrower or guarantor under any other senior debt for
borrowed money of the Borrower or any of its subsidiaries (excluding, for the avoidance of doubt, the Acquired Company’s existing senior notes as of the Signing Date) issued or incurred after the Signing Date in a committed or principal amount
greater than $500,000,000 shall guarantee the Bridge Facility.
		
	INTEREST RATE:	  	As set forth in Addendum I.
		
	MANDATORY REPAYMENTS AND COMMITMENT	  	
	REDUCTIONS:	  	On or prior to the Closing Date, the commitments in respect of the Bridge Facility under the Commitment Letter or under the Credit Documentation (as applicable) shall be permanently reduced, and after the Closing Date, the Bridge
Loans shall be prepaid, in each case, dollar-for-dollar by the following amounts (in each case subject to exceptions to be agreed):
		
		  	(a) 100% of the net cash proceeds of all non-ordinary course asset sales or other dispositions of property by the Borrower and its subsidiaries (including insurance, casualty and condemnation
proceeds) (other than net cash proceeds from all such non-ordinary course asset sales or other dispositions of property to the extent the aggregate amount of such net cash proceeds, together with the aggregate
amount of net cash proceeds from all equity or equity-linked securities described in the corresponding parenthetical in paragraph (c) below, is less than $200 million), subject to exceptions to be agreed, and subject to the right to reinvest
100% of such proceeds, if such proceeds are re-invested in assets used or useful for their business, including in permitted acquisitions or capital expenditures within 6 months of receipt, which net cash
proceeds shall be applied to (x) before the Closing Date, first reduce Tranche A of the Bridge Facility until the commitments in respect of Tranche A of the Bridge Facility are reduced to zero, then reduce Tranche B of the Bridge Facility and
(y) after the Closing Date, reduce Tranche A and Tranche B of the Bridge Facility on a pro rata basis based on the amount of Bridge Loans outstanding thereunder;

  
 Exhibit B-2 

			
		
		  	(b) without duplication of clause (d), 100% of the net cash proceeds received from any issuance or incurrence of debt for borrowed money (including any New Notes), other than (i) any intercompany debt of the Borrower or any of
its subsidiaries, (ii) any debt of the Borrower or any of its subsidiaries incurred under the Existing Revolving Credit Agreement, (iii) any working capital facilities (including receivables securitization facilities) of the Borrower or
any of its subsidiaries, (iv) any commercial paper, (v) capital leases or other debt issued or incurred to finance the acquisition of fixed or capital assets and (vi) other debt for borrowed money to be agreed upon, which net cash
proceeds shall be applied to (x) before the Closing Date, first reduce Tranche A of the Bridge Facility until the commitments in respect of Tranche A of the Bridge Facility are reduced to zero, then reduce Tranche B of the Bridge Facility and
(y) after the Closing Date, reduce Tranche A and Tranche B of the Bridge Facility on a pro rata basis based on the amount of Bridge Loans outstanding thereunder;
		
		  	(c) 100% of the net cash proceeds received from any issuance of equity or equity-linked securities (in a public offering or private placement) by the Borrower or any of its subsidiaries (other than net cash proceeds from all such
equity or equity-linked securities to the extent the aggregate amount of such net cash proceeds, together with the aggregate amount of net cash proceeds from all non-ordinary course asset sales or other
dispositions of property described in the corresponding parenthetical in paragraph (a) above, is less than $150 million), subject to exceptions and thresholds to be agreed upon including (i) equity interests or such other securities issued
pursuant to employee stock plans or employee compensation plans or contributed to pension funds, (ii) equity interests or such other securities issued or transferred as consideration in connection with any acquisition, divestiture or joint
venture arrangement and (iii) equity interests or such other securities issued to the Borrower or any of its subsidiaries, which net cash proceeds shall be applied to (x) before the Closing Date, first reduce Tranche A of the Bridge
Facility until the commitments in respect of Tranche A of the Bridge Facility are reduced to zero, then reduce Tranche B of the Bridge Facility and (y) after the Closing Date, reduce Tranche A and Tranche B of the Bridge Facility on a pro rata
basis based on the amount of Bridge Loans outstanding thereunder;
		
		  	(d) without duplication of clause (b), 100% of the commitments provided to the Borrower or any of its subsidiaries pursuant to any committed but unfunded bank term loan credit agreement or similar definitive agreement for the
incurrence of debt for borrowed money that has become effective solely for the purpose of financing the Transactions and having conditions to availability

  
 Exhibit B-3 

			
		  	which are not more restrictive than the conditions to availability of the Bridge Facility (as reasonably determined by the Borrower upon entering into such committed financing) (a “Qualifying Term Loan
Facility”), which reduction shall be applied to (x) before the Closing Date, first reduce Tranche A of the Bridge Facility until the commitments in respect of Tranche A of the Bridge Facility are reduced to zero, then reduce
Tranche B of the Bridge Facility and (y) after the Closing Date, reduce Tranche A and Tranche B of the Bridge Facility on a pro rata basis based on the amount of Bridge Loans outstanding thereunder; and
		
		  	(e)(i) on the Amendment Effective Date, commitments in respect of Tranche B of the Bridge Facility shall be automatically and permanently reduced to zero and (ii) if the Amendment Effective Date fails to occur on or prior to
the Closing Date, unused commitments in respect of Tranche B of the Bridge Facility shall be automatically and permanently reduced to zero on the Closing Date.
		
		  	The Borrower shall give the Administrative Agent prompt written notice of any commitment reduction or prepayment required pursuant to this section or of having entered into a Qualifying Term Loan Facility.
		
		  	In addition, the commitments shall terminate on the earliest of (a) the Termination Date (as defined in the Acquisition Agreement as in effect on the Signing Date, without giving effect to any amendment thereto or consent
thereunder, and as it may be extended in accordance with the terms of the Acquisition Agreement as in effect on the Signing Date), (b) the closing of the Acquisition without drawing on the Bridge Facility, and (c) the date that the Acquisition
Agreement is terminated or expires.
		
	OPTIONAL PREPAYMENTS	  	
	AND COMMITMENT	  	
	REDUCTIONS:	  	The Borrower may prepay the Bridge Loans in whole or in part at any time without penalty, subject to reimbursement of the Lenders’ breakage and redeployment costs in the case of prepayment of LIBOR borrowings. At the
Borrower’s option, the unutilized portion of any commitment under the Bridge Facility may be irrevocably canceled in whole or in part at any time prior to the Closing Date without penalty. Loans under the Bridge Facility that have been
optionally prepaid may not be reborrowed.
		
	CONDITIONS PRECEDENT	  	
	TO CLOSING:	  	Subject to the Limited Conditionality Provisions in all respects, the closing (and the funding) of the Bridge Facility will be subject only to satisfaction of the conditions precedent set forth in Exhibit D to the Commitment
Letter.

  
 Exhibit B-4 

			
	DOCUMENTATION:	  	Subject to the Limited Conditionality Provisions in all respects, for purposes hereof, including the Commitment Letter and all exhibits and annexes thereto, the term “substantially the same as the Existing Revolving Credit
Agreement” and words of similar import means substantially the same as the Existing Revolving Credit Agreement with modifications (a) as are necessary to reflect the terms specifically set forth in the Commitment Letter (including the
exhibits thereto) (including the nature of the Bridge Facility as a bridge financing) and the Fee Letter, (b) to reflect any changes in law or accounting standards since the date of the Existing Revolving Credit Agreement, (c) to reflect
the operational or administrative requirements of the Administrative Agent, and (d) to the extent not inconsistent with the terms of the Commitment Letter (including all exhibits thereto), as agreed by the Borrower and the Lead Arrangers after
good faith consideration of comments from the Lead Arrangers and the syndicate of Lenders, on one hand, or the Borrower, on the other.
		
	REPRESENTATIONS	  	
	AND WARRANTIES:	  	Substantially the same as those in the Existing Revolving Credit Agreement (modified as appropriate for the Transactions), but in any event not to be any more onerous or restrictive than those in the Existing Revolving Credit
Agreement, and limited to: (i) existence, qualification and power; compliance with laws (ii) authorization, no contravention; (iii) governmental authorization, other consents; (iv) binding effect; (v) financial statements,
no material adverse effect; (vi) litigation; (vii) ownership of property; liens; (viii) anti-corruption laws and sanctions; (ix) taxes; (x) ERISA compliance; (xi) margin regulations; (xii) investment company act;
(xiii) disclosure; (xiv) no Specified Default and (xv) solvency (in each case, subject to materiality qualifiers, thresholds and other exceptions set forth in the Existing Revolving Credit Agreement).
		
		  	All representations made on the Closing Date shall be made after giving effect to the Acquisition.
		
	COVENANTS:	  	Substantially the same as those in the Existing Revolving Credit Agreement, modified as appropriate for the Transactions, but in any event not to be any more onerous or restrictive than those in the Existing Revolving Credit
Agreement and limited to:
		
		  	 (a)   Affirmative Covenants – (i) financial statements;
(ii) certificates and other information; (iii) notices; (iv) payment of obligations; (v) preservation of existence, etc.; (vi) maintenance of properties; (vii) maintenance of insurance; (viii) compliance with laws;
(ix) books and records; (x) inspection rights; (xi) use of proceeds; (xii) further assurances; and (xiii) designation of unrestricted subsidiaries (in each case, subject to materiality qualifiers, thresholds and other
exceptions set forth in the Existing Revolving Credit Agreement).

  
 Exhibit B-5 

			
		  	 (b)   Negative Covenants – Restrictions on (i) liens;
(ii) mergers and consolidations; (iii) subsidiary indebtedness; (iv) dispositions; (v) restricted payments; and (vi) use of proceeds (in each case, subject to baskets, thresholds and other exceptions set forth in the
Existing Revolving Credit Agreement).

		
		  	Other than as expressly provided herein, all covenants and events of default shall apply commencing on the Effective Date.
		
	FINANCIAL COVENANTS:	  	Maintenance by the Borrower, measured as of the last day of each fiscal quarter, beginning with the first full fiscal quarter after the Closing Date, on a consolidated basis, of:
		
		  	(a) a maximum Leverage Ratio (to be defined as set forth in the Existing Revolving Credit Agreement) no greater than 3.50x; provided that (i) at the election of the Borrower, the level set forth above shall be increased to
4.00x in connection with a Qualified Acquisition (as defined in the Existing Revolving Credit Agreement) (a “Qualified Acquisition Election”) for the four quarter period starting with the fiscal quarter in
which such Qualified Acquisition is consummated and continuing for the three fiscal quarters immediately following such fiscal quarter, and, for the avoidance of doubt, no other quarter-end (other than such
four quarter-ends); provided, that upon the Borrower’s return to the level set forth above after any such election, the Borrower must maintain such level for at least two fiscal quarters before it may elect to increase the level for a
subsequent time and (ii) at the election of the Borrower, the level set forth above shall be increased to 4.50x in connection with a Specified Qualified Acquisition (as defined in the Existing Revolving Credit Agreement) (a
“Specified Qualified Acquisition Election”) only for the eight quarter period starting with the fiscal quarter in which such Specified Qualified Acquisition is consummated; provided, further, that the applicable level
shall be reduced by 0.25x at the end of the second, fourth, sixth and seventh full fiscal quarters after the Specified Qualified Acquisition is consummated. The Borrower may make a Specified Qualified Acquisition Election only once during the life
of the Bridge Facility and may make a Qualified Acquisition Election only once during the life of the Amended Revolving Credit Agreement; provided, further that at any time that the Existing Revolving Credit Agreement remains in place, if the
leverage ratio covenant thereunder is more restrictive than the leverage ratio covenant under the Bridge Facility, the leverage ratio covenant under the Bridge Facility shall be deemed to be amended to be consistent with such more restrictive
leverage ratio; and
		
		  	(b) a minimum interest coverage ratio (consolidated EBITDA/consolidated interest charges) set at 3.0x for all testing periods (same as the Existing Revolving Credit Agreement).

  
 Exhibit B-6 

			
		
	 EVENTS OF DEFAULT:
	  	Substantially the same as those set forth in the Existing Revolving Credit Agreement and in any event not to be any more onerous or restrictive than those in the Existing Revolving Credit Agreement, and limited to:
(i) nonpayment of principal, and, subject to grace periods consistent with the Existing Revolving Credit Agreement, interest, fees or other amounts; (ii) any representation or warranty proving to have been incorrect when made or confirmed
in any material and adverse respect; (iii) failure to perform or observe covenants set forth in the Credit Documentation, subject to a grace period of 30 days with respect to certain covenants consistent with the Existing Revolving Credit
Agreement after notice of such failure; (iv) cross-default to other indebtedness in an aggregate principal amount exceeding $300 million; (v) bankruptcy and insolvency defaults (with 60-day
grace period for involuntary proceedings); (vi) monetary judgment defaults in an aggregate amount exceeding $300 million which are not covered by insurance and which remain unpaid and unstayed for a period of 60 days; (vii) actual or
asserted invalidity of any Credit Documentation by the Borrower or any of its subsidiaries; (viii) change of control (to be defined as set forth in the Existing Revolving Credit Agreement); and (ix) ERISA defaults (in each case, subject to
materiality qualifiers, notice requirements, thresholds and other exceptions set forth in the Existing Revolving Credit Agreement).
		
	ASSIGNMENTS AND 	  	
	PARTICIPATIONS:	  	Each Lender will be permitted to make assignments in a minimum amount of $5,000,000 to other financial institutions (other than Disqualified Institutions) approved by the Administrative Agent and, so long as no bankruptcy or payment
Event of Default has occurred and is continuing, the Borrower, which approval shall not be unreasonably withheld or delayed; provided, however, that (x) the Borrower shall be deemed to have consented to any assignment unless it shall
have objected thereto within 10 business days following receipt of written notice thereof, (y) neither the approval of the Borrower nor the Administrative Agent shall be required in connection with assignments to other Lenders, to any affiliate
of a Lender, or to any Approved Fund (as such term is defined in the Existing Revolving Credit Agreement) and (z) Borrower’s consent to assignments shall not be required to the extent not required pursuant to the syndication provisions of
the Commitment Letter. Notwithstanding the foregoing, however, any Lender assigning a commitment (prior to the funding of the Bridge Loans) shall be required to obtain the approval of the Administrative Agent, unless the proposed assignee is already
a Lender. An assignment fee of $3,500 will be charged with respect to each assignment unless waived by the Administrative Agent in its sole discretion. Each Lender will also have the right, without

  
 Exhibit B-7 

			
		  	consent of the Borrower or the Administrative Agent, to assign as security all or part of its rights under the Credit Documentation to any Federal Reserve Bank. Lenders will be permitted to sell participations with voting rights
limited to significant matters such as changes in amount, rate and maturity date.
		
	WAIVERS AND	  	
	AMENDMENTS:	  	Amendments and waivers of the provisions of the Credit Documentation will require the approval of Lenders holding Bridge Loans and commitments representing more than 50% of the aggregate amount of Bridge Loans and commitments under
the Bridge Facility (the “Required Lenders”), except that (a) the consent of each Lender shall be required with respect to (i) the amendment of certain pro rata sharing provisions and (ii) the amendment of voting percentages
of the Lenders; and (b) the consent of each Lender affected thereby shall be required with respect to (i) increases or extensions in the commitment of such Lender; (ii) reductions of principal, interest or fees payable to such Lender (other
than any waiver of the imposition of interest at the default rate); and (iii) extensions of scheduled maturities or times for payment to such Lender.
		
	INDEMNIFICATION:	  	Substantially the same as the Existing Revolving Credit Agreement.
		
	EUROPEAN UNION	  	
	BAIL-IN:	  	The Credit Documentation will contain a standard European Union bail-in acknowledgement.
		
	GOVERNING LAW:	  	New York.
		
	PRICING/FEES/ EXPENSES:	  	As set forth in Addendum I.
		
	 COUNSEL TO THE

ADMINISTRATIVE AGENT
	  	
	AND LEAD ARRANGERS:	  	Davis Polk & Wardwell LLP.

  
 Exhibit B-8 

 ADDENDUM I 

PRICING, FEES AND EXPENSES 
  

			
	INTEREST RATES:	  	At the Borrower’s option, any Bridge Loan that is made to it will bear interest at a rate equal to (i) LIBOR plus the Applicable Margin, or (ii) the Alternate Base Rate (to be defined as the highest of
(a) the rate last quoted by The Wall Street Journal as the “prime rate” or, if The Wall Street Journal ceases to quote such rate, the highest rate per annum published by the Federal Reserve Board as the “bank prime loan”
rate or, if such rate is no longer quoted, any similar release by the Federal Reserve Board (the “Prime Rate”), (b) the Federal Funds rate plus 0.50% and (c) one month LIBOR plus 1%) plus the Applicable Margin minus
1.00%. The Borrower may select interest periods of 1, 2, 3 or 6 months (or such other periods as all Lenders may agree) for LIBOR loans, subject to availability. Interest shall be payable at the end of the selected interest period, but no less
frequently than quarterly. In no event shall LIBOR be less than 0%.
		
		  	At the election of the Required Lenders or the Administrative Agent in the event of a payment event of default or automatically upon the occurrence of a bankruptcy event of default, a default rate shall apply on overdue amounts
under the Bridge Facility at a rate per annum of 2% above the applicable interest rate (in the case of overdue principal) and 2% above the rate applicable to Alternate Base Rate Loans (in the case of all other overdue amounts).
		
	APPLICABLE MARGIN:	  	The Applicable Margin for LIBOR loans and Alternate Base Rate loans shall be, at any time, the applicable rate per annum set forth in the table below corresponding to the long term unsecured senior,
non-credit enhanced debt rating of the Borrower by S&P and/or Moody’s at such time (or, in the absence of such a debt rating, a comparable credit or issuer rating of the Borrower as reasonably
determined by the Administrative Agent) (the “Public Debt Ratings”). The provisions set forth in the Existing Credit Agreement with respect to split ratings or absence of ratings shall apply.

  

											
	 	  	Public Debt Ratings
	 Period
	  	A- (or higher)
/ A3 (or
higher)	  	BBB+ /
Baa1	  	 BBB /

Baa2
	  	 BBB- /
Baa3
	  	 Less than
BBB-
/
Baa3

	 Closing Date until 89 days following the Closing Date
	  	100.0 bps	  	112.5 bps	  	125.0 bps	  	137.5 bps	  	162.5 bps
	 90th day following the Closing Date until 179th day following the Closing Date
	  	125.0 bps	  	137.5 bps	  	150.0 bps	  	162.5 bps	  	187.5 bps
	 180th day following the Closing Date until 269th day following the Closing Date
	  	150.0 bps	  	162.5 bps	  	175.0 bps	  	187.5 bps	  	212.5 bps
	 From and after the 270th day following the Closing Date
	  	175.0 bps	  	187.5 bps	  	200.0 bps	  	212.5 bps	  	237.5 bps

  
 Exhibit B-9 

			
	LIBOR SUCCESSOR RATE:	  	Substantially the same as the Existing Revolving Credit Agreement.
		
	DURATION FEES: 	  	The Borrower will pay, on each applicable date, a fee for the ratable benefit of the Lenders, in an amount equal to the applicable percentage set forth in the table below of the aggregate principal amount of the Bridge Loans
outstanding on such date.

  

			
	Date	  	 
	90th day following the Closing Date	  	50.0 bps
	180th day following the Closing Date	  	75.0 bps
	270th day following the Closing Date	  	100.0 bps

  

			
	UNDRAWN	  	
	COMMITMENT FEES:	  	The Borrower will pay a fee (the “Undrawn Commitment Fee”), for the ratable benefit of the Lenders, based on the undrawn portion of the commitments in respect of the Bridge Facility under
the Credit Documentation in an amount equal the applicable rate per annum set forth in the table below corresponding to the Borrower’s Public Debt Ratings. The Undrawn Commitment Fee shall accrue from and including the later of (x) the date
that is 90 days after the Signing Date and (y) the Effective Date to but excluding the earlier of (i) termination or expiration of the commitments under the Bridge Facility and (ii) the Closing Date (such earlier date, the “Fee
Payment Date”) and shall by be due and payable on the Fee Payment Date and be calculated based on the number of days (if any) elapsed in a 360-day year. The provisions set forth in the Existing Credit Agreement with respect to
split ratings or absence of ratings shall apply.

  

											
	 	  	Public Debt Ratings
	 	  	A- (or higher)
/ A3 (or
higher)	  	BBB+ /
Baa1	  	BBB /
Baa2	  	BBB- /
Baa3	  	Less than
BBB- /
Baa3
	 Undrawn Commitment Fee
	  	10.0 bps	  	12.5 bps	  	15.0 bps	  	17.5 bps	  	22.5 bps

  

			
	CALCULATION OF	  	
	INTEREST AND FEES:	  	Other than calculations in respect of interest at the Prime Rate (which shall be made on the basis of actual number of days elapsed in a 365/366 day year), all calculations of interest and fees shall be made on the basis of actual
number of days elapsed in a 360-day year.
		
	COST AND YIELD	  	
	PROTECTION:	  	Substantially the same as the Existing Revolving Credit Agreement.
		
	EXPENSES:	  	Substantially the same as the Existing Revolving Credit Agreement.

  
 Exhibit B-10 

 Exhibit C 

SUMMARY OF AMENDMENT TERMS 
 Capitalized
terms not otherwise defined in the Commitment Letter to which this Exhibit C is attached are used as defined in the Existing Revolving Credit Agreement.1 

 

	 	1.	 Section 1.01 (Definitions): 

 

	 	a.	 Add definition of “Amendment Effective Date” and define to mean the date on which the Amendment
becomes effective. 

  

	 	b.	 Add definition of “Wrangler Acquisition” and define to mean the acquisition of the Acquired Company
and related mergers effected by the Acquisition Agreement as in effect on the date of the Amendment Effective Date (with such modifications and waivers only to the extent permitted pursuant to clause (i) of Exhibit D). (*)

  

	 	c.	 Add definition of “Wrangler Closing Date” and define to mean the closing of the Wrangler Acquisition.
(*) 

  

	 	d.	 Add definition of “Wrangler Transactions” and define to mean the Wrangler Acquisition and all related
financing
 transactions. (*) 

  

	 	2.	 Section 4.02 (Conditions to All Credit Extensions): Specify that the borrowing of the Specified Revolving
Loans on the Wrangler Closing Date to finance the Transactions is subject only to the satisfaction of the conditions set forth in Exhibit D. (*) 

  

	 	3.	 Article 5 (Representations and Warranties): Add a representation and warranty relating to the Specified
Defaults (as defined in Exhibit B) that would be made only with respect to the drawing of the Specified Revolving Loans on the Wrangler Closing Date. (*) 

  

	 	4.	 Any other amendments to be mutually agreed by the Borrower and the Lead Arrangers. 

 

	1 	 Items that are marked with an asterisk shall become effective only if the Wrangler Closing Date occurs.

  
 Exhibit C-1 

 Exhibit D 

CONDITIONS PRECEDENT TO CLOSING 

Capitalized terms used but not otherwise defined in this Exhibit D shall have the meanings set forth in the Commitment Letter and the other
Exhibits to the Commitment Letter to which this Exhibit D is attached. The funding of the Bridge Facility will be subject solely to satisfaction of the following conditions precedent: 

(i) The definitive agreement with respect to the Acquisition, the Agreement and Plan of Merger dated as of March 17, 2019, among the
Borrower, Merger Sub and the Acquired Company (the “Acquisition Agreement”) shall not have been altered, amended or otherwise changed or supplemented or any provision waived or consented to in a manner that is
materially adverse to the Commitment Parties without the prior written consent of the Lead Arrangers (such consent not to be unreasonably withheld, delayed or conditioned); it being understood and agreed that (a) any change in the purchase
price consideration not exceeding a 10% increase or decrease in the aggregate purchase price consideration to be paid under the Acquisition Agreement will be deemed to not be materially adverse to the interests of the Lenders and will not require
the prior written consent of the Lead Arrangers; provided that any reduction of the cash portion of the purchase price consideration shall be allocated first to reduce Tranche A of the Bridge Facility until the commitments in respect of
Tranche A of the Bridge Facility are reduced to zero, then to reduce Tranche B of the Bridge Facility and (b) the granting of any consent under the Acquisition Agreement that is not materially adverse to the interest of the Commitment Parties
shall not otherwise constitute an amendment or waiver). The Acquisition shall have been, or shall concurrently with the funding of the Bridge Facility be, consummated in accordance with the terms of the Acquisition Agreement, as such terms may be
altered, amended or otherwise changed, supplemented, waived or consented to in accordance with the immediately preceding sentence. 

(ii) (x) The Acquisition Agreement Representations shall be true and correct in all material respects (provided that any Acquisition
Agreement Representation that is qualified as to “materiality”, “Material Adverse Effect” (as defined in the Acquisition Agreement as in effect on the Signing Date) or similar language shall be true and correct in all respects),
in each case to the extent provided in clause (a)(i) of Section 5 of the Commitment Letter, and (y) the Specified Representations shall be true and correct in all material respects. 

(iii) Subject to the Limited Conditionality Provisions in all respects, the Borrower and each other borrower or guarantor party thereto shall
have executed and delivered the Credit Documentation and the Lenders shall have received customary opinions of counsel to the Borrower and corporate resolutions and customary closing certificates. 

(iv) The Lead Arrangers and the Lenders shall have received: (A) audited consolidated balance sheets of the Borrower and the Acquired
Company and related consolidated statements of income or operations, equity and cash flows, for each of the three most recently completed fiscal years ended at least 60 days before the Closing Date, including, an unqualified audit report thereon (it
being acknowledged that the Lead Arrangers and the Lenders have received such financial statements for the fiscal years of the Borrower and the Acquired Company ended December 31, 2018, December 31, 2017 and December 31, 2016);
(B) as soon as available and in any event within 40 days after the end of each subsequent fiscal quarter (other than the fourth fiscal quarter of any fiscal year), an unaudited consolidated balance sheet of each of the Borrower and the Acquired
Company and related consolidated statements of income or operations, equity and cash flows for such fiscal quarter and for the elapsed 

  
 Exhibit D-1 

 
interim period following the last completed fiscal year and for the comparable periods of the prior fiscal year (the “Quarterly Financial Statements”); and (C) pro
forma consolidated balance sheet and related consolidated statement of income or operations of the Borrower for the last completed fiscal year and for the latest interim period covered by the Quarterly Financial Statements, in each case after giving
effect to the Transactions, promptly after the historical financial statements for such periods are available, all of which financial statements shall be prepared in accordance with generally accepted accounting principles in the United States and
meet the requirements of Regulation S-X under the Securities Act and all other accounting rules and regulations of the Securities and Exchange Commission promulgated thereunder applicable to a registration
statement under the Securities Act on Form S-3 (other than customary exceptions in the case of a Rule 144A offering of high-yield debt securities, including, without limitation, the requirements of Sections 3-10 and 3-16 of Regulation S-X, Item 402 of Regulation S-K and information regarding executive
compensation); provided, that the Borrower’s and the Acquired Company’s public filing of any required financial statements with the U.S. Securities and Exchange Commission shall satisfy the requirements of clauses (A) and (B)
of this paragraph (iv). 
 (v) All fees due to the Administrative Agent, the Lead Arrangers and the Lenders shall have been paid, and all
expenses to be paid or reimbursed to the Administrative Agent and the Lead Arrangers that have been invoiced at least two business days prior to the Closing Date shall have been paid. 

(vi) The Lead Arrangers shall have received reasonably satisfactory evidence of the substantially concurrent consummation of the Refinancing.

 (vii) The Borrower shall have engaged one or more investment banks reasonably satisfactory to the Lead Arrangers to publicly sell or
privately place the New Notes and other debt and equity securities for the purpose of replacing or refinancing the Bridge Facility. The Lead Arrangers confirm that the investment banks engaged by the Borrower on or about the date hereof are
reasonably satisfactory to them. 
 (viii) The Lead Arrangers shall have received a solvency certificate from the chief financial officer of
the Borrower in the form attached as Annex I hereto, certifying that the Borrower and its subsidiaries, on a consolidated basis after giving effect to the Transactions, are solvent. 

(ix) To the extent reasonably requested by the Commitment Parties at least 10 business days in advance of the Closing Date, the Borrower shall
have provided the documentation and other information to the Administrative Agent that are required by regulatory authorities under applicable “know-your-customer” rules and regulations, including the USA Patriot Act, and if the Borrower
qualifies as a “legal entity customer” under the Beneficial Ownership Regulation (31 C.F.R. § 1010.230) the Borrower shall deliver, to each Lender that so requests, a customary beneficial ownership certification, in each case at least
three business days prior to the Closing Date. 
 (x) Except (a) as disclosed in the Company Disclosure Schedule (as defined, for
purposes of this paragraph (x), in the Acquisition Agreement as in effect on the Signing Date); provided that (i) the mere inclusion of an item in the Company Disclosure Schedule as an exception to a representation or warranty shall not
be deemed an admission by the Company (as defined, for purposes of this paragraph (x), in the Acquisition Agreement as in effect on the Signing Date) that such item represents a material exception or fact, event or circumstance or that such item
would reasonably be likely to result in a Material Adverse Effect (as defined, for purposes of this paragraph (x), in the Acquisition Agreement as in effect on the Signing Date) on the Company and (ii) any disclosures made with respect to a
section of Article III of the Acquisition Agreement shall be deemed to qualify (A) any other section of Article III of the Acquisition Agreement specifically referenced or cross-referenced and (B) other sections of Article III of the
Acquisition Agreement to the extent it is reasonably apparent on its face (notwithstanding the 

  
 Exhibit D-2 

 
absence of a specific cross-reference) from a reading of the disclosure that such disclosure applies to such other sections or (b) as disclosed in any Company Reports (as defined, for
purposes of this paragraph (x), in the Acquisition Agreement as in effect on the Signing Date) publicly filed by the Company after January 1, 2018 and prior to March 16, 2019 (but disregarding risk factor disclosures contained under any
“Risk Factors” heading, or disclosures of risks set forth in any “forward-looking statements” disclaimer or any other statements that are similarly non-specific or cautionary, predictive or
forward-looking in nature), since December 31, 2018, there has not been any effect, change, event, circumstance, condition, occurrence or development that has or would reasonably be likely to have, either individually or in the aggregate, a
Material Adverse Effect on the Company. 

  
 Exhibit D-3 

 ANNEX I 

FORM OF 
 SOLVENCY
CERTIFICATE 
 [                ],
20         
 This Solvency Certificate is delivered pursuant to Section
[    ] of the Credit Agreement dated as of [                ], 20        , among
[                ] (the “Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to
such terms in the Credit Agreement. 
 The undersigned hereby certifies, solely in his capacity as an officer of the Borrower and not in his
individual capacity, as follows: 
 1. I am the Chief Financial Officer of the Borrower. I am familiar with the Transactions,
and have reviewed the Credit Agreement, financial statements referred to in Section [    ] of the Credit Agreement and such documents and made such investigation as I have deemed relevant for the purposes of this Solvency
Certificate. 
 2. As of the date hereof, immediately after giving effect to the consummation of the Transactions, on and as
of such date (i) the fair value of the assets of the Borrower and its subsidiaries on a consolidated basis, at a fair valuation, will exceed the debts and liabilities, direct, subordinated, contingent or otherwise, of the Borrower and its
subsidiaries on a consolidated basis; (ii) the present fair saleable value of the property of the Borrower and its subsidiaries on a consolidated basis will be greater than the amount that will be required to pay the probable liability of the
Borrower and its subsidiaries on a consolidated basis on their debts and other liabilities, direct, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (iii) the Borrower and its subsidiaries
on a consolidated basis will be able to pay their debts and liabilities, direct, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (iv) the Borrower and its subsidiaries on a consolidated
basis will not have unreasonably small capital with which to conduct the businesses in which they are engaged as such businesses are now conducted and are proposed to be conducted following the Closing Date. 

3. As of the date hereof, immediately after giving effect to the consummation of the Transactions, the Borrower does not intend
to, and the Borrower does not believe that it or any of its subsidiaries will, incur debts beyond its ability to pay such debts as they mature, taking into account the timing and amounts of cash to be received by it or any such subsidiary and the
timing and amounts of cash to be payable on or in respect of its debts or the debts of any such subsidiary. 
 This Solvency Certificate is
being delivered by the undersigned officer only in his capacity as Chief Financial Officer of the Borrower and not individually and the undersigned shall have no personal liability to the Administrative Agent or the Lenders with respect thereto.

 [Remainder of Page Intentionally Left Blank] 

  
 Annex I-1 

 IN WITNESS WHEREOF, the undersigned has executed this Solvency Certificate on the date first
written above. 
  

					
	[BORROWER]
			
		 	By:	 	
			
		 		 	  

		 		 	Name:
		 		 	Title:   Chief Financial Officer

  
 Annex I-2EX-10.1

 Exhibit 10.1 

THIRD AMENDMENT TO 
 LOAN
AGREEMENT 
 THIS THIRD AMENDMENT TO LOAN AGREEMENT (this “Amendment”), with an effective date as of December 29,
2018, is made by and among SCHOOL SPECIALTY, INC., a Delaware corporation (“Borrower”), each Guarantor (as defined in the Loan Agreement) party hereto, the Lenders identified on the signature pages hereof and TCW ASSET
MANAGEMENT COMPANY LLC, as agent for the Lenders (“Agent”). 
 WHEREAS, Borrower, the Guarantors from time to time
party thereto, Agent, and the Lenders from time to time party thereto are parties to that certain Loan Agreement dated as of April 7, 2017 (as amended, restated, supplemented or otherwise modified from time to time, the “Loan
Agreement”); and 
 WHEREAS, Borrower has requested that Agent and the Lenders amend the Loan Agreement in certain respects as set
forth herein, and Agent and the Lenders have agreed to the foregoing, on the terms and conditions set forth herein. 
 NOW THEREFORE, in
consideration of the premises and mutual agreements herein contained, the parties hereto agree as follows: 
 1. Defined Terms. Unless
otherwise defined herein, capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in the Loan Agreement. 

2. Amendments to Loan Agreement. Subject to the satisfaction of the conditions set forth in Section 5 below and in reliance
upon the representations and warranties of Borrower and the Guarantors party hereto set forth in Section 6 below, effective as of the Third Amendment Effective Date, the Loan Agreement is amended as follows: 

(A) The Loan Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example:
stricken text) and to add the bold and double-underlined text (indicated textually in the same manner as the following example: bold and double-underlined text) as
set forth in the amended Loan Agreement attached hereto as Exhibit A (the “Amended Loan Agreement”), and any term or provision of the Loan Agreement which is different from that set forth in the Amended Loan Agreement shall be
replaced and superseded in all respects by the terms and provisions of the Amended Loan Agreement. 
 (B) Exhibit C to the Loan Agreement is
hereby amended and restated as set forth on the attached Exhibit B. 
 3. Continuing Effect. Except as expressly set forth in
Section 2 of this Amendment, nothing in this Amendment shall constitute a modification or alteration of the terms, conditions or covenants of the Loan Agreement or any other Loan Document, or a waiver of any other terms or provisions thereof,
and the Loan Agreement and the other Loan Documents shall remain unchanged and shall continue in full force and effect, in each case as amended hereby. 

 4. Reaffirmation and Confirmation. Each of Borrower and each Guarantor party hereto
hereby ratifies, affirms, acknowledges and agrees that the Loan Agreement and the other Loan Documents represent the valid, enforceable and collectible obligations of Borrower and the Guarantors, and further acknowledges that there are no existing
claims, defenses, personal or otherwise, or rights of setoff whatsoever with respect to the Loan Agreement or any other Loan Document. Each of Borrower and each Guarantor party hereto hereby agrees that this Amendment in no way acts as a release or
relinquishment of the Liens and rights securing payments of the Obligations. The Liens and rights securing payment of the Obligations are hereby ratified and confirmed by Borrower and the Guarantors party hereto in all respects. 

5. Conditions to Effectiveness of Amendment. This Amendment shall become effective as of the date first written above upon the
satisfaction of each of the following conditions precedent: 
 (a) Each party hereto shall have executed and delivered this Amendment to
Agent; 
 (b) Agent shall have received a fully executed copy, in form and substance reasonably satisfactory to Agent, of a conforming
amendment to the Revolving Loan Agreement; 
 (c) Agent shall have received a fully executed copy, in form and substance satisfactory to
Agent, of that certain First Amendment to Fee Letter between Agent and Borrower; 
 (d) Agent shall have received a fully executed copy, in
form and substance satisfactory to Agent, of that certain Consent and Amendment No. 1 to Intercreditor Agreement by and between Agent and the Revolving Loan Agent; 

(e) Agent shall have received evidence that Andrews Advisory Group LLC has received from Borrower a refundable retainer in the amount of
$75,000; 
 (f) Agent shall have received, in form and substance reasonably satisfactory to Agent, copies of resolutions of the board of
directors (or other equivalent governing body or member) of Borrower authorizing the execution, delivery and performance of this Amendment and the First Amendment to Fee Letter; 

(g) All proceedings taken in connection with the transactions contemplated by this Amendment and all documents, instruments and other legal
matters incident thereto shall be reasonably satisfactory to Agent and its legal counsel; 
 (h) Agent shall have received payment of all
fees payable to Agent and Lenders pursuant to the terms of the Fee Letter, and all other fees, charges and disbursements of Agent and its counsel required to be paid pursuant to the Loan Agreement in connection with the preparation, execution and
delivery of this Amendment and all other instruments or documents provided for herein or delivered or to be delivered hereunder or in connection herewith that have been invoiced on or before the date hereof; and 

  
 -2- 

 (i) No Default or Event of Default shall have occurred and be continuing. 

6. Representations and Warranties. In order to induce Agent and Lenders to enter into this Amendment, each of Borrower and each
Guarantor party hereto hereby represents and warrants to Agent and Lenders that, after giving effect to this Amendment: 
 (a) All
representations and warranties contained in the Loan Agreement and the other Loan Documents (other than the representations and warranties contained in Schedules 2(c), 2(d) and 11 of the Perfection Certificate) are true and correct in all material
respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) on and as of the date of this Amendment, in each case as if
made on and as of such date, other than representations and warranties that expressly relate solely to an earlier date (in which case such representations and warranties were true and correct in all material respects (except that such materiality
qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) on and as of such earlier date); 

(b) No Default or Event of Default has occurred and is continuing; and 

(c) This Amendment and the Loan Agreement, as amended hereby, constitute legal, valid and binding obligations of Borrower and the Guarantors
and are enforceable against Borrower and the Guarantors in accordance with their respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or
limiting creditors’ rights generally. 
 7. Post-Closing Covenants. 

(a) On or prior to the date that is 30 days after the delivery date of this Amendment (or such later date as may be agreed by Agent in its sole
discretion), Borrower shall deliver to Agent a fully executed copy of an Amended and Restated Perfection Certificate, completed and supplemented with the schedules contemplated thereby to the satisfaction of the Agent. 

(b) Any failure by Borrower to comply with the requirements of this Section 7 shall constitute an immediate Event of Default. 

8. Miscellaneous. 
 (a)
Expenses. Borrower agrees to pay on demand all expenses of Agent in connection with the preparation, negotiation, execution, delivery and administration of this Amendment in accordance with the terms of the Loan Agreement. 

(b) Governing Law. This Amendment shall be a contract made under and governed by, and construed in accordance with the internal laws of
the State of New York. 

  
 -3- 

 (c) Counterparts. This Amendment may be executed in any number of counterparts, and
by the parties hereto on the same or separate counterparts, and each such counterpart, when executed and delivered, shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment. Delivery of an
executed signature page of this Amendment by facsimile transmission or electronic photocopy (i.e. “pdf”) shall be effective as delivery of a manually executed counterpart hereof. 

9. Release. In consideration of the agreements of Agent and Lenders contained herein and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, each of Borrower and each Guarantor party hereto, on behalf of itself and its respective successors, assigns, and other legal representatives, hereby absolutely, unconditionally and
irrevocably releases, remises and forever discharges Agent and Lenders, and their successors and assigns, and their present and former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents
and other representatives (Agent, each Lender and all such other Persons being hereinafter referred to collectively as the “Releasees” and individually as a “Releasee”), of and from all demands, actions, causes of
action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims, defenses, rights of set-off, demands
and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every name and nature, known or unknown, suspected or unsuspected, as of the date of this Amendment, both at law and in equity,
which Borrower or any Guarantor, or any of their respective successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance,
action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Amendment, in each case for or on account of, or in relation to, or in any way in connection with any of the Loan Agreement, or any of the other Loan
Documents or transactions thereunder or related thereto. 
 [Signature pages follow] 

  
 -4- 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized and delivered on March 13, 2019, with an effective date as of December 29, 2018. 
  

			
	BORROWER:
	
	SCHOOL SPECIALTY, INC.
		
	By:	 	 /s/ Ryan M. Bohr

	Name:	 	Ryan M. Bohr
	Title:	 	EVP—Chief Operating Officer
	
	GUARANTORS:
	
	 CLASSROOMDIRECT.COM, LLC,
 a
Delaware limited liability company

		
	By:	 	 /s/ Ryan M. Bohr

	Name:	 	Ryan M. Bohr
	Title:	 	President
	
	 SPORTIME, LLC,
 a Delaware
limited liability company

		
	By:	 	 /s/ Ryan M. Bohr

	Name:	 	Ryan M. Bohr
	Title:	 	President
	
	 DELTA EDUCATION, LLC,
 a
Delaware limited liability company

		
	By:	 	 /s/ Ryan M. Bohr

	Name:	 	Ryan M. Bohr
	Title:	 	President

 Signature Page to Third Amendment to Loan Agreement 

 
			
	 PREMIER AGENDAS, LLC,
 a
Delaware limited liability company

		
	By:	 	 /s/ Ryan M. Bohr

	Name:	 	Ryan M. Bohr
	Title:	 	President
	
	 CHILDCRAFT EDUCATION, LLC,
 a
Delaware limited liability company

		
	By:	 	 /s/ Ryan M. Bohr

	Name:	 	Ryan M. Bohr
	Title:	 	President
	
	 BIRD-IN-HAND WOODWORKS, LLC,

a Delaware limited liability company

		
	By:	 	 /s/ Ryan M. Bohr

	Name:	 	Ryan M. Bohr
	Title:	 	President
	
	 CALIFONE INTERNATIONAL, LLC,

a Delaware limited liability company

		
	By:	 	 /s/ Ryan M. Bohr

	Name:	 	Ryan M. Bohr
	Title:	 	President
	
	 SSI GUARDIAN, LLC,
 a
Delaware limited liability company

		
	By:	 	 /s/ Ryan M. Bohr

	Name:	 	Ryan M. Bohr
	Title:	 	CEO

 Signature Page to Third Amendment to Loan Agreement 

 
			
	AGENT:
	
	 TCW ASSET MANAGEMENT COMPANY LLC,

as Agent

		
	By:	 	 /s/ Suzanne Grosso

	Name:	 	Suzanne Grosso
	Title:	 	Managing Director
	
	LENDERS:
	
	 TCW DIRECT LENDING LLC,
 as a
Lender

	By TCW Asset Management Company LLC
	Its Investment Advisor
		
	By:	 	 /s/ Suzanne Grosso

	Name:	 	Suzanne Grosso
	Title:	 	Managing Director
	
	TCW DIRECT LENDING STRATEGIC VENTURES LLC,
	as a Lender
		
	By:	 	 /s/ Suzanne Grosso

	Name:	 	Suzanne Grosso
	Title:	 	Managing Director
	
	 WEST VIRGINIA DIRECT LENDING LLC,

as a Lender

	 By: TCW Asset Management Company LLC,

its Investment Advisor

		
	By:	 	 /s/ Suzanne Grosso

	Name:	 	Suzanne Grosso
	Title:	 	Managing Director

 Signature Page to Third Amendment to Loan Agreement 

 
			
	TCW BRAZOS FUND LLC,
	as a Lender
	 By: TCW Asset Management Company LLC,

its Investment Advisor

		
	By:	 	 /s/ Suzanne Grosso

	Name:	 	Suzanne Grosso
	Title:	 	Managing Director
	
	 TCW SKYLINE LENDING, L.P.,

as a Lender

	 By: TCW Asset Management Company LLC,

its Investment Advisor

		
	By:	 	 /s/ Suzanne Grosso

	Name:	 	Suzanne Grosso
	Title:	 	Managing Director

 Signature Page to Third Amendment to Loan Agreement 

 
			
	CERBERUS AUS LEVERED HOLDINGS III LLC,
	as a Lender

 
			
		
	By:	 	 /s/ Daniel E. Wolf

	Name:	 	Daniel E. Wolf
	Title:	 	Vice President

 
			
	
	CERBERUS AUS LEVERED HOLDINGS LP,
	as a Lender	 	

 
			
	By:	 	CAL I GP Holdings LLC
	Its:	 	General Partner

 
			
		
	By:	 	 /s/ Daniel E. Wolf

	Name:	 	Daniel E. Wolf
	Title:	 	Senior Managing Director
	
	 CERBERUS AUS LEVERED II LP,

as a Lender

 
			
	By:	 	CAL I GP Holdings LLC
	Its:	 	General Partner

 
			
		
	By:	 	 /s/ Daniel E. Wolf

	Name:	 	Daniel E. Wolf
	Title:	 	Vice President
	
	 CERBERUS ICQ OFFSHORE LEVERED LP,

as a Lender

 
			
	By:	 	Cerberus ICQ Offshore GP LLC
	Its:	 	General Partner

 
			
		
	By:	 	 /s/ Daniel E. Wolf

	Name:	 	Daniel E. Wolf
	Title:	 	Senior Managing Director

 Signature Page to Third Amendment to Loan Agreement 

 
			
	CERBERUS ICQ OFFSHORE LOAN
	 OPPORTUNITIES MASTER FUND, L.P.,

as a Lender

	By:	 	Cerberus ICQ Offshore Levered GP, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Daniel E. Wolf

	Name:	 	Daniel E. Wolf
	Title:	 	Senior Managing Director
	
	 CERBERUS LOAN FUNDING XXI, L.P.,

as a Lender

	By:	 	Cerberus LFGP XXI, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Daniel E. Wolf

	Name:	 	Daniel E. Wolf
	Title:	 	Senior Managing Director
	
	CERBERUS OFFSHORE LEVERED LOAN
	 OPPORTUNITIES MASTER FUND III, L.P.,

as a Lender

	By:	 	Cerberus Offshore Levered Opportunities III GP, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Daniel E. Wolf

	Name:	 	Daniel E. Wolf
	Title:	 	Senior Managing Director
	
	 CERBERUS REDWOOD LEVERED A LLC,

as a Lender

		
	By:	 	 /s/ Daniel E. Wolf

	Name:	 	Daniel E. Wolf
	Title:	 	Vice President

 Signature Page to Third Amendment to Loan Agreement 

 
			
	 CERBERUS REDWOOD LEVERED B LLC,

as a Lender

		
	By:	 	 /s/ Daniel E. Wolf

	Name:	 	Daniel E. Wolf
	Title:	 	Vice President
	
	CERBERUS REDWOOD LEVERED LOAN
	 OPPORTUNITIES FUND A, L.P.,

as a Lender

	By:	 	Cerberus Redwood Levered Opportunities GP A, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Daniel E. Wolf

	Name:	 	Daniel E. Wolf
	Title:	 	Senior Managing Director
	
	CERBERUS REDWOOD LEVERED LOAN
	 OPPORTUNITIES FUND B, L.P.,

as a Lender

	By:	 	Cerberus Redwood Levered Opportunities GP B, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Daniel E. Wolf

	Name:	 	Daniel E. Wolf
	Title:	 	Senior Managing Director
	
	 CERBERUS SWC LEVERED II LLC,

as a Lender

		
	By:	 	 /s/ Daniel E. Wolf

	Name:	 	Daniel E. Wolf
	Title:	 	Vice President
	
	CERBERUS SWC LEVERED LOAN
	 OPPORTUNITIES MASTER FUND, L.P.,

as a Lender

	By:	 	Cerberus SWC Levered Opportunities GP, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Daniel E. Wolf

	Name:	 	Daniel E. Wolf
	Title:	 	Senior Managing Director

 Signature Page to Third Amendment to Loan Agreement 

 EXHIBIT A 

See Attached 

  

LOAN AGREEMENT 
 Dated as
of April 7, 2017 
  
  

 
  

SCHOOL SPECIALTY, INC., 

as Borrower, 
 CERTAIN OF ITS
SUBSIDIARIES, 
 as Guarantors, 
  

 
  

 
 THE FINANCIAL INSTITUTIONS PARTY
HERETO, 
 as Lenders 
 and

 TCW ASSET MANAGEMENT COMPANY LLC, 

as Agent 
  

 

 TABLE OF CONTENTS 

 

					
		  		  	Page
	 SECTION 1.
	  	DEFINITIONS; RULES OF CONSTRUCTION	  	1
			
	 1.1
	  	Definitions	  	1
	 1.2
	  	Accounting Terms	  	<37>38
	 1.3
	  	Uniform Commercial Code	  	<37>38
	 1.4
	  	Certain Matters of Construction	  	<37>38
			
	 SECTION 2.
	  	LOANS, PAYMENTS	  	<38>39
			
	 2.1
	  	Term Loan	  	<38>39
	 2.2
	  	General Provisions Regarding Payment; Register	  	<41>43
	 2.3
	  	Mandatory Prepayments; Voluntary Commitment Reductions and Prepayments	  	<42>43
	 2.4
	  	Allocation of Payments After Event of Default	  	<44>46
	 2.5
	  	Use of Proceeds	  	<45>47
			
	 SECTION 3.
	  	INTEREST AND FEES	  	<45>47
			
	 3.1
	  	Interest	  	<45>47
	 3.2
	  	LIBOR Provisions	  	<46>48
	 3.3
	  	Non-Use Fee	  	<47>49
	 3.4
	  	Fee Letter	  	<47>49
	 3.5
	  	Maximum Charges	  	<47>49
	 3.6
	  	Increased Costs	  	<47>49
	 3.7
	  	Basis for Determining Interest Rate Inadequate or Unfair	  	<48>50
	 3.8
	  	Capital Adequacy	  	<49>51
	 3.9
	  	Replacement of Lenders	  	<50>52
	 3.10
	  	Designation of a Different Lending Office	  	<50>52
	 3.11
	  	Reimbursement Obligations	  	<51>53
			
	 SECTION 4.
	  	[INTENTIONALLY OMITTED]	  	<51>53
			
	 SECTION 5.
	  	TAXES	  	<51>53
			
	 5.1
	  	Payments Free of Taxes; Obligation to Withhold; Tax Payment	  	<51>53
	 5.2
	  	Lender and Agent Tax Information	  	<53>55
	 5.3
	  	Nature and Extent of Borrower’s Liabilities	  	<55>57
			
	 SECTION 6.
	  	CONDITIONS PRECEDENT	  	<56>58
			
	 6.1
	  	Conditions Precedent to Initial Loans	  	<56>58
			
	 SECTION 7.
	  	COLLATERAL	  	<59>61
			
	 7.1
	  	Cash Collateral	  	<59>61
	 7.2
	  	Real Estate Collateral	  	<60>62
	 7.3
	  	Other Collateral	  	<60>62
	 7.4
	  	Limitations	  	<60>62
	 7.5
	  	Further Assurances	  	<60>62

  
 - i - 

					
	 SECTION 8.
	  	COLLATERAL ADMINISTRATION	  	<61>63
			
	 8.1
	  	Borrowing Base Certificates	  	<61>63
	 8.2
	  	Administration of Accounts	  	<61>63
	 8.3
	  	Administration of Inventory	  	<62>64
	 8.4
	  	Administration of Equipment	  	<62>64
	 8.5
	  	Administration of Deposit Accounts and Securities Accounts	  	<62>64
	 8.6
	  	General Provisions	  	<63>65
	 8.7
	  	Power of Attorney	  	<64>66
			
	 SECTION 9.
	  	REPRESENTATIONS AND WARRANTIES	  	<65>67
			
	 9.1
	  	General Representations and Warranties	  	<65>67
	 9.2
	  	Accuracy of Information, Etc.	  	<70>72
			
	 SECTION 10.
	  	COVENANTS AND CONTINUING AGREEMENTS	  	<70>72
			
	 10.1
	  	Affirmative Covenants	  	<70>72
	 10.2
	  	Negative Covenants	  	<75>78
	 10.3
	  	Financial Covenants	  	<82>85
			
	 SECTION 11.
	  	EVENTS OF DEFAULT; REMEDIES ON DEFAULT	  	<83>88
			
	 11.1
	  	Events of Default	  	<83>88
	 11.2
	  	Remedies upon Default	  	<84>89
	 11.3
	  	License	  	<85>90
	 11.4
	  	Setoff	  	<86>91
	 11.5
	  	Remedies Cumulative; No Waiver	  	<86>91
			
	 SECTION 12.
	  	AGENT	  	<86>91
			
	 12.1
	  	Appointment, Authority and Duties of Agent	  	<86>91
	 12.2
	  	Agreements Regarding Collateral and Borrower Materials	  	<88>92
	 12.3
	  	Reliance By Agent	  	<88>93
	 12.4
	  	Action Upon Default	  	<89>93
	 12.5
	  	Ratable Sharing	  	<89>94
	 12.6
	  	Indemnification	  	<89>94
	 12.7
	  	Limitation on Responsibilities of Agent	  	<89>94
	 12.8
	  	Successor Agent and Co-Agents	  	<90>95
	 12.9
	  	Due Diligence and Non-Reliance	  	<90>95
	 12.10
	  	Remittance of Payments and Collections	  	<91>96
	 12.11
	  	Individual Capacities	  	<91>96
	 12.12
	  	No Third Party Beneficiaries	  	<92>96
	 12.13
	  	Intercreditor Agreement	  	<92>97
			
	 SECTION 13.
	  	BENEFIT OF AGREEMENT; ASSIGNMENTS	  	<92>97
			
	 13.1
	  	Successors and Assigns	  	<92>97
	 13.2
	  	Participations	  	<92>97
	 13.3
	  	Assignments	  	<93>98
			
	 SECTION 14.
	  	MISCELLANEOUS	  	<94>99
			
	 14.1
	  	Consents, Amendments and Waivers	  	<94>99

  
 - ii - 

					
	 14.2
	  	 Indemnity
	  	<95>100
	 14.3
	  	 Notices and Communications
	  	<95>100
	 14.4
	  	 Performance of Borrower’s Obligations
	  	<97>102
	 14.5
	  	 Credit Inquiries
	  	<97>102
	 14.6
	  	 Severability
	  	<97>102
	 14.7
	  	 Cumulative Effect; Conflict of Terms
	  	<97>102
	 14.8
	  	 Counterparts; Execution
	  	<97>102
	 14.9
	  	 Entire Agreement
	  	<98>102
	 14.10
	  	 Relationship with Lenders
	  	<98>103
	 14.11
	  	 No Advisory or Fiduciary Responsibility
	  	<98>103
	 14.12
	  	 Confidentiality
	  	<98>103
	 14.13
	  	 GOVERNING LAW
	  	<99>104
	 14.14
	  	 Consent to Forum; Bail-In of EEA Financial Institutions
	  	<99>104
	 14.15
	  	 Waivers by Borrower
	  	<100>105
	 14.16
	  	 Patriot Act Notice
	  	<100>105
	 14.17
	  	 NO ORAL AGREEMENT
	  	<100>105
	 14.18
	  	 Intercreditor Agreement Governs
	  	<101>108

  
 - iii - 

 LIST OF EXHIBITS AND SCHEDULES 

 

			
	 Exhibit A
	  	Assignment and Acceptance
	 Exhibit B
	  	Assignment Notice
	 Exhibit C
	  	Compliance Certificate
	 Exhibit D
	  	Affiliate Subordination Agreement
	 Exhibit E-1
	  	Form of U.S. Tax Compliance Certificate
	 Exhibit E-2
	  	Form of U.S. Tax Compliance Certificate
	 Exhibit E-3
	  	Form of U.S. Tax Compliance Certificate
	 Exhibit E-4
	  	Form of U.S. Tax Compliance Certificate
	 Exhibit F
	  	Form of Notice of Borrowing
	 Exhibit G
	  	Form of Payment Notification
	 Schedule A
	  	Fiscal Months
	 Schedule 1.1(a)
	  	Commitments of Lenders
	 Schedule 1.1(b)
	  	Excluded Subsidiaries
	 Schedule 1.1(c)
	  	Specified Asset Dispositions
	 Schedule 1.1(d)
	  	Subsidiary Guarantors
	 Schedule 8.5
	  	Deposit Accounts and Securities Accounts
	 Schedule 8.6.1
	  	Business Locations
	 Schedule 9.1.4
	  	Names and Capital Structure
	 Schedule 9.1.11
	  	Patents, Trademarks, Copyrights and Licenses
	 Schedule 9.1.14
	  	Environmental Matters
	 Schedule 9.1.15
	  	Restrictive Agreements
	 Schedule 9.1.16
	  	Litigation
	 Schedule 9.1.18
	  	Pension Plans
	 Schedule 9.1.20
	  	Labor Contracts
	 Schedule 10.2.1
	  	Existing Indebtedness
	 Schedule 10.2.2
	  	Existing Liens
	 Schedule 10.2.5
	  	Existing Investments
	 Schedule 10.2.17
	  	Existing Affiliate Transactions

  
 - iv - 

 LOAN AGREEMENT 

THIS LOAN AGREEMENT is dated as of April 7, 2017, among SCHOOL SPECIALTY, INC., a Delaware corporation
(“Borrower”), certain Subsidiaries of Borrower party hereto (collectively, “Guarantors” and each, a “Guarantor”), the financial institutions party to this Agreement from time to time as lenders
(collectively, “Lenders”), and TCW ASSET MANAGEMENT COMPANY LLC, as agent for the Lenders (“Agent”). 

R E C I T A L S: 
 In
addition to the Loans to be provided hereunder, on the Revolving Loan Agreement Closing Date, Borrower and certain of its Subsidiaries entered into the Revolving Loan Agreement, which is secured by a first priority security interest in the ABL
Priority Collateral and a second priority security interest in the Term Priority Collateral. The Obligations hereunder will be secured by a first priority security interest in the Term Priority Collateral and a second priority security interest in
the ABL Priority Collateral. 
 Borrower has requested that Lenders provide a term loan credit facility to Borrower to finance the mutual
and collective business enterprise of Borrower and Guarantors. Lenders are willing to provide the credit facility on the terms and conditions set forth in this Agreement. 

NOW, THEREFORE, for valuable consideration hereby acknowledged, the parties hereto agree as follows: 

SECTION 1. DEFINITIONS; RULES OF CONSTRUCTION 

1.1 Definitions. As used herein, the following terms have the meanings set forth below: 

AAG: Andrews Advisory Group, LLC. 

ABL Priority Collateral: any “ABL Priority Collateral” as defined in the Intercreditor Agreement. 

Acquisition: a transaction or series of transactions resulting in (a) acquisition of a business, division, or substantially all
assets of a Person; (b) record or beneficial ownership of 50% or more of the Equity Interests of a Person; or (c) merger, consolidation or combination of Borrower or a Subsidiary with another Person. 

Affected Lender: shall have the meaning set forth in Section 3.9 hereof. 

Affiliate: 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; provided that, for purposes of Section 10.2.17 and Section 13.3.3, the term “Affiliate” shall also include any Person that directly or
indirectly owns 5% or more of any class of Equity Interests of the Person specified or that is an officer or director of the Person specified. “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 correlative meanings. 

 Affiliate Subordination Agreement: an Affiliate Subordination Agreement in the form
of Exhibit D pursuant to which intercompany obligations and advances owed by any Obligor to any Subsidiary that is not an Obligor are subordinated to the Obligations. 

Agent: as defined in the Preamble hereto. 

Agent Indemnitees: Agent and its officers, directors, employees, Affiliates, agents and attorneys. 

Agent Professionals: attorneys, accountants, appraisers, auditors, business valuation experts, environmental engineers or consultants,
turnaround consultants, and other professionals and experts retained by Agent. 
 Anti-Terrorism Law: any law relating to terrorism
or money laundering, including the Patriot Act. 
 Applicable Law: all laws, rules, regulations and governmental guidelines
applicable to the Person, conduct, transaction, agreement or matter in question, including all applicable statutory law, common law and equitable principles, and all provisions of constitutions, treaties, statutes, rules, regulations, orders and
decrees of Governmental Authorities. 
 Applicable Margin: the applicable rate per annum corresponding to the applicable Net Senior
Leverage Ratio, all as set forth in the following table: 
  

									
	Net Senior Leverage Ratio	  	Prime Rate
Loans	 	 	LIBOR Rate
Loans	 
	 3 3.75x
	  	 	<6.00>7.00	% 	 	 	<7.00>8.00	% 
	 3 3.50x, but < 3.75x
	  	 	<5.50>6.00	% 	 	 	<6.50>7.00	% 
	 33.00x, but < 3.50x
	  	 	5.25	% 	 	 	6.25	% 
	 <3.00x
	  	 	5.00	% 	 	 	6.00	% 

 The Applicable Margin shall be adjusted quarterly, to the extent applicable, as of the first Business Day of
the month following the date on which financial statements are required to be delivered pursuant to Section 10.1.2 hereof (including with respect to the last Fiscal Quarter of each Fiscal Year) after the end of each related Fiscal
Quarter based on the Net Senior Leverage Ratio as of the last day of such Fiscal Quarter. Notwithstanding the foregoing, (a) at all times after the Third Amendment Effective Date, the
Applicable Margin shall be increased by an amount equal to the PIK Interest Rate, with 100% of such increase being paid in kind by adding such interest to the outstanding principal amount of the Term Loan (“PIK Interest”),
(b) during the period commencing on the <Second>Third Amendment Effective Date and ending on the first Business Day of the month following the date on which
financial statements for the Fiscal <Year>Quarter ending <December 29, 2018>March 30,
2019 have been delivered in accordance with Section 10.1.2(<a>b) hereof, the Applicable Margin shall be (i) <6.00%> with
respect to Prime Rate Loans, the sum of (x) 7.00% and (y) the PIK Interest Rate, and (ii) <7.00% with >respect to LIBOR Rate Loans,
the sum of (<b>x) 8.00% and (y) the PIK
Interest Rate, (c) if 

  
 -2- 

 
Borrower fails to deliver the financial statements required by Section 10.1.2 hereof, and the related Compliance Certificate required by Section 10.1.2 hereof, by the
respective date required thereunder after the end of any related Fiscal Quarter, if requested in writing by Agent or Required Lenders, (i) the Applicable Margin shall be the rates
corresponding to the Net Senior Leverage Ratio of > 3.75x in the foregoing table and (ii) the PIK Interest Rate shall be the rates corresponding to the Net Senior Leverage Ratio
of > 5.00x in the table set forth in the definition of PIK Interest Rate, in each case, until such financial statements and Compliance Certificate are delivered (plus, if requested by Agent or Required Lenders, the Default Rate), and
(<c>d) no reduction to the Applicable Margin or PIK Interest Rate shall become effective at any time
when an Event of Default has occurred and is continuing; provided, that such a reduction shall occur on the date all such Events of Default have been cured or waived in accordance with Section 14.1 hereof. 

If, as a result of any restatement of or other adjustment to the financial statements of Borrower and its Subsidiaries or for any other
reason, Agent determines that (a) the Net Senior Leverage Ratio as calculated by Borrower as of any applicable date was inaccurate and (b) a proper calculation of the Net Senior Leverage Ratio would have resulted in different pricing for
any period, then (i) if the proper calculation of the Net Senior Leverage Ratio would have resulted in higher pricing for such period, Borrower shall automatically and retroactively be obligated to pay to Agent, for the benefit of the
applicable Lenders, promptly on demand by Agent, an amount equal to the excess of the amount of interest that should have been paid for such period over the amount of interest actually paid for such period; and (ii) if the proper calculation of
the Net Senior Leverage Ratio would have resulted in lower pricing for such period, neither Agent nor any Lender shall have any obligation to repay any interest or fees to Borrower; provided, that, if as a result of any restatement or other
event a proper calculation of the Net Senior Leverage Ratio would have resulted in higher pricing for one or more periods and lower pricing for one or more other periods (due to the shifting of income or expenses from one period to another period or
any similar reason), then (x) the amount payable by Borrower pursuant to clause (i) above shall be based upon the excess, if any, of the amount of interest that should have been paid for all applicable periods over the amount of interest
paid for all such periods and (y) the amount credited to Borrower pursuant to clause (ii) above shall be based upon the excess, if any, of the amount of interest paid by Borrower for all applicable periods over the amount of interest that
should have been paid for all such periods. 
 Approved Fund: any Person (other than a natural Person) engaged in making, purchasing,
holding or otherwise investing in commercial loans in its ordinary course of activities. 
 Asset Disposition: a sale, lease,
license, consignment, transfer or other disposition of Property of an Obligor, including a disposition of Property in connection with a sale-leaseback transaction or synthetic lease. 

Assignment and Acceptance: an assignment agreement between a Lender and Eligible Assignee, in the form of Exhibit A or otherwise
satisfactory to Agent. 
 Availability: shall have the meaning provided for in the Revolving Loan Agreement. 

  
 -3- 

 Bail-In Action: the exercise of any Write-Down and Conversion Powers by the
applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 
 Bail-In Legislation: with respect
to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 
 Bank of America: Bank of America, N.A., a national banking association. 

Bankruptcy Code: Title 11 of the United States Code entitled “Bankruptcy” as now and hereafter in effect (or any similar or
equivalent legislation as in effect in any applicable jurisdiction), or any successor statutes. 
 Bankruptcy Court: the United
States Bankruptcy Court for the District of Delaware. 
 Board of Governors: the Board of Governors of the Federal Reserve System.

 Borrowed Money: with respect to any Obligor, without duplication, its (a) Indebtedness that (i) arises from the lending
of money by any Person to such Obligor, (ii) is evidenced by notes, drafts, bonds, debentures, credit documents or similar instruments, (iii) accrues interest or is a type upon which interest charges are customarily paid (excluding trade
payables owing in the Ordinary Course of Business), or (iv) was issued or assumed as full or partial payment for Property; (b) Capital Leases; (c) reimbursement obligations with respect to letters of credit; and (d) guaranties of
any Indebtedness of the foregoing types owing by another Person. 
 Borrower: as defined in the Preamble hereto. 

Borrower Materials: Compliance Certificates and other information, reports, financial statements and other materials delivered by
Borrower hereunder, as well as other Reports and information provided by Agent to Lenders. 
 Borrowing: a group of Loans that are
made or converted together on the same day and have the same interest option and, if applicable, Interest Period. 
 Borrowing Base:
shall have the meaning provided for in the Revolving Loan Agreement. 
 Borrowing Base Certificate: shall have the meaning provided
for in the Revolving Loan Agreement. 
 Business Day: any day other than a Saturday, Sunday or other day on which commercial banks
are authorized to close under the laws of, or are in fact closed in, Chicago, IL or New York, NY, and if such day relates to a LIBOR Rate Loan, any such day on which dealings in Dollar deposits are conducted between banks in the London interbank
Eurodollar market. 

  
 -4- 

 Capital Expenditures: for any period, (a) the additions to property, plant and
equipment, capitalized investment and development costs, and other capital expenditures of Borrower and its consolidated Subsidiaries that are (or should be) set forth in a consolidated statement of cash flows of Borrower for such period prepared in
accordance with GAAP and (b) Capital Lease Obligations incurred by Borrower and its consolidated Subsidiaries during such period, but excluding in each case any such expenditure made to restore, replace or rebuild property to the condition of
such property immediately prior to any damage, loss, destruction or condemnation of such property to the extent such expenditure is made with insurance proceeds, condemnation awards or damage recovery proceeds relating to any such damage, loss,
destruction or condemnation. 
 Capital Lease: any lease of (or other arrangement conveying the right to use) real or personal
property, or a combination thereof, that is required to be capitalized for financial reporting purposes in accordance with GAAP. 

Capital Lease Obligation: as to any Person shall mean the obligations of such Person to pay rent or other amounts under any Capital
Lease. 
 Cash Collateral: cash, and any interest or other income earned thereon, that is delivered to Agent to Cash Collateralize
any Obligations. 
 Cash Collateral Account: a demand deposit, money market or other account established by Agent at such financial
institution as Agent may select in its discretion, which account shall be subject to a Lien in favor of Agent. 
 Cash Collateralize:
the delivery of cash to Agent, as security for the payment of Obligations, in an amount equal to Agent’s good faith estimate of the amount due or to become due, including fees, expenses and indemnification hereunder. “Cash
Collateralization” has a correlative meaning. 
 Cash Dominion Trigger Period: shall have the meaning provided for in the
Revolving Loan Agreement. 
 Cash Equivalents: (a) marketable direct obligations issued by, or unconditionally guaranteed by,
the United States or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one (1) year from the date of acquisition thereof, (b) marketable direct obligations issued or
fully guaranteed by any state of the United States or any political subdivision of any such state or any public instrumentality thereof maturing within one (1) year from the date of acquisition thereof and, at the time of acquisition, having
one of the two highest ratings obtainable from either S&P or Moody’s, (c) commercial paper maturing no more than two hundred seventy (270) days from the date of creation thereof and, at the time of acquisition, having a rating of
at least A-1 from S&P or at least P-1 from Moody’s, (d) certificates of deposit, time deposits, overnight bank deposits or bankers’ acceptances maturing within one (1) year from the date of acquisition thereof issued by any
bank organized under the laws of the United States or any state thereof or the District of Columbia or any United States branch of a foreign bank having at the date of acquisition thereof combined capital and surplus of not less than $500,000,000,
(e) deposit accounts maintained with (i) any bank that satisfies the criteria described in clause (d) above, or (ii) any other bank organized under the laws of the United States or any state thereof so long as the full amount
maintained with any such other bank is insured by the Federal Deposit Insurance Corporation, (f) repurchase 

  
 -5- 

 
obligations of any commercial bank satisfying the requirements of clause (d) of this definition or recognized securities dealer having combined capital and surplus of not less than
$500,000,000, having a term of not more than seven (7) days, with respect to securities satisfying the criteria in clauses (a) or (d) above, (g) debt securities with maturities of six (6) months or less from the date of
acquisition backed by standby letters of credit issued by any commercial bank satisfying the criteria described in clause (d) above, and (h) Investments in money market funds substantially all of whose assets are invested in the types of
assets described in clauses (a) through (g) above. 
 CERCLA: the Comprehensive Environmental Response Compensation and
Liability Act (42 U.S.C. § 9601 et seq.). 
 Change in Law: the occurrence, after the date hereof, of (a) the adoption,
taking effect or phasing in of any law, rule, regulation or treaty; (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof; or (c) the making, issuance or application of any
request, guideline, requirement or directive (whether or not having the force of law) by any Governmental Authority; provided, however, that “Change in Law” shall include, regardless of the date enacted, adopted or issued,
all requests, rules, guidelines, requirements or directives (i) under or relating to the Dodd-Frank Wall Street Reform and Consumer Protection Act, or (ii) promulgated pursuant to Basel III by the Bank for International Settlements, the
Basel Committee on Banking Supervision (or any similar authority) or any other Governmental Authority. 
 Change of Control:
(a) Borrower ceases to own and control, beneficially and of record, directly or indirectly, all Equity Interests in each Subsidiary Guarantor (unless 100% of the Equity Interests of such Subsidiary Guarantor is sold or otherwise disposed of in
connection with an Asset Disposition otherwise permitted hereunder); (b) other than with respect to any existing shareholder, as of the Third Amendment Effective Date, or any Affiliate of
such existing shareholder, to the extent such ownership represents more than 50% directly a result of the Junior Capital Raise Satisfaction Event, any “person” or “group” (within the meaning of Rule 13d-5 of the Exchange Act
as in effect on the date hereof) shall own, directly or indirectly, beneficially or of record, shares representing more than 50% of the aggregate ordinary voting power represented by the issued and outstanding capital stock of Borrower;
(c) other than occurring as a direct result of the Junior Capital Raise Satisfaction Event, a majority of the members of the board of directors of Borrower shall at any time not
constitute Continuing Directors; or (d) any change in control (or similar event, however denominated) with respect to Borrower or any Subsidiary shall occur under and as defined in the Revolving Loan Documents or in any indenture or agreement
in respect of the Specified Unsecured Prepetition Debt. 
 Claims: all claims, liabilities, obligations, losses, damages, penalties,
judgments, proceedings, interest, costs and expenses of any kind (including remedial response costs, reasonable attorneys’ fees and Extraordinary Expenses) at any time (including after Full Payment of the Obligations or replacement of Agent or
any Lender) incurred by any Indemnitee or asserted against any Indemnitee by any Obligor or other Person, in any way relating to (a) the Proposal Letter, the Fee Letter, any Loans, Loan Documents, Borrower Materials, or the use thereof or
transactions relating thereto, (b) any action taken or omitted in connection with any Loan Documents, (c) the existence or perfection of any Liens, or realization upon any Collateral, (d) exercise of any rights or remedies under any
Loan Documents or Applicable Law, or 

  
 -6- 

 
(e) failure by any Obligor to perform or observe any terms of any Loan Document, in each case including all costs and expenses relating to any investigation, litigation, arbitration or other
proceeding (including an Insolvency Proceeding or appellate proceedings), whether or not the applicable Indemnitee is a party thereto. 

Closing Date: as defined in Section 6.1. 

Closing Date Revolving Loan Agreement Amendment: that certain Third Amendment to Loan Agreement, dated as of the Closing Date, among
Revolving Loan Agent, the issuing bank, the Revolving Loan Lenders party thereto and the Obligors. 
 Code: the Internal Revenue Code
of 1986, as amended. 
 Collateral: all Property described in any Security Documents as security or collateral for any Obligations,
and all other Property that now or hereafter, or under the terms hereof, or under the Security Documents, secures (or is intended to secure) any Obligations. 

Commitment: as to any Lender, such Lender’s commitment to make the Term A Loan or Delayed Draw Term Loans under this Agreement.
The initial amount of each Lender’s commitment to make the Term A Loan or Delayed Draw Term Loans, as applicable, is set forth in the Schedule 1.1(a) hereto. 

Compliance Certificate: a certificate, substantially in the form of Exhibit C, by which Borrower certifies compliance with
Sections 10.2.7 and 10.3. 
 Connection Income Taxes: Other Connection Taxes that are imposed on or measured by net
income (however denominated), or are franchise or branch profits Taxes. 
 Consolidated Net Income: with respect to Borrower and its
Subsidiaries on a consolidated basis for any period, net income for such period but excluding net income (or loss) attributable to the equity method of accounting unless such net income has been distributed in cash to Borrower or any Subsidiary.

 Consolidated Total Assets: as of any date of determination, the total assets in each case reflected on the consolidated balance
sheet of Borrower and its Subsidiaries as at the end of the most recently ended Fiscal Quarter of Borrower for which financial statements have been or are required to have been delivered pursuant to Section 10.1.2, determined on a
consolidated basis in accordance with GAAP. 
 Contingent Obligation: any obligation of a Person arising from a guaranty, indemnity
or other assurance of payment or performance of any Indebtedness, lease, dividend or other obligation (“primary obligations”) of another obligor (“primary obligor”) in any manner, whether directly or indirectly,
including any obligation of such Person under any (a) guaranty, endorsement, co-making or sale with recourse of an obligation of a primary obligor; (b) obligation to make take-or-pay or similar payments regardless of nonperformance by any
other party to an agreement; and (c) arrangement (i) to purchase any primary obligation or security therefor, (ii) to supply funds for the purchase or payment of any primary obligation, (iii) to maintain or assure working
capital, equity capital, net worth or solvency of the primary 

  
 -7- 

 
obligor, (iv) to purchase Property or services for the purpose of assuring the ability of the primary obligor to perform a primary obligation, or (v) otherwise to assure or hold
harmless the holder of any primary obligation against loss in respect thereof. The amount of any Contingent Obligation shall be deemed to be the stated or determinable amount of the primary obligation (or, if less, the maximum amount for which such
Person may be liable under the instrument evidencing the Contingent Obligation) or, if not stated or determinable, the maximum reasonably anticipated liability with respect thereto. 

Continuing Director: (a) any member of the board of directors of Borrower who was a director (or comparable manager) of Borrower
on the Closing Date, and (b) any individual who becomes a member of the board of directors after the Closing Date if such individual was approved, appointed or nominated for election to the board of directors of Borrower by a majority of the
Continuing Directors, but excluding any such individual originally proposed for election in opposition to the Continuing Directors in an actual or publically threatened election contest relating to the election of the directors (or comparable
managers) of Borrower and whose assumption of office resulted from such contest or the settlement thereof. 
 CWA: the Clean Water
Act (33 U.S.C. §§ 1251 et seq.). 
 Default: an event or condition that, with the lapse of time or giving of notice, would
constitute an Event of Default. 
 Default Rate: for any Obligation (including, to the extent permitted by law, interest not paid
when due), 2.00% plus the interest rate otherwise applicable thereto. 
 Defaulting Lender: any Lender that (a) has failed to
comply with its funding obligations hereunder, and such failure is not cured within two (2) Business Days; (b) has notified Agent or Borrower that such Lender does not intend to comply with its funding obligations hereunder or under any
other credit facility, or has made a public statement to that effect; (c) has failed, within three (3) Business Days following request by Agent or Borrower, to confirm in a manner satisfactory to Agent and Borrower that such Lender will
comply with its funding obligations hereunder; or (d) has, or has a direct or indirect parent company that has, become the subject of an Insolvency Proceeding (including reorganization, liquidation, or appointment of a receiver, custodian,
administrator or similar Person by the Federal Deposit Insurance Corporation or any other regulatory authority) or Bail-In Action; provided, however, that a Lender shall not be a Defaulting Lender solely by virtue of a Governmental
Authority’s ownership of an equity interest in such Lender or parent company unless the ownership provides immunity for such Lender from jurisdiction of courts within the United States or from enforcement of judgments or writs of attachment on
its assets, or permits such Lender or Governmental Authority to repudiate or otherwise to reject such Lender’s agreements. 

Deposit Account Control Agreement: control agreement satisfactory to Agent executed by an institution maintaining a Deposit Account for
an Obligor, to perfect Agent’s Lien on such account. 
 Designated Jurisdiction: any country or territory that is the subject of
any Sanction. 

  
 -8- 

 Delayed Draw Funding Conditions: with respect to any Delayed Draw Term Loan, the
following: (a) Borrower shall have given written notice to Agent of the proposed funding of such Delayed Draw Term Loan not later than 11:00 a.m. (Chicago time), at least ten (10) Business Days prior to the proposed Delayed Draw Term Loan
Draw Date (or by such later time as Agent may agree, in its sole discretion), (b) immediately after giving effect to the funding of such Delayed Draw Term Loan and any Distribution, Permitted Acquisition or payment with respect to Indebtedness
made with the proceeds thereof, Borrower shall be in compliance on a pro forma basis with the financial covenants set forth in Section 10.3 hereof, recomputed for the most recently ended month for which financial statements are required
to be delivered pursuant to Section 10.1.2 hereof, (c) immediately after giving effect to the funding of such Delayed Draw Term Loan and any Distribution, Permitted Acquisition or payment with respect to Indebtedness made with the
proceeds thereof, the Net Senior Leverage Ratio, on a pro forma basis for the twelve (12) consecutive Fiscal Months ending immediately prior to such funding, recomputed for the most recently ended month for which financial statements are
required to be delivered pursuant to Section 10.1.2 hereof, shall be less than or equal to 3.50 to 1.00 (or, at any time after receipt of the financial statements delivered pursuant to clause (a) of Section 10.1.2 with
respect to the Fiscal Year ending December 30, 2017, solely to the extent that EBITDA for the period of twelve (12) consecutive months most recently ended on or prior to the date of such funding is at least $50,000,000, 3.75 to 1.00),
(d) Specified Availability on the date of the funding of such Delayed Draw Term Loan, before and after giving pro forma effect to such funding and any Distribution, Permitted Acquisition or payment with respect to Indebtedness made with the
proceeds thereof, is greater than or equal to $18,750,000; (e) the average daily amount of Specified Availability for the 60-day period immediately preceding the date of the funding of such Delayed Draw Term Loan shall have been greater than or
equal to $18,750,000, calculated on a pro forma basis assuming such funding and any Distribution, Permitted Acquisition or payment with respect to Indebtedness made with the proceeds thereof occurred on the first day of such 60-day period,
(f) immediately before and after giving effect to the funding of such Delayed Draw Term Loan, no Default or Event of Default shall have occurred and be continuing, (g) the representations and warranties of each Obligor in the Loan
Documents shall be true and correct in all material respects (except to the extent already qualified by materiality, in which case it will be true and correct in all respects) on the date of, and upon giving effect to, such funding (except for
representations and warranties that expressly relate to an earlier date), and (h) Borrower shall have delivered a certificate to Agent certifying as to clauses (a) through (g) above and setting forth projections prepared in good faith
demonstrating that Specified Availability shall be greater than or equal to $18,750,000 at all times for the greater of (i) the 90-day period following the date of the funding of such Delayed Draw Term
Loan and (ii) the period following the date of the funding of such Delayed Draw Term Loan up to and including August 31 of such year (or the following year if such funding occurs after August 31 of such year). 

Delayed Draw Term Loan: shall have the meaning set forth in Clause (b) of Section 2.1.1 hereof. 

Delayed Draw Term Loan Amount: $30,000,000. 

Delayed Draw Term Loan Commitment: as to any Lender, such Lender’s commitment to make Delayed Draw Term Loans under this
Agreement. The initial amount of each Lender’s commitment to make Delayed Draw Term Loans is set forth in the Schedule 1.1(a) hereto. 

  
 -9- 

 Delayed Draw Term Loan Commitment Percentage: as to any Lender, the percentage set
forth opposite such Lender’s name on Schedule 1.1(a) hereto under the column “Delayed Draw Term Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then such percentage for such Lender shall be deemed
to be zero) (or, in the case of any Lender that became party to this Agreement after the Closing Date, the Delayed Draw Term Loan Commitment Percentage of such Lender as set forth in the applicable Assignment and Acceptance). 

Delayed Draw Term Loan Commitment Period: the period commencing on the Closing Date and ending on the Delayed Draw Term Loan Commitment
Termination Date. 
 Delayed Draw Term Loan Commitment Termination Date: November 7, 2018. 

Delayed Draw Term Loan Draw Date: shall have the meaning set forth in Clause (b) of Section 2.1.1 hereof. 

Disqualified Stock: any Equity Interest that, by its terms (or by the terms of any security into which it is convertible or for which
it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is
redeemable at the option of the holder thereof, in whole or in part, or requires the payment of any cash dividend or any other scheduled payment constituting a return of capital, in each case at any time on or prior to the first anniversary of the
Maturity Date; or (b) is convertible into or exchangeable (unless at the sole option of the issuer thereof) for (i) debt securities or (ii) any Equity Interest referred to in clause (a) above, in each case at any time prior to
the first anniversary of the Maturity Date. 
 Distribution: (i) any dividend or other distribution (whether in cash, securities
or other property) with respect to any Equity Interests in Borrower or any Subsidiary, (ii) any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the repurchase, redemption,
retirement, acquisition, cancellation or termination of any Equity Interests in Borrower or any Subsidiary, or (iii) any other payment (whether in cash, securities or other property) with respect to any Equity Interests in Borrower or any
Subsidiary, including but not limited to payments made on account of any stock appreciation rights or restricted stock units with respect to any such Equity Interests. 

Dollars: lawful money of the United States. 

Domestic Subsidiary: any Subsidiary organized under the laws of the United States of America, any state thereof or the District of
Columbia. 
 Dominion Account: an account of an Obligor at a bank reasonably acceptable to Agent, which is subject at all times to a
Deposit Account Control Agreement or a Securities Account Control Agreement. 
 EBITDA: with respect to Borrower and its Subsidiaries
on a consolidated basis for any period, the Consolidated Net Income of Borrower and its Subsidiaries for such period, plus  

  
 -10- 

 (a) the sum of (in each case without duplication and to the extent the respective amounts
described in subclauses (i) through (viii) of this clause (a) reduced such Consolidated Net Income (and were not excluded therefrom or added thereto) for the respective period for which EBITDA is being determined): 

(i) provision for taxes based on income, profits or capital of Borrower and its Subsidiaries for such period, including,
without limitation, state, franchise and similar taxes; 
 (ii) interest expense (and to the extent not included in interest
expense, (x) all cash dividend payments (excluding items eliminated in consolidation) on any series of preferred stock or disqualified stock and (y) costs of surety bonds in connection with financing activities) of Borrower and its
Subsidiaries for such period; 
 (iii) depreciation and amortization expenses of Borrower and its Subsidiaries for such
period including the amortization of intangible assets, deferred financing fees and capitalized software expenditures and amortization of unrecognized prior service costs; 

(iv) (A) non-recurring, unusual or extraordinary charges for such period, (B) business optimization expenses and
other restructuring charges or reserves (which, for the avoidance of doubt, shall include the effect of inventory optimization programs, facility closure, facility consolidations, duplicative facility costs, retention, severance, systems
establishment costs, contract termination costs, future lease commitments and excess pension charges), and (C) cash expenses relating to earn outs and similar obligations; provided that the aggregate amount to be added back pursuant to
this clause (iv) shall not exceed <15% of EBITDA>(1) $6,000,000 for the
<2017>2019 Fiscal Year, (2) 12.5% of EBITDA for the
<2018>2020 Fiscal Year<,> and (3) 10% of EBITDA for any Fiscal Year
thereafter; 
 (v) any other non-cash charges; provided, that for purposes of this subclause (v) of this clause
(a), any non-cash charges or losses shall be treated as cash charges or losses in any subsequent period during which cash disbursements attributable thereto are made (but excluding, for the avoidance of doubt, amortization of a prepaid cash item
that was paid in a prior period); 
 (vi) any expenses or charges (other than depreciation or amortization expense as
described in the preceding clause (iii)) related to any issuance of equity interests, investment, acquisition, disposition, recapitalization, attempted disposition, attempted recapitalization, proposed sale of the Borrower or any Subsidiary or the
incurrence, modification or repayment of indebtedness permitted to be incurred under this Agreement (including any refinancing thereof as long as each Refinancing Condition is satisfied) (whether or not successful), in each case, solely to the
extent outside the ordinary course of business, including (x) such fees, expenses or charges related to the Revolving Loan Facility, the Obligations and the Specified Unsecured Prepetition Debt, and (y) any amendment or other modification
of the Obligations or other Indebtedness; 

  
 -11- 

 (vii) non-cash expenses in connection with expensing stock options or other
equity compensation grants for such period; and 
 (viii) to the extent deducted from Consolidated Net Income for such
period, cash fees, costs, expenses, commissions and other cash charges paid on or before April 7, 2017 in connection with this Agreement and the other Loan Documents, the Revolving Loan Facility Amendment and the transactions contemplated by
the foregoing; provided that the aggregate amount to be added back pursuant to this clause (viii) for all such periods shall not exceed $4,000,000 (provided, that to the extent such charges associated with this Agreement and the other
Loan Documents or the Revolving Loan Facility are capitalized and recognized over the life of the Loans and the Revolving Loans, respectively, then such amount shall be reduced to the extent of such capitalization); minus 

(b) the sum of (without duplication and to the extent the amounts described in this clause (b) increased such Consolidated Net
Income for the respective period for which EBITDA is being determined) non-cash items increasing Consolidated Net Income of Borrower and its Subsidiaries for such period (but excluding any such items (A) in respect of which cash was received in
a prior period or will be received in a future period or (B) which represent the reversal of any accrual of, or cash reserve for, anticipated cash charges that reduced EBITDA in any prior period); minus 

(c) non-recurring, unusual or extraordinary gains increasing Consolidated Net Income of Borrower and its subsidiaries for such period to the
extent non-recurring, unusual or extraordinary losses could be added back for such period; and minus 
 (d) any cash payments made in
respect of non-cash charges added back in a prior period. 
 EEA Financial Institution: (a) any credit institution or investment
firm established in an EEA Member Country that is subject to the supervision of an EEA Resolution Authority; (b) any entity established in an EEA Member Country that is a parent of an institution described in clause (a) above; or
(c) any financial institution established in an EEA Member Country that is a subsidiary of an institution described in the foregoing clauses and is subject to consolidated supervision with its parent. 

EEA Member Country: any of the member states of the European Union, Iceland, Liechtenstein and Norway. 

EEA Resolution Authority: any public administrative authority or any Person entrusted with public administrative authority of an EEA
Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 
 Eligible
Assignee: a Person that is (a) a Lender, Affiliate of a Lender or Approved Fund; (b) a financial institution that extends term loan credit facilities of this type in its ordinary course of business and is approved by Borrower (which
approval shall not be unreasonably withheld or delayed, and shall be deemed given if no objection is made within five (5) Business Days after notice of the proposed assignment), and Agent; and (c) during an Event of Default, any Person
acceptable to Agent in its discretion; provided Borrower’s disapproval of an EEA Financial Institution as an Eligible Assignee will not be deemed unreasonable if Borrower has provided reasonable evidence that it is reasonably likely that such
EEA Financial Institution may be subject to a Bail-In Action during the term of this Agreement. 

  
 -12- 

 Enforcement Action: any action to enforce any Obligations or Loan Documents or to
exercise any rights or remedies relating to any Collateral (whether by judicial action, self-help, notification of Account Debtors, setoff or recoupment, credit bid, action in an Obligor’s Insolvency Proceeding or otherwise). 

Environmental Laws: Applicable Laws (including programs, permits and guidance promulgated by regulators) relating to public health
(other than occupational safety and health regulated by OSHA) or the protection or pollution of the environment, including CERCLA, RCRA and CWA. 

Environmental Notice: a notice (whether written or oral) from any Governmental Authority or other Person of any possible noncompliance
with, investigation of a possible violation of, litigation relating to, or potential fine or liability under any Environmental Law, or with respect to any Environmental Release, environmental pollution or hazardous materials, including any
complaint, summons, citation, order, claim, demand or request for correction, remediation or otherwise. 
 Environmental Release: a
release as defined in CERCLA or under any other Environmental Law. 
 Equity Interest: (a)(i) the interest of any shareholder in
a corporation; partner in a partnership (whether general, limited, limited liability or joint venture); member in a limited liability company; or (ii) any other form of equity security or ownership interest in any Person, (b) all of the
warrants, options or other rights for the purchase, acquisition or exchange from such Person of any of the foregoing (including through convertible securities), and (c) any stock appreciation rights and restricted stock units. 

ERISA: the Employee Retirement Income Security Act of 1974, as amended. 

ERISA Affiliate: any trade or business (whether or not incorporated) under common control with an Obligor within the meaning of
Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

ERISA Event: (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by any Obligor or ERISA Affiliate from a
Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under
Section 4062(e) of ERISA; (c) a complete or partial withdrawal by any Obligor or ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing of a notice of intent to
terminate, the treatment of a Plan amendment as a termination under Section 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) the determination that any Pension
Plan or Multiemployer Plan is considered an at risk plan under Section 430(i) of the Code or Section 303 of ERISA or a plan 

  
 -13- 

 
in critical or endangered status under Section 432(b) the Code or Section 305 of ERISA; (f) an event or condition which constitutes grounds under Section 4042 of ERISA for the
termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; (g) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of application for a waiver of the minimum funding
standard with respect to any Pension Plan; or (h) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any Obligor or ERISA Affiliate. 

EU Bail-In Legislation Schedule: the EU Bail-In Legislation Schedule published by the Loan Market Association, as in effect from time
to time. 
 Event of Default: as defined in Section 11. 

Excess Cash Flow: determined on a consolidated basis for Borrower and Subsidiaries, EBITDA, minus (a) cash interest expense and
cash taxes paid; (b) Capital Expenditures (except those financed with Borrowed Money other than Revolving Loans); and (c) scheduled principal payments made on Borrowed Money (excluding payments made with respect to the Specified Unsecured
Prepetition Debt made prior to the final maturity date thereof) and Capital Leases. 
 Excess Cash Flow Due Date: shall have the
meaning set forth in Section 2.3.4 hereof. 
 Exchange Act: the Securities Exchange Act of 1934, as amended. 

Excluded Subsidiary: any (a) Immaterial Subsidiary; (b) Foreign Subsidiary; (c) Subsidiary that is prohibited by
Applicable Law or by any contractual obligation (with respect to any such contractual obligations, only to the extent existing on the Closing Date or the date the applicable Person becomes a direct or indirect Subsidiary of Borrower) from
guaranteeing the Obligations or which would require governmental (including regulatory) consent, approval, license or authorization to provide a guarantee (unless such consent, approval, license or authorization has been received);
(d) Subsidiary that is not a Wholly-Owned Subsidiary; (e) any Subsidiary of a Foreign Subsidiary and (f) Domestic Subsidiary that owns no material assets other than Equity Interests in one or more Foreign Subsidiaries. The Excluded
Subsidiaries as of the Closing Date are listed on Schedule 1.1(b). 
 Excluded Taxes: (a) Taxes imposed on or measured by
a Recipient’s net income (however denominated), franchise Taxes and branch profits Taxes, in each case, (i) as a result of such Recipient being organized under the laws of, or having its principal office or applicable Lending Office
located in, the jurisdiction imposing such Tax, or (ii) constituting Other Connection Taxes; (b) U.S. federal withholding Taxes imposed on amounts payable to or for the account of a Lender with respect to its interest in a Loan or
Commitment pursuant to a law in effect when the Lender acquires such interest (except pursuant to an assignment request by Borrower under Section 3.9) or changes its Lending Office, unless the Taxes were payable to its assignor
immediately prior to such assignment or to the Lender immediately prior to its change in Lending Office; (c) Taxes attributable to a Recipient’s failure to comply with Section 5.2; and (d) U.S. federal withholding Taxes
imposed pursuant to FATCA. 
 Existing Agent: shall mean Credit Suisse AG and its permitted successors and assigns or any other
Person designated as term loan agent pursuant to the Existing Credit Agreement. 

  
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 Existing Credit Agreement: the Credit Agreement, dated as of June 11, 2013, as
heretofore amended, modified and supplemented, by and among Borrower, Existing Agent and Existing Lenders. 
 Existing Lenders: the
financial institutions which are parties to the Existing Credit Agreement as lenders. 
 Existing Loan Documents: collectively, the
Existing Credit Agreement and all of the other agreements, documents and instruments executed and delivered in connection therewith or related thereto. 

Extraordinary Expenses: all costs (including all internally allocated costs of Agent in connection with field examinations and quality
of earnings reports), expenses or fees, in each case, that Agent may incur during a Default or Event of Default, or during the pendency of an Insolvency Proceeding of an Obligor, including those relating to (a) any audit, inspection,
repossession, storage, repair, appraisal, insurance, manufacture, preparation or advertising for sale, sale, collection, or other preservation of or realization upon any Collateral; (b) any action, arbitration or other proceeding (whether
instituted by or against Agent, any Lender, any Obligor, any representative of creditors of an Obligor or any other Person) in any way relating to any Collateral (including the validity, perfection, priority or avoidability of Agent’s Liens
with respect to any Collateral), Loan Documents or Obligations, including any lender liability or other Claims; (c) the exercise of any rights or remedies of Agent in, or the monitoring of, any Insolvency Proceeding; (d) settlement or
satisfaction of taxes, charges or Liens with respect to any Collateral; (e) any Enforcement Action; and (f) negotiation and documentation of any modification, waiver, workout, restructuring or forbearance with respect to any Loan Documents
or Obligations. Such costs, expenses and advances include transfer fees, Other Taxes, storage fees, insurance costs, permit fees, utility reservation and standby fees, expenses of one counsel for Agent (which counsel shall be designated by Agent)
and to the extent necessary, one special or local counsel for Agent in each appropriate jurisdiction, appraisal fees, brokers’ and auctioneers’ fees and commissions, accountants’ fees, environmental study fees, wages and salaries paid
to employees of any Obligor or independent contractors in liquidating any Collateral, and travel expenses. 
 Extraordinary Receipts:
shall mean the Net Proceeds received by any Obligor or any of its Subsidiaries not in the Ordinary Course of Business (and not consisting of proceeds from the sale of Inventory), including, without limitation, (a) proceeds under any insurance
policy on account of damage or destruction of any assets or property of such Obligor or Subsidiary, (b) condemnation awards (and payments in lieu thereof), (c) indemnity payments, (d) foreign, United States, state or local tax refunds
in excess of $1,000,000 in any Fiscal Year, (e) pension plan reversions and (f) judgments, proceeds of settlements or other consideration of any kind in connection with any cause of action. 

FASB ASC: the Accounting Standards Codification of the Financial Accounting Standards Board. 

  
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 FATCA: Sections 1471 through 1474 of the Code (including any amended or successor
version if substantively comparable and not materially more onerous to comply with), and any agreements entered into pursuant to Section 1471(b)(1) of the Code. 

Federal Funds Rate: for any period, a fluctuating interest rate per annum equal to, for each day during such period, the weighted
average of the rates on overnight Federal funds transactions with members of the Federal Reserve, 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 which is a
Business Day, the average of the quotations for such day on such transactions received by Agent from three major banks of recognized standing selected by it. 

Fee Letter: the fee letter agreement between Agent and Borrower dated as of the Closing
Date, as amended, restated or otherwise modified from time to time, including as amended by the First Amendment to Fee Letter. 

Fiscal Month: as defined in the attached Schedule A for the term of the Agreement. 

Fiscal Quarter: each fiscal quarter of Borrower and its Subsidiaries for accounting and tax purposes. 

Fiscal Year: the fiscal year of Borrower and Subsidiaries for accounting and tax purposes, ending on the last Saturday of each
December. 
 Fixed Charge Coverage Ratio: the ratio, determined on a consolidated basis for Borrower and its Subsidiaries for the
most recent twelve (12) consecutive calendar months, of (a) EBITDA minus Capital Expenditures (except those financed with Borrowed Money other than Revolving Loans), to (b) Fixed Charges. 

Fixed Charges: the sum of (a) cash interest expense, plus (b) all principal payments in respect of Borrowed Money
(other than (i) mandatory prepayments of the Loans (x) in connection with asset sales pursuant to Section 2.3.1 or (y) arising from Excess Cash Flow pursuant to Section 2.3.4, (ii) unless accompanied with a permanent
reduction of the Revolving Loan Commitments, payments of the Revolving Loans, (iii) payments in respect of the Specified Unsecured Prepetition Debt, and (iv) voluntary principal payments in respect of the Loans and other Borrowed Money
(unless, in the case of revolving Indebtedness, accompanied by a permanent reduction in commitments)), plus (c) the aggregate amount of net Federal, state, local and foreign income taxes and franchise and similar taxes paid in cash
during such period, plus (d) cash Distributions (other than Distributions financed directly with proceeds of Delayed Draw Term Loans) made, plus (e) cash costs of surety bonds to the extent not deducted from Consolidated Net Income;
provided that, notwithstanding anything contained herein to the contrary, solely for purposes of calculating Fixed Charges, cash interest expense and principal payments in respect of Borrowed Money expensed or made, as the case may be, on the
last day of a calendar quarter shall be deemed to have been made on the last day of the Fiscal Quarter ending on or around such calendar quarter end. 

FLSA: the Fair Labor Standards Act of 1938. 

Foreign Lender: any Lender that is not a U.S. Person. 

  
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 Foreign Plan: any employee benefit plan or arrangement (a) maintained or
contributed to by any Obligor or Subsidiary that is not subject to the laws of the United States; or (b) mandated by a government other than the United States for employees of any Obligor or Subsidiary. 

Foreign Subsidiary: a Subsidiary that is a “controlled foreign corporation” under Section 957 of the Code. 

Full Payment: with respect to any Obligations, (a) the full and indefeasible cash payment thereof, including any interest, fees
and other charges accruing during an Insolvency Proceeding or which would accrue but for the Insolvency Proceeding (in each case, whether or not allowed in the proceeding); and (b) if such Obligations are inchoate or contingent in nature, the
Cash Collateralization thereof (or delivery of a standby letter of credit acceptable to Agent in its discretion, in the amount of required Cash Collateral). No Loans shall be deemed to have been paid in full unless all Commitments related to such
Loans have terminated. 
 GAAP: generally accepted accounting principles in effect in the United States from time to time. 

Governmental Approvals: all authorizations, consents, approvals, licenses and exemptions of, registrations and filings with, and
required reports to, all Governmental Authorities. 
 Governmental Authority: any federal, state, local, foreign or other agency,
authority, body, commission, court, instrumentality, political subdivision, central bank, or other entity or officer exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions for any governmental,
judicial, investigative, regulatory or self-regulatory authority (including any supra-national bodies such as the European Union or European Central Bank). 

Guarantee and Collateral Agreement: the Guarantee and Collateral Agreement, dated as of the Closing Date among Borrower, Agent and each
Subsidiary Guarantor, as the same may be amended, supplemented or otherwise modified from time to time. 
 Guarantors: Each
Subsidiary Guarantor and each other Person that guarantees payment or performance of Obligations. 
 Guaranty: the guaranty set forth
in the Guarantee and Collateral Agreement and each other guaranty agreement executed by a Guarantor in favor of Agent. 
 Hedging
Agreement: any “swap agreement” as defined in Section 101(53B)(A) of the Bankruptcy Code. 
 Immaterial
Subsidiary: on any date, any Subsidiary of Borrower that has had less than 2.5% of Consolidated Total Assets and less than 2.5% of annual consolidated revenues of Borrower and its Subsidiaries as reflected on the most recent financial statements
delivered pursuant to Section 10.1.2 prior to such date; provided that (a) the aggregate assets and aggregate annual consolidated revenues of all Immaterial Subsidiaries shall at no time exceed 5.0% of Consolidated Total
Assets or 5.0% of annual consolidated revenues of Borrower and its Subsidiaries, respectively, and (b) Borrower will designate in writing to Agent from time to time the Subsidiaries which will cease to be treated as “Immaterial
Subsidiaries” in order to comply with the foregoing limitations. 

  
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 Indebtedness: as applied to any Person, without duplication, (a) all obligations
of such Person for borrowed money or with respect to deposits or advances of any kind; (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments; (c) all obligations of such Person upon which interest
charges are customarily paid; (d) all obligations of such Person under conditional sale or other title retention agreements relating to property or assets purchased by such Person; (e) all obligations of such Person issued or assumed as
the deferred purchase price of property or services (excluding trade accounts payable incurred in the Ordinary Course of Business); (f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right,
contingent or otherwise, to be secured by) any Lien on Property owned or acquired by such Person, whether or not the obligations secured thereby have been assumed; (g) all guarantees or Contingent Obligations of or by such Person of
Indebtedness of others; (h) all Capital Lease Obligations of such Person; (i) net obligations of such Person under any Hedging Agreements, valued at the Agreement Value thereof; (j) all obligations of such Person to purchase, redeem,
retire, defease or otherwise make any payment in respect of any Disqualified Stock of such Person or any other Person or any warrants, rights or options to acquire such Disqualified Stock, valued, in the case of redeemable preferred interests, at
the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends; (k) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit, bank guarantees or similar
instruments; and (l) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances. The Indebtedness of any Person shall include the Indebtedness of any partnership in which such Person is a general partner,
other than to the extent that the instrument or agreement evidencing such Indebtedness expressly limits the liability of such person in respect thereof. 

Indemnified Taxes: (a) Taxes, other than Excluded Taxes, imposed on or relating to any payment of an Obligation; and (b) to
the extent not otherwise described in clause (a), Other Taxes. 
 Indemnitees: Agent Indemnitees, Lender Indemnitees and TCW
Indemnitees. 
 Insolvency Proceeding: any case or proceeding commenced by or against a Person under any state, federal or foreign
law for, or any agreement of such Person to, (a) the entry of an order for relief under the Bankruptcy Code, or any other insolvency, debtor relief or debt adjustment law; (b) the appointment of a receiver, trustee, liquidator,
administrator, conservator or other custodian for such Person or any part of its Property; or (c) an assignment or trust mortgage for the benefit of creditors. 

Intellectual Property: all intellectual and similar Property of a Person, including inventions, designs, patents, copyrights,
trademarks, service marks, trade names, trade secrets, confidential or proprietary information, customer lists, know-how, software and databases; all embodiments or fixations thereof and all related documentation, applications, registrations and
franchises; all licenses or other rights to use any of the foregoing; and all books and records relating to the foregoing. 

  
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 Intellectual Property Claim: any claim or assertion (whether in writing, by suit or
otherwise) that Borrower’s or a Subsidiary’s ownership, use, marketing, sale or distribution of any Inventory, Equipment, Intellectual Property or other Property violates another Person’s Intellectual Property. 

Intellectual Property Notices: each notice of grant of security interest in trademarks, notice of grant of security interest in patents
and notice of grant of security interest in copyrights, substantially in the forms attached as exhibits to the Guarantee and Collateral Agreement, required to be executed and delivered by an Obligor under the terms of the Guarantee and Collateral
Agreement. 
 Intercreditor Agreement: the Intercreditor Agreement of even date herewith, among Obligors, the Revolving Loan Agent
and Agent, relating to the Revolving Loan Agreement and this Agreement, and any other intercreditor agreement, on substantially the same terms and otherwise reasonably satisfactory to Agent, entered into in connection with a refinancing of the
Revolving Loan Agreement and to the extent such refinancing is permitted under this Agreement and the Intercreditor Agreement. 

Interest Period: as to any LIBOR Rate Loan, the period commencing on the date such Loan is borrowed or continued as, or converted into,
a LIBOR Rate Loan and ending on the date one (1), two (2), three (3) or six (6) months thereafter, as selected by Borrower pursuant to Section 3.2 hereof; provided, that: (a) if any Interest Period would otherwise
end on a day that is not a Business Day, such Interest Period shall be extended to the following Business Day unless the result of such extension would be to carry such Interest Period into another calendar month, in which event such Interest Period
shall end on the preceding Business Day; (b) with respect to an Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such
Interest Period), the Interest Period shall end on the last Business Day of the calendar month at the end of such Interest Period, as applicable, and (c) Borrower shall not elect an Interest Period which will end after the Maturity Date. 

Inventory: as defined in the UCC, including all goods intended for sale, lease, display or demonstration; all work in process; and all
raw materials, and other materials and supplies of any kind that are or could be used in connection with the manufacture, printing, packing, shipping, advertising, sale, lease or furnishing of such goods, or otherwise used or consumed in
Borrower’s business (but excluding Equipment). 
 Investment: an Acquisition; an acquisition of record or beneficial ownership
of any Equity Interests of a Person; or a loan, advance or capital contribution to or other investment in a Person. 
 IP Assignment:
a collateral assignment or security agreement pursuant to which an Obligor grants a Lien on its Intellectual Property to Agent, as security for its Obligations. 

IRS: the United States Internal Revenue Service. 

  
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 Junior Capital Proceeds:
Proceeds received by Borrower, in cash, from either (x) the issuance by Borrower of Equity Interests (other than Disqualified Stock) or (y) the incurrence of Subordinated Debt.

 Junior Capital Raise Satisfaction Event:
Borrower has received, after the Third Amendment Effective Date, an aggregate amount of at least $25,000,000 in Junior Capital Proceeds, and at least $25,000,000 of which has either
(x) been immediately applied as a prepayment to the remaining installments of principal of the Term Loan in the inverse order of maturity (for the avoidance of doubt, any amount that is due and payable on the Maturity Date shall constitute an
installment), (y) been deposited into escrow with a third party escrow agent subject to an escrow agreement in form and substance reasonably satisfactory to Agent and/or been set aside in a separate and segregated Deposit Account that is
subject to a Deposit Account Control Agreement in favor of Agent and over which Agent has, subject to the Intercreditor Agreement, exclusive control, in either case, which proceeds shall only be released to repay the Specified Unsecured Prepetition
Debt on the final maturity date thereof, or (z) been applied as a prepayment of the Specified Unsecured Prepetition Debt prior to the final maturity date thereof so long as, and only to the extent that, both immediately before and immediately
after giving effect thereto the Payment Conditions are satisfied. 
 Lender Indemnitees: Lenders and their officers, directors,
employees, Affiliates, agents and attorneys. 
 Lenders: as defined in the preamble to this Agreement and any other Person who
hereafter becomes a “Lender” pursuant to an Assignment and Acceptance, including any Lending Office of the foregoing. 

Lending Office: the office (including any domestic or foreign Affiliate or branch) designated as such by the applicable Lender at the
time it becomes party to this Agreement or thereafter by written notice to Agent and Borrower. 
 LIBOR: with respect to each day
during each Interest Period pertaining to a LIBOR Rate Loan, the greater of (a) 1.00% per annum and (b) the rate per annum appearing on Bloomberg L.P.’s (the “Service”) Page BBAM1/(Official BBA USD Dollar Libor
Fixings) (or on any successor or substitute page of such Service, or any successor to or substitute for such Service) two (2) Business Days prior to the beginning of such Interest Period, in an amount approximately equal to the principal amount
of the LIBOR Rate Loan to which such Interest Period is to apply and for a period of time comparable to such Interest Period, which determination shall be conclusive absent manifest error. If such rate is not available at such time for any reason,
then “LIBOR” for such Interest Period shall be the rate per annum determined by Agent to be the rate per annum equal to the offered quotation rate to first class banks in the London interbank market for deposits (for delivery on the first
day of the relevant period) in Dollars of amounts in same day funds comparable to the principal amount of the applicable LIBOR Rate Loan of 3 major London banks for which LIBOR is then being determined with maturities comparable to such Interest
Period as of approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period, which determination shall be conclusive absent manifest error. Notwithstanding anything herein to the contrary, if
“LIBOR” shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

  
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 LIBOR Rate: for each Interest Period for each LIBOR Rate Loan, the rate per annum
determined by Agent (rounded upwards if necessary, to the next 1/100 of 1.00%) by dividing (a) LIBOR for such Interest Period by (b) 100% minus the Reserve Percentage. The LIBOR Rate shall be adjusted on and as of the effective day of any
change in the Reserve Percentage. 
 LIBOR Rate Loans: the Loans which accrue interest by reference to the LIBOR Rate, in accordance
with the terms of this Agreement. 
 License: any written license or written agreement under which an Obligor or any of its
Subsidiaries is granted the right or otherwise is authorized to use Intellectual Property in connection with any manufacture, marketing, distribution or disposition of Collateral, any use of Property or any other conduct of its business, that
requires a guaranteed minimum payment of Royalties in excess of $500,000 per year. 
 Licensor: any Person from whom an Obligor
obtains the right to use any Intellectual Property. 
 Lien: a Person’s interest in Property securing an obligation owed to, or
a claim by, such Person, including any lien, security interest, pledge, hypothecation, assignment, trust, reservation, encroachment, easement, right-of-way, covenant, condition, restriction, leases, or other title exception or encumbrance. 

Lien Waiver: an agreement, in form and substance reasonably satisfactory to Agent, by which (a) for any material Collateral
located on leased premises, the lessor waives or subordinates any Lien it may have on the Collateral, and agrees to permit Agent to enter upon the premises and remove the Collateral or to use the premises to store or dispose of the Collateral;
(b) for any Collateral held by a warehouseman, processor, shipper, customs broker or freight forwarder, such Person waives or subordinates any Lien it may have on the Collateral, agrees to hold any Documents in its possession relating to the
Collateral as agent for Agent, and agrees to deliver the Collateral to Agent upon request; (c) for any Collateral held by a repairman, mechanic or bailee, such Person acknowledges Agent’s Lien, waives or subordinates any Lien it may have
on the Collateral, and agrees to deliver the Collateral to Agent upon request; and (d) for any Collateral subject to a Licensor’s Intellectual Property rights, the Licensor grants to Agent the right, vis-à-vis such Licensor, to
enforce Agent’s Liens with respect to the Collateral, including the right to dispose of it with the benefit of the Intellectual Property, whether or not a default exists under any applicable License. 

Loan Documents: this Agreement, the Security Documents, the Intercreditor Agreement, each Compliance Certificate, the Fee Letter, each
Related Real Estate Document, Borrower Materials, any promissory notes issued pursuant to this Agreement and any other note, document, instrument or agreement now or hereafter delivered by an obligor or other Person to Agent or a Lender in
connection with any transactions relating hereto. 
 Loan Year: each 12 month period commencing on the Closing Date and on each
anniversary of the Closing Date. 
 Loans: the Term Loan and any Protective Advances. 

  
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 Margin Stock: as defined in Regulation U of the Board of Governors. 

Material Adverse Effect: the effect of any event or circumstance that, taken alone or in conjunction with other events or
circumstances, (a) has or could be reasonably expected to have a material adverse effect on the business, assets, liabilities, operations or financial condition of Borrower, individually or the Obligors, taken as a whole, on the value of any
material Collateral, on the enforceability of any Loan Documents, or on the validity or priority of Agent’s Liens on any Collateral; (b) materially impairs the ability of an Obligor to perform its obligations under the Loan Documents,
including repayment of any Obligations; or (c) otherwise materially impairs the ability of Agent or any Lender to enforce or collect any Obligations or to realize upon any Collateral. 

Material Contract: any agreement or arrangement to which Borrower or a Subsidiary is party (other than the Loan Documents) (a) for
which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (b) that relates to Subordinated Debt, or to Indebtedness in an aggregate amount of $2,500,000 or more. 

Maturity Date: April 7, 2022. 

Moody’s: Moody’s Investors Service, Inc., and its successors. 

Mortgage: a mortgage or deed of trust in which an Obligor grants a Lien on its Real Estate to Agent, as security for the repayment of
the Obligations. 
 Multiemployer Plan: any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which
any Obligor or ERISA Affiliate makes or is obligated to make contributions, or during the preceding five (5) plan years, has made or been obligated to make contributions. 

Net Proceeds: 
 (a) with
respect to any Asset Disposition by any Obligor or any of its Subsidiaries of any assets, the amount of cash proceeds received (directly or indirectly) from time to time (whether as initial consideration or through the payment of deferred
consideration) by or on behalf of such Obligor or Subsidiary in connection therewith after deducting therefrom only (i) the amount of any Indebtedness secured by any Permitted Lien on any asset (other than (A) the Obligations and
(B) Indebtedness assumed by the purchaser of such asset) which is required to be, and is, repaid in connection with such Asset Disposition, (ii) reasonable fees, commissions and expenses related thereto and required to be paid by such
Obligor or such Subsidiary in connection with such Asset Disposition, (iii) taxes paid or payable to any taxing authorities by such Obligor or such Subsidiary in connection with such Asset Disposition, in each case to the extent, but only to
the extent, that the amounts so deducted are, at the time of receipt of such cash, actually paid or payable to a Person that is not an Affiliate of any Obligor or any of its Subsidiaries, and are properly attributable to such transaction; and
(iv) all amounts that are set aside as a reserve (A) for adjustments in respect of the purchase price of such assets, (B) for any liabilities associated with such sale or casualty, to the extent such reserve is required by GAAP, and
(C) for the payment of unassumed liabilities relating to the assets sold or otherwise disposed of at the time of, or within thirty (30) days after, the date of such Asset Disposition; 

  
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 (b) with respect to the issuance or incurrence of any Indebtedness by any Obligor or any of
its Subsidiaries, or the issuance by any Obligor or any of its Subsidiaries of any Equity Interests (other than proceeds received upon the exercise of awards of Equity Interests of the Borrower issued to directors or employees of Borrower), the
aggregate amount of cash received (directly or indirectly) from time to time (whether as initial consideration or through the payment or disposition of deferred consideration) by or on behalf of such Obligor or such Subsidiary in connection with
such issuance or incurrence, after deducting therefrom only (i) reasonable fees, commissions and expenses related thereto and required to be paid by such Obligor or such Subsidiary in connection with such issuance or incurrence, (ii) taxes
paid or payable to any taxing authorities by such Obligor or such Subsidiary in connection with such issuance or incurrence, in each case to the extent, but only to the extent, that the amounts so deducted are, at the time of receipt of such cash,
actually paid or payable to a Person that is not an Affiliate of any Obligor or any of its Subsidiaries, and are properly attributable to such transaction; and 

(c) with respect to any Extraordinary Receipts received by any Obligor or any of its Subsidiaries, the amount of cash proceeds received
(directly or indirectly) from time to time (whether as initial consideration or through the payment of deferred consideration) by or on behalf of such Obligor or Subsidiary in connection therewith after deducting therefrom only (i) the amount
of any Indebtedness secured by any Permitted Lien on any asset (other than the Obligations) and which is required to be, and is, repaid in connection with such Extraordinary Receipt; (ii) reasonable fees, commissions and expenses related
thereto and required to be paid by such Obligor or such Subsidiary in connection with such Extraordinary Receipt; and (iii) taxes paid or payable to any taxing authorities by such Obligor or such Subsidiary in connection with such Extraordinary
Receipt, in each case to the extent, but only to the extent, that the amounts so deducted are, at the time of receipt of such cash proceeds, actually paid or payable to a Person that is not an Affiliate of any Obligor or any of its Subsidiaries, and
are properly attributable to such transaction. 
 Net Senior Leverage Ratio: on any date, the ratio of (a) Senior Debt on such
date minus Unrestricted Cash, to (b) EBITDA for the period of four consecutive Fiscal Quarters most recently ended on or prior to such date. 

Notice of Borrowing: a written notification substantially in the form of Exhibit F. 

Obligations: all (a) principal of and premium, if any, on the Loans, (b) interest, expenses, fees, indemnification
obligations, Extraordinary Expenses and other amounts payable by Obligors under Loan Documents, including interest that accrues following the commencement of an Insolvency Proceeding or which would accrue but for the commencement of such Insolvency
Proceeding (whether or not allowed in such proceeding), and (c) other Indebtedness, obligations and liabilities of any kind owing by Obligors pursuant to the Loan Documents, including obligations under the Secured Guarantee (as defined in the
Guarantee and Collateral Agreement), whether now existing or hereafter arising, whether evidenced by a note or other writing, whether allowed in any Insolvency Proceeding, whether arising from an extension of credit, issuance of a letter of credit,
acceptance, loan, guaranty, indemnification or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, or joint or several. 

  
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 Obligor: Borrower, each Guarantor, or each other Person that is liable for payment of
any Obligations or that has granted a Lien in favor of Agent on its assets to secure any Obligations. 
 OFAC: Office of Foreign
Assets Control of the U.S. Treasury Department. 
 Ordinary Course of Business: the ordinary course of business of Borrower or
Subsidiary, undertaken in good faith and consistent with Applicable Law and past practices. 
 Organic Documents: with respect to any
Person, its charter, certificate or articles of incorporation, bylaws, articles of organization, limited liability agreement, operating agreement, members agreement, shareholders agreement, partnership agreement, certificate of partnership,
certificate of formation, voting trust agreement, or similar agreement or instrument governing the formation or operation of such Person. 

OSHA: the Occupational Safety and Hazard Act of 1970. 

Other Connection Taxes: Taxes imposed on a Recipient due to a present or former connection between it and the taxing jurisdiction
(other than connections arising from the Recipient having executed, delivered, become party to, performed obligations or received payments under, received or perfected a Lien or engaged in any other transaction pursuant to, enforced, or sold or
assigned an interest in, any Loan or Loan Document). 
 Other Taxes: all present or future stamp, court, documentary, intangible,
recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a Lien under, or otherwise with respect to, any Loan Document,
except Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.9). 

Participant: as defined in Section 13.2. 

Patriot Act: the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of
2001, Pub. L. No. 107-56, 115 Stat. 272 (2001). 
 Payment Account: the account specified on the signature pages hereof into
which all payments by or on behalf of Borrower to Agent under this Agreement and the other Loan Documents shall be made, or such other account as Agent shall from time to time specify by notice to Borrower. 

Payment Conditions: with respect to the applicable specified activity on any date of determination, (a) no Default or Event of
Default exists or would result from the specified activity; (b) Specified Availability on the date of such determination, before and after giving pro forma effect to such specified activity, is greater than or equal to $18,750,000; (c) the
average daily amount of Specified Availability for the 60-day period immediately preceding such 

  
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specified activity shall have been greater than or equal to $18,750,000, calculated on a pro forma basis assuming such specified activity occurred on the first day of such 60-day period;
(d) immediately after giving effect to the specified activity, Borrower shall be in compliance on a pro forma basis with the financial covenants set forth in Section 10.3 hereof, recomputed for the most recently ended month for
which financial statements are required to be delivered pursuant to Section 10.1.2 hereof; (e) immediately after giving effect to the specified activity, the Net Senior Leverage Ratio calculated on a pro forma basis for the
four (4) consecutive Fiscal Quarters ending immediately prior to such specified activity, recomputed for the most recently ended month for which financial statements are required to be delivered pursuant to Section 10.1.2 hereof,
shall not exceed the lesser of (i) 3.50 to 1.00 (or, at any time after receipt of the financial statements delivered pursuant to clause (a) of Section 10.1.2 with respect to the Fiscal Year ending December 30, 2017, solely
to the extent that EBITDA for the period of twelve (12) consecutive months most recently ended on or prior to the date of such funding is at least $50,000,000, 3.75 to 1.00), and (ii) 0.25 less than the maximum Net Senior Leverage Ratio
permitted pursuant to Section 10.3.2 for such Fiscal Quarter; and (f) Borrower shall have delivered a certificate to Agent certifying as to clauses (a) through (e) above and setting forth projections prepared in good faith
demonstrating that Specified Availability shall be greater than or equal to $18,750,000 for the greater of (i) the 90-day period following such specified activity and (ii) the period following such specified activity up to and including
August 31 of such year (or the following year if such specified activity occurs after August 31 of such year). 
 Payment
Item: each check, draft or other item of payment payable to Borrower, including those constituting proceeds of any Collateral. 

Payment Notification: a written notification substantially in the form of Exhibit G. 

PBGC: the Pension Benefit Guaranty Corporation. 

Pension Plan: any employee pension benefit plan (as defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is
subject to Title IV of ERISA and is sponsored or maintained by any Obligor or ERISA Affiliate or to which such Obligor or ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described
in Section 4064(a) of ERISA, has made contributions at any time during the preceding five (5) plan years. 
 Perfection
Certificate: as defined in the Guarantee and Collateral Agreement. 
 Permitted Acquisition: any Acquisition as long as
(a) no Default or Event of Default exists or is caused thereby; (b) the Acquisition is consensual and such Acquisition and all transactions related thereto shall be consummated in accordance with Applicable Law; (c) the assets,
business or Person being acquired is useful or engaged in the same or a similar line of business as Borrower and its Subsidiaries and is located or organized within the United States; (d) the assets, business or Person being acquired has EBITDA
for the 12 month period most recently ended of no less than negative $3,000,000; provided that EBITDA for purposes of this clause (d) shall be calculated after giving pro forma effect to such Acquisition (including pro forma adjustments
arising out of events which are directly attributable to such Acquisition, are factually supportable, and are expected to have a continuing impact, in each case to be mutually 

  
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and reasonably agreed upon by Borrower and Agent); (e) no Indebtedness or Liens are assumed or incurred, other than Permitted Indebtedness and Permitted Liens; provided that no Liens
shall be permitted on acquired Inventory or Accounts at the time of such Acquisition; (f) the Payment Conditions are satisfied; (g) if, as a result of such Acquisition, a new Subsidiary is formed or acquired, Obligors shall comply with all
applicable provisions of Section 10.1.14; (h) Obligors shall take such actions as may be required or reasonably requested to ensure that Agent, for the ratable benefit of the Lenders, has a perfected security interest, to the extent
contemplated in the Guarantee and Collateral Agreement and with the priority contemplated in the Intercreditor Agreement, in any assets acquired in such Acquisition and required to become Collateral pursuant to Section 10.1.14 or any
other Loan Document; and (i) Borrower uses commercially reasonable efforts to deliver to Agent, at least ten (10) Business Days prior to the Acquisition (but in any event shall deliver to Agent within five (5) Business Days prior to
the Acquisition), copies of all material agreements relating thereto and a certificate, in form and substance satisfactory to Agent, stating that the Acquisition is a “Permitted Acquisition” and demonstrating compliance with the foregoing
requirements. 
 Permitted Asset Disposition: as long as no Default or Event of Default exists and all Net Proceeds are remitted to
Agent to the extent required by Section 2.3 or the other provisions of the Loan Documents and subject to the terms of the Intercreditor Agreement, an Asset Disposition that is 

(a) dispositions or abandonments of damaged, worn-out, obsolete, unmerchantable or surplus Equipment, in each case in the Ordinary Course of
Business; 
 (b) dispositions of Inventory in the Ordinary Course of Business; 

(c) dispositions of Cash Equivalents in the Ordinary Course of Business; 

(d) dispositions between and among Borrower and its Subsidiaries; provided that if the transferor in such a transaction is an Obligor,
then either (x) the transferee must be an Obligor, (y) the aggregate amount of all dispositions made pursuant to this clause (d)(y) shall not exceed $2,500,000 in the aggregate during the term of this Agreement, or (z) the portion of
any such Disposition made for less than fair market value and any non-cash consideration received in exchange for such Disposition shall in each case constitute an Investment in such Subsidiary and must be otherwise permitted hereunder; 

(e) dispositions solely among Subsidiaries that are not Obligors; 

(f) the sale of services, or the termination of any contracts, in each case in the Ordinary Course of Business; 

(g) the granting of Liens permitted by Section 10.2.2; 

(h) the sale or discount, in each case without recourse, of accounts receivable arising in the Ordinary Course of Business and not included in
the most recently delivered Borrowing Base Certificate delivered hereunder, but only in connection with the compromise or collection thereof; 

  
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 (i) any involuntary loss, damage or destruction of property, or any involuntary
condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, or confiscation or requisition or use of property; 

(j) the leasing or subleasing of assets of Borrower or its Subsidiaries in the Ordinary Course of Business; 

(k) the sale or issuance of Equity Interests (other than Disqualified Stock) of Borrower not resulting in a Change of Control, so long as
(i) such disposition is made at fair market value, (ii) in any such disposition, at least 90% of the purchase price is paid in cash and (iii) the Net Cash Proceeds thereto are applied against the Loan in accordance with
Section 2.3.3. 
 (l) (i) the lapse of registered patents, trademarks, copyrights and other Intellectual Property of
Borrower and its Subsidiaries to the extent not economically desirable in the conduct of their business or (ii) the abandonment of patents, trademarks, copyrights, or other Intellectual Property in the Ordinary Course of Business so long as (in
each case under clauses (i) and (ii)), (x) with respect to copyrights, such copyrights are not material revenue generating copyrights, and (y) such lapse is not materially adverse to the interests of the Secured Parties hereunder;

 (m) the making of Distributions that are expressly permitted to be made pursuant to Section 10.2.4 of this Agreement; 

(n) dispositions constituting Investments to the extent permitted under Section 10.2.5; 

(o) dispositions constituting the licensing or cross-licensing, in any case, on a non-exclusive basis, of Intellectual Property rights in the
Ordinary Course of Business; 
 (p) sale leaseback transactions with respect to property having a fair market value not to exceed $5,000,000
in the aggregate during the term of this Agreement; 
 (q) a Specified Asset Disposition so long as (i) the Payment Conditions are
satisfied, (ii) the Net Senior Leverage Ratio calculated immediately after such disposition is not greater than the Net Senior Leverage Ratio calculated immediately prior to such disposition, and (iii) any proceeds of such disposition
constituting Term Priority Collateral are used to prepay the Loans; 
 (r) as otherwise approved in writing by Agent and the Required
Lenders; and 
 (s) Asset Dispositions in each Fiscal Year during the term of this Agreement in an amount of up to $250,000, but not to
exceed $750,000 in the aggregate during the term of this Agreement; 
 provided that in any Asset Disposition permitted under clauses
(a) through (v) (other than under clauses (d), (e), (i), (l), (m), (n), (o) and (p)) above, Borrower receives fair market value (as determined by Borrower in good faith) and at least 75% of the proceeds consist of cash or Cash
Equivalents. 

  
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 Permitted Contingent Obligations: Contingent Obligations (a) arising from
endorsements of Payment Items for collection or deposit in the Ordinary Course of Business; (b) arising from Hedging Agreements permitted hereunder; (c) existing on the Closing Date and set forth in Schedule 10.2.1, and any extension or
renewal thereof that does not increase the amount of such Contingent Obligation when extended or renewed; (d) incurred in the Ordinary Course of Business with respect to surety, appeal or performance bonds, or other similar obligations;
(e) arising from customary indemnification obligations in favor of purchasers in connection with dispositions permitted hereunder; (f) arising under the Loan Documents or the Revolving Loan Facility; or (g) in an aggregate amount of
$2,500,000 or less at any time. 
 Permitted Indebtedness: as defined in Section 10.2.1. 

Permitted Lien: as defined in Section 10.2.2. 

Permitted Purchase Money Debt: Purchase Money Debt of Borrower and its Subsidiaries that is unsecured or secured only by a Purchase
Money Lien, as long as the aggregate amount together with all Capital Lease Obligations does not exceed $2,000,000 at any time and its incurrence does not violate Section 10.2.3. 

Permitted Surety Bonds: unsecured guarantees and reimbursement obligations incurred in the Ordinary Course of Business with respect to
surety and appeal bond, performance bonds, bid bonds, appeal bonds, completion guarantee and similar obligations. 
 Person: any
individual, corporation, limited liability company, partnership, joint venture, association, trust, unincorporated organization, Governmental Authority or other entity. 

PIK Interest: shall have the meaning set forth in the definition of “Applicable
Margin”. 
 PIK Interest Rate: the applicable rate per annum corresponding
to the applicable Net Senior Leverage Ratio, all as set forth in the following table: 
  

					
	Net Senior Leverage Ratio	  	PIK Interest Rate	 
	 > 5.00x
	  	 	2.00	% 
	 > 4.25x, but < 5.00x
	  	 	1.00	% 
	 <4.25x
	  	 	0.00	% 

 The PIK Interest Rate shall be adjusted quarterly, to
the extent applicable, as of the first Business Day of the month following the date on which financial statements are required to be delivered pursuant to Section 10.1.2 hereof (including with respect to the last Fiscal Quarter of each Fiscal
Year) after the end of each related Fiscal Quarter based on the Net Senior Leverage Ratio as of the last day of such Fiscal Quarter. Notwithstanding the foregoing, during the period commencing on the Third Amendment Effective Date and ending on
the first Business Day of the month following the date on which financial statements for the Fiscal Quarter ending March 30, 2019 have been delivered in accordance with Section 10.1.2(b) hereof, the PIK Interest Rate shall be 1.00%.

  
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 Plan: any employee benefit plan (as defined in Section 3(3) of ERISA)
established by an Obligor or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, an ERISA Affiliate. 

Plan of Reorganization: the Debtors’ Second Amended Joint Plan of Reorganization under Chapter 11 of the Bankruptcy Code, as filed
with the Bankruptcy Court on May 23, 2013. 
 Platform: as defined in Section 14.3.3. 

Prime Rate: for any period, the greatest of (a) 3.00% per annum, (b) the Federal Funds Rate plus 0.50% per annum,
(c) the LIBOR Rate (which rate shall be calculated based upon an Interest Period of one (1) month and shall be determined on a daily basis) plus 1.00% per annum, and (d) the rate last quoted by The Wall Street Journal as the
“Prime Rate” in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected
Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by Agent) or any similar release by the Federal Reserve Board (as determined by Agent). Each change
in the Reference Rate shall be effective from and including the date such change is publicly announced as being effective. 
 Prime Rate
Loans: shall mean the Loans which accrue interest by reference to the Prime Rate, in accordance with the terms of this Agreement. 

Properly Contested: with respect to any obligation of an Obligor, (a) the obligation is subject to a bona fide dispute regarding
amount or such Obligor’s liability to pay; (b) the obligation is being properly contested in good faith by appropriate proceedings promptly instituted and diligently pursued; (c) appropriate reserves have been established in
accordance with GAAP; (d) non-payment during such contest could not have a Material Adverse Effect, nor result in forfeiture or sale of any material assets of such Obligor; (e) no Lien, other than any Permitted Lien, is imposed on assets
of such Obligor, unless bonded and stayed to the reasonable satisfaction of Agent in its discretion; and (f) if the obligation results from entry of a judgment or other order, such judgment or order is stayed pending appeal or other judicial
review. 
 Property: any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible. 

Proposal Letter: the proposal letter, dated as of March 3, 2017, between Agent and Borrower. 

Protective Advances: shall have the meaning set forth in Clause (e) of Section 2.1.1 hereof. 

Purchase Money Debt: (a) Indebtedness (other than the Obligations) for payment of any of the purchase price of the acquisition,
construction or improvement of any fixed or capital assets; (b) Indebtedness (other than the Obligations) incurred within ninety (90) days before or after the acquisition or completion of such construction or improvement of any fixed
assets or capital assets, for the purpose of financing any of the purchase price thereof; and (c) any renewals, extensions or refinancings (but not increases) thereof. 

  
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 Purchase Money Lien: a Lien that secures Purchase Money Debt, encumbering only the
fixed assets acquired with such Indebtedness and constituting a Capital Lease or a purchase money security interest under the UCC. 

Quality of Earnings Report: shall have the meaning set forth in Section 6.1(o) hereof. 

RCRA: the Resource Conservation and Recovery Act (42 U.S.C. §§ 6991-6991i). 

Real Estate: all right, title and interest (whether as owner, lessor or lessee) in any land and/or any buildings, structures, parking
areas or other improvements thereon together with any related real Property interests related thereto. 
 Reasonable Credit Judgment:
Agent’s commercially reasonable credit judgment (from the perspective of a secured, term loan lender) exercised, in good faith. 

Recipient: Agent, any Lender or any other recipient of a payment to be made by an Obligor under a Loan Document or on account of an
Obligation. 
 Refinancing Conditions: the following conditions for Refinancing Debt: (a) it is in an aggregate principal amount
that, together with the undrawn commitments therefor, does not exceed the sum of the principal amount of the Indebtedness and the undrawn commitments therefor, in each case being extended, renewed or refinanced (solely for purposes of this
definition, “Refinanced Debt”) plus accrued interest (including any interest paid in kind), fees and premiums (if any) thereon and reasonable fees and expenses associated with the refinancing; (b) the Refinanced Debt shall be
repaid, defeased or satisfied and discharged on a dollar-for-dollar basis (or such lesser basis that results in repayment in full of such Refinanced Debt), and all accrued interest, fees and premiums (if any) in connection therewith shall be paid,
substantially concurrently with such refinancing; (c) it has a final maturity no sooner than, a weighted average life no less than, and an interest rate no greater than, the Refinanced Debt; (d) if it is secured, the terms and conditions
relating to collateral for such Indebtedness, taken as a whole, shall be no more favorable to the investors providing such Indebtedness than the terms and conditions with respect to the collateral for the Refinanced Debt (and the Liens on any
collateral securing such Indebtedness shall have the same (or lesser) priority as the Refinanced Debt relative to the Liens on the Collateral securing the Obligations) and if such Refinancing Debt is secured by the Collateral, it shall be subject to
the Intercreditor Agreement; (e) it is subordinated to the Obligations at least to the same extent as the Indebtedness being extended, renewed or refinanced; (f) such Refinancing Debt shall be otherwise on terms and conditions (other than
interest, fees, premiums, funding discounts, optional prepayment provisions, guarantees, collateral and subordination) that are, taken as a whole, in the reasonable good faith determination of Borrower, not materially less favorable to Borrower than
those applicable to the Refinanced Debt; (g) no additional Lien is granted to secure it; (h) no additional Person is obligated on such Indebtedness; and (i) upon giving effect to it, no Default or Event of Default exists. 

Refinancing Debt: Borrowed Money or any commitment to extend credit that is the result of an extension, renewal or refinancing of
Indebtedness permitted under Section 10.2.1(b), (d) or (f) or any commitment to extend credit in connection with the foregoing. 

  
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 Register: shall have the meaning set forth in Section 2.2.2 hereof. 

Related Real Estate Documents: with respect to any Real Estate subject to a Mortgage, the following, in form and substance satisfactory
to Agent and received by Agent for review at least fifteen (15) days prior to the effective date of the Mortgage: (a) a mortgagee title policy (or binder therefor) covering Agent’s interest under the Mortgage, by an insurer acceptable
to Agent which must be fully paid on such effective date and which will be in an amount satisfactory to Agent; (b) a survey of the Real Estate, in form and substance reasonably satisfactory to Agent, certified by a licensed surveyor acceptable
to Agent; (c) a life-of-loan flood hazard determination and, if the Real Estate is located in a special flood hazard area, an acknowledged notice to Borrower and flood insurance by an insurer acceptable to Agent; (d) if requested by Agent,
an appraisal complying with the requirements of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, by a third-party appraiser acceptable to Agent, and in form and substance satisfactory to Required Lenders; (e) upon the
reasonable request of Agent, Phase I environmental assessments (“Phase Is”), prepared by environmental engineers reasonably acceptable to Agent, (f) such other reports, certificates, studies or data as Agent may reasonably
require, all in form and substance satisfactory to Required Lenders; and (g) such other documents, instruments or agreements as Agent may reasonably require with respect to any environmental risks regarding the Real Estate. 

Replacement Lender: shall have the meaning set forth in Section 3.9 hereof. 

Report: as defined in Section 12.2.3. 

Reportable Event: any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day notice period
has been waived. 
 Required Lenders: Lenders holding at least 51% of the sum of the outstanding principal balance of the Term Loan.

 Reserve Percentage: on any day, for any Lender, the maximum percentage prescribed by the Board of Governors of the Federal Reserve
System (or any successor thereto) for determining the reserve requirements (including any basic, supplemental, marginal, or emergency reserves) that are in effect on such date with respect to eurocurrency funding (currently referred to as
“eurocurrency liabilities”) of that Lender, but so long as such Lender is not required or directed under applicable regulations to maintain such reserves, the Reserve Percentage shall be zero. 

Restricted Investment: any Investment by Borrower or any Subsidiary, other than 

(a) Investments existing on the Closing Date and set forth on Schedule 10.2.5; 

(b) Investments in Cash Equivalents made in the Ordinary Course of Business; 

(c) Investments in Borrower or any Subsidiary, provided that (i) any such Investments in the form of loans and advances made by an
Obligor shall be permitted so long as no Default or Event of Default exists or would result therefrom and shall be evidenced by a promissory note pledged to Agent (or its agent, designee or bailee) for the ratable benefit of the

  
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Lenders pursuant to the Guarantee and Collateral Agreement, (ii) any such Investments in the form of Equity Interests held by an Obligor shall be pledged pursuant to the Guarantee and
Collateral Agreement (subject to any limitations applicable to voting stock of a Foreign Subsidiary referred to therein) and (iii) the aggregate amount of such Investments made from the Closing Date by Obligors in Subsidiaries that are not
Obligors shall not exceed $2,500,000; 
 (d) Investments received in connection with the bankruptcy or reorganization of, or settlement of
delinquent accounts and disputes with, customers and suppliers, in each case in the Ordinary Course of Business; 
 (e) loans made by
Borrower and its Subsidiaries in the Ordinary Course of Business in accordance with their usual practice to their respective employees so long as the aggregate principal amount thereof at any time outstanding (determined without regard to any
write-down or write-offs of such loans and advances) shall not exceed $1,000,000; 
 (f) Hedging Agreements entered into by Borrower and its
Subsidiaries that are entered into in the Ordinary Course of Business and not for speculative purposes; 
 (g) to the extent constituting an
Investment, Capital Expenditures not prohibited hereunder; 
 (h) Investments consisting of the non-cash portion of the sales price received
for Permitted Asset Dispositions; 
 (i) lease, utility and other deposits or advances in the Ordinary Course of Business; 

(j) cash earnest money deposits made in connection with Permitted Acquisitions or other acquisitions of assets permitted hereunder; 

(k) Investments in the Ordinary Course of Business consisting of endorsements for collection or deposit; 

(l) Investments of any Person existing at the time such Person becomes a Subsidiary, or consolidates, amalgamates or merges with Borrower or a
Subsidiary (including in connection with a Permitted Acquisition) (but excluding Investments in Subsidiaries which must be otherwise permitted by this definition of “Restricted Investments”) so long as such Investments were not made
in contemplation of such Person becoming a Subsidiary or of such consolidation, amalgamation or merger; 
 (m) Investments of Net Proceeds of
a Permitted Asset Disposition in accordance with the reinvestment rights set forth in Section 2.3.1; 
 (n) Extensions of trade
credit in the Ordinary Course of Business; 

  
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 (o) Investments constituting Permitted Acquisitions; provided that the aggregate
consideration paid in Permitted Acquisitions to acquire a Person that will not be an Obligor following the acquisition thereof, or to acquire property or assets that will not be owned by an Obligor (each, a “Non-Obligor Permitted
Acquisition”) shall not exceed, at the time of any such acquisition, together with the aggregate consideration paid in all Non-Obligor Permitted Acquisitions effected prior to such time, $1,000,000; 

(p) to the extent constituting Investments, Permitted Contingent Obligations; and 

(q) other Investments not included in the preceding clauses; provided that (x) the aggregate amount of such Investments together
with the aggregate consideration paid in all Non-Obligor Permitted Acquisitions effected prior to such time, shall not exceed $5,000,000 and (y) Investments permitted pursuant to this clause (q) shall not include Acquisitions and Permitted
Acquisitions (other than Non-Obligor Permitted Acquisitions) otherwise permitted hereunder, which shall only be permitted in compliance with clause (o) above. 

Restrictive Agreement: an agreement (other than a Loan Document) that conditions or restricts the right of Borrower, any Subsidiary or
any other Obligor to incur or repay Borrowed Money, to grant Liens on any assets, to declare or make Distributions, to modify, extend or renew any agreement evidencing Borrowed Money, or to repay any intercompany Indebtedness. 

Revolving Loan Agent: the “Agent” as defined in the Revolving Loan Agreement. 

Revolving Loan Agreement: that certain Loan Agreement dated as of the Revolving Loan Agreement Closing Date by and among Revolving Loan
Agent, the Revolving Loan Lenders and the Obligors, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement, including without limitation, as amended by the Closing Date Revolving Loan
Agreement Amendment. 
 Revolving Loan Agreement Closing Date: June 11, 2013. 

Revolving Loan Commitments: “Commitments” as defined in the Revolving Loan Agreement. 

Revolving Loan Documents: “ABL Documents” as defined in the Intercreditor Agreement. 

Revolving Loan Facility: (i) the Revolving Loan Agreement and (ii) any refinancing thereof as long as each Refinancing
Condition is satisfied, in each case to the extent permitted by this Agreement and the Intercreditor Agreement. 
 Revolving Loan
Lenders: the financial institutions from time to time party to the Revolving Loan Agreement as lenders. 
 Revolving Loan
Obligations: “Obligations” (or any such similar term) (as defined in the Revolving Loan Agreement). 
 Revolving Loans:
shall mean “Loans” as defined in the Revolving Loan Agreement. 

  
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 Royalties: all royalties, fees, expense reimbursement and other amounts payable by an
Obligor under a License. 
 S&P: Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill
Companies, Inc. and any successor thereto. 
 Sanction: any international economic sanction administered or enforced by the United
States Government (including OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. 

Scheduled Term Loan Installment Payments: shall have the meaning set forth in Section 2.1.2 hereof. 

Second Amendment Effective Date: September 29, 2018. 

Secured Parties: Agent and Lenders. 

Securities Account Control Agreement: the Securities Account control agreements to be executed by the relevant Obligor and each
institution maintaining a Securities Account for Borrower or an Obligor, in favor of Agent, as security for the Obligations, in the form required and to the extent required under Section 8.5. 

Security Documents: the Guarantee and Collateral Agreement, each Security Agreement Supplement (as defined in the Guarantee and
Collateral Agreement), Mortgages, IP Assignments, Deposit Account Control Agreements, Securities Account Control Agreements and all other documents, instruments and agreements now or hereafter securing (or given with the intent to secure) any
Obligations. 
 Senior Debt: as of any date of determination, Borrowed Money of Borrower and its Subsidiaries as of such date, other
than Subordinated Debt; provided that for the avoidance of doubt, Senior Debt shall include (x) Indebtedness under the Revolving Loan Facility and (y) any Indebtedness the final maturity date of which is earlier than the Maturity
Date other than Specified Unsecured Prepetition Debt; provided, further that reimbursement obligations with respect to Permitted Surety Bonds shall not constitute Senior Debt; provided further, that for purposes of
determining Senior Debt, as of any date of determination, Indebtedness under the Revolving Loan Agreement shall be deemed to be the average daily amount of such Indebtedness for the 365-day period immediately preceding such
date<.>; provided further, that for purposes of determining Senior Debt with respect to any testing period that includes the month that any portion of the Specified
Unsecured Prepetition Debt is paid, if such payment is financed with proceeds of Revolving Loans, average indebtedness under the Revolving Loan Agreement will be calculated after giving pro forma effect (as if such payment (and the incurrence of
Revolving Loans in connection therewith) was made of the first day of such testing period) to the amount of such payment of the Specified Unsecured Prepetition Debt (and the incurrence of Revolving Loans in connection therewith). 

Senior Officer: the president, chief executive officer, chief accounting officer, chief operating officer or chief financial officer of
Borrower or, if the context requires, an Obligor. 

  
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 Solvent: as to any Person, such Person (a) owns Property whose fair salable
value is greater than the amount required to pay all of its debts (including contingent, subordinated, unmatured and unliquidated liabilities); (b) owns Property whose present fair salable value (as defined below) is greater than the probable
total liabilities (including contingent, subordinated, unmatured and unliquidated liabilities) of such Person as they become absolute and matured; (c) is able to pay all of its debts as they mature; (d) has capital that is not unreasonably
small for its business and is sufficient to carry on its business and transactions and all business and transactions in which it is about to engage; (e) is not “insolvent” within the meaning of Section 101(32) of the Bankruptcy
Code; and (f) has not incurred (by way of assumption or otherwise) any obligations or liabilities (contingent or otherwise) under any Loan Documents, or made any conveyance in connection therewith, with actual intent to hinder, delay or defraud
either present or future creditors of such Person or any of its Affiliates. “Fair salable value” means the amount that could be obtained for assets within a reasonable time, either through collection or through sale under ordinary
selling conditions by a capable and diligent seller to an interested buyer who is willing (but under no compulsion) to purchase. 

Specified Asset Dispositions: the Asset Dispositions set forth on Schedule 1.1(c). 

Specified Availability: shall have the meaning provided for in the Revolving Loan Agreement. 

Specified Default: the failure of any Obligor to comply with the terms of Section 8.2.5, 8.5 or 10.1.1, the
failure of Borrower to deliver financial statements when required pursuant to Section 10.1.2, or the occurrence of any Default specified in Sections 11.1(a), 11.1(i) or 11.1(j). 

Specified Unsecured Prepetition Debt: any payment or distribution in respect of the Allowed General Unsecured Claims or Allowed Trade
Unsecured Claims (as such terms are defined in the Plan of Reorganization) that is made in accordance with Sections IV.E, IV.F and V.I of the Plan of Reorganization in an aggregate amount not to exceed the sum of (x) $24,500,000 and
(y) the amount of accrued and unpaid interest thereon. 
 Subordinated Debt: Indebtedness incurred by an Obligor that is
expressly subordinate and junior in right of payment to Full Payment of all Obligations, and is on terms (including maturity, interest, fees, repayment, covenants and subordination) reasonably satisfactory to Agent. 

Subsidiary: with respect to any Person (herein referred to as the “parent”), any corporation, partnership, limited
liability company, association or other business entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or more than 50% of the general partnership
interests are, at the time any determination is being made, owned, controlled or held; or (b) that is, at the time any determination is made, otherwise controlled, by the parent or one or more subsidiaries of the parent or by the parent and one
or more subsidiaries of the parent. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of Borrower or of an Obligor, as the context may
require. 

  
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 Subsidiary Guarantors: each Subsidiary of Borrower listed on Schedule 1.1(d)
and each other Subsidiary of Borrower that shall be required to execute and deliver or become party to a Guaranty pursuant to Section 10.1.14. 

Taxes: all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees
or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 
 TCW
Indemnitees: TCW and its officers, directors, employees, Affiliates, agents and attorneys. 
 TCW: TCW Asset Management Company
LLC and its officers, directors, employees, Affiliates, agents and attorneys. 
 Term A Loan: shall have the meaning set forth in
Clause (a) of Section 2.1.1 hereof. 
 Term A Loan Commitment Percentage: as to any Lender, (i) on the Closing
Date, the percentage set forth opposite such Lender’s name on Schedule 1.1(a) hereto under the column “Term A Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such
percentage for such Lender shall be deemed to be zero) and (ii) on any date following the Closing Date, the percentage equal to the principal amount of the Term A Loan held by such Lender on such date divided by the aggregate principal amount
of Term A Loan on such date. 
 Term Loan: shall have the meaning set forth in Clause (b) of Section 2.1.1 hereof.

 Term Loan Commitment Percentage: as to any Lender, the percentage equal to the principal amount of the Term Loan held by such
Lender on such date divided by the aggregate principal amount of Term Loan on such date. 
 Term Priority Collateral: shall have the
meaning given to such term in the Intercreditor Agreement. 
 Term Priority Collateral Account: the “Term Priority Collateral
Account” as defined in the Intercreditor Agreement. 
 Third Amendment: that
certain Third Amendment to Loan Agreement, with an effective date as of the Third Amendment Effective Date, among Borrower, the Guarantors party thereto, Agent and the Lenders party thereto. 

Third Amendment Effective Date: December 29, 2018. 

Transactions: collectively, (a) the execution, delivery and performance by Obligors of this Agreement and the other Loan Documents
to which they are a party, the borrowing of Loans and the use of the proceeds thereof and (b) the consummation of the Revolving Loan Facility Amendment, in each case on or before the Closing Date. 

  
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 Transferee: any actual or potential Eligible Assignee, Participant or other Person
acquiring an interest in any Obligations. 
 Transferring Subsidiary: as defined in Section 10.2.9. 

UCC: the Uniform Commercial Code as in effect in the State of New York or, when the laws of any other jurisdiction govern the
perfection or enforcement of any Lien, the Uniform Commercial Code of such jurisdiction. 
 Unfunded Pension Liability: the excess of
a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to the Code, ERISA
or the Pension Protection Act of 2006 for the applicable plan year. 
 Unrestricted Cash: cash or Cash Equivalents of Borrower or any
Subsidiaries that would not appear as “restricted” on a consolidated balance sheet of Borrower or any Subsidiaries and are not subject to Liens other than Liens arising by operation of law and Liens securing the Obligations and the
Revolving Loan Obligations, not to exceed $5,000,000; provided that Unrestricted Cash shall be deemed to be $0 unless, for the thirty (30) days preceding and the thirty (30) days following any date of determination, there have not
been, and there will not be, any borrowings of Revolving Loans and Borrower has had such cash or Cash Equivalents for the preceding 30-day period. 

Upstream Payment: 
 (a)
any Subsidiary of Borrower may declare and pay dividends or make other distributions to Borrower or any other Obligor and any Subsidiary of Borrower that is not an Obligor may declare and pay dividends or make other distributions to any other
Subsidiary of Borrower that is not an Obligor; 
 (b) so long as no Default or Event of Default shall have occurred and be continuing or
would result therefrom, Borrower may repurchase its Equity Interests owned by directors or employees of Borrower or any Subsidiary or make payments to directors or employees of Borrower or any Subsidiary upon termination of employment or position as
a director in connection with the exercise of stock options, stock appreciation rights or similar equity incentives or equity based incentives pursuant to management incentive plans or in connection with the death or disability of such directors or
employees in an aggregate amount not to exceed $2,000,000 in any Fiscal Year; 
 (c) so long as both immediately before and immediately after
giving effect thereto the Payment Conditions are satisfied, any other Distribution to the extent financed with proceeds from Delayed Draw Term Loans; and 

(d) commencing with the Fiscal Year ending December 29, 2018, on any date following the date on which Agent has received a prepayment
pursuant to Section 2.3.4 hereof arising from Excess Cash Flow for the immediately preceding Fiscal Year, any other Distribution so long as both immediately before and immediately after giving effect thereto (i) the Payment
Conditions are satisfied and (ii) the amount of all such Distributions in any Fiscal Year does not exceed 50% of Excess Cash Flow for the immediately preceding Fiscal Year. 

  
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 U.S. Person: any Person (a) (i) that is not disregarded as separate from
its owner for U.S. federal income tax purposes and (ii) that is a “United States Person” as defined in Section 7701(a)(30) of the Code; or (b) (i) that is disregarded as separate from its owner for U.S. federal income
tax purposes and (ii) whose regarded owner for U.S. federal income tax purposes is a “United States Person” as defined in Section 7701(a)(30) of the Code. 

U.S. Tax Compliance Certificate: as defined in Section 5.2.2(b)(iii). 

Wholly-Owned Subsidiary: as to any Person, any other Person all of the Equity Interest of which (other than directors’ qualifying
shares required by law) is owned by such Person directly and/or through other Wholly-Owned Subsidiaries. 
 Write-Down and Conversion
Powers: the write-down and conversion powers of the applicable EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which powers are described in the EU Bail-In Legislation Schedule.

 1.2 Accounting Terms. Under the Loan Documents (except as otherwise specified therein), all accounting terms shall be
interpreted, all accounting determinations shall be made, and all financial statements shall be prepared, in accordance with GAAP applied on a basis consistent with the most recent audited financial statements of Borrower delivered to Agent before
the Closing Date and using the same inventory valuation method as used in such financial statements, except for any change required or permitted by GAAP if Borrower’s certified public accountants concur in such change, the change is disclosed
to Agent, and all relevant provisions of the Loan Documents are amended in a manner satisfactory to Required Lenders to take into account the effects of the change; provided that, notwithstanding the foregoing, GAAP shall include the
application of FASB ASC 606 with retroactive effect as of December 31, 2017 for purposes of the computation of any financial covenant contained herein and for all other purposes of the Loan Documents, with effect on the Second Amendment
Effective Date. 
 1.3 Uniform Commercial Code. As used herein, the following terms are defined in accordance with the
UCC in effect in the State of New York from time to time: “Account,” “Account Debtor,” “Chattel Paper,” “Commercial Tort Claim,” “Deposit Account,” “Document,” “Equipment,”
“General Intangibles,” “Goods,” “Instrument,” “Inventory,” “Investment Property,” “Letter-of-Credit Right,” “Securities Account” and “Supporting Obligation.” 

1.4 Certain Matters of Construction. The terms “herein,” “hereof,” “hereunder” and other words of
similar import refer to this Agreement as a whole and not to any particular section, paragraph or subdivision. Any pronoun used shall be deemed to cover all genders. In the computation of periods of time from a specified date to a later specified
date, “from” means “from and including,” and “to” and “until” each mean “to but excluding.” The terms “including” and “include” shall mean “including, without
limitation” and, for purposes of each Loan Document, the parties agree that the rule of ejusdem generis shall not be applicable to limit any provision. Section titles appear as a matter of convenience only and shall not affect the

  
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interpretation of any Loan Document. All references to (a) laws include all related regulations, interpretations, supplements, amendments and successor provisions; (b) unless otherwise
specified herein as referring to a document, instrument or agreement as in effect on the Closing Date, any document, instrument or agreement includes any amendments, waivers and other modifications, extensions or renewals (to the extent permitted by
the Loan Documents); (c) any section mean, unless the context otherwise requires, a section of this Agreement; (d) any exhibits or schedules mean, unless the context otherwise requires, exhibits and schedules attached hereto, which are
hereby incorporated by reference; (e) any Person include successors and assigns; (f) unless otherwise indicated, time of day mean time of day at Agent’s notice address under Section 14.3.1; or (g) discretion of Agent
or any Lender shall mean the sole and absolute discretion of such Person. All references to Loans, Obligations and other amounts herein shall be denominated in Dollars, unless expressly provided otherwise, and all determinations (including
calculations of financial covenants) made from time to time under the Loan Documents shall be made in light of the circumstances existing at such time. All terms of an accounting or financial nature used herein shall be construed, and all
computations of amounts and ratios referred to herein shall be made (i) without giving effect to any election under Accounting Standards Codification 825-10-25 (or any other Accounting Standards Codification or Financial Accounting Standard
having a similar result or effect) to value any Indebtedness or other liabilities of Borrower or any Subsidiary at “fair value”, as defined therein, (ii) without giving effect to any treatment of Indebtedness in respect of convertible
debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as
described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof, and (iii) without giving effect to Accounting Standards Update No. 2016-02 issued by the Financial Accounting Standards
Board. Borrower shall have the burden of establishing any alleged negligence, misconduct or lack of good faith by Agent or any Lender under any Loan Documents. No provision of any Loan Documents shall be construed against any party by reason of such
party having, or being deemed to have, drafted the provision. Reference to Borrower’s “knowledge” or similar concept means actual knowledge of a Senior Officer, or knowledge that a Senior Officer would have obtained if he or she had
engaged in good faith and diligent performance of his or her duties, including reasonably specific inquiries of employees or agents and a good faith attempt to ascertain the matter. 

SECTION 2. LOANS, PAYMENTS 
 2.1
Term Loan. 
 2.1.1 Term Loan Amounts. 

(a) On the terms and subject to the conditions set forth herein, the Lenders hereby agree to make to Borrower on the Closing Date a term loan
in an original principal amount equal to $110,000,000 (the “Term A Loan”). Each Lender’s obligation to fund the Term A Loan shall be limited to such Lender’s Term Loan Commitment Percentage of the Term A Loan, and no
Lender shall have any obligation to fund any portion of the Term A Loan required to be funded by any other Lender, but not so funded, and no Lender shall be relieved of its obligation to fund the Term A Loan because another Lender has failed to
fund. Borrower shall not have any right to reborrow any portion of the Term A Loan which is repaid or prepaid from time to time. The Commitments of the Lenders to make the Term A Loan shall expire concurrently with the making of the Term A Loan on
the Closing Date. 

  
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 (b) On the terms and subject to the conditions set forth herein, at the election of, and on
Business Days during the Delayed Draw Term Loan Commitment Period identified by, Borrower (such date, a “Delayed Draw Term Loan Draw Date”), so long as, in each case, each of the Delayed Draw Funding Conditions shall have been
satisfied, the Lenders hereby agree to make to Borrower on each Delayed Draw Term Loan Draw Date a delayed draw term loan up to an aggregate original principal amount for all Delayed Draw Term Loans equal to the Delayed Draw Term Loan Amount at such
time (a “Delayed Draw Term Loan”; and, when funded, together with the Term A Loan, the “Term Loan”). Each Lender’s obligation to fund a Delayed Draw Term Loan shall be limited to such Lender’s Delayed Draw
Term Loan Commitment Percentage of such Delayed Draw Term Loan, and no Lender shall have any obligation to fund any portion of any Delayed Draw Term Loan required to be funded by any other Lender, but not so funded, and no Lender shall be relieved
of its obligation to fund any Delayed Draw Term Loan because another Lender has failed to fund. When funded, each Delayed Draw Term Loan shall become part of, and have all of the terms and conditions applicable to (including without limitation in
respect of pricing, repayments and maturity), the Term Loan for all purposes hereunder and under the other Loan Documents and shall be secured by the Collateral in all respects. Each Delayed Draw Term Loan shall be in a minimum principal amount of
$5,000,000 (unless otherwise agreed by Agent in its discretion) and in integral multiples of $1,000,000 in excess of that amount. Borrower shall not have any right to reborrow any portion of the Delayed Draw Term Loan which is repaid or prepaid from
time to time. On each Delayed Draw Term Loan Draw Date, the Commitments of the Lenders to make Delayed Draw Term Loans shall be permanently reduced on a dollar-for-dollar basis in an amount equal to the Delayed Draw Term Loan made on such Delayed
Draw Term Loan Draw Date, and the Delayed Draw Term Loan Commitments of all Lenders shall expire on the Delayed Draw Term Loan Commitment Termination Date. 

(c) Borrower shall deliver to Agent a Notice of Borrowing, not later than 10:00 a.m. (Chicago time) at least one Business Day prior to the
Closing Date or a Delayed Draw Term Loan Draw Date, as applicable. Such Notice of Borrowing shall be irrevocable and shall specify (x) the principal amount of the proposed Loan, (y) whether the proposed Loan is requested to be a Prime Rate
Loan or a LIBOR Rate Loan and, in the case of a LIBOR Rate Loan, the initial Interest Period with respect thereto, and (z) wire instructions for the account to which funds to Borrower should be deposited. Agent and the Lenders may act without
liability upon the basis of written notice believed by Agent in good faith to be from Borrower. Borrower hereby waives the right to dispute Agent’s record of the terms of any such Notice of Borrowing absent manifest error. Agent and each Lender
shall be entitled to rely conclusively on Borrower’s authority to request a Loan until Agent receives written notice to the contrary. Agent and the Lenders shall have no duty to verify the authenticity of the signature appearing on any written
Notice of Borrowing. 
 (d) The Loans under this Agreement shall be made by the Lenders, to the account specified by Agent, no later than
3:00 p.m. (Chicago time) on the borrowing date of the proposed Loan, simultaneously and proportionately to their Commitment, it being understood that no Lender shall be responsible for any default by any other Lender in that other Lender’s

  
 -40- 

 
obligations to make a Loan requested hereunder, nor shall the Commitment of any Lender be increased or decreased as a result of the default by any other Lender in that other Lender’s
obligation to make a Loan requested hereunder, and each Lender shall be obligated to make the Loans required to be made by it by the terms of this Agreement regardless of the failure by any other Lender. Promptly upon receipt of all funds requested
in the Notice of Borrowing, Agent will make the proceeds of such Loans available to Borrower by causing an amount, in immediately available funds, equal to the proceeds of the Loans received by Agent to the account provided by the Borrowing Agent in
the Notice of Borrowing for such purpose. 
 (e) Agent is hereby authorized by the Obligors and Lenders, at any time in Agent’s sole
discretion, regardless of (i) the existence of a Default or an Event of Default, (ii) whether any of the other applicable conditions precedent have not been satisfied or the Commitments have been terminated for any reason, or
(iii) any other contrary provision of this Agreement, to make the Loans to Borrower on behalf of Lenders which Agent, in its reasonable business judgment, deems necessary or desirable (a) to preserve or protect the Collateral, or any
portion thereof, (b) to enhance the likelihood of, or maximize the amount of, repayment of the Loans and other Obligations, or (c) to pay any other amount chargeable to the Obligors pursuant to the terms of this Agreement (the
“Protective Advances”). Lenders holding the Loans shall be obligated to fund such Protective Advances and effect a settlement with Agent therefor upon demand of Agent in accordance with their respective pro rata share of the
outstanding Loans. To the extent any Protective Advances are not actually funded by the other Lenders as provided for in this clause (e) of Section 2.1.1, any such Protective Advances funded by Agent shall be deemed to be the Loans
made by and owing to Agent, and Agent shall be entitled to all rights (including accrual of interest) and remedies of a Lender holding the Loans. 

2.1.2 Scheduled Term Loan Payments. The principal amount of the Term Loan shall be paid in installments (all such installment payments,
collectively, the “Scheduled Term Loan Installment Payments”) on the dates shown below in an amount equal to the product of (i) the percentage set forth in Column B below shown opposite each date as set forth in
Column A below times (ii) the sum of (x) the original principal amount of the Term A Loan plus (y) commencing the last Business Day of the first full calendar quarter after the first Delayed Draw Term Loan Draw Date, the
original principal amount of the Delayed Draw Term Loans as of such date, as adjusted in accordance with Section 2.3.5 hereof: 
  

					
	 Column A
	  	Column B	 
	 Date of Payment
	  	Percentage of Original Principal
Amount of Term Loan to be Paid	 
	 June 30, 2017
	  	 	0.625	% 
	 September 30, 2017
	  	 	0.625	% 
	 December 31, 2017
	  	 	0.625	% 
	 March 31, 2018
	  	 	0.625	% 
	 June 30, 2018
	  	 	0.625	% 
	 September 30, 2018
	  	 	0.625	% 
	 December 31, 2018
	  	 	0.625	% 
	 March 31, 2019
	  	 	0.625	% 
	 June 30, 2019  
	  	 	1.250	% 

  
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	 Column A
	  	Column B	 
	 Date of Payment
	  	Percentage of Original Principal
Amount of Term Loan to be Paid	 
	 September 30, 2019
	  	 	1.250	% 
	 December 31, 2019
	  	 	1.250	% 
	 March 31, 2020
	  	 	1.250	% 
	 June 30, 2020
	  	 	1.250	% 
	 September 30, 2020
	  	 	1.250	% 
	 December 31, 2020
	  	 	1.250	% 
	 March 31, 2021
	  	 	1.250	% 
	 June 30, 2021
	  	 	1.250	% 
	 September 30, 2021
	  	 	1.250	% 
	 December 31, 2021
	  	 	1.250	% 
	 March 31, 2022
	  	 	1.250	% 
	Maturity Date	  	 
 
	The remaining principal balance
 of the Term Loan
	 
  

 Notwithstanding the foregoing, the outstanding principal amount of the Term Loan, together with all accrued and unpaid
interest thereon and all other Obligations accrued and unpaid, shall be due and payable on the Maturity Date. Notwithstanding the foregoing, the Loans shall be subject to earlier repayment upon (x) acceleration upon the occurrence of an Event
of Default under this Agreement or (y) termination of this Agreement. 
 2.1.3 Optional Prepayments. Borrower may from time to
time, subject to the Fee Letter, by 11:00 a.m. (Chicago time) with at least one (1) Business Day’s written notice to Agent specifying the date and amount of such prepayment, prepay the Term Loan in whole or in part; provided, that any such
partial prepayment shall be in an amount equal to $500,000 or a higher integral multiple of $100,000; provided, further that any notice of optional prepayment pursuant to this clause (c) that is based on the consummation of a Change of Control
or a payment in full of the Obligations in connection with another transaction may be conditioned on the closing of such other transaction. All such prepayments shall be applied in accordance with Section 2.3.5 hereof. 

2.1.4 Optional Delayed Draw Term Loan Commitment Reductions. Borrower may from time to time by 11:00 a.m. (Chicago time) with at least
one (1) Business Day’s written notice to Agent specifying the date and amount of such reduction, reduce the Delayed Draw Term Loan Amount in whole or in part upon ten (10) days prior written notice to the Agent; provided, that any
such partial reduction shall be in an amount equal to $5,000,000 or a higher integral multiple of $1,000,000. Upon each reduction of the Delayed Draw Term Loan Amount in accordance with this Section 2.1.4, the Delayed Draw Term Loan Commitment
for each Lender shall automatically and concurrently be reduced by the same amount of such Delayed Draw Term Loan Amount reduction on a pro rata basis in accordance with each such Lender’s Delayed Draw Term Loan Commitment Percentage. 

  
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 2.2 General Provisions Regarding Payment; Register. 

2.2.1 All payments to be made by Borrower under any Loan Document, including payments of principal and interest and all fees, expenses,
indemnities and reimbursements, shall be made without set off or counterclaim, in lawful money of the United States of America and in immediately available funds. If any payment hereunder becomes due and payable on a day other than a Business Day,
such payment shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension. Borrower shall make all payments in immediately
available funds to the Payment Account before 1:00 p.m. (Chicago time) on the date when due; provided that all payments received by Agent after 1:00 p.m. (Chicago time) on any Business Day may (in Agent’s discretion) be credited as if received
on the next succeeding Business Day. Any optional or mandatory prepayment of the Term Loan shall be accompanied by timely delivery to Agent of an appropriately completed Payment Notification, as provided in Section 2.3.5 hereof. In the
absence of receipt by Agent of an appropriately completed Payment Notification on or prior to such prepayment, Borrower and each Lender hereby fully authorizes and directs Agent, notwithstanding any contrary application provisions contained herein,
to apply payments and/or prepayments received from Borrower against the outstanding Term Loan in accordance with the provisions of Section 2.3.5 hereof; provided, that if Agent at any time determines that payments received by
Agent were in respect of a mandatory prepayment event, Agent shall apply such payments in accordance with the provisions of Section 2.3.5 hereof, and shall be fully authorized by Borrower and each Lender to make any corresponding
Register reversals in respect thereof. Notwithstanding anything to the contrary contained herein, any Payment Notification may state that such Payment Notification is conditioned upon the effectiveness of a payment in full of the Obligations or the
consummation of a Change in Control in connection with another transaction and may be conditioned on the closing of such other transaction. 

2.2.2 Agent, acting as a non-fiduciary agent of the Obligors, shall maintain at its address a copy of each Assignment and Acceptance delivered
to it and a register (the “Register”) for the recordation of the names and addresses of each Lender and the outstanding principal, accrued and unpaid interest and other fees due hereunder. The entries in the Register shall be
conclusive, in the absence of manifest error, and each Obligor, Agent and Lenders may treat each Person whose name is recorded in the Register as the owner of the Loans recorded therein for the purposes of this Agreement. The Register shall be
available for inspection by Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice. 
 2.3
Mandatory Prepayments; Voluntary Commitment Reductions and Prepayments. 
 2.3.1 Subject to Sections 10.2.6 and
10.2.9 hereof, the provisions of the Intercreditor Agreement and the Fee Letter, upon the receipt by any Obligor of Net Proceeds of any Asset Disposition consisting of Term Priority Collateral (excluding Net Proceeds from Asset Dispositions
which qualify as Permitted Asset Dispositions under clauses (a), (b), (c), (d), (e), (f), (g), (j), (k), (l), (m), (n), (o) or (s) of the definition of Permitted Asset Dispositions), Borrower shall prepay the Loans in an amount equal to
the Net Proceeds of such Asset 

  
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Disposition promptly, but in no event more than three (3) Business Days following the receipt thereof, and until the date of payment, such proceeds shall be held in trust for Agent.
Notwithstanding the foregoing, (A) so long as no Default or Event of Default has occurred and is continuing, on the date any Obligor or any of its Subsidiaries receives Net Proceeds of any such Asset Disposition, such Net Proceeds may, at the
option of Borrower, be applied to invest in property or assets used or useful in the business of any Obligor, provided that (x) Agent has a Lien on such property or assets, (y) Borrower delivers to Agent within ten
(10) days after the date of receipt of such Net Proceeds a certificate stating that such Net Proceeds shall be used to acquire property or assets used or useful in the business of any Obligor within one hundred eighty (180) days after the
date of receipt of such Net Proceeds (which certificate shall set forth an estimate of the Net Proceeds to be so expended), and (B) pending any such reinvestment or payment of expenses described in clause (A) above, such Net Proceeds shall
be deposited in an account pledged solely to Agent. Such prepayments shall be applied to the Loans in accordance with Section 2.3.5 hereof. The foregoing shall not be deemed to be implied consent to any Asset Disposition otherwise
prohibited by the terms and conditions hereof. 
 2.3.2 Subject to the provisions of the Intercreditor Agreement and the Fee Letter, upon the
receipt by any Obligor of any Extraordinary Receipts which constitute Term Priority Collateral in an aggregate amount equal to or in excess of $500,000 in any Fiscal Year, Borrower shall prepay the Loans in an amount equal to the amount of such
Extraordinary Receipts promptly, but in no event more than one (1) Business Day following the receipt thereof, and until the date of payment, such proceeds shall be held in trust for Agent. Such prepayments shall be applied to the Loans in the
manner described in Section 2.3.5 hereof. Notwithstanding the foregoing, (A) so long as no Default or Event of Default has occurred and is continuing, on the date any Obligor or any of its Subsidiaries receives Extraordinary
Receipts which constitute Term Priority Collateral consisting of insurance proceeds from one or more policies covering, or proceeds from any judgment, settlement, condemnation or other cause of action in respect of, the loss, damage, taking or theft
of any property or assets, such Extraordinary Receipts may, at the option of Borrower, be applied to repair, refurbish or replace such property or assets or acquire replacement property or assets for the property or assets so lost, damaged or stolen
or other property or assets used or useful in the business of any Obligor for the property or assets so disposed, provided that (x) Agent has a Lien on such replacement (or repaired or restored) property or assets,
(y) Borrower delivers to Agent within ten (10) days after the date of receipt of such Extraordinary Receipts a certificate stating that such Extraordinary Receipts shall be used to repair or refurbish such property or assets or to acquire
such replacement property or assets for the property or assets so lost, damaged or stolen or such other property or assets used or useful in the business of any Obligor within one hundred eighty (180) days after the date of receipt of such
Extraordinary Receipts (which certificate shall set forth an estimate of the Extraordinary Receipts to be so expended), and (B) pending any such reinvestment or payment of expenses described in clause (A) above, such Extraordinary Receipts
shall be deposited in an account pledged solely to Agent. 
 2.3.3 Subject to Section 10.2.1 hereof, the provisions of the
Intercreditor Agreement and the Fee Letter, upon the receipt by any Obligor of the Net Proceeds from the issuance or sale of any Indebtedness or any Equity Interests (other than (i) Permitted Indebtedness, (ii) Net Proceeds from the
issuance of Equity Interests (other than Disqualified Stock) to directors or employees of any Obligor, (iii) Net Proceeds of the issuance of Equity 

  
 -44- 

 
Interests to any Obligor, <and >(iv) Net Proceeds from the issuance of Equity Interests in order to finance Capital Expenditures and Permitted Acquisitions which are
actually consummated within 180 days of the receipt of such Net Proceeds, and (v) Junior Capital Proceeds received after the Third Amendment Effective Date that has either (x) been
deposited into escrow with a third party escrow agent subject to an escrow agreement in form and substance reasonably satisfactory to Agent and/or been set aside in a separate and
segregated Deposit Account that is subject to a Deposit Account Control Agreement in favor of Agent and over which Agent has, subject to the Intercreditor Agreement, exclusive control, in either case, which proceeds shall only be released to repay
the Specified Unsecured Prepetition Debt on the final maturity date thereof, or (y) been applied as a prepayment of the Specified Unsecured Prepetition Debt prior to the final maturity date thereof so long as, and only to the extent that, both
immediately before and immediately after giving effect thereto the Payment Conditions are satisfied), Borrower shall prepay the Loans in an amount equal to 100% of such Net Proceeds promptly, but in no event more than one (1) Business Day
following the receipt thereof, and until the date of payment, such proceeds shall be held in trust for Agent. Such prepayments shall be applied to the Loans in accordance with Section 2.3.5 hereof. The foregoing shall not be deemed to be
implied consent to any issuance or sale of any Indebtedness or any Equity Interests otherwise prohibited by the terms and conditions hereof. 

2.3.4 Subject to the provisions of the Intercreditor Agreement and the Fee Letter, on or before the fifth (5th) Business Day following the
date on which audited financial statements are required to be delivered pursuant to clause (a) of Section 10.1.2 hereof (the “Excess Cash Flow Due Date”), beginning with respect to the Fiscal Year ending
December 30, 2017 and for each Fiscal year thereafter, Borrower shall prepay the Loans in an amount equal to an amount equal to 50% of Excess Cash Flow for such Fiscal Year minus voluntary prepayments of the Term Loans to the extent made during
the applicable Fiscal Year of measurement (such amount not to be less than zero); provided, that in the case of the Fiscal Year ended December 30, 2017, Borrower shall only be obligated to prepay the Loans in an amount equal to 50% of
the Excess Cash Flow as calculated for the full 2017 Fiscal Year and prorated for the period commencing with the Closing Date and ending on December 30, 2017; provided further that, in the event Borrower is unable to make any mandatory
prepayment described in this Section 2.3.4 on any Excess Cash Flow Due Date due the failure to satisfy the conditions in Section 10.2.8(b) of the Revolving Loan Agreement (as in effect on the date hereof) on such date, then Borrower shall
not be obligated to make such prepayment until, and shall make such prepayment on, the first date thereafter on which, before and after giving pro forma effect to such prepayment, Specified Availability (as defined in the Revolving Loan Agreement on
the date hereof) is greater than or equal to 15% of the Revolving Loan Commitments at such time. Such prepayments shall be applied to the Loans in accordance with Section 2.3.5 hereof. 

2.3.5 Any prepayment of a LIBOR Rate Loan on a day other than the last day of an Interest Period therefor shall include interest on the
principal amount being repaid and shall be subject to Section 3.2.4 hereof. All prepayments of the Loans shall be applied first to that portion of the Loans comprised of Prime Rate Loans and then to that portion of the Loans comprised of
LIBOR Rate Loans, in direct order of Interest Period maturities. Subject to the provisions of the Intercreditor Agreement and the Fee Letter, all prepayments under Section 2.1.3 hereof and this Section 2.3 shall be applied to
the remaining installments of principal of the Term Loan in the inverse order of maturity (for the avoidance of doubt, any amount that is due and payable on the Maturity Date shall constitute an installment). 

  
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 2.3.6 Borrowing Agent shall deliver to Agent an appropriately completed Payment Notification
by 10:00 a.m. (Chicago time) at least one Business Day prior to the date of payment of each mandatory prepayment pursuant to this Section 2.3 and each optional prepayment pursuant to Section 2.1(c) and Agent shall promptly
notify each Lender of such notice. 
 2.4 Allocation of Payments After Event of Default. Notwithstanding any other provisions
of this Agreement to the contrary, after the occurrence and during the continuance of an Event of Default, all amounts collected or received by Agent on account of the Obligations, or in respect of the Collateral may, at Agent’s discretion, and
shall, at the direction of the Required Lenders, be paid over or delivered as follows: 
 FIRST, to the payment of all reasonable and
documented out-of-pocket costs and expenses (including reasonable attorneys’ fees) of Agent in connection with enforcing its rights and the rights of Lenders under this Agreement and the Loan Documents, and any Protective Advances funded by
Agent with respect to the Collateral under or pursuant to the terms of this Agreement; 
 SECOND, to payment of any fees owed to Agent; 

THIRD, to the payment of all reasonable and documented out-of-pocket costs and expenses (including reasonable attorneys’ fees) of each of
the Lenders to the extent owing to such Lender pursuant to the terms of this Agreement; 
 FOURTH, to the payment of all Obligations arising
under this Agreement and the Loan Documents consisting of accrued fees and interest; 
 FIFTH, to the payment of the outstanding principal
amount of the Obligations; 
 SIXTH, to all other Obligations arising under this Agreement, under the Loan Documents or otherwise which
shall have become due and payable and not repaid pursuant to clauses “FIRST” through “FIFTH” above; and 
 SEVENTH, to
the payment of the surplus, if any, to whoever may be lawfully entitled to receive such surplus. 
 In carrying out the foregoing,
(i) amounts received shall be applied in the numerical order provided until exhausted prior to application to the next succeeding category; and (ii) each of the Lenders shall receive an amount equal to its pro rata share (based on the
proportion that then outstanding Loans held by such Lender bears to the aggregate then outstanding Loans) of amounts available to be applied pursuant to clauses “FOURTH”, “FIFTH”, “SIXTH” and “SEVENTH” above.

  
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 2.5 Use of Proceeds. 

2.5.1 Borrower shall apply the proceeds of (i) the Term A Loan to (x) repay in full the Indebtedness owing to Existing Agent and
Existing Lenders under the Existing Loan Documents, (y) pay fees and expenses relating to the Transactions, and (z) provide for its working capital needs and other general corporate purposes, and (ii) the Delayed Draw Term Loans to
finance (x) Permitted Acquisitions, (y) Upstream Payments, and (z) prepayments of Indebtedness, in each case, solely to the extent permitted pursuant to the terms and conditions hereof. 

2.5.2 Without limiting the generality of Section 2.4.1 above, neither the Obligors nor any other Person which may in the future
become party to this Agreement or the Loan Documents as an Obligor, intends to use nor shall they use any portion of the proceeds of the Term Loan, directly or indirectly, for any purpose in violation in any material respect of Applicable Law. 

SECTION 3. INTEREST AND FEES. 
 3.1
Interest. 
 3.1.1 From and following the Closing Date, depending upon Borrower’s election from time to time, subject to
the terms hereof, to have portions of the Loans accrue interest determined by reference to the Prime Rate or the LIBOR Rate, the Loans and the other Obligations shall bear interest at the applicable rates set forth below: 

(a) If a Prime Rate Loan, or any other Obligation other than a LIBOR Rate Loan, then at the sum of the Prime Rate plus the Applicable Margin
for Prime Rate Loans. 
 (b) If a LIBOR Rate Loan, then at the sum of the LIBOR Rate plus the Applicable Margin for LIBOR Rate Loans. 

3.1.2 All interest and fees under this Agreement and each Loan Document shall be calculated on the basis of a 360-day year for the actual
number of days elapsed. The date of funding of a Prime Rate Loan and the first day of an Interest Period with respect to a LIBOR Rate Loan shall be included in the calculation of interest. The date of payment of a Prime Rate Loan and the last day of
an Interest Period with respect to a LIBOR Rate Loan shall be excluded from the calculation of interest. If a Loan is repaid on the same day that it is made, one (1) days’ interest shall be charged. Interest on all Prime Rate Loans is
payable (in cash or PIK Interest, as applicable) in arrears on the last Business Day of each calendar quarter and on the maturity of such Loans, whether by acceleration or otherwise.
Interest on LIBOR Rate Loans shall be payable (in cash or PIK Interest, as applicable) on the last day of the applicable Interest Period, unless the Interest Period is greater than three
(3) months, in which case interest will be payable on the last day of each three (3) month interval. In addition, interest on LIBOR Rate Loans is due on the maturity of such Loans, whether by acceleration or
otherwise. For the avoidance of doubt, any PIK Interest shall be compounded on each interest payment date and added to the outstanding principal amount of the Term Loan and, once paid, shall be
treated as principal amount of the Term Loan for all purposes of this Agreement. Following any such increase in the principal amount of the Term Loan, interest will accrue on such increased
amount.  

  
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 3.1.3 At the election of Agent or Required Lenders, after the occurrence of an Event of
Default and for so long as it continues, the Loans and other Obligations shall bear interest at the Default Rate. Furthermore, at the election of Agent or Required Lenders during any period in which any Event of Default is continuing (x) as the
Interest Periods for LIBOR Rate Loans then in effect expire, such Loans shall be converted into Prime Rate Loans and (y) the LIBOR election will not be available to Borrower 

3.2 LIBOR Provisions. 

3.2.1 Subject to the provisions of Section 3.1.3 hereof, Borrower may request that the Term Loan be made as LIBOR Rate Loans, that
outstanding portions of the Term Loan be converted to LIBOR Rate Loans and that all or any portion of a LIBOR Rate Loan be continued as a LIBOR Rate Loan upon expiration of the applicable Interest Period. Any such request will be made by submitting
a Notice of Borrowing to Agent. Upon the expiration of an Interest Period, in the absence of a new Notice of Borrowing submitted to Agent not less than by 11:00 a.m. (Chicago time) three (3) Business Days prior to the end of such Interest
Period, the LIBOR Rate Loan then maturing shall be automatically converted to a LIBOR Rate Loan with a one month Interest Period. There may be no more than six (6) LIBOR Rate Loans outstanding at any one time. The Loans which are not requested
as LIBOR Rate Loans in accordance with this Section 3.2.1 shall be Prime Rate Loans. Agent will promptly notify Lenders, by written notice, of each Notice of Borrowing received by Agent prior to the first day of the Interest Period of
the LIBOR Rate Loan requested thereby. 
 3.2.2 In the event, prior to commencement of any Interest Period relating to a LIBOR Rate Loan,
Agent shall determine in good faith or be notified in good faith and in writing by Required Lenders that adequate and reasonable methods do not exist for ascertaining LIBOR, Agent shall promptly provide notice of such determination to Borrower and
Lenders (which shall be conclusive and binding on Borrower and Lenders). In such event (a) any request for a LIBOR Rate Loan or for a conversion to or continuation of a LIBOR Rate Loan shall be automatically withdrawn and shall be deemed a
request for a Prime Rate Loan, (b) each LIBOR Rate Loan will automatically, on the last day of the then current Interest Period relating thereto, become a Prime Rate Loan, and (c) the obligations of Lenders to make LIBOR Rate Loans shall
be suspended until Agent or Required Lenders determine that the circumstances giving rise to such suspension no longer exist, in which event Agent shall so notify Borrower and Lenders. 

3.2.3 Notwithstanding any other provisions hereof, if any law, rule, regulation, treaty or directive or interpretation or application thereof
shall make it unlawful for any Lender to make, fund or maintain LIBOR Rate Loans, such Lender shall promptly give notice of such circumstances to Agent, Borrower and the other Lenders. In such an event, (a) the commitment of such Lender to make
LIBOR Rate Loans or convert Prime Rate Loans to LIBOR Rate Loans shall be immediately suspended and (b) such Lender’s outstanding LIBOR Rate Loans shall be converted automatically to Prime Rate Loans on the last day of the Interest Period
thereof or at such earlier time as may be required by law. 

  
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 3.2.4 Upon (i) any failure of Borrower in making any borrowing of, conversion into or
continuation of any LIBOR Rate Loan following Borrower’s delivery to Agent of any applicable Notice of Borrowing (in each case other than any such failure that arises as a result of a Lender failing to fund such LIBOR Rate Loan or as a result
of a notice delivered pursuant to Section 3.7 hereof) or (ii) any payment of a LIBOR Rate Loan on any day that is not the last day of the Interest Period applicable thereto (regardless of the source of such prepayment and whether
voluntary, by acceleration or otherwise), Borrower shall pay Agent, for the benefit of all Lenders that funded or were prepared and required to fund any such LIBOR Rate Loan, an amount equal to the amount of any losses, expenses and liabilities
(including, without limitation, any loss (including interest paid) in connection with the re-employment of such funds but excluding any loss of interest rate margin that would have been earned on the repaid amounts) that any Lender may sustain as a
result of such default or such payment. For purposes of calculating amounts payable to a Lender under this paragraph, each Lender shall be deemed to have actually funded its relevant LIBOR Rate Loan through the purchase of a deposit bearing interest
at LIBOR in an amount equal to the amount of that LIBOR Rate Loan and having a maturity and repricing characteristics comparable to the relevant Interest Period; provided, however, that each Lender may fund each of its LIBOR Rate Loans
in any manner it sees fit, and the foregoing assumption shall be utilized only for the calculation of amounts payable under this subsection. 

3.3 Non-Use Fee. Borrower shall pay to Agent, for the account of each Lender (other than a Defaulting Lender) with a Delayed Draw
Term Loan Commitment, a non-use fee, for the period from the Closing Date to the Delayed Draw Term Loan Commitment Termination Date, in an amount equal to a rate per annum of 1.00% of such Lender’s Delayed Draw Term Loan Commitment Percentage
of the remaining Delayed Draw Term Loan Commitment of all Lenders as of such date. Such non-use fee shall be payable in arrears on the last Business Day of each calendar quarter and on the Maturity Date for any period then ending for which such
non-use fee shall not have previously been paid. The non-use fee shall be computed for the actual number of days elapsed on the basis of a year of three hundred sixty (360) days. 

3.4 Fee Letter. Borrower shall pay the amounts required to be paid in the Fee Letter in the manner and at the times required by
the Fee Letter. 
 3.5 Maximum Charges. In no event whatsoever shall interest and other charges charged hereunder exceed the
highest rate permissible under Applicable Law. In the event interest and other charges as computed hereunder would otherwise exceed the highest rate permitted under Applicable Law: (i) the interest rates hereunder will be reduced to the maximum
rate permitted under Applicable Law; (ii) such excess amount shall be first applied to any unpaid principal balance owed by Borrower; and (iii) if then remaining excess amount is greater than the previously unpaid principal balance,
Lenders shall promptly refund such excess amount to Borrower and the provisions hereof shall be deemed amended to provide for such permissible rate. 

3.6 Increased Costs. In the event that any Change in Law or compliance by any Lender (for purposes of this
Section 3.6, the term “Lender” shall include Agent, any Lender and any corporation or bank controlling Agent or any Lender and the office or branch where Agent or any Lender makes or maintains any LIBOR Rate Loans) with any
request or directive (whether or not having the force of law) from any central bank or other financial, monetary or other authority, shall: 

  
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 (a) Subject Agent or any Lender to any tax of any kind whatsoever with respect to this
Agreement or any LIBOR Rate Loan, or change the basis of taxation of payments to Agent or such Lender in respect thereof (except for Indemnified Taxes or Other Taxes and the imposition of, or any change in the rate of, any Excluded Taxes payable by
Agent or such Lender); 
 (b) Impose, modify or deem applicable any reserve, special deposit, assessment, compulsory loan, insurance charge
or similar requirement against assets held by, or deposits in or for the account of, advances or loans by, or other credit extended by, any office of Agent or any Lender, including pursuant to Regulation D of the Board of Governors of the Federal
Reserve System; or 
 (c) Impose on Agent or any Lender or the London interbank LIBOR market any other condition, loss or expense (other than
Taxes) affecting this Agreement or any Loan Document or any Loans made by any Lender; 
 and the result of any of the foregoing is to increase the cost to
Agent or any Lender of making, converting to, continuing, renewing or maintaining its Loans hereunder by an amount that Agent or such Lender deems to be material or to reduce the amount of any payment (whether of principal, interest or otherwise) in
respect of any of the Loans by an amount that Agent or such Lender deems to be material, then, in any case Borrower shall promptly pay Agent or such Lender, upon its demand, such additional amount as will compensate Agent or such Lender for such
additional cost or such reduction, as the case may be, provided that the foregoing shall not apply to increased costs which are reflected in the LIBOR Rate, as the case may be. Agent or such Lender shall certify the amount of such additional cost or
reduced amount to Borrower, and such certification shall be conclusive absent manifest error. Failure or delay on the part of Agent or any Lender to demand compensation pursuant to this Section shall not constitute a waiver of the right of Agent or
any Lender to demand such compensation; provided that Borrower shall not be required to compensate Agent or any Lender pursuant to this Section for any reductions in return incurred more than one hundred twenty (120) days prior to the
date that Agent or such Lender notifies Borrower of such law, rule, regulation or guideline giving rise to such reductions and of the intention of Agent or such Lender to claim compensation therefor; provided further that if such claim arises
by reason of the adoption of or change in any law, rule, regulation or guideline that is retroactive, then the one hundred twenty (120)-day period referred to above shall be extended to include the period of retroactive effect thereof. 

3.7 Basis for Determining Interest Rate Inadequate or Unfair. In the event that: 

(a) Agent shall have determined that reasonable means do not exist for ascertaining the LIBOR Rate applicable pursuant to
Section 3.2 hereof for any Interest Period; or 

  
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 (b) Agent shall have determined that Dollar deposits in the relevant amount and for the
relevant maturity are not available in the London interbank LIBOR market, with respect to an outstanding LIBOR Rate Loan, a proposed LIBOR Rate Loan, or a proposed conversion of a Prime Rate Loan into a LIBOR Rate Loan; or 

(c) Agent shall have determined that (or any Lender shall have notified Agent that) the making, maintenance or funding of any LIBOR Rate Loan
has been made impracticable or unlawful by compliance by Agent or such Lender in good faith with any Applicable Law or any interpretation or application thereof by any Governmental Authority or with any request or directive of any such Governmental
Authority (whether or not having the force of law); or 
 (d) The Required Lenders shall have notified Agent that the LIBOR Rate will not
adequately and fairly reflect the cost to the Lenders of the establishment or maintenance of any LIBOR Rate Loan, 
 then Agent shall give Borrower prompt
written notice of such notice or determination. If such notice is given, (i) any such requested LIBOR Rate Loan shall be made as a Prime Rate Loan, unless Borrower shall notify Agent in writing (including by electronic transmission) no later
than 10:00 a.m. (Chicago time) two (2) Business Days prior to the date of such proposed borrowing, that its request for such borrowing shall be cancelled or made as an unaffected type of LIBOR Rate Loan, (ii) any Prime Rate Loan or LIBOR
Rate Loan which was to have been converted to an affected type of LIBOR Rate Loan shall be continued as or converted into a Prime Rate Loan, or, if Borrower shall notify Agent, no later than 10:00 a.m. (Chicago time) two (2) Business Days prior
to the proposed conversion, shall be maintained as an unaffected type of LIBOR Rate Loan, and (iii) any outstanding affected LIBOR Rate Loans shall be converted into a Prime Rate Loan, or, if Borrower shall notify Agent, no later than 10:00
a.m. (Chicago time) two (2) Business Days prior to the last Business Day of then current Interest Period applicable to such affected LIBOR Rate Loan, shall be converted into an unaffected type of LIBOR Rate Loan, on the last Business Day of
then current Interest Period for such affected LIBOR Rate Loans (or sooner, if any Lender cannot continue to lawfully maintain such affected LIBOR Rate Loan). Until such notice has been withdrawn, Lenders shall have no obligation to make an affected
type of LIBOR Rate Loan or maintain outstanding affected LIBOR Rate Loans and Borrower shall not have the right to convert a Prime Rate Loan or an unaffected type of LIBOR Rate Loan into an affected type of LIBOR Rate Loan. 

3.8 Capital Adequacy. 

3.8.1 In the event that Agent or any Lender shall have determined that any Change in Law, any change in any guideline regarding capital
adequacy or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by Agent or any Lender (for purposes of
this Section 3.8, the term “Lender” shall include Agent or any Lender and any corporation or bank controlling Agent or any Lender and the office or branch where Agent or any Lender (as so defined) makes or maintains any LIBOR
Rate Loans) with any request or directive regarding capital adequacy (whether or not having the force of law) of any such authority, central bank or comparable agency, has or would have the effect of reducing the rate of return on Agent’s or
any Lender’s capital as a consequence of its obligations hereunder to a level below that which Agent or such Lender could have achieved but for such adoption, change or compliance (taking into consideration Agent’s and such Lender’s
policies 

  
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with respect to capital adequacy) by an amount deemed by Agent or any Lender to be material, then, from time to time, Borrower shall pay upon demand to Agent or such Lender such additional amount
or amounts as will compensate Agent or such Lender for such reduction. In determining such amount or amounts, Agent or such Lender may use any reasonable averaging or attribution methods. The protection of this Section 3.8 shall be available to
Agent and each Lender regardless of any possible contention of invalidity or inapplicability with respect to the Applicable Law, rule, regulation, guideline or condition. 

3.8.2 A certificate of Agent or such Lender setting forth such amount or amounts as shall be necessary to compensate Agent or such Lender with
respect to Section 3.8.1 hereof when delivered to Borrower shall be conclusive absent manifest error. Failure or delay on the part of Agent or any Lender to demand compensation pursuant to this Section shall not constitute a waiver of
the right of Agent or any Lender to demand such compensation; provided that Borrower shall not be required to compensate Agent or any Lender pursuant to this Section for any reductions in return incurred more than three hundred sixty
(360) days prior to the date that Agent or such Lender notifies Borrower of such law, rule, regulation or guideline giving rise to such reductions and of the intention of Agent or such Lender to claim compensation therefor; provided
further that if such claim arises by reason of the adoption of or change in any law, rule, regulation or guideline that is retroactive, then the 360-day period referred to above shall be extended to include the period of retroactive effect
thereof. 
 3.9 Replacement of Lenders. If any Lender (an “Affected Lender”) (a) makes demand upon
Borrower for (or if Borrower is otherwise required to pay) amounts pursuant to Section 3.6, Section 3.8 or Section 5 hereof, (b) is unable to make or maintain LIBOR Rate Loans as a result of a condition
described in Section 3.2.2 hereof, (c) is a Defaulting Lender, (d) denies any consent requested by Agent pursuant to Section 14.1 hereof, or (e) gives a notice described in Section 3.7(c) hereof,
Borrower may, by notice in writing to Agent and such Affected Lender (i) request the Affected Lender to cooperate with Borrower in obtaining a replacement Lender satisfactory to Agent and Borrower (the “Replacement Lender”);
(ii) request the non-Affected Lenders to acquire and assume all of the Affected Lender’s Loans and its Delayed Draw Term Loan Commitment as provided herein, but none of such Lenders shall be under any obligation to do so; or
(iii) propose a Replacement Lender subject to approval by Agent in its good faith business judgment. If any satisfactory Replacement Lender shall be obtained, and/or if any one or more of the non-Affected Lenders shall agree to acquire and
assume all of the Affected Lender’s Loans and its Delayed Draw Term Loan Commitment, then such Affected Lender shall assign, in accordance with Section 13.3 hereof, all of its Loans and its Delayed Draw Term Loan Commitment and
other rights and obligations under this Agreement and the Loan Documents to such Replacement Lender or non-Affected Lenders, as the case may be, in exchange for payment of the principal amount so assigned and all interest and fees accrued on the
amount so assigned, plus all other Obligations then due and payable to the Affected Lender. 
 3.10 Designation of a Different
Lending Office. If any Lender requests compensation under Sections 3.6 or 3.8 hereof, or requires Borrower to pay any Indemnified Taxes, Other Taxes or additional amounts to any Lender or any Governmental Authority for the
account of any Lender pursuant to Section 5 hereof, then such Lender shall (at the request of Borrower) use reasonable efforts to designate a different lending office for funding or booking its 

  
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Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment
(a) would eliminate or reduce amounts payable pursuant to Sections 3.6, Section 3.8, or Section 5 hereof, as the case may be, in the future, and (b) would not subject such Lender to any unreimbursed cost or
expense and would not otherwise be disadvantageous to such Lender. Borrower hereby agrees to pay all reasonable and documented costs and expenses incurred by any Lender in connection with any such designation or assignment. 

3.11 Reimbursement Obligations. Borrower shall pay all Extraordinary Expenses promptly upon request. Borrower shall also
reimburse Agent for all costs of field exams and quality of earnings reports that Agent is entitled to conduct or perform pursuant to Section 10.1.1 (including internally allocated costs thereof) and shall reimburse Agent for all
reasonable and documented, out-of-pocket costs and expenses (including all legal, accounting, third party service provider, consulting and other fees and expenses) incurred by it in connection with (a) negotiation and preparation of the
Proposal Letter and any Loan Documents, including any amendment or other modification thereof; (b) administration of and actions relating to any Collateral, Loan Documents and transactions contemplated thereby, including any actions taken to
perfect or maintain priority of Agent’s Liens on any Collateral, to maintain any insurance required hereunder or to verify Collateral; <and >(c) the engagement of
the services of an independent financial advisor in accordance with clause (c) of Section 10.1.1; and (d) subject to the limits of Section 10.1.1, any examination, quality of earnings report, each inspection, audit or
appraisal with respect to any Obligor or Collateral, whether prepared by Agent’s personnel or a third party; provided that Borrower’s obligation to reimburse legal fees pursuant to this sentence shall be limited to fees, charges and
disbursements of one counsel for Agent and Lenders (which shall be selected by Agent) and to the extent necessary, one special or local counsel in each appropriate jurisdiction (absent a conflict of interest, in which case the Lenders may engage and
be reimbursed for additional counsel). All legal, accounting and consulting fees shall be charged to Borrower by Agent’s professionals at their full hourly rates, regardless of any alternative fee arrangements that Agent, any Lender or any of
their Affiliates may have with such professionals that otherwise might apply to this or any other transaction. Borrower acknowledges that counsel may provide Agent with a benefit (such as a discount, credit or accommodation for other matters) based
on counsel’s overall relationship with Agent, including fees paid hereunder. All amounts payable by Borrower under this Section 3.11 shall be due on demand. 

SECTION 4. [INTENTIONALLY OMITTED]. 

SECTION 5. TAXES. 
 5.1 Payments Free
of Taxes; Obligation to Withhold; Tax Payment. 
 (a) All payments of Obligations by Obligors shall be made without deduction or
withholding for any Taxes, except as required by Applicable Law. If Applicable Law (as determined by Agent in its discretion) requires the deduction or withholding of any Tax from any such payment by Agent or an Obligor, then Agent or such Obligor
shall be entitled to make such deduction or withholding based on information and documentation provided pursuant to Section 5.2. 

  
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 (b) If Agent or any Obligor is required by the Code to withhold or deduct Taxes, including
backup withholding and withholding taxes, from any payment, then (i) Agent shall pay the full amount that it determines is to be withheld or deducted to the relevant Governmental Authority pursuant to the Code, and (ii) to the extent the
withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Obligor shall be increased as necessary so that the Recipient receives an amount equal to the sum it would have received had no such withholding or
deduction been made. 
 (c) If Agent or any Obligor is required by any Applicable Law other than the Code to withhold or deduct Taxes from
any payment, then (i) Agent or such Obligor, to the extent required by Applicable Law, shall timely pay the full amount to be withheld or deducted to the relevant Governmental Authority, and (ii) to the extent the withholding or deduction
is made on account of Indemnified Taxes, the sum payable by the applicable Obligor shall be increased as necessary so that the Recipient receives an amount equal to the sum it would have received had no such withholding or deduction been made. 

5.1.2 Payment of Other Taxes. Without limiting the foregoing, Borrower shall timely pay to the relevant Governmental Authority in
accordance with Applicable Law, or at Agent’s option, timely reimburse Agent for payment of, any Other Taxes. 
 5.1.3 Tax
Indemnification. 
 (a) Borrower shall indemnify and hold harmless, on a joint and several basis, each Recipient against any Indemnified
Taxes (including those imposed or asserted on or attributable to amounts payable under this Section 5.1.3) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient, and any penalties,
interest and reasonable out-of-pocket expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. Borrower shall indemnify and hold
harmless Agent against any amount that a Lender fails for any reason to pay indefeasibly to Agent as required pursuant to this Section 5.1.3. Borrower shall make payment within ten (10) days after demand for any amount or liability
payable under this Section 5.1.3. A certificate as to the amount of such payment or liability delivered to Borrower by a Lender (with a copy to Agent), or by Agent on its own behalf or on behalf of any Recipient, shall be conclusive
absent manifest error. 
 (b) Each Lender Bank shall indemnify and hold harmless, on a several basis, (i) Agent against any Indemnified
Taxes attributable to such Lender (but only to the extent Borrower has not already paid or reimbursed Agent therefor and without limiting Borrower’s obligation to do so), (ii) Agent and Obligors, as applicable, against any Taxes
attributable to such Lender’s failure to maintain a Participant register as required hereunder, and (iii) Agent and Obligors, as applicable, against any Excluded Taxes attributable to such Lender that are payable or paid by Agent or an
Obligor in connection with any Obligations, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. Each
Lender shall make payment within ten (10) days after demand for any amount or liability payable under this Section 5.1.3. A certificate as to the amount of such payment or liability delivered to any Lender by Agent shall be
conclusive absent manifest error. 

  
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 5.1.4 Evidence of Payments. If Agent or an Obligor pays any Taxes pursuant to this
Section 5.1.4, then upon request, Agent shall deliver to Borrower or Borrower shall deliver to Agent, respectively, a copy of a receipt issued by the appropriate Governmental Authority evidencing the payment, a copy of any return
required by Applicable Law to report the payment, or other evidence of payment reasonably satisfactory to Agent or Borrower, as applicable. 

5.1.5 Treatment of Certain Refunds. Unless required by Applicable Law, at no time shall Agent have any obligation to file for or
otherwise pursue on behalf of a Lender, nor have any obligation to pay to any Lender, any refund of Taxes withheld or deducted from funds paid for the account of a Lender. If a Recipient determines in its discretion that it has received a refund of
any Taxes as to which it has been indemnified by Borrower or with respect to which Borrower has paid additional amounts pursuant to this Section 5.1.5, it shall pay Borrower an amount equal to such refund (but only to the extent of
indemnity payments made, or additional amounts paid, by Borrower with respect to the Taxes giving rise to such refund), net of all reasonable out-of-pocket expenses (including Taxes imposed in connection with such refund) incurred by such Recipient,
and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that Borrower agrees, upon request by the Recipient, to repay the amount paid over to Borrower (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority) to the Recipient if the Recipient is required to repay such refund to the Governmental Authority. Notwithstanding anything herein to the contrary, no Recipient shall be
required to pay any amount to Borrower to the extent such payment would place the Recipient in a less favorable net after-Tax position than it would have been in if the Tax subject to indemnification and giving rise to such refund had not been
deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. In no event shall Agent or any Recipient be required to make its tax returns (or any other information
relating to its taxes that it deems confidential) available to any Obligor or other Person. 
 5.1.6 Survival. Each party’s
obligations under Sections 5.1 and 5.2 shall survive the resignation or replacement of Agent or any assignment of rights by or replacement of a Lender, the termination of the Commitments, and the repayment, satisfaction, discharge or
Full Payment of any Obligations. 
 5.2 Lender and Agent Tax Information. 

5.2.1 Status of Lenders. Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments of
Obligations shall deliver to Borrower and Agent properly completed and executed documentation reasonably requested by Borrower or Agent as will permit such payments to be made without or at a reduced rate of withholding. In addition, any Lender, if
reasonably requested by Borrower or Agent, shall deliver such other documentation prescribed by Applicable Law or reasonably requested by Borrower or Agent to enable them to determine whether such Lender is subject to backup withholding or
information reporting requirements and to satisfy any such information reporting requirements. Notwithstanding the foregoing, such documentation (other than documentation described in Sections 5.2.2(a), (b) and (d)) shall
not be required if a Lender reasonably believes delivery of the documentation would subject it to any material unreimbursed cost or expense or would materially prejudice its legal or commercial position. 

  
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 5.2.2 Lender Documentation. Without limiting the foregoing, if Borrower is a U.S.
Person, 
 (a) Any Lender that is a U.S. Person shall deliver to Borrower and Agent on or prior to the date on which such Lender becomes a
Lender hereunder, from time to time thereafter upon reasonable request of Borrower or Agent and pursuant to Section 5.2.4, executed originals of IRS Form W-9, certifying that such Lender is exempt from U.S. federal backup withholding
Tax; 
 (b) Any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to Borrower and Agent (in such number of copies
as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender hereunder, from time to time thereafter upon reasonable request of Borrower or Agent and pursuant to Section 5.2.4, whichever
of the following is applicable: 
 (i) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United
States is a party, (x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BENE establishing an exemption from or reduction of U.S. federal withholding Tax
pursuant to the “interest” article of such tax treaty, and (y) with respect to other payments under the Loan Documents, IRS Form W-8BENE establishing an exemption from or reduction of U.S.
federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 
 (ii)
executed originals of IRS Form W-8ECI; 
 (iii) in the case of a Foreign Lender claiming the
benefits of the exemption for portfolio interest under Sections 871(h) or 881(c) of the Code, (x) a certificate substantially in the form of Exhibit E-1 to the effect that such Foreign Lender is not a “bank” within the meaning
of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the
Code (“U.S. Tax Compliance Certificate”), and (y) executed originals of IRS Form W-8BENE; or 

(iv) to the extent a Foreign Lender is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS
Form W-8BENE, a U.S. Tax Compliance Certificate substantially in the form of Exhibit E-2 or Exhibit E-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as
applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance
Certificate substantially in the form of Exhibit E-4 on behalf of each such direct and indirect partner; 

  
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 (c) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to
Borrower and Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender hereunder, from time to time thereafter upon the reasonable request of Borrower or Agent and
pursuant to Section 5.2.4, executed originals of any other form prescribed by Applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary
documentation as may be prescribed by Applicable Law to permit Borrower or Agent to determine the withholding or deduction required to be made; and 

(d) if payment of an Obligation to a Recipient would be subject to U.S. federal withholding Tax imposed by FATCA if such Recipient were to fail
to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code), such Recipient shall deliver to Borrower and Agent at the time(s) prescribed by Applicable Law and otherwise as
reasonably requested by Borrower or Agent or pursuant to Section 5.2.4, such documentation prescribed by Applicable Law (including Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by
Borrower or Agent as may be necessary for them to comply with their obligations under FATCA and to determine that such Recipient has complied with its obligations under FATCA or to determine the amount to deduct and withhold from such payment.
Solely for purposes of this clause (d), “FATCA” shall include any amendments made to FATCA after the date hereof. 
 5.2.3 Agent
Documentation. Agent that is entitled to an exemption from or reduction of withholding Tax with respect to payments of Obligations shall deliver to Borrower properly completed and executed documentation reasonably requested by Borrower as will
permit such payments to be made without or at a reduced rate of withholding. In addition, Agent, if reasonably requested by Borrower, shall deliver such other documentation prescribed by Applicable Law or reasonably requested by Borrower as will
enable Borrower to determine whether or not Agent is subject to backup withholding or information reporting requirements and to satisfy any such information reporting requirements. Without limiting the foregoing, if Borrower is a U.S. Person, Agent
that is a U.S. Person shall deliver to Borrower on or prior to the date on which Agent becomes Agent hereunder, from time to time thereafter upon reasonable request of Borrower and pursuant to Section 5.2.4, executed originals of IRS
Form W-9, certifying that Agent is exempt from U.S. federal backup withholding Tax. 
 5.2.4
Redelivery of Documentation. If any form or certification previously delivered by a Recipient pursuant to this Section 5.2 expires or becomes obsolete or inaccurate in any respect, such Recipient shall promptly update the form or
certification or notify Borrower and Agent in writing of its inability to do so. 
 5.3 Nature and Extent of Borrower’s
Liabilities. 
 5.3.1 Waivers. 

(a) Borrower expressly waives all rights that it may have now or in the future under any statute, at common law, in equity or otherwise, to
compel Agent or Lenders to marshal assets or to proceed against any Obligor, other Person or security for the payment or performance of any Obligations before, or as a condition to, proceeding against Borrower. Borrower waives all defenses available
to a surety, guarantor or accommodation co-obligor other than Full Payment of Obligations and waives, to the maximum extent permitted by law, any right to 

  
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revoke any guaranty of Obligations as long as it is Borrower. It is agreed among Borrower, Agent and Lenders that the provisions of this Section 5.3 are of the essence of the
transaction contemplated by the Loan Documents and that, but for such provisions, Agent and Lenders would decline to make Loans. Borrower acknowledges that its guaranty pursuant to this Section 5.3 is necessary to the conduct and
promotion of its business, and can be expected to benefit such business. 
 (b) Agent and Lenders may, in their discretion, pursue such
rights and remedies as they deem appropriate, including realization upon Collateral or any Real Estate by judicial foreclosure or nonjudicial sale or enforcement, without affecting any rights and remedies under this Section 5.3. If, in
taking any action in connection with the exercise of any rights or remedies, Agent or any Lender shall forfeit any other rights or remedies, including the right to enter a deficiency judgment against Borrower or other Person, whether because of any
Applicable Laws pertaining to “election of remedies” or otherwise, Borrower consents to such action and waives any claim based upon it, even if the action may result in loss of any rights of subrogation that Borrower might otherwise have
had. Any election of remedies that results in denial or impairment of the right of Agent or any Lender to seek a deficiency judgment against Borrower shall not impair its obligation to pay the full amount of the Obligations. Borrower waives all
rights and defenses arising out of an election of remedies, such as nonjudicial foreclosure with respect to any security for Obligations, even though that election of remedies destroys Borrower’s rights of subrogation against any other Person.
Agent may bid Obligations, in whole or part, at any foreclosure, trustee or other sale, including any private sale, and the amount of such bid need not be paid by Agent but shall be credited against the Obligations. The amount of the successful bid
at any such sale, whether Agent or any other Person is the successful bidder, shall be conclusively deemed to be the fair market value of the Collateral, and the difference between such bid amount and the remaining balance of the Obligations shall
be conclusively deemed to be the amount of the Obligations guaranteed under this Section 5.3, notwithstanding that any present or future law or court decision may have the effect of reducing the amount of any deficiency claim to which
Agent or any Lender might otherwise be entitled but for such bidding at any such sale. 
 5.3.2 Subordination. Borrower hereby
subordinates any claims, including any rights at law or in equity to payment, subrogation, reimbursement, exoneration, contribution, indemnification or set off, that it may have at any time against any other Obligor, howsoever arising, to the Full
Payment of its Obligations. 
 SECTION 6. CONDITIONS PRECEDENT 

6.1 Conditions Precedent to Initial Loans. In addition to the conditions set forth in Section 7.2, Lenders shall not
be required to fund any Loan, until the date (“Closing Date”) that each of the following conditions has been satisfied: 

(a) This Agreement, the Guarantee and Collateral Agreement, the Perfection Certificate, the Intercreditor Agreement and each other Loan
Document required by the terms hereof to be delivered on the Closing Date shall have been duly executed and copies of executed counterparts of each such Loan Document shall have been delivered to Agent by each of the signatories thereto. 

  
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 (b) Agent shall have received acknowledgments of all filings or recordations necessary to
perfect its Liens in the Collateral, as well as UCC and Lien searches and other evidence reasonably satisfactory to Agent that such Liens are the only Liens upon the Collateral, except Permitted Liens. 

(c) Agent shall have received a life-of-loan flood hazard determination for all Real Estate owned by an Obligor and, if such Real Estate is
located in a special flood hazard area, an acknowledged notice to the applicable Borrower and flood insurance by an insurer acceptable to Agent. 

(d) Agent shall have received (i) originals of stock/unit certificates representing 100% (or 65%, as applicable) of the certificated
Equity Interests of each Subsidiary that is directly owned by an Obligor, together with stock powers executed in blank and (ii) Issuer Control Agreements for the Equity Interests of each Subsidiary with uncertificated Equity Interests that is
directly owned by an Obligor. 
 (e) Agent shall have received duly executed agreements establishing each Dominion Account and related
lockbox, set forth on Schedule 8.5, in form and substance, and with financial institutions, satisfactory to Agent and duly executed Deposit Account Control Agreements, in form and substance, reasonably satisfactory to Agent. 

(f) Agent shall have received certificates, in form and substance satisfactory to it, from a knowledgeable Senior Officer of Borrower
certifying that, after giving effect to the initial Loans and transactions hereunder, (i) Borrower, individually, is, and Borrower and each of its Subsidiaries on a consolidated basis are, Solvent; (ii) no Default or Event of Default
exists; and (iii) the representations and warranties set forth in Section 9 are true and correct. 
 (g) Agent shall have
received a certificate of a duly authorized officer of each Obligor, certifying (i) that attached copies of such Obligor’s Organic Documents are true and complete, and in full force and effect, without amendment except as shown;
(ii) that an attached copy of resolutions authorizing execution and delivery of the Loan Documents is true and complete, and that such resolutions are in full force and effect, were duly adopted, have not been amended, modified or revoked, and
constitute all resolutions adopted with respect to this credit facility; and (iii) to the title, name and signature of each Person authorized to sign the Loan Documents. Agent may conclusively rely on this certificate until it is otherwise
notified by the applicable Obligor in writing. 
 (h) Agent shall have received a written opinion of Godfrey & Kahn, S.C., as well
as any local counsel to Borrower for each jurisdiction in which an Obligor is organized, in each case, in form and substance reasonably satisfactory to Agent. 

(i) Agent shall have received copies of the charter documents of each Obligor, certified by the Secretary of State or other appropriate
official of such Obligor’s jurisdiction of organization. Agent shall have received good standing certificates for each Obligor, issued by the Secretary of State or other appropriate official of such Obligor’s jurisdiction of organization.

  
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 (j) Agent shall have received copies of policies or certificates of insurance for the
insurance policies carried by Borrower, all in compliance with the Loan Documents. 
 (k) Since December 31, 2016, there has been no
circumstance, event or condition that has or could reasonably be expected to have a Material Adverse Effect. 
 (l) No action, suit,
investigation, litigation or proceeding pending or threatened in any court or before any arbitrator or governmental instrumentality that (i) could reasonably be expected to have a Material Adverse Effect; or (ii) could reasonably be
expected to materially and adversely affect the Transactions. 
 (m) Agent shall have received, in form and substance satisfactory to Agent,
(i) a pro forma balance sheet of Borrower and its Subsidiaries dated as of the Closing Date, (ii) financial projections of Borrower and its Subsidiaries, evidencing Borrower’s ability to comply with the financial covenant set forth in
the Loan Documents, and (iii) interim financial statements for Borrower and its Subsidiaries as of a date not more than forty-five (45) days prior to the Closing Date. 

(n) Agent shall have received reasonably satisfactory evidence that Borrower has received all governmental and third party consents and
approvals as may be appropriate in connection with the Transactions. 
 (o) Agent shall have completed its customary business, financial,
legal, tax, environmental and collateral due diligence, with results reasonably satisfactory to Agent and its counsel. Such due diligence shall include, without limitation, the following: (i) face to face meetings with management,
(ii) review of the Obligors’ books, systems and records, (iii) an updated quality of earnings review of the Obligors’ financials by a third party firm reasonably acceptable to Agent with results reasonably satisfactory to Agent
(the “Quality of Earnings Report”), (iv) Borrower’s detailed five year business plan with the first two (2) years prepared on a quarterly basis, (v) background checks on key management, and (vi) review of
ERISA, regulatory, environmental, intellectual property, litigation, accounting, tax, licensing, certification and permit matters and labor matters, in each case, with results reasonably satisfactory to Agent in its reasonable discretion. 

(p) Borrower shall have paid all fees and expenses to be paid to Agent and Lenders on the Closing Date. 

(q) After giving effect on a pro forma basis to the funding of the Term A Loan and any funding of loans and issuance of letters of credit under
the Revolving Loan Agreement on the Closing Date, the consummation of the Transactions and the payment by Borrower of all fees and expenses incurred in connection with the Transactions, as well as any payables stretched beyond their customary
payment practices, (i) Availability shall be at least $20,000,000 and (ii) the average daily amount of Revolving Loans for the 365-day period immediately preceding such date shall be not greater than $35,000,000. 

(r) Agent shall have received evidence, in form and substance reasonably satisfactory to Agent, that EBITDA of Borrower and its Subsidiaries
(using methodology substantially consistent with the determination of EBITDA in the Quality of Earnings Report, but excluding from the determination of EBITDA the add-back for public company costs and expenses in an amount equal to $1,698,000), for
the twelve (12) Fiscal Month period ending on or about February 25, 2017 was equal to or greater than $49,500,000. 

  
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 (s) After giving pro forma effect to the Loans made hereunder on the Closing Date and the
Revolving Loans made by Revolving Loan Lenders on the Closing Date, the Net Senior Leverage Ratio for Borrower and its Subsidiaries, on a consolidated basis, for the four (4) consecutive Fiscal Quarters ending on or about December 31, 2016
shall be less than or equal to 3.35 to 1.00. 
 (t) Agent shall have received true, correct and complete copies of the Closing Date Revolving
Loan Agreement Amendment and the other Revolving Loan Documents, all of which shall be in form and substance reasonably satisfactory to Agent, duly authorized, executed and delivered by the parties thereto and in effect on the Closing Date, and the
transactions contemplated by the Revolving Loan Documents shall be consummated simultaneously with the making of the initial Loans hereunder. 

(u) Agent shall have received a payoff letter from Existing Agent, in form and substance reasonably satisfactory to Agent, providing that,
among other things, all of the Indebtedness of the Obligors under the Existing Loan Documents will be paid and satisfied in full upon Existing Agent’s receipt of the amount set forth therein. 

(v) Agent shall have received written instructions from Borrower directing the application of proceeds of the Term A Loan made pursuant to this
Agreement. 
 (w) Agent shall have received an executed Notice of Borrowing. 

(x) No Default or Event of Default shall exist at the time of, or result from, such funding, issuance or grant. 

(y) The representations and warranties of each Obligor in the Loan Documents shall be true and correct on the date of, and upon giving effect
to, the funding of Term A Loan (except for representations and warranties that expressly relate to an earlier date). 
 (z) A duly executed
W-9 (or such other applicable IRS tax form) of the Borrower. 
 SECTION 7. COLLATERAL 

7.1 Cash Collateral. Cash Collateral may be invested, at Agent’s discretion (and with the consent of Borrower, as
long as no Event of Default exists), but Agent shall have no duty to do so, regardless of any agreement or course of dealing with Borrower, and shall have no responsibility for any investment or loss. As security for its Obligations, Borrower hereby
grants to Agent a security interest in and Lien upon all Cash Collateral held from time to time and all proceeds thereof, whether held in a Cash Collateral Account or otherwise. Agent may apply Cash Collateral to the payment of such Obligations as
they become due, in such order as Agent may elect. The Cash Collateral Account and all Cash Collateral shall be under the sole dominion and control of Agent, and neither Borrower nor any other Person (subject to the terms of the Intercreditor
Agreement) shall have any right to any Cash Collateral, until Full Payment of the Obligations. 

  
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 7.2 Real Estate Collateral. The Obligations shall also be secured by
Mortgages upon all Real Estate owned by Obligors set forth on Schedule 8.6.1, which such Mortgages shall be delivered, along with the Related Real Estate Documents, within thirty (30) days of the Closing Date (which period may be
extended with the reasonable consent of Agent). The Mortgages shall be duly recorded, at Borrower’s expense, in each office where such recording is required to constitute a fully perfected Lien on the Real Estate covered thereby. If Borrower
acquires Real Estate hereafter having a fair market value in excess of $2,000,000, Borrower shall, within thirty (30) days (or such longer period as Agent may reasonably consent) of such acquisition, execute, deliver and record a Mortgage
sufficient to create a first-priority fully perfected Lien in favor of Agent on such Real Estate and shall deliver all Related Real Estate Documents. 

7.3 Other Collateral. 

7.3.1 Commercial Tort Claims. Borrower shall promptly notify Agent in writing if Borrower has a Commercial Tort Claim (other than, as
long as no Event of Default exists, a Commercial Tort Claim for less than $500,000), shall promptly amend Schedule 9.1.16 to include such claim, and shall take such actions as Agent deems appropriate to subject such claim to a duly perfected,
first priority Lien in favor of Agent. 
 7.3.2 Certain After-Acquired Collateral. Borrower shall promptly notify Agent in writing if,
after the Closing Date, Borrower obtains any interest in any Collateral consisting of Deposit Accounts, Chattel Paper, Documents, Instruments, Intellectual Property, Investment Property or Letter-of-Credit Rights with a value in excess of $500,000
for any such item of Collateral and, upon Agent’s reasonable request, shall promptly take such actions as Agent deems appropriate to effect Agent’s duly perfected, first priority Lien upon such Collateral, including obtaining any
appropriate possession or control agreement or Lien Waiver. Notwithstanding anything herein to the contrary, Borrower shall not take any action to perfect or record any security interest in any part of the Collateral under the laws of any
jurisdiction outside of the United States of America. If any Collateral is in the possession of a third party, at Agent’s request, Borrower shall use commercially reasonable efforts to obtain an acknowledgment that such third party holds the
Collateral for the benefit of Agent. 
 7.4 Limitations. The Lien on Collateral granted under any Loan Document is given
as security only and shall not subject Agent or any Lender to, or in any way modify, any obligation or liability of Obligors relating to any Collateral. 

7.5 Further Assurances. All Liens granted to Agent under the Loan Documents are for the benefit of Secured Parties.
Promptly upon Agent’s reasonable request, Obligors shall deliver such instruments and agreements, and shall take such actions, as Agent reasonably deems appropriate under Applicable Law to evidence or perfect its Lien on any Collateral, or
otherwise to give effect to the intent of this Agreement. Each Obligor authorizes Agent to file any financing statement that describes the Collateral as “all assets” or “all personal property” of such Obligor, or words to similar
effect, and ratifies any action taken by Agent before the Closing Date to effect or perfect its Lien on any Collateral. 

  
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 SECTION 8. COLLATERAL ADMINISTRATION 

8.1 Borrowing Base Certificates. Concurrent with its delivery to the Revolving Loan Agent, Borrower shall deliver to Agent (and
Agent shall promptly deliver same to Lenders) a Borrowing Base Certificate prepared as of the close of business of the previous month. 

8.2 Administration of Accounts. 

8.2.1 Records and Schedules of Accounts. Borrower shall keep accurate and complete records of its Accounts, including all payments and
collections thereon, and shall submit to Agent sales, collection, reconciliation and other reports in form reasonably satisfactory to Agent, on such periodic basis as Agent may request. Borrower shall also promptly provide to Agent, upon
Agent’s request, a detailed aged trial balance of all Accounts as of the end of the preceding month, specifying each Account’s Account Debtor name and address, amount, invoice date and due date, showing any discount, allowance, credit,
authorized return or dispute, and including such proof of delivery, copies of invoices and invoice registers, copies of related documents, repayment histories, status reports and other information as Agent may reasonably request. 

8.2.2 Taxes. If an Account of Borrower includes a charge for any Taxes, Agent is authorized, in its discretion, to pay the amount
thereof to the proper taxing authority for the account of Borrower, and all documented charges, expenses and fees Agent may incur in doing the foregoing shall be at the sole expense of Borrower and payable by Borrower to Agent not later than ten
(10) Business Days after written demand; provided, however, that neither Agent nor Lenders shall be liable for any Taxes that may be due from Borrower or with respect to any Collateral. 

8.2.3 [Intentionally Omitted]. 

8.2.4 Maintenance of Dominion Account. Obligors shall maintain Dominion Accounts pursuant to lockbox or other arrangements reasonably
acceptable to Agent. Obligors shall obtain a Deposit Account Control Agreement or a Securities Account Control Agreement, in each case in form and substance reasonably satisfactory to Agent, from each lockbox servicer and Dominion Account bank,
establishing Agent’s control over and fully perfected Lien in the lockbox or Dominion Account, subject only to certain Permitted Liens, including for the avoidance of doubt, the Lien in favor of the Revolving Loan Agent with the priority
provided for in the Intercreditor Agreement, requiring the immediate deposit of all remittances received in any lockbox to a Dominion Account, and waiving offset rights of such servicer or bank, except for customary administrative charges. Prior to
a Cash Dominion Period, Agent shall not deliver a notice of Exclusive Control with respect to any Dominion Account. During a Cash Dominion Trigger Period, each Obligor hereby irrevocably waives the right to direct the application of funds in a
Dominion Account and agrees that, subject to the Intercreditor Agreement, Agent may and, upon the written direction of the Required Lenders given at any time during such Cash Dominion Trigger Period, shall deliver a notice of exclusive control (as
described in each 

  
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Deposit Account Control Agreement) to each Dominion bank for each Dominion Account, and thereafter require immediate transfer of all funds in such account to a Dominion Account maintained with
Bank of America or another bank satisfactory to Agent. Agent and Lenders assume no responsibility to Borrower for any lockbox arrangement or Dominion Account, including any claim of accord and satisfaction or release with respect to any Payment
Items accepted by any bank. 
 8.2.5 Proceeds of Collateral. Borrower shall request in writing and otherwise take all necessary steps
to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Dominion Account (or a lockbox relating to a Dominion Account). If Borrower or any Subsidiary receives cash or Payment Items with respect to any
Collateral, it shall hold same in trust for Agent and promptly (not later than the next Business Day) deposit same into a Dominion Account. 

8.3 Administration of Inventory. Borrower shall keep accurate and complete records of its Inventory, including costs and
daily withdrawals and additions, and shall submit to Agent inventory and reconciliation reports in form reasonably satisfactory to Agent, on such periodic basis as Agent may request. Borrower shall conduct periodic cycle counts consistent with
historical practices, and shall, upon Agent’s request, provide to Agent a report based on each such inventory and count promptly upon completion thereof, together with such supporting information as Agent may request. Agent may participate in
and observe each physical count. 
 8.4 Administration of Equipment. 

8.4.1 Records and Schedules of Equipment. Borrower shall keep accurate and complete records of its Equipment, including kind, quality,
quantity, cost, acquisitions and dispositions thereof, and shall submit to Agent, on such periodic basis as Agent may request, a current schedule thereof, in form satisfactory to Agent. Promptly upon request, Borrower shall deliver to Agent evidence
of their ownership or interests in any Equipment. 
 8.4.2 Dispositions of Equipment. Borrower shall not sell, lease or otherwise
dispose of any Equipment, without the prior written consent of Agent, other than a Permitted Asset Disposition. 
 8.5 Administration
of Deposit Accounts and Securities Accounts. Schedule 8.5 sets forth all Deposit Accounts and Securities Accounts maintained by Obligors, including all Dominion Accounts of Obligors. Each Obligor shall obtain a Deposit Account Control
Agreement or a Securities Account Control Agreement, in each case in form and substance satisfactory to Agent, from each lockbox servicer and each institution maintaining a Deposit Account or Securities Account, as applicable, establishing
Agent’s control over each such Deposit Account and each such Securities Account (other than (x) an account exclusively used for payroll, payroll taxes or employee benefits, (y) a zero balance disbursement account, or (z) an
account containing not more than $150,000 at any time, provided, however that amounts on deposit in all such accounts under this clause (z) do not exceed $1,000,000 at any time). Each Obligor shall be the sole account holder of each Deposit
Account and each Securities Account and shall not allow any other Person (other than Agent, and, solely to the extent provided for in the Intercreditor Agreement and each Deposit Account Control Agreement or Securities Account 

  
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Control Agreement, Revolving Loan Agent) to have control over a Deposit Account, Securities Account or any Property deposited therein. During a Cash Dominion Trigger Period, each Obligor hereby
agrees that, subject to the Intercreditor Agreement, Agent may and, upon the written direction of the Required Lenders given at any time during such Cash Dominion Trigger Period, shall deliver a notice of exclusive control (as described in each
Deposit Account Control Agreement) to each institution maintaining a Deposit Account covered by a Deposit Account Control Agreement, and thereafter require immediate transfer of all funds in such account to a Dominion Account maintained with Bank of
America or another bank satisfactory to Agent. Each Obligor shall promptly notify Agent of any opening or closing of a Deposit Account or Securities Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same, which
amendment shall be effective notwithstanding any other requirements set forth herein relating to the approval of amendments. 
 8.6
General Provisions. 
 8.6.1 Location of Collateral. All tangible items of Collateral, other than Inventory in
transit, shall at all times be kept by Obligors at the business locations set forth in Schedule 8.6.1, except that Obligors may (a) make sales or other dispositions of Collateral in accordance with Section 10.2.6; and
(b) move Collateral to another location in the United States, upon twenty (20) Business Days prior written notice to Agent. 

8.6.2 Insurance of Collateral; Condemnation Proceeds. 

(a) Each Obligor shall maintain insurance with respect to the Collateral, covering casualty, hazard, theft, malicious mischief, flood and other
risks, in amounts, with endorsements and with insurers (with a Best’s Financial Strength Rating of at least A+, unless otherwise approved by Agent in its discretion) reasonably satisfactory to Agent. Subject to the terms of the Intercreditor
Agreement, all proceeds under each policy shall be payable to Agent. From time to time upon request, Obligors shall deliver to Agent the originals or certified copies of its insurance policies and updated flood plain searches. Unless Agent shall
agree otherwise and except as provided in the Intercreditor Agreement, each policy shall include satisfactory endorsements (i) showing Agent as loss payee (as its interests may appear in accordance with the Intercreditor Agreement);
(ii) requiring thirty (30) days prior written notice to Agent in the event of cancellation of the policy for any reason whatsoever; and (iii) specifying that the interest of Agent shall not be impaired or invalidated by any act or
neglect of any Obligor or the owner of the Property, nor by the occupation of the premises for purposes more hazardous than are permitted by the policy. If any Obligor fails to provide and pay for any insurance, Agent may, at its option, but shall
not be required to, procure the insurance and charge Obligors therefor. Each Obligor agrees to deliver to Agent, promptly as rendered, copies of all reports made to insurance companies. While no Event of Default exists, Obligors may settle, adjust
or compromise any insurance claim, as long as the proceeds are delivered to Agent. If an Event of Default exists, only Agent shall be authorized to settle, adjust and compromise such claims. 

(b) Subject to the terms of the Intercreditor Agreement so long as the Revolving Loan Facility is in effect, any proceeds of insurance (other
than proceeds from workers’ compensation or D&O insurance) and any awards arising from condemnation of any Collateral (other than ABL Priority Collateral) shall be paid to Agent. Subject to the Intercreditor Agreement so long as the
Revolving Loan Facility is in effect, any proceeds or awards that relate to Collateral (other than ABL Priority Collateral) shall be applied to the Loans and then to other Obligations. 

  
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 8.6.3 Protection of Collateral. All expenses of protecting, storing, warehousing,
insuring, handling, maintaining and shipping any Collateral, all Taxes payable with respect to any Collateral (including any sale thereof), and all other payments required to be made by Agent to any Person to realize upon any Collateral, shall be
borne and paid by Borrower. Agent shall not be liable or responsible in any way for the safekeeping of any Collateral, for any loss or damage thereto (except for reasonable care in its custody while Collateral is in Agent’s actual possession),
for any diminution in the value thereof, or for any act or default of any warehouseman, carrier, forwarding agency or other Person whatsoever, but the same shall be at Borrower’s sole risk. 

8.6.4 Defense of Title. Borrower shall defend its title to Collateral and Agent’s Liens therein against all Persons, claims and
demands, except Permitted Liens. 
 8.7 Power of Attorney. Borrower hereby irrevocably constitutes and appoints Agent (and all
Persons designated by Agent) as Borrower’s true and lawful attorney (and agent-in-fact) for the purposes provided in this Section. Agent, or Agent’s designee, may, without notice and in either its or Borrower’s name, but at the cost
and expense of Borrower: 
 (a) Endorse Borrower’s name on any Payment Item or other proceeds of Collateral (including proceeds of
insurance) that come into Agent’s possession or control; and 
 (b) During an Event of Default, (i) notify any Account Debtors of
the assignment of their Accounts, demand and enforce payment of Accounts by legal proceedings or otherwise, and generally exercise any rights and remedies with respect to Accounts; (ii) settle, adjust, modify, compromise, discharge or release
any Accounts or other Collateral, or any legal proceedings brought to collect Accounts or Collateral; (iii) sell or assign any Accounts and other Collateral upon such terms, for such amounts and at such times as Agent deems advisable;
(iv) collect, liquidate and receive balances in Deposit Accounts or investment accounts, and take control, in any manner, of proceeds of Collateral; (v) prepare, file and sign Borrower’s name to a proof of claim or other document in a
bankruptcy of an Account Debtor, or to any notice, assignment or satisfaction of Lien or similar document; (vi) receive, open and dispose of mail addressed to Borrower, and notify postal authorities to deliver any such mail to an address
designated by Agent; (vii) endorse any Chattel Paper, Document, Instrument, bill of lading, or other document or agreement relating to any Accounts, Inventory or other Collateral; (viii) use Borrower’s stationery and sign its name to
verifications of Accounts and notices to Account Debtors; (ix) use information contained in any data processing, electronic or information systems relating to Collateral; (x) make and adjust claims under insurance policies; (xi) take
any action as may be necessary or appropriate to obtain payment under any letter of credit, banker’s acceptance or other instrument for which Borrower is a beneficiary; and (xii) take all other actions as Agent deems appropriate to fulfill
Borrower’s obligations under the Loan Documents. 

  
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 SECTION 9. REPRESENTATIONS AND WARRANTIES 

9.1 General Representations and Warranties. To induce Agent and Lenders to enter into this Agreement and to make available the
Commitments and Loans, each Obligor represents and warrants that: 
 9.1.1 Organization and Qualification. Each Obligor and its
Subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. Each Obligor and its Subsidiaries is duly qualified, authorized to do business and in good standing as a foreign
corporation in each jurisdiction where failure to be so qualified could reasonably be expected to have a Material Adverse Effect. No Obligor is an EEA Financial Institution. 

9.1.2 Power and Authority. Each Obligor is duly authorized to execute, deliver and perform its obligations under the Loan Documents to
which it is a party. The execution, delivery and performance of the Loan Documents to which such Obligor is a party have been duly authorized by all necessary action, and do not (a) require any consent or approval of any holders of Equity
Interests of any Obligor, except those already obtained; (b) contravene the Organic Documents of any Obligor; (c) violate or cause a default under any Applicable Law or Material Contract; or (d) result in or require imposition of a
Lien (other than Permitted Liens) on any Obligor’s Property. 
 9.1.3 Enforceability. Each Loan Document is a legal, valid and
binding obligation of each Obligor party thereto, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, fraudulent transfer, reorganization, moratorium or similar laws
affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). 

9.1.4 Capital Structure. Schedule 9.1.4 shows Borrower’s legal name and jurisdiction of organization. Schedule 9.1.4
shows, for each Subsidiary of Borrower, its name, jurisdiction of organization, authorized and issued Equity Interests, holders of its Equity Interests, and agreements binding on such holders with respect to such Equity Interests. Except as
disclosed on Schedule 9.1.4, in the five (5) years preceding the Closing Date, no Obligor nor any of its Subsidiaries has acquired any substantial assets from any other Person nor been the surviving entity in a merger or combination.
Each Obligor has good title to its Equity Interests in its Subsidiaries, subject only to Agent’s Lien and the Lien in favor of Revolving Loan Agent under the Revolving Loan Documents, and all such Equity Interests are duly issued, fully paid
and non-assessable. There are no outstanding purchase options, warrants, subscription rights, agreements to issue or sell, convertible interests, phantom rights or powers of attorney relating to Equity Interests of any Subsidiaries of Borrower. 

9.1.5 Title to Properties; Priority of Liens. Each Obligor and its Subsidiaries has, in all material respects, good and marketable title
to (or valid leasehold interests in) all of its material Real Estate, and good title to all of its material personal Property, including all Property reflected in any financial statements delivered to Agent or Lenders, in each case free of Liens
except Permitted Liens. Each Obligor and its Subsidiaries has paid and discharged or is being 

  
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Properly Contested all lawful claims that, if unpaid, could become a Lien on its Properties, other than Permitted Liens. All Liens of Agent in the Collateral are duly perfected, first priority
Liens, subject only to the Intercreditor Agreement and Permitted Liens that are expressly allowed to have priority over Agent’s Liens. 

9.1.6 [Intentionally Omitted]. 

9.1.7 Financial Statements. The consolidated and consolidating balance sheets, and related statements of income, cash flow and
shareholders’ equity, of Borrower and its Subsidiaries that have been and are hereafter delivered to Agent and Lenders, are prepared in accordance with GAAP, and fairly present the financial positions and results of operations of Borrower and
its Subsidiaries at the dates and for the periods indicated. All projections delivered from time to time to Agent and Lenders have been prepared in good faith, based on reasonable assumptions in light of the circumstances at such time. Since
December 31, 2016, there has been no change in the condition, financial or otherwise, of Borrower or Subsidiary that could reasonably be expected to have a Material Adverse Effect. No financial statement delivered to Agent or Lenders at any
time contains any untrue statement of a material fact, nor fails to disclose any material fact necessary to make such statement not materially misleading. Borrower individually is, and Borrower and each of its Subsidiaries on a consolidated basis,
are Solvent. 
 9.1.8 Surety Obligations. No Obligor nor any of its Subsidiaries is obligated as surety or indemnitor under any bond
or other contract that assures payment or performance of any obligation of any Person, except as permitted hereunder. 
 9.1.9 Taxes.
Each Obligor and its Subsidiaries has filed all material federal, state and local tax returns and other reports that it is required by law to file, and has paid, or made provision for the payment of, all material Taxes upon it, its income and its
Properties that are due and payable, except to the extent being Properly Contested. The provision for Taxes on the books of each Obligor and its Subsidiaries is adequate for all years not closed by applicable statutes, and for its current Fiscal
Year. 
 9.1.10 Brokers. There are no brokerage commissions, finder’s fees or investment banking fees payable in connection with
any transactions contemplated by the Loan Documents other than an engagement letter entered into by and between the Borrower and Bank of America, N.A. 

9.1.11 Intellectual Property. Each Obligor and its Subsidiaries owns or is licensed to use all Intellectual Property material to its
respective business, and neither the use thereof nor the conduct of their respective businesses infringes, misappropriates or otherwise violates the Intellectual Property rights of any other Person, except for any such infringements,
misappropriations and other violations that could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. Except as disclosed on Schedule 9.1.11, no Borrower or Subsidiary pays or owes in excess
of $250,000 in any Fiscal Year any royalty or other compensation to any Person with respect to any Intellectual Property. All Intellectual Property registered or pending registration with the United States Copyright Office or the United States
Patent and Trademark Office owned by any Obligor or Subsidiary is shown on Schedule 9.1.11. 

  
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 9.1.12 Governmental Approvals. Each Obligor and its Subsidiaries has, is in
compliance with, and is in good standing with respect to, all Governmental Approvals necessary to conduct its business and to own, lease and operate its Properties. All necessary import, export or other licenses, permits or certificates for the
import or handling of any goods or other Collateral have been procured and are in effect, and Obligors and their Subsidiaries have complied with all foreign and domestic laws with respect to the shipment and importation of any goods or Collateral,
except where noncompliance could not reasonably be expected to have a Material Adverse Effect. 
 9.1.13 Compliance with Laws. Each
Obligor and its Subsidiaries has duly complied, and its Properties and business operations are in compliance, in all material respects with all Applicable Law, except where noncompliance could not reasonably be expected to have a Material Adverse
Effect. There have been no citations, notices or orders of noncompliance issued to any Obligor or any of its Subsidiaries under any Applicable Law that could reasonably be expected to have a Material Adverse Effect. No Inventory has been produced in
violation of the FLSA. 
 9.1.14 Compliance with Environmental Laws. Except as disclosed on Schedule 9.1.14 or as could not
reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, (i) no Obligor’s nor any of its Subsidiaries’ past or present operations, Real Estate or other Properties are subject to any federal, state
or local investigation to determine whether any remedial action is needed to address any environmental pollution, hazardous material or environmental clean-up; (ii) no Obligor nor any of its Subsidiaries has received any Environmental Notice;
and (iii) no Obligor nor any of its Subsidiaries has any contingent liability with respect to any Environmental Release, environmental pollution or hazardous material on any Real Estate now or previously owned, leased or operated by it. 

9.1.15 Burdensome Contracts. No Obligor nor any of its Subsidiaries is party or subject to any Restrictive Agreement, except as shown on
Schedule 9.1.15. No such Restrictive Agreement prohibits the execution, delivery or performance of any Loan Document by an Obligor. 

9.1.16 Litigation. Except as shown on Schedule 9.1.16, there are no proceedings or investigations pending or, to any
Obligor’s knowledge, threatened against any Obligor or any of its Subsidiaries, or any of their businesses, operations, Properties, prospects or conditions, that (a) relate to any Loan Documents or transactions contemplated thereby; or
(b) could reasonably be expected to have a Material Adverse Effect if determined adversely to any Obligor or any of its Subsidiaries. Except as shown on such Schedule, no Obligor has a Commercial Tort Claim (other than, as long as no Default or
Event of Default exists, a Commercial Tort Claim for less than $500,000). No Obligor nor any of its Subsidiaries is in default with respect to any order, injunction or judgment of any Governmental Authority, except where such violation or default
could not reasonably be expected to result in a Material Adverse Effect. 
 9.1.17 No Defaults. No event or circumstance has occurred
or exists that constitutes a Default or Event of Default. No Obligor nor any of its Subsidiaries is in default, and no event or circumstance has occurred or exists that with the passage of time or giving of notice would constitute a default, under
any Material Contract. 

  
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 9.1.18 ERISA. Except as disclosed on Schedule 9.1.18: 

(a) Except as could not reasonably be expected to result in a Material Adverse Effect, (i) each Plan is in compliance in all material
respects with the applicable provisions of ERISA, the Code, and other federal and state laws and (ii) each Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the IRS or an
application for such a letter is currently being processed by the IRS with respect thereto and, to the knowledge of Borrower, nothing has occurred which would prevent, or cause the loss of, such qualification. Each Obligor and ERISA Affiliate has
met in all material respects all applicable requirements under the Code, ERISA and the Pension Protection Act of 2006 with respect to each Plan, and no application for a waiver of the minimum funding standards or an extension of any amortization
period has been made with respect to any Plan. 
 (b) There are no pending or, to the knowledge of Borrower, threatened claims, actions or
lawsuits, or action by any Governmental Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect
to any Plan that has resulted in or could reasonably be expected to have a Material Adverse Effect. 
 (c) Except as could not reasonably be
expected to result in a Material Adverse Effect, (i) no ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan has any Unfunded Pension Liability; (iii) no Obligor or ERISA Affiliate has incurred, or
reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Section 4201 or 4243 of ERISA with respect to a Multiemployer Plan;
and (iv) no Obligor or ERISA Affiliate has engaged in a transaction that could reasonably be expected to be subject to Section 4069 or 4212(c) of ERISA. 

(d) Except as would not reasonably be expected to have a Material Adverse Effect, with respect to any Foreign Plan, (i) all employer and
employee contributions required by law or by the terms of the Foreign Plan have been made, or, if applicable, accrued, in accordance with normal accounting practices; (ii) the fair market value of the assets of each funded Foreign Plan, the
liability of each insurer for any Foreign Plan funded through insurance, or the book reserve established for any Foreign Plan, together with any accrued contributions, is sufficient to procure or provide for the accrued benefit obligations with
respect to all current and former participants in such Foreign Plan according to the actuarial assumptions and valuations most recently used to account for such obligations in accordance with applicable generally accepted accounting principles; and
(iii) it has been registered as required and has been maintained in good standing with applicable regulatory authorities. 
 9.1.19
Trade Relations. There exists no actual or threatened termination, limitation or modification of any business relationship between any Obligor or its Subsidiaries and any customer or supplier, or any group of customers or suppliers, which
would have a Material Adverse Effect. There exists no condition or circumstance that could reasonably be expected to impair the ability of Borrower or any Subsidiary to conduct its business at any time hereafter in substantially the same manner as
conducted on the Closing Date. 

  
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 9.1.20 Labor Relations. Except as described on Schedule 9.1.20, no Obligor nor
any of its Subsidiaries is party to or bound by any collective bargaining agreement, any management agreement or any material consulting agreement. Except as could not reasonably be expected to result in a Material Adverse Effect, there are no
material grievances, disputes or controversies with any union or other organization of Borrower’s or any Subsidiary’s employees, or, to Borrower’s knowledge, any asserted or threatened strikes, work stoppages or demands for collective
bargaining. 
 9.1.21 Payable Practices. No Obligor nor any of its Subsidiaries has made any material change in its historical
accounts payable practices from those in effect on the Closing Date. 
 9.1.22 Not a Regulated Entity. No Obligor is (a) an
“investment company” or a “person directly or indirectly controlled by or acting on behalf of an investment company” within the meaning of the Investment Company Act of 1940; or (b) subject to regulation under the Federal
Power Act, the Interstate Commerce Act, any public utilities code or any other Applicable Law regarding its authority to incur Indebtedness. 

9.1.23 Margin Stock. Neither Borrower nor any Subsidiary is engaged, principally or as one of its important activities, in the business
of extending credit for the purpose of purchasing or carrying any Margin Stock. No proceeds of Loans will be used by Borrower to purchase or carry, or to reduce or refinance any Indebtedness incurred to purchase or carry, any Margin Stock or for any
related purpose governed by Regulations T, U or X of the Board of Governors. 
 9.1.24 OFAC; Anti-Corruption Laws. No Obligor nor any
of its Subsidiaries, nor to the knowledge of any Obligor or Subsidiary, any director, officer, employee, agent, affiliate or representative thereof, is or is owned or controlled by any individual or entity that is currently the subject or target of
any Sanction or is located, organized or resident in a Designated Jurisdiction. Each Obligor and its Subsidiaries is in compliance with the Patriot Act. Borrower and each Subsidiary has conducted its business in accordance with applicable
anti-corruption laws and has instituted and maintained policies and procedures designed to promote and achieve compliance with such laws. 

9.1.25 Revolving Loan Documents. Agent has received true, correct and complete copies of the Closing Date Revolving Loan Agreement
Amendment and the other Revolving Loan Documents. None of the Revolving Loan Documents has been amended or supplemented, nor have any of the provisions thereof been waived, except pursuant to a written agreement or instrument which has heretofore
been delivered to Agent. 
 9.1.26 Designation as Senior Debt. All Obligations are designated as “Designated Senior
Indebtedness” or “Senior Debt” (or any other defined term having a similar purpose) under, and as defined in, any indenture or other agreement related to Subordinated Debt. 

  
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 9.1.27 Security Documents. The Guarantee and Collateral Agreement is effective to
create in favor of Agent, for the benefit of the Secured Parties, a valid and enforceable security interest in the Collateral described therein and proceeds thereof, to the extent contemplated by the Guarantee and Collateral Agreement. Subject to
Section 10.1.15, all actions have been taken or will be taken promptly following the Closing Date which are necessary to cause the Guarantee and Collateral Agreement to constitute, to the extent contemplated by the Guarantee and
Collateral Agreement and this Agreement, a fully perfected Lien on, and security interest in, all right, title and interest of Obligors in the Collateral and the proceeds thereof, as security for the Obligations, in each case prior and superior in
right to any other Person, except in the case of (a) Permitted Liens, to the extent any such Permitted Liens would have priority over the Liens in favor of Agent pursuant to any applicable law, or as otherwise permitted by this Agreement and
(b) Liens perfected only by possession or control (including possession of any certificate of title) to the extent Agent has not obtained or does not maintain possession or control of such Collateral. 

9.2 Accuracy of Information, Etc. None of the information, report, financial statement, exhibit or schedule (excluding the
projections, forecasts or other forward-looking information and financial information referred to below) furnished by or on behalf of Borrower to Agent or any Lender in connection with the negotiation of any Loan Document or included therein or
delivered pursuant thereto contained, contains or will contain as of the date the same was or is furnished any material misstatement of fact or omitted, omits or will omit to state any material fact necessary to make the statements therein, in the
light of the circumstances under which they were, are or will be made, not materially misleading; provided that, to the extent any such information, report, financial statement, exhibit or schedule was based upon or constitutes a forecast or
projection, Borrower represents and warrants only that such materials are based upon good faith estimates and assumptions believed by management to be reasonable at the time made, in light of the circumstances under which they were made and at the
time furnished (and based upon accounting principles consistent with the historical audited financial statements of Borrower), and due care in the preparation of such information, report, financial statement, exhibit or schedule (it being understood
that forecasts and projections are subject to uncertainties and that there can be no assurance such results will be achieved). 
 SECTION 10. COVENANTS
AND CONTINUING AGREEMENTS 
 10.1 Affirmative Covenants. As long as any Commitments or Obligations are outstanding, each
Obligor shall, and shall cause each Subsidiary to: 
 10.1.1 Inspections; Appraisals; Maintenance of Books and Records. 

(a) Permit Agent from time to time, subject (except when a Default or Event of Default exists) to reasonable prior notice and during normal
business hours, to visit and inspect the Properties of any Obligor or Subsidiary, inspect, audit and make extracts from any Obligor’s or Subsidiary’s books and records, and discuss with its officers, employees, agents, advisors and
independent accountants such Obligor’s or Subsidiary’s business, financial condition, assets, prospects and results of operations. Lenders may participate in any such visit or inspection, at their own expense. Neither Agent nor any Lender
shall have any duty to any Obligor to make any inspection, nor to share any results of any inspection, appraisal or report 

  
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with any Obligor. Obligors acknowledge that all inspections, appraisals and reports are prepared by Agent and Lenders for their purposes, and Obligors shall not be entitled to rely upon them.
Notwithstanding the foregoing, all examinations, appraisals and reports shall be subject to the limitations set forth in clause (b) below. 

(b) Agent shall be permitted to conduct, and shall be reimbursed by Borrower for all reasonable and documented charges, costs and expenses in
connection with (i) up to one time per Loan Year, business evaluations or other examinations, including examinations of any Obligor’s books and records or any other financial matters as Agent deems appropriate; and (ii) upon the
occurrence and during the continuation of a Default or Event of Default, up to one time per Loan Year, engaging the services of a third party firm acceptable to Agent for the purpose of performing a quality of earnings report; provided,
however, that if an evaluation or examination is initiated during a Default or Event of Default, all reasonable and documented charges, costs and expenses therefor shall be reimbursed by Borrower without regard to such limits. Borrower agrees
to pay Agent’s then standard charges for examination activities, including the standard charges of Agent’s internal examination and appraisal groups, as well as the charges of any third party used for such purposes. 

(c) Agent may, at any time
after March 31, 2019, engage the services of AAG, and AAG shall at all times thereafter be granted by Borrower and its Subsidiaries with full access to, and shall at all times thereafter have the right to audit, check and inspect, in each case,
subject to reasonable prior notice and during normal business hours, the books, records, audits, correspondence and all other papers relating to the operation of the business of Borrower and its Subsidiaries. All of the fees and out-of-pocket costs
and expenses of any engagement made, pursuant to this clause (c) shall be paid for when due, in full and without deduction, off-set or counterclaim by Borrower. 

(d) (c) Maintain proper books of record and account, in which
full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of Obligors and Subsidiaries. 

10.1.2 Financial and Other Information. Keep adequate records and books of account with respect to its business activities, in which
proper entries are made in accordance with GAAP reflecting all financial transactions; and furnish to Agent and Lenders: 
 (a) as soon as
available, and in any event within ninety (90) days after the close of each Fiscal Year, balance sheets as of the end of such Fiscal Year and the related statements of income, cash flow and shareholders’ equity for such Fiscal Year, on
consolidated and consolidating bases for Borrower and its Subsidiaries, which consolidated statements shall be audited and certified (without any “going concern” or like qualification or exception or any qualification or exception as to
scope of audit) by a firm of independent certified public accountants of recognized standing selected by Borrower and acceptable to Agent, and shall set forth in comparative form corresponding figures for the preceding Fiscal Year and other
information acceptable to Agent; 

  
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 (b) as soon as available, and in any event within forty-five (45) days after the end of
each of the first three Fiscal Quarters of each Fiscal Year (or, solely, with respect to the Fiscal Quarter ending September 28,
2019, within thirty (30) days after the end of such Fiscal Quarter), unaudited balance sheets as of the end of such month and the related statements of income and cash flow for such Fiscal Quarter and for the portion of the Fiscal Year then
elapsed, on consolidated and consolidating bases for Borrower and its Subsidiaries, setting forth in comparative form corresponding figures for the preceding Fiscal Year and certified by the chief financial officer of Borrower as prepared in
accordance with GAAP and fairly presenting the financial position and results of operations for such month and period, subject to normal year-end adjustments and the absence of footnotes; 

(c) as soon as available, and in any event within thirty (30) days after the end of each month (but within sixty (60) days after the
last month in a Fiscal Year), unaudited balance sheets as of the end of such month and the related statements of income and cash flow for such month and for the portion of the Fiscal Year then elapsed, on consolidated and consolidating bases for
Borrower and its Subsidiaries, setting forth in comparative form corresponding figures for the preceding Fiscal Year and certified by the chief financial officer of Borrower as prepared in accordance with GAAP and fairly presenting the financial
position and results of operations for such month and period, subject to normal year-end adjustments and the absence of footnotes; 
 (d)
concurrently with delivery of financial statements under clauses (a), (b) and (c) above, or more frequently if requested by Agent while a Default or Event of Default exists, a Compliance Certificate executed by a Senior Officer of
Borrower; 
 (e) concurrently with delivery of financial statements under clause (a) above, copies of all management letters and other
material reports submitted to Borrower by its accountants in connection with such financial statements; 
 (f) not later than thirty
(30) days after the end of each Fiscal Year, projections of Borrower’s consolidated balance sheets, results of operations, cash flow and Availability for the next Fiscal Year, month by month and for the next three (3) Fiscal Years,
year by year; 
 (g) at Agent’s request, a listing of Borrower’s trade payables, specifying the trade creditor and balance due, and
a detailed trade payable aging, all in form reasonably satisfactory to Agent; 
 (h) promptly after the sending or filing thereof, copies of
any proxy statements, financial statements or reports that Borrower has made generally available to its shareholders; copies of any regular, periodic and special reports or registration statements or prospectuses that Borrower files with the
Securities and Exchange Commission or any other Governmental Authority, or any securities exchange; and copies of any press releases or other statements made available by Borrower to the public concerning material changes to or developments in the
business of Borrower; 
 (i) promptly after the sending or filing thereof, copies of any annual report to be filed in connection with each
Plan or Foreign Plan; 
 (j) promptly, and in any event within five (5) Business Days after the execution thereof, copies of any notices
(including notices of default), amendments, waivers, consents, and forbearances delivered to, or received from, the Revolving Loan Agent under the Revolving Loan Facility; and 

  
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 (k) such other reports and information (financial or otherwise) as Agent may reasonably
request from time to time in connection with any Collateral or Borrower’s, or any Subsidiary’s or other Obligor’s financial condition or business. 

10.1.3 Notices. Notify Agent and Lenders in writing, promptly after any Senior Officer of Borrower obtains knowledge thereof, of any of
the following that affects an Obligor: (a) the threat or commencement of any proceeding or investigation, whether or not covered by insurance, if an adverse determination could reasonably be expected to have a Material Adverse Effect;
(b) any pending or threatened labor dispute, strike or walkout, or the expiration of any material labor contract; (c) any default under or termination of a Material Contract; (d) the existence of any Default or Event of Default;
(e) any judgment in an amount exceeding $1,000,000; (f) the assertion of any Intellectual Property Claim, if its resolution would reasonably be expected to have a Material Adverse Effect, (g) any violation or asserted violation of any
Applicable Law (including ERISA, OSHA, FLSA, or any Environmental Laws), for which an adverse resolution could reasonably be expected to have a Material Adverse Effect; (h) any Environmental Release by an Obligor or on any Property owned,
leased or occupied by an Obligor; or receipt of any Environmental Notice; (i) the occurrence of any ERISA Event; (j) the discharge of or any withdrawal or resignation by Borrower’s independent accountants; (k) any opening of a
new office or place of business, at least thirty (30) days prior to such opening; or (l) any other matter that could reasonably be expected to have a Material Adverse Effect. Each notice pursuant to this Section 10.1.3 shall be
accompanied by a statement of a Senior Officer setting forth details of the occurrence referred to therein and stating what action Borrower or the relevant Subsidiary proposes to take with respect thereto. 

10.1.4 Landlord and Storage Agreements. Upon request, provide Agent with copies of all existing agreements, and promptly after execution
thereof provide Agent with copies of all future agreements, between an Obligor and any landlord, warehouseman, processor, shipper, bailee or other Person that owns any premises at which any Collateral may be kept or that otherwise may possess or
handle any Collateral. 
 10.1.5 Compliance with Laws. Comply with all Applicable Laws, including ERISA, Environmental Laws, FLSA,
OSHA, Anti-Terrorism Laws, and laws regarding collection and payment of Taxes, and maintain all Governmental Approvals necessary to the ownership of its Properties or conduct of its business, unless failure to comply (other than failure to comply
with Anti-Terrorism Laws) or maintain could not reasonably be expected to have a Material Adverse Effect. Without limiting the generality of the foregoing, if any Environmental Release occurs at or on any Properties of any Obligor or Subsidiary, it
shall act promptly and diligently to investigate and report to Agent and all appropriate Governmental Authorities the extent of, and to make appropriate remedial action to eliminate, such Environmental Release, all to the extent required by
Environmental Laws, whether or not directed to do so by any Governmental Authority. 

  
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 10.1.6 Taxes and Payment of Obligations. Pay and discharge (a) all Taxes prior
to the date on which they become delinquent or penalties attach, unless such Taxes are being Properly Contested; (b) all lawful claims which, if unpaid, would by law become a Lien upon its Property; and (c) all Indebtedness, as and when
due and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such Indebtedness. 
 10.1.7
Insurance. In addition to the insurance required hereunder with respect to Collateral, maintain insurance with insurers (with a Best Rating of at least A7, unless otherwise approved by Agent) satisfactory to Agent, (a) with respect to
the Properties and business of Obligors and Subsidiaries of such type (including product liability, workers’ compensation, larceny, embezzlement, or other criminal misappropriation insurance), in such amounts, and with such coverages and
deductibles as are customary for companies similarly situated; and (b) business interruption insurance in an amount not less than $25,000,000, with deductibles and subject to an Insurance Assignment satisfactory to Agent. 

10.1.8 Licenses. Keep each License (other than as determined in its reasonable business judgment); at the end of each Fiscal Quarter,
notify Agent of any material proposed modification to, or termination (other than expiration by its terms) of, any such License, or entry into any new License. 

10.1.9 Maintenance of Existence. (a) Preserve, renew and maintain in full force and effect its legal existence and good standing
under the Applicable Laws of the jurisdiction of its organization except in a transaction permitted by Section 10.2.6 or 10.2.9; (b) take all reasonable action to maintain all rights, privileges, permits, licenses and
franchises necessary or desirable in the normal conduct of its business, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) preserve or renew all of its registered patents,
trademarks, trade names and service marks, the non-preservation of which could reasonably be expected to have a Material Adverse Effect. 

10.1.10 Maintenance of Properties. (a) Maintain, preserve and protect all of its material properties and equipment necessary in the
operation of its business in good working order and condition, ordinary wear and tear and abandonment excepted; and (b) make all necessary repairs thereto and renewals and replacements thereof, in each case, except where the failure to do so
could not reasonably be expected to have a Material Adverse Effect. 
 10.1.11 Material Contracts. Perform and observe all the terms
and provisions of each Material Contract to be performed or observed by it, maintain each such Material Contract in full force and effect, enforce each such Material Contract in accordance with its terms, take all such action to such end as may be
from time to time requested by Agent and, upon request of Agent, make to each other party to each such Material Contract such demands and requests for information and reports or for action as any Obligor or Subsidiary is entitled to make under such
Material Contract, and cause each of its Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

10.1.12 Designation as Senior Debt. Designate all Obligations as “Designated Senior Indebtedness” or “Senior Debt”
(or any other defined term having a similar purpose) under, and as defined in, any indenture or other agreement related to Subordinated Debt. 

  
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 10.1.13 Compliance with Terms of Leaseholds. Make all payments and otherwise perform
all obligations in respect of all leases of real property to which any Obligor or Subsidiary is a party, keep such leases in full force and effect and not allow such leases to lapse or be terminated or any rights to renew such leases to be forfeited
or cancelled, notify Agent of any default by any party with respect to such leases and cooperate with Agent in all respects to cure any such default, and cause each of its Subsidiaries to do so, except, in any case, where the failure to do so,
either individually or in the aggregate, could not be reasonably likely to have a Material Adverse Effect. 
 10.1.14 Future
Subsidiaries. (a) Promptly notify Agent upon any Person becoming a Subsidiary and, if such Person is not an Excluded Subsidiary, cause it to guaranty the Obligations in a manner satisfactory to Agent, (i) upon any Person becoming a
Subsidiary (other than an Excluded Subsidiary) or (ii) if any Subsidiary that was an Excluded Subsidiary but, as of the end of the most recently ended Fiscal Quarter, has ceased to be an Excluded Subsidiary; and (b) cause (i) the
Equity Interests of any such Subsidiary that is not a Foreign Subsidiary and is not described in clauses (e) or (f) of the definition of Excluded Subsidiary to be pledged to Agent and 65% of the voting Equity Interests and 100% of the
non-voting Equity Interests of any such Subsidiary that is a Foreign Subsidiary or any Subsidiary described in clause (f) of the definition of Excluded Subsidiary that, in each case, is not directly or indirectly owned by a Foreign Subsidiary
to be pledged to Agent; and (ii) such Person to execute a Guarantee and Collateral Agreement Supplement in accordance with the Guarantee and Collateral Agreement, and to execute and deliver such documents, instruments and agreements and to take
such other actions as Agent shall require to evidence and perfect a Lien in favor of Agent (for the benefit of Secured Parties) on all assets of such Person, including delivery of such legal opinions, in form and substance satisfactory to Agent, as
it shall deem appropriate. 
 10.1.15 Anti-Corruption Laws. Conduct its business in compliance with applicable anti-corruption laws
and maintain policies and procedures designed to promote and achieve compliance with such laws. 

10.1.16 Board Observation
Rights. Agent shall have the right to either (a) appoint a single observer to the governing body of Borrower (the “Board of Directors”) who shall be entitled to attend (or at the option of such observer, monitor by telephone) all
meetings of the Board of Directors (other than any portions of any meetings of the Board of Directors that constitute executive sessions or relate to this Agreement or which involve the exchange of privileged attorney-client information or work
product), but shall not be entitled to vote, or (b) receive all Board of Directors meeting materials, Board of Directors notices and other materials (in each case other than any portions of such reports or materials that contain confidential
information (including with respect to executive sessions) that relate to this Agreement or that contain attorney-client privileged information or work product) as and when provided to the members of the Board of Directors. To the extent Agent
elects to appoint an observer in accordance with this Section 10.1.16, Borrower shall reimburse Agent for a reasonable and documented out-of-pocket travel expenses incurred by any such observer in connection with attendance at or participation
in meetings to the extent consistent with Borrower’s policies of reimbursing directors generally for such expenses. 

  
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 10.1.16 <Post-Closing Covenants. Satisfy the requirements and/or provide to the
Agent each of the documents, instruments, agreements and information set forth below on or before the date specified for such requirement below or such later date to be determined by the Agent in its sole discretion:> 

(a) <On or before June 15, 2017, Borrower shall have delivered to Agent a filed copy of an amendment to Borrower’s Amended
and Restated Certificate of Incorporation, recently certified by the Secretary of State of Delaware and >in form and substance reasonably <acceptable to Agent, which deletes Article 7 thereof, and>

 (b) <On or before the 30th day after the Closing Date, Borrower shall have delivered to Agent evidence of the termination of
all security interests (other than security interests in favor of Agent or Bank of America) in any Intellectual Property registered or pending registration with the United States Copyright Office or the United States Patent and Trademark Office
owned by any Obligor or Subsidiary.> 
 10.2 Negative Covenants. As long as any Commitments or Obligations
are outstanding (other than unasserted contingent obligations not yet due and payable), Borrower shall not, and shall cause each Subsidiary not to: 

10.2.1 Permitted Indebtedness. Create, incur, guarantee or suffer to exist any Indebtedness, except the following (collectively,
“Permitted Indebtedness”): 
 (a) the Obligations (including Indebtedness in respect of the Delayed Draw Term Loans); 

(b) <Subordinated Debt in an aggregate principal amount not to exceed $5,000,000;> 

(b) (i) Subordinated
Debt incurred by Borrower after the Third Amendment Effective Date that has either (x) been immediately applied as a prepayment to the remaining installments of principal of the Term Loan in the inverse order of maturity (for the avoidance of
doubt, any amount that is due and payable on the Maturity Date shall constitute an installment), (y) been deposited into escrow with a third party escrow agent subject to an escrow agreement in form and substance reasonably satisfactory to
Agent and/or been set aside in a separate and segregated Deposit Account that is subject to a Deposit Account Control Agreement in favor of Agent and over which Agent has, subject to the Intercreditor Agreement, exclusive control, in either case,
which proceeds shall only be released to repay the Specified Unsecured Prepetition Debt on the final maturity date thereof, or (z) been applied as a prepayment of the Specified Unsecured Prepetition Debt prior to the final maturity date thereof
so long as, and only to the extent that, both immediately before and immediately after giving effect thereto the Payment Conditions are satisfied, and (ii) any additional Subordinated Debt in an aggregate principal amount not to exceed
$5,000,000 at any time; 
 (c) Permitted Purchase Money Debt and Capital Lease Obligations; provided that the aggregate amount of
all Indebtedness incurred under this clause (c) does not exceed $2,000,000 at any time; 

  
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 (d) (i) Indebtedness outstanding on the Closing Date, listed on Schedule 10.2.1
and (ii) Indebtedness under the Revolving Loan Facility (including any incremental facility thereunder), in an aggregate principal amount not to exceed the Maximum ABL Principal Obligations (as defined in the Intercreditor Agreement); 

(e) Indebtedness with respect to Bank Products (as defined in the Revolving Loan Facility) (or any such similar term) incurred in the Ordinary
Course of Business and not for speculative purposes; 
 (f) (i) unsecured Indebtedness of an Obligor or Subsidiary that is incurred on
the date of the consummation of a Permitted Acquisition or other acquisition of assets permitted hereunder solely for the purpose of consummating such Permitted Acquisition or such other acquisition so long as (A) no Event of Default has
occurred and is continuing or would result therefrom, (B) such unsecured Indebtedness is not incurred for working capital purposes, (C) such unsecured Indebtedness does not mature prior to the date that is six (6) months after the
Maturity Date, (D) such unsecured Indebtedness does not amortize until six (6) months after the Maturity Date, (E) such unsecured Indebtedness does not provide for the payment of interest thereon in cash or Cash Equivalents prior to
the date that is six (6) months after the Maturity Date, and (F) such Indebtedness is subordinated in right of payment to the Obligations on terms and conditions reasonably satisfactory to Agent, (ii) Indebtedness that is in existence
prior to the date when a Person becomes a Subsidiary or that is secured by Equipment when acquired by Borrower or a Subsidiary, in each case, as part of a Permitted Acquisition, as long as such Indebtedness was not incurred in contemplation of such
Person becoming a Subsidiary or such Permitted Acquisition; provided that for both clauses (i) and (ii), after giving effect to such Permitted Acquisition on a pro forma basis, the Net Senior Leverage Ratio is no greater than the Net
Senior Leverage Ratio in effect immediately prior to such Permitted Acquisition; 
 (g) Permitted Contingent Obligations (excluding Permitted
Surety Bonds); 
 (h) Indebtedness under Permitted Surety Bonds that does not exceed $20,000,000 in the aggregate at any time; 

(i) [Intentionally omitted]; 
 (j)
Specified Unsecured Prepetition Debt in an aggregate original principal amount (excluding accrued and unpaid interest thereon) not to exceed $24,500,000; 

(k) Refinancing Debt as long as each Refinancing Condition is satisfied; 

(l) Intercompany Indebtedness of Borrower and its Subsidiaries to the extent permitted by Section 10.2.5; provided that any
such Indebtedness that is owed by an Obligor to a Subsidiary that is not an Obligor is subordinated to the Obligations pursuant to an Affiliate Subordination Agreement; 

(m) financing of insurance premiums in the Ordinary Course of Business; 

(n) Indebtedness incurred in respect of credit cards, credit card processing services, debit cards, stored value cards, purchase cards
(including so-called “procurement cards” or “P-cards”), or cash management services, netting services, overdraft protection, and other like services, in each case incurred in the Ordinary Course of Business; 

  
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 (o) unsecured Indebtedness owing to former employees, officers or directors (or any spouses,
ex-spouses, or estates of any of the foregoing) incurred in connection with the repurchase by Borrower of the Equity Interests of Borrower that have been issued to such Persons, so long as (i) no Default or Event of Default has occurred and is
continuing or would result from the incurrence of such Indebtedness and (ii) the aggregate amount of all such Indebtedness outstanding at any one time does not exceed $500,000; provided that any such Indebtedness shall be treated as a
Distribution and only be permitted to the extent permitted pursuant to Section 10.2.4; 
 (p) accrual of interest, accretion or
amortization of original issue discount, or the payment of interest in kind, in each case on Indebtedness that otherwise constitutes Indebtedness permitted under this Section 10.2.1; 

(q) Indebtedness incurred by Subsidiaries that are not Obligors in an aggregate principal amount not to exceed $2,500,000; 

(r) to the extent constituting Indebtedness, customary purchase price adjustments, earn outs, indemnification obligations, unsecured guarantees
thereof and similar items of Borrower or any of its Subsidiaries in connection with Permitted Acquisitions, other acquisitions of assets permitted hereunder or Permitted Asset Dispositions; 

(s) Borrower and its Subsidiaries may enter into Hedging Agreements that are entered into in the Ordinary Course of Business and not for
speculative purposes; and 
 (t) Indebtedness that is not included in any of the preceding clauses of this Section 10.2.1, is not
secured by a Lien and does not exceed $5,000,000 in the aggregate at any time. 
 10.2.2 Permitted Liens. Create or suffer to exist
any Lien upon any of its Property, except the following (collectively, “Permitted Liens”): 
 (a) Liens in favor of Agent
for the benefit of the Secured Parties; 
 (b) Purchase Money Liens securing Permitted Purchase Money Debt; 

(c) Liens for Taxes not yet due or being Properly Contested; 

(d) statutory Liens (other than Liens for Taxes or imposed under ERISA) arising in the Ordinary Course of Business, but only if
(i) payment of the obligations secured thereby is not yet due or is being Properly Contested, and (ii) such Liens do not materially impair the value or use of the Property or materially impair operation of the business of Borrower or
Subsidiary; 
 (e) Liens incurred or deposits made in the Ordinary Course of Business to secure the performance of government tenders, bids,
contracts (other than Indebtedness), leases (other than Capital Leases), statutory obligations, surety and appeal bonds, performance bonds and other similar obligations, as long as such Liens are at all times junior to Agent’s Liens; 

  
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 (f) Liens arising in the Ordinary Course of Business that are subject to Lien Waivers; 

(g) judgment Liens securing judgments not constituting an Event of Default; 

(h) zoning restrictions, easements, rights-of-way, restrictions on use of real property, minor defects or irregularities of title and other
similar encumbrances that do not secure any monetary obligation incurred in the Ordinary Course of Business which do not interfere with the Ordinary Course of Business; 

(i) any interest or title or right of a lessor or sub-lessor under any lease or sub-lease entered into in the Ordinary Course of Business and
covering only the assets so leased; 
 (j) normal and customary rights of setoff upon deposits in favor of depository institutions, and Liens
of a collecting bank on Payment Items in the course of collection; 
 (k) Liens on assets of an Excluded Subsidiary that secures Permitted
Debt of such Excluded Subsidiary; 
 (l) Liens securing Revolving Loan Obligations and Refinancing Debt in respect thereof, so long as the
holders of such Revolving Loan Obligations or Indebtedness remain subject to the Intercreditor Agreement; 
 (m) Liens existing as of the
Closing Date and shown on Schedule 10.2.2 and any extensions or renewals thereof in connection with any Refinancing Debt with respect to such Indebtedness secured by such Liens; 

(n) pledges and deposits made in the Ordinary Course of Business in compliance with workmen’s compensation, unemployment insurance and
other social security laws and regulations; 
 (o) any license or sub-license entered into in the Ordinary Course of Business and not
interfering with such Obligor’s or its Subsidiaries’ conduct of its respective business, and the interest of any non-exclusive licensors under license agreements (including, for the avoidance of doubt, relating to Intellectual Property);

 (p) Liens arising from precautionary UCC financing statements filed in connection with operating leases; 

(q) Liens on cash earnest money deposits made in connection with Permitted Acquisitions or other acquisitions of assets permitted hereunder;

 (r) Liens granted in the Ordinary Course of Business on the unearned portion of insurance premiums securing the financing of insurance
premiums to the extent the financing is permitted under Section 10.2.1(o) hereof; 

  
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 (s) Liens in favor of customs and revenue authorities arising as a matter of law to secure
payment of customs duties not yet delinquent in connection with the importation of goods in the Ordinary Course of Business; and 
 (t) other
Liens securing liabilities (other than Borrowed Money) in an aggregate amount not to exceed $5,000,000 at any time outstanding. 
 10.2.3
Revolver Usage. Permit the aggregate amount of outstanding Revolving Loans to exceed $0 on (x) the last Saturday of December of each Fiscal Year and (y) each day during a sixty
(60) consecutive day period that includes the last Saturday of December of such Fiscal Year< (>;
provided, however, that clauses (x) and (y) shall not apply with respect to the Fiscal <Year>Years ending December 29,
2018<,> and December 28, 2019; provided further that (1) the aggregate amount of
outstanding Revolving Loans shall not exceed $0 each day during a fourteen (14) consecutive day period that begins on or after December 15, 2018 and ends on or before January 31,
2019<).>, and (2) with respect to the Fiscal Year Ending December 28, 2019, (A) if the Junior Capital Raise Satisfaction Event has not occurred on or prior
December 28, 2019, the aggregate amount of outstanding Revolving Loans shall not exceed $10,000,000 on (i) the last Saturday of December of such Fiscal Year and (ii) each day during a twenty (20) consecutive day period that
includes the last Saturday of December of such Fiscal Year, and (B) if the Junior Capital Raise Satisfaction Event has occurred on or prior December 28, 2019, the aggregate amount of outstanding Revolving Loans shall not exceed $0 on
(i) the last Saturday of December of such Fiscal Year and (ii) each day during a thirty-five (35) consecutive day period that includes the last Saturday of December of such Fiscal Year. 

10.2.4 Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments; or create or suffer to exist any
encumbrance or restriction on the ability of a Subsidiary to make any Upstream Payment, except for restrictions under the Loan Documents, under the Revolving Loan Documents, under Applicable Law or in effect on the Closing Date as shown on
Schedule 9.1.15. 
 10.2.5 Restricted Investments. Make any Restricted Investment. 

10.2.6 Disposition of Assets. Make any Asset Disposition, except a Permitted Asset Disposition, a disposition of Equipment under
Section 8.4.2, or a transfer of Property by a Subsidiary or Obligor to Borrower. 
 10.2.7 Capital Expenditures. Make
Capital Expenditures (a) in excess of $<21,000,000>12,500,000 in the aggregate during <Fiscal Year
2017>the four (4) consecutive Fiscal Quarter period ending on March 30, 2019; (b) in excess of
$<19,000,000>12,500,000 in the aggregate during <Fiscal Year 2018>the four
(4) consecutive Fiscal Quarter period ending on June 29, 2019; (c) in excess of $<17,000,000>12,500,000 in the aggregate during <Fiscal
Year 2019>the four (4) consecutive Fiscal Quarter period ending on September 28, 2019; and (d) in excess of
$<15,000,000>10,000,000 in the aggregate during the <remaining Fiscal Years during the term of this Agreement; provided, however, that if the amount of
Capital Expenditures permitted to be made in any Fiscal Year exceeds the amount actually made, up to $4,000,000 of such excess may be carried forward to the next Fiscal Year.>four
(4) consecutive Fiscal Quarter period ending on December 28, 2019. 

  
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 10.2.8 Restrictions on Payment of Certain Debt. Make any payments (whether voluntary
or mandatory, or a prepayment, redemption, retirement, defeasance or acquisition) with respect to any Indebtedness, except: 
 (a) regularly
scheduled payments of principal, interest and fees, but if such Indebtedness is Subordinated Debt, only to the extent permitted under any subordination agreement relating to such Indebtedness (and a Senior Officer of Borrower shall certify to Agent,
not less than five (5) Business Days prior to the date of payment, that all conditions under such agreement have been satisfied); 
 (b)
any prepayment in respect of such Indebtedness so long as the Payment Conditions are satisfied; 
 (c) any prepayments in connection with any
refinancing of Indebtedness otherwise permitted hereunder so long as the Refinancing Conditions are satisfied with respect to such Refinancing Debt; 

(d) any payments upon conversion of any such Indebtedness into common stock of Borrower made solely in common stock of Borrower, in each case
in connection with such conversion; and 
 (e) payments in respect of the Revolving Loan Obligations. 

10.2.9 Fundamental Changes. 

(a) Merge, combine or consolidate with any Person, or liquidate or wind up or dissolve itself (or suffer any liquidation or dissolution), or
sell, lease, assign, transfer or otherwise dispose of, all or substantially all of its Property, business or assets, whether in a single transaction or in a series of related transactions, except for (i) mergers or consolidations of a
wholly-owned Subsidiary with another wholly-owned Subsidiary; provided that if any party to any such transaction is Borrower, the surviving entity of such transaction shall be Borrower; and if any party to any such transaction is an Obligor
that is not Borrower, the surviving entity of such transaction shall be an Obligor; (ii) mergers or consolidations of a wholly-owned Subsidiary into Borrower; (iii) sales, leases, transfers or other dispositions by a Subsidiary (the
“Transferring Subsidiary”) of any or all of its assets (upon voluntary liquidation, winding up or dissolution (which shall be permitted so long as such Subsidiary’s assets are disposed of in accordance with this clause (iii))
or otherwise) to any other Subsidiary; provided that if such Transferring Subsidiary is a Subsidiary Guarantor, such sale, lease, transfer or disposition shall be to an Obligor and if such Transferring Subsidiary is a Subsidiary of Borrower, such
sale, lease, transfer or disposition shall be to Borrower; and (iv) Permitted Acquisitions. 
 (b) Solely in the case of an Obligor,
change its name or conduct business under any fictitious name; change its tax, charter or other organizational identification number; change its form or state of organization, except in each case under this clause (b) if (I) such Obligor
shall have given Agent ten (10) Business Days prior written notice thereof and (II) Agent shall have taken all steps reasonably deemed necessary by Agent to maintain the validity, enforceability, perfection and priority of Agent’s
security interest in the Collateral of such Obligor, and Obligor shall have executed and delivered such documents, instruments and agreements requested by Agent in connection therewith. 

  
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 10.2.10 Subsidiaries. Form or acquire any Subsidiary after the Closing Date, except
in accordance with Sections 10.1.14, 10.2.5 and 10.2.9; or permit any existing Subsidiary to issue any additional Equity Interests except directors’ qualifying shares. 

10.2.11 Organic Documents. Amend, modify or otherwise change any of its Organic Documents, except in connection with a transaction
permitted under Section 10.2.9 or the deletion of Section 7 of the Amended and Restated Certificate of Incorporation of the Borrower. 

10.2.12 Tax Consolidation. File or consent to the filing of any consolidated income tax return with any Person other than Borrower and
Subsidiaries. 
 10.2.13 Accounting Changes. Make any material change in accounting treatment or reporting practices, except as
required by GAAP and in accordance with Section 1.2; or change its Fiscal Year. 
 10.2.14 Restrictive Agreements. Become
a party to any Restrictive Agreement, except a Restrictive Agreement (a) in effect on the Closing Date; (b) relating to secured Indebtedness permitted hereunder, as long as the restrictions apply only to collateral for such Indebtedness;
(c) constituting customary restrictions on assignment in leases and other contracts; or (d) the Revolving Loan Documents (together with any refinancings, renewals, replacements or extensions thereof; provided that the Refinancing
Conditions are satisfied and the restrictions contained in the Refinancing Debt are no more restrictive than those contained in the agreements governing the Indebtedness being refinanced). 

10.2.15 Hedging Agreements. Enter into any Hedging Agreement, except to hedge risks arising in the Ordinary Course of Business and not
for speculative purposes. 
 10.2.16 Conduct of Business. Engage in any business, other than its business as conducted on the Closing
Date and any activities incidental thereto. 
 10.2.17 Affiliate Transactions. Enter into or be party to any transaction with an
Affiliate, except (a) transactions expressly permitted by the Loan Documents; (b) payment of reasonable compensation to officers and employees for services actually rendered, and payment of customary directors’ fees and indemnities;
(c) transactions solely among Obligors; (d) transactions with Affiliates consummated prior to the Closing Date, as shown on Schedule 10.2.17; or (e) transactions with Affiliates in the Ordinary Course of Business, upon fair and
reasonable terms fully disclosed to Agent and no less favorable than would be obtained in a comparable arm’s-length transaction with a non-Affiliate. 

10.2.18 Plans. Become party to any Multiemployer Plan or Foreign Plan, other than any in existence on the Closing Date or establish any
defined benefit plan. 

  
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 10.2.19 Amendments to Debt. 

(a) Amend, supplement or otherwise modify any document, instrument or agreement relating to any Subordinated Debt, if such modification
(i) increases the principal balance of such Indebtedness, or increases any required payment of principal or interest; (ii) accelerates the date on which any installment of principal or any interest is due, or adds any additional
redemption, put or prepayment provisions; (iii) shortens the final maturity date or otherwise accelerates amortization; (iv) increases the interest rate; (v) increases or adds any fees or charges; (vi) modifies any covenant in a
manner or adds any representation, covenant or default that is more onerous or restrictive in any material respect for Borrower or any Subsidiary, or that is otherwise materially adverse to Borrower, any Subsidiary or Lenders; or (vii) results
in the Obligations not constituting “Designated Senior Indebtedness” or “Senior Debt” (or any other defined term having a similar purpose) under, and as defined in, any indenture or other agreement related to such Subordinated
Debt, or otherwise not being fully benefited by the subordination provisions thereof. 
 (b) Amend, supplement or otherwise modify any of the
Revolving Loan Documents or Term Loan Facility, if such modification would contravene the provisions of the Intercreditor Agreement. 
 (c)
Amend, supplement or otherwise modify any document, instrument or agreement relating to the Specified Unsecured Prepetition Debt, if such modification shortens the final maturity or decreases the weighted average life thereof. 

10.2.20 Term Priority Collateral Account. Deposit any proceeds of Term Priority Collateral in any Deposit Account other than the Term
Priority Collateral Account. 
 10.3 Financial Covenants. 

10.3.1 Fixed Charge Coverage Ratio. <Maintain>Commencing
with the Fiscal Quarter ending December 28, 2019, maintain as of the end of each Fiscal Quarter, a Fixed Charge Coverage Ratio of not less than <the ratio set forth
below>1.25:1.0 for each four (4) consecutive Fiscal Quarter period then ended< set forth
below:>. 

10.3.2 Net Senior Leverage
Ratio. Commencing with the Fiscal Quarter ending March 30, 2019, maintain as of the end of each Fiscal Quarter, a Net Senior Leverage Ratio of not greater than the applicable ratio set forth below for each four (4) consecutive Fiscal
Quarter period then ended set forth below: 

  
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	 Applicable Ratio
	  	 Applicable Period

			
	For the Four (4) Consecutive Fiscal Quarter Periods Ending	  	 <1.25:1.0>If the Junior Capital Raise Satisfaction Event has
not occurred on or prior to the end of the applicable Fiscal Quarter:
  

Ratio
	  	 <For the four (4) consecutive Fiscal Quarter periods ending December 29, 2018, March 30, 2019 and June 29,
2019>If the Junior Capital Raise Satisfaction Event has occurred on or prior to the end of the applicable Fiscal Quarter:

 
 Ratio

			
	March 30, 2019	  	<1.35>5.70:1.0	  	<For the four (4) consecutive Fiscal Quarter period ending September 28 2019>5.70:1.0
			
	June 29, 2019	  	5.50:1.0	  	5.50:1.0
			
	September 28, 2019	  	4.20:1.0	  	4.00:1.0
			
	December 28, 2019	  	4.40:1.0	  	4.00:1.0
			
	March 28, 2020	  	<1.4>4.15:1.0	  	<For the four (4) consecutive Fiscal Quarter period ending December 28 2019>3.75:1.0
			
	June 27, 2020	  	4.00:1.0	  	3.75:1.0
			
	September 26, 2020	  	<1.50>3.75:1.0	  	<For the four (4) consecutive Fiscal Quarter periods ending March 28, 2020, June 27, 2020 and September 26,
2020>3.50:1.0
			
	December 26, 2020	  	3.75:1.0	  	3.50:1.0
			
	March 27, 2021	  	<1.55>3.50:1.0	  	<For the four (4) consecutive Fiscal Quarter periods ending December 26, 2020 and March 27, 2021>3.25:1.0
			
	June 26, 2021	  	3.50:1.0	  	3.25:1.0
			
	September 25, 2021	  	3.25:1.0	  	3.00:1.0
			
	December 25, 2021 and the last day of each Fiscal Quarter thereafter	  	<1.6>3.00:1.0	  	<For the four (4) consecutive Fiscal Quarter periods ending June 26, 2021, September 25, 2021, December 25, 2021and March 26,
2022>2.75:1.0

  
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 10.3.3 10.3.2 <Net
Senior Leverage Ratio. Maintain>Minimum EBITDA. Commencing with the Fiscal Quarter ending March 31, 2019, maintain as of the end of each Fiscal Quarter, a Net
Senior Leverage Ratio EBITDA of not <greater>less than the
<ratio>applicable amount set forth below for each four (4) consecutive Fiscal Quarter period then ended set forth below: 

 

							
	 Applicable Ratio
	  	 Applicable
Period

				
	4.00:1.0	  	 <For the four (4) consecutive Fiscal Quarter periods ending July 1, 2017, September 30,
2017, December 30, 2017, March 31, 2018, June 30, 2018, September 29, 2018 and December 29, 2018>

Fiscal Quarter Ending
	  	 If the Junior Capital Raise Satisfaction Event has not occurred on or prior to the
end of the applicable Fiscal Quarter:
 Minimum EBITDA
	  	 If the Junior Capital Raise Satisfaction Event has occurred on or prior to the end of
the applicable Fiscal Quarter:
 Minimum EBITDA

				
		  	March 30, 2019	  	$28,000,000	  	$28,000,000
				
		  	June 29, 2019	  	$28,900,000	  	$28,900,000
				
		  	September 28, 2019	  	$39,000,000	  	$35,000,000
				
	3.75:1.0	  	<For the four (4) consecutive Fiscal Quarter periods ending March 30, 2019, June 29, 2019, September 28, 2019 and >December 28, 2019	  	$42,000,000	  	$39,100,000
				
		  	March 28, 2020	  	$43,000,000	  	$40,000,000
				
		  	June 27, 2020	  	$43,000,000	  	$40,000,000
				
		  	September 26, 2020	  	$43,000,000	  	$40,000,000
				
	3.25:1.0	  	<For the four (4) consecutive Fiscal Quarter periods ending March 28, 2020, June 27, 2020, September 26, 2020 and >December 26, 2020	  	$43,000,000	  	$40,000,000
				
	2.75:1.0	  	<For the four (4) consecutive Fiscal Quarter periods ending >March 27, <2021, June 26, 2021, September 25, 2021 and December 25, >2021	  	$43,000,000	  	$40,000,000
				
	2.50:1.0	  	<For the four (4) consecutive Fiscal Quarter period ending March>June 26,
<2022>2021	  	$43,000,000	  	$40,000,000
				
		  	September 25, 2021	  	$43,000,000	  	$40,000,000
			
	December 25, 2021 and the last day of each Fiscal Quarter thereafter	  	$43,000,000	  	$40,000,000

  
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 10.3.4
Minimum Availability. Maintain at all times, on and after the Third Amendment Effective Date, Specified Availability (as defined in the Revolving Loan Agreement on the Third Amendment Effective
Date) in an amount of not less than the greater of (x) $12,500,000 and (y) 10% of the Commitments (as defined in the Revolving Loan Agreement on the Third Amendment Effective Date). 

SECTION 11. EVENTS OF DEFAULT; REMEDIES ON DEFAULT 

11.1 Events of Default. Each of the following shall be an “Event of Default” if it occurs for any reason
whatsoever, whether voluntary or involuntary, by operation of law or otherwise: 
 (a) Borrower fails to pay its Obligations when due
(whether at stated maturity, on demand, upon acceleration or otherwise); 
 (b) Any representation, warranty or other written statement of an
Obligor made in connection with any Loan Documents or transactions contemplated thereby is incorrect or misleading in any material respect when given; 

(c) An Obligor breaches or fail to perform any covenant contained in Section 2.5, 8.1, 8.2.4, 8.2.5,
8.5, 8.6.2, 10.1.1, 10.1.2, 10.1.16, 10.2 or 10.3; 
 (d) An Obligor breaches or fails to
perform any other covenant contained in any Loan Documents, and such breach or failure is not cured within thirty (30) days after a Senior Officer of such Obligor has knowledge thereof or receives written notice thereof from Agent, whichever is
sooner; provided, however, that such notice and opportunity to cure shall not apply if the breach or failure to perform is not capable of being cured within such period or is a willful breach by an Obligor; 

(e) A Guarantor repudiates, revokes or attempts to revoke its Guaranty; an Obligor or third party denies or contests the validity or
enforceability of any Loan Documents or Obligations, or the perfection or priority of any Lien granted to Agent; or any Loan Document ceases to be in full force or effect for any reason (other than a waiver or release by Agent and Lenders); 

(f) Any breach or default of an Obligor occurs under (i) any Hedging Agreement with a net amount payable in excess of $2,500,000;
(ii) any instrument or agreement to which it is a party or by which it or any of its Properties is bound, relating to any Indebtedness (other than the Obligations) in excess of $2,500,000, if the maturity of or any payment with respect to such
Indebtedness may be accelerated or demanded due to such breach, in the case of clause (i) and (ii) after giving effect to any applicable grace periods; or (iii) any “Event of Default” under and as defined in the Revolving
Loan Facility or any refinancing thereof; 

  
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 (g) Any judgment or order for the payment of money is entered against an Obligor in an
amount that exceeds, individually or cumulatively with all unsatisfied judgments or orders against all Obligors, $5,000,000 (net of insurance coverage therefor that has not been denied by the insurer), unless a stay of enforcement of such judgment
or order is in effect, by reason of a pending appeal or otherwise; 
 (h) A loss, theft, damage or destruction occurs with respect to any
Collateral if the amount not covered by insurance exceeds $2,500,000; 
 (i) An Obligor is enjoined, restrained or in any way prevented by
any Governmental Authority from conducting any material part of its business; an Obligor suffers the loss, revocation or termination of any material license, permit, lease or agreement necessary to its business; there is a cessation of any material
part of an Obligor’s business for a material period of time; any material Collateral or Property of an Obligor is taken or impaired through condemnation; an Obligor agrees to or commences any liquidation, dissolution or winding up of its
affairs except as expressly permitted by Section 10.2.9; 
 (j) An Insolvency Proceeding is commenced by an Obligor; an Obligor
makes an offer of settlement, extension or composition to its unsecured creditors generally; a trustee is appointed to take possession of any substantial Property of or to operate any of the business of an Obligor; or an Insolvency Proceeding is
commenced against an Obligor and: such Obligor consents to institution of the proceeding, the petition commencing the proceeding is not timely contested by such Obligor, the petition is not dismissed within thirty (30) days after filing, or an
order for relief is entered in the proceeding; 
 (k) (A) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan;
(B) an Obligor or ERISA Affiliate fails to pay when due any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan; or (C) any event similar to the foregoing occurs or
exists with respect to a Foreign Plan, that in each of clauses (A) through (C), has resulted or would reasonably be expected to result in a Material Adverse Effect; or 

(l) A Change of Control occurs. 

11.2 Remedies upon Default. If an Event of Default described in Section 11.1(j) occurs with respect to Borrower, then
to the extent permitted by Applicable Law, all Obligations shall become automatically due and payable and all Commitments shall terminate, without any action by Agent or notice of any kind. In addition, or if any other Event of Default exists, Agent
may in its discretion (and shall upon written direction of Required Lenders) do any one or more of the following from time to time: 

  
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 (a) declare any Obligations immediately due and payable, whereupon they shall be due and
payable without diligence, presentment, demand, protest or notice of any kind, all of which are hereby waived by Borrower to the fullest extent permitted by law; 

(b) terminate, reduce or condition any Commitment; 

(c) require Obligors to Cash Collateralize their Obligations that are contingent or not yet due and payable; and 

(d) exercise any other rights or remedies afforded under any agreement, by law, at equity or otherwise, including the rights and remedies of a
secured party under the UCC. Such rights and remedies include the rights to (i) take possession of any Collateral; (ii) require Borrower to assemble Collateral, at Borrower’s expense, and make it available to Agent at a place
designated by Agent; (iii) enter any premises where Collateral is located and store Collateral on such premises until sold (and if the premises are owned or leased by Borrower, Borrower agrees not to charge for such storage); and (iv) sell
or otherwise dispose of any Collateral in its then condition, or after any further manufacturing or processing thereof, at public or private sale, with such notice as may be required by Applicable Law, in lots or in bulk, at such locations, all as
Agent, in its discretion, deems advisable. Borrower agrees that ten (10) days’ notice of any proposed sale or other disposition of Collateral by Agent shall be reasonable and that any sale conducted on the internet or to a licensor of
Intellectual Property shall be commercially reasonable. Agent may conduct sales on any Obligor’s premises, without charge, and any sale may be adjourned from time to time in accordance with Applicable Law. Agent shall have the right to sell,
lease or otherwise dispose of any Collateral for cash, credit or any combination thereof, and Agent may purchase any Collateral at public or, if permitted by law, private sale and, in lieu of actual payment of the purchase price, may credit bid and
set off the amount of such price against the Obligations. 
 11.3 License . For purpose of enabling Agent to exercise rights
and remedies under this Agreement and the other Loan Documents at such time as Agent shall lawfully be entitled to exercise such rights and remedies, each Obligor hereby grants to Agent an irrevocable, non-exclusive license, sub-license or other
right to use, license or sub-license and otherwise exploit (without payment of royalty or other compensation to any Person) any or all Intellectual Property owned by Obligors; provided, however, that such license (i) shall be
subject to those exclusive licenses granted by Obligors in effect on the date hereof and those granted by any Obligor hereafter, to the extent conflicting, (ii) may be exercised, at the option of Agent, only upon the occurrence and during the
continuation of an Event of Default, provided, further, that any license, sublicense or other transaction entered into by Agent in accordance herewith shall be binding upon Obligor notwithstanding any subsequent cure of an Event of Default and
(iii) shall apply to the use of the trademarks or service marks in connection with goods and services of similar type and quality to those theretofore sold by such Obligor under such trademark or service mark. The foregoing license or
sublicense shall include access to all media in which any of the licensed or sublicensed items may be recorded or stored and to all computer programs used for the compilation or printout thereof, subject to and solely to the extent permitted by any
existing licenses or agreements relating thereto. 

  
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 11.4 Setoff. At any time during an Event of Default, Agent, Lenders, and any
of their Affiliates are authorized, to the fullest extent permitted by Applicable Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations
(in whatever currency) at any time owing by Agent, such Lender or such Affiliate to or for the credit or the account of an Obligor against its Obligations, whether or not Agent, such Lender or such Affiliate shall have made any demand under this
Agreement or any other Loan Document and although such Obligations may be contingent or unmatured or are owed to a branch or office of Agent, such Lender or such Affiliate different from the branch or office holding such deposit or obligated on such
indebtedness. The rights of Agent, each Lender and each such Affiliate under this Section 11.4 are in addition to other rights and remedies (including other rights of setoff) that such Person may have. 

11.5 Remedies Cumulative; No Waiver. 

11.5.1 Cumulative Rights. All agreements, warranties, guaranties, indemnities and other undertakings of Obligors under the Loan
Documents are cumulative and not in derogation of each other. The rights and remedies of Agent and Lenders under the Loan Documents are cumulative, may be exercised at any time and from time to time, concurrently or in any order, and are not
exclusive of any other rights or remedies available by agreement, by law, at equity or otherwise. All such rights and remedies shall continue in full force and effect until Full Payment of all Obligations. 

11.5.2 Waivers. No waiver or course of dealing shall be established by (a) the failure or delay of Agent or any Lender to require
strict performance by any Obligor under any Loan Document, or to exercise any rights or remedies with respect to Collateral or otherwise; (b) the making of any Loan during a Default, Event of Default or other failure to satisfy any conditions
precedent; or (c) acceptance by Agent or any Lender of any payment or performance by an Obligor under any Loan Documents in a manner other than that specified therein. Any failure to satisfy a financial covenant on a measurement date shall not
be cured or remedied by satisfaction of such covenant on a subsequent date. 
 SECTION 12. AGENT 

12.1 Appointment, Authority and Duties of Agent. 

12.1.1 Appointment and Authority. Each Secured Party appoints and designates TCW as Agent under all Loan Documents. Agent may, and each
Secured Party authorizes Agent to, enter into all Loan Documents to which Agent is intended to be a party and accept all Security Documents. Any action taken by Agent in accordance with the provisions of the Loan Documents, and the exercise by Agent
of any rights or remedies set forth therein, together with all other powers reasonably incidental thereto, shall be authorized by and binding upon all Secured Parties. Without limiting the generality of the foregoing, Agent shall have the sole and
exclusive authority to (a) act as the disbursing and collecting agent for Lenders with respect to all payments and collections arising in connection with the Loan Documents; (b) execute and deliver as Agent each Loan Document, including
the Intercreditor Agreement and any other intercreditor or subordination agreement, and accept delivery of each Loan 

  
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Document; (c) act as collateral agent for Secured Parties for purposes of perfecting and administering Liens under the Loan Documents, and for all other purposes stated therein;
(d) manage, supervise or otherwise deal with Collateral; and (e) take any Enforcement Action or otherwise exercise any rights or remedies with respect to any Collateral or under any Loan Documents, Applicable Law or otherwise. Agent alone
shall be authorized to determine eligibility and applicable advance rates under the Borrowing Base, whether to impose or release any reserve, or whether any conditions to funding have been satisfied, which determinations and judgments, if exercised
in good faith, shall exonerate Agent from liability to any Secured Party or other Person for any error in judgment. 
 12.1.2 Duties.
The title of “Agent” is used solely as a matter of market custom and the duties of Agent are administrative in nature only. Agent has no duties except those expressly set forth in the Loan Documents, and in no event does Agent have any
agency, fiduciary or implied duty to or relationship with any Secured Party or other Person by reason of any Loan Document or related transaction. The conferral upon Agent of any right shall not imply a duty to exercise such right, unless instructed
to do so by Lenders in accordance with this Agreement. 
 12.1.3 Agent Professionals. Agent may perform its duties through agents and
employees. Agent may consult with and employ Agent Professionals, and shall be entitled to act upon, and shall be fully protected in any action taken in good faith reliance upon, any advice given by an Agent Professional. Agent shall not be
responsible for the negligence or misconduct of any agents, employees or Agent Professionals selected by it with reasonable care. 
 12.1.4
Instructions of Required Lenders. The rights and remedies conferred upon Agent under the Loan Documents may be exercised without the necessity of joining any other party, unless required by Applicable Law. In determining compliance with a
condition for any action hereunder, including satisfaction of any condition in Section 6, Agent may presume that the condition is satisfactory to a Secured Party unless Agent has received notice to the contrary from such Secured Party
before Agent takes the action. Agent may request instructions from Required Lenders or other Secured Parties with respect to any act (including the failure to act) in connection with any Loan Documents or Collateral, and may seek assurances to its
satisfaction from Secured Parties of their indemnification obligations against Claims that could be incurred by Agent. Agent may refrain from any act until it has received such instructions or assurances, and shall not incur liability to any Person
by reason of so refraining. Instructions of Required Lenders shall be binding upon all Secured Parties, and no Secured Party shall have any right of action whatsoever against Agent as a result of Agent acting or refraining from acting pursuant to
instructions of Required Lenders. Notwithstanding the foregoing, instructions by and consent of specific parties shall be required to the extent provided in Section 14.1.1. In no event shall Agent be required to take any action that it
determines in its discretion is contrary to Applicable Law or any Loan Documents or could subject any Agent Indemnitee to liability. 
 12.2
Agreements Regarding Collateral and Borrower Materials. 
 12.2.1 Lien Releases; Care of Collateral. Secured Parties
authorize Agent to release any Lien with respect to any Collateral (a) upon Full Payment of the Obligations; (b) that is the subject of a disposition or Lien that Borrower certifies in writing is a Permitted Asset

  
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Disposition or Permitted Lien entitled to priority over Agent’s Liens (and Agent may rely conclusively on any such certificate without further inquiry); (c) that does not constitute a
material part of the Collateral; or (d) subject to Section 14.1, with the consent of Required Lenders. Secured Parties authorize Agent to subordinate its Liens to any Purchase Money Lien or other Lien entitled to priority hereunder.
Agent has no obligation to assure that any Collateral exists or is owned by an Obligor, or is cared for, protected or insured, nor to assure that Agent’s Liens have been properly created, perfected or enforced, or are entitled to any particular
priority, nor to exercise any duty of care with respect to any Collateral. 
 12.2.2 Possession of Collateral. Agent and Secured
Parties appoint each Lender as agent (for the benefit of Secured Parties) for the purpose of perfecting Liens in any Collateral held or controlled by such Lender, to the extent such Liens are perfected by possession or control. If any Lender obtains
possession or control of any Collateral, it shall notify Agent thereof and, promptly upon Agent’s request, deliver such Collateral to Agent or otherwise deal with it in accordance with Agent’s instructions. 

12.2.3 Reports. Agent shall promptly provide to Lenders, when complete, any examination or report prepared for Agent with respect to any
Obligor (“Report”). Reports and other Borrower Materials may be made available to Lenders by providing access to them on the Platform, but Agent shall not be responsible for system failures or access issues that may occur from time
to time. Each Lender agrees (a) that Reports are not intended to be comprehensive examinations or reports, and that Agent or any other Person performing an examination or report will inspect only limited information and will rely significantly
upon Borrower’s books, records and representations; (b) that Agent makes no representation or warranty as to the accuracy or completeness of any Borrower Materials and shall not be liable for any information contained in or omitted from
any Borrower Materials, including any Report; and (c) to keep all Borrower Materials confidential and strictly for such Lender’s internal use, not to distribute any Report or other Borrower Materials (or the contents thereof) to any Person
(except to such Lender’s Participants, attorneys and accountants), and to use all Borrower Materials solely for administration of the Obligations. Each Lender shall indemnify and hold harmless Agent and any other Person preparing a Report from
any action such Lender may take as a result of or any conclusion it may draw from any Borrower Materials, as well as from any Claims arising as a direct or indirect result of Agent furnishing same to such Lender, via the Platform or otherwise. 

12.3 Reliance By Agent. Agent shall be entitled to rely, and shall be fully protected in relying, upon any certification, notice
or other communication (including those by telephone, telex, telegram, telecopy or e-mail) believed by it to be genuine and correct and to have been signed, sent or made by the proper Person. Agent shall have a reasonable and practicable amount of
time to act upon any instruction, notice or other communication under any Loan Document, and shall not be liable for any delay in acting. 

12.4 Action Upon Default. Agent shall not be deemed to have knowledge of any Default or Event of Default, or of any failure to
satisfy any conditions in Section 6, unless it has received written notice from Borrower or Required Lenders specifying the occurrence and nature thereof. If any Lender acquires knowledge of a Default, Event of Default or failure of such
conditions, it shall promptly notify Agent and the other Lenders thereof in writing. Each Secured Party agrees that, except as otherwise provided in any Loan Documents or with the written consent of Agent and Required Lenders, it will not take any
Enforcement Action, accelerate Obligations or assert any rights relating to any Collateral. 

  
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 12.5 Ratable Sharing. If any Lender obtains any payment or reduction of any
Obligation, whether through set-off or otherwise, in excess of its ratable share of such Obligation, such Lender shall forthwith purchase from Secured Parties participations in the affected Obligation as are necessary to share the excess payment or
reduction on a pro rata basis or in accordance with Section 5.5.2, as applicable. If any of such payment or reduction is thereafter recovered from the purchasing Lender, the purchase shall be rescinded and the purchase price restored to
the extent of such recovery, but without interest. Notwithstanding the foregoing, if a Defaulting Lender obtains a payment or reduction of any Obligation, it shall immediately turn over the full amount thereof to Agent for application under
Section 4.2.2 and it shall provide a written statement to Agent describing the Obligation affected by such payment or reduction. No Lender shall set off against a Dominion Account without Agent’s prior consent. 

12.6 Indemnification. EACH SECURED PARTY SHALL INDEMNIFY AND HOLD HARMLESS AGENT INDEMNITEES, TO THE EXTENT NOT REIMBURSED BY
OBLIGORS, ON A PRO RATA BASIS, AGAINST ALL CLAIMS THAT MAY BE INCURRED BY OR ASSERTED AGAINST ANY SUCH INDEMNITEE; PROVIDED THAT ANY CLAIM AGAINST AN AGENT INDEMNITEE RELATES TO OR ARISES FROM ITS ACTING AS OR FOR AGENT (IN THE CAPACITY OF
AGENT); PROVIDED FURTHER THAT NO SECURED PARTY SHALL HAVE ANY OBLIGATION TO INDEMNIFY ANY AGENT INDEMNITEE HEREUNDER TO THE EXTENT THAT SUCH CLAIM IS DETERMINED IN A FINAL, NON-APPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION
TO RESULT FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH AGENT INDEMNITEE. In Agent’s discretion, it may reserve for any Claims made against an Agent Indemnitee, and may satisfy any judgment, order or settlement relating thereto, from
proceeds of Collateral prior to making any distribution of Collateral proceeds to Secured Parties. If Agent is sued by any receiver, trustee or other Person for any alleged preference or fraudulent transfer, then any monies paid by Agent in
settlement or satisfaction of such proceeding, together with all interest, costs and expenses (including attorneys’ fees) incurred in the defense of same, shall be promptly reimbursed to Agent by each Secured Party to the extent of its pro rata
share. 
 12.7 Limitation on Responsibilities of Agent. Agent shall not be liable to any Secured Party for any action taken or
omitted to be taken under the Loan Documents, except for losses directly and solely caused by Agent’s gross negligence or willful misconduct. Agent does not assume any responsibility for any failure or delay in performance or any breach by any
Obligor, Lender or other Secured Party of any obligations under the Loan Documents. Agent does not make any express or implied representation, warranty or guarantee to Secured Parties with respect to any Obligations, Collateral, Liens, Loan
Documents or Obligor. No Agent Indemnitee shall be responsible to Secured Parties for any recitals, statements, information, representations or warranties contained in any Loan Documents or Borrower Materials; the execution, validity, genuineness,
effectiveness or enforceability of any Loan Documents; the genuineness, enforceability, collectability, value, sufficiency, location or existence of any Collateral, or the validity, extent, perfection or priority of any Lien therein; the validity,
enforceability or collectability of any Obligations; or the assets, liabilities, financial condition, 

  
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results of operations, business, creditworthiness or legal status of any Obligor or Account Debtor. No Agent Indemnitee shall have any obligation to any Secured Party to ascertain or inquire into
the existence of any Default or Event of Default, the observance by any Obligor of any terms of the Loan Documents, or the satisfaction of any conditions precedent contained in any Loan Documents. 

12.8 Successor Agent and Co-Agents. 

12.8.1 Resignation; Successor Agent. Agent may resign at any time by giving at least thirty (30) days written notice thereof to
Lenders and Borrower. Required Lenders may appoint a successor to replace the resigning Agent, which successor shall be (a) a Lender or an Affiliate of a Lender; or (b) a financial institution reasonably acceptable to Required Lenders and
(provided no Default or Event of Default exists) Borrower. If no successor agent is appointed prior to the effective date of Agent’s resignation, then Agent may appoint a successor agent that is a financial institution acceptable to it (which
shall be a Lender unless no Lender accepts the role) or in the absence of such appointment, Required Lenders shall on such date assume all rights and duties of Agent hereunder. Upon acceptance by any successor Agent of its appointment hereunder,
such successor Agent shall thereupon succeed to and become vested with all the powers and duties of the retiring Agent without further act. On the effective date of its resignation, the retiring Agent shall be discharged from its duties and
obligations hereunder but shall continue to have all rights and protections under the Loan Documents with respect to actions taken or omitted to be taken by it while Agent, including the indemnification set forth in Sections 12.6 and
14.2, and all rights and protections under this Section 12. Any successor to TCW by merger or acquisition of stock or this loan shall continue to be Agent hereunder without further act on the part of any Secured Party or Obligor.

 12.8.2 Co-Collateral Agent. If appropriate under Applicable Law, Agent may appoint a Person to serve as a co-collateral agent or
separate collateral agent under any Loan Document. Each right, remedy and protection intended to be available to Agent under the Loan Documents shall also be vested in such agent. Secured Parties shall execute and deliver any instrument or agreement
that Agent may request to effect such appointment. If any such agent shall die, dissolve, become incapable of acting, resign or be removed, then all the rights and remedies of the agent, to the extent permitted by Applicable Law, shall vest in and
be exercised by Agent until appointment of a new agent. 
 12.9 Due Diligence and Non-Reliance. Each Lender acknowledges and
agrees that it has, independently and without reliance upon Agent or any other Lenders, and based upon such documents, information and analyses as it has deemed appropriate, made its own credit analysis of each Obligor and its own decision to enter
into this Agreement and to fund the Loans hereunder. Each Secured Party has made such inquiries as it feels necessary concerning the Loan Documents, Collateral and Obligors. Each Secured Party acknowledges and agrees that the other Secured Parties
have made no representations or warranties concerning any Obligor, any Collateral or the legality, validity, sufficiency or enforceability of any Loan Documents or Obligations. Each Secured Party will, independently and without reliance upon any
other Secured Party, and based upon such financial statements, documents and information as it deems appropriate at the time, continue to make and rely upon its own credit decisions in making the Loans, and in taking or refraining from any action
under any Loan Documents. Except for 

  
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notices, reports and other information expressly requested by a Lender, Agent shall have no duty or responsibility to provide any Secured Party with any notices, reports or certificates furnished
to Agent by any Obligor or any credit or other information concerning the affairs, financial condition, business or Properties of any Obligor (or any of its Affiliates) which may come into possession of Agent or its Affiliates. 

12.10 Remittance of Payments and Collections. 

12.10.1 Remittances Generally. All payments by any Lender to Agent shall be made by the time and on the day set forth in this Agreement,
in immediately available funds. If no time for payment is specified or if payment is due on demand by Agent and request for payment is made by Agent by 1:00 p.m. on a Business Day, payment shall be made by Lender not later than 3:00 p.m. on such
day, and if request is made after 1:00 p.m., then payment shall be made by 11:00 a.m. on the next Business Day. Payment by Agent to any Secured Party shall be made by wire transfer, in the type of funds received by Agent. Any such payment shall be
subject to Agent’s right of offset for any amounts due from such payee under the Loan Documents. 
 12.10.2 Failure to Pay. If
any Secured Party fails to pay any amount when due by it to Agent pursuant to the terms hereof, such amount shall bear interest, from the due date until paid in full, at the rate determined by Agent as customary for interbank compensation for two
(2) Business Days and thereafter at the Default Rate for Prime Rate Loans. In no event shall Borrower be entitled to receive credit for any interest paid by a Secured Party to Agent. 

12.10.3 Recovery of Payments. If Agent pays an amount to a Secured Party in the expectation that a related payment will be received by
Agent from an Obligor and such related payment is not received, then Agent may recover such amount from the Secured Party. If Agent determines that an amount received by it must be returned or paid to an Obligor or other Person pursuant to
Applicable Law or otherwise, then Agent shall not be required to distribute such amount to any Secured Party. If any amounts received and applied by Agent to Obligations held by a Secured Party are later required to be returned by Agent pursuant to
Applicable Law, such Secured Party shall pay to Agent, on demand, its share of the amounts required to be returned. 
 12.11 Individual
Capacities. As a Lender, TCW shall have the same rights and remedies under the Loan Documents as any other Lender, and the terms “Lenders,” “Required Lenders” or any similar term shall include TCW in its capacity as a
Lender. Agent, Lenders and their Affiliates may accept deposits from, lend money to, act as financial or other advisor to, and generally engage in any kind of business with, Obligors and their Affiliates, as if they were not Agent or Lenders
hereunder, without any duty to account therefor to any Secured Party. In their individual capacities, Agent, Lenders and their Affiliates may receive information regarding Obligors, their Affiliates and their Account Debtors (including information
subject to confidentiality obligations), and shall have no obligation to provide such information to any Secured Party. 
 12.12 No
Third Party Beneficiaries. This Section 12 is an agreement solely among Secured Parties and Agent, and shall survive Full Payment of the Obligations. This Section 12 does not confer any rights or benefits upon
Borrower or any other Person. As between Borrower and Agent, any action that Agent may take under any Loan Documents or with respect to any Obligations shall be conclusively presumed to have been authorized and directed by Secured Parties. 

  
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 12.13 Intercreditor Agreement. Each Lender hereunder (a) consents to the
subordination of Liens provided for in the Intercreditor Agreement; (b) agrees that it will be bound by, and will take no actions contrary to, the provisions of the Intercreditor Agreement; (c) authorizes and instructs Agent to enter into
the Intercreditor Agreement as Term Loan Agent on behalf of such holder of “Term Loan Obligations” (as defined therein); and (d) acknowledges (or is deemed to acknowledge) that a copy of the Intercreditor Agreement was delivered, or
made available, to such Lender. Each Lender hereby acknowledges that it has received and reviewed the Intercreditor Agreement. 
 SECTION 13. BENEFIT OF
AGREEMENT; ASSIGNMENTS 
 13.1 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of
Borrower, Agent, Lenders, Secured Parties, and their respective successors and assigns, except that (a) Borrower shall have no right to assign its rights or delegate its obligations under any Loan Documents; and (b) any assignment by a
Lender must be made in compliance with Section 13.3. Agent may treat the Person which made any Loan as the owner thereof for all purposes until such Person makes an assignment in accordance with Section 13.3. Any
authorization or consent of a Lender shall be conclusive and binding on any subsequent transferee or assignee of such Lender. 
 13.2
Participations. 
 13.2.1 Permitted Participants; Effect. Subject to Section 13.3.3, any Lender may,
sell to a financial institution (“Participant”) a participating interest in the rights and obligations of such Lender under any Loan Documents. Despite any sale by a Lender of participating interests to a Participant, such
Lender’s obligations under the Loan Documents shall remain unchanged, it shall remain solely responsible to the other parties hereto for performance of such obligations, it shall remain the holder of its Loans and Commitments for all purposes,
all amounts payable by Borrower shall be determined as if it had not sold such participating interests, and Borrower and Agent shall continue to deal solely and directly with such Lender in connection with the Loan Documents. Each Lender shall be
solely responsible for notifying its Participants of any matters under the Loan Documents, and Agent and the other Lenders shall not have any obligation or liability to any such Participant. A Participant that would be a Foreign Lender if it were a
Lender shall not be entitled to the benefits of Section 5.8 unless Borrower agrees otherwise in writing. 
 13.2.2 Voting
Rights. Each Lender shall retain the sole right to approve, without the consent of any Participant, any amendment, waiver or other modification of a Loan Document other than that which forgives principal, interest or fees, reduces the stated
interest rate or fees payable with respect to any Loan or Commitment in which such Participant has an interest, postpones the Maturity Date or any date fixed for any regularly scheduled payment of principal, interest or fees on such Loan or
Commitment, or releases Borrower, any Guarantor or substantially all Collateral. 

  
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 13.2.3 Participant Register. Each Lender that sells a participation shall, acting
solely for this purpose as an agent of Borrower, maintain a register in which it enters the Participant’s name, address and interest in Commitments and Loans (and stated interest). Entries in the register shall be conclusive, absent manifest
error, and such Lender shall treat each Person recorded in the register as the owner of the participation for all purposes, notwithstanding any notice to the contrary. No Lender shall have an obligation to disclose any information in such register
except to the extent necessary to establish that a Participant’s interest is in registered form under the Code. 
 13.2.4 Benefit of
Setoff. Borrower agrees that each Participant shall have a right of set-off in respect of its participating interest to the same extent as if such interest were owing directly to a Lender, and each Lender shall also retain the right of set-off
with respect to any participating interests sold by it. By exercising any right of set-off, a Participant agrees to share with Lenders all amounts received through its set-off, in accordance with Section 12.5 as if such Participant were
a Lender. 
 13.3 Assignments. 

13.3.1 Permitted Assignments. A Lender may assign to an Eligible Assignee any of its rights and obligations under the Loan Documents, as
long as (a) each assignment is of a constant, and not a varying, percentage of the transferor Lender’s rights and obligations under the Loan Documents and, in the case of a partial assignment, is in a minimum principal amount of $5,000,000
(unless otherwise agreed by Agent in its discretion) and integral multiples of $1,000,000 in excess of that amount; (b) except in the case of an assignment in whole of a Lender’s rights and obligations, the aggregate amount of the
Commitments retained by the transferor Lender is at least $5,000,000 (unless otherwise agreed by Agent in its discretion); and (c) the parties to each such assignment shall execute and deliver to Agent, for its acceptance and recording, an
Assignment and Acceptance. Nothing herein shall limit the right of a Lender to pledge or assign any rights under the Loan Documents to secure obligations of such Lender, including a pledge or assignment to a Federal Reserve Bank; provided,
however, that no such pledge or assignment shall release the Lender from its obligations hereunder nor substitute the pledge or assignee for such Lender as a party hereto. 

13.3.2 Effect; Effective Date. Upon delivery to Agent of an executed Assignment Agreement, assignment notice in the form of Exhibit
B and a processing fee of $3,500 (unless otherwise agreed by Agent in its discretion), and to the extent that the Eligible Assignee is not an existing Lender, an administrative questionnaire satisfactory to Agent and all such documentation and
other information with respect to the assignee that is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act, the Agent shall record the
assignment in the Register in accordance with this Section 13.3.4, and as long as the assignment is also in compliance with this Section 13.3. The assignment shall become effective upon said recordation in the Register. From such effective
date, the Eligible Assignee shall for all purposes be a Lender under the Loan Documents, and shall have all rights and obligations of a Lender thereunder; provided, that such 

  
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Eligible Assignee (for the avoidance of doubt, including any Eligible Assignee that is already a Lender hereunder at the time of assignment) shall not be entitled to receive any greater payment
under Section 5.8 than that which its assignor would have been entitled to receive had no such assignment occurred, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after such
assignment. Upon consummation of an assignment, the transferor Lender, Agent and Borrower shall make appropriate arrangements for issuance of replacement and/or new notes, if applicable. 

13.3.3 Certain Assignees. No assignment or participation may be made to Borrower, an Affiliate of Borrower, Defaulting Lender or a
natural person. Any assignment by a Defaulting Lender shall be effective only upon payment by the Eligible Assignee or Defaulting Lender to Agent of an aggregate amount sufficient, upon distribution (through direct payment, purchases of
participations or other compensating actions as Agent deems appropriate), to satisfy all funding and payment liabilities then owing by the Defaulting Lender hereunder. If an assignment by a Defaulting Lender shall become effective under Applicable
Law for any reason without compliance with the foregoing sentence, then the assignee shall be deemed a Defaulting Lender for all purposes until such compliance occurs. 

13.3.4 Register. Agent, acting solely for this purpose as an agent of Borrower, shall maintain (a) a copy (or electronic
equivalent) of each Assignment and Acceptance delivered to it, and (b) a register for recordation of the names, addresses and Commitments of, and the Loans and interest owing to, each Lender. Entries in the register shall be conclusive, absent
manifest error, and Borrower, Agent and Lenders shall treat each Person recorded in such register as a Lender for all purposes under the Loan Documents, notwithstanding any notice to the contrary. The register shall be available for inspection by
Borrower or any Lender (with respect to any such Lender’s Loans), from time to time upon reasonable notice. 
 SECTION 14. MISCELLANEOUS 

14.1 Consents, Amendments and Waivers. 

14.1.1 Amendment. No modification of any Loan Document, including any extension or amendment of a Loan Document or any waiver of a
Default or Event of Default, shall be effective without the prior written agreement of Agent (with the consent of Required Lenders) and each Obligor party to such Loan Document; provided, however, that 

(a) without the prior written consent of Agent, no modification shall alter any provision in a Loan Document that relates to any rights, duties
or discretion of Agent; 
 (b) without the prior written consent of each affected Lender, including a Defaulting Lender, no modification
shall (i) increase the Commitment of such Lender; (ii) reduce the amount of, or waive or delay payment of, any principal, interest or fees payable to such Lender; (iii) extend the Maturity Date; or (iv) amend this clause (c);

 (c) without the prior written consent of all Lenders (except any Defaulting Lender), no modification shall (i) alter
Section 2.4 or 14.1.1; (ii) amend the definition of Required Lenders; (iii) release all or substantially all Collateral; (iv) except in connection with a merger, disposition or similar transaction expressly
permitted hereby, release any Obligor from liability for any Obligations; 

  
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 (d) Agent and Borrower may amend any Loan Document (i) to correct administrative errors
or omissions, or to effect administrative changes that are not adverse to any Lender, (ii) to correct, amend, cure any ambiguity, inconsistency, defect or correct any typographical error or other manifest error in this Agreement or any other
Loan Document, (iii) to comply with local law or advice of local counsel in respect of a Security Document or (iv) to cause a Security Document to be consistent with this Agreement and other Loan Documents. Notwithstanding anything to the
contrary contained herein, such amendment shall become effective without any further consent of any other party to such Loan Document if the same is not objected to in writing by the Required Lenders within five (5) Business Days following
receipt of notice thereof. 
 14.1.2 Limitations. The agreement of Borrower shall not be required for any modification of a Loan
Document that deals solely with the rights and duties of Lenders and/or Agent as among themselves. Only the consent of the parties to any agreement relating to fees shall be required for modification of such agreement. Any waiver or consent granted
by Agent or Lenders hereunder shall be effective only if in writing and only for the matter specified. 
 14.1.3 Payment for Consents.
Borrower will not, directly or indirectly, pay any remuneration or other thing of value, whether by way of additional interest, fee or otherwise, to any Lender (in its capacity as a Lender hereunder) as consideration for agreement by such Lender
with any modification of any Loan Documents, unless such remuneration or value is concurrently paid, on the same terms, on a Pro Rata basis to all Lenders providing their consent. 

14.2 Indemnity. BORROWER SHALL INDEMNIFY AND HOLD HARMLESS THE INDEMNITEES AGAINST ANY CLAIMS THAT MAY BE INCURRED BY OR ASSERTED
AGAINST ANY INDEMNITEE, INCLUDING CLAIMS ASSERTED BY ANY OBLIGOR OR OTHER PERSON OR ARISING FROM THE NEGLIGENCE OF AN INDEMNITEE. In no event shall any party to a Loan Document have any obligation thereunder to indemnify or hold harmless an
Indemnitee with respect to a Claim that is determined in a final, non-appealable judgment by a court of competent jurisdiction to result from the gross negligence or willful misconduct of such Indemnitee. 

14.3 Notices and Communications. 

14.3.1 Notice Address. Subject to Section 5.1.4, all notices and other communications by or to a party hereto shall be in
writing and shall be given, if to Borrower, to it at School Specialty, Inc., W6316 Design Drive; Greenville, WI 54942; Attn: Chief Financial Officer; Telecopy (920) 882-5863, and, if to any other Person, at its address shown on the signature
pages hereof (or, in the case of a Person who becomes a Lender after the Closing Date, at the address shown on its Assignment and Acceptance), or at such other address as a party may hereafter specify by notice in accordance with this
Section 14.3. Each communication shall be effective only (a) if given by facsimile transmission, when transmitted to the applicable facsimile number, if confirmation of receipt is received; (b) if given by mail, three
(3) Business Days after deposit in the U.S. mail, with first-class postage pre-paid, addressed to the applicable address; or 

  
 -100- 

 
(c) if given by personal delivery, when duly delivered to the notice address with receipt acknowledged. Notwithstanding the foregoing, no notice to Agent pursuant to Section 2.1,
2.2, 2.3 or 3.1 shall be effective until actually received by the individual to whose attention at Agent such notice is required to be sent. Any written communication that is not sent in conformity with the foregoing provisions
shall nevertheless be effective on the date actually received by the noticed party. Any notice received by Borrower shall be deemed received by Borrower. 

14.3.2 Electronic Communications; Voice Mail. Electronic mail and internet websites may be used only for routine communications, such as
delivery of Borrower Materials, administrative matters, distribution of Loan Documents, and matters permitted under Section 2.1, 2.2, 2.3 or 3.1. Agent and Lenders make no assurances as to the privacy and security of
electronic communications. Electronic and voice mail may not be used as effective notice under the Loan Documents. 
 14.3.3 Platform.
Borrower Materials shall be delivered pursuant to procedures approved by Agent, including electronic delivery (if possible) upon request by Agent to an electronic system maintained by Agent (“Platform”). Borrower shall notify Agent
of each posting of Borrower Materials on the Platform and the materials shall be deemed received by Agent only upon its receipt of such notice. Borrower Materials and other information relating to this credit facility may be made available to
Secured Parties on the Platform, and Obligors and Secured Parties acknowledge that “public” information is not segregated from material non-public information on the Platform. The Platform is provided “as is” and “as
available.” Agent does not warrant the accuracy or completeness of any information on the Platform nor the adequacy or functioning of the Platform, and expressly disclaims liability for any errors or omissions in the Borrower Materials or any
issues involving the Platform. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS, OR FREEDOM FROM VIRUSES OR OTHER CODE
DEFECTS, IS MADE BY AGENT WITH RESPECT TO BORROWER MATERIALS OR THE PLATFORM. Secured Parties acknowledge that Borrower Materials may include material non-public information of Obligors and should not be made available to any personnel who do not
wish to receive such information or who may be engaged in investment or other market-related activities with respect to any Obligor’s securities. No Agent Indemnitee shall have any liability to Borrower, Secured Parties or any other Person for
losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) relating to use by any Person of the Platform or delivery of Borrower Materials and other information through the Platform or over the internet.

 14.3.4 Non-Conforming Communications. Agent and Lenders may rely upon any communications purportedly given by or on behalf of
Borrower even if they were not made in a manner specified herein, were incomplete or were not confirmed, or if the terms thereof, as understood by the recipient, varied from a later confirmation. Borrower shall indemnify and hold harmless each
Indemnitee from any liabilities, losses, costs and expenses arising from any electronic or telephonic communication purportedly given by or on behalf of Borrower. 

  
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 14.4 Performance of Borrower’s Obligations. Agent may, in its discretion
at any time and from time to time, at Borrower’s expense, pay any amount or do any act required of Borrower under any Loan Documents or otherwise lawfully requested by Agent to (a) enforce any Loan Documents or collect any Obligations;
(b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of Agent’s Liens in any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing
or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Agent under this Section 14.4 shall be reimbursed to Agent by Borrower, on demand, with interest
from the date incurred until paid in full at the Default Rate applicable to Prime Rate Loans. Any payment made or action taken by Agent under this Section 14.4 shall be without prejudice to any right to assert an Event of Default or to
exercise any other rights or remedies under the Loan Documents. 
 14.5 Credit Inquiries. Agent and Lenders may (but shall have
no obligation) to respond to usual and customary credit inquiries from third parties concerning any Obligor or Subsidiary. 
 14.6
Severability. Wherever possible, each provision of the Loan Documents shall be interpreted in such manner as to be valid under Applicable Law. If any provision is found to be invalid under Applicable Law, it shall be ineffective only
to the extent of such invalidity and the remaining provisions of the Loan Documents shall remain in full force and effect. 
 14.7
Cumulative Effect; Conflict of Terms. The provisions of the Loan Documents are cumulative. The parties acknowledge that the Loan Documents may use several limitations or measurements to regulate similar matters, and they agree that
these are cumulative and that each must be performed as provided. Except as otherwise provided in another Loan Document (by specific reference to the applicable provision of this Agreement), if any provision contained herein is in direct conflict
with any provision in another Loan Document, the provision herein shall govern and control. 
 14.8 Counterparts; Execution.
Any Loan Document may be executed in counterparts, each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement shall become effective when Agent has received counterparts
bearing the signatures of all parties hereto. Delivery of a signature page of any Loan Document by telecopy or other electronic means shall be effective as delivery of a manually executed counterpart of such agreement. Any electronic signature,
contract formation on an electronic platform and electronic record-keeping shall have the same legal validity and enforceability as a manually executed signature or use of a paper-based recordkeeping system to the fullest extent permitted by
Applicable Law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any similar state law based on the Uniform Electronic Transactions Act. Upon request by
Agent, any electronic signature or delivery shall be promptly followed by a manually executed or paper document. 
 14.9 Entire
Agreement. Time is of the essence with respect to all Loan Documents and Obligations. The Loan Documents constitute the entire agreement, and supersede all prior understandings and agreements, among the parties relating to the subject matter
thereof. 

  
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 14.10 Relationship with Lenders. The obligations of each Lender hereunder are
several, and no Lender shall be responsible for the obligations or Commitments of any other Lender. Amounts payable hereunder to each Lender shall be a separate and independent debt. It shall not be necessary for Agent or any other Lender to be
joined as an additional party in any proceeding for such purposes. Nothing in this Agreement and no action of Agent, Lenders or any other Secured Party pursuant to the Loan Documents or otherwise shall be deemed to constitute Agent and any Secured
Party to be a partnership, joint venture or similar arrangement, nor to constitute control of any Obligor. 
 14.11 No Advisory or
Fiduciary Responsibility. In connection with all aspects of each transaction contemplated by any Loan Document, Borrower acknowledges and agrees that (a)(i) this credit facility and any arranging or other services by Agent, any Lender, any
of their Affiliates or any arranger are arm’s-length commercial transactions between Borrower and its Affiliates, on one hand, and Agent, any Lender, any of their Affiliates or any arranger, on the other hand; (ii) Borrower has consulted
their own legal, accounting, regulatory and tax advisors to the extent they have deemed appropriate; and (iii) Borrower is capable of evaluating, and understand and accept, the terms, risks and conditions of the transactions contemplated by the
Loan Documents; (b) each of Agent, Lenders, their Affiliates and any arranger is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an
advisor, agent or fiduciary for Borrower, its Affiliates or any other Person, and has no obligation with respect to the transactions contemplated by the Loan Documents except as expressly set forth therein; and (c) Agent, Lenders, their
Affiliates and any arranger may be engaged in a broad range of transactions that involve interests that differ from those of Borrower and its Affiliates, and have no obligation to disclose any of such interests to Borrower or its Affiliates. To the
fullest extent permitted by Applicable Law, Borrower hereby waives and releases any claims that it may have against Agent, Lenders, their Affiliates and any arranger with respect to any breach of agency or fiduciary duty in connection with any
transaction contemplated by a Loan Document. 
 14.12 Confidentiality. Each of Agent and Lenders shall maintain the
confidentiality of all Information (as defined below), except that Information may be disclosed (a) to its Affiliates, and to its and their partners, directors, officers, employees, agents, advisors and representatives (provided they are
informed of the confidential nature of the Information and instructed to keep it confidential); (b) to the extent requested by any governmental, regulatory or self-regulatory authority purporting to have jurisdiction over it or its Affiliates;
(c) to the extent required by Applicable Law or by any subpoena or other legal process; (d) to any other party hereto; (e) in connection with any action or proceeding relating to any Loan Documents or Obligations; (f) subject to
an agreement containing provisions substantially the same as this Section 14.12, to any Transferee; (g) with the consent of Borrower; or (h) to the extent such Information (i) becomes publicly available other than as a
result of a breach of this Section 14.12 or (ii) is available to Agent, any Lender or any of their Affiliates on a non-confidential basis from a source other than Borrower. Notwithstanding the foregoing, Agent and Lenders may
publish or disseminate general information concerning this credit facility for league table, tombstone and advertising purposes, and may use Borrower’s logos, trademarks or product photographs in advertising materials. As used herein,
“Information” means information received from an Obligor or Subsidiary relating to it or its business that is identified as confidential when delivered. A Person required to maintain the confidentiality of Information pursuant to
this Section 14.12  

  
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shall be deemed to have complied if it exercises a degree of care similar to that accorded its own confidential information. Each of Agent and Lenders acknowledges that (i) Information may
include material non-public information; (ii) it has developed compliance procedures regarding the use of such information; and (iii) it will handle the material non-public information in accordance with Applicable Law. 

14.13 GOVERNING LAW. UNLESS EXPRESSLY PROVIDED IN ANY LOAN DOCUMENT, THIS AGREEMENT, THE OTHER LOAN DOCUMENTS AND ALL CLAIMS
SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES EXCEPT FEDERAL LAWS RELATING TO NATIONAL BANKS. 

14.14 Consent to Forum; Bail-In of EEA Financial Institutions. 

14.14.1 Forum. BORROWER HEREBY CONSENTS TO THE EXCLUSIVE JURISDICTION OF ANY FEDERAL OR STATE COURT SITTING IN OR WITH JURISDICTION OVER
NEW YORK, IN ANY DISPUTE, ACTION, LITIGATION OR OTHER PROCEEDING RELATING IN ANY WAY TO ANY LOAN DOCUMENTS, AND AGREES THAT ANY DISPUTE, ACTION, LITIGATION OR OTHER PROCEEDING SHALL BE BROUGHT BY IT SOLELY IN ANY SUCH COURT. BORROWER IRREVOCABLY AND
UNCONDITIONALLY WAIVES ALL CLAIMS, OBJECTIONS AND DEFENSES THAT IT MAY HAVE REGARDING ANY SUCH COURT’S PERSONAL OR SUBJECT MATTER JURISDICTION, VENUE OR INCONVENIENT FORUM. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE
JURISDICTION OF SUCH COURTS AND CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 14.3.1. A final judgment in any proceeding of any such court shall be conclusive and may be enforced in other jurisdictions by suit
on the judgment or any other manner provided by Applicable Law. 
 14.14.2 Other Jurisdictions. Nothing herein shall limit the right
of Agent or any Lender to bring proceedings against any Obligor in any other court, nor limit the right of any party to serve process in any other manner permitted by Applicable Law. Nothing in this Agreement shall be deemed to preclude enforcement
by Agent of any judgment or order obtained in any forum or jurisdiction. 
 14.14.3 Acknowledgement and Consent to Bail-In of EEA
Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among the parties, each party hereto (including each Secured Party) acknowledges that any liability
arising under a Loan Document of any Secured Party that is an EEA Financial Institution, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority, and agrees and consents to,
and acknowledges and agrees to be bound by, (a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising under any Loan Documents which may be payable to it by any Secured Party that
is an EEA Financial Institution; and (b) the effects of any Bail-in Action on any such liability, including (i) a reduction in full or in part or cancellation of any such liability; (ii) a conversion of all, or a portion of, such
liability into shares or other instruments of ownership in such EEA Financial 

  
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Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it
in lieu of any rights with respect to any such liability under any Loan Document; or (iii) the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority.

 14.15 Waivers by Borrower. To the fullest extent permitted by Applicable Law, Borrower waives (a) the right to trial by
jury (which Agent and each Lender hereby also waives) in any proceeding or dispute of any kind relating in any way to any Loan Documents, Obligations or Collateral; (b) presentment, demand, protest, notice of presentment, default, non-payment,
maturity, release, compromise, settlement, extension or renewal of any commercial paper, accounts, documents, instruments, chattel paper and guaranties at any time held by Agent on which Borrower may in any way be liable, and hereby ratifies
anything Agent may do in this regard; (c) notice prior to taking possession or control of any Collateral; (d) any bond or security that might be required by a court prior to allowing Agent to exercise any rights or remedies; (e) the
benefit of all valuation, appraisement and exemption laws; (f) any claim against Agent or any Lender, on any theory of liability, for special, indirect, consequential, exemplary or punitive damages (as opposed to direct or actual damages) in
any way relating to any Enforcement Action, Obligations, Loan Documents or transactions relating thereto; and (g) notice of acceptance hereof. Borrower acknowledges that the foregoing waivers are a material inducement to Agent and Lenders
entering into this Agreement and that they are relying upon the foregoing in their dealings with Borrower. Borrower has reviewed the foregoing waivers with its legal counsel and has knowingly and voluntarily waived its jury trial and other rights
following consultation with legal counsel. In the event of litigation, this Agreement may be filed as a written consent to a trial by the court. 

14.16 Patriot Act Notice. Agent and Lenders hereby notify Borrower that pursuant to the Patriot Act, Agent and Lenders are
required to obtain, verify and record information that identifies Borrower, including its legal name, address, tax ID number and other information that will allow Agent and Lenders to identify it in accordance with the Patriot Act. Agent and Lenders
will also require information regarding each personal guarantor, if any, and may require information regarding Borrower’s management and owners, such as legal name, address, social security number and date of birth. Borrower shall, promptly
upon request, provide all documentation and other information as Agent or any Lender may request from time to time in order to comply with any obligations under any “know your customer,” anti-money laundering or other requirements of
Applicable Law. 
 14.17 NO ORAL AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN
THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES. THERE ARE NO UNWRITTEN AGREEMENTS BETWEEN THE PARTIES. 

  
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 14.18 Intercreditor Agreement Governs. As between Agent and the Secured
Parties on the one hand and the agent and lenders under the Revolving Loan Facility on the other hand, in the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Agreement with respect to the Collateral, the
provisions of the Intercreditor Agreement shall govern. 
 [Remainder of page intentionally left blank; signatures begin on following page]

  
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 IN WITNESS WHEREOF, this Agreement has been executed and delivered as of the date set forth
above. 
  

					
	BORROWER:
	
	SCHOOL SPECIALTY, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	Address
		 	  

		 	  

		 	  

		 	Attn:	 	  

		 	Telecopy:	 	  

	
	 SUBSIDIARY GUARANTORS:

 

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	Address
		 	  

		 	  

		 	  

		 	Attn:	 	  

		 	Telecopy:	 	  

  

 
			
	AGENT:
	
	TCW ASSET MANAGEMENT COMPANY LLC,as Agent

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

			
	Payment Account Designation:
	
	Bank Name: State Street Bank & Trust Co.
	ABA: 011000028
	Account Number: 10512614
	Account Name: TCW Asset Management
	                          Company LLC
	Ref: School Specialty, Inc.
	
	With a copy of any notice hereunder to:
	Cortland Capital Market Services LLC
	225 W. Washington, 21st Floor
	Chicago, Illinois 60606
	Attn: Valerie Opperman and Legal Department
	Email: tcw@cortlandglobal.com;
legal@cortlandglobal.com
	Fax: (312) 376-0751

 
			
	LENDERS:
	
	TCW DIRECT LENDING LLC,
	as a Lender
	By TCW Asset Management Company LLC
	Its Investment Advisor
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	Payment Account Designation:
	State Street Bank & Trust Co. Boston
	ABA #011-000-028
	Beneficiary Acct #: 1055-0390
	Beneficiary Name: TCW Direct Lending LLC, TWIC
	Ref: School Specialty, Inc.
	
	TCW DIRECT LENDING STRATEGIC
	 VENTURES LLC,
 as a
Lender

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	Payment Account Designation:
	State Street Bank & Trust Co. Boston
	ABA #: 011-000-028
	Beneficiary Acct #: 1059-4547
	Beneficiary Name: TCW Direct Lending Strategic
	Ventures LLC, TWIA
	Ref: School Specialty, Inc.

 
			
	WEST VIRGINIA DIRECT LENDING LLC,
	as a Lender
	 By: TCW Asset Management Company LLC,

its Investment Advisor

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	State Street Bank & Trust Co. Boston
	ABA #: 011-000-028
	Beneficiary Acct #: 1067-2202
	Beneficiary Name: West Virginia Direct Lending LLC,
	TWIF
	Ref: School Specialty, Inc.
	
	 TCW BRAZOS FUND LLC,
 as a
Lender

	 By: TCW Asset Management Company LLC,

its Investment Advisor

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	Payment Account Designation:
	State Street Bank & Trust Co. Boston
	ABA #: 011-000-028
	Beneficiary Acct #: 1079-5276
	Beneficiary Name: TCW Brazos Fund LLC, TWIH
	Ref: School Specialty, Inc.

 
			
	TCW SKYLINE LENDING, L.P.,
	as a Lender
	 By: TCW Asset Management Company LLC,

its Investment Advisor

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	Payment Account Designation:
	State Street Bank & Trust Co. Boston
	ABA #011-000-028
	Beneficiary Acct #: 1064-1405
	Beneficiary Name: TCW Specialty Lending Fund LP,
	TWIB
	Ref: School Specialty, Inc.

 Schedule 1.1(a) 

Commitments 
  

																	
	 Lender
	  	Term A Loan
Commitment	 	  	Term A
Loan
Commitment
Percentage	 	 	Delayed Draw
Term Loan
Commitment	 	  	Delayed
Draw Term
Loan
Commitment
Percentage	 
	 TCW Direct Lending LLC
	  	$	53,984,615.39	 	  	 	49.08	% 	 	$	14,723,076.93	 	  	 	49.08	% 
	 TCW Direct Lending Strategic Ventures LLC
	  	$	34,184,615.38	 	  	 	31.08	% 	 	$	9,323,076.92	 	  	 	31.08	% 
	 West Virginia Direct Lending LLC
	  	$	5,161,538.46	 	  	 	4.69	% 	 	$	1,407,692.31	 	  	 	4.69	% 
	 TCW Brazos Fund LLC
	  	$	11,592,307.69	 	  	 	10.54	% 	 	$	3,161,538.46	 	  	 	10.54	% 
	 TCW Skyline Lending, L.P.
	  	$	5,076,923.08	 	  	 	4.62	% 	 	$	1,384,615.38	 	  	 	4.62	% 
		  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	$	110,000,000.00	 	  	 	100.00	% 	 	$	30,000,000.00	 	  	 	100.00	% 
		  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	  	  
	  
	 

 EXHIBIT B 

See Attached 

 EXHIBIT C 

to 
 Loan Agreement 

COMPLIANCE CERTIFICATE 

Date                 ,
20         
 TCW Asset Management Company, LLC, as Agent 

200 Clarendon Street, 51st Floor 
 Boston, Massachusetts 02116

 The undersigned, the chief financial officer of SCHOOL SPECIALTY, INC., a Delaware corporation
(“Borrower”), gives this certificate (this “Certificate”) to TCW ASSET MANAGEMENT COMPANY, LLC, as agent for the Lenders (in such capacity, “Agent”), in accordance with the requirements of
Section 10.1.2(d) of that certain Loan Agreement dated as of April 7, 2017 (as amended, restated, supplemented, or otherwise modified from time to time, the “Loan Agreement”), among Borrower, the other
borrowers party thereto, the other guarantors party thereto (the “Guarantors”), the financial institutions party to the Loan Agreement from time to time as lenders (collectively, “Lenders”) and TCW ASSET
MANAGEMENT COMPANY, LLC, as agent for the Lenders (“Agent”). Unless otherwise defined herein, capitalized terms used herein shall have the meanings attributable thereto in the Loan Agreement. I have reviewed and am familiar with
the contents of this Certificate. 
 1. Based upon my review of the [audited][unaudited] balance sheets of Borrower and
its Subsidiaries, together with related statements of income, cash flow and [shareholders’ equity],1 for the [Fiscal Quarter][Fiscal Year][month] ending
                , 20         , copies of which are attached hereto, collectively, as Annex A, I hereby
certify that: 
 (a) [The Borrower is in compliance with Sections 10.2.7 and 10.3 of the Loan Agreement;] 

[(b) The Capital Expenditures during the four (4) consecutive Fiscal Quarter period ending
on                 equaled $            .] 

[(c) The Fixed Charge Coverage Ratio of the Borrower at the end of four (4) consecutive Fiscal Quarter period ending
             equaled          to 1.0.] 

[(d) The Net Senior Leverage Ratio of the Borrower at the end of four (4) consecutive Fiscal Quarter period ending
         equaled ___ to 1.0.] 
 [(e) EBITDA of the Borrower at the end of four
(4) consecutive Fiscal Quarter period ending         equaled $            .] 

(f) At all times during the [Fiscal Quarter][Fiscal Year][month] ending
        , 20         , Specified Availability (as defined in the Revolving Loan Agreement on the Third Amendment Effective Date) [was][was not]
greater than or equal to the greater of (x) $12,500,000 and (y) 10% of the Commitments (as defined in the Revolving Loan Agreement on the Third Amendment Effective Date). 

 

	1 	 Shareholders’ equity is only required to be delivered with the Fiscal Year financial deliveries required
under Section 10.1.2 of the Loan Agreement. 

  
 C-1 

 2. No Event of Default exists on the date hereof, other than
             [if none, so state]. 
 3. [Attached hereto as
Annex A, for Borrower and its Subsidiaries for the Fiscal Year ended [                ], are balance sheets as of the end of such Fiscal Year and the
related statements of income, cash flow and shareholders’ equity for such Fiscal Year, on consolidated and consolidating bases for Borrower and its Subsidiaries, which consolidated statements are audited and certified (without any “going
concern” or like qualification or exception or any qualification or exception as to scope of audit) by [•]2, setting forth in comparative form corresponding figures for the preceding
Fiscal Year. Also attached hereto as Annex A are copies of all management letters and other material reports submitted to Borrower by its accountants in connection with such financial
statements.]3 
 4. [Attached hereto as Annex A, for Borrower and its
Subsidiaries, for the Fiscal Quarter ended [            ], are unaudited balance sheets as of the end of such month and the related statements of income and cash flow for such Fiscal
Quarter and for the portion of the Fiscal Year then elapsed, on consolidated and consolidating bases for Borrower and its Subsidiaries, setting forth in comparative form corresponding figures for the preceding Fiscal Year and certified by the chief
financial officer of Borrower as prepared in accordance with GAAP and fairly presenting the financial position and results of operations for such month and period, subject to normal year-end adjustments and
the absence of footnotes.]4 
 5. [Attached hereto as Annex A, for Borrower and
its Subsidiaries, for the month ended [            ], are unaudited balance sheets as of the end of such month and the related statements of income and cash flow for such month and
for the portion of the Fiscal Year then elapsed, on consolidated and consolidating bases for Borrower and its Subsidiaries, setting forth in comparative form corresponding figures for the preceding Fiscal Year and certified by the chief financial
officer of Borrower as prepared in accordance with GAAP and fairly presenting the financial position and results of operations for such month and period, subject to normal year-end adjustments and the absence
of footnotes.]5 
 6. [Attached hereto as Annex B, and pursuant to
Section 10.1.2(f) of the Loan Agreement are projections of Borrower’s consolidated balance sheets, results of operations, cash flow and Availability for the next Fiscal Year, month by month and for the next three Fiscal Years, year by
year.] 
 7. Attached hereto as Annex C is a schedule showing reasonably detailed calculations of the Fixed Charge Coverage Ratio.

  

	2 	 A firm of independent certified public accountants of recognized standing selected by Company and acceptable to
Agent. 

	3 	 To be included if accompanying annual financial statements only, beginning with the fiscal year ended
December 30, 2017. 

	4 	 To be included if accompanying quarterly financial statements only. 

	5 	 To be included if accompanying monthly financial statements only. 

  
 C-2 

 8. Attached hereto as Annex D is a schedule showing reasonably detailed calculations
of the Net Senior Leverage Ratio. 
 9. Attached hereto as Annex E is a schedule showing reasonably detailed calculations of EBITDA.

 10. [Attached hereto as Annex F is a schedule showing reasonably detailed calculations of the applicable level for the Applicable
Margin.]6 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 

	6 	 To be included after December 30, 2017. 

  
 C-3 

 Borrower has caused this Compliance Certificate to be executed and delivered by its chief
financial officer, this              day of             ,
20        . 
  

			
	SCHOOL SPECIALTY, INC., as Borrower
		
	By:	 	  

		 	Name:
		 	Title: Chief Financial Officer

  
 C-4

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