Document:

EX-10.3

 Exhibit 10.3 

 
  
 SECURITY AGREEMENT 
 dated as of 

November 16, 2012 

among 
 THE
GRANTORS IDENTIFIED HEREIN 
 and 
 WILMINGTON TRUST, NATIONAL ASSOCIATION, 
 as Collateral Agent 

 
  
 Reference is made to the Intercreditor and Collateral Agency Agreement, dated as of November 16, 2012, among 313 Group Inc., a Delaware corporation, which shall be merged with and into APX Group,
Inc., a Delaware corporation, the other grantors party thereto, Bank of America, N.A., in its capacity as collateral agent for the Credit Agreement Secured Parties (as defined therein) and Wilmington Trust, National Association, in its capacity as
collateral agent for the Senior Secured Notes Secured Parties (as defined therein), and each additional collateral agent from time to time party thereto as collateral agent for any First Lien Obligations (as defined therein) of any other Class (as
defined therein), and as it may be amended from time to time in accordance with the Indenture (as defined below) (the “Intercreditor Agreement”). Each Holder (as defined in the Indenture referred to below), by its acceptance of a
Note (as defined in the Indenture), (a) consents to the terms of the Intercreditor Agreement, including the priority of payment provisions of such Intercreditor Agreement, (b) agrees that it will be bound by and will take no actions
contrary to the provisions of the Intercreditor Agreement and (c) authorizes and instructs the Collateral Agent to enter into the Intercreditor Agreement as “Collateral Agent,” and on behalf of such Holder. 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	
	 ARTICLE I
  

Definitions
	   
 
   

			
	 SECTION 1.01
	 	 Indenture
	  	 	1	  
	 SECTION 1.02
	 	 Other Defined Terms
	  	 	1	  
	
	 ARTICLE II

 
	   
 

	Pledge of Securities	  
			
	 SECTION 2.01
	 	 Pledge
	  	 	8	  
	 SECTION 2.02
	 	 Delivery of the Pledged Equity
	  	 	10	  
	 SECTION 2.03
	 	 Representations, Warranties and Covenants
	  	 	11	  
	 SECTION 2.04
	 	 Certification of Limited Liability Company and Limited Partnership Interests
	  	 	12	  
	 SECTION 2.05
	 	 Registration in Nominee Name; Denominations
	  	 	13	  
	 SECTION 2.06
	 	 Voting Rights; Dividends and Interest
	  	 	13	  
	
	 ARTICLE III
  

Security Interests in Personal Property
	   
 
   

			
	 SECTION 3.01
	 	 Security Interest
	  	 	15	  
	 SECTION 3.02
	 	 Representations and Warranties
	  	 	17	  
	 SECTION 3.03
	 	 Covenants
	  	 	19	  
	
	 ARTICLE IV
  

Remedies
	   
 
   

			
	 SECTION 4.01
	 	 Remedies Upon Default
	  	 	21	  
	 SECTION 4.02
	 	 Application of Proceeds
	  	 	23	  
	 SECTION 4.03
	 	 Grant of License to Use Intellectual Property
	  	 	24	  
	
	 ARTICLE V
  

Subordination
	   
 
   

			
	 SECTION 5.01
	 	 Subordination
	  	 	25	  

  
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	 	 	 	  	Page	 
	
	 ARTICLE VI

 
	   
 

	Miscellaneous	  
			
	 SECTION 6.01
	 	 Notices
	  	 	25	  
	 SECTION 6.02
	 	 Waivers; Amendment
	  	 	26	  
	 SECTION 6.03
	 	 Collateral Agent’s Fees and Expenses; Indemnification
	  	 	26	  
	 SECTION 6.04
	 	 Successors and Assigns
	  	 	26	  
	 SECTION 6.05
	 	 Survival of Agreement
	  	 	27	  
	 SECTION 6.06
	 	 Counterparts; Effectiveness; Several Agreement
	  	 	27	  
	 SECTION 6.07
	 	 Severability
	  	 	27	  
	 SECTION 6.08
	 	 Governing Law; Jurisdiction; Venue; Waiver of Jury Trial; Consent to Service of Process
	  	 	27	  
	 SECTION 6.09
	 	 Headings
	  	 	28	  
	 SECTION 6.10
	 	 Security Interest Absolute
	  	 	28	  
	 SECTION 6.11
	 	 Termination or Release
	  	 	28	  
	 SECTION 6.12
	 	 Additional Grantors
	  	 	29	  
	 SECTION 6.13
	 	 Collateral Agent Appointed Attorney-in-Fact
	  	 	29	  
	 SECTION 6.14
	 	 General Authority of the Collateral Agent
	  	 	30	  
	 SECTION 6.15
	 	 Reasonable Care
	  	 	30	  
	 SECTION 6.16
	 	 Delegation; Limitation
	  	 	30	  
	 SECTION 6.17
	 	 Reinstatement
	  	 	30	  
	 SECTION 6.18
	 	 Miscellaneous
	  	 	30	  
	 SECTION 6.19
	 	 Intercreditor Agreement
	  	 	30	  
	 SECTION 6.20
	 	 Actions of the Collateral Agent
	  	 	31	  
	 SECTION 6.21
	 	 Collateral Agent.
	  	 	31	  
	 SECTION 6.22
	 	 Pari Passu Lien Indebtedness
	  	 	35	  

  

			
	Schedule I	  	Subsidiary Parties
	Schedule II	  	Pledged Equity and Pledged Debt
	Schedule III	  	Commercial Tort Claims
	
	Exhibits
		
	Exhibit I	  	Form of Security Agreement Supplement
	Exhibit II	  	Form of Perfection Certificate
	Exhibit III	  	Form of Patent Security Agreement
	Exhibit IV	  	Form of Trademark Security Agreement
	Exhibit V	  	Form of Copyright Security Agreement
	Exhibit VI	  	Pari Passu Lien Joinder Agreement

  
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 SECURITY AGREEMENT dated as of November 16, 2012, among the Grantors (as defined below)
and Wilmington Trust, National Association, as trustee under the Indenture (defined below) (in such capacity, the “Trustee”) and collateral agent for the Secured Parties (in such capacity, the “Collateral Agent”).

 Reference is made to the Indenture dated as of November 16, 2012 (as amended, supplemented or otherwise modified from
time to time, the “Indenture”), among APX Group, Inc., a Delaware corporation, (“Issuer”), APX Group Holdings, Inc., a Delaware corporation, (the “Holdings”), the other Guarantors party thereto from
time to time and Wilmington Trust, National Association, as Trustee and Collateral Agent pursuant to which the Issuer is issuing $925,000,000 aggregate principal of 6.375% Senior Secured Notes due 2019 (together with the Exchange Notes and any
Additional Notes, the “Notes”). The Guarantors will derive substantial benefits from the issuance of the Notes pursuant to the Indenture, and are willing to execute and deliver this Agreement in order to secure their obligations
under the Indenture. From time to time after the date hereof, the Issuer may, subject to the terms and conditions of the Indenture and the Security Documents, incur Pari Passu Lien Indebtedness (including Additional Notes issued under the
Indenture), that the Issuer desires to secure by the Collateral on a pari passu basis with the Notes. Accordingly, the parties hereto agree as follows: 
 ARTICLE I 
 Definitions 

SECTION 1.01 Indenture. 
 (a) Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified in the Indenture. All terms defined in the UCC (as defined herein) and not defined in this
Agreement have the meanings specified therein; the term “instrument” shall have the meaning specified in Article 9 of the UCC. 
 (b) The rules of construction specified in Section 1.04 of the Indenture also apply to this Agreement. 
 SECTION 1.02 Other Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “Account Debtor” means any Person who is or who may become obligated to any Grantor under, with respect to or on account of an Account. 

“Accounts” has the meaning specified in Article 9 of the UCC. 

“Agreement” means this Security Agreement. 
 “Article 9 Collateral” has the meaning assigned to such term in Section 3.01(a). 
 “Captive Insurance Subsidiary” means (i) any Subsidiary established for the primary purpose of insuring the businesses or properties owned or operated by Holdings or any of its
Subsidiaries or (ii) any Subsidiary of any such insurance subsidiary established for the same primary purpose described in clause (i) above. 

 “Code” means the Internal Revenue Code of 1986, as amended. 

“Collateral” means the Article 9 Collateral and the Pledged Collateral. 

“Collateral Agent” has the meaning assigned to such term in the preamble hereto. 

“Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any
agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Copyright License” means any written agreement, now or hereafter in effect, granting any right to any third party under
any Copyright now or hereafter owned by any Grantor or that such Grantor otherwise has the right to license, or granting any right to any Grantor under any Copyright now or hereafter owned by any third party, and all rights of such Grantor under any
such agreement. 
 “Copyrights” means all of the following now owned or hereafter acquired by any Grantor:
(a) all copyright rights in any work subject to the copyright laws of the United States, whether as author, assignee, transferee or otherwise, and (b) all registrations and applications for registration of any such copyright in the United
States, including registrations, recordings, supplemental registrations and pending applications for registration in the USCO. 

“Credit Agreement” means the Credit Agreement dated as of November 16, 2012 by and among the 313 Group Inc.,
Holdings, the lenders party thereto from time to time, the Credit Agreement Collateral Agent, and one or more other financing arrangements (including, without limitation, any guarantee agreements and security documents), in each case as such
agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including any agreement, indenture, credit facility, commercial paper facility or new agreement extending the maturity
of, refinancing, replacing, consolidating or otherwise restructuring all or any portion of the Indebtedness under any such agreement or any successor or replacement agreement and whether by the same or any other agent, lender or group of lenders and
whether or not increasing the amount of Indebtedness that may be incurred thereunder; provided that the collateral agent for any such other financing arrangement or agreement becomes a party to the Intercreditor Agreement by executing and delivering
a joinder thereto. 
 “Credit Agreement Obligations” has the meaning assigned to such term in the Intercreditor
Agreement. 
 “Default” or “Event of Default” means a “default” or “event of
default” under the Indenture or under any Pari Passu Lien Agreement. 

  
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 “Discharge” has the meaning assigned to such term in the Intercreditor
Agreement. 
 “Domestic Subsidiary” means any Subsidiary that is organized under the Laws of the United States,
any state thereof or the District of Columbia. 
 “Excluded Assets” means (1) in excess of 65% of the
Capital Stock of any Foreign Subsidiary or a Domestic Subsidiary that is a disregarded entity for U.S. federal income tax purposes and substantially all of whose assets consist of Capital Stock and/or Indebtedness of one or more controlled foreign
corporations and any other assets incidental thereto; (2) any property or assets owned by any Foreign Subsidiary or an Unrestricted Subsidiary; (3) any lease, license or agreement or any property subject to a purchase money security
interest or similar arrangement to the extent that a grant of a security interest therein would violate or invalidate such lease, license or agreement or purchase money arrangement or create a right of termination in favor of any other party thereto
after giving effect to the applicable anti-assignment provisions of the UCC or other applicable law, other than proceeds and receivables thereof, the assignment of which is expressly deemed effective under the UCC or other applicable law
notwithstanding such prohibition; (4) any interest in fee-owned real property of the Grantors if the greater of its cost and net book value is less than $5.0 million; (5) Excluded Contracts, Excluded Equipment and any interest in leased
real property of the Grantors; (6) motor vehicles and other assets subject to certificates of title except to the extent perfection of a security interest therein may be accomplished by filing of financing statements in appropriate form in the
applicable jurisdiction under the UCC; (7) margin stock and Capital Stock of any Person other than Wholly-Owned Subsidiaries that are Restricted Subsidiaries (but excluding Excluded Pledged Subsidiaries and Subsidiaries that are not Material
Subsidiaries); (8) any trademark application filed in the United States Patent and Trademark Office on the basis of any Grantor’s “intent to use” such mark and for which a form evidencing use of the mark has not yet been filed
with the United States Patent and Trademark Office, to the extent that granting a security interest in such trademark application prior to such filing would adversely affect the enforceability or validity of such trademark application or any
registration that issues therefrom under applicable federal law; (9) any assets to the extent a security interest in such assets would result in material adverse tax consequences as reasonably determined by the Issuer in writing; and;
(10) any governmental licenses or state or local franchises, charters and authorizations, to the extent a security in any such license, franchise, charter or authorization is prohibited or restricted thereby after giving effect to the UCC and
other applicable law; (11) pledges and security interests prohibited or restricted by applicable law (including any requirement to obtain the consent of any Governmental Authority or third party); (12) all Commercial Tort Claims in an
amount less than $8.0 million; (13) accounts, property and other assets pledged pursuant to a Qualified Securitization Facility; and (14) proceeds from any and all of the foregoing Excluded Assets described in clauses (1) through
(13) to the extent they constitute Excluded Assets; provided, however, that Excluded Assets will not include any asset of any Grantor which secures obligations with respect to Pari Passu Lien Indebtedness or Priority Payment Lien
Obligations. 
 “Excluded Contracts” means at any date any rights or interest of any Grantor under any
agreement, contract, license, instrument, document or other general intangible (referred to solely for purposes of this definition as a “Contract”) to the extent that such Contract

  
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by the terms of a restriction in favor of a Person who is not a Grantor, or any requirement of law, prohibits, or requires any consent or establishes any other condition for or would terminate
because of an assignment thereof or a grant of a security interest therein by such Grantor; provided that: (i) rights under any such Contract otherwise constituting an Excluded Contract by virtue of this definition shall be included in the
Collateral to the extent permitted thereby or by Section 9-406 or Section 9-408 of the UCC and (ii) all proceeds paid or payable to any Grantor from any sale, transfer or assignment of such Contract and all rights to receive such
proceeds shall be included in the Collateral. 
 “Excluded Equipment” means at any date any equipment or other
assets of any Grantor which is subject to, or secured by, a Capitalized Lease Obligation or a purchase money obligation if and to the extent that (i) a restriction in favor of a Person who is not a Grantor or a Subsidiary contained in the
agreements or documents granting or governing such Capitalized Lease Obligation or purchase money obligation prohibits, or requires any consent or establishes any other conditions for or would result in the termination of such agreement or document
because of an assignment thereof, or a grant of a security interest therein, by any Grantor and (ii) such restriction relates only to the asset or assets acquired by any Grantor with the proceeds of such Capitalized Lease Obligation or purchase
money obligation and attachments thereto, improvements thereof or substitutions therefor; provided that all proceeds paid or payable to any Grantor from any sale, transfer or assignment or other voluntary or involuntary disposition of such assets
and all rights to receive such proceeds shall be included in the Collateral to the extent not otherwise required to be paid to the holder of any Capitalized Lease Obligations or purchase money obligations secured by such assets. 

“Excluded Pledged Subsidiary” means (a) any Subsidiary for which the pledge of its Equity Interests is prohibited
by applicable Law or by Contractual Obligations existing on the Issue Date (or, in the case of a newly acquired Subsidiary, in existence at the time of acquisition but not entered into in contemplation thereof) or by such Subsidiary’s
Organization Documents or for which governmental (including regulatory) consent, approval, license or authorization would be required (in each case, after giving effect to the relevant provisions of the UCC or other applicable laws), (b) any
other Subsidiary with respect to which, in the reasonable judgment of the Issuer, confirmed in writing by notice to the Collateral Agent, the burden or cost or other consequences (including any material adverse tax consequences) of the pledge of its
Equity Interests shall be excessive in view of the benefits to be obtained by the Secured Parties therefrom, (c) any not-for-profit Subsidiaries, (d) any special purpose securitization vehicle (or similar entity), including any
Securitization Subsidiary only to the extent that the pledge of its Equity Interests is prohibited by applicable Law or by Contractual Obligations in connection with a Qualified Securitization Financing and (e) any Captive Insurance Subsidiary.

 “General Intangibles” has the meaning specified in Article 9 of the UCC. 

“Governmental Authority” means any nation or government, any state or other political subdivision thereof, any agency,
authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government.

  
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 “Grantor” means the Issuer, each Guarantor that is a party hereto, and each
Guarantor that becomes a party to this Agreement after the Closing Date. 
 “Holdings” has the meaning assigned
to such term in the preamble hereto. 
 “Indenture” has the meaning assigned to such term in the preamble
hereto. 
 “Intellectual Property” means all intellectual and similar property of every kind and nature now
owned or hereafter acquired by any Grantor, including inventions, designs, Patents, Copyrights, Licenses, Trademarks, trade secrets, the intellectual property rights in software and databases and related documentation and all additions and
improvements to the foregoing. 
 “Intellectual Property Security Agreements” means the short-form Patent
Security Agreement, short-form Trademark Security Agreement, and short-form Copyright Security Agreement, each substantially in the form attached hereto as Exhibits III, IV and V, respectively. 

“Intercreditor Agreement” means the Intercreditor and Collateral Agency Agreement, dated as of November 16, 2012,
among the Credit Agreement Collateral Agent (as defined therein), the Collateral Agent, Holdings, the Issuer and the other Grantors party thereto (as amended, restated, supplemented or otherwise modified from time to time). 

“Issuer” has the meaning assigned to such term in the preamble hereto. 

“Law” means means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules,
guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration
thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority. 
 “License” means any Patent License, Trademark License, Copyright License or other written agreement, now or hereafter in effect, granting any right to any third party under any
Intellectual Property now or hereafter owned by any Grantor or that such Grantor otherwise has the right to license, or granting any right to any Grantor under any Intellectual Property now or hereafter owned by any third party, together with any
and all (i) renewals, extensions, supplements and continuations thereof, (ii) income, fees, royalties, damages, claims and payments now and hereafter due and/or payable thereunder or with respect thereto including damages and payments for
past, present or future infringements or violations thereof, and (iii) rights to sue for past, present and future violations thereof. 
 “Material Adverse Effect” means (i) a material adverse effect on the condition (financial or otherwise), or in the earnings, business or results of operations, whether or not arising
from transactions in the ordinary course of business, of the Issuer and its subsidiaries, taken as a whole, (ii) a material adverse effect on the ability of the Grantors (taken as a whole) to perform their respective payment obligations under
the Indenture to which any of the Grantors is a party or (iii) a material adverse effect on the rights and remedies of the Holders or the Trustee or agents under the Security Documents. 

  
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 “Material Domestic Subsidiary” means any Subsidiary that constitutes
a “Material Domestic Subsidiary” as such term is defined in the Credit Agreement as in effect on the date hereof. 
 “Material Subsidiary” means any Subsidiary that constitutes a “Material Subsidiary” as such term is defined in the Credit Agreement as in effect on the date hereof.

 “Mortgaged Properties” has the meaning specified in the Credit Agreement as in effect on the date
hereof. 
 “Notes Documents” means the Notes, the Guarantees, the Indenture and the related
Security Documents.  
 “Notes Obligations” mean the Obligations in respect of the Notes, the
Guarantees, the Indenture and the related Security Documents.  
 “Organization Documents” means,
(a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability
company, the certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable
agreement of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or
organization and, if applicable, any certificate or articles of formation or organization of such entity. 

“Pari Passu Lien Agent” means the Person appointed to act as trustee, agent or representative for the holders of
Pari Passu Lien Indebtedness pursuant to any Pari Passu Lien Agreement. 
 “Pari Passu Lien
Agreement” means the indenture, credit agreement or other agreement or instrument under which any Pari Passu Lien Indebtedness (or the Indenture, in the case of Additional Notes) are issued or incurred and all other instruments, agreements
and other documents evidencing or governing such Pari Passu Lien Indebtedness or providing any guarantee, Lien or other right in respect thereto. 
 “Pari Passu Lien Joinder Agreement” means an agreement substantially in the form of Exhibit VI hereto. 

“Patent License” means any written agreement, now or hereafter in effect, granting to any third party any right
to make, use or sell any invention on which a Patent, now or hereafter owned by any Grantor or that any Grantor otherwise has the right to license, is in existence, or granting to any Grantor any right to make, use or sell any invention on which a
Patent, now or hereafter owned by any third party, is in existence, and all rights of any Grantor under any such agreement. 

  
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 “Patents” means all of the following now owned or hereafter acquired
by any Grantor: (a) all letters Patent of the United States in or to which any Grantor now or hereafter has any right, title or interest therein, all registrations and recordings thereof, and all applications for letters Patent of the United
States, including registrations, recordings and pending applications in the USPTO, and (b) all reissues, continuations, divisions, continuations-in-part, renewals, improvements or extensions thereof, and the inventions disclosed or claimed
therein, including the right to make, use and/or sell the inventions disclosed or claimed therein. 

“Perfection Certificate” means a certificate substantially in the form of Exhibit II, completed and
supplemented with the schedules and attachments contemplated thereby, and duly executed by a Responsible Officer of each of the Grantors. 
 “Pledged Collateral” has the meaning assigned to such term in Section 2.01. 
 “Pledged Debt” has the meaning assigned to such term in Section 2.01. 
 “Pledged Equity” has the meaning assigned to such term in Section 2.01. 
 “Pledged Securities” means the Pledged Equity and Pledged Debt. 
 “Rule 3-16 Exception” has the meaning assigned to such term in Section 2.01. 
 “Secured Documents” means the Notes Documents and each Pari Passu Lien Agreement. 
 “Secured Parties” means, collectively, the Collateral Agent, the Trustee, the Holders, each Pari Passu Lien Agent, each holder of Pari Passu Lien Indebtedness that constitutes
Secured Obligations and the other Persons the Secured Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Security Documents (other than the Intercreditor Agreement). 

“Secured Obligations” means (i) the Notes Obligations and (ii) the Obligations in respect of any Pari
Passu Lien Indebtedness; provided that no Obligations in respect of Pari Passu Lien Indebtedness (other than Additional Notes) shall constitute “Secured Obligations” unless the Pari Passu Lien Agent for the holders of
such Pari Passu Lien Indebtedness has executed a Pari Passu Lien Joinder Agreement and has become a party to the Intercreditor Agreement. 
 “Security Agreement Supplement” means an instrument substantially in the form of Exhibit I hereto. 

“Security Document” means, collectively, the security agreements, including the Agreement, pledge agreements,
mortgages, collateral assignments, deeds of trust and all other pledges, agreements, financing statements, patent, trademark or copyright filings, mortgages or  

  
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other filings or documents that create or purport to create a Lien in the Collateral in favor of the Collateral Agent and the Intercreditor Agreement, in each case as they may be amended from
time to time, and any instruments of assignment, control agreements, lockbox letters or other instruments or agreements executed pursuant to the foregoing. 
 “Subsidiary Parties” means (a) the Restricted Subsidiaries identified on Schedule I and (b) each other Restricted Subsidiary that becomes a party to this
Agreement as a Subsidiary Party after the Closing Date. 
 “Trademark License” means any written
agreement, now or hereafter in effect, granting to any third party any right to use any Trademark now or hereafter owned by any Grantor or that any Grantor otherwise has the right to license, or granting to any Grantor any right to use any Trademark
now or hereafter owned by any third party, and all rights of any Grantor under any such agreement. 

“Trademarks” means all of the following now owned or hereafter acquired by any Grantor: (a) all trademarks,
service marks, trade names, corporate names, trade dress, logos, designs, fictitious business names other source or business identifiers, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all registration
and recording applications filed in connection therewith, including registrations and registration applications in the USPTO or any similar offices in any State of the United States or any political subdivision thereof, and all extensions or
renewals thereof, as well as any unregistered trademarks and service marks used by a Grantor and (b) all goodwill connected with the use of and symbolized thereby. 
 “Trustee” has the meaning assigned to such term in the preamble hereto. 
 “UCC” means the Uniform Commercial Code as from time to time in effect in the State of New York; provided that, if perfection or the effect of perfection or
non-perfection or the priority of the security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, “UCC” means the Uniform Commercial Code as in effect from
time to time in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection or non-perfection or priority. 
 “USCO” means the United States Copyright Office. 

“USPTO” means the United States Patent and Trademark Office. 

ARTICLE II 

Pledge of Securities 
 SECTION 2.01 Pledge. 
 (a) As security for the payment or performance, as
the case may be, in full of the Secured Obligations, including the Guarantees, each of the Grantors hereby assigns and pledges to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, and hereby grants to the
Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest in all of such Grantors’ right, title and interest in, to and under: 

(i) all Equity Interests held by it that are listed on Schedule II and any other Equity Interests obtained in
the future by such Grantor and the certificates representing all such Equity Interests (the “Pledged Equity”); provided that the Pledged Equity shall not include (A) Excluded Assets, (B) for the avoidance of doubt,
Equity Interests in excess of 65% of the issued and outstanding Equity Interests of (1) any Restricted Subsidiary that is a wholly owned Material Domestic Subsidiary that is directly owned by the Issuer or by any Subsidiary Guarantor and that
(x) is treated as a disregarded entity for federal income tax purposes and (y) substantially all of the assets of which consist of the Equity Interests and/or Indebtedness of one or more CFCs and any other assets incidental thereto and
(2) any Restricted Subsidiary that is a wholly owned Material Foreign Subsidiary that is directly owned by the Issuer or by any Subsidiary Guarantor or (C) Equity Interests in Excluded Pledged Subsidiaries and Subsidiaries that are not
Material Subsidiaries; 

  
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 (ii) (A) the debt securities owned by it and listed opposite the name
of such Grantor on Schedule II, (B) any debt securities obtained in the future by such Grantor and (C) the promissory notes and any other instruments evidencing such debt securities (the “Pledged Debt”);
provided that the Pledged Debt shall not include any Excluded Assets; 
 (iii) subject to
Section 2.06, all payments of principal or interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of, in exchange for or upon the conversion of, and all other
Proceeds received in respect of, the securities referred to in clauses (i) and (ii) above; 
 (iv)
subject to Section 2.06, all rights and privileges of such Grantor with respect to the securities and other property referred to in clauses (i), (ii), (iii) and (iv) above; and 

(v) all Proceeds of any of the foregoing 
 (the items referred to in clauses (i) through (vi) above being collectively referred to as the “Pledged Collateral”). 

(b) Notwithstanding the foregoing, 
 (i) the Capital Stock and other securities of the Issuer or any Subsidiary of the Issuer that are owned by the Issuer or any Guarantor shall constitute Collateral only to the extent that such Capital
Stock and other securities can secure the Senior Secured Notes and Pari Passu Lien Indebtedness without Rule 3 16 (or any other law, rule or regulation) requiring separate financial statements of such Subsidiary to be filed with the SEC (or any
other governmental agency)(the “Rule 3-16 Exception”); 

  
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 (ii) in the event that Rule 3-16 requires or is amended, modified or
interpreted by the SEC to require (or is replaced with another rule or regulation, or any other law, rule or regulation is adopted, which would require) the filing with the SEC (or any other governmental agency) of separate financial statements of
the Issuer (if at such time the Issuer satisfies the requirements of Section 4.03 of the Indenture by furnishing information relating to Holdings (or any parent entity of Holdings)), or of any Subsidiary of the Issuer, due to the fact that the
Issuer’s or such Subsidiary’s Capital Stock and other securities secure the Notes and/or Pari Passu Lien Indebtedness, then the Capital Stock and other securities of the Issuer or of such Subsidiary shall automatically be deemed not to be
part of the Collateral (but only to the extent necessary to not be subject to such requirement) and in such event, the Collateral Documents may be amended or modified, without the consent of any Holder or a holder of Pari Passu Lien Indebtedness, to
the extent necessary to release the security interests in the shares of Capital Stock and other securities that are so deemed to no longer constitute part of the Collateral; and 

(iii) in the event that Rule 3-16 is amended, modified or interpreted by the SEC to permit (or is replaced with another
rule or regulation, or any other law, rule or regulation is adopted, which would permit) the Issuer’s or such Subsidiary’s Capital Stock and other securities to secure the Notes and/or Pari Passu Lien Indebtedness in excess of the amount
then pledged without the filing with the SEC (or any other governmental agency) of separate financial statements of the Issuer or such Subsidiary, then the Capital Stock and other securities of the Issuer or of such Subsidiary shall automatically be
deemed to be a part of the Collateral (but only to the extent permitted without becoming subject to any such financial statement requirements). In such event, the Collateral Documents may be amended or modified, without the consent of any Holder or
holders of Pari Passu Lien Indebtedness, to the extent necessary to subject to the Liens under the Collateral Documents such additional Capital Stock and other securities. 
 TO HAVE AND TO HOLD the Pledged Collateral, together with all right, title, interest, powers, privileges and preferences pertaining or incidental thereto, unto the Collateral Agent, its successors and
assigns, for the benefit of the Secured Parties, forever, subject, however, to the terms, covenants and conditions hereinafter set forth. 
 SECTION 2.02 Delivery of the Pledged Equity. 
 (a) Each Grantor agrees
promptly (but in any event within 30 days after receipt by such Grantor or such longer period as the Collateral Agent may agree in its reasonable discretion) to deliver or cause to be delivered to the Collateral Agent, for the benefit of the Secured
Parties, any and all (i) Pledged Equity to the extent certificated and (ii) to the extent required to be delivered pursuant to paragraph (b) of this Section 2.02, Pledged Debt. 

(b) Each Grantor will cause any Indebtedness for borrowed money having an aggregate principal amount in excess of $5,000,000 owed to such
Grantor by any Person that is evidenced by a duly executed promissory note to be pledged and delivered to the Collateral Agent, for the benefit of the Secured Parties, pursuant to the terms hereof. 

  
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 (c) Upon delivery to the Collateral Agent, any Pledged Securities shall be accompanied by
stock or security powers duly executed in blank or other instruments of transfer as may be necessary or customary to perfect the security interest of the Collateral Agent in such Pledged Securities (other than instruments or documents governed by or
requiring actions in any non-U.S. jurisdiction related to Equity Interests of Foreign Subsidiaries). Each delivery of Pledged Securities shall be accompanied by a schedule describing the securities, which schedule shall be deemed to supplement
Schedule II and made a part hereof; provided that failure to supplement Schedule II shall not affect the validity of such pledge of such Pledged Equity. Each schedule so delivered shall supplement any prior schedules so
delivered. 
 SECTION 2.03 Representations, Warranties and Covenants. Each Grantor represents, warrants and covenants to
and with the Collateral Agent, for the benefit of the Secured Parties, that: 
 (a) as of the date hereof,
Schedule II includes all Equity Interests, debt securities and promissory notes required to be pledged pursuant to Section 11.01 of the Indenture, Section 2.01 of this Agreement and any comparable provision of each Pari Passu Lien
Agreement; 
 (b) the Pledged Equity issued by the Issuer or a wholly-owned Restricted Subsidiary have been duly
and validly authorized and issued by the issuers thereof and are fully paid and nonassessable; 
 (c) except for
the security interests granted hereunder, such Grantor (i) is, subject to any transfers made in compliance with each Secured Document, the direct owner, beneficially and of record, of the Pledged Equity indicated on Schedule II,
(ii) holds the same free and clear of all Liens, other than (A) Liens created by the Security Documents and (B) non-consensual Permitted Liens, and (iii) if requested by the Collateral Agent, will defend its title or interest
thereto or therein against any and all Liens (other than the Liens permitted pursuant to this Section 2.03(c)), however arising, of all Persons whomsoever; 
 (d) except for restrictions and limitations (i) imposed or permitted by the Secured Documents or securities laws generally, (ii) in the case of Pledged Equity of Persons that are not
Subsidiaries, transfer restrictions that exist at the time of acquisition of Equity Interests in such Persons, and (iii) except as described in the Perfection Certificate, the Pledged Collateral is freely transferable and assignable, and none
of the Pledged Collateral is subject to any option, right of first refusal, shareholders agreement, charter or by-law provisions or contractual restriction of any nature that might prohibit, impair, delay or otherwise affect in any manner material
and adverse to the Secured Parties the pledge of such Pledged Collateral hereunder, the sale or disposition thereof pursuant hereto or the exercise by the Collateral Agent of rights and remedies hereunder; 

(e) the execution and performance by the Grantors of this Agreement are within each Grantor’s corporate powers and
have been duly authorized by all necessary corporate action or other organizational action; 

  
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 (f) no consent or approval of any Governmental Authority, any securities
exchange or any other Person was or is necessary to the validity of the pledge effected hereby, except for (i) filings and registrations necessary to perfect the Liens on the Collateral granted by the Grantors in favor of the Secured Parties
and (ii) the approvals, consents, exemptions, authorizations, actions, notices and filings which have been duly obtained, taken, given or made and are in full force and effect (except to the extent not required to be obtained, taken, given, or
made or to be in full force and effect pursuant to the Secured Documents); 
 (g) by virtue of the execution and
delivery by each Grantor of this Agreement, when the Pledged Securities are delivered to the Collateral Agent in accordance with this Agreement and are in continued possession by the Collateral Agent in the State of New York, the Collateral Agent
for the benefit of the Secured Parties will have a legal, valid and perfected lien upon and security interest in such Pledged Security as security for the payment and performance of the Secured Obligations to the extent such perfection is governed
by the UCC, subject only to non-consensual Permitted Liens; and 
 (h) the pledge effected hereby is effective to
vest in the Collateral Agent, for the benefit of the Secured Parties, the rights of the Collateral Agent in the Pledged Collateral as set forth herein. 
 Subject to the terms of this Agreement, each Grantor hereby agrees that upon the occurrence and during the continuance of an Event of Default, it will comply with instructions of the Collateral Agent with
respect to the Equity Interests in such Grantor that constitute Pledged Equity hereunder that are not certificated without further consent by the applicable owner or holder of such Equity Interest. 

Notwithstanding anything to the contrary in this Agreement, to the extent any provision of this Agreement or the Indenture excludes any
assets from the scope of the Pledged Collateral, or from any requirement to take any action to perfect any security interest in favor of the Collateral Agent for the benefit of the Secured Parties in the Pledged Collateral, the representations,
warranties and covenants made by any relevant Grantor in this Agreement with respect to the creation, perfection or priority (as applicable) of the security interest granted in favor of the Collateral Agent for the benefit of the Secured Parties
(including, without limitation, this Section 2.03) shall be deemed not to apply to such excluded assets. 
 SECTION 2.04
Certification of Limited Liability Company and Limited Partnership Interests. No interest in any limited liability company or limited partnership controlled by any Grantor that constitutes Pledged Equity shall be represented by a certificate
unless (i) the limited liability company agreement or partnership agreement expressly provides that such interests shall be a “security” within the meaning of Article 8 of the UCC of the applicable jurisdiction, and (ii) such
certificate shall be delivered to the Collateral Agent in accordance with Section 2.02. Any limited liability company and any limited partnership controlled by any Grantor shall either (a) not include in its operative documents any
provision that any Equity Interests in such limited liability company or such limited partnership be a “security” as defined under Article 8 of the Uniform Commercial Code or (b) certificate any Equity Interests in any such limited

  
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liability company or such limited partnership. To the extent an interest in any limited liability company or limited partnership controlled by any Grantor and pledged under Section 2.01 is
certificated or becomes certificated (i) each such certificate shall be delivered to the Collateral Agent, pursuant to Section 2.02(a) and (ii) such Grantor shall fulfill all other requirements under Section 2.02 applicable in
respect thereof. Such Grantor hereby agrees that, if any of the Pledged Collateral are at any time not evidenced by certificates of ownership, then each applicable Grantor shall, to the extent permitted by applicable law, if necessary or, upon the
request of the Collateral Agent, desirable to perfect a security interest in such Pledged Collateral, cause such pledge to be recorded on the equity holder register or the books of the issuer, execute any customary pledge forms or other documents
necessary or appropriate to complete the pledge and give the Collateral Agent the right to transfer such Pledged Collateral under the terms hereof. 
 SECTION 2.05 Registration in Nominee Name; Denominations. If an Event of Default shall have occurred and be continuing and the Collateral Agent shall have given the Issuer prior written notice of
its intent to exercise such rights, (a) the Collateral Agent, on behalf of the Secured Parties, shall have the right to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of
the applicable Grantor, endorsed or assigned in blank or in favor of the Collateral Agent and each Grantor will promptly give to the Collateral Agent copies of any written notices or other written communications received by it with respect to
Pledged Equity registered in the name of such Grantor and (b) the Collateral Agent shall have the right to exchange the certificates representing Pledged Equity for certificates of smaller or larger denominations for any purpose consistent with
this Agreement, to the extent permitted by the documentation governing such Pledged Securities and applicable laws. 
 SECTION
2.06 Voting Rights; Dividends and Interest. 
 (a) Unless and until an Event of Default shall have occurred and be
continuing and the Collateral Agent shall have provided prior notice to the Issuer that the rights of the Grantor under this Section 2.06 are being suspended: 

(i) Each Grantor shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an
owner of Pledged Securities or any part thereof for any purpose not inconsistent with the terms of this Agreement, the Indenture and the other Secured Documents. 

(ii) The Collateral Agent shall promptly (after reasonable advance notice) execute and deliver to each Grantor, or cause
to be executed and delivered to such Grantor, all such proxies, powers of attorney and other instruments as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and/or consensual rights and powers it is
entitled to exercise pursuant to subparagraph (i) above. 
 (iii) Each Grantor shall be entitled to receive
and retain any and all dividends, interest, principal and other distributions paid on or distributed in respect of the Pledged Securities to the extent and only to the extent that such dividends, interest, principal and other distributions are
permitted by, and otherwise paid or distributed in accordance with, 

  
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the terms and conditions of the Indenture, the other Secured Documents and applicable Laws; provided that any noncash dividends, interest, principal or other distributions that would
constitute Pledged Equity or Pledged Debt, whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests of the issuer of any Pledged Securities or received in exchange for Pledged Securities or any part
thereof, or in redemption thereof, or as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party or otherwise, shall be and become part of the Pledged Collateral, and, if received by any
Grantor, shall not be commingled by such Grantor with any of its other funds or property but shall be held separate and apart therefrom, shall be held in trust for the benefit of the Collateral Agent and the Secured Parties and shall be promptly
(and in any event within 20 Business Days or such longer period as the Collateral Agent may agree in its reasonable discretion) delivered to the Collateral Agent in the same form as so received (with any necessary endorsement reasonably requested by
the Collateral Agent). So long as no Default or Event of Default has occurred and is continuing, the Collateral Agent shall promptly deliver to each Grantor any Pledged Securities in its possession if requested to be delivered to the issuer thereof
in connection with any exchange or redemption of such Pledged Securities permitted by the Secured Documents in accordance with this Section 2.06(a)(iii). 
 (b) Upon the occurrence and during the continuance of an Event of Default, after the Collateral Agent shall have notified the Issuer of the suspension of the Grantors’ rights under paragraph (a)(iii)
of this Section 2.06, then all rights of any Grantor to dividends, interest, principal or other distributions that such Grantor is authorized to receive pursuant to paragraph (a)(iii) of this Section 2.06 shall cease, and all such rights
shall thereupon become vested in the Collateral Agent, which shall have the sole and exclusive right and authority to receive and retain such dividends, interest, principal or other distributions subject to the terms of the Intercreditor Agreement.
All dividends, interest, principal or other distributions received by any Grantor contrary to the provisions of this Section 2.06 shall be held in trust for the benefit of the Collateral Agent, shall be segregated from other property or funds
of such Grantor and shall be promptly (and in any event within 10 days or such longer period as the Collateral Agent may agree in its reasonable discretion) delivered to the Collateral Agent upon demand in the same form as so received (with any
necessary endorsement reasonably requested by the Collateral Agent). Any and all money and other property paid over to or received by the Collateral Agent pursuant to the provisions of this paragraph (b) shall be retained by the Collateral
Agent in an account to be established by the Collateral Agent upon receipt of such money or other property and shall be applied in accordance with the provisions of Section 4.02. After all Events of Default have been cured or waived, the
Collateral Agent shall promptly repay to each Grantor (without interest) all dividends, interest, principal or other distributions that such Grantor would otherwise be permitted to retain pursuant to the terms of paragraph (a)(iii) of this
Section 2.06 and that remain in such account. 
 (c) Upon the occurrence and during the continuance of an Event of Default,
after the Collateral Agent shall have provided the Issuer with notice of the suspension of its rights under paragraph (a)(i) of this Section 2.06, then all rights of any Grantor to exercise the voting and consensual rights and powers it is
entitled to exercise pursuant to paragraph (a)(i) of 

  
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this Section 2.06, and the obligations of the Collateral Agent under paragraph (a)(ii) of this Section 2.06, shall cease, and all such rights shall thereupon become vested in the
Collateral Agent, which shall have the sole and exclusive right and authority to exercise such voting and consensual rights and powers; provided that the Collateral Agent shall have the right from time to time following and during the
continuance of an Event of Default to permit the Grantors to exercise such rights. After all Events of Default have been cured or waived, each Grantor shall have the exclusive right to exercise the voting and/or consensual rights and powers that
such Grantor would otherwise be entitled to exercise pursuant to the terms of paragraph (a)(i) above, and the obligations of the Collateral Agent under paragraph (a)(ii) of this Section 2.06 shall be reinstated. 

(d) Any notice given by the Collateral Agent to the Issuer under Section 2.05 or Section 2.06 (i) shall be given in
writing, (ii) may be given with respect to one or more Grantors at the same or different times and (iii) may suspend the rights of the Grantors under paragraph (a)(i) or paragraph (a)(iii) of this Section 2.06 in part without
suspending all such rights (as specified by the Collateral Agent in its sole and absolute discretion) and without waiving or otherwise affecting the Collateral Agent’s rights to give additional notices from time to time suspending other rights
so long as an Event of Default has occurred and is continuing. 
 ARTICLE III 

Security Interests in Personal Property 
 SECTION 3.01 Security Interest. 
 (a) As security for the payment or
performance, as the case may be, in full of the Secured Obligations, including the Guarantees, each Grantor hereby assigns and pledges to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, and hereby grants to
the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest (the “Security Interest”) in, all right, title or interest in or to any and all of the following assets and properties now
owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Article 9 Collateral”): 

(i) all Accounts; 
 (ii) all Chattel Paper; 
 (iii) all Documents; 

(iv) all Equipment; 
 (v) all General Intangibles; 
 (vi) all Goods; 

(vii) all Instruments; 

  
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 (viii) all Inventory; 

(ix) all Investment Property; 
 (x) all books and records pertaining to the Article 9 Collateral; 

(xi) all Fixtures; 
 (xii) all Letter-of-Credit Rights, but only to the extent constituting a supporting obligation for other Article 9 Collateral as to which perfection of security interests in such Article 9 Collateral is
accomplished by the filing of a UCC financing statement; 
 (xiii) all Intellectual Property; 

(xiv) all Commercial Tort Claims listed on Schedule III and on any supplement thereto received by the
Collateral Agent pursuant to Section 3.03(g); and 
 (xv) to the extent not otherwise included, all Proceeds
and products of any and all of the foregoing and all Supporting Obligations, collateral security and guarantees given by any Person with respect to any of the foregoing; 
 provided that, notwithstanding anything to the contrary in this Agreement, this Agreement shall not constitute a grant of a security interest in any Excluded Assets. 

(b) Subject to Section 3.01(e), each Grantor hereby irrevocably authorizes the Collateral Agent for the benefit of the Secured
Parties at any time and from time to time to file in any relevant jurisdiction any initial financing statements with respect to the Article 9 Collateral or any part thereof and amendments thereto that (i) indicate the Article 9 Collateral as
“all assets” or “all personal property” of such Grantor or words of similar effect as being of an equal or lesser scope or with greater detail and (ii) contain the information required by Article 9 of the UCC or the
analogous legislation of each applicable jurisdiction for the filing of any financing statement or amendment, including whether such Grantor is an organization, the type of organization and, if required, any organizational identification number
issued to such Grantor. Each Grantor agrees to provide such information to the Collateral Agent promptly upon any reasonable request. 
 (c) The Security Interest is granted as security only and shall not subject the Collateral Agent or any other Secured Party to, or in any way alter or modify, any obligation or liability of any Grantor
with respect to or arising out of the Article 9 Collateral. 
 (d) Each Grantor hereby further authorizes the Collateral Agent
to file one or more Intellectual Property Security Agreements substantially in the form of Exhibit III, IV or V, as applicable, for the purpose of perfecting, confirming, continuing, enforcing or protecting the Security Interest in United States
Intellectual Property of each Grantor in which a security interest has been granted by each Grantor naming any Grantor or the Grantor as debtors and the Collateral Agent as secured party. 

  
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 (e) Notwithstanding anything to the contrary in this Agreement, the Indenture or the Secured
Documents, none of the Grantors shall be required, nor is the Collateral Agent authorized, (i) to perfect the Security Interests granted by this Security Agreement (including Security Interests in Investment Property and Fixtures) by any means
other than by (A) filings pursuant to the Uniform Commercial Code in the office of the secretary of state (or similar central filing office) of the relevant State(s), and filings in the applicable real estate records with respect to any
fixtures relating to Mortgaged Properties, (B) filings in United States government offices with respect to Intellectual Property of Grantor as expressly required elsewhere herein, (C) delivery to the Collateral Agent to be held in its
possession of all Collateral consisting of Instruments and certificated Pledged Equity as expressly required elsewhere herein or (D) other methods expressly provided herein, (ii) to enter into any deposit account control agreement,
securities account control agreement or any other control agreement with respect to any deposit account, securities account or any other Collateral that requires perfection by “control,” (iii) to take any action (other than the
actions listed in clauses (i)(A) and (C) above) with respect to any assets located outside of the United States, (iv) to perfect in any assets subject to a certificate of title statute or (v) to deliver any Equity Interests except as
expressly provided in Section 2.01. 
 SECTION 3.02 Representations and Warranties. Each Grantor jointly and
severally represents and warrants, as to itself and the other Grantors, to the Collateral Agent and the Secured Parties that: 
 (a) Subject to any Permitted Liens, each Grantor has good and valid rights in and title (except as otherwise permitted by the Security Documents) to the Article 9 Collateral with respect to which it has
purported to grant a Security Interest hereunder and has full power and authority to grant to the Collateral Agent the Security Interest in such Article 9 Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance
with the terms of this Agreement, without the consent or approval of any other Person other than (i) any consent or approval that has been obtained and (ii) those consents or approvals, the failure of which to be obtained or to be made
could not reasonably be expected to have a Material Adverse Effect. 
 (b) The Perfection Certificate has been
duly prepared, completed and executed and the information set forth therein is correct and complete in all material respects (except the information therein with respect to the exact legal name of each Grantor shall be correct and complete in all
respects) as of the Closing Date. Subject to Section 3.01(e), the UCC financing statements or other appropriate filings, recordings or registrations prepared based upon the information provided in the Perfection Certificate for filing in the
applicable filing office (or specified by notice from the Issuer to the Collateral Agent after the Issue Date in the case of filings, recordings or registrations (other than filings required to be made in the USPTO and the USCO in order to perfect
the Security Interest in Article 9 Collateral consisting of United States Patents, Trademarks and Copyrights, which are addressed in Section 3.02(c)), in each case, as required by Article 11 of the Indenture (or such equivalent provision in any
other Secured Document)), are all the filings, recordings and registrations that are necessary to establish a legal, valid and perfected security interest in favor of the Collateral Agent (for the benefit of the Secured Parties) in respect of all
Article 9 Collateral in which the Security Interest may be perfected 

  
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by filing, recording or registration in the United States (or any political subdivision thereof) and its territories and possessions pursuant to the Uniform Commercial Code, and no further or
subsequent filing, re-filing, recording, rerecording, registration or re-registration is necessary in any such jurisdiction, except as provided under applicable Law with
respect to the filing of continuation statements. 
 (c) Each Grantor represents and warrants that short-form
Intellectual Property Security Agreements containing a description of all Article 9 Collateral consisting of material (i) United States registered Patents (and Patents for which United States registration applications are pending),
(ii) United States registered Trademarks (and Trademarks for which United States registration applications are pending) and (iii) United States registered Copyrights, respectively (other than, in each case, any Excluded Assets), have been
delivered for recording by the USPTO and the USCO pursuant to 35 U.S.C. § 261, 15 U.S.C. § 1060 or 17 U.S.C. § 205 and the regulations thereunder, as applicable, (for the benefit of the Secured Parties) in respect of
all Article 9 Collateral consisting of registrations and applications for Patents, Trademarks and Copyrights. To the extent a security interest may be perfected by filing, recording or registration in USPTO or USCO under the Federal intellectual
property laws, then no further or subsequent filing, re-filing, recording, rerecording, registration or re-registration is necessary (other than (x) such filings
and actions as are necessary to perfect the Security Interest with respect to any Article 9 Collateral consisting of Patents, Trademarks and Copyrights (or registration or application for registration thereof) acquired or developed by any Grantor
after the date hereof and (y) the UCC financing and continuation statements contemplated in Section 3.02(b)). 
 (d) The Security Interest constitutes (i) a legal and valid security interest in all the Article 9 Collateral securing the payment and performance of the Secured Obligations and (ii) subject to
the filings described in Sections 3.02(b) and 3.02(c), a perfected security interest in all Article 9 Collateral in which a security interest may be perfected by filing, recording or registering a financing statement or analogous document in the
United States (or any political subdivision thereof) and its territories and possessions pursuant to the Uniform Commercial Code. Subject to Section 3.01(e) of this Agreement, the Security Interest is and shall be prior to any other Lien on any
of the Article 9 Collateral, other than any Permitted Lien subject to the terms of the Intercreditor Agreement. 

(e) The Article 9 Collateral is owned by the Grantors free and clear of any Lien, except for Permitted Liens. None of the
Grantors has filed or consented to the filing of (i) any financing statement or analogous document under the Uniform Commercial Code or any other applicable Laws covering any Article 9 Collateral, (ii) any assignment in which any Grantor
assigns any Article 9 Collateral or any security agreement or similar instrument covering any Article 9 Collateral with the USPTO or the USCO or (iii) any assignment in which any Grantor assigns any Article 9 Collateral or any security
agreement or similar instrument covering any Article 9 Collateral with any foreign governmental, municipal or other office, which financing statement or analogous document, assignment, security agreement or similar instrument is still in effect,
except, in each case, for Permitted Liens. 
 (f) As of the date hereof, no Grantor has any Commercial Tort Claim
in excess of $8,000,000, other than the Commercial Tort Claims listed on Schedule III. 

  
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 SECTION 3.03 Covenants. 

(a) The Issuer agrees to notify the Collateral Agent in writing promptly, but in any event within 60 days (or such longer period as the
Collateral Agent may agree in its reasonable discretion), after any change in (i) the legal name of any Grantor, (ii) the identity or type of organization or corporate structure of any Grantor, (iii) the jurisdiction of organization
of any Grantor or (iv) the organizational identification number of such Grantor, if any. 
 (b) Subject to
Section 3.01(e) and Section 3.03(f)(iv), each Grantor shall, at its own expense, take any and all commercially reasonable actions necessary or reasonably requested by the Collateral Agent to defend title to the Article 9 Collateral against
all Persons and to defend the Security Interest of the Collateral Agent in the Article 9 Collateral and the priority thereof against any Lien that is not a Permitted Lien; provided that, nothing in this Agreement shall prevent any Grantor
from discontinuing the operation or maintenance of any of its assets or properties if such discontinuance is (x) determined by such Grantor to be desirable in the conduct of its business and (y) not prohibited by the Indenture and the
other Security Documents. 
 (c) Subject to Section 3.01(e), each Grantor agrees, at its own expense, to execute,
acknowledge, deliver and cause to be duly filed all such further instruments and documents and take all such actions as are necessary, customary or as the Collateral Agent may from time to time reasonably request to better assure, preserve, protect
and perfect the Security Interest and the rights and remedies created hereby, including the payment of any reasonable fees and taxes required in connection with the execution and delivery of this Agreement, the granting of the Security Interest and
the filing of any financing statements (including amendments or continuations thereof) or other documents in connection herewith or therewith. If any amount payable under or in connection with any of the Article 9 Collateral that is in excess of
$5,000,000 shall be or become evidenced by any promissory note, other instrument or debt security, such note, instrument or debt security shall be promptly (and in any event within 30 days of its acquisition or such longer period as the Collateral
Agent may agree in its reasonable discretion) pledged and delivered to the Collateral Agent, for the benefit of the Secured Parties, duly endorsed in in such manner as is customary to perfect the security interest of the Collateral Agent.

 (d) At its option, the Collateral Agent may discharge past due taxes, assessments, charges, fees, Liens, security interests
or other encumbrances at any time levied or placed on the Article 9 Collateral (other than Permitted Liens), and may pay for the maintenance and preservation of the Article 9 Collateral to the extent any Grantor fails to do so as required by the
Indenture or any other Secured Document and within a reasonable period of time after the Collateral Agent has requested that it do so, and each Grantor jointly and severally agrees to reimburse the Collateral Agent within 10 Business Days after
demand for any payment made or any reasonable expense incurred by the Collateral Agent pursuant to the foregoing authorization; provided, however, the Grantors shall not be obligated to reimburse the Collateral Agent with respect to
any Intellectual Property that any Grantor has failed to maintain or pursue, or otherwise allowed to lapse, terminate, expire or be put into the public domain in accordance with Section 3.03(f)(iv).

  
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Nothing in this paragraph shall be interpreted as excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any Secured Party to cure or perform, any
covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, Liens, security interests or other encumbrances and maintenance as set forth herein or in the other Secured Documents. 

(e) Each Grantor (rather than the Collateral Agent or any Secured Party) shall remain liable (as between itself and any relevant
counterparty) to observe and perform all the conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the Article 9 Collateral, all in accordance with the terms and conditions thereof,
and each Grantor jointly and severally agrees to indemnify and hold harmless the Collateral Agent from and against any and all liability for such performance. 
 (f) If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other Person the value of which is in excess of $5,000,000 to secure payment and performance of an
Account, such Grantor shall promptly assign such security interest to the Collateral Agent for the benefit of the Secured Parties; provided that, notwithstanding anything to the contrary in this Agreement, this Agreement shall not constitute
a grant of a security interest in any Excluded Assets. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or
other Person granting the security interest. 
 (g) Intellectual Property Covenants. 

(i) Other than to the extent not prohibited herein or in the Indenture or any other Secured Document or with respect to registrations and
applications no longer used or useful, except to the extent failure to act would not, as deemed by the applicable Grantor in its reasonable business judgment, reasonably be expected to have a Material Adverse Effect, with respect to registration or
pending application of each item of its Intellectual Property for which such Grantor has standing to do so, each Grantor agrees to take, at its expense, all reasonable steps, including, without limitation, in the USPTO, the USCO and any other
governmental authority located in the United States, to pursue the registration and maintenance of each Patent, Trademark, or Copyright registration or application now or hereafter included in the Intellectual Property of such Grantor that are not
Excluded Assets. 
 (ii) Other than to the extent not prohibited herein or in the Indenture or any other Secured Document, or
with respect to registrations and applications no longer used or useful, or except as would not, as deemed by the applicable Grantor in its reasonable business judgment, reasonably be expected to have a Material Adverse Effect, no Grantor shall do
or permit any act or knowingly omit to do any act whereby any of its Intellectual Property, excluding Excluded Assets, may lapse, be terminated, or become invalid or unenforceable or placed in the public domain (or in the case of a trade secret,
become publicly known). 
 (iii) Other than as excluded or as not prohibited herein or in the Indenture or any other Secured
Document, or with respect to Patents, Copyrights or Trademarks which are no longer used or useful in the applicable Grantor’s business operations or except where failure to 

  
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do so would not, as deemed by the applicable Grantor in its reasonable business judgment, reasonably be expected to have a Material Adverse Effect, each Grantor shall take all reasonable steps to
preserve and protect each item of its Intellectual Property, including, without limitation, maintaining the quality of any and all products or services used or provided in connection with any of the Trademarks, consistent with the quality of the
products and services as of the date hereof, and taking reasonable steps necessary to ensure that all licensed users of any of the Trademarks abide by the applicable license’s terms with respect to standards of quality. 

(iv) Notwithstanding any other provision of this Agreement, nothing in this Agreement or any other Secured Document prevents or shall be
deemed to prevent any Grantor from disposing of, discontinuing the use or maintenance of, failing to pursue, or otherwise allowing to lapse, terminate, expire or be put into the public domain, any of its Intellectual Property to the extent permitted
by the Indenture or any Secured Document if such Grantor determines in its reasonable business judgment that such discontinuance is desirable in the conduct of its business. 
 (v) Within the same delivery period as required for the delivery of the annual financial statements with respect to the preceding fiscal year pursuant to Section 4.03(a)(1) of the Indenture and, if
the Indenture is no longer in effect, on an annual basis, the Issuer shall provide a list of any additional registrations of Intellectual Property of all Grantors not previously disclosed to the Collateral Agent including such information as is
necessary for such Grantor to make appropriate filings in the USPTO and USCO. 
 (h) Commercial Tort Claims. If
the Grantors shall at any time hold or acquire a Commercial Tort Claim in an amount reasonably estimated by such Grantor to exceed $8,000,000 for which this clause has not been satisfied and for which a complaint in a court of competent jurisdiction
has been filed, such Grantor shall within 45 days (or such longer period as the Collateral Agent may agree in its reasonable discretion) after the end of the fiscal quarter in which such complaint was filed notify the Collateral Agent thereof in a
writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the benefit of the Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of
this Agreement. 
 (i) The Issuer will, and will cause each of the Restricted Subsidiaries to, keep its insurable
property insured at all times by financially sound and reputable insurers. 
 ARTICLE IV 

Remedies 
 SECTION 4.01 Remedies Upon Default. Upon the occurrence and during the continuance of an Event of Default, it is agreed that the Collateral Agent shall have the right to exercise any and all rights
afforded to a secured party with respect to the Secured Obligations, including the Guarantees, under the Uniform Commercial Code or other applicable Law and also may, (i) require each Grantor to, and each Grantor agrees that it will at its
expense and upon request of the Collateral Agent, promptly assemble all or part of the Collateral as directed by the Collateral Agent and make it available to the Collateral Agent at a place and time to be designated 

  
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by the Collateral Agent that is reasonably convenient to both parties; (ii) occupy any premises owned or, to the extent lawful and permitted, leased (it being acknowledged and agreed that
the Grantors are not required to obtain any waiver or consent from any owner of such leased premises in connection with such occupancy or attempted occupancy) by any of the Grantors where the Collateral or any part thereof is assembled or located
for a reasonable period in order to effectuate its rights and remedies hereunder or under Law, without obligation to such Grantor in respect of such occupation; provided that the Collateral Agent shall provide the applicable Grantor with
reasonable prior notice thereof which in any event shall be at least 10 days prior to such occupancy; (iii) exercise any and all rights and remedies of any of the Grantors under or in connection with the Collateral, or otherwise in respect of
the Collateral; provided that the Collateral Agent shall provide the applicable Grantor with notice thereof prior to such exercise; and (iv) subject to the mandatory requirements of applicable Law and the notice requirements described
below, sell or otherwise dispose of all or any part of the Collateral securing the Secured Obligations at a public or private sale or at any broker’s board or on any securities exchange, for cash, upon credit or for future delivery as the
Collateral Agent shall deem appropriate. The Collateral Agent shall be authorized at any such sale of securities (if it deems it advisable to do so) to restrict the prospective bidders or purchasers to Persons who will represent and agree that they
are purchasing the Collateral for their own account for investment and not with a view to the distribution or sale thereof, and upon consummation of any such sale the Collateral Agent shall have the right to assign, transfer and deliver to the
purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any sale of Collateral shall hold the property sold absolutely, free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent
permitted by Law) all rights of redemption, stay and appraisal which such Grantor now has or may at any time in the future have under any Law now existing or hereafter enacted. 

The Collateral Agent shall give the applicable Grantors 10 days’ written notice (which each Grantor agrees is reasonable notice
within the meaning of Section 9-611 of the UCC or its equivalent in other jurisdictions) of the Collateral Agent’s intention to make any sale of Collateral. Such notice, in the case of a public sale,
shall state the time and place for such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to be made and the day on which the Collateral, or portion thereof,
will first be offered for sale at such board or exchange. Any such public sale shall be held at such time or times within ordinary business hours and at such place or places as the Collateral Agent may fix and state in the notice (if any) of such
sale. At any such sale, the Collateral, or portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels, as the Collateral Agent may (in its sole and absolute discretion) determine. The Collateral Agent shall not be
obligated to make any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such Collateral shall have been given. The Collateral Agent may, without notice or publication, adjourn any public or
private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned. In case any sale of
all or any part of the Collateral is made on credit or for future delivery, the Collateral so sold may be retained by the Collateral Agent until the sale price is paid by the purchaser or purchasers thereof, but the Collateral Agent shall not incur
any liability in case any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in case 

  
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of any such failure, such Collateral may be sold again upon like notice. At any public (or, to the extent permitted by Law, private) sale made pursuant to this Agreement, any Secured Party may
bid for or purchase, free (to the extent permitted by Law) from any right of redemption, stay, valuation or appraisal on the part of any Grantor (all said rights being also hereby waived and released to the extent permitted by Law), the Collateral
or any part thereof offered for sale and may make payment on account thereof by using any claim then due and payable to such Secured Party from any Grantor as a credit against the purchase price, and such Secured Party may, upon compliance with the
terms of sale, hold, retain and dispose of such property without further accountability to any Grantor therefor. For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale thereof; the
Collateral Agent shall be free to carry out such sale pursuant to such agreement and no Grantor shall be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the Collateral Agent shall
have entered into such an agreement all Events of Default shall have been remedied and the Secured Obligations paid in full. As an alternative to exercising the power of sale herein conferred upon it, the Collateral Agent may proceed by a suit or
suits at Law or in equity to foreclose this Agreement and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a court-appointed receiver.
Any sale pursuant to the provisions of this Section 4.01 shall be deemed to conform to the commercially reasonable standards as provided in Section 9-610(b) of the UCC or its equivalent in other jurisdictions. 

Each Grantor irrevocably makes, constitutes and appoints the Collateral Agent (and all officers, employees or agents designated by the
Collateral Agent) as such Grantor’s true and lawful agent (and attorney-in-fact) during the continuance of an Event of Default (provided that the Collateral Agent shall provide the applicable Grantor with notice thereof prior to, to the
extent reasonably practicable, or otherwise promptly after, exercising such rights), for the purpose of (i) making, settling and adjusting claims in respect of Article 9 Collateral under policies of insurance, endorsing the name of such Grantor
on any check, draft, instrument or other item of payment for the proceeds of such policies if insurance, (ii) making all determinations and decisions with respect thereto and (iii) obtaining or maintaining the policies of insurance
required by the Secured Documents or to pay any premium in whole or in part relating thereto. All sums disbursed by the Collateral Agent in connection with this paragraph, including reasonable attorneys’ fees, court costs, expenses and other
charges relating thereto, shall be payable, within 10 days of demand, by the Grantors to the Collateral Agent and shall be additional Secured Obligations secured hereby. 
 SECTION 4.02 Application of Proceeds. The Collateral Agent shall apply the proceeds of any collection or sale of Collateral, including any Collateral consisting of cash, subject to the terms of the
Intercreditor Agreement, as follows: (i) first, to amounts owing to the Collateral Agent in its capacity as such in accordance with the terms of the Indenture and to amounts owing to the Trustee in its capacity as such in accordance with
the terms of the Indenture, (ii) second, to amounts owing to any Pari Passu Lien Agent in its capacity as such in accordance with the terms of the applicable Pari Passu Lien Agreement, (iii) third, ratably to amounts owing to
the holders of Secured Obligations in accordance with the terms of the Indenture and Pari Passu Lien Agreements; and (iv) fourth, to the Issuer and/or other persons entitled thereto. 

  
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In making the determination and allocations required by this Section 4.02, the Collateral Agent may conclusively rely upon information supplied by the applicable Pari Passu Lien Agent as to
the amounts of unpaid principal, interest and other amounts outstanding with respect to such Pari Passu Lien Indebtedness and the Collateral Agent shall have no liability to any of the Secured Parties for actions taken in reliance on such
information. 
 The Collateral Agent shall have absolute discretion as to the time of application of any such proceeds, moneys
or balances in accordance with this Agreement. Upon any sale of Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the Collateral Agent or of the officer
making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Collateral
Agent or such officer or be answerable in any way for the misapplication thereof. 
 The Collateral Agent shall have no
liability to any of the Secured Parties for actions taken in reliance on information supplied to it as to the amounts of unpaid principal and interest and other amounts outstanding with respect to the Secured Obligations, provided that
nothing in this sentence shall prevent any Grantor from contesting any amounts claimed by any Secured Party in any information so supplied. All distributions made by the Collateral Agent pursuant to this Section 4.02 shall be (subject to any
decree of any court of competent jurisdiction) final (absent manifest error). 
 SECTION 4.03 Grant of License to Use
Intellectual Property. For the sole and exclusive purpose of enabling the Collateral Agent to exercise rights and remedies under this Agreement at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies
at any time after and during the continuance of an Event of Default, each Grantor hereby grants to the Collateral Agent a non-exclusive, royalty-free, limited license (until the termination or cure of the Event of Default) for cash, upon credit or
for future delivery as the Collateral Agent shall deem appropriate to use, license or sublicense any of the Intellectual Property now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license
reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof; provided, however, that all of the foregoing rights of
the Collateral Agent to use such licenses, sublicenses and other rights, and (to the extent permitted by the terms of such licenses and sublicenses) all licenses and sublicenses granted thereunder, shall expire immediately upon the termination or
cure of all Events of Default and shall be exercised by the Collateral Agent solely during the continuance of an Event of Default and upon 10 Business Days’ prior written notice to the applicable Grantor, and nothing in this Section 4.03
shall require Grantors to grant any license that is prohibited by any rule of law, statute or regulation, or is prohibited by, or constitutes a breach or default under or results in the termination of any contract, license, agreement, instrument or
other document evidencing, giving rise to or theretofore granted, to the extent permitted by the Indenture or any other Secured Documents, with respect to such property or otherwise unreasonably prejudices the value thereof to the relevant Grantor;
provided, further, that any such license and any such license granted by the Collateral Agent to a third party shall include reasonable and customary terms and conditions necessary to preserve the existence, validity 

  
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and value of the affected Intellectual Property, including without limitation, provisions requiring the continuing confidential handling of trade secrets, requiring the use of appropriate notices
and prohibiting the use of false notices, quality control and inurement provisions with regard to Trademarks, patent designation provisions with regard to Patents, copyright notices and restrictions on decompilation and reverse engineering of
copyrighted software (it being understood and agreed that, without limiting any other rights and remedies of the Collateral Agent under this Agreement, any other Secured Document or applicable Law, nothing in the foregoing license grant shall be
construed as granting the Collateral Agent rights in and to such Intellectual Property above and beyond (x) the rights to such Intellectual Property that each Grantor has reserved for itself and (y) in the case of Intellectual Property
that is licensed to any such Grantor by a third party, the extent to which such Grantor has the right to grant a sublicense to such Intellectual Property hereunder). For the avoidance of doubt, the use of such license by the Collateral Agent may be
exercised at the option of the Collateral Agent, only during the continuation of an Event of Default. Upon the occurrence and during the continuance of an Event of Default, the Collateral Agent may also exercise the rights afforded under
Section 4.01 of this Agreement with respect to Intellectual Property contained in the Article 9 Collateral. 
 ARTICLE V

 Subordination 
 SECTION 5.01 Subordination. 
 (a) Notwithstanding any provision of this
Agreement to the contrary, all rights of the Grantors to indemnity, contribution or subrogation under applicable law or otherwise shall be fully subordinated to the payment in full in cash of the Secured Obligations. No failure on the part of the
Issuer or any Grantor to make the payments required under applicable law or otherwise shall in any respect limit the obligations and liabilities of any Grantor with respect to its obligations hereunder, and each Grantor shall remain liable for the
full amount of the obligations of such Grantor hereunder. 
 (b) Each Grantor hereby agrees that upon the occurrence and during
the continuance of an Event of Default and after notice from the Collateral Agent, all Indebtedness owed to it by any other Grantor shall be fully subordinated to the payment in full in cash of the Secured Obligations. 

ARTICLE VI 

Miscellaneous 
 SECTION 6.01 Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing and given as provided in Section 13.02 of the Indenture. All
communications and notices hereunder to the Issuer or any other Grantor shall be given to it in care of the Issuer as provided in Section 13.02 of the Indenture. All communications and notices hereunder to the Collateral Agent shall be
addressed to it at the address set forth in the Indenture, and all communications and notices hereunder to any Pari Passu Lien Agent shall be addressed to it at the address set forth in the applicable Pari Passu Lien Joinder Agreement. 

  
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 SECTION 6.02 Waivers; Amendment. 

(a) No failure or delay by any Secured Party in exercising any right, remedy, power or privilege hereunder or under the Indenture or any
other Secured Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy,
power or privilege. The rights, remedies, powers and privileges of the Secured Parties herein provided, and provided under the Indenture and each other Secured Document, are cumulative and are not exclusive of any rights, remedies, powers and
privileges provided by Law. No waiver of any provision of this Agreement or consent to any departure by any Grantor therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 6.02, and
then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the purchase of any Notes and the incurrence of any other Secured Obligations shall
not be construed as a waiver of any Default, regardless of whether any Secured Party may have had notice or knowledge of such Default at the time. 
 (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Collateral Agent and the Grantor or
Grantors with respect to which such waiver, amendment or modification is to apply, subject to any consent required in accordance with Section 9.02 of the Indenture (or any equivalent provisions of any other Secured Document). 

SECTION 6.03 Collateral Agent’s Fees and Expenses; Indemnification. 

(a) The parties hereto agree that the Collateral Agent shall be entitled to reimbursement of its reasonable out-of-pocket expenses
incurred hereunder and indemnity for its actions in connection herewith as provided in Section 7.07 of the Indenture (or any equivalent provision of any other Secured Document). 

(b) Any such amounts payable as provided hereunder shall be additional Secured Obligations secured hereby and by the other Secured
Documents. The provisions of this Section 6.03 shall remain operative and in full force and effect regardless of the termination of this Agreement or any other Secured Document, the consummation of the transactions contemplated hereby, the
repayment of any of the Secured Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Secured Document, or any investigation made by or on behalf of the Collateral Agent or any other Secured Party.
All amounts due under this Section 6.03 shall be payable within 30 days of written demand therefor. 
 SECTION 6.04
Successors and Assigns. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 

  
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 SECTION 6.05 Survival of Agreement. All covenants, agreements, representations and
warranties made by the Grantors hereunder and in the other Secured Documents and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the
Secured Parties and shall survive the execution and delivery of the Secured Documents and the purchase of any Notes and the incurrence of any other Secured Obligations, regardless of any investigation made by any Secured Party or on its behalf and
notwithstanding that any Secured Party may have had notice or knowledge of any Default at the time any Notes are purchased or any other Secured Obligations are incurred, shall continue in full force and effect as long as this Agreement has not been
terminated or released pursuant to Section 6.11 below. 
 SECTION 6.06 Counterparts; Effectiveness; Several
Agreement. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by facsimile or other electronic communication of
an executed counterpart of a signature page to this Agreement shall be effective as delivery of an original executed counterpart of this Agreement. This Agreement shall become effective as to any Grantor when a counterpart hereof executed on behalf
of such Grantor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon such Grantor and the Collateral Agent and their respective
permitted successors and assigns, and shall inure to the benefit of such Grantor, the Collateral Agent and the other Secured Parties and their respective permitted successors and assigns, except that no Grantor shall have the right to assign or
transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement, the Indenture or any other Secured Document. This
Agreement shall be construed as a separate agreement with respect to each Grantor and may be amended, modified, supplemented, waived or released with respect to any Grantor without the approval of any other Grantor and without affecting the
obligations of any other Grantor hereunder. 
 SECTION 6.07 Severability. If any provision of this Agreement is held to
be illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate
or render unenforceable such provision in any other jurisdiction. 
 SECTION 6.08 Governing Law; Jurisdiction; Venue;
Waiver of Jury Trial; Consent to Service of Process. 
 (a) The terms of Sections 13.08 and 13.09 of the Indenture with
respect to governing law, submission of jurisdiction, venue and waiver of jury trial are incorporated herein by reference, mutatis mutandis, and the parties hereto agree to such terms. 

(b) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 6.01.
Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by Law. 

  
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 SECTION 6.09 Headings. Article and Section headings and the Table of Contents used
herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

SECTION 6.10 Security Interest Absolute. To the extent permitted by Law, all rights of the Collateral Agent hereunder, the
Security Interest, the grant of a security interest in the Pledged Collateral and all obligations of each Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Indenture, any
other Secured Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all
or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Indenture, any other Secured Document or any other agreement or instrument, (c) any exchange, release or non-perfection of any Lien
on other collateral, or any release or amendment or waiver of or consent under or departure from any guarantee, securing or guaranteeing all or any of the Secured Obligations or (d) subject only to termination of a Grantor’s obligations
hereunder in accordance with the terms of Section 6.11, any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Grantor in respect of the Secured Obligations or this Agreement. 

SECTION 6.11 Termination or Release. 
 (a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate with respect to all Secured Obligations and any Liens arising therefrom shall be automatically
released upon payment in full when the principal of and interest under the Senior Secured Notes and all fees and other Secured Obligations (other than contingent obligations not yet accrued and payable) shall have been paid in full. 

(b) The Liens securing the Notes Obligations will be released, in whole or in part, at such time as provided in Section 3.04 of the
Intercreditor Agreement or Section 11.03 and Section 11.04 of the Indenture or upon the effectiveness of any written consent to the release of the security interest granted hereby in any Collateral pursuant to Sections 9.02, 11.03 and
11.04 of the Indenture. 
 (c) The Liens securing Pari Passu Lien Obligations of any series will be released, in whole or in
part, as provided in the Pari Passu Lien Agreement governing such Pari Passu Lien Obligations. 
 (d) In connection with any
termination or release pursuant to paragraph (a), (b) or (c) of this Section 6.11, the Collateral Agent shall execute and deliver to any Grantor, at such Grantor’s expense, all documents that such Grantor shall reasonably request
to evidence such termination or release and shall perform such other actions, at such Grantor’s expense, reasonably requested by such Grantor to effect such release, including delivery of certificates, securities and instruments. Any execution
and delivery of documents pursuant to this Section 6.11 shall be without recourse to or warranty by the Collateral Agent. 

  
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 SECTION 6.12 Additional Grantors. Pursuant to Section 4.19 of the Indenture,
certain additional Restricted Subsidiaries of the Grantors may enter in this Agreement as Grantors. Upon execution and delivery by the Collateral Agent and a Restricted Subsidiary of a Security Agreement Supplement, such Restricted Subsidiary shall
become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor hereunder. The rights and obligations of each
Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement. 
 SECTION 6.13 Collateral Agent Appointed Attorney-in-Fact. Each Grantor hereby appoints the Collateral Agent the attorney-in-fact of such Grantor for the purpose of carrying out the provisions of
this Agreement and taking any action and executing any instrument that the Collateral Agent may deem necessary or advisable to accomplish the purposes hereof at any time after and during the continuance of an Event of Default, which appointment is
irrevocable and coupled with an interest. Without limiting the generality of the foregoing, the Collateral Agent shall have the right, upon the occurrence and during the continuance of an Event of Default and notice by the Collateral Agent to the
applicable Grantor of the Collateral Agent’s intent to exercise such rights, with full power of substitution either in the Collateral Agent’s name or in the name of such Grantor (a) to receive, endorse, assign and/or deliver any and
all notes, acceptances, checks, drafts, money orders or other evidences of payment relating to the Collateral or any part thereof; (b) to demand, collect, receive payment of, give receipt for and give discharges and releases of all or any of
the Collateral; (c) to sign the name of any Grantor on any invoice or bill of lading relating to any of the Collateral; (d) to send verifications of Accounts Receivable to any Account Debtor; (e) to commence and prosecute any and all
suits, actions or proceedings at Law or in equity in any court of competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights in respect of any Collateral; (f) to settle, compromise, compound,
adjust or defend any actions, suits or proceedings relating to all or any of the Collateral; (g) to notify, or to require any Grantor to notify, Account Debtors to make payment directly to the Collateral Agent; and (h) to use, sell,
assign, transfer, pledge, make any agreement with respect to or otherwise deal with all or any of the Collateral, and to do all other acts and things necessary to carry out the purposes of this Agreement, as fully and completely as though the
Collateral Agent were the absolute owner of the Collateral for all purposes; provided that nothing herein contained shall be construed as requiring or obligating the Collateral Agent to make any commitment or to make any inquiry as to the
nature or sufficiency of any payment received by the Collateral Agent, or to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become due in respect thereof or any
property covered thereby. The Collateral Agent and the other Secured Parties shall be accountable only for amounts actually received as a result of the exercise of the powers granted to them herein, and neither they nor their officers, directors,
employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence, bad faith, or willful misconduct or that of any of their Affiliates, directors, officers, employees, counsel,
agents or attorneys-in-fact, in each case, as determined by a final non-appealable judgment of a court of competent jurisdiction. 

  
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 SECTION 6.14 General Authority of the Collateral Agent. By acceptance of the benefits
of this Agreement and any other Secured Documents, each Secured Party (whether or not a signatory hereto) shall be deemed irrevocably (a) to consent to the appointment of the Collateral Agent as its agent hereunder and under such other Security
Documents, (b) to confirm that the Collateral Agent shall have the authority to act as the exclusive agent of such Secured Party for the enforcement of any provisions of this Agreement and such other Security Documents against any Grantor, the
exercise of remedies hereunder or thereunder and the giving or withholding of any consent or approval hereunder or thereunder relating to any Collateral or any Grantor’s obligations with respect thereto, (c) to agree that it shall not take
any action to enforce any provisions of this Agreement or any other Secured Document against any Grantor, to exercise any remedy hereunder or thereunder or to give any consents or approvals hereunder or thereunder except as expressly provided in
this Agreement or any other Secured Document and (d) to agree to be bound by the terms of this Agreement and any other Secured Documents. 
 SECTION 6.15 Reasonable Care. The Collateral Agent is required to use reasonable care in the custody and preservation of any of the Collateral in its possession; provided, that the
Collateral Agent shall be deemed to have used reasonable care in the custody and preservation of any of the Collateral, if such Collateral is accorded treatment substantially similar to that which the Collateral Agent accords its own property.

 SECTION 6.16 Delegation; Limitation. The Collateral Agent may execute any of the powers granted under this Agreement
and perform any duty hereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the negligence or willful misconduct of any agents or attorneys-in-fact selected by it with due care. 

SECTION 6.17 Reinstatement. The obligations of the Grantors under this Security Agreement shall be automatically reinstated if and
to the extent that for any reason any payment by or on behalf of the Issuer or other Guarantor in respect of the Secured Obligations is rescinded or must be otherwise restored by any holder of any of the Secured Obligations, whether as a result of
any proceedings in bankruptcy or reorganization or otherwise. 
 SECTION 6.18 Miscellaneous. The Collateral Agent shall
not be deemed to have actual, constructive, direct or indirect notice or knowledge of the occurrence of any Event of Default unless and until the Collateral Agent shall have received a notice of Event of Default or a notice from the Grantor or the
Secured Parties to the Collateral Agent in its capacity as Collateral Agent indicating that an Event of Default has occurred. 

SECTION 6.19 Intercreditor Agreement. Notwithstanding any other provision contained herein, this Agreement, the Liens created
hereby and the rights, remedies, duties and obligations provided for herein are subject in all respects to the provisions of the Intercreditor Agreement. In the event of any conflict or inconsistency between the provisions of this Agreement and the
Intercreditor Agreement, the provisions of the Intercreditor Agreement shall control. Notwithstanding anything herein to the contrary, requirements of this Agreement to deliver or grant control (to the extent that only one person can have control of
such Collateral) with respect to Collateral to the Collateral Agent shall be deemed satisfied by delivery of such Collateral or grant of control with respect to Collateral to a Bailee Collateral Agent (as defined in the Intercreditor Agreement) as
required pursuant to Section 4.01 of the Intercreditor Agreement. 

  
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 SECTION 6.20 Actions of the Collateral Agent. Upon the occurrence and during the
continuance of an Event of Default, the Collateral Agent will be permitted to exercise remedies and sell the Collateral under the Security Documents only at the direction of the agents or representatives (including the Trustee in the case of the
Holders) who are authorized to act on behalf of the Holders or the holders of Pari Passu Lien Indebtedness for which the Collateral Agent is acting as collateral agent, as applicable, or, to the extent provided in the Indenture or the applicable
Secured Documents, at the direction of the holders of a majority in the principal amount of the outstanding Notes and any outstanding Pari Passu Lien Indebtedness for which the Collateral Agent is acting as collateral agent voting as a single class
(the “Directing Creditors”). The Directing Creditors shall direct the Collateral Agent in exercising any right, power, discretionary duty or other remedy available to the Collateral Agent under this Agreement or any Security
Document and the other Secured Parties shall not have a right to take any actions with respect to the Collateral. If the Collateral Agent shall not have received appropriate instruction within 10 days of a request therefor from the Directing
Creditors (or such shorter period as reasonably may be specified in such notice or as may be necessary under the circumstances) it may, but shall be under no duty to, take or refrain from taking such action as it shall deem to be in the best
interests of the Secured Parties and the Collateral Agent shall have no liability to any Person for such action or inaction. 

SECTION 6.21 Collateral Agent. 
 (a) The Collateral Agent shall not have any duties or responsibilities except those expressly assumed by it in this Agreement, the Indenture and the Security Documents and shall not be required to take
any action which is contrary to applicable law or any provision of this Agreement, the Indenture or the Security Documents. Where the Collateral Agent is permitted but not required to take any action pursuant to any Security Document, the Collateral
Agent may take any such action but shall have no obligation to take any such action without the direction of the Directing Creditors and the Collateral Agent shall not be liable to any party for not taking such action if the Directing Creditors have
not directed the Collateral Agent to take such action. The Collateral Agent makes no representation as to the existence, validity, value, genuineness, perfection, priority or the collectability of any security or other document or other instrument
held by or delivered to the Collateral Agent. The Collateral Agent shall not be called upon to advise any party as to the wisdom in taking or refraining to take any action with respect to the Collateral. 

(b) The Collateral Agent has accepted and is bound by the Security Documents delivered to it as of the date of this Agreement and,
subject to this Article VI, shall accept and be bound by all Security Documents delivered to it at any time after the date of this Agreement; provided that the Collateral Agent shall not otherwise be bound by, or obligated to take cognizance
of the provisions of, any agreement to which it is not a party, including any Pari Passu Lien Agreement, the Credit Agreement, or any Secured Document to which its not a party. The Collateral Agent shall not be responsible for compliance with the
terms of any Security Document by any Grantor or party related thereto and shall have no duty to monitor any such compliance. 

  
 -31-

 (c) The Collateral Agent may at any time solicit confirmatory instructions, including from
the Directing Creditors or an order of a court of competent jurisdiction, as to any action which it may be requested or required to take, or which it may propose to take, in the performance of any of its obligations under any Security Document.

 (d) The Collateral Agent shall not be responsible or liable for any action taken or omitted to be taken by it hereunder or
under any Security Document, except for its own gross negligence, bad faith or willful misconduct. 
 (e) The Collateral Agent
shall be entitled to require that all agreements, certificates, opinions, instruments and other documents at any time submitted to it, including those expressly provided for in this Agreement, be delivered to it in a form and upon substantive
provisions reasonably satisfactory to it. 
 (f) The Collateral Agent may rely conclusively upon any certificate, notice or
other document (including any electronic transmission) reasonably believed by it to be genuine and correct and to have been signed or sent by or on behalf of the proper Person or Persons and need not investigate any fact or matter stated in any such
document. The Collateral Agent may seek and rely upon any judicial order or judgment, upon any advice, opinion or statement of legal counsel, independent consultants and other experts selected by it in good faith and upon any certification,
instruction, notice or other writing delivered to it by any Grantor in compliance with the provisions of this Agreement or the other Security Documents or delivered to it by the Trustee or Pari Passu Lien Agent as to Secured Parties whose action or
consent is required for an instruction of Directing Creditors, without being required to determine the authenticity thereof or the correctness of any fact stated therein or the propriety or validity of service thereof. The Collateral Agent may act
in reliance upon any instrument comporting with the provisions of this Agreement or any signature reasonably believed by it to be genuine and may assume that any Person purporting to give notice or receipt or advice or make any statement or execute
any document in connection with the provisions hereof has been duly authorized to do so. To the extent an officers’ certificate or an opinion of counsel is required or permitted under this Agreement or any Security Document to be delivered to
the Collateral Agent in respect of any matter, the Collateral Agent may rely conclusively on such officers’ certificate or opinion of counsel as to such matter. The Collateral Agent may request an opinion of counsel, a certificate of an officer
of a Grantor, or both, at any time when it is required or requested to take any action hereunder or under any Security Document stating that such action is permitted or authorized pursuant to the terms hereof and of the Secured Documents and that
all conditions precedent to the taking of such action have been complied with and the Collateral Agent may rely conclusively on such officer’s certificate or opinion of counsel with respect thereto. Whenever the Collateral Agent shall be
required, in connection with the exercise of its rights or the performance of its obligations hereunder, to determine the existence or amount of any Secured Obligations, or the existence of any Lien securing any such obligations, or the Collateral
subject to any such Lien, it may request that such information be furnished to it in writing by the Trustee or the Pari Passu Lien Agent, as applicable and shall be entitled to conclusively rely on the information so furnished;

  
 -32-

 
provided, however, that if Trustee or the Pari Passu Lien Agent, as applicable, shall fail or refuse reasonably promptly to provide the requested information, the Collateral Agent shall be
entitled, but not obligated, to make any such determination by such method as it may, in the exercise of its good faith judgment, determine, including by reliance upon a certificate of the Issuer. The Collateral Agent may rely conclusively, and
shall be fully protected in so relying, on any determination made by it in accordance with the provisions of the preceding sentence (or as otherwise directed by a court of competent jurisdiction) and shall have no liability to the Grantor, any
Secured Party, or any other person as a result of such determination. 
 (g) The Collateral Agent shall not be required to
inquire as to the occurrence or absence of any Event of Default under the Indenture, the Pari Passu Lien Agreement or any other Secured Document and shall not be affected by or required to act upon any notice or knowledge as to the occurrence of any
Event of Default unless and until it receives a notice from the Trustee or the Pari Passu Lien Agent to such effect. 
 (h) As
to any matter not expressly provided for by this Agreement, the Collateral Agent shall act or refrain from acting as directed by the Directing Creditors and shall be fully protected in doing so. 

(i) The Collateral Agent shall not be required to advance or expend any funds or otherwise incur any financial liability in the
performance of its duties or the exercise of its powers or rights hereunder unless it has been provided with security or indemnity which it, in its discretion, deems sufficient against any and all liability or expense which may be incurred by it by
reason of taking or continuing to take such action. The Directing Creditors hereby jointly and severally agree to provide such security or indemnity to the Collateral Agent promptly upon request by the Collateral Agent therefor. 

(j) (i) The Collateral Agent may resign at any time by giving not less than 45 days’ notice of resignation to the Trustee, the
Pari Passu Lien Agent and the Issuer, and (ii) the Collateral Agent may be removed at any time, with or without cause, pursuant to the instructions of the Directing Creditors. If the Collateral Agent on the date of this Agreement resigns at any
time, the Trustee shall automatically succeed to all the rights and obligations of the then existing Collateral Agent and the Security Documents and shall become a successor Collateral Agent for all intents and purposes hereunder and under the
Security Documents without any further action by any party. 
 (k) Upon the resignation or removal of the Collateral Agent, a
successor Collateral Agent may be appointed by the Trustee and the Pari Passu Lien Agent, acting jointly, or by the instructions of the Directing Creditors, in each case with the consent (not to be unreasonably withheld) of the Issuer;
provided that such consent shall not be required if the successor Collateral Agent is the Trustee or any Pari Passu Lien Agent. If no successor Collateral Agent shall have been so appointed and shall have accepted such appointment within 45
days after the retiring Collateral Agent gave notice of resignation or was removed, the retiring Collateral Agent may appoint a successor Collateral Agent, or petition at the expense of the Secured Parties a court of competent jurisdiction for
appointment of a successor Collateral Agent, which shall be a bank or trust company (i) authorized to exercise corporate trust powers, (ii) acceptable to the Trustee and the Pari Passu Lien Agent, (iii) having a combined capital and
surplus of at least $50,000,000 and (iv) maintaining an office in New York, New York. 

  
 -33-

 (l) When the Person so appointed as successor Collateral Agent accepts such appointment:

 (i) such Person shall succeed to and become vested with either all the rights, powers, privileges and duties
of the predecessor Collateral Agent or such other rights, powers, privileges and duties as may be agreed in writing at the time of appointment, and upon appointment of such Person as Collateral Agent the predecessor Collateral Agent shall be
discharged from its duties and obligations hereunder, and 
 (ii) the predecessor Collateral Agent, upon payment
of all amounts owed to it, shall promptly transfer all Collateral within its possession or control to the possession or control of the successor Collateral Agent and shall execute and deliver such notices, instructions and assignments as may be
necessary or desirable or reasonably requested by the successor Collateral Agent to transfer to the successor Collateral Agent all Liens, interests, rights, powers and remedies of the predecessor Collateral Agent in respect of the Collateral or
under the Security Documents. 
 Thereafter the predecessor Collateral Agent shall remain entitled to enforce the immunities
granted to it in this Article VI. 
 (m) The Collateral Agent shall be deemed to possess all of the rights and
protections provided to the Trustee under the Indenture, including without limitation all of the rights provided to the Trustee in Sections 7.01, 7.02, 7.03, 7.04 and 7.07 of the Indenture. Without limiting the generality of this
Section 6.21, except as expressly set forth in this Agreement, the Collateral Agent shall have no duties or obligations to any Secured Parties, the Trustee, the Pari Passu Lien Agent, or the holders of any Notes, Pari Passu Lien
Indebtedness or any other Secured Obligation (including, without limitation, any fiduciary obligations). Each of the Trustee, the Pari Passu Lien Agent, any Secured Parties, and the holders of any Senior Secured Notes and any Pari Passu Lien
Indebtedness acknowledges and agrees that (i) entering into this Agreement is an arm’s-length transaction among the parties hereto, and the parties hereto are capable of evaluating and understanding and understand and accept the terms,
risks and conditions of the transactions contemplated by this Agreement; (ii) in connection with each transaction contemplated hereby and the process leading to such transaction, the Collateral Agent is and has been acting solely as a principal
and is not the agent or fiduciary of any of the parties hereto, the holders of any Notes or Pari Passu Lien Indebtedness or their respective affiliates, stockholders, creditors or employees or any other party; (iii) the Collateral Agent has not
assumed and will not assume an advisory or fiduciary responsibility in favor of any party with respect to any of the transactions contemplated hereby or the process leading thereto (irrespective of whether the Collateral Agent or its affiliates has
advised or is currently advising any other party on other matters) or any other obligation to any party other than the obligations expressly set forth in this Agreement; (iv) the Collateral Agent and its affiliates may be engaged in a broad
range of transactions that involve interests that differ from those of the other parties hereto and the Collateral Agent has no obligation to disclose any of such interests by virtue of any fiduciary or advisory relationship; and

  
 -34-

 
(v) the Collateral Agent has not provided any legal, accounting, regulatory or tax advice with respect to any offering of securities or lending transaction and the parties hereto have
consulted their own legal, accounting, regulatory and tax advisors to the extent they deemed appropriate. 
 SECTION 6.22
Pari Passu Lien Indebtedness. On or after the Issue Date, the Issuer may from time to time designate additional obligations as Pari Passu Lien Indebtedness by delivering to the Collateral Agent, the Trustee and each Pari Passu Lien Agent
(a) an Officer’s Certificate of the Issuer (i) identifying the obligations so designated and the aggregate principal amount or face amount thereof, stating that such obligations are designated as “Pari Passu Lien
Indebtedness” and “Secured Obligations” for purposes hereof, (ii) representing that such designation complies with the terms of the Indenture and each then extant Pari Passu Lien Agreement, (iii) specifying the name and
address of the Pari Passu Lien Agent for such obligations (if other than the Trustee) and (iv) stating that the Grantors have complied with their obligations under this Agreement; and (b) except in the case of Additional Notes, a fully
executed Pari Passu Lien Joinder Agreement. 
 [Signature Pages Follow] 

  
 -35-

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

					
	APX GROUP, INC.
		
	By:	 	 /s/ Patrick Kelliher

		 	Name:	 	Patrick Kelliher
		 	Title:	 	Vice President of Finance and Corporate Controller
	
	APX GROUP HOLDINGS, INC.
		
	By:	 	 /s/ Patrick Kelliher

		 	Name:	 	Patrick Kelliher
		 	Title:	 	Vice President of Finance and Corporate Controller
	
	VIVINT, INC.
	ARM SECURITY, INC.
	VIVINT PURCHASING, LLC
	AP AL LLC
		
	By:	 	 /s/ Patrick Kelliher

		 	Name:	 	Patrick Kelliher
		 	Title:	 	Vice President of Finance and Corporate Controller
	
	2GIG TECHNOLOGIES, INC.
		
	By:	 	 /s/ Todd Santiago

		 	Name:	 	Todd Santiago
		 	Title:	 	President

  
 S-1

 
					
	WILMINGTON TRUST, NATIONAL
	ASSOCIATION, as Collateral Agent
		
	By:	 	 /s/ Geoffrey J. Lewis

		 	Name:	 	Geoffrey J. Lewis
		 	Title:	 	Assistant Vice President

  
 S-2

 SCHEDULE I 
 Subsidiary Parties 

 SCHEDULE II 
 PLEDGED EQUITY AND PLEDGED DEBT 
  

	1.	Pledged Equity: 

  

							
	 Current Legal Entities Owned
	  	Record Owner	  	Certificate
No.
(to the 
extent
certificated)	  	No. Shares
		  		  		  	

  

	2.	Pledged Debt: 

 SCHEDULE III 
 COMMERCIAL TORT CLAIMS 

 Exhibit I to the 
 Security Agreement 
 SUPPLEMENT NO.     dated as of [—] (the “Supplement”), to the Security Agreement (the “Security Agreement”), dated as of November 16, 2012, among the Grantors identified therein and Wilmington
Trust, National Association, as Collateral Agent. 
 A. Reference is made to that certain the Indenture dated as of
November 16, 2012 (as amended, supplemented or otherwise modified from time to time, the “Indenture”), among APX Group, Inc., a Delaware corporation, (“Issuer”), APX Group Holdings, Inc., a Delaware
corporation, (the “Holdings”), the other Guarantors party thereto from time to time and Wilmington Trust, National Association, as Trustee and Collateral Agent. 

B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Indenture and the
Security Agreement. 
 C. The Grantors have entered into the Security Agreement in order to secure the obligations under the
Indenture and the other Secured Obligations. Section 6.12 of the Security Agreement provides that additional Restricted Subsidiaries of the Issuer may become Grantors under the Security Agreement by execution and delivery of an instrument in
the form of this Supplement. The undersigned (the “New Grantor”) is executing this Supplement in accordance with the requirements of the Indenture to become a Grantor under the Security Agreement. 

Accordingly, the Collateral Agent and the New Grantor agree as follows: 

SECTION 1. In accordance with Section 6.12 of the Security Agreement, the New Grantor by its signature below becomes a Grantor under
the Security Agreement with the same force and effect as if originally named therein as a Grantor and the New Grantor hereby (a) agrees to all the terms and provisions of the Security Agreement applicable to it as a Grantor thereunder and
(b) represents and warrants that the representations and warranties made by it as a Grantor thereunder are true and correct on and as of the date hereof; provided that, to the extent that such representations and warranties specifically
refer to an earlier date, they shall be true and correct in all respects as of such earlier date. In furtherance of the foregoing, the New Grantor, as security for the payment and performance in full of the Secured Obligations, does hereby create
and grant to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, their successors and assigns, a security interest in and lien on all of the New Grantor’s right, title and interest in and to the Collateral
(as defined in the Security Agreement) of the New Grantor. Each reference to a “Grantor” in the Security Agreement shall be deemed to include the New Grantor. The Security Agreement is hereby incorporated herein by reference. 

SECTION 2. The New Grantor represents and warrants to the Collateral Agent and the other Secured Parties that this Supplement has been
duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles
of equity. 

 SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto
on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Collateral Agent shall have received a counterpart of
this Supplement that bears the signature of the New Grantor and the Collateral Agent has executed a counterpart hereof. Delivery of an executed signature page to this Supplement by facsimile transmission or other electronic communication shall be as
effective as delivery of a manually signed counterpart of this Supplement. 
 SECTION 4. The New Grantor hereby represents and
warrants that (a) set forth on Schedule I attached hereto is a true and correct schedule of the information required by Schedules II and III to the Security Agreement applicable to it and (b) set forth under its signature hereto is the
true and correct legal name of the New Grantor, its jurisdiction of formation and the location of its chief executive office. 

SECTION 5. Except as expressly supplemented hereby, the Security Agreement shall remain in full force and effect. 

SECTION 6. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

SECTION 7. If any provision of this Supplement is held to be illegal, invalid or unenforceable, the legality, validity and enforceability
of the remaining provisions of this Supplement shall not be affected or impaired thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

SECTION 8. All communications and notices hereunder shall be in writing and given as provided in Section 6.01 of the Security
Agreement. 
 SECTION 9. The New Grantor agrees to reimburse the Collateral Agent for its reasonable out-of-pocket expenses in
connection with the execution and delivery of this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Collateral Agent. 
 [Signature pages follow.] 

  
 -2-

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

			
	[NAME OF NEW GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:
	
	Legal Name:
	Jurisdiction of Formation:
	Location of Chief Executive office:

 
			
	WILMINGTON TRUST, NATIONAL
	ASSOCIATION,
as Collateral Agent
		
	By:	 	  

		 	Name:
		 	Title:

 Exhibit III to the 
 Security Agreement 
 FORM OF 

PATENT SECURITY AGREEMENT (SHORT FORM) 
 PATENT SECURITY AGREEMENT 
 Patent Security Agreement, dated
as of [                    ], by [        ] and
[            ] (individually, a “Grantor”, and, collectively, the “Grantors”), in favor of WILMINGTON TRUST, NATIONAL ASSOCIATION, in its capacity as
collateral agent pursuant to the Indenture (in such capacity, the “Collateral Agent”). 
 W
I T N E S S
E T H: 

WHEREAS, the Grantors are party to a Security Agreement dated as of November 16, 2012 (as amended, amended and
restated, supplemented or otherwise modified from time to time, the “Security Agreement”) in favor of the Collateral Agent pursuant to which the Grantors are required to execute and deliver this Patent Security Agreement;

 NOW, THEREFORE, in consideration of the premises and to induce the Collateral Agent, for the
benefit of the Secured Parties, to enter into the Indenture, the Grantors hereby agree with the Collateral Agent as follows: 

SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Security Agreement and used herein have the
meaning given to them in the Security Agreement. 
 SECTION 2. Grant of Security Interest in Patent Collateral. Each
Grantor hereby pledges and grants to the Collateral Agent for the benefit of the Secured Parties a lien on and security interest in and to all of its right, title and interest in, to and under all the following Collateral (excluding any Excluded
Assets) of such Grantor: 
 (a) Patents of such Grantor listed on Schedule I attached hereto. 

SECTION 3. The Security Agreement. The security interest granted pursuant to this Patent Security Agreement is granted in
conjunction with the security interest granted to the Collateral Agent pursuant to the Security Agreement and the Grantors hereby acknowledge and affirm that the rights and remedies of the Collateral Agent with respect to the security interest in
the Patents made and granted hereby are more fully set forth in the Security Agreement. In the event that any provision of this Patent Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement
shall control. 
 SECTION 4. Termination. Upon the termination of the Security Agreement in accordance with
Section 6.13 thereof, the Collateral Agent shall, at the expense of such Grantor, execute, acknowledge, and deliver to the Grantors an instrument in writing in recordable form releasing the lien on and security interest in the Patents under
this Patent Security Agreement. 

 SECTION 5. Counterparts. This Patent Security Agreement may be executed in any number
of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Patent Security Agreement by signing and delivering one or more counterparts. 

[Signature pages follow.] 

  
 -2-

 
			
	[GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	WILMINGTON TRUST, NATIONAL
	ASSOCIATION,
as Collateral Agent
		
	By:	 	  

		 	Name:
		 	Title:

 Schedule I 
 to 
 PATENT SECURITY AGREEMENT 

PATENT REGISTRATIONS AND PATENT APPLICATIONS 
 Patents: 
  

					
	 OWNER
	  	 REGISTRATION
NUMBER
	  	 DESCRIPTION

 Patent Applications: 
  

					
	 OWNER
	  	 APPLICATION
NUMBER
	  	 DESCRIPTION

 Exhibit IV to the 
 Security Agreement 
 FORM OF 

TRADEMARK SECURITY AGREEMENT (SHORT FORM) 
 TRADEMARK SECURITY AGREEMENT 
 Trademark Security Agreement,
dated as of [                    ], by [        ] and
[            ] (individually, a “Grantor”, and, collectively, the “Grantors”), in favor of WILMINGTON TRUST, NATIONAL ASSOCIATION, in its capacity as
collateral agent pursuant to the Indenture (in such capacity, the “Collateral Agent”). 
 W
I T N E S S
E T H: 

WHEREAS, the Grantors are party to a Security Agreement dated as of November 16, 2012 (as amended, amended and
restated, supplemented or otherwise modified from time to time, the “Security Agreement”) in favor of the Collateral Agent pursuant to which the Grantors are required to execute and deliver this Trademark Security Agreement;

 NOW, THEREFORE, in consideration of the premises and to induce the Collateral Agent, for the
benefit of the Secured Parties, to enter into the Indenture, the Grantors hereby agree with the Collateral Agent as follows: 

SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Security Agreement and used herein have the
meaning given to them in the Security Agreement. 
 SECTION 2. Grant of Security Interest in Trademark Collateral. Each
Grantor hereby pledges and grants to the Collateral Agent for the benefit of the Secured Parties a lien on and security interest in and to all of its right, title and interest in, to and under all the following Collateral (excluding any Excluded
Assets) of such Grantor: 
 (a) registered Trademarks of such Grantor listed on Schedule I attached hereto. 

SECTION 3. The Security Agreement. The security interest granted pursuant to this Trademark Security Agreement is granted in
conjunction with the security interest granted to the Collateral Agent pursuant to the Security Agreement and the Grantors hereby acknowledge and affirm that the rights and remedies of the Collateral Agent with respect to the security interest in
the Trademarks made and granted hereby are more fully set forth in the Security Agreement. In the event that any provision of this Trademark Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security
Agreement shall control. 

 SECTION 4. Termination. Upon the termination of the Security Agreement in accordance
with Section 6.13 thereof, the Collateral Agent shall, at the expense of such Grantor, execute, acknowledge, and deliver to the Grantors an instrument in writing in recordable form releasing the lien on and security interest in the Trademarks
under this Trademark Security Agreement. 
 SECTION 5. Counterparts. This Trademark Security Agreement may be executed in
any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Trademark Security Agreement by signing and delivering one or more counterparts. 

[Signature pages follow.] 

  
 -2-

 
			
	[GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	WILMINGTON TRUST, NATIONAL
	ASSOCIATION,
as Collateral Agent
		
	By:	 	  

		 	Name:
		 	Title:

 Schedule I 
 Trademark Registrations and Use Applications 
 Registrations: 

 

					
	 OWNER
	  	 REGISTRATION
NUMBER
	  	 TRADEMARK

 Applications: 
  

					
	 OWNER
	  	 APPLICATION
NUMBER
	  	 TRADEMARK

 Exhibit V to the 
 Security Agreement 
 FORM OF 

COPYRIGHT SECURITY AGREEMENT (SHORT FORM) 
 COPYRIGHT SECURITY AGREEMENT 
 Copyright Security Agreement,
dated as of [                    ], by [        ] and
[            ] (individually, a “Grantor”, and, collectively, the “Grantors”), in favor of WILMINGTON TRUST, NATIONAL ASSOCIATION, in its capacity as
collateral agent pursuant to the Indenture (in such capacity, the “Collateral Agent”). 
 W
I T N E S S
E T H: 

WHEREAS, the Grantors are party to a Security Agreement dated as of November 16, 2012 (as amended, amended and
restated, supplemented or otherwise modified from time to time, the “Security Agreement”) in favor of the Collateral Agent pursuant to which the Grantors are required to execute and deliver this Copyright Security Agreement;

 NOW, THEREFORE, in consideration of the premises and to induce the Collateral Agent, for the
benefit of the Secured Parties, to enter into the Indenture, the Grantors hereby agree with the Collateral Agent as follows: 

SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Security Agreement and used herein have the
meaning given to them in the Security Agreement. 
 SECTION 2. Grant of Security Interest in Copyright Collateral. Each
Grantor hereby pledges and grants to the Collateral Agent for the benefit of the Secured Parties a lien on and security interest in and to all of its right, title and interest in, to and under all the following Collateral (excluding any Excluded
Assets) of such Grantor: 
 (a) registered Copyrights of such Grantor listed on Schedule I attached hereto. 

SECTION 3. The Security Agreement. The security interest granted pursuant to this Copyright Security Agreement is granted in
conjunction with the security interest granted to the Collateral Agent pursuant to the Security Agreement and the Grantors hereby acknowledge and affirm that the rights and remedies of the Collateral Agent with respect to the security interest in
the Copyrights made and granted hereby are more fully set forth in the Security Agreement. In the event that any provision of this Copyright Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security
Agreement shall control. 
 SECTION 4. Termination. Upon termination of the Security Agreement in accordance with
Section 6.13 thereof, the Collateral Agent shall, at the expense of such Grantor, 

 
execute, acknowledge, and deliver to the Grantors an instrument in writing in recordable form releasing the lien on and security interest in the Copyrights under this Copyright Security
Agreement. 
 SECTION 5. Counterparts. This Copyright Security Agreement may be executed in any number of counterparts,
all of which shall constitute one and the same instrument, and any party hereto may execute this Copyright Security Agreement by signing and delivering one or more counterparts. 

[Signature pages follow.] 

  
 -2-

 
			
	[GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	WILMINGTON TRUST, NATIONAL
	ASSOCIATION,
as Collateral Agent
		
	By:	 	  

		 	Name:
		 	Title:

 Schedule I 
 Copyright Registrations 
  

					
	 OWNER
	  	 TITLE
	  	 REGISTRATION

NUMBER

 Exhibit VI to the 
 Security Agreement 
 FORM OF PARI PASSU LIEN JOINDER AGREEMENT 

The undersigned is the agent for Persons wishing to become “Secured Parties” (the “New Secured
Parties”) under the Security Agreement, dated as of November 16, 2012 (as amended and/or supplemented, the “Security Agreement” (terms used without definition herein have the meanings assigned to such terms by the
Security Agreement)) among APX Group, Inc., the other Grantors party thereto and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Collateral Agent (the “Collateral Agent”) and the other Secured Documents. 

In consideration of the foregoing, the undersigned hereby: 

(i) represents that the Pari Passu Lien Agent has been authorized by the New Secured Parties to become a party to the
Security Agreement on behalf of the New Secured Parties under that [DESCRIBE OPERATIVE AGREEMENT] (the “New Secured Obligations”) and to act as the Pari Passu Lien Agent for the New Secured Parties hereunder; 

(ii) acknowledges that the New Secured Parties have received a copy of the Security Agreement; 

(iii) irrevocably appoints and authorizes the Collateral Agent to take such action as agent on its behalf and to exercise
such powers under the Security Agreement and the other Secured Documents as are delegated to the Collateral Agent by the terms thereof, together with all such powers as are reasonably incidental thereto; and 

(iv) accepts and acknowledges the terms of Security Agreement and the other Secured Documents applicable to it and the New
Secured Parties and agrees to serve as Pari Passu Lien Agent for the New Secured Parties with respect to the New Secured Obligations and agrees on its own behalf and on behalf of the New Secured Parties to be bound by the terms of the Security
Agreement and the other Secured Documents applicable to holders of Secured Obligations, with all the rights and obligations of a Secured Party thereunder and bound by all the provisions thereof as fully as if it had been a Secured Party on the
effective date of the Security Agreement. 
 The name and address of the representative for purposes of Section 6.01 of the
Security Agreement are as follows: 
 [name and address of additional Pari Passu Lien Agent] 

 IN WITNESS WHEREOF, the undersigned Pari Passu Lien Agent for the New Secured Parties has
caused this Pari Passu Lien Joinder Agreement to be duly executed by its authorized officer as of the      day of             , 20    . 

 

			
	[NAME]
		
	By:	 	  

		 	Name:
		 	Title:

 AGREED TO AND ACCEPTED: 
 The Collateral Agent hereby acknowledges its acceptance of this Pari Passu Lien Joinder Agreement and agrees to act as Collateral Agent for the New Secured Parties, subject to the terms of the [agency
agreement, dated as of                     ]. 
  

			
	Wilmington Trust, National Association, as Collateral Agent
		
	By:	 	  

		 	Name:
		 	Title:

  
 -2-EX-10.4

 Exhibit 10.4 
 INTERCREDITOR AND COLLATERAL AGENCY AGREEMENT 
 dated as of November 16, 2012,

 among 

313 GROUP INC. (to be merged with and into APX GROUP, INC.), 
 the other GRANTORS party hereto, 
 BANK OF AMERICA, N.A., 

as Credit Agreement Collateral Agent, 
 WILMINGTON TRUST, NATIONAL ASSOCIATION, 
 as Notes Collateral Agent, 

and 
 each
ADDITIONAL COLLATERAL AGENT from time to time party hereto 
  
  

 INTERCREDITOR AND COLLATERAL AGENCY AGREEMENT dated as of November 16, 2012 (as
amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), among 313 GROUP INC., a Delaware corporation (prior to the merger described below, the “Borrower”) which shall be merged
with and into APX GROUP, INC., a Delaware corporation on the date hereof and APX GROUP, INC. shall from and after such merger be the “Borrower” for all purposes under this Agreement, the other Grantors party hereto, BANK OF AMERICA, N.A.,
in its capacity as collateral agent for the Credit Agreement Secured Parties (in such capacity, the “Credit Agreement Collateral Agent”) and WILMINGTON TRUST, NATIONAL ASSOCIATION, in its capacity as collateral agent for the Senior
Secured Notes Secured Parties (in such capacity, the “Notes Collateral Agent”), and each ADDITIONAL COLLATERAL AGENT from time to time party hereto as collateral agent for any First Lien Obligations (as defined below) of any other
Class (as defined below). 
 The parties hereto agree as follows: 

ARTICLE I 

Definitions 
 SECTION 1.01. Certain Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “Additional Collateral Agent” has the meaning assigned to such term in Article VII. 
 “Additional First Lien Obligations” means all obligations of the Borrower and the other Grantors that shall have been designated as such pursuant to Article VII, together with any
Refinancing thereof; provided, that the holders of any such Refinancing debt (or the applicable Collateral Agent on their behalf) shall, to the extent not already party hereto in such capacity, bind themselves in writing to the terms of this
Agreement. 
 “Additional First Lien Obligations Documents” means the indentures or any other agreements or
instruments under which Additional First Lien Obligations of any Series are issued or incurred and all other instruments, agreements and other documents evidencing or governing Additional First Lien Obligations of such Series or providing any
guarantee, Lien or other right in respect thereof. 
 “Additional Secured Parties” means the holders of any
Additional First Lien Obligations. 
 “Affiliate” means, with respect to any 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. “Control” means the possession, directly or indirectly, of the power to direct or cause
the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Agreement” has the meaning assigned to such term in the preamble hereto. 

 “Amend” means, in respect of any agreement, to amend, restate, supplement,
waive or otherwise modify such agreement, in whole or in part. The terms “Amended” and “Amendment” shall have correlative meanings. 
 “Authorized Officer” means, with respect to any Person, the chief executive officer, the chief financial officer, principal accounting officer, any vice president, treasurer, general
counsel, secretary or another executive officer of such Person. 
 “Bailee Collateral Agent” has the meaning
assigned to such term in Section 4.01(a). 
 “Bankruptcy Code” means Title 11 of the United States Code,
as amended. 
 “Bankruptcy Law” means the Bankruptcy Code and any similar Federal, state or foreign law for the
relief of debtors. 
 “Borrower” has the meaning assigned to such term in the preamble hereto. 

“Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are
authorized or required by law to remain closed. 
 “Class”, when used in reference to (a) any First Lien
Obligations, refers to whether such First Lien Obligations are the Credit Agreement Obligations, the Senior Secured Notes Obligations or the Additional First Lien Obligations of any Series, (b) any Collateral Agent, refers to whether such
Collateral Agent is the Credit Agreement Collateral Agent, the Notes Collateral Agent or the Additional Collateral Agent with respect to the Additional First Lien Obligations of any Series, (c) any Bailee Collateral Agent, refers to whether
such Bailee Collateral Agent is the Credit Agreement Collateral Agent, the Notes Collateral Agent or the Additional Collateral Agent with respect to the Additional First Lien Obligations of any Series, (d) any Secured Parties, refers to whether
such Secured Parties are the Credit Agreement Secured Parties, the Senior Secured Notes Secured Parties or the holders of the Additional First Lien Obligations of any Series, (e) any Secured Credit Documents, refers to whether such Secured
Credit Documents are the Credit Agreement Documents, the Senior Secured Notes Documents or the Additional First Lien Obligations Documents with respect to Additional First Lien Obligations of any Series, and (f) any Security Documents, refers
to whether such Security Documents are part of the Credit Agreement Documents, the Senior Secured Notes Documents or the Additional First Lien Obligations Documents with respect to Additional First Lien Obligations of any Series. 

“Collateral” means all assets of the Borrower or any of the Grantors now or hereafter subject to a Lien securing any
First Lien Obligation. 
 “Collateral Agent Joinder Agreement” means a supplement to this Agreement
substantially in the form of Exhibit I. 
 “Collateral Agents” means the Credit Agreement Collateral Agent, the
Notes Collateral Agent and each Additional Collateral Agent. 

  
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 “Control” has the meaning assigned thereto in the definition of
“Affiliate”. 
 “Controlled Shared Collateral” has the meaning assigned to such term in
Section 4.01(a). 
 “Credit Agreement” means the Credit Agreement dated as of November 16, 2012 by
and among the Borrower, Holdings, the lenders party thereto from time to time, Bank of America, N.A., as administrative agent and collateral agent, and one or more other financing arrangements (including, without limitation, any guarantee agreements
and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including any agreement, indenture, credit facility, commercial paper
facility or new agreement extending the maturity of, refinancing, replacing, consolidating or otherwise restructuring all or any portion of the Indebtedness under any such agreement or any successor or replacement agreement and whether by the same
or any other agent, lender or group of lenders and whether or not increasing the amount of Indebtedness that may be incurred thereunder; provided that the collateral agent for any such other financing arrangement or agreement becomes a party
hereto by executing and delivering a Collateral Agent Joinder Agreement. 
 “Credit Agreement Administrative
Agent” has the meaning assigned to the term “Administrative Agent” in the Credit Agreement. 

“Credit Agreement Collateral Agent” has the meaning assigned to such term in the preamble hereto. 

“Credit Agreement Collateral Agreement” has the meaning assigned to the term “Collateral Agreement” in the
Credit Agreement. 
 “Credit Agreement Documents” has the meaning assigned to the term “Loan
Documents” in the Credit Agreement. 
 “Credit Agreement Obligations” has the meaning assigned to the term
“Obligations” in the Credit Agreement, together with any Refinancing thereof; provided, that the holders of any such Refinancing debt (or the applicable Collateral Agent on their behalf) shall, to the extent not already party hereto in
such capacity, bind themselves in writing to the terms of this Agreement. 
 “Credit Agreement Secured Parties”
has the meaning assigned to the term “Secured Parties” in the Credit Agreement. 
 “Discharge” means,
with respect to First Lien Obligations of any Class, (a) payment in full in cash of the principal of and interest on (including interest accruing during the pendency of any Insolvency or Liquidation Proceeding, regardless of whether allowed or
allowable in such Insolvency or Liquidation Proceeding), and premium, if any, on, all Indebtedness outstanding under Secured Credit Documents of such Class, (b) payment in full of all other First Lien Obligations of such Class that are due and
payable or otherwise accrued and owing at or prior to the time such principal and interest are paid, (c) in the case of the Credit Agreement Obligations, cancellation of or the entry into arrangements reasonably satisfactory to

  
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the Credit Agreement Administrative Agent and each applicable issuing lender with respect to all letters of credit issued and outstanding under the Credit Agreement Documents and
(d) termination or expiration of all commitments to lend under the Credit Agreement Documents. 
 “Event of
Default” means an “Event of Default” (or similar event, however denominated) as defined in any Secured Credit Document. 
 “First Lien Obligations” means (a) all the Credit Agreement Obligations, (b) all the Senior Secured Notes Obligations and (c) all the Additional First Lien Obligations.

 “Grantor Joinder Agreement” means a supplement to this Agreement substantially in the form of Exhibit II.

 “Grantors” means, at any time, Holdings, the Borrower and each Subsidiary that, at such time, pursuant to
Security Documents of any Class have granted a Lien on any of its assets to secure any First Lien Obligations of such Class. 

“Holdings” means APX Group Holdings, Inc. 
 “Impairment” has the meaning assigned to such term in Section 2.02. 
 “Indebtedness” has the meaning assigned to such term in the Senior Secured Notes Indenture or in the Credit Agreement, as applicable. 

“Insolvency or Liquidation Proceeding” means: 

(a) any case commenced by or against the Borrower or any other Grantor under any Bankruptcy Law, any other proceeding for
the reorganization, receivership, recapitalization or adjustment or marshalling of the assets or liabilities of the Borrower or any other Grantor, any receivership or assignment for the benefit of creditors relating to the Borrower or any other
Grantor or its assets or any similar case or proceeding relative to the Borrower or any other Grantor or its creditors or its assets, as such, in each case whether or not voluntary; 

(b) any liquidation, dissolution, marshalling of assets or liabilities, assignment for the benefit of creditors or other
winding up of or relating to the Borrower or any other Grantor or its assets, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency and whether or not in a court supervised proceeding; or 

(c) any other proceeding of any type or nature in which substantially all claims of creditors of the Borrower or any other
Grantor are determined and any payment or distribution is or may be made on account of such claims. 
 “Intervening
Creditor” has the meaning assigned to such term in Section 2.02. 
 “Intervening Lien” has the
meaning assigned to such term in Section 2.02. 

  
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 “Lien” means, with respect to any asset, any mortgage, deed of trust, lien,
pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset. 
 “Notes Collateral
Agent” has the meaning assigned to such term in the preamble hereto. 
 “Pari Passu Lien Indebtedness”
has the meaning assigned to such term in the Senior Secured Notes Indenture. 
 “Person” means any natural
person, corporation, limited liability company, trust, joint venture, association, company, partnership, governmental authority or other entity. 
 “Priority Payment Lien Obligations” means Credit Agreement Obligations and any Additional First Lien Obligations (together with any Refinancing thereof), in each case, which meet the
requirements of “Priority Payment Lien Obligations” as such term is defined in the Senior Secured Notes Indenture as in effect on the date hereof; provided, that the holders of any such Refinancing debt (or the applicable Collateral Agent
on their behalf) shall, to the extent not already party hereto in such capacity, bind themselves in writing to the terms of this Agreement. 
 “Proceeds” has the meaning assigned to such term in Section 2.01(b). 
 “Refinance” means, in respect of any Indebtedness, to refinance, extend, renew, refund, repay, prepay, redeem, purchase, defease, retire, restructure or replace, or to issue other
Indebtedness in exchange or replacement for, such Indebtedness, in whole or in part. “Refinanced” and “Refinancing” shall have correlative meanings. 

“Related Secured Credit Documents” means, with respect to the Collateral Agent or Secured Parties of any Class, the
Secured Credit Documents of such Class. 
 “Related Secured Parties” means, with respect to the Collateral
Agent of any Class, the Secured Parties of such Class. 
 “Secured Credit Documents” means, collectively,
(a) the Credit Agreement Documents, (b) the Senior Secured Notes Documents and (c) the Additional First Lien Obligations Documents. 
 “Secured Parties” means (a) the Credit Agreement Secured Parties, (b) the Senior Secured Notes Secured Parties and (c) the Additional Secured Parties. 

“Security Documents” means (a) the Credit Agreement Collateral Agreement and the other Security Documents (as
defined in the Credit Agreement), (b) the Senior Secured Notes Collateral Agreement and the other Senior Secured Notes Documents providing any Lien (including any mortgage) in respect of the Senior Secured Notes Obligations and (c) any
other agreement entered into in favor of the Collateral Agent of any other Class for the purpose of securing the First Lien Obligations of such Class. 

  
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 “Senior Secured Notes Collateral Agreement” has the meaning assigned to the
term “Security Agreement” in the Senior Secured Notes Indenture. 
 “Senior Secured Notes Documents”
means the Senior Secured Notes Indenture, the Senior Secured Notes Collateral Agreement and all other instruments, agreements and other documents evidencing or governing the Senior Secured Notes Obligations or providing any Guarantee (as defined in
the Senior Secured Notes Indenture), Lien (including any mortgage) or other right in respect thereof. 
 “Senior Secured
Notes Indenture” means that certain Indenture, dated as of November 16, 2012, among the Borrower, the other Grantors party thereto, as guarantors, the Notes Collateral Agent and Wilmington Trust, National Association, as Senior Secured
Notes Trustee, governing the Borrower’s 6.375% Senior Secured Notes due 2019, as the same may be amended, restated, supplemented or otherwise modified from time to time, including any agreement extending the maturity of, refinancing, replacing,
consolidating or otherwise restructuring all or any portion of the Indebtedness under such Senior Secured Notes Indenture or any successor or replacement Senior Secured Notes Indenture and whether by the same or any other Senior Secured Notes
Trustee and whether or not increasing the amount of Indebtedness that may be incurred thereunder; provided that the collateral agent for any such other financing arrangement or Senior Secured Notes Indenture becomes a party hereto by
executing and delivering a Collateral Agent Joinder Agreement. 
 “Senior Secured Notes Obligations” has the
meaning assigned to the term “Notes Obligations” in the Senior Secured Notes Indenture, together with any Refinancing thereof; provided, that the holders of any such Refinancing debt (or their agent on their behalf) shall bind themselves
in writing to the terms of this Agreement. 
 “Senior Secured Notes Secured Parties” has the meaning assigned
to the term “Secured Parties” in the Senior Secured Notes Indenture. 
 “Senior Secured Notes
Trustee” has the meaning given to the term “Trustee” as defined in the Senior Secured Notes Indenture. 

“Series”, when used in reference to Additional First Lien Obligations, refers to such Additional First Lien Obligations
as shall have been issued or incurred pursuant to the same indentures or other agreements and with respect to which the same Person acts as the Additional Collateral Agent. 
 “Shared Collateral” means, at any time, Collateral on which Collateral Agents or Secured Parties of any two or more Classes have at such time a Lien (including as a result of the
agreements set forth in Section 4.01). If First Lien Obligations of more than two Classes are outstanding at any time, then any Collateral shall constitute Shared Collateral with respect to First Lien Obligations of any Class only if the
Collateral Agent or Secured Parties of such Class have at such time a Lien on such Collateral. 
 “Subsidiary”
of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other
governing body 

  
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(other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned directly, or indirectly through one or more
intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower. 

SECTION 1.02. Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms
defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase
“without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise, (a) any definition of or reference to any agreement,
instrument, other document, statute or regulation herein shall be construed as referring to such agreement, instrument, other document, statute or regulation as from time to time amended, supplemented or otherwise modified, (b) any reference
herein to any Person shall be construed to include such Person’s successors and assigns, but shall not be deemed to include the subsidiaries of such Person unless express reference is made to such subsidiaries, (c) the words
“herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles,
Sections and Exhibits shall be construed to refer to Articles, and Sections of, and Exhibits to, this Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to
any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 
 SECTION
1.03. Concerning the Credit Agreement Collateral Agent, the Notes Collateral Agent and Each Additional Collateral Agent. 

(a) Each acknowledgement, agreement, consent and waiver (whether express or implied) in this Agreement made by the Credit Agreement
Collateral Agent, whether on behalf of itself or any of its Related Secured Parties, is made in reliance on the authority granted to the Credit Agreement Collateral Agent pursuant to the authorization thereof under the Credit Agreement. It is
understood and agreed that the Credit Agreement Collateral Agent shall not be responsible for or have any duty to ascertain or inquire into whether any of its Related Secured Parties is in compliance with the terms of this Agreement, and no party
hereto or any other Secured Party shall have any right of action whatsoever against the Credit Agreement Collateral Agent for any failure of any of its Related Secured Parties to comply with the terms hereof or for any of its Related Secured Parties
taking any action contrary to the terms hereof. 
 (b) Each acknowledgement, agreement, consent and waiver (whether express or
implied) in this Agreement made by the Notes Collateral Agent, whether on behalf of itself or any of its Related Secured Parties, is made in reliance on the authority granted to the Notes Collateral Agent pursuant to the authorization thereof under
the Senior Secured Notes Indenture. It is understood and agreed that the Notes Collateral Agent shall not be responsible for or have any duty to ascertain or inquire into whether any of its Related Secured Parties is in compliance with the terms of
this Agreement, and no party hereto or any other Secured Party shall have any right of action whatsoever against the Notes Collateral Agent for any failure of any of its Related Secured Parties to comply with the terms hereof or for any of its
Related Secured Parties taking any action contrary to the terms hereof. 

  
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 (c) Each acknowledgement, agreement, consent and waiver (whether express or implied) in this
Agreement made by any Additional Collateral Agent, whether on behalf of itself or any of its Related Secured Parties, is made in reliance on the authority granted to such Additional Collateral Agent pursuant to the authorization thereof under the
Additional First Lien Obligations Documents relating to such Class of First Lien Obligations. It is understood and agreed that no Additional Collateral Agent shall be responsible for or have any duty to ascertain or inquire into whether any of its
Related Secured Parties is in compliance with the terms of this Agreement, and no party hereto or any other Secured Party shall have any right of action whatsoever against the Additional Collateral Agent for any failure of any of its Related Secured
Parties to comply with the terms hereof or for any of its Related Secured Parties taking any action contrary to the terms hereof. 
 ARTICLE II 
 Lien Priorities; Proceeds 

SECTION 2.01. Relative Priorities. 
 (a) Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Lien on any Shared Collateral securing any First Lien Obligation, and notwithstanding any provision of
the Uniform Commercial Code of any jurisdiction, any other applicable law or any Secured Credit Document, or any other circumstance whatsoever (but, in each case, subject to Section 2.01(b) and Section 2.02), each Collateral Agent, for
itself and on behalf of its Related Secured Parties, agrees that Liens on any Shared Collateral securing First Lien Obligations of any Class shall be of equal priority. 
 (b) Each Collateral Agent, for itself and on behalf of its Related Secured Parties, agrees that, notwithstanding (x) any provision of any Secured Credit Document to the contrary (but subject to
Section 2.02) and (y) the date, time, method, manner or order of grant, attachment or perfection of any Lien on any Shared Collateral securing any First Lien Obligation, and notwithstanding any provision of the Uniform Commercial Code of
any jurisdiction, any other applicable law or any Secured Credit Document, or any other circumstance whatsoever (but, in each case, subject to Section 2.02), if (i) such Collateral Agent or any of its Related Secured Parties takes any
action to enforce rights or exercise remedies in respect of any Shared Collateral (including any such action referred to in Section 3.01(a)), (ii) any distribution is made in respect of any Shared Collateral in any Insolvency or
Liquidation Proceeding of the Borrower or any other Grantor or (iii) such Collateral Agent or any of its Related Secured Parties receives any payment with respect to any Shared Collateral pursuant to any intercreditor agreement (other than this
Agreement), then the proceeds of any sale, collection or other liquidation of any Shared Collateral obtained by such Collateral Agent or any of its Related Secured Parties on account of such enforcement of rights or exercise of remedies, and any
such distributions or payments received by such Collateral Agent or any of its Related Secured Parties (all such proceeds, distributions and payments being collectively referred to as “Proceeds”), shall be applied as follows:

 (i) FIRST, to the payment of all amounts owing to and all costs and expenses incurred by any Collateral Agent,
the Credit Agreement Administrative Agent and the 

  
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Senior Secured Notes Trustee (in their capacities as such), pursuant to the terms of any Secured Credit Document or in connection with any enforcement of rights or exercise of remedies pursuant
thereto, including all court costs and the reasonable fees and expenses of agents and legal counsel and, in each case, including all costs and expenses incurred in enforcing its rights to obtain such payment; 

(ii) SECOND, to the payment in full of any Priority Payment Lien Obligations at the time due and payable (including any
post-petition interest with respect thereto, regardless of whether or not allowed or allowable in any Insolvency or Liquidation Proceeding) and the termination of any commitments thereunder; 

(iii) THIRD, to the payment in full of all other First Lien Obligations of each Class secured by a Lien on such Shared
Collateral at the time due and payable (the amounts so applied to be distributed, as among such Classes of First Lien Obligations, ratably in accordance with the amounts of the First Lien Obligations of each such Class on the date of such
application); 
 (iv) FOURTH, after payment in full of all First Lien Obligations secured by such Shared
Collateral, to the holders of junior liens in the Shared Collateral (to the extent the holders of such junior liens, or a representative thereof, are party to this Agreement); and 

(v) FIFTH, after payment in full of all the First Lien Obligations, to the Borrower and the other Grantors or their
successors or assigns, as their interests may appear, or as a court of competent jurisdiction may direct. 
 (c) For the
avoidance of doubt, any amounts to be distributed pursuant to this Section 2.01 shall be distributed by the applicable Collateral Agent to the following agents for further distribution to its Related Secured Parties: (i) in the case of any
amount representing payment with respect to a Priority Payment Lien Obligation, to the Credit Agreement Collateral Agent (until such time as the Credit Agreement Obligations that constitute Priority Payment Obligations are Discharged, and after such
time to the Collateral Agent that is granted possession of all possessory Controlled Shared Collateral in accordance with Section 4.01(d)), (ii) in the case of any amount representing payment with respect to a Credit Agreement Obligation,
to the Credit Agreement Collateral Agent, (iii) in the case of any amount representing payment with respect to a Senior Secured Notes Obligation, to the Notes Collateral Agent, and (iv) in the case of any amount representing payment with
respect to any Additional First Lien Obligation, to the applicable Additional Collateral Agent for the corresponding Additional First Lien Obligations Documents. 
 (d) It is acknowledged that the First Lien Obligations of any Series may, subject to the limitations set forth in the then extant Secured Credit Documents, be increased, extended, renewed, replaced,
restated, supplemented, restructured, repaid, refunded, Refinanced or otherwise amended or modified from time to time, all without affecting the priorities set forth in Section 2.01(b) or the provisions of this Agreement defining the relative
rights of the Secured Parties of any Class. 

  
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 SECTION 2.02. Impairments. It is the intention of the parties hereto that the Secured
Parties of any given Class of Pari Passu Lien Indebtedness (and not the Secured Parties of any other Class of Pari Passu Lien Indebtedness) bear the risk of any determination by a court of competent jurisdiction that (i) any First Lien
Obligations of such Class of Pari Passu Lien Indebtedness are unenforceable under applicable law or are subordinated to any other obligations (other than to any Pari Passu Lien Indebtedness), (ii) the Secured Parties of such Class of Pari Passu
Lien Indebtedness do not have a Lien on any of the Collateral securing any First Lien Obligations of any other Class of Pari Passu Lien Indebtedness and/or (iii) any Person (other than any Collateral Agent or Secured Party) has a Lien on any
Shared Collateral that is senior in priority to the Lien on such Shared Collateral securing First Lien Obligations of such Class of Pari Passu Lien Indebtedness, but junior to the Lien on such Shared Collateral securing any other class of Priority
Payment Lien Obligations or Pari Passu Lien Indebtedness (any such Lien being referred to as an “Intervening Lien”, and any such Person being referred to as an “Intervening Creditor”) (any condition with respect to
First Lien Obligations of such Class of Pari Passu Lien Indebtedness being referred to as an “Impairment” of such Class). In the event an Impairment exists with respect to First Lien Obligations of any Class of Pari Passu Lien
Indebtedness, the results of such Impairment shall be borne solely by the Secured Parties of such Class of Pari Passu Lien Indebtedness, and the rights of the Secured Parties of such Class of Pari Passu Lien Indebtedness (including the right to
receive distributions in respect of First Lien Obligations of such Class of Pari Passu Lien Indebtedness pursuant to Section 2.01(b)) set forth herein shall be modified to the extent necessary so that the results of such Impairment are borne
solely by the Secured Parties of such Class. In furtherance of the foregoing, in the event First Lien Obligations of any Class of Pari Passu Lien Indebtedness shall be subject to an Impairment in the form of an Intervening Lien of any Intervening
Creditor, the value of any Shared Collateral or Proceeds that are allocated to such Intervening Creditor shall be deducted solely from the Shared Collateral or Proceeds to be distributed in respect of First Lien Obligations of such Class.

 SECTION 2.03. Payment Over. Each Collateral Agent, on behalf of itself and its Related Secured Parties, agrees that if
such Collateral Agent or any of its Related Secured Parties shall at any time obtain possession of any Shared Collateral or receive any Proceeds (other than as a result of any application of Proceeds pursuant to Section 2.01(b)), (i) such
Collateral Agent or its Related Secured Party, as the case may be, shall promptly inform each other Collateral Agent thereof, (ii) such Collateral Agent or its Related Secured Party shall hold such Shared Collateral or Proceeds for the benefit
of the Secured Parties of any Class entitled thereto pursuant to Section 2.01(b) and, with respect to any Shared Collateral constituting Controlled Shared Collateral, such Collateral Agent shall comply with the provisions of Section 4.01
and (iii) in the case of any such Proceeds, such Proceeds shall be applied in accordance with Section 2.01(b) as promptly as practicable. 
 SECTION 2.04. Determinations with Respect to Amounts of Obligations and Liens. Whenever the Collateral Agent of any Class shall be required, in connection with the exercise of its rights or the
performance of its obligations hereunder, to determine the existence or amount of any First Lien Obligations of any other Class, or the Shared Collateral subject to any Lien securing the First Lien Obligations of any other Class (and whether such
Lien constitutes a valid and perfected Lien), it may request that such information be furnished to it in writing by the Collateral Agent of such other Class and shall be entitled to make such determination on the basis of the information so
furnished; provided that if, notwithstanding the 

  
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request of the Collateral Agent of such Class, the Collateral Agent of such other Class shall fail or refuse reasonably promptly to provide the requested information, the Collateral Agent of such
Class shall be entitled to make any such determination by such method as it may, in the exercise of its good faith judgment, determine, including by reliance upon a certificate of an Authorized Officer of the Borrower. Each Collateral Agent may rely
conclusively, and shall be fully protected in so relying, on any determination made by it in accordance with the provisions of the preceding sentence (or as otherwise directed by a court of competent jurisdiction) and shall have no liability to any
Grantor, any Secured Party or any other Person as a result of such determination or any action taken or not taken pursuant thereto. 
 SECTION 2.05. Exculpatory Provisions. None of the Collateral Agents or any Secured Parties shall be liable for any action taken or omitted to be taken by any Collateral Agent or Secured Party with
respect to any Shared Collateral in accordance with the provisions of this Agreement. 
 ARTICLE III 

Rights and Remedies; Matters Relating to Shared Collateral 

SECTION 3.01. Exercise of Rights and Remedies. 
 (a) Subject to paragraphs (b) and (c) of this Section and Section 4.01(a), nothing in this Agreement shall affect the ability of any Collateral Agent or any of its Related Secured Parties
(i) to enforce any rights and exercise any remedies with respect to any Shared Collateral available under any Related Secured Credit Documents or applicable law, including any right of set-off and any determinations regarding the release of
Liens on, or any sale, transfer or other disposition of, any Shared Collateral, or any other rights or remedies available to a secured creditor under the Uniform Commercial Code of any jurisdiction, the Bankruptcy Code or any other Bankruptcy Law or
(ii) to commence any action or proceeding with respect to such rights or remedies (including any foreclosure action or proceeding or any Insolvency or Liquidation Proceeding). Subject to paragraphs (b) and (c) of this Section and
Section 4.01(a), any such exercise of rights and remedies by any Collateral Agent or any of its Related Secured Parties may be made in such order and in such manner as such Collateral Agent or its Related Secured Parties may, subject to the
provisions of their Related Secured Credit Documents, determine in their sole discretion. In addition, (A) in any Insolvency or Liquidation Proceeding commenced by or against the Borrower or any other Grantor, each Collateral Agent or any of
its Related Secured Parties may file a proof of claim or statement of interest with respect to the applicable obligations thereto, (B) in any Insolvency or Liquidation Proceeding commenced by or against the Borrower or any other Grantor, each
Collateral Agent or its Related Secured Parties may file any necessary or appropriate responsive pleadings in opposition to any motion, adversary proceeding or other pleading filed by any Person objecting to or otherwise seeking disallowance of the
claim or Lien of such Collateral Agent or Related Secured Party, (C) each Collateral Agent or its Related Secured Parties may file any pleadings, objections, motions, or agreements which assert rights available to unsecured creditors of the
Borrower or any other Grantor arising under any Insolvency or Liquidation Proceeding or applicable nonbankruptcy law, and (D) each Collateral Agent and its Related Secured Party may vote on any plan of reorganization in any Insolvency or
Liquidation Proceeding of the Borrower or any other Grantor, in each case (A) through (D) above to the extent such action is not inconsistent with, or could not result in a resolution inconsistent with, the terms of this Agreement.

  
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 (b) Notwithstanding paragraph (a) of this Section: 

(i) each Collateral Agent and its Related Secured Parties shall remain subject to, and bound by, all covenants or
agreements made herein by or on behalf of such Collateral Agent or its Related Secured Parties; 
 (ii) each
Collateral Agent agrees, on behalf of itself and its Related Secured Parties, that, prior to the commencement of any enforcement of rights or any exercise of remedies with respect to any Shared Collateral by such Collateral Agent or any of its
Related Secured Parties, such Collateral Agent or its Related Secured Party, as the case may be, shall provide prior written notice thereof to each other Collateral Agent, such notice to be provided as far in advance of such commencement as
reasonably practicable, and shall regularly inform each other Collateral Agent of developments in connection with such enforcement or exercise; and 
 (iii) subject to the terms and conditions of each Collateral Agent’s Related Secured Credit Documents, each Collateral Agent agrees, on behalf of itself and its Related Secured Parties, that such
Collateral Agent and its Related Secured Parties shall cooperate in a commercially reasonable manner with each other Collateral Agent and its Related Secured Parties in any enforcement of rights or any exercise of remedies with respect to any Shared
Collateral; provided, however, that nothing in this section shall require any Collateral Agent to cooperate with any other Collateral Agent if it has not received the appropriate or necessary consents, waivers, direction or indemnity from its
Related Secured Parties. 
 (c) Notwithstanding anything otherwise to the contrary herein, to the extent provided in the Senior
Secured Notes Documents or the Additional First Lien Obligations Documents with respect to any Pari Passu Lien Indebtedness for which the Notes Collateral Agent is also acting as collateral agent, the Notes Collateral Agent will be permitted to
exercise remedies and sell the Collateral under the Security Documents only at the direction of the agents or representatives (including the Senior Secured Notes Trustee in the case of the Senior Secured Notes Secured Parties) who are authorized to
act on behalf of the Senior Secured Notes Secured Parties or the Additional Secured Parties for which the Notes Collateral Agent is acting as collateral agent, as applicable, or at the direction of the holders of a majority in the principal amount
of the outstanding Senior Secured Notes Obligations and any outstanding Additional First Lien Obligations for which the Collateral Agent is acting as collateral agent voting as a single class. 

SECTION 3.02. Prohibition on Contesting Liens. Each Collateral Agent agrees, on behalf of itself and its Related Secured Parties,
that neither such Collateral Agent nor any of its Related Secured Parties will, and each hereby waives any right to, contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the
perfection, priority, validity, attachment or enforceability of a Lien held by or on behalf of any other Collateral Agent or any of its Related Secured Parties in all or any part of 

  
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the Shared Collateral; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any Collateral Agent or any of its Related Secured Parties to enforce
this Agreement. 
 SECTION 3.03. Prohibition on Challenging this Agreement. Each Collateral Agent agrees, on behalf of
itself and its Related Secured Parties, that neither such Collateral Agent nor any of its Related Secured Parties will attempt, directly or indirectly, whether by judicial proceedings or otherwise, to challenge the enforceability of any provision of
this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any Collateral Agent or any of its Related Secured Parties to enforce this Agreement. 

SECTION 3.04. Release of Liens. The parties hereto agree and acknowledge that the release of Liens on any Shared Collateral
securing First Lien Obligations of any Class, whether in connection with a sale, transfer or other disposition of such Shared Collateral or otherwise, shall be governed by and subject to the Secured Credit Documents of such Class, and that nothing
in this Agreement shall be deemed to amend or affect the terms of the Secured Credit Documents of such Class with respect thereto; provided that if, at any time any Shared Collateral is transferred to a third party or otherwise disposed of,
in each case, in connection with any enforcement by the applicable Collateral Agent in accordance with the provisions of this Agreement, then (whether or not any Insolvency or Liquidation Proceeding is pending at the time) the Liens in favor of the
other Collateral Agents for the benefit of each Series of Secured Parties upon such Shared Collateral will automatically be released and discharged upon final conclusion of foreclosure proceeding as and when, but only to the extent, such Liens on
the Shared Collateral of the Collateral Agent enforcing its remedies in connection with such foreclosure are released and discharged; provided that any proceeds of any Shared Collateral realized therefrom shall be applied pursuant to
Section 2.01(b) hereof; provided, however, that the Liens in favor of the other Collateral Agents for the benefit of each Series of Secured Parties will not be released as to any Shared Collateral the net proceeds of the disposition of
which will not be applied to repay any First Lien Obligations. Each Collateral Agent agrees to execute and deliver (at the sole cost and expense of the Grantors) all such authorizations and other instruments as shall reasonably be requested by the
any other Collateral Agent to evidence and confirm any release of Shared Collateral provided for in this Section. 
 ARTICLE IV

 Collateral 
 SECTION 4.01. Bailment for Perfection of Security Interests. 
 (a) Each
Collateral Agent agrees that if it shall at any time hold a Lien on any Shared Collateral that can be perfected by the possession or control of such Shared Collateral or of any deposit, securities or other account in which such Shared Collateral is
held, and if such Shared Collateral or any such account is in fact in the possession or under the control of such Collateral Agent, or of agents or bailees of such Collateral Agent (such Shared Collateral being referred to herein as the
“Controlled Shared Collateral”), such Collateral Agent shall, solely for the purpose of perfecting the Liens of any other Collateral Agent granted on such Shared Collateral under its Related Secured Credit Documents and subject to
the terms and conditions of 

  
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this Article, also hold such Controlled Shared Collateral as gratuitous bailee and sub-agent for each such other Collateral Agent (any Collateral Agent that shall be holding any Controlled Shared
Collateral as gratuitous bailee and sub-agent being referred to herein as the “Bailee Collateral Agent”). In furtherance of the foregoing, each Collateral Agent appoints each Bailee Collateral Agent as such Collateral Agent’s
gratuitous bailee and sub-agent hereunder with respect to any Controlled Shared Collateral that such Bailee Collateral Agent possesses or controls at any time solely for the purpose of perfecting a Lien on such Controlled Shared Collateral.
Notwithstanding anything herein to the contrary, it is understood and agreed that as of the date hereof and until such time as the Credit Agreement Obligations that constitute Priority Payment Lien Obligations are Discharged, the Credit Agreement
Collateral Agent shall have the sole right to give any instructions, directions and entitlement orders (including any blockage or withdrawal instructions) with respect to any deposit, securities or other accounts, or any funds or property contained
thereinto and to exercise any other remedies under any control agreement entered into with respect to a deposit account, a securities account or any other account; provided that any amounts withdrawn therefrom shall be subject to
Article II. It is further understood and agreed that as of the date hereof and until such time as the Credit Agreement Obligations that constitute Priority Payment Lien Obligations are Discharged, the Credit Agreement Collateral Agent shall be
granted possession of all possessory Controlled Shared Collateral and, thereafter, possession shall be determined by Section 4.01(d). 
 (b) In furtherance of the foregoing, each Grantor hereby grants a security interest in the Controlled Shared Collateral to each Collateral Agent that possesses or controls Controlled Shared Collateral as
permitted in Section 4.01(a) for the benefit of the Secured Parties under any other Class of First Lien Obligations which have been granted a Lien on the Controlled Shared Collateral possessed or controlled by such Collateral Agent. 

(c) Subject to Section 4.01(a), for purposes of this Section, the Bailee Collateral Agent shall be entitled to deal with the
applicable Controlled Shared Collateral in accordance with the terms of its Related Secured Credit Documents as if the Liens thereon of the Collateral Agent or Secured Parties of any other Class (and the agreements set forth in paragraph (a) of
this Section) did not exist; provided that any Proceeds arising from any such Controlled Shared Collateral shall be subject to Article II. The obligations and responsibilities of any Bailee Collateral Agent to any other Collateral Agent
or any of its Related Secured Parties under this Article shall be limited solely to holding or controlling the applicable Controlled Shared Collateral as gratuitous bailee and sub-agent in accordance with this Article. Without limiting the
foregoing, (i) no Bailee Collateral Agent shall have any obligation or responsibility to ensure that any Controlled Shared Collateral is genuine or owned by any of the Grantors, (ii) no Bailee Collateral Agent shall, by reason of this
Agreement, any other Security Document or any other document, have a fiduciary relationship or other implied duties in respect of any other Collateral Agent or any other Secured Party and (iii) without affecting the agreement of any Bailee
Collateral Agent to act as a gratuitous bailee and sub-agent solely for the purpose set forth in paragraph (a) of this Section or the right of any other Collateral Agent to enforce the rights and exercise the remedies (in each case other than
through such Bailee Collateral Agent) as set forth in Section 3.01 and subject to the proviso in Section 4.01(a), each Collateral Agent agrees that such Collateral Agent shall not issue any instructions to any Bailee Collateral Agent, in
its capacity as a gratuitous bailee and sub-agent of such Collateral Agent, with respect to the Controlled Shared Collateral or otherwise seek to exercise control over any Bailee Collateral Agent. 

  
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 (d) The Bailee Collateral Agent of any Class shall, upon the Discharge of the First Lien
Obligations of such Class, transfer the possession and control of the applicable Controlled Shared Collateral, together with any necessary endorsements but without recourse or warranty, (i) if First Lien Obligations of any other Class are
outstanding at such time, to the Collateral Agent of such other Class (or, if First Lien Obligations of more than one other Class are outstanding at such time, to the Collateral Agent of the same Class as the Class of the First Lien Obligations the
aggregate principal amount of which outstanding at such time exceeds the aggregate principal amount of the First Lien Obligations of any other Class outstanding at such time) and (ii) if no First Lien Obligations are outstanding at such time,
to the applicable Grantor or as directed by a court of competent jurisdiction, in each case so as to allow such Person to obtain possession and control of such Controlled Shared Collateral. In connection with any transfer under clause (i) above
by any Bailee Collateral Agent, such Bailee Collateral Agent agrees to take all actions in its power as shall be necessary or reasonably requested by the transferee Collateral Agent to permit the transferee Collateral Agent to obtain, for the
benefit of its Related Secured Parties, a first priority security interest in the applicable Controlled Shared Collateral. 

SECTION 4.02. Delivery of Documents. Promptly after the execution and delivery to any Collateral Agent by any Grantor of any
Security Document (other than (a) any Security Document in effect on the date hereof and (b) any Additional First Lien Obligations Document referred to in paragraph (b) of Article VII, but including any amendment, amendment and
restatement, waiver or other modification of any such Security Document or Additional First Lien Obligations Document), the Borrower shall deliver to each Collateral Agent party hereto at such time a copy of such Security Document. 

ARTICLE V 

Certain Agreements With Respect to Bankruptcy or Insolvency Proceedings 

SECTION 5.01. Certain Agreements With Respect to Bankruptcy or Insolvency Proceedings. 

(a) If the Borrower or any of its subsidiaries shall become subject to a case under the Bankruptcy Code and shall, as
debtor(s)-in-possession, move for approval of financing (“DIP Financing”) to be provided by one or more lenders (the “DIP Lenders”) under Section 364 of the Bankruptcy Code or the use of cash collateral
under Section 363 of the Bankruptcy Code, each of the Senior Secured Notes Secured Parties and the Additional Secured Parties in respect of Pari Passu Lien Indebtedness agree that it will raise no objection to any such financing or to the Liens
on the Shared Collateral securing the same (“DIP Financing Liens”) or to any use of cash collateral that constitutes Shared Collateral, unless the Credit Agreement Collateral Agent or the holders of the Priority Payment Lien
Obligations secured by the Shared Collateral shall then oppose or object to such DIP Financing or such DIP Financing Liens or use of cash collateral (and, to the extent that such DIP Financing Liens are senior to, or rank pari passu with, the
Liens of such Priority Payment Lien Obligations secured by the Shared Collateral, the Notes 

  
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Collateral Agent will, for itself and on behalf of the other Senior Secured Notes Secured Parties and the Additional Secured Parties, subordinate the Liens of the Senior Secured Notes Secured
Parties and Additional Secured Parties in such Shared Collateral to the DIP Financing Liens, all adequate protection liens granted to the holders of the Priority Payment Lien Obligations on the Shared Collateral, and to any “carve-out” for
professional and United States Trustee fees agreed to by the Credit Agreement Collateral Agent), so long as the Senior Secured Notes Secured Parties and the Additional Secured Parties are granted adequate protection in accordance with the terms
hereof. 
 (b) Each Senior Secured Notes Secured Party and Additional Secured Party agrees that it will not object to or oppose
any release of their Liens in connection with any sale or other disposition of any Shared Collateral (or any portion thereof) under Section 363 of the Bankruptcy Code or any other provision of the Bankruptcy Code if the Credit Agreement
Collateral Agent and the holders of Priority Payment Lien Obligations shall have consented to such sale or disposition of such Shared Collateral, provided that the Liens of the Secured Parties will attach to the proceeds of such sale or disposition
on the same basis of priority as they do with respect to the Shared Collateral in accordance with this Agreement, and further provided that the Senior Secured Notes Secured Parties and the Additional Secured Parties will be entitled to assert any
objection to such sale or disposition that may be asserted by any unsecured creditor of the Borrower or any of its subsidiaries in such Insolvency or Liquidation Proceeding. 
 SECTION 5.02. Relief from Automatic Stay. Until the Discharge of Priority Payment Lien Obligations, the Notes Collateral Agent, on behalf of itself and the Senior Secured Notes Secured Parties and the
Additional Secured Parties, agrees that none of them shall (i) seek relief from the automatic stay in any Insolvency or Liquidation Proceeding in respect of the Shared Collateral, without the prior written consent of the Credit Agreement
Collateral Agent, or (ii) oppose any motion by the Credit Agreement Collateral Agent or any the holders of Priority Payment Lien Obligations seeking relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in
respect of the Shared Collateral. 
 SECTION 5.03. Adequate Protection. 

(a) The Notes Collateral Agent, on behalf of itself and the Senior Secured Notes Secured Parties and Additional Secured Parties, agrees
that none of them shall oppose (or support any other person opposing) (i) any motion or other request by the Credit Agreement Collateral Agent or the holders of Priority Payment Lien Obligations for adequate protection of the Credit Agreement
Collateral Agent’s Liens upon the Shared Collateral in any form, including any claim of the Credit Agreement Collateral Agent or the holders of Priority Payment Lien Obligations to post-petition interest, fees, or expenses as a result of their
Lien on the Shared Collateral and request for additional or replacement Liens on post-petition assets of the same type as the Shared Collateral and/or for a superpriority administrative claim, or (ii) any objection by the Credit Agreement
Collateral Agent or the holders of Priority Payment Lien Obligations claiming a lack of adequate protection with respect to their Liens in the Shared Collateral. 
 (b) In any Insolvency or Liquidation Proceeding, the Notes Collateral Agent, on behalf of itself and the Senior Secured Notes Secured Parties and Additional Secured Parties, may seek adequate protection
in respect of the Senior Secured Notes Obligations and the 

  
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Additional First Lien Obligations, subject to the provisions of this Agreement, only if the Credit Agreement Collateral Agent or the holders of Priority Payment Lien Obligations, as the case may
be, are granted adequate protection in the form of additional collateral or replacement Lien on the Shared Collateral and/or a superpriority administrative claim, in which event the Notes Collateral Agent may receive as adequate protection an
additional or replacement Lien and/or superpriority administrative claim (as applicable) that is junior and subordinate to such lien and/or claim granted to the Credit Agreement Collateral Agent or such holders of Priority Payment Lien Obligations
as adequate protection on the same basis as the other Liens securing the Senior Secured Notes Obligations and the Additional First Lien Obligations are so subordinated to the Liens securing the Priority Payment Lien Obligations. In the event the
Notes Collateral Agent, on behalf of itself or any of the Senior Secured Notes Secured Parties and Additional Secured Parties, seeks or requests (or is otherwise granted) adequate protection in respect of Senior Secured Notes Obligations and the
Additional First Lien Obligations and such adequate protection is granted in the form of an additional or replacement Lien and/or a superpriority administrative claim, then the Notes Collateral Agent, on behalf of itself and the Senior Secured Notes
Secured Parties and Additional Secured Parties, agrees that the Credit Agreement Collateral Agent or the holders of Priority Payment Lien Obligations, as the case may be, shall also be granted an additional or replacement Lien and/or a superpriority
administrative claim (as applicable) as adequate protection for its senior interest in the Shared Collateral, and that the Notes Collateral Agent’s additional or replacement Lien and/or superpriority administrative claim (as applicable) shall
be subordinated to the additional or replacement Lien and/or superpriority administrative claim of the Credit Agreement Collateral Agent or the holders of Priority Payment Lien Obligations, as the case may be, on the same basis as the Liens and
claims of the Notes Collateral Agent on the Shared Collateral are subordinated to the Liens of, and claims with respect to, the Credit Agreement Collateral Agent or the holders of Priority Payment Lien Obligations on the Shared Collateral pursuant
hereto. 
 (c) Notwithstanding the foregoing, if the holders of the Priority Payment Lien Obligations are deemed by a court of
competent jurisdiction to be fully secured on the petition date of any Insolvency or Liquidation Proceeding, or have been granted as adequate protection or otherwise the right to receive current post-petition interest, incurred fees or expenses or
other cash payments, then the Notes Collateral Agent and the Notes Secured Parties and Additional Secured Parties shall not be prohibited from seeking adequate protection in the form of payments in the amount of current post-petition interest,
incurred fees, and expenses or other cash payments (as applicable), in addition to the forms of adequate protection described in Section 5.03(b). 
 SECTION 5.04. Section 506(c) Claims. Until the Discharge of Priority Payment Lien Obligations, the Notes Collateral Agent and the Notes Secured Parties and Additional Secured Parties shall not
assert or enforce any claim under Section 506(c) of the Bankruptcy Code senior to or on a parity with the Liens securing the Priority Payment Lien Obligations for costs or expenses of preserving or disposing of any Shared Collateral or other
collateral. 
 SECTION 5.05. Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations
of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a plan of reorganization or liquidation or similar dispositive restructuring plan, both on account of Priority Payment Lien
Obligations and on 

  
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account of Senior Secured Notes Obligations and Additional First Lien Obligations, then, to the extent the debt obligations distributed on account of the Priority Payment Lien Obligations and on
account of Senior Secured Notes Obligations and Additional First Lien Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will
apply with like effect to the Liens securing such debt obligations. 
 ARTICLE VI 

Other Agreements 
 SECTION 6.01. Concerning Secured Credit Documents and Collateral. 
 (a) The
Secured Credit Documents of any Class may be Amended, in whole or in part, in accordance with their terms, in each case without notice to or the consent of the Collateral Agent or any Secured Parties of any other Class; provided that nothing
in this paragraph shall affect any limitation on any such Amendment that is set forth in the Secured Credit Documents of any such other Class. 
 (b) The Grantors agree that each Security Document (other than any Credit Agreement Document executed and delivered prior to the date hereof, without limitation of the applicability of this Agreement
thereto) creating a Lien on any Shared Collateral securing any First Lien Obligations shall contain a legend substantially in the form of Annex I, or similar provisions approved by the Credit Agreement Collateral Agent (until such time as the Credit
Agreement Obligations that constitute Priority Payment Obligations are Discharged, and after such time by the Collateral Agent that is granted possession of all possessory Controlled Shared Collateral in accordance with Section 4.01(d)), which
approval shall not be unreasonably withheld. 
 (c) The Grantors agree that they shall not grant to any Person any Lien on any
Shared Collateral securing First Lien Obligations of any Class other than through the Collateral Agent of such Class (it being understood that the foregoing shall not be deemed to prohibit grants of set-off rights to Secured Parties of any Class);
provided that the foregoing shall not prohibit the granting of any Liens permitted by the terms of the Secured Credit Documents. 
 (d) The Grantors agree that they shall not, and shall not permit any Subsidiary to, grant or permit or suffer to exist any additional Liens on any asset or property to secure any Class of First Lien
Obligations unless it has granted a Lien on such asset or property to secure each other Class of First Lien Obligations; provided, that to the extent the foregoing is not complied with for any reason, without limiting any other rights and
remedies available to the Secured Parties, each Secured Party agrees that any amounts received by or distributed to any of them pursuant to or as a result of Liens granted in contravention of this Section 6.01(d) shall be subject to Article II;
provided, further, that the foregoing shall not prohibit (i) any class of First Lien Obligations from being secured by Equity Interests (as defined in the Credit Agreement) that do not secure any other class of First Lien
Obligations due to the Rule 3-16 Exception (as defined in the Senior Secured Notes Collateral Agreement) or (ii) the granting of any Liens permitted by the terms of the Secured Credit Documents to any Person; 

  
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 SECTION 6.02. Refinancings. The First Lien Obligations of any Class may be Refinanced
(including, for the avoidance of doubt, any additional Indebtedness incurred to pay premiums (including tender premiums), defeasance costs, and accrued interest, fees and expenses in connection with such Refinancing), in whole or in part, in each
case, without notice to, or the consent of the Collateral Agent or Secured Party of any other Class, all without affecting the priorities provided for herein (including, without limitation, the priority in right of payment of the Priority Payment
Lien Obligations) or the other provisions hereof; provided, that if any obligations of the Grantors in respect of such Refinancing indebtedness shall be secured by Liens on any Shared Collateral, such obligations and the holders thereof shall
be subject to and bound by the provisions of this Agreement and, if not already, the collateral agent under such obligations shall become a party hereto by executing and delivering a Collateral Agent Joinder Agreement. 

SECTION 6.03. Reinstatement. If, in any Insolvency or Liquidation Proceeding or otherwise, all or part of any payment with respect
to the First Lien Obligations of any Class previously made shall be rescinded for any reason whatsoever (including an order or judgment for disgorgement of a preference or other avoidance action under the Bankruptcy Code, or any similar law), then
the terms and conditions of this Agreement shall be fully applicable thereto until all the First Lien Obligations of such Class shall again have been satisfied in full. 
 SECTION 6.04. Reorganization Modifications. In the event the First Lien Obligations of any Class are modified pursuant to applicable law, including Section 1129 of the Bankruptcy Code, any
reference to the First Lien Obligations of such Class or the Secured Credit Documents of such Class shall refer to such obligations or such documents as so modified. 
 SECTION 6.05. Further Assurances. Each of the Collateral Agents and the Grantors agrees that it will execute, or will cause to be executed, such reasonable further documents, agreements and
instruments, and take all such reasonable further actions, as may be required under any applicable law, or which any Collateral Agent may reasonably request, to effectuate the terms of this Agreement. 

ARTICLE VII 

No Reliance; No Liability 
 SECTION 7.01. No Reliance; Information. Each Collateral Agent, on behalf of its Related Secured Parties, acknowledges that (a) its Related Secured Parties have, independently and without
reliance upon any Collateral Agent or any Related Secured Parties, and based on such documents and information as they have deemed appropriate, made their own credit analysis and decision to enter into the Secured Credit Documents to which they are
party and (b) its Related Secured Parties will, independently and without reliance upon any Collateral Agent or any of its Related Secured Parties, and based on such documents and information as they shall from time to time deem appropriate,
continue to make their own credit decision in taking or not taking any action under this Agreement or any other Secured Credit Document. The Collateral Agent or Secured Parties of any Class shall have no duty to disclose to any Collateral Agent or
any Secured Party of any other Class any information relating to the Borrower or any of the Grantors or their Subsidiaries, or any other circumstance bearing upon 

  
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the risk of nonpayment of any of the First Lien Obligations, that is known or becomes known to any of them or any of their Affiliates. If the Collateral Agent or any Secured Party of any Class,
in its sole discretion, undertakes at any time or from time to time to provide any such information to, as the case may be, the Collateral Agent or any Secured Party of any other Class, it shall be under no obligation (i) to make, and shall not
be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (ii) to provide any additional information or to provide
any such information on any subsequent occasion or (iii) to undertake any investigation. 
 SECTION 7.02. No Warranties
or Liability. 
 (a) Each Collateral Agent, for itself and on behalf of its Related Secured Parties, acknowledges and agrees
that no Collateral Agent or Secured Party of any other Class has made any express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectability or enforceability of any of the
Secured Credit Documents, the ownership of any Shared Collateral or the perfection or priority of any Liens thereon. The Collateral Agent and the Secured Parties of any Class will be entitled to manage and supervise their loans and other extensions
of credit in the manner set forth in their Related Secured Credit Documents. No Collateral Agent shall, by reason of this Agreement, any other Security Document or any other document, have a fiduciary relationship or other implied duties in respect
of any other Collateral Agent or any other Secured Party. 
 (b) No Collateral Agent or Secured Parties of any Class shall have
any express or implied duty to the Collateral Agent or any Secured Party of any other Class to act or refrain from acting in a manner that allows, or results in, the occurrence or continuance of a default or an Event of Default under any Secured
Credit Document (other than, in each case, this Agreement), regardless of any knowledge thereof that they may have or be charged with. 
 SECTION 7.03. Rights of Notes Collateral Agent. 
 Notwithstanding anything
contained herein to the contrary, the Notes Collateral Agent shall be entitled to the same rights, protections, immunities and indemnities as set forth in the Senior Secured Notes Indenture as if the provisions setting forth those rights,
protections, immunities and indemnities are fully set forth herein. 
 ARTICLE VIII 

Additional First Lien Obligations 
 The Borrower may from time to time, subject to any limitations contained in any Secured Credit Documents in effect at such time, designate additional indebtedness and related obligations that are, or are
to be, secured by Liens on any assets of the Borrower or any of the Grantors that would, if such Liens were granted, constitute Shared Collateral as Additional First Lien Obligations by delivering to each Collateral Agent party hereto at such time a
certificate of an Authorized Officer of the Borrower: 

  
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 (a) describing the indebtedness and other obligations being designated as
Additional First Lien Obligations, and including a statement of the maximum aggregate outstanding principal amount of such indebtedness as of the date of such certificate; 

(b) setting forth the Additional First Lien Obligations Documents under which such Additional First Lien Obligations are
or will be issued or incurred or the Guarantees of or Liens securing such Additional First Lien Obligations are, or are to be, granted or created, and attaching copies of such Additional First Lien Obligations Documents as each Grantor has executed
and delivered to the Person that serves as the collateral agent, collateral trustee or a similar representative for the holders of such Additional First Lien Obligations (such Person being referred to as the “Additional Collateral
Agent”) with respect to such Additional First Lien Obligations on the closing date of such Additional First Lien Obligations, certified as being true and complete in all material respects by an Authorized Officer of the Borrower;

 (c) identifying the Person that serves as the Additional Collateral Agent; 

(d) certifying that the incurrence of such Additional First Lien Obligations, the creation of the Liens securing such
Additional First Lien Obligations and the designation of such Additional First Lien Obligations as “Additional First Lien Obligations” hereunder do not or will not violate or result in a default under any provision of any Secured Credit
Document of any Class in effect at such time; 
 (e) identifying such Additional First Lien Obligations as
either Priority Payment Lien Obligations or Pari Passu Lien Indebtedness in accordance with the applicable definitions thereof; 
 (f) certifying that the Additional First Lien Obligations Documents (A) meet the requirements of Section 6.01(b) and (B) authorize the Additional Collateral Agent to become a party hereto
by executing and delivering a Collateral Agent Joinder Agreement and provide that, upon such execution and delivery, such Additional First Lien Obligations and the holders thereof shall become subject to and bound by the provisions of this
Agreement; and 
 (g) attaching a fully completed Collateral Agent Joinder Agreement executed and delivered by
the Additional Collateral Agent. 
 Upon the delivery of such certificate and the related attachments as provided above and as so long as the
statements made therein are true and correct as of the date of such certificate, the obligations designated in such notice shall become Additional First Lien Obligations for all purposes of this Agreement. Notwithstanding anything herein contained
to the contrary, each Collateral Agent may conclusively rely on such certificate delivered by the Borrower, and upon its receipt of such certificate, each Collateral Agent shall execute the Collateral Agent Joinder Agreement evidencing its
acknowledgment thereof, and shall incur no liability to any Person for such execution. 

  
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 ARTICLE IX 
 Miscellaneous 
 SECTION 9.01. Notices. All notices and other
communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile, as follows: 

(a) if to any Grantor, to it (or, in the case of any Grantor other than the Borrower, to it in care of the Borrower) at:

 APX Group, Inc. 
 4931 North 300 West 
 Provo, UT 84604 

Facsimile: (801) 705-8087 
 Attention: Nathan Wilcox, Esq. 
 with a copy (which shall not
constitute notice) to: 
 Simpson Thacher & Bartlett LLP 

425 Lexington Avenue 
 New York, NY 10017-3954 
 Facsimile: (212) 455-2502

 Attention: Igor Fert and J. Alden Millard 

(b) if to the Credit Agreement Collateral Agent, to it at: 

Bank of America, N.A. 
 Attention: Don B. Pinzon 
 Agency Management 

Bank of America Merrill Lynch 
 Bank of America, N.A. 
 335 Madison Avenue,
4th Floor 

New York, New York 10017 
 Telephone: (646) 556-3280 

Facsimile: (212) 901-7843 

Electronic mail: don.b.pinzon@baml.com 

(c) if to the Notes Collateral Agent, to it at: 

Wilmington Trust, National Association 

Rodney Square North 
 1100 North Market Street 
 Wilmington, DE 19801 

Telecopier No.: (302) 636-4145 

Attention: Capital Markets and Agency Services 

  
 -22-

 (d) if to any Additional Collateral Agent, to it at the address set forth in
the applicable Collateral Agent Joinder Agreement. 
 Any party hereto may change its address or facsimile number for notices and other
communications hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt (if a
Business Day) and on the next Business Day thereafter (in all other cases) if delivered by hand or overnight courier service or sent by facsimile or on the date five Business Days after dispatch by certified or registered mail if mailed, in each
case delivered, sent or mailed (properly addressed) to such party as provided in this Section or in accordance with the latest unrevoked direction from such party given in accordance with this Section. As agreed to in writing by any party hereto
from time to time, notices and other communications to such party may also be delivered by e-mail to the e-mail address of a representative of such party provided from time to time by such party. 

SECTION 9.02. Waivers; Amendment; Joinder Agreements. 
 (a) No failure or delay on the part of any party hereto in exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power,
or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the parties hereto are cumulative and are not
exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any party therefrom shall in any event be effective unless the same shall be permitted by paragraph
(b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on any party hereto in any case shall entitle such party to any other or further
notice or demand in similar or other circumstances. 
 (b) Neither this Agreement nor any provision hereof may be waived,
amended or otherwise modified except as contemplated by the Secured Credit Documents and then pursuant to an agreement or agreements in writing entered into by each Collateral Agent then party hereto; provided that no such agreement shall by
its terms amend, modify or otherwise affect the rights or obligations of any Grantor without the Borrower’s prior written consent; provided, further that without any action or consent of any Collateral Agent (i) (A) this
Agreement may be supplemented by a Collateral Agent Joinder Agreement, and an Additional Collateral Agent may become a party hereto, in accordance with Article VII and (B) this Agreement may be supplemented by a Grantor Joinder Agreement,
and a Subsidiary may become a party hereto, in accordance with Section 9.12, and (ii) in connection with any Refinancing of First Lien Obligations of any Class, the Collateral Agents then party hereto shall enter (and are hereby authorized
to enter without the consent of any other Secured Party), at the request of any Collateral Agent or the Borrower, into such amendments or modifications of this Agreement as are reasonably necessary to reflect such Refinancing; provided that
such Collateral Agent shall not be required to enter into such amendments or modifications unless it shall have received a certificate of an Authorized Officer of the Borrower certifying that such Refinancing is permitted hereunder. 

  
 -23-

 SECTION 9.03. Parties in Interest. This Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns, as well as the other Secured Parties, all of whom are intended to be bound by, and to be third party beneficiaries of, this Agreement. No other Person shall have or be
entitled to assert rights or benefits hereunder. 
 SECTION 9.04. Effectiveness; Survival. This Agreement shall become
effective when executed and delivered by the parties hereto. All covenants, agreements, representations and warranties made by any party in this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the
execution and delivery of this Agreement. This Agreement shall continue in full force and effect notwithstanding the commencement of any Insolvency or Liquidation Proceeding against the Borrower or any of the Subsidiaries, and the parties hereto
acknowledge that this Agreement is intended to be and shall be enforceable as a “subordination” agreement under Bankruptcy Code Section 510(a). All references herein to any Grantor shall apply to any trustee for such Person and such
Person as a debtor-in-possession. 
 SECTION 9.05. Counterparts. This Agreement may be executed in counterparts, each of
which shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile or other electronic transmission shall be as effective as delivery of a
manually signed counterpart of this Agreement. 
 SECTION 9.06. Severability. Any provision of this Agreement held to be
invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining
provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or
unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 9.07. Governing Law; Jurisdiction; Consent to Service of Process. 

(a) This Agreement shall be construed in accordance with and governed by the law of the State of New York. 

(b) Each party hereto irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Supreme
Court of the State of New York sitting in the Borough of Manhattan, New York County and of the United States District Court of the Southern District of New York sitting in the Borough of Manhattan, and any appellate court from any thereof, in any
action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or
proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each party hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that any party hereto or any Secured Party may otherwise have to bring any action or proceeding relating to this Agreement
against any party hereto or its properties in the courts of any jurisdiction. 

  
 -24-

 (c) Each party hereto irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any court referred to in paragraph (b) of this Section.
Each party hereto irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d) Each party hereto irrevocably consents to service of process in the manner provided for notices in Section 9.01, such service to
be effective upon receipt. Nothing in this Agreement will affect the right of any party hereto or any Secured Party to serve process in any other manner permitted by law. 
 SECTION 9.08. WAIVER OF JURY TRIAL. EACH PARTY HERETO WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR
INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HERETO HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 SECTION 9.09. Headings. Article and Section headings used
herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

SECTION 9.10. Conflicts. In the event of any conflict or inconsistency between the provisions of this Agreement and the provisions
of any other Secured Credit Documents, the provisions of this Agreement shall control. 
 SECTION 9.11. Provisions Solely to
Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Secured Parties in relation to one another. Except as expressly provided in this Agreement, none of the
Borrower, any other Grantor, any other Subsidiary or any other creditor of any of the foregoing shall have any rights or obligations hereunder, and none of the Borrower, any other Grantor or any other Subsidiary may rely on the terms hereof. Nothing
in this Agreement is intended to or shall impair the obligations of the Borrower or any other Grantor, which are absolute and unconditional, to pay the First Lien Obligations as and when the same shall become due and payable in accordance with their
terms. For the avoidance of doubt, nothing contained herein shall be construed to constitute a waiver or an amendment of any covenant of the Borrower or any other Grantor contained in any Secured Credit Document, which restricts the incurrence of
any Indebtedness or the grant of any Lien. 

  
 -25-

 SECTION 9.12. Additional Grantors. In the event any Subsidiary shall have granted a
Lien on any of its assets to secure any First Lien Obligations, the Borrower shall cause such Subsidiary, if not already a party hereto, to become a party hereto as a “Grantor”. Upon the execution and delivery by any Subsidiary of a
Grantor Joinder Agreement, any such Subsidiary shall become a party hereto and a Grantor hereunder with the same force and effect as if originally named as such herein. The execution and delivery of any such instrument shall not require the consent
of any other party hereto. The rights and obligations of each party hereto shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement. 

SECTION 9.13. Specific Performance. Each Collateral Agent, on behalf of itself and its Related Secured Parties, may demand
specific performance of this Agreement. Each Collateral Agent, on behalf of itself and its Related Secured Parties, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar
the remedy of specific performance in any action which may be brought by the Secured Parties. 
 SECTION 9.14.
Integration. This Agreement, together with the other Secured Credit Documents, represents the agreement of each of the Grantors and the Secured Parties with respect to the subject matter hereof and there are no promises, undertakings,
representations or warranties by any Grantor, any Collateral Agent or any other Secured Party relative to the subject matter hereof not expressly set forth or referred to herein or in the other Secured Credit Documents. 

[SIGNATURE PAGE FOLLOWS] 

  
 -26-

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

			
	 BANK OF AMERICA, N.A.,
 as Credit Agreement Collateral Agent

		
	By:	 	 /s/ Sarang Gadkari

		 	 Name: Sarang Gadkari
		 	 Title: Managing Director

 
			
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,
 as Notes Collateral Agent

		
	By:	 	 /s/ Geoffrey J. Lewis

		 	 Name: Geoffrey J. Lewis

		 	 Title: Assistant Vice President

 
			
	313 GROUP INC.
		
	By:	 	 /s/ Andrea Serra

		 	 Name: Andrea Serra

		 	 Title: Vice President

 
			
	APX GROUP, INC.
		
	By:	 	 /s/ Patrick Kelliher

		 	 Name: Patrick Kelliher

		 	Title: Vice President of Finance and Corporate Controller

 
			
	APX GROUP HOLDINGS, INC.
		
	By:	 	 /s/ Patrick Kelliher

		 	 Name: Patrick Kelliher

		 	Title: Vice President of Finance and Corporate Controller

 
			
	VIVINT, INC.
		
	By:	 	 /s/ Patrick Kelliher

		 	Name: Patrick Kelliher
		 	Title: Vice President of Finance and Corporate Controller

 
			
	ARM SECURITY, INC.
		
	By:	 	 /s/ Patrick Kelliher

		 	Name: Patrick Kelliher
		 	Title: Vice President of Finance and Corporate Controller

 
			
	VIVINT PURCHASING, LLC
		
	By:	 	 /s/ Patrick Kelliher

		 	Name: Patrick Kelliher
		 	Title: Vice President of Finance and Corporate Controller

 
			
	AP AL LLC.
		
	By:	 	 /s/ Patrick Kelliher

		 	Name: Patrick Kelliher
		 	Title: Vice President of Finance and Corporate Controller

 
			
	2GIG TECHNOLOGIES, INC.
		
	By:	 	 /s/ Todd Santiago

		 	Name: Todd Santiago
		 	Title: President

 ANNEX I 
 SECURITY DOCUMENTS LEGEND 
 THIS [NAME OF SECURITY DOCUMENT] IS SUBJECT TO THE PROVISIONS OF
THE INTERCREDITOR AGREEMENT DATED AS OF NOVEMBER 16, 2012 (AS AMENDED, RESTATED, SUPPLEMENTED OR OTHERWISE MODIFIED FROM TIME TO TIME), AMONG 313 GROUP INC. WHICH SHALL BE MERGED WITH AND INTO APX GROUP, INC. AS THE SURVIVING ENTITY, THE GRANTORS
PARTY THERETO, BANK OF AMERICA, N.A., AS CREDIT AGREEMENT COLLATERAL AGENT, AND WILMINGTON TRUST, NATIONAL ASSOCIATION, AS NOTES COLLATERAL AGENT, AND EACH ADDITIONAL COLLATERAL AGENT FROM TIME TO TIME PARTY THERETO. 

  
 Annex I-1

 EXHIBIT I 
 [FORM OF] COLLATERAL AGENT JOINDER AGREEMENT NO. [                    ] dated as of
[                    ], 20[    ] (this “Joinder Agreement”) to the INTERCREDITOR AND COLLATERAL AGENCY AGREEMENT
dated as of November 16, 2012 (the “Intercreditor Agreement”), among 313 GROUP INC., a Delaware corporation which shall be merged with and into APX GROUP, INC., a Delaware corporation (the “Borrower”), the
GRANTORS party thereto, BANK OF AMERICA, N.A., as the Credit Agreement Collateral Agent, WILMINGTON TRUST, NATIONAL ASSOCIATION, as Notes Collateral Agent, and each ADDITIONAL COLLATERAL AGENT from time to time party thereto. 

A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the Intercreditor
Agreement. 
 B. The Borrower proposes to issue or incur Additional First Lien Obligations and the Person identified in the
signature pages hereto as the “Additional Collateral Agent” (the “Additional Collateral Agent”) will serve as the collateral agent, collateral trustee or a similar representative for the Additional Secured Parties. The
Additional First Lien Obligations are being designated as such by the Borrower in accordance with Article VII of the Intercreditor Agreement. 
 C. The Additional Collateral Agent wishes to become a party to the Intercreditor Agreement and to acquire and undertake, for itself and on behalf of the Additional Secured Parties, the rights and
obligations of an “Additional Collateral Agent” thereunder. The Additional Collateral Agent is entering into this Joinder Agreement in accordance with the provisions of the Intercreditor Agreement in order to become an Additional
Collateral Agent thereunder. 
 Accordingly, the Additional Collateral Agent and the Borrower agree as follows, for the benefit
of the Additional Collateral Agent, the Borrower and each other party to the Intercreditor Agreement: 
 SECTION 1. Accession
to the Intercreditor Agreement. The Additional Collateral Agent (a) hereby accedes and becomes a party to the Intercreditor Agreement as an Additional Collateral Agent for the Additional Secured Parties from time to time in respect of the
Additional First Lien Obligations, (b) agrees, for itself and on behalf of the Additional Secured Parties from time to time in respect of the Additional First Lien Obligations, to all the terms and provisions of the Intercreditor Agreement and
(c) shall have all the rights and obligations of an Additional Collateral Agent under the Intercreditor Agreement. 

SECTION 2. Counterparts. This Joinder Agreement may be executed in multiple counterparts, each of which shall constitute an
original, but all of which when taken together shall constitute a single contract. This Joinder Agreement shall become effective when each Collateral Agent shall have received a counterpart of this Joinder Agreement that bears the signature of the
Additional Collateral Agent. Delivery of an executed signature page to this Joinder Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually signed counterpart of this Joinder Agreement. 

  
 Ex. I-1

 SECTION 3. Benefit of Agreement. The agreements set forth herein or
undertaken pursuant hereto are for the benefit of, and may be enforced by, any party to the Intercreditor Agreement. 

SECTION 4. Governing Law. THIS JOINDER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK. 
 SECTION 5. Severability. In case any one or more of the provisions contained in this Joinder
Agreement should be held invalid, illegal or unenforceable in any respect, none of the parties hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity,
legality and enforceability of the remaining provisions contained herein and in the Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or
unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 6. Notices. All communications and notices hereunder shall be in writing and given as provided in Section 9.01 of the Intercreditor Agreement. All communications and notices hereunder
to the Additional Collateral Agent shall be given to it at the address set forth under its signature hereto, which information supplements Section 9.01 of the Intercreditor Agreement. 

SECTION 7. Expense Reimbursement. The Borrower agrees to reimburse each Collateral Agent for its reasonable and invoiced
out-of-pocket expenses in connection with this Joinder Agreement, including the reasonable and invoiced fees, other charges and disbursements of counsel for each Collateral Agent. 

  
 Ex. I-2

 IN WITNESS WHEREOF, the Additional Collateral Agent and the Borrower have duly executed this
Joinder Agreement to the Intercreditor Agreement as of the day and year first above written. 
  

					
	 [NAME OF ADDITIONAL COLLATERAL
 AGENT], as ADDITIONAL COLLATERAL
 AGENT for the ADDITIONAL SECURED

PARTIES

		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
	
	Address for notices:
	
	 
	
	 
		
	attention of:	 	 

 
					
		
	Telecopy:	 	 
	
	APX GROUP, INC.
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

  
 Ex. I-3

 Acknowledged by: 
 BANK OF AMERICA, N.A., 
 as Credit Agreement Collateral Agent 

 

			
	 By:
	 	 
		 	 Name:

		 	 Title:

 WILMINGTON TRUST, NATIONAL ASSOCIATION, 
 as Notes Collateral Agent 
  

			
	By:	 	 
		 	Name:
		 	Title:

 [EACH OTHER ADDITIONAL 
 COLLATERAL AGENT], as Additional 
 Collateral Agent 

 

			
	By:	 	 
	Name:
	Title:

  
 Ex. I-4

 EXHIBIT II 
 [FORM OF] GRANTOR JOINDER AGREEMENT NO. [                    ] dated as of
[                    ], 20[    ] (this “Grantor Joinder Agreement”) to the INTERCREDITOR AND COLLATERAL AGENCY
AGREEMENT dated as of November 16, 2012 (the “Intercreditor Agreement”), among 313 GROUP INC., a Delaware corporation which shall be merged with and into APX GROUP, INC., a Delaware corporation (the
“Borrower”), the GRANTORS party thereto, BANK OF AMERICA, N.A., as the Credit Agreement Collateral Agent, WILMINGTON TRUST, NATIONAL ASSOCIATION, as Notes Collateral Agent, each ADDITIONAL COLLATERAL AGENT from time to time party
thereto and [                    ], a
[                    ], as an additional GRANTOR. 
 A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the Intercreditor Agreement. 

B. [                    ], a
Subsidiary of the Borrower (the “Additional Grantor”), has granted a Lien on all or a portion of its assets to secure First Lien Obligations and such Additional Grantor is not a party to the Intercreditor Agreement. 

C. The Additional Grantor wishes to become a party to the Intercreditor Agreement and to acquire and undertake the rights and obligations
of a Grantor thereunder. The Additional Grantor is entering into this Grantor Joinder Agreement in accordance with the provisions of the Intercreditor Agreement in order to become a Grantor thereunder. 

Accordingly, the Additional Grantor agrees as follows, for the benefit of the Collateral Agents, the Borrower and each other party to the
Intercreditor Agreement: 
 SECTION 1. Accession to the Intercreditor Agreement. In accordance with Section 9.12 of
the Intercreditor Agreement, the Additional Grantor (a) hereby accedes and becomes a party to the Intercreditor Agreement as a Grantor with the same force and effect as if originally named therein as a Grantor, (b) agrees to all the terms
and provisions of the Intercreditor Agreement and (c) shall have all the rights and obligations of a Grantor under the Intercreditor Agreement. 
 SECTION 2. Representations, Warranties and Acknowledgement of the Additional Grantor. The Additional Grantor represents and warrants to each Collateral Agent and each Secured Party that this
Grantor Joinder Agreement has been duly authorized, executed and delivered by such Additional Grantor and constitutes the legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

SECTION 3. Counterparts. This Grantor Joinder Agreement may be executed in multiple counterparts, each of which shall constitute
an original, but all of which when taken together shall constitute a single contract. This Grantor Joinder Agreement shall become effective when each Collateral Agent shall have received a counterpart of this Grantor Joinder Agreement that bears the
signature of the Additional Grantor. Delivery of an executed signature page to this Grantor Joinder Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually signed counterpart of this Grantor Joinder
Agreement. 

  
 Ex. II-1

 SECTION 4. Benefit of Agreement. The agreements set forth herein or
undertaken pursuant hereto are for the benefit of, and may be enforced by, any party to the Intercreditor Agreement. 

SECTION 5. Governing Law. THIS GRANTOR JOINDER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. 
 SECTION 6. Severability. In case any one or more of the provisions contained in
this Grantor Joinder Agreement should be held invalid, illegal or unenforceable in any respect, none of the parties hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable,
but the validity, legality and enforceability of the remaining provisions contained herein and in the Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the
invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 7. Notices. All communications and notices hereunder shall be in writing and given as provided in Section 9.01 of the
Intercreditor Agreement. 
 SECTION 8. Expense Reimbursement. The Additional Grantor agrees to reimburse each Collateral
Agent for its reasonable and invoiced out-of-pocket expenses in connection with this Grantor Joinder Agreement, including the reasonable and invoiced fees, other charges and disbursements of counsel for each Collateral Agent. 

  
 Ex. II-2

 IN WITNESS WHEREOF, the Additional Grantor has duly executed this Grantor Joinder Agreement
to the Intercreditor Agreement as of the day and year first above written. 
  

			
	 [NAME OF SUBSIDIARY]

		
	By:	 	 
		 	Name:
		 	Title:

  
 Ex. II-3

 Acknowledged by: 
 BANK OF AMERICA, N.A., 
 as Credit Agreement Collateral Agent 

 

			
	 By:
	 	 
		 	 Name:

		 	 Title:

WILMINGTON TRUST, NATIONAL ASSOCIATION, 

as Notes Collateral Agent 
  

			
	By:	 	 
		 	Name:
		 	Title:

 [EACH OTHER ADDITIONAL 
 COLLATERAL AGENT], as Additional

 Collateral Agent 
  

			
	 By:
	 	 
		 	 Name:

		 	 Title:

  
 Ex. II-4

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