Document:

EX-10.2

 Exhibit 10.2 
  

 
  

GUARANTEE AGREEMENT 
 dated as of

 April 30, 2021, 
 among

 GOGO INC., 
 GOGO
INTERMEDIATE HOLDINGS LLC, 
 THE OTHER GUARANTORS PARTY HERETO 

and 
 MORGAN STANLEY SENIOR
FUNDING, INC., 
 as Collateral Agent 
  

 
  

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	ARTICLE I	  			
		
	DEFINITIONS	  			
			
	SECTION 1.01.	 	CREDIT AGREEMENT	  	 	1	 
	SECTION 1.02.	 	OTHER DEFINED TERMS	  	 	1	 
		
	ARTICLE II	  			
		
	THE GUARANTEES	  			
			
	SECTION 2.01.	 	GUARANTEE	  	 	2	 
	SECTION 2.02.	 	GUARANTEE OF PAYMENT; CONTINUING GUARANTEE	  	 	3	 
	SECTION 2.03.	 	NO LIMITATIONS	  	 	3	 
	SECTION 2.04.	 	REINSTATEMENT	  	 	4	 
	SECTION 2.05.	 	AGREEMENT TO PAY; SUBROGATION	  	 	4	 
	SECTION 2.06.	 	INFORMATION	  	 	5	 
	SECTION 2.07.	 	PAYMENTS FREE OF TAXES	  	 	5	 
		
	ARTICLE III	  			
		
	INDEMNITY, SUBROGATION AND SUBORDINATION	  			
			
	SECTION 3.01.	 	INDEMNITY AND SUBROGATION	  	 	5	 
	SECTION 3.02.	 	CONTRIBUTION AND SUBROGATION	  	 	5	 
	SECTION 3.03.	 	SUBORDINATION	  	 	6	 
		
	ARTICLE IV	  			
		
	REPRESENTATIONS AND WARRANTIES	  			
		
	ARTICLE V	  			
		
	MISCELLANEOUS	  			
			
	SECTION 5.01.	 	NOTICES	  	 	6	 
	SECTION 5.02.	 	WAIVERS; AMENDMENT	  	 	7	 
	SECTION 5.03.	 	COLLATERAL AGENT’S FEES AND EXPENSES; INDEMNIFICATION	  	 	7	 
	SECTION 5.04.	 	SUCCESSORS AND ASSIGNS	  	 	8	 
	SECTION 5.05.	 	SURVIVAL OF AGREEMENT	  	 	8	 
	SECTION 5.06.	 	COUNTERPARTS; EFFECTIVENESS; SEVERAL AGREEMENT	  	 	8	 
	SECTION 5.07.	 	SEVERABILITY	  	 	8	 
	SECTION 5.08.	 	RIGHT OF SETOFF	  	 	8	 
	SECTION 5.09.	 	GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS; APPOINTMENT OF SERVICE OF PROCESS AGENT	  	 	9	 

  
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	SECTION 5.10.	 	WAIVER OF JURY TRIAL	  	 	10	 
	SECTION 5.11.	 	HEADINGS	  	 	10	 
	SECTION 5.12.	 	TERMINATION OR RELEASE	  	 	10	 
	SECTION 5.13.	 	ADDITIONAL GUARANTORS	  	 	10	 
	SECTION 5.14.	 	KEEPWELL	  	 	10	 

  

  
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 GUARANTEE AGREEMENT dated as of April 30, 2021 (as amended, restated, supplemented or
otherwise modified from time to time, this “Agreement”), among Gogo Inc., a Delaware corporation (“Holdings”), Gogo Intermediate Holdings LLC, a Delaware limited liability company (“Gogo” or the
“Borrower”), the other Guarantors from time to time party hereto and Morgan Stanley Senior Funding, Inc., as Collateral Agent and Administrative Agent, in each case on behalf of itself and the other Secured Parties (in such
capacities, collectively, the “Collateral Agent”). 
 Reference is made to (i) the Credit Agreement dated as of the
Effective Date (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Holdings, Gogo, the Lenders and the Issuing Banks from time to time party thereto and Morgan Stanley Senior
Funding, Inc., as Administrative Agent and (ii) the Collateral Agreement dated as of the Effective Date (as amended, restated, supplemented or otherwise modified from time to time, the “Collateral Agreement”), among Holdings,
Gogo and the other Grantors party thereto (each as defined therein) and the Collateral Agent. 
 WHEREAS, the Lenders and the Issuing Banks
have agreed to extend credit to the Borrower subject to the terms and conditions set forth in the Credit Agreement; 
 WHEREAS, the
obligations of the Lenders and the Issuing Banks to extend such credit are conditioned upon, among other things, the execution and delivery of this Agreement; and 

WHEREAS, Holdings and the other Guarantors are affiliates of the Borrower, will derive substantial benefits from the extension of credit to
the Borrower pursuant to the Credit Agreement and are willing to execute and deliver this Agreement in order to induce the Lenders and the Issuing Banks to extend such credit. 

NOW, THEREFORE, the parties hereto agree as follows: 

ARTICLE I 
 DEFINITIONS 

SECTION 1.01. Credit Agreement. (a) Capitalized terms used in this Agreement (including in the introductory paragraph hereto) and
not otherwise defined herein have the meanings specified in the Credit Agreement. 
 (b) The rules of construction specified in
Sections 1.03, 1.04 and 1.05 of the Credit Agreement also apply to this Agreement, mutatis mutandis. 
 SECTION 1.02.
Other Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 

“Agreement” has the meaning assigned to such term in the introductory paragraph to this Agreement. 

“Borrower” has the meaning assigned to such term in the introductory paragraph to this Agreement. 

“Claiming Party” has the meaning assigned to such term in Section 3.02. 

“Contributing Party” has the meaning assigned to such term in Section 3.02. 

 “Collateral Agent” has the meaning assigned to such term in the
introductory paragraph to this Agreement. 
 “Credit Agreement” has the meaning assigned to such term in the introductory
paragraph to this Agreement. 
 “Gogo” has the meaning assigned to such term in the introductory paragraph to this
Agreement. 
 “Guarantors” means Holdings, the Borrower and the Subsidiary Guarantors. 

“Holdings” has the meaning assigned to such term in the introductory paragraph to this Agreement. 

“Qualified ECP Loan Party” means, in respect of any Secured Swap Obligation, each Loan Party that has total assets exceeding
$10,000,000 at the time the relevant Guarantee or grant of the relevant security interest becomes effective with respect to such Secured Swap Obligation or such other person as constitutes an “eligible contract participant” under the
Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity
Exchange Act. 
 “Subsidiary Guarantors” means the Subsidiaries of the Borrower identified as such on Schedule I
hereto and each other Subsidiary of the Borrower that becomes a party to this Agreement as a Subsidiary Guarantor after the Effective Date pursuant to Section 5.13; provided that if a Subsidiary is released from its obligations as a
Subsidiary Guarantor hereunder as provided in Section 5.12(b), such Subsidiary shall cease to be a Subsidiary Guarantor hereunder effective upon such release. For the avoidance of doubt, Subsidiary Guarantors are referred to as “Subsidiary
Loan Parties” in the Credit Agreement. 
 “Supplement” means an instrument in the form of
Exhibit A hereto, or any other form approved by the Collateral Agent, and in each case reasonably satisfactory to the Collateral Agent. 

ARTICLE II 
 THE GUARANTEES

 SECTION 2.01. Guarantee. Each Guarantor irrevocably and unconditionally guarantees to each of the Secured Parties, jointly
with the other Guarantors and severally, the due and punctual payment and performance of the Secured Obligations. Each Guarantor further agrees that the Secured Obligations may be extended or renewed, in whole or in part, or amended or modified,
without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding any such extension or renewal, or amendment or modification, of any of the Secured Obligations. Each Guarantor waives presentment
to, demand of payment from and protest to the Borrower or any other Loan Party of any of the Secured Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. Notwithstanding anything to the contrary
contained herein, the obligations of each Guarantor hereunder at any time shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance as a fraudulent transfer or conveyance
under Section 548 of the Bankruptcy Code or any comparable provisions of any other applicable law. 

  
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 SECTION 2.02. Guarantee of Payment; Continuing Guarantee. Each Guarantor further
agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy or similar proceeding shall have stayed the accrual of collection of any of the Secured Obligations or operated as a discharge thereof)
and not merely of collection, and waives any right to require that any resort be had by the Collateral Agent or any other Secured Party to any security held for the payment of any of the Secured Obligations or to any balance of any deposit account
or credit on the books of the Collateral Agent or any other Secured Party in favor of the Borrower, any other Loan Party or any other Person. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to all of the
Secured Obligations, whether currently existing or hereafter incurred. 
 SECTION 2.03. No Limitations. (a) Except for the
termination or release of a Guarantor’s obligations hereunder as expressly provided in Section 5.12, the obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason,
including any claim of waiver, release, surrender, alteration or compromise of any of the Secured Obligations, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity,
illegality or unenforceability of any of the Secured Obligations, any impossibility in the performance of any of the Secured Obligations or otherwise. Without limiting the generality of the foregoing, except for the termination or release of
its obligations hereunder as expressly provided in Section 5.12, the obligations of each Guarantor hereunder shall not be discharged or impaired or otherwise affected by: 

(i) the failure of any Secured Party or any other Person to assert any claim or demand or to enforce any right or remedy under
the provisions of any Loan Document or otherwise; 
 (ii) any rescission, waiver, amendment, restatement or modification of,
or any release from any of the terms or provisions of, any Loan Document or any other agreement, including with respect to any other Guarantor under this Agreement; 

(iii) the release of, or any impairment of or failure to perfect any Lien on, any security held by any Secured Party for any of
the Secured Obligations; 
 (iv) any default, failure or delay, willful or otherwise, in the performance of any of the
Secured Obligations; 
 (v) any other act or omission that may or might in any manner or to any extent vary the risk of any
Guarantor or otherwise operate as a discharge of any Guarantor as a matter of law or equity (other than the occurrence of the Termination Date); 

(vi) any illegality, lack of validity or lack of enforceability of any of the Secured Obligations; 

(vii) any change in the corporate existence, structure or ownership of any Loan Party, including by way of merger or
amalgamation, or any insolvency, bankruptcy, reorganization or other similar proceeding affecting any Loan Party or its assets or any resulting release or discharge of any of the Secured Obligations; 

(viii) the existence of any claim, setoff or other rights that any Guarantor may have at any time against the Borrower, the
Collateral Agent, any other Secured Party or any other Person, whether in connection with the Credit Agreement, the other Loan Documents or any unrelated transaction; 

  
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 (ix) this Agreement having been determined (on whatsoever grounds) to be
invalid, non-binding or unenforceable against any other Guarantor ab initio or at any time after the Effective Date; 

(x) the fact that any Person that, pursuant to the Loan Documents, was required to become a party hereto may not have executed
or is not effectually bound by this Agreement, whether or not this fact is known to the Secured Parties; 
 (xi) any action
permitted or authorized hereunder; or 
 (xii) any other circumstance, or any existence of or reliance on any representation
by the Collateral Agent, any Secured Party or any other Person, that might otherwise constitute a defense to, or a legal or equitable discharge of, the Borrower, any Guarantor or any other guarantor or surety (other than the occurrence of the
Termination Date). 
 Each Guarantor expressly authorizes the Secured Parties to take and hold security in accordance with the terms of the
Loan Documents for the payment and performance of the Secured Obligations, to exchange, waive or release any or all such security (with or without consideration), to enforce or apply such security and direct the order and manner of any sale thereof
in their sole discretion or to release or substitute any one or more other guarantors or obligors upon or in respect of the Secured Obligations, all without affecting the obligations of any Guarantor hereunder. 

(b) To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of any defense of the
Borrower or any other Loan Party or the unenforceability of the Secured Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Borrower or any other Loan Party (other than the occurrence of the
Termination Date or the release of such Guarantor’s obligations as expressly provided in Section 5.12). The Collateral Agent and the other Secured Parties may, at their election and in accordance with the terms of the Loan Documents,
foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Secured Obligations, make any other
accommodation with the Borrower or any other Loan Party or exercise any other right or remedy available to them against the Borrower or any other Loan Party, without affecting or impairing in any way the liability of any Guarantor hereunder except
to the extent the Termination Date has occurred. To the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to
extinguish any right of reimbursement or subrogation or other right or remedy of such Guarantor against the Borrower or any other Loan Party, as the case may be, or any security. 

SECTION 2.04. Reinstatement. Each Guarantor agrees that, unless released pursuant to Section 5.12(b), its guarantee hereunder
shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Secured Obligations is rescinded or must otherwise be restored by any Secured Party upon the insolvency, bankruptcy or
reorganization (or any analogous proceeding in any jurisdiction) of the Borrower, any other Loan Party or otherwise. 
 SECTION 2.05.
Agreement to Pay; Subrogation. In furtherance of the foregoing and not in limitation of any other right that the Collateral Agent or any other Secured Party has at applicable law or in equity against any Guarantor by virtue hereof, upon the
failure of the Borrower or any other Loan Party to pay any Secured Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, each Guarantor hereby promises to and will forthwith
pay, or cause to be paid, to the Collateral Agent for distribution to the applicable Secured Parties in cash the amount of 

  
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such unpaid Secured Obligation. Upon payment by any Guarantor of any sums to the Collateral Agent as provided above, all rights of such Guarantor against the Borrower or any other Loan Party
arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to Article III. 

SECTION 2.06. Information. Each Guarantor assumes all responsibility for being and keeping itself informed of the Borrower’s and
each other Loan Party’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Secured Obligations and the nature, scope and extent of the risks that such Guarantor assumes and incurs
hereunder, and agrees that none of the Secured Parties will have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or risks. 

SECTION 2.07. Payments Free of Taxes. Any and all payments by or on account of any obligation of any Guarantor hereunder or under any
other Loan Document shall be made free and clear of and without deduction for any Indemnified Taxes or Other Taxes on the same terms and to the same extent that payments by the Borrower are required to be so made pursuant to the terms of
Section 2.17 of the Credit Agreement. The provisions of Section 2.17 of the Credit Agreement shall apply to the Collateral Agent and each Guarantor, mutatis mutandis. 

ARTICLE III 
 INDEMNITY,
SUBROGATION AND SUBORDINATION 
 SECTION 3.01. Indemnity and Subrogation. In addition to all such rights of indemnity and
subrogation as the Guarantors may have under applicable law (but subject to Section 3.03) in respect of any payment hereunder, the Borrower agrees that (a) in the event a payment in respect of any obligation of the Borrower shall be made
by any Guarantor under this Agreement, the Borrower shall indemnify such Guarantor for the full amount of such payment and such Guarantor shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such
payment and (b) in the event any assets of any Guarantor shall be sold pursuant to any Security Document to satisfy in whole or in part any Secured Obligations owed to any Secured Party, the Borrower shall indemnify such Guarantor in an amount
equal to the greater of the book value or the fair market value of the assets so sold. 
 SECTION 3.02. Contribution and Subrogation.
Each Guarantor (a “Contributing Party”) agrees (subject to Section 3.03) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Secured Obligations or assets of any other Guarantor (other
than the Borrower) shall be sold pursuant to any Security Document to satisfy any Secured Obligation owed to any Secured Party and such other Guarantor (the “Claiming Party”) shall not have been fully indemnified as provided in
Section 3.01, the Contributing Party shall indemnify the Claiming Party in an amount equal to the amount of such payment or the greater of the book value or the fair market value of such assets, as the case may be, in each case multiplied by a
fraction of which the numerator shall be the net worth of the Contributing Party on the Effective Date (or, in the case of any Guarantor becoming a party hereto pursuant to Section 5.13, the date of the Supplement executed and delivered by such
Guarantor) and the denominator shall be the aggregate net worth of all the Guarantors on the Effective Date (or, in the case of any Guarantor becoming a party hereto pursuant to Section 5.13, such other date). Any Contributing Party making any
payment to a Claiming Party pursuant to this Section 3.02 shall be subrogated to the rights of such Claiming Party under Section 3.01 to the extent of such payment. 

  
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 SECTION 3.03. Subordination. (a) Notwithstanding any provision of this Agreement
to the contrary, all rights of the Guarantors under Sections 3.01 and 3.02 and all other rights of the Guarantors of indemnity, contribution or subrogation under applicable law or otherwise shall be fully subordinated to the payment in full in
cash of all the Secured Obligations (other than (x) Secured Swap Obligations not yet due and payable, (y) Secured Cash Management Obligations not yet due and payable and (z) contingent obligations not yet accrued and payable) and all
Letters of Credit have expired or been terminated (other than Letters of Credit that have been cash collateralized or backstopped by an institution and otherwise pursuant to arrangements reasonably satisfactory to the applicable Issuing Bank). No
failure on the part of the Borrower or any Guarantor to make the payments required by Sections 3.01 and 3.02 (or any other payments required under applicable law or otherwise) shall in any respect limit the obligations and liabilities of any
Guarantor with respect to its obligations hereunder, and each Guarantor shall remain liable for the full amount of the obligations of such Guarantor hereunder. 

(b) Each Guarantor hereby agrees that upon the occurrence and during the continuance of an Event of Default and after notice from the
Collateral Agent (provided that no such notice shall be required to be given in the case of any Event of Default arising under Section 7.01(h) or 7.01(i) of the Credit Agreement), all Indebtedness and other monetary obligations owed by
it to, or to it by, any other Guarantor or any other Subsidiary of Holdings shall be fully subordinated to the payment in full in cash of all the Secured Obligations (other than (x) Secured Swap Obligations not yet due and payable,
(y) Secured Cash Management Obligations not yet due and payable and (z) contingent obligations not yet accrued and payable) and all Letters of Credit have expired or been terminated (other than Letters of Credit that have been cash
collateralized or backstopped by an institution and otherwise pursuant to arrangements reasonably satisfactory to the applicable Issuing Bank). 

ARTICLE IV 
 REPRESENTATIONS AND
WARRANTIES 
 Each Guarantor represents and warrants to the Collateral Agent and the other Secured Parties that (a) the execution,
delivery and performance by such Guarantor of this Agreement have been duly authorized by all necessary corporate or other action and, if required, action by the holders of such Guarantor’s Equity Interests, and that this Agreement has been
duly executed and delivered by such Guarantor and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or
other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law, and (b) all representations and warranties set forth in the Credit
Agreement as to such Guarantor are true and correct in all material respects; provided that, to the extent such representations and warranties specifically refer to an earlier date, they are true and correct in all material respects as of
such earlier date; provided, further that any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language is true and correct in all respects. 

ARTICLE V 
 MISCELLANEOUS

 SECTION 5.01. Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in
writing and given as provided in Section 9.01 of the Credit Agreement. All communications and notices hereunder to any Guarantor shall be given to it in care of Holdings as provided in Section 9.01 of the Credit Agreement. 

  
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 SECTION 5.02. Waivers; Amendment. (a) No failure or delay by the Collateral
Agent or any other Secured Party in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance
of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Collateral Agent and the other Secured Parties hereunder and under the other Loan
Documents are cumulative and are not exclusive of any rights or remedies that the Collateral Agent and the other Secured Parties would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Loan Party
therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 5.02, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given.
Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Collateral Agent, any Lender or any Issuing Bank may have had
notice or knowledge of such Default at the time. No notice or demand on any Loan Party in any case shall entitle any Loan Party to any other or further notice or demand in similar or other circumstances. 

(b) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in
writing entered into by the Collateral Agent and the Guarantor or Guarantors with respect to which such waiver, amendment or modification is to apply, subject to any consent required in accordance with Section 9.02 of the Credit Agreement;
provided that the Collateral Agent may, without the consent of any Secured Party, consent to a departure by any Guarantor from any covenant of such Guarantor set forth herein to the extent such departure is consistent with the authority of
the Collateral Agent set forth in the definition of the terms “Collateral and Guarantee Requirement” or “Excluded Subsidiary” in the Credit Agreement or in Section 9.02(b) of the Credit Agreement. 

SECTION 5.03. Collateral Agent’s Fees and Expenses; Indemnification. (a) Each Guarantor, jointly with the other
Guarantors and severally, agrees to reimburse the Collateral Agent for its fees and expenses incurred hereunder as provided in Section 9.03(a) and Section 9.03(b) of the Credit Agreement; provided that each reference therein to the
“Borrower” shall be deemed to be a reference to “each Guarantor.” 
 (b) To the fullest extent permitted by applicable
law, no Guarantor shall assert, and each Guarantor hereby waives, any claim against any Indemnitee (i) for any direct or actual damages arising from the use by unintended recipients of information or other materials distributed to such
unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems (including the Internet) in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby
or thereby; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such direct or actual damages are determined by a court of competent jurisdiction in a final and
non-appealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of, or a material breach of the Loan Documents by, such Indemnitee or its Related Parties, or (ii) on
any theory of liability, for special, indirect, consequential, incidental, exemplary or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of this Agreement, any Loan Document or any
agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. 

(c) The provisions of this Section 5.03 shall remain operative and in full force and effect regardless of the termination of this
Agreement or any other Loan Document, the consummation of the transactions contemplated hereby or thereby, the repayment of any of the Secured Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other
Loan Document, or any investigation made by or on behalf of any Secured Party. All amounts due under this Section 5.03 shall be payable at the time set forth in Section 9.03(g) of the Credit Agreement. Any such amounts payable as provided
hereunder shall be additional Secured Obligations. 

  
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 SECTION 5.04. Successors and Assigns. Whenever in this Agreement any of the parties
hereto is referred to, such reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any Guarantor or the Collateral Agent that are contained in this
Agreement shall bind and inure to the benefit of their respective successors and assigns. 
 SECTION 5.05. Survival of Agreement. All
covenants, agreements, representations and warranties made by the Loan Parties in this Agreement and the other Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement and the other Loan
Documents shall be considered to have been relied upon by the Secured Parties and shall survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made
by or on behalf of any Secured Party and notwithstanding that the Collateral Agent, any Issuing Bank, any Lender or any other Secured Party may have had notice or knowledge of any Default or incorrect representation or warranty at the time any
credit is extended under the Credit Agreement or any other Loan Document, and shall continue in full force and effect until the Termination Date has occurred, in each case, in accordance with and subject to the limitations set forth in
Section 9.05 of the Credit Agreement. 
 SECTION 5.06. Counterparts; Effectiveness; Several Agreement. This Agreement may be
executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this
Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually signed counterpart of this Agreement. This Agreement shall become effective as to any Guarantor when a counterpart hereof executed on behalf of such
Guarantor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon such Guarantor and the Collateral Agent and their respective
permitted successors and assigns, and shall inure to the benefit of such Guarantor, the Collateral Agent and the other Secured Parties and their respective successors and assigns, except that no Guarantor shall have the right to assign or transfer
its rights or obligations hereunder or any interest herein (and any such assignment or transfer shall be void) except as expressly provided in this Agreement or the Credit Agreement. This Agreement shall be construed as a separate agreement with
respect to each Guarantor and may be amended, modified, supplemented, waived or released with respect to any Guarantor without the approval of any other Guarantor and without affecting the obligations of any other Guarantor hereunder. 

SECTION 5.07. Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a
particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
 SECTION 5.08. Right of Setoff. If a
Specified Event of Default shall have occurred and be continuing, each Lender and each Issuing Bank is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or
special, time or demand, provisional or final, in whatever currency, but not withholding or payroll accounts, employee benefits accounts, de minimis accounts or other accounts used exclusively for taxes or fiduciary or trust purposes) at any time
held and other obligations (in whatever currency) at any time owing by such Lender 

  
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or such Issuing Bank to or for the credit or the account of any Guarantor against any of and all the obligations of such Guarantor then due and owing under this Agreement held by such Lender or
such Issuing Bank, irrespective of whether or not such Lender or such Issuing Bank shall have made any demand under this Agreement and although (i) such obligations may be contingent and unmatured and (ii) such obligations are owed to a
branch or office of such Lender or such Issuing Bank different from the branch or office holding such deposit or obligated on such Indebtedness; provided that in the event that any Defaulting Lender shall exercise any such right of setoff,
(x) all amounts so set off shall be paid over immediately to the Collateral Agent for further application in accordance with the provisions of Section 2.22 of the Credit Agreement and, pending such payment, shall be segregated by such
Defaulting Lender from its other funds and deemed held in trust for the benefit of the Collateral Agent and the Lenders and (y) the Defaulting Lender shall provide promptly to the Collateral Agent a statement describing in reasonable detail the
Secured Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The applicable Lender and applicable Issuing Bank shall notify the applicable Guarantor and the Collateral Agent of such setoff and application;
provided that any failure to give or any delay in giving such notice shall not affect the validity of any such setoff and application under this Section. The rights of each Lender and each Issuing Bank under this Section are in addition to
other rights and remedies (including other rights of setoff) that such Lender or such Issuing Bank may have. Notwithstanding the foregoing, no amount set off from any Loan Party (other than the Guarantors) shall be applied to any Excluded Swap
Obligation of such Loan Party (other than the Guarantors). 
 SECTION 5.09. Governing Law; Jurisdiction; Consent to Service of Process;
Appointment of Service of Process Agent. (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 New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this
Agreement or any other Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and
determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions
by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that the Collateral Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this
Agreement against any Guarantor or its respective properties in the courts of any jurisdiction. 
 (c) Each party hereto hereby irrevocably
and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that 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 5.09. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in
any such court. 
 (d) EACH PARTY TO THIS AGREEMENT IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN
SECTION 5.01. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 

  
 -9- 

 (e) Each Guarantor hereby irrevocably designates, appoints and empowers the Borrower as its
designee, appointee and agent to receive, accept and acknowledge for and on its behalf, and in respect of its property, service of any and all legal process, summons, notices and documents that may be served in any such action or proceeding and the
Borrower hereby accepts such designation and appointment. 
 SECTION 5.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT
OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION 5.10. 
 SECTION 5.11. Headings. Article and Section headings and the Table of Contents used herein
are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

SECTION 5.12. Termination or Release. (a) Subject to Section 2.04, this Agreement and the Guarantees made herein shall
terminate automatically upon the occurrence of the Termination Date. 
 (b) The guarantees made herein shall also terminate and be released
at the time or times and in the manner set forth in Section 9.14 of the Credit Agreement. 
 (c) In connection with any termination or
release pursuant to paragraph (a) or (b) of this Section 5.12, the Collateral Agent shall execute and deliver to any Loan Party, at such Loan Party’s expense and without the further consent of any other Lender, Issuing Bank or other
Secured Party, all documents that such Loan Party shall reasonably request to evidence such termination or release so long as the applicable Loan Party shall have provided the Collateral Agent such certifications or documents as the Collateral Agent
shall reasonably request in order to demonstrate compliance with this Section 5.12. Any execution and delivery of documents by the Collateral Agent pursuant to this Section 5.12 shall be without recourse to or warranty by the Collateral
Agent or any other Secured Party. 
 SECTION 5.13. Additional Guarantors. Additional Persons may become Guarantors after the
Effective Date as contemplated by the Credit Agreement. Upon execution and delivery by the Collateral Agent and a Person of a Supplement, any such Person shall become a Guarantor hereunder with the same force and effect as if originally named as
such herein. The execution and delivery of any such instrument shall not require the consent of any other Guarantor hereunder. The rights and obligations of each Guarantor hereunder shall remain in full force and effect notwithstanding the addition
of any Person as a party to this Agreement. 
 SECTION 5.14. Keepwell. Each Qualified ECP Loan Party, jointly and severally, hereby
absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Loan Party to honor all of such Loan Party’s obligations under this Agreement and the other Loan
Documents in respect of Secured Swap Obligations (provided, however, that 

  
 -10- 

 
each Qualified ECP Loan Party shall only be liable under this Section 5.14 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this
Section 5.14, or otherwise under this Agreement or the other Loan Documents, voidable under applicable law, including fraudulent conveyance or fraudulent transfer laws, and not for any greater amount). The obligations of each Qualified ECP Loan
Party under this Section 5.14 shall remain in full force and effect until the Termination Date has occurred, in each case, in accordance with and subject to the limitations set forth in Section 9.05 of the Credit Agreement. Each Qualified
ECP Loan Party intends that this Section 5.14 constitute, and this Section 5.14 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each other Loan Party for all purposes of
Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 [Remainder of Page Intentionally Left Blank] 

  
 -11- 

 IN WITNESS WHEREOF, each of the undersigned parties has caused this Agreement to be duly
executed by its authorized officer as of the date hereof. 
  

			
	GOGO INC.
		
	By:	 	/s/ Barry Rowan
	 Name:
	 	 Barry Rowan

	 Title:
	 	Executive Vice President and Chief Financial Officer

  

			
	GOGO INTERMEDIATE HOLDINGS LLC

 
			
		
	By:	 	/s/ Barry Rowan
	 Name:
	 	 Barry Rowan

	 Title:
	 	Executive Vice President and Chief Financial Officer

  

			
	GOGO FINANCE CO. INC.

 
			
		
	By:	 	/s/ Barry Rowan
	 Name:
	 	 Barry Rowan

	 Title:
	 	Executive Vice President and Chief Financial Officer

  

			
	AC BIDCO LLC

 
			
		
	By:	 	/s/ Barry Rowan
	 Name:
	 	 Barry Rowan

	 Title:
	 	Executive Vice President and Chief Financial Officer

  

			
	GOGO CONNECTIVITY LTD.

 
			
		
	By:	 	/s/ Barry Rowan
	Name:	 	 Barry Rowan

	 Title:
	 	Executive Vice President and Chief Financial Officer

  

			
	GOGO BUSINESS AVIATION LLC

 
			
		
	By:	 	/s/ Barry Rowan
	Name:	 	 Barry Rowan

	 Title:
	 	Executive Vice President and Chief Financial Officer

  
 [Signature Page to the
Guarantee Agreement] 

 
			
	GOGO ATG LLC
		
	By:	 	/s/ Barry Rowan
	Name:	 	 Barry Rowan

	Title:	 	Executive Vice President and Chief Financial Officer

  
 [Signature Page to the
Guarantee Agreement] 

 
			
	MORGAN STANLEY SENIOR FUNDING, INC., as Collateral Agent
		
	By	 	/s/ Joanne Braidi
		 	Name: Joanne Braidi
		 	Title:  Authorized Signatory

  
 [Signature Page to the
Guarantee Agreement] 

 Schedule I to 

the Guarantee Agreement 
 SUBSIDIARY
GUARANTORS 
 Gogo Finance Co. Inc. 
 AC Bidco LLC 

Gogo Connectivity Ltd. 
 Gogo Business Aviation LLC 

Gogo ATG LLC 

  
 Schedule I-1 

 Exhibit A to 

the Guarantee Agreement 
 Form of
Supplement No. [ ] to the Guarantee Agreement 
 SUPPLEMENT NO. __ dated as of [ ], 20[ ] to the Guarantee Agreement dated as of
April 30, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the “Guarantee Agreement”), among Gogo Inc., a Delaware corporation (“Holdings”), Gogo Intermediate Holdings LLC, a
Delaware limited liability company (“Gogo” or the “Borrower”), the other Guarantors from time to time party hereto and Morgan Stanley Senior Funding, Inc., as Collateral Agent, on behalf of itself and the other
Secured Parties (in such capacity, the “Collateral Agent”). 
 A. Reference is made to the Credit Agreement dated as of
April 30, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Holdings, Gogo, the Lenders and the Issuing Banks from time to time party thereto and Morgan Stanley
Senior Funding, Inc., as Administrative Agent. 
 B. Capitalized terms used herein and not otherwise defined herein shall have the meanings
assigned to such terms in the Credit Agreement and the Guarantee Agreement, as applicable. 
 C. The original Guarantors entered into
the Guarantee Agreement in order to induce the Lenders and the Issuing Banks to extend credit to the Borrower. Section 5.13 of the Guarantee Agreement provides that additional Persons may become Guarantors under the Guarantee Agreement by
execution and delivery of an instrument in the form of this instrument (the “Supplement”). The undersigned Person (the “New Guarantor”) is executing this Supplement to become a Guarantor under the Guarantee
Agreement in order to induce the Lenders and the Issuing Banks to make additional extensions of credit under the Credit Agreement and as consideration for such extensions of credit previously issued. 

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

SECTION 1. In accordance with Section 5.13 of the Guarantee Agreement, the New Guarantor by its signature below becomes a Guarantor under
the Guarantee Agreement with the same force and effect as if originally named therein as a Guarantor, and the New Guarantor hereby agrees to all the terms and provisions of the Guarantee Agreement applicable to it as a Guarantor thereunder. Each
reference to a “Guarantor” in the Guarantee Agreement shall be deemed to include the New Guarantor. The Guarantee Agreement is hereby incorporated herein by reference. 

SECTION 2. The New Guarantor represents and warrants to the Collateral Agent and the other Secured Parties that (a) it is a
[company] duly [incorporated] under the law of [name of relevant jurisdiction], (b) the execution, delivery and performance by the New Guarantor of this Supplement have been duly authorized by all necessary corporate or other
action and, if required, action by the holders of such New Guarantor’s Equity Interests, and that this Supplement has been duly executed and delivered by the New Guarantor and constitutes its legal, valid and binding obligation, enforceable
against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of
whether considered in a proceeding in equity or at law and (c) all representations and warranties set forth in the Credit Agreement as to the New Guarantor are true and correct in all material respects as of the date hereof; provided
that, to the extent such representations and warranties specifically refer to an earlier date, they are true and correct in all material respects as of such earlier date; provided, further that any representation and warranty that is
qualified as to “materiality,” “Material Adverse Effect” or similar language is true and correct in all respects. 

  
 Exh. A-1 

 SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto
on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Supplement by facsimile or other electronic transmission
shall be effective as delivery of a manually signed counterpart of this Supplement. This Supplement shall become effective as to the New Guarantor when a counterpart hereof executed on behalf of the New Guarantor shall have been delivered to the
Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon the New Guarantor and the Collateral Agent and their respective permitted successors and assigns, and shall
inure to the benefit of the New Guarantor, the Collateral Agent and the other Secured Parties and their respective successors and assigns, except that the New Guarantor shall not have the right to assign or transfer its rights or obligations
hereunder or any interest herein (and any such assignment or transfer shall be void) except as expressly provided in this Supplement, the Guarantee Agreement or the Credit Agreement. 

SECTION 4. Except as expressly supplemented hereby, the Guarantee Agreement shall remain in full force and effect. 

SECTION 5. THIS SUPPLEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 

SECTION 6. Any provision of this Supplement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction
shall not invalidate such provision in any other jurisdiction. 
 SECTION 7. All communications and notices hereunder shall be in writing
and given as provided in Section 5.01 of the Guarantee Agreement. 
 SECTION 8. The New Guarantor agrees to reimburse the Collateral
Agent (if not separately reimbursed) for its fees and expenses incurred hereunder and under the Guarantee Agreement as provided in Section 9.03(a) of the Credit Agreement; provided that each reference therein to the “Borrower”
shall be deemed to be a reference to the New Guarantor. 
 [Signatures on following page] 

  
 Exh. A-2 

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

			
	[NAME OF NEW GUARANTOR], as a Guarantor
		
	By	 	 
		 	Name:
		 	Title:

  

			
	MORGAN STANLEY SENIOR FUNDING, INC., as Collateral Agent
		
	By	 	 
		 	Name:
		 	Title:

  
 [Signature Page to
Supplement No. [ ] to the Guarantee Agreement]EX-10.3

 Exhibit 10.3 
  

 
  

COLLATERAL AGREEMENT 
 dated as of

 April 30, 2021, 
 among

 GOGO INC., 
 GOGO
INTERMEDIATE HOLDINGS LLC, 
 THE OTHER GRANTORS PARTY HERETO, 

and 
 MORGAN STANLEY SENIOR
FUNDING, INC., 
 as Collateral Agent 
  

 
  

 

 TABLE OF CONTENTS 
  

							
	ARTICLE I	  			
		
	DEFINITIONS	  			
			
	 SECTION 1.01.
	  	Defined Terms	  	 	1	 
	 SECTION 1.02.
	  	Other Defined Terms	  	 	1	 
		
	ARTICLE II	  			
		
	PLEDGE OF SECURITIES	  			
			
	 SECTION 2.01.
	  	Pledge	  	 	4	 
	 SECTION 2.02.
	  	Delivery of the Pledged Collateral	  	 	5	 
	 SECTION 2.03.
	  	Representations, Warranties and Covenants	  	 	5	 
	 SECTION 2.04.
	  	Registration in Nominee Name; Denominations	  	 	6	 
	 SECTION 2.05.
	  	Voting Rights; Dividends and Interest	  	 	6	 
	 SECTION 2.06.
	  	Article 8 Opt-In	  	 	8	 
		
	ARTICLE III	  			
		
	SECURITY INTERESTS IN PERSONAL PROPERTY	  			
			
	 SECTION 3.01.
	  	Security Interest	  	 	8	 
	 SECTION 3.02.
	  	Representations and Warranties	  	 	10	 
	 SECTION 3.03.
	  	Covenants	  	 	12	 
	 SECTION 3.04.
	  	Other Actions	  	 	13	 
	 SECTION 3.05.
	  	Covenants Regarding Patent, Trademark and Copyright Collateral	  	 	14	 
		
	ARTICLE IV	  			
		
	REMEDIES	  			
			
	 SECTION 4.01.
	  	Remedies upon Default	  	 	14	 
	 SECTION 4.02.
	  	Securities Act	  	 	16	 
	 SECTION 4.03.
	  	Grant of License to Use Intellectual Property	  	 	16	 
	 SECTION 4.04.
	  	FCC License Matters	  	 	17	 
		
	ARTICLE V	  			
		
	MISCELLANEOUS	  			
			
	 SECTION 5.01.
	  	Notices.	  	 	17	 
	 SECTION 5.02.
	  	Waivers; Amendment	  	 	17	 
	 SECTION 5.03.
	  	Collateral Agent’s Fees and Expenses; Indemnification	  	 	18	 
	 SECTION 5.04.
	  	Successors and Assigns	  	 	19	 
	 SECTION 5.05.
	  	Survival of Agreement	  	 	19	 

  
 -i- 

							
	 SECTION 5.06.
	  	Counterparts; Effectiveness; Several Agreement	  	 	19	 
	 SECTION 5.07.
	  	Severability	  	 	19	 
	 SECTION 5.08.
	  	Right of Set-off	  	 	19	 
	 SECTION 5.09.
	  	Governing Law; Jurisdiction; Consent to Service of Process; Appointment of Service of Process Agent	  	 	20	 
	 SECTION 5.10.
	  	WAIVER OF JURY TRIAL	  	 	21	 
	 SECTION 5.11.
	  	Headings	  	 	21	 
	 SECTION 5.12.
	  	Security Interest Absolute	  	 	21	 
	 SECTION 5.13.
	  	Termination or Release	  	 	21	 
	 SECTION 5.14.
	  	Additional Subsidiaries	  	 	22	 
	 SECTION 5.15.
	  	Collateral Agent Appointed Attorney-in-Fact	  	 	22	 

  
 -ii- 

							
	 Schedules
	  		  			
			
	 Schedule I
	  	Grantors	  			
	 Schedule II
	  	Pledged Equity Interests; Pledged Debt Securities	  			
	 Schedule III
	  	Intellectual Property	  			
	 Schedule IV
	  	Grantor Information	  			
	 Schedule V
	  	Commercial Tort Claims	  			
			
	 Exhibits
	  		  			
			
	 Exhibit I
	  	Form of Grantor Supplement	  			
	 Exhibit II
	  	Form of Copyright Security Agreement	  			
	 Exhibit III
	  	Form of Patent Security Agreement	  			
	 Exhibit IV
	  	Form of Trademark Security Agreement	  			

  
 -iii- 

 COLLATERAL AGREEMENT dated as of April 30, 2021 (as amended, restated, supplemented or
otherwise modified from time to time, this “Agreement”) among Gogo Inc., a Delaware corporation (“Holdings”), Gogo Intermediate Holdings LLC, a Delaware limited liability company (“Gogo” or the
“Borrower”), the other GRANTORS from time to time party hereto, and Morgan Stanley Senior Funding, Inc., as Collateral Agent (in such capacity, the “Collateral Agent”). 

Reference is made to the Credit Agreement dated as of the Effective Date (as amended, restated, supplemented or otherwise modified from time
to time, the “Credit Agreement”) among Holdings, the Borrower, the Lenders and the Issuing Banks from time to time party thereto and Morgan Stanley Senior Funding, Inc., as Administrative Agent. 

WHEREAS, the Lenders and the Issuing Banks have agreed to extend credit to the Borrower subject to the terms and conditions set forth in the
Credit Agreement; 
 WHEREAS, the obligations of the Lenders and the Issuing Banks to extend such credit are conditioned upon, among other
things, the execution and delivery of this Agreement; and 
 WHEREAS, the Grantors (other than the Borrower) are Affiliates of the Borrower,
will derive substantial benefits from the extension of credit to the Borrower pursuant to the Credit Agreement and are willing to execute and deliver this Agreement in order to induce the Lenders and the Issuing Banks to extend such credit. 

NOW, THEREFORE, the parties hereto agree as follows: 

ARTICLE I 
 Definitions 

SECTION 1.01. Defined Terms. (a) Each capitalized term used but not defined herein shall have the meaning assigned thereto in the
Credit Agreement; provided that each term defined in the New York UCC (as defined herein) and not defined in this Agreement or the Credit Agreement shall have the meaning specified in the New York UCC. The term “instrument” shall
have the meaning specified in Article 9 of the New York UCC. 
 (b) The rules of construction specified in Sections 1.03, 1.04 and
1.05 of the Credit Agreement also apply to this Agreement, mutatis mutandis. 
 SECTION 1.02. Other Defined
Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “Account Debtor” means any
Person that is or may become obligated to any Grantor under, with respect to or on account of an Account, Chattel Paper or General Intangible. 

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

“Article 9 Collateral” has the meaning assigned to such term in Section 3.01. 

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

“Collateral” means Article 9 Collateral and Pledged Collateral. 

 “Collateral Agent” has the meaning assigned to such term in the preamble to
this Agreement. 
 “Communications Act” means the Communications Act of 1934, as amended, and any similar or successor Federal
statute, and the rules and regulations of the FCC or any other similar or successor agency thereunder. 
 “Communications Laws”
means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued , promulgated or entered into by a Governmental Authority (including the FCC) relating in any way to the use of
radiofrequency spectrum or the offering or provision of video, communications, telecommunications or information services (including the Communications Act). 

“Copyright License” means any written agreement, now or hereafter in effect, granting to any Person any right under any
Copyright now or hereafter owned by any other Person or that such other Person otherwise has the right to license, and all rights of any such Person under any such agreement. 

“Copyright Security Agreement” means the short-form Copyright Security Agreement substantially in the form of Exhibit II
hereto. 
 “Copyrights” means, with respect to any Person, all of the following now owned or hereafter acquired by such
Person: (a) all copyright rights in any work subject to the copyright laws of the United States, whether as author, assignee, transferee or otherwise; (b) all registrations and applications for registration of any such copyrights in the
United States, including registrations, supplemental registrations and pending applications for registration in the United States Copyright Office, including, in the case of any Grantor, those set forth next to its name on Schedule III hereto; and
(c) all claims for, and rights to sue for, past or future infringements of any of the foregoing. 
 “Credit Agreement”
has the meaning assigned to such term in the preamble to this Agreement. 
 “FCC” means the Federal Communications
Commission, and any successor agency of the United States Government exercising substantially equivalent powers. 
 “FCC
License” means any Governmental Authorization granted by the FCC pursuant to the Communications Act, or by any other Governmental Authority pursuant to Communications Laws, to any Grantor or assigned or transferred to any Grantor pursuant
to Communications Laws. 
 “Federal Securities Laws” has the meaning assigned to such term in Section 4.02. 

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

“Grantor Supplement” means an instrument substantially in the form of Exhibit I hereto, or any other form approved by
the Collateral Agent, and in each case reasonably satisfactory to the Collateral Agent. 
 “Grantors” means (a) the
Borrower, (b) Holdings and (c) each Subsidiary of the Borrower identified on Schedule I hereto. 

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

  
 -2- 

 “Intellectual Property” means, with respect to any Person, all intellectual
property of every kind and nature, whether now or hereafter owned or licensed by any such Person, including inventions, designs, Patents, Copyrights, Trademarks and Licenses, trade secrets and know-how, domain
names, confidential or proprietary technical, business or other information, and software and databases. 
 “License” means
any Patent License, Trademark License or Copyright License. 
 “New York UCC” means the Uniform Commercial Code as from
time to time in effect in the State of New York. 
 “Patent License” means any written agreement, now or hereafter in
effect, granting to any Person any right to manufacture, use or sell any invention claimed in a Patent, now or hereafter owned by any other Person or that any other Person now or hereafter otherwise has the right to license, and all rights of any
such Person under any such agreement. 
 “Patent Security Agreement” means the short-form Patent Security Agreement
substantially in the form of Exhibit III hereto. 
 “Patents” means, with respect to any Person, all of the following now
owned or hereafter acquired by such Person: (a) all letters patent of the United States, including those listed on Schedule III hereto, and all applications for letters patent of the United States, including those listed on Schedule III hereto;
(b) all provisionals, reissues, extensions, continuations, divisions, continuations-in-part, reexaminations or revisions thereof, and the inventions disclosed or
claimed therein; and (c) all claims for, and rights to sue for, past or future infringements of any of the foregoing. 

“Pledged Collateral” has the meaning assigned to such term in Section 2.01. 

“Pledged Debt Securities” has the meaning assigned to such term in Section 2.01. 

“Pledged Equity Interests” has the meaning assigned to such term in Section 2.01. 

“Pledged Securities” means any promissory notes, stock certificates, unit certificates, limited liability membership
certificates or other securities (to the extent certificated) now or hereafter included in the Pledged Collateral. 
 “Security
Interest” has the meaning assigned to such term in Section 3.01(a). 
 “Trademark License” means any written
agreement, now or hereafter in effect, granting to any Person any right to use any Trademark now or hereafter owned by any other Person or that any other Person otherwise has the right to license and all rights of any such Person under any such
agreement. 
 “Trademark Security Agreement” means the short-form Trademark Security Agreement substantially in the form of
Exhibit IV hereto. 
 “Trademarks” means, with respect to any Person, all of the following now owned or hereafter acquired
by such Person: (a) all United States trademarks, service marks, trade names, corporate names, company names, business names, fictitious business names, trade dress, logos, other source or business identifiers, designs and general intangibles
of like nature, in each case subject to trademark laws of the United States, now existing or hereafter adopted or acquired, all registrations therefor, and all registrations and applications filed in connection therewith, including registrations and
applications in the United States Patent and Trademark Office, and all renewals thereof, including, in the case of any Grantor, any of the foregoing set forth next to its name on Schedule III hereto; (b) all goodwill associated with or
symbolized by the foregoing; and (c) all claims for, and rights to sue for, past or future infringements, dilutions or other violations of any of the foregoing. 

  
 -3- 

 “UCC” shall mean the New York UCC; provided, however, that, at any
time, if by reason of mandatory provisions of law, any or all of the perfection, effect of perfection, non-perfection or priority of the Collateral Agent’s and the Secured Parties’ security interest
in any item or portion of the Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as in effect, at such time, in such
other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection, non-perfection or priority and for purposes of definitions relating to such provisions. 

ARTICLE II 
 Pledge of
Securities 
 SECTION 2.01. Pledge. As security for the payment or performance, as the case may be, in full of the Secured
Obligations, each Grantor hereby pledges to the Collateral Agent, its successors and permitted assigns, for the benefit of the Secured Parties, and hereby grants to the Collateral Agent, its successors and permitted assigns, for the benefit of the
Secured Parties, a security interest in, all of such Grantor’s right, title and interest in, to and under: 
 (a) (i) the Equity
Interests owned by such Grantor on the Effective Date, including those listed opposite the name of such Grantor on Schedule II hereto, (ii) any other Equity Interests obtained in the future by such Grantor and (iii) the certificates
or other instruments representing all such Equity Interests (if any) (collectively, the “Pledged Equity Interests”); provided that the Pledged Equity Interests shall not include any
Excluded Equity Interests; 
 (b) (i) the debt securities owned by such Grantor on the Effective Date, including those listed opposite
the name of such Grantor on Schedule II hereto, (ii) any debt securities in the future issued to or otherwise acquired by such Grantor and (iii) the promissory notes and any other instruments evidencing all such debt securities
(collectively, the “Pledged Debt Securities”); provided that, such Pledged Debt Securities shall not include any Pledged Debt Securities constituting Excluded Assets; 

(c) subject to Section 2.05, all payments of principal or interest, dividends, cash, instruments and other property from time to time
received, receivable or otherwise distributed in respect of, in exchange for or upon the conversion of, and all other Proceeds received in respect of, the securities referred to in clauses (a) and (b) above; 

(d) subject to Section 2.05, all rights and privileges of such Grantor with respect to the securities and other property referred to in
clauses (a), (b) and (c) above; and 
 (e) all Proceeds of any of the foregoing to the extent such Proceeds would constitute
property referred to in clauses (a) through (d) above (the items referred to in clauses (a) through (e) above being collectively referred to as the “Pledged Collateral”). 

Notwithstanding the foregoing, in no event shall the pledge under this Section 2.01 attach to any Excluded Asset. 

  
 -4- 

 SECTION 2.02. Delivery of the Pledged Collateral. (a) Each Grantor agrees to
deliver or cause to be delivered to the Collateral Agent (i) on the date such Grantor becomes party to this Agreement (or such later date as agreed to by the Collateral Agent in its reasonable discretion), any Pledged Securities owned by such
Grantor on such date, and (ii) promptly (and in any event within 90 days after receipt by such Grantor or such longer period agreed to by the Collateral Agent in its reasonable discretion) after the acquisition thereof, any such Pledged
Securities acquired by such Grantor after the date such Grantor becomes party to this Agreement; provided that, except as otherwise addressed in Section 3.03(b) herein, Pledged Debt Securities shall be required to be delivered only to
the extent evidencing Indebtedness for borrowed money in a principal amount greater than $22,500,000. 
 (b) Upon delivery to the Collateral
Agent, (i) Pledged Securities shall be accompanied by undated stock or note powers, as applicable, duly executed in blank or other undated instruments of transfer duly executed in blank and reasonably satisfactory to the Collateral Agent and by
such other instruments and documents as the Collateral Agent may reasonably request and (ii) all other property comprising part of the Pledged Collateral shall be accompanied by undated proper instruments of assignment duly executed in blank by
the applicable Grantor and such other instruments and documents as the Collateral Agent may reasonably request. Each delivery of Pledged Securities shall be accompanied by a schedule describing such Pledged Securities, which schedule shall be deemed
attached to, and shall supplement, Schedule II hereto and be made a part hereof; provided that failure to provide any such schedule hereto shall not affect the validity of such pledge of such Pledged Securities. Each schedule so
delivered shall supplement any prior schedules so delivered. 
 SECTION 2.03. Representations, Warranties and Covenants. The Grantors
jointly and severally represent, warrant and covenant to and with the Collateral Agent, for the benefit of the Secured Parties, that: 
 (a)
as of the Effective Date, Schedule II hereto sets forth a true and complete list, with respect to each Grantor, of (i) all the Pledged Equity Interests owned by such Grantor in the Borrower or any other Restricted Subsidiary and the percentage
of the issued and outstanding units of each class of the Equity Interests of the issuer thereof represented by the Pledged Equity Interests owned by such Grantor and (ii) all the Pledged Debt Securities owned by such Grantor evidencing
Indebtedness for borrowed money in a principal amount greater than $22,500,000; 
 (b) (i) the Pledged Equity Interests have been duly and
validly authorized and issued by the issuers thereof (if applicable) and (ii) the Pledged Equity Interests (if applicable) are fully paid and nonassessable; provided that the foregoing representations, insofar as they relate to the
Pledged Collateral issued by a Person other than Holdings, the Borrower or any Subsidiary, are made to the knowledge of the Grantors; 
 (c)
except for the security interests granted hereunder and under any other Loan Documents, each of the Grantors (i) is and, subject to any transfers made in compliance with the Credit Agreement, will continue to be the direct owner, beneficially
and of record, of the Pledged Securities indicated on Schedule II hereto as owned by such Grantor, (ii) holds the same free and clear of all Liens, other than Liens permitted pursuant to Section 6.02 of the Credit Agreement and transfers
made in compliance with the Credit Agreement, (iii) will make no further assignment, pledge, hypothecation or transfer of, or create or permit to exist any security interest in or other Lien on, the Pledged Collateral, other than Liens
permitted pursuant to Section 6.02 of the Credit Agreement and transfers made in compliance with the Credit Agreement, and (iv) will use commercially reasonable efforts to defend its title or interest thereto or therein against any and all
Liens (other than the Liens created by this Agreement and the other Loan Documents and Liens permitted pursuant to Section 6.02 of the Credit Agreement), however arising, of all Persons whomsoever; 

  
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 (d) except for restrictions and limitations imposed or permitted by the Loan Documents,
contracts and agreements permitted by Section 6.09 of the Credit Agreement, or securities laws generally, the Pledged Equity Interests and, to the extent issued by Holdings, the Borrower or any Subsidiary, the Pledged Debt Securities are and
will continue to be freely transferable and assignable, and none of the Pledged Equity Interests and, to the extent issued by Holdings, the Borrower or any Subsidiary, none of the Pledged Debt Securities are or will be subject to any option, right
of first refusal, shareholders agreement or Organizational Document provisions of any nature that would prohibit, impair, delay or otherwise affect in any manner adverse to the Secured Parties in any material respect the pledge of such Pledged
Collateral hereunder, the sale or disposition thereof pursuant hereto or the exercise by the Collateral Agent of rights and remedies hereunder; 

(e) each of the Grantors has the organizational power and authority to pledge the Pledged Collateral pledged by it hereunder in the manner
hereby done or contemplated; 
 (f) by virtue of the execution and delivery by the Grantors of this Agreement, when any Pledged Securities
are delivered to the Collateral Agent in accordance with this Agreement, the Collateral Agent will obtain a legal, valid and perfected lien upon and security interest in such Pledged Securities, free of any adverse claims (except for Liens permitted
by Section 6.02 of the Credit Agreement), under the New York UCC to the extent such lien and security interest may be created and perfected under the New York UCC, as security for the payment and performance of the Secured Obligations; and 

(g) subject to the terms of this Agreement and to the extent permitted by applicable law, each Grantor hereby agrees that upon the occurrence
and during the continuance of an Event of Default and upon three (3) Business Days’ prior written notice, it will comply with the instructions of the Collateral Agent with respect to the Equity Interests in such Grantor that constitute
Pledged Equity hereunder that are not certificated without further consent by the applicable owner or holder of such Equity Interests. 

SECTION 2.04. Registration in Nominee Name; Denominations. If an Event of Default shall have occurred and is continuing and the
Collateral Agent shall have given the Grantors three (3) Business Days’ prior written notice of its intent to exercise such rights, the Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute
discretion) to hold the Pledged Securities in the name of the applicable Grantor, endorsed or assigned in blank or in favor of the Collateral Agent or in its own name as pledgee or in the name of its nominee (as pledgee or as sub-agent), and each Grantor will promptly give to the Collateral Agent copies of any notices or other written communications received by it with respect to Pledged Securities registered in the name of such Grantor.
Upon the occurrence and during the continuance of an Event of Default, the Collateral Agent shall at all times have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any
reasonable purpose consistent with this Agreement. 
 SECTION 2.05. Voting Rights; Dividends and Interest. (a) Unless and until
an Event of Default shall have occurred and is continuing and the Collateral Agent shall have given the Grantors three (3) Business Days’ prior written notice that their rights under this Section 2.05 are being suspended: 

(i) each Grantor shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner
of Pledged Securities or any part thereof for any purpose consistent with the terms of this Agreement, the Credit Agreement and the other Loan Documents; 

(ii) the Collateral Agent shall promptly execute and deliver to each Grantor, or cause to be promptly executed and delivered to
such Grantor, all such proxies, powers of attorney and other instruments as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant
to paragraph (a)(i) of this Section; and 

  
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 (iii) each Grantor shall be entitled to receive and retain any and all
dividends, interest, principal and other distributions paid on or distributed in respect of the Pledged Securities to the extent and only to the extent that such dividends, interest, principal and other distributions are permitted by, and are
otherwise paid or distributed in accordance with, the terms and conditions of the Credit Agreement, the other Loan Documents and applicable laws; provided that any noncash dividends, interest, principal or other distributions that would
constitute Pledged Equity Interests or Pledged Debt Securities, whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests in the issuer of any Pledged Securities or received in exchange for Pledged
Securities or any part thereof, or in redemption thereof, or as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party or otherwise, shall be and become part of the Pledged Collateral and,
if received by any Grantor, shall be held for the benefit of the Administrative Agent and the other Secured Parties and shall be forthwith delivered (to the extent required by Section 2.02) to the Collateral Agent in the same form as so
received (with any necessary endorsements, stock or note powers and other instruments of transfer reasonably requested by the Collateral Agent). So long as no Event of Default has occurred and is continuing, the Collateral Agent shall promptly
deliver to each Grantor any Pledged Securities in its possession if requested to be delivered to the issuer thereof in connection with any sale, transfer, disposition, exchange or redemption of such Pledged Securities permitted by the Credit
Agreement in accordance with this Section 2.05(a)(iii); provided that the applicable Loan Party shall have provided the Collateral Agent such certifications or documents as the Collateral Agent shall reasonably request in connection
therewith. 
 (b) Upon the occurrence and during the continuance of an Event of Default, after the Collateral Agent shall have notified the
Grantors of the suspension of their rights under paragraph (a)(iii) of this Section 2.05, all rights of any Grantor to dividends, interest, principal or other distributions that such Grantor is authorized to receive pursuant to
paragraph (a)(iii) of this Section 2.05 shall cease, and all such rights shall thereupon become vested in the Collateral Agent, which shall have the sole and exclusive right and authority to receive and retain such dividends, interest,
principal or other distributions; provided that, unless otherwise directed by the Required Lenders, the Collateral Agent shall have the right from time to time following the occurrence and during the continuance of an Event of Default to
permit the Grantors to exercise such rights. All dividends, interest, principal or other distributions received by any Grantor upon the occurrence and during the continuance of an Event of Default contrary to the provisions of this Section 2.05
shall be held for the benefit of the Collateral Agent and the other Secured Parties and shall be segregated from other property or funds of such Grantor and shall be forthwith delivered to the Collateral Agent upon demand in the same form as so
received (with any necessary endorsements, stock or note powers and other instruments of transfer reasonably requested by the Collateral Agent). Any and all money and other property paid over to or received by the Collateral Agent pursuant to the
provisions of this paragraph (b) shall be retained by the Collateral Agent in an account to be established by the Collateral Agent upon receipt of such money or other property and shall be applied in accordance with the provisions of
Section 7.03 of the Credit Agreement. After all Events of Default have been cured or waived, the Collateral Agent shall promptly repay to each Grantor (without interest) all dividends, interest, principal or other distributions that such
Grantor would otherwise be permitted to retain pursuant to the terms of paragraph (a)(iii) of this Section 2.05 and that remain in such account. 

(c) Upon the occurrence and during the continuance of an Event of Default, after the Collateral Agent shall have notified the Grantors of the
suspension of their rights under paragraph (a)(i) of this Section 2.05, all rights of any Grantor to exercise the voting and consensual rights and powers it is entitled to exercise pursuant to paragraph (a)(i) of this Section 2.05,
and the obligations of the Collateral 

  
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Agent under paragraph (a)(ii) of this Section 2.05, shall cease, and all such rights shall thereupon become vested in the Collateral Agent, which shall have the sole and exclusive right
and authority to exercise such voting and consensual rights and powers; provided that, unless otherwise directed by the Required Lenders, the Collateral Agent shall have the right from time to time following and during the continuance of an
Event of Default to permit the Grantors to exercise such rights. After all Events of Default have been cured or waived, all rights vested in the Collateral Agent pursuant to this paragraph (c) shall automatically cease, and the Grantors shall
automatically have the exclusive right to exercise the voting and consensual rights and powers they would otherwise be entitled to exercise pursuant to paragraph (a)(i) of this Section 2.05. 

(d) Any notice given by the Collateral Agent to the Grantors, as applicable, suspending their rights under paragraph (a) of this
Section 2.05 (i) may be given with respect to one or more of the Grantors at the same or different times and (ii) may suspend the rights of the Grantors under paragraph (a)(i) or paragraph (a)(iii) in part without suspending all such
rights (as specified by the Collateral Agent in its sole and absolute discretion) and without waiving or otherwise affecting the Collateral Agent’s rights to give additional notices from time to time suspending other rights; provided
that the Collateral Agent shall only give any such notice if an Event of Default has occurred and is continuing. 
 SECTION 2.06. Article
8 Opt-In(a) . No Grantor shall take any action to cause any membership interest, partnership interest, or other equity interest of any limited liability company or limited partnership owned or controlled
by any Grantor comprising Collateral to be or become a “security” within the meaning of, or to be governed by Article 8 of the UCC as in effect under the laws of any state having jurisdiction and shall not cause or permit any such limited
liability company or limited partnership to “opt in” or to take any other action seeking to establish any membership interest, partnership interest or other equity interest of such limited liability company or limited partnership
comprising the Collateral as a “security” or to become certificated, in each case, without delivering all certificates evidencing such interest to the Collateral Agent in accordance with and as required by Section 2.02. 

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

	 	(i)	 all Accounts; 

  

	 	(ii)	 all Chattel Paper; 

  

	 	(iii)	 all Deposit Accounts; 

 

	 	(iv)	 all Documents; 

  

	 	(v)	 all Equipment; 

  

	 	(vi)	 all General Intangibles, including all Intellectual Property; 

  
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	 	(vii)	 all Instruments; 

  

	 	(viii)	 all Inventory; 

  

	 	(ix)	 all other Goods; 

  

	 	(x)	 all Investment Property; 

 

	 	(xi)	 all Letter-of-Credit Rights;

  

	 	(xii)	 all books and records pertaining to the Article 9 Collateral; 

 

	 	(xiii)	 all Commercial Tort Claims now or hereafter listed on Schedule V; and 

 

	 	(xiv)	 to the extent not otherwise included, all Proceeds and products of any and all of the foregoing and all
Supporting Obligations, collateral security and guarantees given by any Person with respect to any of the foregoing; 

 provided
that in no event shall the Security Interest attach to (A) any Excluded Asset (including any Excluded Equity Interest), or (B) any asset owned by any Grantor that the Borrower and the Collateral Agent shall have agreed in writing to
exclude from being Article 9 Collateral on account of the cost of creating a security interest in such asset hereunder being excessive in view of the benefits to be obtained by the Secured Parties therefrom. It is understood that, to the extent the
Security Interest shall not have attached to any such asset as a result of clauses (A) or (B) above, the term “Article 9 Collateral” shall not include any such asset; provided, however, that Article 9 Collateral
shall include any Proceeds, substitutions or replacements of any of the foregoing (unless such Proceeds, substitutions or replacements would constitute property referred to in clauses (A) or (B)). In addition, notwithstanding the foregoing
provisions of this Section 3.01(a), the foregoing grant of a security interest shall not extend to, and the term “Article 9 Collateral” shall not include, FCC Licenses to the extent (but only to the extent) that any law, regulation,
permit, order or decree of any Governmental Authority in effect at the time applicable thereto prohibits the grant of a security interest therein; provided, however, that the foregoing grant of a security interest shall extend to, and
the Article 9 Collateral shall include, each of the following: (A) the right to receive all proceeds derived or arising from or in connection with the sale, assignment, transfer or transfer of control over such FCC Licenses; (B) any and
all Proceeds of any FCC Licenses that are not otherwise excluded; and (C) in the event that such law, regulation, permit, order or decree shall be amended, modified or interpreted to permit (or shall be replaced with another rule or regulation,
or any other law, rule or regulation is adopted, which would permit) the grant of a security interest therein, such FCC Licenses as well as any and all Proceeds thereof that might theretofore have been excluded from such grant of a security interest
and from the Article 9 Collateral. 
 (b) Each Grantor hereby irrevocably authorizes the Collateral Agent for the benefit of the Secured
Parties at any time and from time to time to file in any relevant U.S. jurisdiction any financing statements, with respect to the Collateral or any part thereof and amendments thereto that (i) describe the collateral covered thereby in any
manner that the Collateral Agent reasonably determines is necessary or advisable to ensure the perfection of the security interest in the Collateral granted under this Agreement, including indicating the Collateral as “all assets” of such
Grantor or words of similar effect, and (ii) contain the information required by Article 9 of the UCC for the filing of any financing statement or amendment, including (A) whether such Grantor is an organization, the type of organization
and, if required, any organizational identification number issued to such Grantor. Each Grantor agrees to provide such information to the Collateral Agent promptly upon request. 

  
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 The Collateral Agent is further authorized to file the Copyright Security Agreement, Patent
Security Agreement and Trademark Security Agreement with the United States Patent and Trademark Office or United States Copyright Office (or any successor office in the United States, but not any office in any other country), as applicable, and any
such additional documents pursuant to Section 3.05(b) as may be reasonably necessary or advisable for the purpose of perfecting, confirming, continuing, enforcing or protecting the Security Interest in Article 9 Collateral consisting of
Patents, Trademarks or Copyrights issued, registered or applied-for in the United States, granted by each Grantor and naming any Grantor or the Grantors as debtors and the Collateral Agent as Secured Party.

 (c) The Security Interest and the security interest granted pursuant to Article II are granted as security only and shall not
subject the Collateral Agent or any other Secured Party to, or in any way alter or modify, any obligation or liability of any Grantor with respect to or arising out of the Collateral. 

SECTION 3.02. Representations and Warranties. The Grantors jointly and severally represent and warrant to the Collateral Agent, for the
benefit of the Secured Parties, that: 
 (a) each Grantor has good title or valid leasehold interests in the Article 9 Collateral with
respect to which it has purported to grant a Security Interest hereunder free and clear of any Liens, (i) except for Liens expressly permitted pursuant to Section 6.02 of the Credit Agreement and (ii) except for minor defects in title
that do not interfere with its ability to conduct its business as currently conducted or as proposed to be conducted or to utilize such properties for their intended purposes, in each case to the extent the failure to have such good title or valid
leasehold interest could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and has full power and authority to grant to the Collateral Agent, for the benefit of the Secured Parties, the Security
Interest in such Article 9 Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person other than any consent or approval
that has been obtained and except to the extent that failure to obtain or make such consent or approval, as the case may be, individually or in aggregate, could not reasonably be expected to have a Material Adverse Effect; 

(b) the UCC financing statements or other appropriate filings, recordings or registrations prepared by the Collateral Agent based upon the
information provided to the Collateral Agent for filing in each governmental, municipal or other appropriate office specified on the schedules hereto (or specified by notice from the Borrower to the Collateral Agent after the Effective Date in the
case of filings, recordings or registrations required by Section 5.03 or Section 5.12 of the Credit Agreement), are all the filings, recordings and registrations (other than filings, recordings and registrations, if any, required to be
made in the United States Patent and Trademark Office or the United States Copyright Office in order to perfect the Security Interest in Article 9 Collateral consisting of United States Patents, Trademarks or Copyrights) that are necessary to
establish a legal, valid and perfected security interest in favor of the Collateral Agent, for the benefit of the Secured Parties, in respect of all Article 9 Collateral in which the Security Interest may be perfected by filing, recording or
registration in the United States, and as of the Effective Date, no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary, except as provided under applicable law with respect to the filing of
continuation statements (other than such actions as are necessary to perfect the Security Interest with respect to any Article 9 Collateral consisting of issued, registered or applied-for Patents, Trademarks
and Copyrights filed, acquired or developed by a Grantor after the Effective Date). The Grantors represent and warrant that, if applicable, a fully executed Patent Security Agreement, Trademark Security Agreement and Copyright Security Agreement, in
each case containing a list of the Article 9 Collateral consisting of United States issued Patents, United States registered Trademarks and United States registered Copyrights (and applications for any of the foregoing), as applicable, and executed
by each Grantor owning any such Article 9 Collateral, have been delivered to the Collateral Agent for recording with the United States Patent and Trademark 

  
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Office or the United States Copyright Office, as applicable, to establish a legal, valid and perfected security interest in favor of the Collateral Agent, for the benefit of the Secured Parties,
in respect of all Article 9 Collateral consisting of issued, registered and applied-for Patents, Trademarks and Copyrights in which a security interest may be perfected by filing, recording or
registration in the United States Patent and Trademark Office or the United States Copyright Office, as applicable, and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary (other than
(i) the UCC financing and continuation statements contemplated in this Section 3.02(b), and (ii) such filings and actions as are necessary to perfect the Security Interest with respect to any Article 9 Collateral consisting of
registered or applied-for Patents, Trademarks and Copyrights acquired or developed by any Grantor after the Effective Date); 

(c) the Security Interest constitutes (i) a legal and valid security interest in all the Article 9 Collateral securing the payment
and performance of the Secured Obligations, and (ii) subject to the filings described in paragraph (b) of this Section 3.02 (including payment of applicable fees in connection therewith), a perfected security interest in all
Article 9 Collateral in which a security interest may be perfected by filing, recording or registering a financing statement or analogous document in the applicable jurisdiction in the United States pursuant to the UCC, and (iii) subject
to the filings described in paragraph (b) of this Section 3.02, a perfected security interest in all Article 9 Collateral in which a security interest may be perfected upon the receipt and recording of a Patent Security Agreement, a
Trademark Security Agreement or a Copyright Security Agreement with the United States Patent and Trademark Office or the United States Copyright Office, as applicable; 

(d) the Security Interest is and shall be prior to any other Lien on any of the Article 9 Collateral, other than (i) any statutory
or similar Lien that has priority as a matter of law and (ii) Liens permitted pursuant to Section 6.02 of the Credit Agreement; 

(e) as of the Effective Date, Schedule III hereto sets forth a true and complete list, with respect to each Grantor, of (i) all of such
Grantor’s Patents and Trademarks applied for or issued or registered with the United States Patent and Trademark Office, including the name of the registered owner or applicant and the registration, application, or publication number, as
applicable, of each such Patent or Trademark and (ii) all of such Grantor’s Copyrights applied for or registered with the United States Copyright Office, including the name of the registered owner and the registration number of each such
Copyright; 
 (f) as of the Effective Date, Schedule IV hereto sets forth (i) the type of organization of each Grantor, (ii) the
jurisdiction of organization of each Grantor, (iii) the organizational identification number of each Grantor, (iv) the tax identification number of each Grantor and (v) the location of the chief executive office of each Grantor; 

(g) none of the Grantors has filed or consented to (i) the filing of any financing statement or analogous document, in each case with
respect to a Lien, under the UCC or any other applicable laws covering any Article 9 Collateral or (ii) any assignment in which any Grantor assigns any Article 9 Collateral or any security agreement or similar instrument covering any Article 9
Collateral with the United States Patent and Trademark Office or the United States Copyright Office, except, in each case, for Liens expressly permitted pursuant to Section 6.02 of the Credit Agreement; and 

(h) as of the Effective Date, Schedule V hereto sets forth a true and complete list of all Commercial Tort Claims owned by any Grantor with a
value of at least $25,000,000. 

  
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 SECTION 3.03. Covenants. (a) Each Grantor shall, at its own expense, take any
and all commercially reasonable actions necessary to (i) defend title to the Article 9 Collateral (other than Intellectual Property, which is governed by Section 3.05) against all Persons, except with respect to Article 9 Collateral
that such Grantor determines in its reasonable business judgment is no longer necessary or beneficial to the conduct of such Grantor’s business (provided that nothing in this Agreement shall prevent any Grantor from discontinuing the
operation or maintenance of any of its assets or properties to the extent not prohibited by the Credit Agreement) and (ii) upon the reasonable request of the Collateral Agent, defend the Security Interest of the Collateral Agent in the Article
9 Collateral and the priority thereof against any Lien, in each case subject to (x) Liens permitted pursuant to Section 6.02 of the Credit Agreement, (y) transfers made in compliance with the Credit Agreement and (z) the rights
of such Grantor under Section 9.14 of the Credit Agreement and corresponding provisions of the Security Documents to obtain a release of the Liens created under the Security Documents. 

(b) Each Grantor agrees, at its own expense, to execute, acknowledge, deliver and cause to be duly filed all such further instruments and
documents and take all such actions as the Collateral Agent may from time to time reasonably request to obtain, preserve, protect and perfect the Security Interest and the rights and remedies created hereby, including the payment of any reasonable
and documented or invoiced out-of-pocket fees and Taxes required in connection with the execution and delivery of this Agreement, the granting of the Security Interest
and the filing of any financing statements or other documents in connection herewith or therewith; provided, however, that Grantors shall have no obligation to file any document or undertake any actions outside the United States or
pursuant to any laws other than the laws of the United States or any jurisdiction thereof. If any amount payable to any Grantor under or in connection with any of the Article 9 Collateral shall be or become evidenced by any promissory note (which
may be a global note) or other instrument (other than any promissory note or other instrument in an aggregate principal amount of less than $22,500,000 owed to the applicable Grantor by any Person), such note or instrument shall be promptly
delivered (but in any event within 45 days of receipt by such Grantor or such longer period as the Collateral Agent may agree in its reasonable discretion) to the Collateral Agent, for the benefit of the Secured Parties, together with an undated
instrument of transfer duly executed in blank and in a manner reasonably satisfactory to the Collateral Agent. 
 (c) At its option, the
Collateral Agent may, with three (3) Business Days’ prior written notice to the Borrower, discharge past due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the
Article 9 Collateral and not permitted pursuant to Section 6.02 of the Credit Agreement, and may pay for the maintenance and preservation of the Article 9 Collateral to the extent any Grantor fails to do so as required by the Credit
Agreement, this Agreement or any other Loan Document and within a reasonable period of time after the Collateral Agent has requested that it do so, and each Grantor jointly and severally agrees to reimburse the Collateral Agent, within 10 days after
demand, for any reasonable payment made or expense incurred by the Collateral Agent pursuant to the foregoing authorization in accordance with Section 5.03(a); provided that nothing in this paragraph shall be interpreted as excusing any
Grantor from the performance of, or imposing any obligation on the Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, Liens, security interests
or other encumbrances and maintenance as set forth herein or in the other Loan Documents. 
 (d) Notwithstanding anything herein to the
contrary, it is understood that no Grantor shall be required by this Agreement to better assure, preserve, protect or perfect the Security Interest created hereunder by any means other than (i) filings (including financing statements) pursuant
to the UCC in the office of the Secretary of State (or similar central filing office) of the relevant states or other jurisdictions, (ii) filings with the United States Patent and Trademark Office or United States Copyright Office (or any
successor office), in respect of registered or applied-for Patents, Trademarks or Copyrights, (iii) in the case of Collateral that constitutes Pledged Securities, Instruments, certificated securities (in
each case not credited to a Securities Account), Tangible Chattel Paper or Negotiable Documents (other than those Instruments or Negotiable Documents held in the ordinary course of business), delivery thereof to the

  
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Collateral Agent in accordance with the terms hereof (together with, where applicable, undated stock or note powers or other undated proper instruments of assignment) and (iv) other actions
to the extent required by Section 3.03(b) (solely with respect to the second sentence thereof) or Section 3.04 hereunder. No Grantor shall be required to (i) complete any filings or other action with respect to the better assurance,
preservation, protection or perfection of the security interests created hereby in any jurisdiction outside of the United States or enter into any security document governed by the laws of a jurisdiction other than the United States or any
jurisdiction thereof, or to reimburse the Administrative Agent for any costs incurred in connection with the same, (ii) deliver control agreements with respect to, or confer perfection by “control” over, any Deposit Accounts,
Securities Accounts or Commodity Accounts or (iii) perfect the security interest in motor vehicles, airplanes and other assets subject to certificates of title other than by filings (including financing statements) pursuant to the UCC in the
office of the Secretary of State (or similar central filing office) of the relevant states or other jurisdictions. 
 (e) In the event that
any Grantor at any time or times shall fail to obtain or maintain any of the policies of insurance required under Section 5.07 of the Credit Agreement or to pay any premium in whole or part relating thereto, the Collateral Agent may, without
waiving or releasing any obligation or liability of the Grantors hereunder or any Default or Event of Default, in its sole discretion, obtain and maintain such policies of insurance and pay such premium and take any other actions with respect
thereto as the Collateral Agent reasonably deems advisable. All sums disbursed by the Collateral Agent in connection with this paragraph, including reasonable and documented
out-of-pocket attorneys’ fees, court costs, expenses and other charges relating thereto, shall be payable, within 10 days of demand, by the Grantors to the
Collateral Agent and shall be additional Secured Obligations secured hereby. 
 SECTION 3.04. Other Actions. In order to further
insure the attachment, perfection and priority of, and the ability of the Collateral Agent to enforce, the Security Interest, each Grantor agrees, in each case at such Grantor’s own expense, to take the following actions with respect to the
following Article 9 Collateral: 
 (a) Instruments. If any Grantor shall at any time hold or acquire any Instruments (other than
Instruments with a face amount of less than $22,500,000 individually and other than checks to be deposited in the ordinary course of business), such Grantor shall promptly (but in any event within 45 days of receipt by such Grantor or such longer
period as the Collateral Agent may agree in its reasonable discretion) endorse and deliver the same to the Collateral Agent, accompanied by such undated instruments of transfer or assignment duly executed in blank as the Collateral Agent may from
time to time reasonably request. 
 (b) Investment Property. Except to the extent otherwise provided in Article II, if any
Grantor shall at any time hold or acquire any certificated securities (other than certificated securities with a value of less than $22,500,000 individually), such Grantor shall promptly (but in any event within 45 days of receipt by such Grantor or
such longer period as the Collateral Agent may agree in its reasonable discretion) endorse and deliver the same to the Collateral Agent, accompanied by such undated instruments of transfer or assignment duly executed in blank as the Collateral Agent
may from time to time reasonably request. 
 (c) Commercial Tort Claims. Within 45 days after the date of any Grantor acquiring
additional commercial tort claims with a value in excess of $25,000,000 arising since Schedule V was last amended or supplemented, each Grantor shall provide the Collateral Agent with an amended or supplemented Schedule V to reflect such additional
commercial tort claims. 

  
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 SECTION 3.05. Covenants Regarding Patent, Trademark and Copyright Collateral.
(a) Except to the extent a failure to act under this Section 3.05(a) could not reasonably be expected to have a Material Adverse Effect of the type referred to in clause (a) or (b) of the definition of such term in the Credit
Agreement, with respect to the issuance, registration or pending application of each item of its Intellectual Property for which such Grantor has standing and ability to do so, each Grantor agrees to take commercially reasonable steps to
(i) maintain the validity and enforceability of any United States issued or registered Intellectual Property (or applications therefor) that is material to the conduct of such Grantor’s business and to maintain such registrations and
applications of such Intellectual Property in full force and effect and (ii) pursue the registration and, to the extent such Grantor determines in its reasonable business judgment that maintenance of such Intellectual Property is desirable in
the conduct of its business, maintenance of each patent, trademark or copyright registration or application included in the Intellectual Property of such Grantor that is material to the conduct of such Grantor’s business. Grantor shall take
commercially reasonable steps to defend title to and ownership of any Intellectual Property that is owned by such Grantor and is material to the conduct of such Grantor’s business. Notwithstanding the foregoing, nothing in this
Section 3.05 shall prevent any Grantor from disposing of, discontinuing the use or maintenance of, abandoning, failing to pursue or enforce or otherwise allowing to lapse, terminate, be invalidated or put into the public domain any of its
issued, registered or applied-for Intellectual Property that is no longer used or useful, or economically practicable to maintain, or if such Grantor determines in its reasonable business judgment that such
discontinuance or such other action is desirable in the conduct of its business. 
 (b) Each Grantor agrees that, should it obtain an
ownership or other interest in any Intellectual Property after the Effective Date (i) the provisions of this Agreement shall automatically apply thereto and (ii) any such Intellectual Property shall automatically become Intellectual
Property subject to the terms and conditions of this Agreement, except, with respect to each of (i) and (ii) above, if such Intellectual Property is acquired under a license from a third party under which a security interest would not be
permitted. For the avoidance of doubt, a security interest shall not be granted in any Intellectual Property that constitutes an Excluded Asset. 

(c) Each Grantor, either itself or through any agent, employee, licensee or designee, shall (i) deliver to the Collateral Agent an
updated Schedule III hereto in accordance with Section 5.03(b) of the Credit Agreement and (ii) within a reasonable time following the request of the Collateral Agent, but in any event, not more than three times per fiscal year, execute
and deliver a Patent Security Agreement, Trademark Security Agreement or Copyright Security Agreement, as applicable, or an amendment to a pre-existing Patent Security Agreement, Trademark Security Agreement
or Copyright Security Agreement, as applicable, in respect of such Patents, Trademarks and Copyrights. 
 ARTICLE IV 

Remedies 
 SECTION 4.01.
Remedies upon Default. Upon the occurrence and during the continuance of an Event of Default, each Grantor agrees to deliver, on demand, each item of Collateral to the Collateral Agent or any Person designated by the Collateral Agent, and it
is agreed that the Collateral Agent shall have the right to take any of or all the following actions at the same or different times: (a) with respect to any Article 9 Collateral consisting of Intellectual Property, on demand, to cause the
Security Interest to become an assignment, transfer and conveyance of any of or all such Article 9 Collateral by the applicable Grantors to the Collateral Agent, for the benefit of the Secured Parties, or to license, whether on an exclusive or
nonexclusive basis, any such Article 9 Collateral throughout the world on such terms and conditions and in such manner as the Collateral Agent shall determine (other than in violation of any then-existing licensing arrangements or other agreement to
the extent that waivers cannot be obtained), but in any event, on a revocable basis under terms whereby such license should terminate immediately upon cure of an event of Default in connection with exercise of its remedies hereunder, and
(b) subject to Section 

  
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2.05, with or without legal process and with or without prior notice or demand for performance, to take possession of the Article 9 Collateral and the Pledged Collateral and without liability for
trespass to enter any premises where the Article 9 Collateral or the Pledged Collateral may be located for the purpose of taking possession of or removing the Article 9 Collateral and the Pledged Collateral and, generally, to exercise any and all
rights afforded to a secured party under the UCC or other applicable law. Without limiting the generality of the foregoing, each Grantor agrees that the Collateral Agent shall have the right, subject to the mandatory requirements of applicable law
and the notice requirements described below, to sell or otherwise dispose of all or any part of the Collateral at a public or private sale or at any broker’s board or on any securities exchange, for cash, upon credit or for future delivery as
the Collateral Agent shall deem appropriate. The Collateral Agent shall be authorized at any such sale of securities (if it deems it advisable to do so) to restrict the prospective bidders or purchasers to Persons who will represent and agree that
they are purchasing the Collateral for their own account for investment and not with a view to the distribution or sale thereof, and upon consummation of any such sale the Collateral Agent shall have the right to assign, transfer and deliver to the
purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any sale of Collateral shall hold the property sold absolutely free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent
permitted by law) all rights of redemption, stay and appraisal that such Grantor now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. 

The Collateral Agent shall give the applicable Grantors no less than ten (10) days’ prior written notice (which each Grantor agrees
is reasonable notice within the meaning of Section 9-611 of the New York UCC or its equivalent in other jurisdictions) of the Collateral Agent’s intention to make any sale of Collateral. Such
notice, in the case of a public sale, shall state the time and place for such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to be made and the day on
which the Collateral or portion thereof, will first be offered for sale at such board or exchange. Any such public sale shall be held at such time or times within ordinary business hours and at such place or places as the Collateral Agent may fix
and state in the notice (if any) of such sale. At any such sale, the Collateral, or portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels, as the Collateral Agent may (in its sole and absolute discretion)
determine. The Collateral Agent shall not be obligated to make any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such Collateral shall have been given. The Collateral Agent may, without
notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the
same was so adjourned. In case any sale of all or any part of the Collateral is made on credit or for future delivery, the Collateral so sold may be retained by the Collateral Agent until the sale price is paid by the purchaser or purchasers
thereof, but the Collateral Agent and the other Secured Parties shall not incur any liability in case any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in case of any such failure, such Collateral may be
sold again upon like notice. At any public (or, to the extent permitted by law, private) sale made pursuant to this Agreement, any Secured Party may bid for or purchase, free (to the extent permitted by law) from any right of redemption, stay,
valuation or appraisal on the part of any Grantor (all said rights being also hereby waived and released to the extent permitted by law), the Collateral or any part thereof offered for sale and may make payment on account thereof by using any claim
then due and payable to such Secured Party from any Grantor as a credit against the purchase price, and such Secured Party may, upon compliance with the terms of sale, hold, retain and dispose of such property without further accountability to any
Grantor therefor. As an alternative to exercising the power of sale herein conferred upon it, the Collateral Agent may proceed by a suit or suits at law or in equity to foreclose this Agreement and to sell the Collateral or any portion thereof
pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a court-appointed receiver. Any sale pursuant to the provisions of this Section 4.01
shall be deemed to conform to the commercial reasonableness standards as provided in Section 9-610(b) of the New York UCC or its equivalent in other jurisdictions. 

  
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 SECTION 4.02. Securities Act. In view of the position of the Grantors in relation to
the Pledged Collateral, or because of other current or future circumstances, a question may arise under the Securities Act of 1933, as now or hereafter in effect, or any similar statute hereafter enacted analogous in purpose or effect (such act and
any such similar statute as from time to time in effect being called the “Federal Securities Laws”) with respect to any disposition of the Pledged Collateral permitted hereunder. Each Grantor understands that compliance with the
Federal Securities Laws might very strictly limit the course of conduct of the Collateral Agent if the Collateral Agent were to attempt to dispose of all or any part of the Pledged Collateral, and might also limit the extent to which or the manner
in which any subsequent transferee of any Pledged Collateral could dispose of the same. Similarly, there may be other legal restrictions or limitations affecting the Collateral Agent in any attempt to dispose of all or part of the Pledged Collateral
under applicable blue sky or other state securities laws or similar laws analogous in purpose or effect. Each Grantor recognizes that in light of such restrictions and limitations the Collateral Agent may, with respect to any sale of the Pledged
Collateral, limit the purchasers to those who will agree, among other things, to acquire such Pledged Collateral for their own account, for investment and not with a view to the distribution or resale thereof. Each Grantor acknowledges and agrees
that in light of such restrictions and limitations, the Collateral Agent, in its sole and absolute discretion, (a) may proceed to make such a sale whether or not a registration statement for the purpose of registering such Pledged Collateral or
part thereof shall have been filed under the Federal Securities Laws to the extent the Collateral Agent has determined that such a registration is not required by any Requirements of Law and (b) may approach and negotiate with a limited number
of potential purchasers (including a single potential purchaser) to effect such sale. Each Grantor acknowledges and agrees that any such sale might result in prices and other terms less favorable to the seller than if such sale were a public sale
without such restrictions. In the event of any such sale, the Collateral Agent and the other Secured Parties shall incur no responsibility or liability for selling all or any part of the Pledged Collateral at a price that the Collateral Agent, in
its sole and absolute discretion, may in good faith deem reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might have been realized if the sale were deferred until after registration as aforesaid
or if more than a limited number of purchasers (or a single purchaser) were approached. The provisions of this Section 4.02 will apply notwithstanding the existence of a public or private market upon which the quotations or sales prices may
exceed substantially the price at which the Collateral Agent sells. 
 SECTION 4.03. Grant of License to Use Intellectual Property.
For the exclusive purpose of enabling the Collateral Agent to exercise rights and remedies under this Agreement at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor
shall, upon prior written request by the Collateral Agent at any time during the continuance of an Event of Default, grant to the Collateral Agent a nonexclusive, non-transferable
irrevocable, royalty-free, limited license (until the termination or cure of the Event of Default) to use any of the Collateral consisting of Intellectual Property now owned or hereafter acquired by such Grantor, and wherever the same
may be located, and including in such license reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof; provided,
however, that nothing in this Section 4.03 shall require Grantors to grant any license that is prohibited by any rule of law, statute or regulation, or is prohibited by, or constitutes a breach or default under or results
in the termination of any contract, license, agreement, instrument or other document with respect to such Intellectual Property, or gives any third party any right of acceleration, modification, termination or cancellation in any such document, or
otherwise unreasonably prejudices the value of such Intellectual Property to the relevant Grantor; provided further that such licenses to be granted hereunder with respect to Trademarks shall be subject to the Collateral Agent’s
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. For the avoidance of doubt, the use of such license by the Collateral Agent may be
exercised solely during the continuation of an Event of Default and upon termination of the Event of Default; such license to the Intellectual Property shall automatically and immediately terminate and any Intellectual Property in the possession of
the Collateral Agent shall be returned to such Grantor. 

  
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 SECTION 4.04. FCC License Matters. Notwithstanding anything to the contrary set forth
in this Agreement, the Collateral Agent shall not take any action or exercise any remedy with respect to the Collateral pursuant to this Agreement or any of the Loan Documents that would violate any material aspect of any Communications Law or
result in any assignment of any FCC License or any transfer of control of the holder of any FCC License, within the meaning of Section 310(d) of the Communications Act, if such assignment of such FCC License or such transfer of control would
require thereunder the prior approval of the FCC, without first obtaining such approval. Upon the occurrence and during the continuance of an Event of Default, each Grantor (at its sole cost and expense) agrees to use best efforts to assist in
obtaining any approval of the FCC and any other Governmental Authority that is then required under the Communications Laws or under any other law for any action or transaction contemplated by this Agreement or to transfer ownership and control of
any FCC Licenses to the Collateral Agent or as otherwise requested by the Collateral Agent. To enforce the provisions of this subsection, after the occurrence and during the continuance of an Event of Default, the Collateral Agent is empowered to
request the appointment of a receiver from any court of competent jurisdiction. Such receiver shall be instructed to seek from the FCC an involuntary transfer of control of any such FCC License for the purpose of seeking a bona fide purchaser to
whom control will ultimately be transferred. The Grantors acknowledge that the assignment or transfer of such FCC Licenses is integral to the Secured Parties’ realization of the value of the Collateral, that there is no adequate remedy at law
for failure by the Grantors to comply with the provisions of this section and that such failure would not be adequately compensable in damages, and therefore agree that this section may be specifically enforced. 

ARTICLE V 
 Miscellaneous

 SECTION 5.01. Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in
writing and given as provided in Section 9.01 of the Credit Agreement. All communications and notices hereunder to any Grantor shall be given to it in care of Holdings as provided in Section 9.01 of the Credit Agreement. 

SECTION 5.02. Waivers; Amendment. (a) No failure or delay by the Collateral Agent or any other Secured Party in exercising any
right or power hereunder or under any other Loan Document shall operate as a waiver thereof nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude
any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Collateral Agent and the Secured Parties hereunder and under the other Loan Documents are cumulative and are not exclusive of any
rights or remedies that the Collateral Agent or the other Secured Parties would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same
shall be permitted by paragraph (b) of this Section 5.02, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of
a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default hereunder, regardless of whether the Collateral Agent or any other Secured Party may have had notice or knowledge of such Default at the time. No notice or
demand on any Loan Party in any case shall entitle any Loan Party to any other or further notice or demand in similar or other circumstances. 

  
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 (b) Neither this Agreement nor any provision hereof may be waived, amended or modified
except pursuant to an agreement or agreements in writing entered into by the Collateral Agent and the Grantor or Grantors with respect to which such waiver, amendment or modification is to apply, subject to any consent required in accordance with
Section 9.02 of the Credit Agreement; provided that the Collateral Agent may, without the consent of any other Secured Party, consent to a departure by any Grantor from any covenant of such Grantor set forth herein to the extent such
departure is consistent with the authority of the Collateral Agent set forth in the definition of the term “Collateral and Guarantee Requirement” in the Credit Agreement. 

SECTION 5.03. Collateral Agent’s Fees and Expenses; Indemnification. (a) Each Grantor, jointly with the other
Grantors and severally, agrees to reimburse the Collateral Agent for its reasonable and documented and invoiced out-of-pocket fees and expenses incurred hereunder as
provided in Section 9.03(a) of the Credit Agreement; provided that each reference therein to the “Borrower” shall be deemed to be a reference to “each Grantor” and each reference therein to the “Administrative
Agent” shall be deemed to be a reference to the “Collateral Agent.” 
 (b) Without limitation of its indemnification
obligations under the other Loan Documents, each Grantor, jointly with the other Grantors and severally, agrees to indemnify the Collateral Agent and the other Indemnitees against, and hold each Indemnitee harmless from, any and all losses, claims,
damages, liabilities and reasonable and documented and invoiced out-of-pocket fees and expenses of one primary counsel and one local counsel in each relevant
jurisdiction (and, in the case of an actual or perceived conflict of interest, where the Indemnitee affected by such conflict notifies the Borrower of the existence of such conflict and thereafter retains its own counsel, one additional counsel to
the affected Indemnitees, taken as a whole) for all Indemnitees (which may include a single special counsel acting in multiple jurisdictions but excluding allocated costs of in-house counsel), incurred by or
asserted against any Indemnitee by any third party or by Holdings, the Borrower or any Subsidiary arising out of, in connection with, or as a result of, the execution, delivery or performance of this Agreement or any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing, whether brought by a third party or by Holdings, the Borrower or any Subsidiary and regardless of whether any Indemnitee is a party thereto; provided that such
indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities, costs or related expenses (x) resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee or its
Related Parties (as determined by a court of competent jurisdiction in a final and non-appealable judgment), (y) resulted from a material breach of the Loan Documents by such Indemnitee or its Related Parties
(as determined by a court of competent jurisdiction in a final and non-appealable judgment) or (z) arise from disputes between or among Indemnitees (other than disputes involving claims against the
Administrative Agent, the Collateral Agent, the Joint Lead Arrangers or any Issuing Bank, in each case, in their respective capacities) that do not involve an act or omission by Holdings, the Borrower or any Subsidiary. 

(c) To the fullest extent permitted by applicable law, no Grantor shall assert, and each Grantor hereby waives, any claim against any
Indemnitee (i) for any direct or actual damages arising from the use by unintended recipients of information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other
information transmission systems (including the Internet) in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby; provided that such indemnity shall not, as to any Indemnitee, be
available to the extent that such direct or actual damages are determined by a court of competent jurisdiction in a final and non-appealable judgment to have resulted from the gross negligence, bad faith or
willful misconduct of, or a material breach of the Loan Documents by, such Indemnitee or its Related Parties, or (ii) on any theory of liability, for special, indirect, consequential, incidental, exemplary or punitive damages (as opposed to
direct or actual damages) arising out of, in connection with, or as a result of this Agreement, any Loan Document or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or the use of the
proceeds thereof. 

  
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 (d) The provisions of this Section 5.03 shall remain operative and in full force and
effect regardless of the termination of this Agreement or any other Loan Document, the consummation of the transactions contemplated hereby or thereby, the repayment of any of the Secured Obligations, the invalidity or unenforceability of any term
or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of any Secured Party. All amounts due under this Section 5.03 shall be payable at the time set forth in Section 9.03(g) of the Credit
Agreement. Any such amounts payable as provided hereunder shall be additional Secured Obligations. 
 SECTION 5.04. Successors and
Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the permitted successors and assigns of such party, and all covenants, promises and agreements by or on behalf of any Grantor
or the Collateral Agent that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns. 

SECTION 5.05. Survival of Agreement. All covenants, agreements, representations and warranties made by the Loan Parties in this
Agreement or any other Loan Document and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the Secured Parties and shall
survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by or on behalf of any Secured Party and notwithstanding that the Collateral Agent,
Administrative Agent, any Lender, any Issuing Bank or any other Secured Party may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended under the Credit Agreement or any other Loan
Document, and shall continue in full force and effect until the Termination Date has occurred, in each case, in accordance with and subject to the limitations set forth in Section 9.05 of the Credit Agreement. 

SECTION 5.06. Counterparts; Effectiveness; Several Agreement. This Agreement may be executed in counterparts (and by different parties
hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile or other electronic
transmission shall be effective as delivery of a manually signed counterpart of this Agreement. This Agreement shall become effective as to any Grantor when a counterpart hereof executed on behalf of such Grantor shall have been delivered to the
Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon such Grantor and the Collateral Agent and their respective permitted successors and assigns, and shall inure
to the benefit of such Grantor, the Collateral Agent and the other Secured Parties and their respective successors and assigns, except that no Grantor shall have the right to assign or transfer its rights or obligations hereunder or any interest
herein (and any such assignment or transfer shall be void) except as expressly provided in this Agreement and the Credit Agreement. This Agreement shall be construed as a separate agreement with respect to each Grantor and may be amended, modified,
supplemented, waived or released with respect to any Grantor without the approval of any other Grantor and without affecting the obligations of any other Grantor hereunder. 

SECTION 5.07. Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a
particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
 SECTION 5.08. Right of Set-off. If an Event of Default under the Credit Agreement shall have occurred and be continuing, each Lender, the Issuing Banks and each of their respective Affiliates is hereby authorized at any time and from
time to time, to the fullest extent permitted by law, to set off and 

  
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apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency, but not withholding or payroll accounts, employee benefits accounts, de minimis
accounts or other accounts used exclusively for taxes or fiduciary or trust purposes) at any time held and other obligations (in whatever currency) at any time owing by such Lender, such Issuing Bank or any such Affiliate to or for the credit or the
account of any Grantor against any of and all the obligations of such Grantor then due and owing under this Agreement held by such Lender or such Issuing Bank, irrespective of whether or not such Lender or such Issuing Bank shall have made any
demand under this Agreement and although (i) such obligations may be contingent or unmatured and (ii) such obligations are owed to a branch or office of such Lender or such Issuing Bank different from the branch or office holding such
deposit or obligated on such Indebtedness. The applicable Lender and Issuing Bank shall notify the applicable Grantor and the Collateral Agent of such setoff and application; provided that any failure to give or any delay in giving such
notice shall not affect the validity of any such setoff and application under this Section 5.08. The rights of each Lender, each Issuing Bank and their respective Affiliates under this Section 5.08 are in addition to other rights and
remedies (including other rights of setoff) that such Lender, such Issuing Bank and their respective Affiliates may have. 
 SECTION 5.09.
Governing Law; Jurisdiction; Consent to Service of Process; Appointment of Service of Process Agent. (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 New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this
Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York
State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in
any other manner provided by law. Nothing in this Agreement shall affect any right that the Collateral Agent, the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement
against any Grantor or its respective properties in the courts of any jurisdiction. 
 (c) Each party hereto hereby irrevocably and
unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that 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 5.09. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any
such court. 
 (d) EACH PARTY TO THIS AGREEMENT IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN
SECTION 5.01. NOTHING IN ANY THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 

(e) EACH GRANTOR HEREBY IRREVOCABLY DESIGNATES, APPOINTS AND EMPOWERS THE BORROWER AS ITS AUTHORIZED DESIGNEE, APPOINTEE AND AGENT TO RECEIVE,
ACCEPT AND ACKNOWLEDGE FOR AND ON ITS BEHALF, AND IN RESPECT OF ITS PROPERTY, SERVICE OF ANY AND ALL LEGAL PROCESS, SUMMONS, NOTICES AND DOCUMENTS THAT MAY BE SERVED IN ANY SUCH ACTION OR PROCEEDING AND THE BORROWER HEREBY ACCEPTS SUCH DESIGNATION
AND APPOINTMENT. IF FOR 

  
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ANY REASON THE BORROWER SHALL CEASE TO BE AVAILABLE TO ACT AS SUCH, EACH GRANTOR ORGANIZED OUTSIDE OF THE UNITED STATES AGREES TO DESIGNATE A NEW AUTHORIZED DESIGNEE, APPOINTEE AND AGENT IN NEW
YORK CITY OR DELAWARE ON THE TERMS AND FOR THE PURPOSES OF THIS PROVISION REASONABLY SATISFACTORY TO THE ADMINISTRATIVE AGENT UNDER THIS AGREEMENT. 

SECTION 5.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH
PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 5.10. 

SECTION 5.11. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are
not part of this Agreement and shall not affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

SECTION 5.12. Security Interest Absolute. To the extent permitted by Law, all rights of the Collateral Agent hereunder, the Security
Interest, the grant of a security interest in the Pledged Collateral and all obligations of each Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other
Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of
the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument, (c) any exchange, release or
non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under or departure from any guarantee securing or guaranteeing all or any of the Secured Obligations or
(d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Grantor in respect of the Secured Obligations or this Agreement other than payment of the Secured Obligations in full or a release of such
Grantor or Security Interest in accordance with Section 5.13. 
 SECTION 5.13. Termination or Release. (a) This Agreement,
the Security Interest and all other security interests granted hereby shall terminate automatically upon the occurrence of the Termination Date. 

(b) The Security Interest and all other security interests granted hereby shall also automatically terminate and be released at the time or
times and in the manner set forth in Section 9.14 of the Credit Agreement. 
 (c) In connection with any termination or release
pursuant to paragraph (a) or (b) of this Section, the Collateral Agent shall execute and deliver to any Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to evidence such termination or
release so long as the applicable Loan Party shall have provided the Collateral Agent such certifications or documents as the Collateral Agent shall reasonably request in order to demonstrate compliance with this Section 5.13.

  
 -21- 

 
Any execution and delivery of documents by the Collateral Agent pursuant to this Section shall be without recourse to or warranty by the Collateral Agent or any other Secured Party. 

SECTION 5.14. Additional Subsidiaries. Upon execution and delivery of a Grantor Supplement to the Collateral Agent, as provided in
Section 5.11 of the Credit Agreement, any such Subsidiary shall become a Grantor, as applicable, hereunder with the same force and effect as if originally named as such herein. The execution and delivery of any such instrument or document shall
not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement. 

SECTION 5.15. Collateral Agent Appointed
Attorney-in-Fact. Each Grantor hereby makes, constitutes and appoints the Collateral Agent (and all officers, employees or agents designated by the Collateral Agent)
the attorney-in-fact of such Grantor for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument that the
Collateral Agent may deem necessary or advisable to accomplish the purposes hereof at any time after and during the continuance of an Event of Default and, other than in the case of any Event of Default arising under Section 7.01(h) or 7.01(i)
of the Credit Agreement, upon three (3) Business Days’ prior written notice, which appointment is irrevocable (until termination of this Agreement in accordance with Section 5.13) and coupled with an interest. Without limiting the
generality of the foregoing, the Collateral Agent shall have the right, but only upon the occurrence and during the continuance of an Event of Default and, other than in the case of any Event of Default arising under Section 7.01(h) or 7.01(i)
of the Credit Agreement, three (3) Business Days’ prior written notice by the Collateral Agent to the Borrower of its intent to exercise such rights, with full power of substitution either in the Collateral Agent’s name or in the name
of such Grantor: (a) to receive, indorse, assign and/or deliver any and all notes, acceptances, checks, drafts, money orders or other evidences of payment relating to the Collateral or any part thereof; (b) to demand, collect, receive
payment of, give receipt for and give discharges and releases of all or any of the Collateral; (c) to sign the name of any Grantor on any invoice or bill of lading relating to any of the Collateral; (d) to send verifications of accounts
receivable to any Account Debtor; (e) to commence and prosecute any and all suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce
any rights in respect of any Collateral; (f) to settle, compromise, compound, adjust or defend any actions, suits or proceedings relating to all or any of the Collateral; (g) to the extent the Loans have been accelerated pursuant to
Section 7.01 of the Credit Agreement, to notify, or to require any Grantor to notify, Account Debtors to make payment directly to the Collateral Agent; (h) to use, sell, assign, transfer, pledge, make any agreement with respect to or
otherwise deal with all or any of the Collateral, and to do all other acts and things necessary to carry out the purposes of this Agreement, as fully and completely as though the Collateral Agent were the absolute owner of the Collateral for all
purposes; and (i) to make, settle and adjust claims in respect of Article 9 Collateral under policies of insurance, indorsing the name of such Grantor on any check, draft, instrument or other item of payment for the proceeds of such policies of
insurance and for making all determinations and decisions with respect thereto; provided that nothing herein contained shall be construed as requiring or obligating the Collateral Agent to make any commitment or to make any inquiry as to the
nature or sufficiency of any payment received by the Collateral Agent, or to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become due in respect thereof or any
property covered thereby. The Collateral Agent and the other Secured Parties shall be accountable only for amounts actually received as a result of the exercise of the powers granted to them herein, and neither they nor their officers, directors,
employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence, bad faith or willful misconduct or that of any of their controlled Affiliates, directors, officers, employees,
counsel, agents or attorneys-in-fact. 
 [Remainder of
Page Intentionally Left Blank] 

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

			
	GOGO INC.,
as a Grantor

 
			
		
	By:	 	/s/ Barry Rowan
	 Name:
	 	 Barry Rowan

	 Title:
	 	Executive Vice President and Chief Financial Officer
	
	GOGO INTERMEDIATE HOLDINGS LLC, 
as a Grantor

 
			
		
	By:	 	/s/ Barry Rowan
	 Name:
	 	 Barry Rowan

	Title:	 	Executive Vice President and Chief Financial Officer
	
	GOGO FINANCE CO. INC., 
as a Grantor

 
			
		
	By:	 	/s/ Barry Rowan
	 Name:
	 	 Barry Rowan

	Title:	 	Executive Vice President and Chief Financial Officer
	
	AC BIDCO LLC, 
as a Grantor

 
			
		
	By:	 	/s/ Barry Rowan
	 Name:
	 	 Barry Rowan

	Title:	 	Executive Vice President and Chief Financial Officer
	
	GOGO CONNECTIVITY LTD., 
as a Grantor

 
			
		
	By:	 	/s/ Barry Rowan
	Name:	 	 Barry Rowan

	Title:	 	Executive Vice President and Chief Financial Officer
	
	GOGO BUSINESS AVIATION LLC, 
as a Grantor

 
			
		
	By:	 	/s/ Barry Rowan
	Name:	 	 Barry Rowan

	Title:	 	Executive Vice President and Chief Financial Officer

  
 [Signature Page to
Collateral Agreement] 

			
	
	GOGO ATG LLC, 
as a Grantor

 
			
		
	By:	 	/s/ Barry Rowan
	Name:	 	 Barry Rowan

	Title:	 	Executive Vice President and Chief Financial Officer

  
 [Signature Page to
Collateral Agreement] 

			
	
	 MORGAN STANLEY SENIOR FUNDING, INC.,

as Collateral Agent

 
			
		
	By:	 	/s/ Joanne Braidi
	 Name:
	 	 Joanne Braidi

	 Title:
	 	 Authorized Signatory

  
 [Signature Page to
Collateral Agreement] 

 Schedule I to the 

Collateral Agreement 
 GRANTORS 

 

	
	Gogo Finance Co. Inc. 
AC Bidco LLC 
Gogo Connectivity Ltd. 
Gogo Business Aviation LLC 
Gogo ATG LLC

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