Document:

Intercreditor and Collateral Agency Agreement

 Exhibit 4.6 
 EXECUTION VERSION 
 INTERCREDITOR AND COLLATERAL AGENCY AGREEMENT

 dated as of May 28, 2010 
 among 
 AMERICAN TIRE DISTRIBUTORS, INC., 

AMERICAN TIRE DISTRIBUTORS HOLDINGS, INC. 
 and 
 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., 

as Collateral Agent and Trustee 

 TABLE OF CONTENTS* 

 

							
	 	  	 	  	Page	 
		
	 ARTICLE I
 DEFINITIONS
	  			
			
	Section 1.01	  	Definitions	  	 	2	  
	Section 1.02	  	Rules of Interpretation	  	 	8	  
		
	 ARTICLE II
 OBLIGATIONS AND POWERS OF THE COLLATERAL AGENT
	  			
			
	Section 2.01	  	Appointment of the Collateral Agent	  	 	8	  
	Section 2.02	  	Actions under Collateral Documents	  	 	8	  
	Section 2.03	  	Instructions of Directing Creditors	  	 	10	  
	Section 2.04	  	Certain Actions under the Collateral Documents and Intercreditor Agreement	  	 	10	  
	Section 2.05	  	Other Actions by the Collateral Agent	  	 	10	  
	Section 2.06	  	Nature of Duties	  	 	10	  
	Section 2.07	  	No Obligations Imposed	  	 	11	  
	Section 2.08	  	Inspection	  	 	11	  
		
	 ARTICLE III
 ACTIONS BY CREDITORS; VOTING
	  			
			
	Section 3.01	  	Directing Creditors Defined	  	 	11	  
	Section 3.02	  	Exceptional Decisions	  	 	11	  
	Section 3.03	  	Certificates of the Trustee, any Additional Senior Secured Debt Representative and the Swap Representative	  	 	12	  
	Section 3.04	  	Calculations Binding	  	 	12	  
	Section 3.05	  	Directing Creditors Held Harmless	  	 	13	  
	Section 3.06	  	Amendments and Waivers to Finance Documents	  	 	13	  
	Section 3.07	  	Events of Default under the Finance Documents	  	 	13	  
		
	 ARTICLE IV
 EXERCISE OF REMEDIES; APPLICATION OF COLLATERAL PROCEEDS
	  			
			
	Section 4.01	  	General Limitation on Exercise of Remedies	  	 	14	  
	Section 4.02	  	Notices of Acceleration	  	 	14	  
	Section 4.03	  	Remedies	  	 	14	  
	Section 4.04	  	No Inconsistent Actions	  	 	14	  
	Section 4.05	  	Application of Proceeds & Certain Other Intercreditor Arrangements	  	 	14	  
	Section 4.06	  	Sharing of Asset Sale Proceeds and Event of Loss Proceeds	  	 	17	  
	Section 4.07	  	Credit Bid Rights	  	 	18	  

  

	*	The Table of Contents is not a part of the Intercreditor and Collateral Agency Agreement. 

  
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 Table of Contents (cont.) 

 
  

							
	 	  	 	  	Page	 
		
	 ARTICLE V
 CERTAIN OBLIGATIONS ENFORCEABLE BY THE LOAN PARTIES
	  			
			
	Section 5.01	  	Release of Liens	  	 	19	  
	Section 5.02	  	Delivery of Copies to the Trustee, the Swap Representative and the Additional Senior Secured Debt Representative	  	 	19	  
		
	 ARTICLE VI
 THE COLLATERAL AGENT
	  			
			
	Section 6.01	  	No Implied Duty	  	 	19	  
	Section 6.02	  	Appointment of Co-Agents and Sub-Agents	  	 	20	  
	Section 6.03	  	Other Agreements	  	 	20	  
	Section 6.04	  	Solicitation of Instructions	  	 	20	  
	Section 6.05	  	Limitation of Liability	  	 	20	  
	Section 6.06	  	Documents in Satisfactory Form	  	 	20	  
	Section 6.07	  	Entitled to Rely	  	 	20	  
	Section 6.08	  	Events of Default	  	 	21	  
	Section 6.09	  	Actions by Collateral Agent	  	 	21	  
	Section 6.10	  	Security or Indemnity in Favor of the Collateral Agent	  	 	21	  
	Section 6.11	  	Resignation or Removal of the Collateral Agent	  	 	21	  
	Section 6.12	  	Appointment of Successor Collateral Agent	  	 	21	  
	Section 6.13	  	Succession	  	 	21	  
	Section 6.14	  	Indenture Protections	  	 	22	  
		
	 ARTICLE VII
 MISCELLANEOUS
	  			
			
	Section 7.01	  	Amendment	  	 	23	  
	Section 7.02	  	[Reserved]	  	 	23	  
	Section 7.03	  	Successors and Assigns; Additional Trustee or Agent Joinder	  	 	23	  
	Section 7.04	  	Delay and Waiver	  	 	24	  
	Section 7.05	  	Notices	  	 	25	  
	Section 7.06	  	Entire Agreement	  	 	26	  
	Section 7.07	  	Force Majeure	  	 	26	  
	Section 7.08	  	[Reserved]	  	 	26	  
	Section 7.09	  	Obligations Secured	  	 	26	  
	Section 7.10	  	Severability	  	 	26	  
	Section 7.11	  	Governing Law; Jurisdiction Etc.	  	 	26	  
	Section 7.12	  	Waiver of Right to Trial by Jury	  	 	27	  
	Section 7.13	  	Section Titles	  	 	27	  
	Section 7.14	  	Counterparts; Effectiveness	  	 	27	  
	Section 7.15	  	Intercreditor Agreement	  	 	27	  

  

					
	Exhibit A	 	-	  	Form of Joinder Agreement

  
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 INTERCREDITOR AND COLLATERAL AGENCY AGREEMENT 

This Intercreditor and Collateral Agency Agreement (this “Agreement”) is entered into as of May 28, 2010 among
AMERICAN TIRE DISTRIBUTORS, INC., a Delaware corporation (the “Company”), AMERICAN TIRE DISTRIBUTORS HOLDINGS, INC., a Delaware corporation (“Holdings”), THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as
Collateral Agent (“Bank of New York” and, together with its successor or successors in such capacity, the “Collateral Agent”), and as Trustee for the Noteholders under the Indenture (each as defined below) (together
with its successor or successors in such capacity, the “Trustee”). 
 The Company is issuing 9.75% Senior
Secured Notes due 2017 (together with any Exchange Notes (as defined in the Indenture) with respect thereto the “Initial Senior Secured Notes”) pursuant to an Indenture, dated as of the date hereof (as amended, restated,
supplemented or modified from time to time and including any one or more indentures or agreements extending the maturity of, refinancing or otherwise restructuring all or any portion of the obligations of the Company under such Indenture or any
successor indenture, indentures, agreement or agreements, as the case may be, the “Indenture”) among the Company, Holdings, the Subsidiary Guarantors (as defined below), the Trustee and the other agents from time to time party
thereto. 
 The obligations of the Company under and in respect of the Senior Secured Notes (as defined below) are and will be,
as the case may be, and in respect of certain other Finance Obligations (as defined below) may be guaranteed by Holdings and certain material direct and indirect wholly-owned domestic subsidiaries of the Company (the “Subsidiary
Guarantors”). The Company, Holdings and the Subsidiary Guarantors are herein referred to individually as a “Loan Party” and, collectively, as the “Loan Parties.” The obligations of the Company and the other
Loan Parties in respect of the Senior Secured Notes and, as the case may be, the other Finance Obligations are and will be secured by a security interest in the Collateral (as defined below). 

Without providing any commitments to any Loan Party as to the funding of future indebtedness, the Indenture permits the Company and other
Loan Parties from time to time to incur indebtedness which they are otherwise permitted to incur under the Indenture, including but not limited to (i) indebtedness in the form of additional senior secured notes issued under the Indenture (such
notes together with any Exchange Notes with respect thereto being herein collectively referred to herein as the “Additional Senior Secured Notes” and, together with the Initial Senior Secured Notes, the “Senior Secured
Notes”) and (ii) indebtedness in the form of Additional Senior Secured Debt (as defined below), and, in each case, to secure such Additional Senior Secured Debt (as defined below) equally and ratably with the other Finance Obligations;
provided that the issuance of any Additional Senior Secured Notes and Additional Senior Secured Debt is subject to the limitations set forth in the Indenture. 
 This Agreement sets forth the terms on which the Collateral Agent has undertaken to accept, hold and enforce the security interests described above and all related rights, interests and powers as agent
for, and for the benefit exclusively of, the present and future holders of the Senior Secured Notes, Swap Creditors (as defined below) and Additional Senior Secured Debt Holders and describes the relative rights and obligations of the Collateral
Agent on behalf of the Noteholders, the Swap Representative (as defined below) on behalf of one or more Swap Creditors and the Additional Senior Secured Debt Representative on behalf of the Additional Senior Secured Debt Holders with respect to the
Collateral. 
 Accordingly, in consideration of the mutual agreements set forth herein, the Company, the Collateral Agent and
the Trustee hereby agree as follows: 

 ARTICLE I 
 DEFINITIONS 
 Section 1.01 Definitions. Capitalized
terms defined in the introductory paragraphs hereof have the respective meanings provided for therein. In addition, as used in this Agreement, the following terms have the following meanings: 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control
with”), as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by
agreement or otherwise. 
 “Additional Senior Secured Debt” means any additional obligations which satisfy all
of the conditions set forth in the following clauses: (i) such obligations are incurred by the Company in compliance with the Indenture and any other Additional Senior Secured Debt Agreement; (ii) such obligations are secured in compliance
with the Indenture and any other Additional Senior Secured Debt Agreement; (iii) such obligations are designated by the Company pursuant to Section 7.03(d) hereof as “Additional Senior Secured Debt” hereunder and
(iv) the applicable Additional Senior Secured Debt Representative thereunder shall have executed a Joinder pursuant to Section 7.03(e) hereof. In no event shall any Swap Agreement or obligations thereunder constitute Additional
Senior Secured Debt. 
 “Additional Senior Secured Debt Agreement” means any credit agreement, loan agreement,
note agreement, promissory note, indenture or other agreement or instrument evidencing or governing the terms of any Indebtedness or other financial accommodation which constitutes Additional Senior Secured Debt under this Agreement. 

“Additional Senior Secured Debt Documents” means any agreements, indentures, collateral documents and all other
documents and instruments entered into in connection with any Additional Senior Secured Debt, in each case as the same may be amended, modified or supplemented from time to time in accordance with the provisions thereof. 

“Additional Senior Secured Debt Holders” means the holders from time to time of the Additional Senior Secured Debt.

 “Additional Senior Secured Debt Representative” means any Person designated by the Company pursuant to
Section 7.03(e) as an “Additional Senior Secured Debt Representative” for any Additional Senior Secured Debt, and any successor Additional Senior Secured Debt Representative appointed under the Additional Senior Secured Debt
Documents for such Additional Senior Secured Debt. 
 “Aggregate Voting Credit” means at any date the sum of
the aggregate outstanding principal amount of the Notes Priority Lien Debt Obligations; provided that after the date on which all Notes Priority Lien Debt Obligations have been paid in full and all commitments (if any) with respect thereto
have been terminated, the “Aggregate Voting Credit” means the aggregate amount of all Secured Swap Obligations (valued at their then Swap Termination Value) of all Loan Parties permitted under the Indenture owed or owing to one or
more Swap Creditors. Noteholders or Swap Creditors that are Affiliates of the Company or any of its Subsidiaries and any Senior Secured Notes or Secured Swap Obligations held by any such Noteholder or Swap Creditor that are affiliates of the Company
shall not be included in the determination of the Aggregate Voting Credit. For purposes of the definition of 

  
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“Directing Creditors,” the Aggregate Voting Credit shall include only those Credit Classes otherwise entitled to be included therein that are affected by an event or circumstance that
gave rise to the action of such Directing Creditors. 
 “Agreement” means this Intercreditor and Collateral
Agency Agreement, as amended, modified or supplemented from time to time. 
 “Business Day” means each day
which is not a Legal Holiday. 
 “Collateral” means all of the property which is subject to, or is purported to
be subject to, the Liens granted by the Collateral Documents. 
 “Collateral Agent” means The Bank of New York
Mellon Trust Company, N.A., as collateral agent, and its successor or successors in such capacity. 
 “Collateral
Documents” means, collectively, this Agreement, the Security Agreement, the Intercreditor Agreement, any mortgage or deed of trust and all other pledges, agreements, financing statements, filings or other documents that grant or evidence
the Lien in the Collateral in favor of the Collateral Agent for the benefit of the Finance Parties, as they may be amended from time to time. 
 “Credit Class” means (i) the Noteholders (as defined below), (ii) the Additional Senior Secured Debt Holders or (iii) the Swap Creditors, as the context may require.

 “Creditor” means any Noteholder, Additional Senior Secured Debt Holder and Swap Creditor, and
“Creditors” means two or more of them, collectively. 
 “Current Market Price” has the meaning
set forth in Section 4.05(g)(1). 
 “Debtor Relief Laws” means Title 11, United States Bankruptcy
Code of 1978, as amended (the “Bankruptcy Code”), or any similar United States federal or state law or foreign law relating to bankruptcy, insolvency, receivership, winding up, liquidation, reorganization or relief of debtors or any
amendment to, succession to or change in any such law. 
 “Directing Creditors” means (i) with respect to
any matters described in Section 3.07, at any time Creditors holding more than 25% of the then outstanding Aggregate Voting Credit (including, without limitation, holders providing consents obtained in connection with a tender offer or
exchange offer for, or purchase of, Notes Priority Lien Debt Obligations) and (ii) with respect to any other matters, at any time Creditors holding more than 50% of the then outstanding Aggregate Voting Credit (including, without limitation,
holders providing consents obtained in connection with a tender offer or exchange offer for, or purchase of, Notes Priority Lien Debt Obligations). 
 “equally and ratably” means, in reference to sharing of any Liens or proceeds thereof as among the Credit Classes, that such Liens or proceeds shall be allocated and distributed to the
Trustee for the account of the Noteholders, to the respective Additional Senior Secured Debt Representative for the account of any Additional Senior Secured Debt Holder and to the Swap Representative for the account of the Swap Creditors on a
pro-rata basis, as provided in the definition of “pro-rata basis” and in Section 4.05 (it being understood that nothing in this definition is intended to modify the order of priorities specified in
Section 4.05). 
 “Environmental Laws” means all applicable laws, rules, regulations, codes,
ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into 

  
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by any Governmental Authority, relating to the protection of the environment, the preservation or reclamation of natural resources, the management, transportation, disposal, release or threatened
release of any Hazardous Material or to health and safety matters (to the extent related to the exposure to any Hazardous Material). 
 “Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Company or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials,
(c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement in writing pursuant to which liability is
assumed or imposed with respect to any of the foregoing. 
 “Event of Default” means an “Event of
Default” as defined in any of (i) the Indenture or (ii) an Additional Senior Secured Debt Agreement. 

“Exceptional Decisions” has the meaning set forth in Section 3.02. 

“Finance Document” means each Note Document, each Swap Agreement between one or more Loan Parties and a Swap Creditor
evidencing Secured Swap Obligations permitted under the Indenture, each Additional Senior Secured Debt Document and this Agreement, and “Finance Documents” means any two or more of them, collectively. 

“Finance Obligations” means: 
 (i) all Notes Priority Lien Debt Obligations; and 
 (ii) all
Secured Swap Obligations of all Loan Parties permitted under the Indenture and other applicable Additional Senior Secured Debt Document, owed or owing to one or more Swap Creditors; 
 in each case whether now or hereafter due, owing or incurred in any manner, whether actual or contingent, whether incurred solely or jointly with any other person and whether as principal or surety,
together in each case with all renewals, modifications, refinancings, replacements, consolidations or extensions thereof. 

“Finance Party” means any of the Collateral Agent, the Trustee, any Noteholder, any Additional Senior Secured Debt
Representative, any Additional Senior Secured Debt Holder, any Swap Creditor and any Indemnitee and “Finance Parties” means two or more of them collectively. 
 “Governmental Authority” means the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority,
instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government. 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances,
wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated
pursuant to any Environmental Law. 
 “Independent Financial Expert” has the meaning set forth in
Section 4.05(g)(2). 

  
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 “Insolvency Proceeding” means (i) any voluntary or involuntary case or
proceeding under any Debtor Relief Law with respect to any Loan Party, (ii) any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar case
or proceeding, with respect to any Loan Party or with respect to any of their respective assets, (iii) any liquidation, dissolution, reorganization or winding up of any Loan Party, whether voluntary or involuntary and whether or not involving
insolvency or bankruptcy and (iv) any assignment for the benefit of creditors or any other marshaling of assets and liabilities of any Loan Party. 
 “Intercreditor Agreement” means the Lien Subordination and Intercreditor Agreement, dated as of May 28, 2010, among Bank of America, N.A., as collateral agent for the ABL Secured
Parties referred to therein (in such capacity, the “ABL Collateral Agent”), Bank of New York as collateral agent for the Priority Lien Debt Secured Parties referred to therein, Holdings, the Company and the subsidiaries of the
Company named therein (as amended, restated, supplemented or modified from time to time). 
 “Joinder” has the
meaning set forth in Section 7.03(d). 
 “Lien” means, with respect to any asset, any mortgage,
lien (statutory or otherwise), pledge, hypothecation, charge, security interest, preference, priority or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any
conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial
Code (or equivalent statutes) of any jurisdiction; provided that in no event shall an operating lease be deemed to constitute a Lien. 
 “Marketable Security” has the meaning set forth in Section 4.05(g)(1). 
 “Non-Cash Property” has the meaning set forth in Section 4.05(g). 
 “Note Documents” means the Indenture, the Senior Secured Notes and the Registration Rights Agreements (as defined in the Indenture) related thereto and the Collateral Documents, in each
case including all exhibits and schedules thereto, and all other agreements, documents and instruments relating to the Senior Secured Notes, in each case as the same may be amended, modified or supplemented from time to time in accordance with the
provisions thereof. 
 “Noteholders” means the holders from time to time of the Senior Secured Notes.

 “Notes Priority Lien Debt Obligations” means, without duplication: 

(i) all principal of and interest (including, without limitation, any interest which accrues after the commencement of any
proceeding under any Insolvency Proceeding with respect to any Loan Party, whether or not allowed or allowable as a claim in any such proceeding) on any Senior Secured Note or Additional Senior Secured Debt; 

(ii) all fees, expenses, indemnification obligations and other amounts of whatever nature now or hereafter payable by any
Loan Party (including, without limitation, any amounts which accrue after the commencement of any proceeding under any Insolvency Proceeding with respect to any Loan Party, whether or not allowed or allowable as a claim in any such proceeding)
pursuant to the Indenture, the Senior Secured Notes, any Additional Senior Secured Debt Agreement, the Intercreditor Agreement or any Collateral Document; 

  
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 (iii) all expenses of the Trustee or the Collateral Agent as to which one or
more of such agents has a right to reimbursement under the Indenture, any Additional Senior Secured Debt Agreement or under any other similar provision of any Collateral Document or the Intercreditor Agreement, including, without limitation, any and
all sums advanced by the Collateral Agent to preserve the Collateral or its security interest in the Collateral; and 
 (iv) all amounts now or hereafter payable by the Loan Parties and all other obligations or liabilities now existing or hereafter arising or incurred (including, without limitation, any amounts which
accrue after the commencement of any Insolvency Proceeding with respect to any Loan Party, whether or not allowed or allowable as a claim in any such proceeding) on the part of such Loan Party pursuant to the Indenture, the Senior Secured Notes, any
Additional Senior Secured Debt Agreement, the Intercreditor Agreement, any Collateral Document or any Guarantee (as defined in the Indenture) contained in the Indenture; 
 together in each case with all renewals, modifications, refinancings, consolidations or extensions thereof. 
 “Notice of Acceleration” has the meaning set forth in Section 4.02. 
 “Notice of Consent” has the meaning set forth in Section 3.06(d). 
 “Notice of Exercise of Remedies” has the meaning set forth in Section 3.07(b). 
 “Officer’s Certificate” has the meaning set forth in Section 5.01. 
 “Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, governmental authority or other entity. 

“Proceeds” has the meaning specified for such term in the Uniform Commercial Code as in effect from time to time in the
State of New York. 
 “pro-rata” means at any date, as among the Noteholders, the Additional Senior Secured
Debt Holders and the Swap Creditors, in proportion to the then aggregate outstanding amounts of (i) principal outstanding under the Notes, (ii) principal outstanding under any Additional Senior Secured Debt and (iii) Secured Swap
Obligations (valued at the then Swap Termination Value of all related Swap Agreements) (it being understood that nothing in this definition is intended to modify the order of priorities specified in Section 4.05). 

“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective
directors, officers, employees, agents, advisors, other representatives and controlling persons of such Person and such Person’s Affiliates. 
 “Responsible Officer” means the chief executive officer, president, chief financial officer, treasurer or assistant treasurer or secretary or assistant secretary of a Loan Party. Any
document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such
Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 
 “Secured Swap
Obligations” means all obligations (including, without limitation, any amounts which accrue after the commencement of any bankruptcy or insolvency proceeding with respect to such Person, whether or not allowed or allowable as a claim under
any proceeding under any Debtor 

  
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Relief Law, but excluding any amounts which such Person is entitled to set-off against its obligations under applicable law) of any Loan Party in respect of any Swap Agreement that satisfy the
conditions set forth in the following clauses; (i) such Swap Agreement and the obligations thereunder are incurred by the Company in compliance with the Indenture and any other Additional Senior Secured Debt Agreement; (ii) such Swap
Agreement and the obligations thereunder are secured in compliance with the Indenture and any other Additional Senior Secured Debt Agreement; (iii) such Swap Agreement and obligations thereunder are designated by the Company pursuant to
Section 7.03(d) hereof as “Secured Swap Obligations; and (iv) the applicable Swap Creditor shall have executed and delivered a Sharing Confirmation pursuant to Section 7.03(e) hereof. 

“Security Agreement” means the Security Agreement dated as of the date hereof among the Loan Parties and the Collateral
Agent, pursuant to which the Loan Parties grant security interests to the Collateral Agent on behalf of the other Finance Parties in order to secure the Finance Obligations, as the same may be amended, modified or supplemented from time to time.

 “Sharing Confirmation” means, as to any Swap Agreement, the written agreement of the related Swap Creditor
as set forth in such Swap Agreement, for the enforceable benefit of the Collateral Agent, the Additional Senior Secured Debt Representative, the applicable Swap Representative and the Trustee, that: (i) all Finance Obligations shall be and are
secured equally and ratably by all Liens at any time granted by the Loan Parties to secure any Finance Obligations, whether or not upon property otherwise constituting Collateral; (ii) all such Liens shall be enforceable by the Collateral Agent
for all holders of Finance Obligations equally and ratably (subject to Section 4.05); (iii) such Swap Creditor (and the Swap Representative appointed thereby) consents to and will be bound by the provisions of this Agreement
relating to the order of application of proceeds from enforcement of the Collateral Agent’s Liens upon the Collateral; (iv) such Swap Creditor (and the Swap Representative appointed thereby) consents to and directs the Collateral Agent to
perform its obligations under this Agreement; (v) such Swap Creditor agrees to appoint or consent to the appointment of a single Swap Representative for all Swap Creditors from time to time outstanding selected by the holders of more than 50%
of the aggregate Secured Swap Obligations (valued at their then Swap Termination Values) at the time such Swap Representative is selected and (vi) such Swap Creditor will notify the Swap Representative if an Early Termination Date (a
“Swap Termination Date”) occurs under one or more of its Swap Agreements or Secured Swap Obligations resulting from (A) any event of default under such Swap Agreement or Swap Obligation as to which any Loan Party is the
Defaulting Party (as defined in such Swap Agreement or Swap Obligation) or (B) any Termination Event (as so defined) as to which any Loan Party is the | Affected Party (as so defined). 

“Subsidiary” has the meaning set forth in the Indenture. 

“Swap Agreement” means any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement,
commodity swap agreement, commodity cap agreement, commodity collar agreement, foreign exchange contract, currency swap agreement, equity derivative agreement or similar agreement providing for the transfer or mitigation of interest rate, currency,
commodity or equity risks either generally or under specific contingencies. 
 “Swap Creditor” means any Person
from time to time party to one or more Swap Agreements and each of its successors and assigns, and “Swap Creditors” means any two or more of such Swap Creditors, collectively. 

“Swap Representative” means, with respect to one or more Swap Creditors, its or their trustee, paying agent or other
similar representative appointed pursuant to a Sharing Confirmation. 

  
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 “Swap Termination Date” has the meaning set forth in the definition of
“Sharing Confirmation” in this Section 1.01. 
 “Swap Termination Value” means, in
respect of any one or more Swap Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Agreements, (i) for any date on or after the date such Swap Agreements have been closed out and
termination value(s) determined in accordance therewith, such termination value(s), and (ii) for any date prior to the date referenced in clause (i), the amount(s) determined as the mark-to-market value(s) for such Swap Agreements, as
determined by the Swap Creditors in accordance with the terms thereof and in accordance with customary methods for calculating mark-to-market values under similar arrangements by the Swap Creditors. 

“Threshold Amount” means the Dollar amount set forth in Section 6.01(d)(ii) of the Indenture. 

“Trust Indenture Act” means Trust Indenture Act of 1939, as amended, and rules and regulations promulgated thereunder
and interpretations thereof. 
 “Uniform Commercial Code” or “UCC” mean the Uniform Commercial
Code as in effect from time to time in the State of New York; provided that if by reason of mandatory provisions of law, the perfection, the effect of perfection or non-perfection or the priority of a Lien in any Collateral is governed by the
Uniform Commercial Code as in effect in a jurisdiction other than New York, “UCC” means the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of
perfection or non-perfection or priority. 
 “Value Report” has the meaning set forth in
Section 4.05(g)(2). 
 Section 1.02 Rules of Interpretation. Terms defined in the introductory
paragraphs hereof and the definitions in Section 1.01 shall apply equally to both the singular and plural forms of the terms defined. Wherever the context may require, any pronouns shall include the corresponding masculine, feminine and
neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. All references herein to Articles, Sections, Exhibits and Schedules shall be
deemed references to Articles and Sections of, and Exhibits and Schedules to, this Agreement unless otherwise stated herein or the context shall otherwise require. Unless otherwise expressly provided herein, the word “day” means a calendar
day. 
 ARTICLE II 
 OBLIGATIONS AND POWERS OF THE COLLATERAL AGENT 
 Section 2.01
Appointment of the Collateral Agent. The Collateral Agent is hereby appointed by the Trustee as collateral agent hereunder, and the Collateral Agent hereby agrees to act as Collateral Agent pursuant to the terms of this Agreement. The
Trustee on behalf of itself and the Noteholders, hereby (i) confirms, approves and ratifies the Collateral Agent’s entry into the Security Agreement and any other Collateral Documents as have been entered into or otherwise effectuated
until the date hereof and all actions that have been taken in connection therewith and (ii) directs the Collateral Agent to enter into such Collateral Documents as may be necessary or advisable to enter into on or after the date hereof.

 Section 2.02 Actions under Collateral Documents. The Collateral Agent hereby irrevocably undertakes and
agrees, on the terms and conditions set forth in this Agreement, to act as agent for the benefit exclusively of the present and future Noteholders, Additional Senior Secured Debt 

  
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Holders, Swap Creditors and any other holders from time to time of the Finance Obligations and in such capacity to accept, hold, administer and enforce all collateral security at any time
delivered to it by any Loan Party as security for the Finance Obligations and all rights, interests and powers at any time granted or enforceable in respect of such collateral security under the Collateral Documents or applicable law. Without
limiting the generality of the foregoing, the Collateral Agent agrees that it will, as agent for the benefit exclusively of the present and future Noteholders, Additional Senior Secured Debt Holders, Swap Creditors and the other holders from time to
time of the Finance Obligations, but subject to the terms and conditions hereof: 
 (i) enter into the Collateral
Documents, receive, hold, administer and enforce the security interests granted to it thereunder, perform its obligations thereunder and protect, exercise and enforce the interests, rights, powers and remedies granted or available to it thereunder
or pursuant thereto or in connection therewith; 
 (ii) comply with the obligations of the Collateral Agent as
the Notes Collateral Agent under the Intercreditor Agreement (as defined therein), 
 (iii) take all lawful and
commercially reasonable actions that it may deem necessary or advisable to protect or preserve its interest in the Collateral; 
 (iv) comply with all provisions of the Collateral Documents; 
 (v)
deliver and receive notices pursuant to the Collateral Documents and this Agreement; 
 (vi) sell, assign,
collect, assemble, foreclose on, institute legal proceedings with respect to, or otherwise exercise or enforce the rights and remedies of a secured party (including a mortgagee, trust deed beneficiary and insurance beneficiary or loss payee) with
respect to the Collateral and its other interests, rights, powers and remedies; 
 (vii) remit to the Trustee,
any Additional Senior Secured Debt Representative and the Swap Representative as required by Section 4.05 all cash proceeds received by the Collateral Agent from the collection, foreclosure or enforcement of its interest in the
Collateral or any of its other interests, rights, powers or remedies; 
 (viii) subject to
Section 3.02 and Section 7.01(b), amend the Collateral Documents as from time to time authorized and directed by the Directing Creditors, and amend the Collateral Documents as required by Section 3.02(d); and

 (ix) release any Lien granted to it by any Collateral Document upon any Collateral if and as required by
Section 2.04 and Section 5.01. 
 The Collateral Agent is irrevocably authorized and empowered to enter
into and perform its obligations under, and to protect, perfect, exercise and enforce its interest, rights, powers and remedies, in each case under and pursuant to, the Collateral Documents and applicable law and to act as set forth in this
Article II or as requested in any lawful directions given to it from time to time in respect of any matter by the Directing Creditors. 
 The Loan Parties acknowledge and consent to the undertakings of the Collateral Agent set forth in this Article II, and agree to each of the other provisions of this Agreement applicable to them.

  
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 Section 2.03 Instructions of Directing Creditors. Subject to the terms
and conditions of this Agreement, the Collateral Agent shall follow the instructions of the Directing Creditors from time to time conveyed to it by the representative or representatives of one or more Credit Classes pursuant to this Agreement,
subject to and consistent with the Collateral Agent’s rights and obligations expressed in the Collateral Documents and in accordance with applicable law. The Noteholders’ representative for purposes of delivering notices and instructions
to the Collateral Agent shall be the Trustee, each Additional Senior Secured Debt Holder’s representative for purposes of delivering notices and instructions to the Collateral Agent shall be the applicable Additional Senior Secured Debt
Representative and each Swap Creditor’s representative for purposes of delivering notices and instructions to the Collateral Agent shall be the Swap Representative. The Collateral Agent shall disregard notices and instructions from any other
Person in respect of the applicable Credit Class. No direction given to the Collateral Agent (whether given by the Directing Creditors through the representative or representatives of the applicable Credit Classes or by the Trustee, any Additional
Senior Secured Debt Representative or the Swap Representative or otherwise by any Person) which imposes, or purports to impose, upon the Collateral Agent any obligation not set forth in this Agreement or any other Collateral Document shall be
binding upon the Collateral Agent unless the Collateral Agent elects, at its sole option, to accept direction (i) pursuant to the instructions of the Directing Creditors or (ii) from the Trustee or any Additional Senior Secured Debt
Representative and, after the date on which all Notes Priority Lien Debt Obligations have been paid in full and all commitments (if any) with respect thereto have been terminated, the Swap Representative, as required or permitted by the Indenture,
any Additional Senior Secured Debt Agreement and the Swap Agreements. No instruction of the Directing Creditors shall be effective to impose any obligation or liability upon the Trustee or the Swap Representative, as applicable, unless it is a
signatory party thereto. 
 Section 2.04 Certain Actions under the Collateral Documents and Intercreditor
Agreement. Without limiting the provisions of Section 2.02, the Collateral Agent is hereby authorized and directed, and agrees for the benefit of the Loan Parties, without notice to or consent from any Creditor: (i) to
release (upon receipt of a written certification of a Responsible Officer of the Company that the Trustee has received all documents, if any, required by the Trust Indenture Act and the Indenture) one or more Loan Parties from their obligations
under, and the Liens of, the Collateral Documents, and to release the Collateral or any portion thereof, as required by Section 7.15 of the Security Agreement and Section 2.05 of the Intercreditor Agreement and such other
pertinent provision of any Finance Document; (ii) to receive or execute perfection certificates, control agreements and other Loan Party deliverables as contemplated by the Collateral Documents; and (iii) to deliver such instruments as may
be required from time to time to enable each Loan Party to exercise the voting and other rights which it is entitled to exercise under the Security Agreement and other Collateral Documents. 

Section 2.05 Other Actions by the Collateral Agent. The Collateral Agent shall provide the Trustee, each Additional
Senior Secured Debt Representative and the Swap Representative requesting the same with a copy of all notices received from the Loan Parties under the Collateral Documents and from the ABL Collateral Agent under the Intercreditor Agreement (as
defined therein). The Loan Parties shall timely file Uniform Commercial Code continuation statements to continue the perfection of the security interests under the Collateral Documents. During any period when the Collateral Agent is exercising
remedies against any Loan Party or the Collateral, the Collateral Agent shall furnish the Trustee, each Additional Senior Secured Debt Representative and the Swap Representative requesting the same with reports of its activities in connection
therewith upon the occurrence of significant events and upon the request of the Trustee or the Swap Representative. 

Section 2.06 Nature of Duties. Except to the extent otherwise provided in Section 2.05, the duties of the
Collateral Agent hereunder and under the Collateral Documents shall be ministerial and administrative in nature. The Collateral Agent shall not have by reason of this Agreement or the 

  
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 (a) Amendment of Collateral Documents. The Collateral Agent shall not agree to
any amendment of the Collateral Documents (other than this Agreement or the Intercreditor Agreement) except upon instructions given by the applicable Credit Class subject to such Collateral Document; provided that no agreement of any Creditor
or notice of the concurrence of any Credit Class shall be required for (A) any amendment, modification or supplement to such Collateral Documents (1) to cure any ambiguity, typographical error, defect or inconsistency or (2) pursuant
to Section 9.01 of the Indenture (or such other pertinent provisions of any other Finance Document) or (B) such amendments to financing statements or such other Collateral Documents as are necessary for the Collateral Agent to comply with
Section 2.02(iii); and, provided, further, that (i) any amendment to the provisions of this Agreement shall be governed by Section 3.02(b); (ii) any amendment to the provisions of the Collateral
Documents that releases any Collateral shall be governed by Section 3.02(c); and (iii) certain other amendments to the provisions of the Collateral Documents shall be governed by Section 3.02(d). 

(b) Amendment of this Agreement and the Intercreditor Agreement. The Collateral Agent shall not agree to any amendment of
this Agreement nor the Intercreditor Agreement except upon instructions by the representative of each Credit Class affected thereby and at the time comprising part of the Aggregate Voting Credit of the concurrence of such Credit Class, determined by
the applicable vote solely within such Credit Class in accordance with the first paragraph of Section 9.02 of the Indenture (or such other pertinent provisions of any other Finance Document); provided that no agreement of any Creditor
nor notice of the concurrence of any Credit Class shall be required for any amendment, modification or supplement to this Agreement (x) to cure any ambiguity, typographical error, defect or inconsistency or (y) pursuant to
Section 9.01 of the Indenture (or such other pertinent provisions of any other Finance Document); and, provided, further, that any amendment to the definitions of “Aggregate Voting Credit” and “Directing
Creditors” and any amendment to Sections 3.01, 3.02, 4.06, 4.07 and 7.01 will require notice to the Collateral Agent by the representative of each Credit Class at the time comprising part of the Aggregate
Voting Credit of the concurrence of such Credit Class, determined by the applicable vote solely within such Credit Class. 
 (c)
Release of All or Substantially All Collateral. The Collateral Agent shall not release all or substantially all Collateral from the lien and security interests created by the Collateral Documents except upon notice to the Collateral
Agent by the representative of each Credit Class at the time comprising part of the Aggregate Voting Credit of the concurrence of such Credit Class, determined by the applicable vote solely within such Credit Class in accordance with
Section 9.02(k) of the Indenture (or such other pertinent provisions of any other Finance Document). 
 (d) Other
Amendments to Collateral Documents. Subject to Section 7.01(b), the Collateral Agent agrees for the benefit of the Loan Parties that it shall execute any amendment, modification or supplement to any Collateral Document approved
in accordance with Article IX of the Indenture. 
 Section 3.03 Certificates of the Trustee, any Additional Senior
Secured Debt Representative and the Swap Representative. Concurrently with any calculation of Directing Creditors or any Exceptional Decision requiring the concurrence of all Credit Classes then comprising part of the Aggregate Voting
Credit, the Trustee, each Additional Senior Secured Debt Representative and, following the payment in full of all Notes Priority Lien Debt Obligations, the Swap Representative shall certify to the Collateral Agent (i) the aggregate principal
amount of the Aggregate Voting Credit held by the Noteholders, the Additional Debt Holders or the Swap Creditors, as the case may be, and (ii) the votes cast by the members of the applicable Credit Class. 

Section 3.04 Calculations Binding. All calculations regarding satisfaction of compliance with the definition of the
Directing Creditors shall be made by the Collateral Agent upon receipt of and in exclusive reliance upon the certificates described in Section 3.03, and shall be binding upon each Credit Class. 

  
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 Section 3.05 Directing Creditors Held Harmless. In considering how to
pursue creditor remedies against any Loan Party or against the Collateral and before initiating any such creditor remedies, the Directing Creditors (or any other requisite percentage of a Credit Class having an instructional authority pursuant to
this Agreement or any other Finance Document) shall first determine whether any proposed creditor remedies or other actions create a risk that the remaining interests of the Noteholders, the Additional Senior Secured Debt Holders or the Swap
Creditors (including, without limitation, the right to seek a deficiency judgment against the Loan Parties or the right to pursue other collateral) will be impaired or prejudiced. To the greatest extent possible, all instructions given or actions
taken concerning the exercise of creditor remedies or other actions under this Agreement shall attempt to maximize the return for all Creditors and attempt to minimize (to the greatest extent possible) the risk that the rights and interests of some
of the Creditors (including, without limitation, the ability to seek and enforce a deficiency judgment against any Loan Party or the right to pursue other collateral) may be diminished or impaired following the exercise of such creditor remedies or
actions. Each Creditor agrees that it shall not provide or cause or vote to be provided any instruction to the Collateral Agent which would cause or result in disproportionate prejudice or impairment to the other Creditors hereunder, except in
situations where such Creditor is a part of a Credit Class allowed to vote separately from other Credit Classes, in which case it shall not provide or cause or vote to be provided any instruction to the Collateral Agent which would cause or result
in disproportionate prejudice or impairment to the other Creditors belonging to its Credit Class. However, subject to the previous sentence, the Directing Creditors shall be entitled to provide any instruction and take any action which they in good
faith believe is in the interest of, the Noteholders, the Additional Senior Secured Debt Holders and the Swap Creditors. 

Section 3.06 Amendments and Waivers to Finance Documents. The Trustee shall, as soon as reasonably practicable, notify
the Collateral Agent if it receives notice of a proposed amendment or waiver of an Event of Default under the Note Documents. The Additional Senior Secured Debt Representatives shall, as soon as reasonably practicable, notify the Collateral Agent if
it receives notice of a proposed amendment or waiver of an Event of Default under any Additional Senior Secured Debt Agreement. 

Section 3.07 Events of Default under the Finance Documents. 

(a) Notices of Events of Default. The Trustee shall notify the Collateral Agent (with a copy to the Additional Senior Secured Debt
Representatives) if an Event of Default has occurred under the Indenture of which it has actual knowledge and of the forbearance, waiver or other termination, if any, of such Event of Default. Each Additional Senior Secured Debt Representative shall
notify the Collateral Agent (with a copy to the Trustee) if an Event of Default has occurred under an Additional Senior Secured Debt Agreement of which it has actual knowledge and of the forbearance, waiver or other termination, if any, of such
Event of Default. The Swap Representative shall notify the Collateral Agent (with a copy to the Trustee and the Additional Senior Secured Debt Representatives) if it receives notice from one or more Swap Creditors that one or more Swap Termination
Dates or Termination Events have occurred and of the forbearance, waiver or other termination, if any, of such Swap Termination Date or Termination Event. 
 (b) Exercise of Remedies upon Event of Default. None of the Trustee, any Additional Senior Secured Debt Representative nor any Swap Representative shall, upon the occurrence of an Event of Default
or a Termination Event under the applicable Finance Document, exercise any remedies against the Collateral, unless it shall have received a Notice of Exercise of Remedies from the Collateral Agent confirming that the Directing Creditors consent to
such exercise of such remedies. The 

  
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Collateral Agent shall determine whether the Directing Creditors shall have approved such exercise of such remedies. Any calculation of Directing Creditors for purposes of this
Section 3.07(b), shall be made by the Collateral Agent upon receipt of and in exclusive reliance upon the certificates described in Section 3.03, and shall be binding on each Credit Class. Upon the calculation of Directing
Creditors, the Collateral Agent shall notify (such notification, a “Notice of Exercise of Remedies”) each of the Trustee, each Additional Senior Secured Debt Representative and each Swap Representative whether the Directing
Creditors approved a Notice of Exercise of Remedies or denied the proposed exercise of such remedies. Upon receipt of such Notice of Exercise of Remedies, the Trustee, any Additional Senior Secured Debt Representative and each Swap Representative,
as applicable, hereby authorize the Collateral Agent to take such action as is required or permitted by such Notice of Exercise of Remedies to give effect thereto in accordance with this Agreement and applicable Finance Documents. Nothing contained
herein shall affect the rights of any holders of any Notes Priority Lien Debt Obligations and their respective representatives to accelerate the applicable Notes Priority Lien Debt Obligations under their respective Finance Documents. 

ARTICLE IV 

EXERCISE OF REMEDIES; APPLICATION OF COLLATERAL PROCEEDS 
 Section 4.01 General Limitation on Exercise of Remedies. None of the Trustee, any Additional Senior Secured Debt Representative or the Swap Representative shall be entitled to exercise
any remedies directly under the Collateral Documents, but only by providing instructions to the Collateral Agent in accordance with this Agreement. 
 Section 4.02 Notices of Acceleration. If (i) an Event of Default occurs and any Notes Priority Lien Debt Obligations are accelerated or (ii) one or more Swap Termination Dates
occur and the aggregate Swap Termination Value under the applicable Swap Agreement as to which such Swap Termination Dates have occurred owed by one or more Loan Parties as a result thereof is greater than the Threshold Amount, the Trustee, the
Additional Senior Secured Debt Representative and/or the Swap Representative, as the case may be, shall notify each other and the Collateral Agent of such acceleration or the occurrence of such Swap Termination Dates, as applicable, certifying:
(i) that such acceleration or Swap Termination Dates has or have occurred and (ii) the principal, interest, fees and other amounts owed by the Loan Parties (such certification being herein referred to as a “Notice of
Acceleration”). 
 Section 4.03 Remedies. Upon receipt by the Collateral Agent of a Notice of
Acceleration from or on behalf of one or more Credit Classes, or upon receipt by the Collateral Agent of notice of the commencement by or against one or more Loan Parties of an Insolvency Proceeding and subject to the provisions of this Agreement,
including Section 6.10, the Collateral Agent shall retain legal counsel acceptable to the Trustee, each Additional Senior Secured Debt Representative and the Swap Representative, and shall exercise such remedies under the Collateral
Documents as it shall be instructed by the Directing Creditors. 
 Section 4.04 No Inconsistent Actions. Each
of the Trustee, each Additional Senior Secured Debt Representative and the Swap Representative agree to take no action in an Insolvency Proceeding with respect to any Loan Party or the Collateral which is inconsistent with the terms of this
Agreement. 
 Section 4.05 Application of Proceeds & Certain Other Intercreditor Arrangements.

 (a) Priority. In the event of (i) the realization of Proceeds of any collection or disposition of Collateral
pursuant to the exercise of remedies under the Collateral Documents, or (ii) receipt by the Collateral Agent otherwise of any amounts from the Company or any Guarantor following 

  
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any acceleration of the obligations under the Senior Secured Notes or any Additional Senior Secured Debt or any bankruptcy or insolvency Event of Default (as defined in the Indenture or any
Additional Senior Secured Debt Agreement) with respect to the Company or Significant Subsidiary (as defined in the Indenture) or any other automatic acceleration event occurs under any Finance Document, in each case whether received from the
proceeds of an asset sale, reorganization, liquidation, sale pursuant to Section 363 of the Bankruptcy Code, adequate protection payments or otherwise, the Collateral Agent shall distribute such Proceeds to the specified Persons in the
following order of priority: 
 FIRST, to the payment of all reasonable and documented costs and expenses
incurred by the Collateral Agent, any Additional Senior Secured Debt Representative or the Trustee in connection with any collection or sale or otherwise in connection with the Indenture, any Additional Senior Secured Debt Agreement or any
Collateral Document or arrangement in connection therewith, including all court costs and the reasonable fees and expenses of their agents and legal counsel and any other reasonable and documented costs or expenses incurred in connection with the
exercise of any right or remedy under the Indenture, any Additional Senior Secured Debt Agreement or any Collateral Document or arrangement in connection therewith (and, if there shall be a shortfall in the amount available pursuant to this clause,
to pay all amounts due under this clause on a pro rata basis taking into account all amounts due under this clause (including on account of fees, expenses or otherwise, as applicable); 

SECOND, to the Noteholders and the Additional Senior Secured Debt Holders, an amount equal to all Notes Priority Lien Debt
Obligations owing to them in respect of the Senior Secured Notes and the Additional Senior Secured Debt, as applicable, on the date of any payment or other distribution or other receipt of Proceeds (and, if there shall be a shortfall in the amount
available pursuant to this clause, to pay all amounts due under this clause on a pro rata basis taking into account all amounts due under this clause (including on account of principal, interest, fees, expenses or otherwise, as applicable));

 THIRD, to the Swap Creditors, an amount equal to all Finance Obligations owing to them in respect of Secured
Swap Obligations on the date of any payment or other distribution or other receipt of Proceeds (and, if there shall be a shortfall in the amount available pursuant to this clause, to pay all amounts due under this clause in the order of priority
specified below and, in the case of each subclause below, on a pro rata basis taking into account all amounts due under this clause); 
 FOURTH, any surplus then remaining shall be paid to the Company or the applicable Guarantor or their successors or assigns or to whomsoever may be lawfully entitled to receive the same or as a court of
competent jurisdiction may direct; 
 provided that any amount received constituting ABL Facility Collateral (as defined in the
Intercreditor Agreement) shall be applied in accordance with the provisions set forth in the Intercreditor Agreement. 
 (b)
Distribution According to Priorities. No party hereto shall be entitled to a distribution on any lower priority pursuant to clauses FIRST through THIRD above unless and until all higher priorities have been paid in full. 

(c) Turn Over. Each Additional Senior Secured Debt Representative, each Swap Creditor and the Trustee on behalf of each current
and future Noteholder agrees to turn over to the Collateral Agent any amounts on account of Finance Obligations received by them in contravention of this Section 4.05 to the extent necessary to effectuate the priority of payments set
forth in Section 4.05(a) above. 

  
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 (d) Single Class. The Trustee, each Additional Senior Secured Debt Representative and
the Collateral Agent agree (on behalf of the Noteholders and the Additional Senior Secured Debt Holders which are deemed to agree) that (a) the grant of Liens pursuant to the Collateral Documents and any grant of Liens pursuant to any
Additional Senior Secured Debt Documents constitutes a single grant of Liens for the ratable benefit of the Noteholders and the Additional Senior Secured Debt Holders and the Swap Creditors and (b) the Senior Secured Notes, the Additional
Senior Secured Debt and the Secured Swap Obligations shall be classified as a single class of secured claims (or, if relevant, a single class of secured claims and a single class of unsecured claims) in any liquidation or plan of reorganization
proposed or adopted in a bankruptcy, insolvency or liquidation case. To further effectuate the intent of the immediately preceding sentence, the Trustee, each Additional Senior Secured Debt Representative and the Collateral Agent agree (on behalf of
the Noteholders and the Additional Senior Secured Debt Holders which are deemed to agree) that, if it is held that the claims of the Senior Secured Notes, the Additional Senior Secured Debt and the Secured Swap Obligations in respect of the
Collateral constitute two classes of claims (rather than one class of secured claims or, if relevant, a single class of secured claims and a single class of unsecured claims), any distributions in respect of Collateral in any bankruptcy, insolvency
or liquidation case that are made to any of them will be reallocated among the Noteholders, the Additional Senior Secured Debt Holders and the Swap Creditors as if there were a single class of secured claims (or, if relevant, a single class of
secured claims and a single class of unsecured claims) against the Company and the Guarantors in respect of the Collateral in compliance with the priority of payments described in Section 4.05(a) above. Moreover, the Trustee each
Additional Senior Secured Debt Representative and the Collateral Agent agree (on behalf of the Noteholders and the Additional Senior Secured Debt Holders which are deemed to agree) not to take actions, and not to initiate or prosecute or encourage
any other Person to initiate or prosecute any claim, action, objection or other proceeding or otherwise assert any position inconsistent with the intent of the first sentence of this Section 4.05(d). 

(e) Non-Cash Distributions. If, in any bankruptcy, insolvency or liquidation case, any equity securities, debt securities or other
non-cash consideration from the reorganized debtor is distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, the amount of such non-cash consideration to be distributed to each of the Noteholders, the Additional
Senior Secured Debt Holders and the Swap Creditors respectively, shall be determined in accordance with the priority of payment provisions set forth in Section 4.05(a) above and utilizing the valuation methodology set forth below. In
addition, if, in any bankruptcy, insolvency or liquidation case, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a plan of reorganization or similar dispositive
restructuring plan on account of the Senior Secured Notes, on account of the Additional Senior Secured Debt and on account of the Secured Swap Obligations then, to the extent the debt obligations distributed on account of the Senior Secured Notes,
on account of the Additional Senior Secured Debt and on account of the Secured Swap Obligations are secured by Liens upon the same property, the priority of payments provisions described in Section 4.05(a) above will survive the
distribution of such debt obligations pursuant to such plan and will apply with like effect to such debt obligations. 
 (f)
Debtor-in-Possession. For purposes of these intercreditor agreements, all references to the Company or any Guarantor shall include such Person as a debtor-in-possession and any receiver or trustee for such Person in any bankruptcy, insolvency
or liquidation case. 
 (g) Valuation Methodology. For purposes of any distribution hereunder, the value of any non-cash
property, including any equity securities or debt securities (the “Non-Cash Property”) shall be equal to either the Current Market Price (as defined below) or the Fair Market Value (as defined below) of such Non-Cash Property and
will be determined as follows. 

  
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 (1) In the event that, in accordance with the provisions hereof, Non-Cash
Property is to be distributed, the Collateral Agent shall first determine whether such Non-Cash Property is a security that is listed, admitted to trading or quoted on a national securities exchange or the NASDAQ National Market System (a
“Marketable Security”), and, for each Marketable Security, its Current Market Price. The “Current Market Price” of a Marketable Security shall be deemed to be the average of the daily closing prices of such
Marketable Security on the principal national securities exchange on which such Marketable Security is listed or admitted to trading or, if such Marketable Security is not so listed, the average daily closing bid prices of such Marketable Security
on the NASDAQ National Market System if such Marketable Security is quoted thereon, in any such case, for the 20 consecutive trading days ending on the trading day immediately preceding the record day set by the Collateral Agent for the distribution
of such Non-Cash Property. 
 (2) Upon determination by the Collateral Agent that the Non-Cash Property to be
distributed is not a Marketable Security (or that it is a Marketable Security, but its Current Market Price cannot be determined pursuant to clause (1) above), the Noteholders, the Additional Senior Secured Debt Holders and the Swap Creditors
representing a majority of the then outstanding Aggregate Voting Credit with respect to the Finance Obligations shall promptly, but in any case within 30 days of receipt of a notice from the Collateral Agent of such determination: (i) appoint a
nationally recognized investment bank (an “Independent Financial Expert”) with experience in similar transactions (for instance, transactions of a comparable size and magnitude) to determine the Fair Market Value of the Non-Cash
Property to be distributed, and (ii) cause the Independent Financial Expert so appointed by it, to prepare and to deliver to the Collateral Agent a written report (a “Value Report”) specifying such Fair Market Value.

 (3) The Company shall provide, and shall cause its subsidiaries to provide, the Independent Financial Expert
with the same financial and operational information for conducting their valuation. The Company shall use, and shall cause its subsidiaries to use, commercially reasonable efforts to ensure that the information shall be complete and accurate in all
material respects and that any forecasts shall be based on unbiased assessments made in good faith. The Company shall reasonably cooperate, and shall cause its subsidiaries to reasonably cooperate, fully with the Independent Financial Expert in the
conduct of its valuation, including making management reasonably available and offering access to the premises of the Company and its subsidiaries to the Independent Financial Expert during regular business hours and on reasonable notice.

 (4) “Fair Market Value” of the Non-Cash Property to be distributed, as of the date of
determination, shall mean the price that a willing buyer would pay to a willing seller for the relevant Non-Cash Property, in an arm’s length transaction, with neither party being under any immediate obligation or need to consummate such
transaction. The Fair Market Value shall be stated in U.S. dollars. 
 Section 4.06 Sharing of Asset Sale
Proceeds. In any circumstance when the Company applies any Net Proceeds of an Asset Sale with respect to Collateral (in each case, as such terms or any substantially similar terms are defined in the Indenture and the applicable Additional
Senior Secured Debt Document) to permanently reduce Notes Priority Lien Debt Obligations, the Noteholders and the Additional Senior Secured Debt Holders shall be entitled to share such Net Proceeds, as the case may be, on a pro rata basis, in
proportion to the principal amounts of the Senior Secured Notes and Additional Senior Secured Debt tendered (in each case, to the extent consistent with the underlying Finance Document). In any circumstance when the Collateral Agent receives any
such Net Proceeds with respect to Collateral pursuant to any Note Document or Additional Senior Secured Debt Document, and the 

  
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Indenture and the applicable Additional Senior Secured Debt Document specify that all or a portion of such proceeds are to be applied to an “Asset Sale Proceeds Offer” (as such term or
any substantially similar term is defined in the Indenture and the applicable Additional Senior Secured Debt Document), the Collateral Agent shall divide such proceeds among the Noteholders and Additional Senior Secured Debt Holders entitled to such
right in proportion to the principal amounts of the Senior Secured Notes and Additional Senior Secured Debt tendered (unless the underlying Finance Document provides otherwise). The parties acknowledge that the Indenture provides (and the Additional
Senior Secured Debt Documents may provide) that if the Noteholders and/or the Additional Senior Secured Debt Holders do not accept Net Proceeds of an Asset Sale (as such terms or any substantially similar terms are defined in the Indenture and the
applicable Additional Senior Secured Debt Document) in the full amount to which they are entitled, the portion thereof which would otherwise have been applied to the redemption of the Senior Secured Notes or to the prepayment of the Additional
Senior Secured Debt in accordance herewith may be paid to the Company in accordance with such agreements. 

Section 4.07 Credit Bid Rights. 
 (a) If, during the continuance of an Event of Default, the Collateral Agent forecloses any of its Liens upon any Collateral, whether by public sale or private sale or judicial foreclosure or otherwise,
and if directed by the Directing Creditors to exercise its credit bid rights as provided in this Section 4.07, the Collateral Agent, acting for and on behalf of the holders of Finance Obligations, shall be entitled (to the fullest extent
it may lawfully do so) to use and apply then due and payable Finance Obligations as a credit on account of the purchase price payable by the Collateral Agent for any Collateral sold to the Collateral Agent at the corresponding foreclosure sale for
all purposes related to bidding and making settlement or payment of the purchase price at such foreclosure sale. 
 (b) If, in
connection with or, during the continuance of an Event of Default, in anticipation of any foreclosure of any of the Collateral Agent’s Liens upon any Collateral, Secured Swap Obligations, Additional Senior Secured Debt and Senior Secured Notes
representing at least a majority in outstanding principal amount of Secured Swap Obligations, Additional Senior Secured Debt and Senior Secured Notes then outstanding are transferred to and registered in the name of a single transferee for purposes
of facilitating or executing a bid for such Collateral at the corresponding foreclosure sale, such transferee shall be entitled (to the fullest extent it may lawfully do so) to use and apply all then due and payable Finance Obligations outstanding
to such transferee as a credit on account of the purchase price payable by such transferee for any Collateral sold to such transferee at such foreclosure sale, for all purposes related to bidding and making settlement or payment of the purchase
price at such foreclosure sale, but only if all Noteholders, Additional Senior Secured Debt Holders and Swap Creditors consent thereto or if: 
 (i) each Creditor has been offered the opportunity to transfer to such transferee any or all of the Senior Secured Notes, Additional Senior Secured Debt and any Secured Swap Obligations outstanding held
by such Creditor on terms equivalent to the most favorable terms offered by such transferee to any Creditor for or in connection with any transfer of Secured Swap Obligations, Additional Senior Secured Debt or Senior Secured Notes to such
transferee; and 
 (ii) effective provision is made (or found by order of a court of competent jurisdiction to
have been made) for the pro-rata sharing among the Credit Classes of proceeds of the Collateral, even if the proceeds received by Creditors other than such transferee are different in kind (if reasonably equivalent in value with at least equivalent
liquidity) from the proceeds to be realized by such transferee if it is the successful bidder at the foreclosure sale. 

  
 - 18 -

 (c) Each of the Loan Parties hereby grants, confirms and agrees to cooperate with and permit
the exercise and enforcement of the rights set forth in this Section 4 07. 
 ARTICLE V 

CERTAIN OBLIGATIONS ENFORCEABLE BY THE LOAN PARTIES 
 Section 5.01 Release of Liens. 
 (a) Without limiting its
obligations set forth in the Collateral Documents, Additional Senior Secured Debt Documents and Note Documents, the Collateral Agent agrees for the benefit of the Loan Parties that if the Collateral Agent at any time receives a written certification
signed by a Responsible Officer (an “Officer’s Certificate”) stating that the Collateral Agent is permitted or required (x) by the Indenture and any Additional Senior Secured Notes Document and (y) by
Section 7.14 of the Security Agreement to release any property of any Loan Party described in such Officer’s Certificate from any Lien granted by a Collateral Document specified in such Officer’s Certificate, accompanied by the
proposed instrument releasing such Lien as to such property, then, subject to both Section 3.02(c) and Article VI, the Collateral Agent will (upon receipt of a written certification of a Responsible Officer of the Company that the
Trustee has received all documents, if any, required by the Trust Indenture Act and the Indenture) promptly and in any event within three Business Days thereafter, release such Lien upon such property by executing (and if necessary acknowledging in
recordable form) such proposed instrument reasonably requested by the Loan Parties and delivering it to the applicable Loan Party requesting the same. Any such document shall be without recourse to or warranty by the Collateral Agent or the other
Finance Parties. 
 (b) Any Collateral that is released automatically pursuant to Section 7.14 of the Security Agreement or
any other Collateral Document shall be deemed to be automatically released under this Agreement without any action on the part of the Collateral Agent. 
 Section 5.02 Delivery of Copies to the Trustee, the Swap Representative and the Additional Senior Secured Debt Representative. The Collateral Agent shall deliver to the Trustee, each
Additional Senior Secured Debt Representative and the Swap Representative requesting the same a copy of each Officer’s Certificate delivered to the Collateral Agent pursuant to Section 5.01, together with copies of all documents
delivered to the Collateral Agent with such Officer’s Certificate. The Trustee, each Additional Senior Secured Representative and the Swap Representative shall not be obligated to take notice thereof or to act thereon. 

ARTICLE VI 

THE COLLATERAL AGENT 
 Section 6.01 No Implied Duty. The Collateral Agent shall not have any duties or responsibilities except those expressly assumed by it in this Agreement and the other Collateral
Documents and shall not be required to take any action which is contrary to applicable law or any provision of this Agreement or the other Collateral Documents. Where the Collateral Agent is permitted but not required to take any action pursuant to
any Collateral Document, the Collateral Agent may take any such action but shall have no obligation to take any such action without the direction of the Directing Creditors and the Collateral Agent shall not be liable to any party for not taking
such action if the Directing Creditors have not directed the Collateral Agent to take such action. The Collateral Agent makes no representation as to the existence, validity, value, genuineness, perfection, priority or the collectability of any
security or other document or other instrument held by or delivered to the Collateral Agent. The Collateral Agent shall not be called upon to advise any party as to the wisdom in taking or refraining to take any action with respect to the
Collateral. 

  
 - 19 -

 Section 6.02 Appointment of Co-Agents and Sub-Agents. The Collateral
Agent may employ agents and appoint sub-agents or co-collateral agents as it determines appropriate in the performance of its duties hereunder. The Collateral Agent will exercise reasonable care in selecting any such agent, sub-agent or
co-collateral agent but shall not otherwise be responsible or liable for any act or omission of any such agent, sub-agent or co-collateral agent. 
 Section 6.03 Other Agreements. The Collateral Agent has accepted and is bound by the Collateral Documents delivered to it as of the date of this Agreement and, subject to
Section 7.01(b) and this Article VI, shall accept and be bound by all Collateral Documents delivered to it at any time after the date of this Agreement. The Collateral Agent shall not otherwise be bound by, or obligated to take
cognizance of the provisions of, any agreement to which it is not a party, including any Swap Agreements, any Additional Senior Secured Debt Agreement and the Indenture. The Collateral Agent shall not be responsible for compliance with the terms of
any Finance Document by any Loan Party and shall have no duty to monitor any such compliance. 
 Section 6.04
Solicitation of Instructions. The Collateral Agent may at any time solicit confirmatory instructions, including from the Directing Creditors or an order of a court of competent jurisdiction, as to any action which it may be requested or
required to take, or which it may propose to take, in the performance of any of its obligations under this Agreement. 

Section 6.05 Limitation of Liability. The Collateral Agent shall not be responsible or liable for any action taken or
omitted to be taken by it hereunder or under any Collateral Document, except for its own gross negligence or willful misconduct. 
 Section 6.06 Documents in Satisfactory Form. The Collateral Agent shall be entitled to require that all agreements, certificates, opinions, instruments and other documents at any time
submitted to it, including those expressly provided for in this Agreement, be delivered to it in a form and upon substantive provisions reasonably satisfactory to it. 
 Section 6.07 Entitled to Rely. The Collateral Agent may rely conclusively upon any certificate, notice or other document (including any electronic transmission) reasonably believed by
it to be genuine and correct and to have been signed or sent by or on behalf of the proper Person or Persons and need not investigate any fact or matter stated in any such document. The Collateral Agent may seek and rely upon any judicial order or
judgment, upon any advice, opinion or statement of legal counsel, independent consultants and other experts selected by it in good faith and upon any certification, instruction, notice or other writing delivered to it by any Loan Party in compliance
with the provisions of this Agreement or delivered to it by the Trustee or the Swap Representative as to the Creditors whose action or consent is required for an instruction of Directing Creditors, without being required to determine the
authenticity thereof or the correctness of any fact stated therein or the propriety or validity of service thereof. The Collateral Agent may act in reliance upon any instrument comporting with the provisions of this Agreement or any signature
reasonably believed by it to be genuine and may assume that any Person purporting to give notice or receipt or advice or make any statement or execute any document in connection with the provisions hereof has been duly authorized to do so. To the
extent an officers’ certificate or an opinion of counsel is required or permitted under this Agreement to be delivered to the Collateral Agent in respect of any matter, the Collateral Agent may rely conclusively on such officers’
certificate or opinion of counsel as to such matter. The Collateral Agent may request an opinion of counsel, a certificate of a Responsible Officer, or both, at any time when it is required or requested to take any action (other than pursuant to
Sections 2.04, 3.02, 5.01, 6.03 and 7.03(d) hereof or any similar provision of any Collateral Document) hereunder or under any Collateral Document stating that such action is permitted or authorized pursuant to the
terms hereof and of the Finance Documents and that all conditions precedent to the taking of such action have been complied with and the Collateral Agent may rely conclusively on such officer’s certificate or opinion of counsel with respect
thereto. 

  
 - 20 -

 Section 6.08 Events of Default. The Collateral Agent shall not be
required to inquire as to the occurrence or absence of any Event of Default under the Indenture, the Additional Senior Secured Debt Agreements, the Swap Agreements or any other Finance Document and shall not be affected by or required to act upon
any notice or knowledge as to the occurrence of any Event of Default unless and until it receives a notice pursuant to Section 4.02. 
 Section 6.09 Actions by Collateral Agent. As to any matter not expressly provided for by this Agreement, the Collateral Agent shall act or refrain from acting as directed by the
Directing Creditors and shall be fully protected in doing so. 
 Section 6.10 Security or Indemnity in Favor of the
Collateral Agent. The Collateral Agent shall not be required to advance or expend any funds or otherwise incur any financial liability in the performance of its duties or the exercise of its powers or rights hereunder unless it has been
provided with security or indemnity which it, in its discretion, deems sufficient against any and all liability or expense which may be incurred by it by reason of taking or continuing to take such action. The Loan Parties hereby jointly and
severally agree to provide such security or indemnity to the Collateral Agent promptly upon request by the Collateral Agent therefor. 
 Section 6.11 Resignation or Removal of the Collateral Agent. (i) The Collateral Agent may resign at any time by giving not less than 45 days’ notice of resignation to the
Trustee, the Additional Senior Secured Debt Representative, any Swap Representative known to it, and the Company, and (ii) the Collateral Agent may be removed at any time, with or without cause, pursuant to the instructions of the Directing
Creditors. 
 Section 6.12 Appointment of Successor Collateral Agent. Upon any resignation or removal of any
Collateral Agent, a successor Collateral Agent may be appointed by the Trustee and the Additional Senior Secured Debt Representative, acting jointly, or by the instructions of the Directing Creditors, in each case with the consent (not to be
unreasonably withheld) of the Company; provided that such consent shall not be required if the successor Collateral Agent is the Trustee or any Additional Senior Secured Debt Representative. If no successor Collateral Agent shall have been so
appointed and shall have accepted such appointment within 45 days after the predecessor Collateral Agent gave notice of resignation or was removed, the retiring Collateral Agent may appoint a successor Collateral Agent, or petition a court of
competent jurisdiction for appointment of a successor Collateral Agent, which shall be a bank or trust company (i) authorized to exercise corporate trust powers, (ii) acceptable to the Trustee and the Additional Senior Secured Debt
Representative (or, if the Notes Priority Lien Debt Obligations have been repaid in full, the Swap Representative), (iii) having a combined capital and surplus of at least $50,000,000 and (iv) maintaining an office in New York, New York.

 Section 6.13 Succession. When the Person so appointed as successor Collateral Agent accepts such
appointment: 
 (i) such Person shall succeed to and become vested with either all the rights, powers, privileges
and duties of the predecessor Collateral Agent or such other rights, powers, privileges and duties as may be agreed in writing at the time of appointment, and upon appointment of such Person as Collateral Agent the predecessor Collateral Agent shall
be discharged from its duties and obligations hereunder, and 

  
 - 21 -

 (ii) the predecessor Collateral Agent, upon payment of all amounts owed to
it, shall promptly transfer all Collateral within its possession or control to the possession or control of the successor Collateral Agent and shall execute and deliver such notices, instructions and assignments as may be necessary or desirable or
reasonably requested by the successor Collateral Agent to transfer to the successor Collateral Agent all Liens, interests, rights, powers and remedies of the predecessor Collateral Agent in respect of the Collateral or under the Collateral
Documents. 
 Thereafter the predecessor Collateral Agent shall remain entitled to enforce the immunities granted to it in this
Article VI. 
 Section 6.14 Indenture Protections. The Collateral Agent shall be deemed to possess all
of the rights and protections provided to the Trustee under the Indenture, including without limitation all of the rights provided to the Trustee in Sections 7.02, 7.03, 7.04 and 7.07 of the Indenture, and all of the rights and protections provided
in Section 13.11 of the Indenture. Without limiting the generality of Section 6.01, except as expressly set forth in this Agreement, the Collateral Agent shall have no duties or obligations to any Loan Parties, the Trustee, the
holders of any Senior Secured, any Additional Senior Secured Debt Holders or any Additional Senior Secured Debt Representative (including, without limitation, any fiduciary obligations). Each of the Trustee, any Loan Parties, the holders of any
Senior Secured, any Additional Senior Secured Debt Holders and any Additional Senior Secured Debt Representative acknowledges and agrees that (i) entering into this Agreement is an arm’s-length transaction among the parties hereto, and the
parties hereto are capable of evaluating and understanding and understand and accept the terms, risks and conditions of the transactions contemplated by this Agreement; (ii) in connection with each transaction contemplated hereby and the
process leading to such transaction, the Collateral Agent is and has been acting solely as a principal and is not the agent or fiduciary of any of the parties hereto, the holders of any Senior Secured Notes or their respective affiliates,
stockholders, creditors or employees or any other party; (iii) without limiting the generality of Section 2.06, the Collateral Agent has not assumed and will not assume an advisory or fiduciary responsibility in favor of any party with
respect to any of the transactions contemplated hereby or the process leading thereto (irrespective of whether the Collateral Agent or its affiliates has advised or is currently advising any other party on other matters) or any other obligation to
any party other than the obligations expressly set forth in this Agreement; (iv) the Collateral Agent and its affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the other parties hereto
and the Collateral Agent has no obligation to disclose any of such interests by virtue of any fiduciary or advisory relationship; and (v) the Collateral Agent not provided any legal, accounting, regulatory or tax advice with respect to any
offering of securities or lending transaction and the parties hereto have consulted their own legal, accounting, regulatory and tax advisors to the extent they deemed appropriate. 

Section 6.15 Indemnity. 
 (a) The Company shall indemnify the Note Collateral Agent, each Finance Party and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”)
against, and hold each Indemnitee harmless from, any and all losses, claims, damages, penalties, liabilities and related reasonable and documented out-of-pocket fees, expenses (including the reasonable fees, disbursements and other charges of one
counsel for all Indemnitees and, if necessary, of a single separate firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an
actual or perceived conflict of interest (as reasonably determined by the Indemnitee affected by such conflict) where such Indemnitee informs the Company of such conflict and thereafter retains its own counsel, of another firm of counsel for such
affected Indemnitee) incurred by or asserted against any Indemnitee arising out of, in connection with, or 

  
 - 22 -

 
as a result of (i) the execution or delivery of the Finance Documents or any agreement or instrument contemplated thereby, the performance by the parties hereto of their respective
obligations thereunder or the consummation of the Transactions (as defined in the Indenture) or any other transactions contemplated hereby, (ii) any extension of credit under the Finance Documents or the use of the proceeds therefrom,
(iii) any Environmental Liability related in any way to the Loan Parties, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other
theory and regardless of whether any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Company, any other Loan Party or any of their respective Affiliates); provided that such
indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, penalties, liabilities or related expenses or fees (i) are determined by a court of competent jurisdiction by final and nonappealable
judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee, its Affiliates or any of its Related Parties, (ii) result from a material breach of the obligations of any such Indemnitee or one of its Related
Parties under the Finance Documents or (iii) disputes brought by and between and among Indemnities (not involving an act or omission of the Company, the Loan Parties or their Affiliates as determined by a court of competent jurisdiction in a
final and non-appealable decision); provided that the Notes Collateral Agent and the Finance Parties shall remain indemnified in respect of such disputes to the extent otherwise entitled to be so indemnified. 

(b) To the extent permitted by applicable law, no party to this Agreement shall assert, and each hereby waives, any claim against any
other party hereto or any Related Party thereof, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or
any agreement or instrument contemplated hereby. All amounts due under this Section shall be paid, unless otherwise specified, promptly after written demand therefor. 
 ARTICLE VII 
 MISCELLANEOUS 

Section 7.01 Amendment. 
 (a) This Agreement may be amended or supplemented from time to time by the written agreement of the Loan Parties and the Collateral Agent, acting pursuant to the instructions of the Directing Creditors if
so required pursuant to Article III and in compliance with Section 3.02. 
 (b) Notwithstanding anything
contained herein or in any Collateral Document, any Collateral Document or amendment or supplement to any Collateral Document that, in each case, imposes any obligation upon the Collateral Agent not contemplated by this Agreement or adversely
affects the rights of the Collateral Agent in its individual capacity will become effective only with the consent of the Collateral Agent in its individual capacity. The Collateral Agent shall promptly receive copies of all Collateral Documents and
all amendments and supplements thereto. 
 Section 7.02 [Reserved] 

Section 7.03 Successors and Assigns; Additional Trustee or Agent Joinder. 

(a) This Agreement is legally binding upon and enforceable against the Collateral Agent. Except as provided in Section 6.02
or in any Collateral Document, the Person acting as Collateral Agent may not, in its individual capacity, delegate any of its duties or assign any of its rights hereunder, and any attempted delegation or assignment of any such duties or rights shall
be void. All obligations of the Collateral Agent hereunder shall inure to the benefit of, and be enforceable by, the Trustee, the 

  
 - 23 -

 
Additional Senior Secured Debt Representative, the Swap Representative and each present and future holder of Finance Obligations, each of whom shall be entitled to enforce this Agreement as a
third party beneficiary hereof, and all of their respective successors and assigns. 
 (b) This Agreement is further binding
upon each of the Loan Parties and their respective successors. No Loan Party may delegate any of its duties or assign any of its rights hereunder without prior written consent pursuant to Section 3.02(b), and any attempted delegation or
assignment of any such duties or rights shall be void. 
 (c) The obligations of the Collateral Agent set forth in Sections
5.01 and 5.02 of this Agreement shall also be enforceable by the Loan Parties directly affected by any breach thereof and their respective successors and assigns. 
 (d) The Company may from time to time designate, by notice to the Collateral Agent, the Trustee and each Additional Senior Secured Debt Representative (such notice, the “Designation”),
additional obligations (whether outstanding on the date of such designation or on a prospective “when issued basis”) as (i) “Additional Senior Secured Debt”, identifying the relevant “Additional Senior Secured Debt
Representative” or (ii) “Secured Swap Obligations”, identifying the relevant Swap Creditor, which in each case is secured by the Collateral and entitled to be treated with respect thereto pursuant to this Agreement (it being
understood that if such notice is prospective such designation is contingent upon the issuance or incurrence of the related obligations in compliance with this Agreement); provided that (x) such Additional Senior Secured Debt must
satisfy the requirements specified in the definition thereof and that the Additional Senior Secured Debt Representative must execute and deliver a Joinder as required by Section 7.03(e), (y) such Secured Swap Obligations must
satisfy the requirements specified in the definition thereof and that the applicable Swap Creditor must execute and deliver a Sharing Confirmation and (z) the Company shall not designate any obligations with respect to Swap Agreements as, and
no such obligations shall be permitted to constitute, Additional Senior Secured Debt. 
 (e) Upon the Loan Parties' entering
into any additional indenture or agreement constituting the “Indenture” or the “Additional Senior Secured Debt Agreement” pursuant to the definitions thereof, as the case may be, a trustee or an agent under such indenture or
agreement shall become a party to this Agreement by executing and delivering its written agreement substantially in the form of Exhibit A hereto (the “Joinder”), for the enforceable benefit of the Collateral Agent, the Swap
Creditors, each Additional Senior Secured Debt Representative and the Trustee, that: (i) all Finance Obligations shall be and are secured equally and ratably by all Liens and all Collateral at any time granted by the Loan Parties to secure any
Finance Obligations; (ii) all such Liens shall be enforceable by the Collateral Agent for all holders of Finance Obligations equally and ratably (subject to Section 4.05); (iii) such trustee or agent on behalf of the applicable
debtholders consents to and will be bound by the provisions of this Agreement including those relating to the order of application of proceeds from enforcement of the Collateral Agent’s Liens upon the Collateral; (iv) such trustee or agent
consents to and directs the Collateral Agent to perform its obligations under this Agreement and (v) such trustee or agent is authorized by the requisite debtholders (which authorization may be set forth in the relevant indenture or agreement)
to execute the Joinder. Upon execution of the Joinder, such trustee or agent shall automatically become a party to this Agreement with the same force and effect as if an original party hereunder. The execution and delivery of such Joinder shall not
require the consent of any other Finance Party hereunder. 
 Section 7.04 Delay and Waiver. No failure to
exercise, no course of dealing with respect to the exercise of, and no delay in exercising, any right, power or remedy arising under this Agreement or any of the other Collateral Documents shall impair any such right, power or remedy or

  
 - 24 -

 
operate as a waiver thereof. No single or partial exercise of any such right, power or remedy shall preclude any other or future exercise thereof or the exercise of any other right, power or
remedy. The remedies herein are cumulative and are not exclusive of any remedies provided by law. 
 Section 7.05
Notices. Any communications, including notices and instructions, between the parties hereto or notices provided herein to be given may be given to the following addresses: 

 

			
	If to the Collateral Agent:	  	 The Bank of New York Mellon Trust Company, N.A.
 10161 Centurion Parkway
 Jacksonville, FL 32256

Attn: American Tire Collateral Agent
 (Telecopy
No. 904-645-1921)

		
	If to the Trustee:	  	 The Bank of New York Mellon Trust Company, N.A.
 10161 Centurion Parkway
 Jacksonville, FL 32256

Attn: American Tire Trustee
 (Telecopy No.
904-645-1921)

		
	If to the Swap Representative:	  	At is address in the Sharing Confirmation
		
	To any additional trustee or agent, joining pursuant to Section 7.03(d):	  	At its address in the Joinder
		
	If to any Loan Party:	  	 American Tire Distributors, Inc.

12200 Herbert Wayne Court, Suite 150

Huntersville, North Carolina 28078
 Attention:
David Dyckman
 Facsimile No.: (704) 992-1451

		
	If to any Additional Senior Secured Debt Representative:	  	At the address in the Joinder

 Unless it has actual knowledge
(including by way of written notice from a Swap Creditor or the Swap Representative) to the contrary, the Collateral Agent, in acting hereunder, shall be entitled to assume that no Swap Agreements are in existence. Each notice hereunder shall be in
writing and may be personally served, telexed or sent by facsimile or United States mail or courier service and shall be deemed to have been given when delivered in person or by courier service and signed for against receipt thereof, upon receipt of
facsimile or telex, or three Business Days after depositing it in the United States mail with postage prepaid and properly addressed; provided, no notice to the Collateral Agent, the Trustee or any Additional Senior Secured Debt
Representative shall be effective unless and until received by its officer responsible for the administration of the transaction contemplated hereby. Each party may change its address for notice hereunder to any other location within the continental
United States by giving written notice thereof to the other parties as set forth in this Section 7.05. 

  
 - 25 -

 Section 7.06 Entire Agreement. This Agreement states the complete
agreement of the parties relating to the undertaking of the Collateral Agent set forth herein and supersedes all oral negotiations and prior writings in respect of such undertaking. 

Section 7.07 Force Majeure. In no event shall the Collateral Agent be responsible or liable for any failure or delay
in the performance of its obligations under this Agreement arising out of or caused by, directly or indirectly, forces beyond its reasonable control, including without limitation strikes, work stoppages, accidents, acts of war or terrorism, civil or
military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software or hardware) services. 

Section 7.08 [Reserved] 
 Section 7.09 Obligations Secured. All obligations of the Loan Parties set forth in or arising under this Agreement shall be Finance Obligations and are secured by all Liens granted by
the Collateral Documents. 
 Section 7.10 Severability. If any provision of this Agreement is invalid,
illegal or unenforceable in any respect or in any jurisdiction, the validity, legality and enforceability of such provision in all other respects and of all remaining provisions, and of such provision in all other jurisdictions, shall not in any way
be affected or impaired thereby. If any provision of this Agreement limits, qualifies or conflicts with any provision of the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”), that is required under the Trust
Indenture Act to be part of and govern any provision of the Indenture, such provision of the Trust Indenture Act shall control. If any provision of this Agreement modifies or excludes any provision of the Trust Indenture Act that may be so modified
or excluded, such provision of the Trust Indenture Act shall be deemed to apply to the Indenture as so modified or excluded. 

Section 7.11 Governing Law; Jurisdiction Etc. 

(a) Governing Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING, WITHOUT LIMITATION, SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK). 

(b) Submission to Jurisdiction. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO
THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND
DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN
OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT SHALL AFFECT ANY RIGHT THAT THE COLLATERAL AGENT OR THE 

  
 - 26 -

 
TRUSTEE MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AGAINST THE COMPANY OR ANY OTHER LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

 (c) Waiver of Venue. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS SECTION. EACH OF THE
PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(d) Service of Process. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN
SECTION 7.05. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 
 Section 7.12 Waiver of Right to Trial by Jury. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION
ARISING UNDER ANY NOTE DOCUMENT IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY NOTE DOCUMENT OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR
HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS
AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

Section 7.13 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, except when used to reference such sections. 

Section 7.14 Counterparts; Effectiveness. This Agreement may be executed in one or more counterparts, each of
which shall be an original and all of which shall together constitute one and the same document. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are attached to the
same document. Delivery of an executed signature page of this Agreement by facsimile or other electronic transmission shall be as effective as delivery of a manually executed counterpart thereof. This Agreement shall become effective upon the
execution of a counterpart hereof by each of the parties hereto and receipt by each party of written or telephonic notification of such execution and authorization of delivery thereof. 

Section 7.15 Intercreditor Agreement. Reference is made to the Lien Subordination and Intercreditor Agreement,
dated as of May 28, 2010, among Bank of America, N.A., as collateral agent for the ABL Secured Parties referred to therein and Bank of New York, as collateral agent for the Priority Lien Debt Secured Parties referred to therein and the
subsidiaries of the Company named therein (the “Intercreditor Agreement”). Each of the Collateral Agent and the Trustee (and through its acceptance hereof, each Additional Senior Secured Debt Representative and each Swap Creditor)
(a) consents to the subordination of Liens provided for in the Intercreditor Agreement and (b) agrees that it will be bound by 

  
 - 27 -

 
and will take no actions contrary to the provisions of the Intercreditor Agreement. The foregoing provisions are intended as an inducement to the lenders under the ABL Credit Agreement to extend
credit and such lenders are intended third party beneficiaries of such provisions and the provisions of the Intercreditor Agreement. 
 [Signature Pages Follow] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above. 
  

							
	COMPANY:	 	AMERICAN TIRE DISTRIBUTORS, INC.
			
		 	By:	 	 /s/ J. Michael Gaither

		 		 	Name:	 	J. Michael Gaither
		 		 	Title:	 	Executive Vice President, General Counsel and Secretary
		
	HOLDINGS:	 	AMERICAN TIRE DISTRIBUTORS HOLDINGS, INC.
			
		 	By:	 	 /s/ J. Michael Gaither

		 		 	Name:	 	J. Michael Gaither
		 		 	Title:	 	Executive Vice President, General Counsel and Secretary

 Signature Page – Collateral Agency Agreement 

  

							
	COLLATERAL AGENT:	 	 THE BANK OF NEW YORK MELLON
 TRUST COMPANY, N.A.,
       as Collateral Agent

			
		 	By:	 	 /s/ Christie Leppert

		 		 	Name:	 	Christie Leppert
		 		 	Title:	 	Vice President
		
	TRUSTEE:	 	 THE BANK OF NEW YORK MELLON
 TRUST COMPANY, N.A.

			
		 	By:	 	 /s/ Christie Leppert

		 		 	Name:	 	Christie Leppert
		 		 	Title:	 	Vice President

 Signature Page –
Collateral Agency Agreement 

  

							
	COLLATERAL AGENT:	 	 THE BANK OF NEW YORK MELLON
 TRUST COMPANY, N.A.,
       as Collateral Agent

			
		 	By:	 	 /s/ Christie Leppert

		 		 	Name:	 	Christie Leppert
		 		 	Title:	 	Vice President
		
	TRUSTEE:	 	 THE BANK OF NEW YORK MELLON
 TRUST COMPANY, N.A.

			
		 	By:	 	 /s/ Christie Leppert

		 		 	Name:	 	Christie Leppert
		 		 	Title:	 	Vice President

 Signature Page –
Collateral Agency Agreement 

 EXHIBIT A 
 Form of Joinder Agreement 
 JOINDER AGREEMENT
dated as of                 , 20     (as amended, modified or supplemented from time to time, this “Agreement”) among
                                        
(the “New Collateral Agency Party”), AMERICAN TIRE DISTRIBUTORS, INC., a Delaware corporation (the “Company”), AMERICAN TIRE DISTRIBUTORS HOLDINGS, INC., a Delaware corporation (“Holdings”) and THE
BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as collateral agent (together with its successor or successors in such capacity, the “Collateral Agent”), and as Trustee for the Noteholders under the Indenture (each as defined below)
(together with its successor or successors in such capacity, the “Trustee”). Defined terms used but not otherwise defined herein shall have the meanings assigned to them in the Collateral Agency Agreement (defined below).

 The Company has issued 9.75% Senior Secured Notes due 2017 (together with any Exchange Notes (as defined in the Indenture)
with respect thereto the “Initial Senior Secured Notes”) pursuant to an Indenture, dated as of May 28, 2010 (as amended, restated, supplemented or modified from time to time and including any one or more indentures or
agreements extending the maturity of, refinancing or otherwise restructuring all or any portion of the obligations of the Company under such Indenture or any successor indenture, indentures, agreement or agreements, as the case may be, the
“Indenture”) among the Company, Holdings, the Subsidiary Guarantors (as defined below), the Trustee and the other agents from time to time party thereto. 
 The obligations of the Company under and in respect of the Senior Secured Notes are and will be, as the case may be, and in respect of certain other Finance Obligations may be guaranteed by Holdings and
certain material direct and indirect wholly-owned domestic subsidiaries of the Company (the “Subsidiary Guarantors”). The Company, Holdings and the Subsidiary Guarantors are herein referred to individually as a “Loan
Party” and, collectively, as the “Loan Parties.” The obligations of the Company and the other Loan Parties in respect of the Senior Secured Notes and, as the case may be, the other Finance Obligations are and will be
secured by a security interest in the Collateral. 
 Without providing any commitments to any Loan Party as to the funding of
future indebtedness, the Indenture permits the Company and other Loan Parties from time to time to incur indebtedness which they are otherwise permitted to incur under the Indenture. 

The Company has also entered into that certain Intercreditor and Collateral Agency Agreement, dated as of May 28, 2010 (as amended,
restated, supplemented or modified from time to time, the “Collateral Agency Agreement”), among the Company, the Collateral Agent and the Trustee, which sets forth the terms on which the Collateral Agent has undertaken to accept,
hold and enforce the security interests described above and all related rights, interests and powers as agent for, and for the benefit exclusively of, the present and future holders of the Senior Secured Notes, Swap Creditors and Additional Senior
Secured Debt Holders and describes the relative rights and obligations of the Trustee on behalf of the Noteholders, the Swap Representative on behalf of one or more Swap Creditors and the Additional Senior Secured Debt Representative on behalf of
the Additional Senior Secured Debt Holders with respect to the Collateral. 
 Section 7.03 of the Collateral Agency
Agreement requires that, upon the Loan Parties’ entering into any additional indenture or agreement constituting the “Indenture” or an “Additional Senior Secured Debt Agreement” pursuant to the definitions thereof (such
additional indenture or agreement, the “New Debt Agreement”), as the case may be, a trustee or an agent under such indenture or agreement shall become a party to the Collateral Agency Agreement. 

 Accordingly, in consideration of the mutual agreements set forth herein, the New Collateral
Agency Party and the Company hereby agree as follows: 
 Section 1. Designation. The Company
hereby designates the New Debt Agreement as the “Additional Senior Secured Debt Agreement,” indebtedness incurred under the New Debt Agreement as the “Additional Senior Secured Debt” and [describe the agent or trustee under the
New Debt Agreement] as the “Additional Senior Secured Debt Representative.” 
 Section 2.
Joinder. In accordance with Section 7.03(d) of the Collateral Agency Agreement, the New Collateral Agency Party agrees, for the enforceable benefit of the Collateral Agent, the Swap Creditors, each Additional Senior Secured
Debt Representative and the Trustee, that: (i) all Additional Senior Secured Debt shall be and are secured equally and ratably by all Liens and all Collateral at any time granted by the Loan Parties to secure any Finance Obligations;
(ii) all such Liens shall be enforceable by the Collateral Agent for all holders of Finance Obligations and Additional Senior Secured Debt equally and ratably (subject to Section 4.05 of the Collateral Agency Agreement);
(iii) such New Collateral Agency Party on behalf of the applicable debtholders under the New Debt Agreement consents to and will be bound by the provisions of the Collateral Agency Agreement including those relating to the order of application
of proceeds from enforcement of the Collateral Agent’s Liens upon the Collateral; (iv) such New Collateral Agency Party consents to and directs the Collateral Agent to perform its obligations under the Collateral Agency Agreement and
(v) such New Collateral Agency Party is authorized by the requisite debtholders under the New Debt Agreement (which authorization may be set forth in the relevant New Debt Agreement) to execute this Agreement. 

Section 3. Representations and Warranties. 
 (a) The New Collateral Agency Party hereby represents and warrants that this Agreement has been duly authorized, executed and delivered by the New Collateral Agency Party, and each of this Agreement and
the Collateral Agency Agreement, as acceded to hereby by the New Collateral Agency Party, constitutes a valid and binding agreement of the New Collateral Agency Party, enforceable against the New Collateral Agency Party in accordance with its terms,
except in each case as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforceability of creditors’ rights generally and by equitable principles of general applicability
(regardless of whether such enforceability is considered in a proceeding in equity or at law). 
 (b) The Company hereby
represents and warrants that the indebtedness incurred under the New Debt Agreement complies with the definition of “Additional Senior Secured Debt” set forth in the Collateral Agency Agreement. 

Section 2. Effectiveness. This Agreement and the accession of the New Collateral Agency Party to the Collateral Agency
Agreement as provided herein shall become effective with respect to the New Collateral Agency Party when the Company, the Collateral Agent, and the Trustee shall have received a counterpart of this Agreement duly executed by the New Collateral
Agency Party (with a copy to any Additional Senior Secured Debt Representative). 
 Section 3. Integration;
Confirmation. On and after the date hereof, the Collateral Agency Agreement shall be supplemented as expressly set forth herein; all other terms and provisions of the Collateral Agency Agreement, the other Finance Documents and the
respective Schedules thereto shall continue in full force and effect and unchanged and are hereby confirmed in all respects. 

Section 4. Governing Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
GOVERNED BY AND CONSTRUED 

  
 2 

 
AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (INCLUDING, WITHOUT LIMITATION SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), WITHOUT REGARD TO
CONFLICTS OF LAWS PRINCIPLES, EXCEPT AS OTHERWISE REQUIRED BY MANDATORY PROVISIONS OF LAW. 
 Section 5. Address for
Notices. Any communications, including notices and instructions or notices provided in the Collateral Agency Agreement to be given to the Additional Senior Secured Debt Holders or Additional Senior Secured Debt Representative under the New
Debt Agreement, may be given to the following address: 
 [INSERT NOTICE INSTRUCTIONS] 

Section 6. Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be an
original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement may be transmitted and/or signed by facsimile and if so transmitted or signed, shall, subject to requirements of law, have the same
force and effect as a manually signed original and shall be binding on the New Collateral Agency Party, the Agents and the Secured Parties. The Collateral Agent may also require that this Agreement be confirmed by a manually signed original hereof;
provided, however, that the failure to request or deliver the same shall not limit the effectiveness of any facsimile document or signature. 
 [Signature Pages Follow] 

  
 3 

 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. 
  

					
		 	[NEW COLLATERAL AGENCY PARTY NAME]
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:
		
	COMPANY:	 	AMERICAN TIRE DISTRIBUTORS, INC.
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:Registration Rights Agreement

 Exhibit 4.8 
 EXECUTION VERSION 
 REGISTRATION RIGHTS AGREEMENT 

by and among 

American Tire Distributors, Inc., 
 American Tire Distributors Holdings, Inc., 
 Am-Pac Tire Dist. Inc.

 and 
 Banc of America Securities LLC 
 Barclays Capital Inc. 

RBC Capital Markets Corporation 
 UBS Securities LLC 
 Dated as of May 28, 2010 

 REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (this “Agreement”) is made and entered into as of May 28, 2010, by and among American
Tire Distributors, Inc., a Delaware corporation (the “Company”), American Tire Distributors Holdings, Inc. (“Holdings”) and Am-Pac Tire Dist. Inc. (the “Subsidiary Guarantor” and, together with Holdings, the
“Guarantors”) and Banc of America Securities LLC, Barclays Capital Inc., RBC Capital Markets Corporation and UBS Securities LLC (collectively, the “Initial Purchasers”), each of whom has agreed to purchase the Company’s
9.750% Senior Secured Notes due 2017 (the “Notes”) fully and unconditionally guaranteed by the Guarantors (the “Guarantees”) pursuant to the Purchase Agreement (as defined below). The Notes and the Guarantees attached thereto are
herein collectively referred to as the “Securities.” 
 This Agreement is made pursuant to the Purchase Agreement,
dated May 19, 2010 (the “Purchase Agreement”), among the Company, the Initial Purchasers, and after giving effect to the Joinder Agreement referred to therein, the Guarantors (i) for the benefit of the Initial Purchasers and
(ii) for the benefit of the holders from time to time of the Transfer Restricted Securities, including the Initial Purchasers. In order to induce the Initial Purchasers to purchase the Securities, the Company and the Guarantors have agreed to
provide the registration rights set forth in this Agreement. The execution and delivery of this Agreement is a condition to the obligations of the Initial Purchasers set forth in Section 5(h) of the Purchase Agreement. 

The parties hereby agree as follows: 
 SECTION 1. Definitions. As used in this Agreement, the following capitalized terms shall have the following meanings: 
 Additional Interest: As defined in Section 5. 
 Advice: As
defined in Section 6(c) hereof. 
 Broker-Dealer: Any broker or dealer registered under the Exchange Act.

 Business Day: Any day other than a Saturday, Sunday or U.S. federal holiday or a day on which banking institutions or
trust companies located in New York, New York are authorized or obligated to be closed. 
 Closing Date: The date of this
Agreement. 
 Commission: The Securities and Exchange Commission. 

Company: As defined in the preamble hereto. 
 Consummate: A registered Exchange Offer shall be deemed “Consummated” for purposes of this Agreement upon the occurrence of (i) the filing and effectiveness under the Securities Act
of the Exchange Offer Registration Statement relating to the Exchange Securities to be issued in the Exchange Offer, (ii) the maintenance of such Registration Statement continuously effective and the keeping of the Exchange Offer open for a
period not less than the 

  
 1 

 
minimum period required pursuant to Section 3(b) hereof, and (iii) the delivery by the Company to the Registrar under the Indenture of Exchange Securities in the same aggregate
principal amount as the aggregate principal amount of Transfer Restricted Securities that were validly tendered by Holders thereof pursuant to the Exchange Offer. 
 Exchange Act: The Securities Exchange Act of 1934, as amended. 

Exchange Date: As defined in Section 3(b) hereto. 
 Exchange Notes: The 9.750% Senior Secured Notes due 2017 to be issued to Holders in exchange for Transfer Restricted Securities pursuant to this Agreement. 

Exchange Offer: An offer registered by the Company and the Guarantors under the Securities Act of the Exchange Securities pursuant
to a Registration Statement pursuant to which the Company and the Guarantors offer the Holders of all outstanding Transfer Restricted Securities who are eligible to participate in such exchange offer in accordance with applicable law and Commission
policy the opportunity to exchange all such outstanding Transfer Restricted Securities held by such Holders for Exchange Securities in an aggregate principal amount equal to the aggregate principal amount of the Transfer Restricted Securities
tendered in such exchange offer by such Holders and with terms that are identical in all respects to the Transfer Restricted Securities (except that the Exchange Securities will not contain terms with respect to the interest rate step up provision
and transfer restrictions). 
 Exchange Offer Registration Statement: The Registration Statement relating to the Exchange
Offer, including the related Prospectus. 
 Exchange Securities: The Exchange Notes and the Guarantees attached thereto.

 FINRA: The Financial Industry Regulatory Authority, Inc. 

Free-Writing Prospectus: Each free writing prospectus (as defined in Rule 405 under the Securities Act) prepared by or on behalf
of the Company or the Guarantors or used or referred to by the Company or the Guarantors in connection with the sale of Securities under the Shelf Registration Statement. 
 Guarantees: As defined in the preamble hereto. 
 Holders: As defined
in Section 2(b) hereof. 
 Indemnified Holder: As defined in Section 8(a) hereof. 

Indenture: The Indenture, dated as of May 28, 2010, by and among the Company, the Guarantors and The Bank of New York Mellon
Trust Company, N.A., as trustee (the “Trustee”), pursuant to which the Securities are to be issued, as amended or supplemented from time to time in accordance with the terms thereof. 

Initial Purchasers: As defined in the preamble hereto. 

  
 2 

 Interest Payment Date: As defined in the Indenture and the Securities. 

Person: An individual, partnership, limited liability company, corporation, trust, unincorporated organization, or other legal
entity, or a government or agency or political subdivision thereof. 
 Prospectus: The prospectus included in a
Registration Statement (or deemed a part of any Shelf Registration Statement), as amended or supplemented by any prospectus supplement and by all other amendments thereto, including post-effective amendments, and all material incorporated by
reference into such Prospectus and, in respect of any Shelf Registration Statement, including for the avoidance of doubt any “issuer free writing prospectus” within the meaning of Rule 433 of the Securities Act. 

Registration Default: As defined in Section 5 hereof. 

Registration Statement: Any registration statement of the Company relating to (a) an offering of the Exchange Securities
pursuant to an Exchange Offer or (b) the registration for resale of the Transfer Restricted Securities pursuant to the Shelf Registration Statement, which is filed pursuant to the provisions of this Agreement, in each case, including the
Prospectus included therein or deemed a part thereof in the case of any Shelf Registration Statement, all amendments and supplements thereto (including post-effective amendments) and all exhibits and material incorporated by reference therein.

 Securities: As defined in the preamble hereto. 

Securities Act: The Securities Act of 1933, as amended. 
 Shelf Effectiveness Date: As defined in Section 4(a) hereof. 

Shelf Registration Statement: As defined in Section 4(a) hereof. 

Shelf Suspension Period: As defined in Section 6(d) hereof. 

Transfer Restricted Securities: Each Security, until the earliest to occur of (a) the date on which such Security is
exchanged in an Exchange Offer for an Exchange Security entitled to be resold to the public by the Holder thereof without complying with the prospectus delivery requirements of the Securities Act, (b) the date on which such Security has been
effectively registered under the Securities Act and disposed of in accordance with a Shelf Registration Statement (c) the date on which such Security is distributed to the public pursuant to Rule 144 under the Securities Act or by a
Broker-Dealer pursuant to the “Plan of Distribution” contemplated by the Exchange Offer Registration Statement (including delivery of the Prospectus contained therein or to the extent permitted by law, making such prospectus available to
purchasers)), and (d) the date on which such Security ceases to be outstanding for purposes of the Indenture. 
 Trust
Indenture Act: The Trust Indenture Act of 1939, as amended. 

  
 3 

 Underwritten Registration or Underwritten Offering: A registration in which
securities of the Company are sold to an underwriter for reoffering to the public. 
 SECTION 2. Securities Subject to this
Agreement. 
 (a) Transfer Restricted Securities. The securities entitled to the benefits of this Agreement are the
Transfer Restricted Securities. 
 (b) Holders of Transfer Restricted Securities. A Person is deemed to be a holder of
Transfer Restricted Securities (each, a “Holder”) whenever such Person owns Transfer Restricted Securities. 
 SECTION
3. Registered Exchange Offer. 
 (a) Unless the Exchange Offer shall not be permissible under applicable law or
Commission policy (after the procedures set forth in Section 6(a) below have been complied with), each of the Company and the Guarantors shall (i) file with the Commission an Exchange Offer Registration Statement, (ii) use their
commercially reasonable efforts to cause such Registration Statement to become effective under the Securities Act, (iii) in connection with the foregoing, file (A) all pre-effective amendments to such Registration Statement as may be
necessary in order to cause such Registration Statement to become effective, (B) if applicable, a post-effective amendment to such Registration Statement pursuant to Rule 430A under the Securities Act and (C) cause all necessary filings in
connection with the registration and qualification of the Exchange Securities to be made under the blue sky laws of such jurisdictions as are necessary to permit Consummation of the Exchange Offer and (iv) upon the effectiveness of such
Registration Statement, commence the Exchange Offer. The Exchange Offer Registration Statement shall be on the appropriate form permitting registration of the Exchange Securities to be offered in exchange for the Transfer Restricted Securities and
to permit resales of Transfer Restricted Securities held by Broker-Dealers as contemplated by Section 3(c) below. 
 (b) The Company and the Guarantors shall cause the Exchange Offer Registration Statement to be effective continuously and shall keep the Exchange Offer open for not less than 20 Business Days (or longer
if required by applicable law) after the date notice of the Exchange Offer is mailed to the Holders. The Company and the Guarantors shall cause the Exchange Offer to comply with all applicable federal and state securities laws. No securities other
than the Exchange Securities shall be included in the Exchange Offer Registration Statement. The Company and the Guarantors shall use their commercially reasonable efforts to Consummate the Exchange Offer on or prior to the 365th calendar day following the Closing Date (or if such 365th day is not a Business Day, the next succeeding Business Day) (the
“Exchange Date”). 
 (c) The Company shall indicate in a “Plan of Distribution” section contained in the
Prospectus forming a part of the Exchange Offer Registration Statement that any Broker-Dealer who holds Transfer Restricted Securities that were acquired for its own account as a result of market-making activities or other trading activities (other
than Transfer Restricted Securities acquired directly from the Company), may exchange such Transfer Restricted Securities pursuant to the Exchange Offer; however, such Broker-Dealer may be deemed to be (or, if required by the Commission, is) an
“underwriter” within the meaning of the Securities Act and 

  
 4 

 
must, therefore, deliver a prospectus meeting the requirements of the Securities Act in connection with any resales of the Exchange Securities received by such Broker-Dealer in the Exchange
Offer, which prospectus delivery requirement may be satisfied by the delivery by such Broker-Dealer of the Prospectus contained in the Exchange Offer Registration Statement. Such “Plan of Distribution” section shall also contain all other
information with respect to such resales by Broker-Dealers that the Commission may require in order to permit such resales pursuant thereto, but such “Plan of Distribution” shall not name any such Broker-Dealer or disclose the amount of
Transfer Restricted Securities held by any such Broker-Dealer except to the extent required by the Commission. 
 Each of the
Company and the Guarantors shall use their commercially reasonable efforts to keep the Exchange Offer Registration Statement continuously effective, supplemented and amended as required by the provisions of Section 6(c) hereof to the extent
necessary to ensure that it is available for resales of Transfer Restricted Securities acquired by Broker-Dealers for their own accounts as a result of market-making activities or other trading activities, and to ensure that it conforms with the
requirements of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as announced from time to time, for a period ending on the earlier of (i) 180 days from the date on which the Exchange Offer
Registration Statement is declared effective and (ii) the date on which a Broker-Dealer is no longer required to deliver a prospectus in connection with market-making or other trading activities. 

The Company shall provide sufficient copies of the latest version of such Prospectus to Broker-Dealers promptly upon request at any time
during such 180-day (or shorter as provided in the foregoing sentence) period in order to facilitate such resales. 
 Upon
Consummation of the Exchange Offer in accordance with this Section 3, the Company shall have no further obligation to register Transfer Restricted Securities (other than those as to which Section 4(a)(iii) hereof applies). 

SECTION 4. Shelf Registration. 
 (a) Shelf Registration. If (i) the Company and the Guarantors are not required to file an Exchange Offer Registration Statement or to Consummate the Exchange Offer because the Exchange Offer
is not permitted by applicable law or Commission policy (after the procedures set forth in Section 6(a) hereof have been complied with), (ii) for any reason the Exchange Offer is not Consummated by the Exchange Date, or (iii) with
respect to any Holder of Transfer Restricted Securities, (A) such Holder notifies the Company prior to the
20th Business Day following Consummation of the Exchange
Offer that such Holder is prohibited by applicable law or Commission policy from participating in the Exchange Offer, or (B) in the case of any Holder that participates in the Exchange Offer, such Holder notifies the Company that it did not
receive Exchange Securities on the date of the exchange that may be sold without restriction under state and federal securities laws (other than due solely to the status of such Holder as an affiliate of the Company within the meaning of the
Securities Act), or (C) such Holder is a Broker-Dealer and holds Transfer Restricted Securities acquired directly from the Company or one of its affiliates, then, upon such Holder’s request, the Company and the Guarantors shall 

  
 5 

 (x) promptly file, at their expense, a shelf registration statement pursuant to Rule 415
under the Securities Act, which may be an amendment to the Exchange Offer Registration Statement (in either event, the “Shelf Registration Statement”) after such filing obligation arises, which Shelf Registration Statement shall provide
for resales of all Transfer Restricted Securities the Holders of which shall have provided the information required pursuant to Section 4(b) hereof; and 

(y) use their commercially reasonable best efforts to cause such Shelf Registration Statement to be declared
effective by the Commission on or before (i) in the case of any Shelf Registration Statement required by clause (i) or (ii) of Section 4(a) above, the Exchange Date, and (ii) in the case of any Shelf Registration Statement
required by clause (iii) of Section 4(a) above, the 180th day after such filing obligation arises (or if such 180th day is not a Business Day, the next succeeding Business Day) (the date referred to in the foregoing clauses (i) and (ii), the “Shelf Effectiveness Date”). 

Each of the Company and the Guarantors shall use its commercially reasonable efforts to keep such Shelf Registration Statement
continuously effective, supplemented and amended as required by the provisions of Sections 6(b) and (c) hereof to the extent necessary to ensure that it is available for resales of Transfer Restricted Securities by the Holders of such
Securities entitled to the benefit of this Section 4(a), and to ensure that it conforms with the requirements of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as announced from time to time, until
the earliest of (i) two years following the Closing Date, (ii) such time as all of the applicable notes have been sold thereunder or (iii) the date upon which all Securities covered by such Shelf Registration Statement become eligible
for resale, without regard to volume, manner of sale or other restrictions contained in Rule 144 (such period, the “Shelf Registration Period”). 
 (b) Provision by Holders of Certain Information in Connection with the Shelf Registration Statement. No Holder of Transfer Restricted Securities may include any of its Transfer Restricted
Securities in any Shelf Registration Statement pursuant to this Agreement unless and until such Holder furnishes to the Company in writing, within 20 Business Days after receipt of a request therefor, such information as the Company may reasonably
request for use in connection with any Shelf Registration Statement or Prospectus or preliminary Prospectus included therein or deemed a part thereof. Each Holder as to which any Shelf Registration Statement is being effected agrees to furnish
promptly to the Company all information required to be disclosed in order to make the information previously furnished to the Company by such Holder not materially misleading. 
 SECTION 5. Additional Interest. The Company and the Initial Purchasers agree that the Holders will suffer damages if the Company fails to fulfill its obligations under Section 3 or
Section 4 hereof and that it would not be feasible to ascertain the extent of such damages with precision. Accordingly, the Company agrees to pay as liquidated damages, if (1) the Exchange Offer with respect to the Transfer Restricted
Securities is not Consummated on or prior to the Exchange Date or, in the case of any Shelf Registration Statement required by clause (i) or (ii) of Section 4(a), a Shelf Registration Statement with respect to a series of Securities
has not been declared effective on or prior to the applicable Shelf Effectiveness Date, (2) a Shelf Registration Statement with respect to a series of Securities is filed and declared effective but shall thereafter

  
 6 

 
cease to be effective or fails to be usable for its intended purpose without being succeeded immediately by a post-effective amendment to such Shelf Registration Statement that cures such failure
and that is itself immediately declared effective (other than because of the sale of all Securities registered thereunder or as a result of a notice given in accordance with Section 6(d) below for a period not to exceed the Shelf Suspension
Period permitted by Section 6(d) below), or (3) in the case of any Shelf Registration Statement required by clause (iii) of Section 4(a), notwithstanding clause (1) of this Section 5, the Company is required to file a
Shelf Registration Statement and such Shelf Registration Statement is not declared effective on or prior to the applicable Shelf Effectiveness Date (each such event referred to in clauses (1), (2) and (3) above, a “Registration
Default”), the Company hereby agrees that additional interest (“Additional Interest”) shall accrue on the principal amount of the Initial Securities that are still Transfer Restricted Securities at a rate of 0.25% per annum
(which rate will increase by an additional 0.25% per annum for each subsequent 90-day period that such Registration Default continues; provided that the rate at which such Additional Interest accrues shall in no event exceed
1.0% per annum) commencing on (x) the 366th day
following the Closing Date or, in the case of any Shelf Registration Statement required by clause (i) or (ii) of Section 4(a), the date following the applicable Shelf Effectiveness Date, in the case of clause (1) above,
(y) the date such Shelf Registration Statement ceases to be effective, in the case of clause (2) above, or (z) the date following the applicable Shelf Effectiveness Date, in the case of clause (3) above. Following the cure of all
Registration Defaults, Additional Interest will cease to accrue and the interest rate on the Securities will revert to the original rate; provided, however, that, if after the date such Additional Interest ceases to accrue, a different
Registration Default occurs, Additional Interest may again commence accruing pursuant to the foregoing provisions. 
 Any
amounts of Additional Interest due pursuant to this Section 5 will be payable in cash semiannually on the Interest Payment Dates applicable to the Holders of record specified in the Indenture, commencing with the first such date occurring after
any Additional Interest commences to accrue. 
 All obligations of the Company and the Guarantors set forth in the preceding
paragraph that are outstanding with respect to any Transfer Restricted Security at the time such security ceases to be a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been
satisfied in full; provided, however that it is understood that no additional obligations pursuant to the preceding paragraph will be incurred by the Company and the Guarantors with respect to any security after the time such security ceases
to be a Transfer Restricted Security. 
 Anything herein to the contrary notwithstanding, no Holder who (x) was eligible to
exchange such Holder’s outstanding Transfer Restricted Securities at the time that the Exchange Offer was pending and Consummated and (y) failed to validly tender such securities for exchange pursuant to the Exchange Offer shall be
entitled to receive any Additional Interest that would otherwise accrue subsequent to the date the Exchange Offer is Consummated pursuant to this Section 5. 

  
 7 

 SECTION 6. Registration Procedures. 

(a) Exchange Offer Registration Statement. In connection with the Exchange Offer, if required pursuant to Section 3(a)
hereof, the Company and the Guarantors shall comply with all of the provisions of Section 6(c) hereof, shall use their commercially reasonable efforts to effect such exchange to permit the sale of Transfer Restricted Securities being sold in
accordance with the intended method or methods of distribution thereof, and shall comply with all of the following provisions: 

(i) If in the reasonable opinion of counsel to the Company there is a question as to whether the Exchange Offer is permitted by
applicable law, each of the Company and the Guarantors hereby agrees to seek a no-action letter or other favorable decision from the Commission allowing the Company and the Guarantors to Consummate an Exchange Offer for such Transfer Restricted
Securities. Each of the Company and the Guarantors hereby agrees to pursue the issuance of such a decision to the Commission staff level but shall not be required to take commercially unreasonable action to effect a change of Commission policy. Each
of the Company and the Guarantors hereby agrees, however, to (A) participate in telephonic conferences with the Commission, (B) deliver to the Commission staff an analysis prepared by counsel to the Company setting forth the legal bases,
if any, upon which such counsel has concluded that such an Exchange Offer for such Transfer Restricted Securities should be permitted and (C) diligently pursue a favorable resolution by the Commission staff of such submission. 

(ii) As a condition to its participation in the Exchange Offer pursuant to the terms of this Agreement, each Holder of Transfer
Restricted Securities shall furnish, upon the request of the Company, prior to the Consummation thereof, a written representation to the Company (which may be contained in the letter of transmittal contemplated by the Exchange Offer Registration
Statement) to the effect that (A) it is acquiring the Exchange Securities in its ordinary course of business, (B) that, at the time of the commencement of the Exchange Offer, it has no arrangement or understanding with any Person to
participate in a distribution (within the meaning of the Securities Act) of the Exchange Securities to be issued in the Exchange Offer in violation of the Securities Act, (C) it is not an affiliate (as defined in Rule 405 under the Securities
Act) of the Company, (D) if such holder is not a Broker-Dealer, that it is not engaged in, and does not intend to engage in, the distribution of the Exchange Securities to be issued in the Exchange Offer, and (E) if such Holder is a
Broker-Dealer that has acquired the Exchange Securities that are Transfer Restricted Securities for its own account in exchange for Transfer Restricted Securities that were acquired as a result of market making activities or other trading
activities, that it will deliver a prospectus in connection with any resale of such Exchange Notes. In addition, all such Holders of Transfer Restricted Securities shall otherwise cooperate in the Company’s preparations for the Exchange Offer.
Each Holder hereby acknowledges and agrees that any Broker-Dealer and any such Holder using the Exchange Offer to participate in a distribution of the securities to be acquired in the Exchange Offer (1) could not under Commission policy as in
effect on the date of this Agreement rely on the position of the Commission enunciated in Morgan Stanley & Co., Inc. (available June 5, 1991) and Exxon Capital Holdings Corporation (available May 13, 1988), as
interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993, and similar no-action letters (which may include any no-action letter obtained pursuant to clause (i) above), and (2) must comply with the
registration and prospectus delivery or availability, if applicable, requirements of the Securities Act in connection with a secondary resale transaction and that such a secondary resale 

  
 8 

 
transaction should be covered by an effective registration statement containing the selling security holder information required by Item 507 or 508, as applicable, of Regulation S-K if the
resales are of Exchange Securities obtained by such Holder in exchange for Transfer Restricted Securities acquired by such Holder directly from the Company. 
 (b) Shelf Registration Statement. If required pursuant to Section 4, in connection with the Shelf Registration Statement, each of the Company and the Guarantors shall comply with all the
provisions of Section 6(c) hereof and shall use its commercially reasonable best efforts to effect such registration to permit the sale of the Transfer Restricted Securities being sold in accordance with the intended method or methods of
distribution thereof, and pursuant thereto each of the Company and the Guarantors will, in accordance with Section 4 above, prepare and file with the Commission a Registration Statement relating to the registration on any appropriate form under
the Securities Act, which form shall be available for the sale of the Transfer Restricted Securities in accordance with the intended method or methods of distribution thereof. 
 (c) General Provisions. In connection with any Registration Statement and any Prospectus required by this Agreement to permit the sale or resale of Transfer Restricted Securities (including,
without limitation, any Registration Statement and the related Prospectus required to permit resales of Transfer Restricted Securities by Broker-Dealers), each of the Company and the Guarantors shall: 

(i) use its commercially reasonable efforts to keep such Registration Statement continuously effective (subject to any Shelf Suspension
Periods permitted by Section 6(d) below) and provide all requisite financial statements (including, if required by the Securities Act or any regulation thereunder, financial statements of the Guarantors for the period specified in
Section 3 or 4 hereof, as applicable; upon the occurrence of any event that would cause any such Registration Statement or the Prospectus contained therein (A) to contain a material misstatement or omission or (B) not to be effective
and usable for resale of Transfer Restricted Securities during the period required by this Agreement, the Company shall (subject to any Shelf Suspension Periods permitted by Section 6(d) below) file promptly an appropriate amendment to such
Registration Statement, in the case of clause (A), correcting any such misstatement or omission, and, in the case of either clause (A) or (B), use its commercially reasonable best efforts to cause such amendment to be declared effective and
such Registration Statement and the related Prospectus to become usable for their intended purpose(s) as soon as practicable thereafter; 
 (ii) prepare and file with the Commission such amendments and post-effective amendments to the applicable Registration Statement as may be necessary to keep the Registration Statement (including Free
Writing Prospectuses, if any) effective for the applicable period set forth in Section 3 or 4 hereof, as applicable, or such shorter period as will terminate when all Transfer Restricted Securities covered by such Registration Statement have
been sold or otherwise cease to be Transfer Restricted Securities; cause the Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 under the Securities Act, and to comply fully
with the applicable provisions of Rules 424 and 430A under the Securities Act in a timely manner; and comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such Registration Statement during
the applicable period in accordance with the intended method or methods of distribution by the sellers thereof set forth in such Registration Statement or supplement to the Prospectus; 

  
 9 

 (iii) advise the underwriter(s), if any, and selling Holders promptly and, if requested by
such Persons, to confirm such advice in writing, (A) when the Prospectus or any prospectus supplement or post-effective amendment has been filed, and, with respect to any Registration Statement or any post-effective amendment thereto, when the
same has become effective under the Securities Act, (B) of any request by the Commission for amendments to the Registration Statement or amendments or supplements to the Prospectus or for additional information relating thereto, (C) of the
issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement under the Securities Act or of the suspension by any state securities commission of the qualification of the Transfer Restricted Securities for
offering or sale in any jurisdiction, or the initiation of any proceeding for any of the preceding purposes, or (D) of the existence of any fact or the happening of any event that makes any statement of a material fact made in the Registration
Statement, the Prospectus, any amendment or supplement thereto, or any document incorporated by reference therein untrue, or that requires the making of any additions to or changes in the Registration Statement or the Prospectus in order to make the
statements therein not misleading. If at any time the Commission shall issue any stop order suspending the effectiveness of the Registration Statement, or any state securities commission or other regulatory authority shall issue an order suspending
the qualification or exemption from qualification of the Transfer Restricted Securities under state securities or blue sky laws, each of the Company and the Guarantors shall use their commercially reasonable efforts to obtain the withdrawal or
lifting of such order at the earliest possible time; 
 (iv) furnish without charge to each of the Initial Purchasers, each
selling Holder named in any Registration Statement, and each of the underwriter(s), if any, before filing with the Commission, copies of any Registration Statement or any Prospectus included therein or any amendments or supplements to any such
Registration Statement or Prospectus (including all documents incorporated by reference after the initial filing of such Registration Statement), which documents will be subject to the review and comment of such Holders and underwriter(s) in
connection with such sale, if any, for a period of at least five Business Days, and the Company will not file any such Registration Statement or Prospectus or any amendment or supplement to any such Registration Statement or Prospectus (including
all such documents incorporated by reference) to which an Initial Purchaser of Transfer Restricted Securities covered by such Registration Statement or the underwriter(s), if any, shall reasonably object in writing within five Business Days after
the receipt thereof (such objection to be deemed timely made upon confirmation of telecopy transmission within such period). The objection of an Initial Purchaser or underwriter, if any, shall be deemed to be reasonable if such Registration
Statement, amendment, Prospectus or supplement, as applicable, as proposed to be filed, contains a material misstatement or omission; 
 (v) promptly prior to the filing of any document that is to be incorporated by reference into a Registration Statement or Prospectus, provide copies of such document to the Initial Purchasers, each
selling Holder named in any Registration Statement, and to the underwriter(s), if any, make the Company’s and the Guarantors’ representatives available for discussion of such document and other customary due diligence matters, and give
reasonable consideration to any comments provided by such selling Holders or underwriter(s), if any, on such document prior to the filing thereof; 

  
 10 

 (vi) make available at reasonable times for inspection by the Initial Purchasers and the
managing underwriter(s) (if any such Initial Purchasers or underwriter(s) are participating in any disposition pursuant to such Registration Statement) and any attorney or accountant retained by such Initial Purchasers or any of the underwriter(s),
if any, subject to customary agreements regarding confidentiality and use of such information, all financial and other records, pertinent corporate documents and properties of each of the Company and the Guarantors as shall be reasonably requested
to enable them to exercise any applicable due diligence responsibilities and cause the Company’s and the Guarantors’ officers, directors and employees to supply all information, all to the extent as may reasonably requested by any such
Holder, underwriter, attorney or accountant in connection with such Registration Statement or any post-effective amendment thereto subsequent to the filing thereof and prior to its effectiveness and to participate in meetings with investors to the
extent requested by the managing underwriter(s), if any; 
 (vii) if requested by any selling Holders or the underwriter(s), if
any, promptly incorporate in any such Registration Statement or Prospectus, pursuant to a supplement or post-effective amendment if necessary, such information as such selling Holders and underwriter(s), if any, may reasonably request to have
included therein, including, without limitation, information relating to the “Plan of Distribution” of the Transfer Restricted Securities, information with respect to the principal amount of Transfer Restricted Securities being sold to
such underwriter(s), the purchase price being paid therefor and any other terms of the offering of the Transfer Restricted Securities to be sold in such offering; and make all required filings of such Prospectus supplement or post-effective
amendment as soon as practicable after the Company is notified of the matters to be incorporated in such Prospectus supplement or post-effective amendment; 
 (viii) cause the Transfer Restricted Securities covered by the Shelf Registration Statement to be rated with the appropriate rating agencies, if so requested by the Holders of a majority in aggregate
principal amount of Securities covered thereby or the underwriter(s), if any; 
 (ix) furnish to each Initial Purchaser, each
selling Holder and each of the underwriter(s), if any, without charge, at least one copy of the Shelf Registration Statement, as first filed with the Commission, and of each amendment thereto, including financial statements and schedules, all
documents incorporated by reference therein and all exhibits (including exhibits incorporated therein by reference); 
 (x)
deliver to each selling Holder and each of the underwriter(s), if any, without charge, as many copies of the Prospectus (including each preliminary prospectus and Free Writing Prospectus, if any) and any amendment or supplement thereto as such
Persons reasonably may request; each of the Company and the Guarantors hereby consents to the use of the Prospectus and any amendment or supplement thereto by each of the selling Holders named in such Prospectus and each of the underwriter(s), if
any, in connection with the offering and the sale of the Transfer Restricted Securities covered by the Prospectus or any amendment or supplement thereto; 

  
 11 

 (xi) enter into such customary agreements (including an underwriting agreement), and make
such customary representations and warranties, and take all such other reasonable actions in connection therewith in order to expedite or facilitate the disposition of the Transfer Restricted Securities pursuant to any Registration Statement
contemplated by this Agreement, all to such extent as may be reasonably requested by any Initial Purchaser or by Holders holding a majority in aggregate principal amount of the Transfer Restricted Securities participating in such registration or any
underwriter in connection with any sale or resale pursuant to any Registration Statement contemplated by this Agreement; and whether or not an underwriting agreement is entered into and whether or not the registration is an Underwritten
Registration, each of the Company and the Guarantors shall: 
 (A) furnish to each Initial Purchaser, each selling Holder and
each underwriter, if any, in such substance and scope as they may request and as are customarily made by issuers to underwriters in primary underwritten offerings, upon the date of the Consummation of the Exchange Offer or, if applicable, the
effectiveness of any Shelf Registration Statement: 
 (1) a certificate, dated the date of Consummation of the Exchange Offer
or the date of effectiveness of the Shelf Registration Statement, as the case may be, signed by (y) the President or any Vice President and (z) a principal financial or accounting officer of each of the Company and the Guarantors,
confirming, as of the date thereof, the matters set forth in paragraphs (i), (ii) and (iii) of Section 5(e) of the Purchase Agreement; 
 (2) an opinion, dated the date of Consummation of the Exchange Offer or the date of effectiveness of the Shelf Registration Statement, as the case may be, of counsel for the Company and the Guarantors,
covering the matters set forth in Section 5(c) of the Purchase Agreement, and in any event including a statement to the effect that such counsel has participated in conferences with officers and other representatives of the Company and the
Guarantors, representatives of the independent public accountants for the Company and the Guarantors, representatives of the underwriter(s), if any, and counsel to the underwriter(s), if any, in connection with the preparation of such Registration
Statement and the related Prospectus and have considered the matters required to be stated therein and the statements contained therein, although such counsel has not independently verified the accuracy, completeness or fairness of such statements;
and that such counsel advises that, on the basis of the foregoing, no facts came to such counsel’s attention that caused such counsel to believe that the applicable Registration Statement, at the time such Registration Statement or any
post-effective amendment thereto became effective, and, in the case of the Exchange Offer Registration Statement, as of the date of Consummation, contained an untrue statement of a material fact or omitted to state a material fact required to be
stated therein or necessary to make the statements therein not misleading, or that the Prospectus contained in such Registration Statement as of its date and, in the case of the opinion dated the date of Consummation of the Exchange Offer, as of the
date of Consummation, contained an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein not misleading. Without limiting the foregoing, such counsel may state further that such
counsel assumes no responsibility for, and has not independently verified, the accuracy, completeness or fairness of the financial statements, notes and schedules and other financial data included in any Registration Statement contemplated by this
Agreement or the related Prospectus; and 

  
 12 

 (3) a customary comfort letter, dated the date of effectiveness of the Shelf Registration
Statement, from the Company’s independent accountants, in the customary form and covering matters of the type customarily requested to be covered in comfort letters by underwriters in connection with primary underwritten offerings, and covering
or affirming the matters set forth in the comfort letters delivered pursuant to Section 5(a) of the Purchase Agreement; 

(B) set forth in full or incorporate by reference in the underwriting agreement, if any, the indemnification provisions and procedures
of Section 8 hereof with respect to all parties to be indemnified pursuant to said Section; and 
 (C) deliver such other
documents and certificates as may be reasonably requested by such parties to evidence compliance with Section 6(c)(xi)(A) hereof and with any customary conditions contained in the underwriting agreement or other agreement entered into by the
Company or any of the Guarantors pursuant to this Section 6(c)(xi), if any. 
 If at any time following the delivery of the
certificate contemplated in Section 6(c)(xi)(A)(l) hereof the representations and warranties of the Company and the Guarantors offered in such certificate cease to be true and correct, the Company or the Guarantors shall so advise the Initial
Purchasers and the underwriter(s), if any, and each selling Holder promptly and, if requested by such Persons, shall confirm such advice in writing; 
 (xii) prior to any public offering of Transfer Restricted Securities pursuant to a Shelf Registration Statement, cooperate with the selling Holders, the underwriter(s), if any, and their respective
counsel in connection with the registration and qualification of the Transfer Restricted Securities under the state securities or blue sky laws of such jurisdictions as the selling Holders or underwriter(s), if any, may request and do any and all
other acts or things necessary or advisable to enable the disposition in such jurisdictions of the Transfer Restricted Securities covered by the Shelf Registration Statement; provided, however, that neither the Company nor the Guarantors
shall be required to register or qualify as a foreign corporation where it is not then so qualified or to take any action that would subject it to the service of process in suits or to taxation, other than as to matters and transactions relating to
the Registration Statement, in any jurisdiction where it is not then so subject; 
 (xiii) shall issue, upon the request of any
Holder of Transfer Restricted Securities covered by the Shelf Registration Statement upon such sale pursuant to such Shelf Registration Statement, Exchange Securities, having an aggregate principal amount equal to the aggregate principal amount of
Transfer Restricted Securities surrendered to the Company by such Holder in exchange therefor or being sold by such Holder; such Exchange Securities to be registered in the name of such Holder or in the name of the purchaser(s) of such Securities,
as the case may be; in return, the Transfer Restricted Securities held by such Holder shall be surrendered to the Company for cancellation; 

  
 13 

 (xiv) cooperate with the selling Holders and the underwriter(s), if any, to facilitate the
timely preparation and delivery of certificates representing Transfer Restricted Securities to be sold and not bearing any restrictive legends; and enable such Transfer Restricted Securities to be in such denominations and registered in such names
as the Holders or the underwriter(s), if any, may request at least two Business Days prior to any sale of Transfer Restricted Securities made by such Holders or underwriter(s); 

(xv) use its commercially reasonable efforts to cause the Transfer Restricted Securities covered by the Registration Statement to be
registered with or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the underwriter(s), if any, to consummate the disposition of such Transfer Restricted Securities, subject
to the proviso contained in Section 6(c)(xii) hereof; 
 (xvi) if any fact or event contemplated by
Section 6(c)(iii)(D) hereof shall exist or have occurred, prepare a supplement or post-effective amendment to such Registration Statement or related Prospectus or any document incorporated therein by reference or file any other required
document so that, as thereafter delivered to the purchasers of Transfer Restricted Securities, the Prospectus will not contain an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements
therein, in light of the circumstances under which they were made, not misleading; 
 (xvii) provide a CUSIP number for all
Securities not later than the effective date of such Registration Statement covering such Securities and provide the Trustee under the Indenture with printed certificates for such Securities which are in a form eligible for deposit with the
Depository Trust Company and take all other action necessary to ensure that all such Securities are eligible for deposit with the Depository Trust Company; 
 (xviii) cooperate and assist in any filings required to be made with FINRA and in the performance of any due diligence investigation by any underwriter (including any “qualified independent
underwriter”) that is required to be retained in accordance with the rules and regulations of FINRA; 
 (xix) otherwise use
its commercially reasonable efforts to comply with all applicable rules and regulations of the Commission, and make generally available to its security holders, as soon as practicable, a consolidated earnings statement meeting the requirements of
Rule 158 (which need not be audited) for the twelve-month period (A) commencing at the end of any fiscal quarter in which Transfer Restricted Securities are sold to underwriters in a firm commitment or best efforts Underwritten Offering or
(B) if not sold to underwriters in such an offering, beginning with the first month of the Company’s first fiscal quarter commencing after the effective date of such Registration Statement; 

(xx) cause the Indenture to be qualified under the Trust Indenture Act not later than the effective date of the first Registration
Statement required by this Agreement, and, in connection therewith, cooperate with the Trustee and the Holders of Securities to effect such changes to the Indenture as may be required for such Indenture to be so qualified in accordance with the
terms of the Trust Indenture Act; and to execute and use its commercially reasonable efforts to cause the Trustee to execute, all documents that may be required to effect such changes and all other forms and documents required to be filed with the
Commission to enable such Indenture to be so qualified in a timely manner; 

  
 14 

 (xxi) cause all Securities covered by the Registration Statement to be listed on each
securities exchange or automated quotation system on which similar securities issued by the Company are then listed if requested by the Holders of a majority in aggregate principal amount of Transfer Restricted Securities or the managing
underwriter(s), if any; 
 (xxii) provide promptly to each Holder upon request each document filed with the Commission pursuant
to the requirements of Section 13 and Section 15 of the Exchange Act; and 
 (xxiii) to the extent any Free Writing
Prospectus is used, file with the Commission any Free Writing Prospectus that is required to be filed with the Commission in accordance with the Securities Act and to retain any Free Writing Prospectus not required to be filed in accordance with the
requirements of the Securities Act. 
 Each Holder agrees by acquisition of a Transfer Restricted Security that, upon receipt of
any notice from the Company of the existence of any fact of the kind described in Section 6(c)(iii)(D) hereof, such Holder will forthwith discontinue disposition of Transfer Restricted Securities (or Exchange Securities in the case of any
Broker-Dealer) pursuant to the applicable Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 6(c)(xvi) hereof, or until it is advised in writing (the
“Advice”) by the Company that the use of the Prospectus may be resumed, and has received copies of any additional or supplemental filings that are incorporated by reference in the Prospectus. If so directed by the Company, each Holder will
deliver to the Company (at the Company’s expense) all copies, other than permanent file copies then in such Holder’s possession, of the Prospectus covering such Transfer Restricted Securities that was current at the time of receipt of such
notice. In the event the Company shall give any such notice, the time period regarding the effectiveness of such Registration Statement set forth in Section 3 or 4 hereof, as applicable, shall be extended by the number of days during the period
from and including the date of the giving of such notice pursuant to Section 6(c)(iii)(D) hereof to and including the date when each selling Holder covered by such Registration Statement shall have received the copies of the supplemented or
amended Prospectus contemplated by Section 6(c)(xvi) hereof or shall have received the Advice; provided, however, that no such extension shall be taken into account in determining whether Additional Interest is due pursuant to
Section 5 hereof or the amount of such Additional Interest, it being agreed that the Company’s option to suspend use of a Registration Statement pursuant to this paragraph shall be treated as a Registration Default for purposes of
Section 5 hereof. 
 (d) The Company will have the ability to suspend a Shelf Registration Statement (a “Shelf
Suspension Period”), if the Company’s Board of Directors determines, in its reasonable business judgment, upon advice of counsel, that the continued effectiveness and use of the Shelf Registration Statement would require the disclosure of
confidential information or interfere with any financing, acquisition, reorganization or other material transaction involving the Company. A Shelf Suspension Period shall commence on and include the date that the Company gives notice that the Shelf
Registration Statement is no longer effective or the Prospectus included 

  
 15 

 
therein is no longer usable for offers and sales of Transfer Restricted Securities covered by such Registration Statement and continue until holders of such Transfer Restricted Securities either
receive the copies of the supplemented or amended Prospectus contemplated by Section 6(c) above or are advised in writing by the Company that use of the Prospectus may be resumed. The Company will not be permitted to exercise its rights under
this paragraph more than two (2) in any twelve-month period, and any such suspensions may not exceed 60 consecutive days. 

SECTION 7. Registration Expenses. 
 (a) All expenses incident to the Company’s and the Guarantors’ performance of or compliance with this Agreement will be borne by the Company and the Guarantors, jointly and severally, regardless
of whether a Registration Statement becomes effective, including, without limitation: (i) all registration and filing fees and expenses (including filings made by any Initial Purchaser or Holder with FINRA (and, if applicable, the fees and
expenses of any “qualified independent underwriter” and its counsel that may be required by the rules and regulations of FINRA)); (ii) all fees and expenses of compliance with federal securities and state securities or blue sky laws;
(iii) all expenses of printing (including printing certificates for the Exchange Securities to be issued in the Exchange Offer and printing of Prospectuses), messenger and delivery services and telephone; (iv) all fees and disbursements of
counsel for the Company, the Guarantors and, subject to Section 7(b) hereof, the Holders of Transfer Restricted Securities; (v) all application and filing fees in connection with listing the Exchange Securities on a securities exchange or
automated quotation system pursuant to the requirements thereof; (vi) all fees and disbursements of independent certified public accountants of the Company and the Guarantors (including the expenses of any special audit and comfort letters
required by or incident to such performance) and (vii) all fees and expenses of the exchange agent and the Trustee, including the fees and disbursements of their counsel. 
 Each of the Company and the Guarantors will, in any event, bear its internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting
duties), the expenses of any annual audit and the fees and expenses of any Person, including special experts, retained by the Company or the Guarantors. 
 (b) In connection with any Registration Statement required by this Agreement (including, without limitation, any Exchange Offer Registration Statement and any Shelf Registration Statement), the Company
and the Guarantors, jointly and severally, will reimburse the Initial Purchasers and the Holders of Transfer Restricted Securities being tendered in the Exchange Offer and/or resold pursuant to the “Plan of Distribution” contained in the
Exchange Offer Registration Statement or registered pursuant to the Shelf Registration Statement, as applicable, for the reasonable fees and disbursements of not more than one counsel, who shall be Fried, Frank, Harris, Shriver & Jacobson
LLP or such other counsel as may be chosen by the Holders of a majority in principal amount of the Transfer Restricted Securities for whose benefit such Registration Statement is being prepared. 

SECTION 8. Indemnification. 
 (a) The Company and the Guarantors, jointly and severally, agree to indemnify and hold harmless (i) each Holder and (ii) each Person, if any, who controls (within the meaning of

  
 16 

 
Section 15 of the Securities Act or Section 20 of the Exchange Act) any Holder (any of the Persons referred to in this clause (ii) being hereinafter referred to as a
“controlling person”) and (iii) the respective officers, directors, partners, employees, representatives and agents of any Holder or any controlling person (any Person referred to in clause (i), (ii) or (iii) may hereinafter
be referred to as an “Indemnified Holder”), to the fullest extent lawful, from and against any and all losses, claims, damages, liabilities, judgments, actions and expenses (including, without limitation, and as incurred, reimbursement of
all reasonable costs of investigating, preparing, pursuing, settling, compromising, paying or defending any claim or action, or any investigation or proceeding by any governmental agency or body, commenced or threatened, including the reasonable
fees and expenses of counsel to any Indemnified Holder), joint or several, directly or indirectly caused by, related to, based upon, arising out of or in connection with any untrue statement or alleged untrue statement of a material fact contained
in any Registration Statement or Prospectus (including any Free Writing Prospectus, if any) or any amendment or supplement thereto, or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to
make the statements therein (in the case of any Prospectus (including any Free Writing Prospectus, if any), in light of the circumstances under which they were made) not misleading, except insofar as such losses, claims, damages, liabilities or
expenses are caused by an untrue statement or omission or alleged untrue statement or omission that is made in reliance upon and in conformity with information relating to any of the Holders furnished in writing to the Company by any of the Holders
expressly for use therein. This indemnity agreement shall be in addition to any liability which the Company or any of the Guarantors may otherwise have. 
 In case any action or proceeding (including any governmental or regulatory investigation or proceeding) shall be brought or asserted against any of the Indemnified Holders with respect to which indemnity
may be sought against the Company or the Guarantors, such Indemnified Holder (or the Indemnified Holder controlled by such controlling person) shall promptly notify the Company and the Guarantors in writing; provided, however, that the
failure to give such notice shall not relieve any of the Company or the Guarantors of its obligations pursuant to this Agreement except to the extent that any of the Company or the Guarantors are materially prejudiced as a proximate result of such
failure. In case any such action is brought against any of the Indemnified Holders and such Indemnified Holder seeks or intends to seek indemnity from the Company or the Guarantors, the Company and the Guarantors will be entitled to participate in
and, to the extent that they shall elect, jointly with all other indemnifying parties similarly notified, by written notice delivered to such Indemnified Holders promptly after receiving the aforesaid notice from such Indemnified Holders, to assume
the defense thereof with counsel reasonably satisfactory to such Indemnified Holders; provided, however, if the defendants in any such action include both the Indemnified Holders and the Company or the Guarantors, and any Indemnified Holder
shall have reasonably concluded (based on the advice of counsel) that a conflict may arise between the positions of the Company or the Guarantors and such Indemnified Holder in conducting the defense of any such action or that there may be legal
defenses available to it and/or the other Indemnified Holders which are different from or additional to those available to the Company or the Guarantors, such Indemnified Holder shall have the right to select separate counsel to assume such legal
defenses and to otherwise participate in the defense of such action on behalf of such Indemnified Holder. Upon receipt of notice from the Company and the Guarantors to the Indemnified Holders of the Company and the Guarantors’ election to so
assume the defense of such action and approval by the Indemnified Holders of counsel, the Company and the Guarantors will not be liable to such Indemnified Holders under this Section 8 

  
 17 

 
for any legal or other expenses subsequently incurred by such Indemnified Holders in connection with the defense thereof unless (i) an Indemnified Holder shall have employed separate counsel
in accordance with the proviso to the immediately preceding sentence (it being understood, however, that the Company and the Guarantors shall not be liable for the reasonable fees and expenses of more than one separate counsel (in addition to any
local counsel), approved by the Company and the Guarantors, representing the Indemnified Holders who are parties to such action) or (ii) the Company and the Guarantors shall not have employed counsel reasonably satisfactory to the Indemnified
Holders to represent the Indemnified Holders within a reasonable time after notice of commencement of the action, in each of which cases the reasonable fees and expenses of one counsel (in addition to any local counsel) for all such Indemnified
Holders shall be at the expense of the Company and the Guarantors. Any such separate counsel for all Indemnified Holders shall be designated in writing by the Holders who sold a majority in aggregate principal amount of the Transfer Restricted
Securities sold by all Holders under such Registration Statement. The Company and the Guarantors shall be liable for any settlement of any such action or proceeding effected with the Company’s and the Guarantors’ prior written consent,
which consent shall not be withheld unreasonably, and each of the Company and the Guarantors agrees to indemnify and hold harmless any Indemnified Holder from and against any loss, claim, damage, liability or expense by reason of any settlement of
any action effected with the written consent of the Company and the Guarantors. The Company and the Guarantors shall not, without the prior written consent of each Indemnified Holder, settle or compromise or consent to the entry of judgment in or
otherwise seek to terminate any pending or threatened action, claim, litigation or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not any Indemnified Holder is a party thereto), unless such
settlement, compromise, consent or termination includes an unconditional release of each Indemnified Holder from all liability arising out of such action, claim, litigation or proceeding. 

(b) Each Holder of Transfer Restricted Securities agrees, severally and not jointly, to indemnify and hold harmless the Company, the
Guarantors and their respective directors, officers of the Company and the Guarantors who sign a Registration Statement, and any Person controlling (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act)
the Company or any of the Guarantors, and the respective officers, directors, partners, employees, representatives and agents of each such Person, to the same extent as the foregoing indemnity from the Company and the Guarantors to each of the
Indemnified Holders, but only with respect to claims and actions based on information relating to such Holder furnished in writing by such Holder expressly for use in any Registration Statement or Prospectus (including any Free Writing Prospectus,
if any) or any amendment or supplement thereto. In case any action or proceeding shall be brought against the Company, the Guarantors or their respective directors or officers or any such controlling person in respect of which indemnity may be
sought against a Holder of Transfer Restricted Securities, such Holder shall have the rights and duties given the Company and the Guarantors, and the Company, the Guarantors, their respective directors and officers and such controlling person shall
have the rights and duties given to each Holder by the preceding paragraph. 
 (c) If the indemnification provided for in this
Section 8 is unavailable to an indemnified party under Section 8(a) or (b) hereof (other than by reason of exceptions provided in those Sections) in respect of any losses, claims, damages, liabilities, judgments, actions or expenses
referred to therein, then each applicable indemnifying party, in lieu of indemnifying 

  
 18 

 
such indemnified party, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages, liabilities or expenses (i) in such proportion
as is appropriate to reflect the relative benefits received by the Company and the Guarantors from the offering of Securities, on the one hand, and by the Holders from receiving Securities registered under the Securities Act, on the other hand, or
(ii) if the allocation provided by clause (i) is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) but also the relative fault of the Company and
the Guarantors on the one hand and the Holders, on the other hand, in connection with the statements or omissions that resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations. The
relative fault of the Company on the one hand and of the Indemnified Holder on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission
to state a material fact relates to information supplied by the Company or any of the Guarantors, on the one hand, or the Indemnified Holders, on the other hand, and the parties’ relative intent, knowledge, access to information and opportunity
to correct or prevent such statement or omission. The amount paid or payable by a party as a result of the losses, claims, damages, liabilities and expenses referred to above shall be deemed to include, subject to the limitations set forth in the
second paragraph of Section 8(a) hereof, any legal or other fees or expenses reasonably incurred by such party in connection with investigating or defending any action or claim. 

The Company, the Guarantors and each Holder of Transfer Restricted Securities agree that it would not be just and equitable if
contribution pursuant to this Section 8(c) were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations
referred to in the immediately preceding paragraph. The amount paid or payable by an indemnified party as a result of the losses, claims, damages, liabilities or expenses referred to in the immediately preceding paragraph shall be deemed to include,
subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8, none
of the Holders (and their related Indemnified Holders) shall be required to contribute, in the aggregate, any amount in excess of the amount by which the total discount received by such Holder with respect to the Transfer Restricted Securities
exceeds the amount of any damages which such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(c) are several in
proportion to the respective principal amount of Transfer Restricted Securities held by each of the Holders hereunder and not joint. 
 SECTION 9. Rule 144A. Each of the Company and the Guarantors hereby agrees with each Holder, for so long as any Transfer Restricted Securities remain outstanding, to make available to any Holder or
beneficial owner of Transfer Restricted Securities in connection with any sale thereof and any prospective purchaser of such Transfer Restricted Securities from such Holder or beneficial owner, the information required by Rule 144A(d)(4) under the
Securities Act in order to permit resales of such Transfer Restricted Securities pursuant to Rule 144A under the Securities Act. 

  
 19 

 SECTION 10. Participation in Underwritten Registrations. The Company shall not be
required to assist in an Underwritten Offering or Underwritten Registration unless requested by (a) one or more of the Initial Purchasers in connection with the resale of any Transfer Restricted Securities received by such Initial Purchaser on
the Closing Date or (b) Holders of a majority in aggregate principal amount of the Transfer Restricted Securities. No Holder may participate in any Underwritten Registration hereunder unless such Holder (a) agrees to sell such
Holder’s Transfer Restricted Securities on the basis provided in any underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements and (b) completes and executes all reasonable questionnaires, powers of
attorney, indemnities, underwriting agreements, lock-up letters and other documents required under the terms of such underwriting arrangements. 
 SECTION 11. Selection of Underwriters. The Holders of Transfer Restricted Securities covered by the Shelf Registration Statement who desire to do so may sell such Transfer Restricted Securities in
an Underwritten Offering. In any such Underwritten Offering, the investment banker(s) and managing underwriter(s) that will administer such offering will be selected by the Holders of a majority in aggregate principal amount of the Transfer
Restricted Securities included in such offering; provided, however, that such investment banker(s) and managing underwriter(s) must be reasonably satisfactory to the Company. 
 SECTION 12. Miscellaneous. 
 (a) Remedies. Each of the Company and the
Guarantors hereby agrees that monetary damages would not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Agreement and hereby agree to waive the defense in any action for specific performance that
a remedy at law would be adequate. 
 (b) No Inconsistent Agreements. Each of the Company and the Guarantors will not on
or after the date of this Agreement enter into any agreement with respect to its debt securities that is inconsistent with the rights granted to the Holders in this Agreement or otherwise conflicts with the provisions hereof. Neither the Company nor
the Guarantors have previously entered into any agreement granting any registration rights with respect to its debt securities to any Person. The rights granted to the Holders hereunder do not in any way conflict with and are not inconsistent with
the rights granted to the holders of the Company’s or any of the Guarantors’ securities under any agreement in effect on the date hereof. 
 (c) Adjustments Affecting the Securities. The Company and the Guarantors will not take any action, or agree to any change, with respect to the Securities that would materially and adversely affect
the ability of the Holders to Consummate the Exchange Offer on the terms specified herein. 
 (d) Amendments and Waivers.
The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents to or departures from the provisions hereof may not be given unless the Company has (i) in the case of Section 5 hereof and this
Section 12(d)(i), obtained the written consent of Holders of all outstanding Transfer 

  
 20 

 
Restricted Securities and (ii) in the case of all other provisions hereof, obtained the written consent of Holders of a majority of the outstanding principal amount of Transfer Restricted
Securities (excluding any Transfer Restricted Securities held by the Company or its Affiliates). Notwithstanding the foregoing, a waiver or consent to departure from the provisions hereof that relates exclusively to the rights of Holders whose
securities are being tendered pursuant to an Exchange Offer and that does not affect directly or indirectly the rights of other Holders whose securities are not being tendered pursuant to such Exchange Offer may be given by the Holders of a majority
of the outstanding principal amount of Transfer Restricted Securities being tendered or registered; provided, however, that, with respect to any matter that directly or indirectly affects the rights of any Initial Purchaser hereunder, the
Company shall obtain the written consent of each such Initial Purchaser with respect to which such amendment, qualification, supplement, waiver, consent or departure is to be effective. 

(e) Notices. All notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery,
first-class mail (registered or certified, return receipt requested), telecopier, or air courier guaranteeing overnight delivery: 
 (i) if to a Holder, at the address set forth on the records of the Registrar under the Indenture, with a copy to the Registrar under the Indenture; and 

(ii) if to the Company or the Guarantors: 
 American Tire Distributors, Inc. 
 12200 Herbert Wayne Court, Suite
150 
 Huntersville, North Carolina 28078 

Facsimile: (704) 947-1919 
 Attention: J. Michael Gaither, Corporate Secretary 
 With a copy
to: 
 Simpson Thacher & Bartlett LLP 

425 Lexington Avenue 
 New York, New York 10017 
 Facsimile: (212) 455-3189

 Attention: Edward P. Tolley III, Esq. 

All such notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five
Business Days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when receipt acknowledged, if telecopied; and on the next Business Day, if timely delivered to an air courier guaranteeing overnight
delivery. 
 Copies of all such notices, demands or other communications shall be concurrently delivered by the Person giving
the same to the Trustee at the address specified in the Indenture. 
 (f) Successors and Assigns. This Agreement shall
inure to the benefit of and be binding upon the successors and assigns of each of the parties, including, without limitation, and 

  
 21 

 
without the need for an express assignment, subsequent Holders of Transfer Restricted Securities; provided, however, that this Agreement shall not inure to the benefit of or be binding upon a
successor or assign of a Holder unless and only to the extent such successor or assign acquired Transfer Restricted Securities from such Holder. 
 (g) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same agreement. 
 (h) Headings. The headings in this
Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof. 
 (i) Governing
Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 (j)
Severability. In the event that any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in
every other respect and of the remaining provisions contained herein shall not be affected or impaired thereby. 
 (k) Entire
Agreement. This Agreement is intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter
contained herein. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein with respect to the registration rights granted by the Company and the Guarantors with respect to the Transfer
Restricted Securities. This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter. 

  
 22 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above. 
  

					
	AMERICAN TIRE DISTRIBUTORS, INC.
		
	By:	 	 /s/ J. Michael Gaither

		 	Name:	 	J. Michael Gaither
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	AM-PAC TIRE DIST. INC.
		
	By:	 	 /s/ J. Michael Gaither

		 	Name:	 	J. Michael Gaither
		 	Title:	 	Vice President and Secretary
	
	 AMERICAN TIRE DISTRIBUTORS
 HOLDINGS, INC.

		
	By:	 	 /s/ J. Michael Gaither

		 	Name:	 	J. Michael Gaither
		 	Title:	 	Executive Vice President, General Counsel and Secretary

 The foregoing Registration Rights Agreement is hereby confirmed and accepted by the Initial Purchasers as of
the date first above written. 
  

					
	Banc of America Securities LLC
	Barclays Capital Inc.
	RBC Capital Markets Corporation
	UBS Securities LLC
		
	By:	 	BANC OF AMERICA SECURITIES LLC
		
	By:	 	 /s/ Garrett Carpenter

		 	Name:	 	Garrett Carpenter
		 	Title:	 	Director
		
	By:	 	BARCLAYS CAPITAL INC.
		
	By:	 	 /s/ Matthew Sarino

		 	Name:	 	Matthew Sarino
		 	Title:	 	Director
		
	By:	 	RBC CAPITAL MARKETS CORPORATION
		
	By:	 	 /s/ David Capaldi

		 	Name:	 	David Capaldi
		 	Title:	 	Managing Director
		
	By:	 	UBS SECURITIES LLC
		
	By:	 	 /s/ John Kim

		 	Name:	 	John Kim
		 	Title:	 	Executive Director
		
	By:	 	 /s/ Peter Chomyonk

		 	Name:	 	Peter Chomyonk
		 	Title:	 	Director

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