Document:

EX-10.2

 Exhibit 10.2 

 
  
 ABL/BOND INTERCREDITOR AGREEMENT 
 dated as of May 29, 2013, 

among 
 SUNTRUST
BANK, 
 as ABL Agent, 
 WILMINGTON TRUST, NATIONAL ASSOCIATION 
 as Notes Collateral Agent, 

Each ADDITIONAL PARI NOTES DEBT AGENT from time to time party hereto, 

BUILDERS FIRSTSOURCE, INC., 
 as Parent Borrower, 
 and 

the other GRANTORS 

from time to time party hereto 
  

 
  

 CONTENTS 

 

							
	 	    	 	  	Page	 
		
	 ARTICLE I DEFINITIONS
	  	 	1	  
			
	 SECTION 1.01.
	    	Construction; Certain Defined Terms	  	 	1	  
		
	 ARTICLE II SUBORDINATION OF JUNIOR LIENS; CERTAIN AGREEMENTS
	  	 	14	  
			
	 SECTION 2.01.
	    	Subordination of Junior Liens	  	 	14	  
	 SECTION 2.02.
	    	No Action With Respect to Junior Secured Obligations Collateral Subject to Senior Liens	  	 	15	  
	 SECTION 2.03.
	    	No Duties of Senior Representative	  	 	16	  
	 SECTION 2.04.
	    	No Interference; Payment Over; Reinstatement	  	 	17	  
	 SECTION 2.05.
	    	Release of Liens; Automatic Release of Junior Liens	  	 	18	  
	 SECTION 2.06.
	    	Certain Agreements With Respect to Insolvency or, Liquidation Proceedings	  	 	19	  
	 SECTION 2.07.
	    	Reinstatement	  	 	23	  
	 SECTION 2.08.
	    	Entry Upon Premises by the ABL Agent and the ABL Secured Parties; Intellectual Property License	  	 	23	  
	 SECTION 2.09.
	    	Insurance	  	 	25	  
	 SECTION 2.10.
	    	Refinancing and Additional Secured Debt	  	 	26	  
	 SECTION 2.11.
	    	Modification; No Interference	  	 	27	  
	 SECTION 2.12.
	    	Legends	  	 	28	  
	 SECTION 2.13.
	    	Junior Secured Obligations Secured Parties Rights as Unsecured Creditors	  	 	28	  
	 SECTION 2.14.
	    	No New Liens	  	 	28	  
	 SECTION 2.15.
	    	Set-Off and Tracing of and Priorities in Proceeds	  	 	29	  
		
	ARTICLE III GRATUITOUS BAILMENT FOR PERFECTION OF CERTAIN SECURITY INTERESTS; RIGHTS UNDER PERMITS AND LICENSES	  	 	29	  
			
	 SECTION 3.01.
	    	General	  	 	29	  
	 SECTION 3.02.
	    	Deposit Accounts	  	 	30	  
	 SECTION 3.03.
	    	Rights under Permits and Licenses	  	 	31	  
		
	 ARTICLE IV EXISTENCE AND AMOUNTS OF LIENS AND OBLIGATIONS
	  	 	32	  
		
	 ARTICLE V CONSENT OF GRANTORS
	  	 	32	  
		
	 ARTICLE VI REPRESENTATIONS AND WARRANTIES
	  	 	32	  
			
	 SECTION 6.01.
	    	Representations and Warranties of Each Party	  	 	32	  
	 SECTION 6.02.
	    	Representations and Warranties of Each Representative	  	 	33	  
		
	 ARTICLE VII MISCELLANEOUS
	  	 	33	  
			
	 SECTION 7.01.
	    	Notices	  	 	33	  
	 SECTION 7.02.
	    	Waivers; Amendment	  	 	34	  
	 SECTION 7.03.
	    	Parties in Interest	  	 	34	  
	 SECTION 7.04.
	    	Survival of Agreement	  	 	34	  

							
	 SECTION 7.05.
	    	Counterparts	  	 	34	  
	 SECTION 7.06.
	    	Severability	  	 	35	  
	 SECTION 7.07.
	    	Governing Law; Jurisdiction; Consent to Service of Process	  	 	35	  
	 SECTION 7.08.
	    	WAIVER OF JURY TRIAL	  	 	35	  
	 SECTION 7.09.
	    	Headings	  	 	36	  
	 SECTION 7.10.
	    	Conflicts	  	 	36	  
	 SECTION 7.11.
	    	Provisions Solely to Define Relative Rights	  	 	36	  
	 SECTION 7.12.
	    	Certain Terms Concerning the ABL Agent and each Pari Notes Debt Agent; Force Majeure	  	 	36	  
			
	 Exhibits:
	    		  			
			
	EXHIBIT A	    	Form of Grantor Intercreditor Agreement Joinder	  			
	EXHIBIT B	    	Form of Lien Sharing and Priority Confirmation Joinder	  			
			
	 Schedules:
	    		  			
			
	SCHEDULE 1	    	Security Documents	  			

  
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 This ABL/BOND INTERCREDITOR AGREEMENT, dated as of May 29, 2013 (as amended,
supplemented or otherwise modified from time to time in accordance with the terms hereof, this “Agreement”), is entered into by and among SUNTRUST BANK, as agent for the ABL Secured Parties referred to herein (in such capacity, and
together with its successors in such capacity, the “Original ABL Agent”), WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, as collateral agent for the Notes Secured Parties (the “Original Notes
Collateral Agent”), BUILDERS FIRSTSOURCE, INC., a Delaware corporation (the “Parent Borrower”) and each of the Subsidiaries of the Parent Borrower listed on the signature pages hereto (the “Subsidiary
Grantors” and together with the Parent Borrower, the “Grantors”). 
 Reference is made to (a) the
ABL Credit Agreement (such term and each other capitalized term used and not otherwise defined herein having the meaning assigned to it in Article I) and (b) the Indenture. 

In consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the ABL Agent (for itself and on behalf of the ABL Secured Parties), the Notes Collateral Agent (for itself and on behalf of the Notes Secured Parties) and each Additional Pari Notes Debt Agent (on behalf of the
Additional Pari Notes Debt Secured Parties of the applicable Series), if any, and the Grantors agree as follows: 

ARTICLE I 
 Definitions 
 SECTION 1.01. Construction; Certain Defined Terms.

 (a) 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, (i) any definition of or reference to any agreement, instrument, other
document, statute or regulation herein or in any Annex, Schedule or Exhibit of this Agreement shall be construed as referring to such agreement, instrument, other document, statute or regulation as from time to time amended, restated, amended and
restated, renewed, extended, supplemented or otherwise modified from time to time, (ii) 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, (iii) 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, (iv) all references herein to Articles, Sections, Schedules, Exhibits and Annexes shall be construed to refer to Articles, Sections and Annexes of this Agreement, (v) unless otherwise
expressly qualified herein, 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 and (vi) the term “or” is not exclusive. 
 (b) All terms used in this Agreement that are
defined in Article 1, 8 or 9 of the New York UCC (whether capitalized herein or not) and not otherwise defined herein have the meanings assigned to them in Article 1, 8 or 9 of the New York UCC. If a term is defined in Article 9 of the New York UCC
and another Article of the UCC, such term shall have the meaning assigned to it in Article 9 of the New York UCC. 

 (c) As used in this Agreement, the following terms have the meanings specified below:

 “ABL Agent” means the Original ABL Agent, and, from and after the date of execution and delivery of an ABL
Substitute Facility or any Additional ABL Facility, the agent, collateral agent, trustee or other representative of the lenders or holders of the ABL Debt Obligations evidenced thereunder or governed thereby, in each case, together with its
successors in such capacity. 
 “ABL Credit Agreement” means the credit agreement, dated as of the date hereof,
among each Borrower named therein, the ABL Agent, the lenders party thereto from time to time and the other agents named therein, and any credit agreement, loan agreement, note agreement, promissory note, indenture or any other agreement or
instrument evidencing or governing the terms of any ABL Substitute Facility, in each case (as the same may be amended, amended and restated, supplemented or otherwise modified from time to time in each case, to the extent not prohibited by the terms
hereof). 
 “ABL Debt Documents” means the ABL Credit Agreement, the ABL Security Documents, the other
“Loan Documents” (as defined in the ABL Credit Agreement) and all other loan documents, notes, guarantees, instruments and agreements governing or evidencing, or executed or delivered in connection with, any ABL Substitute Facility or any
Additional ABL Facility, as applicable. 
 “ABL Debt Obligations” means the “Obligations” as defined
in the ABL Credit Agreement (or any similar term of any ABL Substitute Facility or any Additional ABL Facility, as applicable) or any supplement thereto or refinancing thereof. ABL Debt Obligations shall expressly include (i) any unpaid
principal, interest, penalties, fees, expenses, guarantee obligations, indemnifications, reimbursements, costs, damages and other liabilities, including all interest, fees and expenses incurred upon an Event of Default or accruing after the date of
any filing by or against any Grantor of any petition or complaint initiating any Insolvency or Liquidation Proceeding, regardless of whether any ABL Secured Party’s claim therefor is (a) enforceable, allowable or allowed as a claim in the
Insolvency or Liquidation Proceeding commenced by the filing of such petition or complaint, or (b) enforceable, allowable or allowed as a claim under the ABL Credit Agreement or any related loan documentation or applicable law, (ii) any
Cash Management Obligations and (iii) any Designated Hedge Obligations as defined in the ABL Credit Agreement (or any similar term of any ABL Substitute Facility or any Additional ABL Facility, as applicable), in each case regardless of whether
such obligation is direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred. 

“ABL Facility Collateral” means all assets and properties subject to Liens created by the ABL Security Documents to
secure the ABL Debt Obligations. 
 “ABL First Lien Collateral” means all present and future right, title and
interest of the Grantors in and to the following types of ABL Facility Collateral, whether now owned or hereafter acquired, existing or arising, and wherever located: 

(a) (i) accounts (including credit card receivables) and (ii) all other rights to payment arising from services
rendered or from the sale, lease, use or other disposition of inventory, whether such rights to payment constitute payment intangibles, letter-of-credit rights or any other classification of property, or are evidenced in whole or in part by
instruments, chattel paper or documents; 
 (b) inventory and documents relating to inventory; 

  
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 (c) all rights of an unpaid vendor with respect to inventory; 

(d) deposit accounts (other than separately maintained insurance deposit accounts), commodity accounts, securities
accounts and lockboxes, including all money and certificated securities, uncertificated securities (other than Capital Stock of Parent Borrower and the other Guarantors), securities entitlements and related investment property (including all cash,
marketable securities and other funds held in or on deposit in any deposit account, commodity account or securities account), and all cash and cash equivalents, including cash and cash equivalents securing reimbursement obligations in respect of
letters of credit or other ABL Obligations; 
 (e) instruments, chattel paper and general intangibles pertaining
to the other items of property included within clauses (a), (b), (c), (d), (f) and (g) of this definition (other than any Capital Stock of Parent Borrower and the other Guarantors and Intellectual
Property); 
 (f) books and records, supporting obligations, documents and related letters of credit,
letter-of-credit rights, commercial tort claims or other claims and causes of action, in each case, to the extent arising out of, related to or given in exchange or settlement of any of the foregoing; and 

(g) all substitutions, replacements, accessions, products and proceeds (including, without limitation, insurance proceeds,
licenses, royalties, income, payments, claims, damages and proceeds of suit) of all or any of the foregoing; 
 provided that, subject to
clauses (c) and (d) of Section 3.02 hereof, in no case shall ABL First Lien Collateral include any identifiable cash proceeds from a sale, lease, conveyance or other disposition of any Notes First Lien Collateral
that has been deposited in the Collateral Proceeds Account in accordance with the terms of the Pari Notes Debt Documents, until such time as such cash proceeds are released therefrom in accordance with the terms of the Pari Notes Debt Documents.

 “ABL Lender” means a “Lender” under (and as defined in) the ABL Credit Agreement (or under any ABL
Substitute Facility or any Additional ABL Facility, as applicable, or any other similar term used in any ABL Substitute Facility or any Additional ABL Facility, as applicable). 

“ABL Liens” means Liens on the ABL Facility Collateral created under the ABL Security Documents to secure the ABL Debt
Obligations (including Liens on such Collateral under the security documents associated with any ABL Substitute Facility or any Additional ABL Facility, as applicable). 
 “ABL Secured Parties” means, at any time, the “Secured Creditors” as defined in the ABL Security Documents (or any similar term of any ABL Substitute Facility or any Additional
ABL Facility, as applicable). 
 “ABL Security Documents” means each agreement listed in part A of
Schedule 1 hereto, and any other security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, control agreements, guarantees, notes or any other documents or instruments now existing or entered into after the
date hereof that create, perfect or otherwise relate to Liens on any assets or properties of any Grantor to secure any ABL Debt Obligations (including any such agreements, assignments, mortgages, deeds of trust and other documents or instruments
associated with any ABL Substitute Facility or any Additional ABL Facility, as applicable). 

  
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 “ABL Substitute Facility” means any facility with respect to which the
requirements contained in Section 2.10(a) of this Agreement have been satisfied and the proceeds or commitments of which are used, among other things, to Replace the ABL Credit Agreement then in existence. For the avoidance of doubt, no
ABL Substitute Facility shall be required to be a revolving or asset-based loan facility and may be a facility evidenced or governed by a credit agreement, loan agreement, note agreement, promissory note, indenture or any other agreement or
instrument; provided that any ABL Lien securing such ABL Substitute Facility shall be subject to the terms of this Agreement for all purposes (including the lien priorities as set forth herein as of the date hereof). 

“Account Agreement” means any lockbox account agreement, pledged account agreement, blocked account agreement, deposit
account control agreement, securities account control agreement, or any similar deposit or securities account agreements among any Pari Notes Debt Agent and/or the ABL Agent, one or more Grantors and the relevant financial institution depository or
securities intermediary. 
 “Additional ABL Facility” means one or more debt facilities, commercial paper
facilities or indentures for which the requirements of Section 2.10(b) of this Agreement have been satisfied, in each case with banks, other lenders or trustees, providing for term loans, revolving credit loans, Notes, letters of credit,
notes or other borrowings, in each case, as amended, restated, modified, renewed, refunded, restated, restructured, increased, supplemented, replaced or refinanced in whole or in part from time to time in accordance with each applicable Secured
Document; provided that any ABL Lien securing such Additional ABL Facility shall be subject to the terms of this Agreement for all purposes (including the lien priorities as set forth herein as of the date hereof). 

“Additional Pari Notes Debt” means any secured debt ranking equal in right of security with the Notes Debt issued
pursuant to an Additional Pari Notes Debt Facility and permitted under the ABL Credit Agreement and the Indenture. 

“Additional Pari Notes Debt Agent” means, with respect to any Series of Additional Pari Notes Debt Obligations, the
person or entity that, pursuant to the Additional Pari Notes Debt Documents relating to such Additional Pari Notes Debt Obligations, holds Liens on the Collateral on behalf of the Additional Pari Notes Debt Secured Parties thereunder. 

“Additional Pari Notes Debt Collateral” means, with respect to any Series of Additional Pari Notes Debt Obligations, all
assets and properties subject to Liens created by the Additional Pari Notes Debt Security Documents to secure such Additional Pari Notes Debt Obligations. 
 “Additional Pari Notes Debt Documents” means each Additional Pari Notes Debt Facility and the Additional Pari Notes Debt Security Documents. 

“Additional Pari Notes Debt Facility” means one or more debt facilities, commercial paper facilities or indentures for
which the requirements of Section 2.10(b) of this Agreement have been satisfied, in each case with banks, other lenders or trustees, providing for revolving credit loans, term loans, Notes, letters of credit, notes or other borrowings,
in each case, as amended, restated, modified, renewed, refunded, restated, restructured, increased, supplemented, replaced or refinanced in whole or in part from time to time in accordance with each applicable Secured Document; provided that
neither the ABL Credit Agreement nor the Indenture shall constitute an Additional Pari Notes Debt Facility at any time. 

  
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 “Additional Pari Notes Debt Lien” means a Lien granted pursuant to any
Additional Pari Notes Debt Security Document to an Additional Pari Notes Debt Agent or Additional Pari Notes Debt Secured Party at any time upon any property of any Grantor that is Collateral to secure a Series of Additional Pari Notes Debt
Obligations. 
 “Additional Pari Notes Debt Obligations” means, with respect to any Grantor, any obligations of
such Grantor owed to any Additional Pari Notes Debt Secured Party under the Additional Pari Notes Debt Documents. 

“Additional Pari Notes Debt Secured Parties” means, with respect to any Series of Additional Pari Notes Debt
Obligations, at any time, the Additional Pari Notes Debt Agent and the other holders from time to time of Additional Pari Notes Debt Obligations of such Series. 
 “Additional Pari Notes Debt Security Documents” means the Additional Pari Notes Debt Facility (insofar as the same grants a Lien on any collateral) and all collateral trust agreements,
security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, control agreements, guarantees, notes and any other documents or instruments now existing or entered into after the date hereof that create Liens on any
assets or properties of any Grantor to secure any Additional Pari Notes Debt Obligations of the Grantors owed thereunder to any Additional Pari Notes Debt Secured Parties. 
 “Agreement” has the meaning assigned to that term in the preamble hereto. 
 “Bankruptcy Code” means, Title 11 of the United States Code entitled “Bankruptcy,” as now or hereafter in effect, or any successor thereto, as hereafter amended. 

“Bankruptcy Law” means the Bankruptcy Code and any other liquidation, conservatorship, bankruptcy, assignment for the
benefit of creditors, moratorium, rearrangement, receivership, insolvency, suspension of payments, reorganization or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect and affecting the
rights of creditors generally. 
 “Business Day” means any day that is not a Saturday, Sunday or other day on
which commercial banks in New York, New York, Wilmington, Delaware or Atlanta, Georgia are authorized or required by law to remain closed. 
 “Capital Stock” means, with respect to any Person, any and all shares, interests, participations or other equivalents, including membership interests (however designated, whether voting
or non-voting) of equity of such Person, including, if such Person is a partnership, partnership interests (whether general or limited) or any other interest or participation that confers on a Person the right to receive a share of the profits and
losses of, or distributions of assets of, such partnership, but in no event will Capital Stock include any debt securities convertible or exchangeable into equity unless and until actually converted or exchanged. 

“Cash Management Agreement” has the meaning assigned to that term in the ABL Credit Agreement (or any similar term of
any ABL Substitute Facility or any Additional ABL Facility, as applicable). 

  
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 “Cash Management Bank” has the meaning assigned to that term in the ABL
Credit Agreement (or any similar term of any ABL Substitute Facility or any Additional ABL Facility, as applicable). 

“Cash Management Obligations” means Obligations owing to any Cash Management Bank with respect to any Cash Management
Agreement. 
 “Closing Date” means the date first written above. 

“Collateral” means all of the assets and property of any Grantor, whether real, personal or mixed, constituting the ABL
Facility Collateral and the Pari Notes Debt Collateral. 
 “Collateral Proceeds Account” means one or more
deposit accounts or securities accounts established or maintained by any Grantor or a Pari Notes Debt Agent or its agent for the sole purpose of holding the proceeds of any sale or other disposition of any Notes First Lien Collateral that are
required to be held in trust in such account or accounts pursuant to the terms of any Pari Notes Debt Document. 

“Controlling ABL Agent” means the ABL Agent in respect of the ABL Credit Agreement or, to the extent the ABL Credit
Agreement is no longer in effect, any ABL Substitute Facility or, to the extent neither the ABL Credit Agreement nor any ABL Substitute Facility is outstanding, the ABL Agent in respect of any Additional ABL Facility. 

“Controlling Notes Debt Agent” means (i) for so long as there is only one Series of Pari Notes Debt, the Pari Notes
Debt Agent for such Series and (ii) at any time when there is more than one Series of Pari Notes Debt, the “Applicable Collateral Agent,” as such term is defined in the Pari Passu Intercreditor Agreement (as such term is defined in
the Indenture). 
 “Copyrights” means, with respect to any Person, all of such Person’s right, title, and
interest in and to the following: (a) all copyrights, rights and interests in copyrights, works protectable by copyright, copyright registrations, and copyright applications; (b) all renewals of any of the foregoing; (c) all income,
royalties, damages, and payments now or hereafter due and/or payable under any of the foregoing, including, without limitation, damages or payments for past or future infringements for any of the foregoing; (d) the right to sue for past,
present, and future infringements of any of the foregoing; and (e) all rights corresponding to any of the foregoing throughout the world. 
 “Deposit Accounts” has the meaning assigned to that term in Section 3.02(a). 
 “DIP Financing” has the meaning assigned to that term in Section 2.06(b). 
 “DIP Financing Liens” has the meaning assigned to that term in Section 2.06(b). 
 “DIP Lenders” has the meaning assigned to that term in Section 2.06(b). 
 “Discharge of Senior Secured Debt Obligations” means, with respect to any particular Senior Secured Obligations, the occurrence of all of the following: 

(a) termination or expiration of all commitments to extend credit (other than Banking Services Obligations and Secured ABL
Swap Obligations or similar Senior Secured Obligations) that would constitute such Senior Secured Obligations; 

  
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 (b) payment in full in cash of the principal of, interest and premium (if
any) on, fees and other charges comprising such Senior Secured Obligations (other than any undrawn letters of credit) (including, in any event, all such interest, fees and other charges allowable under applicable law); 

(c) discharge or cash collateralization (at the lower of (i) 103 % of the aggregate undrawn
amount, and (ii) the percentage of the aggregate undrawn amount required for release of Liens under the terms of the applicable Senior Documents) of all outstanding letters of credit constituting such Senior Secured Obligations; and 

(d) payment in full in cash of all other such Senior Secured Obligations that are outstanding and unpaid at the time the
principal of and interest and premium on all such Senior Secured Obligations are paid in full in cash (other than any obligations for taxes, costs, indemnification, reimbursements, damages and other liabilities in respect of which no claim or demand
for payment has been made at such time); provided that the Discharge of Senior Secured Debt Obligations shall not be deemed to have occurred in connection with a Replacement as contemplated by Section 2.10(a). 

“Enforcement Notice” means a written notice delivered, at a time when an Event of Default has occurred and is
continuing, by either the ABL Agent or any Pari Notes Debt Agent to the other specifying the relevant Event of Default. 

“Event of Default” means an “Event of Default” under and as defined in the ABL Credit Agreement, the Indenture
or any Additional Pari Notes Debt Document, as the context may require. 
 “Grantor” means the
“Grantors” as defined in the preamble hereto and each other direct or indirect Subsidiary of the Parent Borrower that shall have granted any Lien in favor of the ABL Agent or any Pari Notes Debt Agent on any of its assets or properties to
secure both (i) the ABL Debt Obligations and (ii) any Pari Notes Debt Obligations. 
 “Indenture”
means the Indenture, dated as of the date hereof, among the Grantor and Wilmington Trust, National Association as Trustee and the Notes Collateral Agent, and any credit agreement, loan agreement, note agreement, promissory note, indenture or any
other agreement or instrument evidencing or governing the terms of any Notes Substitute Facility, in each case (as the same may be amended, amended and restated, supplemented or otherwise modified from time to time in each case, to the extent not
prohibited by the terms hereof). 
 “Insolvency or Liquidation Proceeding” means: 

(a) any case commenced by or, against any Grantor under the Bankruptcy Code, any other proceeding for the reorganization,
recapitalization or adjustment or marshaling of the assets or liabilities of any Grantor, any receivership or assignment for the benefit of creditors relating to any Grantor or any similar case or proceeding relative to any Grantor or its creditors,
as such, in each case whether or not voluntary; 
 (b) any liquidation, dissolution, marshaling of assets or
liabilities or other winding up of or relating to any Grantor, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency, in each case to the extent not permitted under the Senior Documents; 

  
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 (c) any proceeding seeking the appointment of any trustee, receiver,
liquidator, custodian or other insolvency official with similar powers with respect to any Grantor or any of its assets; or 
 (d) any other proceeding of any type or nature in which substantially all claims of creditors of any Grantor are determined and any payment or distribution is or may be made on account of such claims.

 “Intellectual Property” means, with respect to Person, all intellectual and similar property of every kind
and nature now owned or hereafter acquired by such Person, including Patents, Copyrights, Trademarks and all related documentation and registrations and all additions, improvements or accessions to any of the foregoing. 

“Intercreditor Agreement Joinder” means an agreement substantially in the form of Exhibit A. 

“Intercreditor Borrowing Base” means, as of any date, an amount equal to the sum of (1) 85% of the aggregate book
value of all accounts receivable of the Parent Borrower and its restricted subsidiaries; (2) 70% of the aggregate book value of all inventory owned by the Parent Borrower and its restricted subsidiaries; and (3) $30,000,000, all calculated
on a consolidated basis in accordance with GAAP. 
 “Junior Documents” means (a) in respect of the Notes
First Lien Collateral, the ABL Debt Documents and (b) in respect of the ABL First Lien Collateral, the Pari Notes Debt Documents. 
 “Junior Liens” means (a) in respect of the ABL First Lien Collateral, the Pari Notes Debt Liens on such Collateral, and (b) in respect of the Notes First Lien Collateral, the
ABL Liens on such Collateral. 
 “Junior Representative” means (a) with respect to the Notes First Lien
Collateral, the ABL Agent and (b) with respect to the ABL First Lien Collateral, each Pari Notes Debt Agent. 

“Junior Secured Obligations” means (a) with respect to the Pari Notes Debt Obligations (to the extent such
Obligations are secured, or intended to be secured, by the Notes First Lien Collateral), the ABL Debt Obligations and (b) with respect to ABL Debt Obligations (to the extent such Obligations are secured, or intended to be secured, by the ABL
First Lien Collateral), the Pari Notes Debt Obligations. 
 “Junior Secured Obligations Collateral” means the
Collateral in respect of which any Junior Representative (on behalf of itself and the applicable Junior Secured Obligations Secured Parties) holds a Junior Lien. 
 “Junior Secured Obligations Secured Parties” means (a) with respect to the Notes First Lien Collateral, the ABL Secured Parties and (b) with respect to the ABL First Lien
Collateral, the Pari Notes Debt Secured Parties. 
 “Junior Secured Obligations Security Documents” means
(a) with respect to the ABL First Lien Collateral, the Pari Notes Debt Security Documents, and (b) with respect to the Notes First Lien Collateral, the ABL Security Documents. 

“Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance,
charge, trust (deemed or statutory) or security interest in, on or of such 

  
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asset, whether or not filed, recorded or otherwise perfected under applicable law, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title
retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with
respect to such securities; provided that in no event shall an operating lease be deemed to be a Lien. 
 “Lien
Sharing and Priority Confirmation Joinder” means an agreement substantially in the form of Exhibit B. 

“Maximum ABL Facility Amount” means the greatest of (i) a principal amount of $175,0000,000, (ii) an amount
equal to the Intercreditor Borrowing Base at the time the applicable ABL Debt Obligations were incurred and (iii) an amount equal to the aggregate principal amount of all Qualifying ABL Debt. 

“Maximum Note Amount” shall mean the greater of (i) a principal amount of $350,000,000 and (ii) an amount
equal to the aggregate principal amount of all Qualifying Notes Debt. 
 “New York UCC” means the Uniform
Commercial Code as from time to time in effect in the State of New York. 
 “Notes Collateral” means all assets
and properties subject to Liens created by the Pari Notes Debt Security Documents to secure the Pari Notes Debt Obligations. 

“Notes Collateral Agent” means the Original Notes Collateral Agent, and, from and after the date of execution and
delivery of a Notes Substitute Facility, the agent, collateral agent, trustee or other representative of the lenders or other holders of the indebtedness and other obligations evidence thereunder or governed thereby, in each case, together with its
successors in such capacity. 
 “Notes Debt” means all “Obligations” as defined in the Indenture (or
any similar term of any Notes Substitute Facility). Notes Debt shall expressly include any principal, interest, penalties, fees, expenses, indemnifications, reimbursements, damages and other liabilities, including all interest, fees and expenses
incurred upon an Event of Default or accruing after the date of any filing by or against any Grantor of any petition or complaint initiating any Insolvency or Liquidation Proceeding, regardless of whether any Notes Secured Party’s claim is
(a) enforceable, allowable or allowed as a claim in the Insolvency or Liquidation Proceeding commenced by the filing of such petition or complaint, or (b) enforceable, allowable or allowed as a claim under the Indenture or applicable law.

 “Notes Documents” means the Indenture, the Notes Security Documents and all other loan documents, notes,
guarantees, instruments and agreements governing or evidencing any Notes Substitute Facility. 
 “Notes First Lien
Collateral” means all present and future right, title and interest of the Grantors in the Notes Collateral other than ABL First Lien Collateral, whether now owned or hereafter acquired, existing or arising, and wherever located, including,
without limitation, to the extent constituting Notes Collateral: 
 (a) Capital Stock of Subsidiaries held by the
Grantors; 
 (b) equipment; 

  
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 (c) Real Estate Assets; 

(d) Intellectual Property; 
 (e) all general intangibles and investment property that do not constitute ABL First Lien Collateral; 
 (f) documents of title related to equipment; 
 (g) books and
records, supporting obligations and related letters of credit, commercial tort claims or other claims and causes of action, in each case, to the extent related primarily to the foregoing; and 

(h) substitutions, replacements, accessions, products and proceeds (including, without limitation, insurance proceeds,
licenses, royalties, income, payments, claims, damages and proceeds of suit) of any or all of the foregoing. 
 “Notes
Holder” means a “Holder” under (and as defined in) the Indenture (or any similar term under any Notes Substitute Facility). 
 “Notes Lien” means a Lien granted by the Notes Security Documents to the Notes Collateral Agent at any time upon any property of any other Grantor to secure Notes Debt. 

“Notes Security Documents” means each agreement listed in Part B of Schedule 1 hereto and any other
security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, control agreements, guarantees, notes or any other documents or instruments now existing or entered into after the date hereof that create, perfect or
otherwise relate to Liens on any assets or properties of any Grantor or any of its Subsidiaries to secure any Notes Debt (including any such agreements, assignments, mortgages, deeds of trust and other documents or instruments associated with any
Notes Substitute Facility). 
 “Notes Secured Parties” means, at any time, the “Secured Parties” as
defined in the Notes Security Documents (or any similar term of any Notes Substitute Facility). 
 “Notes Substitute
Facility” means any facility with respect to which the requirements contained in Section 2.10(a) of this Agreement have been satisfied, the proceeds of which are used to, among other things, Replace the Indenture. For the
avoidance of doubt, no Notes Substitute Facility shall be required to be evidenced by notes or other instruments and may be a facility evidenced or governed by a credit agreement, loan agreement, note agreement, promissory note, indenture or any
other agreement or instrument; provided that any such Notes Substitute Facility shall be subject to the terms of this Agreement for all purposes (including the lien priority as set forth herein as of the date hereof) as the other Liens
securing the Notes Debt are subject to under this Agreement. 
 “Obligations” means, with respect to any
Secured Parties, any principal, interest, penalties, fees, expenses, indemnifications, reimbursements, damages and other liabilities, including all interest, fees and expenses incurred upon an Event of Default or accruing after the commencement of
any Insolvency or Liquidation Proceeding, regardless of whether any Secured Party’s claim is (a) enforceable, allowable or allowed as a claim in the Insolvency or Liquidation Proceeding commenced by the filing of such petition or
complaint, or (b) enforceable, allowable or allowed as a claim under the Secured Documents or applicable law, even if such interest, fees and expenses are not enforceable, allowable or allowed as a claim in such proceeding under the Secured
Documents of such Secured Party. 

  
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 “Officer” means the chief executive officer, any senior vice president, the
chief operating officer, chief accounting officer or any chief financial officer, controller, or secretary of such Person and any other officer or similar official thereof responsible for the administration of the obligations of such Person in
respect of this Agreement. Any document delivered hereunder that is signed by an Officer of a Grantor shall be conclusively presented to have been authorized by all necessary corporate, partnership and/or other action on the part of such Grantor and
such Officer shall be conclusively presumed to have acted on behalf of such Grantor. 
 “Officer’s
Certificate” means a certificate signed on behalf of applicable Grantor by an Officer of such Grantor, who must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of such
Grantor. 
 “Original ABL Agent” has the meaning assigned to that term in the preamble hereto. 

“Original Notes Collateral Agent” has the meaning assigned to that term in the preamble hereto. 

“Parent Borrower” has the meaning assigned to that term in the preamble hereto 

“Pari Notes Debt Agents” means the Notes Collateral Agent and each Additional Pari Notes Debt Agent. 

“Pari Notes Debt Collateral” means the Notes Collateral and any Additional Pari Notes Debt Collateral. 

“Pari Notes Debt Documents” means the Notes Documents and any Additional Pari Notes Debt Documents. 

“Pari Notes Debt Facility” means the Notes Facility (as defined in the Indenture) and any Additional Pari Notes Debt
Facility. 
 “Pari Notes Debt Lien” means each Notes Lien and each Additional Pari Notes Debt Lien. 

“Pari Notes Debt Obligations” means the Notes Debt and any Additional Pari Notes Debt Obligations. 

“Pari Notes Debt Secured Parties” means the Notes Secured Parties and any Additional Pari Notes Debt Secured Parties.

 “Pari Notes Debt Security Documents” means the Notes Security Documents and the Additional Pari Notes Debt
Security Documents. 
 “Patents” means, with respect to any Person, all of such Grantor’s right, title,
and interest in and to: (a) any and all patents and patent applications; (b) all inventions and improvements described and claimed therein; (c) all reissues, divisions, continuations, renewals, extensions, and continuations-in-part

  
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thereof; (d) all income, royalties, damages, claims, and payments now or hereafter due or payable under and with respect thereto, including, without limitation, damages and payments for past
and future infringements thereof; (e) all rights to sue for past, present, and future infringements thereof; and (f) all rights corresponding to any of the foregoing throughout the world. 

“Permitted Subordination” has the meaning assigned thereto in Section 2.01(d). 

“Person” means any individual, sole proprietorship, partnership, limited liability company, joint venture, joint-stock
company, trust, unincorporated organization, association, corporation, government or any agency or political subdivision thereof or any other entity. 
 “Qualifying ABL Debt” means the aggregate principal amount of indebtedness incurred under the ABL Credit Agreement (or any ABL Substitute Facility) that was incurred in compliance with
the Indenture (and any other documents governing Additional Pari Notes Debt Obligations (if any)) and any amendment or supplement thereto or refinancing thereof (it being understood that, in order for any indebtedness to qualify as “Qualifying
ABL Debt,” the Indenture (and the documents governing such Additional Pari Notes Debt Obligations (if any)) and any amendment or supplement thereto or refinancing thereof must have permitted (x) the incurrence of such indebtedness and
(y) the incurrence of the Liens granted as security therefor with the priority provided for under this Agreement. 

“Qualifying Notes Debt” means the aggregate principal amount of indebtedness incurred under the Indenture (and
Additional Pari Notes Debt Obligations (if any)) that was incurred in compliance with the ABL Credit Agreement (or any ABL Substitute Facility or any Additional ABL Facility, as applicable) and any amendment or supplement thereto or refinancing
thereof (it being understood that, in order for any indebtedness to qualify as “Qualifying Senior Secured Note Indebtedness,” the ABL Credit Agreement (or any ABL Substitute Facility or any Additional ABL Facility, as applicable) and any
amendment or supplement thereto or refinancing thereof must have permitted (x) the incurrence of such indebtedness and (y) the incurrence of the Liens granted as security therefor with the priority provided for hereunder. 

“Real Estate Asset” means, at any time of determination, any fee interest then owned by any Grantor in any real
property. 
 “Replaces” means, (a) in respect of any agreement with reference to the ABL Credit Agreement
or the ABL Debt Obligations or any ABL Substitute Facility or any Additional ABL Facility, as applicable, that such agreement refinances, replaces, restructures, exchanges, refunds or otherwise modifies the ABL Credit Agreement or such ABL
Substitute Facility or such Additional ABL Facility, as applicable (i) in whole (in a transaction that is in compliance with Section 2.10(a)) and that all commitments under the ABL Credit Agreement are terminated or (ii) to the
extent permitted by the terms of the ABL Credit Agreement or such ABL Substitute Facility or such Additional ABL Facility, as applicable, in part; and (b) in respect of any indebtedness with reference to the Pari Notes Debt Documents or the
Pari Notes Debt Facility, that such indebtedness refinances, replaces, exchanges or refunds the Pari Notes Debt Documents or such Pari Notes Debt Facility (i) in whole (in a transaction that is in compliance with Section 2.10(a))
and that all commitments thereunder are terminated, or, (ii) to the extent permitted by the terms of the Pari Notes Debt Documents or such Pari Notes Debt Facility, in part. “Replace,” “Replaced” and
“Replacement” shall have correlative meanings. 
 “Representative” means (a) in the case
of any Series of Pari Notes Debt Obligations, the Pari Notes Debt Agent for such Series, and (b) in the case of any ABL Debt Obligations, the ABL Agent. 

  
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 “Secured Debt Obligations” means the Pari Notes Debt Obligations (including
the Obligations incurred under each Series of Pari Notes Debt) and the ABL Debt Obligations. 
 “Secured Debt
Representative” means (a) in the case of the ABL Debt Obligations, the ABL Agent, (b) in the case of the Notes Debt, the Notes Collateral Agent and (c) in the case of any Pari Notes Debt Obligations, any Additional Pari Notes
Debt Agent. 
 “Secured Documents” means the Pari Notes Debt Documents and the ABL Debt Documents. 

“Secured Parties” means the Pari Notes Debt Secured Parties and the ABL Secured Parties. 

“Security Documents” means the Pari Notes Debt Security Documents and the ABL Security Documents. 

“Senior Documents” means (a) in respect of the Notes First Lien Collateral, the Pari Notes Debt Documents, and
(b) in respect of the ABL First Lien Collateral, the ABL Debt Documents. 
 “Senior Liens” means
(a) in respect of the ABL First Lien Collateral, the ABL Liens on such Collateral, and (b) in respect of the Notes First Lien Collateral, the Pari Notes Debt Liens on such Collateral. 

“Senior Representative” means (a) with respect to the Notes First Lien Collateral, the Controlling Notes Debt Agent
and (b) with respect to the ABL First Lien Collateral, the Controlling ABL Agent. 
 “Senior Secured
Obligations” means (a) with respect to the ABL Debt Obligations (to the extent such obligations are secured, or are intended to be secured, by the Notes First Lien Collateral), the Pari Notes Debt Obligations, and (b) with respect
to any Pari Notes Debt Obligations (to the extent such obligations are secured, or are intended to be secured, by the ABL First Lien Collateral), the ABL Debt Obligations. 
 “Senior Secured Obligations Collateral” means the Collateral in respect of which the Senior Representative (on behalf of itself and any applicable Senior Secured Obligations Secured
Parties) holds a Senior Lien. 
 “Senior Secured Obligations Secured Parties” means (a) with respect to
the Notes First Lien Collateral, the Pari Notes Debt Secured Parties, and (b) with respect to the ABL First Lien Collateral, the ABL Secured Parties. 
 “Senior Secured Obligations Security Documents” means (a) with respect to the ABL First Lien Collateral, the ABL Security Documents, and (b) with respect to the Notes First Lien
Collateral, the Pari Notes Debt Security Documents. 
 “Series” means each of (a) the Notes Debt and
(b) each class or issuance of Additional Pari Notes Debt Obligations incurred under a single Additional Pari Notes Debt Facility. “Series” when used with respect to any agent, person, document, lien or other item with respect
to any Notes Debt or Pari Notes Debt Obligations shall have a correlative meaning. 

  
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 “Subsidiary” means, with respect to any specified Person (a) any
corporation more than 50% of whose stock of any class or classes having by the terms thereof ordinary voting power to elect a majority of the directors of such corporation (irrespective of whether or not at the time stock of any class or classes of
such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time owned by such Person directly or indirectly through Subsidiaries, and (ii) any partnership, limited liability company,
association, joint venture or other entity in which such Person directly or indirectly through Subsidiaries, owns more than 50% of the Capital Stock of such Person at the time or in which such Person, one or more other Subsidiaries of such Person or
such Person and one or more Subsidiaries of such Person, directly or indirectly, has the power to direct the policies, management and affairs thereof. 
 “Subsidiary Grantors” has the meaning assigned to that term in the preamble hereto. 
 “Trademarks” shall mean, with respect to any Person, all of such Person’s right, title, and interest in and to the following: (a) all trademarks (including service marks), trade
names, trade dress, and trade styles and the registrations and applications for registration thereof and the goodwill of the business symbolized by the foregoing; (b) all renewals of the foregoing; (c) all income, royalties, damages, and
payments now or hereafter due or payable with respect thereto, including, without limitation, damages, claims, and payments for past and future infringements thereof; (d) all rights to sue for past, present, and future infringements of the
foregoing, including the right to settle suits involving claims and demands for royalties owing; and (e) all rights corresponding to any of the foregoing throughout the world. 

ARTICLE II 

Subordination of Junior Liens; Certain Agreements 
 SECTION 2.01. Subordination of Junior Liens. 
 (a) The parties hereto
hereby agree that the grant of the ABL Liens pursuant to the ABL Security Documents and each grant of the Pari Notes Debt Liens pursuant to the Pari Notes Debt Security Documents create separate and distinct Liens on the Collateral. 

(b) The parties hereto hereby further agree that all Junior Liens in respect of any Collateral are expressly subordinated and made junior
in right, priority, operation and effect to any and all Senior Liens in respect of such Collateral, notwithstanding anything contained in this Agreement, the Notes Documents, the ABL Debt Documents, any Additional Pari Notes Debt Documents, or any
other agreement or instrument or operation of law to the contrary, and irrespective of the time, order or method of creation, attachment or perfection of such Junior Liens and Senior Liens or any failure, defect or deficiency or alleged failure,
defect or deficiency in any of the foregoing. 
 (c) It is acknowledged that (i) the aggregate amount of the Senior Secured
Obligations may be increased from time to time pursuant to the terms of the Senior Documents, (ii) a portion of the Senior Secured Obligations consists or may consist of indebtedness that is revolving in nature, and the amount thereof that may
be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed, and (iii) the Senior Secured Obligations may be increased, extended, renewed, replaced, restated, supplemented, restructured, repaid,
refunded, refinanced or otherwise amended or modified from time to time, all without affecting the subordination of the Junior Liens hereunder or the provisions of this Agreement defining the relative rights of the ABL Secured Parties and the Pari
Notes Debt Secured Parties. The lien priorities provided for herein shall not be altered 

  
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or otherwise affected by any amendment, modification, supplement, extension, increase, renewal, restatement or Replacement of either the Junior Secured Obligations (or any part thereof) or the
Senior Secured Obligations (or any part thereof). 
 (d) If at any time the ABL Agent shall make a Permitted Subordination (as
defined below) with respect to any ABL First Lien Collateral or any Pari Notes Debt Agent shall make a Permitted Subordination with respect to Notes First Lien Collateral, in each case, to or in favor of any Person, the priority of such
Representative’s Liens vis-à-vis the Liens therein of the other Representative shall not be affected thereby and the subordinating Representative’s Liens shall continue to be senior in priority to the other Representative’s
Liens in the affected Collateral as and to the extent provided in this Article II. As used herein, the term “Permitted Subordination” shall mean a voluntary subordination by the ABL Agent of its Liens with respect to any or
all ABL First Lien Collateral, or by any Pari Notes Debt Agent of its Liens with respect to any or all Notes First Lien Collateral, including any such subordination in favor of depository banks, securities or commodities intermediaries, landlords,
mortgagees, custom brokers, freight forwarders, carriers, warehousemen, factors, and other Persons who provide goods or services to a Grantor in the ordinary course of business. 

SECTION 2.02. No Action With Respect to Junior Secured Obligations Collateral Subject to Senior Liens. Subject to Sections
2.04 and 2.06, no Junior Representative or other Junior Secured Obligations Secured Party shall commence or instruct any Junior Representative to commence any judicial or nonjudicial foreclosure proceedings with respect to, seek to have a
trustee, receiver, liquidator or similar official appointed for or over, attempt any action to take possession of, exercise any right, remedy or power with respect to, or otherwise take any action to enforce its interest in or realize upon, or take
any other action available to it in respect of, any Junior Secured Obligations Collateral under any Junior Secured Obligations Security Document, applicable law or otherwise until the associated Discharge of Senior Secured Debt Obligations
(including, without limitation, exercising any rights under any deposit account control agreement constituting Junior Secured Obligations Collateral), it being agreed that only the Senior Representative, acting in accordance with the applicable
Senior Secured Obligations Security Documents, shall be entitled to take any such actions or exercise any such remedies prior to the associated Discharge of Senior Secured Debt Obligations. Notwithstanding the foregoing, any Junior Representative
may, subject to Section 2.05, take all such actions as it shall deem necessary to (i) perfect or continue the perfection of its Junior Liens or (ii) to create, preserve or protect (but not enforce) the Junior Liens on any
Collateral. In addition, any Junior Representative may, with respect to any Junior Secured Obligations: 
 (a) file a claim or
statement of interest with respect to such Obligations; provided that an Insolvency or Liquidation Proceeding has been commenced by or against any Grantor; 
 (b) file any necessary or appropriate responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleading made by any person objecting to or otherwise seeking the
disallowance of the claims or Liens of the Junior Secured Obligations Secured Parties, including any claims secured by the Junior Secured Obligations Collateral, in each case in accordance with the terms of this Agreement; 

(c) in accordance with Section 2.06, file any pleadings, objections, motions or agreements which assert rights or interests
available to unsecured creditors of the Grantors arising under either any Insolvency or Liquidation Proceeding, in accordance with applicable law (including the Bankruptcy Laws of any applicable jurisdiction); and 

  
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 (d) vote on any plan of reorganization or plan of liquidation, file any proof of claim, make
other filings and make any arguments and motions (including in support of or opposition to, as applicable, the confirmation or approval of any plan of reorganization or plan of liquidation that are, in each case, in accordance with the terms of this
Agreement. 
 SECTION 2.03. No Duties of Senior Representative. Each Junior Secured Obligations Secured Party
acknowledges and agrees that neither the Senior Representative nor any other Senior Secured Obligations Secured Party shall have any duties or other obligations to such Junior Secured Obligations Secured Party with respect to any Senior Secured
Obligations Collateral, other than to transfer to the Junior Representative any remaining Collateral that constitutes Junior Secured Obligations Collateral and any proceeds of the sale or other disposition of any such Collateral that constitutes
Junior Secured Obligations Collateral remaining in its possession following the associated Discharge of Senior Secured Debt Obligations, in each case without representation or warranty on the part of the Senior Representative or any Senior Secured
Obligations Secured Party. In furtherance of the foregoing, each Junior Secured Obligations Secured Party acknowledges and agrees that until the associated Discharge of Senior Secured Debt Obligations secured by any Collateral on which such Junior
Secured Obligations Secured Party holds a Junior Lien, the Senior Representative shall be entitled, for the benefit of the holders of such Senior Secured Obligations, to sell, transfer or otherwise dispose of or deal with such Collateral, as
provided herein and in the Senior Secured Obligations Security Documents, without regard to any Junior Lien or any rights to which the holders of the Junior Secured Obligations would otherwise be entitled as a result of such Junior Lien. Without
limiting the foregoing, each Junior Secured Obligations Secured Party agrees that neither the Senior Representative nor any other Senior Secured Obligations Secured Party shall have any duty or obligation first to marshal or realize upon any type of
Senior Secured Obligations Collateral (or any other collateral securing the Senior Secured Obligations), or to sell, dispose of or otherwise liquidate all or any portion of such Collateral (or any other collateral securing the Senior Secured
Obligations), in any manner that would maximize the return to the Junior Secured Obligations Secured Parties, notwithstanding that the order and timing of any such realization, sale, disposition or liquidation may affect the amount of proceeds
actually received by the Junior Secured Obligations Secured Parties from such realization, sale, disposition or liquidation. Following the associated Discharge of Senior Secured Debt Obligations, the Junior Secured Obligations Secured Parties may,
subject to any other agreements binding on such Junior Secured Obligations Secured Parties, assert their rights under the New York UCC or otherwise to any proceeds remaining following a sale, disposition or other liquidation of Collateral by, or on
behalf of the Junior Secured Obligations Secured Parties. Each of the Junior Secured Obligations Secured Parties waives any claim such Junior Secured Obligations Secured Party may now or hereafter have against the Senior Representative or any other
Senior Secured Obligations Secured Party (or their representatives) arising out of any actions which the Senior Representative or the Senior Secured Obligations Secured Parties take or omit to take (including actions with respect to the creation,
perfection or continuation of Liens on any Collateral, actions with respect to the foreclosure upon, sale, release or depreciation of, or failure to realize upon, any of the Collateral, and actions with respect to the collection of any claim for all
or any part of the Senior Secured Obligations from any account debtor, guarantor or any other party) in accordance with this Agreement and the Senior Secured Obligations Security Documents or any other agreement related thereto or to the collection
of the Senior Secured Obligations or the valuation, use, protection or release of any security for the Senior Secured Obligations. 
 SECTION 2.04. No Interference; Payment Over; Reinstatement. 
 (a) Each
Junior Secured Obligations Secured Party agrees that (i) it will not itself take or cause to be taken any action the purpose, or effect of which is, or could be, to make any Junior 

  
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Lien rank equal with, or to give such Junior Secured Obligations Secured Party any preference or priority relative to, any Senior Lien with respect to the Collateral subject to such Senior Lien
and Junior Lien or any part thereof, (ii) it will not itself challenge or question in any proceeding the validity or enforceability of any Senior Secured Obligations or Senior Secured Obligations Security Document, or the validity, attachment,
perfection or priority of any Senior Lien, or the validity or enforceability of the priorities, rights or duties established by or other provisions of this Agreement, (iii) it will not itself take or cause to be taken any action the purpose or
intent of which is, or could be, to interfere with, hinder or delay, in any manner, whether by judicial proceedings or otherwise, any sale, transfer or other disposition of the Collateral subject to any Junior Lien by any Senior Secured Obligations
Secured Parties secured by Senior Liens on such Collateral or any Senior Representative acting on their behalf, (iv) it shall have no right to (A) direct any Senior Representative or any holder of Senior Secured Obligations to exercise any
right, remedy or power with respect to the Collateral subject to any Junior Lien or (B) consent to the exercise by any Senior Representative or any other Senior Secured Obligations Secured Party of any right, remedy or power with respect to the
Collateral subject to any Junior Lien, (v) it will not itself institute any suit or assert in any suit or Insolvency or Liquidation Proceeding any claim against any Senior Representative or other Senior Secured Obligations Secured Party seeking
damages from or other relief by way of specific performance, instructions or otherwise with respect to, and neither any Senior Representative nor any other Senior Secured Obligations Secured Party shall be liable for, any action taken or omitted to
be taken by such Senior Representative or other Senior Secured Obligations Secured Party with respect to any Collateral securing such Senior Secured Obligations that is subject to any Junior Lien, (vi) it will not seek, and hereby waives any
right, to have any Senior Secured Obligations Collateral subject to any Junior Lien or any part thereof marshaled upon any foreclosure or other disposition of such Collateral and (vii) it will not attempt, directly or indirectly, whether by
judicial proceedings or otherwise, to challenge the enforceability of any provision of this Agreement. 
 (b) Each Junior
Representative and each other Junior Secured Obligations Secured Party hereby agrees that if it shall obtain possession of any Senior Secured Obligations Collateral or shall realize any proceeds or payment in respect of any such Collateral, pursuant
to any Junior Secured Obligations Security Document or by the exercise of any rights available to it under applicable law or in any Insolvency or Liquidation Proceeding or through any other exercise of remedies, at any time prior to the associated
Discharge of Senior Secured Debt Obligations secured, or intended to be secured, by such Collateral, then it shall hold such Collateral, proceeds or payment in trust for the applicable Senior Secured Obligations Secured Parties and transfer such
Collateral, proceeds or payment, as the case may be, to the Senior Representative reasonably promptly after receiving written notice from the Senior Secured Obligations Secured Parties that it has possession of such Senior Secured Obligations
Collateral or proceeds or payments in respect thereof. Each Junior Secured Obligations Secured Party agrees that if, at any time, it receives written notice from the Senior Secured Obligations Secured Party that all or part of any payment with
respect to any Senior Secured Obligations previously made shall be rescinded for any reason whatsoever, such Junior Secured Obligations Secured Party shall promptly pay over to the Senior Representative any payment received by it and then in its
possession or under its control in respect of any Collateral subject to any Senior Lien securing such Senior Secured Obligations and shall promptly turn any Collateral subject to any such Senior Lien then held by it over to the Senior
Representative, and the provisions set forth in this Agreement shall be reinstated as if such payment had not been made, until the payment and satisfaction in full of the Senior Secured Obligations. All Junior Liens will remain attached to, and
enforceable against, all proceeds so held or remitted. Anything contained herein to the contrary notwithstanding, this Section 2.04(b) shall not apply to any proceeds of Senior Secured Obligations Collateral realized in a transaction not
prohibited by the Senior Documents and as to which the possession or receipt thereof by the Junior Representative or other Junior Secured Obligations Secured Party is otherwise permitted by the Senior Documents. 

  
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 SECTION 2.05. Release of Liens; Automatic Release of Junior Liens. 

(a) The Junior Representative and each other Junior Secured Obligations Secured Party agree that, in the event of a sale, transfer or
other disposition of Senior Secured Obligations Collateral or any such Senior Secured Obligations Collateral becoming Excluded Collateral under the ABL Debt Documents or Notes Documents, in each case subject to any Junior Lien (regardless of whether
or not an Event of Default has occurred and is continuing under the Junior Documents at the time of such sale, transfer or other disposition or any such Senior Secured Obligations Collateral becoming Excluded Collateral under the ABL Debt Documents
or Notes Documents), such Junior Lien on such Collateral shall terminate and be released automatically and without further action if the applicable Senior Liens on such Collateral are released and if such sale, transfer or other disposition either
(A) is then not prohibited by the Junior Documents (either pursuant to the terms of the Junior Documents or pursuant to a consent issued thereunder) or (B) occurs in connection with the foreclosure upon or other exercise of rights and
remedies with respect to such Senior Secured Obligations Collateral (including, if the Senior Secured Obligations Collateral is ABL First Lien Collateral, in connection with any liquidation of ABL Facility Collateral consented to by the ABL Agent);
provided that such Junior Lien shall remain in place with respect to any proceeds of a sale, transfer or other disposition under this clause (a) that remain after the associated Discharge of Senior Secured Debt Obligations. In addition,
for the avoidance of doubt, the Junior Representative and each Junior Secured Obligations Secured Party agree that, with respect to any property or assets that would otherwise constitute Senior Secured Obligations Collateral, the requirement that a
Junior Lien attach to, or be perfected with respect to, such property or assets shall be waived automatically and without further action so long as the requirement that a Senior Lien attach to, or be perfected with respect to, such property or
assets is waived by the Senior Secured Obligations Secured Parties (or the Senior Representative) in accordance with the Senior Documents and so long as no Event of Default under the Junior Documents shall have occurred, be continuing or would
result therefrom at such time. 
 (b) The ABL Agent and each Pari Notes Debt Agent agrees that, with respect to the release of
any Collateral, if the ABL Agent or Pari Notes Debt Agent, as applicable, at any time receives: 
 (i) an
Officer’s Certificate from the relevant Grantor stating that (A) the signing Officer has read Article 2 of this Agreement and understands the provisions and the definitions relating hereto, (B) such Officer has made such
examination or investigation as is necessary to enable such Persons to express an informed opinion as to whether or not the conditions precedent in this Agreement and all other Secured Documents, if any, relating to the release of such Collateral
have been complied with and (C) in the opinion of such Officer, such conditions precedent, if any, have been complied with; 
 (ii) the proposed instrument or instruments releasing such Lien as to such property in recordable form, if applicable; and 

(iii) prior to the associated Discharge of Senior Secured Debt Obligations, the written confirmation of the applicable
Senior Representative (or, at any time after the associated Discharge of Senior Secured Debt Obligations, the Junior Representative) (such confirmation to be given promptly following receipt of, and based solely on, the Officer’s Certificate
described in clause (i) above) that, in its view, such release is permitted by Section 2.05(a) and the respective Secured Documents governing the Pari Notes Debt Obligations or the ABL Debt Obligations, as applicable, the holders of
which such Representative represents; 

  
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 then the ABL Agent or each Pari Notes Debt Agent, as applicable, will execute (with such acknowledgements
and/or notarizations as are required) and deliver such release to the applicable Grantor on or before the later of (x) the date specified in such request for such release and (y) the fifth Business Day (or such shorter period as shall be
acceptable to the Representatives) after the date of receipt of the items required by this Section 2.05(b) by the applicable Representative. 
 (c) The Junior Representative agrees to execute and deliver (at the sole cost and expense of the Grantors) all such releases and other instruments as shall reasonably be requested by the Senior
Representative to evidence and confirm any release of Junior Secured Obligations Collateral provided for in this Section 2.05. 
 SECTION 2.06. Certain Agreements With Respect to Insolvency or, Liquidation Proceedings. 
 (a) This Agreement shall continue in full force and effect, notwithstanding the commencement of any Insolvency or Liquidation Proceeding by or the Parent Borrower, any of the Parent Borrower’s
Subsidiaries or any Grantor. Without limiting the generality of the foregoing, the provisions of this Agreement are intended to be and shall be enforceable as a “subordination agreement” under Section 510(a) of the Bankruptcy Code.
All references to the Parent Borrower or any other Grantor shall include the Parent Borrower or any other Grantor as debtor and debtor-in-possession and any receiver, examiner, or trustee for such person in any Insolvency or Liquidation Proceeding.

 (b) If any Grantor shall become subject to a case under the Bankruptcy Code and shall, as debtor(s)-in-possession, move for
approval of financing (a “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 Junior Secured Obligations Secured Party agrees that it will raise no objection, and will waive any claim such Person may now or hereafter have, to any such financing or to the Liens on the Senior Secured Obligations Collateral
securing the same (“DIP Financing Liens”), or to any use of cash collateral that constitutes Senior Secured Obligations Collateral or to any grant of administrative expense priority under Section 364 of the Bankruptcy Code,
unless (i)(A) the Senior Secured Obligations Secured Parties, or Senior Representative, shall then oppose or object to such DIP Financing or such DIP Financing Liens or such use of cash collateral, (B) such DIP Financing Liens are neither
senior to, nor rank equal with, the Senior Liens upon any property of the estate in such Insolvency or Liquidation Proceeding or (C) such DIP Financing shall not provide that cash collateral consisting of ABL First Lien Collateral (including
ABL First Lien Collateral arising after the commencement of such Insolvency Proceeding) shall be required to be remitted to the ABL Agent in accordance with the ABL Debt Documents for permanent application to the ABL Debt Obligations unless
otherwise agreed by the ABL Agent or, (ii)(A) with respect to any DIP Financing provided by the ABL Secured Parties that is secured by a Lien on the ABL First Priority Collateral that is senior in priority to the Lien of the Notes Secured Parties on
the ABL First Priority Collateral, the aggregate principal amount of such DIP Financing, together with the aggregate outstanding amount of pre-petition ABL Debt Obligations then outstanding, does not exceed the Maximum ABL Facility Amount or
(B) with respect to any DIP Financing provided by the Notes Secured Parties that is secured by a Lien on the Notes First Priority Collateral that is senior in priority to the Lien of the ABL Secured Parties on the Notes First Priority
Collateral, the aggregate principal amount of such DIP Financing, together with the aggregate outstanding amount of pre-petition Notes Debt then outstanding, does not exceed the Maximum Note Amount. To the extent such DIP Financing Liens are senior
to, or rank equal with, the Senior Liens, the Junior Representative will, for itself and on behalf of the other Junior Secured Obligations Secured Parties of the applicable Series, subordinate the Junior Liens on the Senior Secured Obligations
Collateral to (i)

  
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the Senior Liens (and all adequate protection liens on the Senior Secured Obligations Collateral granted to the Senior Secured Obligations Secured Parties) and the DIP Financing Liens and
(ii) any “carve out” for professional fees and United States Trustee fees and other payments from the Senior Secured Obligations Collateral agreed to by the Senior Representative, so long as the Junior Secured Obligations Secured
Parties retain their valid, perfected and unvoidable Liens on all the Junior Secured Obligations Collateral, including proceeds thereof arising after the commencement of any Insolvency or Liquidation Proceeding, with the same priority as existed
prior to the commencement of the case under the Bankruptcy Code. Nothing in this Agreement shall limit (x) the right of any Senior Secured Obligations Secured Parties to consent to the use of Senior Secured Obligations cash collateral or
consent to or provide any DIP Financing on terms other than the terms set forth herein or (y) the right of any Junior Secured Obligations Secured Parties to object to such DIP Financing or use of Senior Secured Obligations cash collateral on
terms other than those set forth herein; provided that any Lien on ABL First Lien Collateral granted to any Pari Notes Debt Secured Parties shall be subject to the priorities set forth herein and any Lien on Notes First Lien Collateral
granted to any ABL Secured Parties shall be subject to the priorities set forth herein. 
 (c) Each Junior Secured Obligations
Secured Party agrees that it will not object to or oppose (i) a sale or other disposition of any Senior Secured Obligations Collateral (or any portion thereof) under Section 363 of the Bankruptcy Code or any other provision of the
Bankruptcy Code if the Senior Secured Obligations Secured Parties shall have consented to such sale or disposition of such Senior Secured Obligations Collateral and all Senior Liens and Junior Liens will attach to the proceeds of the sale or other
disposition with the same priorities set forth herein or (ii) any lawful exercise by any holder of claims in respect of any Senior Secured Obligations of the right to credit bid such claims under Section 363(k) of the Bankruptcy Code or
any other applicable provision of the Bankruptcy Code or in any sale in foreclosure of Collateral that is Senior Secured Obligations Collateral with respect to such claims. 
 (d) (i) No Notes Secured Party shall oppose (or support the opposition of any other Person) in any Insolvency or Liquidation Proceeding to (A) any motion or other request by any ABL Secured Party for
adequate protection with respect to ABL Agent’s Liens upon the ABL First Lien Collateral, including any claim of any ABL Secured Party to post-petition interest, fees, or expenses as a result of the ABL Lien on the ABL First Lien Collateral (so
long as any post-petition interest, fees, or expenses paid as a result thereof is not paid from the proceeds of Notes First Lien Collateral and is allowable under Section 506(b) of the Bankruptcy Code), a request for the application of proceeds
of ABL First Lien Collateral to the ABL Debt Obligations, and request for additional or replacement Liens on post-petition assets of the same type as the ABL First Lien Collateral and/or a superpriority administrative claim, or (B) any
objection by any ABL Secured Party to any motion, relief, action or proceeding based on such ABL Secured Party claiming a lack of adequate protection with respect to the ABL Liens in the ABL First Lien Collateral. In addition, the ABL Agent, for
itself and on behalf of the ABL Secured Parties, may seek adequate protection of its junior interest in the Notes First Lien Collateral in the form of an additional or replacement Lien on post-petition assets of the same type as the Notes First Lien
Collateral and/or a superpriority administrative claim, subject to the provisions of this Agreement; provided that each Notes Collateral Agent is also granted adequate protection in the same form that is granted to the ABL Agent, which
additional or replacement Lien on post-petition assets of the same type as the Notes First Lien Collateral or superpriority administrative claim (as applicable) is senior to that granted to the ABL Agent in respect of the Notes First Lien
Collateral. Such Lien on post-petition assets of the same type as the Notes First Lien Collateral and/or superpriority administrative claim, if granted to the ABL Agent, will be subordinated to the adequate protection Liens and/or superpriority
administrative claims (as applicable) granted in favor of each Pari Notes Debt Agent on such post-petition assets, and, if applicable, to the DIP Financing Liens of each Pari Notes Debt Agent or any other Pari Notes Debt

  
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Secured Party on such post-petition assets of the same type as the Notes First Lien Collateral. If the ABL Agent, for itself and on behalf of the ABL Secured Parties, seeks or requires (or is
otherwise granted) adequate protection of its junior interest in the Notes First Lien Collateral in the form of an additional or replacement Lien on post-petition assets of the same type as the Notes First Lien Collateral and/or a superpriority
administrative claim, then the ABL Agent, for itself and the ABL Secured Parties, agrees that each Pari Notes Debt Agent shall also be granted an additional or replacement Lien on such post-petition assets and/or a superpriority administrative claim
as adequate protection of its senior interest in the Notes First Lien Collateral and that the ABL Agent’s additional or replacement Lien on post-petition assets of the same type as the Notes First Lien Collateral and/or superpriority
administrative claim (as applicable) shall be subordinated to the additional or replacement Lien on post-petition assets of the same type as the Notes First Lien Collateral and/or superpriority administrative claim of each Pari Notes Debt Agent on
the same basis as the Liens of the ABL Agent on, and claims with respect to, the Notes First Lien Collateral are subordinated to the Liens of each Pari Notes Debt Agent on, and claims with respect to, the Notes First Lien Collateral under this
Agreement. If the ABL Agent or any ABL Secured Party receives as adequate protection a Lien on post-petition assets of the same type as the ABL First Lien Collateral, then such post-petition assets shall also constitute ABL First Lien Collateral to
the extent of any allowed claim of the ABL Secured Parties secured by such adequate protection Lien and shall be subject to this Agreement. 
 (ii) No ABL Secured Party shall oppose (or support the opposition of any other Person) in any Insolvency or Liquidation Proceeding to (A) any motion or other request by any Notes Secured Party for
adequate protection of any Pari Notes Debt Agent’s Liens upon any of the Notes First Lien Collateral, including any claim of any Pari Notes Debt Secured Party to post-petition interest, fees, or expenses as a result of any Pari Notes Debt Liens
on the Notes First Lien Collateral (so long as any post-petition interest, fees, or expenses paid as a result thereof are not paid from the proceeds of ABL First Lien Collateral), a request for the application of proceeds of Notes First Lien
Collateral to the Pari Notes Debt Obligations, and request for additional or replacement Liens on post-petition assets of the same type as the Notes First Lien Collateral and/or a superpriority administrative claim or (B) any objection by any
Pari Notes Debt Secured Party to any motion, relief, action or proceeding based on such Pari Notes Debt Secured Party claiming a lack of adequate protection, with respect to any Pari Notes Debt Agent’s Liens in the Notes First Lien Collateral.
In addition, any Pari Notes Debt Agent, for itself and on behalf of the applicable Pari Notes Debt Secured Parties, may seek adequate protection of its junior interest in the ABL First Lien Collateral in the form of an additional or replacement Lien
on post-petition assets of the same type as the Notes First Lien Collateral and/or a superpriority administrative claim, subject to the provisions of this Agreement; provided, that the ABL Agent is also granted adequate protection in the same
form that is granted to the applicable Pari Notes Debt Agent, which additional or replacement Lien on post-petition assets of the same type as the Notes First Lien Collateral and/or superpriority administrative claim (as applicable) granted in favor
of the ABL Agent is senior to that granted to the applicable Pari Notes Debt Agent in respect of the ABL First Lien Collateral. Such Lien on post-petition assets of the same type as the ABL First Lien Collateral and/or superpriority administrative
claim, if granted to any Pari Notes Debt Agent, will be subordinated to the adequate protection Liens and/or superpriority administrative claims (as applicable) granted in favor of the ABL Agent on such post-petition assets, and, if applicable, to
the DIP Financing Liens of the ABL Agent or any other ABL Secured Party on such post-petition assets of the same type as the ABL First Lien Collateral. If any Pari Notes Debt Agent, for itself and on behalf of any Pari Notes Debt Secured Parties,
seeks or requires (or is otherwise granted) adequate protection of its junior interest in the ABL First Lien Collateral in the form of an additional or replacement Lien on the post-petition assets of the same type as the ABL First Lien Collateral
and/or a superpriority administrative claim, then such Pari Notes Debt Agent, for itself and the applicable Pari Notes Debt Secured Parties, agrees that the ABL Agent shall also be granted an additional

  
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or replacement Lien on such post-petition assets and/or a superpriority administrative claim as adequate protection of its senior interest in the ABL First Lien Collateral and that such Pari
Notes Debt Agent’s additional or replacement Lien on such post-petition assets of the same type as the ABL First Lien Collateral and/or superpriority administrative claim shall be subordinated to the additional or replacement Lien and/or
superpriority administrative claim of the ABL Agent on the same basis as the Liens of such Pari Notes Debt Agent on and claims with respect to the ABL First Lien Collateral are subordinated to the Liens of the ABL Agent on and claims with respect to
the ABL First Lien Collateral under this Agreement. If any Pari Notes Debt Agent or any Pari Notes Debt Secured Party receives as adequate protection a Lien on post-petition assets of the same type as the Notes First Lien Collateral, then such
post-petition assets shall also constitute Notes First Lien Collateral to the extent of any allowed claim of the applicable Pari Notes Debt Secured Parties secured by such adequate protection Lien and shall be subject to this Agreement. 

(e) Each of the Junior Secured Obligations Secured Parties waives any claim such Junior Secured Obligations Secured Party may now or
hereafter have against the Senior Representative or any other Senior Secured Obligations Secured Party (or their representatives) arising out of any election by the Senior Representative or any Senior Secured Obligations Secured Parties, in any
proceeding instituted under the Bankruptcy Code, of the application of Section 1111(b) of the Bankruptcy Code with respect to such party’s Senior Secured Obligations Collateral. 

(f) Prior to any Discharge of Senior Secured Debt Obligations and any DIP Financing provided by the Senior Secured Obligations Secured
Parties, no Junior Secured Obligations Secured Party shall seek relief from the automatic stay in any Insolvency or Liquidation Proceeding with respect to any Senior Secured Obligations Collateral unless (i) otherwise consented to by the Senior
Representative or (ii) the Senior Representative or Senior Secured Obligations Secured Parties shall seek relief from the automatic stay with respect to such Collateral to commence a lien enforcement action with respect to such Senior Secured
Obligations Collateral. No Junior Secured Obligations Secured Party will object to or otherwise contest: any motion for relief from the automatic stay or from any injunction against foreclosure or enforcement in respect of the Senior Secured
Obligations and the Senior Secured Obligations Collateral made by the Senior Representative or any other Senior Secured Obligations Secured Party (or their representatives). 
 (g) Each of the Junior Secured Obligations Secured Parties hereby agrees that (i) it will not oppose or seek to challenge any claim by the Senior Representative or any other Senior Secured
Obligations Secured Party (or their representatives) for allowance of Senior Secured Obligations consisting of post-petition interest, fees or expenses to the extent of the value of the Senior Representative’s Lien on the Senior Secured
Obligations Collateral, without regard to the existence of the Lien of the Junior Secured Obligations Secured Parties on the Senior Secured Obligations Collateral; and (ii) prior to any Discharge of Senior Secured Debt Obligations, will not
assert or enforce any claim under Section 506(c) of the Bankruptcy Code senior to or on a parity with the Liens on the Senior Secured Obligations Collateral securing the Senior Secured Obligations for costs or expenses of preserving or
disposing of any Collateral. 
 (h) The Notes Collateral Agent, for itself and on behalf of the Notes Secured Parties, and the
ABL Agent, for itself and on behalf of the ABL Secured Parties, acknowledge and intend that: the grants of Liens pursuant to the Notes Security Documents, on the one hand, and the ABL Security Documents, on the other hand, constitute separate and
distinct grants of Liens, and because of, among other things, their differing rights in the Collateral, the ABL Debt Obligations are fundamentally different from the Pari Notes Debt Obligations and must be separately classified in any plan of
reorganization or 

  
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liquidation proposed or confirmed (or approved) in an Insolvency or Liquidation Proceeding. To further effectuate the intent of the parties as provided in the immediately preceding sentence, if
it is held that the claims of the ABL Secured Parties and the claims of the Notes Secured Parties in respect of any Collateral constitute claims in the same class (rather than separate classes of secured claims), then the ABL Secured Parties and the
Notes Secured Parties hereby acknowledge and agree that all distributions from the Collateral shall be made as if there were separate classes of ABL Debt Obligations and Pari Notes Debt Obligations against the Grantors (with the effect being that,
to the extent that the aggregate value of the ABL First Lien Collateral or the Notes First Lien Collateral is sufficient (for this purpose ignoring all claims held by the other Secured Parties for whom such Collateral is Junior Secured Obligations
Collateral)), the ABL Secured Parties or the Notes Secured Parties, respectively, shall be entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all amounts owing in respect
of post-petition interest, fees, and expenses that are available from the applicable Senior Secured Obligations Collateral for each of the ABL Secured Parties and the Notes Secured Parties (regardless of whether any such claims for post-petition
interest, fees, or expenses, may or may not be allowed or allowable in whole or in part as against the Parent Borrower or any of the other Grantors in the applicable Insolvency or Liquidation Proceeding(s) pursuant to the Bankruptcy Code, applicable
law or otherwise), respectively, before any distribution is made in respect of any claims in respect of the Junior Secured Obligations from, or with respect to, such applicable Senior Secured Obligations Collateral, with the holder of such claims
hereby acknowledging and agreeing to turn over to the respective other Secured Parties amounts otherwise received or receivable by them from, or with respect to, such applicable Senior Secured Obligations Collateral to the extent necessary to
effectuate the intent of this sentence, even if such turnover has the effect of reducing their aggregate recoveries. 
 (i) 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 plan of liquidation, both on account of the
ABL Debt Obligations and on account of the Pari Notes Debt Obligations, then, to the extent the debt obligations distributed on account of the ABL Debt Obligations and on account of the Pari Notes Debt Obligations are secured by Liens upon the
Collateral, 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 debt obligations so distributed, to the Liens securing such debt obligations and the
distribution of proceeds thereof. 
 SECTION 2.07. Reinstatement. In the event that any of the Senior Secured Obligations
shall be paid and such payment or any part thereof shall subsequently, for whatever reason (including an order or judgment for disgorgement of a preference or other avoidance under the Bankruptcy Code, or any similar law, or the settlement of any
claim in respect thereof), be required to be returned or repaid, the terms and conditions of this Agreement shall be fully applicable thereto until all such Senior Secured Obligations shall again have been paid in full in cash. 

SECTION 2.08. Entry Upon Premises by the ABL Agent and the ABL Secured Parties; Intellectual Property License. 

(a) If the ABL Agent takes any enforcement action with respect to the ABL First Lien Collateral, the Pari Notes Debt Secured Parties
(i) shall cooperate with the ABL Agent (at the sole cost and expense of the ABL Agent and subject to the condition that the Pari Notes Debt Secured Parties shall have no obligation or duty to take any action or refrain from taking any action
that could reasonably be expected to result in the incurrence of any liability or damage to the Pari Notes Debt Secured Parties) in its efforts to enforce its security interest in the ABL First Lien Collateral and to finish any work-in-process and
assemble the ABL First Lien Collateral, (ii) shall not take any action designed or intended to 

  
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hinder or restrict in any respect the ABL Agent from enforcing its security interest in the ABL First Lien Collateral or from finishing any work-in-process or assembling the ABL First Lien
Collateral, and (iii) subject to the rights of any landlords under real estate leases, shall permit the ABL Agent, its employees, agents, advisers and representatives, at the sole cost and expense of the ABL Secured Parties and upon reasonable
advance notice, to enter upon and use the Notes First Lien Collateral (including equipment, processors, computers and other machinery related to the storage or processing of records, documents or files), for a period not to exceed 180 days after the
taking of such enforcement action, for purposes of (1) assembling and storing the ABL First Lien Collateral and completing the processing of and turning into finished goods of any ABL First Lien Collateral consisting of work-in-process,
(2) selling any or all of the ABL First Lien Collateral located on such Notes First Lien Collateral, whether in bulk, in lots or to customers in the ordinary course of business or otherwise, (3) removing any or all of the ABL First Lien
Collateral located on such Notes First Lien Collateral, or (4) taking reasonable actions to protect, secure and otherwise enforce the rights of the ABL Secured Parties in and to the ABL First Lien Collateral; provided, however,
that nothing contained in this Agreement shall restrict the rights of any Pari Notes Debt Agent from selling, assigning or otherwise transferring any Notes First Lien Collateral prior to the expiration of such 180-day period if the purchaser,
assignee or transferee thereof agrees to be bound by the provisions of this Section. If any stay or other order prohibiting the exercise of remedies with respect to the ABL First Lien Collateral has been entered by a court of competent jurisdiction,
such 180-day period shall be tolled during the pendency of any such stay or other order. If the ABL Agent conducts a public auction or private sale of the ABL First Lien Collateral at any of the real property included within the Notes First Lien
Collateral, the ABL Agent shall provide each Pari Notes Debt Agent with reasonable notice and use reasonable efforts to hold such auction, or sale in a manner which would not unduly disrupt such Pari Notes Debt Agent’s use of such real
property. 
 (b) Notwithstanding any limitation set forth in Section 2.08(a), no Pari Notes Debt Secured Party shall
in any manner interfere with ABL Agent’s right to use any Intellectual Property pursuant to any license or other right of use granted by a Grantor or pursuant to any applicable law, and any sale or other disposition of such Intellectual
Property whether by a lien enforcement action or otherwise shall be made expressly subject to such license or other right of use until the sooner to occur of the following: (i) the Discharge of Senior Secured Debt Obligations of the ABL Secured
Parties, or (ii) all ABL First Lien Collateral consisting of inventory having been sold or otherwise disposed of after the occurrence and during the continuance of an Event of Default under the ABL Debt Documents, whether pursuant to a lien
enforcement action by ABL Secured Parties, by a trustee or other representative of creditors in an Insolvency or Liquidation Proceeding or by one or more Grantors in an orderly liquidation of such ABL First Lien Collateral, to repay the ABL Debt
Obligations. Nothing in this Section shall be deemed to modify, waive, condition, limit or otherwise adversely affect any right ABL Agent may have to sell or otherwise dispose of any inventory (including inventory bearing any trademarks or
tradenames forming a part of the Notes First Lien Collateral), whether by lien enforcement action or otherwise, after any sale or other disposition of any intellectual property by Notes Collateral Agent or any other Pari Notes Debt Secured Party.

 (c) During the period of actual occupation, use or control by the ABL Secured Parties or their agents or representatives of
any Notes First Lien Collateral, the ABL Secured Parties shall (i) be responsible for the ordinary course third-party expenses related thereto, including costs with respect to heat, light, electricity, water and real property taxes with respect
to that portion of any premises so used or occupied, and (ii) be obligated to repair at their expense any physical damage to such Notes First Lien Collateral or other assets or property resulting from such occupancy, use or control, and to
leave such Notes First Lien Collateral or other assets or property in substantially the same condition as it was at the commencement of such occupancy, use or control, ordinary wear and tear excepted. The ABL Secured

  
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Parties severally (on a pro rata basis) agree to pay, indemnify and hold each Pari Notes Debt Agent and their respective officers, directors, employees and agents harmless from and against any
liability, cost, expense, loss or damages, including legal fees and expenses, resulting from the gross negligence or willful misconduct of the ABL Agent or any of its agents, representatives or invitees in its or their operation of such facilities.
Notwithstanding the foregoing, in no event shall the ABL Secured Parties have any liability to the Pari Notes Debt Secured Parties pursuant to this Section as a result of any condition (including any environmental condition, claim or liability) on
or with respect to the Notes First Lien Collateral existing prior to the date of the exercise by the ABL Secured Parties of their rights under this Section and the ABL Secured Parties shall have no duty or liability to maintain the Notes First Lien
Collateral in a condition or manner better than that in which it was maintained prior to the use thereof by the ABL Secured Parties, or for any diminution in the value of the Notes First Lien Collateral that results solely from ordinary wear and
tear resulting from the use of the Notes First Lien Collateral by the ABL Secured Parties in the manner and for the time periods specified under this Section 2.08. Without limiting the rights granted in this paragraph, ABL Agent, to the
extent that rights have been exercised under this Section 2.08 by ABL Agent, shall cooperate with the Pari Notes Debt Secured Parties in connection with any efforts made by the Pari Notes Debt Secured Parties to sell the Notes First Lien
Collateral. 
 (d) Each Pari Notes Debt Agent and each Pari Notes Debt Secured Party, in its capacity as a secured party (or as
a purchaser, assignee or transferee, as applicable), and to the extent of its interest therein, hereby grants to the ABL Agent and the ABL Secured Parties a nonexclusive, irrevocable, royalty-free, worldwide license to use, license or sublicense any
and all Intellectual Property now owned or hereafter acquired included as part of the Pari Notes Debt Collateral (and including in such license 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) as is or may be necessary or advisable in the ABL Agent’s reasonable judgment for the ABL Agent to process, ship, produce, store, supply, lease, complete, sell, liquidate or
otherwise deal with the ABL First Lien Collateral, or to collect or otherwise realize upon any Accounts (as defined in the ABL Credit Agreement) comprising ABL First Lien Collateral, in each case solely in connection with any exercise of remedies
available to the ABL Secured Parties; provided that (i) any such license shall terminate upon the sale of the applicable ABL First Lien Collateral and shall not extend or transfer to the purchaser of such ABL First Lien Collateral,
(ii) the ABL Agent’s use of such Intellectual Property shall be reasonable and lawful, and (iii) any such license is granted on an “AS-IS” basis, without any representation or warranty whatsoever. Furthermore, each Pari
Notes Debt Agent agrees that, in connection with any exercise of remedies available to any Pari Notes Debt Agent in respect of Pari Notes Debt Collateral, such Pari Notes Debt Agent shall provide written notice to any purchaser, assignee or
transferee of Intellectual Property pursuant to such exercise of remedies, that the applicable Intellectual Property is subject to such license. 
 SECTION 2.09. Insurance. Unless and until written notice by the ABL Agent to each Pari Notes Debt Agent that the Discharge of Senior Secured Debt Obligations in respect of the ABL Debt Obligations
has occurred, as between the ABL Agent, on the one hand, and any Pari Notes Debt Agent, on the other hand, only the ABL Agent will have the right (subject to the rights of the Grantors under the ABL Debt Documents and the Notes Documents) to adjust
or settle any insurance policy or claim covering or constituting ABL First Lien Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the ABL First Lien Collateral. Unless
and until written notice by each Pari Notes Debt Agent to the ABL Agent that the Pari Notes Debt Obligations have been paid in full, as between the ABL Agent, on the one hand, and any Pari Notes Debt Agent, on the other hand, only Pari Notes Debt
Agents will have the right (subject to the rights of the Grantors under the ABL Debt Documents and the Pari Notes Debt Documents) to adjust or settle any insurance policy covering or constituting Notes First Lien Collateral in the event of any loss
thereunder 

  
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and to approve any award granted in any condemnation or similar proceeding solely affecting Notes First Lien Collateral. To the extent that an insured loss covers or constitutes both ABL First
Lien Collateral and Notes First Lien Collateral, then the ABL Agent and each Pari Notes Debt Agent will work jointly and in good faith to collect, adjust or settle (subject to the rights of the Grantors under the ABL Debt Documents and the Pari
Notes Debt Documents) under the relevant insurance policy. 
 SECTION 2.10. Refinancing and Additional Secured Debt.

 (a) The ABL Debt Obligations and the Pari Notes Debt Obligations may be Replaced by any ABL Substitute Facility or Notes
Substitute Facility, as the case may be, in each case, without notice to or the consent of any Secured Party, all without affecting the Lien priorities provided for herein or the other provisions hereof; provided, however, that the
Notes Collateral Agent and the ABL Agent shall receive on or prior to incurrence of the Replacement of an ABL Substitute Facility or Notes Substitute Facility (i) an Officer’s Certificate from the Parent Borrower stating that (A) the
Replacement is permitted by each applicable Secured Document to be incurred, or to the extent a consent is otherwise required to permit the Replacement under any Secured Document, each Grantor has obtained the requisite consent and (B) the
requirements of Section 2.09 have been satisfied, and (ii) a Lien Sharing and Priority Confirmation Joinder from the holders or lenders of any indebtedness that Replaces the ABL Debt Obligations or the Notes Debt (or an authorized
agent, trustee or other representative on their behalf). 
 Each of the then-existing ABL Agent and Notes Collateral Agent shall
be authorized to execute and deliver such documents and agreements (including amendments or supplements to this Agreement) as such holders, lenders, agent, trustee or other representative may reasonably request to give effect to such Replacement, it
being understood that the ABL Agent and each Notes Collateral Agent, without the consent of any other Secured Party, may amend, supplement, modify or restate this Agreement to the extent reasonably necessary or appropriate to facilitate such
amendments or supplements to effect such Replacement all at the expense of the Parent Borrower. Upon the consummation of such Replacement and the execution and delivery of the documents and agreements contemplated in the preceding sentence, the
holders or lenders of such indebtedness and any authorized agent, trustee or other representative thereof shall be entitled to the benefits of this Agreement. 
 (b) Each Grantor will be permitted to designate as an additional holder of Secured Debt Obligations hereunder each Person who is or who becomes the registered holder of Additional Pari Notes Debt or in
respect of any Additional ABL Facility, as applicable, incurred by such Grantor after the date of this Agreement in accordance with the terms of all applicable Secured Documents. Each Grantor may effect such designation by delivering to each Pari
Notes Debt Agent and the ABL Agent, each of the following: 
 (i) an Officer’s Certificate stating that
(A) such Grantor intends to incur Additional Pari Notes Debt or enter into an Additional ABL Facility, as applicable, and (B) such Additional Pari Notes Debt or Additional ABL Facility, as applicable, is then permitted by each applicable
Secured Document to be incurred and secured by a Pari Notes Debt Lien, in respect of such Additional Pari Notes Debt, or ABL Liens, in respect of such Additional ABL Facility, 

(ii) if applicable, the Additional Pari Notes Debt Agent, on behalf of itself and the Additional Pari Notes Debt Secured
Parties of the applicable Series must, prior to such designation, sign and deliver a Lien Sharing and Priority Confirmation Joinder, and 

  
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 (iii) if applicable, the ABL Agent in respect of the Additional ABL
Facility, on behalf of itself and the ABL Secured Parties of such Additional ABL Facility must, prior to such designation, sign and deliver a Lien Sharing and Priority Confirmation Joinder. 

(c) Notwithstanding the foregoing, nothing in this Agreement will be construed to permit any Grantor to incur, or prohibit any Grantor
from incurring, additional indebtedness unless otherwise permitted or prohibited, as applicable, by the terms of each applicable Secured Document. 
 (d) Any Series of Additional Pari Notes Debt shall rank equal in right of security with the Notes Debt and any other Series of Additional Pari Notes Debt. Any ABL Debt Obligations in respect of any
Additional ABL Facility shall rank equal in right of security with the ABL Debt Obligations in respect of the ABL Credit Agreement, any ABL Substitute Facility or any other Additional ABL Faciltity, as applicable. 

SECTION 2.11. Modification; No Interference. 
 (a) The ABL Secured Parties may agree to modify the terms (including, amending, restating, amending and restating, supplementing, restructuring, repaying, refinancing, or otherwise modifying) of any of
the ABL Debt Obligations and any ABL Debt Documents and grant extensions of the time of payment or performance to and make compromises (including releases of Liens on the ABL First Lien Collateral or of guaranties) and settlements with any and all
Grantors and all other Persons, in each case, without the consent of the Pari Notes Debt Secured Parties and without affecting agreements of the Pari Notes Debt Secured Parties in this Agreement. If an ABL Secured Party should amend or waive any
provisions of the ABL Debt Documents, whether or not any ABL Secured Party has knowledge that such amendment or waiver would result in a breach of any Pari Notes Debt Documents or an Event of Default under any Pari Notes Debt Documents, or knowledge
of an act, condition or event which with notice or passage of time or both would constitute an Event of Default under any Pari Notes Debt Documents, in no event shall the ABL Secured Parties have any liability to any Pari Notes Debt Secured Parties
as a result of such breach and, without limiting generality of the foregoing, the ABL Secured Parties shall not have any liability for tortious interference with contractual relations or for inducement by the ABL Secured Parties of any Grantor to
breach any contract or otherwise. Nothing contained in this Section 2.11(a) shall limit, impair or waive any right that the Pari Notes Debt Secured Parties have to enforce any of the provisions of the Pari Notes Debt Documents against
any Grantor and the provisions of this Agreement against any ABL Secured Party. 
 (b) The Pari Notes Debt Secured Parties may
agree to modify the terms (including, amending, restating, amending and restating, supplementing, restructuring, repaying, refinancing, or otherwise modifying) of any of their respective Pari Notes Debt Obligations and any Pari Notes Debt Documents
and grant extensions of the time of payment or performance to and make compromises (including releases of Liens on Notes First Lien Collateral or of guaranties) and settlements with any and all Grantors and all other Persons, in each case, without
the consent of the ABL Secured Parties and without affecting the agreements of the ABL Secured Parties in this Agreement. If a Pari Notes Debt Secured Party should amend or waive any provisions of its respective Pari Notes Debt Documents, whether or
not any Pari Notes Debt Secured Party has knowledge that such amendment or waiver would result in a breach of any ABL Debt Documents or an Event of Default under any ABL Debt Documents, or knowledge of an act, condition or event which with notice or
passage of time or both would constitute an Event of Default under any ABL Debt Documents, in no event shall the Pari Notes Debt Secured Parties have any liability to any ABL Secured Party as a result of such breach and, without limiting generality
of the foregoing, the Pari Notes Debt Secured Parties shall not have any liability for tortious 

  
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interference with contractual relations or for inducement by the Pari Notes Debt Secured Parties of any Grantor to breach any contract or otherwise. Nothing contained in this
Section 2.11(b) shall limit, impair or waive any right that the ABL Secured Parties have to enforce any of the provisions of the ABL Debt Documents against any Grantor and the provisions of this Agreement against any Pari Notes Debt
Secured Party. 
 SECTION 2.12. Legends. Each Security Document shall (and, to the extent already in existence, shall be
amended to) include a legend, substantially in the form of Annex I, describing this Agreement. 
 SECTION 2.13. Junior
Secured Obligations Secured Parties Rights as Unsecured Creditors. Notwithstanding the provisions of Sections 2.02, 2.04(a) and 2.06(b), (c) and (d) or otherwise, both before and during an Insolvency
or Liquidation Proceeding, any of the Junior Secured Obligations Secured Parties may take any actions and exercise any and all rights that would be available to a holder of unsecured claims, including, without limitation, the commencement of an
Insolvency or Liquidation Proceeding against any Grantor in accordance with applicable law (including the Bankruptcy Laws of any applicable jurisdiction); provided that, the Junior Secured Obligations Secured Parties may not take any of the
actions prohibited by Section 2.02, clauses (i) through (vii) of Section 2.04(a) or Section 2.06(b), (c), (d) and (e); provided, further, that
in the event that any of the Junior Secured Obligations Secured Parties becomes a judgment lien creditor in respect of any Collateral as a result of its enforcement of its rights as an unsecured creditor with respect to the Junior Secured
Obligations, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the Senior Secured Obligations) as the other Liens securing the Junior Secured Obligations are subject to this Agreement.

 SECTION 2.14. No New Liens. Except as provided in Section 2.06, so long as the Discharge of Senior Secured
Debt Obligations with respect to any Senior Secured Obligation has not occurred, whether or not any Insolvency Proceeding has been commenced by or against any Grantor, the parties hereto agree that the Parent Borrower shall not, and shall not permit
any other Grantor to, grant any Lien on any of its property, or permit any of its Subsidiaries to grant a Lien on any of its property, to secure Junior Secured Obligations unless it, or such Subsidiary, has granted (or offered to grant with a
reasonable opportunity for such Lien to be accepted) a corresponding Lien on such property in favor of the holders of the Senior Secured Obligations with respect to such property; provided, however, notwithstanding the foregoing, the
refusal of any such holder of Senior Secured Obligations to accept a Lien on any property of any Grantor shall not prohibit the taking of a Lien on such property by the holders of Junior Secured Obligations. If any Secured Party shall acquire any
Lien on any property of any Grantor or any of their respective Subsidiaries constituting Junior Secured Obligations Collateral securing any Junior Secured Obligations which property is not also subject to the Lien of the holders of Senior Secured
Obligations with respect to such property, then such holders of Junior Secured Obligations shall, without the need for any further consent of any other Person and notwithstanding anything to the contrary in any other Junior Document (x) hold
and be deemed to have held such Lien and security interest on such property for the benefit of the holders of Senior Secured Obligations with respect to such property as security for the Senior Secured Obligations, or (y) if directed by the
holders of the Senior Secured Obligations with respect to such property constituting Senior Secured Obligations Collateral, take any actions that are necessary to make such Lien subject to this Agreement and provide the benefit of such Lien to the
holders of the Senior Secured Obligations with respect to such property. To the extent any additional Liens are granted on any asset or property pursuant to this Section 2.14, the priority of such additional Liens shall be determined in
accordance with Section 2.01. In addition, to the extent that the foregoing provisions are not complied with for any reason, and without limiting any other rights and remedies available under this Agreement, the ABL Agent, each Pari
Notes Debt Agent and the Secured Parties agree 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 2.14 shall be subject to Section 2.04(b).

  
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 SECTION 2.15. Set-Off and Tracing of and Priorities in Proceeds. Each Pari Notes Debt
Agent, on behalf of the Pari Notes Debt Secured Parties, acknowledges and agrees that, to the extent any Pari Notes Debt Agent or any Pari Notes Debt Secured Party exercises any rights of set-off against any ABL First Lien Collateral, the amount of
such set-off shall be held and distributed pursuant to Section 2.04(b). The ABL Agent, on behalf of the ABL Secured Parties, acknowledges and agrees that, to the extent the ABL Agent or any ABL Secured Party exercises any rights of
set-off against any ABL First Lien Collateral, the amount of such set-off shall be held and distributed pursuant to Section 2.04(b). The ABL Agent, for itself and on behalf of the ABL Secured Parties, and the Pari Notes Debt Agents, for
themselves and on behalf of the Pari Notes Debt Secured Parties, further agree that prior to an issuance of any Enforcement Notice with respect to the Senior Secured Obligations Collateral or the commencement of any Insolvency or Liquidation
Proceeding, any proceeds of Collateral, whether or not deposited under Account Agreements, which are used by any Grantor to acquire other property which is Collateral shall not (solely as between the ABL Agent, the ABL Secured Parties, the Pari
Notes Debt Agents and the Pari Notes Debt Secured Parties) be treated as proceeds of Collateral for purposes of determining the relative priorities in the Collateral which was so acquired. In addition, unless and until the Discharge of Senior
Secured Debt Obligations occurs, the Pari Notes Debt Agents and the Pari Notes Debt Secured Parties each hereby consents to the application, prior to the receipt by the ABL Agent of an Enforcement Notice issued by any Pari Notes Debt Agent, of cash
or other proceeds of Collateral, deposited under Account Agreements to the repayment of ABL Debt Obligations pursuant to the ABL Debt Documents; provided that after the receipt by the ABL Agent of an Enforcement Notice from any Pari Notes Debt
Agent, any identifiable proceeds of Notes First Lien Collateral (whether or not deposited under Account Agreements with the ABL Agent) shall be treated as Notes First Lien Collateral. 

ARTICLE III 
 Gratuitous Bailment for Perfection of Certain Security 
 Interests;
Rights Under Permits and Licenses 
 SECTION 3.01. General. Each of the ABL Agent and each Pari Notes Debt Agent
agrees and acknowledges that if it shall at any time hold a Senior Lien on any Junior Secured Obligations Collateral that can be perfected by the possession or control of such Collateral or of any account in which such Collateral is held, and if
such Collateral or any such account is in fact in the possession or under the control of the Senior Representative, the Senior Representative shall also hold such Collateral as gratuitous bailee for the Junior Representative for the sole purpose of
perfecting the Junior Lien of the Junior Representative on such Collateral. It is agreed that the obligations of the Senior Representative and the rights of the Junior Representative and the other Junior Secured Obligations Secured Parties in
connection with any such bailment arrangement will be in all respects subject to the provisions of Article II. Notwithstanding anything to the contrary herein, the ABL Agent and each Pari Notes Debt Agent will be deemed to make no
representation as to the adequacy of the steps taken by it to perfect the Junior Lien on any such Collateral and shall have no responsibility, duty, obligation or liability to the Junior Representative or other Junior Secured Obligations Secured
Party or any other person for such perfection or failure to perfect, it being understood that the sole purpose of this Article is to enable the Junior Secured Obligations Secured Parties to obtain a perfected Junior Lien in such Collateral to the
extent, if any, that such perfection results from the possession or control of such Collateral or any such account by the ABL Agent or any Pari Notes Debt Agent. Subject to Section 2.06 and to the ABL Agent or any Pari Notes Debt Agent
receiving such indemnifications as shall be required by such ABL Agent or 

  
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any Pari Notes Debt Agent, from and after the associated Discharge of Senior Secured Debt Obligations, the ABL Agent or any Pari Notes Debt Agent shall take all such actions in its power as shall
reasonably be requested by Junior Representative (at the sole cost and expense of the Grantors) to transfer possession of such Collateral in its possession (in each case to the extent the Junior Representative has a Lien on such Collateral after
giving effect to any prior or concurrent releases of Liens) to the Junior Representative (and with respect to any Collateral constituting ABL First Lien Collateral, to each Pari Notes Debt Agent for the benefit of all applicable Junior Secured
Obligations Secured Parties). In furtherance of the foregoing, each Grantor hereby grants a security interest in the Collateral to each ABL Agent and Pari Notes Debt Agent that controls such Collateral for the benefit of all Junior Representatives
which have been granted a Lien on such Collateral controlled by such Senior Representative. 
 SECTION 3.02. Deposit
Accounts. 
 (a) The Grantors, to the extent permitted by the ABL Credit Agreement, may from time to time establish deposit
accounts (the “Deposit Accounts”) with certain depositary banks in which collections from Inventory (as defined in the ABL Credit Agreement) and Accounts (as defined in the ABL Credit Agreement) may be deposited. To the extent that
any such Deposit Account is under the control of the ABL Agent at any time, the ABL Agent will act as agent and gratuitous bailee for each Pari Notes Debt Agent for the purpose of perfecting the Liens of the Pari Notes Debt Secured Parties in such
Deposit Accounts and the cash and other assets therein as provided in Section 2.01 (but will have no duty, responsibility or obligation to the Pari Notes Debt Secured Parties (including, without limitation, any duty, responsibility or
obligation as to the maintenance of such control, the effect of such arrangement or the establishment of such perfection). Unless the Junior Liens on such ABL First Lien Collateral shall have been or concurrently are released, after the occurrence
of any Discharge of Senior Secured Debt Obligations, the ABL Agent shall, to the extent that the same are then under the sole dominion and control of the ABL Agent and that such action is otherwise within the power and authority of the ABL Agent
pursuant to the ABL Debt Documents, at the request of any Pari Notes Debt Agent, cooperate with Grantors and the other Pari Notes Debt Agents (at the expense of the Grantors) in permitting control of any Deposit Accounts to be transferred to the
Controlling Notes Debt Agent (or for other arrangements with respect to each such Deposit Accounts satisfactory to each Pari Notes Debt Agent to be made): 
 (b) The Grantors, the Representatives, the Secured Parties and all other parties hereto agree that only proceeds of the Notes First Lien Collateral may be deposited in the Collateral Proceeds Account and
agree to take all other actions necessary to give effect to the intent of this Section 3.02(b). Without limiting the generality of the foregoing, each Pari Notes Debt Agent hereby agrees, subject to Section 3.02(d), that if
the Collateral Proceeds Account contains any proceeds of the ABL First Lien Collateral, it shall hold such proceeds in trust for the ABL Secured Parties and transfer such proceeds the ABL Secured Parties reasonably promptly after receiving written
notice from the ABL Secured Parties that it has possession of such proceeds in accordance with Section 2.04(b). Each Pari Notes Debt Agent shall give written notice to the ABL Agent identifying the Collateral Proceeds Account.

 (c) Prior to the earliest of (x) an Event of Default that is continuing under the ABL Credit Agreement or (to the extent
the ABL Agent is notified) under the Indenture, (y) the delivery of any Enforcement Notice and (z) an Insolvency or Liquidation Proceeding in respect of the Parent Borrower or any Guarantor, all funds, cash, cash equivalents, collections
and payments deposited in any Deposit Account subject to a control agreement or other similar account constituting ABL First Lien Collateral and then applied to the ABL Debt Obligations shall be treated as ABL First Lien Collateral and, unless the
ABL Agent has received a written notice from the Notes Collateral Agent (A) stating that specifically identifiable cash proceeds arising out of the disposition of Notes First Lien Collateral may be deposited in

  
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an account constituting ABL First Lien Collateral, (B) identifying the amount of such proceeds and specifying the Notes First Lien Collateral’s origin or source and (C) which
written notice is received by the ABL Agent either prior to the receipt by the ABL Agent of such identifiable cash proceeds of Notes First Lien Collateral or at a time when such proceeds are still standing to the credit of the applicable account,
(1) any claim that payments made to the ABL Agent through the Deposit Accounts or securities accounts that are subject to control agreements or otherwise constituting ABL First Lien Collateral are proceeds of or otherwise constitute Notes First
Lien Collateral, are waived, and (2) such proceeds shall not be subject to disgorgement by, or held in trust or otherwise for the benefit of, any Notes Secured Party. 
 (d) Prior to the earliest of (x) an Event of Default that is continuing under the Indenture or (to the extent the Note Collateral Agent is notified) under the ABL Credit Agreement, (y) the
delivery of any Enforcement Notice and (z) an Insolvency or liquidation proceeding in respect of the Parent Borrower or any Guarantor, all funds, cash, cash equivalents, collections and payments deposited in any Deposit Account subject to a
control agreement or other similar account constituting Notes First Lien Collateral and then applied to the Notes Debt shall be treated as Notes First Lien Collateral and, unless the Notes Collateral Agent has received a written notice from the ABL
Agent (i) stating that specifically identifiable cash proceeds arising out of the disposition of ABL First Lien Collateral may be deposited in an account constituting Notes First Lien Collateral, (ii) identifying the amount of such
proceeds and specifying the ABL First Lien Collateral’s origin or source and (iii) which written notice is received by the Notes Collateral Agent either prior to the receipt by the Notes Collateral Agent of such identifiable cash proceeds
of ABL First Lien Collateral or at a time when such proceeds are still standing to the credit of the applicable account, (A) any claim that payments made to the Notes Collateral Agent through the Deposit Accounts or securities accounts that are
subject to control agreements or otherwise constituting Notes First Lien Collateral are proceeds of or otherwise constitute ABL First Lien Collateral, are waived, and (B) such proceeds shall not be subject to disgorgement by, or held in trust
or otherwise for the benefit of, any ABL Secured Party. 
 SECTION 3.03. Rights under Permits and Licenses. 

Each Pari Notes Debt Agent agrees that if the ABL Agent shall require rights available under any permit or license controlled by such
Pari Notes Debt Agent (as certified to such Pari Notes Debt Agent by the ABL Agent, upon which such Pari Notes Debt Agent may rely) in order to realize on any ABL First Lien Collateral, such Pari Notes Debt Agent shall (subject to the terms of the
Pari Notes Debt Documents, including such Pari Notes Debt Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably
requested by the ABL Agent in writing, to make such rights available to the ABL Agent, subject to the Pari Notes Debt Liens. The ABL Agent agrees that if any Pari Notes Debt Agent shall require rights available under any permit or license controlled
by the ABL Agent (as certified to the ABL Agent by such Pari Notes Debt Agent, upon which the ABL Agent may rely) in order to realize on any Notes First Lien Collateral, the ABL Agent shall (subject to the terms of the ABL Debt Documents, including
such ABL Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by such Pari Notes Debt Agent in writing, to
make such rights available to such Pari Notes Debt Agent, subject to the ABL Liens. 

  
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 ARTICLE IV 

Existence and Amounts of Liens and Obligations 
 Whenever a Representative 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 Senior Secured
Obligations (or the existence of any commitment to extend credit that would constitute Senior Secured Obligations) or Junior Secured Obligations (or the existence of any commitment to extend credit that would constitute Junior 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 other Representative or Representatives and shall be entitled to make
such determination on the basis of the information so furnished; provided, however, that if a Representative shall fail or refuse reasonably promptly to provide the requested information, the requesting Representative 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 the Borrower. Each Representative 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 Grantors or any of their Subsidiaries, any
Secured Party or any other person as a result of such determination. 
 ARTICLE V 

Consent of Grantors 
 Each Grantor hereby consents to the provisions of this Agreement and the intercreditor arrangements provided for herein and agrees that the obligations of the Grantors under the Security Documents will in
no way be diminished or otherwise affected by such provisions or arrangements (except as expressly provided herein). 

ARTICLE VI 
 Representations and Warranties 
 SECTION 6.01. Representations and
Warranties of Each Party. Each Grantor hereto represents and warrants to the other parties hereto as follows: 
 (a) Such party is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and has all requisite power and authority to enter into and perform its
obligations under this Agreement. 
 (b) This Agreement has been duly executed and delivered by such party.

 (c) The execution, delivery and performance by such party of this Agreement (i) do not require any
consent or approval of, registration or filing with or any other action by any governmental authority of which the failure to obtain could reasonably be expected to have a Material Adverse Effect (as defined in the ABL Credit Agreement),
(ii) will not violate any applicable law or regulation or any order of any governmental authority or any indenture, agreement or other instrument binding upon such party which could reasonably be expected to have a Material Adverse Effect and
(iii) will not violate the charter, by-laws or other organizational documents of such party. 

  
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 SECTION 6.02. Representations and Warranties of Each Representative. Each of the Pari
Notes Debt Agents and the ABL Agent represents and warrants to the other parties hereto that it is authorized under their respective Pari Notes Debt Documents and the ABL Credit Agreement, as the case may be, to enter into this Agreement.

 ARTICLE VII 
 Miscellaneous 
 SECTION 7.01. 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 fax, as follows: 

 

	 	(a)	if to the Original ABL Agent, to: 

 SunTrust Bank 
 303 Peachtree St., NE 

Atlanta, GA 30308 
 Attention:                      

Fax:                      

 

	 	(b)	if to the Original Notes Collateral Agent, to: 

 Wilmington Trust, National Association 
 1100 N. Market Street 

Wilmington, Delaware 19890 
 Attention: W. Thomas Morris II 
 Fax: (302) 636-4145 

Email: tmorris@wilmingtontrust.com 
  

	 	(c)	if to the Grantors, to: 

Builders FirstSource, Inc., 
 2001 Bryan Street – Suite 1600 
 Dallas, TX 75201 

Attention: General Counsel 
 Attention:                      

Fax:                      

(c) and if to any other Secured Debt Representative, to such address as specified in the Lien Sharing and Priority
Confirmation Joinder. 
 Any party hereto may change its address or fax number for notices and other communications hereunder by notice to the
other parties hereto (and for this purpose a notice to the Borrower shall be deemed to be a written notice to each Grantor). 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 

  
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receipt (if a Business Day) and on the next Business Day thereafter (in all other cases) at the address of such party as provided in this Section 7.01 or in accordance with the latest
unrevoked direction from such party given in accordance with this Section 7.01. As agreed to in writing among the Borrower, on behalf of the Grantors, each Pari Notes Debt Agent and the ABL Agent from time to time, notices and other
communications may also be delivered by e-mail to the e-mail address of a representative of the applicable person provided from time to time by such person. 
 SECTION 7.02. Waivers; Amendment. 
 (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 terminated, waived, amended or modified except pursuant to an agreement or
agreements in writing entered into by each Representative and the Parent Borrower, on behalf of the Grantors (it being understood that the consent of the Parent Borrower to any amendment or modification of this Agreement or any provision thereof
shall only be required to the extent such amendment or modification adversely affects or impairs the rights of the Parent Borrower or any Grantor (including rights hereunder, under the ABL Debt Documents and under the Pari Notes Debt Documents) or
imposes any additional obligation or liability upon the Parent Borrower or any Grantor); provided, however, that this Agreement may be amended from time to time (x) as provided in Section 2.12 and (y) at the sole
request and expense of the Parent Borrower, and without the consent of any Representative, to add, pursuant to the Intercreditor Agreement Joinder, additional Grantors whereupon such Person will be bound by the terms hereof to the same extent as if
it had executed and delivered this Agreement as of the date hereof. Any amendment of this Agreement that is proposed to be effected without the consent of a Representative as permitted by the proviso to the preceding sentence shall be submitted to
such Representative for its review at least 5 Business Days (or such shorter period as shall be acceptable to such Representative) prior to the proposed effectiveness of such amendment; provided that no prior review shall be required for the
joinder of a Grantor pursuant to a joinder in the form of Exhibit A. 
 SECTION 7.03. 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. 
 SECTION 7.04. Survival of Agreement. 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. 
 SECTION 7.05. 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 transmission (or other electronic transmission) shall be as effective as delivery of a manually signed counterpart of this Agreement. 

  
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 SECTION 7.06. 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 7.07. Governing Law; Jurisdiction; Consent to Service of Process. 

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

(b) Each party hereto hereby 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 in New York, New York 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 shall be heard and determined in such New York State or, to the extent permitted by law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may
be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 
 (c) Each party hereto
hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this
Agreement in any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or
proceeding in any such court. 
 (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 7.01. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

SECTION 7.08. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT. EACH PARTY HERETO (a) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (b) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

  
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 SECTION 7.09. Headings. Article, Section and Annex 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 7.10. Conflicts. In the event of any conflict or inconsistency between the provisions of this Agreement and the provisions of any Secured Documents, the provisions of this Agreement shall
control. 
 SECTION 7.11. 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 ABL Secured Parties, on the one hand, and the Pari Notes Debt Secured Parties, on the other hand. None of the Grantors or any other creditor thereof shall have any rights or
obligations hereunder, except as expressly provided in this Agreement (provided that nothing in this Agreement (other than Article I, Sections 2.05, 2.06, 2.09, 2.10 or Article VII) is intended to or
will amend, waive or otherwise modify the provisions of the ABL Debt Documents or the Pari Notes Debt Documents), and no Grantor may rely on the terms hereof (other than Article I, Sections 2.05, 2.06, 2.09, 2.10,
Article IV and Article VII). Nothing in this Agreement is intended to or shall impair the obligations of Grantors, which are absolute and unconditional, to pay the Obligations under the Secured Documents as and when the same shall
become due and payable in accordance with their terms. Notwithstanding anything to the contrary herein or in any Secured Document, the Grantors shall not be required to act or refrain from acting (a) pursuant to this Agreement or any Pari Notes
Debt Document with respect to any ABL First Lien Collateral in any manner that would cause a default under any ABL Debt Document, or (b) pursuant to this Agreement or any ABL Debt Document with respect to any Notes First Lien Collateral in any
manner that would cause a default under any Pari Notes Debt Document. 
 SECTION 7.12. Certain Terms Concerning the ABL Agent
and each Pari Notes Debt Agent; Force Majeure. 
 (a) Neither the ABL Agent nor any Pari Notes Debt Agent shall have any
liability or responsibility for the actions or omissions of any other Secured Party, or for any other Secured Party’s compliance with (or failure to comply with) the terms of this Agreement. Neither the ABL Agent nor any Pari Notes Debt Agent
shall have individual liability to any Person if it shall mistakenly pay over or distribute to any Secured Party (or the Grantors) any amounts in violation of the terms of this Agreement, so long as the ABL Agent or such Pari Notes Debt Agent, as
the case may be, is acting in good faith. Neither the ABL Agent nor any Pari Notes Debt Agent shall be responsible for or liable for any failure or delay in the performance of its obligations under this Agreement arising out of or caused by,
directly or indirectly, forces beyond its reasonable control, including without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and
interruptions, loss or malfunctions of utilities, communications or computer (software or hardware) services. 
 (b) Each of the
Pari Notes Debt Agents and the ABL Agent is executing and delivering this Agreement solely in its capacity as agent and in so doing, neither such Pari Notes Debt Agent nor the ABL Agent shall be responsible for the terms or sufficiency of this
Agreement for any purpose. None of the Pari Notes Debt Agents or the ABL Agent shall have any duties or obligations under or pursuant to this Agreement other than such duties as may be expressly set forth in this Agreement as duties on its part to
be performed or observed. In entering into this Agreement, or in taking (or forbearing from) any action under or pursuant to this Agreement, each Pari Notes Debt Agent and the ABL Agent shall have and be protected by all of the rights, immunities,
indemnities and other protections granted to it under the ABL Debt Documents and the Notes Documents, as applicable. 

  
 -36-

 [Remainder of this page intentionally left blank] 

  
 -37-

 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. 
  

					
	SUNTRUST BANK,
	as Original ABL Agent
		
	By:	 	 /s/ C. Graham Sones

		 	Name:	 	C. Graham Sones
		 	Title:	 	Senior Vice President

 BUILDERS FIRSTSOURCE, INC. 
 ABL INTERCREDITOR AGREEMENT 

 
					
	WILMINGTON TRUST, NATIONAL ASSOCIATION,
	as Notes Collateral Agent
		
	By:	 	 /s/ W. Thomas Morris, II

		 	Name:	 	W. Thomas Morris, II
		 	Title:	 	Vice President

 BUILDERS FIRSTSOURCE, INC. 
 ABL INTERCREDITOR AGREEMENT 

 
					
	BUILDERS FIRSTSOURCE, INC.
		
	By:	 	 /s/ Jeffrey A. Wier

		 	Name:	 	Jeffrey A. Wier
		 	Title:	 	Vice President and Assistant Secretary
	
	 BUILDERS FIRSTSOURCE HOLDINGS, INC.

	 BUILDERS FIRSTSOURCE – DALLAS, LLC

	 BUILDERS FIRSTSOURCE – FLORIDA, LLC

	 BUILDERS FIRSTSOURCE – RALEIGH, LLC

	 BUILDERS FIRSTSOURCE – ATLANTIC GROUP, LLC

	 BUILDERS FIRSTSOURCE – TEXAS GENPAR, LLC

	 BUILDERS FIRSTSOURCE – MBS, LLC

	 BUILDERS FIRSTSOURCE – FLORIDA DESIGN CENTER, LLC

	 BUILDERS FIRSTSOURCE – SOUTHEAST GROUP, LLC

	 BFS TEXAS, LLC

	 BFS IP, LLC

	 BUILDERS FIRSTSOURCE – TEXAS GROUP, L.P.

	 BUILDERS FIRSTSOURCE – SOUTH TEXAS, L.P.

	 BUILDERS FIRSTSOURCE – INTELLECTUAL PROPERTY, L.P.

	 BUILDERS FIRSTSOURCE – TEXAS INSTALLED SALES, L.P.

		
	By:	 	 /s/ Jeffrey A. Wier

		 	Name:	 	Jeffrey A. Wier
		 	Title:	 	Vice President and Assistant Secretary

 BUILDERS FIRSTSOURCE, INC. 
 ABL INTERCREDITOR AGREEMENT 

 ANNEX I 
 Provision for the ABL Credit Agreement, the Indenture and any Additional Pari Notes Debt Facility: 
 Reference is made to the ABL/Bond Intercreditor Agreement, dated as of May 29, 2013, among SunTrust Bank, as ABL Agent (as defined in the ABL/Bond Intercreditor Agreement) for the ABL Secured Parties
referred to therein; Wilmington Trust, National Association, as Notes Collateral Agent (as defined in the ABL/Bond Intercreditor Agreement) for the Notes Secured Parties referred to therein; each Additional Part Notes Debt Agent (as defined in the
ABL/Bond Intercreditor Agreement), for the Pari Notes Debt Secured Parties referred to therein; Builders FirstSource, Inc. and the Subsidiaries of Builders FirstSource, Inc. party thereto (the “ABL/Bond Intercreditor Agreement”).
Each [ABL Lender hereunder] [Notes Holder hereunder] [lender under any Additional Pari Notes Debt] (a) consents to the subordination of Liens provided for in the ABL/Bond Intercreditor Agreement, (b) agrees that it will be bound by, and
will take no actions contrary to, the provisions of the ABL/Bond Intercreditor Agreement and (c) authorizes and instructs the [ABL Agent] [Pari Notes Debt Agent] to enter into the ABL/Bond Intercreditor Agreement as [ABL Agent] [Pari Notes Debt
Agent] on behalf of such [ABL Lender] [Notes Holder]. The foregoing provisions are intended as an inducement to the [ABL Lenders] [Notes Holders] to extend credit to Borrowers or to acquire any notes or other evidence of any debt obligation owing
from the Borrowers and such [ABL Lenders] [Notes Holders] are intended third party beneficiaries of such provisions and the provisions of the ABL/Bond Intercreditor Agreement. 
 Provision for all ABL Security Documents and any Additional Debt Security Documents that Grant a Security Interest in Collateral: 
 Reference is made to the ABL/Bond Intercreditor Agreement, dated as of May 29, 2013, among SunTrust Bank, as ABL Agent (as defined in the ABL/Bond Intercreditor Agreement) for the ABL Secured Parties
referred to therein; Wilmington Trust, National Association, as Notes Collateral Agent (as defined in the ABL/Bond Intercreditor Agreement) for the Notes Secured Parties referred to therein; each Additional Part Notes Debt Agent (as defined in the
ABL/Bond Intercreditor Agreement), for the Pari Notes Debt Secured Parties referred to therein; Builders FirstSource, Inc. and the Subsidiaries of Builders FirstSource, Inc. party thereto (the “ABL/Bond Intercreditor Agreement”).
Each Person that is secured hereunder, by accepting the benefits of the security provided hereby, (i) consents (or is deemed to consent), to the subordination of Liens provided for in the ABL/Bond Intercreditor Agreement, (ii) agrees (or
is deemed to agree) that it will be bound by, and will take no actions contrary to, the provisions of the ABL/Bond Intercreditor Agreement, (iii) authorizes (or is deemed to authorize) the [ABL Agent] [Pari Notes Debt Agent] on behalf of such
Person to enter into, and perform under, the ABL/Bond Intercreditor Agreement and (iv) acknowledges (or is deemed to acknowledge) that a copy of the ABL/Bond Intercreditor Agreement was delivered, or made available, to such Person. 

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 ABL/Bond Intercreditor Agreement and, to the extent provided therein, the applicable Security Documents (as defined in the ABL/Bond Intercreditor Agreement). In the event of any
conflict or inconsistency between the provisions of this Agreement and the ABL/Bond Intercreditor Agreement, the provisions of the ABL/Bond Intercreditor Agreement shall control. 

  
 Ann. I-1

 EXHIBIT A 
 to ABL/Bond Intercreditor Agreement 
 [FORM OF] 

GRANTOR INTERCREDITOR AGREEMENT JOINDER 
 The undersigned,
                                        , a
                        , hereby agrees to become party as a [Grantor] under the (a) ABL/Bond Intercreditor Agreement, dated
as of May 29, 2013, among SunTrust Bank, as ABL Agent for the ABL Secured Parties referred to therein; Wilmington Trust, National Association, as Notes Collateral Agent for the Notes Secured Parties referred to therein; each Additional Pari
Notes Debt Agent for the Pari Notes Debt Secured Parties referred to therein; Builders FirstSource, Inc. and the Subsidiaries of Builders FirstSource, Inc. party thereto (the “ABL/Bond Intercreditor Agreement”); for all purposes
thereof on the terms set forth therein, and to be bound by the terms of the ABL/Bond Intercreditor Agreement as fully as if the undersigned had executed and delivered the ABL/Bond Intercreditor Agreement as of the date thereof. 

The provisions of Article VII of the ABL/Bond Intercreditor Agreement will apply with like effect to this Joinder. 

IN WITNESS WHEREOF, the parties hereto have caused this ABL/Bond Intercreditor Agreement Joinder to be executed by their respective officers or
representatives as of                  , 20    . 
  

			
	[                            
            ]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[Notice Address]

  

			
	ACKNOWLEDGED:
	
	 SUNTRUST BANK,
 as
Original ABL Agent

		
	By:	 	  

		 	Name:
		 	Title:

  
 A-1

			
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,
 as Notes Collateral Agent

		
	By:	 	  

		 	Name:
		 	Title:

  
 A-2

 EXHIBIT B 
 to ABL/Bond Intercreditor Agreement 
 [FORM- OF] 

LIEN SHARING AND PRIORITY CONFIRMATION JOINDER 
 Reference is made to the ABL/Bond Intercreditor Agreement, dated as of May [    ], 2013 (as amended, supplemented, amended and restated or otherwise modified and in effect from time to
time, the “ABL/Bond Intercreditor Agreement”) among SunTrust Bank, as ABL Agent for the ABL Secured Parties referred to therein; Wilmington Trust, National Association, as Notes Collateral Agent for the Notes Secured Parties
referred to therein; each Additional Pari Notes Debt Agent for the Pari Notes Debt Secured Parties referred to therein; Builders FirstSource, Inc. and the Subsidiaries of Builders FirstSource, Inc. party thereto 

Capitalized terms used but not otherwise defined herein shall have meaning set forth in the ABL/Bond Intercreditor Agreement. This Lien Sharing and
Priority Confirmation Joinder is being executed and delivered pursuant to Section 2.10[a][b] of the ABL/Bond Intercreditor Agreement as a condition precedent to the debt for which the undersigned is acting as representative being
entitled to the rights and obligations of being additional secured debt under the ABL/Bond Intercreditor Agreement. 
 1. Joinder. The
undersigned,
[                                        ], a
[                                        ], (the
“New Representative”) as [trustee] [collateral trustee] [administrative agent] [collateral agent] under that certain [described applicable indenture, credit agreement or other document governing the additional secured debt]
hereby: 
 (a) represents that the New Representative has been authorized to become a party to the ABL/Bond
Intercreditor Agreement on behalf of the [ABL Secured Parties under an [ABL Substitute Facility][Additional ABL Facility]] [Notes Secured Parties under the Notes Substitute Facility] [Additional Pari Notes Debt Secured Parties under the Additional
Pari Notes Debt Facility] as [an ABL Agent under an [ABL Substitute Facility][Additional ABL Facility]] [a Notes Collateral Agent under a Notes Substitute Facility] [an Additional Pari Notes Debt Agent under an Additional Pari Notes Debt Facility]
under the ABL/Bond Intercreditor Agreement for all purposes thereof on the terms set forth therein, and to be bound by the terms of the ABL/Bond Intercreditor Agreement as fully as if the undersigned had executed and delivered the ABL/Bond
Intercreditor Agreement as of the date thereof; and 
 (b) agrees that its address for receiving notices pursuant
to the ABL/Bond Intercreditor Agreement shall be as follows: 
 [Address]; 

2. Lien Sharing and Priority Confirmation. 
 [Option A: to be used if Additional Debt constitutes ABL Debt Obligations] The undersigned New Representative, on behalf of itself and each holder of ABL Debt Obligations for
which the undersigned is acting as [collateral agent] hereby agrees, for the benefit of all Secured Parties and each future Representative, and as a condition to being treated as ABL Debt Obligations under the ABL/Bond Intercreditor Agreement, that
the New Representative is bound by the provisions of the ABL/Bond Intercreditor Agreement, including the provisions relating to the ranking of Liens [or] 

  
 B-1

 [Option B: to be used if Additional Debt constitutes a Series of Pari Notes Debt] The
undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the Series of Notes Debt or Additional Pari Notes Debt [that constitutes Notes Substitute Facility] for which the undersigned is acting as [Notes
Collateral Agent] [Pari Notes Debt Agent] hereby agrees, for the benefit of all Secured Parties and each future Secured Debt Representative, and as a condition to being treated as Secured Debt Obligations under the ABL/Bond Intercreditor Agreement,
that: 
 (a) all Pari Notes Debt Obligations will be and are secured equally and ratably, by all Pari Notes Debt
Liens at any time granted by the Grantors or any other Grantor to secure any Obligations in respect of such Series of Notes Debt or Additional Pari Notes Debt, whether or not upon property otherwise constituting Collateral for such Series of Notes
Debt, and that all such Pari Notes Debt Liens will be enforceable by the Pari Notes Debt Agent with respect to such Series of Pari Notes Debt for the benefit of all holders of Pari Notes Debt Obligations equally and ratably; 

(b) the New Representative and each holder of Obligations in respect of the Series of Pari Notes Debt for which the
undersigned is acting as Pari Notes Debt Agent are bound by the provisions of the ABL/Bond Intercreditor Agreement, including the provisions relating to the ranking of Pari Notes Debt Liens and the order of application of proceeds from enforcement
of Pari Notes Debt Liens; and 
 (c) the New Representative and each holder of Obligations in respect of the
Series of Pari Notes Debt for which the undersigned is acting as Pari Notes Debt Agent appoints the Pari Notes Debt Agent and consents to the terms of the ABL/Bond Intercreditor Agreement and the performance by the Pari Notes Collateral Agent of,
and directs the Pari Notes Debt Agent to perform, its obligations under the ABL/Bond Intercreditor Agreement, together with all such powers as are reasonably incidental thereto. 
 3. Governing Law and Miscellaneous Provisions. The provisions of Article 7 of the ABL/Bond Intercreditor Agreement will apply with like effect to this Lien Sharing and Priority Confirmation
Joinder. 
 [signature page follows] 

  
 B-2

 IN WITNESS WHEREOF, the parties hereto have caused this Lien Sharing and Priority Confirmation Joinder to be
executed by their respective officers or representatives as of
                                        ,
20    ]. 
  

					
	[insert name of New Representative]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 The Pari Notes Debt Agent hereby acknowledges receipt of this Lien Sharing and Priority Confirmation Joinder and
agrees to act as Pari Notes Debt Agent for the New Representative and the holders of the Obligations represented thereby: 
  

					
	  
	 	,	 	
	as Pari Notes Debt Agent

 
					
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 The ABL Agent hereby acknowledges receipt of this Lien Sharing and Priority Confirmation Joinder and agrees to act
as ABL Agent for the New Representative and the holders of the Obligations represented thereby: 
  

					
	  
	 	,
	as ABL Agent
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  
 B-3

 SCHEDULE 1 
 to ABL/Bond Intercreditor Agreement 
 SECURITY DOCUMENTS 

PART A. 
 List of ABL Security Documents

  

	1.	Security Agreement, dated as of May 29, 2013, among the Grantors and ABL Agent. 

 

	2.	Trademark Security Agreement, dated as of May 29, 2013, among the Parent Borrower and the ABL Agent. 

 

	3.	And all other security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, collateral agency agreements, control agreements or other
grants or transfers for security in the Collateral executed and delivered by any of the Grantors in favor of the ABL Agent from time to time. 

 PART B. 
 List of Notes Security Documents 

 

	1.	Collateral Agreement, dated as of May 29, 2013, among the Grantors and Notes Collateral Agent. 

 

	2.	Trademark Security Agreement, dated as of May 29, 2013, among Builders FirstSource, Inc. and Notes Collateral Agent. 

 

	3.	And all other security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, collateral agency agreements, control agreements or other
grants or transfers for security in the Collateral executed and delivered by any of the Grantors in favor of any Pari Notes Debt Agent from time to time. 

  
 1-1EX-10.3

 Exhibit 10.3 

 
  

 
 NOTES COLLATERAL AGREEMENT

 Dated as of May 29, 2013 
 by and among 
 THE GRANTORS REFERRED TO HEREIN 

and 
 WILMINGTON
TRUST, NATIONAL ASSOCIATION, 
 as Collateral Agent 

 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	ARTICLE I	  			
	DEFINITIONS	  			
		
	 Section 1.1 Terms Defined in Indenture
	  	 	1	  
	 Section 1.2 Terms Defined in UCC
	  	 	1	  
	 Section 1.3 Terms Generally
	  	 	2	  
	 Section 1.4 Definitions of Certain Terms Used Herein
	  	 	2	  
		
	ARTICLE II	  			
	GRANT OF SECURITY INTEREST	  			
		
	ARTICLE III	  			
	REPRESENTATIONS AND WARRANTIES	  			
		
	 Section 3.1 Title, Perfection and Priority
	  	 	7	  
	 Section 3.2 Type and Jurisdiction of Organization, Organizational and Identification Numbers
	  	 	8	  
	 Section 3.3 Principal Location
	  	 	8	  
	 Section 3.4 Collateral Locations
	  	 	8	  
	 Section 3.5 Reserved
	  	 	9	  
	 Section 3.6 Exact Names
	  	 	9	  
	 Section 3.7 Chattel Paper
	  	 	9	  
	 Section 3.8 Accounts and Chattel Paper
	  	 	9	  
	 Section 3.9 Inventory
	  	 	9	  
	 Section 3.10 Intellectual Property
	  	 	10	  
	 Section 3.11 No Financing Statements or Collateral Agreements
	  	 	10	  
	 Section 3.12 Pledged Collateral
	  	 	10	  
	 Section 3.13 Commercial Tort Claims
	  	 	11	  
	 Section 3.14 Perfection Certificate
	  	 	11	  
		
	ARTICLE IV	  			
	COVENANTS	  			
		
	 Section 4.1 General
	  	 	11	  
	 Section 4.2 Reserved
	  	 	12	  
	 Section 4.3 Delivery of Pledged Collateral
	  	 	12	  
	 Section 4.4 Uncertificated Pledged Collateral
	  	 	12	  
	 Section 4.5 Pledged Collateral
	  	 	13	  
	 Section 4.6 Intellectual Property
	  	 	14	  
	 Section 4.7 Commercial Tort Claims
	  	 	15	  
		
	ARTICLE V	  			
	REMEDIES	  			
		
	 Section 5.1 Remedies
	  	 	15	  
	 Section 5.2 Grantors’ Obligations Upon Default
	  	 	17	  
	 Section 5.3 Grant of Intellectual Property License
	  	 	17	  

  
 -i-

					
	ARTICLE VI	  			
	ACCOUNT VERIFICATION; ATTORNEY IN FACT; PROXY	  			
		
	 Section 6.1 Account Verification
	  	 	18	  
	 Section 6.2 Authorization for Noteholder Secured Party to Take Certain Action
	  	 	18	  
	 Section 6.3 PROXY
	  	 	19	  
	 Section 6.4 NATURE OF APPOINTMENT; LIMITATION OF DUTY
	  	 	19	  
		
	ARTICLE VII	  			
	GENERAL PROVISIONS	  			
		
	 Section 7.1 Waivers
	  	 	20	  
	 Section 7.2 Limitation on Collateral Agent’s and Noteholder Secured Party’s Duty with Respect to the
Collateral
	  	 	20	  
	 Section 7.3 Compromises and Collection of Collateral
	  	 	21	  
	 Section 7.4 Noteholder Secured Party Performance of Debtor Obligations
	  	 	21	  
	 Section 7.5 No Waiver; Amendments; Cumulative Remedies
	  	 	21	  
	 Section 7.6 Limitation by Law; Severability of Provisions
	  	 	22	  
	 Section 7.7 Reinstatement
	  	 	22	  
	 Section 7.8 Benefit of Agreement
	  	 	22	  
	 Section 7.9 Survival of Representations
	  	 	22	  
	 Section 7.10 Taxes and Expenses
	  	 	22	  
	 Section 7.11 Additional Grantors
	  	 	23	  
	 Section 7.12 Headings
	  	 	23	  
	 Section 7.13 Termination or Release
	  	 	23	  
	 Section 7.14 Entire Agreement
	  	 	24	  
	 Section 7.15 Choice of Law; Consent to Jurisdiction; Venue
	  	 	24	  
	 Section 7.16 Indemnity
	  	 	24	  
	 Section 7.17 Counterparts
	  	 	24	  
	 Section 7.18 ABL/Bond Intercreditor Agreement Governs
	  	 	24	  
	 Section 7.19 Delivery of Collateral
	  	 	25	  
	 Section 7.20 Mortgages
	  	 	25	  
		
	ARTICLE VIII	  			
	NOTICES	  			
		
	 Section 8.1 Sending Notices
	  	 	25	  
	 Section 8.2 Change in Address for Notices
	  	 	25	  
		
	ARTICLE IX	  			
	THE COLLATERAL AGENT	  			

  
 -ii-

 EXHIBITS: 
  

			
	Exhibit A	  	Form of Perfection Certificate
	Exhibit B	  	Form of Joinder
	Exhibit C	  	Forms of Short Form Intellectual Property Collateral Agreements
	Exhibit D	  	Form of Supplement to Collateral Agreement

  
 -iii-

 NOTES COLLATERAL AGREEMENT 

This NOTES COLLATERAL AGREEMENT (this “Collateral Agreement”) is entered into as of May 29, 2013, by and among
BUILDERS FIRSTSOURCE, INC., a Delaware corporation (the “Parent Grantor”), certain Subsidiaries of the Parent Grantor from time to time party hereto (each a “Subsidiary Grantor”, and together with the Parent
Grantor, the “Grantors”) and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, in its capacity as collateral agent for the Noteholder Secured Parties (in such capacity, together with its successors in
such capacity, the “Collateral Agent”). For purposes of this Collateral Agreement, the Parent Grantor is referred to as the “Issuer,” and the Subsidiary Grantors are referred to as “Guarantors.”

 PRELIMINARY STATEMENTS 
 WHEREAS, pursuant to that certain Indenture, dated as of May 29, 2013 (as amended, restated, supplemented or otherwise modified from time to time, the “Indenture”), by and
among the Issuer, the Guarantors and Wilmington Trust, National Association, as trustee (the “Trustee”) and the Collateral Agent, the Issuer agreed to issue notes, and the Issuer, the Guarantors and the Trustee agreed to enter into
the Indenture for the benefit of each other and for the equal and ratable benefit of the holders of the notes; 

WHEREAS, the Issuer is willing to secure its obligations under the Indenture and the Notes by granting Liens on substantially all
of its assets to the Collateral Agent, for the benefit of the holders of the Notes as provided herein and the other Collateral Documents; 
 WHEREAS, the Issuer is willing to cause each of its Subsidiaries that execute the Indenture to (i) guarantee the foregoing obligations of the Issuer and (ii) secure such guarantee thereof
by granting Liens on substantially all of the assets of such Subsidiary Grantors to the Collateral Agent, for the benefit of the holders of the Notes, as provided herein and the other Collateral Documents; 

WHEREAS, it is a condition precedent to the issuance of the Notes that (i) the foregoing obligations of the Issuer be secured
and guaranteed as described above and (ii) each guarantee thereof be secured by Liens on substantially all of the assets and relevant Grantors as provided herein and in the other Collateral Documents; and 

WHEREAS, upon any foreclosure or other enforcement of the Collateral Documents, certain net proceeds of, or other collections on,
the relevant Collateral are, subject to the terms of the ABL/Bond Intercreditor Agreement, to be received by or paid over to the Collateral Agent and applied as provided herein; 

ACCORDINGLY, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS 

Section 1.1 Terms Defined in Indenture. All capitalized terms used herein (including terms used in the preamble and
preliminary statements) and not otherwise defined herein shall have the meanings assigned to such terms in the Indenture. 

Section 1.2 Terms Defined in UCC. Terms defined in the UCC that are not otherwise defined in this Collateral Agreement or the
Indenture are used herein as defined in the UCC (and if defined in more than one article of the UCC, the terms shall have the meaning specified in Article 9 thereof). 

 Section 1.3 Terms Generally. The rules of construction and other interpretive
provisions specified in Section 1.03 of the Indenture shall apply to this Collateral Agreement, including terms defined in the preamble and preliminary statements hereto. 

Section 1.4 Definitions of Certain Terms Used Herein. As used in this Collateral Agreement, in addition to the terms defined
in the preamble and preliminary statements above, the following terms shall have the following meanings: 
 “ABL
Administrative Agent” shall mean “ABL Administrative Agent” as such term is defined in the Indenture. 

“ABL Facility Collateral” shall mean “ABL Facility Collateral” as such term is defined in the ABL-Notes
Increditor Agreement. 
 “ABL Security Documents” shall mean “Security Documents” as such term is
defined in the ABL-Notes Intercreditor Agreement. 
 “Account” shall have the meaning set forth in
Article 9 of the UCC. 
 “Account Debtor” shall mean any Person obligated on an Account. 

“After-acquired Debt” shall have the meaning set forth in the definition of Pledged Collateral. 

“After-acquired Shares” shall have the meaning set forth in the definition of Pledged Collateral. 

“Article” shall mean a numbered article of this Collateral Agreement, unless another document is specifically
referenced. 
 “As-Extracted Collateral” shall have the meaning set forth in Article 9 of the UCC. 

“Cash Collateral Account” shall mean a special trust account consisting of cash maintained by the Collateral Agent in
the name of a Grantor, but under the sole dominion and control of the Collateral Agent, for the benefit of itself as Collateral Agent and for the benefit of the other Noteholder Secured Parties. 

“Chattel Paper” shall have the meaning set forth in Article 9 of the UCC. 

“Collateral” shall have the meaning set forth in Article II. 

“Collateral Report” shall mean any certificate (including any Borrowing Base Certificate), report or other document
delivered by any Grantor to the ABL Administrative Agent (or any Successor ABL Collateral Agent with respect to the Collateral pursuant to any Credit Facility and identified as a “Collateral Report.” 

“Commercial Tort Claim” shall have the meaning set forth in Article 9 of the UCC. 

  
 -2-

 “Control” shall have the meaning set forth in Article 8 of the UCC or,
if applicable, in Section 9-104, 9-105, 9-106 or 9-107 of Article 9 of the UCC. 
 “Copyrights” shall
mean, with respect to any Grantor, all of such Grantor’s right, title, and interest in and to the following: (a) all copyrights, rights and interests in copyrights, works protectable by copyright, copyright registrations, and copyright
applications; (b) all renewals of any of the foregoing; (c) all income, royalties, damages, and payments now or hereafter due and/or payable under any of the foregoing, including, without limitation, damages or payments for past or future
infringements for any of the foregoing; (d) the right to sue for past, present, and future infringements of any of the foregoing; and (e) all rights corresponding to any of the foregoing throughout the world. 

“Credit Facilities” shall mean “Credit Facilities” as such term is defined in the Indenture. 

“Deposit Account” shall have the meaning set forth in Article 9 of the UCC. 

“Document” shall have the meaning set forth in Article 9 of the UCC. 

“Electronic Chattel Paper” shall have the meaning set forth in Article 9 of the UCC. 

“Equipment” shall have the meaning set forth in Article 9 of the UCC. 

“Excluded Collateral” shall mean (i) any governmental licenses or state or local franchises, charters or
authorizations, to the extent a security interest in any such licenses, franchise, charter or authorization would be prohibited or restricted thereby (including any legally effective prohibition or restriction), (ii) pledges and security
interests prohibited by applicable law, rule or regulation (including any legally effective requirement to obtain the consent of any governmental authority), (iii) margin stock and, to the extent prohibited by the terms of any applicable
organizational documents, joint venture agreement or shareholders’ agreement, equity interests in any person other than wholly-owned restricted subsidiaries, (iv) assets to the extent a security interest in such assets would result in
material adverse tax consequences as reasonably determined by the Issuer in consultation with the ABL Administrative Agent, (v) any intent-to-use trademark application prior to the filing of a “Statement of Use” or “Amendment to
Allege Use” with respect thereto, (vi) any lease, license or other 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 or similar arrangement or create a right of termination in favor of any other party thereto (other than the Issuer or its Subsidiaries) after giving effect to the applicable
anti-assignment provisions of the UCC or other similar applicable law, other than proceeds and receivables thereof, the assignment of which is expressly deemed effective under the UCC or other similar applicable law notwithstanding such prohibition,
(vii) any Excluded Real Property, (viii) any rolling stock and (ix) Excluded Accounts. 
 “Excluded
Equity Interests” shall mean (a) any of the outstanding voting Equity Interests or other voting ownership interests of any Excluded CFC or FSHCO in excess of 65% of all the Equity Interests or other voting ownership interests of such
Excluded CFC or FSHCO designated as having voting power, (b) any equity or other voting ownership interests in any Subsidiary that is not a first tier Subsidiary of the Issuer or a Guarantor, (c) any Equity Interests to the extent the
pledge thereof would be prohibited or limited by any applicable law, rule or regulation existing on the Issue Date or on the date such Equity Interests are acquired by the Issuer or a Guarantor or on the date the issuer of such Equity Interests is
created, (d) the Equity Interests of a Subsidiary (other than a Wholly-Owned Subsidiary) the pledge of which would violate a contractual obligation to the owners of the other Equity Interests of such Subsidiary (other than any such owners that
are the Issuer or Affiliates of the Issuer) that is binding on or relating to such Equity Interests and (e) the Equity Interests of any Unrestricted Subsidiaries. 

  
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 “Exhibit” refers to a specific exhibit to this Collateral Agreement, unless
another document is specifically referenced. 
 “Fixture” shall have the meaning set forth in Article 9 of
the UCC. 
 “General Intangible” shall have the meaning set forth in Article 9 of the UCC. 

“Goods” shall have the meaning set forth in Article 9 of the UCC. 

“Grantors” shall have the meaning assigned to it in the preamble hereto. 

“Instrument” shall have the meaning set forth in Article 9 of the UCC. 

“Intellectual Property” shall mean, with respect to any Grantor, all intellectual and similar property of every kind and
nature now owned or hereafter acquired by such Grantor, including Patents, Copyrights, Trademarks and all related documentation and registrations and all additions, improvements or accessions to any of the foregoing. 

“Inventory” shall have the meaning set forth in Article 9 of the UCC and shall include, without limitation,
(a) all goods intended for sale or lease or for display or demonstration, (b) all work in process, and (c) all raw materials and other materials and supplies of every nature and description used or which might be used in connection
with the manufacture, packing, shipping, advertising, selling, leasing or furnishing of goods or services or otherwise used or consumed in the conduct of business. 
 “Investment Property” shall have the meaning set forth in Article 9 of the UCC. 
 “Joinder” shall mean a Joinder substantially in the form of Exhibit B hereto. 
 “Letter-of-Credit Right” shall have the meaning set forth in Article 9 of the UCC. 
 “Licenses” shall mean, with respect to any Grantor, all of such Grantor’s right, title, and interest in and to (a) any and all written licensing agreements or similar
arrangements in and to its owned (1) Patents, (2) Copyrights, or (3) Trademarks, (b) all income, royalties, damages, claims, and payments now or hereafter due or payable under and with respect thereto, including, without
limitation, damages and payments for past and future breaches thereof, and (c) all rights to sue for past, present, and future breaches thereof. 
 “Material Adverse Effect” shall have the meaning set forth in any ABL Security Document. 
 “Patents” shall mean, with respect to any Grantor, all of such Grantor’s right, title, and interest in and to: (a) any and all patents and patent applications; (b) all
inventions and improvements described and claimed therein; (c) all reissues, divisions, continuations, renewals, extensions, and continuations-in-part thereof; (d) all income, royalties, damages, claims, and payments now or hereafter due
or payable under and with respect thereto, including, without limitation, damages and payments for past and future infringements thereof; (e) all rights to sue for past, present, and future infringements thereof; and (f) all rights
corresponding to any of the foregoing throughout the world. 

  
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 “Perfection Certificate” shall mean a certificate substantially in the form
of Exhibit A completed and duly executed by a Responsible Officer of the Issuer. 
 “Pledged
Collateral” shall mean collectively, (a) all of the Equity Interests of Restricted Subsidiaries that are Material Subsidiaries (other than Excluded Equity Interests) held by the Grantors, including such Equity Interests described in
Section II-A.1 in the Perfection Certificate issued by the entities named therein and all other Equity Interests required to be pledged by any Grantor under Section 4.15 of the Indenture (the “After-acquired
Shares”) and (b) each promissory note (including the Intercompany Note), Tangible Chattel Paper and Instrument evidencing Indebtedness in excess of $1,000,000 (individually) owed to any Grantor (other than such promissory notes,
Tangible Chattel Paper and Instruments that are Excluded Collateral) described in Section II-A.4 in the Perfection Certificate and issued by the entities named therein and all other Indebtedness owed to any Grantor hereafter and required to
be pledged by any Grantor pursuant to Section 4.17 of the Indenture (the “After-acquired Debt”), in each case as such Section may be amended pursuant to Article IX of the Indenture. 

“Pledge Supplement” means a Supplement to Collateral Agreement substantially in the form of Exhibit B completed
and duly executed by a Responsible Officer of the applicable Grantor. 
 “Receivables” shall mean the Accounts,
Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money that are General Intangibles or that are otherwise included as Collateral. 

“Section” shall mean a numbered section of this Collateral Agreement, unless another document is specifically
referenced. 
 “Secured Obligations” shall mean “Obligations” as such term is defined in the
Indenture. 
 “Security” shall have the meaning set forth in Article 8 of the UCC. 

“Stock Rights” shall mean all dividends, instruments or other distributions and any other right or property which any
Grantor shall receive or shall become entitled to receive for any reason whatsoever with respect to, in substitution for or in exchange for any Equity Interest constituting Collateral, any right to receive an Equity Interest constituting Collateral
and any right to receive earnings, in which such Grantor now has or hereafter acquires any right, issued by an issuer of such Equity Interest. 
 “Subsidiary Parties” shall mean each Material Subsidiary that becomes a party to this Collateral Agreement as a Grantor after the date hereof in accordance with Section 7.11
herein and Section 4.17 of the Indenture. 
 “Supporting Obligation” shall have the meaning set
forth in Article 9 of the UCC. 
 “Tangible Chattel Paper” shall have the meaning set forth in
Article 9 of the UCC. 
 “Termination Date” shall mean the date on which all Secured Obligations are
indefeasibly paid in full in cash (other than obligations under Designated Hedge Agreements (as defined in the ABL Credit Agreement or any similar term as defined in any Credit Facility), Cash Management Agreements (as defined in the ABL Credit
Agreement or any similar term as defined in any Credit Facility) and any contingent or inchoate obligations not then due and payable). 

  
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 “Trademarks” shall mean, with respect to any Grantor, all of such
Grantor’s right, title, and interest in and to the following: (a) all trademarks (including service marks), trade names, trade dress, and trade styles and the registrations and applications for registration thereof and the goodwill of the
business symbolized by the foregoing; (b) all renewals of the foregoing; (c) all income, royalties, damages, and payments now or hereafter due or payable with respect thereto, including, without limitation, damages, claims, and payments
for past and future infringements thereof; (d) all rights to sue for past, present, and future infringements of the foregoing, including the right to settle suits involving claims and demands for royalties owing; and (e) all rights
corresponding to any of the foregoing throughout the world. 
 “UCC” shall mean the Uniform Commercial Code as
in effect from time to time in the State of New York. 
 “Vehicles” shall mean all vehicles covered by a
certificate to title law of any state and all tires and other appurtenances to any of the foregoing. 
 ARTICLE II

 GRANT OF SECURITY INTEREST 
 Each Grantor hereby pledges, assigns and grants to the Collateral Agent, on behalf of and for the benefit of the Noteholder Secured Parties, and to secure the prompt and complete payment and performance
of all Secured Obligations, a security interest in all of its right, title and interest in, to and under all of the following property and other assets, whether now owned by or owing to, or hereafter acquired by or arising in favor of, such Grantor
(including under any trade name or derivations thereof), and regardless of where located (all of which are collectively referred to as the “Collateral”): 

(a) all Accounts; 
 (b) all Chattel Paper (including Electronic Chattel Paper and Tangible Chattel Paper); 
 (c) all Intellectual Property; 
 (d) all Documents; 

(e) all Equipment; 
 (f) all Fixtures; 
 (g) all General Intangibles; 

(h) all Goods; 
 (i) all Instruments; 
 (j) all Inventory; 

(k) all Investment Property; 
 (l) all Pledged Collateral 
 (m) all Letter-of-Credit Rights and
Supporting Obligations; 
 (n) all Deposit Accounts; 

  
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 (o) all Vehicles; 

(p) all Commercial Tort Claims as specified from time to time identified in Section II.E in the Perfection
Certificate (as the same may be updated from time to time in accordance with the terms hereof); 
 (q) all cash
or other property deposited with the Collateral Agent or any Noteholder Secured Party or any Affiliate of the Collateral Agent or any Noteholder Secured Party or which the Collateral Agent, for its benefit and for the benefit of the other Noteholder
Secured Parties, or any Noteholder Secured Party or such Affiliate is entitled to retain or otherwise possess as collateral pursuant to the provisions of this Collateral Agreement or the Indenture, including amounts on deposit in any Cash Collateral
Account; 
 (r) all books, records, files, correspondence, computer programs, tapes, disks and related data
processing software which contain information identifying or pertaining to any of the foregoing or any Account Debtor or showing the amounts thereof or payments thereon or otherwise necessary or helpful in the realization thereon or the collection
thereof; 
 (s) As-Extracted Collateral; and 

(t) any and all accessions to, substitutions for and replacements, products and cash and non-cash proceeds (including
Stock Rights) of the foregoing (including any claims to any items referred to in this definition and any claims against third parties for loss of, damage to or destruction of any or all of the Collateral or for proceeds payable under or unearned
premiums with respect to policies of insurance) in whatever form, including cash, negotiable instruments and other instruments for the payment of money, Chattel Paper, collateral agreements and other documents. 

Notwithstanding the foregoing or anything herein to the contrary, in no event shall the “Collateral” include or the security
interest attach to any Excluded Collateral. In addition, notwithstanding anything to the contrary set forth herein or in the other Notes Documents, no Grantor shall be obligated to take any action to perfect (or assist the Collateral Agent or the
ABL Administrative Agent in perfecting) any security interest granted hereunder in Vehicles or other Collateral subject to certificates of title. 
 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES 

The Grantors, jointly and severally, represent and warrant to the Collateral Agent, for the benefit of the Noteholder Secured Parties,
subject to the terms of the ABL/Bond Intercreditor Agreement, that: 
 Section 3.1 Title, Perfection and Priority.

 (a) Each Grantor has good and valid rights in, or the power to transfer, the Collateral in which it has purported to grant a
security interest hereunder, free and clear of all Liens except for Liens permitted under Section 4.1(d), and has full power and authority to grant to the Collateral Agent the security interest in such Collateral pursuant hereto. This
Collateral Agreement creates in favor of the Collateral Agent, for the benefit of the Noteholder Secured Parties, a valid security interest in the Collateral granted by each Grantor. No consent or approval of, registration or filing with, or any
other action by any Governmental Authority is required for the grant of the security interest pursuant to this Collateral Agreement, except (i) such as have been obtained or made and are in full force and effect and (ii) for filings
necessary to perfect Liens created pursuant to the Notes Documents and required to be perfected thereunder. 

  
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 (b) Subject to the limitations set forth in clause (c) of this
Section 3.1 and the final sentence of Article II hereof, the security interests granted pursuant to this Collateral Agreement (i) will constitute valid perfected security interests in the Collateral in favor of the Collateral
Agent, on behalf of and for the benefit of the Noteholder Secured Parties, to secure the prompt and complete payment and performance of all Secured Obligations, upon (A) in the case of Collateral in which a security interest may be perfected by
filing a financing statement under the Uniform Commercial Code of any jurisdiction, the filing of financing statements naming each Grantor as “debtor” and the Collateral Agent as “secured party” and describing the Collateral in
the applicable filing offices set forth in the Perfection Certificate, (B) in the case of Instruments, Tangible Chattel Paper and certificated Securities, the earlier of the delivery thereof to the Collateral Agent (or its non-fiduciary
Collateral Agent or designee) and the filing of the financing statements referred to in clause (A), (C) in the case of Collateral constituting Intellectual Property, the filing of the financing statements referred to in clause
(A) and the completion of the filing and recording of fully executed agreements substantially in the form of the Intellectual Property Collateral Agreement set forth in Exhibit C hereto (x) in the United States Patent and
Trademark Office or (y) in the United States Copyright Office, as applicable, and/or (D) in the case of Deposit Accounts, upon the entering into deposit account control agreement in accordance with the terms of the ABL Credit Agreement and
(ii) are prior to all other Liens on the Collateral other than Liens permitted under Section 4.1(d) having priority over the Collateral Agent’s Lien either by operation of law or otherwise, including pursuant to the ABL/Bond
Intercreditor Agreement. 
 (c) Notwithstanding anything to the contrary herein, no Grantor shall be required to perfect the
security interests created hereby by any means other than (i) filings pursuant to the UCC, (ii) filings with United States’ governmental offices with respect to Intellectual Property, (iii) in the case of the Collateral that
constitutes Tangible Chattel Paper, Instruments or certificated Securities, in each case, to the extent included in Collateral and which Collateral constitutes Pledged Collateral and is required to be pledged by Section 4.3 herein and
other than checks received in the ordinary course of business, delivery to the Collateral Agent to be held in its possession in the United States and (iv) in the case of Collateral that consists of Commercial Tort Claims, taking the actions
specified in Section 4.7. No Grantor shall be required to take any actions under any laws outside of the United States to grant, perfect or provide for the enforcement of any security interest. 

Section 3.2 Type and Jurisdiction of Organization, Organizational and Identification Numbers. The type of entity of each
Grantor, its jurisdiction of organization, the organizational number issued to it by its jurisdiction of organization and its federal employer identification number, in each case as of the date hereof, are set forth in Section I.A. of the
Perfection Certificate. 
 Section 3.3 Principal Location. Each Grantor’s mailing address and the location of
its chief executive office, in each case as of the date hereof, is disclosed in Section I.B. of the Perfection Certificate. 
 Section 3.4 Collateral Locations. Each location where Collateral with a value in excess of $500,000 is located as of the date hereof (except for Inventory in transit and Inventory in an
aggregate amount not exceeding $500,000) is listed in the Perfection Certificate in Section II.D.1. All of said locations are owned by a Grantor except for locations (i) that are leased by a Grantor as lessee and designated in the
Perfection Certificate and (ii) at which Inventory is held in a public warehouse or is otherwise held by a bailee or on consignment as designated in Section II.C. of the Perfection Certificate. 

  
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 Section 3.5 Reserved. 

Section 3.6 Exact Names. As of the date hereof, the name in which each Grantor has executed this Collateral Agreement is the
exact name as it appears in such Grantor’s organizational documents, as amended, as filed with such Grantor’s jurisdiction of organization. No Grantor has, during the past five years prior to the date hereof, been known by or used any
other corporate, trade or fictitious name, or been a party to any merger or consolidation, except as disclosed in Sections I.D, I.E and I.G of the Perfection Certificate. 

Section 3.7 Chattel Paper. Section II.A.4 in the Perfection Certificate lists all Tangible Chattel Paper with a stated
amount in excess of $1,000,000 of each Grantor as of the date hereof. 
 Section 3.8 Accounts and Chattel Paper.

 (a) The names of the obligors, amounts owing, due dates and other information with respect to each Grantor’s Accounts and
Chattel Paper that are Collateral have been correctly stated in all material respects, at the time furnished, in the records of such Grantor relating thereto and in all invoices and each Collateral Report, to the extent contained therein, with
respect thereto furnished to the ABL Administrative Agent or any Successor ABL Collateral Agent by such Grantor from time to time. 
 (b) With respect to Accounts of the Grantors, except as specifically disclosed on the most recent Collateral Report, (i) all such Accounts represent bona fide sales of Inventory or rendering of
services to Account Debtors in the ordinary course of the applicable Grantor’s business and are not evidenced by a judgment (except as would not have a Material Adverse Effect, Instrument or Chattel Paper; (ii) there are no setoffs, claims
or disputes existing or asserted in writing with respect thereto and no Grantor has made any agreement with any Account Debtor for any extension of time for the payment thereof, any compromise or settlement for less than the full amount thereof, any
release of any Account Debtor from liability therefor, or any deduction therefrom except a discount or allowance allowed by a Grantor in the ordinary course of its business for prompt payment and disclosed to the ABL Administrative Agent, in each
case except as would not reasonably be expected to have a Material Adverse Effect; (iii) there are no facts, events or occurrences that in any way impair the validity or enforceability thereof or could reasonably be expected to reduce the
amount payable thereunder as shown on such Grantor’s books and records and any invoices, statements and the most recent Collateral Report with respect thereto except as would not reasonably be expected to have a Material Adverse Effect;
(iv) no Grantor has received any notice of proceedings or actions that are threatened or pending against any Account Debtor that might result in any material adverse change in such Account Debtor’s financial condition except as would not
reasonably be expected to have a Material Adverse Effect; and (v) no Grantor has knowledge that any Account Debtor is unable generally to pay its debts as they become due except as would not reasonably be expected to have a Material Adverse
Effect. 
 (c) In addition, with respect to all Accounts of the Grantors, except as specifically disclosed on the most recent
Collateral Report, the amounts shown on all invoices, statements and the most recent Collateral Report with respect thereto are actually and absolutely owing to a Grantor as indicated thereon and are not in any way contingent except as would not
reasonably be expected to have a Material Adverse Effect. 
 Section 3.9 Inventory. With respect to any Inventory of
the Grantors and that is scheduled or listed on the most recent Collateral Report, (a) such Inventory (other than Inventory in transit and Inventory in an aggregate amount not exceeding $500,000) is located at one of the Grantors’
locations set forth in Section II.D.1. of the Perfection Certificate, (b) the Grantors have good, indefeasible 

  
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and merchantable title to such Inventory and such Inventory is not subject to any Lien or security interest or document whatsoever except for the Lien granted to the Collateral Agent, for the
benefit of the Noteholder Secured Parties, and except for Permitted Liens (as defined in the Indenture), (c) such Inventory is not subject to any licensing, patent, royalty, trademark, trade name or copyright agreement with any third party
that, to such Grantor’s knowledge, would, upon sale or other disposition of such Inventory by the Collateral Agent in accordance with the terms hereof, infringe the rights of such third-party, violate any contract with such third-party, or
cause the Collateral Agent to incur any liability with respect to payment of royalties other than royalties incurred pursuant to sale of such Inventory under the current licensing agreement related thereto, (d) to such Grantor’s knowledge,
such Inventory has been produced in accordance with the Federal Fair Labor Standards Act of 1938, as amended, and all rules, regulations and orders thereunder and (e) to such Grantor’s knowledge, the completion of manufacture, sale or
other disposition of such Inventory by the Collateral Agent following an Event of Default shall not require the consent of any Person and shall not constitute a breach or default under any contract or agreement to which any Grantor is a party or to
which such Inventory is subject. 
 Section 3.10 Intellectual Property. As of the date hereof, no Grantor has any
interest in, or title to, any United States federal registered or applied for Patent, Trademark or Copyright except as set forth in Section II.B. of the Perfection Certificate. 

Section 3.11 No Financing Statements or Collateral Agreements. As of the date hereof, no Grantor has filed or consented to
the filing of any financing statement or collateral agreement naming a Grantor as debtor and describing all or any portion of the Collateral that has not lapsed or been terminated except (a) for financing statements or collateral agreements
naming the Collateral Agent, on behalf of the Noteholder Secured Parties, as the secured party and (b) as permitted by Sections 4.1(e) and 4.1(f). 
 Section 3.12 Pledged Collateral. 
 (a) Section II.A.1 and
Section II.A.4 in the Perfection Certificate sets forth a complete and accurate list, as of the date hereof, of all of the Pledged Collateral and, with respect to any Pledged Collateral constituting any Equity Interest, the percentage of the
total issued and outstanding Equity Interests of the issuer represented thereby. As of the date hereof, each Grantor is the legal and beneficial owner of the Pledged Collateral listed in Section II.A.1 in the Perfection Certificate as being
owned by it, free and clear of any Liens, except for the security interest granted to the Collateral Agent, for the benefit of the Noteholder Secured Parties, hereunder and Permitted Liens (as defined in the Indenture). Each Grantor further
represents and warrants that, as of the date hereof, (i) all Pledged Collateral constituting an Equity Interest has been (to the extent such concepts are relevant with respect to such Pledged Collateral) duly authorized and validly issued by
the issuer thereof and are fully paid and non-assessable, (ii) with respect to any certificates delivered to the Collateral Agent (or its non-fiduciary agent or designee) representing an Equity Interest, either such certificates are Securities
as defined in Article 8 of the UCC as a result of actions by the issuer or otherwise, or, if such certificates are not Securities, such Grantors has so informed the Collateral Agent and has taken such steps to perfect the Collateral
Agent’s security interest therein as a General Intangible and (iii) to its knowledge, any Pledged Collateral that represents Indebtedness owed to any Grantor has been duly authorized, authenticated or issued and delivered by the issuer of
such Indebtedness, is the legal, valid and binding obligation of such issuer and such issuer is not in default thereunder. 

(b) As of the date hereof, (i) none of the Pledged Collateral has been issued or transferred in violation of the securities
registration, securities disclosure or similar laws of any jurisdiction to which such issuance or transfer may be subject and (ii) 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 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. 

  
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 (c) Except as set forth in Section II.A.1 and Section II.A.4 of the Perfection
Certificate, as of the date hereof, and except for any Indebtedness represented by the Intercompany Note, none of the Pledged Collateral which represents Indebtedness owed to a Grantor is subordinated in right of payment to other Indebtedness or
subject to the terms of an indenture, subject to the terms of the ABL/Bond Intercreditor Agreement. 
 Section 3.13
Commercial Tort Claims. As of the date hereof, no Grantor holds any Commercial Tort Claims having a value in excess of $1,000,000 for which such Grantor has filed a complaint in a court of competent jurisdiction other than Commercial Tort
Claims described in Section II.E of the Perfection Certificate. 
 Section 3.14 Perfection Certificate. The
Perfection Certificate has been duly prepared, completed and executed and the information set forth therein is correct and complete in all material respects as of the date thereof. 

ARTICLE IV 

COVENANTS 

From the date hereof, and thereafter until the Termination Date, each Grantor agrees that: 

Section 4.1 General. 
 (a) Authorization to File Financing Statements; Ratification. Each Grantor hereby authorizes the Collateral Agent to file, and if requested will deliver to the Collateral Agent, all financing
statements and other documents and take such other actions as may from time to time be requested by the Collateral Agent in order to maintain a perfected security interest in and, if applicable, Control of, the Collateral to the extent required by
Section 3.1. Any financing statement filed by the Collateral Agent may be filed in any filing office in any applicable Uniform Commercial Code jurisdiction and may (i) describe the Collateral in the same manner as described herein
or may contain an indication or description of collateral that describes such property in any other manner such as “all assets” or “all personal property, whether now owned or hereafter acquired” of such Grantor or words of
similar effect as being of an equal or lesser scope or with greater detail, and (ii) contain any other information required by part 5 of Article 9 of the UCC for the sufficiency or filing office acceptance of any financing statement or
amendment, including (A) whether such Grantor is an organization, the type of organization and any organization identification number issued to such Grantor and (B) in the case of a financing statement filed as a fixture filing, a
sufficient description of real property to which the Collateral relates. Each Grantor also agrees to furnish any such information to the Collateral Agent promptly upon request. Each Grantor also ratifies its authorization for the Collateral Agent to
have filed in any Uniform Commercial Code jurisdiction any initial financing statements or amendments thereto if filed prior to the date hereof. 
 (b) Further Assurances. Each Grantor will (i) in accordance with Section 4.17 of the Indenture, take such actions as required under applicable law or as the Collateral Agent
reasonably requests to evidence or perfect its Lien on any Collateral, or otherwise to give effect to the intent of this Collateral Agreement and (ii) defend the security interests created hereby and priority thereof against the claims and
demands not expressly permitted by the Notes Documents, including the ABL/Bond Intercreditor Agreement, of all Persons whomsoever. 

  
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 (c) Disposition of Collateral. No Grantor will sell, lease, transfer or otherwise
dispose of the Collateral except for sales, leases, transfers and other dispositions permitted under Section 4.10 and Section 5.01 of the Indenture. 
 (d) Liens. No Grantor will create, incur, or suffer to exist any Lien on the Collateral except (i) the security interest created by this Collateral Agreement, and (ii) Permitted Liens (as
defined in the Indenture). 
 (e) Other Financing Statements. No Grantor will authorize the filing of any financing
statement naming it as debtor covering all or any portion of the Collateral, except to cover security interests as permitted by Section 4.1(d). 
 (f) Change of Name, Etc. Each Grantor agrees to promptly furnish to the Collateral Agent (and in any event within thirty (30) days of such change or such longer period as the Collateral Agent
may agree) written notice of any change in: (i) such Grantor’s legal name; (ii) the location of such Grantor’s chief executive office or its principal place of business (if it does not have a chief executive office);
(iii) such Grantor’s organizational legal entity designation or jurisdiction of incorporation or formation; or (iv) such Grantor’s Federal Taxpayer Identification Number or organizational identification number assigned to it by
its jurisdiction of incorporation or formation. 
 (g) Exercise of Duties. Anything herein to the contrary
notwithstanding, (a) the exercise by the Collateral Agent of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral and (b) no
Noteholder Secured Party shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Collateral Agreement or any other Notes Document, nor shall any Noteholder Secured Party be obligated to
perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. 
 Section 4.2 Reserved. 
 Section 4.3 Delivery of Pledged
Collateral. Subject to the ABL/Bond Intercreditor Agreement, each Grantor will promptly deliver to the Collateral Agent (or its non-fiduciary agent or designee) upon execution of this Collateral Agreement all certificates, now or hereafter
acquired, if any, representing or evidencing the Pledged Collateral (other than checks received in the ordinary course of business), together with duly executed instruments of transfer or assignments in blank. 

Section 4.4 Uncertificated Pledged Collateral. Unless otherwise consented to by the ABL Administrative Agent, Equity
Interests required to be pledged hereunder in any Restricted Subsidiary that is organized as a limited liability company or limited partnership and pledged hereunder shall either (i) be represented by a certificate, and in the organizational
documents of such entity, the applicable Grantor shall cause the issuer of such interests to elect to treat such interests as a “security” within the meaning of Article 8 of the Uniform Commercial Code of its jurisdiction of
organization or formation, as applicable, by including in its organizational documents language substantially similar to the following and, accordingly, such interests shall be governed by Article 8 of the UCC: 

“The [partnership/limited liability company] hereby irrevocably elects that all [partnership/membership] interests in the
[partnership/limited liability company] shall be securities governed by Article 8 of the Uniform Commercial Code of [jurisdiction of organization or formation, as applicable]. Each certificate evidencing [partnership/membership] interests in
the [partnership/limited liability company] shall bear the following legend: ‘This certificate evidences an interest in [name of 

  
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[partnership/limited liability company]] and shall be a security for purposes of Article 8 of the Uniform Commercial Code.’ No change to this provision shall be effective until all
outstanding certificates have been surrendered for cancellation and any new certificates thereafter issued shall not bear the foregoing legend.” 
 or (ii) not have elected to be treated as a “security” within the meaning of Article 8 of the UCC and shall not be represented by a certificate. 

Section 4.5 Pledged Collateral. 
 (a) Registration in Nominee Name; Denominations. Subject to the terms of the ABL/Bond Intercreditor Agreement, the Collateral Agent (or its non-fiduciary agent or designee), on behalf of the
Noteholder Secured Parties, shall hold certificated Pledged Collateral in the name of the applicable Grantor, endorsed or assigned in blank or in favor of the Collateral Agent. Following the occurrence and during the continuance of an Event of
Default, each Grantor will promptly give to the Collateral Agent (or its non-fiduciary agent or designee) copies of any notices or other communications received by it with respect to Pledged Collateral registered in the name of such Grantor. Subject
to the terms of the ABL/Bond Intercreditor Agreement, following the occurrence and during the continuance of an Event of Default and after prior written notice to the applicable Grantor, the Collateral Agent (or its non-fiduciary agent or designee)
shall at all times have the right to exchange the certificates representing Pledged Collateral for certificates of smaller or larger denominations for any purpose consistent with this Collateral Agreement. 

(b) Exercise of Rights in Pledged Collateral. Subject, in each case, to the ABL/Bond Intercreditor Agreement: 

(i) Without in any way limiting the foregoing and subject to clause (ii) below, each Grantor shall have the
right to exercise all voting rights or other rights relating to the Pledged Collateral for all purposes not inconsistent with this Collateral Agreement, the Indenture or any other Notes Document; provided, however, that no vote or
other right shall be exercised or action taken that would reasonably be expected to have the effect of materially and adversely impairing the rights of the Collateral Agent in respect of the Pledged Collateral. 

(ii) Each Grantor will permit the Collateral Agent (or its non-fiduciary agent or designee) at any time after the
occurrence and during the continuance of an Event of Default, after prior written notice to the applicable Grantor, to exercise all voting rights or other rights relating to Pledged Collateral, including, without limitation, exchange, subscription
or any other rights, privileges, or options pertaining to any Equity Interest or Investment Property constituting Pledged Collateral as if it were the absolute owner thereof. 

(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 Collateral to the extent and only to the extent that such dividends, interest, principal and other distributions are permitted by, and otherwise paid or distributed in accordance with,
the terms and conditions of the Indenture, the other Notes Documents and applicable law; provided, however, that any non-cash dividends, interest, principal or other distributions that would constitute Pledged Collateral, whether
resulting from a subdivision, combination or reclassification of the outstanding Equity Interests of the issuer of any Pledged Collateral or received in exchange for Pledged Collateral 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,

  
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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 Noteholder Secured
Parties and shall be forthwith delivered to the Collateral Agent (or its non-fiduciary agent or designee) in the same form as so received (with any necessary endorsement or instrument of assignment). 

Section 4.6 Intellectual Property. 
 (a) Upon the occurrence and during the continuance of an Event of Default, at the request of the Collateral Agent, each Grantor will use commercially reasonable efforts to obtain all consents and
approvals necessary or appropriate for the assignment to or for the benefit of the Collateral Agent of any License held by such Grantor in order to enforce the security interests granted hereunder. 

(b) Each Grantor shall in its reasonable business judgment notify the Collateral Agent promptly if it knows or reasonably expects that
any application or registration relating to any Patent, Trademark or Copyright (now or hereafter existing) included in the Collateral and material to the conduct of such Grantor’s business may become abandoned or dedicated, or of any material
adverse determination or development (including the institution of, or any such determination or development in, any proceeding in the United States Patent and Trademark Office, the United States Copyright Office or any court) regarding such
Grantor’s ownership of any such material registered or applied for Patent, Trademark or Copyright, its right to register the same, or to keep and maintain the same. 
 (c) In the event that any Grantor, either directly or through any agent, employee, licensee or designee, files an application for the registration of (or otherwise becomes the owner of) any material
Patent, Trademark or Copyright with the United States Patent and Trademark Office or the United States Copyright Office, such Grantor will, report such filing to the Collateral Agent concurrently with any delivery of financial statements pursuant to
Section 4.03 of the Indenture, upon request of the Collateral Agent or the ABL Administrative Agent, such Grantor shall promptly execute and deliver an Intellectual Property Collateral Agreement substantially in the form of Exhibit C,
and any and all Collateral Agreements or other instruments, documents and papers as the Collateral Agent or the ABL Administrative Agent may reasonably request to evidence the Collateral Agent’s security interest in such Patent, Trademark or
Copyright, and the General Intangibles of such Grantor relating thereto or represented thereby, and such Grantor hereby authorizes the Collateral Agent to file, and if requested will deliver to the Collateral Agent, all such writings for the
foregoing purposes until the Secured Obligations are paid in full. 
 (d) Each Grantor shall take all actions necessary or
reasonably requested by the Collateral Agent or the ABL Administrative Agent to maintain and pursue each material application, to obtain the relevant registration and to maintain the registration of each of the Patents, Trademarks and Copyrights
(now or hereafter existing) material to the conduct of such Grantor’s business, except in cases where, in the ordinary course of business consistent with past practice, such Grantor reasonably decides to abandon, allow to lapse or expire any
Patent, Trademark or Copyright, including the filing of applications for renewal, affidavits of use, affidavits of non-contestability and, if consistent with good business judgment, to initiate opposition and interference and cancellation
proceedings against third parties. 
 (e) Each Grantor shall, unless it shall reasonably determine that a Patent, Trademark or
Copyright is not material to the conduct of its business, promptly notify the Collateral Agent and shall, if consistent with good business judgment, promptly sue for infringement, misappropriation or dilution of, or seek injunctive relief for, any
material Patent, Trademark or Copyright and to recover any and all damages for such infringement, misappropriation or dilution, or shall take such other actions as are appropriate under the circumstances in its reasonable business judgment to
protect such Patent, Trademark or Copyright. 

  
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 (f) Nothing in this Collateral Agreement shall prevent any Grantor from disposing of,
discontinuing the use or maintenance of, failing to pursue, or otherwise allowing to lapse, terminate or put into the public domain, any of its Collateral constituting Intellectual Property to the extent permitted by the Indenture if such Grantor
determines in its reasonable business judgment that such discontinuance is desirable in the conduct of its business. 

Section 4.7 Commercial Tort Claims. Each Grantor shall promptly notify the Collateral Agent of any Commercial Tort Claims for
which such Grantor has filed complaint(s) in court(s) of competent jurisdiction and such Grantor shall update Section II.E in the Perfection Certificate, thereby granting to the Collateral Agent a security interest in such Commercial Tort
Claim(s) (subject to the terms of the ABL/Bond Intercreditor Agreement). The requirement in the preceding sentence shall not apply to the extent that the amount of such Commercial Tort Claim does not exceed $1,000,000 held by each Grantor or to the
extent such Grantor shall have previously notified the Collateral Agent with respect to any previously held or acquired Commercial Tort Claim. 
 ARTICLE V 
 REMEDIES 

Section 5.1 Remedies. Upon the occurrence and during the continuance of an Event of Default and after written notice by the
Collateral Agent to the Grantors of its intent to do so: 
 (a) the Collateral Agent may (and at the direction of
either (x) the Trustee, acting pursuant to the direction of the holders of a majority in aggregate principal amount of the Notes or (y) the holders of a majority in aggregate principal amount of the Notes, in either case given in
accordance with the Indenture and subject to the Collateral Agent’s right to be indemnified to its satisfaction by the Holders (or holders of Other Pari Passu Lien Obligations (if any)) against any and all liability and expense which may be
incurred by it by reason of taking or continuing to take any such action , shall) exercise any or all of the following rights and remedies: 
 (i) those rights and remedies provided in this Collateral Agreement, the Indenture, the ABL/Bond Intercreditor Agreement or any other Notes Document; provided that this Section 5.1(a)
shall not be understood to limit any rights available to the Collateral Agent and the Noteholder Secured Parties prior to an Event of Default; 
 (ii) those rights and remedies available to a secured party under the UCC (whether or not the UCC applies to the affected Collateral) or under any other applicable law (including, without limitation, any
law governing the exercise of a bank’s right of setoff or bankers’ Lien) when a debtor is in default under a Collateral Agreement; 
 (iii) give notice of sole control or any other instruction under any Blocked Account Agreement or any other control or similar agreement and take any action provided therein with respect to the applicable
Collateral; 
 (iv) at Grantor’s cost, enter the premises of any Grantor where any Collateral is located
(through self-help, and without judicial process) to collect, receive, assemble, process, appropriate, sell, lease, assign, grant an option or options to purchase or otherwise dispose of, deliver, or realize upon, the Collateral or any part thereof
in one or more parcels at public or private sale or sales (which sales may be adjourned or continued 

  
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from time to time with or without notice and may take place at such Grantor’s premises or elsewhere), for cash, on credit or for future delivery without assumption of any credit risk, and
upon such other terms as the Collateral Agent may deem commercially reasonable; and 
 (v) at Grantor’s
cost, transfer and register in its name or in the name of its nominee the whole or any part of the Pledged Collateral, to exercise the voting and all other rights as a holder with respect thereto, to collect and receive all cash dividends, interest,
principal and other payments and distributions made thereon, to exercise any and all rights of conversion, exchange and subscription and any other rights, privileges or options pertaining to such Pledged Collateral as if it were the absolute owner
thereof (including, without limitation, the right to exchange at its discretion any and all of the Pledged Collateral upon the merger, consolidation, reorganization, recapitalization or other fundamental change in the organizational structure of any
issuer, or upon the exercise by any Grantor or the Collateral Agent of any right, privilege or option pertaining to such Pledged Collateral, and in connection therewith, the right to deposit and deliver any and all of the Pledged Collateral with any
committee, depositary, transfer agent, registrar or other designated agency upon such terms and conditions as the Collateral Agent may determine), and to otherwise act with respect to the Pledged Collateral as though the Collateral Agent was the
outright owner thereof, all without liability except to account for property actually received by it, but the Collateral Agent shall have no duty to any Grantor to exercise any such right, privilege or option and shall not be responsible for any
failure to do so or delay in so doing. 
 (b) Upon the occurrence and during the continuance of an Event of
Default and after written notice by the Collateral Agent to the Grantors of its intent to exercise remedies in accordance with the terms of this Section 5.1, each Grantor acknowledges and agrees that, if the issuer of any Pledged
Collateral is the subject of bankruptcy, insolvency, receivership, custodianship or other proceedings under the supervision of any Governmental Authority, then all rights of the Grantor in respect thereof to exercise the voting and other consensual
rights which such Grantor would otherwise be entitled to exercise with respect to the Pledged Collateral issued by such issuer shall cease, and all such rights shall thereupon become vested in the Collateral Agent who shall thereupon have the sole
right to exercise such voting and other consensual rights, but the Collateral Agent shall have no duty to exercise any such voting or other consensual rights and shall not be responsible for any failure to do so or delay in so doing. 

(c) Each Grantor acknowledges and agrees that the compliance by the Collateral Agent, on behalf of the Noteholder Secured
Parties, with any applicable state or federal law requirements in connection with a disposition of the Collateral will not be considered to adversely affect the commercial reasonableness of any sale of the Collateral. 

(d) The Collateral Agent shall have the right upon any public sale or sales and, to the extent permitted by law, upon any
private sale or sales, to purchase for the benefit of the Collateral Agent and the Noteholder Secured Parties, the whole or any part of the Collateral so sold, free of any right of equity redemption, which equity redemption each Grantor hereby
expressly releases. 
 (e) Until the Collateral Agent is able to effect a sale, lease, transfer or other
disposition of Collateral, the Collateral Agent shall have the right to hold or use Collateral, or any part thereof, to the extent that it deems appropriate for the purpose of preserving Collateral or the value of the Collateral, or for any other
purpose deemed appropriate by the Collateral Agent. The 

  
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Collateral Agent may, if it so elects, seek the appointment of a receiver, custodian or keeper to take possession of Collateral and to enforce any of the Collateral Agent’s remedies (for the
benefit of the Collateral Agent and Noteholder Secured Parties) with respect to such appointment without prior notice or hearing as to such appointment. 
 (f) Notwithstanding the foregoing, neither the Collateral Agent nor the Noteholder Secured Parties shall be required to (i) make any demand upon, or pursue or exhaust any of their rights or remedies
against, the Grantors, any other obligor, guarantor, pledgor or any other Person with respect to the payment of the Secured Obligations or to pursue or exhaust any of their rights or remedies with respect to any Collateral therefor or any direct or
indirect guarantee thereof, (ii) marshal the Collateral or any guarantee of the Secured Obligations or to resort to the Collateral or any such guarantee in any particular order, or (iii) effect a public sale of any Collateral. 

(g) Each Grantor recognizes that the Collateral Agent may be unable to effect a public sale of any or all the Pledged
Collateral and may be compelled to resort to one or more private sales thereof. Each Grantor also acknowledges that any private sale may result in prices and other terms less favorable to the seller than if such sale were a public sale and,
notwithstanding such circumstances, agrees that any such private sale shall not be deemed to have been made in a commercially unreasonable manner solely by virtue of such sale being private. The Collateral Agent shall be under no obligation to delay
a sale of any of the Pledged Collateral for the period of time necessary to permit any Grantor or the issuer of the Pledged Collateral to register such securities for public sale under the Securities Act of 1933, as amended, or under applicable
state securities laws, even if any Grantor and the issuer would agree to do so (it being acknowledged and agreed that no Grantor shall have any obligation hereunder to do so). 

(h) Notwithstanding the foregoing, any rights and remedies provided in this Section 5.1 shall be subject to the
ABL/Bond Intercreditor Agreement. 
 Section 5.2 Grantors’ Obligations Upon Default. Upon the written request
of the Collateral Agent after the occurrence and during the continuance of an Event of Default, each Grantor will: 
 (a) assemble and make available to the Collateral Agent the Collateral and all books and records relating thereto at any place or places reasonably specified by the Collateral Agent, whether at such
Grantor’s premises or elsewhere; and 
 (b) permit the Collateral Agent, by the Collateral Agent’s
representatives and collateral agents, to enter, occupy and use any premises where all or any part of the Collateral, or the books and records relating thereto, or both, are located, to take possession of all or any part of the Collateral or the
books and records relating thereto, or both, to remove all or any part of the Collateral or the books and records relating thereto, or both, and to conduct sales of the Collateral, without any obligation to pay any Grantor for such use and
occupancy. 
 Section 5.3 Grant of Intellectual Property License. For the purpose of enabling the Collateral Agent
to exercise the rights and remedies under this Article V upon the occurrence and during the continuance of an Event of Default, at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, each
Grantor hereby (a) grants to the Collateral Agent, for the benefit of the Collateral Agent and the Noteholder Secured Parties, an irrevocable nonexclusive license (exercisable without payment of royalty or other compensation to such Grantor) to
use, license or sublicense any Intellectual Property rights now owned or hereafter acquired by such Grantor, wherever 

  
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the same may be located, and including in such license 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 such licenses to be granted hereunder with respect to Trademarks shall be subject to the maintenance of quality standards with respect to the goods and services on which such Trademarks
are used sufficient to preserve the validity of such Trademarks; and provided further that the Collateral Agent shall have no greater rights than those of any such Grantor under such license or sublicense; and (b) irrevocably
agrees that, at any time and from time to time following the occurrence and during the continuance of an Event of Default, the Collateral Agent may sell any Grantor’s Inventory directly to any Person, including without limitation Persons who
have previously purchased any Grantor’s Inventory from such Grantor and in connection with any such sale or other enforcement of the Collateral Agent’s rights under this Collateral Agreement, may (subject to any restrictions contained in
applicable third party licenses entered into by a Grantor) sell Inventory which bears any Trademark owned by or licensed to any Grantor and any Inventory that is covered by any Copyright owned by or licensed to such Grantor and the Collateral Agent
may finish any work in process and affix any relevant Trademark owned by or licensed to any Grantor and sell such Inventory as provided herein. The use of the license granted pursuant to clause (a) of the preceding sentence by the
Collateral Agent may be exercised, at the option of the Collateral Agent, only upon the occurrence and during the continuance of an Event of Default and shall be subject to the ABL/Bond Intercreditor Agreement; provided, however, that any permitted
license, sublicense or other transaction entered into by the Collateral Agent in accordance herewith shall be binding upon each Grantor notwithstanding any subsequent cure of an Event of Default. 

ARTICLE VI 

ACCOUNT VERIFICATION; ATTORNEY IN FACT; PROXY 
 Section 6.1 Account Verification. The Grantors acknowledge that, after the occurrence and during the continuance of an Event of Default after prior written notice to the relevant Grantor of
its intent to do so, the Collateral Agent may in its own name, or in the name of such Grantor, communicate with the Account Debtors of such Grantor to verify with such Persons the existence, amount, terms of, and any other matter reasonably relating
to the Accounts owing by such Account Debtor to such Grantor (including any Instruments, Chattel Paper, payment intangibles and/or other Receivables that are Collateral relating to such Accounts). 

Section 6.2 Authorization for Noteholder Secured Party to Take Certain Action. 

(a) Each Grantor hereby irrevocably (i) authorizes the Collateral Agent, at any time and from time to time in the sole discretion of
the Collateral Agent (1) to execute on behalf of such Grantor as debtor and to file financing statements necessary or desirable in the Collateral Agent’s reasonable discretion to perfect and to maintain the perfection and priority of the
Collateral Agent’s security interest in the Collateral, including, without limitation, to file financing statements permitted under Section 4.1(a) and (2) to file a carbon, photographic or other reproduction of this Collateral
Agreement or any financing statement with respect to the Collateral as a financing statement and to file any other financing statement or amendment of a financing statement (which would not add new collateral or add a debtor) in such offices as the
Collateral Agent in its reasonable discretion deems necessary or desirable to perfect and to maintain the perfection and priority of the Collateral Agent’s security interest in the Collateral, including, without limitation, to file financing
statements permitted under Section 4.1(a) and (ii) appoints, effective upon the occurrence and during the continuance of an Event of Default, subject to the ABL/Bond Intercreditor Agreement, the Collateral Agent as its attorney in
fact (1) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for Permitted Liens as defined in the Indenture), (2) to endorse and collect any cash proceeds of the Collateral and to apply the proceeds
of any Collateral received by the Collateral Agent to the Secured Obligations as provided herein or in the Indenture or any other Notes Document, subject to the terms of the ABL/Bond 

  
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Intercreditor Agreement, (3) to demand payment or enforce payment of the Receivables in the name of the Collateral Agent or any Grantor and to endorse any and all checks, drafts, and other
instruments for the payment of money relating to the Receivables, (4) to sign any Grantor’s name on any invoice or bill of lading relating to the Receivables, drafts against any Account Debtor of such Grantor, assignments and verifications
of Receivables, (5) to exercise all of any Grantor’s rights and remedies with respect to the collection of the Receivables and any other Collateral, (6) to settle, adjust, compromise, extend or renew the Receivables, (7) to
settle, adjust or compromise any legal proceedings brought to collect Receivables, (8) to prepare, file and sign any Grantor’s name on a proof of claim in bankruptcy or similar document against any Account Debtor of such Grantor,
(9) to prepare, file and sign any Grantor’s name on any notice of Lien, assignment or satisfaction of Lien or similar document in connection with the Receivables, (10) to change the address for delivery of mail addressed to any
Grantor to such address as the Collateral Agent may designate and to receive, open and dispose of all mail addressed to such Grantor, and (11) to use information contained in any data processing, electronic or information systems relating to
Collateral; and each Grantor agrees to reimburse the Collateral Agent for any reasonable payment made or any reasonable expense incurred (provided that upon and after an Event of Default specified in Section 6.01(a)(6) or (7) of the
Indenture, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) of the Collateral Agent are intended to constitute administrative expenses with priority pursuant to any Bankruptcy Law shall
be deemed to be reasonable) by the Collateral Agent in connection with any of the foregoing, in accordance with the provisions of Section 7.06 of the Indenture; provided that, this authorization shall not relieve any Grantor of
any of its obligations under this Collateral Agreement or under the Indenture. 
 (b) All acts of said attorney or designee are
hereby ratified and approved by the Grantors. The powers conferred on the Collateral Agent, for the benefit of the Collateral Agent and Noteholder Secured Parties, under this Section 6.2 are solely to protect the Collateral Agent’s
interests in the Collateral and shall not impose any duty upon the Collateral Agent or any Noteholder Secured Party to exercise any such powers. 
 Section 6.3 PROXY. EACH GRANTOR HEREBY IRREVOCABLY CONSTITUTES AND APPOINTS, EFFECTIVE UPON THE OCCURRENCE AND DURING THE CONTINUANCE OF AN EVENT OF DEFAULT, THE COLLATERAL AGENT AS ITS PROXY
AND ATTORNEY-IN-FACT (AS SET FORTH IN SECTION 6.2 ABOVE) WITH RESPECT TO THE PLEDGED COLLATERAL, INCLUDING THE RIGHT TO VOTE SUCH PLEDGED COLLATERAL, WITH FULL POWER OF SUBSTITUTION TO DO SO. IN ADDITION TO THE RIGHT TO VOTE ANY SUCH
PLEDGED COLLATERAL, THE APPOINTMENT OF THE COLLATERAL AGENT AS PROXY AND ATTORNEY-IN-FACT SHALL INCLUDE THE RIGHT TO EXERCISE ALL OTHER RIGHTS, POWERS, PRIVILEGES AND REMEDIES TO WHICH A HOLDER OF SUCH PLEDGED COLLATERAL WOULD BE ENTITLED (INCLUDING
GIVING OR WITHHOLDING WRITTEN CONSENTS OF SHAREHOLDERS, CALLING SPECIAL MEETINGS OF SHAREHOLDERS AND VOTING AT SUCH MEETINGS). SUCH PROXY SHALL BE EFFECTIVE, AUTOMATICALLY AND WITHOUT THE NECESSITY OF ANY ACTION (INCLUDING ANY TRANSFER OF ANY SUCH
PLEDGED COLLATERAL ON THE RECORD BOOKS OF THE ISSUER THEREOF) BY ANY PERSON (INCLUDING THE ISSUER OF SUCH PLEDGED COLLATERAL OR ANY OFFICER OR COLLATERAL AGENT THEREOF), UPON THE OCCURRENCE AND DURING THE CONTINUANCE OF AN EVENT OF DEFAULT.

 Section 6.4 NATURE OF APPOINTMENT; LIMITATION OF DUTY. THE APPOINTMENT OF THE COLLATERAL AGENT AS PROXY AND
ATTORNEY-IN-FACT IN THIS ARTICLE VI IS COUPLED WITH AN INTEREST AND SHALL BE IRREVOCABLE UNTIL THE DATE ON WHICH THIS COLLATERAL AGREEMENT IS TERMINATED IN ACCORDANCE WITH SECTION 7.13. NOTWITHSTANDING ANYTHING CONTAINED
HEREIN, NEITHER THE 

  
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COLLATERAL AGENT, NOR ANY NOTEHOLDER SECURED PARTY, NOR ANY OF THEIR RESPECTIVE AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, COLLATERAL AGENTS OR REPRESENTATIVES SHALL HAVE ANY DUTY TO EXERCISE
ANY RIGHT OR POWER GRANTED HEREUNDER OR OTHERWISE OR TO PRESERVE THE SAME AND SHALL NOT BE LIABLE FOR ANY FAILURE TO DO SO OR FOR ANY DELAY IN DOING SO, EXCEPT TO THE EXTENT SUCH DAMAGES ARE ATTRIBUTABLE TO THEIR OWN GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT AS FINALLY DETERMINED BY A COURT OF COMPETENT JURISDICTION; PROVIDED THAT, IN NO EVENT SHALL THEY BE LIABLE FOR ANY PUNITIVE, EXEMPLARY, INDIRECT OR CONSEQUENTIAL DAMAGES. 

ARTICLE VII 

GENERAL PROVISIONS 
 Section 7.1 Waivers. Each Grantor hereby waives notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the
Collateral may be made. To the extent such notice may not be waived under applicable law, any notice made shall be deemed reasonable if sent to the Grantors, addressed as set forth in Article VIII, at least ten (10) days prior to
(i) the date of any such public sale or (ii) the time after which any such private sale or other disposition may be made. To the maximum extent permitted by applicable law, each Grantor waives all claims, damages, and demands against the
Collateral Agent or any Noteholder Secured Party arising out of the repossession, retention or sale of the Collateral (after the occurrence of and during the continuance of an Event of Default), except such as arise solely out of the gross
negligence or willful misconduct of the Collateral Agent or such Noteholder Secured Party as finally determined by a court of competent jurisdiction. To the extent it may lawfully do so, each Grantor absolutely and irrevocably waives and
relinquishes the benefit and advantage of, and covenants not to assert against the Collateral Agent or any Noteholder Secured Party, any valuation, stay, appraisal, extension, moratorium, redemption or similar laws and any and all rights or defenses
it may have as a surety now or hereafter existing which, but for this provision, might be applicable to the sale of any Collateral (after the occurrence of and during the continuance of an Event of Default), made under the judgment, order or decree
of any court, or privately under the power of sale conferred by this Collateral Agreement, or otherwise. Except as otherwise specifically provided herein, each Grantor hereby waives presentment, demand, protest or any notice (to the maximum extent
permitted by applicable law) of any kind in connection with this Collateral Agreement or any Collateral. 
 Section 7.2
Limitation on Collateral Agent’s and Noteholder Secured Party’s Duty with Respect to the Collateral. The Collateral Agent shall have no obligation to clean-up or otherwise prepare the Collateral for sale. The Collateral Agent and
each Noteholder Secured Party shall use reasonable care with respect to the Collateral in its possession or under its control. Neither the Collateral Agent, nor any Noteholder Secured Party shall have any other duty as to any Collateral in its
possession or control or in the possession or control of any Collateral Agent or nominee of the Collateral Agent or such Noteholder Secured Party, or any income thereon or as to the preservation of rights against prior parties or any other rights
pertaining thereto. To the extent that applicable law imposes duties on the Collateral Agent to exercise remedies, after the occurrence and during the continuance of an Event of Default, in a commercially reasonable manner, each Grantor acknowledges
and agrees that it would be commercially reasonable for the Collateral Agent (i) to fail to incur expenses deemed significant by the Collateral Agent to prepare Collateral for disposition or otherwise to transform raw material or work in
process into finished goods or other finished products for disposition, (ii) to fail to obtain third party consents for access to Collateral to be disposed of, or to obtain or, if not required by other law, to fail to obtain governmental or
third party consents for the collection or disposition of Collateral to be collected or disposed of, (iii) to fail to exercise collection remedies against Account Debtors or other Persons obligated on Collateral or to remove Liens on or any
adverse claims against Collateral, (iv) to exercise 

  
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collection remedies against Account Debtors and other Persons obligated on Collateral directly or through the use of collection agencies and other collection specialists, (v) to advertise
dispositions of Collateral through publications or media of general circulation, whether or not the Collateral is of a specialized nature, (vi) to contact other Persons, whether or not in the same business as a Grantor, for expressions of
interest in acquiring all or any portion of such Collateral, (vii) to hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the Collateral is of a specialized nature, (viii) to dispose of
Collateral by utilizing internet sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capacity of doing so, or that match buyers and sellers of assets, (ix) to dispose of assets in
wholesale rather than retail markets, (x) to disclaim disposition warranties, such as title, possession or quiet enjoyment, (xi) to purchase insurance or credit enhancements at the Grantors’ cost to insure the Collateral Agent against
risks of loss, collection or disposition of Collateral or to provide to the Collateral Agent a guaranteed return from the collection or disposition of Collateral, or (xii) to obtain the services of other brokers, investment bankers, consultants
and other professionals to assist the Collateral Agent in the collection or disposition of any of the Collateral. Each Grantor acknowledges that the purpose of this Section 7.2 is to provide non-exhaustive indications of what actions or
omissions by the Collateral Agent would be commercially reasonable in the Collateral Agent’s exercise of remedies against the Collateral, after the occurrence and during the continuance of an Event of Default, and that other actions or
omissions by the Collateral Agent shall not be deemed commercially unreasonable solely on account of not being indicated in this Section 7.2. Without limitation upon the foregoing, nothing contained in this Section 7.2 shall
be construed to grant any rights to any Grantor or to impose any duties on the Collateral Agent that would not have been granted or imposed by this Collateral Agreement or by applicable law in the absence of this Section 7.2. 

Section 7.3 Compromises and Collection of Collateral. Each Grantor and the Collateral Agent recognize that setoffs,
counterclaims, defenses and other claims may be asserted by obligors with respect to certain of the Receivables, that certain of the Receivables may be or become uncollectible in whole or in part and that the expense and probability of success in
litigating a disputed Receivable may exceed the amount that reasonably may be expected to be recovered with respect to a Receivable. In view of the foregoing, each Grantor agrees that the Collateral Agent may at any time and from time to time, if an
Event of Default has occurred and is continuing, compromise with the obligor on any Receivable, accept in full payment of any Receivable such amount as the Collateral Agent in its sole discretion shall determine or abandon any Receivable, and any
such action by the Collateral Agent shall be commercially reasonable so long as the Collateral Agent acts in good faith based on information known to it at the time it takes any such action. 

Section 7.4 Noteholder Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the
occurrence and during the continuance of an Event of Default, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under this Collateral Agreement and such Grantor shall reimburse the Collateral Agent
for any amounts paid by the Collateral Agent pursuant to this Section 7.4. Each Grantor’s obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand. 

Section 7.5 No Waiver; Amendments; Cumulative Remedies. No failure or delay by the Collateral Agent or any Noteholder Secured
Party 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 Collateral Agent and the Noteholder Secured Parties hereunder are cumulative and are not exclusive of any rights or remedies that they
would otherwise have. No amendment or waiver of any provision of this Collateral Agreement or consent to any departure by any Noteholder Secured Party therefrom shall in any event be effective unless in writing signed by the Collateral Agent with
the concurrence or at the direction of the Noteholder Secured Parties required under Artcile IX of the Indenture, and then such amendment, waiver or consent shall be effective only in the specific instance and for the purpose for which given.

  
 -21-

 Section 7.6 Limitation by Law; Severability of Provisions. All rights, remedies
and powers provided in this Collateral Agreement may be exercised only to the extent that the exercise thereof does not violate any applicable provision of law, and all the provisions of this Collateral Agreement are intended to be subject to all
applicable mandatory provisions of law that may be controlling and to be limited to the extent necessary so that they shall not render this Collateral Agreement invalid, unenforceable or not entitled to be recorded or registered, in whole or in
part. Any provision in this Collateral Agreement that is held to be inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or invalid without affecting the remaining provisions in
that jurisdiction or the operation, enforceability, or validity of that provision in any other jurisdiction, and to this end the provisions of this Collateral Agreement are declared to be severable. 

Section 7.7 Reinstatement. This Collateral Agreement shall remain in full force and effect and continue to be effective
should any petition be filed by or against any Grantor for liquidation or reorganization, should any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver, examiner or trustee be appointed
for all or any significant part of such Grantor’s assets, and shall continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to
applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a “voidable preference,” “fraudulent conveyance,” or otherwise, all as though such
payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded,
reduced, restored or returned. 
 Section 7.8 Benefit of Agreement. The terms and provisions of this Collateral
Agreement shall be binding upon and inure to the benefit of each Grantor, the Collateral Agent and the Noteholder Secured Parties and their respective successors and permitted assigns (including all Persons who become bound as a debtor to this
Collateral Agreement), except that no Grantor shall have the right to assign its rights or delegate its obligations under this Collateral Agreement or any interest herein, without the prior written consent of the Collateral Agent. No sales of
participations, assignments, transfers, or other dispositions of any agreement governing the Secured Obligations or any portion thereof or interest therein shall in any manner impair the Lien granted to the Collateral Agent, for the benefit of the
Collateral Agent and the Noteholder Secured Parties, hereunder. 
 Section 7.9 Survival of Representations. All
representations and warranties of each Grantor contained in this Collateral Agreement shall survive the execution and delivery of this Collateral Agreement. 
 Section 7.10 Taxes and Expenses. To the extent required by Section 4.05 of the Indenture, or otherwise, each Grantor jointly and severally agrees to (i) pay any taxes payable
or ruled payable by Federal or State authority in respect of this Collateral Agreement, together with interest and penalties, if any, and (ii) reimburse the Collateral Agent for any and all reasonable out-of-pocket expenses (provided
that upon and after an Event of Default specified in Section 6.01(a)(6) or (7) of the Indenture, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) of the Collateral Agent are
intended to constitute administrative expenses with priority pursuant to any Bankruptcy Law shall be deemed to be reasonable) paid or incurred by the Collateral Agent in connection with the preparation, execution, delivery, administration,
collection and enforcement of this Collateral Agreement and in the audit, analysis, administration, collection, preservation or sale of the 

  
 -22-

 
Collateral (including the expenses and charges associated with any periodic or special audit of the Collateral but subject, in such case, to the limitations Section 7.06 of the
Indenture). Any and all costs and expenses incurred by any Grantor in the performance of actions required pursuant to the terms hereof shall be borne by such Grantor. 
 Section 7.11 Additional Grantors. Pursuant to and in accordance with Section 4.15 of the Indenture, each Grantor shall cause (i) each Material Subsidiary (other than any
Excluded Subsidiary) formed or acquired after the date of this Collateral Agreement in accordance with the terms of the Indenture and (ii) any Material Subsidiary that was an Excluded Subsidiary but has ceased to be an Excluded Subsidiary, to
enter into this Collateral Agreement as a Grantor within ninety (90) days after such formation, acquisition or designation. Upon execution and delivery by the Collateral Agent and such Subsidiary of an instrument in the form of Exhibit B
hereto, such 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 the Issuer or each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Guarantor as a party to this Collateral Agreement. 

Section 7.12 Headings. The title of and section headings in this Collateral Agreement are for convenience of reference only,
and shall not govern the interpretation of any of the terms and provisions of this Collateral Agreement. 
 Section 7.13
Termination or Release. 
 (a) This Collateral Agreement shall continue in effect until the Termination Date. 

(b) A Grantor shall automatically be released from its obligations hereunder and the security interests created hereunder in the
Collateral of such Grantor shall be automatically released upon the consummation of any transaction permitted pursuant to the Indenture, as a result of which such Grantor ceases to be a Subsidiary. 

(c) Upon any sale, transfer or other disposition by any Grantor of any Collateral that is permitted under Section 4.1(c) to
any Person that is not another Grantor or, upon the effectiveness of any written consent to the release of the security interest granted hereby in any Collateral pursuant to Section 11.03 of the Indenture, the security interest in such
Collateral shall be automatically released. 
 (d) The security interests granted hereunder on any Collateral, to the extent
such Collateral is comprised of property leased to the Issuer or a Guarantor, shall be automatically released upon termination or expiration of such lease, pursuant to Section 11.03 of the Indenture. 

(e) The security interests created hereunder in the Collateral shall be automatically released as required pursuant to the terms of the
ABL/Bond Intercreditor Agreement; provided that the Collateral Agent may, in its discretion, release the Lien on Collateral as provided in Section 11.03 of the Indenture. 

(f) In connection with any termination or release pursuant to paragraph (a), (b), (c), (d), or
(e) above, the Collateral Agent shall promptly execute and deliver to any Grantor, at such Grantor’s expense, all UCC termination statements and similar documents that such Grantor shall reasonably request to evidence such
termination or release. Any execution and delivery of documents pursuant to this Section 7.13 shall be without recourse to or representation or warranty by the Collateral Agent or any Noteholder Secured Party. Without limiting the
provisions of Section 7.16, the Issuer shall reimburse the Collateral Agent upon demand for all reasonable costs and out of pocket expenses, including the fees, charges and expenses of counsel, incurred by it in connection with any
action contemplated by this Section 7.13. 

  
 -23-

 Section 7.14 Entire Agreement. This Collateral Agreement, together with the
other Notes Documents and the ABL/Bond Intercreditor Agreement, embodies the entire agreement and understanding between each Grantor and the Collateral Agent relating to the Collateral and supersedes all prior agreements and understandings, oral or
written, between any Grantor and the Collateral Agent relating to the Collateral. 
 Section 7.15 Choice of Law; Consent
to Jurisdiction; Venue; Waiver of Jury Trial. The parties hereto agree that the provisions of Sections 13.06 and 13.07 of the Indenture shall apply to this agreement, mutatis mutandis as if fully set forth herein.

 Section 7.16 Indemnity. Each Grantor, jointly and severally, hereby agrees to indemnify and hold the Collateral
Agent, the other Noteholder Secured Parties, and their respective Related Parties harmless from, any and all losses, claims, damages, penalties, liabilities, and related expenses (including, without limitation, all expenses of litigation or
preparation therefor whether or not the Collateral Agent or any Noteholder Secured Party is a party thereto) imposed on, incurred by or asserted against the Collateral Agent or the Noteholder Secured Parties, or their respective Related Parties, in
any way relating to or arising out of this Collateral Agreement, to the extent the Grantor would be required to do so pursuant to Section 7.06 of the Indenture. 
 Section 7.17 Counterparts. This Collateral Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original,
but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Collateral Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually
executed counterpart of this Collateral Agreement. 
 Section 7.18 ABL/Bond Intercreditor Agreement Governs.
Reference is made to the ABL/Bond Intercreditor Agreement, dated as of May 29, 2013, among SunTrust Bank, as ABL Collateral Agent (as defined in the ABL/Bond Intercreditor Agreement) for the ABL Secured Parties referred to therein; Wilmington
Trust, National Association, as Notes Collateral Agent (as defined in the ABL/Bond Intercreditor Agreement) for the Notes Secured Parties referred to therein; each Additional Pari Notes Debt Agent (as defined in the ABL/Bond Intercreditor
Agreement), for the Pari Notes Debt Secured Parties referred to therein; and the Subsidiaries of the Issuer party thereto (the “ABL/Bond Intercreditor Agreement”). Each Person that is secured hereunder, by accepting the benefits of
the security provided hereby, (i) consents (or is deemed to consent), to the subordination of Liens provided for in the ABL/Bond Intercreditor Agreement, (ii) agrees (or is deemed to agree) that it will be bound by, and will take no
actions contrary to, the provisions of the ABL/Bond Intercreditor Agreement, (iii) authorizes (or is deemed to authorize) the Collateral Agent on behalf of such Person to enter into, and perform under, the ABL/Bond Intercreditor Agreement and
(iv) acknowledges (or is deemed to acknowledge) that a copy of the ABL/Bond Intercreditor Agreement was delivered, or made available, to such Person. Notwithstanding any other provision contained herein, this Collateral 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 ABL/Bond Intercreditor Agreement and, to the extent provided therein, the applicable Security Documents (as
defined in the ABL/Bond Intercreditor Agreement). In the event of any conflict or inconsistency between the provisions of this Collateral Agreement and the ABL/Bond Intercreditor Agreement, the provisions of the ABL/Bond Intercreditor Agreement
shall control. 

  
 -24-

 Section 7.19 Delivery of Collateral. Notwithstanding anything herein to the
contrary, with respect to the ABL First Lien Collateral (as defined in the ABL/Bond Intercreditor Agreement), until the ABL Debt Obligations (as defined in the ABL/Bond Intercreditor Agreement) are terminated as set forth in the ABL/Bond
Intercreditor Agreement, any obligation of the Issuer and any other Grantor hereunder or under any other Security Document (as defined in the ABL/Bond Intercreditor Agreement) with respect to the delivery of any ABL Facility Collateral shall be
deemed to be satisfied if such Issuer or such Grantor, as applicable, complies with the requirements of the similar provision of the applicable ABL Security Documents (as defined in the ABL/Bond Intercreditor Agreement). Until the ABL Debt
Obligations are terminated as set forth in the ABL/Bond Intercreditor Agreement, the delivery of any ABL First Lien Collateral to the ABL Agent (as defined in the ABL/Bond Intercreditor Agreement) pursuant to the ABL Security Documents shall satisfy
any delivery requirement hereunder or under any other Security Document. 
 Section 7.20 Mortgages. In the case of a
conflict between this Collateral Agreement and the Mortgages with respect to Collateral that is real property (including Fixtures), the Mortgages shall govern. In all other conflicts between this Collateral Agreement and the Mortgages, this
Collateral Agreement shall govern. 
 ARTICLE VIII 
 NOTICES 
 Section 8.1 Sending Notices. All notices, requests
and demands pursuant hereto shall be made in accordance with Section 13.01 of the Indenture. All communications and notices hereunder to any Grantor shall be given to it in care of the Company at the Company’s address set forth in
Section 13.01 of the Indenture. 
 Section 8.2 Change in Address for Notices. Each of the Grantors, the
Collateral Agent and the Noteholder Secured Parties may change the address or facsimile number for service of notice upon it by a notice in writing to the other parties. 
 ARTICLE IX 
 THE COLLATERAL AGENT 

Wilmington Trust, National Association has been appointed Collateral Agent for the Noteholder Secured Parties hereunder pursuant to
Section 11.09 of the Indenture. It is expressly understood and agreed by the parties to this Collateral Agreement that any authority conferred upon the Collateral Agent hereunder is subject to the terms of the delegation of authority
made by the Noteholder Secured Parties to the Collateral Agent pursuant to the Indenture, and that the Collateral Agent has agreed to act (and any successor Collateral Agent shall act) as such hereunder only on the express conditions contained in
such Section 11.09, the terms and conditions of which, including the rights, benefits and immunities of the Collateral Trustee thereunder, are hereby incorporated into this Collateral Agreement by this reference. Any successor Collateral
Agent appointed pursuant to Section 7.07 of the Indenture shall be entitled to all the rights, interests and benefits of the Collateral Agent hereunder. Notwithstanding any provision in this Collateral Agreement to the contrary, whenever
in this Collateral Agreement the Collateral Agent has the right to make any determination, exercise any discretion, use commercially reasonable judgment or similar right with respect to any matter under this Collateral Agreement, the Collateral
Agent shall not be required to make any such determination or exercise any such discretion or judgment without the direction of the Trustee or the holders of a majority in aggregate principal amount of the Notes, and shall make any such
determination, exercise of discretion or judgment or similar right as directed by the Trustee or such holders, in each case subject to its rights of indemnity or security satisfactory to it and other rights under the Indenture. 

[Remainder of page intentionally left blank; signatures begin on following page.] 

  
 -25-

 IN WITNESS WHEREOF, each Grantor and the Agent have executed this Notes Collateral Agreement
as of the date first above written. 
  

			
	GRANTORS:
	
	BUILDERS FIRSTSOURCE, INC.
		
	By:	 	 /s/ Jeffrey A. Wier

		 	Name: Jeffrey A. Wier
		 	Title: Vice President and Assistant Secretary
	
	BUILDERS FIRSTSOURCE HOLDINGS, INC.
	BUILDERS FIRSTSOURCE – DALLAS, LLC
	BUILDERS FIRSTSOURCE – FLORIDA, LLC
	BUILDERS FIRSTSOURCE – RALEIGH, LLC
	BUILDERS FIRSTSOURCE – ATLANTIC GROUP, LLC
	BUILDERS FIRSTSOURCE – TEXAS GENPAR, LLC
	BUILDERS FIRSTSOURCE – MBS, LLC
	BUILDERS FIRSTSOURCE –FLORIDA DESIGN CENTER, LLC
	BUILDERS FIRSTSOURCE – SOUTHEAST GROUP, LLC
	BFS TEXAS, LLC
	BFS IP, LLC
	BUILDERS FIRSTSOURCE –TEXAS GROUP, L.P.
	BUILDERS FIRSTSOURCE – SOUTH TEXAS, L.P.
	BUILDERS FIRSTSOURCE – INTELLECTUAL PROPERTY, L.P.
	BUILDERS FIRSTSOURCE – TEXAS INSTALLED SALES, L.P.
		
	By:	 	 /s/ Jeffrey A. Wier

		 	Name: Jeffrey A. Wier
		 	Title: Vice President and Assistant Secretary

  
 [Signature
Page to Notes Collateral Agreement] 

 
			
	AGENT:
	
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,
 as Agent

		
	By:	 	 /s/ W. Thomas Morris, II

		 	Name: W.Thomas Morris, II
		 	Title: Vice President

  
 [Signature
Page to Notes Collateral Agreement] 

 EXHIBIT A 
 Perfection Certificate 
 [See attached.] 

 PERFECTION CERTIFICATE 

In connection with (i) the credit agreement by and among (a) Builders FirstSource, Inc., a Delaware corporation (the
“Debtor”); (b) the lenders from time to time party hereto (each a “Lender” and collectively, the “Lenders”); (c) SunTrust Bank, as the administrative agent (the “Administrative
Agent”), as the collateral agent (the “Collateral Agent”), as the swing line lender (the “Swing Line Lender”), and as an LC Issuer (the “LC Issuer”); (d) Citigroup Global Markets Inc.,
as syndication agent (the “Syndication Agent”); (e) KeyBank National Association, PNC Business Credit, a subsidiary of PNC Bank, N.A. and RBS Citizens, N.A. (the “Co-Documentation Agents”), (f) SunTrust
Robinson Humphrey, Inc., Citigroup Global Markets Inc., KeyBank National Association, PNC Business Credit, a subsidiary of PNC Bank, N.A., and RBS Citizens, N.A., as joint bookrunners (the “Joint Bookrunners”) and (g) SunTrust
Robinson Humphrey, Inc., as sole lead arranger (the “Arranger”) and (ii) the indenture by and among (a) the Debtor, (b) the guarantors party thereto and (c) Wilmington Trust, National Association as the trustee
and collateral agent (the “Notes Collateral Agent” and, together with the ABL Collateral Agent, the “Collateral Agents”). The Debtor hereby certifies on behalf of itself and the other grantors specified below (the
“Grantors”) as follows: 
 I. CURRENT INFORMATION 

A. Legal Names, Organizations, Jurisdictions of Organization and Organizational Identification Numbers.
The full and exact legal name1 (as it appears in each
respective certificate or articles of incorporation, limited liability membership agreement or similar organizational documents, in each case as amended to date or, for natural persons, the name as set forth on their valid driver’s license
issued by their state of residence), the type of organization (or if the Debtor or a particular Grantor is a natural person, please indicate so), the jurisdiction of organization (or formation, as applicable), and the organizational identification
number2 (not tax i.d. number) of the Debtor and each other
Grantor are as follows: 
  

							
	 Name of Debtor/Grantor
	  	Type of Organization (e.g.
corporation,
limited
liability company, limited
partnership)	  	Jurisdiction of
Organization/
Formation	  	Organizational
Identification
Number3

 B. Chief Executive Offices and Mailing Addresses. The chief executive office
address (or the principal residence if the Debtor or a particular Grantor is a natural person) and the preferred mailing address (if different than chief executive office or residence) of the Debtor and each other Grantor are as follows: 

 

					
	 Name of Debtor/Grantor
	  	Address of Chief Executive Office
(or for natural
persons, residence)	  	Mailing Address (if different than
CEO or
residence)

 C. Special Debtors and Former Article 9 Debtors. Except as specifically identified
below none of the Grantors is: (i) a transmitting utility (as defined in Section 9-102(a)(80)), (ii) primarily engaged in farming operations (as defined in Section 9-102(a)(35)), (iii) a trust, (iv) a foreign air
carrier within the meaning of the federal aviation act of 1958, as amended, (v) a branch or agency of a bank which bank is not organized under the law of the United States or any state thereof or (vi) located (within the meaning of
Section 9-307) in the Commonwealth of Puerto Rico. 
  

			
	 Name of Debtor/Grantor
	  	Type of Special Grantor

 D. Trade Names/Assumed Names. 
 Current Trade Names. Set forth
below is each trade name or assumed name currently used by the Debtor or any other Grantor or by which the Debtor or any Grantor is known or is transacting any business: 

 

			
	 Debtor/Grantor
	  	Trade/Assumed Name

 E. Changes in Names, Jurisdiction of Organization or Corporate Structure.

 Except as set forth below, neither the Debtor nor any other Grantor has changed its name, jurisdiction of organization or
its corporate structure in any way (e.g. by merger, consolidation, change in corporate form, change in jurisdiction of organization or otherwise) within the past five (5) years: 

 

					
	 Debtor/Grantor
	  	Date of Change	  	Description of Change

 F. Prior Addresses. 
 Except as set forth below, neither the Debtor
nor any other Grantor has changed its chief executive office, or principal residence if the Debtor or a particular Grantor is a natural person, within the past five (5) years: 

 

			
	 Debtor/Grantor
	  	Prior Address/City/State/Zip Code

G. Acquisitions of Equity Interests or Assets. 
 Except as set forth below, neither the Debtor nor any Grantor has acquired the equity interests of another entity or substantially all the assets of another entity within the past five (5) years:

  

					
	 Debtor/Grantor
	  	Date of Acquisition	  	Description of Acquisition including full
legal name of seller and seller’s
jurisdiction of organization and seller’s
chief executive office

 H. Corporate Ownership and
Organizational Structure. 
 Attached as Exhibit
            hereto is a true and correct chart showing the ownership relationship of the Debtor and all of its affiliates. 

 I. Filings/Filing Offices. 

 

					
	 Debtor
	  	Type of Filing	  	Jurisdictions

 II. INFORMATION REGARDING CERTAIN COLLATERAL 
 A. Investment Related
Property 
 1. Equity Interests. Set forth below is a list of all equity interests owned by
the Debtor and each Grantor together with the type of organization which issued such equity interests (e.g. corporation, limited liability company, partnership or trust): 

 

															
	 Debtor/Grantor
	  	Issuer	  	Type of
Organization	  	# of
Shares
Owned	  	Total Shares
Outstanding	  	% of
Interest
Pledged	  	Certificate No.
(if uncertificated,
please indicate so)	  	Par Value

 2. Securities Accounts. Set forth below is a list of all securities accounts in which the Debtor or any other Grantor customarily maintains securities or other assets having an aggregate
value in excess of $1,000,000: 
  

					
	 Debtor/Grantor
	  	Type of Account	  	Name & Address of
Financial
Institutions

 3. Deposit Accounts. Set forth below is a list of all bank
accounts (checking, savings, money market or the like) in which the Debtor or any other Grantor customarily maintains in excess of $1,000,000: 
  

					
	 Debtor/Grantor
	  	Type of Account	  	Name & Address of
Financial
Institutions

 4. Debt Securities & Instruments. Set forth below is a list
of all debt securities and instruments owed to the Debtor or any other Grantor in the principal amount of greater than $1,000,000: 
  

							
	 Debtor/Grantor
	  	Issuer of Instrument	  	Principal Amount of Instrument	  	Maturity Date

 B. Intellectual Property. Set forth below is a list of all copyrights, patents, and trademark, all applications and licenses thereof and other intellectual property owned or used, or
hereafter adopted, held or used, by the Debtor and each other Grantor: 
 1. Copyrights, Copyright
Applications and Copyright Licenses 
  

									
	 Debtor/Grantor
	  	Title	  	Filing Date/Issued Date	  	Status	  	Application/
Registration No.

2. Patents, Patent Applications and Patent Licenses 

 

									
	 Debtor/Grantor
	  	Title	  	Filing Date/Issued Date	  	Status	  	Application/
Registration No.

 3. Trademarks, Trademark Applications and Trademark Licenses

  

									
	 Debtor/Grantor
	  	Title	  	Filing Date/Issued Date	  	Status	  	Application/
Registration No.

C. Tangible Personal Property in Possession of Warehousemen, Bailees and Other Third Parties. Except as set forth below, no
persons (including, without limitation, warehousemen and bailees) other than the Debtor or any other Grantor have possession of any material amount (fair market value of $1,000,000 or more) of tangible personal property of the Debtor or any other
Grantor: 
  

							
	 Debtor/Grantor
	  	Address/City/State/Zip Code	  	County	  	Description of
Assets and
Value

 D. Real Estate Related UCC Collateral 

1. Fixtures. Set forth below are all the locations where the Debtor or any other Grantor owns or leases any
real property: 
  

							
	 Debtor/Grantor
	  	Address/City/State/Zip Code	  	County	  	Owned or Leased

2. “As Extracted” Collateral. Set forth below are all the locations where the Debtor or any other
Grantor owns, leases or has an interest in any wellhead or minehead: 
  

					
	 Debtor/Grantor
	  	Address/City/State/Zip Code	  	County

 3. Timber to be Cut. Set forth below are all locations where
the Debtor or any other Grantor owns goods that are timber to be cut: 
  

					
	 Debtor/Grantor
	  	Address/City/State/Zip Code	  	County

 E. Commercial Tort Claims 

 III. AUTHORITY TO FILE FINANCING STATEMENTS 

The undersigned, on behalf of the Debtor and each other Grantor, hereby authorizes each of the Collateral Agents to file financing or
continuation statements, and amendments thereto, in all jurisdictions and with all filing offices as the Collateral Agents may determine, in each of their sole discretion, are necessary or advisable to perfect the security interest granted or to be
granted to each of the Collateral Agents under the applicable security agreements in connection with the credit agreement and indenture described in the first paragraph of this Perfection Certificate. Such financing statements may describe the
collateral in the same manner as described in the applicable security agreement or may contain an indication or description of collateral that describes such property in any other manner as the Collateral Agents may determine, in each of their sole
discretion, is necessary, advisable or prudent to ensure the perfection of the security interest in the collateral granted to each of the Collateral Agents, including, without limitation, describing such property as “all assets” or
“all personal property.” 
 IN WITNESS WHEREOF, the undersigned hereto has caused this Perfection
Certificate to be executed as of this 29th day of May,
2013 by its officer thereunto duly authorized. 
  

			
	BUILDERS FIRSTSOURCE, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	[INSERT NAME OF GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[INSERT NAME OF GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

 End Notes 
  

 

	1.	It is crucial that the full and exact name of each Grantor is given. Even seemingly minor errors such as substituting “n.a.” for “national
association” or “inc.” for “incorporated” may be seriously misleading in some states. 

	2.	Please note that the organizational identification number is not the same as the federal employer’s tax identification number. The organizational identification
number is customarily issued by the Secretary of State or State Corporations Department in the State under which the particular entity had been organized or formed and may be found on its organizational documents. 

	3.	If a Grantor does not have an organizational identification number, please indicate “none.” Additionally, organizational identification numbers are not
required for entities organized under the laws of New York, Delaware, Connecticut, Georgia or Ohio for financing statements filed in such states. Such organizational identification numbers nevertheless may be required for financing statements filed
in respect of entities organized under the foregoing states but filed in other states, e.g. in respect of fixtures. 

 EXHIBIT B 
 Form of Joinder Agreement 
 THIS JOINDER AGREEMENT (this
“Agreement”), dated as of             ,             , 20    , is entered into between
            , a             (the “New Subsidiary”) and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national
banking association, as Notes Collateral Agent under that certain Indenture dated as of May 29, 2013 (the “Closing Date”), among BUILDERS FIRSTSOURCE, INC., a Delaware corporation (the “Issuer”), the Guarantors
party thereto, and the Notes Collateral Agent (as amended, restated, extended, supplemented or otherwise modified from time to time, the “Indenture”). All capitalized terms used herein and not otherwise defined shall have the
meanings set forth in the Indenture. 
 The New Subsidiary and the Notes Collateral Agent, for the benefit of the Noteholder
Secured Parties, hereby agree as follows: 
 1. The New Subsidiary hereby acknowledges, agrees and confirms that, by its
execution of this Agreement, the New Subsidiary will be deemed to be a Grantor under the Notes Collateral Agreement dated as of the Closing Date, among the Issuer and certain Subsidiaries of the Issuer from time to time party thereto, in favor of
the Notes Collateral Agent for the benefit of the Noteholder Secured Parties (the “Notes Collateral Agreement”) for all purposes of the Notes Collateral Agreement and shall have all of the obligations of a Grantor thereunder as if
it had executed the Notes Collateral Agreement, including without limitation the grant pursuant to Article II of the Notes Collateral Agreement of a security interest to the Notes Collateral Agent for the benefit of the Noteholder Secured
Parties in the property and property rights constituting Collateral (as defined in Article II of the Notes Collateral Agreement) of such Grantor or in which such Grantor has or may have or acquire an interest or the power to transfer rights
therein, whether now owned or existing or hereafter created, acquired or arising and wherever located, as security for the payment and performance of the Secured Obligations, all with the same force and effect as if the New Subsidiary were a
signatory to the Notes Collateral Agreement. 
 The New Subsidiary hereby agrees that each reference in the Notes Collateral
Agreement to a Grantor shall also mean and be a reference to the New Subsidiary. 
 Attached to this Agreement are duly
completed schedules, Perfection Certificate and, if applicable, Intellectual Property Security Agreement, in each case, with respect to the New Subsidiary (the “Supplemental Schedules”) to the Notes Collateral Agreement. The New
Subsidiary represents and warrants that the information contained on each of the Supplemental Schedules with respect to such New Subsidiary and its properties and affairs is true, complete and accurate in all material respects as of the date hereof.

 The New Subsidiary hereby waives acceptance by the Notes Collateral Agent and the Noteholder Secured Parties of this
Agreement and acknowledges that the Secured Obligations are and shall be deemed to be incurred in reliance on this Agreement and the New Subsidiary’s joinder as a party to the Notes Collateral Agreement as herein provided. 

This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all
of which shall constitute one and the same instrument. 
 THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 

 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the New Subsidiary has caused this Agreement to be duly executed by its
authorized officer, and the Notes Collateral Agent, for the benefit of the Noteholder Secured Parties, has caused the same to be accepted by its authorized officer, as of the day and year first above written. 

 

			
	[NEW SUBSIDIARY]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	Acknowledged and accepted:
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Notes Collateral Agent
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 SCHEDULE I 
 Pledged Collateral 
 Pledged Collateral constituting Equity Interests 

 

									
	 Issuer
	  	Record
Owner/Grantor	  	Certificate No.
(if
applicable)	  	No. Shares/Interest	  	Percent
Pledged
		  		  		  		  	
		  		  		  		  	

 Pledged Collateral constituting Promissory Notes, Tangible Chattel Paper and Instruments 

 

									
	 Grantor
	  	Issuer	  	Initial Principal
Amount	  	Date of Issuance	  	Maturity Date
		  		  		  		  	
		  		  		  		  	

 EXHIBIT C 
 TRADEMARK SECURITY AGREEMENT 
 Trademark Security Agreement, dated as of
[            ], 20[ ], by and among [NAME OF GRANTOR], a [jurisdiction of formation] [corporation/limited liability company/limited partnership] (each individually, a
“Grantor”), in favor of WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, in its capacity as collateral agent pursuant to the Notes Collateral Agreement (in such capacity, the “Collateral
Agent”). 
 W I T N E S S
E T H: 
 WHEREAS, each Grantor is party to a Notes Collateral
Agreement, dated as of May 29, 2013 (as it may be from time to time amended, restated, modified or supplemented, the “Notes Collateral Agreement”), in favor of the Collateral Agent pursuant to which such Grantor is required to
execute and deliver this Trademark Security Agreement; 
 NOW, THEREFORE, in consideration of the
promises and to induce the Collateral Agent, on behalf of and for the benefit of the Noteholder Secured Parties, to enter into the Indenture (as defined in the Notes Collateral Agreement), each Grantor hereby agrees with the Collateral Agent as
follows: 
 SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Notes Collateral Agreement and
used herein have the meaning given to them in the Notes Collateral Agreement. 
 SECTION 2. Grant of Security Interest in
Trademark Collateral. Each Grantor hereby pledges and grants to the Collateral Agent on behalf of and for the benefit of the Noteholder 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 pledged Collateral of such Grantor: 
 (a) Trademarks of such Grantor listed on Schedule I
attached hereto; 
 (b) all goodwill associated with such Trademarks; and 

(c) all proceeds of any and all of the foregoing. 
 SECTION 3. Notes Collateral 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 Notes Collateral Agreement and each Grantor hereby acknowledges and affirms 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 Notes Collateral Agreement (and are expressly subject to the terms and conditions thereof), the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this
Trademark Security Agreement is deemed to conflict with the Notes Collateral Agreement, the provisions of the Notes Collateral Agreement shall control. 
 SECTION 4. Grantor Remains Liable. The Grantor hereby agrees that, anything herein to the contrary notwithstanding, the Grantor shall assume full and complete responsibility for the prosecution,
defense, enforcement or any other necessary or desirable actions in connection with its Trademarks subject to a security interest hereunder. 

 SECTION 5. Termination. Upon the termination of the Notes Collateral Agreement in
accordance with its terms, the Collateral Agent shall execute, acknowledge, and deliver to each Grantor an instrument in writing in recordable form releasing the collateral pledge, grant, assignment, lien and security interest in the Trademarks
under this Trademark Security Agreement. 
 SECTION 6. 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. 

SECTION 7. Intercreditor Agreements. Reference is made to the ABL/Bond Intercreditor Agreement, dated as of May 29, 2013,
among SunTrust Bank, as ABL Agent (as defined in the ABL/Bond Intercreditor Agreement) for the ABL Secured Parties referred to therein; Wilmington Trust, National Association, as Notes Collateral Agent (as defined in the ABL/Bond Intercreditor
Agreement) for the Notes Secured Parties referred to therein; each Additional Part Notes Debt Agent (as defined in the ABL/Bond Intercreditor Agreement), for the Pari Notes Debt Secured Parties referred to therein; Builders FirstSource, Inc. and the
Subsidiaries of Builders FirstSource, Inc. party thereto (the “ABL/Bond Intercreditor Agreement”). Each Person that is secured hereunder, by accepting the benefits of the security provided hereby, (i) consents (or is deemed to
consent), to the subordination of Liens provided for in the ABL/Bond Intercreditor Agreement, (ii) agrees (or is deemed to agree) that it will be bound by, and will take no actions contrary to, the provisions of the ABL/Bond Intercreditor
Agreement, (iii) authorizes (or is deemed to authorize) the Pari Notes Debt Agent on behalf of such Person to enter into, and perform under, the ABL/Bond Intercreditor Agreement and (iv) acknowledges (or is deemed to acknowledge) that a
copy of the ABL/Bond Intercreditor Agreement was delivered, or made available, to such Person. 
 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 ABL/Bond Intercreditor Agreement and, to the extent
provided therein, the applicable Security Documents (as defined in the ABL/Bond Intercreditor Agreement). In the event of any conflict or inconsistency between the provisions of this Trademark Security Agreement and the ABL/Bond Intercreditor
Agreement, the provisions of the ABL/Bond Intercreditor Agreement shall control. 
 SECTION 8. Governing Law. This
Trademark Security Agreement and the rights and obligations of the parties hereto shall be governed by, and construed and interpreted in accordance with, the law of the State of New York. 

[signature pages follow] 

 IN WITNESS WHEREOF, each Grantor has caused
this Trademark Security Agreement to be executed and delivered by its duly authorized offer as of the date first set forth above. 
  

			
	[NAME OF GRANTOR]
		
	By:	 	  

		 	 Name:

Title:

  
 [Signature
Page to Trademark Security Agreement] 

			
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,
 as Collateral Agent

		
	By:	 	  

		 	Name:
		 	Title:

  

  
 [Signature
Page to Trademark Security Agreement] 

 SCHEDULE I 
 to 
 TRADEMARK SECURITY AGREEMENT 

TRADEMARK REGISTRATIONS AND TRADEMARK APPLICATIONS 
 UNITED STATES TRADEMARKS: 
 Registrations: 

 

					
	 OWNER
	  	REGISTRATION
NUMBER	  	TRADEMARK

 Applications: 
  

							
	 OWNER
	  	APPLICATION
NUMBER	  	TRADEMARK	  	Status

 FORM OF PATENT SECURITY AGREEMENT 

Patent Security Agreement, dated as of [            ], 20[ ], by and among
[NAME OF GRANTOR], a [jurisdiction of formation] [corporation/limited liability company/limited partnership] (each individually, a “Grantor”), in favor of WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking
association, in its capacity as collateral agent pursuant to the Notes Collateral Agreement (in such capacity, the “Collateral Agent”). 
 W I T N E S S E T H: 

WHEREAS, each Grantor is party to a Notes Collateral Agreement, dated as of May 29, 2013 (as it may be from time to
time amended, restated, modified or supplemented, the “Notes Collateral Agreement”), in favor of the Collateral Agent pursuant to which such Grantor is required to execute and deliver this Patent Security Agreement; 

NOW, THEREFORE, in consideration of the promises and to induce the Collateral Agent, on behalf of and for
the benefit of the Noteholder Secured Parties, to enter into the Indenture (as defined in the Notes Collateral Agreement), each Grantor hereby agrees with the Collateral Agent as follows: 

SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Notes Collateral Agreement and used herein have the
meaning given to them in the Notes Collateral Agreement. 
 SECTION 2. Grant of Security Interest in Patent Collateral.
The Grantor hereby pledges and grants to the Collateral Agent on behalf of and for the benefit of the Noteholder 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
pledged Collateral of such Grantor: 
 (a) Patents of such Grantor listed on Schedule I attached hereto; and 

(b) all proceeds of any and all of the foregoing. 
 SECTION 3. Notes Collateral 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 Notes Collateral Agreement and the Grantor hereby acknowledges and affirms 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 Notes Collateral Agreement (and are expressly subject to the terms and conditions thereof), the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Patent
Security Agreement is deemed to conflict with the Notes Collateral Agreement, the provisions of the Notes Collateral Agreement shall control. 
 SECTION 4. Grantor Remains Liable. The Grantor hereby agrees that, anything herein to the contrary notwithstanding, the Grantor shall assume full and complete responsibility for the prosecution,
defense, enforcement or any other necessary or desirable actions in connection with its Patents subject to a security interest hereunder. 
 SECTION 5. Termination. Upon the termination of the Notes Collateral Agreement in accordance with its terms, the Collateral Agent shall execute, acknowledge, and deliver to the Grantor an
instrument in writing in recordable form releasing the collateral pledge, grant, assignment, lien and security interest in the Patents under this Patent Security Agreement. 

 SECTION 6. 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. 

SECTION 7. Intercreditor Agreements. Reference is made to the ABL/Bond Intercreditor Agreement, dated as of May 29, 2013,
among SunTrust Bank, as ABL Agent (as defined in the ABL/Bond Intercreditor Agreement) for the ABL Secured Parties referred to therein; Wilmington Trust, National Association, as Notes Collateral Agent (as defined in the ABL/Bond Intercreditor
Agreement) for the Notes Secured Parties referred to therein; each Additional Part Notes Debt Agent (as defined in the ABL/Bond Intercreditor Agreement), for the Pari Notes Debt Secured Parties referred to therein; Builders FirstSource, Inc. and the
Subsidiaries of Builders FirstSource, Inc. party thereto (the “ABL/Bond Intercreditor Agreement”). Each Person that is secured hereunder, by accepting the benefits of the security provided hereby, (i) consents (or is deemed to
consent), to the subordination of Liens provided for in the ABL/Bond Intercreditor Agreement, (ii) agrees (or is deemed to agree) that it will be bound by, and will take no actions contrary to, the provisions of the ABL/Bond Intercreditor
Agreement, (iii) authorizes (or is deemed to authorize) the Pari Notes Debt Agent on behalf of such Person to enter into, and perform under, the ABL/Bond Intercreditor Agreement and (iv) acknowledges (or is deemed to acknowledge) that a
copy of the ABL/Bond Intercreditor Agreement was delivered, or made available, to such Person. 
 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 ABL/Bond Intercreditor Agreement and, to the extent
provided therein, the applicable Security Documents (as defined in the ABL/Bond Intercreditor Agreement). In the event of any conflict or inconsistency between the provisions of this Patent Security Agreement and the ABL/Bond Intercreditor
Agreement, the provisions of the ABL/Bond Intercreditor Agreement shall control. 
 SECTION 8. Governing Law. This Patent
Security Agreement and the rights and obligations of the parties hereto shall be governed by, and construed and interpreted in accordance with, the law of the State of New York. 

[signature pages follow] 

 IN WITNESS WHEREOF, each Grantor has caused
this Patent Security Agreement to be executed and delivered by its duly authorized offer as of the date first set forth above. 
  

			
	[NAME OF GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION,
	as Collateral Agent
		
	By:	 	  

		 	Name:
		 	Title:

 SCHEDULE I 
 to 
 PATENT SECURITY AGREEMENT 

UNITED STATES PATENT REGISTRATIONS AND PATENT APPLICATIONS 
 Patent Registrations: 
 Patent Applications: 

 

							
	 OWNER
	  	APPLICATION NUMBER	  	PUBLICATION NUMBER	  	NAME
		  		  		  	
		  		  		  	

 FORM OF COPYRIGHT SECURITY AGREEMENT 

Copyright Security Agreement, dated as of [    ], 20[ ], by and among [NAME OF GRANTOR], a [jurisdiction of
formation] [corporation/limited liability company/limited partnership] (each individually, a “Grantor”), in favor of WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, in its capacity as collateral agent
pursuant to the Notes Collateral Agreement (in such capacity, the “Collateral Agent”). 
 W I
T N E S S E T H: 
 WHEREAS, each Grantor is party to a Notes Collateral Agreement, dated as of May 29, 2013 (as it may be from time to time amended, restated, modified or supplemented, the “Notes
Collateral Agreement”), in favor of the Collateral Agent pursuant to which such Grantor is required to execute and deliver this Copyright Security Agreement; 
 NOW, THEREFORE, in consideration of the promises and to induce the Collateral Agent, on behalf of and for the benefit of the Noteholder Secured Parties, to enter into the
Indenture (as defined in the Notes Collateral Agreement), the Grantor hereby agrees with the Collateral Agent as follows: 

SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Notes Collateral Agreement and used herein have the
meaning given to them in the Notes Collateral Agreement. 
 SECTION 2. Grant of Security Interest in Copyright
Collateral. The Grantor hereby pledges and grants to the Collateral Agent on behalf of and for the benefit of the Noteholder Secured Parties a lien on and security interest in and to all of its right, title and interest in, to and under all
Copyrights of such Grantor listed on Schedule I attached hereto. 
 SECTION 3. Notes Collateral 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 Notes Collateral Agreement and Grantor hereby acknowledges and affirms 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 Notes Collateral Agreement (and are expressly subject to the terms and conditions thereof),
the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Copyright Security Agreement is deemed to conflict with the Notes Collateral Agreement, the provisions of
the Notes Collateral Agreement shall control unless the Collateral Agent shall otherwise determine. 
 SECTION 4.
Grantor Remains Liable. The Grantor hereby agrees that, anything herein to the contrary notwithstanding, the Grantor shall assume full and complete responsibility for the prosecution, defense, enforcement or any other necessary or desirable
actions in connection with its Copyrights subject to a security interest hereunder. 
 SECTION 5. Termination.
Upon the payment in full of the Secured Obligations and termination of the Notes Collateral Agreement, the Collateral Agent shall execute, acknowledge, and deliver to the Grantor an instrument in writing in recordable form releasing the collateral
pledge, grant, assignment, lien and security interest in the Copyrights under this Copyright Security Agreement. 
 SECTION 6.
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. 

 SECTION 7. Intercreditor Agreements. Reference is made to the ABL/Bond Intercreditor
Agreement, dated as of May 29, 2013, among SunTrust Bank, as ABL Agent (as defined in the ABL/Bond Intercreditor Agreement) for the ABL Secured Parties referred to therein; Wilmington Trust, National Association, as Notes Collateral Agent (as
defined in the ABL/Bond Intercreditor Agreement) for the Notes Secured Parties referred to therein; each Additional Part Notes Debt Agent (as defined in the ABL/Bond Intercreditor Agreement), for the Pari Notes Debt Secured Parties referred to
therein; Builders FirstSource, Inc. and the Subsidiaries of Builders FirstSource, Inc. party thereto (the “ABL/Bond Intercreditor Agreement”). Each Person that is secured hereunder, by accepting the benefits of the security provided
hereby, (i) consents (or is deemed to consent), to the subordination of Liens provided for in the ABL/Bond Intercreditor Agreement, (ii) agrees (or is deemed to agree) that it will be bound by, and will take no actions contrary to, the
provisions of the ABL/Bond Intercreditor Agreement, (iii) authorizes (or is deemed to authorize) the Pari Notes Debt Agent on behalf of such Person to enter into, and perform under, the ABL/Bond Intercreditor Agreement and
(iv) acknowledges (or is deemed to acknowledge) that a copy of the ABL/Bond Intercreditor Agreement was delivered, or made available, to such Person. 
 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 ABL/Bond Intercreditor Agreement and, to the extent provided therein, the applicable Security Documents (as defined in the ABL/Bond Intercreditor Agreement). In the event of any conflict or inconsistency between the provisions of
this Copyright Security Agreement and the ABL/Bond Intercreditor Agreement, the provisions of the ABL/Bond Intercreditor Agreement shall control. 
 SECTION 8. Governing Law. This Copyright Security Agreement and the rights and obligations of the parties hereto shall be governed by, and construed and interpreted in accordance with, the law of
the State of New York. 
 [signature pages follow] 

 IN WITNESS WHEREOF, each Grantor has caused
this Copyright Security Agreement to be executed and delivered by its duly authorized offer as of the date first set forth above. 
  

			
	[NAME OF GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION,
	as Collateral Agent
		
	By:	 	  

		 	Name:
		 	Title:

 SCHEDULE I 
 to 
 COPYRIGHT SECURITY AGREEMENT 

UNITED STATES COPYRIGHT REGISTRATIONS AND COPYRIGHT APPLICATIONS 
 Copyright Registrations: 
  

					
	 OWNER
	  	TITLE	  	REGISTRATION
NO.
		  		  	
		  		  	

 EXHIBIT D 
 Form of Supplement to Notes Collateral Agreement 
 This SUPPLEMENT TO
NOTES COLLATERAL AGREEMENT, dated as of [            ] (this “Supplement”), is made by [NAME OF GRANTOR], a [state of incorporation] [corporation] (the
“Grantor”), in favor of WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, as collateral agent (the “Agent”) for the Noteholder Secured Parties (as defined in the Notes Collateral Agreement
referred to below). All capitalized terms not defined herein shall have the meanings assigned to them in the Notes Collateral Agreement. 
 WHEREAS, BUILDERS FIRSTSOURCE, INC., a Delaware corporation (the “Issuer”), the Subsidiaries of the Issuer party thereto and the Agent have entered into an Indenture, dated
as of May 29, 2013 (as amended, restated, supplemented, replaced, increased, refinanced or otherwise modified from time to time, the “Indenture”); 
 WHEREAS, in connection with the Indenture, the Issuer and certain of its Subsidiaries have entered into the Notes Collateral Agreement, dated as of May 29, 2013 (as amended, restated,
supplemented or otherwise modified from time to time, the “Notes Collateral Agreement”), in favor of the Agent for the benefit of the Noteholder Secured Parties; and 

NOW, THEREFORE, in consideration of the premises and in order to ensure compliance with the Indenture, the Grantor hereby agrees
as follows: 
 SECTION 1. Additional Pledge. The Grantor hereby: 

(a) pledges, assigns and grants to the Agent, for the benefit of the Noteholder Secured Parties, and grants to the Agent, on behalf of and
for the benefit of the Noteholder Secured Parties, and to secure prompt and complete payment and performance of all Secured Obigations, a security interest in all of the Grantor’s right, title and interest in, to and under: 

(i) the shares of Capital Stock and Stock Equivalents more particularly described in Schedule I hereto and the
certificates, if any, evidencing such shares (the “Additional Pledged Securities”) and all cash, instruments and other property from time to time received, receivable or otherwise distributed in exchange for any and all of such
Additional Pledged Securities; and 
 (ii) all other Collateral (as defined in the Notes Collateral Agreement)
relating to the Additional Pledged Securities (together with the items described in clause (i) above, the “Additional Pledged Collateral”); and 
 (b) delivers to the Agent, for the benefit of the Noteholder Secured Parties, all of the Grantor’s right, title and interest in and to the certificates and instruments, if any, evidencing the
Additional Pledged Collateral, accompanied by instruments of transfer or assignment, duly executed in blank. 

SECTION 2. Representations and Warranties. The Grantor hereby restates each representation and warranty set forth in
Article III of the Notes Collateral Agreement, as supplemented by this Supplement, as of the date hereof with respect to the Additional Pledged Collateral. 

 SECTION 3. Additional Pledged Collateral. By execution and delivery of
this Supplement, the Additional Pledged Collateral shall become a part of the Collateral referred to in the Notes Collateral Agreement and shall secure the Secured Obligations as if such Additional Pledged Collateral were Collateral on the Closing
Date, and shall be subject to all of the terms and conditions governing Collateral under the Notes Collateral Agreement. From and after the date hereof, Schedule I to the Notes Collateral Agreement is hereby amended to add the Additional
Pledged Collateral. 
 SECTION 4. Binding Effect. This Supplement shall become effective when it shall have
been executed by the Grantor and thereafter shall be binding upon the Grantor and shall inure to the benefit of the Agent and the Noteholder Secured Parties. Upon the effectiveness of this Supplement, this Supplement shall be deemed to be a part of
and shall be subject to all of the terms and conditions of the Notes Collateral Agreement. The Grantor shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of the Noteholder Secured
Parties. 
 SECTION 5. Governing Law. THIS SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW PRINCIPLES THEREOF) OF THE STATE OF NEW YORK. 
 SECTION 6. Execution in Counterparts. This Supplement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which
taken together shall constitute one and the same agreement. 

 IN WITNESS WHEREOF, the Grantor has caused this Supplement to be duly executed and
delivered by its duly authorized officer as of the date first above written. 
  

			
	[NAME OF GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

 Acknowledged and Agreed to as of the date hereof: 

 

			
	AGENT:
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION
		
	By:	 	  

		 	Name:
		 	Title:

 SCHEDULE I 
 Additional Pledged Securities

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