Document:

EX-10.9

 Exhibit 10.9 

EXECUTION VERSION 
  

 
  

FIRST LIEN PLEDGE AGREEMENT 

among 
 SHAY INTERMEDIATE HOLDING
II CORPORATION, 
 PAE HOLDING CORPORATION, 

CERTAIN OTHER SUBSIDIARIES OF PAE HOLDING CORPORATION 

and 
 BANK OF AMERICA, N.A., 

as COLLATERAL AGENT 
  

 
 Dated as of
October 20, 2016 
  
  

 
  

 

 Table of Contents 

 

							
	 	 	 	  	Page	 
	 1.
	 	Security for Obligations	  	 	2	 
			
	 2.
	 	Definitions	  	 	3	 
			
	 3.
	 	Pledge of Securities, Etc.	  	 	6	 
			
		 	 3.1  Pledge
	  	 	6	 
		 	 3.2  Procedures
	  	 	8	 
		 	 3.3  Subsequently Acquired Collateral
	  	 	10	 
		 	 3.4  Transfer Taxes
	  	 	10	 
		 	 3.5  Certain Representations and Warranties Regarding the Collateral
	  	 	10	 
			
	 4.
	 	Appointment of Sub-Agents	  	 	11	 
			
	 5.
	 	Voting, Etc., While No Event of Default	  	 	11	 
			
	 6.
	 	Dividends and Other Distributions	  	 	11	 
			
	 7.
	 	Remedies in Case of an Event of Default	  	 	12	 
			
	 8.
	 	Remedies, Cumulative, Etc.	  	 	13	 
			
	 9.
	 	Application of Proceeds	  	 	13	 
			
	 10.
	 	Purchasers of Collateral	  	 	13	 
			
	 11.
	 	Indemnity	  	 	13	 
			
	 12.
	 	Pledgee Not A Partner or Limited Liability Company	  	 	14	 
			
	 13.
	 	Further Assurances; Power-of-Attorney	  	 	14	 
			
	 14.
	 	The Pledgee as Collateral Agent	  	 	15	 
			
	 15.
	 	Transfer by the Pledgors	  	 	15	 
			
	 16.
	 	Representations, Warranties and Covenants of the Pledgors	  	 	15	 
			
	 17.
	 	[reserved]	  	 	17	 
			
	 18.
	 	Pledgors’ Obligations Absolute, Etc.	  	 	17	 
			
	 19.
	 	Sale of Collateral Without Registration	  	 	17	 
			
	 20.
	 	Termination; Release	  	 	18	 

							
	 	 	 	  	Page	 
			
	 21.
	 	Notices, Etc.	  	 	19	 
			
	 22.
	 	Waiver; Amendment	  	 	19	 
			
	 23.
	 	Successors and Assigns	  	 	19	 
			
	 24.
	 	Headings Descriptive	  	 	20	 
			
	 25.
	 	GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL	  	 	20	 
			
	 26.
	 	Pledgor’s Duties	  	 	21	 
			
	 27.
	 	Counterparts	  	 	21	 
			
	 28.
	 	Severability	  	 	21	 
			
	 29.
	 	[Reserved]	  	 	21	 
			
	 30.
	 	Additional Pledgors	  	 	21	 
			
	 31.
	 	Limited Obligations	  	 	21	 
			
	 32.
	 	Release of Pledgors	  	 	21	 

  

					
	ANNEX A	 	-	  	FORM OF AGREEMENT REGARDING UNCERTIFICATED SECURITIES, LIMITED LIABILITY COMPANY INTERESTS AND PARTNERSHIP INTERESTS
	EXHIBIT A	 		  	FORM OF JOINDER AGREEMENT

 FIRST LIEN PLEDGE AGREEMENT 

FIRST LIEN PLEDGE AGREEMENT (as amended, modified, restated and/or supplemented from time to time, this “Agreement”), dated
as of October 20, 2016, among each of the undersigned pledgors (each, a “Pledgor” and, together with any other entity that becomes a pledgor hereunder pursuant to Section 30 hereof, the “Pledgors”) and
Bank of America, N.A., as collateral agent (together with any successor collateral agent, the “Pledgee” or the “Collateral Agent”), for the benefit of the Secured Creditors (as defined below). Except as otherwise
defined herein, all capitalized terms used herein and defined in the Credit Agreement (as defined below) shall be used herein as therein defined. 

W I T N E S S E T H : 

WHEREAS, Shay Intermediate Holding II Corporation, a Delaware corporation (“Holdings”), PAE Holding Corporation, a Delaware
corporation (the “Lead Borrower”), the other borrowers party thereto (each, a “Subsidiary Borrower” and together with the Lead Borrower, the “Borrowers”), the lenders party thereto from time to time
(the “Lenders”) and Bank of America, N.A., as administrative agent (together with any successor administrative agent, the “Administrative Agent”) have entered into a First Lien Term Loan Credit Agreement, dated as
of even date herewith (as amended, modified, restated and/or supplemented from time to time, the “Credit Agreement”), providing for the making of Term Loans to the Borrowers, as contemplated therein (the Lenders, the Administrative
Agent, the Collateral Agent, each other Agent and the Pledgee are herein called the “Lender Creditors”); 
 WHEREAS, the
Lead Borrower and/or one or more of its Restricted Subsidiaries may at any time and from time to time enter into one or more Designated Interest Rate Protection Agreements and Designated Treasury Services Agreements with Guaranteed Creditors (the
Administrative Agent, each Lender Creditor and each Guaranteed Creditor, together with their permitted successors and assigns, if any, collectively, the “Secured Creditors”); 

WHEREAS, pursuant to the Credit Agreement Party Guaranty, each of Holdings, the Lead Borrower and the Subsidiary Borrowers has guaranteed to
the Guaranteed Creditors the payment when due of its Relevant Guaranteed Obligations; 
 WHEREAS, pursuant to the Subsidiaries Guaranty,
each Subsidiary Guarantor has jointly and severally guaranteed to the Guaranteed Creditors (as defined in the Subsidiaries Guaranty) the payment when due of all Guaranteed Obligations (as defined in the Subsidiaries Guaranty); 

WHEREAS, it is a condition precedent to the making of Term Loans to the Borrowers under the Credit Agreement and to the Guaranteed Creditors
entering into Designated Interest Rate Protection Agreements and Designated Treasury Services Agreements that each Pledgor shall have executed and delivered to the Pledgee this Agreement; and 

WHEREAS, each Pledgor will obtain benefits from the incurrence of Term Loans by the Borrowers under the Credit Agreement and the entering into
by the Lead Borrower and/or one or more of its Restricted Subsidiaries of Designated Interest Rate Protection Agreements and Designated Treasury Services Agreements and, accordingly, desires to execute this Agreement in order to satisfy the
condition described in the preceding paragraph and to induce the Lenders to make Term Loans to the Borrowers and the Guaranteed Creditors to enter into Designated Interest Rate Protection Agreements and Designated Treasury Services Agreements with
the Lead Borrower and/or one or more of its Restricted Subsidiaries; 

  
 -1- 

 NOW, THEREFORE, in consideration of the foregoing and other benefits accruing to each
Pledgor, the receipt and sufficiency of which are hereby acknowledged, each Pledgor hereby makes the following representations and warranties to the Pledgee for the benefit of the Secured Creditors and hereby covenants and agrees with the Pledgee
for the benefit of the Secured Creditors as follows: 
 1. Security for Obligations. This Agreement is made by each Pledgor for the
benefit of the Secured Creditors to secure the prompt and complete payment or performance, as the case may be, when due, of: 

(i) all now existing or hereafter arising debts, obligations, covenants, and duties of payment or performance of every kind,
matured or unmatured, direct or contingent, owing, arising, due, or payable to any Lender, Agent or Indemnified Person by any Pledgor arising out of the Credit Agreement or any other Credit Document, including, without limitation, all obligations to
repay principal or interest (including interest, fees and other amounts accruing during any proceeding under any Debtor Relief Laws, regardless of whether allowed or allowable in such proceeding) on the Term Loans, and to pay interest, fees, costs,
charges, expenses, professional fees, and all sums chargeable to any Credit Party or for which any Credit Party is liable as indemnitor under the Credit Documents, whether or not evidenced by any note or other instrument (all such obligations,
liabilities and indebtedness under this clause (i) together with obligations under clauses (iii), (iv), (v) and (vi), except to the extent consisting of obligations, liabilities or indebtedness with respect to Designated Interest Rate
Protection Agreements or Designated Treasury Services Agreements, being herein collectively called the “Credit Document Obligations”); 

(ii) liabilities and indebtedness of the Lead Borrower or any of its Restricted Subsidiaries owing under any Designated
Interest Rate Protection Agreement or Designated Treasury Services Agreement (in each case other than any Excluded Swap Obligation) entered into by the Lead Borrower or any of its Restricted Subsidiaries, whether now in existence or hereafter
arising, and the due performance and compliance with all terms, conditions and agreements contained therein (all such obligations, liabilities and indebtedness under this clause (ii) being herein collectively called the “Other
Obligations”); 
 (iii) any and all sums advanced by the Pledgee in order to preserve the Collateral or preserve its
security interest in the Collateral in accordance with the terms and provisions of this Agreement and the other Credit Documents; 

(iv) in the event of any proceeding for the collection or enforcement of any indebtedness, obligations, or liabilities of such
Pledgor referred to in clauses (i) and (ii) above, after an Event of Default shall have occurred and be continuing, the reasonable invoiced out-of-pocket expenses
of retaking, holding, preparing for sale or lease, selling or otherwise disposing of or realizing on the Collateral, or of any exercise by the Pledgee of its rights hereunder, together with reasonable attorneys’ fees and court costs, in each
case, in accordance with the terms and provisions of this Agreement and Section 13.01 of the Credit Agreement; 
 (v)
all amounts paid by any Indemnified Person as to which such Indemnified Person has the right to reimbursement under the Credit Agreement; and 

  
 -2- 

 (vi) all amounts owing to any Agent or any of its Affiliates pursuant to any
of the Credit Documents in its capacity as such; it being acknowledged and agreed that the “Obligations” shall include extensions of credit of the types described above, whether outstanding on the date of this Agreement or extended from
time to time after the date of this Agreement. Notwithstanding anything to the contrary contained above, (x) obligations of any Pledgor under any Designated Interest Rate Protection Agreement or Designated Treasury Services Agreement shall be
secured and guaranteed pursuant to the Credit Documents only to the extent that, and for so long as, the other Obligations are so secured and guaranteed and (y) any release of Collateral or Guarantors effected in the manner permitted by this
Agreement shall not require the consent of holders of obligations under Designated Interest Rate Protection Agreement or Designated Treasury Services Agreement. 

2. Definitions. 

(a) Unless otherwise defined herein, all capitalized terms used herein and defined in the Credit Agreement shall be used herein
as therein defined. Reference to singular terms shall include the plural and vice versa. 
 (b) The following capitalized
terms used herein shall have the definitions specified below: 
 “Administrative Agent” shall have the
meaning set forth in the recitals hereto. 
 “Adverse Claim” shall have the meaning given such term in Section 8-102(a)(1) of the UCC. 
 “Agreement” shall have the
meaning set forth in the first paragraph hereof. 
 “Borrowers” shall have the meaning set forth in the
recitals hereto. 
 “Certificated Security” shall have the meaning given such term in Section 8-102(a)(4) of the UCC. 
 “Clearing Corporation” shall have
the meaning given such term in Section 8-102(a)(5) of the UCC. 

“Collateral” shall have the meaning set forth in Section 3.1 hereof. 

“Collateral Accounts” shall mean any and all accounts established and maintained by the Pledgee in the name
of any Pledgor to which Collateral may be credited. 
 “Credit Agreement” shall have the meaning set forth
in the recitals hereto. 
 “Credit Document Obligations” shall have the meaning set forth in
Section 1(i) hereof. 
 “Domestic Corporation” shall mean any corporation, company or other body
corporate incorporated under the laws of the United States, any State thereof or the District of Columbia 

“Excluded Collateral” shall have the meaning given such term in the Security Agreement. 

“Financial Asset” shall have the meaning given such term in
Section 8-102(a)(9) of the UCC. 

  

-3- 

 “Foreign Corporation” shall mean any corporation, company
or other body corporate not a Domestic Corporation. 
 “Holdings” shall have the meaning set forth in the
recitals hereto. 
 “Instrument” shall have the meaning given such term in
Section 9-102(a)(47) of the UCC. 
 “Investment Property”
shall have the meaning given such term in Section 9-102(a)(49) of the UCC. 

“Lead Borrower” shall have the meaning set forth in the recitals hereto. 

“Lender Creditors” shall have the meaning set forth in the recitals hereto. 

“Lenders” shall have the meaning set forth in the recitals hereto. 

“Limited Liability Company Assets” shall mean all assets, whether tangible or intangible and whether real,
personal or mixed (including, without limitation, all limited liability company capital and interest in other limited liability companies), at any time owned by any Pledgor or represented by any Limited Liability Company Interest. 

“Limited Liability Company Interests” shall mean the entire limited liability company membership interest at
any time owned by any Pledgor in any limited liability company. 
 “Location” of any Pledgor has the
meaning given such term in Section 9-307 of the UCC. 
 “Non-Voting Equity Interests” shall mean all Equity Interests of any Person which are not Voting Equity Interests. 

“Notes” shall mean (x) all intercompany notes at any time issued to each Pledgor and (y) all other
promissory notes from time to time issued to, or held by, each Pledgor. 
 “Obligations” shall have the
meaning set forth in Section 1 hereof. 
 “Other Creditors” shall have the meaning set forth in the
recitals hereto. 
 “Other Obligations” shall have the meaning set forth in Section 1(ii) hereof. 

“Partnership Assets” shall mean all assets, whether tangible or intangible and whether real, personal or
mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned by any Pledgor or represented by any Partnership Interest. 

“Partnership Interest” shall mean the entire general partnership interest or limited partnership interest at
any time owned by any Pledgor in any general partnership or limited partnership. 
 “Pledged Notes” shall
mean all Notes at any time pledged or required to be pledged hereunder. 
 “Pledgee” shall have the meaning
set forth in the first paragraph hereof. 

  
 -4- 

 “Pledgor” shall have the meaning set forth in the first
paragraph hereof. 
 “Proceeds” shall have the meaning given such term in
Section 9-102(a)(64) of the UCC. 
 “Quarterly Update Date”
means the later of (i) the date of delivery of the compliance certificate from a Responsible Officer pursuant to Section 9.01(e) of the Credit Agreement, (ii) thirty (30) days after the acquisition of the applicable after-acquired
Collateral or occurrence of applicable change and (iii) the date agreed to in the sole discretion of the Pledgee. 

“Registered Organization” shall have the meaning given such term in
Section 9-102(a)(70) of the UCC. 
 “Secured Creditors” shall
have the meaning set forth in the recitals hereto. 
 “Secured Debt Agreements” shall mean and includes
(x) this Agreement, (y) the other Credit Documents and (z) the Designated Interest Rate Protection Agreements and Designated Treasury Services Agreements entered into with any Guaranteed Creditors. 

“Securities Account” shall have the meaning given such term in
Section 8-501(a) of the UCC. 
 “Securities Act” shall mean
the Securities Act of 1933, as amended, as in effect from time to time. 
 “Securities Intermediary” shall
have the meaning given such term in Section 8-102(a)(14) of the UCC. 

“Security” and “Securities” shall have the meaning given such term in Section 8-102(a)(15) of the UCC and shall in any event also include all Equity Interests and all Notes. 

“Security Entitlement” shall have the meaning given such term in
Section 8-102(a)(17) of the UCC. 
 “Subsidiary Borrowers”
shall have the meaning set forth in the recitals hereto. 
 “Termination Date” shall have the meaning set
forth in Section 20 hereof. 
 “UCC” shall mean the Uniform Commercial Code as in effect in the State
of New York from time to time; provided that if the Uniform Commercial Code of any other jurisdiction governs perfection or priority of any security interest granted herein or is otherwise applicable by reason of a mandatory provision
thereof, then the UCC shall mean such Uniform Commercial Code; provided, further, that all references herein to specific Sections or subsections of the UCC are references to such Sections or subsections, as the case may be, of the
Uniform Commercial Code as in effect in the State of New York on the date hereof. 
 “Uncertificated
Security” shall have the meaning given such term in Section 8-102(a)(18) of the UCC. 

“Voting Equity Interests” shall have the meaning provided in the Security Agreement. 

  

-5- 

 3. Pledge of Securities, Etc. 

3.1 Pledge. To secure the Obligations now or hereafter owed or to be performed by such Pledgor (but subject to clause (x) of the
proviso at the end of this Section 3.1 in the case of the Voting Equity Interests pledged hereunder of (x) Foreign Subsidiaries that are CFCs and (y) FSHCOs), each Pledgor does hereby grant and pledge to the Pledgee for the benefit of
the Secured Creditors, and does hereby create a continuing security interest (subject to those Liens permitted to exist with respect to the Collateral pursuant to the terms of all Secured Debt Agreements then in effect) in favor of the Pledgee for
the benefit of the Secured Creditors in, all of its right, title and interest in and to the following, whether now existing or hereafter from time to time acquired (collectively, the “Collateral”): 

(a) each of the Collateral Accounts (to the extent a security interest therein is not created pursuant to the Security
Agreement), including any and all assets of whatever type or kind deposited by such Pledgor in any such Collateral Account, whether now owned or hereafter acquired, existing or arising, including, without limitation, all Financial Assets, Investment
Property, monies, checks, drafts, Instruments, Securities or interests therein of any type or nature deposited or required by the Credit Agreement or any other Secured Debt Agreement to be deposited in such Collateral Account, and all investments
and all certificates and other Instruments (including depository receipts, if any) from time to time representing or evidencing the same, and all dividends, interest, distributions, cash and other property from time to time received, receivable or
otherwise distributed in respect of or in exchange for any or all of the foregoing; 
 (b) all Securities owned or held by
such Pledgor from time to time and all options and warrants owned by such Pledgor from time to time to purchase Securities; 

(c) all Limited Liability Company Interests owned by such Pledgor from time to time and all of its right, title and interest in
each limited liability company to which each such Limited Liability Company Interest relates, whether now existing or hereafter acquired, including, without limitation, to the fullest extent permitted under the terms and provisions of the documents
and agreements governing such Limited Liability Company Interests and applicable law: 
 (A) all its capital therein and its
interest in all profits, income, surpluses, losses, Limited Liability Company Assets and other distributions to which such Pledgor shall at any time be entitled in respect of such Limited Liability Company Interests; 

(B) all other payments due or to become due to such Pledgor in respect of Limited Liability Company Interests, whether under
any limited liability company agreement or otherwise, whether as contractual obligations, damages, insurance proceeds or otherwise; 

(C) all of its claims, rights, powers, privileges, authority, options, security interests, liens and remedies, if any, under
any limited liability company agreement or operating agreement, or at law or otherwise in respect of such Limited Liability Company Interests; 

(D) all present and future claims, if any, of such Pledgor against any such limited liability company for monies loaned or
advanced, for services rendered or otherwise; 

  
 -6- 

 (E) all of such Pledgor’s rights under any limited liability company
agreement or operating agreement or at law to exercise and enforce every right, power, remedy, authority, option and privilege of such Pledgor relating to such Limited Liability Company Interests, including any power to terminate, cancel or modify
any such limited liability company agreement or operating agreement, to execute any instruments and to take any and all other action on behalf of and in the name of such Pledgor in respect of such Limited Liability Company Interests and any such
limited liability company, to make determinations, to exercise any election (including, but not limited to, election of remedies) or option or to give or receive any notice, consent, amendment, waiver or approval, together with full power and
authority to demand, receive, enforce, collect or receipt for any of the foregoing or for any Limited Liability Company Asset, to enforce or execute any checks, or other instruments or orders, to file any claims and to take any action in connection
with any of the foregoing; and 
 (F) all other property hereafter delivered in substitution for or in addition to any of the
foregoing, all certificates and instruments representing or evidencing such other property and all cash, securities, interest, dividends, rights and other property at any time and from time to time received, receivable or otherwise distributed in
respect of or in exchange for any or all thereof; 
 (d) all Partnership Interests owned by such Pledgor from time to time
and all of its right, title and interest in each partnership to which each such Partnership Interest relates, whether now existing or hereafter acquired, including, without limitation, to the fullest extent permitted under the terms and provisions
of the documents and agreements governing such Partnership Interests and applicable law: 
 (A) all its capital therein and
its interest in all profits, income, surpluses, losses, Partnership Assets and other distributions to which such Pledgor shall at any time be entitled in respect of such Partnership Interests; 

(B) all other payments due or to become due to such Pledgor in respect of Partnership Interests, whether under any partnership
agreement or otherwise, whether as contractual obligations, damages, insurance proceeds or otherwise; 
 (C) all of its
claims, rights, powers, privileges, authority, options, security interests, liens and remedies, if any, under any partnership agreement or operating agreement, or at law or otherwise in respect of such Partnership Interests; 

(D) all present and future claims, if any, of such Pledgor against any such partnership for monies loaned or advanced, for
services rendered or otherwise; 
 (E) all of such Pledgor’s rights under any partnership agreement or operating
agreement or at law to exercise and enforce every right, power, remedy, authority, option and privilege of such Pledgor relating to such Partnership Interests, including any power to terminate, cancel or modify any partnership agreement or operating
agreement, to execute any instruments and to take any and all other action on behalf of and in the name of such Pledgor in respect of such Partnership Interests and any such partnership, to make determinations, to exercise any election (including,
but not limited to, election of remedies) or option or to give or receive any notice, consent, amendment, waiver or approval, together with full power and authority to demand, receive, enforce, collect or receipt for any of the foregoing or for any
Partnership Asset, to enforce or execute any checks, or other instruments or orders, to file any claims and to take any action in connection with any of the foregoing; and 

  

-7- 

 (F) all other property hereafter delivered in substitution for or in
addition to any of the foregoing, all certificates and instruments representing or evidencing such other property and all cash, securities, interest, dividends, rights and other property at any time and from time to time received, receivable or
otherwise distributed in respect of or in exchange for any or all thereof; 
 (e) all other Equity Interests, Financial
Assets, Investment Property and Notes owned by such Pledgor from time to time; 
 (f) all Security Entitlements owned by such
Pledgor from time to time in any and all of the foregoing; and 
 (g) all Proceeds of any and all of the foregoing; 

provided that (x) with respect to the pledge of any Equity Interests in any Foreign Subsidiary that is a CFC or FSHCO, the pledge hereunder shall
not include more than 65% of the total combined voting power of all classes of Voting Equity Interests of (i) each such Foreign Subsidiary that is a CFC and (ii) each such FSHCO, (y) the pledge by any Pledgor hereunder shall not
include the Equity Interests of (i) a joint venture or other non-wholly-owned subsidiary to the extent that granting a security interest in or a Lien on such Equity Interests is not permitted by the
governing documents of such joint venture or other non-wholly-owned subsidiary, and (ii) any Subsidiary not directly owned by such Pledgor and (z) subject to clause (y), each Pledgor shall be
required to pledge hereunder 100% of the Non-Voting Equity Interests of each Foreign Subsidiary that is a CFC at any time and from time to time acquired by such Pledgor, which
Non-Voting Equity Interests shall not be subject to the limitations described in preceding clause (x). Notwithstanding the foregoing or anything to the contrary contained herein, no pledge or security interest
is or will be granted pursuant to this Agreement in any right, title or interest of any Pledgor in, to or under the Excluded Collateral. 

3.2 Procedures. 

(a) To the extent that any Pledgor at any time or from time to time owns, acquires or obtains any right, title or interest in
any Collateral, such Collateral shall automatically (and without the taking of any action by such Pledgor) be pledged pursuant to Section 3.1 of this Agreement and, in addition thereto, subject to the ABL Intercreditor Agreement, such Pledgor
shall (to the extent provided below) take the following actions as set forth below (as promptly as practicable) for the benefit of the Pledgee and the other Secured Creditors: 

(i) with respect to a Certificated Security (other than a Certificated Security credited on the books of a Clearing Corporation
or Securities Intermediary), such Pledgor shall on the date hereof, with respect to any such Certificated Security held on the date hereof, and subject to Section 9.12 of the Credit Agreement, on or prior to the next Quarterly Update Date with
respect to any Certificated Security acquired after the date hereof, physically deliver such Certificated Security to the Pledgee, endorsed to the Pledgee or endorsed in blank to the extent the interests represented by such Certificated Security are
required to be pledged hereunder; 

  

-8- 

 (ii) at any time when an Event of Default shall have occurred and be
continuing, with respect to a Certificated Security, Uncertificated Security, Partnership Interest or Limited Liability Company Interest credited on the books of a Clearing Corporation or Securities Intermediary (including a Federal Reserve Bank,
Participants Trust Company or The Depository Trust Company), such Pledgor shall promptly notify the Pledgee thereof and shall promptly take (x) all actions required (i) to comply with the applicable rules of such Clearing Corporation or
Securities Intermediary and (ii) to perfect the security interest of the Pledgee under applicable law (including, in any event, under Sections 9-314(a), (b) and (c),
9-106 and 8-106(d) of the UCC) and (y) such other actions as the Pledgee deems necessary or desirable to effect the foregoing; 

(iii) with respect to an Uncertificated Security (other than an Uncertificated Security credited on the books of a Clearing
Corporation or Securities Intermediary), at any time any Event of Default under the Credit Agreement has occurred and is continuing, such Pledgor shall cause the issuer of such Uncertificated Security, promptly, upon the request of the Collateral
Agent, to duly authorize, execute, and deliver to the Pledgee, an agreement for the benefit of the Pledgee and the other Secured Creditors substantially in the form of Annex A hereto (appropriately completed to the reasonable satisfaction of the
Pledgee and with such modifications, if any, as shall be reasonably satisfactory to the Pledgee) pursuant to which such issuer agrees to comply with any and all instructions originated by the Pledgee without further consent by the registered owner
and not to comply with instructions regarding such Uncertificated Security (and any Partnership Interests and Limited Liability Company Interests issued by such issuer) originated by any other Person other than a court of competent jurisdiction;

 (iv) [reserved]; and 

(v) with respect to any Note (other than a Note which does not have a principal amount in excess of $1,000,000), such Pledgor
shall on the date hereof, with respect to any Note held on the date hereof, and on or prior to the next Quarterly Update Date, with respect to any Note acquired after the date hereof, physically deliver such Note to the Pledgee, endorsed in blank or
endorsed to the Pledgee; 
 provided that, notwithstanding anything to the contrary contained in this Section 3.2(a), a Pledgor shall not be
required to take the actions set forth in this Section with respect to any Equity Interests of a Person that is not a Subsidiary of such Pledgor to the extent the aggregate fair market value of all such Equity Interests does not exceed $1,000,000.

 (b) In addition to the actions required to be taken pursuant to Section 3.2(a) hereof, each Pledgor shall take the
following additional actions with respect to the Collateral: 
 (i) with respect to all Collateral of such Pledgor whereby or
with respect to which the Pledgee may obtain “control” thereof within the meaning of Section 8-106 of the UCC (or under any provision of the UCC as same may be amended or supplemented from time
to time, or under the laws of any relevant State other than the State of New York), such Pledgor shall take all actions as may be reasonably requested from time to time by the Pledgee so that “control” of such Collateral is obtained and at
all times held by the Pledgee, in each case to the extent otherwise required by this Agreement; and 
 (ii) each Pledgor
shall from time to time cause appropriate financing statements (on appropriate forms) under the Uniform Commercial Code, covering all Collateral hereunder (with the form of such financing statements to be reasonably satisfactory to the Pledgee), to
be filed in the relevant filing offices, so that at all times the Pledgee’s security interest in the Investment Property and other Collateral which can be perfected by the filing of such financing statements (in each case to the maximum extent
perfection by filing may be obtained under the laws of the relevant States, including, without limitation, Section 9-312(a) of the UCC) is so perfected. 

  
 -9- 

 Notwithstanding anything to the contrary contained herein or in any other Credit Document, no Pledgor shall
be required to take any action with respect to the creation or perfection of a security interest or Liens under foreign law with respect to any Collateral. 

3.3 Subsequently Acquired Collateral. If any Pledgor shall acquire (by purchase, stock dividend, distribution or otherwise) any
additional Collateral at any time or from time to time after the date hereof, (i) such Collateral shall automatically (and without any further action being required to be taken) be subject to the pledge and security interests created pursuant
to Section 3.1 hereof and, furthermore, such Pledgor will thereafter take (or cause to be taken) all action, on or prior to the next Quarterly Update Date, with respect to such Collateral in accordance with the procedures set forth in
Section 3.2 hereof. Without limiting the foregoing, each Pledgor shall be required to pledge hereunder the Equity Interests of any FSHCO or Foreign Subsidiary at any time and from time to time after the date hereof acquired by such Pledgor,
provided that (x) any such pledge of Voting Equity Interests of any FSHCO or Foreign Subsidiary that is a CFC shall be subject to the provisions of clauses (x) and (y) of the proviso to Section 3.1 hereof and (y) each
Pledgor shall be required to pledge hereunder 100% of the Non-Voting Equity Interests of each FSHCO or Foreign Subsidiary at any time and from time to time acquired by such Pledgor. 

3.4 Transfer Taxes. Each pledge of Collateral under Section 3.1 or Section 3.3 hereof shall be accompanied by any transfer
tax stamps required in connection with the pledge of such Collateral and if paid by any Secured Creditor, shall be reimbursed in accordance with the terms and provisions set forth in the Credit Agreement. 

3.5 Certain Representations and Warranties Regarding the Collateral. Each Pledgor represents and warrants that on the date hereof:
(i) each Subsidiary of such Pledgor, and the direct ownership thereof, is listed in Schedule 9(a) of the Perfection Certificate; (ii) the Equity Interests (and any warrants or options to purchase Equity Interests), in each case of any such
Equity Interests in a Person that is not a Subsidiary of the Lead Borrower to the extent valued in excess of $1,000,000, held by such Pledgor consists of the number and type of shares of the Equity Interests (or warrants or options to purchase any
Equity Interests) of the corporations as described in Schedule 9(b) of the Perfection Certificate; (iii) such Equity Interests referenced in clause (ii) of this paragraph constitutes that percentage of the issued and outstanding Equity
Interests of the issuing corporation (or other applicable issuer) as is set forth in Schedule 9(b) of the Perfection Certificate; (iv) the Notes held by such Pledgor consist of the intercompany notes and the promissory notes described in
Schedule 10 of the Perfection Certificatewhere such Pledgor is listed as the lender, in each case to the extent any such Note exceeds $1,000,000; (v) the Limited Liability Company Interests held by such Pledgor and required to be pledged hereunder
consist of the number and type of interests of the Persons described in Schedule 9(a) and Schedule 9(b) of the Perfection Certificate; (vi) each such Limited Liability Company Interest referenced in clause (v) of this paragraph constitutes
that percentage of the issued and outstanding equity interest of the issuing Person as set forth in Schedule 9(a) and Schedule 9(b) of the Perfection Certificate; (vii) the Partnership Interests held by such Pledgor and required to be pledged
hereunder consist of the number and type of interests of the Persons described in Schedule 9(a) and Schedule 9(b) of the Perfection Certificate; (viii) each such Partnership Interest referenced in clause (viii) of this paragraph
constitutes that percentage or portion of the entire partnership interest of the Partnership as set forth in Schedule 9(a) and Schedule 9(b) of the Perfection Certificate; (ix) the Pledgor has complied with the respective procedure set forth in
Section 3.2(a) hereof (to the extent applicable and required thereby) with respect to each item of Collateral described in Schedules 9(a), 9(b) and 10 of the Perfection Certificate; and (x) on the date hereof, such Pledgor owns no other
Securities, Equity Interests, Notes, Limited Liability Company Interests or Partnership Interests which are required to be listed on such Schedules and pledged under Section 3.1 hereof. 

  
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 4. Appointment of Sub-Agents. The Pledgee
shall have the right to appoint one or more sub-agents for the purpose of retaining physical possession of the Collateral. 

5. Voting, Etc., While No Event of Default. For greater certainty, unless and until there shall have occurred and be continuing any
Event of Default under the Credit Agreement, each Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof. All
such rights of each Pledgor to vote and to give consents, waivers and ratifications shall cease at any time after the occurrence and during the continuance of an Event of Default and, except in the case of an Event of Default under
Section 11.05 of the Credit Agreement, upon at least one Business Days’ prior written notice from the Pledgee of its intent to exercise its rights under this Agreement. 

6. Dividends and Other Distributions. For greater certainty, except as permitted under the Credit Agreement, unless and until there
shall have occurred and be continuing an Event of Default and, other than in the case of an Event of Default under Section 11.05 of the Credit Agreement, the Pledgee shall have given at least one Business Days’ prior written notice of its
intent to exercise such rights to the Pledgor, all cash dividends, cash distributions, cash Proceeds and other cash amounts payable in respect of the Collateral shall be paid to the respective Pledgor. While this Agreement is in effect, the Pledgee
shall be entitled to receive directly, and to retain as part of the Collateral, in each case, to the extent otherwise required by this Agreement: 

(i) all other or additional Equity Interests, Notes, Certificated Securities, Limited Liability Company Interests, Partnership
Interests, Instruments or other securities or property (including, but not limited to, cash dividends other than as set forth above) paid or distributed by way of dividend or otherwise in respect of the Collateral; 

(ii) all other or additional Equity Interests, Notes, Certificated Securities, Limited Liability Company Interests, Partnership
Interests, Instruments or other securities or property (including, but not limited to, cash (although such cash may be paid directly to the respective Pledgor so long as no Event of Default then exists)) paid or distributed in respect of the
Collateral by way of stock-split, spin-off, split-up, reclassification, combination of shares or similar rearrangement; and 

(iii) all other or additional Equity Interests, Notes, Certificated Securities, Limited Liability Company Interests,
Partnership Interests, Instruments or other securities or property (including, but not limited to, cash) which may be paid in respect of the Collateral by reason of any consolidation, merger, exchange of stock, conveyance of assets, liquidation or
similar corporate or other reorganization. 
 Nothing contained in this Section 6 shall limit or restrict in any way the Pledgee’s right to
receive the proceeds of the Collateral in any form in accordance with Section 3 of this Agreement. All dividends, distributions or other payments which are received by any Pledgor contrary to the provisions of this Section 6 or
Section 7 hereof shall be received for the benefit of the Pledgee, shall be segregated from other property or funds of such Pledgor and shall be forthwith delivered to the Pledgee as Collateral in the same form as so received (with any
necessary endorsement). 

  
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 7. Remedies in Case of an Event of Default. (a) If there shall have occurred and
be continuing an Event of Default, then and in every such case, subject to the terms of the ABL Intercreditor Agreement, the Pledgee shall be entitled to exercise all of the rights, powers and remedies (whether vested in it by this Agreement, any
other Secured Debt Agreement or by law) for the protection and enforcement of its rights in respect of the Collateral, and the Pledgee shall be entitled to exercise all the rights and remedies of a secured party under the UCC as in effect in any
relevant jurisdiction and also shall be entitled, without limitation, to exercise the following rights, with each Pledgor hereby agreeing that the rights set forth in clauses (i), (ii), (iii), (iv) and (vi) below are commercially reasonable:

 (i) to receive all amounts payable in respect of the Collateral otherwise payable under Section 6 hereof to the
respective Pledgor; 
 (ii) to, upon at least one Business Day’s prior written notice, transfer all or any part of the
Collateral into the Pledgee’s name or the name of its nominee or nominees; 
 (iii) to accelerate any Pledged Note which
may be accelerated in accordance with its terms, and take any other lawful action to collect upon any Pledged Note (including, without limitation, to make any demand for payment thereon); 

(iv) to, upon at least one Business Day’s prior written notice, vote (and exercise all rights and powers in respect of
voting) all or any part of the Collateral (whether or not transferred into the name of the Pledgee) and give all consents, waivers and ratifications in respect of the Collateral and otherwise act with respect thereto as though it were the outright
owner thereof (each Pledgor hereby irrevocably constituting and appointing the Pledgee the proxy and attorney-in-fact of such Pledgor, with full power of substitution to
do so); 
 (v) at any time and from time to time to sell, assign and deliver, or grant options to purchase, all or any part
of the Collateral, or any interest therein, at any public or private sale, without demand of performance, advertisement or, notice of intention to sell or of the time or place of sale or adjournment thereof or to redeem or otherwise purchase or
dispose (all of which are hereby waived by each Pledgor), for cash, on credit or for other property, for immediate or future delivery without any assumption of credit risk, and for such price or prices and at such time or times, at such place or
places and on such terms as the Pledgee may, in compliance with any mandatory requirements of applicable law, determine to be commercially reasonable, provided at least 10 days’ prior written notice of the time and place of any such sale
shall be given to the respective Pledgor. The Pledgee shall not be obligated to make any such sale of Collateral regardless of whether any such notice of sale has theretofore been given. Each Pledgor hereby waives and releases to the fullest extent
permitted by law any right or equity of redemption with respect to the Collateral, whether before or after sale hereunder, and all rights, if any, of marshalling the Collateral and any other security or the Obligations or otherwise. At any such
sale, unless prohibited by applicable law, the Pledgee on behalf of the Secured Creditors may bid for and purchase all or any part of the Collateral so sold free from any such right or equity of redemption. Neither the Pledgee nor any other Secured
Creditor shall be liable for failure to collect or realize upon any or all of the Collateral or for any delay in so doing nor shall any of them be under any obligation to take any action whatsoever with regard thereto; and 

(vi) to set off any and all Collateral against any and all Obligations, and to withdraw any and all cash or other Collateral
from any and all Collateral Accounts and to apply such cash and other Collateral to the payment of any and all Obligations. 

  
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 (b) It is understood and agreed that in respect of Collateral consisting of Uncertificated
Securities, Partnership Interests and Limited Liability Company Interests subject of an agreement substantially in the form of Annex A and as described in Section 3.2(a)(ii), unless an Event of Default has occurred and is continuing, the
Pledgee shall not deliver to the issuer of such Uncertificated Securities, Partnership Interests or Limited Liability Company Interests, as the case may be, a notice stating that the Pledgee is exercising exclusive control of such Uncertificated
Securities, Partnership Interests or Limited Liability Company Interests, as the case may be, under, and as described in such respective agreement. 

8. Remedies, Cumulative, Etc. Each and every right, power and remedy of the Pledgee provided for in this Agreement or in any other
Secured Debt Agreement, or now or hereafter existing at law or in equity or by statute shall be cumulative and concurrent and, subject to Section 12(c) hereof, shall be in addition to every other such right, power or remedy. The exercise or
beginning of the exercise by the Pledgee or any other Secured Creditor of any one or more of the rights, powers or remedies provided for in this Agreement or any other Secured Debt Agreement or now or hereafter existing at law or in equity or by
statute or otherwise shall not preclude the simultaneous or later exercise by the Pledgee or any other Secured Creditor of all such other rights, powers or remedies, and no failure or delay on the part of the Pledgee or any other Secured Creditor to
exercise any such right, power or remedy shall operate as a waiver thereof. No notice to or demand on any Pledgor in any case shall entitle it to any other or further notice or demand in similar or other circumstances or constitute a waiver of any
of the rights of the Pledgee or any other Secured Creditor to any other or further action in any circumstances without notice or demand. The Secured Creditors agree that this Agreement may be enforced only by the action of the Pledgee and that no
other Secured Creditor shall have any right individually to seek to enforce or to enforce this Agreement or to realize upon the security to be granted hereby, it being understood and agreed that such rights and remedies may be exercised by the
Pledgee for the benefit of the Secured Creditors upon the terms of this Agreement and the Security Agreement. 
 9. Application of
Proceeds. 
 (a) Subject to the terms of the ABL Intercreditor Agreement, all monies collected by the Pledgee upon any sale or other
disposition of the Collateral as a result of the exercise of any remedies by the Pledgee after the occurrence and during the continuance of an Event of Default pursuant to the terms of this Agreement, together with all other monies received by the
Pledgee hereunder, shall be applied in the manner provided in the Security Agreement. 
 (b) It is understood and agreed that each Pledgor
shall remain jointly and severally liable with respect to its Obligations to the extent of any deficiency between the amount of the proceeds of the Collateral pledged by it hereunder and the aggregate amount of such Obligations. 

10. Purchasers of Collateral. Upon any sale of the Collateral by the Pledgee hereunder (whether by virtue of the power of sale herein
granted, pursuant to judicial process or otherwise), the receipt of the Pledgee or the officer making such sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold, and such purchaser or purchasers shall not be
obligated to see to the application of any part of the purchase money paid over to the Pledgee or such officer or be answerable in any way for the misapplication or nonapplication thereof. 

11. Indemnity. The terms of Section 13.01 of the Credit Agreement are incorporated herein by reference, mutatis mutandis,
and the parties hereto agree to such terms. 

  
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 12. Pledgee Not A Partner or Member. 

(a) Nothing herein shall be construed to make the Pledgee or any other Secured Creditor liable as a member of any limited liability company or
as a partner of any partnership and neither the Pledgee nor any other Secured Creditor by virtue of this Agreement or otherwise (except as referred to in the following sentence) shall have any of the duties, obligations or liabilities of a member of
any limited liability company or as a partner in any partnership. The parties hereto expressly agree that, unless the Pledgee shall become the absolute owner of Collateral consisting of a Limited Liability Company Interest or a Partnership Interest
pursuant hereto, this Agreement shall not be construed as creating a partnership or joint venture among the Pledgee, any other Secured Creditor, any Pledgor and/or any other Person. 

(b) Except as provided in the last sentence of paragraph (a) of this Section 12, the Pledgee, by accepting this Agreement, did not
intend to become a member of any limited liability company or a partner of any partnership or otherwise be deemed to be a co-venturer with respect to any Pledgor, any limited liability company, partnership
and/or any other Person either before or after an Event of Default shall have occurred. The Pledgee shall have only those powers set forth herein and the Secured Creditors shall assume none of the duties, obligations or liabilities of a member of
any limited liability company or as a partner of any partnership or any Pledgor except as provided in the last sentence of paragraph (a) of this Section 12. 

(c) The Pledgee and the other Secured Creditors shall not be obligated to perform or discharge any obligation of any Pledgor as a result of the
pledge hereby effected. 
 (d) The acceptance by the Pledgee of this Agreement, with all the rights, powers, privileges and authority so
created, shall not at any time or in any event obligate the Pledgee or any other Secured Creditor to appear in or defend any action or proceeding relating to the Collateral to which it is not a party, or to take any action hereunder or thereunder,
or to expend any money or incur any expenses or perform or discharge any obligation, duty or liability under the Collateral. 
 13.
Further Assurances; Power-of-Attorney. 
 (a) To the
extent otherwise required by this Agreement or the other Credit Documents, each Pledgor will, at its own expense and upon the reasonable request of the Pledgee, make, execute, endorse, acknowledge, file and/or deliver to the Pledgee from time to
time such lists, descriptions and designations of its Collateral, schedules, confirmatory assignments, conveyances, financing statements, transfer endorsements, certificates, reports and other assurances or instruments and take such further steps
relating to the Collateral and other property or rights covered by the security interest hereby granted, which the Pledgee deems reasonably appropriate or advisable to perfect, preserve or protect its security interest in the Collateral at least to
the extent described in Section 3. 
 (b) Each Pledgor agrees to deliver to the Pledgee such financing statements, in form reasonably
acceptable to the Pledgee, as the Pledgee may from time to time reasonably request to establish and maintain a valid, enforceable, perfected security interest in the Collateral as provided herein and for the purpose of obtaining and preserving the
full benefits of the other rights and security contemplated hereby at least to the extent described in Section 3. Each Pledgor will pay any applicable filing fees, recordation taxes and related expenses relating to its Collateral. Each Pledgor
hereby authorizes the Pledgee to file any such financing statements (and such authorization includes describing the Collateral as “all assets and all personal property whether now owned or hereafter acquired” of such Pledgor or words of
similar effect). 

  
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 (c) Subject to the terms of the ABL Intercreditor Agreement, each Pledgor hereby constitutes
and appoints the Pledgee its true and lawful attorney, irrevocably, with full power after the occurrence of and during the continuance of an Event of Default (in the name of such Pledgor or otherwise) to act, require, demand, receive, compound and
give acquittance for any and all moneys and claims for moneys due or to become due to such Pledgor under or arising out of the Collateral, to endorse any checks or other instruments or orders in connection therewith and to file any claims or take
any action or institute any proceedings which the Pledgee may deem to be reasonably necessary or advisable to protect the interests of the Secured Creditors, which appointment as attorney is coupled with an interest. 

14. The Pledgee as Collateral Agent. The Pledgee shall hold in accordance with this Agreement all items of Collateral at any time
received under this Agreement. Until the occurrence and continuation of an Event of Default, the Pledgee shall not directly pledge any Collateral in its possession or control to secure its own debt. It is expressly understood and agreed that the
obligations of the Pledgee as holder of the Collateral and interests therein and with respect to the disposition thereof, and otherwise under this Agreement, are only those expressly set forth in this Agreement and in Article 12 of the Credit
Agreement. The Pledgee shall act hereunder on the terms and conditions set forth herein and in Article 12 of the Credit Agreement. 
 15.
Transfer by the Pledgors. Except as permitted or not prohibited pursuant to the Credit Agreement, no Pledgor will sell or otherwise dispose of, grant any option with respect to, or mortgage, pledge or otherwise encumber any of the Collateral
or any interest therein. 
 16. Representations, Warranties and Covenants of the Pledgors. 

(a) Each Pledgor represents, warrants and, until the Termination Date, covenants as to itself and each of its Subsidiaries that: 

(i) it is the legal, beneficial and (except as to Securities credited on the books of a Clearing Corporation or a Securities Intermediary)
record owner of, and has good and valid title to, all of its Collateral consisting of one or more Securities, Partnership Interests and Limited Liability Company Interests and that it has sufficient interest in all of its Collateral in which a
security interest is purported to be created hereunder for such security interest to attach (subject, in each case, to no Lien or Adverse Claim except the Liens and security interests created by this Agreement and Permitted Liens); 

(ii) it has full power and authority to pledge all the Collateral pledged by it pursuant to this Agreement; 

(iii) this Agreement has been duly authorized, executed and delivered by such Pledgor and constitutes a legal, valid and
binding obligation of such Pledgor enforceable against such Pledgor in accordance with its terms, subject to (A) the effects of bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally
and by general equitable principles (regardless of whether enforcement is sought in equity or at law) and 
 (B) as it
relates to the pledge of any Equity Interests of any Foreign Corporations (including any Foreign Subsidiaries of the Lead Borrower), the effects of the possible judicial application of foreign laws or foreign governmental or judicial action
affecting creditors’ rights; 
 (iv) except as would not reasonably be expected to have a Material Adverse Effect , no
consent of any other party (including, without limitation, any stockholder, partner, member or creditor of such Pledgor or any of its Subsidiaries) and no material consent, license, permit, approval or authorization of, exemption by, notice or
report to, or registration, filing or 

  
 -15- 

 declaration with, any governmental authority is required to be obtained by such Pledgor
(except for (x) those that have otherwise been obtained or made on or prior to the Closing Date and which remain in full force and effect on the Closing Date and (y) filings which are necessary to perfect the security interests created
under the this Agreement) in connection with (a) the execution, delivery or performance of this Agreement by such Pledgor, (b) the validity or enforceability of this Agreement against such Pledgor, (c) the filing of any financing
statements, the perfection or enforceability of the Pledgee’s security interest in such Pledgor’s Collateral or (d) except for compliance with or as may be required by applicable securities laws, the exercise by the Pledgee of any of
its rights or remedies provided herein; 
 (v) neither the execution, delivery or performance by such Pledgor of this
Agreement, or any other Secured Debt Agreement to which it is a party, nor compliance by it with the terms and provisions hereof and thereof, (i) will contravene any provision of any applicable law, statute, rule or regulation, or any
applicable order, writ, injunction or decree of any court or governmental instrumentality, domestic or foreign, applicable to such Pledgor, (ii) will conflict with or result in any breach of any of the terms, covenants, conditions or provisions
of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien (except pursuant to the Security Documents and Permitted Liens) upon any of the properties or assets of any such Pledgor
or any of its Restricted Subsidiaries pursuant to the terms of, any indenture, mortgage, deed of trust, credit agreement or loan agreement, or any other material agreement, contract or instrument, in each case to which such Pledgor or any of its
Subsidiaries is a party or by which it or any of its properties or assets is bound or to which it may be subject (except, in the case of preceding clauses (i) and (ii), other than in the case of any contravention, breach, default and/or
conflict, that would not reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect); or (iii) will violate any provision of the certificate or articles of incorporation, certificate of formation, limited
liability company agreement or by-laws (or equivalent organizational documents), as applicable, of such Pledgor or any of its Restricted Subsidiaries. 

(vi) all of such Pledgor’s Collateral (consisting of Securities, Limited Liability Company Interests and Partnership
Interests issued by any Pledgor or any Restricted Subsidiary of any Pledgor) has been duly and validly issued, is fully paid and non-assessable (other than any assessment on the shareholders of the applicable
issuer that may be imposed as a matter of law) and is subject to no options to purchase or similar rights except as set forth on Schedule 9(a) or 9(b) of the Perfection Certificate; 

(vii) except as would not reasonably be expected to have a Material Adverse Effect, each of such Pledgor’s Pledged Notes
issued by any Pledgor or any Subsidiary of any Pledgor constitutes, or when executed by the obligor thereof will constitute, the legal, valid and binding obligation of such obligor, enforceable in accordance with its terms, except to the extent that
the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforcement is
sought in equity or at law); 
 (viii) the pledge, collateral assignment and delivery to the Pledgee of such Pledgor’s
Collateral consisting of Certificated Securities and Pledged Notes consisting of Instruments pursuant to this Agreement and the continued possession thereof by the Pledgee or an Affiliate creates a valid and perfected security interest in such
Certificated Securities and Pledged Notes, and the proceeds thereof, having the priority specified in the ABL Intercreditor Agreement, subject to no prior Lien or encumbrance or to any agreement purporting to grant to any third party 

  
 -16- 

 a Lien or encumbrance on the property or assets of such Pledgor which would include the
Securities (other than Permitted Liens) and the Pledgee is entitled to all the rights, priorities and benefits afforded by the UCC or other relevant law as enacted in any relevant jurisdiction to perfect security interests in respect of such
Collateral; and 
 (ix) to the extent required by Section 3.2, the Pledgor shall have taken all steps in its control so
that the Pledgee may obtain “control” (as defined in Section 8-106 of the UCC) over all of such Pledgor’s Collateral consisting of Securities (including, without limitation, Notes that are
Securities) with respect to which such “control” may be obtained pursuant to Section 8-106 of the UCC, except to the extent that the obligation of the applicable Pledgor to provide the Pledgee
with “control” of such Collateral has not yet arisen under this Agreement; provided that in the case of the Pledgee obtaining “control” over Collateral consisting of a Security Entitlement, such Pledgor shall have taken
all steps in its control so that the Pledgee obtains “control” over such Security Entitlement. 
 (b) Each Pledgor
covenants and agrees that it will defend the Pledgee’s right, title and security interest in and to such Pledgor’s Collateral (whether now owned or hereinafter acquired) and the proceeds thereof against the claims and demands of all
persons whomsoever (other than Permitted Liens). 
 17. [reserved]. 

18. Pledgors’ Obligations Absolute, Etc. To the maximum extent permitted by applicable law, the obligations of each Pledgor
hereunder shall remain in full force and effect without regard to, and shall not be impaired by, (a) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of such Pledgor; (b) any
exercise or non-exercise, or any waiver of, any right, remedy, power or privilege under or in respect of this Agreement or any other Secured Debt Agreement; or (c) any amendment to or modification of any
Secured Debt Agreement or any security for any of the Obligations; whether or not such Pledgor shall have notice or knowledge of any of the foregoing. 

19. Sale of Collateral Without Registration. If at any time when the Pledgee shall determine to exercise its right to sell all or any
part of the Collateral consisting of Securities or Equity Interests pursuant to Section 7 hereof, and such Collateral or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act, as
then in effect, the Pledgee may, in its sole and absolute discretion, sell such Collateral or part thereof by private sale in such manner and under such circumstances as the Pledgee may deem necessary or advisable in order that such sale may legally
be effected without such registration. Without limiting the generality of the foregoing, in any such event the Pledgee, in its sole and absolute discretion (i) may proceed to make such private sale notwithstanding that a registration statement
for the purpose of registering such Collateral or part thereof shall have been filed under such Securities Act, (ii) may approach and negotiate with a single possible purchaser to effect such sale, and (iii) may restrict such sale to a
purchaser who will represent and agree, among other things, that such purchaser is purchasing for its own account, for investment, and not with a view to the distribution or sale of such Collateral or part thereof. In the event of any such sale, the
Pledgee shall incur no responsibility or liability for selling all or any part of the Collateral at a price which the Pledgee, in its sole and absolute discretion, may in good faith deem reasonable under the circumstances, notwithstanding the
possibility that a substantially higher price might be realized if the sale were deferred until the registration as aforesaid. 

  
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 20. Termination; Release. 

(a) On the Termination Date (as defined below), this Agreement shall terminate, all without delivery of any instrument or performance of any
act by any party, and all rights to the Collateral shall revert to the Pledgors (provided that all indemnities set forth herein including, without limitation, in Section 11 hereof shall survive any such termination) and the Pledgee, at the
request and expense of such Pledgor, will promptly execute and deliver to such Pledgor a proper instrument or instruments acknowledging the satisfaction and termination of this Agreement (including, without limitation, UCC termination statements and
instruments of satisfaction, discharge and/or reconveyance), and will duly release from the security interest created hereby and assign, transfer and deliver to such Pledgor (without recourse and without any representation or warranty) such of the
Collateral as may be in the possession of the Pledgee or any of its sub-agents hereunder and as has not theretofore been sold or otherwise applied or released pursuant to this Agreement, together with any
moneys at the time held by the Pledgee or any of its sub-agents hereunder and, with respect to any Collateral consisting of an Uncertificated Security, a Partnership Interest or a Limited Liability Company
Interest (other than an Uncertificated Security, Partnership Interest or Limited Liability Company Interest credited on the books of a Clearing Corporation or Securities Intermediary), a termination of the agreement relating thereto executed and
delivered by the issuer of such Uncertificated Security pursuant to Section 3.2(a)(ii). As used in this Agreement, “Termination Date” shall mean the date upon which the Total Commitment under the Credit Agreement has been
terminated and all Credit Document Obligations have been paid in full, no Note (as such term is defined in the Credit Agreement) under the Credit Agreement is outstanding and all Term Loans thereunder have been repaid in full (other than
(x) contingent indemnification obligations and (y) obligations and liabilities under Designated Interest Rate Protection Agreements and Designated Treasury Services Agreements). 

(b) In the event that any part of the Collateral is sold or otherwise disposed of (to a Person other than a Credit Party) in connection with a
sale or disposition permitted by Section 10.02 of the Credit Agreement or is otherwise released at the direction of the Required Lenders (or all the Lenders if required by Section 13.12 of the Credit Agreement) and the proceeds of such
sale or disposition (or from such release) are applied in accordance with the terms of the Credit Agreement, to the extent required to be so applied, the security interest created hereby will be automatically released and the Pledgee will execute
and deliver such documentation, including termination or partial release statements and the like in connection therewith at the request and expense of such Pledgor and assign, transfer and deliver to such Pledgor (without recourse and without any
representation or warranty) such of the Collateral as is then being (or has been) so sold or otherwise disposed of, or released, and as may be in the possession of the Pledgee (or, in the case of Collateral held by any
sub-agent designated pursuant to Section 4 hereof, such sub-agent) and has not theretofore been released pursuant to this Agreement. Furthermore, upon the release
of any Subsidiary Guarantor from the Subsidiaries Guaranty in accordance with the provisions thereof, such Pledgor (and the Collateral at such time assigned by the respective Pledgor pursuant hereto) shall be released from this Agreement. 

(c) At any time that any Pledgor desires that the Pledgee take any action to acknowledge or give effect to any release of Collateral pursuant
to the foregoing Section 20(a) or (b), such Pledgor shall deliver to the Pledgee (and the relevant sub-agent, if any, designated pursuant to Section 4 hereof) a certificate signed by a Responsible
Officer of such Pledgor stating that the release of the respective Collateral is permitted pursuant to Section 20(a) or (b) hereof. 

(d) The Pledgee shall have no liability whatsoever to any other Secured Creditor as the result of any release of Collateral by it in accordance
with (or which the Collateral Agent in the absence of gross negligence and willful misconduct believes to be in accordance with) this Section 20. 

  
 -18- 

 21. Notices, Etc. 

(a) Except as otherwise specified herein, all notices, requests, demands or other communications to or upon the respective parties hereto shall
be sent or delivered in accordance with Section 13.03 of the Credit Agreement. All notices and other communications shall be in writing and addressed as follows: 
  

	 	(i)	 if to any Pledgor, at c/o: 

PAE Holding Corporation 
 c/o
Platinum Equity, LLC 
 360 North Crescent Drive 

Beverly Hills, California 90210 

Facsimile: (310) 712-1863 

Attention: Legal Department 
  

	 	(ii)	 if to the Pledgee, at: 

Bank of America, N.A. 
 TX1-492-14-11 
 901 Main
Street 
 Dallas, Texas 75202-3714 

Attention: Angie Hidalgo 
 Tel: 972-338-3768 
 Fax: 214.416.0555 

Email: angie.hidalgo@baml.com 

(iii) if to any Lender Creditor, either (x) to the Administrative Agent, at the address of the Administrative Agent
specified in the Credit Agreement, or (y) at such address as such Lender Creditor shall have specified in the Credit Agreement; and 

(iv) if to any Guaranteed Creditor, at such address as such Guaranteed Creditor shall have specified in writing to the Pledgors
and the Pledgee; 
 or at such other address or addressed to such other individual as shall have been furnished in writing by any Person described above to
the party required to give notice hereunder. 
 (b) [reserved] 

22. Waiver; Amendment. Except as provided in Sections 30 and 32 hereof, none of the terms and conditions of this Agreement may be
changed, waived, modified or varied in any manner whatsoever except in accordance with the requirements specified in the Security Agreement. 

23. Successors and Assigns. This Agreement shall create a continuing security interest in the Collateral and shall (i) remain in
full force and effect, subject to release and/or termination as set forth in Section 20, (ii) be binding upon each Pledgor, its successors and assigns; provided, however, that no Pledgor shall assign any of its rights or
obligations hereunder without the prior written consent of the Pledgee and (iii) inure, together with the rights and remedies of the Pledgee hereunder, to the benefit of the Pledgee, the other Secured Creditors and their respective successors,
transferees and permitted assigns. All agreements, statements, representations and warranties made by each Pledgor herein or in any certificate or other instrument delivered by such Pledgor or on its behalf under this Agreement shall be considered
to have been relied upon by the Secured Creditors and shall survive the execution and delivery of this Agreement and the other Secured Debt Agreements regardless of any investigation made by the Secured Creditors or on their behalf. 

  
 -19- 

 24. Headings Descriptive. The headings of the several Sections of this Agreement are
inserted for convenience only and shall not in any way affect the meaning or construction of any provision of this Agreement. 
 25.
GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL. 
 (a) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK. ANY LEGAL ACTION OR PROCEEDING WITH REPSECT TO THIS AGREEMENT (EXCEPT THAT, (X) IN THE CASE OF ANY COLLATERAL LOCATED IN ANY STATE
OTHER THAN NEW YORK, PROCEEDINGS MAY BE BROUGHT BY THE ADMINISTRATIVE AGENT OR PLEDGEE IN THE STATE IN WHICH THE RELEVANT COLLATERAL IS LOCATED OR ANY OTHER RELEVANT JURISDICTION AND (Y) IN THE CASE OF ANY BANKRUPTCY, INSOLVENCY OR SIMILAR
PROCEEDING, WITH RESPECT TO ANY PLEDGOR, ACTIONS OR PROCEEDINGS RELATED TO THIS AGREEMENT MAY BE BROUGHT IN SUCH COURT HOLDING SUCH BANKRUPTCY, INSOLVENCY OR SIMILAR PROCEEDINGS) MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED
STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, IN EACH CASE WHICH ARE LOCATED IN THE COUNTY OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS
PROPERTY, GENERALLY AND UNCONDITIONALLY, THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS. EACH PARTY HERETO HEREBY FURTHER IRREVOCABLY WAIVES ANY CLAIM THAT ANY SUCH COURTS LACK PERSONAL JURISDICTION OVER IT, AND AGREES NOT TO PLEAD OR CLAIM IN
ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT BROUGHT IN ANY OF THE AFOREMENTIONED COURTS THAT ANY SUCH COURT LACKS PERSONAL JURISDICTION OVER IT. EACH PARTY HERETO FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF
THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO SUCH PARTY, AS THE CASE MAY BE, AT ITS ADDRESS FOR NOTICES AS PROVIDED IN SECTION 21 ABOVE, SUCH SERVICE
TO BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ANY OBJECTION TO SUCH SERVICE OF PROCESS AND FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY ACTION OR PROCEEDING COMMENCED HEREUNDER THAT
SUCH SERVICE OF PROCESS WAS IN ANY WAY INVALID OR INEFFECTIVE. NOTHING HEREIN SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANY OTHER
SUCH PARTY IN ANY OTHER JURISDICTION. 
 (b) EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO
THE LAYING OF VENUE OF ANY OF THE AFORESAID ACTIONS OR PROCEEDINGS ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT BROUGHT IN THE COURTS REFERRED TO IN CLAUSE (a) ABOVE AND HEREBY FURTHER IRREVOCABLY WAIVES AND
AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 

  
 -20- 

 (c) EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY
JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER CREDIT DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

26. Pledgor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Pledgor shall
remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Pledgee shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this Agreement, except
for the safekeeping of Collateral actually in Pledgor’s possession, nor shall the Pledgee be required or obligated in any manner to perform or fulfill any of the obligations of any Pledgor under or with respect to any Collateral. 

27. Counterparts. This Agreement may be executed in any number of counterparts and by the different parties hereto on separate
counterparts, each of which when so executed and delivered shall constitute an original, but all of which, when taken together, shall constitute one and the same instrument. A set of counterparts executed by all the parties hereto shall be lodged
with each Pledgor and the Pledgee. Delivery of an executed signature page to this Agreement by facsimile, PDF or other electronic transmission shall be as effective as delivery of an original executed counterpart of this Agreement. 

28. Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 29. [Reserved]. 

30. Additional Pledgors. It is understood and agreed that any Subsidiary Guarantor that is required to become a party to this Agreement
after the date hereof pursuant to the requirements of the Credit Agreement or any other Credit Document, shall become a Pledgor hereunder by executing and delivering to the Pledgee a joinder agreement substantially in the form of Exhibit A
attached hereto and taking all actions as specified in this Agreement as would have been taken by such Pledgor had it been an original party to this Agreement, in each case with all documents required above to be delivered to the Pledgee and with
all documents and actions required above to be taken to the reasonable satisfaction of the Pledgee. 
 31. Limited Obligations. It is
the desire and intent of each Pledgor and the Secured Creditors that this Agreement shall be enforced against each Pledgor to the fullest extent permissible under the laws applied in each jurisdiction in which enforcement is sought. Notwithstanding
anything to the contrary contained herein, in furtherance of the foregoing, it is noted that the obligations of each Pledgor constituting a Subsidiary Guarantor have been limited as provided in the Subsidiaries Guaranty. 

32. Release of Pledgors. If at any time all of the Equity Interests of any Pledgor owned by the Lead Borrower or any of its
Subsidiaries are sold (to a Person other than a Credit Party) in a transaction permitted pursuant to the Credit Agreement, then, such Pledgor shall be released as a Pledgor pursuant to this Agreement without any further action hereunder (it being
understood that the sale of all of the Equity Interests in any Person that owns, directly or indirectly, all of the Equity Interests in any 

  
 -21- 

 Pledgor shall be deemed to be a sale of all of the Equity Interests in such Pledgor for purposes of this
Section), and the Pledgee is authorized and directed to execute and deliver such instruments of release as are reasonably satisfactory to it. At any time that the Lead Borrower desires that the Pledgee take any action in accordance with this
Section 32, the Lead Borrower shall deliver to the Pledgee a certificate signed by a Responsible Officer of the Lead Borrower stating that the release of such Pledgor is permitted pursuant to this Section 32. 

33. ABL Intercreditor Agreement. This Agreement and the other Credit Documents are subject to the terms and conditions set forth in the
ABL Intercreditor Agreement in all respects and, in the event of any conflict between the terms of the ABL Intercreditor Agreement and this Agreement, the terms of ABL Intercreditor Agreement shall govern. Notwithstanding anything herein to the
contrary, the Lien and security interest granted to the Pledgee pursuant to any Credit Document and the exercise of any right or remedy in respect of the Collateral by the Pledgee (or any Secured Creditor) hereunder or under any other Credit
Document are subject to the provisions of the ABL Intercreditor Agreement and in the event of any conflict between the terms of the ABL Intercreditor Agreement, this Agreement and any other Credit Document, the terms of the ABL Intercreditor
Agreement shall govern and control with respect to the exercise of any such right or remedy. Without limiting the generality of the foregoing, and notwithstanding anything herein to the contrary, no Credit Party shall be required hereunder or under
any Credit Document to take any action with respect to the Collateral that is inconsistent with such Credit Parties’ obligations under the ABL Intercreditor Agreement. Prior to the Discharge of Revolving Credit Obligations (as defined in the
ABL Intercreditor Agreement), the delivery or granting of “control” (as defined in the UCC), to the extent only one Person can be granted “control” therein under applicable law, of any ABL Collateral (as defined in the ABL
Intercreditor Agreement) to the collateral agent under the ABL Credit Agreement pursuant to the terms of the Revolving Credit Collateral Documents (as defined in the ABL Intercreditor Agreement) shall satisfy any such delivery or granting of
“control” requirement hereunder or under any other Credit Document with respect to any ABL Collateral to the extent that such delivery or granting of “control” is consistent with the terms of the ABL Intercreditor Agreement. 

* * * * 

  
 -22- 

 IN WITNESS WHEREOF, each Pledgor and the Pledgee have caused this Agreement to be executed
by their duly elected officers duly authorized as of the date first above written. 
  

			
	SHAY INTERMEDIATE HOLDING II
	CORPORATION, as a Pledgor
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name: Mary Ann Sigler
		 	Title:   President and Treasurer
	
	PAE HOLDING CORPORATION, as a Pledgor
		
	By:	 	 /s/ Paul W. Cobb, Jr.

		 	Name: Paul W. Cobb, Jr.
		 	Title:   Vice President
	
	PACIFIC ARCHITECTS AND ENGINEERS
	 INCORPORATED,
 as a
Pledgor

		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title:   Vice President
	
	 PAE GOVERNMENT SERVICES, INC.,
 as a
Pledgor

		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title:   Treasurer
	
	 PACIFIC OPERATIONS MAINTENANCE COMPANY,

as a Pledgor

		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title:   Treasurer

 [PAE – Signature Page to First Lien Pledge Agreement] 

			
	 PAE DESIGN AND FACILITY MANAGEMENT,

as a Pledgor

		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title:   Treasurer
	
	 PAE PROFESSIONAL SERVICES, INC.,
 as
a Pledgor

		
	By:	 	 /s/ Stephanie Finn

		 	Name: Stephanie Finn
		 	Title:   Assistant Secretary
	
	 PAE LABAT-ANDERSON INCORPORATED,
 as
a Pledgor

		
	By:	 	 /s/ Stephanie Finn

		 	Name: Stephanie Finn
		 	Title:   Assistant Secretary
	
	 A-T SOLUTIONS, INC.,

as a Pledgor

		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title:   Treasurer
	
	 PAE JUSTICE SUPPORT,
 as a
Pledgor

		
	By:	 	 /s/ Stephanie Finn

		 	Name: Stephanie Finn
		 	Title:   Assistant Secretary

 [PAE – Signature Page to First Lien Pledge Agreement] 

			
	 PAE AVIATION AND TECHNICAL SERVICES LLC,

as a Pledgor

		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title:   Treasurer
	
	 PAE APPLIED TECHNOLOGIES LLC,
 as a
Pledgor

		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title:   Treasurer
	
	 PAE HANFORD LLC,
 as a
Pledgor

		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title:   Treasurer
	
	DYNCORP, as a Pledgor
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title:   Treasurer
	
	 PAE SHIELD ACQUISITION COMPANY, INC.,

as a Pledgor

		
	By:	 	 /s/ Stephanie Finn

		 	Name: Stephanie Finn
		 	Title:   Assistant Secretary

 [PAE – Signature Page to First Lien Pledge Agreement] 

			
	A-T SOLUTIONS CORPORATE HOLDINGS PRIME, INC., as a Pledgor
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title:   Treasurer
	
	A-T SOLUTIONS CORPORATE HOLDINGS, INC., as a Pledgor
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title:   Treasurer
	
	A-T SOLUTIONS HOLDINGS, INC., as a Pledgor
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title:   Treasurer
	
	PAE INTERNATIONAL, as a Pledgor
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title:   Treasurer
	
	AFGHAN HOLDCO LLC, as a Pledgor
		
	By:	 	 /s/ Stephanie Finn

		 	Name: Stephanie Finn
		 	Title:   Assistant Secretary

 [PAE – Signature Page to First Lien Pledge Agreement] 

			
	DEFENSE SUPPORT SERVICES INTERNATIONAL 3 LLC, as a Pledgor
		
	By:	 	 /s/ Stephanie Finn

		 	Name: Stephanie Finn
		 	Title:   Assistant Secretary
	
	PAE TRAINING SERVICES, LLC, as a Pledgor
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title:   Treasurer
	
	PAE HUMANITARIAN RESPONSE LLC, as a Pledgor
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title:   Treasurer
	
	DEFENSE SUPPORT SERVICES INTERNATIONAL, LLC, as a Pledgor
		
	By:	 	 /s/ Stephanie Finn

		 	Name: Stephanie Finn
		 	Title:   Assistant Secretary
	
	DEFENSE SUPPORT SERVICES INTERNATIONAL 2 LLC, as a Pledgor
		
	By:	 	 /s/ Stephanie Finn

		 	Name: Stephanie Finn
		 	Title:   Assistant Secretary

 [PAE – Signature Page to First Lien Pledge Agreement] 

 
			
	PAE LOGISTICS LLC, as a Pledgor
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer
	
	ACCELLIGENCE LLC, as a Pledgor
	By:	 	A-T SOLUTIONS, INC., its sole member
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer

 [PAE – Signature Page to First Lien Pledge Agreement] 

			
	 Accepted and Agreed to:
 BANK OF
AMERICA, N.A.,
     as Collateral Agent and Pledgee

		
	By:	 	/s/ Erik M. Truette
		 	Name: Erik M. Truette
		 	Title: Vice President

 [PAE – Signature Page to First Lien Pledge Agreement] 

 ANNEX A 

TO 
 FIRST LIEN PLEDGE AGREEMENT 

 
 Form of Agreement Regarding Uncertificated Securities, Limited
Liability 
 Company Interests and Partnership Interests 

AGREEMENT (as amended, modified, restated and/or supplemented from time to time, this “Agreement”), dated as of [_______ __,
20_], among the undersigned pledgor (the “Pledgor”), [____________], not in its individual capacity but solely as Collateral Agent (the “Pledgee”), and [__________], as the issuer of the Uncertificated Securities,
Limited Liability Company Interests and/or Partnership Interests (each as defined below) (the “Issuer”). Except as otherwise defined herein, all capitalized terms used herein and defined in the Pledge Agreement (as defined below)
shall be used herein as therein defined. 
 W I T N E S S E T H : 

: 
 WHEREAS, the Pledgor, certain
of its affiliates and the Pledgee have entered into a First Lien Pledge Agreement, dated as of October 20, 2016 (as amended, modified, restated and/or supplemented from time to time, the “Pledge Agreement”), under which, among
other things, in order to secure the payment of the Obligations (as defined in the Pledge Agreement), the Pledgor has or will pledge to the Pledgee for the benefit of the Secured Creditors (as defined in the Pledge Agreement), and grant a security
interest in favor of the Pledgee for the benefit of the Secured Creditors in, all of the right, title and interest of the Pledgor in and to certain [“uncertificated securities” (as defined in
Section 8-102(a)(18) of the Uniform Commercial Code, as adopted in the State of New York) (“Uncertificated Securities”)] [Partnership Interests (as defined in the Pledge Agreement)]
[Limited Liability Company Interests (as defined in the Pledge Agreement)], from time to time issued by the Issuer, whether now existing or hereafter from time to time acquired by the Pledgor (with all of such [Uncertificated Securities]
[Partnership Interests] [Limited Liability Company Interests] being herein collectively called the “Issuer Pledged Interests”); and 

WHEREAS, the Pledgor desires the Issuer to enter into this Agreement in order to perfect the security interest of the Pledgee under the Pledge
Agreement in the Issuer Pledged Interests, to vest in the Pledgee control of the Issuer Pledged Interests and to provide for the rights of the parties under this Agreement; 

NOW, THEREFORE, in consideration of the premises and the mutual promises and agreements contained herein, and for other valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1. The Pledgor
hereby irrevocably authorizes and directs the Issuer, and the Issuer hereby agrees, to comply with any and all instructions and orders originated by the Pledgee (and its successors and assigns) regarding any and all of the Issuer Pledged Interests
without the further consent by the registered owner (including the Pledgor), and, following its receipt of a notice from the Pledgee stating that the Pledgee is exercising exclusive control of the Issuer Pledged Interests, not to comply with any
instructions or orders regarding any or all of the Issuer Pledged Interests originated by any person or entity other than the Pledgee (and its successors and assigns) or a court of competent jurisdiction. 

  
 A-1 

 ANNEX A 

TO 
 FIRST LIEN PLEDGE AGREEMENT 

 
 2. All notices, statements of accounts, reports, prospectuses, financial
statements and other communications to be sent to the Pledgor by the Issuer in respect of the Issuer will also be sent to the Pledgee at the following address: 

Bank of America, N.A. 

[    ] 

Attention: [    ] 

Telephone No.: (212) [    ] 

Telecopier No.: (212) [    ] 

3. Following its receipt of a notice from the Pledgee stating that the Pledgee is exercising exclusive control of the Issuer Pledged Interests
and until the Pledgee shall have delivered written notice to the Issuer that the Termination Date has occurred and this Agreement is terminated, the Issuer will send any and all redemptions, distributions, interest or other payments in respect of
the Issuer Pledged Interests from the Issuer for the account of the Pledgee only by wire transfers to such account as the Pledgee shall instruct. 

4. Except as expressly provided otherwise in Sections 4 and 5, all notices, instructions, orders and communications hereunder shall be sent or
delivered by mail, telegraph, telex, telecopy, cable or overnight courier service and all such notices and communications shall, when mailed, telexed, telecopied, cabled or sent by overnight courier, be effective when deposited in the mails or
delivered to overnight courier, prepaid and properly addressed for delivery on such or the next Business Day, or sent by telex or telecopier, except that notices and communications to the Pledgee or the Issuer shall not be effective until received.
All notices and other communications shall be in writing and addressed as follows: 
  

	 	(a)	 if to the Pledgor, at: 

[    ] Attention: [    ] 

Telephone No.: (212) [    ] 

Telecopier No.: (212) [    ] 
  

	 	(b)	 if to the Pledgee, at the address given in Section 4 hereof; 

 

	 	(c)	 if to the Issuer, at: 

 

                       
                  

                       
                  

                       
                  
 or at such other address as shall have been
furnished in writing by any person described above to the party required to give notice hereunder. As used in this Section 6, “Business Day” means any day other than a Saturday, Sunday, or other day in which banks in New York
are authorized to remain closed. 

  
 A-2 

 ANNEX A 

TO 
 FIRST LIEN PLEDGE AGREEMENT 

 
 5. This Agreement shall be binding upon the successors and assigns of
the Pledgor and the Issuer and shall inure to the benefit of and be enforceable by the Pledgee and its successors and permitted assigns. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of
which shall constitute one instrument. In the event that any provision of this Agreement shall prove to be invalid or unenforceable, such provision shall be deemed to be severable from the other provisions of this Agreement which shall remain
binding on all parties hereto. None of the terms and conditions of this Agreement may be changed, waived, modified or varied in any manner whatsoever except in writing signed by the Pledgee, the Issuer and the Pledgor. 

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

7. The rights and powers granted herein to the Pledgee have been granted in order to perfect its security interest in the Issuer Pledged
Interests. This Agreement shall continue in effect until the security interest of the Pledgee in the Issuer Pledged Interests has been terminated and the Pledgee has notified the Issuer of such termination in writing. Upon receipt of such notice the
obligations of Issuer pursuant to this Agreement with respect to the Issuer Pledged Interests after the receipt of such notice shall terminate, the Pledgee shall have no further right to originate instructions concerning the Issuer Pledged Interests
and the Issuer may thereafter take such steps as the Pledgor may request to vest full ownership and control of the Issuer Pledged Interests in the Pledgor. The Pledgor may only terminate this Agreement with the written consent of the Pledgee;
provided that, by giving such notice with the Pledgee’s written consent, both the Pledgor and the Pledgee acknowledge that they will thereby be confirming that, as of the termination date set forth in such Notice, the Pledgee will no longer
have a perfected security interest in the Issuer Pledged Interests via control pursuant to this Agreement. Subject to the foregoing, this Agreement automatically terminates when the Pledgee notifies the Issuer that all obligations owed to the
Pledgee have been paid in full and the Pledgee has terminated its security interest in the Issuer Pledged Interests. 
 8. This Agreement is
subject to the terms and conditions set forth in the ABL Intercreditor Agreement (as defined in the Credit Agreement) in all respects and, in the event of any conflict between the terms of the ABL Intercreditor Agreement and this Agreement, the
terms of ABL Intercreditor Agreement shall govern. 

  
 A-3 

 ANNEX A 

TO 
 FIRST LIEN PLEDGE AGREEMENT 

 
 IN WITNESS WHEREOF, the Pledgor, the Pledgee and the Issuer have caused
this Agreement to be executed by their duly elected officers duly authorized as of the date first above written. 
  

			
	[________], as Pledgor
		
	By:	 	
                 

		 	Name:
		 	Title:
	
	BANK OF AMERICA, N.A., not in its individual capacity but solely as Collateral Agent and Pledgee
		
	By:	 	
                 

		 	Name:
		 	Title:
	
	[________], as the Issuer
		
	By:	 	
                 

		 	Name:
		 	Title:

  
 A-4 

 EXHIBIT A 

TO 
 FIRST LIEN PLEDGE AGREEMENT 

[FORM OF] 
 JOINDER
AGREEMENT 
 Reference is made to the First Lien Pledge Agreement, dated as of October 20, 2016 (as amended, amended and
restated, modified, supplemented, extended or renewed from time to time, the “Pledge Agreement”), among Shay Intermediate Holding II Corporation, a Delaware corporation (“Holdings”), PAE Holding Corporation, a
Delaware corporation (the “Lead Borrower”), certain subsidiaries of the Lead Borrower (together with the Lead Borrower, the “Borrowers”), the other pledgors party thereto from time to time (together with Holdings
and the Borrowers, the “Pledgors”) and Bank of America, N.A., as collateral agent (together with any successor collateral agent, the “Pledgee”). Capitalized terms used herein and not otherwise defined herein shall
have the meanings assigned to such terms in the Pledge Agreement. 
 W I T N E S S E T H: 

WHEREAS, the Pledgors have entered into the Pledge Agreement in order to induce the Lenders to make the Term Loans to the Borrowers and the
Guaranteed Creditors to enter into Designated Interest Rate Protection Agreements and Designated Treasury Services Agreement with the Lead Borrower and/or one or more of its Restricted Subsidiaries; 

WHEREAS, the undersigned Subsidiary (the “New Pledgor”) is required pursuant to the terms of the Credit Agreement and the
Pledge Agreement, or the Lead Borrower has otherwise elected in accordance with the terms of the Credit Agreement and the Pledge Agreement to cause such New Pledgor, to become a Pledgor by executing this joinder agreement (this “Joinder
Agreement”) to the Pledge Agreement; 
 NOW, THEREFORE, the New Pledgor and the Pledgee for the benefit of the Secured Creditors
hereby agree as follows: 
 1. Pledge of Securities. In accordance with Section 30 of the Pledge Agreement, the New Pledgor by
its signature below becomes a Pledgor under the Pledge Agreement with the same force and effect as if originally named therein as a Pledgor. As security for the prompt and complete payment or performance, as the case may be, when due of all of the
Obligations, the New Pledgor does hereby pledge and grant to the Collateral Agent, for the benefit of the Secured Creditors, a continuing security interest in all of the right, title and interest of such Pledgor in, to and under all of its
Collateral, in each case whether now existing or hereafter from time to time acquired (but excluding any Excluded Collateral). 
 2.
Representations and Warranties. The New Pledgor hereby agrees to all the terms and provisions of the Pledge Agreement applicable to it as a Pledgor thereunder. Each reference to a Pledgor in the Pledge Agreement shall, from and after the date
hereof, be deemed to include the New Pledgor. 
 3. Certain Representations and Warranties Regarding the Collateral. The New Pledgor
represents and warrants that on the date hereof: (i) each Subsidiary of such New Pledgor, and the direct ownership thereof, is listed in Schedule 9(a) of the Perfection Certificate delivered in connection with this Joinder Agreement (the
“Perfection Certificate”); (ii) the Equity Interests (and any warrants or options to 

  
 H-1 

 purchase Equity Interests), in each case of any such Equity Interests in a Person that is not a Subsidiary
of the Lead Borrower to the extent valued in excess of $1,000,000, held by such New Pledgor consists of the number and type of shares of the Equity Interests (or warrants or options to purchase any Equity Interests) of the corporations as described
in Schedule 9(b) of the Perfection Certificate; (iii) such Equity Interests referenced in clause (ii) of this paragraph constitutes that percentage of the issued and outstanding Equity Interests of the issuing corporation (or other
applicable issuer) as is set forth in Schedule 9(b) of the Perfection Certificate; (iv) the Notes held by such New Pledgor consist of the intercompany notes and the promissory notes described in Schedule 10 of the Perfection Certificate where
such Pledgor is listed as the lender, in each case to the extent any such Note exceeds $1,000,000; (v) the Limited Liability Company Interests held by such New Pledgor and required to be pledged hereunder consist of the number and type of interests
of the Persons described in Schedule 9(a) and Schedule 9(b) of the Perfection Certificate; (vi) each such Limited Liability Company Interest referenced in clause (v) of this paragraph constitutes that percentage of the issued and
outstanding equity interest of the issuing Person as set forth in Schedule 9(a) and Schedule 9(b) of the Perfection Certificate; (vii) the Partnership Interests held by such New Pledgor and required to be pledged hereunder consist of the number
and type of interests of the Persons described in Schedule 9(a) and Schedule 9(b) of the Perfection Certificate; (viii) each such Partnership Interest referenced in clause (viii) of this paragraph constitutes that percentage or portion of
the entire partnership interest of the Partnership as set forth in Schedule 9(a) and Schedule 9(b) of the Perfection Certificate; (ix) the New Pledgor has complied with the respective procedure set forth in Section 3.2(a) of the Pledge
Agreement (to the extent applicable and required thereby) with respect to each item of Collateral described in Schedules 9(a), 9(b) and 10 of the Perfection Certificate; and (x) on the date hereof, such Pledgor owns no other Securities, Equity
Interests, Notes, Limited Liability Company Interests or Partnership Interests which are required to be listed on such Schedules and pledged under Section 3.1 of the Pledge Agreement. 

4. Severability. Any provision of this Joinder Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 5. Counterparts. This Joinder Agreement may be executed in counterparts, each of which
shall constitute an original. Delivery of an executed signature page to this Joinder Agreement by facsimile, PDF or other electronic transmission shall be as effective as delivery of a manually executed counterpart of this Joinder Agreement.

 6. No Waiver. Except as expressly supplemented hereby, the Pledge Agreement shall remain in full force and effect. 

7. Notices. All notices, requests and demands to or upon the New Pledgor, any Pledgor or the Pledgee shall be governed by the
terms of Section 21 of the Pledge Agreement. 
 8. Governing Law. THIS JOINDER AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 
 [Signature Pages Follow]

 IN WITNESS WHEREOF, the undersigned has caused this Joinder Agreement to be duly executed
and delivered by its duly authorized officer as of the day and year first above written. 
  

			
	[                    ],
	
	as a Pledgor
		
	By:	 	  

		 	Title:

  

			
	Accepted and Agreed:
	
	BANK OF AMERICA, N.A., not in its individual capacity but solely as Collateral Agent and Pledgee
		
	By:	 	  

		 	Name:
		 	Title:

 ANNEX A 

TO 
 JOINDER AGREEMENT 

SCHEDULE OF SUBSIDIARIES 
  

							
	 Entity
	 	 Ownership
	 	 Jurisdiction of

Organization
	 	 Direct Owner

 ANNEX B 

TO 
 JOINDER AGREEMENT 

SCHEDULE OF EQUITY INTERESTS 
  

	1.	 [PLEDGOR] 

  

									
	 Name of
 Issuing

Corporation
	 	 Type of

Shares
	 	 Number of

Shares
	 	 Certificate

No.
	 	 Percentage

Owned

  

	2.	 [PLEDGOR] 

  

									
	 Name of
 Issuing

Corporation
	 	 Type of

Shares
	 	 Number of

Shares
	 	 Certificate No.
	 	 Percentage Owned

 

	3.	 [PLEDGOR] 

  

									
	 Name of
 Issuing

Corporation
	 	 Type of

Shares
	 	 Number of

Shares
	 	 Certificate No.
	 	 Percentage Owned

 

	4.	 [PLEDGOR] 

  

									
	 Name of

Issuing Corporation
	 	 Type of

Shares
	 	 Number of

Shares
	 	 Certificate No.
	 	 Percentage Owned

 ANNEX C 

TO 
 JOINDER AGREEMENT 

SCHEDULE OF NOTES 
  

	1.	 [PLEDGOR] 

  

					
	 Amount
	 	 Maturity
	 	 Date Obligor

 

	2.	 [PLEDGOR] 

  

					
	 Amount
	 	 Maturity
	 	 Date Obligor

 ANNEX D 

TO 
 JOINDER AGREEMENT 

SCHEDULE OF LIMITED LIABILITY COMPANY INTERESTS 
  

	1.	 [PLEDGOR] 

  

					
	 Name of
 Issuing Limited

Liability Company
	 	 Type of

Interest
	 	 Percentage Owned

 

	2.	 [PLEDGOR] 

  

					
	 Name of
 Issuing Limited

Liability Company
	 	 Type of

Interest
	 	 Percentage Owned

 ANNEX F 

TO 
 JOINDER AGREEMENT 

SCHEDULE OF PARTNERSHIP INTERESTS 
  

	1.	 [PLEDGOR] 

  

					
	 Name of

Issuing Partnership
	 	 Type of

Interest
	 	 Percentage Owned

 

	2.	 [PLEDGOR] 

  

					
	 Name of

Issuing Partnership
	 	 Type of

Interest
	 	 Percentage Owned

  
 D-1EX-10.10

 Exhibit 10.10 

EXECUTION VERSION 

FIRST LIEN/SECOND LIEN INTERCREDITOR AGREEMENT 

among 
 PAE HOLDING CORPORATION,

 SHAY INTERMEDIATE HOLDING II CORPORATION, 

as Holdings, 
 BANK OF AMERICA,
N.A., 
 as Senior Priority Representative for the First Lien Credit Agreement Secured Parties, 

BANK OF AMERICA, N.A., 
 as Second
Priority Representative for the Initial Second Priority Debt Secured Parties, 
 and 

each additional Representative from time to time party hereto 

dated as of October 20, 2016 

 FIRST LIEN/SECOND LIEN INTERCREDITOR AGREEMENT dated as of October 20, 2016 (this
“Agreement”), among SHAY INTERMEDIATE HOLDING II CORPORATION, a Delaware corporation (“Holdings”), PAE HOLDING CORPORATION, a Delaware corporation (the “Lead Borrower”), the other Grantors from time
to time party hereto, BANK OF AMERICA, N.A., as Representative for the First Lien Credit Agreement Secured Parties (in such capacity and together with its successors in such capacity, the “First Lien Collateral Agent”), BANK OF
AMERICA. N.A., acting in its capacity as administrative agent and collateral agent under the Initial Second Lien Debt Agreement, as Representative for the Initial Second Priority Debt Secured Parties (in such capacity and together with its
successors in such capacity, the “Initial Second Lien Representative”), and each additional Senior Priority Representative and Second Priority Representative that from time to time becomes a party hereto pursuant to
Section 8.09. 
 In consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the First Lien Collateral Agent (for itself and on behalf of the First Lien Credit Agreement Secured Parties), the Initial Second Lien Representative (for itself and on behalf of the Initial Second
Priority Debt Secured Parties) and each additional Senior Priority Representative (for itself and on behalf of the Additional Senior Secured Parties under the applicable Additional Senior Priority Debt Facility) and each additional Second Priority
Representative (for itself and on behalf of the Additional Second Priority Secured Parties under the applicable Additional Second Priority Debt Facility) agree as follows: 

ARTICLE 1 

DEFINITIONS 

SECTION 1.01. Certain Defined Terms. Capitalized terms used but not otherwise defined herein have the meanings set forth in the First
Lien Credit Agreement or, if defined in the UCC, the meanings specified therein. As used in this Agreement, the following terms have the meanings specified below: 

“ABL Collateral” has the meaning assigned to such term in the ABL Intercreditor Agreement. 

“ABL Intercreditor Agreement” means that certain Intercreditor Agreement, dated as of October 20, 2016, entered into by
and among Holdings; the Lead Borrower; the certain Subsidiaries of the Lead Borrower that become a party thereto from time to time as a Borrower or Guarantor; Bank of America, N.A., as collateral agent for the holders of the Revolving Credit
Obligations (as such term is defined in the ABL Intercreditor Agreement); Bank of America, N.A., as collateral agent for the holders of the Initial Fixed Asset Obligations (as such term is defined in the ABL Intercreditor Agreement); and Bank of
America, N.A., as collateral agent for the holders of the Second Lien Initial Fixed Asset Obligations (as such term is defined in the ABL Intercreditor Agreement). 

  
 -1- 

 “Additional Second Priority Debt” means any Indebtedness that is incurred,
issued or guaranteed by the Borrowers and/or any other Guarantor (other than Indebtedness constituting Initial Second Lien Debt Obligations) which Indebtedness and Guarantees are secured by Liens on the Second Priority Collateral (or a portion
thereof) having the same priority (but without regard to control of remedies, other than as provided by the terms of the applicable Second Priority Debt Documents) as the Liens securing the Initial Second Lien Debt Obligations; provided,
however, that (i) such Indebtedness is permitted to be incurred, secured and guaranteed on such basis by each Senior Priority Debt Document and Second Priority Debt Document in effect at the time of such incurrence and (ii) the
Representative for the holders of such Indebtedness shall have become party to (A) this Agreement pursuant to, and by satisfying the conditions set forth in, Section 8.09 hereof and (B) the Second Lien Intercreditor Agreement pursuant
to, and by satisfying the conditions set forth therein; provided, further, that, if such Indebtedness will be the initial Additional Second Priority Debt incurred or issued by a Borrower after the Closing Date, then such Borrower, the
Initial Second Lien Representative and the Representative for the holders of such Indebtedness shall have executed and delivered the Second Lien Intercreditor Agreement. Additional Second Priority Debt shall include any Registered Equivalent Notes
and Guarantees thereof by the Guarantors issued in exchange therefor. 
 “Additional Second Priority Debt Documents” means,
with respect to any series, issue or class of Additional Second Priority Debt, the promissory notes, credit agreements, loan agreements, note purchase agreements, indentures or other operative agreements evidencing or governing such Indebtedness or
the Liens securing such Indebtedness, including the Second Priority Collateral Documents. 
 “Additional Second Priority Debt
Facility” means each credit agreement, loan agreement, note purchase agreement, indenture or other governing agreement with respect to any Additional Second Priority Debt. 

“Additional Second Priority Debt Obligations” means, with respect to any series, issue or class of Additional Second Priority
Debt, (a) all principal of, and premium and interest, fees, and expenses (including, without limitation, any interest, fees, or expenses which accrue after the commencement of any Insolvency or Liquidation Proceeding or which would accrue but
for the operation of Bankruptcy Laws, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional Second Priority Debt, (b) all other amounts payable to the related Additional Second Priority
Secured Parties under the related Additional Second Priority Debt Documents and (c) any renewals or extensions of the foregoing. 

“Additional Second Priority Secured Parties” means, with respect to any series, issue or class of Additional Second Priority
Debt, the holders of such Indebtedness or any other Additional Second Priority Debt Obligation, the Representative with respect thereto, any trustee or agent therefor under any related Additional Second Priority Debt Documents and the beneficiaries
of each indemnification obligation undertaken by any Borrower or any Guarantor under any related Additional Second Priority Debt Documents. 

“Additional Senior Priority Debt” means any Indebtedness that is incurred, issued or guaranteed by any Borrower and/or any
other Guarantor (other than Indebtedness constituting First Lien Credit Agreement Obligations) which Indebtedness and Guarantees are secured by Liens on the Senior Priority Collateral (or a portion thereof) having the same priority (but without
regard to control of remedies) as the Liens securing the First Lien Credit Agreement Obligations; provided, however, that (i) such Indebtedness is permitted to be incurred, secured and 

  
 -2- 

 
guaranteed on such basis by each Senior Priority Debt Document and Second Priority Debt Document in effect at the time of such incurrence and (ii) the Representative for the holders of such
Indebtedness shall have become party to (A) this Agreement pursuant to, and by satisfying the conditions set forth in, Section 8.09 hereof and (B) the Equal Priority Intercreditor Agreement pursuant to, and by satisfying the
conditions set forth therein and the ABL Intercreditor Agreement pursuant to, and by satisfying the conditions set forth therein; provided, further, that, if such Indebtedness will be the initial Additional Senior Priority Debt
incurred or issued by any Borrower after the Closing Date, then such Borrower, the First Lien Collateral Agent and the Representative for such Indebtedness shall have executed and delivered the Equal Priority Intercreditor Agreement. Additional
Senior Priority Debt shall include any Registered Equivalent Notes and Guarantees thereof by the Guarantors issued in exchange therefor. 

“Additional Senior Priority Debt Documents” means, with respect to any series, issue or class of Additional Senior Priority
Debt, the promissory notes, credit agreements, loan agreements, note purchase agreements, indentures, or other operative agreements evidencing or governing such Indebtedness or the Liens securing such Indebtedness, including the Senior Priority
Collateral Documents. 
 “Additional Senior Priority Debt Facility” means each credit agreement, loan agreement, note
purchase agreement, indenture or other governing agreement with respect to any Additional Senior Priority Debt. 
 “Additional
Senior Priority Debt Obligations” means, with respect to any series, issue or class of Additional Senior Priority Debt, (a) all principal of, and premium and interest, fees, and expenses (including, without limitation, any interest,
fees, or expenses which accrue after the commencement of any Insolvency or Liquidation Proceeding or which would accrue but for the operation of Bankruptcy Laws, whether or not allowed or allowable as a claim in any such proceeding) payable with
respect to, such Additional Senior Priority Debt, (b) all other amounts payable to the related Additional Senior Secured Parties under the related Additional Senior Priority Debt Documents and (c) any renewals or extensions of the
foregoing. 
 “Additional Senior Secured Parties” means, with respect to any series, issue or class of Additional Senior
Priority Debt, the holders of such Indebtedness or any other Additional Senior Priority Debt Obligation, the Representative with respect thereto, any trustee or agent therefor under any related Additional Senior Priority Debt Documents and the
beneficiaries of each indemnification obligation undertaken by any Borrower or any Guarantor under any related Additional Senior Priority Debt Documents. 

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

“Bankruptcy Code” means Title 11 of the United States Code, as amended. 

“Bankruptcy Laws” means the Bankruptcy Code and any other liquidation, conservatorship, bankruptcy, assignment for the
benefit of creditors, moratorium, administration, rearrangement, judicial management, receivership, insolvency, reorganization (by way of voluntary arrangement, scheme of arrangement or otherwise), or similar federal, state, or foreign debtor relief
laws (including under any applicable corporate statute) of the United States or other applicable jurisdictions from time to time in effect. 

  
 -3- 

 “Borrowers” means the Lead Borrower and the Subsidiary Borrowers, and
“Borrower” shall mean any such person on an individual basis. 
 “Class Debt” has the
meaning assigned to such term in Section 8.09(a). 
 “Class Debt Parties” has the meaning assigned
to such term in Section 8.09(a). 
 “Class Debt Representatives” has the meaning assigned to such
term in Section 8.09(a). 
 “Closing Date” means the date hereof. 

“Collateral” means the Senior Priority Collateral and the Second Priority Collateral. 

“Collateral Documents” means the Senior Priority Collateral Documents and the Second Priority Collateral Documents. 

“control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “controlled” have meanings correlative thereto. 

“Debt Facility” means any Senior Priority Debt Facility and any Second Priority Debt Facility. 

“Designated Second Priority Representative” means (i) the Initial Second Lien Representative, so long as the Second
Priority Debt Facility under the Initial Second Lien Debt Documents is the only Second Priority Debt Facility under this Agreement and (ii) at any time when clause (i) does not apply, the “Applicable Authorized Representative” or
similar term (as defined in the Second Lien Intercreditor Agreement) at such time. 
 “Designated Senior Representative”
means (i) the First Lien Collateral Agent, so long as the Senior Priority Debt Facility under the First Lien Credit Agreement is the only Senior Priority Debt Facility under this Agreement and (ii) at any time when clause (i) does not
apply, the “Applicable Collateral Agent” or similar term (as defined in the Equal Priority Intercreditor Agreement) at such time. 

“DIP Financing” has the meaning assigned to such term in Section 6.01. 

“Discharge of First Lien Credit Agreement Obligations” means, except to the extent otherwise expressly provided in
Section 5.06 and Section 6.04, 
 (a) payment in full in cash of all First Lien Credit Agreement Obligations (other
than (i) any indemnification obligations for which no claim has been asserted and (ii) obligations and liabilities under Designated Interest Rate Protection Agreements and Designated Treasury Services Agreements not then due); and 

  
 -4- 

 (b) termination or expiration of all commitments, if any, to extend credit
that would constitute First Lien Credit Agreement Obligations. 
 “Discharge of Senior Obligations” means, except to the
extent otherwise expressly provided in Section 5.06 and Section 6.04, the occurrence of both (I) with respect to the First Lien Credit Agreement Obligations, the Discharge of First Lien Credit Agreement Obligations, and (II) with
respect to all other Senior Obligations: 
 (a) payment in full in cash of all Senior Obligations (other than any
indemnification obligations for which no claim has been asserted and any other Senior Obligations not required to be paid in full in order to have the Liens on all Collateral securing such Senior Obligations to be released at such time in accordance
with the applicable Senior Priority Debt Documents); and 
 (b) termination or expiration of all commitments, if any, to
extend credit that would constitute Senior Obligations. 
 “Disposition” means any conveyance, sale, lease, assignment,
transfer, license or other disposition. 
 “Equal Priority Intercreditor Agreement” means a customary intercreditor
agreement in form and substance reasonably acceptable to the Senior Priority Representative with respect to each Senior Priority Debt Facility in existence at the time such intercreditor agreement is entered into and the Borrowers, and which
provides that the Liens on the applicable Collateral securing all Indebtedness covered thereby shall be of equal priority (but without regard to the control of remedies). 

“Equity Interests” of any Person shall mean any and all shares, interests, rights to purchase, warrants, options,
participations or other equivalents of or interests in (however designated) equity of such Person, including any preferred stock, any limited or general partnership interest and any limited liability company membership interest. 

“FACA” has the meaning assigned to that term in Section 4.01. 

“First Lien Collateral Agent” has the meaning assigned to such term in the introductory paragraph of this Agreement and shall
include any successor administrative agent and collateral agent as provided in Section 9.09 of the First Lien Credit Agreement. 

“First Lien Credit Agreement” means that certain First Lien Credit Agreement, dated as of October 20, 2016, among
Holdings, the Borrowers, the lenders from time to time party thereto, Bank of America, N.A., as administrative agent and collateral agent, and the other parties thereto. 

“First Lien Credit Agreement Credit Documents” means the First Lien Credit Agreement and the other “Credit
Documents” as defined in the First Lien Credit Agreement. 

  
 -5- 

 “First Lien Credit Agreement Obligations” means the “Obligations”
as defined in the First Lien Credit Agreement. 
 “First Lien Credit Agreement Secured Parties” means the “Secured
Creditors” as defined in the First Lien Credit Agreement. 
 “Grantors” means Holdings, the Borrowers and each
Subsidiary of Holdings (other than the Borrowers) that has granted a security interest pursuant to any Collateral Document to secure any Secured Obligations. 

“Guarantors” means Holdings and the “Subsidiary Guarantors” as defined in the First Lien Credit Agreement. 

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

“Initial Second Lien Debt Agreement” means that certain Second Lien Credit Agreement, dated as of October 20, 2016,
among Holdings, the Borrowers, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent and collateral agent. 

“Initial Second Lien Debt Documents” means the Initial Second Lien Debt Agreement and the other “Credit Documents”
as defined in the Initial Second Lien Debt Agreement. 
 “Initial Second Lien Debt Obligations” means the
“Obligations” as defined in the Initial Second Lien Debt Agreement. 
 “Initial Second Lien Representative” has
the meaning assigned to such term in the introductory paragraph of this Agreement and shall include any successor administrative agent and collateral agent as provided in Section 9.09 of the Initial Second Lien Debt Agreement. 

“Initial Second Priority Debt Secured Parties” means the “Secured Creditors” as defined in the Initial Second Lien
Debt Agreement. 
 “Insolvency or Liquidation Proceeding” means: 

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

(2) any liquidation, dissolution, judicial management, marshalling of assets or liabilities or other winding up of or relating
to the Borrowers or any other Grantor, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency; or 

  
 -6- 

 (3) any other proceeding of any type or nature in which substantially all
claims of creditors of the Borrowers or any other Grantor are determined and any payment or distribution is or may be made on account of such claims. 

“Joinder Agreement” means a supplement to this Agreement in the form of Annex II or Annex III hereof required to be delivered
by a Representative to the Designated Senior Representative or Designated Second Priority Representative, as the case may be, pursuant to Section 8.09 hereof in order to include an additional Debt Facility hereunder and to become the Representative
hereunder for the Senior Priority Secured Parties or Second Priority Secured Parties, as the case may be, under such Debt Facility. 

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

“Officer’s Certificate” has the meaning assigned to such term in Section 8.08. 

“Pledged or Controlled Collateral” has the meaning assigned to such term in Section 5.05(a). 

“Proceeds” means the proceeds of any sale, collection or other liquidation of Shared Collateral and any payment or
distribution made in respect of Shared Collateral in an Insolvency or Liquidation Proceeding and any amounts received by any Senior Priority Representative or any Senior Priority Secured Party from a Second Priority Secured Party in respect of
Shared Collateral pursuant to this Agreement and shall include all “proceeds,” as such term is defined in the UCC. 

“Recovery” has the meaning assigned to such term in Section 6.04. 

“Refinance” means, in respect of any indebtedness, to refinance, extend, renew, defease, amend, increase, modify, supplement,
restructure, refund, replace or repay, or to issue other indebtedness or enter alternative financing arrangements, in exchange or replacement for such indebtedness (in whole or in part), including by adding or replacing lenders, creditors, agents,
borrowers and/or guarantors, and including in each case, but not limited to, after the original instrument giving rise to such indebtedness has been terminated and including, in each case, through any credit agreement, loan agreement, note purchase
agreement, indenture or other agreement. “Refinanced” and “Refinancing” have correlative meanings. 

“Registered Equivalent Notes” means, with respect to any notes originally issued in a Rule 144A or other private placement
transaction under the Securities Act of 1933, substantially identical notes (having the same Guarantees) issued in a dollar-for-dollar exchange therefor pursuant to an
exchange offer registered with the SEC. 
 “Representatives” means the Senior Priority Representatives and the Second
Priority Representatives. 
 “SEC” means the United States Securities and Exchange Commission, or any Governmental
Authority succeeding to any of its principal functions. 

  
 -7- 

 “Second Lien Intercreditor Agreement” means a customary intercreditor
agreement in form and substance reasonably acceptable to the Second Priority Representative with respect to each Second Priority Debt Facility in existence at the time such intercreditor agreement is entered into and the Borrowers, and which
provides that the Liens on the applicable Collateral securing all Indebtedness covered thereby shall be of equal priority (but without regard to the control of remedies). 

“Second Priority Class Debt” has the meaning assigned to such term in Section 8.09(a). 

“Second Priority Class Debt Parties” has the meaning assigned to such term in Section 8.09(a). 

“Second Priority Class Debt Representative” has the meaning assigned to such term in Section 8.09(a).

 “Second Priority Collateral” means any “Collateral” (or equivalent term) as defined in any Initial Second Lien
Debt Documents or any other Second Priority Debt Document or any other assets of the Borrowers or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for
any Second Priority Debt Obligations. 
 “Second Priority Collateral Documents” means the “Security Documents” as
defined in the Initial Second Lien Debt Agreement and each of the security agreements and other instruments and documents executed and delivered by the Borrowers or any other Grantor for purposes of providing collateral security for any Second
Priority Debt Obligation. 
 “Second Priority Debt Documents” means (a) the Initial Second Lien Debt Documents and
(b) any Additional Second Priority Debt Documents. 
 “Second Priority Debt Facilities” means the Initial Second Lien
Debt Agreement and any Additional Second Priority Debt Facilities. 
 “Second Priority Debt Obligations” means the Initial
Second Lien Debt Obligations and any Additional Second Priority Debt Obligations. 
 “Second Priority Enforcement Date”
means, with respect to any Second Priority Representative, the date which is 180 days (through which 180 day period such Second Priority Representative was the Designated Second Priority Representative) after the occurrence of both (i) an Event of
Default (under and as defined in the Second Priority Debt Document for which such Second Priority Representative has been named as Representative) and (ii) the Designated Senior Representative’s and each other Representative’s receipt
of written notice from such Second Priority Representative that (x) such Second Priority Representative is the Designated Second Priority Representative and that an Event of Default (under and as defined in the Second Priority Debt Document for
which such Second Priority Representative has been named as Representative) has occurred and is continuing and (y) the Second Priority Debt Obligations of the series, issue or class with respect to which such Second Priority Representative is
the Second Priority Representative are currently due and payable in full (whether as a result of acceleration 

  
 -8- 

 
thereof or otherwise) in accordance with the terms of the applicable Second Priority Debt Document; provided that the Second Priority Enforcement Date shall be stayed and shall not occur
and shall be deemed not to have occurred (1) at any time a Senior Priority Representative has commenced and is diligently pursuing any enforcement action with respect to a material portion of any Shared Collateral, (2) at any time any
Grantor which has granted a security interest in any Shared Collateral is then a debtor under or with respect to (or otherwise subject to) any Insolvency or Liquidation Proceeding, or (3) at any time any of the Senior Priority Secured Parties
are stayed from pursuing any enforcement action with respect to a material portion of any Shared Collateral pursuant to the ABL Intercreditor Agreement. 

“Second Priority Lien” means the Liens on the Second Priority Collateral in favor of Second Priority Secured Parties under
the Second Priority Collateral Documents. 
 “Second Priority Representative” means (i) in the case of any Initial
Second Lien Debt Obligations or the Initial Second Priority Debt Secured Parties, the Initial Second Lien Representative and (ii) in the case of any Additional Second Priority Debt Facility and the Additional Second Priority Secured Parties
thereunder, the trustee, administrative agent, collateral agent, security agent or similar agent under such Additional Second Priority Debt Facility that is named as the Representative in respect of such Additional Second Priority Debt Facility in
the applicable Joinder Agreement. 
 “Second Priority Secured Parties” means the Initial Second Priority Debt Secured
Parties and any Additional Second Priority Secured Parties. 
 “Secured Obligations” means the Senior Obligations and the
Second Priority Debt Obligations. 
 “Secured Parties” means the Senior Priority Secured Parties and the Second Priority
Secured Parties. 
 “Senior Lien” means the Liens on the Senior Priority Collateral in favor of the Senior Priority Secured
Parties under the Senior Priority Collateral Documents. 
 “Senior Obligations” means the First Lien Credit Agreement
Obligations and any Additional Senior Priority Debt Obligations. 
 “Senior Priority Class Debt” has the
meaning assigned to such term in Section 8.09(a). 
 “Senior Priority Class Debt Parties” has the
meaning assigned to such term in Section 8.09(a). 
 “Senior Priority Class Debt Representative”
has the meaning assigned to such term in Section 8.09(a). 
 “Senior Priority Collateral” means any
“Collateral” (or equivalent term) as defined in any First Lien Credit Agreement Credit Document or any other Senior Priority Debt Document or any other assets of the Borrowers or any other Grantor with respect to which a Lien is granted or
purported to be granted pursuant to a Senior Priority Collateral Document as security for any Senior Obligations. 

  
 -9- 

 “Senior Priority Collateral Documents” means the “Security
Documents” as defined in the First Lien Credit Agreement and each of the security agreements and other instruments and documents executed and delivered by the Borrowers or any other Grantor for purposes of providing collateral security for any
Senior Obligation. 
 “Senior Priority Debt Documents” means (a) the First Lien Credit Agreement Credit Documents and
(b) any Additional Senior Priority Debt Documents. 
 “Senior Priority Debt Facilities” means the First Lien Credit
Agreement and any Additional Senior Priority Debt Facilities. 
 “Senior Priority Representative” means (i) in the
case of any First Lien Credit Agreement Obligations or the First Lien Credit Agreement Secured Parties, the First Lien Collateral Agent and (ii) in the case of any Additional Senior Priority Debt Facility and the Additional Senior Secured
Parties thereunder, the trustee, administrative agent, collateral agent, security agent or similar agent under such Additional Senior Priority Debt Facility that is named as the Representative in respect of such Additional Senior Priority Debt
Facility in the applicable Joinder Agreement. 
 “Senior Priority Secured Parties” means the First Lien Credit Agreement
Secured Parties and any Additional Senior Secured Parties. 
 “Shared Collateral” means, at any time, Collateral in which
the holders of Senior Obligations under at least one Senior Priority Debt Facility (or their Representatives) and the holders of Second Priority Debt Obligations under at least one Second Priority Debt Facility (or their Representatives) hold a
security interest at such time (or, in the case of the Senior Priority Debt Facilities, are deemed pursuant to Article 2 to hold a security interest). If, at any time, any portion of the Senior Priority Collateral under one or more Senior Priority
Debt Facilities does not constitute Second Priority Collateral under one or more Second Priority Debt Facilities, then such portion of such Senior Priority Collateral shall constitute Shared Collateral only with respect to the Second Priority Debt
Facilities for which it constitutes Second Priority Collateral and shall not constitute Shared Collateral for any Second Priority Debt Facility which does not have a security interest in such Collateral at such time. 

“Subsidiary Borrowers” means the subsidiary borrowers party to the First Lien Credit Agreement and/or the Initial Second Lien
Debt Agreement from time to time. 
 “Uniform Commercial Code” or “UCC” means, unless otherwise specified,
the Uniform Commercial Code as from time to time in effect in the State of New York. 
 SECTION 1.02. Terms Generally. The rules of
interpretation set forth in Sections 1.02, 1.03, 1.05, 1.06 and 1.08 of the First Lien Credit Agreement are incorporated herein mutatis mutandis. 

  
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 ARTICLE 2 

PRIORITIES AND AGREEMENTS WITH RESPECT TO
SHARED COLLATERAL 
 SECTION 2.01. Subordination. Notwithstanding the date, time, manner or order of
filing or recordation of any document or instrument or grant, attachment or perfection of any Liens granted to any Second Priority Representative or any Second Priority Secured Parties on the Shared Collateral or of any Liens granted to any Senior
Priority Representative or any other Senior Priority Secured Party on the Shared Collateral (or any actual or alleged defect in any of the foregoing) and notwithstanding any provision of the UCC, any applicable Law, any Second Priority Debt Document
or any Senior Priority Debt Document or any other circumstance whatsoever, each Second Priority Representative, on behalf of itself and each Second Priority Secured Party under its Second Priority Debt Facility, hereby agrees that (a) any Lien
on the Shared Collateral securing or purporting to secure any Senior Obligations now or hereafter held by or on behalf of any Senior Priority Representative or any other Senior Priority Secured Party or other agent or trustee therefor, regardless of
how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall have priority over and be senior in all respects and prior to any Lien on the Shared Collateral securing or purporting to secure any Second Priority Debt
Obligations and (b) any Lien on the Shared Collateral securing or purporting to secure any Second Priority Debt Obligations now or hereafter held by or on behalf of any Second Priority Representative, any Second Priority Secured Parties or any
other agent or trustee therefor, regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall be junior and subordinate in all respects to all Liens on the Shared Collateral securing or purporting to
secure any Senior Obligations. All Liens on the Shared Collateral securing or purporting to secure any Senior Obligations shall be and remain senior in all respects and prior to all Liens on the Shared Collateral securing or purporting to secure any
Second Priority Debt Obligations for all purposes, whether or not such Liens securing or purporting to secure any Senior Obligations are subordinated to any Lien securing any other obligation of the Borrowers, any Grantor or any other Person or
otherwise subordinated, voided, avoided, invalidated or lapsed. 
 SECTION 2.02. Nature of Senior Lender Claims. Each Second Priority
Representative, on behalf of itself and each Second Priority Secured Party under its Second Priority Debt Facility, acknowledges that (a) a portion of the Senior Obligations is revolving in nature and that the amount thereof that may be
outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed, (b) the terms of the Senior Priority Debt Documents and the Senior Obligations may be amended, restated, amended and restated, supplemented or
otherwise modified, and the Senior Obligations, or a portion thereof, may be Refinanced from time to time and (c) the aggregate amount of the Senior Obligations may be increased, in each case, without notice to or consent by the Second Priority
Representatives or the Second Priority Secured Parties and without affecting the provisions hereof, except as otherwise expressly set forth herein. The Lien priorities provided for in Section 2.01 shall not be altered or otherwise affected by
any amendment, restatement, amendment and restatement, supplement or other modification, or any Refinancing, of either the Senior Obligations or the Second Priority Debt Obligations, or any portion thereof. As between the Borrowers and the other
Grantors and the Second Priority Secured Parties, the foregoing provisions will not limit or otherwise affect the obligations of the Borrowers or any other Grantor contained in any Second Priority Debt Document with respect to the incurrence of
additional Senior Obligations. 

  
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 SECTION 2.03. Prohibition on Contesting Liens. (a) Each of the Second Priority
Representatives, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility, agrees that it shall not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding
(including any Insolvency or Liquidation Proceeding), the validity, extent, perfection, priority or enforceability of any Lien securing any Senior Obligations held (or purported to be held) by or on behalf of any Senior Priority Representative or
any of the other Senior Priority Secured Parties or any other agent or trustee there-for in any Senior Priority Collateral or the allowability of any claims asserted with respect to any Senior Obligations in any proceeding (including any Insolvency
or Liquidation Proceeding) and (b) each Senior Priority Representative, for itself and on behalf of each Senior Priority Secured Party under its Senior Priority Debt Facility, agrees that it shall not (and hereby waives any right to) contest or
support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the validity, extent, perfection, priority or enforceability of any Lien securing any Second Priority Debt Obligations held (or purported
to be held) by or on behalf of any Second Priority Representative or any of the Second Priority Secured Parties in the Second Priority Collateral or the allowability of any claims asserted with respect to any Second Priority Debt Obligations in any
proceeding (including any Insolvency or Liquidation Proceeding). Notwithstanding the foregoing, no provision in this Agreement shall be construed to prevent or impair the rights of any Senior Priority Representative to enforce this Agreement
(including the priority of the Liens securing the Senior Obligations as provided in Section 2.01) or any of the Senior Priority Debt Documents. 

SECTION 2.04. No New Liens. The parties hereto agree that, so long as the Discharge of Senior Obligations has not occurred,
(a) none of the Grantors shall grant any additional Liens on any asset or property of any Grantor to secure any Second Priority Debt Obligation unless it has also granted, or concurrently therewith also grants, a Lien on such asset or property
of such Grantor to secure the Senior Obligations; and (b) if any Second Priority Representative or any Second Priority Secured Party shall hold any Lien on any assets or property of any Grantor securing any Second Priority Debt Obligations that
are not also subject to the Liens securing all Senior Obligations under the Senior Priority Collateral Documents, such Second Priority Representative or Second Priority Secured Party (i) shall notify the Designated Senior Representative
promptly upon becoming aware thereof and, unless such Grantor shall promptly also grant a similar Lien on such assets or property to each Senior Priority Representative as security for the Senior Obligations, shall assign such Lien to the Designated
Senior Representative as security for all Senior Obligations for the benefit of the Senior Priority Secured Parties (but may retain a junior Lien on such assets or property subject to the terms hereof) and (ii) until such assignment or such
grant of a similar Lien to each Senior Priority Representative, shall be deemed to hold and have held such Lien for the benefit of each Senior Priority Representative and the other Senior Priority Secured Parties as security for the Senior
Obligations; provided that this provision will not be violated with respect to any particular series of Additional Senior Priority Debt Obligations if the applicable trustee, administrative agent, collateral agent, security agent or similar
agent under such Additional Senior Priority Debt Facility that is named as the Representative in respect of such Additional Senior Priority Debt Facility in the applicable Joinder Agreement is given a reasonable opportunity to accept a Lien on any
asset or property and either the Lead Borrower or such trustee or agent states in writing that the Senior Priority Debt Documents in respect thereof prohibit such trustee or agent from accepting a Lien on such asset or property or such trustee or
agent otherwise expressly declines to accept a Lien on such asset or 

  
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property. To the extent that the provisions of the immediately preceding sentence are not complied with for any reason, without limiting any other right or remedy available to any Senior Priority
Representative or any other Senior Priority Secured Party, each Second Priority Representative agrees, for itself and on behalf of the other Second Priority Secured Parties for which it has been named the Representative, that any amounts received by
or distributed to any Second Priority Secured Party pursuant to or as a result of any Lien granted in contravention of this Section 2.04 shall be subject to Section 4.01 and Section 4.02. 

SECTION 2.05. Perfection of Liens. Except for the limited agreements of the Senior Priority Representatives pursuant to
Section 5.05 hereof, none of the Senior Priority Representatives or the Senior Priority Secured Parties shall be responsible for perfecting and maintaining the perfection of Liens with respect to the Shared Collateral for the benefit of the
Second Priority Representatives or the Second Priority Secured Parties. The provisions of this Agreement are intended solely to govern the respective Lien priorities as between the Senior Priority Secured Parties and the Second Priority Secured
Parties and shall not impose on the Senior Priority Representatives, the Senior Priority Secured Parties, the Second Priority Representatives, the Second Priority Secured Parties or any agent or trustee therefor any obligations in respect of the
disposition of Proceeds of any Shared Collateral which would conflict with prior perfected claims therein in favor of any other Person or any order or decree of any court or Governmental Authority or any applicable Law. 

ARTICLE 3 

ENFORCEMENT 

SECTION 3.01. Exercise of Remedies. 

(a) So long as the Discharge of Senior Obligations has not occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced
by or against the Borrowers or any other Grantor, (i) neither any Second Priority Representative nor any Second Priority Secured Party will (x) exercise or seek to exercise any rights or remedies (including setoff or any assignment of
claims pursuant to the FACA) with respect to any Shared Collateral in respect of any Second Priority Debt Obligations, or institute any action or proceeding with respect to such rights or remedies (including any action of foreclosure), (y) contest,
protest or object to any foreclosure proceeding or other action brought with respect to the Shared Collateral or any other Senior Priority Collateral by any Senior Priority Representative or any Senior Priority Secured Party in respect of the Senior
Obligations, the exercise of any right by any Senior Priority Representative or any Senior Priority Secured Party (or any agent or sub-agent on their behalf) in respect of the Senior Obligations under any lockbox agreement, control agreement,
landlord waiver or bailee’s letter or similar agreement or arrangement to which any Senior Priority Representative or any Senior Priority Secured Party either is a party or may have rights as a third party beneficiary, or any other exercise by
any such party of any rights and remedies relating to the Shared Collateral under the Senior Priority Debt Documents or otherwise in respect of the Senior Priority Collateral or the Senior Obligations, or (z) object to the forbearance by the
Senior Priority Secured Parties from bringing or pursuing any foreclosure proceeding or action or any other exercise of any rights or remedies relating to the Shared Collateral in respect of Senior Obligations and (ii) except as otherwise
provided herein, the Senior Priority Representatives and the Senior Priority Secured Parties shall have the exclusive right to enforce rights, exercise remedies (including 

  
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setoff and the right to credit bid their debt) and make determinations regarding the release, disposition or restrictions with respect to the Shared Collateral or any other Senior Priority
Collateral without any consultation with or the consent of any Second Priority Representative or any Second Priority Secured Party; provided, however, that (A) in any Insolvency or Liquidation Proceeding commenced by or against
the Borrowers or any other Grantor, any Second Priority Representative may file a claim, proof of claim, or statement of interest with respect to the Second Priority Debt Obligations under its Second Priority Debt Facility in a manner that is
consistent with the terms and conditions of this Agreement, (B) any Second Priority Representative may take any action (not adverse to the prior Liens on the Shared Collateral securing the Senior Obligations or the rights of the Senior Priority
Representatives or the Senior Priority Secured Parties to exercise remedies in respect thereof) in order to create, prove, perfect, preserve or protect (but not enforce) its rights in, and perfection and priority of its Lien on, the Shared
Collateral, (C) any Second Priority Representative and the Second Priority Secured Parties may exercise their rights and remedies as unsecured creditors, to the extent provided and subject to the restrictions contained in Section 5.04, (D)
any Second Priority Representative may exercise the rights and remedies provided for in Section 6.03 and the Second Priority Secured Parties may file any responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding
or other pleading made by any Person objecting to or otherwise seeking the disallowance that is not permitted by this Agreement of the claims or Liens of the Second Priority Secured Parties or the avoidance of any Second Priority Lien to the extent
not inconsistent with the terms of this Agreement, (E) any Second Priority Secured Party may (subject to the provisions of Section 6.10(b)) vote on any plan of reorganization, plan of liquidation, agreement for composition, or other type
of plan of arrangement proposed in or in connection with any Insolvency or Liquidation Proceeding that conforms to the terms and conditions of this Agreement, and (F) from and after the Second Priority Enforcement Date, but subject to the terms
of the ABL Intercreditor Agreement with respect to the ABL Collateral, the Designated Second Priority Representative (or such other Person, if any, as is so authorized under the Second Lien Intercreditor Agreement) may exercise or seek to exercise
any rights or remedies (including setoff) with respect to any Shared Collateral in respect of any Second Priority Debt Obligations, or institute any action or proceeding with respect to such rights or remedies (including any action of foreclosure),
but only so long as (1) a Senior Priority Representative has not commenced and is not diligently pursuing any enforcement action with respect to a material portion of Shared Collateral or (2) any Grantor which has granted a security
interest in any Shared Collateral is not then a debtor under or with respect to (or otherwise subject to) any Insolvency or Liquidation Proceeding. In exercising rights and remedies with respect to the Senior Priority Collateral, the Senior Priority
Representatives and the Senior Priority Secured Parties may enforce the provisions of the Senior Priority Debt Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole
discretion. Such exercise and enforcement shall include the rights of an agent appointed by them to sell or otherwise dispose of Shared Collateral upon foreclosure, to incur expenses in connection with such sale or disposition and to exercise all
the rights and remedies of a secured lender under the Uniform Commercial Code or any other applicable Law of any applicable jurisdiction and of a secured creditor under Bankruptcy Laws of any applicable jurisdiction. 

  
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 (b) So long as the Discharge of Senior Obligations has not occurred, except as expressly
provided in the proviso to clause (ii) of Section 3.01(a) but subject to Section 4.01, each Second Priority Representative, on behalf of itself and each Second Priority Secured Party under its Second Priority Debt Facility, agrees
that it will not take or receive any Shared Collateral or any Proceeds of Shared Collateral in connection with the exercise of any right or remedy (including setoff) with respect to any Shared Collateral in respect of Second Priority Debt
Obligations. Without limiting the generality of the foregoing, unless and until the Discharge of Senior Obligations has occurred, except as expressly provided in the proviso in clause (ii) of Section 3.01(a), the sole right of the Second
Priority Representatives and the Second Priority Secured Parties with respect to the Shared Collateral is to hold a Lien on the Shared Collateral in respect of Second Priority Debt Obligations pursuant to the Second Priority Debt Documents for the
period and to the extent granted therein and to receive a share of the Proceeds thereof, if any, after the Discharge of Senior Obligations has occurred. 

(c) Subject to the proviso in clause (ii) of Section 3.01(a), (i) each Second Priority Representative, for itself and on behalf of
each Second Priority Secured Party under its Second Priority Debt Facility, agrees that neither such Second Priority Representative nor any such Second Priority Secured Party will take any action that would hinder or delay any exercise of remedies
undertaken by any Senior Priority Representative or any Senior Priority Secured Party with respect to the Shared Collateral under the Senior Priority Debt Documents, including any Disposition of the Shared Collateral, whether by foreclosure or
otherwise, and (ii) each Second Priority Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility, hereby waives any and all rights it or any such Second Priority Secured Party may
have as a junior lien creditor or otherwise to object to the manner in which the Senior Priority Representatives or the Senior Priority Secured Parties seek to enforce or collect the Senior Obligations or the Liens granted on any of the Senior
Priority Collateral, regardless of whether any action or failure to act by or on behalf of any Senior Priority Representative or any other Senior Priority Secured Party is adverse to the interests of the Second Priority Secured Parties. 

(d) Each Second Priority Representative hereby acknowledges and agrees that no covenant, agreement or restriction contained in any Second
Priority Debt Document shall be deemed to restrict in any way the rights and remedies of the Senior Priority Representatives or the Senior Priority Secured Parties with respect to the Senior Priority Collateral as set forth in this Agreement and the
Senior Priority Debt Documents. 
 (e) Until the Discharge of Senior Obligations, except as expressly provided in the proviso in clause
(ii) of Section 3.01(a), the Designated Senior Representative shall have the exclusive right to exercise any right or remedy with respect to the Shared Collateral and shall have the exclusive right to determine and direct the time, method
and place for exercising such right or remedy or conducting any proceeding with respect thereto. Following the Discharge of Senior Obligations, the Designated Second Priority Representative (or any Person authorized by it) shall have the exclusive
right to exercise any right or remedy with respect to the Collateral, and the Designated Second Priority Representative shall have the exclusive right to direct the time, method and place of exercising or conducting any proceeding for the exercise
of any right or remedy available to the Second Priority Secured Parties with respect to the Collateral, or of exercising or directing the exercise of any trust or power conferred on the Second Priority Representatives, or for the taking of any other
action authorized by the Second Priority Collateral Documents; provided, however, that nothing in this Section shall impair the right of any Second Priority Representative or other agent or trustee acting on behalf of the Second
Priority Secured Parties to take such actions with respect to the Collateral after the Discharge of Senior Obligations as may be otherwise required or authorized pursuant to any intercreditor agreement governing the Second Priority Secured Parties
or the Second Priority Debt Obligations. 

  
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 SECTION 3.02. Cooperation. Subject to the proviso in clause (ii) of
Section 3.01(a), each Second Priority Representative, on behalf of itself and each Second Priority Secured Party under its Second Priority Debt Facility, agrees that, unless and until the Discharge of Senior Obligations has occurred, it will
not commence, or join with any Person (other than the Senior Priority Secured Parties and the Senior Priority Representatives upon the request of the Designated Senior Representative) in commencing, any enforcement, collection, execution, levy or
foreclosure action or proceeding with respect to any Lien held by it in the Shared Collateral under any of the Second Priority Debt Documents or otherwise in respect of the Second Priority Debt Obligations. 

SECTION 3.03. Actions Upon Breach. Should any Second Priority Representative or any Second Priority Secured Party, contrary to this
Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this
Agreement, any Senior Priority Representative or other Senior Priority Secured Party (in its or their own name or in the name of the Borrowers or any other Grantor) or the Borrowers may obtain relief against such Second Priority Representative or
such Second Priority Secured Party by injunction, specific performance or other appropriate equitable relief. Each Second Priority Representative, on behalf of itself and each Second Priority Secured Party under its Second Priority Debt Facility,
hereby (i) agrees that the Senior Priority Secured Parties’ damages from the actions of the Second Priority Representatives or any Second Priority Secured Party may at that time be difficult to ascertain and may be irreparable and waives
any defense that the Borrowers, any other Grantor or the Senior Priority Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (ii) irrevocably waives any defense based on the adequacy of a remedy at law and
any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by any Senior Priority Representative or any other Senior Priority Secured Party. 

ARTICLE 4 
 PAYMENTS

 SECTION 4.01. Application of Proceeds. Subject to the ABL Intercreditor Agreement, so long as the Discharge of Senior Obligations
has not occurred and regardless of whether an Insolvency or Liquidation Proceeding has been commenced, the Shared Collateral or Proceeds thereof received in connection with the sale or other disposition of, or collection on, such Shared Collateral
upon the exercise of remedies (including any money or other funds from any Governmental Authority as a result of the compliance by the Grantors with the Federal Assignment of Claims Act (“FACA”)) shall be applied by the Designated
Senior Representative to the Senior Obligations in such order as specified in the relevant Senior Priority Debt Documents and, if applicable, the Equal Priority Intercreditor Agreement, until the Discharge of Senior Obligations has occurred. Upon
the Discharge of Senior Obligations, each applicable Senior Priority Representative shall deliver promptly to the Designated Second Priority Representative any Shared Collateral or Proceeds thereof (including any money or other funds from any
Governmental 

  
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Authority as a result of the compliance by the Grantors with FACA) held by it in the same form as received, with any necessary endorsements, or as a court of competent jurisdiction may otherwise
direct, to be applied by the Designated Second Priority Representative to the Second Priority Debt Obligations in such order as specified in the relevant Second Priority Debt Documents and, if applicable, the Second Lien Intercreditor Agreement.

 SECTION 4.02. Payments Over. So long as the Discharge of Senior Obligations has not occurred, any Shared Collateral or Proceeds
thereof received by any Second Priority Representative or any Second Priority Secured Party in connection with the exercise of any right or remedy (including setoff) relating to the Shared Collateral, in any Insolvency or Liquidation Proceeding, or
otherwise in contravention of this Agreement shall be segregated and held in trust for the benefit of and forthwith paid over to the Designated Senior Representative for the benefit of the Senior Priority Secured Parties in the same form as
received, with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. The Designated Senior Representative is hereby authorized to make any such endorsements as agent for each of the Second Priority Representatives
or any such Second Priority Secured Party. This authorization is coupled with an interest and is irrevocable. 
 ARTICLE 5 

OTHER AGREEMENTS 

SECTION 5.01. Releases. 

(a) Each Second Priority Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt
Facility, agrees that, in the event of a Disposition of any specified item of Shared Collateral (including all or substantially all of the Equity Interests of any Subsidiary of Holdings) (i) in connection with the exercise of remedies in
respect of Collateral by a Senior Priority Representative or (ii) if not in connection with the exercise of remedies in respect of Collateral by the Designated Senior Representative, so long as such Disposition is permitted by the terms of the
Second Priority Debt Documents and the Senior Priority Debt Documents and, in the case of this clause (ii) other than in connection with the Discharge of Senior Obligations, the Liens granted to the Second Priority Representatives and the
Second Priority Secured Parties upon such Shared Collateral (but not on the Proceeds thereof that were not applied to the payment of Senior Obligations) to secure Second Priority Debt Obligations, shall terminate and be released, automatically and
without any further action, concurrently with the termination and release of all Liens granted upon such Shared Collateral to secure Senior Obligations. Upon delivery to a Second Priority Representative of an Officer’s Certificate stating that
any such termination and release of Liens securing the Senior Obligations has become effective (or shall become effective concurrently with such termination and release of the Liens granted to the Second Priority Secured Parties and the Second
Priority Representatives) and any necessary or proper instruments of termination or release prepared by the Borrowers or any other Grantor, such Second Priority Representative will promptly execute, deliver or acknowledge, at the Lead
Borrower’s sole cost and expense and without any representation or warranty, such instruments to evidence such termination and release of the Liens. Nothing in this Section 5.01(a) will be deemed to affect any agreement of a Second
Priority Representative, for itself and on behalf of the Second Priority Secured Parties under its Second Priority Debt Facility, to release the Liens on the Second Priority Collateral as set forth in the relevant Second Priority Debt Documents.

  
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 (b) Each Second Priority Representative, for itself and on behalf of each Second Priority
Secured Party under its Second Priority Debt Facility, hereby irrevocably constitutes and appoints the Designated Senior Representative and any officer or agent of the Designated Senior Representative, with full power of substitution, as its true
and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Second Priority Representative or such Second Priority Secured Party
or in the Designated Senior Representative’s own name, from time to time in the Designated Senior Representative’s discretion, for the purpose of carrying out the terms of Section 5.01(a), to take any and all appropriate action and to
execute any and all documents and instruments that may be necessary or desirable to accomplish the purposes of Section 5.01(a), including any termination statements, endorsements or other instruments of transfer or release. 

(c) Unless and until the Discharge of Senior Obligations has occurred, each Second Priority Representative, for itself and on behalf of each
Second Priority Secured Party under its Second Priority Debt Facility, hereby consents to the application, whether prior to or after an event of default under any Senior Priority Debt Document of Proceeds of Shared Collateral to the repayment of
Senior Obligations pursuant to the Senior Priority Debt Documents, provided that nothing in this Section 5.01(c) shall be construed to prevent or impair the rights of the Second Priority Representatives or the Second Priority Secured
Parties to receive Proceeds in connection with the Second Priority Debt Obligations not otherwise in contravention of this Agreement. 
 (d)
Notwithstanding anything to the contrary in any Second Priority Collateral Document, in the event the terms of a Senior Priority Collateral Document and a Second Priority Collateral Document each require any Grantor to (i) make payment in
respect of any item of Shared Collateral, (ii) deliver or afford control over any item of Shared Collateral to, or deposit any item of Shared Collateral with, (iii) register ownership of any item of Shared Collateral in the name of or make
an assignment of ownership of any Shared Collateral or the rights thereunder to, (iv) cause any securities intermediary, commodities intermediary or other Person acting in a similar capacity to agree to comply, in respect of any item of Shared
Collateral, with instructions or orders from, or to treat, in respect of any item of Shared Collateral, as the entitlement holder, (v) hold any item of Shared Collateral in trust for (to the extent such item of Shared Collateral cannot be held
in trust for multiple parties under applicable Law), (vi) obtain the agreement of a bailee or other third party to hold any item of Shared Collateral for the benefit of or subject to the control of or, in respect of any item of Shared Collateral, to
follow the instructions of, or (vii) obtain the agreement of a landlord with respect to access to leased premises where any item of Shared Collateral is located or waivers or subordination of rights with respect to any item of Shared Collateral
in favor of, in any case, both the Designated Senior Representative and any Second Priority Representative or Second Priority Secured Party, such Grantor may, until the applicable Discharge of Senior Obligations has occurred, comply with such
requirement under the Second Priority Collateral Document as it relates to such Shared Collateral by taking any of the actions set forth above only with respect to, or in favor of, the Designated Senior Representative. 

  
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 SECTION 5.02. Insurance and Condemnation Awards. Unless and until the Discharge of
Senior Obligations has occurred, subject in each case to the rights of the Grantors under, and any limitations under, the Senior Priority Debt Documents, the Designated Senior Representative and the Senior Priority Secured Parties shall have the
sole and exclusive right (a) to adjust settlement for any insurance policy covering the Shared Collateral in the event of any loss thereunder and (b) to approve any award granted in any condemnation or similar proceeding affecting the
Shared Collateral. Unless and until the Discharge of Senior Obligations has occurred, and subject to the rights of the Grantors under, and any limitations under, the Senior Priority Debt Documents and the Second Priority Debt Documents, all proceeds
of any such policy and any such award, if in respect of the Shared Collateral, shall be paid (i) first, prior to the occurrence of the Discharge of Senior Obligations, to the Designated Senior Representative for the benefit of Senior Priority
Secured Parties pursuant to the terms of the Senior Priority Debt Documents, (ii) second, after the occurrence of the Discharge of Senior Obligations, to the Designated Second Priority Representative for the benefit of the Second Priority
Secured Parties pursuant to the terms of the applicable Second Priority Debt Documents and (iii) third, if no Second Priority Debt Obligations are outstanding, to the owner of the subject property, such other Person as may be entitled thereto
or as a court of competent jurisdiction may otherwise direct. If any Second Priority Representative or any Second Priority Secured Party shall, at any time, receive any proceeds of any such insurance policy or any such award in contravention of this
Agreement, it shall pay such proceeds over to the Designated Senior Representative (or after the Discharge of Senior Obligations, the Designated Second Priority Representative) to receive such amounts in accordance with the terms of
Section 4.02. 
 SECTION 5.03. Certain Amendments. 

(a) No Second Priority Collateral Document may be amended, supplemented or otherwise modified or entered into to the extent such amendment,
supplement or modification, or the terms of any new Second Priority Collateral Document, would be prohibited by or conflict with any of the terms of this Agreement. The Lead Borrower agrees to deliver to the Designated Senior Representative copies
of (i) any amendments, supplements or other modifications to the Second Priority Collateral Documents and (ii) any new Second Priority Collateral Documents promptly after effectiveness thereof. Each Second Priority Representative, for
itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility, agrees that each Second Priority Collateral Document under its Second Priority Debt Facility shall include the following language (or language to
similar effect reasonably approved by the Designated Senior Representative): 
 “Notwithstanding anything herein to the contrary,
(i) the liens and security interests granted to the Second Priority Representative pursuant to this Agreement are expressly subject and subordinate to the liens and security interests granted in favor of the Senior Priority Secured Parties (as
defined in the First Lien/Second Lien Intercreditor Agreement referred to below), including liens and security interests granted to Bank of America, N.A., as collateral agent, pursuant to or in connection with the First Lien Credit Agreement dated
as of October 20, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time), among Shay Intermediate Holding II Corporation, PAE Holding Corporation, the lenders from time to time party thereto,
Bank of America, 

  
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N.A., as administrative agent and collateral agent, and the other parties thereto, and (ii) the exercise of any right or remedy by the Second Priority Representative or any other secured
party hereunder is subject to the limitations and provisions of the First Lien/Second Lien Intercreditor Agreement dated as of October 20, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time,
the “First Lien/Second Lien Intercreditor Agreement”), among Bank of America, N.A., as First Lien Collateral Agent, Bank of America, N.A., as Initial Second Lien Representative, PAE Holding Corporation and Shay Intermediate Holding
II Corporation. In the event of any conflict between the terms of the First Lien/Second Lien Intercreditor Agreement and the terms of this Agreement, the terms of the First Lien/Second Lien Intercreditor Agreement shall govern.” 

(b) In the event that each applicable Senior Priority Representative and/or the Senior Priority Secured Parties enter into any amendment,
waiver or consent in respect of any of the Senior Priority Collateral Documents for the purpose of adding to or deleting from, or waiving or consenting to any departures from any provisions of, any Senior Priority Collateral Document or changing in
any manner the rights of the Senior Priority Representatives, the Senior Priority Secured Parties, the Borrowers or any other Grantor thereunder (including the release of any Liens in Senior Priority Collateral) in a manner that is applicable to all
Senior Priority Debt Facilities, then such amendment, waiver or consent shall apply automatically to any comparable provision of each comparable Second Priority Collateral Document without the consent of any Second Priority Representative or any
Second Priority Secured Party and without any action by any Second Priority Representative, the Borrowers or any other Grantor; provided, however, that (x) no such amendment, waiver or consent shall (i) remove assets subject to
the Lien of any Second Priority Collateral Document, except as provided for in Section 5.01(a) or (ii) impose duties that are adverse on any Second Priority Representative without its prior written consent and (y) written notice of
such amendment, waiver or consent shall have been given by the Lead Borrower to each Second Priority Representative within 10 Business Days after the effectiveness of such amendment, waiver or consent (although the failure to give any such notice
shall in no way affect the effectiveness of such amendment, waiver or consent). 
 (c) Each of the Senior Priority Debt Documents may be
amended, restated, amended and restated, waived, supplemented or otherwise modified in accordance with its terms, and the indebtedness under any Senior Priority Debt Document may be Refinanced, in each case, without the consent of any Second
Priority Representative or Second Priority Secured Party, all without affecting the Lien priorities provided for herein or the other provisions hereof; provided, however, that, without the consent of the Second Priority
Representatives, no such amendment, restatement, supplement, modification or Refinancing (or successive amendments, restatements, supplements, modifications or Refinancings) shall contravene any provision of this Agreement. 

(d) Each of the Second Priority Debt Facilities may be amended, restated, waived, supplemented or otherwise modified in accordance with its
terms, and the indebtedness under the Second Priority Debt Facilities may be Refinanced without the consent of any Senior Priority Representative or Senior Priority Secured Party; provided, however, that, without the consent of
(x) until the Discharge of First Lien Credit Agreement Obligations, the First Lien Collateral Agent, acting with the consent of the Required Lenders (as such term is defined in the 

  
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First Lien Credit Agreement) and (y) each other Senior Priority Representative (acting with the consent of the requisite holders of each series of Additional Senior Priority Debt), no such
amendment, restatement, supplement or modification shall (1) contravene any provision of this Agreement, or (2) reduce the capacity to incur Indebtedness for borrowed money constituting Senior Obligations to an amount less than the
aggregate principal amount of term loans and aggregate principal amount of revolving commitments, in each case, under the Senior Priority Debt Documents on the day of any such amendment, restatement, supplement, modification or Refinancing. 

SECTION 5.04. Rights As Unsecured Creditors. The Second Priority Representatives and the Second Priority Secured Parties may exercise
rights and remedies as unsecured creditors against the Borrowers and any other Grantor in accordance with the terms of the Second Priority Debt Documents and applicable Law so long as such rights and remedies do not violate, or are not otherwise
inconsistent with, any express provision of this Agreement. Nothing in this Agreement shall prohibit the receipt by any Second Priority Representative or any Second Priority Secured Party of the required payments of principal, premium, interest,
fees and other amounts due under the Second Priority Debt Documents so long as such receipt is not the direct or indirect result of the exercise by a Second Priority Representative or any Second Priority Secured Party of rights or remedies as a
secured creditor in respect of Shared Collateral. In the event any Second Priority Representative or any Second Priority Secured Party becomes a judgment Lien creditor in respect of Shared Collateral as a result of its enforcement of its rights as
an unsecured creditor in respect of Second Priority Debt Obligations, such judgment Lien shall be subordinated to the Liens securing Senior Obligations on the same basis as the other Liens securing the Second Priority Debt Obligations are so
subordinated to such Liens securing Senior Obligations under this Agreement. Nothing in this Agreement shall impair or otherwise adversely affect any rights or remedies the Senior Priority Representatives or the Senior Priority Secured Parties may
have with respect to the Senior Priority Collateral. 
 SECTION 5.05. Gratuitous Bailee for Perfection. 

(a) Each Senior Priority Representative acknowledges and agrees that if it shall at any time hold a Lien securing any Senior Obligations on any
Shared Collateral that can be perfected by the possession or control of such Shared Collateral or of any account in which such Shared Collateral is held, and if such Shared Collateral or any such account is in fact in the possession or under the
control of such Senior Priority Representative, or of agents or bailees of such Person (such Shared Collateral being referred to herein as the “Pledged or Controlled Collateral”), or if it shall at any time obtain any landlord
waiver or bailee’s letter or any similar agreement or arrangement granting it rights or access to Shared Collateral, or with respect to any Shared Collateral subject to any other arrangement set forth in Section 5.01(d), the applicable
Senior Priority Representative shall also hold such Pledged or Controlled Collateral, or take such actions with respect to such landlord waiver, bailee’s letter or similar agreement or arrangement, as sub-agent and gratuitous bailee for the
relevant Second Priority Representatives, in each case solely for the purpose of perfecting the Liens granted under the relevant Second Priority Collateral Documents and subject to the terms and conditions of this Section 5.05. 

  
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 (b) In the event that any Senior Priority Representative (or its agents or bailees), or
after the Discharge of Senior Obligations, any Second Priority Representative, has Lien filings against Intellectual Property that is part of the Shared Collateral that are necessary for the perfection of Liens in such Shared Collateral, such Senior
Priority Representative, or after the Discharge of Senior Obligations, such Second Priority Representative, agrees to hold such Liens as sub-agent and gratuitous bailee for the relevant Second Priority Representatives and any assignee thereof,
solely for the purpose of perfecting the security interest granted in such Liens pursuant to the relevant Second Priority Collateral Documents, subject to the terms and conditions of this Section 5.05. 

(c) Except as otherwise specifically provided herein, until the Discharge of Senior Obligations has occurred, the Senior Priority
Representatives and the Senior Priority Secured Parties shall be entitled to deal with the Pledged or Controlled Collateral in accordance with the terms of the Senior Priority Debt Documents as if the Liens under the Second Priority Collateral
Documents did not exist. The rights of the Second Priority Representatives and the Second Priority Secured Parties with respect to the Pledged or Controlled Collateral shall at all times be subject to the terms of this Agreement. 

(d) The Senior Priority Representatives and the Senior Priority Secured Parties shall have no obligation whatsoever to the Second Priority
Representatives or any Second Priority Secured Party to assure that any of the Pledged or Controlled Collateral is genuine or owned by the Grantors or to protect or preserve rights or benefits of any Person or any rights pertaining to the Shared
Collateral, except as expressly set forth in this Section 5.05. The duties or responsibilities of the Senior Priority Representatives (and after the Discharge of Senior Obligations, the Second Priority Representatives) under this
Section 5.05 shall be limited solely to holding or controlling the Shared Collateral and the related Liens referred to in paragraphs (a) and (b) of this Section 5.05 as sub-agent and gratuitous bailee for the relevant Second Priority
Representative for purposes of perfecting the Lien held by such Second Priority Representative. 
 (e) The Senior Priority Representatives
shall not have by reason of the Second Priority Collateral Documents or this Agreement, or any other document, a fiduciary relationship in respect of any Second Priority Representative or any Second Priority Secured Party, and each Second Priority
Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility, hereby waives and releases the Senior Priority Representatives from all claims and liabilities arising pursuant to the Senior
Priority Representatives’ roles under this Section 5.05 as sub-agents and gratuitous bailees with respect to the Shared Collateral. 

(f) Upon the Discharge of Senior Obligations, each applicable Senior Priority Representative shall, at the Lead Borrower’s sole cost and
expense, (i) (A) deliver to the Designated Second Priority Representative, to the extent that it is legally permitted to do so and as the Grantors or Designated Second Priority Representative may direct, all Shared Collateral, including all
Proceeds thereof, held or controlled by such Senior Priority Representative or any of its agents or bailees, including the transfer of possession and control, as applicable, of the Pledged or Controlled Collateral, together with any necessary
endorsements and notices to depositary banks, securities intermediaries and commodities intermediaries, and assign to the Designated Second Priority Representative, to the extent that it is legally permitted to do so and as the Grantors or the
Designated Second Priority Representative may direct, its rights under any landlord waiver or bailee’s letter or any similar agreement or arrangement granting it rights or access to 

  
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Shared Collateral, (B) if not legally permitted or no direction is given and if prior to discharge of the Second Priority Debt Obligations, deliver such Shared Collateral and assign its
rights in respect thereof as a court of competent jurisdiction may otherwise direct or (C) if the Second Priority Debt Obligations have been discharged, deliver such Shared Collateral to the Grantors and terminate its rights therein as directed
by the Grantors; (ii) notify any applicable insurance carrier that it is no longer entitled to be an additional loss payee or additional insured under the insurance policies of any Grantor issued by such insurance carrier; and (iii) notify
any Governmental Authority involved in any condemnation or similar proceeding involving any Grantor that the Designated Second Priority Representative is entitled to approve any awards granted in such proceeding. The Borrowers shall take such
further action as is required to effectuate the transfer contemplated hereby. The Senior Priority Representatives have no obligations to follow instructions from any Second Priority Representative or any other Second Priority Secured Party in
contravention of this Agreement. No Senior Priority Representative shall have any liability to any Second Priority Secured Party. 
 (g) None
of the Senior Priority Representatives nor any of the other Senior Priority Secured Parties shall be required to marshal any present or future collateral security for any obligations of the Borrowers or any other Grantor to any Senior Priority
Representative or any Senior Priority Secured Party under the Senior Priority Debt Documents or any assurance of payment in respect thereof, or to resort to such collateral security or other assurances of payment in any particular order, and all of
their rights in respect of such collateral security or any assurance of payment in respect thereof shall be cumulative and in addition to all other rights, however existing or arising. 

(h) In the event any Senior Priority Representative receives any money or other funds from any Governmental Authority as a result of the
compliance by the Grantors with FACA, then such Senior Priority Representative agrees to also hold all such money and funds as agent and bailee for the benefit of all Secured Parties and all such money and funds shall be applied in accordance with
Section 4.01 of this Agreement. Upon the Discharge of Senior Obligations, at the request of the Designated Second Priority Representative, the Senior Priority Representatives shall cooperate with the Designated Second Priority Representative to
assign any government contracts that are at such time assigned to any such Senior Priority Representative in compliance with the FACA to the Designated Second Priority Representative or any person authorized by the Designated Second Priority
Representative. 
 SECTION 5.06. When Discharge of Senior Obligations Deemed To Not Have Occurred. If, at any time
substantially concurrently with or after the Discharge of Senior Obligations has occurred, the Borrowers or any other Grantor consummates any Refinancing or incurs any Senior Obligations (other than in respect of the payment of indemnities surviving
the Discharge of Senior Obligations), then such Discharge of Senior Obligations shall automatically be deemed not to have occurred for all purposes of this Agreement (other than with respect to any actions taken prior to the date of such designation
as a result of the occurrence of such first Discharge of Senior Obligations) and the applicable agreement governing such Senior Obligations shall automatically be treated as a Senior Priority Debt Document for all purposes of this Agreement,
including for purposes of the Lien priorities and rights in respect of Shared Collateral set forth herein and the agent, representative or trustee for the holders of such Senior Obligations shall be the Senior Priority Representative for all
purposes of this Agreement; provided that 

  
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such Senior Priority Representative shall have become a party to this Agreement pursuant to Section 8.09. Upon receipt of notice of such incurrence (including the identity of the new Senior
Priority Representative), each Second Priority Representative (including the Designated Second Priority Representative) shall promptly (a) enter into such documents and agreements (at the expense of the Borrowers), including amendments,
supplements or modifications to this Agreement, as the Lead Borrower or such new Senior Priority Representative shall reasonably request in writing in order to provide the new Senior Priority Representative the rights of a Senior Priority
Representative contemplated hereby and (b) deliver to such Senior Priority Representative, to the extent that it is legally permitted to do so, all Shared Collateral, including all Proceeds thereof, held or controlled by such Second Priority
Representative or any of its agents or bailees, including the transfer of possession and control, as applicable, of the Pledged or Controlled Collateral, together with any necessary endorsements and notices to depositary banks, securities
intermediaries and commodities intermediaries, and assign to such Senior Priority Representative, to the extent that it is legally permitted to do so, its rights under any landlord waiver or bailee’s letter or any similar agreement or
arrangement granting it rights or access to Shared Collateral. 
 ARTICLE 6 

INSOLVENCY OR LIQUIDATION PROCEEDINGS 

SECTION 6.01. Financing and Sale Issues. Until the Discharge of Senior Obligations has occurred, if the Borrowers or any other Grantor
shall be subject to any Insolvency or Liquidation Proceeding, then each Second Priority Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility, agrees that (A) if any Senior
Priority Representative shall desire to consent (or not object) to the sale, use or lease of cash or other collateral or to consent (or not object) to the Borrowers’ or any other Grantor’s obtaining financing under Section 363 or
Section 364 of the Bankruptcy Code or any similar provision of any other Bankruptcy Law (“DIP Financing”), it will raise no objection to and will not otherwise contest such sale, use or lease of such cash or other collateral or
such DIP Financing and, except to the extent permitted by the proviso in clause (ii) of Section 3.01(a) and Section 6.03, will not request adequate protection or any other relief in connection therewith and, to the extent the Liens
securing any Senior Obligations are subordinated to or have the same priority as the Liens securing such DIP Financing, will subordinate (and will be deemed hereunder to have subordinated) its Liens in the Shared Collateral to (x) such DIP
Financing (and all obligations relating thereto) on the same basis as the Liens securing the Second Priority Debt Obligations are so subordinated to Liens securing Senior Obligations under this Agreement, so long as the sum of (a) the maximum
aggregate principal amount of Indebtedness that may be outstanding from time to time under such DIP Financing (including any such portion thereof that constitutes rollover of loans under the Senior Priority Debt Documents) plus, without duplication,
(b) the aggregate principal amount of loans and the aggregate face amount of letters of credit issued but not reimbursed under the Senior Priority Debt Documents does not exceed 115% of the greater of (x) $600,000,000 and (y) the aggregate
principal amount of loans under the Senior Priority Debt Documents outstanding at the time the DIP Financing is entered into, (y) any “carve-out” for professional and United States Trustee fees agreed to by the Senior Priority
Representatives, and (z) all adequate protection liens granted to the Senior Priority Secured Parties, (B) it will raise no objection to and will not otherwise contest any motion for relief from the automatic stay or any other stay in any
Insolvency or Liquidation Proceedings or from any injunction against foreclosure or enforcement in respect of Senior Obligations or the Senior Priority Collateral made by 

  
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any Senior Priority Representative or any other Senior Priority Secured Party, (C) it will raise no objection to and will not otherwise contest any lawful exercise by any Senior Priority
Secured Party of the right to credit bid Senior Obligations at any foreclosure or other sale of Senior Priority Collateral, including pursuant to Section 363(k) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law or
other applicable law, (D) it will raise no objection to and will not otherwise contest any other request for judicial relief made in any court by any Senior Priority Secured Party relating to the lawful enforcement of any Lien on Senior
Priority Collateral, (E) it will raise no objection to and will not otherwise contest any election made by any Senior Priority Representative or any other Senior Priority Secured Party of the application of Section 1111(b) of the
Bankruptcy Code or any similar provision of any other Bankruptcy Law with respect to any of the Shared Collateral, and (F) it will raise no objection to and will not otherwise contest or oppose any Disposition (including pursuant to
Section 363 of the Bankruptcy Code or any similar provision of any other Bankruptcy Law) of assets of any Grantor for or to which any Senior Priority Representative has consented or not objected that provides, to the extent such Disposition is
to be free and clear of Liens, that the Liens securing the Senior Obligations and the Second Priority Debt Obligations will attach to the Proceeds of the sale on the same basis of priority as the Liens on the Shared Collateral securing the Senior
Obligations rank to the Liens on the Shared Collateral securing the Second Priority Debt Obligations pursuant to this Agreement; provided, that the Second Priority Secured Parties may assert any objection to the proposed bidding and related
sale procedures to be utilized in connection with such Disposition that may be raised by an unsecured creditor of any Grantor; provided, further, that the Second Priority Secured Parties are not deemed to have waived any rights to
credit bid on the Shared Collateral in any such sale or disposition in accordance with Section 363(k) of the Bankruptcy Code (or any similar provision under any other applicable Bankruptcy Law), so long as any such credit bid provides for the
payment in full in cash of the Senior Obligations. Each Second Priority Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility, agrees that notice received three Business Days prior to
the entry of an order approving any usage of cash or other collateral described in this Section 6.01 or approving any DIP Financing described in this Section 6.01 shall be adequate notice. 

SECTION 6.02. Relief from the Automatic Stay. Until the Discharge of Senior Obligations has occurred, each Second Priority
Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility, agrees that none of them shall seek relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding
or take any action in derogation thereof, in each case in respect of any Shared Collateral, without the prior written consent of the Designated Senior Representative. 

SECTION 6.03. Adequate Protection. Each Second Priority Representative, for itself and on behalf of each Second Priority Secured Party
under its Second Priority Debt Facility, agrees that none of them shall object to, contest or support any other Person objecting to or contesting (a) any request by any Senior Priority Representative or any Senior Priority Secured Parties for
adequate protection in any form, (b) any objection by any Senior Priority Representative or any Senior Priority Secured Parties to any motion, relief, action or proceeding based on any Senior Priority Representative’s or Senior Priority
Secured Party’s claiming a lack of adequate protection or (c) the allowance and/or payment of pre- and/or post-petition interest, fees, expenses or other amounts of any Senior Priority Representative or any other Senior Priority Secured
Party under Section 506(b) or 506(c) of the Bankruptcy Code or any similar provision of 

  
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any other Bankruptcy Law (as adequate protection or otherwise). Notwithstanding anything contained in this Section 6.03 or in Section 6.01, in any Insolvency or Liquidation Proceeding,
(i) if the Senior Priority Secured Parties (or any subset thereof) are granted adequate protection in the form of a Lien on additional or replacement collateral and/or superpriority claims in connection with any DIP Financing or use of cash
collateral under Section 363 or 364 of the Bankruptcy Code or any similar provision of any other Bankruptcy Law, then each Second Priority Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority
Debt Facility, may seek or request adequate protection in the form of a Lien on such additional or replacement collateral and/or a superpriority claim (as applicable), which Lien and/or superpriority claim (as applicable) is subordinated to the
Liens securing, and claims with respect to, all Senior Obligations and such DIP Financing (and all obligations relating thereto) and any other Liens or claims granted to the Senior Priority Secured Parties as adequate protection, on the same basis
as the other Liens securing, and claims with respect to, the Second Priority Debt Obligations are so subordinated to the Liens securing, and claims with respect to, Senior Obligations under this Agreement and (ii) in the event any Second
Priority Representatives, for themselves and on behalf of the Second Priority Secured Parties under their Second Priority Debt Facilities, seek or request adequate protection and such adequate protection is granted (in each instance, to the extent
such grant is otherwise permissible under the terms and conditions of this Agreement) in the form of a Lien on additional or replacement collateral and/or a superpriority claim, then such Second Priority Representatives, for themselves and on behalf
of each Second Priority Secured Party under their Second Priority Debt Facilities, agree that each Senior Priority Representative shall also be granted a senior Lien on such additional or replacement collateral as security and adequate protection
for the Senior Obligations and any such DIP Financing and/or a superpriority claim (as applicable) and that any Lien on such additional or replacement collateral securing or providing adequate protection for the Second Priority Debt Obligations
and/or superpriority claim (as applicable) shall be subordinated to the Liens on such collateral securing, and claims with respect to, the Senior Obligations and any such DIP Financing (and all obligations relating thereto) and any other Liens or
claims granted to the Senior Priority Secured Parties as adequate protection on the same basis as the other Liens securing, and claims with respect to, the Second Priority Debt Obligations are so subordinated to such Liens securing, and claims with
respect to, Senior Obligations under this Agreement. Without limiting the generality of the foregoing, to the extent that the Senior Priority Secured Parties are granted adequate protection in the form of payments in the amount of current
post-petition fees and expenses, and/or other cash payments, then the Second Priority Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility, shall not be prohibited from seeking
adequate protection in the form of payments in the amount of current post-petition incurred fees and expenses, and/or other cash payments (as applicable), subject to the right of the Senior Priority Secured Parties to object to the reasonableness of
the amounts of fees and expenses or other cash payments so sought by the Second Priority Secured Parties. 
 SECTION 6.04. Preference
Issues. If any Senior Priority Secured Party is required in any Insolvency or Liquidation Proceeding or otherwise to disgorge, turn over or otherwise pay any amount to the estate of the Borrowers or any other Grantor (or any trustee, receiver or
similar Person therefor), because the payment of such amount was avoided as or otherwise declared to be fraudulent or preferential in any respect or for any other reason (any such amount, a “Recovery”), whether received as proceeds
of security, enforcement of any right of setoff or otherwise, then the Senior Obligations shall be reinstated to the extent of such Recovery and 

  
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deemed to be outstanding as if such payment had not occurred and the Senior Priority Secured Parties shall be entitled to the benefits of this Agreement until a Discharge of Senior Obligations
with respect to all such recovered amounts. If this Agreement shall have been terminated prior to such Recovery, this Agreement shall be reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair
or otherwise affect the obligations of the parties hereto. Each Second Priority Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility, hereby agrees that none of them shall be entitled
to benefit from any avoidance action affecting or otherwise relating to any distribution or allocation made in accordance with this Agreement, whether by preference or otherwise, it being understood and agreed that the benefit of such avoidance
action otherwise allocable to them shall instead be allocated and turned over for application in accordance with the priorities set forth in this Agreement. 

SECTION 6.05. Separate Grants of Security and Separate Classifications. Each Second Priority Representative, for itself and on behalf
of each Second Priority Secured Party under its Second Priority Debt Facility, acknowledges and agrees that (a) the grants of Liens pursuant to the Senior Priority Collateral Documents and the Second Priority Collateral Documents constitute
separate and distinct grants of Liens and (b) because of, among other things, their differing rights in the Shared Collateral, the Second Priority Debt Obligations are fundamentally different from the Senior Obligations and must be separately
classified in any plan of reorganization, plan of liquidation, agreement for composition, or other type of plan of arrangement proposed, confirmed, or adopted in an Insolvency or Liquidation Proceeding. To further effectuate the intent of the
parties as provided in the immediately preceding sentence, if it is held that any claims of the Senior Priority Secured Parties and the Second Priority Secured Parties in respect of the Shared Collateral constitute a single class of claims (rather
than separate classes of senior and junior secured claims), then each Second Priority Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility, hereby acknowledges and agrees that all
distributions from the Shared Collateral shall be made as if there were separate classes of senior and junior secured claims against the Grantors in respect of the Shared Collateral (with the effect being that, to the extent that the aggregate value
of the Shared Collateral is sufficient (for this purpose ignoring all claims held by the Second Priority Secured Parties), the Senior Priority Secured Parties shall be entitled to receive, in addition to amounts distributed to them in respect of
principal, pre-petition interest, fees, and expenses, and other claims, all amounts owing in respect of post-petition interest, fees, and expenses (whether or not allowed or allowable under Section 506(b) of the Bankruptcy Code (or any similar
provision of any other Bankruptcy Law) or otherwise in such Insolvency or Liquidation Proceeding) before any distribution from the Shared Collateral is made in respect of the Second Priority Debt Obligations, with each Second Priority
Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility, hereby acknowledging and agreeing to turn over to the Designated Senior Representative amounts otherwise received or receivable
by them to the extent necessary to effectuate the intent of this sentence, even if such turnover has the effect of reducing the claim or recovery of the Second Priority Secured Parties). 

SECTION 6.06. No Waivers of Rights of Senior Priority Secured Parties. Nothing contained herein shall, except as expressly provided
herein, prohibit or in any way limit any Senior Priority Representative or any other Senior Priority Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Secured Party,
including the seeking by any Second Priority Secured Party of adequate protection or the asserting by any Second Priority Secured Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise. 

  
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 SECTION 6.07. Application. This Agreement, which the parties hereto expressly
acknowledge is a “subordination agreement” under Section 510(a) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law, shall be effective before, during and after the commencement of any Insolvency or Liquidation
Proceeding. The relative rights as to the Shared Collateral and Proceeds thereof shall continue after the commencement of any Insolvency or Liquidation Proceeding on the same basis as prior to the date of the petition therefor, subject to any court
order approving the financing of, or use of cash collateral by, any Grantor. All references herein to any Grantor shall include such Grantor as a debtor-in-possession
and any receiver or trustee for such Grantor. 
 SECTION 6.08. Other Matters. To the extent that any Second Priority Representative
or any Second Priority Secured Party has or acquires rights under Section 363 or Section 364 of the Bankruptcy Code or any similar provision of any other Bankruptcy Law with respect to any of the Shared Collateral, such Second Priority
Representative, on behalf of itself and each Second Priority Secured Party under its Second Priority Debt Facility, agrees not to assert any such rights without the prior written consent of each Senior Priority Representative, provided that
if requested by any Senior Priority Representative, such Second Priority Representative shall timely exercise such rights in the manner requested by the Senior Priority Representatives (acting unanimously), including any rights to payments in
respect of such rights. 
 SECTION 6.09. 506(c) Claims. Until the Discharge of Senior Obligations has occurred, each Second Priority
Representative, on behalf of itself and each Second Priority Secured Party under its Second Priority Debt Facility, agrees that it will not assert or enforce any claim under Section 506(c) of the Bankruptcy Code or any similar provision of any
other Bankruptcy Law senior to or on a parity with the Liens securing the Senior Obligations for costs or expenses of preserving or disposing of any Shared Collateral. 

SECTION 6.10. Reorganization Securities; Voting. 

(a) If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the
reorganized debtor are distributed, pursuant to a plan of reorganization, plan of liquidation, agreement for composition, or other type of plan of arrangement proposed, confirmed, or adopted in an Insolvency or Liquidation Proceeding, on account of
both the Senior Obligations and the Second Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Obligations and on account of the Second Priority Debt Obligations are secured by Liens upon the same
assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 

(b) No Second Priority Secured Party (whether in the capacity of a secured creditor or an unsecured creditor) shall propose, vote in favor of,
or otherwise directly or indirectly support any plan of reorganization, plan of liquidation, agreement for composition, or other type of plan of arrangement that is inconsistent with the priorities or other provisions of this 

  
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 Agreement. Without limiting the generality of the foregoing, other than with the prior written consent of
the Designated Senior Representative, no Second Priority Secured Party (whether in the capacity of a secured creditor or an unsecured creditor) shall vote in favor of any plan unless such plan (i) satisfies the Senior Obligations in full in
cash or (ii) is proposed or supported by the number of Senior Priority Secured Parties required under Section 1126(c) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law. 

SECTION 6.11. Post-Petition Interest. 

(a) Neither any Second Priority Representative nor any other Second Priority Secured Party shall oppose or seek to challenge any claim by any
Senior Priority Representative or any other Senior Priority Secured Party for allowance in any Insolvency or Liquidation Proceeding of Senior Obligations consisting of claims for post-petition interest, fees, or expenses under Section 506(b) of
the Bankruptcy Code or any similar provision of any other Bankruptcy Law or otherwise. 
 (b) No Senior Priority Representative nor any other
Senior Priority Secured Party shall oppose or seek to challenge any claim by any Second Priority Representative or any other Second Priority Secured Party for allowance in any Insolvency or Liquidation Proceeding of Second Priority Debt Obligations
consisting of claims for post-petition interest, fees, or expenses under Section 506(b) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law or otherwise, to the extent of the value of the Lien of the Second Priority
Representatives on behalf of the Second Priority Secured Parties on the Shared Collateral (after taking into account the Senior Obligations). 

ARTICLE 7 

RELIANCE; ETC. 

SECTION 7.01. Reliance. The consent by the Senior Priority Secured Parties to the execution and delivery of the Second Priority Debt
Documents to which the Senior Priority Secured Parties have consented and all loans and other extensions of credit made or deemed made on and after the date hereof by the Senior Priority Secured Parties to the Borrowers or any other Grantor shall be
deemed to have been given and made in reliance upon this Agreement. Each Second Priority Representative, on behalf of itself and each Second Priority Secured Party under its Second Priority Debt Facility, acknowledges that it and such Second
Priority Secured Parties have, independently and without reliance on any Senior Priority Representative or other Senior Priority Secured Party, and based on documents and information deemed by them appropriate, made their own credit analysis and
decision to enter into the Second Priority Debt Documents to which they are party or by which they are bound, this Agreement and the transactions contemplated hereby and thereby, and they will continue to make their own credit decision in taking or
not taking any action under the Second Priority Debt Documents or this Agreement. 
 SECTION 7.02. No Warranties or Liability. Each
Second Priority Representative, on behalf of itself and each Second Priority Secured Party under its Second Priority Debt Facility, acknowledges and agrees that neither any Senior Priority Representative nor any other Senior Priority Secured Party
has made any express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectibility or enforceability 

  
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of any of the Senior Priority Debt Documents, the ownership of any Shared Collateral or the perfection or priority of any Liens thereon. The Senior Priority Secured Parties will be entitled to
manage and supervise their respective loans and extensions of credit under the Senior Priority Debt Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate, and the Senior Priority Secured Parties may
manage their loans and extensions of credit without regard to any rights or interests that the Second Priority Representatives and the Second Priority Secured Parties have in the Shared Collateral or otherwise, except as otherwise provided in this
Agreement. Neither any Senior Priority Representative nor any other Senior Priority Secured Party shall have any duty to any Second Priority Representative or Second Priority Secured Party to act or refrain from acting in a manner that allows, or
results in, the occurrence or continuance of an event of default or default under any agreement with the Borrowers or any other Grantor (including the Second Priority Debt Documents), regardless of any knowledge thereof that they may have or be
charged with. Except as expressly set forth in this Agreement, the Senior Priority Representatives, the Senior Priority Secured Parties, the Second Priority Representatives and the Second Priority Secured Parties have not otherwise made to each
other, nor do they hereby make to each other, any warranties, express or implied, nor do they assume any liability to each other with respect to (a) the enforceability, validity, value or collectibility of any of the Senior Obligations, the
Second Priority Debt Obligations or any guarantee or security which may have been granted to any of them in connection therewith, (b) any Grantor’s title to or right to transfer any of the Shared Collateral or (c) any other matter
except as expressly set forth in this Agreement. 
 SECTION 7.03. Obligations Unconditional. All rights, interests, agreements and
obligations of the Senior Priority Representatives, the Senior Priority Secured Parties, the Second Priority Representatives and the Second Priority Secured Parties hereunder shall remain in full force and effect irrespective of: 

(a) any lack of validity or enforceability of any Senior Priority Debt Document or any Second Priority Debt Document; 

(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the Senior Obligations or
Second Priority Debt Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the First Lien Credit Agreement or any other Senior Priority
Debt Document or of the terms of any Second Priority Debt Document; 
 (c) any exchange of any security interest in any
Shared Collateral or any other collateral or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the Senior Obligations or Second Priority Debt Obligations or any guarantee thereof;

 (d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Borrowers or any other Grantor; or 

  
 -30- 

 (e) any other circumstances that otherwise might constitute a defense
available to, or a discharge of, (i) the Borrowers or any other Grantor in respect of the Senior Obligations (other than the Discharge of Senior Obligations subject to Sections 5.06 and 6.04 hereof) or (ii) any Second Priority
Representative or Second Priority Secured Party in respect of this Agreement. 
 ARTICLE 8 

MISCELLANEOUS 

SECTION 8.01. Conflicts. Subject to Sections 8.18 and 8.23, in the event of any conflict between the provisions of this Agreement and
the provisions of any Senior Priority Debt Document or any Second Priority Debt Document, the provisions of this Agreement shall govern. Notwithstanding the foregoing, the relative rights and obligations of the Senior Priority Representatives and
the Senior Priority Secured Parties (as amongst themselves) with respect to any Senior Priority Collateral shall be governed by the terms of the Equal Priority Intercreditor Agreement and in the event of any conflict between the Equal Priority
Intercreditor Agreement and this Agreement, the provisions of the Equal Priority Intercreditor Agreement shall control. 
 SECTION 8.02.
Continuing Nature of This Agreement; Severability. Subject to Section 6.04, this Agreement shall continue to be effective until the Discharge of Senior Obligations shall have occurred. This is a continuing agreement of Lien
subordination, and the Senior Priority Secured Parties may continue, at any time and without notice to the Second Priority Representatives or any Second Priority Secured Party, to extend credit and other financial accommodations and lend monies to
or for the benefit of the Borrowers or any other Subsidiary constituting Senior Obligations in reliance hereon. The terms of this Agreement shall survive and continue in full force and effect in any Insolvency or Liquidation Proceeding. Any
provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall not invalidate the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the
invalid, illegal or unenforceable provisions. 
 SECTION 8.03. Amendments; Waivers. 

(a) No failure or delay on the part of any party hereto in exercising any right or power hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and
remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any party therefrom shall in any event be
effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on any party hereto in any
case shall entitle such party to any other or further notice or demand in similar or other circumstances. 

  
 -31- 

 (b) This Agreement may be amended in writing signed by each Representative (in each case,
acting in accordance with the documents governing the applicable Debt Facility); provided that any such amendment, supplement or waiver which by the terms of this Agreement requires any Borrower’s consent or which increases the
obligations or reduces the rights of, imposes additional duties on, or otherwise adversely affects the Borrowers or any other Grantor, shall require the consent of the Lead Borrower. Any such amendment, supplement or waiver shall be in writing and
shall be binding upon the Senior Priority Secured Parties and the Second Priority Secured Parties and their respective permitted successors and assigns. 

(c) Notwithstanding the foregoing, without the consent of any Secured Party, any Representative may become a party hereto by execution and
delivery of a Joinder Agreement in accordance with Section 8.09 and, upon such execution and delivery, such Representative and the Secured Parties and Senior Obligations or Second Priority Debt Obligations of the Debt Facility for which such
Representative is acting shall be subject to the terms hereof. 
 SECTION 8.04. Information Concerning Financial Condition of the
Borrowers and the Other Subsidiaries. The Senior Priority Representatives, the Senior Priority Secured Parties, the Second Priority Representatives and the Second Priority Secured Parties shall each be responsible for keeping
themselves informed of (a) the financial condition of the Borrowers and the other Subsidiaries and all endorsers or guarantors of the Senior Obligations or the Second Priority Debt Obligations and (b) all other circumstances bearing upon
the risk of nonpayment of the Senior Obligations or the Second Priority Debt Obligations. The Senior Priority Representatives, the Senior Priority Secured Parties, the Second Priority Representatives and the Second Priority Secured Parties shall
have no duty to advise any other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that any Senior Priority Representative, any Senior Priority Secured Party, any Second
Priority Representative or any Second Priority Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to any other party, it shall be under no obligation to (i) make, and the Senior
Priority Representatives, the Senior Priority Secured Parties, the Second Priority Representatives and the Second Priority Secured Parties shall not make or be deemed to have made, any express or implied representation or warranty, including with
respect to the accuracy, completeness, truthfulness or validity of any such information so provided, (ii) provide any additional information or to provide any such information on any subsequent occasion, (iii) undertake any investigation
or (iv) disclose any information that, pursuant to accepted or reasonable commercial finance practices, such party wishes to maintain confidential or is otherwise required to maintain confidential. 

SECTION 8.05. Subrogation. Each Second Priority Representative, on behalf of itself and each Second Priority Secured Party under its
Second Priority Debt Facility, hereby agrees not to assert any rights of subrogation it may acquire as a result of any payment hereunder until the Discharge of Senior Obligations has occurred. 

SECTION 8.06. Application of Payments. Except as otherwise provided herein, all payments received by the Senior Priority Secured
Parties may be applied, reversed and reapplied, in whole or in part, to such part of the Senior Obligations as the Senior Priority Secured Parties, in their sole discretion, deem appropriate, consistent with the terms of the Senior Priority Debt
Documents. Except as otherwise provided herein, each Second Priority Representative, on behalf of itself and each Second Priority Secured Party under its Second Priority Debt Facility, assents to any such extension or postponement of the time of
payment of the Senior Obligations or any part thereof and to any other indulgence with respect thereto, to any substitution, exchange or release of any security that may at any time secure any part of the Senior Obligations and to the addition or
release of any other Person primarily or secondarily liable therefor. 

  
 -32- 

 SECTION 8.07. [Reserved.] 

SECTION 8.08. Dealings with Grantors. Upon any application or demand by the Borrowers or any other Grantor to any Representative to
take or permit any action under any of the provisions of this Agreement, upon such Representative’s reasonable request, the Lead Borrower shall furnish to such Representative a certificate of a duly authorized officer of the Lead Borrower (an
“Officer’s Certificate”) stating that all conditions precedent, if any, provided for in this Agreement, as the case may be, relating to the proposed action have been complied with, except that in the case of any such
application or demand as to which the furnishing of such documents is specifically required by any provision of this Agreement relating to such particular application or demand, no additional certificate or opinion need be furnished. 

SECTION 8.09. Additional Debt Facilities. 

(a) To the extent, but only to the extent, permitted by the provisions of the Senior Priority Debt Documents and the Second Priority Debt
Documents then in effect, the Borrowers or any other Grantor may incur or issue and sell one or more series or classes of Additional Second Priority Debt and one or more series or classes of Additional Senior Priority Debt. Any such additional class
or series of Additional Second Priority Debt (the “Second Priority Class Debt”) may be secured by a junior priority, subordinated Lien on Shared Collateral, in each case under and pursuant to the relevant Second Priority
Collateral Documents for such Second Priority Class Debt, if and subject to the condition that the Representative of any such Second Priority Class Debt (each, a “Second Priority Class Debt
Representative”), acting on behalf of the holders of such Second Priority Class Debt (such Representative and holders in respect of any Second Priority Class Debt being referred to as the “Second Priority
Class Debt Parties”), becomes a party to this Agreement by satisfying conditions (i) through (iii), as applicable, of the immediately succeeding paragraph, and Section 8.09(b). Any such additional class or
series of Senior Priority Debt Facilities (the “Senior Priority Class Debt”; and the Senior Priority Class Debt and Second Priority Class Debt, collectively, the
“Class Debt”) may be secured by a senior Lien on Shared Collateral, in each case under and pursuant to the Senior Priority Collateral Documents, if and subject to the condition that the Representative of any such
Senior Priority Class Debt (each, a “Senior Priority Class Debt Representative”; and the Senior Priority Class Debt Representatives and Second Priority Class Debt Representatives, collectively, the
“Class Debt Representatives”), acting on behalf of the holders of such Senior Priority Class Debt (such Representative and holders in respect of any such Senior Priority Class Debt being referred
to as the “Senior Priority Class Debt Parties”; and the Senior Priority Class Debt Parties and Second Priority Class Debt Parties, collectively, the “Class Debt
Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iii), as applicable, of the immediately succeeding paragraph, and Section 8.09(b) and also becomes a party to the ABL
Intercreditor Agreement in accordance with the terms thereunder. In order for a Class Debt Representative to become a party to this Agreement: 

  
 -33 

 (i) such Class Debt Representative shall have executed and delivered a
Joinder Agreement substantially in the form of Annex II (if such Representative is a Second Priority Class Debt Representative) or Annex III (if such Representative is a Senior Priority Class Debt Representative) (with such changes as may
be reasonably approved by the Designated Senior Representative and such Class Debt Representative, and, to the extent such changes increase the obligations or reduce the rights of a Grantor, by the Borrowers) pursuant to which it becomes a
Representative hereunder, and the Class Debt in respect of which such Class Debt Representative is the Representative and the related Class Debt Parties become subject hereto and bound hereby; 

(ii) the Lead Borrower shall have delivered to the Designated Senior Representative an Officer’s Certificate stating that
the conditions set forth in this Section 8.09 are satisfied with respect to such Class Debt and, if requested, true and complete copies of each of the Second Priority Debt Documents or Senior Priority Debt Documents, as applicable,
relating to such Class Debt, certified as being true and correct by an Authorized Officer of the Lead Borrower on behalf of the relevant Grantor and identifying the obligations to be designated as Additional Senior Priority Debt or Additional
Second Priority Debt, as applicable, and certifying that such obligations are permitted to be incurred and secured (I) in the case of Additional Senior Priority Debt, on a senior basis under each of the Senior Priority Debt Documents and Second
Priority Debt Documents and (II) in the case of Additional Second Priority Debt, on a junior basis under each of the Senior Priority Debt Documents and Second Priority Debt Documents; and 

(iii) the Second Priority Debt Documents or Senior Priority Debt Documents, as applicable, relating to such Class Debt
shall provide, or shall be amended on terms and conditions reasonably approved by the Designated Senior Representative and such Class Debt Representative, that each Class Debt Party with respect to such Class Debt will be subject to
and bound by the provisions of this Agreement in its capacity as a holder of such Class Debt. 
 (b) With respect to any Class Debt
that is issued or incurred after the Closing Date, the Borrowers and each of the other Grantors agrees that the Borrowers will take, as applicable, such actions (if any) as may from time to time reasonably be requested by any Senior Priority
Representative or any Second Priority Representative, and enter into such technical amendments, modifications and/or supplements to the then existing Collateral Documents (or execute and deliver such additional Collateral Documents) as may from time
to time be reasonably requested by such Persons, to ensure that the Class Debt is secured by, and entitled to the benefits of, the relevant Collateral Documents relating to such Class Debt, and each Secured Party (by its acceptance of the
benefits hereof) hereby agrees to, and authorizes each applicable Senior Priority Representative and each applicable Second Priority Representative, as the case may be, to enter into, any such technical amendments, modifications and/or supplements
(and additional Collateral Documents). 

  
 -34- 

 SECTION 8.10. Consent to Jurisdiction; Waivers. Each Representative, on behalf of
itself and the Secured Parties of the Debt Facility for which it is acting, irrevocably and unconditionally: 
 (a) submits
for itself and its property in any legal action or proceeding relating to this Agreement and the Collateral Documents, or for recognition and enforcement of any judgment in respect thereof, to the exclusive jurisdiction of the courts of the State of
New York sitting in New York City in the borough of Manhattan, the courts of the United States District Court of the Southern District of New York, and appellate courts from any thereof; 

(b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or
hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same and agrees not to commence or support any such action or
proceeding in any other jurisdiction; 
 (c) agrees that service of process in any such action or proceeding may be effected
by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person (or its Representative) at the address referred to in Section 8.11; 

(d) agrees that nothing herein shall affect the right of any other party hereto (or any Secured Party) to effect service of
process in any other manner permitted by Law; and 
 (e) waives, to the maximum extent not prohibited by Law, any right it
may have to claim or recover in any legal action or proceeding referred to in this Section 8.10 any special, exemplary, punitive or consequential damages. 

SECTION 8.11. Notices. All notices, requests, demands and other communications provided for or permitted hereunder shall be in writing
and shall be sent: 
 (i) if to the Borrowers or any other Grantor, to the Lead Borrower, at its address at: 

c/o PAE Holding Corporation 

c/o Platinum Equity, LLC 

360 North Crescent Drive 

Beverly Hills, CA 90210 

Attn: Legal Department 

Fax: (310) 712-1863 

with a copy (which shall not constitute notice) to: 

Latham & Watkins LLP 

555 Eleventh Street, NW, Suite 1000 

Washington, DC 20004-1304 

Attn: Scott D. Forchheimer 

Fax: (202) 637-3372 

Email: scott.forchheimer@lw.com 

  
 -35- 

 (ii) if to the First Lien Collateral Agent, to it at: 

Bank of America, N.A. 

NC1-026-06-03

 900 W. Trade Street 

Charlotte, North Carolina 28255 

Attention: Cindy Jordan 

Tel: (980) 386-2359 

Email: cindy.t.jordan@baml.com 

(iii) if to the Initial Second Lien Representative, to it at: 

Bank of America, N.A. 

NC1-026-06-03

 900 W. Trade Street 

Charlotte, North Carolina 28255 

Attention: Cindy Jordan 

Tel: (980) 386-2359 

Email: cindy.t.jordan@baml.com 

(iv) if to any other Representative, to it at the address specified by it in the Joinder Agreement delivered by it pursuant to
Section 8.09. 
 Unless otherwise specifically provided herein, all notices and other communications given to any party hereto in
accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt if delivered by hand or overnight courier service or sent by fax or on the date five Business Days after dispatch by certified or registered
mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 8.11 or in accordance with the latest unrevoked direction from such party given in accordance with this Section 8.11.
Notices and other communications may also be delivered by email to the email address of a representative of the applicable Person provided from time to time by such Person. 

SECTION 8.12. Further Assurances. Each Senior Priority Representative, on behalf of itself and each Senior Priority Secured Party under
the Senior Priority Debt Facility for which it is acting, each Second Priority Representative, on behalf of itself, and each Second Priority Secured Party under its Second Priority Debt Facility, agrees that it will take such further action and
shall execute and deliver such additional documents and instruments (in recordable form, if requested) as the other parties hereto may reasonably request to effectuate the terms of, and the Lien priorities contemplated by, this Agreement. 

SECTION 8.13. Governing Law; Waiver of Jury Trial. 

(A) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

  
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 (B) EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL
BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AND FOR ANY COUNTERCLAIM THEREIN. 
 SECTION 8.14. Binding on
Successors and Assigns. This Agreement shall be binding upon the Senior Priority Representatives, the Senior Priority Secured Parties, the Second Priority Representatives, the Second Priority Secured Parties, the Borrowers and their respective
permitted successors and assigns. 
 SECTION 8.15. Section Titles. The section titles contained in this Agreement are and shall be
without substantive meaning or content of any kind whatsoever and are not a part of this Agreement. 
 SECTION 8.16. Counterparts.
This Agreement may be executed in one or more counterparts, including by means of facsimile or other electronic method, each of which shall be an original and all of which shall together constitute one and the same document. Delivery of an executed
signature page to this Agreement by facsimile or other electronic transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 

SECTION 8.17. Authorization. By its signature, each Person executing this Agreement on behalf of a party hereto represents and warrants
to the other parties hereto that it is duly authorized to execute this Agreement. The First Lien Collateral Agent represents and warrants that this Agreement is binding upon the First Lien Credit Agreement Secured Parties. The Initial Second Lien
Representative represents and warrants that this Agreement is binding upon the Initial Second Priority Debt Secured Parties. 
 SECTION
8.18. No Third Party Beneficiaries; Successors and Assigns. The lien priorities set forth in this Agreement and the rights and benefits hereunder in respect of such lien priorities shall inure solely to the benefit of the Senior Priority
Representatives, the Senior Priority Secured Parties, the Second Priority Representatives and the Second Priority Secured Parties, and their respective permitted successors and assigns, and no other Person (including the Grantors, or any trustee,
receiver, debtor in possession or bankruptcy estate in a bankruptcy or like proceeding) shall have or be entitled to assert such rights; provided, however, that the Grantors will be entitled to assert such rights with respect to
Sections 2.02, 5.01(a), 5.01(d), 5.02, 5.03(b), 5.05(f), 6.07, 8.03(b), 8.08, 8.09 and 8.23. 
 SECTION 8.19. Effectiveness. This
Agreement shall become effective when executed and delivered by the parties hereto. 
 SECTION 8.20. Administrative Agent and
Representative. It is understood and agreed that (a) the First Lien Collateral Agent is entering into this Agreement in its capacity as administrative agent and collateral agent under the First Lien Credit Agreement and the provisions of
Section 12 of the First Lien Credit Agreement applicable to the Administrative Agent (as defined therein) thereunder shall also apply to the First Lien Collateral Agent hereunder, (b) the Initial Second Lien Representative is entering into
this Agreement in its capacity as administrative agent and collateral agent under the Initial Second Lien Debt Agreement and the provisions 

  
 -37- 

 
of Section 12 of the Initial Second Lien Debt Agreement applicable to the Administrative Agent (as defined therein) thereunder shall also apply to the Initial Second Lien Representative
hereunder and (c) each other Representative party hereto is entering into this Agreement in its capacity as trustee or agent for the secured parties referenced in the applicable Additional Senior Priority Debt Document or Additional Second
Priority Debt Document (as applicable) and the corresponding exculpatory and liability-limiting provisions of such agreement applicable to such Representative thereunder shall also apply to such Representative hereunder. 

SECTION 8.21. Survival of Agreement. All covenants, agreements, representations and warranties made by any party in this Agreement
shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement. 

SECTION 8.22. Additional Grantors. The Borrowers hereby represent and warrant to the Representatives that Holdings, the Subsidiary
Guarantors party hereto and the Borrowers constitute the only Grantors on the Closing Date. The Borrowers and Holdings hereby covenant and agree to cause each person which becomes a Grantor following the execution of this Agreement to become a party
hereto (in the capacity of a Grantor) by duly executing and delivering a counterpart of the supplement hereto substantially in the form of Annex I hereof to each Representative. 

SECTION 8.23. ABL Intercreditor Agreement. Until such time as the Discharge of Revolving Credit Obligations (as defined in the ABL
Intercreditor Agreement) has occurred with respect to the Revolving Credit Obligations, the provisions of this Agreement shall be subject to the terms of the ABL Intercreditor Agreement with respect to the ABL Collateral. 

[SIGNATURE PAGES FOLLOW] 

  
 -38- 

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

					
	BANK OF AMERICA, N.A.,
	as First Lien Collateral Agent
		
	By:	 	 /s/ Erik M. Truette

		 	Name: Erik M. Truette
		 	Title: Vice President

 [SIGNATURE PAGE TO FIRST LIEN/SECOND LIEN INTERCREDITOR AGREEMENT] 

			
	BANK OF AMERICA, N.A.,
	as Initial Second Lien Representative
		
	By:	 	 /s/ Mark W. Kushemba

		 	Name: Mark W. Kushemba
		 	Title: Managing Director

 [SIGNATURE PAGE TO FIRST LIEN/SECOND LIEN INTERCREDITOR AGREEMENT] 

			
	Holdings
	
	SHAY INTERMEDIATE HOLDING II CORPORATION
		
	By:	 	 /s/ Mary Ann Sigler

		 	Name: Mary Ann Sigler
		 	Title: President and Treasurer
	
	Borrowers
	
	PAE HOLDING CORPORATION,
		
	By:	 	 /s/ Paul W. Cobb, Jr.

		 	Name: Paul W. Cobb, Jr.
		 	Title: Vice President
	
	PACIFIC ARCHITECTS AND ENGINEERS INCORPORATED,
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Vice President
	
	PAE GOVERNMENT SERVICES, INC.,
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer
	
	PACIFIC OPERATIONS MAINTENANCE COMPANY,
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer
	
	PAE DESIGN AND FACILITY MANAGEMENT,
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer

 [PAE - Signature Page to First Lien/Second Lien Intercreditor Agreement] 

			
	PAE PROFESSIONAL SERVICES, INC.,
		
	By:	 	 /s/ Stephanie Finn

		 	Name: Stephanie Finn
		 	Title: Assistant Secretary
	
	PAE LABAT-ANDERSON INCORPORATED,
		
	By:	 	 /s/ Stephanie Finn

		 	Name: Stephanie Finn
		 	Title: Assistant Secretary
	
	A-T SOLUTIONS, INC.,
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer
	
	PAE JUSTICE SUPPORT,
		
	By:	 	 /s/ Stephanie Finn

		 	Name: Stephanie Finn
		 	Title: Assistant Secretary
	
	PAE AVIATION AND TECHNICAL SERVICES LLC,
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer
	
	PAE APPLIED TECHNOLOGIES LLC,
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer
	
	PAE HANFORD LLC,
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer

 [PAE - Signature Page to First Lien/Second Lien Intercreditor Agreement] 

			
	Guarantors
	
	DYNCORP,
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer
	
	PAE SHIELD ACQUISITION COMPANY, INC.,
		
	By:	 	 /s/ Stephanie Finn

		 	Name: Stephanie Finn
		 	Title: Assistant Secretary
	
	A-T SOLUTIONS CORPORATE HOLDINGS PRIME, INC.,
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer
	
	A-T SOLUTIONS CORPORATE HOLDINGS, INC.,
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer
	
	A-T SOLUTIONS HOLDINGS, INC.,
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer
	
	PAE INTERNATIONAL,
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer

 [PAE - Signature Page to First Lien/Second Lien Intercreditor Agreement] 

			
	AFGHAN HOLDCO LLC,
		
	By:	 	 /s/ Stephanie Finn

		 	Name: Stephanie Finn
		 	Title: Assistant Secretary
	
	DEFENSE SUPPORT SERVICES INTERNATIONAL 3 LLC,
		
	By:	 	 /s/ Stephanie Finn

		 	Name: Stephanie Finn
		 	Title: Assistant Secretary
	
	PAE TRAINING SERVICES, LLC,
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer
	
	PAE HUMANITARIAN RESPONSE LLC,
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer
	
	DEFENSE SUPPORT SERVICES INTERNATIONAL, LLC,
		
	By:	 	 /s/ Stephanie Finn

		 	Name: Stephanie Finn
		 	Title: Assistant Secretary
	
	DEFENSE SUPPORT SERVICES INTERNATIONAL 2, LLC,
		
	By:	 	 /s/ Stephanie Finn

		 	Name: Stephanie Finn
		 	Title: Assistant Secretary

 [PAE - Signature Page to First Lien/Second Lien Intercreditor Agreement] 

			
	PAE LOGISTICS LLC,
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer
	
	ACCELLIGENCE LLC,
	By: A-T SOLUTIONS, INC., its sole member
		
	By:	 	 /s/ Richard Kirk von Seelen

		 	Name: Richard Kirk von Seelen
		 	Title: Treasurer

 [PAE - Signature Page to First Lien/Second Lien Intercreditor Agreement] 

 ANNEX I 

[FORM OF] SUPPLEMENT NO. [ ] (this “Grantor Supplement”) dated as of
[             ], 20[     ] to the FIRST LIEN/SECOND LIEN INTERCREDITOR AGREEMENT dated as of October 20, 2016 (the “First Lien/Second Lien Intercreditor
Agreement”), among PAE Holding Corporation, a Delaware corporation, Shay Intermediate Holding II Corporation, a Delaware corporation, the other Grantors from time to time party thereto, Bank of America, N.A., as Representative for the First
Lien Credit Agreement Secured Parties (in such capacity and together with its successors in such capacity, the “First Lien Collateral Agent”), Bank of America, N.A., acting in its capacity as administrative agent and collateral
agent under the Initial Second Lien Debt Agreement, and each additional Senior Priority Representative and Second Priority Representative that from time to time becomes a party thereto pursuant to Section 8.09 of the First Lien/Second Lien
Intercreditor Agreement. 
 A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms
in the First Lien/Second Lien Intercreditor Agreement. 
 B. Pursuant to Section 8.22 of the First Lien/Second Lien Intercreditor
Agreement, each person that becomes a Grantor following the execution of the First Lien/Second Lien Intercreditor Agreement is required to become a party to the First Lien/Second Lien Intercreditor Agreement.
[             ] has become a Grantor following the execution of the First Lien/Second Lien Intercreditor Agreement and is referred to herein as the “New Grantor.” 

Accordingly, the New Grantor agrees as follows: 

SECTION 1. The New Grantor hereby agrees to become party to the First Lien/Second Lien Intercreditor Agreement as a Grantor thereunder for all
purposes thereof on the terms set forth therein, and to be bound by the terms, conditions and provisions of the First Lien/Second Lien Intercreditor Agreement as fully as if the undersigned had executed and delivered the Intercreditor Agreement as
of the date thereof. All references to any “Grantor” or the “Grantors” under the First Lien/Second Lien Intercreditor Agreement shall, from and after the date hereof, be deemed to include the New Grantor. 

SECTION 2. The New Grantor hereby agrees, for the enforceable benefit of all existing and future Secured Parties that the undersigned is bound
by the terms, conditions and provisions of the First Lien/Second Lien Intercreditor Agreement. 
 SECTION 3. Except as expressly
supplemented hereby, the First Lien/Second Lien Intercreditor Agreement shall remain in full force and effect. 
 SECTION 4. THIS GRANTOR
SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 5. All communications
and notices hereunder shall be in writing and given as provided in Section 8.11 of the First Lien/Second Lien Intercreditor Agreement. All communications and notices hereunder to the New Grantor shall be given to it at the address set forth
below its signature hereto. 
 [SIGNATURE PAGES FOLLOW] 

  
 A-I-1 

 IN WITNESS WHEREOF, the New Grantor has duly executed this Grantor Supplement to the First
Lien/Second Lien Intercreditor Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW GRANTOR],
	as New Grantor,
		
	By:	 	  

		 	Name:
		 	Title:
		
		 	Address for notices: [            ]

  
 A-I-2 

 ANNEX II 

[FORM OF] SUPPLEMENT NO. [ ] (this “Representative Supplement”) dated as of [ ], 20[ ] to the FIRST LIEN/SECOND LIEN
INTERCREDITOR AGREEMENT dated as of October 20, 2016 (the “First Lien/Second Lien Intercreditor Agreement”), among PAE Holding Corporation, a Delaware corporation, Shay Intermediate Holding II Corporation, a Delaware
corporation, Bank of America, N.A., as Representative for the First Lien Credit Agreement Secured Parties (in such capacity and together with its successors in such capacity, the “First Lien Collateral Agent”), Bank of
America, N.A., as Representative for the Initial Second Priority Debt Secured Parties (in such capacity and together with its successors in such capacity, the “Initial Second Lien Representative ”), and each additional Senior
Priority Representative and Second Priority Representative that from time to time becomes a party thereto pursuant to Section 8.09 of the First Lien/Second Lien Intercreditor Agreement. 

A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the First Lien/Second Lien
Intercreditor Agreement. 
 B. As a condition to the ability of the Borrowers or any other Grantor to incur Second Priority Class Debt
after the date of the First Lien/Second Lien Intercreditor Agreement and to secure such Second Priority Class Debt with the Second Priority Lien and to have such Second Priority Class Debt guaranteed by the Grantors on a subordinated
basis, in each case under and pursuant to the Second Priority Collateral Documents, the Second Priority Class Debt Representative in respect of such Second Priority Class Debt is required to become a Representative under, and such Second
Priority Class Debt and the Second Priority Class Debt Parties in respect thereof are required to become subject to and bound by, the First Lien/Second Lien Intercreditor Agreement. Section 8.09 of the First Lien/Second Lien
Intercreditor Agreement provides that such Second Priority Class Debt Representative may become a Representative under, and such Second Priority Class Debt and such Second Priority Class Debt Parties may become subject to and bound
by, the First Lien/Second Lien Intercreditor Agreement, pursuant to the execution and delivery by the Second Priority Class Debt Representative of an instrument in the form of this Representative Supplement and the satisfaction of the other
conditions set forth in Section 8.09 of the First Lien/Second Lien Intercreditor Agreement. The undersigned Second Priority Class Debt Representative (the “New Representative”) is executing this Representative Supplement
in accordance with the requirements of the Senior Priority Debt Documents and the Second Priority Debt Documents. 
 Accordingly, the
Designated Senior Representative and the New Representative agree as follows: 
 SECTION 1. In accordance with Section 8.09 of the
First Lien/Second Lien Intercreditor Agreement, the New Representative by its signature below becomes a Representative under, and the related Second Priority Class Debt and Second Priority Class Debt Parties become subject to and bound by,
the First Lien/Second Lien Intercreditor Agreement with the same force and effect as if the New Representative had originally been named therein as a Representative, and the New Representative, on behalf of itself and such Second Priority
Class Debt Parties, hereby agrees to all the terms and provisions of the First Lien/Second Lien Intercreditor Agreement applicable to it as a Second Priority Representative and to the Second Priority Class Debt 

  
 A-II-1 

 
Parties that it represents as Second Priority Secured Parties. Each reference to a “Representative” or “Second Priority Representative” in the First Lien/Second
Lien Intercreditor Agreement shall be deemed to include the New Representative. The First Lien/Second Lien Intercreditor Agreement is hereby incorporated herein by reference. 

SECTION 2. The New Representative represents and warrants to the Designated Senior Representative and the other Secured Parties that
(i) it has full power and authority to enter into this Representative Supplement, in its capacity as [agent] [trustee] under [describe debt facility], (ii) this Representative Supplement has been duly authorized, executed and delivered by it
and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms of such Agreement and (iii) the Second Priority Debt Documents relating to such Second Priority Class Debt provide that, upon the
New Representative’s entry into this Agreement, the Second Priority Class Debt Parties in respect of such Second Priority Class Debt will be subject to and bound by the provisions of the First Lien/Second Lien Intercreditor Agreement
as Second Priority Secured Parties. 
 SECTION 3. This Representative Supplement may be executed in counterparts, each of which shall
constitute an original, but all of which when taken together shall constitute a single contract. This Representative Supplement shall become effective when the Designated Senior Representative shall have received a counterpart of this Representative
Supplement that bears the signature of the New Representative. Delivery of an executed signature page to this Representative Supplement by facsimile transmission or other electronic method shall be effective as delivery of a manually signed
counterpart of this Representative Supplement. 
 SECTION 4. Except as expressly supplemented hereby, the First Lien/Second Lien
Intercreditor Agreement shall remain in full force and effect. 
 SECTION 5. THIS REPRESENTATIVE SUPPLEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 6. In case any one or more of the provisions contained in
this Representative Supplement should be held invalid, illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the
validity, legality and enforceability of the remaining provisions contained herein and in the First Lien/Second Lien Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations
to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 7. All communications and notices hereunder shall be in writing and given as provided in Section 8.11 of the First Lien/Second
Lien Intercreditor Agreement. All communications and notices hereunder to the New Representative shall be given to it at the address set forth below its signature hereto. 

[SIGNATURE PAGES FOLLOW] 

  
 A-II-2 

 IN WITNESS WHEREOF, the New Representative and the Designated Senior Representative have
duly executed this Representative Supplement to the First Lien/Second Lien Intercreditor Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW REPRESENTATIVE],
	as [        ] for the holders of [         ],

 
			
		
	By:	 	  

		 	Name:
		 	Title:
	
	Address for notices:

 
			
	
	  

	
	attention
of:                                        
                        
	
	Telecopy:                                  
                                  
	
	[         ],
	as Designated Senior Representative,

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  

  
 A-II-3 

			
	Acknowledged by:
	
	[         ]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[         ]
		
	By:	 	  

		 	Name:
		 	Title:
	
	PAE Holding Corporation,
	as the Lead Borrower
		
	By:	 	  

		 	Name:
		 	Title:
	
	Shay Intermediate Holding II Corporation,
	as Holdings
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-II-4 

 ANNEX III 

[FORM OF] SUPPLEMENT NO. [ ] (this “Representative Supplement”) dated as of [ ], 20[ ] to the FIRST LIEN/SECOND LIEN
INTERCREDITOR AGREEMENT dated as of October 20, 2016 (the “First Lien/Second Lien Intercreditor Agreement”), among PAE Holding Corporation, a Delaware corporation, Shay Intermediate Holding II Corporation, a Delaware
corporation, Bank of America, N.A., as Representative for the First Lien Credit Agreement Secured Parties (in such capacity and together with its successors in such capacity, the “First Lien Collateral Agent”), Bank of
America, N.A., as Representative for the Initial Second Priority Debt Secured Parties (in such capacity and together with its successors in such capacity, the “Initial Second Lien Representative ”), and each additional Senior
Priority Representative and Second Priority Representative that from time to time becomes a party thereto pursuant to Section 8.09 of the First Lien/Second Lien Intercreditor Agreement. 

A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the First Lien/Second Lien
Intercreditor Agreement. 
 B. As a condition to the ability of the Borrowers or any other Grantor to incur Senior Priority Class Debt
after the date of the First Lien/Second Lien Intercreditor Agreement and to secure such Senior Priority Class Debt with the Senior Lien and to have such Senior Priority Class Debt guaranteed by the Grantors on a senior basis, in each case
under and pursuant to the Senior Priority Collateral Documents, the Senior Priority Class Debt Representative in respect of such Senior Priority Class Debt is required to become a Representative under, and such Senior Priority
Class Debt and the Senior Priority Class Debt Parties in respect thereof are required to become subject to and bound by, the First Lien/Second Lien Intercreditor Agreement. Section 8.09 of the First Lien/Second Lien Intercreditor
Agreement provides that such Senior Priority Class Debt Representative may become a Representative under, and such Senior Priority Class Debt and such Senior Priority Class Debt Parties may become subject to and bound by, the First
Lien/Second Lien Intercreditor Agreement, pursuant to the execution and delivery by the Senior Priority Class Debt Representative of an instrument in the form of this Representative Supplement and the satisfaction of the other conditions set
forth in Section 8.09 of the First Lien/Second Lien Intercreditor Agreement. The undersigned Senior Priority Class Debt Representative (the “New Representative”) is executing this Representative Supplement in accordance
with the requirements of the Senior Priority Debt Documents and the Second Priority Debt Documents. 
 Accordingly, the Designated Senior
Representative and the New Representative agree as follows: 
 SECTION 1. In accordance with Section 8.09 of the First Lien/Second Lien
Intercreditor Agreement, the New Representative by its signature below becomes a Representative under, and the related Senior Priority Class Debt and Senior Priority Class Debt Parties become subject to and bound by, the First Lien/Second
Lien Intercreditor Agreement with the same force and effect as if the New Representative had originally been named therein as a Representative, and the New Representative, on behalf of itself and such Senior Priority Class Debt Parties, 

 

  
 A-III-1 

 
hereby agrees to all the terms and provisions of the First Lien/Second Lien Intercreditor Agreement applicable to it as a Senior Priority Representative and to the Senior Priority Class Debt
Parties that it represents as Senior Priority Secured Parties. Each reference to a “Representative” or “Senior Priority Representative” in the First Lien/Second Lien Intercreditor Agreement shall be deemed to
include the New Representative. The First Lien/Second Lien Intercreditor Agreement is hereby incorporated herein by reference. 
 SECTION 2.
The New Representative represents and warrants to the Designated Senior Representative and the other Secured Parties that (i) it has full power and authority to enter into this Representative Supplement, in its capacity as [agent] [trustee]
under [describe debt facility], (ii) this Representative Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms of such Agreement
and (iii) the Senior Priority Debt Documents relating to such Senior Priority Class Debt provide that, upon the New Representative’s entry into this Agreement, the Senior Priority Class Debt Parties in respect of such Senior
Priority Class Debt will be subject to and bound by the provisions of the First Lien/Second Lien Intercreditor Agreement as Senior Priority Secured Parties. 

SECTION 3. This Representative Supplement may be executed in counterparts, each of which shall constitute an original, but all of which when
taken together shall constitute a single contract. This Representative Supplement shall become effective when the Designated Senior Representative shall have received a counterpart of this Representative Supplement that bears the signature of the
New Representative. Delivery of an executed signature page to this Representative Supplement by facsimile transmission or other electronic method shall be effective as delivery of a manually signed counterpart of this Representative Supplement. 

SECTION 4. Except as expressly supplemented hereby, the First Lien/Second Lien Intercreditor Agreement shall remain in full force and effect.

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

 SECTION 6. In case any one or more of the provisions contained in this Representative Supplement should be held invalid, illegal or
unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining provisions
contained herein and in the First Lien/Second Lien Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 7. All communications and notices hereunder shall be in writing and given as provided in Section 8.11 of the First Lien/Second
Lien Intercreditor Agreement. All communications and notices hereunder to the New Representative shall be given to it at the address set forth below its signature hereto. 

[SIGNATURE PAGES FOLLOW] 

  
 A-III-2 

 IN WITNESS WHEREOF, the New Representative and the Designated Senior Representative have
duly executed this Representative Supplement to the First Lien/Second Lien Intercreditor Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW REPRESENTATIVE],
	as [        ] for the holders of [         ],

 
			
		
	By:	 	  

		 	Name:
		 	Title:
	
	Address for notices:

 
			
	
	  

	
	attention
of:                                        
                        
	
	Telecopy:                                  
                                  
	
	[         ],
	as Designated Senior Representative,

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-III-3 

			
	Acknowledged by:
	
	[         ]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[         ]
		
	By:	 	  

		 	Name:
		 	Title:
	
	PAE Holding Corporation,
	as the Lead Borrower
		
	By:	 	  

		 	Name:
		 	Title:
	
	Shay Intermediate Holding II Corporation,
	as Holdings
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-III-4

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