Document:

EX-10.2

 Exhibit 10.2 

AMENDED AND RESTATED GUARANTY AND SECURITY AGREEMENT 

dated as of May 2, 2018 

by and among 
 AERIE
PHARMACEUTICALS, INC., a Delaware corporation, 
 as Borrower, 

the other Grantors and Guarantors party hereto from time to time 

and 
 Deerfield Private
Design Fund III, L.P., 
 as agent for itself and the Lenders 

 

 AMENDED AND RESTATED 

GUARANTY AND SECURITY AGREEMENT 

AMENDED AND RESTATED GUARANTY AND SECURITY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this
“Agreement”) dated as of May 2, 2019 by and among AERIE PHARMACEUTICALS, INC., a Delaware corporation (“Borrower”), AERIE DISTRIBUTION, INC., a Delaware corporation (“Aerie Distribution”), each
other Person who becomes a party hereto pursuant to Section 8.15 (together with Borrower and Aerie Distribution, the “Grantors” and each, a “Grantor”), each other Person signatory hereto as
a “Guarantor” (as defined below) and Deerfield Private Design Fund III, L.P., as Agent.  

RECITALS 
 A.
Borrower, Aerie Distribution and Agent previously entered into a certain Guaranty and Security Agreement dated as of July 23, 2018 (as amended, restated, supplemented and otherwise modified from time to time prior to the effectiveness of the
Credit Agreement (defined below), the “Existing Guaranty and Security Agreement”). Pursuant to the Existing Guaranty and Security Agreement, Borrower and Aerie Distribution, among other things, previously (i) agreed to jointly
and severally guaranty the Guarantor Obligations (as defined therein) and (ii) pledged and granted unto Agent, for the benefit of the Secured Parties, security interests and liens in the collateral described therein, in order to secure the
Secured Obligations (as defined therein). 
 B. The Existing Guaranty and Security Agreement was entered into in connection with the Prior
Credit Agreement (as defined in the Credit Agreement). The Prior Credit Agreement, among other things and in addition to the other Loan Documents (as defined in the Prior Credit Agreement, such documents are referred to herein as the “Existing
Loan Documents”), prior to the time of the effectiveness of the Credit Agreement, evidences and governs certain Loans and Obligations (as both such terms are defined in the Prior Credit Agreement). 

C. Borrower, Aerie Distribution, Agent and the Lenders have agreed to certain amendments, restatements, amendments and restatements,
supplements and other modifications to the terms of the Existing Loan Documents, and in connection therewith, such Persons have amended and restated the Prior Credit Agreement in its entirety pursuant to the terms of the Credit Agreement. 

D. Each Grantor will (a) derive substantial direct and indirect benefits from (i) the making of the extensions of credit under the
Credit Agreement, and (ii) the amendments, restatements, amendments and restatements, supplements and modifications to the Existing Loan Documents and (b) continue to derive substantial direct and indirect benefits from any prior
extensions of credit and any outstanding Obligations (as defined in the Prior Credit Agreement) under the Prior Credit Agreement (which continue as Obligations under the Credit Agreement and the other Loan Documents). 

E. As a further condition to Agent and the Lenders agreeing to the amendments, restatements, amendments and restatements, supplements and
modifications to the Existing Loan Documents, and continuing to provide Subsequent Disbursement Commitments and extend credit and other Obligations under the Existing Loan Documents, as amended, amended and restated, supplemented and otherwise
modified pursuant to the Loan Documents, Agent and the Lenders are requiring that the parties hereto enter into this Agreement, and thereby amend and restate the Existing Guaranty and Security Agreement in its entirety as set forth herein. 

 In consideration of the premises and to induce the Lenders and Agent to enter into the
Credit Agreement and the Loan Documents (including the amendments, restatements, amendments and restatements, supplements and modifications to the Existing Loan Documents) and to induce the Lenders to continue to provide Subsequent Disbursement
Commitments and make their respective Loans and other extensions of credit to Borrower thereunder, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto do hereby amend and
restate the Existing Guaranty and Security Agreement in its entirety as set forth herein, and hereby covenant and agree as follows: 
 SECTION 1
DEFINITIONS. 
 1.1 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings
given to them in the Credit Agreement, and the following terms are used herein as defined in the UCC (such meanings to be equally applicable to both the singular and plural forms of the terms defined): “accounts”, “account
debtor”, “as-extracted collateral”, “certificated security”, “chattel paper”, “commercial tort claims”, “commodity
contract”, “documents”, “electronic chattel paper”, “equipment”, “farm products”, “fixture”, “general intangibles”,
“goods”, “health care insurance receivables”, “instruments”, “inventory”, “leases”,
“letter-of-credit rights”, “money”, “payment intangibles”, “product”, “record”,
“security”, “supporting obligations”, and “tangible chattel paper”. 
 1.2 Whenever used
in this Agreement, the Exhibits or the Schedules attached hereto, the following terms have the following meanings: 

“Agreement” has the meaning set forth in the preamble of this Agreement. 

“Borrower Obligations” means all Obligations of Borrower. 

“Collateral” means all of Grantors’ assets, whether now owned or hereafter created, acquired or arising, including
without limitation, all of Grantors’ right, title and interest in and to the following: 
 (a) all goods, accounts
(including health care insurance receivables), equipment, inventory, contract rights or rights to payment of money, leases, license agreements and other licenses, franchise agreements, general intangibles, commercial tort claims (including any
Identified Claims), documents, instruments (including any promissory notes) (and any distribution of property made on, in respect of or in exchange for such instruments from time to time), chattel paper (whether tangible chattel paper or
electronic), cash, cash equivalents, Deposit Accounts, Intellectual Property, Securities Accounts, fixtures, letter-of-credit rights (whether or not the letter of credit
is evidenced by a writing), securities, all other Pledged Collateral and Pledged Investment Property (including any distribution of property made on, in respect of or in exchange for such Pledged Collateral and/or Pledged Investment Property from
time to time) and all supporting obligations related to any of the foregoing, and financial assets, wherever located; 
 (b)
all books and records relating to any of the foregoing; 
 (c) all property of any Grantor held by any Secured Party,
including all property of every description, in the custody of or in transit to such Secured Party for any purpose, including safekeeping, collection or pledge, for the account of such Grantor or as to which such Grantor may have any right or power,
including but not limited to cash; and 
 (d) any and all claims, rights and interests in any of the above and all
substitutions for, additions, attachments, accessories, accessions and improvements to and replacements, products, proceeds and insurance proceeds of any or all of the foregoing. 

  
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 Where the context requires, terms relating to the Collateral or any part thereof, when used in relation to a
Grantor, shall refer to such Grantor’s Collateral or the relevant part thereof. Notwithstanding the foregoing, “Collateral” shall not include Excluded Property; provided, however, that if and when any assets cease to be
Excluded Property, the term “Collateral” immediately and automatically shall include such assets and a Lien on and security interest in such assets immediately and automatically shall be deemed granted therein pursuant to
Section 3.1 hereof. 
 “Credit Agreement” means the Amended and Restated Credit Agreement of even
date herewith by and among Borrower, the other Loan Parties party thereto from time to time, Agent and the Lenders party thereto from time to time, as amended, supplemented, restated or otherwise modified from time to time. 

“Excluded Property” means, collectively, (a) any permit, license or agreement entered into by any Grantor (i) to
the extent that any such permit, license or agreement or any Applicable Law prohibits the creation of a Lien thereon, but only to the extent, and for as long as, such prohibition is not terminated or rendered unenforceable or otherwise deemed
ineffective by the UCC or any other Applicable Law, (ii) which would be abandoned, invalidated or unenforceable as a result of the creation of a Lien thereon or (iii) to the extent that the creation of a Lien thereon would result in right
of termination in favor of any party thereto (other than the Borrower or any of its Subsidiaries) or otherwise require consent from any other party thereunder (other than the Borrower or any of its Subsidiaries or Affiliates) pursuant to the terms
of any such permit, license or agreement (in each case of this clause (a), other than to the extent that any such term would be rendered ineffective pursuant to the Sections 9-406, 9-407, 9-408 or 9-409 of the UCC or any other Applicable Law (including the Bankruptcy Code) or principles of equity), (b) property
owned by any Grantor that is subject to a purchase money Lien or a capital lease permitted pursuant to clauses (k) or (l) of the definition of “Permitted Liens” in the Credit Agreement if the agreement pursuant to which such Lien is
granted (or in the document providing for such capital lease) prohibits or requires the consent of any Person other than a Grantor and its Affiliates (which has not been obtained) as a condition to the creation of any other Lien on such property (to
the extent of such prohibition or consent requirement, and so long as such prohibition or consent requirement was not added to circumvent such property from being deemed or included as Collateral hereunder or under any other Loan Documents), (c) any
“intent to use” trademark applications unless and until a statement of use or amendment to allege use is filed and accepted by the U.S. Patent and Trademark Office or any other filing is made or circumstances otherwise change so that the
interests of the applicable Grantor in such trademarks is no longer on an “intent-to-use” basis, at which time such trademarks shall automatically be subject
to the security interest granted by such Grantor to Agent hereunder, (d) any Excluded Accounts (and the cash therein that meet the requirements to be included (and be part of) such Excluded Accounts), (e) 35% of the Stock of any Excluded
Domestic Subsidiary or Excluded Foreign Subsidiary, (f) any assets or other property with respect to which the burden or cost of providing a pledge or security (including any material adverse tax consequences) is materially excessive in
relation to the benefit afforded thereby to the Secured Parties (as reasonably determined by Agent in consultation with Borrower), (g) [reserved], (h) [reserved], (i) [reserved], (j) [reserved], and (k) any asset of any Subsidiary acquired by
the Borrower or any Subsidiary that, at the time of the relevant acquisition, is encumbered by a Permitted Lien to secure Permitted Indebtedness pursuant to clause (i) of the definition thereof to the extent (and for so long as) the
documentation governing the applicable Indebtedness prohibits such asset from being pledged to secure the Obligations and the relevant prohibition was not implemented in contemplation of the applicable acquisition; provided, however,
“Excluded Property” shall not include any proceeds, products, substitutions or replacements of Excluded Property (unless such proceeds, products, substitutions or replacements would otherwise constitute Excluded Property). 

“Existing Collateral” has the meaning set forth in Section 8.24(b) hereof. 

  
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 “Fraudulent Transfer Laws” has the meaning set forth in
Section 2.6 hereof. 
 “Grantor” has the meaning set forth in the preamble of this Agreement.

 “Guarantor Obligations” means, collectively, with respect to each Guarantor, all Obligations and other Liabilities of
each Guarantor to Agent and the other Secured Parties under the Loan Documents and all other Obligations. 
 “Guarantors”
means Aerie Distribution, each Subsidiary of Borrower (other than any Excluded Subsidiary), any other Person who becomes a party to this Agreement pursuant to Section 8.15 and any other Person that is a
“Guarantor” (as defined in the Credit Agreement). 
 “Identified Claims” means the commercial tort claims
described on Schedule 7, as such schedule shall be supplemented from time to time in accordance with the terms and conditions of this Agreement. 

“Issuers” means the collective reference to each issuer of Pledged Collateral and Pledged Investment Property. 

“Paid in Full” or “Payment in Full” (or words of similar context, whether lowercase or capitalized) means
(a) all Secured Obligations have been repaid in full in cash and have been fully performed, (b) all other Obligations (other than contingent claims for indemnification to the extent no claim giving rise thereto has been asserted) under the
Credit Agreement and the other Loan Documents have been completely discharged, and (c) all commitments of Lenders (including Subsequent Disbursement Commitments), if any, to extend credit under the Loan Documents have been terminated or have
expired. 
 “Pledged Collateral” means, collectively, the Pledged Equity and the Pledged Debt Instruments. 

“Pledged Debt Instruments” means all right, title and interest of any Grantor in instruments evidencing any Indebtedness owed
to such Grantor or other obligations owed to such Grantor, including all Indebtedness described on Schedule 1 and in any Perfection Certificate, issued by the obligors named therein. Pledged Debt Instruments excludes any Excluded Property.

 “Pledged Equity” means collectively, all Pledged Interests and Pledged Stock. 

“Pledged Interests” shall mean, with respect to each limited liability company, partnership or other organization listed on
Schedule 1, the Stock in such limited liability company, partnership or other organization owned by a Grantor and listed on Schedule 1, and the certificates, if any, representing such interests and any interest of such Grantor, as
applicable, on the books and records of such limited liability company, partnership or other organization or on the books and records of any securities intermediary pertaining to such interests and the Stock of any other Person whose Stock is at any
time hereafter issued or granted to, or held by any Grantor, and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in
respect of or in exchange for any or all of such interests. Pledged Interests excludes any Excluded Property. 
 “Pledged Investment
Property” means the collective reference to (a) all “investment property” as such term is defined in Section 9-102(a)(49) of the UCC and (b) all “financial assets”
as such term is defined in Section 8-102(a)(9) of the UCC, other than any Pledged Equity or Pledged Debt Instruments. Pledged Investment Property excludes any Excluded Property. 

  
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 “Pledged Stock” shall mean, with respect to each corporation listed on
Schedule 1, the Stock of such corporation owned by a Grantor and listed on Schedule 1, and the certificates, if any, representing such shares and any interest of such Grantor, as applicable, in the entries on the books of the issuer of
such shares or on the books of any securities intermediary pertaining to such shares and the Stock of any other Person whose Stock is at any time hereafter issued to or granted to or held by any Grantor, and all dividends, distributions, cash,
warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such shares. Pledged Stock excludes any Excluded
Property. 
 “Proceeds” means all “proceeds” as such term is defined in
Section 9-102(a)(64) of the UCC and, in any event, shall include all dividends or other income from the Pledged Investment Property, collections thereon or distributions or payments with respect thereto.

 “Public Equity Securities” means equity securities of a class which is registered pursuant to Section 12 of the
Securities Exchange Act of 1934, as amended. 
 “Receivable” means any right to payment for goods sold or leased or for
services rendered, whether or not such right is evidenced by an instrument or chattel paper and whether or not it has been earned by performance (including any accounts). 

“Secured Obligations” means, collectively, the Borrower Obligations and Guarantor Obligations. 

SECTION 2 GUARANTY. 
 2.1 Guaranty.

 (a) To induce Lenders to make the Loans and each other Secured Party to make credit available to or for the benefit of one or more
Grantors and for the applicable Secured Parties to enter into the Loan Documents, each of the Guarantors hereby, jointly and severally, absolutely, unconditionally and irrevocably, as a primary obligor and not only a surety, guarantees to Agent and
the other Secured Parties and their respective successors and permitted assigns, the prompt and complete payment and performance by Borrower, each Guarantor, each Grantor and each other Loan Party, as applicable, of the Secured Obligations when due
(whether at the stated maturity or earlier, by reason of acceleration, mandatory prepayment or otherwise). 
 (b) The guaranty contained in
this Section 2 is a guaranty of payment and not of collection and shall remain in full force and effect until all of the Secured Obligations shall have been Paid in Full. 

(c) No payment made by Borrower, any of the Guarantors, any other guarantor, any other Grantor, any other Loan Party or any other Person, or
received or collected by Agent or the other Secured Parties from Borrower, any of the Guarantors, any other guarantor, any other Grantor, any other Loan Party or any other Person, as applicable, by virtue of any action or proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of the Secured Obligations shall be deemed to modify, reduce, release or otherwise affect the Liability of any
Guarantor hereunder which Guarantor shall, notwithstanding any such payment (other than, subject to Section 8.18, any payment in cash received or collected from such Guarantor in respect of the Secured Obligations), remain
liable for the Secured Obligations until the Secured Obligations are Paid in Full. 

  
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 2.2 Postponement of Subrogation. Notwithstanding any payment made by any Guarantor
hereunder or any set-off or application of funds of any Guarantor by Agent or any other Secured Party, no Guarantor shall be entitled to enforce or otherwise exercise any rights of subrogation with respect to
any of the rights of Agent or any other Secured Party against Borrower or any Guarantor, any other Grantor or any other Loan Party or any collateral security or guaranty or right of offset held by Agent or any other Secured Party for the payment of
the Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from Borrower, any Guarantor, any other Grantor or any other Loan Party in respect of payments made by such Guarantor hereunder, until all
of the Secured Obligations are Paid in Full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Secured Obligations shall not have been Paid in Full, such amount shall be held by such
Guarantor in trust for Agent and the other Secured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to Agent (for the benefit of the Secured Parties) in the exact form
received by such Guarantor (duly indorsed by such Guarantor to Agent, if required by Agent or the Required Lenders), to be applied against the Secured Obligations, whether matured or unmatured, in a manner consistent with the provisions of the
Credit Agreement. 
 2.3 Amendments, etc. With Respect to the Secured Obligations. 

(a) Each Guarantor shall remain obligated hereunder, without any reservation of rights against any Guarantor and without notice to or further
assent by any Guarantor, notwithstanding the fact that: (a) any demand for payment of any of the Secured Obligations made by Agent or any other Secured Party may be rescinded by Agent or such Secured Party and any of the Secured Obligations
continued, (b) the Secured Obligations, or the Liability of any other Person upon or for any part thereof, or any collateral security or guaranty therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be
renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by Agent or any other Secured Party, or (c) any of the Credit Agreement or the other Loan Documents or any other documents executed and delivered in
connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as Agent or any other Secured Party may deem advisable from time to time. Neither Agent nor any other Secured Party shall have any obligation to protect,
secure, perfect or insure any Lien at any time held by them as security for the Secured Obligations or for the guaranty contained in this Section 2 or any property subject thereto. 

(b) Agent and each other Secured Party may, from time to time, in their reasonable discretion and without notice to or demand upon the
Guarantors (or any of them), take any or all of the following actions, without discharging or otherwise affecting the Obligations of any Guarantor hereunder and without incurring any Liability hereunder: (a) receive, take and hold additional
Collateral to secure any of the Secured Obligations or any obligation hereunder, (b) retain or obtain the primary or secondary obligation of any obligor or obligors, in addition to the undersigned, with respect to any of the Secured
Obligations, (c) extend or renew any of the Secured Obligations for one or more periods (whether or not longer than the original period), alter or exchange any of the Secured Obligations or otherwise modify, amend, supplement or otherwise
change any Secured Obligation or any Loan Document (including accelerating or otherwise changing the time of payment), or release or compromise any obligation of any of the undersigned hereunder or any obligation of any nature of any other obligor
with respect to any of the Secured Obligations or otherwise in connection with the Loan Documents, (d) release any guaranty or right of offset or their security interest in, or surrender, release or permit any substitution or exchange for, all
or any part of any personal property securing any of the Secured Obligations or any obligation hereunder, or extend or renew for one or more periods (whether or not longer than the original period) or release, compromise, alter or exchange any
obligations of any nature of any obligor with respect to any such personal property, (e) resort to the undersigned (or any of them) for payment of any of the Secured Obligations when due, whether or not Agent or the other Secured Parties shall
have resorted to any personal property securing any of the Secured Obligations or any obligation hereunder or shall have proceeded against any other of the undersigned or any other obligor primarily or secondarily obligated

  
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with respect to any of the Secured Obligations, (f) apply to the Secured Obligations any sums by whomever paid or however realized to any Secured Obligation in such order as provided in the
Loan Documents, (g) refund at any time any payment received by any Secured Party in respect of any Secured Obligation, (h) sell, exchange, enforce, waive, substitute, liquidate, terminate, release, abandon, fail to perfect, subordinate,
accept, substitute, surrender, exchange, affect, impair or otherwise alter or release any Collateral for any Secured Obligation or any other guaranty therefor in any manner, (i) otherwise deal in any manner with Borrower, any other Guarantor,
any other Grantor or any other Loan Party, maker or endorser of any Secured Obligation or any part thereof, and/or (j) settle, release, compromise, collect or otherwise liquidate the Secured Obligations. 

2.4 Waivers. To the extent permitted by Applicable Law, each Guarantor hereby unconditionally and irrevocably waives any and all notice
of the creation, renewal, extension or accrual of any of the Secured Obligations and notice of or proof of reliance by Agent or the other Secured Parties upon the guaranty contained in this Section 2 or acceptance of the
guaranty contained in this Section 2. The Secured Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the
guaranty contained in this Section 2, and all dealings between Borrower, any of the Guarantors, any of the other Grantors and any of the other Loan Party on the one hand, and Agent and the other Secured Parties, on the
other hand, likewise shall be conclusively presumed to have been had or consummated in reliance upon the guaranty contained in this Section 2. To the extent permitted by Applicable Law, each Guarantor hereby unconditionally
and irrevocably waives and agrees not to assert any claim, defense, setoff or counterclaim based on (a) diligence, promptness, presentment, protest, requirements for any demand for payment or performance and protest and notice of protest,
requirements for any notice of default, dishonor or nonpayment and all other notices whatsoever to or upon Borrower, any of the Guarantors, any of the other Grantors or any of the other Loan Parties with respect to the Secured Obligations or any
part thereof, (b) notice of the existence or creation or non-payment of all or any of the Secured Obligations, (c) all diligence in collection or protection of or realization upon any Secured
Obligations or any security for or guaranty of any Secured Obligations, (d) any presentment, demand, protest or further notice or other requirements of any kind with respect to any Secured Obligation (including any accrued but unpaid interest
thereon) becoming immediately due and payable, and (e) any defense arising by reason of a disability or other defense of Borrower, any Guarantor, any other Grantor or any other Loan Party. No obligation of any Guarantor hereunder shall be
discharged other than by the Secured Obligations being Paid in Full. Each Guarantor further waives any right such Guarantor may have under any Applicable Law to require any Secured Party to seek recourse first against Borrower, any other Guarantor,
any other Grantor, any other Loan Party or any other Person, or to realize upon any Collateral for any of the Obligations, as a condition precedent to enforcing such Guarantor’s Liability and obligations under this Guaranty. 

2.5 Payments. Each Guarantor hereby guaranties that payments hereunder will be paid to Agent and the other Secured Parties without set-off or counterclaim in Dollars in accordance with Section 2.4 of the Credit Agreement. 

2.6 Limitation of Guaranty. Any term or provision of this Agreement or any other Loan Document to the contrary notwithstanding, the
maximum aggregate amount for which any Guarantor shall be liable hereunder shall not exceed the maximum amount for which such Guarantor can be liable without rendering this Agreement or any other Loan Document, as it relates to such Guarantor,
subject to avoidance under Applicable Laws relating to fraudulent conveyance or fraudulent transfer (including the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act and Section 548 of title 11 of the United States Code or
any applicable provisions of comparable Applicable Laws) (collectively, “Fraudulent Transfer Laws”). Any analysis of the provisions of this Agreement for purposes of Fraudulent Transfer Laws shall take into account the right of
contribution established in Section 2.7 and, for purposes of such analysis, give effect to any discharge of intercompany debt as a result of any payment made under this Agreement. 

  
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 2.7 Contribution. To the extent that any Guarantor shall be required hereunder to pay
any portion of any Secured Obligation exceeding the greater of (a) the amount of the value actually received by such Guarantor and its Subsidiaries from the Loans and other Obligations and (b) the amount such Guarantor would otherwise have
paid if such Guarantor had paid the aggregate amount of the Secured Obligations (excluding the amount thereof repaid by the (i) Borrower and (ii) any other Guarantor, any other Grantor and any other Loan Party, in each case of this clause
(ii) that is a direct or indirect parent entity of Borrower) in the same proportion as such Guarantor’s net worth on the date enforcement is sought hereunder bears to the aggregate net worth of all the Guarantors on such date, then such
Guarantor shall be reimbursed by such other Guarantors for the amount of such excess, pro rata, based on the respective net worth of such other Guarantors on such date. 

2.8 Guaranty Absolute and Unconditional. Each Guarantor hereby waives and agrees not to assert any defense, whether arising in
connection with or in respect of any of the following or otherwise, and hereby agrees that its obligations under this Agreement are irrevocable, absolute and unconditional and shall not be discharged as a result of or otherwise affected by any of
the following (which may not be pleaded and evidence of which may not be introduced in any proceeding with respect to this Agreement) to the fullest extent not prohibited by Applicable Law: 

(a) the invalidity or unenforceability of any obligation of Borrower, any Guarantor, any other Grantor or any other Loan Party under any Loan
Document or any other agreement or instrument relating thereto (including any amendment, consent or waiver thereto), or any security for, or other guaranty of, any Secured Obligation or any part thereof, or the lack of perfection or continuing
perfection or failure of priority of any security for the Secured Obligations or any part thereof; 
 (b) the absence of (i) any attempt
to collect any Secured Obligation or any part thereof from Borrower, any Guarantor, any other Grantor or any other Loan Party or other action to enforce the same or (ii) any action to enforce any Loan Document or any Lien thereunder; 

(c) the failure by any Person to take any steps to perfect and maintain any Lien on, or to preserve any rights with respect to, any Collateral;

 (d) any workout, insolvency, bankruptcy proceeding, reorganization, arrangement, liquidation or dissolution by or against Borrower, any
Guarantor, any other Grantor, any other Loan Party or any Loan Party’s Subsidiaries or any procedure, agreement, order, stipulation, election, action or omission thereunder, including any discharge or disallowance of, or bar or stay against
collecting, any Secured Obligation (or any interest thereon) in or as a result of any such proceeding; 
 (e) any foreclosure, whether or not
through judicial sale, and any other sale or other disposition of any Collateral or any election following the occurrence of an Event of Default by any Secured Party to proceed separately against any Collateral in accordance with such Secured
Party’s rights under any Applicable Law; or 
 (f) any other defense, setoff, counterclaim or any other circumstance that might
otherwise constitute a legal or equitable discharge of Borrower, any Guarantor, any other Grantor, any other Loan Party or any Subsidiary of any Loan Party, in each case other than the Secured Obligations being Paid in Full. 

  
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 2.9 Reliance. Each Guarantor hereby assumes responsibility for keeping itself
informed of the financial condition of Borrower, each Guarantor, each other Grantor, each other Loan Party and any other guarantor, maker or endorser of any Secured Obligation or any part thereof, and of all other circumstances bearing upon the risk
of nonpayment of any Secured Obligation or any part thereof that diligent inquiry would reveal, and each Guarantor hereby agrees that no Secured Party shall have any duty to advise any Guarantor of information known to it regarding such condition or
any such circumstances. In the event any Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to any Guarantor, such Secured Party shall be under no obligation to (a) undertake any
investigation not a part of its regular business routine, (b) disclose any information that such Secured Party, pursuant to accepted or reasonable commercial finance or banking practices, wishes to maintain confidential or (c) make any
future disclosures of such information or any other information to any Guarantor. 
 SECTION 3 GRANT OF SECURITY INTEREST. 

3.1 Grant. Each Grantor hereby unconditionally and irrevocably mortgages, pledges, assigns, hypothecates and transfers to Agent, for the
benefit of the Secured Parties, and hereby grants to Agent, for the benefit of the Secured Parties, a continuing Lien on and security interest in all of its Collateral, as collateral security for the prompt and complete payment and performance when
due (whether at the stated maturity, by acceleration or otherwise) of the Secured Obligations. Notwithstanding the foregoing, no Lien or security interest is hereby granted on any Excluded Property. Each Grantor hereby represents and warrants as of
(i) the Agreement Date, (ii) each date a Loan or a Subsequent Disbursement is made under the Credit Agreement or any other date that any credit extension may be made by any Secured Party to any Loan Party under any Loan Document,
(iii) each date that this Agreement or the Credit Agreement is amended, restated, consented to, waived or modified (to the extent set forth in any such amendment, restatement, consent, waiver or modification in respect of this Agreement or the
Credit Agreement), (iv) each other date set forth in any Loan Document and (v) solely with respect to any new Grantor that joins this Agreement or the Credit Agreement after the Agreement Date, on the date such new Grantor joins this Agreement,
that the Excluded Property, when taken as a whole, is not material to the business operations or financial condition of the Grantors, taken as a whole. 

SECTION 4 REPRESENTATIONS AND WARRANTIES. 

To induce Agent and the other Secured Parties to enter into the Credit Agreement and to induce Lenders to make extensions of credit to Borrower
thereunder, each Grantor jointly and severally hereby represents and warrants to Agent and the other Secured Parties that the following are true, correct and complete, in each case to the extent and in the manner set forth herein, on (i) the
Agreement Date, (ii) each date a Loan or Subsequent Disbursement is made under the Credit Agreement, (iii) each date that this Agreement or the Credit Agreement is amended, restated, consented to, waived or modified (to the extent set
forth in any such amendment, restatement, consent, waiver or modification in respect of this Agreement or the Credit Agreement), (iv) each other date set forth in any Loan Document and (v) solely with respect to any new Grantor that joins this
Agreement after the Agreement Date, on the date such new Grantor joins this Agreement: 
 4.1 Title; No Other Liens. Except for the
Lien granted to Agent pursuant to this Agreement and other Permitted Liens, such Grantor owns, or has rights or the power to transfer rights in, each item of the Collateral free and clear of any and all Liens of others. Such Grantor (a) is the
record and beneficial owner of the Collateral pledged by it hereunder constituting instruments or certificates and (b) has rights in or the power to transfer each other item of Collateral in which a Lien is granted by it hereunder, free and
clear of any other Lien (other than Permitted Liens). No effective financing statement or other public notice with respect to all or any part of the Collateral is on file or of record in any public office, except filings evidencing Permitted Liens.

  
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 4.2 Perfected Liens. The security interests granted in the Collateral pursuant to
this Agreement (a) will constitute valid and continuing perfected security interests in all of the Grantors’ rights in the Collateral in favor of Agent (for the benefit of the Secured Parties) as collateral security for the Secured
Obligations, enforceable in accordance with the terms hereof and in accordance with the terms of the Credit Agreement, upon (i) in the case of all Collateral in which a security interest may be perfected by filing a financing statement under
the UCC, completion of the filings and other actions specified on Schedule 2 (which filings and other documents referred to on Schedule 2 have been delivered to Agent in completed form), (ii) with respect to any Deposit Account,
Securities Account or commodity accounts (other than any Excluded Accounts), the execution of Control Agreements, (iii) in the case of all copyrights, trademarks and patents for which UCC filings are insufficient, all appropriate filings having
been made with the applicable Intellectual Property registries, including but not limited to the United States Copyright Office or the United States Patent and Trademark Office, as applicable, (iv) in the case of
letter-of-credit rights that are not supporting obligations of Collateral, the execution of a contractual obligation granting control to Agent over such letter-of-credit rights, and (v) in the case of electronic chattel paper, the completion of all steps necessary to grant control to Agent over such electronic chattel
paper; and (b) shall be prior to all other Liens on the Collateral except for Permitted Liens having priority over Agent’s Lien by operation of law upon (i) in the case of all Pledged Collateral and Pledged Investment Property, the
delivery thereof to Agent (for the benefit of the Secured Parties) of such Pledged Collateral and Pledged Investment Property consisting of instruments and certificates, in each case properly endorsed for transfer to Agent (for the benefit of the
Secured Parties) or in blank, (ii) in the case of all Pledged Investment Property not in certificated form and deposit accounts, the execution of Control Agreements with respect to such Pledged Investment Property and deposit accounts, and
(iii) in the case of all other instruments and tangible chattel paper that are not Pledged Collateral or Pledged Investment Property, the delivery thereof to Agent (for the benefit of the Secured Parties) of such instruments and tangible
chattel paper. Except as set forth in this Section 4.2 or as otherwise provided in the Credit Agreement, all actions by each Grantor necessary or otherwise requested by Agent to perfect the Liens granted hereunder on the
Collateral have been duly taken.  
 4.3 Grantor Information. On the Agreement
Date, Schedule 3 sets forth (a) each Grantor’s and each Guarantor’s jurisdiction of organization, (b) the location of each Grantor’s and each Guarantor’s chief executive office, (c) each Grantor’s and
each Guarantor’s exact legal name as it appears on its organizational documents and (d) each Grantor’s organizational identification number (to the extent a Grantor or Guarantor is organized in a jurisdiction which assigns such
numbers) and federal employer identification number. 
 4.4 Collateral Locations. On the Agreement Date, Schedule 4 sets forth
(a) each place of business of each Grantor and each Guarantor (including its chief executive office), (b) all locations where all inventory and equipment with a book value in excess of $250,000
owned by each Grantor is kept (other than inventory or equipment that is otherwise in transit or out for repair, refurbishment or processing in the ordinary course of business or otherwise disposed of in a transaction permitted by the Credit
Agreement), (c) all locations where each Grantor’s books and records concerning the Collateral are kept and (d) whether each such Collateral location and place of business (including each Grantor’s chief executive office) is owned or
leased (and if leased, specifies the complete name and notice address of each lessor) or otherwise occupied (and if otherwise occupied, describes the nature of such occupation). On the Agreement Date, no Collateral (other than inventory or equipment
that is otherwise in transit or out for repair, refurbishment or processing in the ordinary course of business or otherwise disposed of in a transaction permitted by the Credit Agreement) with a book value greater than $250,000 is located
outside the United States or in the possession of any lessor, bailee, warehouseman or consignee, except as indicated on Schedule 4. 

  
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 4.5 Certain Property. None of the Collateral constitutes, or is the Proceeds of,
(a) farm products, (b) as-extracted collateral, (c) timber to be cut or (d) vessels, aircraft or any other personal property subject to any certificate of title or other registration
statute of the United States, any State or other jurisdiction, except for motor vehicles owned by the Grantors and used by employees of the Grantors in the ordinary course of business. 

4.6 Pledged Collateral and Pledged Investment Property. 

(a) The Pledged Collateral pledged by each Grantor hereunder is listed on Schedule 1 or the most recently delivered
Perfection Certificate and, with respect to the Pledged Equity, constitutes all the issued and outstanding equity interests of each Issuer owned by such Grantor as set forth on Schedule 1 or the most recently delivered
Perfection Certificate. 
 (b) All of the Pledged Equity has been duly authorized and validly issued and, in the case of shares of capital
stock and membership interests, is fully paid and nonassessable. 
 (c) Each of the Pledged Equity, Pledged Debt Instruments and Pledged
Investment Property constitutes the legal, valid and binding obligation of the obligor with respect thereto, enforceable in accordance with its terms (except as such enforceability may be limited by Debtor Relief Laws and by general principles of
equity). 
 (d) Schedule 1A or the most recently delivered Perfection Certificate lists all Pledged Investment Property owned by each
Grantor with a value, in the aggregate when taken together with all other Pledged Investment Property, greater than $100,000. Each Grantor is the record and beneficial owner of, and has good and valid title to, the Pledged Investment Property
pledged by it hereunder, free of any and all Liens or options in favor of, or claims of, any other Person, except Permitted Liens. 
 (e) All
Pledged Collateral (other than uncertificated Pledged Equity) and all Pledged Investment Property consisting of instruments and certificates has been delivered to Agent (for the benefit of the Secured Parties) in accordance with
Section 5.1 hereof to the extent required thereby. 
 (f) Upon the occurrence and during the continuance of an
Event of Default, Agent and the Required Lenders shall be entitled to exercise all of the rights of each Grantor granting the security interest in any Pledged Equity, and a transferee or assignee of such Pledged Equity shall become a holder of such
Pledged Equity to the same extent as such Grantor and be entitled to participate in the management of the Issuer of such Pledged Equity and, upon the transfer of the entire interest of such Grantor, such Grantor shall, by operation of law, cease to
be a holder of such Pledged Equity. 
 4.7 Receivables. 

(a) No material amount payable to a Grantor under or in connection with any account is evidenced by any instrument or chattel paper which, to
the extent required hereunder, has not been delivered to Agent (for the benefit of the Secured Parties), properly endorsed for transfer. 

(b) No obligor on any Receivable is a Governmental Authority. 

  
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 4.8 Intellectual Property. As of the Agreement Date Schedule 5 lists all
Intellectual Property that is registered or issued or is the subject of an application to register or have issued and owned by each Grantor on the date hereof, including for each of the foregoing items (a) the owner, (b) the title,
(c) the jurisdiction in which such item has been registered or otherwise arises or in which an application for registration has been filed and (d) as applicable, the registration or application number and registration or application date.

 4.9 Deposit Accounts and Other Accounts. Schedule 6 lists all banks, other financial institutions, securities intermediaries
and commodity intermediaries at which any Grantor maintains Deposit Accounts, Securities Accounts and commodity accounts as of the Agreement Date, and such Schedule 6 correctly identifies the name, address and any other relevant contact
information reasonably requested by Agent with respect to each bank, financial institution, securities intermediary and commodity intermediary, the name in which the account is held, a description of the purpose of the account, and the complete
account number therefor. 
 4.10 Credit Agreement. Each Grantor and each Guarantor makes each of the representations and warranties
made by Borrower in Section 3.1 of the Credit Agreement to the extent applicable to it on the date such Grantor or Guarantor becomes a party hereto (which representations and warranties shall be deemed to be made and re-made (i) the Agreement Date, (ii) each date a Loan or a Subsequent Disbursement is made under the Credit Agreement or any other date that any credit extension may be made by any Secured Party to any
Loan Party under any Loan Document, (iii) each date that this Agreement or the Credit Agreement is amended, restated, consented to, waived or modified (to the extent set forth in any such amendment, restatement, consent, waiver or modification
in respect of this Agreement or the Credit Agreement), (iv) each other date set forth in any Loan Document and (v) solely with respect to any new Grantor that joins this Agreement or the Credit Agreement after the Agreement Date, on the date
such new Grantor joins this Agreement). Such representations and warranties shall be incorporated herein by this reference as if fully set forth herein. 

4.11 Commercial Tort Claims. The only commercial tort claims of any Grantor with a value of equal to or greater than $100,000,
individually or $400,000 in aggregate existing on the Agreement Date are those listed on Schedule 7, which sets forth such information separately for each Grantor. 

4.12 Enforcement. No material permit, notice to or filing with any Governmental Authority or any other Person or any material consent
from any Person is required for the exercise by Agent or any other Secured Party of its rights (including voting rights) provided for in this Agreement or the enforcement of remedies in respect of the Collateral pursuant to this Agreement, including
the transfer of any Collateral, except (i) as may be required in connection with the disposition of any portion of the Pledged Collateral by laws affecting the offering and sale of securities generally, (ii) permits or consents which have
been obtained and notices or filings which have been made, and (iii) any requirements set forth in any assignment of claims act and laws. 
 SECTION 5
COVENANTS. 
 Each Grantor covenants to, and agrees with Agent and the other Secured Parties that, from and after the date of this
Agreement until the Secured Obligations shall have been Paid in Full: 

  
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 5.1 Delivery of Instruments, Certificated Securities and Chattel Paper. 

(a) Such Grantor shall (i) deliver to Agent, in suitable form for transfer and in form and substance reasonably satisfactory to Agent,
(A) all certificated Pledged Equity, (B) all Pledged Debt Instruments and (C) all certificates and instruments evidencing Pledged Investment Property and (ii) to the extent required by Section 5.1(l) of
the Credit Agreement, maintain all other Pledged Investment Property in an account that is subject to a Control Agreement. 
 (b) If any
amount in excess of $250,000 in the aggregate payable under or in connection with any Collateral owned by such Grantor shall be or become evidenced by an instrument or tangible chattel paper other than such instrument delivered in accordance with
this Section 5.1 and in the possession of Agent, such Grantor shall notify Agent, and upon the written request of Agent, mark all such instruments and tangible chattel paper with the following legend: “This writing and
the obligations evidenced or secured hereby are subject to the security interest of Deerfield Private Design Fund III, L.P., as Agent” and, at the written request of Agent, shall promptly deliver such instrument or tangible chattel paper to
Agent (for the benefit of the Secured Parties), duly indorsed in a manner reasonably satisfactory to Agent. 
 (c) Such Grantor shall not
grant “control” (within the meaning of such term under Article 9-106 of the UCC) over any Pledged Collateral or Pledged Investment Property to any Person other than Agent. 

(d) If such Grantor is or becomes the beneficiary of a letter of credit that is (i) not a supporting obligation of any Collateral and
(ii) in excess of $250,000 in the aggregate, such Grantor shall promptly, and in any event within fifteen (15) days after becoming a beneficiary, notify Agent thereof and shall use commercially reasonable efforts to enter into a
contractual obligation with Agent, the issuer of such letter of credit or any nominated person with respect to the letter-of-credit rights under such letter of credit.
Such contractual obligation shall assign such letter-of-credit rights to Agent and such assignment shall be sufficient to grant control for the purposes of Section 9-107 of the UCC (or any similar section under any equivalent UCC). Such contractual obligation shall also direct all payments thereunder to an account subject to a Control Agreement. The provisions of
the contractual obligation shall be in form and substance reasonably satisfactory to Agent. 
 (e) If any amount in excess of $250,000 in the
aggregate payable under or in connection with any Collateral owned by such Grantor shall be or become evidenced by electronic chattel paper, such Grantor shall take all commercially reasonable steps necessary to grant Agent control of all such
electronic chattel paper for the purposes of Section 9-105 of the UCC (or any similar section under any equivalent UCC) and all “transferable records” as defined in each of the Uniform
Electronic Transactions Act and the Electronic Signatures in Global and National Commerce Act. 
 (f) In the event that an Event of Default
shall have occurred and be continuing, upon the request of Agent, any instrument, certificated security or chattel paper not theretofore delivered to Agent and at such time being held by such Grantor shall be promptly (and, in any event, within five
(5) Business Days) delivered to Agent (for the benefit of the Secured Parties), duly indorsed in a manner satisfactory to Agent, to be held as Collateral pursuant to this Agreement and in the case of electronic chattel paper, such Grantor shall
cause Agent to have control thereof within the meaning set forth in Section 9-105 of the UCC. In the event that an Event of Default shall have occurred and be continuing, Agent shall have the right, at
any time in its discretion and without notice to any Grantor, to (i) transfer to or to register in its name or in the name of its nominees any Pledged Collateral or any Pledged Investment Property and (ii) exchange any certificate or
instrument representing or evidencing any Pledged Collateral or any Pledged Investment Property for certificates or instruments of smaller or larger denominations. 

  
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 5.2 Maintenance of Perfected Security Interest; Further Documentation. 

(a) Such Grantor shall maintain the security interests created by this Agreement as perfected security interests (to the extent such security
interests can be perfected by the filing of UCC financing statements (and, with respect to commercial tort claims, to the extent any commercial tort claims are sufficiently identified herein)) having at least the priority described in
Section 4.2 hereof, and shall take all actions to defend such security interests against the claims and demands of all Persons whomsoever. 

(b) Such Grantor will furnish to Agent from time to time statements and schedules further identifying and describing the assets and property of
such Grantor and such other reports in connection therewith as Agent may reasonably request, all in reasonable detail in form and substance reasonably satisfactory to Agent. 

(c) At any time and from time to time, upon the written request of Agent, and at the Grantors’ sole expense, such Grantor will, for the
purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted, promptly and duly execute and deliver, and have recorded, such further instruments and documents and take such further actions as
Agent may reasonably request, including (i) filing or authorizing the filing of any financing or continuation statements under the UCC (or other similar laws) in effect in any jurisdiction with respect to the security interests created hereby;
(ii) in the case of Pledged Collateral, Pledged Investment Property and any other relevant Collateral, taking any such requested actions necessary to enable Agent (on behalf of the Secured Parties) to obtain “control” (within the
meaning of the applicable UCC) with respect to such Pledged Collateral, Pledged Investment Property and other Collateral to the extent required to be pledged hereunder; (iii) if requested by Agent in respect of motor vehicles with a fair market
value in excess of $2,000,000 in the aggregate, delivering, to the extent permitted by Applicable Law, any original motor vehicle certificates of title received by such Grantor from the applicable secretary of state or other Governmental Authority
after information reflecting Agent’s security interest has been recorded in such motor vehicles to the extent required to be pledged thereunder; (iv) using commercially reasonable efforts (or, with respect to where an Affiliate of a
Grantor is the other party or a counterparty to any transaction, all efforts) to secure all approvals necessary or appropriate for the assignment to or the benefit of Agent of any contractual obligation held by such Grantor (including with respect
to Permitted Transactions) and to enforce the security interests hereunder; (v) subject to Section 5.1(l) of the Credit Agreement, executing and delivering any Control Agreements with respect to Deposit Accounts,
Securities Accounts and commodity accounts (other than Excluded Accounts); and (vi) to ensure that a Lien and security interest is granted on any of the Excluded Property set forth in clause (b) of the definition of “Excluded
Property”, use commercially reasonable efforts to obtain any required consents from any Person. 
 (d) Such Grantor shall not use or
permit any Collateral to be used unlawfully or in violation of any provision of any Loan Document, any Applicable Law or any policy of insurance covering the Collateral, if such unlawful use or violation would reasonably be expected to have, either
individually or in the aggregate, a Material Adverse Effect. 
 5.3 Changes in Locations, Name, etc. Such Grantor shall not, except
upon 10 Business Days’ prior written notice to Agent (or such lesser notice as Agent may agree to in writing in its sole discretion) and delivery to Agent of (a) all additional financing statements and other documents reasonably requested
by Agent as to the validity, perfection and priority of the security interests provided for herein and (b) if applicable, a written supplement to Schedule 4 showing any additional location at which inventory or equipment with a fair
market value in excess of $250,000 shall be kept (other than inventory or equipment that is otherwise in transit or out for repair, refurbishment or processing in the ordinary course of business or otherwise disposed of in a transaction permitted by
the Credit Agreement): 

  
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 (i) permit any of the inventory or equipment with a fair market value
greater than $250,000 in the aggregate to be kept at a location subject to the possession or control of any warehouse, consignee, bailee, or any of the Grantors’ agents or processors other than those listed on Schedule 4,
other than the inventory or equipment that is otherwise in transit or out for repair, refurbishment or processing in the ordinary course of business or otherwise disposed of in a transaction permitted by the Credit Agreement; 

(ii) change its jurisdiction of organization or the location of its chief executive office from that specified on Schedule
3 or in any subsequent notice delivered pursuant to this Section 5.3; or 
 (iii) change its
name, organizational identification number (if any), identity or corporate structure. 
 5.4 Notices. Such Grantor will advise Agent
in writing promptly, in reasonable detail, of: 
 (a) any Lien (other than Permitted Liens) on any of the Collateral; 

(b) the occurrence of any other event which would reasonably be expected to have a material adverse effect on the aggregate value of the
Collateral or on the Liens created hereby; 
 (c) its acquisition of any interest hereafter in Collateral of a type where a security interest
or Lien must be or may be registered, recorded or filed under, or notice thereof given under, any federal statute or regulation to have a perfected security interest in such Collateral. 

5.5 Pledged Investment Property and Pledged Collateral. 

(a) If such Grantor shall become entitled to receive or shall receive any certificate, option or rights in respect of the Stock of any Issuer,
whether in addition to, in substitution of, as a conversion of, or in exchange for, any of the Pledged Equity, or otherwise in respect thereof, such Stock shall be Pledged Equity (to the extent consistent with the percentage of such Grantor’s
Stock in such Issuer pledged hereunder, as set forth on Schedule 1 or the most recently delivered Perfection Certificate) and such Grantor shall accept the same as the agent of Agent, hold the same in trust for Agent (for the benefit of the
Secured Parties) and deliver the same forthwith to Agent (for the benefit of the Secured Parties) in the exact form received, duly indorsed by such Grantor to Agent (for the benefit of the Secured Parties), if required by Agent, together with an
undated instrument of transfer covering such certificate duly executed in blank by such Grantor and with, if Agents so requests, signature guarantied, to be held by Agent (for the benefit of the Secured Parties), subject to the terms hereof, as
additional Collateral for the Secured Obligations. 
 (b) Upon the occurrence and during the continuance of an Event of Default and the
request of Agent, (i) any sums paid upon or in respect of the Pledged Collateral or Pledged Investment Property upon the liquidation or dissolution of any Issuer shall be paid immediately over to Agent (for the benefit of the Secured Parties)
to be held by it hereunder as additional Collateral for the Secured Obligations, and (ii) in case any distribution of capital shall be made on or in respect of the Pledged Collateral, or any property shall be distributed upon or with respect to
the Pledged Collateral, pursuant to the recapitalization or reclassification of the capital of any Issuer or pursuant to the reorganization thereof, the property so distributed, shall be immediately delivered to Agent (for the benefit of the Secured
Parties) to be held by it hereunder as additional Collateral for the Secured Obligations. Upon the occurrence and during the continuance of an Event of Default, if any sums of money or property so paid

  
 15 

 
or distributed in respect of the Pledged Investment Property shall be received by a Grantor, such Grantor shall, until such money or property is paid or delivered to Agent and the other Secured
Parties, hold such money or property in trust for Agent (for the benefit of the Secured Parties), segregated from other funds of such Grantor, as additional Collateral for the Secured Obligations. 

(c) Without the prior written consent of Agent, each Grantor will not (i) vote to enable, or take any other action, to permit any Issuer
to issue any Stock of any nature or to issue any other securities or interests convertible into or granting the right to purchase or exchange for any Stock of any nature of any Issuer, except, in each case, as permitted by the Credit Agreement,
(ii) sell, assign, transfer, exchange, or otherwise dispose of, or grant any option with respect to, the Pledged Investment Property or Proceeds thereof (except pursuant to a transaction permitted by the Credit Agreement), (iii) create, incur
or permit to exist any Lien or option in favor of, or any claim of any Person with respect to, any of the Pledged Investment Property or Proceeds thereof, or any interest therein, except for Permitted Liens, or (iv) enter into any agreement or
undertaking restricting the right or ability of such Grantor or Agent to sell, assign or transfer any of the Pledged Investment Property or Proceeds thereof, except with respect to Permitted Liens and any such action which is not prohibited by the
Credit Agreement. 
 (d) In the case of each Grantor which is an Issuer, such Issuer agrees that (i) it will be bound by the terms of
this Agreement relating to the Pledged Equity issued by it and will comply with such terms insofar as such terms are applicable to it, (ii) it will notify Agent promptly in writing of the occurrence of any of the events described in Sections
5.5(a) and 5.5(b) hereof with respect to the Pledged Equity issued by it and (iii) the terms of Sections 6.3(c) and 6.7 hereof shall apply to such Grantor with respect to all actions that may be required of it pursuant
to Section 6.3(c) or 6.7 hereof regarding the Pledged Equity issued by it. 
 5.6 Receivables. Other
than in the ordinary course of business consistent with its past practice or with respect to amounts which are not material to such Grantor, such Grantor will not (a) grant any extension of the time of payment of any Receivable,
(b) compromise or settle any Receivable for less than the full amount thereof, (c) release, wholly or partially, any Person liable for the payment of any Receivable, (d) allow any credit or discount whatsoever on any Receivable or
(e) amend, supplement or modify any Receivable in any manner that would reasonably be expected to materially adversely affect the value thereof. 

5.7 Intellectual Property. Except as expressly permitted by the Credit Agreement: 

(a) Such Grantor (either itself or through licensees) will (i) continue to use each trademark (owned by such Grantor), in order to
maintain such trademark in full force and effect free from any claim of abandonment for non-use, (ii) maintain as in the past the quality of products and services offered under such trademark,
(iii) use such trademark with the appropriate notice of registration and all other notices and legends required by Applicable Law, and (iv) not (and not permit any licensee or sublicensee thereof to) do any act or omit to do any act
whereby such trademark (or any goodwill associated therewith) may become destroyed, harmed, invalidated or impaired in any way. 
 (b) Each
Grantor (either itself or through licensees) will not do any act, or omit to do any act, whereby any patent owned by such Grantor may become unenforceable, invalidated, forfeited, abandoned or dedicated to the public. 

(c) Each Grantor (either itself or through licensees) (i) will employ each copyright owned by such Grantor and (ii) will not (and
will not permit any licensee or sublicensee thereof to) do any act or omit to do any act whereby such copyrights may become invalidated or otherwise impaired, and (iii) will not (either itself or through licensees) do any act whereby any such
copyrights may fall into the public domain.     

  
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 (d) Each Grantor (either itself or through licensees) will not (and will not permit any
licensee or sublicensee thereof to) do any act or omit to do any act whereby any trade secret may become unenforceable under any Applicable Law, except to the extent the failure to act could not reasonably be expected to materially adversely affect
the business of such Grantor. 
 (e) Such Grantor (either itself or through licensees) will not do any act that uses or practices any
Intellectual Property in a manner that would infringe, misappropriate, dilute, violate or otherwise impair, violate or infringe the intellectual property rights of any other Person (except that it will not be a breach of this covenant if such
Grantor infringes, violates or impairs any patent rights of any other Person and such Grantor neither knowingly nor intentionally infringed such rights, and such infringement, violation or impairment does not have a material adverse effect on the
business, financial condition, operations or assets of the Grantors or of such Grantors’ Subsidiaries and does not materially adversely affect the ability of the Grantors to perform their respective obligations under the Loan Documents. 

(f) Such Grantor will notify Agent promptly if it knows, or has reason to know, that any application or registration relating to any
Intellectual Property has been challenged or may become unenforceable, invalidated, forfeited, abandoned or dedicated to the public, or of any determination or development (including the institution of, or any such determination or development in,
any proceeding in the United States Patent and Trademark Office, the United States Copyright Office or any court or tribunal in any country but excluding standard communications in the ordinary course of prosecution that are not material or adverse
to the business of such Grantor or any other Grantor, such as office actions and the like) regarding such Grantor’s ownership of, or the validity of, any Intellectual Property or such Grantor’s right to register the same or to own and
maintain the same, in each case, except with respect to Intellectual Property that such Grantor has no obligation to maintain, or may otherwise abandon, under this Agreement or the Credit Agreement to the extent such Intellectual Property is not
material or such abandonment is not adverse to the business of such Grantor or any other Grantor. 
 (g) Whenever a Grantor, either by itself
or through any agent, employee, licensee or designee, shall file an application for the registration of any Intellectual Property with (or acquire any Intellectual Property that has been applied for registration with or is registered with) the
United States Patent and Trademark Office, the United States Copyright Office or any similar office or agency in any other country or any political subdivision thereof, such Grantor shall promptly, but in any event within fifteen Business Days
thereof, report such filing to Agent. Upon the request of Agent, within fifteen Business Days, such Grantor shall execute and deliver, and have recorded, any and all agreements, instruments, documents, and papers as Agent may request to evidence
Agent’s security interest in any Intellectual Property, including any copyright, patent or trademark and the goodwill and general intangibles of such Grantor relating thereto or represented thereby. 

(h) Such Grantor will take all actions that are necessary or reasonably requested by Agent to maintain and pursue each application (and to
obtain the relevant registration or recordation) and to maintain each registration and recordation of all Intellectual Property owned by it. 

(i) In the event that any Intellectual Property is infringed upon or misappropriated or diluted by a third party, such Grantor shall
(i) take such actions as such Grantor shall reasonably deem appropriate under the circumstances to protect such Intellectual Property and (ii) promptly notify Agent after it learns thereof. 

  
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 5.8 Deposit Accounts / Securities Accounts. Subject to
Section 5.1(m) of the Credit Agreement, such Grantor shall deposit all of its cash and Cash Equivalents in Securities Accounts or Deposit Accounts that are subject to Control Agreements. Such Grantor shall not have any
commodity contract or commodity account unless it is subject to a Control Agreement. On and after the date hereof, no Grantor shall open any Deposit Account, Securities Account, commodity or similar account unless such Grantor shall have given to
Agent ten (10) Business Days’ prior written notice (or such lesser notice as Agent may agree to in its sole discretion) of its intention to open any such new account. With respect to each such account, upon request of Agent, such Grantor
shall, and shall cause the depository institution or, securities or commodities intermediary at which such account is to be opened, to enter into a Control Agreement. The provisions of this Section 5.8(a) requiring Control
Agreements shall not apply to any Deposit Account, Securities Account or commodities account of a Grantor that is an Excluded Account. 
 5.9
Other Matters. 
 (a) Each Grantor authorizes Agent and its Affiliates, directors, partners, officers, employees, agents, counsel and
advisors to, at any time and from time to time, file or record financing statements, continuation statements, amendments thereto, and other filing or recording documents or instruments with respect to any Collateral in such forms and in such offices
as Agent reasonably determines appropriate to perfect, or continue or maintain perfection of, the security interests of Agent under this Agreement, and such statements, amendments, documents, and instruments may describe the Collateral covered
thereby as “all assets of the debtor” of each Grantor, or words of similar effect and may contain any other information required pursuant to the UCC for the sufficiency of filing office acceptance of any financing statement, continuation
statement or amendment, and each Grantor agrees to furnish any such information to Agent promptly upon request. Any such financing statement, continuation statement or amendment may be signed by Agent on behalf of any Grantor and may be filed at any
time in any jurisdiction. A copy of this Agreement shall be sufficient as a financing statement or other filing or recording document or instrument for filing or recording in any jurisdiction. Such Grantor also hereby ratifies its authorization for
Agent to have filed any initial financing statement or amendment thereto under the UCC (or other similar laws) in effect in any jurisdiction if filed prior to the date hereof. To the extent
permitted by law, each Grantor hereby (i) waives any right under the UCC or any other Applicable Law to receive notice and/or copies of any filed or recorded financing statements, amendments thereto, continuations thereof or termination
statements and (ii) releases and excuses each Secured Party from any obligation under the UCC or any other Applicable Law to provide notice or a copy of any such filed or recorded documents. As this Agreement constitutes an amendment and
restatement of the Existing Guaranty and Security Agreement, the parties to this Agreement do hereby acknowledge and agree that those financing statements currently on record naming the applicable Grantors as “Debtor” and Agent as
“Secured Party” shall continue in full force and effect (as amended, if applicable) and shall continue to perfect the security interests and Liens granted under the Existing Guaranty and Security Agreement and reaffirmed, ratified and re-granted under this Agreement; provided that the foregoing shall not in any way curtail or otherwise impair Agent’s ability to file additional financing statements, continuation statements or
amendments in connection herewith. 
 (b) Each Grantor shall, at any time and from time and to time, take such steps as Agent or the other
Secured Parties may reasonably request for Agent to insure the continued perfection, protection and priority of Agent’s security interest in any of the Collateral and of the preservation of its rights therein. 

(c) If any Grantor shall at any time, acquire (x) a commercial tort claim in which the claimed amount or potential recovery exceeds
$100,000 individually or (y) commercial tort claims in which the claimed amounts or potential recovery exceeds $400,000 in the aggregate, such Grantor shall promptly notify Agent thereof in writing and supplement Schedule 7, therein
providing a reasonable 

  
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description and summary thereof, and upon delivery thereof to Agent, such Grantor shall be deemed to thereby grant to Agent (and such Grantor hereby grants to Agent) a Lien in and to such
commercial tort claim and all proceeds thereof, all upon the terms of and governed by this Agreement, and such Grantor shall execute and deliver to Agent, in each case in form and substance reasonably satisfactory to Agent, any document, and take
all other action, deemed by Agent to be reasonably necessary or appropriate for Agent to obtain, for the benefit of the Secured Parties, a perfected, first priority security interest in all such commercial tort claims. Any supplement to Schedule
7 delivered pursuant to this Section 5.9(c) shall, after the receipt thereof by Agent, become part of Schedule 7 for all purposes hereunder other than in respect of representations and warranties made prior to
the date of such receipt. 
 5.10 Credit Agreement. Each of the Grantors covenants that it will, and, if necessary, will cause or
enable Borrower and each of its Subsidiaries to, fully comply with each of the covenants and other agreements set forth in the Credit Agreement and the other Loan Documents. 

5.11 Agent May Purchase Insurance. If a Grantor at any time or times hereafter shall fail to obtain, maintain or provide to Agent
evidence of any of the policies of insurance or other items required under Section 5.1(f) of the Credit Agreement or to pay any premium relating thereto, then Agent, without waiving or releasing any obligation or default by
such Grantor hereunder or thereunder, may (but shall be under no obligation to) obtain and maintain such policies of insurance and pay such premiums and take such other actions with respect thereto as Agent deems advisable . Such insurance, if
obtained by Agent, may, but need not, protect such Grantor’s interests or pay any claim made by or against such Grantor with respect to the Collateral. Such insurance may be more expensive than the cost of insurance such Grantor may be able to
obtain on its own and may be cancelled only upon such Grantor providing evidence that it has obtained the insurance as required above. All sums disbursed by Agent in connection with any such actions shall constitute Secured Obligations payable upon
demand. 
 SECTION 6 REMEDIAL PROVISIONS. 

6.1 Certain Matters Relating to Receivables. 

(a) At any time and from time to time after the occurrence and during the continuance of an Event of Default, Agent shall have the right to
make test verifications of the Receivables in any manner and through any medium that it reasonably considers advisable, and each Grantor shall furnish all such assistance and information as Agent may reasonably require in connection with such test
verifications. At any time and from time to time after the occurrence and during the continuance of an Event of Default, upon request of Agent and at the expense of the relevant Grantor, such Grantor shall cause independent public accountants or
others satisfactory to Agent to furnish to Agent reports showing reconciliations, agings and test verifications of, and trial balances for, the Receivables. 

(b) Until the occurrence or the continuance of an Event of Default, Agent and the other Secured Parties hereby authorize each Grantor to
collect such Grantor’s Receivables. Agent may curtail, stop or terminate such authority at any time after the occurrence and during the continuance of an Event of Default. If requested by Agent at any time after the occurrence and during the
continuance of an Event of Default, any payments of Receivables, when collected by any Grantor, (i) shall be forthwith (and, in any event, within two (2) Business Days) deposited by such Grantor in the exact form received, duly indorsed by
such Grantor to Agent (for the benefit of the Secured Parties) and upon notice to such Grantor, in a collateral account maintained under the sole dominion and control of Agent, subject to withdrawal by Agent as provided in
Section 6.4 hereof, and (ii) until so turned over, shall be held by such Grantor in trust for Agent (for the benefit of the Secured Parties), segregated from other funds of such Grantor. Each such deposit of
Proceeds of Receivables shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit. 

  
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 (c) At any time and from time to time after the occurrence and during the continuance of an
Event of Default, at the request of Agent, each Grantor shall deliver to Agent all original and other documents evidencing, and relating to, the agreements and transactions which gave rise to the Receivables, including all original orders, invoices
and shipping receipts and notify account debtors that the accounts or general intangibles that are Collateral have been collaterally assigned to Agent and that payments in respect thereof shall be made directly to Agent. 

(d) Each Grantor hereby irrevocably authorizes and empowers Agent, in Agent’s sole discretion, at any time after the occurrence and during
the continuance of an Event of Default, without notice to such Grantor: (i) to limit or terminate the ability of a Grantor to collect its Receivables or any thereof; (ii) to assert, either directly or on behalf of such Grantor, any claim
such Grantor may from time to time have against account debtors and to otherwise enforce such Grantor’s rights against such account debtors; and (iii) to receive and collect any and all damages, awards and other monies resulting therefrom
and to apply the same to the Secured Obligations in such order as Agent may determine in its discretion. 
 6.2 Communications with
Obligors; Grantors Remain Liable. 
 (a) Agent in its own name or in the name of others may at any time after the occurrence and during
the continuance of an Event of Default communicate with obligors under the Receivables or other account debtors to verify with them to Agent’s satisfaction the existence, amount and terms of any Receivables or other account or amounts due under
any general intangible that is Collateral. 
 (b) Upon the request of Agent at any time after the occurrence and during the continuance of an
Event of Default, each Grantor shall notify obligors on the Receivables that the Receivables have been assigned to Agent and that payments in respect thereof shall be made directly to Agent. 

(c) Anything herein to the contrary notwithstanding, each Grantor shall remain liable in respect of each of the Receivables to observe and
perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise thereto. No Secured Party shall have any obligation or Liability under any Receivable (or any
agreement giving rise thereto) by reason of or arising out of any Loan Document or the receipt by Agent or any other Secured Party of any payment relating thereto, nor shall any Secured Party be obligated in any manner to perform any of the
obligations of any Grantor under or pursuant to any Receivable (or any agreement giving rise thereto), to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any
performance by any party thereunder, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times. 

6.3 Pledged Investment Property and Pledged Collateral. 

(a) Unless an Event of Default shall have occurred and be continuing, such Grantor shall be permitted to receive all cash dividends and
distributions paid in respect of the Pledged Collateral and all payments made in respect of the Pledged Investment Property, to the extent permitted in the Credit Agreement, and to exercise all voting and other rights with respect to the Pledged
Collateral and Pledged Investment Property; provided, that no vote shall be cast or other right exercised or action taken which could reasonably be expected to materially impair the Collateral or which would be inconsistent with or result in
any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document. 

  
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 (b) If an Event of Default shall occur and be continuing, (i) Agent shall have the
right to receive any and all cash dividends and distributions, payments or other Proceeds paid in respect of the Pledged Collateral and Pledged Investment Property and make application thereof to the Secured Obligations in such order as Agent may
determine in its discretion, (ii) Agent shall have the right to cause any or all of the Pledged Collateral and Pledged Investment Property to be registered in the name of Agent or its nominee and (iii) Agent or its nominee may exercise
(x) all voting, consent, corporate and other rights pertaining to such Pledged Collateral and Pledged Investment Property at any meeting of shareholders, partners or members, as the case may be, of the relevant Issuer or Issuers or otherwise
(or by written consent), and (y) any and all rights of conversion, exchange and subscription and any other rights, privileges or options pertaining to such Pledged Collateral and Pledged Investment Property as if it were the absolute owner
thereof (including the right to exchange at its discretion any and all of the Pledged Collateral and Pledged Investment Property upon the merger, amalgamation, consolidation, reorganization, recapitalization or other fundamental change in the
corporate or other structure of any Issuer, or upon the exercise by any Grantor or Agent of any right, privilege or option pertaining to such Pledged Collateral and Pledged Investment Property, and in connection therewith, the right to deposit and
deliver any and all of the Pledged Collateral and Pledged Investment Property with any committee, depositary, transfer agent, registrar or other designated agency upon such terms and conditions as Agent may determine), all without Liability except
to account for property actually received by it, but Agent shall have no duty to any Grantor to exercise any such right, privilege or option and shall not be responsible for any failure to do so or delay in so doing. 

(c) Each Grantor hereby expressly and irrevocably authorizes and instructs, without any further instructions from such Grantor, each Issuer of
the Pledged Collateral and Pledged Investment Property pledged by such Grantor hereunder to, after the occurrence and during the continuance of an Event of Default, (i) comply with any instruction received by it from Agent in writing that
(x) states that an Event of Default has occurred and is continuing and (y) is otherwise in accordance with the terms of this Agreement, and each Grantor agrees that each Issuer shall be fully protected in so complying, and (ii) pay
any dividends, distributions or other payments with respect to the Pledged Collateral and Pledged Investment Property directly to Agent. 

(d) In order to permit Agent to exercise the voting and other consensual rights that it may be entitled to exercise pursuant hereto and to
receive all dividends and other distributions that it may be entitled to receive hereunder, (i) after the occurrence and during the continuance of an Event of Default, each Grantor shall promptly execute and deliver (or cause to be executed and
delivered) to Agent all such proxies, dividend payment orders and other instruments as Agent may from time to time reasonably request and (ii) without limiting the effect of clause (i) above, such Grantor hereby grants to Agent an
irrevocable proxy to vote all or any part of the Pledged Collateral and the Pledged Investment Property and to exercise all other rights, powers, privileges and remedies to which a holder of the Pledged Collateral or the Pledged Investment Property,
as applicable, would be entitled (including giving or withholding written consents of shareholders, partners or members, as the case may be, calling special meetings of shareholders, partners or members, as the case may be, and voting at such
meetings), which proxy shall be effective, automatically and without the necessity of any action (including any transfer of any Pledged Collateral or Pledged Investment Property on the record books of the Issuer thereof) by any other Person
(including the Issuer of such Pledged Collateral or Pledged Investment Property, as applicable, or any officer or agent thereof) during the continuance of an Event of Default and which proxy shall only terminate upon the Secured Obligations being
Paid in Full. 

  
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 6.4 Proceeds to be Turned Over to Agent. In addition to the rights of Agent specified
in Section 6.1 hereof with respect to payments of Receivables, if an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and other cash equivalent items shall be
held by such Grantor in trust for Agent (for the benefit of the Secured Parties), segregated from other funds of such Grantor, and shall, upon written request of Agent, forthwith upon receipt by such Grantor, be turned over to Agent in the exact
form received by such Grantor (duly indorsed by such Grantor to Agent, if required). All Proceeds received by Agent hereunder shall be held by Agent in a collateral account maintained under its sole dominion and control. All Proceeds, while held by
Agent (for the benefit of the Secured Parties) in any collateral account (or by such Grantor in trust for Agent (for the benefit of the Secured Parties)) established pursuant hereto, shall continue to be held as collateral security for the Secured
Obligations and shall not constitute payment thereof until applied as provided in Section 6.5 hereof. 
 6.5
Application of Proceeds. Agent may apply all or any part of Proceeds from the sale of, or other realization upon, all or any part of the Collateral (after deducting all attorneys’ and other fees and costs and expenses of every kind
incurred in connection therewith or incidental to the care or safekeeping of any Collateral or in any way relating to the Collateral or the rights of Agent and any other Secured Party hereunder) in payment of the Secured Obligations in such order as
Agent shall determine in its discretion, and may pay any other amount required by any Applicable Law. Any part of such funds which Agent elects not so to apply or pay and deem not required as collateral security for the Secured Obligations shall be
paid over from time to time by Agent to the applicable Grantor or to whomsoever may be lawfully entitled to receive the same. Any balance of such Proceeds remaining after the Secured Obligations shall have been Paid in Full shall be paid over to the
applicable Grantor or to whomsoever may be lawfully entitled to receive the same. 
 6.6 UCC and Other Remedies. If an Event of
Default shall occur and be continuing, Agent may exercise, in addition to all other rights and remedies granted to Agent or any of the other Secured Parties in this Agreement, the other Loan Documents and in any other instrument or agreement
securing, evidencing or relating to the Secured Obligations, all rights and remedies of a secured party under the UCC or any other Applicable Law. Without limiting the generality of the foregoing, Agent, without demand of performance or other
demand, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to below) to or upon any Grantor or any other Person (all and each of which demands, defenses (other than the defense that the Secured
Obligations have been Paid in Full), advertisements and notices are hereby waived), may in such circumstances (individually or through its Affiliates or their respective agents, representatives, consultants, advisors or attorneys) (i) enter
upon the premises where any Collateral is located, without any obligation to pay rent, through self-help, without judicial process, without first (A) obtaining a final judgment or (B) giving any Grantor or any other Person notice or
opportunity for a hearing on Agent’s claim or action, (ii) forthwith collect, receive, appropriate and realize upon the Collateral, or any part thereof, and/or (iii) forthwith sell, convey, transfer, lease, assign, give options to
purchase, or otherwise dispose of and deliver the Collateral or any part thereof (or contract to do any of the foregoing), in one or more parcels at public or private sale or sales, at any exchange, broker’s board or office of Agent or
elsewhere upon such terms and conditions as Agent may deem advisable and at such prices as it may deem best, for cash or on credit or for future delivery with assumption of any credit risk. Agent shall have the right upon any such public sale or
sales, and, to the extent permitted by law, upon any such private sale or sales, to purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption in any Grantor, which right or equity is hereby waived and
released. Each Grantor further agrees, at Agent’s request, to assemble the Collateral and make it available to Agent at places which Agent shall reasonably select, whether at such Grantor’s premises or elsewhere in connection with the
exercise of Agent’s remedies hereunder. Agent shall apply the net proceeds of any action taken by it pursuant to this Section 6.6, after deducting all costs and expenses of every kind incurred in connection therewith
or incidental to the care or safekeeping of any of 

  
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the Collateral or in any way relating to the Collateral or the rights of Agent hereunder, to the payment in whole or in part of the Secured Obligations, in such order as Agent may elect in its
discretion, and, only after such application and after the payment by Agent of any other amount required by any provision of Applicable Law, need Agent account for the surplus, if any, to any Grantor. Each Grantor waives all claims, damages and
demands such Grantor may acquire against Agent or any other Secured Party arising out of the exercise by Agent or any other Secured Party of any rights hereunder. If any notice of a proposed sale, transfer or other disposition of Collateral shall be
required by law, such notice shall be deemed reasonable and proper if given at least ten (10) calendar days before such sale, transfer or other disposition. 

6.7 Private Sale. 
 (a)
Each Grantor recognizes that Agent may be unable to effect a public sale of any or all the Pledged Collateral and Pledged Investment Property, by reason of certain prohibitions contained in the Securities Act and applicable state or foreign
securities laws or otherwise, or may otherwise determine that a public sale is impracticable, not desirable or not commercially reasonable, and, accordingly, and may resort to one or more private sales thereof to a restricted group of purchasers
that will be obliged to agree, among other things, to acquire such securities for their own account for investment and not with a view to the distribution or resale thereof. Each Grantor acknowledges and agrees that any such private sale may result
in prices and other terms less favorable than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such private sale shall be deemed to have been made in a commercially reasonable manner. Agent shall be under no
obligation to delay a sale of any of the Pledged Collateral or Pledged Investment Property for the period of time necessary to permit the Issuer thereof to register such securities or other interests for public sale under the Securities Act, or
under applicable state or foreign securities laws, even if such Issuer would agree to do so. 
 (b) Each Grantor agrees to do or cause to be
done all such other acts as may be necessary to make such sale or sales of all or any portion of the Pledged Collateral and Pledged Investment Property pursuant to this Section 6.7 and Section 6.11
hereof valid and binding and in compliance with Applicable Law. Each Grantor further agrees that a breach of any of the covenants contained herein will cause irreparable injury to Agent and the other Secured Parties, that Agent and the other Secured
Parties have no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant and agreement contained herein shall be specifically enforceable against such Grantor, and such Grantor hereby waives and agrees not
to assert any defenses against an action for specific performance of such covenants and agreements. Until all of the Secured Obligations are Paid in Full (and subject to any reinstatement pursuant to Section 8.18), each
Grantor postpones until such date any and all rights of contribution or subrogation upon the sale or Disposition of all or any portion of the Pledged Collateral and Pledged Investment Property by Agent. 

6.8 Deficiency. Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other Disposition of any Collateral
are insufficient to cause the Secured Obligations to be Paid in Full, including the payment in full in cash of the fees and disbursements of any attorneys employed by Agent or any other Secured Party to collect such deficiency. 

6.9 Licenses. For the purpose of enabling Agent (for the benefit of the Secured Parties) to exercise rights and remedies under this
Agreement (including in order to take possession of, collect, receive, assemble, process, appropriate, remove, realize upon, sell, assign, convey, transfer or grant options to purchase any Collateral) (in each case, for the avoidance of doubt,
pursuant to the terms and subject to the limitations in this Agreement), each Grantor hereby grants to Agent, for the benefit of the Secured Parties, in addition to the other grants, rights and remedies available to Agent and the Secured Parties
under the Loan Documents, an irrevocable, nonexclusive license (exercisable without payment of 

  
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royalty or other compensation to such Grantor, but only exercisable after the occurrence and during the continuance of an Event of Default) including in such license the right to use, practice,
license or sublicense any Intellectual Property now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and
to all computer software and programs used for the compilation or printout thereof, subject to, in the case of trademarks, to sufficient rights to quality control and inspection in favor of such Grantor to avoid the risk of invalidation of such
trademarks. 
 6.10 [Reserved]. 

6.11 [Reserved]. 
 6.12
Management of the Collateral. Each Grantor further agrees, that, upon the occurrence and during the continuance of any Event of Default and to the fullest extent not prohibited by Applicable Law, (i) Agent has the right to require that
each Grantor store and keep any Collateral pending further action by Agent and, while any such Collateral is so stored or kept, provide such guards and maintenance services as shall be necessary to protect the same and to preserve and maintain such
Collateral in good condition, (ii) until Agent is able to sell, assign, convey or transfer any Collateral, Agent shall have the right to hold or use such Collateral to the extent that it deems appropriate for the purpose of preserving the
Collateral or its value or for any other purpose deemed appropriate by Agent and (iii) Agent may, if it so elects, seek the appointment of a receiver or keeper to take possession of any Collateral and to enforce any of Agent’s remedies
(for the benefit of the Secured Parties), with respect to such appointment without prior notice or hearing as to such appointment. Agent shall not have any obligation to any Grantor to maintain or preserve the rights of any Grantor as against third
parties with respect to any Collateral while such Collateral is in the possession of Agent. 
 6.13 Direct Obligation. Neither Agent
nor any other Secured Party shall be required to make any demand upon, or pursue or exhaust any right or remedy against, any Grantor, any other Loan Party or any other Person with respect to the payment of the Secured Obligations or to pursue or
exhaust any right or remedy with respect to any Collateral therefor or any direct or indirect guaranty thereof. All of the rights and remedies of Agent and any other Secured Party under any Loan Document shall be cumulative, may be exercised
individually or concurrently and not exclusive of any other rights or remedies provided by any Applicable Law. Each Grantor absolutely and irrevocably waives and relinquishes the benefit and advantage of, and covenants not to assert against Agent or
any other Secured Party, any valuation, stay, appraisement, extension, redemption or similar laws and any and all rights or defenses it may have as a surety, now or hereafter existing, arising out of the exercise by them of any rights hereunder.

 6.14 Commercially Reasonable. To the extent that any Applicable Law impose duties on Agent to exercise remedies in a commercially
reasonable manner, each Grantor acknowledges and agrees that it is not commercially unreasonable for Agent to do any of the following: 
 (a)
fail to incur significant costs, expenses or other Liabilities reasonably deemed as such by Agent to prepare any Collateral for Disposition or otherwise to complete raw material or work in process into finished goods or other finished products for
Disposition; 
 (b) fail to obtain permits, or other consents, for access to any Collateral to sell or for the collection or sale of any
Collateral, or, if not required by other Applicable Law, fail to obtain permits, Authorizations or other consents for the collection or Disposition of any Collateral; 

  
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 (c) fail to exercise remedies against account debtors or other Persons obligated on any
Collateral or to remove Liens on any Collateral or to remove any adverse claims against any Collateral; 
 (d) advertise Dispositions of any
Collateral through publications or media of general circulation, whether or not such Collateral is of a specialized nature, or to contact other Persons, whether or not in the same business as any Grantor, for expressions of interest in acquiring any
such Collateral; 
 (e) exercise collection remedies against account debtors and other Persons obligated on any Collateral, directly or
through the use of collection agencies or other collection specialists, hire one or more professional auctioneers to assist in the Disposition of any Collateral, whether or not such Collateral is of a specialized nature, or, to the extent deemed
appropriate by Agent, obtain the services of other brokers, investment bankers, consultants and other professionals to assist Agent in the collection or Disposition of any Collateral, or utilize Internet sites that provide for the auction of assets
of the types included in the Collateral or that have the reasonable capacity of doing so, or that match buyers and sellers of assets to Dispose of any Collateral; 

(f) Dispose of assets in wholesale rather than retail markets; 

(g) disclaim Disposition warranties, such as title, possession or quiet enjoyment; or 

(h) purchase insurance or credit enhancements to insure Agent against risks of loss, collection or Disposition of any Collateral or to provide
to Agent a guaranteed return from the collection or Disposition of any Collateral. 
 Each Grantor acknowledges that the purpose of this
Section 6.14 is to provide a non-exhaustive list of actions or omissions that are commercially reasonable when exercising remedies against any Collateral and that other actions or
omissions by any Secured Party shall not be deemed commercially unreasonable solely on account of not being indicated in this Section 6.14. Without limitation upon the foregoing, nothing contained in this
Section 6.14 shall be construed to grant any rights to any Grantor or to impose any duties on Agent or any other Secured Party that would not have been granted or imposed by this Agreement or by Applicable Law in the
absence of this Section 6.14. 
 SECTION 7 AGENT. 

7.1 Agent’s Appointment as Attorney-in-Fact. 

(a) Each Grantor hereby irrevocably constitutes and appoints Agent and any Affiliates, directors, partners, officers, employees, agents,
counsel and advisors thereof, with full power of substitution, as its true and lawful attorney-in-fact with full power and authority in the place and stead of such
Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of the Loan Documents, to, upon the occurrence and during the continuance of an Event of Default, take any appropriate action and to execute any
document, agreement or instrument that may be necessary or desirable to accomplish the purposes of the Loan Documents, and, without limiting the generality of the foregoing, each Grantor hereby gives Agent and its Affiliates, directors, partners,
officers, employees, agents, counsel and advisors the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any of the following when an Event of Default has occurred and is continuing: 

  
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 (i) in the name of such Grantor, in its own name or otherwise, take
possession of and indorse and collect any check, draft, note, acceptance or other instrument for the payment of moneys due under any account or general intangible that is Collateral or with respect to any other Collateral and file any claim or take
any other action or proceeding in any court of law or equity or otherwise deemed appropriate by Agent for the purpose of collecting any such moneys due under any account or general intangible that is Collateral or with respect to any other
Collateral whenever payable; 
 (ii) in the case of any Intellectual Property owned by and, in the case of copyrights,
exclusively licensed to such Grantor, execute, deliver and have recorded any document, agreement or instrument that Agent may request in accordance with this Agreement to evidence, effect, publicize or record Agent’s security interest in such
Intellectual Property and the goodwill and general intangibles of such Grantor relating thereto or represented thereby; 

(iii) pay or discharge taxes and Liens levied or placed on or threatened against any Collateral, effect any repair or pay any
insurance called for by the terms of the Credit Agreement (including all or any part of the premiums therefor and the costs thereof); 

(iv) execute and deliver, in connection with any sale provided for in Section 6.7 or
Section 6.11 hereof, any document, agreement or instrument to effect or otherwise necessary or appropriate in relation to evidence the sale of any Collateral; or 

(v) (A) direct any party liable for any payment under any Collateral to make payment of any moneys due or to become due
thereunder directly to Agent or as Agent shall direct, (B) ask or demand for, and collect and receive payment of and receipt for, any moneys, claims and other amounts due or to become due at any time in respect of or arising out of any
Collateral, (C) sign and indorse any invoice, freight or express bill, bill of lading, storage or warehouse receipt, draft against debtors, assignment, verification, notice and other document in connection with any Collateral, (D) commence
and prosecute any suit, action or proceeding at law or in equity in any court of competent jurisdiction to collect any Collateral and to enforce any other right in respect of any Collateral, (E) defend any actions, suits, proceedings, audits,
claims, demands, orders or disputes brought against such Grantor with respect to any Collateral, (F) settle, compromise or adjust any such actions, suits, proceedings, audits, claims, demands, orders or disputes that are related to Collateral
and, in connection therewith, give such discharges or releases as Agent may deem appropriate, (G) assign any Intellectual Property owned by any Grantor or any Intellectual Property licenses of any Grantor where such Grantor is the licensor
thereunder throughout the world on such terms and conditions and in such manner as Agent shall in its sole discretion determine, including the execution and filing of any document, agreement or instrument necessary to effectuate or record such
assignment and (H) generally, sell, assign, convey, transfer or grant a Lien on, make any contractual obligation with respect to and otherwise deal with, any Collateral as fully and completely as though Agent were the absolute owner thereof for
all purposes and do, at Agent’s option, at any time or from time to time, all acts and things that Agent deems necessary to protect, preserve or realize upon any Collateral and the Secured Parties’ security interests therein and to effect
the intent of the Loan Documents, all as fully and effectively as such Grantor might do; or 
 (vi) If any Grantor fails to
perform or comply with any contractual obligation contained herein, then during the existence of an Event of Default, Agent, at its option, but without any obligation so to do, may perform or comply, or otherwise cause performance or compliance,
with such contractual obligation. 
 (b) The costs and expenses (including attorneys’ fees) of Agent incurred in connection with actions
undertaken as provided in this Section 7.1, together with, during the existence of an Event of Default as set forth in Section 2.8 of the Credit Agreement, interest thereon at a rate set forth in
Section 2.8 of the Credit Agreement, from the date of payment by Agent to the date reimbursed by the relevant Grantor, shall be payable by such Grantor to Agent on written demand by Agent to Borrower. 

  
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 (c) Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be
done by virtue of, and in accordance with, this Section 7.1. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the
security interests created hereby are released by Agent in writing. 
 7.2 Authority of Agent. Each Grantor acknowledges that the
rights and responsibilities of Agent under this Agreement with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or
remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time
among them, but, as between Agent and any Grantor, Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation or
entitlement to make any inquiry respecting such authority. 
 7.3 Duty; Obligations and Liabilities. 

(a) Agent’s sole duty with respect to the custody, safekeeping and physical preservation of the Collateral in its possession shall be to
deal with it in the same manner as Agent deals with similar property for its own account. The powers conferred on Agent hereunder are solely to protect Agent’s interest in the Collateral and shall not impose any duty upon Agent to exercise any
such powers. Agent shall be accountable only for amounts that it receives as a result of the exercise of such powers, and neither it nor any of its Affiliates, directors, partners, officers, employees, agents, counsel or advisors shall be
responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct, in each case, as determined by a court of competent jurisdiction in a final
non-appealable order. In addition, Agent shall not be liable or responsible for any loss or damage to any Collateral, or for any diminution in the value thereof, by reason of the act or omission of any
warehousemen, carrier, forwarding agency, consignee or other bailee. 
 (b) No Secured Party and no Affiliates, directors, partners,
officers, employees, agents, counsel or advisors thereof shall be liable for failure to demand, collect or realize upon any Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise Dispose of any Collateral upon
the request of any Grantor or any other Person or to take any other action whatsoever with regard to any Collateral. The powers conferred on Agent hereunder shall not impose any duty upon any other Secured Party to exercise any such powers. The
other Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their respective officers, directors, employees or agents shall be responsible to any
Grantor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct as determined by a court of competent jurisdiction in a final non-appealable order. 

SECTION 8 MISCELLANEOUS. 
 8.1
Amendments in Writing. The provisions of this Agreement may be waived, modified, supplemented or amended only by an instrument in writing signed by the authorized officer of each party hereto; provided, however, that annexes and
schedules, as applicable, to this Agreement may be supplemented or modified (but no existing provisions may be modified and no Collateral may be released, except with respect to the removal of items on the schedules in connection with a sale or
other Disposition of Collateral, a release of a Guarantor or a merger or acquisition, in each case, as expressly permitted under the Credit Agreement) as set forth in Section 5 hereof and
Section 8.15 hereof. Notwithstanding anything to the contrary in the first sentence of this Section 8.1, any time period for performance under this Agreement may be extended, at any time, by Agent
in its sole discretion. 

  
 27 

 8.2 Notices. All notices, requests and demands to or upon Agent or any Guarantor or
Grantor hereunder shall be addressed to such party and effected in the manner provided for in Section 6.1 of the Credit Agreement, and each Guarantor and Grantor hereby appoints Borrower as its agent to receive notices
hereunder. 
 8.3 Indemnification by Grantors. Each Grantor and each Guarantor agrees to jointly and severally indemnify, pay, and
hold Agent, the other Secured Parties and the Secured Parties’ Affiliates and their respective partners, counsel, advisors, officers, directors, employees, agents, and attorneys harmless against Liabilities and Losses to the extent set forth in
Section 6.11 of the Credit Agreement, the terms of which are incorporated herein by reference as though set forth fully herein. The provisions in this Section 8.3 shall survive repayment of all
Secured Obligations (and all commitments of Lenders (including Subsequent Disbursement Commitments), if any, to extend credit under the Loan Documents have been fully terminated or have fully expired), any foreclosure under, or any modification,
release or discharge of, any or all of the Collateral, and termination of this Agreement. 
 8.4 Enforcement Expenses. 

(a) Each Grantor and each Guarantor agrees, on a joint and several basis, to pay or reimburse on demand Agent and the other Secured Parties for
all costs and expenses (including attorneys’ fees) incurred in collecting against any Guarantor under the guaranty contained in Section 2 or otherwise enforcing or preserving any rights against any Grantor under this
Agreement or any of the other Loan Documents. 
 (b) Each Grantor and each Guarantor agrees to pay, and to save and hold Agent and the other
Secured Parties harmless from, any and all Liabilities with respect to, or resulting from any delay in paying, any and all stamp, excise, sales or other taxes which may be payable or determined to be payable with respect to any of the Collateral or
in connection with any of the transactions contemplated by this Agreement. 
 (c) The agreements in this
Section 8.4 shall survive repayment of all Secured Obligations (and all commitments of Lenders, if any, to extend credit that would constitute Secured Obligations (including Subsequent Disbursement Commitments) have been
fully terminated or have fully expired), any foreclosure under, or any modification, release or discharge of, any or all of the Collateral, and termination of this Agreement. 

8.5 Nature of Remedies. All Secured Obligations of each Grantor and rights of Agent and the other Secured Parties expressed herein or in
any other Loan Document shall be in addition to and not in limitation of those provided by Applicable Law. No failure to exercise and no delay in exercising, on the part of any Secured Party, any right, remedy, power or privilege hereunder or under
any other Loan Document, shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder or under any other Loan Document preclude any other or further exercise thereof or the exercise
of any other right, remedy, power or privilege. 
 8.6 Counterparts; Effectiveness. This Agreement may be executed in several
counterparts, and by each Party on separate counterparts, each of which and any photocopies, facsimile copies and other electronic methods of transmission thereof shall be deemed an original, but all of which together shall constitute one and the
same agreement. 

  
 28 

 8.7 Severability. If any provision of this Agreement or any of the other Loan
Documents shall be invalid, illegal or unenforceable in any respect under any law, the validity, legality and enforceability of the remaining provisions hereof or thereof shall not in any way be affected or impaired thereby. The parties hereto shall
endeavor in good faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provision. 

8.8 Entire Agreement. This Agreement (together with the other Loan Documents) contains the entire understanding of the parties hereto
with respect to the matters covered hereby and supersedes any and all other written and oral communications, negotiations, commitments and writings with respect thereto. All Exhibits, Schedules and Annexes referred to herein are incorporated in this
Agreement by reference and constitute a part of this Agreement. If any provision contained in this Agreement conflicts with any provision of the Credit Agreement, then with regard to such conflicting provisions, the Credit Agreement shall govern and
control. 
 8.9 Successors; Assigns. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns except that Grantors and Guarantors may not assign their rights or obligations hereunder without the written consent of Agent and any such purported assignment without such written consent shall be
absolutely void ab initio. 
 8.10 Governing Law; Venue; Jurisdiction; Service of Process; Waiver of Jury Trial. The terms of
Section 6.4 of the Credit Agreement are incorporated herein by reference, mutatis mutandis, and the parties hereto agree to such terms. 

8.11 [Reserved]. 
 8.12
[Reserved]. 
 8.13 Set-off. Each Grantor agrees that Agent and the other Secured
Parties have all rights of set-off and bankers’ lien provided by Applicable Law, and in addition thereto, each Grantor agrees that at any time any Event of Default exists, Agent and the other Secured
Parties may apply to the payment of any Secured Obligations in such order as Agent or the other Secured Parties, as applicable, may determine in Agent’s sole discretion, whether or not then due, any and all balances, credits, deposits, accounts
or moneys of such Grantor then or thereafter with the Secured Parties. The rights under this Section 8.13 are in addition to any other rights and remedies (including other rights of setoff) that any Secured Party or any of
its Affiliates may have. 
 8.14 Acknowledgements. Each Grantor and each Guarantor hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents to which it is a
party; 
 (b) Neither Agent nor any other Secured Party have any fiduciary relationship with or duty to any Grantor or Guarantor arising out
of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Grantors and Guarantors, on the one hand, and Agent and the other Secured Parties, on the other hand, in connection herewith or therewith is
solely that of debtor and creditor; and 

  
 29 

 (c) no joint venture is created hereby or by the other Loan Documents or otherwise exists by
virtue of the transactions contemplated hereby among the Grantors, Guarantors and the Secured Parties. 
 8.15 Additional
Grantors/Guarantors. The Grantors shall cause each Subsidiary of Borrower required to become a Loan Party pursuant to and in accordance with Section 5.1(l) of the Credit Agreement, within the time periods specified in Section 5.1(l) of
the Credit Agreement, to guaranty Borrower’s, the other Guarantors’, the other Grantors’ and the other Loan Parties’ performance of the Secured Obligations and grant to Agent, for the benefit of the Secured Parties, a security
interest in all property of such Person (to the extent such personal property would constitute Collateral) to secure its performance and obligations under the Credit Agreement and the other Loan Documents (to the extent a party thereto) and
Borrower’s, each Guarantor’s, the other Grantors’ and the other Loan Parties’ performance of the Secured Obligations by becoming a party to this Agreement. Upon the execution and delivery by any such Subsidiary of an
instrument, agreement or document substantially in the form of Annex I hereto, such Subsidiary shall become a Grantor and Guarantor hereunder with the same force and effect as if such Subsidiary was originally named as a party
hereto. The execution and delivery of any such instrument, agreement or document shall not require the consent of any other Loan Party hereunder. The rights and obligations of each Loan Party hereunder shall remain in full force and effect
notwithstanding the addition of any new Loan Party as a party hereto. 
 8.16 Releases. 

(a) Subject to Section 8.18, at such time as the Secured Obligations have been Paid in Full, the Collateral shall be
automatically released from the Liens created hereby, and this Agreement and all guarantees and obligations (other than those expressly stated to survive such termination) of Agent and each Grantor hereunder shall terminate, all without delivery of
any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the Grantors. At the reasonable written request and sole expense of any Grantor following any such termination, Agent shall promptly deliver to
the Grantors any Collateral held by Agent hereunder, and execute and deliver to the Grantors such documents (including authorization to file UCC termination statements) as the Grantors shall reasonably request in writing to evidence such
termination. 
 (b) If any of the Collateral shall be sold, transferred or otherwise disposed of in a permanent manner by any Grantor in a
transaction permitted by the Credit Agreement (in each case, other than to any Grantor), then Agent, at the reasonable written request and sole expense of Grantors, shall execute and deliver to such Grantor all releases or other documents reasonably
necessary or desirable for the release of the Liens created hereby on such Collateral. At the reasonable written request and sole expense of Borrower and the other Loan Parties, a Grantor shall be released from its obligations hereunder in the event
that all the Stock of such Grantor shall be sold, transferred or otherwise disposed of in a permanent manner in a transaction permitted by the Credit Agreement (in each case, other than to any Grantor); provided that Borrower shall have
delivered to Agent, with reasonable written notice prior to the date of the proposed release, a written request for release identifying the relevant Grantor and the terms of the sale or other disposition in reasonable detail, including the price
thereof and estimated expenses in connection therewith, together with a certification by Borrower and the other Loan Parties stating that such transaction is in compliance with (and is permitted by) the Credit Agreement and the other Loan Documents.

 8.17 Obligations and Liens Absolute and Unconditional. Each Grantor and each Guarantor understands and agrees that the obligations
of each Grantor under this Agreement shall be construed as continuing, absolute and unconditional without regard to (a) the validity or enforceability of any Loan Document, any of the Secured Obligations or any other collateral security
therefor or guaranty 

  
 30 

 
or right of offset with respect thereto at any time or from time to time held by Agent or any other Secured Party, (b) any defense, set-off or
counterclaim (other than a defense that the Secured Obligations have been Paid in Full) which may at any time be available to or be asserted by any Grantor, Guarantor or any other Person against Agent or any other Secured Party, or (c) any
other circumstance whatsoever (with or without notice to or knowledge of any Grantor or Guarantor) which constitutes, or might be construed to constitute, an equitable or legal discharge of any Grantor or Guarantor for the Secured Obligations, in
bankruptcy or in any other instance. When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any Grantor or Guarantor, Agent and the other Secured Parties may, but shall be under no obligation to, make a
similar demand on or otherwise pursue such rights and remedies as they may have against any other Grantor or Guarantor or any other Person or against any collateral security or guaranty for the Secured Obligations or any right of offset with respect
thereto, and any failure by Agent or any other Secured Party to make any such demand, to pursue such other rights or remedies or to collect any payments from any other Grantor or Guarantor or any other Person or to realize upon any such collateral
security or guaranty or to exercise any such right of offset, or any release of any other Grantor or Guarantor or any other Person or any such collateral security, guaranty or right of offset, shall not relieve any Grantor or Guarantor of any
obligation or Liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of Agent or any other Secured Party against any Grantor or Guarantor. For the purposes hereof,
“demand” shall include the commencement and continuance of any legal proceedings. 
 8.18 Reinstatement. Each Grantor and
Guarantor agrees that, if any payment made by any Loan Party or other Person and applied to the Secured Obligations or the Guarantor Obligations is at any time annulled, avoided, set aside, rescinded, invalidated, declared to be fraudulent or
preferential or otherwise required to be refunded or repaid, or the proceeds of any Collateral are required to be returned by any Secured Party to such Loan Party, its estate, trustee, receiver or any other Person, including any Grantor or
Guarantor, under any applicable bankruptcy law, state or federal law, common law or equitable cause or otherwise, then, to the extent such payment or repayment is annulled, avoided, set aside, rescinded, invalidated, refunded, repaid or returned,
any Lien or other Collateral securing such liability shall be and remain in full force and effect, as fully as if such payment had never been made. If, prior to any of the foregoing, (a) any Lien or other Collateral securing such Grantor’s
or Guarantor’s liability hereunder shall have been released or terminated by virtue of the foregoing or (b) any provision of the guaranty hereunder shall have been terminated, cancelled or surrendered in connection with the foregoing
payment, such Lien, other Collateral, guaranty or provision shall be reinstated in full force and effect and such prior release, termination, cancellation or surrender shall not diminish, release, discharge, impair or otherwise affect the
obligations of any such Grantor or Guarantor in respect of any Lien or other Collateral securing such obligation or the amount of such payment or guaranty or other provision. 

8.19 Independent Obligations. The obligations of each Grantor and each Guarantor hereunder are independent of and separate from the
Secured Obligations and the Guarantor Obligations. During the continuance of any Event of Default, Agent may, at its sole election, proceed directly and at once, without notice, against any Grantor, any Guarantor and any Collateral to collect and
recover the full amount of any Secured Obligation or Guarantor Obligation then due, without first proceeding against any other Grantor, any Guarantor, any other Loan Party or any other Collateral, assets or property or any guaranty and without first
joining any other Grantor, any other Guarantor or any other Loan Party in any proceeding. 
 8.20 No Waiver by Course of Conduct. No
Secured Party shall by any act (except by a written instrument pursuant to Section 8.1 hereof and Section 6.6((b) of the Credit Agreement), delay, indulgence, omission or otherwise be deemed to have waived any
right or remedy hereunder or to have acquiesced in any Default or Event of Default. No failure to exercise, nor any delay in exercising, on the part of any Secured Party, any right, power or privilege hereunder or any other Loan Document shall

  
 31 

 
operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder or any other Loan Document shall preclude any other or further exercise thereof or the
exercise of any other right, power or privilege. A waiver by any Secured Party of any right or remedy hereunder or any other Loan Document on any one occasion shall not be construed as a bar to any right or remedy that such Secured Party would
otherwise have on any future occasion. 
 8.21 Remedies Cumulative. The rights and remedies provided in this Agreement and the other
Loan Documents shall be cumulative and not exclusive of any rights or remedies provided by law or at equity. 
 8.22 Perfection
Thresholds. Notwithstanding anything to the contrary herein, any Dollar thresholds that apply with respect to any Collateral before delivery actions or other actions are required to be taken by any Grantor under this Agreement shall be
inapplicable (and no such Dollar threshold shall exist) during any period when an Event of Default has occurred and is continuing. 
 8.23
Interpretation. Notwithstanding anything to the contrary in this Agreement, any reference to “most recently delivered Perfection Certificate” (or words of similar import) shall mean a Perfection Certificate delivered to the Agent
and the Lenders in accordance with Section 5.1(i) of the Credit Agreement. 
 8.24 Amendment and Restatement; Continuation of
Obligations and Liens; No Novation. 
 (a) This Agreement does not extinguish the outstanding obligations of the Grantors evidenced by
the Existing Guaranty and Security Agreement or discharge or release any Lien or security interest or any other security under the Existing Loan Documents or the Loan Documents, all of which obligations, Liens, security interests and security
continue under this Agreement and the other Loan Documents (in each case, as expanded, increased and enlarged hereby, as applicable). Nothing herein contained shall be construed as a substitution or novation of the original obligations or other
obligations (including any “Guarantor Obligations” or “Secured Obligations”) under the Existing Guaranty and Security Agreement, which shall remain in full force and effect, except as amended hereby and by the other Loan
Documents, and shall continue at all times under this Agreement, as amended hereby and thereby. 
 (b) All of the security interests, Liens
and collateral (including the “Collateral” (as defined therein, the “Existing Collateral”)) granted under the Existing Guaranty and Security Agreement are hereby reaffirmed, ratified and confirmed in all respects and all
parties hereto agree that such security interests, Liens and collateral (including the Existing Collateral) continue under this Agreement. 

(c) Each Grantor acknowledges and confirms that, as of the Agreement Date, it has no defense, set off, claim or counterclaim arising on or
prior to the Agreement Date against any of the Secured Parties with regard to the indebtedness, liabilities and obligations created under the Existing Guaranty and Security Agreement and the Liens and security interests granted pursuant to the
Existing Loan Documents to secure the indebtedness, liabilities and obligations (including the “Guarantor Obligations”, the “Secured Obligations” and the “Obligations,” as applicable) of the Grantors to the Secured
Parties under the Existing Guaranty and Security Agreement, as amended and restated hereby, and that the term “Obligations” as used in the Loan Documents (or any other term used therein to describe or refer to the indebtedness, liabilities
and obligations of the Grantors to the Secured Parties) includes, without limitation, the indebtedness, liabilities and obligations (including the Guarantor Obligations and the Secured Obligations) of the Guarantors and the Grantors under this
Agreement, as the same further may be amended, modified, supplemented and/or restated from time to time. The Loan Documents and all 

  
 32 

 
agreements, instruments and documents executed or delivered in connection with any of the foregoing shall each be deemed to be amended to the extent necessary to give effect to the provisions of
this Section 8.24. From and after the date hereof, all references in the Loan Documents to the “Guaranty and Security Agreement” shall be deemed to refer to this Agreement.    From and after the date hereof, all
references in the Loan Documents to (i) a “Guarantor” or the “Guarantors” shall be deemed to refer to the defined terms “Guarantor” or the “Guarantors” (as applicable) under this Agreement, (ii) the
“Guarantor Obligations” shall be deemed to refer to the defined term “Guarantor Obligations” under this Agreement and (iii) the “Secured Obligations” shall be deemed to refer to the defined term “Secured
Obligations” under this Agreement. Cross-references in the Loan Documents to particular section numbers in the Existing Guaranty and Security Agreement shall be deemed to be cross-references to the corresponding sections, as applicable, of this
Agreement. 
 (d) The provisions of Sections 6.26, 6.27 and 6.28 of the Credit Agreement are incorporated herein mutatis
mutandis. 
 [SIGNATURE PAGES FOLLOW] 
  

  
 33 

 IN WITNESS WHEREOF, each of the undersigned has caused this Agreement to be duly executed
and delivered as of the date first above written. 
  

					
	GRANTORS AND GUARANTORS:	 	AERIE PHARMACEUTICALS, INC.,
		 	a Delaware corporation, as Grantor and Guarantor
			
		 	By:	 	 /s/ Richard Rubino

		 	Name:	 	 Richard Rubino

		 	Title:	 	 Chief Financial Officer, Secretary and Treasurer

		
		 	AERIE DISTRIBUTION, INC.,
		 	A Delaware corporation, as Grantor and Guarantor
			
		 	By:	 	 /s/ Alison Green Floyd

		 	Name:	 	 Alison Green Floyd

		 	Title:	 	 Vice President, Secretary and Treasurer

 [Signature Page to Amended and Restated Guaranty and Security Agreement] 

					
	AGENT:	 	DEERFIELD PRIVATE DESIGN FUND III, L.P.
			
		 	By:	 	 Deerfield Mgmt III, L.P.,
 its General
Partner

			
		 	By:	 	 J.E. Flynn Capital LLC,
 its General
Partner

			
		 	By:	 	 /s/ David J. Clark

		 	Name:	 	 David J. Clark

		 	Title:	 	 Authorized Signatory

 [Signature Page to Amended and Restated Guaranty and Security Agreement] 

 SCHEDULE 1 

PLEDGED EQUITY AND PLEDGED DEBT INSTRUMENTS 

 SCHEDULE 1A 

PLEDGED INVESTMENT PROPERTY 
 None.

 SCHEDULE 2 

FILINGS AND PERFECTION 
  

			
	Grantor	 	Filing Office
	Aerie Pharmaceuticals, Inc.	 	Delaware Secretary of State
	Aerie Distribution, Inc.	 	Delaware Secretary of State

 SCHEDULE 3 

GRANTOR INFORMATION 
  

									
	 GRANTOR

(exact legal name)
	 	 STATE/COUNTRY

OF

ORGANIZATION
	 	 FEDERAL

EMPLOYER
IDENTIFICATION
NUMBER
	  	 CHIEF EXECUTIVE
OFFICE
	  	 ORGANIZATIONAL
IDENTIFICATION
NUMBER

	Aerie Pharmaceuticals, Inc.	 	Delaware, USA	 	20-3109565	  	 4301 Emperor Boulevard, Suite 400
 Durham,
North Carolina 27703
	  	3989270
					
	Aerie Distribution, Inc.	 	Delaware, USA	 	81-4767270	  	 4301 Emperor Boulevard, Suite 400
 Durham,
North Carolina 27703
	  	6258106

 SCHEDULE 4 

PLACES OF BUSINESS / LOCATION OF COLLATERAL 
  

									
	 Grantor
	 	 Location
	 	 Specify Whether

Location Has

(i) Inventory

and/or
 Equipment,

(ii) Books
 and

Records, or

(iii) Both
	  	
    Interest    
	  	 Lessor

	 Aerie Pharmaceuticals, Inc.
 and

Aerie Distribution, Inc.
	 	 4301 Emperor Boulevard,
 Suite 400

Durham, North Carolina
 27703
	 	Both	  	Leased	  	Durham Exchange Place, LLC
					
	Aerie Pharmaceuticals, Inc.	 	 2030 Main Street, Suite 1400
 Irvine, CA
92614
	 	Both	  	Leased	  	Third Avenue Investments, LLC
					
	Aerie Pharmaceuticals, Inc.	 	 550 Hills Drive, Third Floor
 Bedminster, NJ
07921
	 	Both	  	Leased	  	S/K Bed One Associates LLC

 SCHEDULE 5 

INTELLECTUAL PROPERTY 
  

											
	 Type of
 Intellectual

Property
 (patent,

trademark,
 Internet

domain name,
 copyright,

etc.)
	  	 Owner
	  	 Title
	  	 Jurisdiction
	  	 Registration
or Application
Number
	  	
Registration
or Application
Date

 SCHEDULE 6 

ACCOUNTS 

 SCHEDULE 7 

COMMERCIAL TORT CLAIMS 
 None. 

 ANNEX I 

FORM OF JOINDER TO GUARANTY AND SECURITY AGREEMENT 

This JOINDER AGREEMENT (this “Agreement”) dated as of
[                ], 20[        ] is executed by the undersigned (each, a “New Grantor”) in favor of Deerfield
Private Design Fund III, L.P., as Agent, for the benefit of the Secured Parties in connection with that certain Amended and Restated Guaranty and Security Agreement dated as of May 2, 2019 by and among Agent and the Guarantors and Grantors party
thereto (as amended, restated, supplemented or otherwise modified from time to time, the “Guaranty and Security Agreement”). Capitalized terms not otherwise defined herein are being used herein as defined in the Guaranty and
Security Agreement, or if not defined therein, in the Credit Agreement (as defined therein). 
 Each New Grantor is required to execute this
Agreement pursuant to Section 8.15 of the Guaranty and Security Agreement. 
 In consideration of the premises and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each New Grantor hereby agrees as follows: 

1. Each New Grantor assumes all the obligations of a Grantor and a Guarantor under the Guaranty and Security Agreement and agrees that such New
Grantor is a Grantor and a Guarantor and bound as a Grantor and a Guarantor under the terms of the Guaranty and Security Agreement, as if it had been an original signatory to the Guaranty and Security Agreement. In furtherance of the foregoing, such
New Grantor hereby unconditionally and irrevocably mortgages, pledges, assigns, hypothecates and transfers to Agent, for the benefit of the Secured Parties, and grants to Agent, for the benefit of the Secured Parties, a continuing Lien on and
security interest in all of its right, title and interest in and to all of the Collateral owned by such New Grantor to secure the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of
the Secured Obligations. 
 2. Schedules 1, 1A, 2, 3, 4, 5, 6 and 7 of the Guaranty and Security Agreement are hereby amended to add the
information relating to each New Grantor set out on Schedules 1, 1A, 2, 3, 4, 5, 6 and 7 respectively, hereof. Each New Grantor hereby makes to Agent and the other Secured Parties the representations and warranties set forth in the Guaranty and
Security Agreement applicable to such New Grantor and the applicable Collateral and confirms that such representations and warranties are true and correct in all material respects (without duplication of any materiality qualifier) as of the date
hereof after giving effect to such amendment to such Schedules (and without giving effect to any specific earlier date). 
 3. In furtherance
of its obligations under Section 5.2 of the Guaranty and Security Agreement, each New Grantor agrees to deliver to Agent appropriately complete UCC financing statements naming such New Grantor as debtor and Agent as secured
party, and describing its Collateral and such other documentation as Agent (or its successors or assigns) may require to evidence, protect and perfect the Liens created by the Guaranty and Security Agreement, as modified hereby. Each New Grantor
acknowledges the authorizations given to Agent and the other Secured Parties under Section 5.9 of the Guaranty and Security Agreement and otherwise. 

4. Each New Grantor’s address for notices under the Guaranty and Security Agreement shall be the address of Borrower set forth in
Section 6.1 the Credit Agreement and each New Grantor hereby appoints Borrower as its agent to receive notices hereunder and under the other Loan Documents. 

  
 ANNEX 1 - 1 

 5. Agent acknowledges that upon the effectiveness of this Agreement, each New Grantor shall
have the rights, responsibilities, liabilities and obligations of a Grantor and Guarantor under the Guaranty and Security Agreement. 
 6.
This Agreement is a Loan Document. This Agreement shall be deemed to be part of, and a modification to, the Guaranty and Security Agreement and shall be governed by all the terms and provisions of the Guaranty and Security Agreement, with respect to
the modifications intended to be made to the Guaranty and Security Agreement, which terms are incorporated herein by reference, are ratified and confirmed and shall continue in full force and effect as valid and binding agreements of each New
Grantor enforceable against such Person. Each New Grantor hereby waives notice of Agent’s acceptance of this Agreement. Each such New Grantor will deliver an executed original of this Agreement to Agent. This Agreement may be executed in
several counterparts, and by each party hereto on separate counterparts, each of which and any photocopies, facsimile copies and other electronic methods of transmission thereof shall be deemed an original, but all of which together shall constitute
one and the same agreement. 
 7. The provisions of Sections 8.10, 8.11 and 8.12 of the Guaranty and Security Agreement shall apply hereto
mutatis mutandis. 
 [remainder of page intentionally left blank] 

  
 ANNEX 1 - 2 

 IN WITNESS WHEREOF, each New Grantor has caused this Agreement to be duly executed and
delivered as of the date first above written. 
  

					
	[add signature block for each New Grantor]
		
		 	
[                          
          ],
 a
[                            ],

as a New Grantor

			
		 	By:	 	
		 	Name:	 	
                 

  

			
	Acknowledged and agreed to as of the date first above written:
	
	AGENT:
	
	DEERFIELD PRIVATE DESIGN FUND III, L.P.
		
	By:	 	              

	Name:	 	              

	Title:	 	              

  
 ANNEX 1 - 3ex_142891.htm

Exhibit 10.1

 

SETTLEMENT AGREEMENT

 

This SETTLEMENT AGREEMENT (hereinafter “SETTLEMENT” or “AGREEMENT”) is made and entered into by and between ZERO GRAVITY SOLUTIONS, INC. (“ZGSI”) and JOHN WAYNE KENNEDY (“Kennedy”) collectively (“the Parties”) to settle disputes concerning USPN 9,816,071, Patent Application No. 15/729,038, and Patent Application No. 14/244,084:

 

RECITALS

 

	 	
			(A)

				
			Kennedy’s office is located at 101 Beachside Drive, Stevensville, MD 21666;

			

 

	 	
			(B)

				
			ZGSI is a Nevada corporation with offices located at 190 NW Spanish River Blvd., Boca Raton, FL 33431;

			

 

	 	
			(C)

				
			Kennedy is the inventor of the following patents/patent applications:

			

 

	 	
			●

				
			The Replication of Undifferentiated Cells in the Weightless Environment, Uses Thereof and a Facility for Such Replication and the Acceleration of the Evolution of Plants and Animals USPN 9,816,071 and Patent Application No. 15/729,038; and

			

 

	 	
			●

				
			The Copper/Zinc Superoxide Dismutase (SOD) Formulation for the Treatment of Traumas Including Amyotrophic Lateral Sclerosis Patent Application No. 14/244,084;

			

 

	 	
			(D)

				
			The Parties entered into a License and Royalty Agreement on or about November 15, 2012 with respect to USPN 9,816,071 and, in conjunction with that agreement, Kennedy assigned USPN 9,816,071 to ZGSI by an agreement dated December 3, 2012;

			

 

	 	
			(E)

				
			The Parties entered into a Licensing and Royalty Agreement on or about March 12, 2015 with respect to Patent Application No. 14/244,084. Kennedy may have assigned Patent Application No. 14/244,084 to ZGSI, though Kennedy is still listed as the patent owner with the US Patent Office;

			

 

	 	
			(F)

				
			The Parties entered into an Assignment and Royalty Agreement on or about November 15, 2015, with respect to Patent Application No. 14/244,084 and International Patent Serial No. PCT/US 15/24045. Kennedy assigned Patent Application No. 14/244,084 and International Patent Serial No. PCT/US 15/24045 to ZGSI.

			

 

	 	
			(G)

				
			The US Patent Office sent a non-final rejection of the Patent Application No. 14/244,084 on or about October 19, 2018. A response can be filed as late as April 19, 2019 (with a three-month extension of time). If a response is not timely filed, the application will be deemed abandoned;

			

 

 

SETTLEMENT AGREEMENT - 1

 

 

	 	
			(H)

				
			Kennedy claims that ZGSI is in default of the November 15, 2012 License and Royalty Agreement. As a result, Kennedy claims that ownership of USPN 9,816,071 has reverted to him. ZGSI denies this contention;

			

 

	 	
			(I)

				
			Kennedy claims that ZGSI is in default of the March 12, 2015 Licensing and Royalty Agreement. As a result, Kennedy claims that ownership of Patent Application No. 14/244,084 has reverted to him. ZGSI denies this contention.; and

			

 

	 	
			(J)

				
			The Parties wish to resolve and settle all disputes they may have regarding the above or otherwise existing between them.

			

 

NOW, THEREFORE, IN CONSIDERATION OF THE PROMISES AND MUTUAL COVENANTS CONTAINED HEREIN, AND IN FULL AND COMPLETE RELEASE, DISCHARGE AND SETTLEMENT OF ALL CLAIMS, THE PARTIES HERETO, EACH INTENDING TO BE LEGALLY BOUND HEREBY, DO PROMISE AND AGREE AS FOLLOWS:

 

PROVISIONS

 

	 	
			A.

				
			CONSIDERATION

			

 

1.     Kennedy represents and warrants that he is the sole owner of TWO MILLION (2,000,000) shares of ZGSI common stock, as evidenced by book entry as maintained by the Company’s transfer agent (the “Common Stock”), and that such Common Stock is free and clear of all taxes, liens, charges and any and all other encumbrances of any nature whatsoever (collectively, the “Encumbrances”). Kennedy further represents and warrants that he has all requisite right, power and authority now and at the Effective Date of this Agreement, to transfer back to the ZGSI good, valid and marketable title to the Common Stock, free and clear of all Encumbrances. Kennedy has not granted any power of attorney with respect to any of the Common Stock owned by him and no such power of attorney shall be granted. Kennedy shall cooperate, assist and take all actions reasonable requested of him, to effectuate the return of the Common Stock to the Company as provided herein.

 

2.     ZGSI will assign ownership to Kennedy or his designee, in the form attached as Exhibit A, ownership of USPN 9,816,071.

 

3.     ZGSI will assign ownership to Kennedy or his designee, in the form attached as Exhibit B, ownership of Patent Application No. 15/729,038.

 

4.     ZGSI will assign ownership to Kennedy or his designee, in the form attached as Exhibit C, ownership of Patent Application No. 14/244,084 and International Patent Serial No. PCT/US 15/24045.

 

5.     Kennedy will provide ZGSI additional consideration pursuant to that certain Royalty Agreement, of even date herewith, as set forth in Exhibit D.

 

 

SETTLEMENT AGREEMENT - 2

 

 

6.     Kennedy waives past due royalties that he claims are owed pursuant to the November 15, 2012 License and Royalty Agreement.

 

7.     Kennedy waives past due royalties that he claims are owed pursuant to the March 12, 2015 Licensing and Royalty Agreement.

 

8.      Kennedy waives past due royalties that may be owed pursuant to the November 15, 2015 Assignment and Royalty Agreement.

 

9.     The November 15, 2012 License and Royalty Agreement and all rights thereto is hereby terminated in its entirety.

 

10.     The March 12, 2015 Licensing and Royalty Agreement and all rights there is hereby terminated in its entirety.

 

11.     The November 15, 2015 Assignment and Royalty Agreement, and all rights thereto, is hereby terminated in its entirety.

 

12.     The January 18, 2019 Notice of Breach of Material Provisions of the Agreement and Intent to Terminate is hereby withdrawn.

 

13.     The January 29, 2019 ALS SOD Ligand Formula - Notice of Breach of Material Provisions of the Agreement and Intent to Terminate is hereby withdrawn.

 

14.     The January 30, 2019 Notice of Intent to Examine Records – “Space Patent” is hereby withdrawn.

 

15.     The January 30, 2019 Notice of Intent to Examine Records – “ALS Patent” is hereby withdrawn.

 

16.     The April 1, 2019 Confirmation of Termination of License and Royalty Agreement and Reversion of Ownership to U.S. Patent No. 9,816,071 to its Inventor, John Wayne Kennedy is hereby withdrawn.

 

17.     The April 2, 2019 Confirmation of Termination of License and Royalty Agreement and Reversion of Ownership to U.S. Patent Application No. 14/244,084 to Its Inventor, John Wayne Kennedy is hereby withdrawn.

 

18.     The April 2, 2019 Notice of Intent to Examine Records – “BAM-FX Patent” is hereby withdrawn.

 

 

SETTLEMENT AGREEMENT - 3

 

 

	 	
			B.

				
			MUTUAL RELEASE

			

 

Kennedy, to the maximum extent allowable under law or in equity, on behalf of himself and his heirs, executors and assigns, as the case may be, (collectively, the “Releasing Kennedy Parties”) shall be deemed to have, and by operation of law shall have, fully, finally and forever released, acquitted, relinquished and discharged ZGSI, and ZGSI’s directors, officers, employees, affiliates, parents, subsidiaries, predecessors, successors, agents, heirs, executors, trustees, survivors and assigns, together with their respective past and present directors, officers, employees, affiliates, parents, subsidiaries, predecessors, successors, agents, heirs, executors, trustees, survivors and assigns of any and all of them, (collectively, the “Released ZGSI Persons”) of and from any and all claims, actions, rights of action, suits, debts, dues, costs and expenses of any kind (including without limitation attorneys’ fees and expenses), sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, losses, damages, judgments, awards, expenses, compensation, extensions, executions, demands, liabilities or obligations whatsoever, matured or unmatured, liquidated or unliquidated, absolute or contingent, known, suspected or unsuspected, which the Releasing Kennedy Parties ever had or now has, whether in his own right or by assignment, transfer or grant from any other person, thing or entity, upon or by reason of any matter, cause or thing whatsoever from the beginning of time through and including the date of execution of this Agreement (including, without limitation, any claims, whether direct, derivative, representative or in any other capacity, arising under federal, state, local, statutory or common law, or any law, rule or regulation, including the law of any jurisdiction outside the United States) (collectively, the “Released Kennedy Claims”).

 

ZGSI, to the maximum extent allowable under law or in equity, on behalf of itself and its directors, officers, employees, affiliates, parents, subsidiaries, predecessors, successors, heirs, executors, trustees, survivors and assigns, (collectively, the “Releasing ZGSI Parties”) shall be deemed to have, and by operation of law shall have, fully, finally and forever released, acquitted, relinquished and discharged Kennedy and his heirs, executors, agents, and assigns (collectively, the “Released Kennedy Persons”) of and from any and all claims, actions, rights of action, suits, debts, dues, costs and expenses of any kind (including without limitation attorneys’ fees and expenses), sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, losses, damages, judgments, awards, expenses, compensation, extensions, executions, demands, liabilities or obligations whatsoever, matured or unmatured, liquidated or unliquidated, absolute or contingent, known, suspected or unsuspected, which the Releasing ZGSI Parties ever had or now have, whether in their own right or by assignment, transfer or grant from any other person, thing or entity, upon or by reason of any matter, cause or thing whatsoever from the beginning of time through and including the date of execution of this Agreement. Nothing in this Release releases any claims against Kennedy asserted by a third party in a derivative lawsuit purported to be brought on behalf of ZGSI (collectively, the “Released ZGSI Claims”) relating in any way to Kennedy’s (a) employment with ZGSI or any of the other Released ZGSI Persons, (b) compensation, (c) service as a director of ZGSI, (d) other terms and conditions of employment, or (e) separation from ZGSI.

 

	 	
			C.

				
			NO ADMISSION OF LIABILITY

			

 

The Parties mutually agree and understand that, by entering into this Agreement, none of the Parties in any way admits, agrees or concedes any liability or wrongdoing of any kind whatsoever and that this settlement is made as a compromise and voluntary agreement in order to dispose of matters of contention and possible contention by the Parties. All negotiations, proceedings, agreements, documents and statements made in connection with this Agreement shall not be deemed or construed to be evidence or an admission by any party of any act, matter or proposition and shall not be used in any manner or for any purpose in any action or proceeding.

 

 

SETTLEMENT AGREEMENT - 4

 

 

	 	
			D.

				
			TERMINATION OF AGREEMENTS

			

 

Except for the BAM/FX Royalty Agreement between ZGSI and Kennedy, dated on or about 12-11-2013, as amended on the Effective Date (“BAM/FX Royalty Agreement”), the Parties agree that any prior agreements and understandings between them, whether oral or written and of whatever nature, are hereby cancelled, terminated and superseded by this Agreement and shall be of no further force or effect. However, the Parties will remain obligated under the terms of this Agreement and the BAM/FX Royalty Agreement.

 

	 	
			E.

				
			NONDISPARAGEMENT

			

 

The Parties each agree that neither of them will disparage the other or attempt to damage, impair or expose to public ridicule the reputation, services or goodwill of the other party. Each party's non-disparagement covenant is a material inducement to the other party's entry into this Agreement. ZGSI agrees, in response to outside inquiries from prospective employers, to provide only Kennedy’s dates of employment and the last position held at ZGSI.

 

	 	
			F.

				
			DUTY TO COOPERATE

			

 

Kennedy agrees to cooperate with ZGSI and its attorneys in connection with any litigation or other proceeding arising out of or relating to matters of which Kennedy was involved prior to the termination of Kennedy's employment. Kennedy's cooperation shall include, without limitation, providing assistance to ZGSI's counsel, experts and consultants, and providing truthful testimony in pretrial and trial or hearing proceedings. In the event that Kennedy's cooperation is requested, ZGSI will seek to minimize interruptions to Kennedy's schedule to the extent consistent with its interests in the matter

 

	 	
			G.

				
			CONFIDENTIAL INFORMATION

			

 

Kennedy understands and agrees that in the course of his work at ZGSI, Kennedy has acquired confidential information, trade secrets, proprietary data and other non-public information concerning the business, activities, operations, and development of technologies and products of ZGSI, including ZGSI’s intellectual property, trade secrets, discoveries, inventions, concepts, ideas, formulae, processes, and methods (whether copyrightable, patentable, or otherwise), business plans, methods of doing business, practices, procedures, customers, potential customers and suppliers (the "Confidential Information"), any or all of which Kennedy understands and agrees would be damaging to ZGSI if disclosed to a competitor or made available to the public, or any other person or corporation. Kennedy understands and agrees that the Confidential Information has been provided to Kennedy in confidence, and that Kennedy will keep the Confidential Information strictly and completely secret and confidential for all time, both now and hereafter, and that Kennedy will not disclose it in any way, directly or indirectly, use, sell, make profit from, or otherwise use for Kennedy's benefit or for the benefit of any third party any of the Confidential Information, except as required by compulsory process on notice to ZGSI. Provided, however, that this Section G does not apply to the Confidential Information with respect to USPN 9,816,071, Patent Application No. 15/729,038, and Patent Application No. 14/244,084, and International Patent Serial No. PCT/US 15/24045, ownership of which is being transferred to Kennedy pursuant to this Agreement. See Paragraphs 2, 3, and 4 of Section A, supra. ZGSI will keep the Confidential Information with respect to USPN 9,816,071, Patent Application No. 15/729,038, Patent Application No. 14/244,084, and International Patent Serial No. PCT/US 15/24045 strictly and completely secret and confidential for all time, both now and hereafter, and that ZGSI will not disclose it in any way, directly or indirectly, use, sell, make profit from, or otherwise use for ZGSI’s benefit or for the benefit of any third party any of the Confidential Information, except as required by compulsory process on notice to Kennedy.     

 

 

SETTLEMENT AGREEMENT - 5

 

 

	 	
			H.

				
			ENTIRE AGREEMENT

			

 

This Settlement and all exhibits hereto which are incorporated herein constitute the entire agreement and understanding between the parties with respect to the subject matter hereof and supersede all prior or contemporaneous agreements, any representations or communications, whether written or oral, between parties. The terms of this Settlement may not be amended except by a writing executed by both parties.

 

	 	
			I.

				
			CONSTRUCTION

			

 

The provisions of this Settlement shall be construed according to their fair meaning and neither for nor against any party hereto irrespective of which party caused such provisions, or the Settlement in its entirety, to be drafted.

 

	 	
			J.

				
			VENUE AND CHOICE OF LAW

			

 

This Settlement shall be governed by, construed, and enforced in accordance with the laws of the state of Maryland. The Parties hereby submit to the exclusive jurisdiction and venue of the courts in the state of Maryland for any dispute arising out of this Settlement.

 

	 	
			K.

				
			EXECUTION IN COUNTERPARTS

			

 

This Settlement may be executed in any number of counterparts, and each such counterpart shall be deemed to be an original instrument, but all such counterparts together shall constitute but one agreement; provided, however, that in proving this Settlement, it shall not be necessary to produce or account for more than one counterpart hereof.

 

	 	
			L.

				
			EFFECTIVE DATE

			

 

This Settlement shall be effective upon execution below by all Parties, as well as execution and exchange between the Parties of all Exhibits referenced herein.

 

 

 

	 	
			M.

				
			AGREEMENT BINDING ON SUCCESSORS

			

 

The provisions of this Settlement shall be binding on and shall inure to the benefit of the Parties hereto, their heirs, assigns, and successors.

 

 

SETTLEMENT AGREEMENT - 6

 

 

	 	
			N.

				
			CONFIDENTIALITY

			

 

Except as provided in this Agreement, or as may otherwise be required by law, the Parties and their respective counsel agree to keep the existence of this Agreement, the contents of this Agreement and all related negotiations, confidential and not to distribute, disclose, describe, or characterize this Agreement to any other person or entity except as necessary to disclose to the Parties, tax advisors, financial consultants and attorneys, provided that any such person with whom this Agreement is to be discussed is first informed of the confidentiality provisions of this Agreement and agrees to be bound by them. In the case of a subpoena, court order or other third party request seeking or purporting to require access to the Agreement or information about its terms, each of the Parties agrees to notify the other Parties promptly upon receipt of the subpoena, court order or other request and promptly to provide the other Parties a copy thereof, to use reasonable efforts to provide the other Parties a reasonable opportunity to take action to prevent disclosure of this Agreement or any information relating to this Agreement, and to otherwise cooperate in such efforts by the other Parties.

 

	
			O.

				
			SEVERABILITY

			

 

Should one or more of the provisions contained in this Agreement for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement, but this Agreement shall be reformed to eliminate such invalid, illegal or unenforceable provision in a manner which most closely approximates the intent of the Parties with respect thereto.

 

	
			P.

				
			AMENDMENT

			

 

No variation, modifications or amendment of this Agreement shall be valid unless done in writing and signed by or on behalf of all Parties to this Agreement.

 

	
			Q.

				
			AUTHORITY

			

 

Each of the Parties to this Agreement hereby represents and warrants that he, she or it has the right, power and legal authority to execute and deliver this Agreement and all exhibits thereto, and that this Agreement including all exhibits constitutes a binding, valid and enforceable obligation of the Party so representing and warranting. Each of the Parties to this Agreement and all exhibits hereby further represents and warrants that no further action is necessary to authorize him, her, or it to enter into this Agreement and all exhibits thereto.

 

	
			R.

				
			WAIVER

			

 

Any waiver by any Party of any breach of any provision of this Agreement shall not be construed as a waiver of any subsequent breach of the same or any other provision of this Agreement. Failure by any Party to enforce any of the terms, covenants or conditions of this Agreement for any length of time or from time to time shall not be deemed to waive or decrease the rights of such Party to insist thereafter upon strict performance by the other Parties.

 

 

SETTLEMENT AGREEMENT - 7

 

 

	
			S.

				
			NO INDUCEMENT; CONSTRUCTION

			

 

Each of the Parties hereby states to the other Parties that except as expressly set forth herein, no one has made any representations of any kind to induce them to enter into this Agreement, and that it was entered into freely because they believed it to be in their best interests. This Agreement shall be deemed drafted by all Parties hereto and any ambiguity herein shall not be construed against any Party solely by virtue of its participation in the drafting process. Each of the Parties has had advice of counsel of its own choosing in connection with this Agreement.

 

 

	Dated this 29th day of April, 2019	 	Dated this 29th day of April, 2019
	 	 	 
	 	 	 
	/s/ John Wayne Kennedy	 	By: /s/ Timothy Peach
	John Wayne Kennedy	 	
			Authorized Representative for 

			Zero Gravity Solutions, Inc.

			

 

SETTLEMENT AGREEMENT - 8

 

 

Exhibit A

 

Cells.Space, Inc.

 

 Assignment

 

 

As the current owner of an invention or improvement entitled:

 

The Replication of Undifferentiated Cells in the Weightless Environment,

Uses Thereof and a Facility for Such Replication and the

Acceleration of the Evolution of Plants, USPN 9,816,071

 

 

WHEREAS, Cells.Space, Inc., having its principal office and place of business at 5001 Junius Street, Dallas, Texas, 75214, desires to obtain the entire right, title and interest in, to and under the said invention, said patent, and the said application in the United States of America and in any and all countries foreign thereto;

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Zero Gravity Solutions, Inc. (“ZGSI”) has sold, assigned, transferred, and set over, and by these presents do hereby sell, assign, transfer and set over, unto said Cells.Space, Inc., its successors, legal representatives, and assigns, its entire right, title and interest in, to, and under the said invention, said patent, and all divisional, renewal, substitutional, and continuation applications thereof, and all Letters Patent of the United States of America which may be granted thereof and all reissues and extensions hereof, and all applications for Letters Patent which may be filed for said invention in any country or countries foreign to the United States of America, including all rights of priority, all rights to publish cautionary notices reserving ownership of said inventions, all rights to register said inventions in appropriate registries, and all Letters Patent which may be granted for said invention in any country or countries foreign to the United States of America, and all extensions, renewals, and reissues thereof, and I hereby authorize and request the Commissioner of Patents and Trademarks of the United States of America, whose duty it is to issue patents on applications as aforesaid, to issue all Letters Patent for said invention to said Cells.Space, Inc., its successors, legal representatives, and assigns, in accordance with the terms of this instrument.

 

And ZGSI hereby covenants that it has full right to convey the entire interest herein assigned, and that ZGSI has not executed, and will not execute, any agreement in conflict herewith.

 

And ZGSI hereby further covenants and agrees that ZGSI will communicate to said Cells.Space, Inc., its successors, legal representatives, and assigns, any fact known to it respecting said inventions, and testify in any legal proceeding, sign all lawful papers, execute all divisions, renewal, substitutional, continuing and reissue applications, make all rightful declarations and/or oaths and generally do everything possible to aid said Cells.Space, Inc., its successors, legal representatives, and assigns, to obtain and enforce proper patent protection for said invention in all countries.

 

IN TESTIMONY WHEREOF, ZGSI authorizes and affirms said assignment with the signature(s) set forth below on the indicated date(s).

 

 

 

 

ZERO GRAVITY SOLUTIONS, INC.

 

 

/s/ Timothy Peach_____________________

By: Timothy Peach 

Its:   CEO and CFO 

 

 

 

 

 

Exhibit B

 

Cells.Space, Inc.

 

 Assignment

 

 

As the current owner of an invention or improvement entitled:

 

The Replication of Undifferentiated Cells in the Weightless Environment,

Uses Thereof and a Facility for Such Replication and the

Acceleration of the Evolution of Plants, Application No. 15/729,038

 

 

WHEREAS, Cells.Space, Inc., having its principal office and place of business at 5001 Junius Street, Dallas, Texas, 75214 desires to obtain the entire right, title and interest in, to and under the said invention and the said application in the United States of America and in any and all countries foreign thereto;

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Zero Gravity Solutions, Inc. (“ZGSI”) has sold, assigned, transferred, and set over, and by these presents do hereby sell, assign, transfer and set over, unto said Cells.Space, Inc., its successors, legal representatives, and assigns, its entire right, title and interest in, to, and under the said invention, and the said application, and all divisional, renewal, substitutional, and continuation applications thereof, and all Letters Patent of the United States of America which may be granted thereof and all reissues and extensions hereof, and all applications for Letters Patent which may be filed for said invention in any country or countries foreign to the United States of America, including all rights of priority, all rights to publish cautionary notices reserving ownership of said inventions, all rights to register said inventions in appropriate registries, and all Letters Patent which may be granted for said invention in any country or countries foreign to the United States of America, and all extensions, renewals, and reissues thereof, and I hereby authorize and request the Commissioner of Patents and Trademarks of the United States of America, whose duty it is to issue patents on applications as aforesaid, to issue all Letters Patent for said invention to said Cells.Space, Inc., its successors, legal representatives, and assigns, in accordance with the terms of this instrument.

 

And ZGSI hereby covenants that it has full right to convey the entire interest herein assigned, and that ZGSI has not executed, and will not execute, any agreement in conflict herewith.

 

And ZGSI hereby further covenants and agrees that ZGSI will communicate to said Cells.Space, Inc., its successors, legal representatives, and assigns, any fact known to it respecting said inventions, and testify in any legal proceeding, sign all lawful papers, execute all divisions, renewal, substitutional, continuing and reissue applications, make all rightful declarations and/or oaths and generally do everything possible to aid said Cells.Space, Inc., his successors, legal representatives, and assigns, to obtain and enforce proper patent protection for said invention in all countries.

 

IN TESTIMONY WHEREOF, ZGSI authorizes and affirms said assignment with the signature(s) set forth below on the indicated date(s).

 

 

 

 

ZERO GRAVITY SOLUTIONS, INC.

 

 

/s/ Timothy Peach_____________________

By: Timothy Peach 

Its:   CEO and CFO 

 

 

 

 

Exhibit C

 

Cells.Space, Inc.

 

 Assignment

 

 

As the current owner of an invention or improvement entitled:

 

The Copper/Zinc Superoxide Dismutase (SOD) Formulation for the Treatment of Traumas

Including Amyotrophic Lateral Sclerosis 

Patent Application No. 14/244,084

 

 

WHEREAS, Cells.Space, Inc., having its principal office and place of business at 5001 Junius Street, Dallas, Texas, 75214, desires to obtain the entire right, title and interest in, to and under the said invention and the said application in the United States of America and in any and all countries foreign thereto;

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Zero Gravity Solutions, Inc. (“ZGSI”) has sold, assigned, transferred, and set over, and by these presents do hereby sell, assign, transfer and set over, unto said Cells.Space, Inc., its successors, legal representatives, and assigns, its entire right, title and interest in, to, and under the said invention, and the said application, and all divisional, renewal, substitutional, and continuation applications thereof, and all Letters Patent of the United States of America which may be granted thereof and all reissues and extensions hereof, and all applications for Letters Patent which may be filed for said invention in any country or countries foreign to the United States of America, including all rights of priority, all rights to publish cautionary notices reserving ownership of said invention, all rights to register said inventions in appropriate registries, and all Letters Patent which may be granted for said invention in any country or countries foreign to the United States of America, and all extensions, renewals, and reissues thereof, and I hereby authorize and request the Commissioner of Patents and Trademarks of the United States of America, whose duty it is to issue patents on applications as aforesaid, to issue all Letters Patent for said invention to said Cells.Space, Inc., its successors, legal representatives, and assigns, in accordance with the terms of this instrument.

 

And ZGSI hereby covenants that it has full right to convey the entire interest herein assigned, and that ZGSI has not executed, and will not execute, any agreement in conflict herewith.

 

And ZGSI hereby further covenants and agrees that ZGSI will communicate to said Cells.Space, Inc., its successors, legal representatives, and assigns, any fact known to it respecting said inventions, and testify in any legal proceeding, sign all lawful papers, execute all divisions, renewal, substitutional, continuing and reissue applications, make all rightful declarations and/or oaths and generally do everything possible to aid said Cells.Space, Inc., its successors, legal representatives, and assigns, to obtain and enforce proper patent protection for said invention in all countries.

 

IN TESTIMONY WHEREOF, ZGSI authorizes and affirms said assignment with the signature(s) set forth below on the indicated date(s).

 

 

 

 

ZERO GRAVITY SOLUTIONS, INC.

 

 

/s/ Timothy Peach_____________________

By: Timothy Peach 

Its:   CEO and CFO

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