Document:

Second Amended and Restated Loan Agreement

 Exhibit 10.1 

 
  

 
 SECOND
AMENDED AND RESTATED LOAN AGREEMENT 
 Dated as of
July 29, 2010 
 among 

JARDEN RECEIVABLES, LLC, as Borrower, 

JARDEN CORPORATION, as initial Servicer, 

THREE PILLARS FUNDING LLC, as a Lender, 

WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender 

and 

SUNTRUST ROBINSON HUMPHREY, INC., as Administrator 

 
  

 

 TABLE OF CONTENTS 

 

					
	 SECTION
	 	 HEADING
	  	 PAGE

	 ARTICLE I
	 	 DEFINITIONS
	  	2
			
	 Section 1.1.
	 	 Defined Terms
	  	2
	 Section 1.2.
	 	 Other Definitional Provisions
	  	26
	 Section 1.3.
	 	 Other Terms
	  	27
	 Section 1.4.
	 	 Computation of Time Periods
	  	27
	 Section 1.5.
	 	 Continuance of Significance Events
	  	27
			
	 ARTICLE II
	 	 LENDERS’ COMMITMENT, BORROWING PROCEDURES AND
LENDER NOTES
	  	27
			
	 Section 2.1.
	 	 Lenders’ Commitment
	  	27
	 Section 2.2.
	 	 Borrowing Procedures
	  	27
	 Section 2.3.
	 	 Funding
	  	28
	 Section 2.4.
	 	 Representation and Warranty
	  	28
	 Section 2.5.
	 	 Extension of Lenders’ Commitment
	  	28
	 Section 2.6.
	 	 Voluntary Termination of Lenders’ Commitments
	  	29
	 Section 2.7.
	 	 Notes
	  	29
			
	 ARTICLE III
	 	 INTEREST, FEES, ETC.
	  	29
			
	 Section 3.1.
	 	 Interest Rates
	  	29
	 Section 3.2.
	 	 Interest Payment Dates
	  	30
	 Section 3.3.
	 	 Applicable Interest Rates
	  	30
	 Section 3.4.
	 	 Fees
	  	30
	 Section 3.5.
	 	 Computation of Interest and Fees
	  	30
			
	 ARTICLE IV
	 	 REPAYMENTS AND PREPAYMENTS; DISTRIBUTION OF
COLLECTIONS
	  	30
			
	 Section 4.1.
	 	 Repayments and Prepayments
	  	30
	 Section 4.2.
	 	 Application of Collections
	  	31
	 Section 4.3.
	 	 Application of Payments
	  	33
	 Section 4.4.
	 	 Due Date Extension
	  	33
	 Section 4.5.
	 	 Timing of Payments
	  	33
			
	 ARTICLE V
	 	 SECURITY INTEREST
	  	33
			
	 Section 5.1.
	 	 Grant of Security
	  	33
	 Section 5.2.
	 	 Administrator Appointed Attorney-in-Fact
	  	34
	 Section 5.3.
	 	 Administrator May Perform
	  	35
	 Section 5.4.
	 	 Release of Collateral
	  	35

  

 -i- 

					
	 ARTICLE VI
	 	INCREASED COSTS, ETC.	  	35
			
	 Section 6.1.
	 	Increased Costs	  	35
	 Section 6.2.
	 	Broken Funding Costs	  	37
	 Section 6.3.
	 	Withholding Taxes	  	37
		
	 ARTICLE VII
                CONDITIONS TO BORROWING
	  	37
			
	 Section 7.1.
	 	Initial Loan	  	37
	 Section 7.2.
	 	All Advances	  	39
		
	 ARTICLE VIII
                REPRESENTATIONS AND WARRANTIES
	  	40
			
	 Section 8.1.
	 	Existence and Power	  	40
	 Section 8.2.
	 	Power and Authority; Due Authorization, Execution and Delivery	  	40
	 Section 8.3.
	 	No Conflict	  	41
	 Section 8.4.
	 	Governmental Authorization	  	41
	 Section 8.5.
	 	Actions, Suits	  	41
	 Section 8.6.
	 	Binding Effect	  	42
	 Section 8.7.
	 	Accuracy of Information	  	42
	 Section 8.8.
	 	Margin Regulations; Use of Proceeds	  	43
	 Section 8.9.
	 	Good Title	  	43
	 Section 8.10.
	 	Perfection	  	43
	 Section 8.11.
	 	Places of Business and Locations of Records	  	43
	 Section 8.12.
	 	Accounts	  	43
	 Section 8.13.
	 	No Material Adverse Effect	  	44
	 Section 8.14.
	 	Names	  	44
	 Section 8.15.
	 	Ownership of the Borrower; No Subsidiaries	  	44
	 Section 8.16.
	 	Not an Investment Company	  	44
	 Section 8.17.
	 	Compliance with Credit and Collection Policy	  	44
	 Section 8.18.
	 	Solvency	  	44
	 Section 8.19.
	 	Eligible Receivables	  	44
	 Section 8.20.
	 	Sales by Originators	  	44
	 Section 8.21.
	 	Ordinary Course of Business	  	45
	 Section 8.22.
	 	Reserved	  	45
	 Section 8.23.
	 	Receivables as Accounts	  	45
	 Section 8.24.
	 	Security Interest	  	45
	 Section 8.25.
	 	Priority	  	45
		
	
ARTICLE IX                   
 COVENANTS OF BORROWER AND SERVICER
	  	45
			
	 Section 9.1.
	 	Affirmative Covenants	  	45
	 Section 9.1.1.
	 	 Compliance with Laws, Etc
	  	45
	 Section 9.1.2.
	 	 Preservation of Legal Existence
	  	45
	 Section 9.1.3.
	 	 Performance and Compliance with Receivables
	  	46
	 Section 9.1.4.
	 	 Credit and Collection Policy
	  	46
	 Section 9.1.5.
	 	 Reporting Requirements
	  	46
	 Section 9.1.6.
	 	 Use of Proceeds
	  	48
	 Section 9.1.7.
	 	 Separate Legal Entity
	  	48

  

 -ii- 

					
	 Section 9.1.8.
	 	 Adverse Claims on Receivables
	  	50
	 Section 9.1.9.
	 	 Further Assurances
	  	50
	 Section 9.1.10.
	 	 Servicing
	  	50
	 Section 9.1.11.
	 	 Inspection
	  	50
	 Section 9.1.12.
	 	 Cooperation
	  	51
	 Section 9.1.13.
	 	 Facility
	  	51
	 Section 9.1.14.
	 	 Accounts
	  	51
	 Section 9.2.
	 	Negative Covenants	  	52
	 Section 9.2.1.
	 	 Sales, Liens, Etc
	  	52
	 Section 9.2.2.
	 	 Mergers, Acquisitions, Sales, Subsidiaries, Etc
	  	52
	 Section 9.2.3.
	 	 Change in Business; Change in Credit and Collection Policy
	  	53
	 Section 9.2.4.
	 	 Other Debt
	  	53
	 Section 9.2.5.
	 	 Organizational Documents
	  	53
	 Section 9.2.6.
	 	 Jurisdiction of Organization; Location of Records
	  	53
	 Section 9.2.7.
	 	 Financing Statements
	  	53
	 Section 9.2.8.
	 	 Business Restrictions
	  	53
	 Section 9.2.9.
	 	 Other Agreements; Performance Undertaking
	  	54
		
	 ARTICLE X
                SIGNIFICANT EVENTS AND THEIR EFFECT
	  	54
			
	 Section 10.1.
	 	 Events of Default
	  	54
	 Section 10.2.
	 	 Amortization Events
	  	55
	 Section 10.3.
	 	 Effect of Significant Event
	  	57
		
	 ARTICLE XI
                THE SERVICER
	  	57
			
	 Section 11.1.
	 	 Jarden as Initial Servicer
	  	57
	 Section 11.2.
	 	 Certain Duties of the Servicer
	  	57
	 Section 11.3.
	 	 Servicing Compensation
	  	61
	 Section 11.4.
	 	 Agreement Not to Resign
	  	61
	 Section 11.5.
	 	 Designation of the Servicer
	  	61
	 Section 11.6.
	 	 Termination
	  	61
	 Section 11.7.
	 	 Servicer Events of Default
	  	62
		
	 ARTICLE XII
                ADMINISTRATOR
	  	64
			
	 Section 12.1.
	 	 Authorization and Action
	  	64
	 Section 12.2.
	 	 Delegation of Duties
	  	65
	 Section 12.3.
	 	 Liability of Administrator
	  	65
	 Section 12.4.
	 	 Reliance by Administrator
	  	65
	 Section 12.5.
	 	 Notice of Event of Default, Amortization Event or Servicer Event of Default
	  	66
	 Section 12.6.
	 	 Credit Decision; Disclosure of Information by the Administrator
	  	66
	 Section 12.7.
	 	 Indemnification of the Administrator
	  	66
	 Section 12.8.
	 	 Administrator in Individual Capacity
	  	67
	 Section 12.9.
	 	 Resignation of Facility Administrator
	  	67

  

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	 Section 12.10.
	 	 Payments by the Administrator
	  	68
		
	 ARTICLE XIII
                ASSIGNMENTS
	  	68
			
	 Section 13.1.
	 	 Restrictions on Assignments
	  	68
	 Section 13.2.
	 	 Documentation
	  	68
	 Section 13.3.
	 	 Rights of Assignees
	  	69
	 Section 13.4.
	 	 Transfer and Maintenance of Register
	  	69
		
	 ARTICLE XIV
                INDEMNIFICATION
	  	69
			
	 Section 14.1.
	 	 General Indemnity of the Borrower
	  	69
	 Section 14.2.
	 	 Indemnity of the Servicer
	  	70
		
	 ARTICLE XV
                MISCELLANEOUS
	  	70
			
	 Section 15.1.
	 	 No Waiver; Remedies
	  	70
	 Section 15.2.
	 	 Amendments, Etc
	  	70
	 Section 15.3.
	 	 Notices, Etc
	  	71
	 Section 15.4.
	 	 Costs, Expenses and Taxes
	  	71
	 Section 15.5.
	 	 Binding Effect; Survival
	  	72
	 Section 15.6.
	 	 Captions and Cross References
	  	72
	 Section 15.7.
	 	 Severability
	  	72
	 Section 15.8.
	 	 Governing Law
	  	72
	 Section 15.9.
	 	 Counterparts
	  	73
	 Section 15.10.
	 	 Submission to Jurisdiction; Waiver of Trial by Jury
	  	73
	 Section 15.11.
	 	 No Recourse Against Lenders
	  	73
	 Section 15.12.
	 	 No Proceedings
	  	73
	 Section 15.13.
	 	 Confidentiality
	  	73
	 Section 15.14.
	 	 Entire Agreement
	  	74
	 Section 15.15.
	 	 Limitation on Payments
	  	74
	 Section 15.16.
	 	 Certain Tax Matters
	  	75
	 Section 15.17.
	 	 USA Patriot Act
	  	75

 EXHIBITS
AND SCHEDULES 
  

							
	 EXHIBIT A
	 	—	 		 	Form of Borrowing Request
	 EXHIBIT B-1
	 	—	 		 	Form of Lender Note in favor of Three Pillars
	 EXHIBIT B-2
	 	—	 		 	Form of Lender Note in favor of Wells Fargo
	 EXHIBIT C
	 	—	 		 	Form of Monthly Report
	 EXHIBIT D
	 	—	 		 	Form of Servicing Certificate
	 EXHIBIT E
	 	—	 		 	[Reserved]
	 EXHIBIT F
	 	—	 		 	Concentration Limits
	 EXHIBIT G
	 	—	 		 	Form of Notice of Prepayment
	 EXHIBIT H
	 	—	 		 	Form of Authorization Certificate
	 EXHIBIT I
	 	—	 		 	Mid-Monthly Report

  

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	 SCHEDULE A
	 	—  	  	Coleman IRB Indentures
	 SCHEDULE B
	 	—  	  	Coleman IRB Leases
	 SCHEDULE C
	 	—  	  	Schedule C Receivables
	 SCHEDULE 8.12
	 	—  	  	Lock-Boxes and Lock-Box Accounts
	 SCHEDULE 9.1.5
	 	—  	  	Procedures Review Requirements
	 SCHEDULE 15.3
	 	—  	  	Notice Addresses

  

 -v- 

 SECOND AMENDED AND RESTATED
LOAN AGREEMENT 
 THIS SECOND AMENDED
AND RESTATED LOAN AGREEMENT is made and entered into as of July 29, 2010, among: 

(a) JARDEN RECEIVABLES, LLC, a Delaware limited liability company (the
“Borrower”), 
 (b) JARDEN CORPORATION, a Delaware corporation
(together with its successors, “Jarden”), in its capacity as the initial servicer (in such capacity, together with its successors and permitted assigns in such capacity, the “Servicer”), 

(c) THREE PILLARS FUNDING LLC, a Delaware limited liability company (together
with its successors and permitted assigns, “Three Pillars”), 
 (d) WELLS
FARGO BANK, NATIONAL ASSOCIATION, a national banking association (together with its successors and permitted assigns, “Wells Fargo” and, together with Three Pillars, the
“Lenders” and each individually a “Lender”), and 
 (e)
SUNTRUST ROBINSON HUMPHREY, INC., a Tennessee corporation, as agent and administrator for the Lenders (in such capacity, together with its successor and assigns in such
capacity, the “Administrator”), 
 and amends and restates in its entirety that certain Amended and Restated Loan Agreement
dated as of August 8, 2007, among the parties hereto (as amended by Amendments 1-8 thereto, collectively, the “Existing Agreement”). 

BACKGROUND 

1. The Borrower, the Servicer, Three Pillars, and the Administrator are parties to the Existing Agreement. 

2. The Borrower desires to add Wells Fargo Bank, National Association as a Lender hereunder, increase the Facility Limit, extend the
Commitment Termination Date and Scheduled Commitment Termination Date and make certain other amendments to the Existing Agreement. 

3. Simultaneously herewith, Three Pillars is assigning a portion of its existing outstanding principal balance of the Loans to Wells
Fargo pursuant to an Assignment and Assumption Agreement dated the date hereof among Three Pillars, Wells Fargo and the Administrator. 

4. The Lenders are willing to extend such financing on the terms and subject to the conditions set forth in this Agreement. 

NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, the parties
hereto agree as follows: 

 ARTICLE I 

DEFINITIONS 

Section 1.1. Defined Terms. As used in this Agreement, (a) capitalized terms used and not otherwise defined in this
Agreement or the exhibits hereto are used with the meanings attributed thereto in the Receivables Contribution and Sale Agreement (hereinafter defined), and (b) the following terms have the following meanings: 

“Accounts Receivable Turnover Ratio” means, for any Calculation Period, the ratio computed as of the most recent
Calculation Date by dividing (a) the aggregate amount of Credit Sales during the 12 months ending on such Calculation Date by (b) the average month-end amount of the aggregate Unpaid Balance of Receivables during the 12 months
ending on such Calculation Date. 
 “Additional Information Report” means any information, document, record or
report delivered pursuant to Section 9.1.5(f) of the Agreement. 
 “Administrator” has the meaning set
forth in the preamble to this Agreement. 
 “Advance” means the Loans made on any given date. 

“Advance Rate” means the percentage equal to (a) 100% minus (b) the Reserve Percentage. 

“Adverse Claim” means any lien (statutory or other), mortgage, pledge, hypothecation, assignment, encumbrance or
preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, the interest of a vendor or lessor under any conditional sale, capitalized lease or other title retention
agreement). 
 “Affected Party” means each of the Lenders, any Liquidity Bank, any Support Provider, any
permitted assignee of any of the foregoing, any holder of a participation interest in the rights and obligations of any of the foregoing, and any holding company of SunTrust Bank or Wells Fargo. 

“Affiliate” of any Person means any other Person directly or indirectly controlling, controlled by or under common
control with such Person. A Person shall be deemed to control another Person if the controlling Person (i) is the “beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act) of greater than or equal to ten
percent (10%) or more of the combined voting power of the controlled Person (giving effect to the relative voting rights associated with the voting securities or other voting interests held by the controlling Person) or (ii) possesses,
directly or indirectly, the power to direct or cause the direction of the management or policies of the controlled Person, whether through ownership of equity interests, by contract or otherwise; provided that under no circumstance shall the
Administrator or the Lenders be deemed to be an Affiliate of the Borrower or vice versa. 
  

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 “Aggregate Eligible Balance” means, on any date of determination,
(i) with respect to all Eligible Receivables, (a) the aggregate Unpaid Balance of all Eligible Receivables at such time minus (b) the product of (1) all Contractual Dilutions times (2) 1.2, (ii) with respect to Eligible
Extended Term A Receivables, (a) the aggregate Unpaid Balance of all Eligible Extended Term A Receivables at such time minus (b) Contractual Dilutions of Eligible Extended Term A Receivables, (iii) with respect to
Eligible Extended Term B Receivables, (a) the aggregate Unpaid Balance of all Eligible Extended Term B Receivables at such time minus (b) Contractual Dilutions of Eligible Extended Term B Receivables and (iv) with
respect to Eligible Foreign Receivables, (a) the aggregate Unpaid Balance of all Eligible Foreign Receivables at such time minus (b) Contractual Dilutions of Eligible Foreign Receivables. 

“Agreement” means this Second Amended and Restated Loan Agreement, as it may be amended, supplemented, restated or
otherwise modified from time to time in accordance with the terms hereof. 
 “Alternative Rate” means the Three
Pillars Alternative Rate or the Wells Fargo Alternative Rate, as applicable to such Alternative Rate Loan. 

“Alternative Rate Loan” means any Loan that is not funded with Commercial Paper Notes, including, without limitation,
any Loan from and after the time, if any, when Three Pillars transfers such Loan, or borrows to finance such Loan, under its Liquidity Agreement. 

“Amendment No. 4 Date” means July 2, 2009. 

“Amortization Event” means any of the events described in Section 10.2. 

“Applicable Margin” has the meaning specified in the Fee Letter. 

“Authorized Officer” means the chief executive officer, president, chief financial officer, treasurer, assistant
treasurer or controller of any Person and, in the case of Originators, Servicer and Borrower, any additional person or persons authorized pursuant to a duly executed and completed authorization certificate substantially in the form of Exhibit H
hereto. 
 “Bankruptcy Code” means the United States Bankruptcy Code, 11 U.S.C. § 101 et seq., as
amended. 
 “Base Rate” means, on any date of determination, a fluctuating rate of interest per annum
equal to the higher of (a) the Prime Rate, or (b) the Federal Funds Rate most recently determined by SunTrust Bank plus 0.50% per annum. 

“Base Rate Loan” means a Loan made by a Liquidity Bank at any time it bears interest at a rate based on the Base Rate
(including, without limitation, the Default Rate). 
 “Borrower” has the meaning set forth in the preamble to
this Agreement. 
  

 -3- 

 “Borrower Financial Statements” means the financial statements required to
be delivered by the Borrower described in Section 9.1.5(a)(i) of the Agreement. 
 “Borrower Representation”
means any representation or warranty made by the Borrower to the Administrator and the Lenders contained in Article VIII of the Agreement. 

“Borrower’s Account” means account no 5801010603 at Bank of America, N.A. in Chicago, Illinois, ABA #071000505, or
such other account as the Borrower and the Administrator shall mutually agree. 
 “Borrowing Base” means, on
any date of determination, an amount equal to the product of (a) the Advance Rate as of the most recent Calculation Date times (b) the Net Receivables Balance. 

“Borrowing Base Deficit” means, on any date of determination, an amount equal to the excess, if any, of (a) the
aggregate principal amount of all outstanding Advances at such time over (b) the sum of (i) the Borrowing Base plus (ii) all Collections on deposit at such time in the Collection Account. 

“Borrowing Request” means a notice in the form of Exhibit A specifying the date and amount of the requested
Advance. 
 “Broken Funding Costs” means: 

(a) for any CP Loan which is assigned by Three Pillars to its Liquidity Banks under the Liquidity Agreement or any
other applicable Support Agreement, an amount equal to the excess, if any, of (A) the amount of interest that would have accrued at the Commercial Paper Rate during the remainder of the applicable Interest Periods for the Commercial Paper Notes
subsequent to the date of such reduction or assignment of the principal of such Loan if such reduction or assignment had not occurred, over (B) the sum of (1) to the extent all or a portion of such principal is allocated to another Loan,
the amount of interest actually accrued during the remainder of such period on such principal for the new Loan, and (2) to the extent such principal is not allocated to another Loan, the income, if any, actually received during the remainder of
such period by the holder of such Loan from investing the portion of such principal not so allocated, 
 (b) for
any CP Loan or LIBOR Loan (i) which is not prepaid following delivery of any prepayment notice or (ii) which is prepaid without adhering to the notice period required by Section 4.1(a), the reasonable expenses, if any, actually
incurred by the applicable Lender following receipt of such prepayment notice and in connection therewith, and 

(c) for any LIBOR Loan that is prepaid on a date other than the last day of its Interest Period, the excess, if any, of
(A) the amount of interest that would have accrued at the LIBOR Rate during the remainder of the applicable Interest Periods subsequent to the date of such prepayment if such prepayment had not occurred, over (B) the sum of

  

 -4- 

 
(1) to the extent all or a portion of such principal is allocated to another Loan, the amount of interest actually accrued during the remainder of such period on such principal for the new
Loan, and (2) to the extent such principal is not allocated to another Loan, the income, if any, actually received during the remainder of such period by the holder of such Loan from investing the portion of such principal not so allocated

 All Broken Funding Costs shall be due and payable hereunder upon demand. 

“Business Day” means (a) any day on which commercial banks in New York, New York and Atlanta, Georgia,
are not authorized or required to be closed and The Depository Trust Company of New York is open for business, (b) when determined in connection with notices and determinations in respect of any LIBOR Loan, any day specified in clause
(a) which is also a day banks are open for business in London, England, and (c) when determined in connection with notices and determinations in respect of any CP Loan, any day specified in clause (a) which is also a day on which
commercial paper markets in the United States are open. 
 “Calculation Date” means the last day of each
Calculation Period. 
 “Calculation Period” means a calendar month. 

“Charge-Off” means a Receivable not previously deemed a Defaulted Receivable that is written-off by the Servicer or
should, in accordance with the Credit and Collection Policy, be written-off. 
 “Closing Date” means
July 29, 2010. 
 “Coleman” means The Coleman Company, Inc., a Delaware corporation. 

“Coleman IRB Indentures” means, collectively, (a) each of the indenture and each supplemental indenture listed on
Schedule A hereto and (b) each supplemental indenture entered into by Coleman after the Initial Closing Date on substantially the same terms as the Coleman IRB Indentures entered into prior to the Initial Closing Date. 

“Coleman IRB Leases” means collectively, (a) each lease and each supplemental lease listed on Schedule B
hereto and (b) each supplemental lease entered into by Coleman after the Initial Closing Date on substantially the same terms as the Coleman IRB Leases entered into prior to the Initial Closing Date. 

“Collateral” has the meaning set forth in Section 5.1(a). 

“Collection Account” means that certain deposit account maintained with SunTrust Bank in Borrower’s name which is
to be identified as “Jarden Receivables, LLC Collection Account” and which is pledged, on a first-priority basis, to the Administrator pursuant to Section 5.1(a). 

“Collections” means, with respect to any Receivable, all cash collections and other cash proceeds in respect of such
Receivable, including, without limitation, all yield, Finance Charges or other related amounts accruing in respect thereof and all cash proceeds of Related Security with respect to such Receivable. 

 

 -5- 

 “Commercial Paper Notes” means short-term promissory notes or any portion
thereof allocated by Three Pillars to fund its Loans or investments in receivables or other financial assets. 

“Commercial Paper Rate” means, for any Interest Period the per annum rate calculated by the Administrator equal
to: (a) the rate (or if more than one rate, the weighted average of the rates) at which the Commercial Paper Notes on each day during such Interest Period have been outstanding; provided, that if such rate(s) is a discount rate(s), then
the “Commercial Paper Rate” shall be the rate (or if more than one rate, the weighted average of the rates) resulting from converting such discount rate(s) to an interest-bearing equivalent rate plus the commission and charges
charged by any placement agents or commercial paper dealers with respect to such Commercial Paper Notes, expressed as a percentage of the face amount of such Commercial Paper Notes and converted to an interest-bearing equivalent rate per annum.
Notwithstanding the foregoing, the “Commercial Paper Rate” for any day while an Amortization Event exists shall be an interest rate equal to 2% above the Base Rate in effect on such day. 

“Commitment” means, with respect to each Lender, the dollar amount set forth opposite such Lender’s signature on
the signature pages hereto under the heading “Commitment”; provided, however, that from and after the Commitment Termination Date for a Lender, the dollar amount of the Commitment of such Lender shall equal zero. 

“Commitment Termination Date” means, the earliest to occur of (i) the Scheduled Commitment Termination Date,
(ii) the date of any termination of the Lenders’ Commitments pursuant to Section 2.6, and (iii) the effective date on which the Lenders’ Commitments are terminated pursuant to Section 10.3. 

“Concentration Limit” has the meaning set forth in Exhibit F hereto. 

“Contract” means either (i) a written agreement between an Originator and an Obligor, or (ii) an invoice
issued by an Originator to an Obligor, in either of the foregoing cases, pursuant to which such Obligor is obligated to pay for goods, merchandise and/or services. 

“Contractual Dilution” means, with respect to any Receivable, the applicable Obligor’s right to receive
(a) any rebate for cash payment, (b) any rebate for volume purchases or co-op advertising programs, and (c) any credit issued for guaranteed sale product return. 

“Covered Taxes” means Taxes other than Excluded Taxes. 

“CP Loan” means a Loan made by Three Pillars at any time it is funded or maintained with the proceeds of Commercial
Paper Notes. 
 “Credit and Collection Policy” means, with respect to any Receivable, credit and collection
policies and practices relating to Contracts and Receivables existing on the Closing Date and delivered to the Borrower and the Administrator prior to the Closing Date, as modified from time to time in accordance with Section 9.2.3. 

 

 -6- 

 “Credit Sales” means, for any Calculation Period, the aggregate amount of
all trade receivables with credit terms of any kind originated by all Originators during such Calculation Period. 

“Days Sales Outstanding Ratio” means, for any Calculation Period, the ratio computed as of the most recent Calculation
Date by dividing (a) 360 by (b) the Accounts Receivable Turnover Ratio for the most recent Calculation Period. 

“DBRS” means DBRS, Inc. and any successor thereto. 

“Debt” of any Person means, without duplication, (i) all indebtedness of such Person for borrowed money,
(ii) all indebtedness of such Person for the deferred purchase price of property or services (other than property and services purchased, and expense accruals and deferred compensation items arising, in the ordinary course of business),
(iii) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments (other than performance, surety and appeal bonds arising in the ordinary course of business), (iv) all indebtedness (excluding prepaid
interest thereon) of such Person created or arising under any conditional sale or other title retention agreement which is secured by a Lien on property owned or being purchased by such Person (even though the rights and remedies of the seller or
lender under such agreement in the event of default are limited to repossession or sale of such property), (v) all obligations of such Person under leases which have been or should be, in accordance with GAAP, recorded as capital leases, to the
extent required to be so recorded, (vi) all reimbursement, payment or similar obligations of such Person, contingent or otherwise, under acceptance, letter of credit or similar facilities (other than letters of credit in support of trade
obligations or in connection with workers’ compensation, unemployment insurance, old-age pensions and other social security benefits in the ordinary course of business), (vii) all net obligations of such Person in respect of interest rate
swap, cap, collar, swaption, option or similar agreements, (viii) all obligations arising in connection with a sale or other transfer of any of such Person’s financial assets which are, or are intended to be, classified as loans for
federal tax purposes, and (ix) all Debt referred to in clauses (i) through (viii) above guaranteed directly or indirectly by such Person, or in effect guaranteed directly or indirectly by such Person through an agreement (A) to
pay or purchase such Debt or to advance or supply funds for the payment or purchase of such Debt, (B) to purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services, primarily for the purpose of enabling the debtor
to make payment of such Debt or to assure the holder of such Debt against loss in respect of such Debt, (C) to supply funds to or in any other manner invest in the debtor (including any agreement to pay for property or services irrespective of
whether such property is received or such services are rendered) or (D) otherwise to assure a creditor against loss in respect of such Debt (it being understood that, unless such Person shall have assumed or become liable for the payment of
such Debt, the amount of such Debt shall be the lesser of (A) the fair market value of the property securing such Debt and (B) the stated principal amount of such Debt) and (y) so long as Coleman is the owner of all of the outstanding
industrial revenue bonds issued pursuant to the Coleman IRB Indentures, the obligations of Coleman under the Coleman IRB Indentures and the Coleman IRB Leases shall not be considered Indebtedness. 

 

 -7- 

 “Default Rate” means the sum of (i) the Base Rate applicable from time
to time, plus (ii) 2.00% per annum. 
 “Default Ratio” means, for any Calculation Period, the ratio
(expressed as a percentage) computed as of the most recent Calculation Date by dividing (a) the sum (without double counting) of (i) the Unpaid Balance of Receivables that became Defaulted Receivables during such Calculation Period ending
on such Calculation Date, plus (ii) the Unpaid Balance of Receivables that became Charge-Offs during such Calculation Period ending on such Calculation Date by (b) Credit Sales for Calculation Period ending 4 months prior to such
Calculation Date. 
 “Defaulted Receivable” means, for any Calculation Period, any Receivable (i) which
the Servicer has or should have charged-off or deemed uncollectible in accordance with the Credit and Collection Policy after taking a reasonable time to apply Collections received to applicable invoices and reconcile the amount of such Receivable,
(ii) as to which, as of such date of determination, any payment, or part thereof, remains unpaid for 61 days or more past the due date for such payment, determined by reference to the original contractual payment terms of such Receivable
or (iii) unless the Administrator and each Lender has otherwise agreed, as to which the Obligor thereon has suffered an Event of Bankruptcy. 

“Defective Receivable” has the meaning assigned to it in Section 1.5 of the Receivables Contribution and Sale
Agreement. 
 “Delinquency Ratio” means, for any Calculation Period, the ratio (expressed as a percentage)
computed as of the most recent Calculation Date, by dividing (a) the aggregate Unpaid Balance of Receivables that became Delinquent Receivables during the Calculation Period ending on such Calculation Date by (b) the aggregate Unpaid
Balance of all Receivables as of such Calculation Date. 
 “Delinquent Receivable” means, for any Calculation
Period, any Receivable as to which, as of such date of determination, any payment, or part thereof, remains unpaid for 31 or more days but less than 61 days past the due date for such payment, determined by reference to the original contractual
payment terms of such Receivable. 
 “Dilution Horizon Ratio” means, for any Calculation Period, the ratio
(expressed as a percentage) computed as of the most recent Calculation Date by dividing (a) an amount equal to the sum of (i) Credit Sales for the Calculation Period ending on such Calculation Date plus (ii) Credit Sales for
the Calculation Period immediately preceding the Calculation Period described in clause (i) plus (iii) 13% (or such other percentage as determined by the Administrator with the consent of, or at the direction of, all Lenders based
upon the results set forth in a Procedures Review Report, to the extent that such results relate to the weighted average amount of time between the invoice date of Receivables and the date on which credit memos are issued in connection with such
respective Receivables and set forth in a notice delivered to the Borrower at least sixty (60) days prior to the implementation thereof) of the Credit Sales for the Calculation Period immediately preceding the Calculation Period described in
clause (ii) by (b) an amount equal to the Net Receivables Balance as of such Calculation Date. 
  

 -8- 

 “Dilution Ratio” means, for any Calculation Period, the ratio (expressed as
a percentage) computed as of the most recent Calculation Date by dividing (a) Dilutions for the Calculation Period ending on such Calculation Date by (b) Credit Sales for the Calculation Period ending 2 months prior to such
Calculation Date. 
 “Dilution Reserve” means, for any Calculation Period, the product computed as of the most
recent Calculation Date, of (a) the sum of (i) the product of (x) the Stress Factor times (y) the Expected Dilution Ratio plus (ii) the product of (x) the positive difference, if any, between (1) the Dilution Spike
Rate minus (2) the Expected Dilution Ratio times (y) a ratio computed by dividing (1) the Dilution Spike Rate by (2) the Expected Dilution Ratio times (b) the Dilution Horizon Ratio. 

“Dilution Spike Rate” means, for any Calculation Period, the highest 2 month average Dilution Ratio over the 12-month
period ending on the most recent Calculation Date. 
 “Dilutions” means, for any Calculation Period, the
aggregate amount of returns, allowances, net credits and any other non-cash reductions to the Credit Sales during such period; provided that “Dilutions” shall not include any Contractual Dilutions or any write-down, reserve or other
reduction due to a Receivable becoming a Defaulted Receivable or otherwise bearing on the uncollectibility of such Receivable on account of the insolvency, bankruptcy, lack of credit worthiness or financial inability to pay of the applicable
Obligor. 
 “Distribution Date” means the 15th day of each calendar month after the Closing Date (or, if any
such date is not a Business Day, the next succeeding Business Day). 
 “Documents” means all documentation
relating to the Receivables including, without limitation, the Contracts, billing statements and computer records and programs. 

“Dollar(s)” and the sign “$” shall mean lawful money of the United States of America. 

“Eligible Extended Term A Receivable” means a Receivable the original due date for the payment of which is more
than 119 days but not more than 150 days past the Calculation Date. 
 “Eligible Extended Term B
Receivable” means a Receivable the original due date for the payment of which is more than 150 days but not more than 180 days past the Calculation Date. 

“Eligible Foreign Receivable” means a Foreign Receivable (i) that is denominated and payable in Dollars and is
payable only in the United States of America or (ii) that is denominated and payable in Canadian dollars and is payable only in the United States of America or Canada and the Obligor of which is Wal-Mart Canada Corp. 

 

 -9- 

 “Eligible Receivable” means each Receivable that meets the following
criteria: 
 (a) that was created by an Originator (i) in compliance in all material respects with all
applicable requirements of the applicable Credit and Collection Policy and (ii) in the ordinary course of its business; 

(b) that was documented in compliance in all material respects with the applicable standard administration and
documentation policies and procedures of the applicable Originator and is evidenced by a purchase order and a conforming invoice or conforming notice of shipment; 

(c) as to which, as of such date of determination, no payment, or part thereof, remains unpaid for 31 or more days past
the due date for such payment, determined by reference to the original contractual payment terms of such Receivable and which is not a Defaulted Receivable; 

(d) as to which, at the time of the sale or contribution of such Receivable to the Borrower, the applicable Originator was
the sole owner thereof and had good and marketable title thereto, free and clear of all Adverse Claims, and which was sold or contributed to the Borrower pursuant to the Receivables Contribution and Sale Agreement free and clear of all Adverse
Claims other than in favor of the Administrator for the benefit of the Secured Parties; 
 (e) the assignment of
which (and the grant of security interest in which) by the applicable Originator to the Borrower pursuant to the Receivables Contribution and Sale Agreement does not contravene or conflict in any material respect with any applicable law, rule or
regulation or any contractual or other restriction, limitation or encumbrance, and that does not contain an enforceable prohibition on sale or assignment or an enforceable provision requiring consent of the Obligor prior to sale or assignment;

 (f) which is denominated and payable in Dollars and is only payable in the United States of America, unless
such Receivable is an Eligible Foreign Receivable; 
 (g) the Obligor of which is a resident of the United States
of America, unless such Receivable is an Eligible Foreign Receivable; 
 (h) the Obligor of which is not
(i) an officer, director or Affiliate of any Originator or the Borrower, or (ii) a Governmental Authority; 

(i) which is not owing from an Obligor as to which more than 20% of the aggregate Outstanding Balance of all Receivables
owing from such Obligor remains unpaid for 61 or more days past the original due date for such payment; 
 (j)
that is in full force and effect and constitutes the legally valid and binding payment obligation of the Obligor with respect thereto, enforceable against such Obligor in accordance with its terms; 

 

 -10- 

 (k) that does not contravene in any material respect any applicable
requirements of law (including without limitation all laws, rules and regulations relating to truth in lending, fair credit billing, fair credit reporting, fair debt collection practices and privacy) and which complies in all material respects with
all applicable requirements of law and with respect to which all consents, licenses, approvals or authorizations of, or registrations or declarations with, any governmental authority required to be obtained, effected or given by the related
Originator in connection with the creation or the execution, delivery and performance of such Receivable, have been duly obtained, effected or given and are in full force and effect; 

(l) as to which each of the Borrower’s ownership interest and the Administrator’s (for the benefit of the
Secured Parties) first priority security interest in such Receivable has been perfected under the applicable Uniform Commercial Code and other applicable laws; 

(m) as to which the Servicer or a sub-Servicer appointed pursuant to Section 11.2.2(c) is in possession of, or has
ready access to, the related Receivable File; 
 (n) which is not subject to any dispute, right of rescission,
recoupment, set-off (inclusive of potential recoupment or set-off by outstanding credit memo in favor of the applicable Obligor but excluding Contractual Dilutions), counterclaim or any other defense (including defenses arising out of violations of
usury laws) of the applicable Obligor against the applicable Originator or any other Adverse Claim, and the Obligor thereon holds no right as against such Originator to cause such Originator to repurchase the goods the sale of which shall have given
rise to such Receivable (except with respect to sale discounts effected pursuant to the Contract, or goods returned in accordance with the terms of the Contract); 

(o) the terms of which have not been modified or waived except as permitted under the Credit and Collection Policy and
this Agreement; 
 (p) which constitutes an “account” under and as defined in Article 9 of the
Uniform Commercial Code of all applicable jurisdictions; 
 (q) as to which the applicable Originator has
satisfied and fully performed all obligations on its part with respect to such Receivable required to be fulfilled by it, and no further action is required to be performed by any Person with respect thereto as a condition for payment to be made to
the Originator by the applicable Obligor; 
 (r) that was not created by an Obligor which is required to pay cash
in advance of shipment of goods or with respect to which credit card payment terms are established, in each case due to such Obligor’s inadequate credit; 

(s) which does not arise from the sale of goods on consignment; 

(t) which does not arise from direct sales to consumers; and 

 

 -11- 

 (u) the original due date for the payment of which is not 120 or more days
past the Calculation Date, unless such Receivable is an Eligible Extended Term A Receivable, an Eligible Extended Term B Receivable or a Schedule C Receivable. 

“Event of Bankruptcy” shall be deemed to have occurred with respect to a Person if either: 

(a) a case or other proceeding shall be commenced, without the application or consent of such Person, in any court,
seeking the liquidation, reorganization, debt arrangement, dissolution, winding up, or composition or readjustment of debts of such Person, the appointment of a trustee, receiver, custodian, liquidator, assignee, sequestrator or the like for such
Person or all or substantially all of its assets, or any similar action with respect to such Person under any law relating to bankruptcy, insolvency, reorganization, winding up or composition or adjustment of debts and, solely in the case of the
Borrower, such case or proceeding shall continue undismissed, or unstayed and in effect, for a period of 60 consecutive days; or an order for relief in respect of such Person shall be entered in an involuntary case under the federal bankruptcy laws
or other similar laws now or hereafter in effect; or 
 (b) such Person shall commence a voluntary case or other
proceeding under any applicable bankruptcy, insolvency, reorganization, debt arrangement, dissolution or other similar law now or hereafter in effect, or shall consent to the appointment of or taking possession by a receiver, liquidator, assignee,
trustee, custodian, sequestrator (or other similar official) for such Person or for any substantial part of its property, or shall make any general assignment for the benefit of creditors, or shall fail to, or admit in writing its inability to, pay
its debts generally as they become due, or, if a corporation or similar entity, its board of directors shall vote to authorize any of the foregoing. 

“Event of Default” means any of the events described in Section 10.1. 

“Excess Concentration Amount” means, for any Calculation Period, with respect to any Obligor and its Affiliates
considered as if they were one and the same Obligor, the amount, if any, by which the Aggregate Eligible Balance of all Eligible Receivables of such Obligor and its Affiliates at such time exceeds the Concentration Limit for such Obligor and its
Affiliates at such time. 
 “Excess Extended Term A Concentration Amount” means, for any Calculation
Period, the amount, if any, by which the Aggregate Eligible Balance of all Eligible Extended Term A Receivables exceeds seven-and-one-half percent (7.5%) of the Aggregate Eligible Balance of all Eligible Receivables at such time.

 “Excess Extended Term B Concentration Amount” means, for any Calculation Period, the amount, if any, by
which the Aggregate Eligible Balance of all Eligible Extended Term B Receivables exceeds five percent (5%) of the Aggregate Eligible Balance of all Eligible Receivables at such time. 

 

 -12- 

 “Excess Foreign Concentration Amount” means, for any Calculation Period,
the amount, if any, by which the Aggregate Eligible Balance of all Eligible Foreign Receivables exceeds three percent (3%) of the Aggregate Eligible Balance of all Eligible Receivables at such time. 

“Excluded Taxes” means, in the case of any Indemnified Party, taxes imposed on its overall net income, and franchise
taxes and branch profit taxes based on net income, imposed on it by any jurisdiction. 
 “Existing Agreement”
has the meaning set forth in the preamble to this Agreement. 
 “Expected Dilution Ratio” means, for any
Calculation Period, the rolling twelve-month average Dilution Ratio for the 12-month period ending on the most recent Calculation Date. 

“Facility Limit” means $300,000,000. 

“Federal Funds Rate” means, for any period, the per annum rate equal, for any day during such period, to the
greater of (i) the average rate per annum as determined by SunTrust Bank at which overnight Federal funds are offered to SunTrust Bank for such day by major banks in the interbank market, and (ii) if SunTrust Bank is borrowing overnight
federal funds from one or more members of the Federal Reserve System that day, the average rate per annum at which such overnight borrowings are made on that day. Each determination of the Federal Funds Rate by SunTrust Bank shall be conclusive and
binding on the Borrower except in the case of manifest error. 
 “Fee Letter” means that certain fourth amended
and restated fee letter dated as of July 29, 2010 by and among the Borrower, Wells Fargo, Three Pillars and the Administrator, as the same may be amended, restated and/or otherwise modified from time to time. 

“Fees” means all fees and other amounts payable by the Borrower to the Administrator or the Lenders pursuant to the Fee
Letter. 
 “Finance Charges” means, with respect to a Contract, any finance, interest, late payment charges or
similar charges owing by an Obligor pursuant to such Contract. 
 “Fitch” means Fitch, Inc., and any successor
thereto. 
 “Foreign Receivable” means a Receivable the Obligor of which (a) if a natural person, is a
resident of a country other than the United States of America or (b) if a corporation or other business organization, is organized under the laws of a country other than the United States of America and has its chief executive office in a
country other than the United States of America. 
 “Four Quarter Period” has the meaning ascribed to such term
in the Jarden Credit Agreement as the same is in effect on the Amendment No. 4 Date or as such term (or any component term thereof) in the Jarden Credit Agreement may be amended thereafter pursuant to an effective amendment to the Jarden Credit
Agreement executed or consented to in writing by (i) SunTrust Bank or the Administrator (or any Affiliate of SunTrust Bank or the Administrator) as a lender thereunder or hereunder and (ii) Wells Fargo (or any Affiliate of Wells Fargo) as
a lender thereunder or hereunder. 
  

 -13- 

 “GAAP” means generally accepted accounting principles as in effect in the
United States of America from time to time. 
 “Governmental Authority” means any nation or government, any
federal, state, local or other political subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or administrative authority or functions of or pertaining to government including any authority or other
quasi-governmental entity established to perform any of such functions. 
 “Incipient Bankruptcy” means that
any of the Administrator, any Lender or SunTrust Bank shall have been informed by the Borrower, the Servicer or any of their Affiliates or shall have otherwise reasonably determined that the Borrower, the Servicer or any Originator acting as a
sub-Servicer is about to commence or to become the subject of a case or proceeding of the type described in the definition of “Event of Bankruptcy.” 

“Indemnified Amounts” has the meaning set forth in Section 14.1. 

“Indemnified Party” has the meaning set forth in Section 14.1. 

“Independent Manager” means a manager of the Borrower who (i) shall not have been at the time of such Person’s
appointment or at any time during the preceding five years, and shall not be as long as such Person is a manager of the Borrower, (A) a director, officer, employee, partner, shareholder, member, manager or Affiliate of any of the following
Persons (collectively, the “Independent Parties”): Servicer, Originator, or any of their respective Subsidiaries or Affiliates (other than Borrower), (B) a supplier to any of the Independent Parties, (C) a Person
controlling or under common control with any partner, shareholder, member, manager, Affiliate or supplier of any of the Independent Parties, or (D) a member of the immediate family of any director, officer, employee, partner, shareholder,
member, manager, Affiliate or supplier of any of the Independent Parties; (ii) has prior experience as an independent director for a corporation or limited liability company whose charter documents required the unanimous consent of all
independent directors or managers thereof before such corporation or limited liability company could consent to the institution of bankruptcy or insolvency proceedings against it or could file a petition seeking relief under any applicable federal
or state law relating to bankruptcy, (iii) has at least three years of employment experience with one or more entities that provide, in the ordinary course of their respective businesses, advisory, management or placement services to issuers of
securitization or structured finance instruments, agreements or securities, and (iv) is reasonably acceptable to the Administrator as evidenced in a writing executed by the Administrator (it being understood and agreed that any equity owner,
manager or employee of Global Securitization Services, LLC or Lord Securities Corporation is hereby consented to by the Administrator). 

“Initial Closing Date” means August 8, 2007. 

 

 -14- 

 “Intercreditor Agreement” means that certain Intercreditor Agreement dated
as of August 24, 2006 by and between the Administrator and Canadian Imperial Bank of Commerce, as administrative agent, and acknowledged by Jarden and the Originators as amended, supplemented, restated or otherwise modified from time to time,
including with respect to Deutsche Bank AG, New York Branch, as successor administrative agent. 
 “Interest
Coverage Ratio” has the meaning ascribed to such term in the Jarden Credit Agreement as the same is in effect on the Amendment No. 4 Date or as such term (or any component term thereof) in the Jarden Credit Agreement may be amended
thereafter pursuant to an effective amendment to the Jarden Credit Agreement executed or consented to in writing by (i) SunTrust Bank or the Administrator (or any Affiliate of SunTrust Bank or the Administrator) as a lender thereunder or
hereunder and (ii) Wells Fargo (or any Affiliate of Wells Fargo) as a lender thereunder or hereunder. 
 “Interest
Period” means: 
 (a) with respect to any CP Loan, (i) initially, the period commencing on the
date of the initial funding of such Loan by a Lender and ending on (and including) the last day of the calendar month and (ii) thereafter, each period commencing on (and including) the first day of each calendar month and ending on (and
including) the last calendar day of such month; 
 (b) with respect to any Base Rate Loan, (i) initially,
the period commencing on the date of the initial funding of such Loan by a Lender, any Liquidity Bank or SunTrust Bank, as the case may be, and ending on (and including) the last day of the calendar month and (ii) thereafter, each period
commencing on (and including) the first day of each calendar month and ending on (and including) the last calendar day of such month; 

(c) with respect to any LIBOR Loan bearing interest at the Three Pillars LIBOR Rate, (i) initially, the period
commencing on the date of the initial funding of such Loan by a Lender, any Liquidity Bank or SunTrust Bank, as the case may be, and ending on (but excluding) the next following Distribution Date, and (ii) thereafter, each period commencing on
(and including) the Distribution Date and ending on (but excluding) the next following Distribution Date; and 

(d) with respect to any LIBOR Loan bearing interest at the Wells Fargo LIBOR Rate, (i) initially, the period
commencing on the date of the initial funding of such Loan by Wells Fargo and ending on (but excluding) the last day of the calendar month, and (ii) thereafter, each period commencing on (and including) the first day of each calendar month and
ending on (and including) the last calendar day of such month. 
 provided, however, that if any Interest Period for any Loan that
commences before the Commitment Termination Date would otherwise end on a date occurring after such Commitment Termination Date, such Interest Period shall end on such Commitment Termination Date and the duration of each such Interest Period that
commences on or after the Commitment Termination Date, if any, shall be of such duration as shall be selected by the Administrator. 
  

 -15- 

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

 “Jarden Credit Agreement” means that certain Credit Agreement, dated as of January 24, 2005, among
Jarden, as the Borrower, Lenders (as defined therein), Deutsche Bank AG New York Branch (as successor to Lehman Commercial Paper Inc.) as administrative agent for the Lenders and the L/C Issuers (as defined therein), Citicorp USA, Inc., as
syndication agent for the Lenders and the L/C Issuers and Bank of America, N.A., PNC Bank, N.A. (formerly known as National City Bank of Indiana) and SunTrust Bank, as Co-Documentation Agents (as the same may be amended, supplemented, restated or
otherwise modified from time to time). 
 “Lender” and “Lenders” have the meanings set forth
in the preamble to this Agreement. 
 “Lender Note” has the meaning set forth in Section 2.7. 

“LIBOR Loan” means a Loan made by a Lender or a Liquidity Bank at any time that bears interest at the Three Pillars
LIBOR Rate or the Wells Fargo LIBOR Rate, as applicable. 
 “Liquidity Agreement” means and includes
(a) the Liquidity Asset Purchase Agreement (regarding Jarden Receivables, LLC), dated as of August 24, 2006, among Three Pillars, as borrower, SunTrust Bank, as liquidity agent for the Liquidity Banks, the Administrator, and the Liquidity
Banks, or (b) any other agreement hereafter entered into by Three Pillars providing for the sale by Three Pillars of Loans (or portions thereof), or the making of loans or other extensions of credit to Three Pillars secured by security
interests in the Loans (or portions thereof), to support all or part of Three Pillars’ payment obligations under its Commercial Paper Notes or to provide an alternate means of funding Three Pillars’ investments in accounts receivable or
other financial assets, in each case as amended, supplemented, restated or otherwise modified from time to time. 

“Liquidity Bank” means and includes SunTrust Bank and any other financial institution (other than Three Pillars) now or
hereafter party to the Liquidity Agreement. 
 “Liquidity Termination Date” means the earlier to occur of
(a) July 29, 2013, as such date may be extended from time to time by Three Pillars’ Liquidity Banks in accordance with the Liquidity Agreement, and (b) the occurrence of an Event of Bankruptcy with respect to Three Pillars.

 “Loan” means each revolving loan made on a given date at a given rate by any Lender to the Borrower pursuant
to this Agreement. 
 “Lock-Box” means a postal box maintained on behalf of the Borrower or the Servicer for
the purpose of receiving checks and money orders constituting Collections of the Receivables. 
  

 -16- 

 “Lock-Box Account” means any of those bank accounts described on
Schedule 8.12 hereto and any additional or replacement account to which Mail Payments, wire transfers, SWIFT, ACH or other electronic payments are deposited for clearing. 

“Lock-Box Account Agreement” means an agreement among an Originator, the Borrower, the Administrator and the bank
holding any Lock-Box Account, in a form reasonably acceptable to the Administrator. 
 “Loss Horizon
Ratio” means, for any Calculation Period, the ratio (expressed as a percentage) computed as of the most recent Calculation Date by dividing (A) the sum of (i) Credit Sales for such Calculation Period, plus (ii) Credit
Sales for the immediately preceding Calculation Period plus (iii) Credit Sales for the second (2nd) immediately preceding Calculation Period plus (iv) the product of (x) Credit Sales for the third (3rd) immediately preceding
Calculation Period multiplied by (y) the sum of (1) 23.3%, plus (2) the Weighted Average Credit Percentage by (B) the Net Receivables Balance as of the most recent Calculation Date. 

“Loss Reserve” means, for any Calculation Period, the product of (i) the highest rolling 3-month average Default
Ratio over the 12 months ending with the most recent Calculation Period, (ii) the Loss Horizon Ratio as of the most recent Calculation Date, and (iii) the Stress Factor. 

“Mail Payments” has the meaning specified in Section 11.2.3(a). 

“Material Adverse Effect” means a material adverse effect on (a) the business, property, condition (financial or
otherwise) or results of operations of (i) Jarden and its Subsidiaries taken as a whole, or (ii) the Borrower, (b) the ability of the Borrower or Jarden to perform its respective obligations under this Agreement or any other
Transaction Document to which it is a party, (c) the legality, validity or enforceability of the Agreement or any other Transaction Document, (d) the existence, validity, perfection or priority of (i) the Administrator’s (for the
benefit of the Secured Parties) security interest in the Collateral, or (ii) the Borrower’s ownership interest in the Receivables; or (e) the validity, enforceability or collectibility of the Receivables generally or of any material
portion of the Receivables. 
 “Material Debt” means (i) any Debt in excess of $50,000,000 in aggregate
principal amount and/or (ii) Debts which in the aggregate exceed $50,000,000 in aggregate principal amount. 

“Mid-Monthly Report” means a report, substantially in the form of Exhibit I or in such other form acceptable to the
Administrator, prepared by the Servicer and signed by an Authorized Officer of the Servicer. 
 “Monthly
Report” means a report, substantially in the form of Exhibit C or in such other form acceptable to the Administrator, prepared by the Servicer as of the last Business Day of the most recent calendar month and signed by an Authorized
Officer of the Servicer. 
  

 -17- 

 “Monthly Reporting Date” means the 13th day of each month hereafter (or, if
any such date is not a Business Day, the next succeeding Business Day). 
 “Moody’s” means Moody’s
Investors Service, Inc. and its successors. 
 “Net Receivables Balance” means, for any Calculation Period,
(i) the Aggregate Eligible Balance at such time, minus (ii) the sum of (A) the Excess Concentration Amount for all Obligors at such time plus (B) the Excess Foreign Concentration Amount at such time plus (C) the Excess
Extended Term A Concentration Amount at such time plus (D) the Excess Extended Term B Concentration Amount at such time. 

“Notice of Significant Event” means the notice required to be delivered by the Borrower or Servicer, as applicable,
described in Section 9.1.5(c) of the Agreement. 
 “Obligations” means all obligations (monetary or
otherwise) of the Borrower to any of the Secured Parties and their respective successors, permitted transferees and assigns arising under or in connection with this Agreement, the Lender Notes and each other Transaction Document, in each case,
however created, arising or evidenced, whether direct or indirect, absolute or contingent, now or hereafter existing, or due or to become due. 

“Obligor” means, with respect to any Receivable, each Person obligated to make payments with respect to such Receivable,
including any guarantor thereof. 
 “Organizational Documents” means, for any Person, the documents for its
formation and organization, which, for example, (a) for a corporation are its corporate charter and bylaws, (b) for a partnership are its certificate of partnership (if applicable) and partnership agreement, (c) for a limited
liability company are its certificate of formation or organization and its operating agreement, regulations or the like and (d) for a trust is the trust agreement, declaration of trust, indenture or bylaws under which it is created. 

“Originator(s)” has the meaning specified in the Receivables Contribution and Sale Agreement. 

“Outstanding Balance” of any Receivable at any time means the then outstanding principal balance thereof. 

“Performance Guarantor” means Jarden. 

“Performance Undertaking” means that certain Performance Undertaking dated August 24, 2006, duly executed by the
Performance Guarantor in favor of the Borrower. 
 “Permitted Investment” means, at any time:

 (a) marketable obligations issued by, or the full and timely payment of which is directly and fully guaranteed
or insured by, the United States government or any other government with an equivalent rating, or any agency or instrumentality thereof when 

 

 -18- 

 
such marketable obligations are backed by the full faith and credit of the United States government or such other equivalently rated government, as the case may be, but excluding any securities
which are derivatives of such obligations; 
 (b) time deposits, bankers’ acceptances and certificates of
deposit of any domestic commercial bank or any United States branch or agency of a foreign commercial bank which (i) has capital, surplus and undivided profits in excess of $100,000,000 and which has a commercial paper or certificate of deposit
rating meeting the requirements specified in clause (c) below (or equivalent rating from the Rating Agencies) or (ii) is set forth in a list (which may be updated from time to time) (A) approved by the Administrator and (B) with
respect to which a written statement has been obtained from each of the applicable Rating Agencies to the effect that the rating of the Commercial Paper Notes rated by them will not be downgraded or withdrawn solely as a result of the acquisition of
such investments; 
 (c) commercial paper which is (i) rated at least as high as the Commercial Paper Notes
by the Rating Agencies, or (ii) set forth in a list (which may be updated from time to time) (A) approved by the Administrator and (B) with respect to which a written statement has been obtained from each of the applicable Rating
Agencies to the effect that the rating of the Commercial Paper Notes rated by them will not be downgraded or withdrawn solely as a result of the acquisition of such investments; 

(d) secured repurchase obligations for underlying securities of the types described in clauses (a) and (b) above
entered into with any bank of the type described in clause (b) above; and 
 (e) freely redeemable shares in
(i) money market or similar funds which invest solely in obligations, bankers’ acceptances, time deposits, certificates of deposit, repurchase agreements and commercial paper of the types described in clauses (a) through
(d) above, without regard to the limitations as to the maturity of such obligations, bankers’ acceptances, time deposits, certificates of deposit, repurchase agreements or commercial paper set forth below, which are rated at least
“AAm” or “AAmg” or their equivalent by both S&P and Moody’s, provided that there is no “r-highlighter” affixed to such rating, and (ii) the money market fund called Nations Cash Reserves, so long as
Nations Cash Reserves continues to buy only “first tier” securities as defined by Rule 2a-7 of the Investment Company Act of 1940. 

“Person” means an individual, partnership, limited liability company, corporation (including a business trust), joint
stock company, trust, unincorporated association, joint venture, government or any agency or political subdivision thereof or any other entity. 

“Prime Rate” means as of any date of determination, the rate of interest most recently announced by SunTrust Bank as its
prime rate in the United States (it being understood that such rate is subject to change as and when such designated rate changes). The Prime Rate is not intended to be the lowest rate of interest charged by SunTrust Bank in connection with
extensions of credit to debtors. 
  

 -19- 

 “Pro Rata Share” means with respect to a Lender, the percentage obtained by
dividing such Lender’s Commitment by the aggregate Commitments of all Lenders. 
 “Procedures Review
Report” means a report of independent consultants or certified public accountants selected by the Administrator and the Lenders which satisfies the requirements set forth on Schedule 9.1.5, as such Schedule 9.1.5 may be modified from
time to time in good faith by the Lenders with Borrower’s consent (such consent not to be unreasonably withheld). 

“Program Documents” means the Support Agreement and the other documents to be executed and delivered in connection
therewith, as amended, supplemented, restated or otherwise modified from time to time. 
 “Purchase Price
Credit” has the meaning set forth in the Receivables Contribution and Sale Agreement. 
 “Rate Setting
Day” means, for any Interest Period, two (2) Business Days prior to the commencement of such Interest Period. In the event such day is not a Business Day, then the Rate Setting Day shall be the immediately preceding Business Day.

 “Rating Agency” means any of S&P, Moody’s, Fitch, or DBRS then rating any of the
Commercial Paper Notes of Three Pillars. 
 “Rating Agency Condition” means, if applicable, that Three
Pillars has received written notice from each Rating Agency that the execution and delivery of, or an amendment, a change or a waiver of, this Agreement or the Receivables Contribution and Sale Agreement will not result in a withdrawal or downgrade
of the then current ratings on Three Pillars’ Commercial Paper. 
 “Receivable” means all indebtedness and
other obligations owed to an Originator at the times it arises, and before giving effect to any transfer or conveyance under the Receivables Contribution and Sale Agreement (including, without limitation, any indebtedness, obligation or interest
constituting an account, chattel paper, instrument or general intangible) arising from the sale of goods or the provision of services by such Originator and further includes, without limitation, the applicable Obligor’s obligation to pay any
Finance Charges, freight charges and other obligations of such Obligor with respect thereto. Indebtedness and other rights and obligations arising from any one transaction, including, without limitation, indebtedness and other rights and obligations
represented by an individual invoice, shall constitute a Receivable separate from a Receivable consisting of the indebtedness and other rights and obligations arising from any other transaction; provided that any indebtedness, rights or
obligations referred to in the immediately preceding sentence shall be a Receivable regardless or whether the Obligor or applicable Originator treats such indebtedness, rights or obligations as a separate payment obligation, provided further,
that notwithstanding the foregoing any indebtedness or other obligations which are owing to JT Sports LLC shall not be deemed to be a “Receivable” for purposes of this Agreement. 

 

 -20- 

 “Receivable File” means with respect to a Receivable, (a) the Contract
giving rise to the Receivable and other evidences of such Receivable including, without limitation, electronic files, tapes, discs, punch cards and related property and rights and (b) each UCC financing statement related thereto, if any.

 “Receivables Contribution and Sale Agreement” means the Second Amended and Restated Receivables Contribution
and Sale Agreement dated as of July 29, 2010 between the Originators, as sellers, and the Borrower, as buyer, as further amended, supplemented, restated or otherwise modified from time to time with the prior written consent of the
Administrator. 
 “Regulatory Change” means, relative to any Affected Party: 

(a) any change in (or the adoption, implementation, change in the phase-in or change in the commencement of effectiveness
of) any: (i) United States Federal or state law or foreign law applicable to such Affected Party, (ii) regulation, interpretation, directive, requirement or request (whether or not having the force of law) applicable to such Affected Party
of (A) any court or government authority charged with the interpretation or administration of any law referred to in clause (a)(i), or of (B) any fiscal, monetary or other authority having jurisdiction over such Affected Party, or
(iii) GAAP or regulatory accounting principles applicable to such Affected Party and affecting the application to such Affected Party of any law, regulation, interpretation, directive, requirement or request referred to in clause (a)(i) or
(a)(ii) above or requiring the consolidation of Three Pillars’ assets and liabilities with those of its Liquidity Banks; 

(b) any change in the application to such Affected Party of any existing law, regulation, interpretation, directive,
requirement, request or accounting principles referred to in clause (a)(i), (a)(ii) or (a)(iii) above; 

(c) the issuance, publication or release of any regulation, interpretation, directive, requirement or request of a type
described in clause (a)(ii) above to the effect that the obligations of any Liquidity Bank under the Liquidity Agreement are not entitled to be included in the zero percent category of off-balance sheet assets for purposes of any risk-weighted
capital guidelines applicable to such Liquidity Bank or any related Affected Party; or 
 (d) any change in (or
the adoption, implementation, change in the phase-in or commencement of effectiveness of) any GAAP or regulatory accounting principle applicable to such Affected Party requiring the consolidation, in whole or in part, of Three Pillars’ assets
and/or liabilities with those of its Liquidity Banks. 
 “Related Security” means, with respect to any
Receivable, (a) all right, title and interest, but none of the obligations, of the applicable Originator, in, to and under other Adverse Claims and property subject to Adverse Claims from time to time purporting to secure payment of such
Receivable, whether pursuant to the Contract related to such Receivable or otherwise, (b) all UCC financing statements or similar instruments covering any collateral securing payment of such Receivable, (c) all guaranties, indemnities,
insurance and other agreements (including the 
  

 -21- 

 related Receivable File), supporting obligations, arrangements and other collateral of whatever character
from time to time supporting or securing payment of such Receivable, whether pursuant to the Contract relating to such Receivable or otherwise relating to such Receivable, (d) all right, title and interest, if any, of the Originator in any
Lock-Box or Lock-Box Account, (e) all other instruments and all rights under the documents in the Receivables File relating to such Receivables and all rights (but not obligations) relating to such Receivables, and (f) all right, title and
interest of the Originator in and to the Returned Goods. 
 “Requirements of Law” for any Person or any of its
property shall mean the Organizational Documents of such Person or any of its property, and any statute, law, treaty, rule or regulation, or determination of an arbitrator or Governmental Authority, in each case applicable to or binding upon such
Person or any of its property or businesses or to which such Person or any of its property or businesses is subject, whether federal, state or local. 

“Reserve Floor” means, for any Calculation Period, the sum of (a) 16%, and (b) the product of (i) the
Expected Dilution Ratio as of the most recent Calculation Date, times (ii) the Dilution Horizon Ratio as of the most recent Calculation Date. 

“Reserve Percentage” means, for any Calculation Period, the percentage equal to the greater of (a) the sum of
(i) the Loss Reserve, (ii) the Dilution Reserve, (iii) the Yield Reserve, and (iv) the Servicing Reserve, and (b) the Reserve Floor. 

“Returned Goods” means all right, title and interest of in and to returned, repossessed, reclaimed, traded-in or
foreclosed upon goods and/or merchandise, the sale of which gave rise to a Receivable. 
 “S&P” means
Standard & Poor’s Ratings Group, a division of The McGraw-Hill Companies, Inc and any successor thereto. 

“Schedule C Receivable” means a Receivable of which (a) the Originator is set forth on Schedule C hereto and
(b) the original due date for payment is not more than the number of days past the Calculation Date as set forth on Schedule C hereto, in each case as such Schedule C may be updated from time to time by the Lenders and as consented to by the
Borrower. 
 “Scheduled Commitment Termination Date” means July 29, 2013, as extended from time to time by
mutual agreement of the parties hereto. 
 “Secured Parties” means the Lenders, the Administrator and the
Indemnified Parties, and the successors and permitted assigns of each of the foregoing. 
 “Servicer” means
Jarden or any successor Servicer appointed as provided in Section 11.5. 
 “Servicer Event of Default”
shall have the meaning specified in Section 11.7. 
  

 -22- 

 “Servicer Financial Statements” means the financial statements required to
be delivered by the Servicer described in Section 9.1.5(a)(ii) and (iii) of the Agreement. 
 “Servicer
Representation” means any representation or warranty made by the Servicer to the Administrator and the Lenders contained in Article VIII of the Agreement. 

“Servicing Certificate” means the certificate required to be delivered by the Servicer described in
Section 9.1.5(d) of the Agreement substantially in the form of Exhibit D hereto. 
 “Servicing Fee”
means, as to any Calculation Period, the monthly fee payable to the Servicer which, so long as Jarden or one of its Affiliates is the Servicer, shall be equal to the product of (i) the Servicing Fee Rate divided by 12 times (ii) the
aggregate Unpaid Balance of the Receivables at the beginning of such Calculation Period. The Servicing Fee for any successor Servicer shall be equal to the fee reasonably agreed to by the Administrator and such successor Servicer. 

“Servicing Fee Rate” means 1.80% per annum. 

“Servicing Reserve” means, for any Calculation Period, the product of: (a) the highest Day Sales Outstanding Ratio
during the 12 months ending with the most recent Calculation Date, (b) the Stress Factor, (c) 2.40%, and (d) 1/360. 

“Significant Event” means any Amortization Event or Event of Default. 

“Solvent” means with respect to any Person that as of the date of determination (i) the fair value of the property
of such Person is greater than the total amount of liabilities (including contingent liabilities) of such Person, (ii) the present fair saleable value of the assets of such Person (determined on a going concern basis) is not less than the
amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured considering all financing alternatives and potential asset sales reasonably available to such Person; (iii) such
Person’s capital is not unreasonably small in relation to its business or any contemplated or undertaken transaction; and (iv) such Person does not intend to incur, or believe(nor should it reasonably believe) that it will incur, debts
beyond its ability to pay such debts as they become due. For purposes of this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time,
represents the amount that can reasonably be expected to become an actual or matured liability. 
 “Special
Obligor” has the meaning set forth in Exhibit F hereto, unless and until the Administrator or any Lender give(s) not less than five (5) Business Days’ notice to the Borrower that it is revoking such Person’s special
status. 
 “Stress Factor” means 2.0. 

 

 -23- 

 “Subsidiary” means, with respect to any Person, a corporation of which such
Person and/or its other Subsidiaries own, directly or indirectly, such number of outstanding shares as have more than 50% of the ordinary voting power for the election of directors. 

“Sunbeam” means Sunbeam Products, Inc., a Delaware corporation. 

“SunTrust Bank” means SunTrust Bank, a Georgia banking corporation. 

“Support Agreement” means and includes any credit agreement, letter of credit, surety bond or other instrument or
insurance policy pursuant to which Three Pillars receives credit enhancement or liquidity enhancement for the Commercial Paper Notes or for its commercial paper notes generally, including, without limitation, the Liquidity Agreement. 

“Support Provider” means and includes any entity now or hereafter extending credit or liquidity support or having a
commitment to extend credit or liquidity support to or for the account of, or to make loans to or purchases from, Three Pillars or issuing a letter of credit, surety bond or other instrument to support any obligations arising under or in connection
with the commercial paper program of Three Pillars, including, without limitation, Liquidity Banks. 
 “Taxes”
means any and all present or future taxes, duties, levies, imposts, deductions, charges or withholdings, and any and all liabilities (including but not limited to interest and penalties) with respect to the foregoing, imposed by any Governmental
Authority. 
 “Three Pillars” has the meaning set forth in the preamble hereto. 

“Three Pillars Alternative Rate” means: 

(a) for any Interest Period while the Three Pillars LIBOR Rate is unavailable, an interest rate per annum equal to
the sum of (i) the Base Rate, plus (ii) the Applicable Margin, 
 (b) for any Interest Period until
Three Pillars has received not less than three (3) Business Days’ prior notice that the Borrower wishes to select the Three Pillars LIBOR Rate, an interest rate per annum equal to the sum of (i) the Base Rate, plus
(ii) the Applicable Margin, and 
 (c) at all other times, an interest rate per annum equal to the
sum of (i) the Three Pillars LIBOR Rate applicable to such Interest Period, plus (ii) the Applicable Margin. 

“Three Pillars LIBOR Rate” means, for any Interest Period, a rate per annum equal to the sum of (a) the rate
per annum appearing on page BBAM on the Bloomberg Terminal (successor to Telerate page 3750) (“Page BBAM”) (or any other page that may replace such page from time to time for the purpose of displaying offered rates of leading
banks for London interbank deposits for one month in United States dollars) at approximately 11:00 a.m. (London time) on the Rate Setting Day; provided that in the event no such rate is shown, the LIBOR Rate

  

 -24- 

 
shall be the rate per annum (rounded upwards, if necessary, to the nearest 1/100th of one percent) based on the rates at which Dollar deposits for one month are displayed on page
“LIBOR” of the Reuters Screen as of 11:00 a.m. (London time) on the Rate Setting Day (it being understood that if at least two (2) such rates appear on such page, the rate will be the arithmetic mean of such displayed
rates); provided further, that in the event fewer than two (2) such rates are displayed, or if no such rate is relevant, the LIBOR Rate shall be the rate per annum equal to the average of the rates at which deposits in Dollars are
offered by SunTrust Bank at approximately 11:00 a.m. (London time) on the Rate Setting Day to prime banks in the London interbank market for a one month, plus (b) 1.25%. 

“Total Leverage Ratio” has the meaning ascribed to such term in the Jarden Credit Agreement as the same is in effect on
the Amendment No. 4 Date or as such term (or any component term thereof) in the Jarden Credit Agreement may be amended thereafter pursuant to an effective amendment to the Jarden Credit Agreement executed or consented to in writing by
(i) SunTrust Bank or the Administrator (or any Affiliate of SunTrust Bank or the Administrator) as a lender thereunder or hereunder and (ii) Wells Fargo (or any Affiliate of Wells Fargo) as a lender thereunder or hereunder. 

“Transaction Documents” means this Agreement, the Receivables Contribution and Sale Agreement, the Lender Notes, the Fee
Letter, the Performance Undertaking, the Intercreditor Agreement and the other instruments, certificates, agreements, reports and documents to be executed and delivered under or in connection with this Agreement or the Receivables Contribution and
Sale Agreement (except Program Documents), as any of the foregoing may be amended, supplemented, amended and restated, or otherwise modified from time to time in accordance with this Agreement. 

“UCC” means the Uniform Commercial Code as from time to time in effect in the applicable jurisdiction or jurisdictions.

 “Unmatured Significant Event” means any event that, if it continues uncured, will, with lapse of time or
notice, constitute a Significant Event. 
 “Unpaid Balance” means, with respect to any Receivable, the sum
(without duplication) of (a) the Outstanding Balance thereof, and (b) the aggregate amount required to repay in full all interest, finance, prepayment and other fees or charges of any kind payable in respect of, such Outstanding Balance.

 “Weighted Average Credit Percentage” means, on any date of determination, the greater of (a) 0% and
(b) the percentage determined pursuant to the following formula: 
  

															
	 	 	 100% x
	 		 	 	 	 WACT - 60
	 	 	 		 	 
	 	 	 	 	30	 	 	 	 

  

 -25- 

 where: 

WACT = the Weighted Average Credit Terms for the most recent month. 

“Weighted Average Credit Terms” means the sum of (a) the product of (i) the percentage used to calculate the
Excess Extended Term A Concentration Amount times (ii) 150 plus (b) the product of (i) the percentage used to calculate the Excess Extended Term B Concentration Amount times (ii) 180 plus (c),
without duplication, the product of (i) 87.5% times (ii) the weighted average of payment terms granted in invoices for Receivables outstanding as of such periodic calculation date as reported by each reporting Originator or if not
reported, the maximum credit terms outlined for such Originator in clause (u) of the definition of “Eligible Receivable” or if no maximum is defined for such Originator, 120. 

“Wells Fargo” has the meaning set forth in the preamble hereto. 

“Wells Fargo Alternative Rate” means: 

(a) for any Interest Period while the Wells Fargo LIBOR Rate is unavailable, an interest rate per annum equal to
the sum of (i) the Base Rate, plus (ii) the Applicable Margin, and 
 (b) at all other times, an
interest rate per annum equal to the sum of (i) the Wells Fargo LIBOR Rate applicable to such Interest Period, plus (ii) the Applicable Margin. 

“Wells Fargo LIBOR Rate” means, for any day, the three-month Eurodollar Rate for U.S. dollar deposits as reported on the
Reuters Screen LIBOR01 Page or any other page that may replace such page from time to time for the purpose of displaying offered rates of leading banks for London interbank deposits in United States dollars, as of 11:00 a.m. (London time) on such
date, or if such day is not a Business Day, then the immediately preceding Business Day (or if not so reported, then as determined by the Wells Fargo from another recognized source for interbank quotation), in each case, changing when and as such
rate changes. 
 “Yield Reserve” means, for any Calculation Period, the product of (a) the highest Day
Sales Outstanding Ratio during the 12 months ending with the most recent Calculation Date, (b) the Stress Factor, (c) the Prime Rate as in effect on the most recent Calculation Date and (d) 1/360. 

Section 1.2. Other Definitional Provisions. (a) Unless otherwise specified therein, all terms defined in this Agreement
have the meanings as so defined herein when used in any other Transaction Document, certificate, report or other document made or delivered pursuant hereto. 

(b) Each term defined in the singular form in Section 1.1 or elsewhere in this Agreement shall mean the plural thereof when the
plural form of such term is used in this Agreement or any other Transaction Document, certificate, report or other document made or delivered pursuant hereto, and each term defined in the plural form in Section 1.1 shall mean the singular
thereof when the singular form of such term is used herein or therein. 
  

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 (c) The words “hereof,” “herein,” “hereunder” and
similar terms when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and article, section, subsection, schedule and exhibit references herein are references to articles, sections,
subsections, schedules and exhibits to this Agreement unless otherwise specified. 
 Section 1.3. Other Terms. All
accounting terms not specifically defined herein shall be construed in accordance with GAAP. All terms used in Article 9 of the UCC and not specifically defined herein, are used herein as defined in such Article 9. 

Section 1.4. Computation of Time Periods. Unless otherwise stated in this Agreement, in the computation of a period of time
from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each means “to but excluding.”

 Section 1.5. Continuance of Significance Events. For the avoidance of doubt, from and after the time, if any,
when an event becomes a Servicer Event of Default, an Amortization Event or an Event of Default, such event shall be deemed to be continuing until waived in writing in accordance with the provisions of this Agreement or until the circumstance which
gave rise thereto ceases to exist. 
 ARTICLE II 

LENDERS’ COMMITMENT, BORROWING PROCEDURES AND
LENDER NOTES 
 Section 2.1. Lenders’ Commitment. On the terms and subject to
the conditions set forth in this Agreement, each Lender agrees to make loans to the Borrower on a revolving basis from time to time before the Commitment Termination Date in such amounts as may be from time to time requested by the Borrower pursuant
to Section 2.2; provided, however, that (i) the aggregate principal amount of all Advances for any Lender shall not at any time exceed such Lender’s Commitment and (ii) the aggregate principal amount of all Advances from
time to time outstanding hereunder shall not exceed the lesser of (x) the Facility Limit and (y) the Borrowing Base. Within the limits of each Lender’s Commitment and the Facility Limit, the Borrower may borrow and (subject to
Section 4.1(a)) prepay and reborrow under this Section 2.1. 
 Section 2.2. Borrowing Procedures. The
Borrower (or the Servicer on its behalf) may request an Advance hereunder by delivering a Borrowing Request to the Administrator and each Lender not later than 2:00 p.m. (Atlanta time), one (1) Business Day prior to the proposed date of
such borrowing. Each Borrowing Request given by the Borrower (or the Servicer on its behalf) pursuant to this Section 2.2 shall be irrevocable and binding on the Borrower. Any request for an Advance also may be given by telephone, provided that
it is promptly confirmed by facsimile transmission of a signed Borrowing Request or by electronic mail message attaching a portable data format or “.pdf” file containing an image of the signed Borrowing Request. Upon Administrator’s
receipt of each Borrowing Request, Administrator shall promptly determine whether Three Pillars or its Liquidity Bank(s) will participate in funding the Three Pillars Pro Rata Share of the requested Advance. 

 

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 Section 2.3. Funding. Subject to the satisfaction of the conditions precedent
set forth in Article VII with respect to such Advance and the limitations set forth in Section 2.1, each Lender shall make the proceeds of its Loan comprising its Pro Rata Share of such requested Advance available to the Borrower’s
Account in immediately available funds on the proposed date of borrowing. Each borrowing shall be on a Business Day and shall be in an aggregate amount of at least $1,000,000. Three Pillars will use its commercially reasonable efforts to fund each
Loan as a CP Loan. 
 Section 2.4. Representation and Warranty. Submission of each Borrowing Request shall
automatically constitute a representation and warranty by the Borrower to the Administrator and each Lender that on the date of such requested borrowing, the applicable conditions set forth in Article VII have been satisfied. 

Section 2.5. Extension of Lenders’ Commitment. The Lenders’ Commitments shall terminate on the Commitment
Termination Date. Notwithstanding the foregoing: 
 (a) Not more than 90 days prior to the Liquidity
Termination Date in effect from time to time, the Borrower may request that Three Pillars or the Administrator, on Three Pillars’ behalf, seek the Liquidity Banks’ consent to extend the Liquidity Termination Date for a period of up to
three years (it being understood that, for regulatory capital purposes, if the Liquidity Banks commit to extend more than one month prior to the existing Liquidity Termination Date, the period until the existing Liquidity Termination Date must be
included in computing the duration of such three year period), and 
 (b) Not more than 90 days prior to the
Scheduled Commitment Termination Date in effect from time to time, the Borrower may request that each Lender consent to extend the Scheduled Commitment Termination Date for a period of up to three years (it being understood that, for regulatory
capital purposes, if the Liquidity Banks commit to extend more than one month prior to the existing Liquidity Termination Date, the period until the existing Liquidity Termination Date must be included in computing the duration of such three year
period). 
 The Administrator shall advise the Borrower in writing whether each request made pursuant to clause (a) or
clause (b) above has been granted as promptly as possible (but in no event later than 30 days after such request has been made) and whether such consent is subject to satisfaction of any conditions precedent. If any such request is not
granted within 30 days after such request has been made, the Liquidity Termination Date or Scheduled Commitment Termination Date, as the case may be shall remain unchanged. If any such request is granted within 30 days after such request
has been made, the Liquidity Termination Date or Scheduled Commitment Termination Date, as the case may be, shall be extended as provided in the Administrator’s confirmatory written notice upon satisfaction of any conditions precedent specified
therein. 
  

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 Section 2.6. Voluntary Termination of Lenders’ Commitments. The Borrower
may, in its sole discretion for any reason upon at least 30 days’ prior written irrevocable notice to the Administrator (with a copy to each Lender), terminate the Lenders’ Commitments in whole. 

Section 2.7. Notes. All Loans from each Lender shall be evidenced by a single promissory grid note (each such note as
amended, modified, restated, extended or replaced from time to time, a “Lender Note” and collectively referred to herein as the “Lender Notes”) substantially in the form set forth in Exhibit B-1 and Exhibit B-2
hereto, with appropriate insertions, payable to the order of such Lender. The Borrower hereby irrevocably authorizes the Administrator in connection with the Lender Notes to make (or cause to be made) appropriate notations on the grid attached to
the Lender Notes (or on any continuation of such grid, or, in lieu of making notations on such grid or any continuation thereof, at the Administrator’s option, in its records), which notations, if made, shall evidence, inter alia, the
date of, the outstanding principal of, and the interest rate and Interest Period applicable to the Loans evidenced thereby. Such notations shall be rebuttably presumptive evidence of the subject matter thereof, absent manifest error;
provided, however, that the failure to make any such notations shall not limit or otherwise affect any Obligations of the Borrower. 

ARTICLE III 

INTEREST, FEES, ETC. 

Section 3.1. Interest Rates. The Borrower hereby promises to pay interest on the unpaid principal amount of each Loan for the
period commencing on the date such Loan is made until such Loan is paid in full (or, in the case of a CP Loan, refinanced with an Alternative Rate Loan), as follows: 

(a) during each Interest Period applicable to a CP Loan, at a rate per annum equal to the sum of (i) the
Commercial Paper Rate applicable to such Interest Period, plus (ii) the Applicable Margin; 
 (b) during
each Interest Period applicable to an Alternative Rate Loan, at a rate per annum equal to the Alternative Rate applicable to such Interest Period; and 

(c) notwithstanding the provisions of the preceding clauses (a) and (b), in the event that a Significant Event has
occurred and is continuing, at a rate per annum equal to the Default Rate. After the date on which any principal amount of any Loan is due and payable (whether at scheduled maturity or upon acceleration thereof pursuant to Section 10.3)
or after any other monetary Obligation of the Borrower arising under this Agreement shall become due and payable, the Borrower shall pay (to the extent permitted by law, if in respect of any unpaid amounts representing interest) interest (after as
well as before judgment) on such amounts at a rate per annum equal to the Default Rate. 
 No provision of this Agreement or the Lender
Notes shall require the payment or permit the collection of interest in excess of the maximum permitted by applicable law. 
  

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 Section 3.2. Interest Payment Dates. Interest accrued on each Loan shall be
payable, without duplication: 
 (a) on each Distribution Date prior to the Commitment Termination Date, for the
relevant Interest Period, in arrears; 
 (b) if requested by the Administrator, on the date of any prepayment (in
whole or in part) of principal outstanding, on the amount paid or prepaid (it being understood that any prepayment shall be accompanied by any amounts owing under Section 6.2); 

(c) in full, on the Commitment Termination Date (whether at scheduled maturity or upon acceleration thereof pursuant to
Section 10.3); and 
 (d) from and after the Commitment Termination Date, upon demand. 

Section 3.3. Applicable Interest Rates. Three Pillars shall from time to time advise the Borrower and the Servicer whether
its Loan is a CP Loan or an Alternative Rate Loan, and of the interest rate applicable to each Interest Period thereof. By 2:00 p.m. (Atlanta time) on the Business Day prior to each Distribution Date, each Lender shall advise the
Administrator, the Borrower and the Servicer of the interest rate applicable to its respective Loan for the relevant Interest Period. 

Section 3.4. Fees. The Borrower agrees to pay the Administrator and each Lender certain Fees in the amounts and on the dates
set forth in the Fee Letter. 
 Section 3.5. Computation of Interest and Fees. All interest on the CP Loans and
the LIBOR Loans and all Fees and Servicing Fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest, Fee or Servicing Fee is payable
over a year comprised of 360 days. All interest on the Base Rate Loans shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest is
payable over a year comprised of 365 (or, when appropriate, 366) days. 
 ARTICLE IV 

REPAYMENTS AND PREPAYMENTS; DISTRIBUTION OF
COLLECTIONS 
 Section 4.1. Repayments and Prepayments. On and after the Commitment Termination
Date, all Collections then held or thereafter received shall be applied to Obligations in accordance with this Agreement (including Section 4.2(c)), each Lender’s Commitment shall terminate, and no further Advance shall be made hereunder.
Prior thereto, the Borrower: 
 (a) may, from time to time on any Business Day, make a prepayment, in whole or in
part, of the outstanding principal amount of the Advances; provided, however, that, (i) unless otherwise consented to by the Administrator, written notice (in the form of Exhibit G) of all such voluntary prepayments shall be
delivered to the 
  

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Administrator no later than 12:00 noon (Atlanta time), (A) one (1) Business Day prior to the prepayment thereof if the amount of the prepayment is less than 25% of the Facility
Limit, (B) two (2) Business Days prior to the prepayment thereof if the amount of the prepayment is equal to or greater than 25% but less than 50% of the Facility Limit and (C) four (4) Business Days prior to the prepayment
thereof if the amount of the prepayment is equal to or greater than 50% of the Facility Limit and (ii) unless otherwise consented to by the Administrator, all such voluntary partial prepayments shall be in a minimum amount of $1,000,000;

 (b) [Intentionally Omitted]. 

(c) shall, immediately upon any acceleration of the Commitment Termination Date of any Advances pursuant to
Section 10.3, repay all Advances, unless, pursuant to Section 10.3.1, only a portion of all Advances is so accelerated, in which event the Borrower shall repay the accelerated portion of the Advances; and 

(d) shall, on each date when any reduction in the Facility Limit shall become effective pursuant to Section 2.6, make
a prepayment of the Advances in an amount equal to the excess, if any, of the aggregate outstanding principal amount of the Advances over the Facility Limit as so reduced. Each such prepayment shall be subject to the payment of any amounts required
by Section 6.2; 
 (e) shall, within two (2) Business Days following the Monthly Reporting Date or
following the date on which a Mid-Monthly Report is due pursuant to Section 9.1.5(b), as the case may be, make a prepayment of the Advances in an aggregate amount equal to the existing Borrowing Base Deficit, if any, revealed by the related
Monthly Report or the Mid-Monthly Report. Each such prepayment shall be subject to the payment of any amounts required by Section 6.2; and 

(f) notwithstanding anything to the contrary in this Section 4.1, all payments of principal on the Advances shall be
allocated to each Lender on a pro rata basis in accordance with such Lender’s Pro Rata Share. 
 Section 4.2.
Application of Collections. (a) Collections shall be distributed by the Servicer at such times and in the order of priority set forth in this Section 4.2 and, to the extent Section 4.2 provides for distributions to the
Administrator, shall be paid to the Administrator. 
 (b) On each Distribution Date prior to the Commitment Termination Date,
the Servicer shall distribute from Collections received by the Borrower or the Servicer prior to such Distribution Date, the following amounts, without duplication, in the following order of priority: 

first, to the Administrator for distribution to each Lender interest accrued on the Loans made by such Lender
during the period from the most recent Distribution Date to the current Distribution Date (plus, if applicable, the amount of interest on the Loans accrued for any prior period to the extent such amount has not been paid, and to the extent permitted
by law, interest thereon); 
  

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 second, to the Servicer, to the extent due and owing under this
Agreement or any other Transaction Document, the accrued Servicing Fee payable for the prior Calculation Period (plus, if applicable, the amount of Servicing Fee payable for any prior Calculation Period to the extent such amount has not been
distributed to the Servicer); 
 third, to the Administrator for distribution to each Lender, to the
extent due and owing under any Transaction Document, all Fees owing to such Lender accrued during the prior Calculation Period (plus, if applicable, the amount of Fees accrued for any prior Calculation Period to the extent such amount has not been
distributed to the Administrator); 
 fourth, to the Administrator for distribution to the Lenders, in
accordance with each Lender’s Pro Rata Share, as a repayment of principal of the Advances, an aggregate amount equal to the Borrowing Base Deficit, if any; 

fifth, to the Administrator for distribution to the Lenders, in accordance with each Lender’s Pro Rata Share,
to the extent due and owing under this Agreement or any other Transaction Document on such Distribution Date, all other Obligations owed to any Secured Party; and 

sixth, the balance, if any, to the Borrower (provided, however, that nothing in this Section 4.2
shall prohibit the Borrower from applying Collections received from time to time to the purchase of additional Receivables, or to prepayment of Advances as permitted by Section 4.1 so long as Collections available for distribution on a
Distribution Date are sufficient to pay the amounts described in clauses first through fifth above). 
 (c) On
each Distribution Date on or after the Commitment Termination Date, the Servicer shall distribute from Collections received by the Borrower or the Servicer prior to such Distribution Date, the following amounts, without duplication, in the following
order of priority: 
 first, to the Administrator and each Lender, in payment of its reasonable costs and
expenses (including reasonable attorneys’ fees and disbursements) in connection with enforcement of the Transaction Documents on behalf of the Administrator and the Lenders; 

second, to the Servicer, to the extent due and owing under this Agreement or any other Transaction Document, the
accrued Servicing Fee payable for the prior Calculation Period (plus, if applicable, the amount of Servicing Fee payable for any prior Calculation Period to the extent such amount has not been distributed to the Servicer); 

third, to the Administrator for distribution to the Lenders, in accordance with each Lender’s Pro Rata Share,
all Obligations other than principal due and owing on such Distribution Date; 
  

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 fourth, the Administrator for distribution to the Lenders, in
accordance with each Lender’s Pro Rata Share as a repayment of principal of the Advances; and 

fifth, once all amounts described in clauses first, second, third and fourth above have been paid in
full, the balance, if any, to the Borrower. 
 Section 4.3. Application of Payments. All payments of principal on
the Advances shall be allocated to each Lender on a pro rata basis in accordance with such Lender’s Pro Rata Share. Subject to the foregoing sentence, each payment of principal on the Advances shall be applied to such Loans as the Servicer
shall direct or, in the absence of such notice or during the existence of a Significant Event or after the Commitment Termination Date, as the Administrator shall determine in its discretion. 

Section 4.4. Due Date Extension. If any payment of principal or interest with respect to any Advance falls due on a day which
is not a Business Day, then such due date shall be extended to the next following Business Day, and additional interest shall accrue at the applicable interest rate and be payable for the period of such extension. 

Section 4.5. Timing of Payments. All payments of principal of, or interest on, the Advances and of all Fees, and all amounts
to be deposited by the Borrower or the Servicer hereunder, shall be made by the Borrower or the Servicer, as applicable, no later than 12:00 p.m. (Atlanta time), on the day when due in lawful money of the United States of America in immediately
available funds to the Administrator. Funds received by the Administrator after 12:00 p.m. (Atlanta time) on the date when due, will be deemed to have been received by them on the next following Business Day for purposes of computing interest
and fees, but so long as such funds are received by the Administrator no later than 6:00 p.m. (Atlanta time) on the date when due, no Unmatured Significant Event shall be deemed to have occurred under Section 10.1.1. 

ARTICLE V 

SECURITY INTEREST 

Section 5.1. Grant of Security. (a) The Borrower hereby assigns and pledges to the Administrator (for the benefit of the
Secured Parties), and hereby grants to the Administrator (for the benefit of the Secured Parties) a security interest in all of the Borrower’s right, title and interest in and to the following, whether now or hereafter existing and wherever
located (the “Collateral”): 
 (i) all Receivables, Collections, Related Security and Receivable
Files (other than with respect to Defective Receivables for which the Borrower has received a Purchase Price Credit); 

(ii) all of the Borrower’s rights, remedies, powers and privileges in respect of the Receivables Contribution and
Sale Agreement, including, without limitation, its rights to receive Purchase Price Credits and indemnity payments thereunder; 
  

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 (iii) all of the Borrower’s rights, remedies, powers and privileges in
respect of the Performance Undertaking, including, without limitation, its right to demand performance thereunder; 

(iv) the Collection Account, the Lock-Box Accounts and all funds on deposit therein, together with all certificates and
instruments, if any, from time to time evidencing such accounts and funds on deposit; and 
 (v) all products and
proceeds (including, without limitation, insurance proceeds) of, and additions, improvements and accessions to, and books and records describing or used in connection with, all and any of the property described above. 

(b) This grant of security secures the payment and performance of all Obligations. 

(c) This grant of security shall create a continuing security interest in the Collateral and shall: (i) remain in full force and
effect until the Administrator’s (for the benefit of the Secured Parties) interest in the Collateral shall have been released in accordance with Section 5.4; (ii) be binding upon the Borrower, its successors, transferees and assigns;
and (iii) inure, together with the rights and remedies of the Administrator (for the benefit of the Secured Parties) hereunder, to the benefit of the Administrator and each Secured Party and their respective successors, transferees and assigns.

 Section 5.2. Administrator Appointed Attorney-in-Fact. The Borrower hereby irrevocably appoints the Administrator
(for the benefit of the Secured Parties) as the Borrower’s attorney-in-fact, with full authority in the place and stead of the Borrower and in the name of the Borrower or otherwise, from time to time in the Administrator’s discretion,
after the occurrence and during the continuation of a Significant Event to take any action and to execute any instrument which the Administrator may deem necessary or advisable to accomplish the purposes of the Transaction Documents, including,
without limitation: 
 (a) to ask, demand, collect, sue for, recover, compromise, receive and give acquittance
and receipts for moneys due and to become due under or in respect of any of the Collateral; 
 (b) to receive,
endorse, and collect any drafts or other instruments, documents and chattel paper, in connection with clause (a) above; 

(c) to file any claims or take any action or institute any proceedings which the Administrator may deem necessary or
desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Administrator (for the benefit of the Secured Parties) with respect to any of the Collateral; 

(d) to sell, transfer, assign or otherwise deal in or with the Collateral or any part thereof pursuant to the terms and
conditions hereunder; and 
  

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 (e) to perform the affirmative obligations of the Borrower under the
Transaction Documents; 
 provided that the Administrator shall not take the action or execute any instrument to accomplish the purposes
described in (a), (b), or (c) until it has given written notice pursuant to Section 11.7 of revocation of the appointment of Jarden as the Servicer hereunder. The Administrator agrees to give the Borrower and the Servicer prior written
notice of the taking of any such action described in (d) or (e) above, but the failure to give such notice (other than any notice required to be given pursuant to the UCC) shall not affect the rights, power or authority of the
Administrator with respect thereto. The Borrower hereby acknowledges, consents and agrees that the power of attorney granted pursuant to this Section 5.2 is irrevocable and coupled with an interest. 

Section 5.3. Administrator May Perform. If the Borrower fails to perform any agreement to be performed by the Borrower
hereunder, the Administrator (for the benefit of the Secured Parties) may itself perform, or cause performance of such agreement, and the reasonable expenses of the Administrator incurred in connection therewith shall be payable by the Borrower.

 Section 5.4. Release of Collateral. The Administrator’s (for the benefit of the Secured Parties) right,
title and interest in the Collateral shall be released effective on the date occurring after the Commitment Termination Date on which all Obligations shall have been finally and fully paid and performed (other than contingent obligations as to which
no unsatisfied claim has been asserted). 
 ARTICLE VI 

INCREASED COSTS, ETC. 

Section 6.1. Increased Costs. If any change in Regulation D of the Board of Governors of the Federal Reserve System, or any
Regulatory Change, in each case occurring after the date hereof: 
 (a) shall subject any Affected Party to any
tax, duty or other charge with respect to any Loan made or funded by it, or shall change the basis of taxation of payments to such Affected Party of the principal of or interest on any Loan owed to or funded by it or any other amounts due under this
Agreement in respect of any Loan made or funded by it (other than Excluded Taxes); or 
 (b) shall impose, modify
or deem applicable any reserve (including, without limitation, any reserve imposed by the Board of Governors of the Federal Reserve System, but excluding any reserve included in the determination of interest rates pursuant to Section 3.1),
special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Affected Party; or 

(c) shall change the amount of capital maintained or required or requested or directed to be maintained by any Affected
Party (including, without limitation, because the assets and liabilities of any Lender are required to be consolidated with those of any other Affected Party under applicable accounting principles); or 

 

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 (d) shall impose on any Affected Party any other condition affecting any
Loan made or funded by any Affected Party; 
 and the result of any of the foregoing is to (i) increase the cost to or to impose a cost on
(A) an Affected Party funding or making or maintaining any Loan (including extensions of credit under the Liquidity Agreement or any other applicable Support Agreement, or any commitment of such Affected Party with respect to any of the
foregoing), or (B) the Administrator for continuing its or the Borrower’s relationship with the Lenders, (ii) to reduce the amount of any sum received or receivable by an Affected Party under this Agreement, the Lender Notes, the
Liquidity Agreement or other applicable Support Agreement with respect thereto, or (iii) in the good faith determination of such Affected Party, to reduce the rate of return on the capital of an Affected Party as a consequence of its
obligations hereunder, or under the applicable Liquidity Agreement or other applicable Support Agreement, as applicable, or arising in connection herewith or therewith to a level below that which such Affected Party could otherwise have achieved,
then after demand by such Affected Party to the Borrower (which demand shall be accompanied by a written statement setting forth the basis of such demand), the Borrower shall pay to Administrator on behalf of such Affected Party such additional
amount or amounts as will (in the reasonable determination of such Affected Party) compensate such Affected Party for such increased cost or such reduction. Such written statement (which shall include calculations in reasonable detail) shall, in the
absence of manifest error, be conclusive evidence of the subject matter thereof. 
 If any Affected Party has or anticipates
having any claim for compensation from the Borrower pursuant to Section 6.1 and such Affected Party believes that having the facility publicly rated by two credit rating agencies would reduce the amount of such compensation by an amount deemed
by such Affected Party to be material, such Affected Party shall provide 30 days prior written notice to the Borrower and the Servicer (a “Ratings Request”) that such Affected Party intends to request public ratings of the
facility from two credit rating agencies selected by such Affected Party and reasonably acceptable to the Borrower, of at least the equivalent of the A-/A3 ratings level (such ratings levels as set forth by S&P and Moody’s, respectively)
(the “Required Ratings”). The Borrower and the Servicer agree that they shall reasonably cooperate with such Affected Party’s efforts to obtain the Required Ratings, and shall provide the applicable credit rating agencies
(either directly or through distribution to the Administrator or Affected Party), any information requested by such credit rating agencies necessary for the purposes of providing and monitoring the Required Ratings. The Affected Party requesting the
ratings shall pay the initial fees payable to the credit rating agencies for providing the Required Ratings, but any ongoing or renewal fees in connection with such ratings shall be paid for by the Borrower. Nothing in this Section 6.1 shall
preclude any Affected Party from demanding compensation from the Borrower pursuant to Section 6.1 hereof at any time and without regard to whether the Required Ratings shall have been obtained, or shall require any Affected Party to obtain any
ratings on the facility prior to demanding any such compensation from the Borrower. 
  

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 Section 6.2. Broken Funding Costs. The Borrower hereby agrees that upon demand
by any Affected Party (which demand shall be accompanied by a written statement setting forth in reasonable detail the basis for the calculations of the amount being claimed), the Borrower will indemnify such Affected Party against any Broken
Funding Costs. Such written statement shall, in the absence of manifest error, be conclusive evidence of the subject matter thereof. 

Section 6.3. Withholding Taxes. All payments made by the Borrower hereunder (or by the Servicer, on behalf of the Borrower,
hereunder) shall be made free and clear of, and without reduction or withholding for or on account of, any present or future Covered Taxes, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority or other
taxing authority. If any Covered Taxes are required to be withheld from any amounts payable to any of the Administrator or the Lenders, the amounts so payable to the Administrator or such Lender shall be increased to the extent necessary to yield to
the Administrator or such Lender (after payment of all such Covered Taxes) all such amounts payable hereunder at the rates or in the amounts specified herein. Whenever any Covered Taxes are payable by the Borrower, as promptly as possible
thereafter, the Borrower shall send to the Administrator for its own account or for the account of such Lender, as the case may be, a certified copy of an original official receipt received by the Borrower showing payment thereof. If the Borrower
fails to pay any Covered Taxes when due to the appropriate taxing authority or fails to remit to the Administrator the required documentary evidence, the Borrower shall indemnify the Administrator and such Lender for such Covered Taxes and any
incremental taxes that may become payable by the Administrator or any Lender as a result of any such failure. 

ARTICLE VII 

CONDITIONS TO BORROWING 

Section 7.1. Initial Loan. The making of the initial Advance hereunder is subject to the conditions precedent that the
Administrator shall have received all of the following, each duly executed and dated the date of such Advance (or such earlier date as shall be satisfactory to the Administrator), in form and substance satisfactory to the Administrator: 

Section 7.1.1. Resolutions. Certified copies of resolutions of the Board of Managers, Board of Directors or
Member(s) of the Borrower, the Originators and the Servicer, as the case may be, authorizing or ratifying the execution, delivery and performance, respectively, of the Transaction Documents to which it is a party, together with a certified copy of
its Organizational Documents. 
 Section 7.1.2. Consents, etc. Certified copies of all documents
evidencing any necessary consents and governmental approvals (if any) with respect to the Transaction Documents. 

Section 7.1.3. Incumbency and Signatures. A certificate of an officer of the Borrower, the Originators and the
Servicer certifying the names of its officer or officers authorized to sign the Transaction Documents to which it is a party. 
  

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 Section 7.1.4. Good Standing Certificates. Good standing
certificates for the Borrower, the Servicer, the Performance Guarantor and each Originator issued as of a recent date acceptable to the Administrator by the Secretary of State of the jurisdiction of such Person’s organization. 

Section 7.1.5. Financing Statements. (i) Proper financing statements (Form UCC-1), filed on or prior to
the date of the initial Loan, naming the Borrower as debtor and the Administrator (for the benefit of the Secured Parties) as the secured party as may be necessary or, in the opinion of the Administrator, desirable under the UCC to perfect the
Administrator’s (for the benefit of the Secured Parties) security interest in the Collateral, (ii) proper financing statements, filed on or prior to the date of the initial Advance, naming each Originator, as seller/debtor, the Borrower as
purchaser/secured party and the Administrator as assignee as may be necessary or, in the opinion of the Administrator, desirable under the UCC to perfect the Borrower’s ownership interest in the Receivables, and (iii) authorized copies of
proper Uniform Commercial Code Form UCC-3 termination statements or other evidence satisfactory to the Administrator indicating the release of all liens and other Adverse Claims of any Person in the Collateral granted by the Borrower or any
Originator. 
 Section 7.1.6. Search Reports. A written search report provided to the Administrator
by a search service acceptable to the Administrator listing all effective financing statements that name the Borrower or any Originator as debtor or assignor and that are filed in the jurisdictions in which filings were made pursuant to
Section 7.1.5 above and in such other jurisdictions that the Administrator shall reasonably request, together with copies of such financing statements (none of which shall cover any Collateral or interests therein or proceeds of any thereof),
and tax and judgment lien search reports from a Person satisfactory to the Administrator showing no evidence of such lien filed against the Borrower or any Originator. 

Section 7.1.7. Fee Letter; Payment of Fees. The Fee Letter, together with all payment of all Fees that are due
and payable on or prior to the Closing Date pursuant to the Fee Letter. 
 Section 7.1.8. Receivables
Contribution and Sale Agreement. (i) Duly executed and delivered counterparts of each of the Receivables Contribution and Sale Agreement and all documents, agreements and instruments contemplated thereby, and (ii) evidence that each of
the conditions precedent to the execution and delivery of the Receivables Contribution and Sale Agreement has been satisfied to the Administrator’s satisfaction, and that the initial assignments and transfers under the Receivables Contribution
and Sale Agreement have been consummated. 
 Section 7.1.9. Opinions of Counsel. Opinions of counsel
to the Borrower each in form and substance reasonably satisfactory to the Administrator and each Lender. 

Section 7.1.10. Lender Notes. The Lender Notes, duly executed by the Borrower. 

 

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 Section 7.1.11. Monthly Report. Monthly Report, duly executed by
an Authorized Officer of the Servicer as of June 30, 2010. 
 Section 7.1.12. Lock Box Account
Agreements. The Lock Box Agreements with respect to each of the Lock-Box Accounts in the United States, duly executed by all of the parties thereto; provided, however that with respect to the Lock Box Agreement with PNC Bank, National
Association, Borrower shall have thirty (30) days after the Closing Date to deliver such Lock Box Agreement to the Administrator. 

Section 7.1.13. Releases. Releases and termination statements duly executed by each Person, other than the
Borrower, that has an interest in the Receivables. 
 Section 7.1.14. Reaffirmation, Acknowledgment and
Consent of Performance Guarantor. Execution by the Performance Guarantor of its reaffirmation, acknowledgment and consent in the signature pages hereto. 

Section 7.1.15. 2009 Financial Statements. A copy of the unaudited balance sheet of the Borrower as at
December 31, 2009, together with the related statement of earnings for the fiscal year then ended, certified by an Authorized Officer of the Borrower (which certification shall state that such balance sheet and statement or earnings fairly
present the financial condition and results of operations for such year in accordance with GAAP except for the absence of footnotes). 

Section 7.1.16. 2009 Servicing Certificate. A certificate signed by any Authorized Officer of the Servicer,
stating that (a) a review of the activities of the Servicer under this Agreement during the fiscal year ended December 31, 2009 has been made under such officer’s supervision and (b) to the best of such officer’s knowledge,
based on such review, the Servicer has fulfilled in all material respects its obligations under the Agreement throughout such fiscal year and has complied in all material respects with the Credit and Collection Policy, or, if there has been a
material failure to fulfill any such obligation, specifying the nature and status thereof. 

Section 7.1.17. Other. Such other documents, certificates and opinions as any of the Administrator may
reasonably request. 
 Section 7.2. All Advances . The making of each Advance, including without limitation, the
initial Advance, is subject to the conditions precedent that: 
 Section 7.2.1. No Default, etc.
(i) No Significant Event or Unmatured Significant Event has occurred and is continuing or will result from the making of such Advance, (ii) the representations and warranties contained in Article VIII are true and correct in all
material respects as of the date of such requested Advance, with the same effect as though made on the date of such Advance (provided that the materiality threshold in this clause (ii) shall not be applicable with respect to any
representation or warranty which itself contains a materiality threshold), and (iii) after giving effect to such Advance, the aggregate unpaid balance of the Advances will not exceed the Borrowing

  

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Base or the Facility Limit. By making a Borrowing Request, the Borrower shall be deemed to have represented and warranted that items (i), (ii) and (iii) in the preceding sentence are
true and correct. 
 Section 7.2.2. Borrowing Request, etc. The Administrator shall have received a
Borrowing Request for such Advance in accordance with Section 2.2, together with all items required to be delivered in connection therewith. 

Section 7.2.3. Commitment Termination Date. The Commitment Termination Date shall not have occurred.

 Section 7.2.4. Accounts. Each of the Lock-Box Accounts shall be in the Borrower’s name. The
Lock-Box Accounts shall be subject to valid and perfected first priority security interest in favor of the Administrator for the benefit of the Secured Parties. 

ARTICLE VIII 

REPRESENTATIONS AND WARRANTIES 

In order to induce the Lenders and the Administrator to enter into this Agreement and, in the case of each Lender, to make Loans
hereunder, the Borrower hereby represents and warrants to the Administrator and the Lenders as to itself as follows, and the Servicer hereby represents and warrants to the Administrator and the Lenders as to itself as follows: 

Section 8.1. Existence and Power. (a) The Borrower is a limited liability company duly formed under the laws of the
State of Delaware. The Borrower is validly existing and in good standing under the laws of its state of organization and is duly qualified to do business and is in good standing as a foreign corporation, and has and holds all power and all
governmental licenses, authorizations, consents and approvals required to carry on its business in each jurisdiction in which its business is conducted except where the failure to so qualify or so hold could not reasonably be expected to have a
Material Adverse Effect. 
 (b) The Servicer is a corporation duly organized under the laws of the State of Delaware. The
Servicer is validly existing and in good standing under the laws of its state of organization and is duly qualified to do business and is in good standing as a foreign corporation, and has and holds all power and all governmental licenses,
authorizations, consents and approvals required to carry on its business in each jurisdiction in which its business is conducted except where the failure to so qualify or so hold could not reasonably be expected to have a Material Adverse Effect.

 Section 8.2. Power and Authority; Due Authorization, Execution and Delivery. (a) The execution and delivery
by each of the Borrower of this Agreement and each other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder, and the Borrower’s use of the proceeds of the Loans made hereunder, are
within its powers and authority and have been duly authorized by all necessary corporate action on its part. This Agreement and each other Transaction Document to which the Borrower is a party has been duly executed and delivered by the Borrower.

  

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 (b) The execution and delivery by each of the Servicer of this Agreement and each other
Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder. This Agreement and each other Transaction Document to which the Servicer is a party has been duly executed and delivered by the Servicer.

 Section 8.3. No Conflict. (a) The execution and delivery by each of the Borrower of this Agreement and each
other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder do not contravene or violate (i) its Organizational Documents, (ii) any law, rule or regulation applicable to it,
(iii) any restrictions under any agreement, contract or instrument to which it is a party or by which it or any of its property is bound, or (iv) any order, writ, judgment, award, injunction or decree binding on or affecting it or its
property, and do not result in the creation or imposition of any Adverse Claim on its assets (except as created under the Transaction Documents) except, in any case set forth in (i) – (iv) above, where such contravention or violation
could not reasonably be expected to have a Material Adverse Effect. No transaction contemplated hereby requires compliance with any bulk sales act or similar law other than compliance, if required, with any notice requirements which are satisfied
prior to the Closing Date. 
 (b) The execution and delivery by each of the Servicer of this Agreement and each other
Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder do not contravene or violate (i) its Organizational Documents, (ii) any law, rule or regulation applicable to it, (iii) any
restrictions under any agreement, contract or instrument to which it is a party or by which it or any of its property is bound, or (iv) any order, writ, judgment, award, injunction or decree binding on or affecting it or its property, and do
not result in the creation or imposition of any Adverse Claim on its assets (except as created under the Transaction Documents) except, in any case set forth in (i) – (iv) above, where such contravention or violation could not
reasonably be expected to have a Material Adverse Effect. 
 Section 8.4. Governmental Authorization. (a) Other
than the filing of the financing statements required hereunder, no authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is required for the due execution and delivery by the
Borrower of this Agreement and each other Transaction Document to which it is a party and the performance of its obligations hereunder and thereunder. 

(b) No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is
required for the due execution and delivery by the Servicer of this Agreement and each other Transaction Document to which it is a party and the performance of its obligations hereunder and thereunder. 

Section 8.5. Actions, Suits. (a) There is no litigation, arbitration, governmental investigation, proceeding or inquiry
pending or, to the actual knowledge of any of the Borrower’s Authorized Officers, threatened against or affecting the Borrower or any of its Subsidiaries that, if adversely determined, could reasonably be expected to have a Material Adverse
Effect or which seeks to prevent, enjoin or delay the making or repayment of any Loans. 
  

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 (b) There is no litigation, arbitration, governmental investigation, proceeding or inquiry
pending or, to the actual knowledge of any of the Servicer’s Authorized Officers, threatened against or affecting the Servicer or any of its Subsidiaries that, if adversely determined, could reasonably be expected to have a Material Adverse
Effect or which seeks to prevent, enjoin or delay the making or repayment of any Loans. 
 Section 8.6. Binding
Effect. (a) This Agreement and each other Transaction Document to which the Borrower is a party constitute the legal, valid and binding obligations of the Borrower, as the case may be, enforceable against it in accordance with their
respective terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by general principles of equity (regardless of
whether enforcement is sought in a proceeding in equity or at law). 
 (b) This Agreement and each other Transaction Document to
which the Servicer is a party constitute the legal, valid and binding obligations of the Servicer, as the case may be, enforceable against it in accordance with their respective terms, except as such enforcement may be limited by applicable
bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law). 

Section 8.7. Accuracy of Information. (a) All Borrower Representations and Borrower Financial Statements and, as
applicable, Notices of Significant Event, Procedure Review Reports and Additional Information Reports shall be complete and correct and fairly present the information contained therein in all material respects as of the date made, reported, or
certified, as applicable (provided that the foregoing materiality threshold shall not be applicable with respect to any representation or warranty which itself contains a materiality threshold), and do not contain any material misstatement of
fact as of such date or omit to state a material fact or any fact necessary to make the information contained therein, taken as a whole with all other written information provided by Authorized Officers as of such date, not misleading as of such
date. 
 (b) All Servicer Representations, Servicer Financial Statements, Monthly Reports and Servicing Reports and, as
applicable, Notices of Significant Event, Procedures Review Reports and Additional Information Reports shall be complete and correct and fairly present the information contained therein in all material respects as of the date made, reported, or
certified, as applicable (provided that the foregoing materiality threshold shall not be applicable with respect to any representation or warranty which itself contains a materiality threshold), and do not contain any material misstatement of
fact as of such date or omit to state a material fact or any fact necessary to make the information contained therein, taken as a whole with all other written information provided by Authorized Officers as of such date, not misleading as of such
date. 
  

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 Section 8.8. Margin Regulations; Use of Proceeds. The Borrower is not engaged in
the business of extending credit for the purpose of purchasing or carrying margin stock, and no proceeds of any Loans, directly or indirectly, will be used for a purpose that violates, or would be inconsistent with, Regulations T, U and X
promulgated by the Federal Reserve Board from time to time. No portion of the proceeds of any Loan hereunder will be used for a purpose that violates, or would be inconsistent with, any other law, rule or regulation applicable to the Borrower.

 Section 8.9. Good Title. The Borrower, upon each transfer of Receivables pursuant to the Receivables Contribution
and Sale Agreement, is the legal and beneficial owner of the Receivables and the Related Security with respect thereto, or possesses a valid and perfected security interest therein, in each case, free and clear of any Adverse Claim, except as
created by the Transaction Documents. There have been duly filed all financing statements or other similar instruments or documents necessary under the UCC of all appropriate jurisdictions to perfect the Borrower’s ownership interest in each
such Receivable, its Collections and the Related Security. 
 Section 8.10. Perfection. The Borrower represents and
warrants that this Agreement is effective to create a valid security interest in the Collateral in favor of the Administrator, for the benefit of the Secured Parties. There have been duly filed all financing statements or other similar instruments
or documents necessary under the UCC (or any comparable law) of all appropriate jurisdictions to perfect the Administrator’s security interest, for the benefit of the Secured Parties, in the Collateral. The Collateral is free of any Adverse
Claim except as created or permitted under the Transaction Documents. 
 Section 8.11. Places of Business and Locations
of Records. (a) The principal place of business and headquarters of the Borrower is located at its address referred to on Schedule 15.3 to this Agreement (or at such other locations, notified to the Administrator in jurisdictions where
all action required to perfect or maintain the perfection of the Administrator’s security interest in Collateral has been taken). The Borrower’s Federal Employer Identification Number is 25-1406546. 

(b) The principal place of business and chief executive office of the Servicer is located at its address referred to on
Schedule 15.3 to this Agreement. 
 Section 8.12. Accounts. (a) The Borrower represents and warrants that
(i) Schedule 8.12 hereto is a complete and accurate listing, as of the Closing Date, of the Lock-Boxes and Lock-Box Accounts, and (ii) each of the Lock-Box Accounts has been established in, or transferred into, the Borrower’s name.
The Borrower has not granted any interest in any Lock-Box or Lock-Box Account to any Person other than the Administrator, and the Administrator has exclusive control of the Lock-Box Accounts, subject to the Servicer’s right of access to such
accounts as provided herein and in the applicable Lock-Box Agreements. 
 (b) The Servicer represents and warrants that the
Servicer has not granted any interest in any Lock-Box or Lock-Box Account to any Person other than the Administrator, and the Administrator has exclusive control of the Lock-Box Accounts, subject to the Servicer’s right of access to such
accounts as provided herein and in the applicable Lock-Box Agreements. 
  

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 Section 8.13. No Material Adverse Effect. There has been no Material Adverse
Effect since the last day of its fiscal year as to which financial statements have most recently been delivered pursuant to Section 9.1.5(a). 

Section 8.14. Names. The name in which the Borrower has executed this Agreement on the Closing Date is identical to the name
of the Borrower as indicated on the public record of the State of Delaware on the Closing Date. As of the Closing Date, the Borrower has not used any legal name, trade name or assumed name other than the name in which it has executed this Agreement.

 Section 8.15. Ownership of the Borrower; No Subsidiaries. All of the issued and outstanding equity interests of
the Borrower are owned beneficially and of record by Sunbeam, free and clear of any Adverse Claim. Such equity interests are validly issued, fully paid and nonassessable, and there are no options, warrants or other rights to acquire securities of
the Borrower. The Borrower has no Subsidiaries. 
 Section 8.16. Not an Investment Company. (a) The Borrower is
not an “investment company” within the meaning of the Investment Company Act of 1940, as amended, or any successor statute. 

(b) The Servicer is not an “investment company” within the meaning of the Investment Company Act of 1940, as amended, or
any successor statute. 
 Section 8.17. Compliance with Credit and Collection Policy. (a) The Borrower has
complied in all material respects with the Credit and Collection Policy with regard to each Receivable and the related Contract. No change or amendment has been made to the Credit and Collection Policy except in accordance with Section 9.2.3.

 (b) The Servicer has complied in all material respects with the Credit and Collection Policy with regard to each Receivable
and the related Contract. No change or amendment has been made to the Credit and Collection Policy except in accordance with Section 9.2.3. 

Section 8.18. Solvency. Both before and after giving effect to each Advance, the Borrower is Solvent. 

Section 8.19. Eligible Receivables. Each Receivable included in the Monthly Report as an Eligible Receivable is, as of the
date of such Monthly Report, an Eligible Receivable. 
 Section 8.20. Sales by Originators. Each sale of Receivables
by an Originator to the Borrower shall have been effected under, and in accordance with the terms of, the Receivables Contribution and Sale Agreement, including the payment by the Borrower to the applicable Originator of the purchase price therefor
as provided in the Receivables Contribution and Sale Agreement, and each such sale shall have been made for “reasonably equivalent value” (as such term is used under § 548 of the Bankruptcy Code) and not for or on account of
“antecedent debt” (as such term is used under § 547 of the Bankruptcy Code) owed by the Borrower to any Originator. 
  

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 Section 8.21. Ordinary Course of Business. Each remittance of Collections by the
Borrower to the Administrator or the Lenders under this Agreement is (i) in payment of a debt incurred by the Borrower in the ordinary course of its business or financial affairs and (ii) made in the ordinary course of its business or
financial affairs. 
 Section 8.22. [Reserved.]. 

Section 8.23. Receivables as Accounts. The Receivables constitute “accounts” within the meaning of the UCC.

 Section 8.24. Security Interest. This agreement creates a valid and continuing security interest (as defined in
the UCC) in the Collateral in favor of the Administrator (for the benefit of the Secured Parties), which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers of Borrower. 

Section 8.25. Priority. Other than the security interest granted to the Administrator (for the benefit of the Secured
Parties), Borrower has not pledged, assigned, sold granted a security interest in, or otherwise conveyed any of the Collateral. Borrower has not authorized the filing of and is not aware of any financing statements against Borrower that include a
description of collateral covering the Collateral other than any financing statement (i) relating to the security interest granted to Administrator (for the benefit of the Secured Parties), hereunder or under the Existing Agreement, or
(ii) that has been terminated. 
 ARTICLE IX 

COVENANTS OF BORROWER AND SERVICER 

Section 9.1. Affirmative Covenants. From the date hereof until the first day, following the Commitment Termination Date, on
which all Obligations shall have been finally and fully paid and performed (other than contingent obligations as to which no unsatisfied claim has been asserted), each of the Borrower and the Servicer hereby covenants and agrees with the
Administrator and the Lenders as to itself, as follows: 
 Section 9.1.1. Compliance with Laws, Etc.
(a) The Borrower will comply in all material respects with all applicable laws, rules, regulations and orders of all governmental authorities (including those which relate to the Receivables), except where the failure to so comply could not
reasonably be expected to have a Material Adverse Effect. 
 (b) The Servicer will comply in all material
respects with all applicable laws, rules, regulations and orders of all governmental authorities (including those which relate to the Receivables), except where the failure to so comply could not reasonably be expected to have a Material Adverse
Effect. 
 Section 9.1.2. Preservation of Legal Existence. (a) The Borrower will preserve and
maintain its existence, rights, franchises and privileges in the jurisdiction of its 
  

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organization, and qualify and remain qualified in good standing as a foreign entity in the jurisdiction where its principal place of business and its chief executive office are located (to the
extent its ownership, lease or operation of property or the conduct of its business requires such qualification) and in each other jurisdiction where the failure to preserve and maintain such existence, rights, franchises, privileges and
qualifications would have a Material Adverse Effect. 
 (b) The Servicer will preserve and maintain its
existence, rights, franchises and privileges in the jurisdiction of its organization, and qualify and remain qualified in good standing as a foreign entity in the jurisdiction where its principal place of business and its chief executive office are
located (to the extent its ownership, lease or operation of property or the conduct of its business requires such qualification) and in each other jurisdiction where the failure to preserve and maintain such existence, rights, franchises, privileges
and qualifications would have a Material Adverse Effect. 
 Section 9.1.3. Performance and Compliance
with Receivables. (a) The Borrower will timely perform and comply in all material respects with all provisions, covenants and other promises required to be observed by it under the Receivables and all other agreements related to such
Receivables (but only to the extent where there would not be an adverse effect on the Receivables). 
 (b) The
Servicer will timely perform and comply in all material respects with all provisions, covenants and other promises required to be observed by it under the Receivables and all other agreements related to such Receivables (but only to the extent where
there would not be an adverse effect on the Receivables). 
 Section 9.1.4. Credit and Collection
Policy. (a) The Borrower will comply in all material respects with the Credit and Collection Policy. 

(b) The Servicer will comply in all material respects with the Credit and Collection Policy. 

Section 9.1.5. Reporting Requirements. 

(a) Financial Statements. (i) The Borrower will furnish to the Administrator for distribution to the Lenders
within 90 days after the close of each of its fiscal years, a copy of the unaudited balance sheet of the Borrower, in each case, as at the end of such year, together with the related statement of earnings for such year, certified by an
Authorized Officer of the Borrower (which certification shall state that such balance sheet and statement or earnings fairly present the financial condition and results of operations for such year in accordance with GAAP except for the absence of
footnotes); 
 (ii) The Servicer will furnish to the Administrator for distribution to the Lenders within
90 days after the close of each of Jarden’s fiscal years, annual audited consolidated financial statements for Jarden and its Consolidated Subsidiaries, including a consolidated balance sheet as of the end of such period, related statement
of 
  

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consolidated income, statement of consolidated shareowners’ equity, and statement of cash flows, setting forth in each case in comparative form the figures for such fiscal year and the
previous fiscal year, all prepared in accordance with GAAP, accompanied by audit report of independent certified public accountants of recognized national standing or otherwise acceptable to the Administrator (which report shall be unqualified as to
going concern and scope of audit); and 
 (iii) The Servicer will furnish to the Administrator for distribution
to the Lenders within 45 days after the close of the first three quarterly periods of each of its fiscal years, unaudited consolidated financial statements for Jarden and its Consolidated Subsidiaries, including a consolidated balance sheet as
of the end of such period, related statement of consolidated income and statement of cash flows, all prepared in accordance with GAAP, for the period from the beginning of such fiscal year to the end of such quarter, setting forth in the case of
such statements of income and cash flows in comparative form the figures for the corresponding quarter and the corresponding portion of Jarden’ previous fiscal year. 

Notwithstanding anything to the contrary, the Borrower and the Servicer shall be deemed to have complied with the delivery
requirements under this Section 9.1.5(a) by making publicly available the required documents through Jarden’s website at www.jarden.com, or at www.sec.gov or other publicly available electronic medium and providing the hyperlink or other
appropriate internet address information for obtaining such information; provided that the Borrower and the Servicer shall deliver paper copies of any statements, reports, financial statements and other information referred to in this
Section 9.1.5(a) to the Administrator promptly upon request following such filing. 
 (b) Monthly
Reports. (A) On or before each Monthly Reporting Date, the Servicer shall prepare and deliver to the Administrator for distribution to the Lenders a Monthly Report as of the most recent Calculation Date; and (B) (x) on or before
the last Business Day of each month, the Servicer shall prepare and deliver to the Administrator for distribution to the Lenders a Mid-Monthly Report as of the 15th day of each month or (y) at any time that the Servicer and its Subsidiaries is
rated below “B2” by Moody’s or “B” by S&P, on or before the 5th day of each week (or, if any such date is not a Business Day, the next succeeding Business Day), the Servicer shall prepare and deliver to the Administrator
for distribution to the Lenders a Mid-Monthly Report as of the 5th day of the preceding week. 
 (c)
Significant Events. As soon as possible but in any event within three (3) Business Days after any Authorized Officer of the Borrower or the Servicer becomes aware of the occurrence of a Significant Event or an Unmatured Significant
Event, the Borrower or the Servicer, as the case may be, will deliver to the Administrator for distribution to the Lenders a written notice setting forth details of such event and the action that the Borrower or the Servicer, as the case may be,
proposes to take with respect thereto. 
  

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 (d) Servicing Certificate. The Servicer shall deliver, or cause to be
delivered, to the Administrator for distribution to the Lenders, on or before the date that is 90 days after the end of each fiscal year, a certificate signed by any Authorized Officer of the Servicer, stating that (a) a review of the
activities of the Servicer under this Agreement during the fiscal year immediately preceding has been made under such officer’s supervision and (b) to the best of such officer’s knowledge, based on such review, the Servicer has
fulfilled in all material respects its obligations under the Agreement throughout such fiscal year and has complied in all material respects with the Credit and Collection Policy, or, if there has been a material failure to fulfill any such
obligation, specifying the nature and status thereof. 
 (e) Procedures Review. In connection with an
inspection permitted under Section 9.1.11, within twenty (20) Business Days after receipt of written request therefor, information reasonably required to generate a report which reasonably satisfies the requirements set forth on
Schedule 9.1.5, as such Schedule 9.1.5 may be modified from time to time in good faith by the Lenders with the Borrower’s consent (such consent not to be unreasonably withheld) (each such report, a “Procedures Review
Report”). 
 (f) Compliance Certificate. On each date of the delivery of a Compliance Certificate
under and as defined in the Jarden Credit Agreement, the Servicer shall furnish a copy of such Compliance Certificate to the Administrator for distribution to the Lenders. 

(g) Appointment of Independent Manager. The Servicer and the Borrower shall notify the Administrator of any
decision to appoint a new director of the Borrower as the “Independent Manager” for purposes of this Agreement, such notice to be issued not less than ten (10) days prior to the effective date of such appointment and to certify that
the designated Person satisfies the criteria set forth in the definition herein of “Independent Manager.” 

(h) Other. Promptly, from time to time, such other information, documents, records or reports respecting the
Collateral, the Receivables or the condition or operations, financial or otherwise, of the Borrower or any Originator as any of the Administrator may from time to time reasonably request in order to protect the interests of the Administrator, on
behalf of the Secured Parties, under or as contemplated by this Agreement or the other Transaction Documents. 

Section 9.1.6. Use of Proceeds. The Borrower will use the proceeds of the Loans made hereunder solely in
connection with the acquisition or funding of Receivables and to make dividends in accordance with applicable corporate law and this Agreement. 

Section 9.1.7. Separate Legal Entity. The Borrower hereby acknowledges that the Lenders and the Administrator
are entering into the transactions contemplated by this Agreement and the other Transaction Documents in reliance upon the Borrower’s identity as a legal entity separate from any other Person. Therefore, from and after the date

  

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hereof, the Borrower shall take all reasonable steps to continue the Borrower’s identity as a separate legal entity and to make it apparent to third Persons that the Borrower is an entity
with assets and liabilities distinct from those of any other Person, and is not a division of any Originator or other Person. Without limiting the generality of the foregoing and in addition to and consistent with the covenant set forth in
Section 9.1.2, the Borrower shall take such actions as shall be required in order that: 
 (a) The Borrower
will be a limited purpose company whose primary activities are restricted in its Organizational Documents to owning the Receivables and Related Security and financing the acquisition thereof and conducting such other activities as it deems necessary
or appropriate to carry out its primary activities; 
 (b) Not less than one member of the Borrower’s Board
of Managers shall be an Independent Manager. The Organizational Documents of the Borrower shall provide that (A) the affirmative vote of the Independent Manager before the Borrower may (1) file a voluntary petition under Section 301
of the Bankruptcy Code, (2) dissolve or liquidate, or institute proceedings to be adjudicated bankrupt or insolvent, (3) institute or consent to the institution of bankruptcy or insolvency proceedings against it, (4) file a petition
seeking or consent to reorganization or relief under any applicable federal or state law relating to bankruptcy or insolvency, (5) seek or consent to the appointment of a receiver, liquidator, assignee, trustee, sequestrator, custodian or any
similar official for the Borrower, (6) make any assignment for the benefit of the Borrower’s creditors, (7) admit in writing its inability to pay its debts generally as they become due, or (8) take any action in furtherance of
any of the foregoing, and (B) the Borrower to maintain correct and complete books and records of account and minutes of the meetings and other proceedings of its stockholders and board of directors; 

(c) Any employee, consultant, or agent of the Borrower will be compensated from funds of the Borrower, as appropriate, for
services provided to the Borrower; 
 (d) The Borrower will allocate and charge fairly and reasonably overhead
expenses shared with any other Person. To the extent, if any, that the Borrower and any other Person share items of expenses such as legal, auditing and other professional services, such expenses will be allocated to the extent practical on the
basis of actual use or the value of services rendered, and otherwise on a basis reasonably related to the actual use or the value of services rendered; the Borrower’s operating expenses will not be paid by any other Person except as permitted
under the terms of this Agreement or otherwise consented to by the Administrator; 
 (e) The Borrower’s
books and records will be maintained separately from those of any other Person; 
  

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 (f) All audited financial statements of any Person that are consolidated to
include the Borrower will contain detailed notes clearly stating that (A) the Receivables have been sold to the Borrower, and (B) the Borrower is a separate legal entity; 

(g) The Borrower’s assets will be maintained in a manner that facilitates their identification and segregation from
those of any other Person; 
 (h) The Borrower will strictly observe corporate formalities in its dealings with
all other Persons, and funds or other assets of the Borrower will not be commingled with those of any other Person; and 

(i) Any Person that renders or otherwise furnishes services to the Borrower will be compensated thereby at market rates
for such services it renders or otherwise furnishes thereto. The Borrower will not hold itself out to be responsible for the debts of any other Person or the decisions or actions respecting the daily business and affairs of any other Person.

 Section 9.1.8. Adverse Claims on Receivables. Each of the Borrower and the Servicer will, and will
require each Originator to, defend each Receivable against all claims and demands of all Persons at any time claiming the same or any interest therein adverse to the Administrator’s security interest, on behalf of the Secured Parties.

 Section 9.1.9. Further Assurances. At its expense, each of the Borrower and the Servicer will
perform all acts and execute all documents reasonably requested by any of the Administrator at any time to evidence, perfect, maintain and enforce the title or the security interest of the Administrator, on behalf of the Secured Parties, in the
Receivables and the priority thereof. Each of the Borrower and the Servicer will, at the reasonable request of the Administrator, execute and deliver financing statements relating to or covering the Collateral and, where permitted by law, the
Borrower shall authorize the Administrator to file one or more financing statements without the Borrower’s signature. The Borrower shall, and shall cause each Originator to, mark its master data processing records relating to the Receivables
with a legend stating that the Receivables have been sold or contributed to Jarden Receivables, LLC, and a security interest therein has been granted to SunTrust Robinson Humphrey, Inc., as Administrator for various parties. 

Section 9.1.10. Servicing. The Servicer shall (a) pursue collection of the Receivables as vigorously as
it would pursue collection of its own financial assets, and (b) follow such practices and procedures for servicing the Receivables, in accordance with the Credit and Collection Policy, as would be customary and usual for a prudent servicer
under similar circumstances, including using commercially reasonable efforts to realize upon any recourse to the Obligors. 

Section 9.1.11. Inspection. Each of the Borrower and the Servicer shall permit the Administrator and their
duly authorized representatives, attorneys or auditors to inspect the Receivables and the associated Receivable Files, Documents, accounts, 

 

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records and computer systems, software and programs used or maintained by the Borrower, the Servicer or by such Originators as Administrator may reasonably request, at such times as the
Administrator may reasonably request; provided, however, that prior to the occurrence of a Significant Event, there shall be one (1) inspection during each (12) month period after the date hereof and, in each case, all reasonable
costs and expenses of each such inspection shall be borne by the Borrower and the Servicer. Each of the Borrower and the Servicer shall provide any document in its possession (or a copy thereof) related to any Receivable (other than confidential
financial information of the related Obligor which the Borrower, any Originator, or the Servicer is not authorized to disclose) to the Administrator or to the Servicer, if reasonably requested by the Administrator. 

Section 9.1.12. Cooperation. Each of the Borrower and the Servicer shall provide such cooperation, information
and assistance, and prepare and supply the Administrator with such data regarding the performance by the Obligors of their obligations under the Receivables and the performance by the Borrower and the Servicer of their respective obligations under
the Transaction Documents, as may be reasonably requested by any of the Administrator from time to time. 

Section 9.1.13. Facility. The Servicer shall (and shall require any Originator acting as a sub-Servicer to)
maintain adequate facilities for the servicing of Receivables. The Servicer shall make, or shall require the relevant Originator to make, all required property tax payments, lease payments and all other required payments with respect to such
facility. The Servicer shall, in connection with any inspection under Section 9.1.11 and at all times following the occurrence and during the continuance of any Significant Event, (i) ensure that the Administrator shall have complete
access (which shall be unrestricted to the extent such access does not materially impede or materially interfere with the Servicer’s operations) during regular business hours, at the Servicer’s expense, to such facility and all computers
and other systems relating to the servicing of the Receivables and all persons employed at such facility, (ii) use its commercially reasonable efforts to retain employees based at such facility to provide assistance to the Administrator, and
(iii) continue to store on a daily basis all back-up files relating to the Receivables and the servicing of the Receivables at the Servicer’s facilities, or such other storage facility of similar quality, security and safety as the
Servicer may select from time to time. 
 Section 9.1.14. Accounts. The Borrower shall not maintain
any bank accounts other than the accounts described on Schedule 8.12. Neither the Borrower nor the Servicer shall make, nor will either of them permit any Originator to make, any change in its instructions to Obligors regarding payments to be
made to a Lock-Box. Neither the Borrower nor the Servicer will, nor will either of them permit any Originator to add any Lock-Box Account Bank or Lock Box Account to those listed on Schedule 8.12 unless the Administrator shall have consented
thereto and received a copy of any new duly executed Lock-Box Account Agreement. Neither the Borrower nor the Servicer will, nor will either of them permit any Originator to, change any Lock-Box Account Bank or close any Lock-Box or Lock-Box Account
unless the Administrator shall have received 
  

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at least thirty (30) days’ prior notice of such termination and (i) in the case of a closed Lock-Box, all applicable Obligors have been notified to make payments to another
Lock-Box that clears through a Lock-Box Account which is subject to a Lock-Box Account Agreement, or (ii) in the case of termination of a Lock-Box Bank or closing of a Lock-Box Account, a new Lock-Box Account Agreement is entered into with
respect to any new or replacement Lock-Box Account or Lock-Box Account Bank. 
 Section 9.2. Negative Covenants.
From the date hereof until the first day, following the Commitment Termination Date, on which all Obligations shall have been finally and fully paid and performed (other than contingent obligations as to which no unsatisfied claim has been
asserted), each of the Borrower and the Servicer hereby covenants and agrees as to itself as follows: 

Section 9.2.1. Sales, Liens, Etc. Except pursuant to, or as contemplated by, the Transaction Documents, the
Borrower shall not (and shall not permit the Servicer, acting on the Borrower’s behalf to) sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist voluntarily or involuntarily any Adverse Claims
upon or with respect to any of the Borrower’s assets, including, without limitation, the Collateral, any interest therein or any right to receive any amount from or in respect thereof. 

Section 9.2.2. Mergers, Acquisitions, Sales, Subsidiaries, Etc. The Borrower shall not: 

(a) be a party to any merger or consolidation, or directly or indirectly purchase or otherwise acquire all or
substantially all of the assets or any stock of any class of, or any partnership or joint venture interest in, any other Person, except for Permitted Investments, or sell, transfer, assign, convey or lease any of its property and assets (or any
interest therein) other than pursuant to, or as contemplated by, this Agreement or the other Transaction Documents; 

(b) make, incur or suffer to exist an investment in, equity contribution to, loan or advance to, or payment obligation in
respect of the deferred purchase price of property from, any other Person, except for Permitted Investments or pursuant to the Transaction Documents; 

(c) create any direct or indirect Subsidiary or otherwise acquire direct or indirect ownership of any equity interests in
any other Person other than pursuant to the Transaction Documents; or 
 (d) enter into any transaction with any
Affiliate except for the transactions contemplated by the Transaction Documents and other transactions upon fair and reasonable terms materially no less favorable to the Borrower than would be obtained in a comparable arm’s length transaction
with a Person not an Affiliate. 
  

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 Section 9.2.3. Change in Business; Change in Credit and Collection
Policy. The Borrower will not make any change in the character of its business. Neither the Borrower nor the Servicer will make any change in the Credit and Collection Policy except (i) to the extent such change or amendment would not be
reasonably likely to materially and adversely affect the collectibility of Receivables or to materially decrease the credit quality of any newly created Receivables or (ii) to the extent such change or amendment has been consented to by the
Borrower and the Lenders (such consent by the Lenders not to be unreasonably withheld or delayed). 

Section 9.2.4. Other Debt. The Borrower will not incur any Debt to any Person other than pursuant to the
Transaction Documents. 
 Section 9.2.5. Organizational Documents. Except as may be required by
applicable law or by applicable rule, regulation or order by any Governmental Authority, the Borrower shall not amend its Organizational Documents. 

Section 9.2.6. Jurisdiction of Organization; Location of Records. The Borrower shall not change its
jurisdiction of organization or permit the documents and records evidencing the Receivables to be moved unless (i) the Borrower or the Servicer, as the case may be, shall have given to the Administrator prior written notice thereof, clearly
describing the new location, and (ii) the Borrower shall have taken such action, satisfactory to the Administrator, to maintain the title or ownership of the Borrower and any security interest of the Administrator, for the benefit of the
Secured Parties, in the Collateral at all times fully perfected and in full force and effect. Except for servicing and collection activities performed at the locations of Originators appointed as sub-Servicers pursuant to Section 11.2.2(c), the
Servicer shall not, in any event, move the location where it conducts the servicing and collection of the Receivables from the address referred to on Schedule 15.3 to this Agreement, without the prior written consent of the Administrator, which
consent shall not be unreasonably withheld or delayed. 
 Section 9.2.7. Financing Statements. The
Borrower shall not execute any effective financing statement (or similar statement or instrument of registration under the laws of any jurisdiction) or financing statements relating to any Receivables other than the financing statements described in
Section 7.1.5. 
 Section 9.2.8. Business Restrictions. The Borrower shall not (i) engage
in any business other than the acquisition, financing and collection of Receivables and other Collateral as permitted by its Organizational Documents, (ii) engage in any transactions or be a party to any documents, agreements or instruments,
other than the Transaction Documents and those incidental to the purposes thereof, or (iii) incur any trade payables (other than for professional fees incurred in the ordinary course of business) or other liabilities (excluding liabilities
incurred under and pursuant to the Transaction Documents and excluding the Obligations and Debt permitted under Section 9.2.4) if the aggregate outstanding balance of such trade payables and other liabilities would at any time equal $12,300 or
more in the aggregate, provided, however, that the foregoing will not restrict the Borrower’s ability to pay servicing compensation as provided herein, and, provided, 

 

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further, that so long as no Significant Event or Unmatured Significant Event shall have occurred and be continuing and the Borrower’s net worth (determined in accordance with GAAP)
after giving effect thereto, is at least $10,000,000, the Borrower shall be permitted to make distributions to its equity owners to the extent permitted by applicable law and this Agreement. 

Section 9.2.9. Other Agreements; Performance Undertaking. The Borrower will not amend, restate, supplement,
cancel, terminate or otherwise modify the Receivables Contribution and Sale Agreement or the Performance Undertaking, or give any consent, waiver, directive or approval thereunder or waive any default, action, omission or breach under any of the
foregoing or otherwise grant any indulgence thereunder, without (in each case) the prior written consent of the Administrator and each Lender. The Borrower hereby reaffirms the Performance Undertaking and the Intercreditor Agreement. 

Section 9.2.10. Maintenance of Ownership and Perfection. Borrower will take all necessary action to maintain
the perfected security interest of the Administrator (for the benefit of the Secured Parties) in and to the Collateral, free and clear of any Liens other than Liens in favor of the Administrator (including, without limitation, the
filing of all financing statements or other similar instruments or documents necessary under the UCC (or any comparable law) of all appropriate jurisdictions to perfect the Administrator’s interest in the Collateral and such other action to
perfect, protect or more fully evidence the interest of the Administrator as the Administrator may reasonably request). 

ARTICLE X 

SIGNIFICANT EVENTS AND THEIR EFFECT 

Section 10.1. Events of Default. Each of the following shall constitute an “Event of Default” under this
Agreement: 
 Section 10.1.1. Non-Payment of Loans, Etc. The Borrower shall fail to make any payment
of any Obligation payable by the Borrower hereunder or under the other Transaction Documents, including, without limitation, any principal, interest, Fees and Indemnified Amounts (but exclusive of prepayments required by Section 4.1(d)), or
shall fail to make a deposit (if any) that is required to be made hereunder when due and, in each of the foregoing cases, such failure shall continue for the lesser of (x) the cure period, if any, set forth in the specific provision requiring
such payment or deposit or (y) two (2) Business Days. 
 Section 10.1.2. Non-Compliance with
Other Provisions. The Borrower shall: 
 (a)(A) fail to perform or observe any covenant contained in
Section 9.1.5(f) of this Agreement and such failure shall continue for seven (7) Business Days or (B) fail to perform or observe any covenant contained in Section 9.1.5(c) of this Agreement, 

 

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 (b) fail to perform or observe any covenant contained in Section 9.2 of
this Agreement, and such failure shall continue for three (3) Business Days, or 
 (c) fail to perform or
observe any other term, covenant or agreement contained in this Agreement or any other Transaction Document on its part to be performed or observed and, except as provided in Section 10.2.2, any such failure shall remain unremedied for thirty
(30) days. 
 Section 10.1.3. Breach of Representations and Warranties. Any representation,
warranty, certification or statement made by the Borrower in this Agreement, any other Transaction Document to which the Borrower is a party or in any other document delivered pursuant hereto or thereto shall prove to have been incorrect in any
material respect when made or deemed made; provided that the materiality threshold in the preceding clause shall not be applicable with respect to any representation or warranty which itself contains a materiality threshold. 

Section 10.1.4. Bankruptcy. An Event of Bankruptcy shall have occurred and remained continuing with respect to
the Borrower or any of its Affiliates. 
 Section 10.1.5. Tax and ERISA Liens. The Internal Revenue
Service shall file notice of a lien pursuant to § 6323 of the Internal Revenue Code with regard to any of the assets of the Borrower or the Pension Benefit Guaranty Corporation shall file a notice of lien pursuant to § 4068 of
ERISA, with regard to any assets of the Borrower, and in either of the foregoing cases, such lien shall not have been released within fifteen (15) Business Days. 

Section 10.2. Amortization Events. Each of the following shall constitute an “Amortization Event” under this
Agreement: 
 Section 10.2.1. Servicer Event of Default. A Servicer Event of Default shall have
occurred and remained continuing. 
 Section 10.2.2. Collateral Reporting. The Borrower and the
Servicer shall fail to deliver any Monthly Report within two (2) Business Days after the same is due. 

Section 10.2.3. Borrowing Base Deficit. A Borrowing Base Deficit shall exist and such condition shall continue
unremedied until the date on which the prepayment of Advances equal to such Borrowing Base Deficit is required to be made pursuant to Section 4.1(e). 

Section 10.2.4. Default Ratio. The Default Ratio shall equal or exceed 4.50% on a rolling three-month average
basis for any Calculation Period. 
  

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 Section 10.2.5. Dilution Ratio. The Dilution Ratio shall equal
or exceed 8.50% on a rolling three-month average basis for any Calculation Period. 
 Section 10.2.6.
Delinquency Ratio. The Delinquency Ratio shall equal or exceed 5.00% on a rolling three-month average basis for any Calculation Period. 

Section 10.2.7. Accounts Receivable Turnover Ratio. The Accounts Receivable Turnover Ratio shall be less than
5.00 for any Calculation Period. 
 Section 10.2.8. Event of Default. An Event of Default shall have
occurred and be continuing. 
 Section 10.2.9. Validity of Transaction Documents. (a) Any
Transaction Document, or any lien or security interest granted thereunder, shall (except in accordance with its terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of the
Borrower, the Servicer or any Originator party to such Transaction Document, (b) the Borrower, any Originator or the Servicer shall, directly or indirectly, contest in any manner the effectiveness, validity, binding nature or enforceability of
any Transaction Documents, or (c) any security interest granted under any Transaction Document shall, in whole or in part, cease to be a perfected first priority security interest. 

Section 10.2.10. Termination Date. The “Termination Date” under and as defined in the Receivables
Contribution and Sale Agreement shall occur. 
 Section 10.2.11. Performance Undertaking. The
Performance Guarantor shall fail to perform or observe any term, covenant or agreement required to be performed by it under the Performance Undertaking, or the Performance Undertaking shall cease to be effective or to be the legally valid, binding
and enforceable obligation of the Performance Guarantor, or the Performance Guarantor shall directly or indirectly contest in any manner such effectiveness, validity, binding nature or enforceability. 

Section 10.2.12. Change of Control. (a) Sunbeam shall cease to own, directly or indirectly, 100% of the
outstanding voting stock of the Borrower or (b) a “Change of Control” (as such term and any component term thereof is defined in the Jarden Credit Agreement as the same is in effect on the Amendment No. 4 Date or as such term (or
any component term thereof) in the Jarden Credit Agreement may be amended thereafter pursuant to an effective amendment to the Jarden Credit Agreement executed or consented to in writing by (i) SunTrust Bank or the Administrator (or any
Affiliate of SunTrust Bank or the Administrator) as a lender thereunder or hereunder and (ii) Wells Fargo (or any Affiliate of Wells Fargo) as a lender thereunder or hereunder) shall occur. 

Section 10.2.13. Judgments. A final judgment or judgments for the payment of money of $12,300 or more in the
aggregate (regardless of insurance coverage) shall be rendered by one or more courts, administrative tribunals or other bodies having jurisdiction against the Borrower and the same shall not be discharged (or provision shall

  

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not be made for such discharge), or a stay of execution thereof shall not be procured, within thirty (30) days from the date of entry thereof and the Borrower shall not, within said period
of thirty (30) days, or such longer period during which execution of the same shall have been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal. 

Section 10.3. Effect of Significant Event. 

Section 10.3.1. Optional Termination. Upon the occurrence and during the continuance of a Significant Event
(other than an Event of Default described in Section 10.1.4), the Administrator may, and at the request of any Lender shall, by notice to the Borrower (a copy of which shall be promptly forwarded by the Administrator to each applicable Rating
Agency), declare all or any portion of the outstanding principal amount of the Advances and other Obligations to be due and payable and/or the Lenders’ Commitments (if not theretofore terminated) to be terminated by declaring the Commitment
Termination Date to have occurred, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment,
and/or, as the case may be, the Lenders’ Commitments shall terminate. 
 Section 10.3.2. Automatic
Termination. Upon the occurrence of an Event of Default described in Section 10.1.4, the Commitment Termination Date shall be deemed to have occurred automatically, and all outstanding Advances and all other Obligations shall become
immediately and automatically due and payable, all without presentment, demand, protest, or notice of any kind. 

Section 10.3.3. Notice to Rating Agencies. The Administrator shall notify each applicable Rating Agency of the
occurrence of any continuing Significant Event, promptly following its actual knowledge thereof. 
 ARTICLE XI

 THE SERVICER 

Section 11.1. Jarden as Initial Servicer. The servicing, administering and collection of the Receivables shall be conducted
by the Person designated from time to time as the Servicer under this Agreement. Until such time following the occurrence and during the continuance of a Servicer Event of Default or an Amortization Event as the Administrator shall notify Jarden and
the Borrower in writing of the revocation of such power and authority, the Borrower, the Lenders and the Administrator hereby appoint Jarden to act as the Servicer under the Transaction Documents. 

Section 11.2. Certain Duties of the Servicer. 

Section 11.2.1. Authorization to Act as the Borrower’s Agent. The Borrower hereby appoints the Servicer
as its agent for the following purposes: (i) selecting the 
  

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amount of each requested Loan and executing Borrowing Requests on behalf of the Borrower, (ii) making transfers among, deposits to and withdrawals from all deposit accounts of the Borrower
for the purposes described in the Transaction Documents, (iii) arranging payment by the Borrower of all Fees, expenses, other Obligations and other amounts payable under the Transaction Documents, (iv) causing the repayment and prepayment
of the Loans as required and permitted pursuant to Section 4.1 and (v) executing and preparing the Monthly Reports; provided, however, that the Servicer shall act in such capacity only as an agent of the Borrower and shall
incur thereby no additional obligations with respect to any Loan, and nothing herein shall be deemed to authorize the Servicer to take any action as the Borrower’s agent which the Borrower is precluded from taking itself. The Borrower
irrevocably agrees that (A) it shall be bound by all proper actions taken by the Servicer pursuant to the preceding sentence, and (B) the Administrator, the Lenders and the banks holding all deposit accounts of the Borrower are entitled to
accept submissions, determinations, selections, specifications, transfers, deposits and withdrawal requests, and payments from the Servicer on behalf of the Borrower. 

Section 11.2.2. Servicer to Act as Collection Agent. (a) The Servicer shall service and administer the
Receivables on behalf of the Borrower and the Administrator (for the benefit of the Secured Parties) and shall have full power and authority, acting alone and/or through sub-Servicers as provided in Section 11.2.2(c), to do any and all things
which it may deem reasonably necessary or desirable in connection with such servicing and administration and which are consistent with this Agreement. Consistent with the terms of this Agreement, the Servicer may waive, modify or vary any term of
any Receivable or consent to the postponement of strict compliance with any such term or in any manner, grant indulgence to any Obligor if, in the Servicer’s reasonable determination, such waiver, modification, postponement or indulgence is not
materially adverse to the interests of the Borrower or the Administrator (for the benefit of the Secured Parties); provided, however, that the Servicer may not permit any modification with respect to any Receivable that would reduce
the Unpaid Balance (except for actual payments thereof), or extend the due date thereof, except that the Servicer may take such actions with respect to Defaulted Receivables if such actions will, in the Servicer’s reasonable business judgment,
maximize the Collections thereof. Without limiting the generality of the foregoing, the Servicer in its own name or in the name of the Borrower is hereby authorized and empowered by the Borrower when the Servicer believes it appropriate in its best
judgment to execute and deliver, on behalf of the Borrower, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge and all other comparable instruments, with respect to the Receivables. 

(b) The Servicer shall service and administer the Receivables by employing such procedures (including collection
procedures) and degree of care, in each case consistent with applicable law, with the Credit and Collection Policy and with prudent industry standards, as are customarily employed by the Servicer in servicing and administering receivables owned or
serviced by the Servicer comparable to the Receivables. The Servicer shall not take any action to impair the Administrator’s (for the benefit of the Secured Parties) security interest in any Receivable, except to the extent allowed pursuant to
this Agreement or required by law. 
  

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 (c) At any time while Jarden is acting as the Servicer hereunder, Jarden may
delegate, and Jarden hereby advises the Lenders and the Administrator that it has delegated, to each of the Originators, as a sub-Servicer of the Servicer, certain of its duties and responsibilities as the Servicer hereunder. Without the prior
written consent of each of the Administrator and each Lender, Jarden shall not be permitted to delegate any of its duties or responsibilities as the Servicer to any Person other than (i) the Borrower, (ii) the Originators and
(iii) with respect to certain Defaulted Receivables, outside collection agencies in accordance with its customary practices. Neither the Borrower nor any Originator shall be permitted to further delegate to any other Person any of the duties or
responsibilities of the Servicer delegated to it by Jarden. If at any time following the occurrence and during the continuance of a Servicer Event of Default or Amortization Event, the Administrator shall designate as the Servicer any Person other
than Jarden, all duties and responsibilities theretofore delegated by Jarden to the Borrower or any Originator may, at the discretion of the Administrator, be terminated forthwith on notice given by the Administrator to Jarden and to the Borrower
and the applicable Originator. Notwithstanding the foregoing: (i) Jarden shall be and remain primarily liable to the Administrator and the Lenders for the full and prompt performance of all duties and responsibilities of the Servicer hereunder,
(ii) the Administrator and the Lenders shall be entitled to deal exclusively with Jarden in matters relating to the discharge by the Servicer of its duties and responsibilities hereunder, (iii) the Administrator and the Lenders shall not
be required to give notice, demand or other communication to any Person other than Jarden in order for communication to the Servicer and its sub-Servicers or other delegate with respect thereto to be accomplished and (iv) Jarden, at all times
that it is the Servicer, shall be responsible for providing any sub-Servicer or other delegate of the Servicer with any notice given to the Servicer under this Agreement. 

(d) Except as provided in the penultimate sentence of the preceding clause (c), the Administrator and the Lenders
shall not be required to give notice, demand or other communication to any Person other than Jarden in order for communication to the Servicer and its sub-Servicer or other delegate with respect thereto to be accomplished. Jarden, at all times that
it is the Servicer, shall be responsible for providing any sub-Servicer or other delegate of the Servicer with any notice given to the Servicer under this Agreement. 

(e) The Servicer may take such actions as are necessary to discharge its duties as the Servicer in accordance with this
Agreement, including the power to execute and deliver on behalf of the Borrower such instruments and documents as may be customary, necessary or desirable in connection with the performance of the Servicer’s duties under this Agreement
(including consents, waivers and discharges relating to the Receivables). 
 (f) The Servicer shall keep records
that readily identify and segregate transactions contemplated by this Agreement, including the identity and collection status of each Receivable purchased by the Borrower from any Originator and the Purchase Price Credits. 

 

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 Section 11.2.3. Collections. (a) On or prior to the Closing
Date, the Borrower and the Servicer shall have established and shall maintain thereafter the following system of collecting and processing Collections of Receivables: The Obligors shall be instructed to make payments of Receivables only (i) by
check, draft or money order mailed to a Lock-Box listed on Schedule 8.12 (such payments, upon receipt in such a Lock-Box, being referred to herein as “Mail Payments”), or (ii) by wire transfer, SWIFT, ACH or other
electronic payment to a Lock-Box Account. 
 (b) On or prior to the Closing Date, the Administrator shall have
received a Lock-Box Agreement with respect to each Lock-Box Account. The Servicer’s right of access to any Lock-Box Account shall be revocable upon notice from the Administrator following the occurrence and during the continuance of a Servicer
Event of Default, an Event of Default or an Incipient Bankruptcy (it being understood that an Incipient Bankruptcy shall not, in and of itself, lead to the Commitment Termination Date). In addition, after the occurrence and during the continuance of
any Servicer Event of Default or an Event of Default, the Servicer agrees that it shall, upon the written request of all of the Administrator, notify all Obligors under Receivables to make payment thereof to (i) one or more bank accounts and/or
post-office boxes designated by the Administrator and specified in such notice or (ii) any successor Servicer appointed hereunder. Neither the Administrator nor the Lenders shall, inter alia, (x) take any action under Lock-Box
Agreement or (y) deliver any notice to any Obligor, absent the existence of a Servicer Event of Default, an Event of Default or an Incipient Bankruptcy. 

(c) The Servicer shall direct each applicable depository or lockbox bank pursuant to a Lock-Box Account Agreement to
remove all Mail Payments from each Lock-Box by the close of business on each Business Day and deposit the same into a Lock-Box Account. Servicer shall process all such Mail Payments, and all other payments received in any form, on the date such
payment is received, by recording the amount of the payment received from the Obligor and the applicable account or invoice number. 

(d) All Collections received by any Originator or the Servicer in respect of Receivables will, pending remittance to a
Lock-Box Account, be held by such Originator or the Servicer in trust for the exclusive benefit of the Administrator, on behalf of the Secured Parties, and shall not be commingled with any other funds or property of any Originator or the Servicer.
All such Collections shall be remitted to a Lock-Box Account within three (3) Business Days of receipt by such Originator or the Servicer. 

(e) The Borrower and the Servicer hereby irrevocably waive any right to set-off or otherwise deduct any amount owing by or
to them from any Collections received by them prior to remittance thereof in accordance with this Agreement. 
  

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 (f) In performing its duties and obligations hereunder, the Servicer
(i) shall not impair the rights of the Borrower or the Administrator, on behalf of the Secured Parties, in any Receivable, (ii) shall not amend the terms of any Receivable other than in accordance with the Credit and Collection Policy and
this Agreement, (iii) shall not release any goods securing a Receivable from the lien created by such Receivable except as specifically provided for herein, and (iv) shall be entitled to commence or settle any legal action to enforce
collection of any Receivable or to foreclose upon or repossess any goods securing such Receivable. In the event that the Servicer shall breach any of its covenants set forth in clause (i), (ii) or (iii) of this Section 11.2.3(f),
the Servicer shall pay the Unpaid Balance of each Receivable affected thereby on the Distribution Date following the Calculation Period in which such event occurs. For the purposes of Section 11.7 hereof, the Servicer shall not be deemed to
have breached its obligations under this Section 11.2.3(f) unless it shall fail to make such payment with respect to any Receivable affected by the Servicer’s noncompliance with clause (i), (ii) or (iii) of this
Section 11.2.3(f) on such Distribution Date. 
 (g) All payments or other amounts collected or received by
the Servicer in respect of a Receivable shall be applied to the Unpaid Balance of such Receivable. 

Section 11.2.4. Settlement. On each Distribution Date, the Servicer shall distribute the Collections in
accordance with Article IV hereof. 
 Section 11.3. Servicing Compensation. The Servicer, as compensation for
its activities hereunder, shall be entitled to receive the Servicing Fee, which shall be payable by the Borrower on each Distribution Date from Collections in accordance with Section 4.2. The Servicer shall be required to pay all expenses
incurred by it in connection with its servicing activities hereunder (including payment of the fees and expenses of any sub-Servicer) and shall not be entitled to reimbursement therefor except as specifically provided herein. 

Section 11.4. Agreement Not to Resign. Jarden acknowledges that the Administrator and the Lenders have relied on
Jarden’s agreement to act as the Servicer hereunder in their respective decisions to execute and deliver the respective Transaction Documents to which they are parties. In recognition of the foregoing, Jarden agrees not to resign as the
Servicer voluntarily, except as required by law (as evidenced by the delivery of an outside opinion of counsel to the Administrator, in form and substance satisfactory to the Administrator), without the prior written consent of each of the
Administrator and each Lender. 
 Section 11.5. Designation of the Servicer. The Borrower agrees not to designate
any Person other than Jarden as the Servicer without the prior written consent of the Administrator and each Lender. 

Section 11.6. Termination. The authorization of the Servicer to act on behalf of the Borrower under this Agreement and the
other Transaction Documents shall terminate at the sole discretion of the Administrator upon the replacement of the Servicer by a successor Servicer selected by the Administrator following a Servicer Event of Default or another Amortization Event.

  

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 Section 11.7. Servicer Events of Default. Each of the following shall constitute
a “Servicer Event of Default” under this Agreement: 
 Section 11.7.1. Failure to Make
Payments and Deposits. The Servicer shall fail to make any payment or deposit required to be made by it hereunder on the date when due and, in each of the foregoing cases, such failure shall continue for two (2) Business Days. 

Section 11.7.2. Non-Compliance with Other Provisions. The Servicer shall fail to perform or observe any other
term, covenant or agreement contained in this Agreement or any other Transaction Document on its part to be performed or observed and any such failure shall remain unremedied for thirty (30) days. 

Section 11.7.3. Delegation. The Servicer shall delegate any of its duties hereunder, except as expressly
permitted under Section 11.2.2(c) and (d). 
 Section 11.7.4. Breach of Representations and
Warranties. Any representation, warranty, certification or statement made by the Servicer in this Agreement, any other Transaction Document to which the Servicer is a party or in any Monthly Report or other document delivered pursuant hereto or
thereto shall prove to have been incorrect in any material respect when made or deemed made; provided that the materiality threshold in the preceding clause shall not be applicable with respect to any representation or warranty which itself
contains a materiality threshold. 
 Section 11.7.5. Bankruptcy. An Event of Bankruptcy shall have
occurred and remained continuing with respect to the Servicer or any Originator acting as a sub-Servicer. 

Section 11.7.6. Judgments. A final judgment or judgments for the payment of money in excess of $50,000,000 in
the aggregate (exclusive of judgment amounts fully covered by independent third-party insurance where the insurer has not disputed or denied coverage in respect of such judgment) shall be rendered by one or more courts, administrative tribunals or
other bodies having jurisdiction against Jarden and the same shall not be discharged (or provision shall not be made for such discharge), or a stay of execution thereof shall not be procured, within thirty (30) days from the date of entry
thereof and Jarden shall not, within said period of thirty (30) days, or such longer period during which execution of the same shall have been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal. 

Section 11.7.7. Cross-Default to Material Debt. Failure of the Servicer or any Originator to pay any Material
Debt when due; or the default by the Servicer or any Originator in the performance of any term, provision or condition contained in any agreement or agreements under which any Material Debt was created or is governed, or any other event shall occur
or condition exist, the effect of which is to cause, or to permit the holder or holders of such Material Debt to cause, such Material Debt to become due prior to its stated maturity; or any Material Debt of the Servicer or any Originator shall be

  

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declared to be due and payable or required to be prepaid (other than by a regularly scheduled payment or as a result of the sale of an asset securing such Material Debt) prior to the stated
maturity thereof (it being understood that Servicer Events of Default described in this Section 11.7.7 shall survive maturity or extinguishment of the related Material Debt). 

Section 11.7.8. Total Leverage Ratio. The Servicer at any time permits the Total Leverage Ratio determined as
of the last day of any Four-Quarter Period of Jarden set forth below to be greater than 4.00 to 1.00. 

Section 11.7.9. Interest Coverage Ratio. The Servicer permits the Interest Coverage Ratio, as determined as of
the last day of any Four-Quarter Period to be less than 2.00 to 1.00. 
 Section 11.7.10. Calculation of
Total Leverage Ratio and Interest Coverage Ratio. The above Total Leverage Ratio and Interest Coverage Ratio shall be calculated in the same manner as such ratios are required to be calculated in accordance with the applicable terms of the
Jarden Credit Agreement, as such applicable terms are in effect on the Amendment No. 4 Date (or as such applicable terms may be amended thereafter pursuant to an effective amendment to the Jarden Credit Agreement executed or consented to in
writing by (A) SunTrust Bank or the Administrator (or any Affiliate of SunTrust Bank or the Administrator) as a lender thereunder or hereunder and (B) Wells Fargo (or any Affiliate of Wells Fargo) as a lender thereunder or hereunder,
including, without limitation, (i) ascribing to the terms that are components of Total Leverage Ratio and Interest Coverage Ratio the same meanings ascribed to them in the Jarden Credit Agreement, (ii) using the applicable methodologies
set forth in Sections 1.03 and 1.04 of the Jarden Credit Agreement, and (iii) taking into account any exercise of (and timing with respect to) the “Cure Right” and “Cure Amount” (as each such term is defined in the
Jarden Credit Agreement) pursuant to and in accordance with Section 7.13(c) of the Jarden Credit Agreement, in each case of the above clauses (i), (ii) and (iii) as such component terms, the term “Cure Right”,
“Cure Amount” and Sections of the Jarden Credit Agreement are in effect on the Amendment No. 4 Date or as they may be amended thereafter pursuant to an effective amendment to the Jarden Credit Agreement executed or consented to in
writing by (i) SunTrust Bank or the Administrator (or any Affiliate of SunTrust Bank or the Administrator) as a lender thereunder or hereunder and (ii) Wells Fargo (or any Affiliate of Wells Fargo) as a lender thereunder or hereunder.

 At any time during the continuance of any Servicer Event of Default or an Amortization Event, the Administrator may, in its discretion or at
the direction of any Lender, notify the Servicer in writing of the revocation of its appointment as the Servicer hereunder. Upon revocation of the Servicer’s appointment hereunder, the Administrator shall appoint a successor Servicer. The
Servicer agrees that upon receipt of written notification from the Administrator of the revocation of the Servicer’s appointment as the Servicer hereunder, the Servicer shall upon the written request of the Administrator (which request may be
contained in the notification of revocation) (i) notify all Obligors under the Receivables to make payment thereof to a bank account(s) or post office box designated by the Administrator and specified in such notice, and (ii) pay to the

  

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Administrator (or its designee) immediately all Collections then held or thereafter received by the Servicer or the applicable Originator of Receivables, together with all other payment
obligations of the Servicer hereunder owing to any Lender or the Administrator. The Servicer shall, at its sole cost and expense, cooperate with and assist the successor the Servicer (including, without limitation, providing access to, and
transferring, all Receivable Files and all records (including data-processing records) relating thereto (which shall be held in trust for the benefit of the parties hereto in accordance with their respective interests) and, to the extent
permissible, allowing the successor Servicer to use all licenses, hardware or software necessary or desirable to collect the Receivables) (it being understood and agreed that Jarden shall use its best efforts to obtain permission for such successor
Servicer’s use of such software). Jarden irrevocably agrees to act (if requested to do so) as the data-processing agent for the successor Servicer (in substantially the same manner as Jarden conducted such data-processing functions while it
acted as the Servicer). All costs and expenses incurred by the Servicer, successor Servicer, the Lenders, Administrator or their respective counsel in connection with any transfer of servicing are for the account of Jarden and the Borrower, jointly
and severally. 
 ARTICLE XII 

ADMINISTRATOR 

Section 12.1. Authorization and Action. (a) Each Lender hereby appoints SunTrust Robinson Humphrey, Inc. as
Administrator for purposes of the Transaction Documents and authorizes SunTrust Robinson Humphrey, Inc. in such capacity to take such action on its behalf under each Transaction Document and to exercise such powers hereunder and thereunder as are
delegated to SunTrust Robinson Humphrey, Inc., as Administrator, by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. 

(b) Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrator shall not have any duties or
responsibilities, except those expressly set forth in the Transaction Documents to which it is a party, or any fiduciary relationship with the Lenders, and no implied covenants, functions, responsibilities, duties, obligations or liabilities on the
part of the Administrator shall be read into any Transaction Document or otherwise exist against the Administrator. 
 (c) The
provisions of this Article XII are solely for the benefit of the Administrator and the Lenders, and neither of the Borrower nor the Servicer shall have any rights as a third-party beneficiary or otherwise under any of the provisions of this
Article XII, except that this Article XII shall not affect any obligations which the Administrator or the Lenders may have to either of the Borrower or the Servicer under the other provisions of this Agreement. 

(d) In performing its functions and duties hereunder, the Administrator shall act solely as the agent of the Secured Parties and does not
assume nor shall be deemed to have assumed any obligation or relationship of trust or agency with or for either the Borrower or the Servicer or any of their respective successors and assigns. 

 

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 Section 12.2. Delegation of Duties. The Administrator may execute any of its
duties under the Transaction Documents to which it is a party by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrator shall not be responsible for the
negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care. 
 Section 12.3.
Liability of Administrator. Neither the Administrator nor its Affiliates shall (a) be liable for any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other Transaction Document or the
transactions contemplated hereby (except for its own gross negligence or willful misconduct), or (ii) be responsible in any manner to any Lender for any recital, statement, representation or warranty made by the Borrower, any Originator or the
Servicer, or any officer thereof, contained in this Agreement or in any other Transaction Document, or in any certificate, report, statement or other document referred to or provided for in, or received by any Administrator under or in connection
with, this Agreement or any other Transaction Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Transaction Document, or for any failure of the Borrower, any Originator, the Servicer
or any other party to any Transaction Document to perform its obligations hereunder or thereunder. Neither the Administrator nor its Affiliates shall be under any obligation to any Lender to ascertain or to inquire as to the observance or
performance of any of the agreements contained in, or conditions of, this Agreement or any other Transaction Document, or to inspect the properties, books or records of the Borrower, any Originator or the Servicer or any of their respective
Affiliates. 
 Section 12.4. Reliance by Administrator. (a) The Administrator shall be entitled to rely, and
shall be fully protected in relying, upon any writing, resolution, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or telephone message, statement or other document or conversation believed by it to be genuine and correct
and to have been signed, sent or made by or on behalf of the proper Person or Persons, and upon advice and statements of legal counsel (including counsel to the Borrower, the Originators and the Servicer), independent accountants and other experts
selected by the Administrator. The Administrator shall be fully justified in failing or refusing to take any action under this Agreement or any other Transaction Document unless it shall first receive such advice or concurrence of the Lenders as it
deems appropriate and, if it so requests, it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. The
Administrator shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Transaction Document in accordance with a request or consent of the Lenders or, if required hereunder, all Lenders and
such request and any action taken or failure to act pursuant thereto shall be binding upon all of the Lenders. 
 (b) For
purposes of determining compliance with the conditions specified in Article VII, each Lender that has executed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter
either sent by the Administrator to such Lender for consent, approval, acceptance or satisfaction, or required thereunder to be consented to or approved by or acceptable or satisfactory to such Lender. 

 

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 Section 12.5. Notice of Event of Default, Potential Event of Default or Servicer
Event of Default. The Administrator shall not be deemed to have knowledge or notice of the occurrence of an Amortization Event, an Event of Default or a Servicer Event of Default, unless the Administrator has received written notice from a
Lender or the Borrower referring to this Agreement, describing such Amortization Event, Event of Default or Servicer Event of Default and stating that such notice is a “Notice of Event of Default or Amortization Event” or “Notice of
Servicer Event of Default,” as applicable. The Administrator will notify the Lenders of its receipt of any such notice. The Administrator shall (subject to Section 12.4) take such action with respect to such Amortization Event or Event of
Default as may be requested by any Lender, provided, however, that, unless and until the Administrator shall have received any such request, the Administrator may (but shall not be obligated to) take such action, or refrain from taking such
action, with respect to such Amortization Event or Event of Default as it shall deem advisable or in the best interest of the Lenders. 

Section 12.6. Credit Decision; Disclosure of Information by the Administrator. Each Lender acknowledges that neither of the
Administrator nor its Affiliates has made any representation or warranty to it, and that no act by the Administrator hereinafter taken, including any consent to and acceptance of any assignment or review of the affairs of the Borrower, the Servicer,
any Originator or any of their respective Affiliates, shall be deemed to constitute any representation or warranty by any of the Administrator and its Affiliates to any Lender as to any matter, including whether the Administrator and its Affiliates
have disclosed material information in their possession. Each Lender, including any Lender by assignment, represents to the Administrator that it has, independently and without reliance upon any the Administrator and its Affiliates and based on such
documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects, operations, property, financial and other condition and creditworthiness of the Borrower, the Servicer, each Originator
or their respective Affiliates, and all applicable bank regulatory laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to the Borrower hereunder. Each Lender also
represents that it shall, independently and without reliance upon any the Administrator and its Affiliates and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and
decisions in taking or not taking action under this Agreement and the other Transaction Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other
condition and creditworthiness of the Borrower, the Servicer or the Originators. Except for notices, reports and other documents expressly herein required to be furnished to the Lenders by the Administrator herein, the Administrator shall not have
any duty or responsibility to provide any Lender with any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of the Borrower, the Servicer, the Originators or their
respective Affiliates which may come into the possession of any of the Administrator and its Affiliates. 

Section 12.7. Indemnification of the Administrator. Whether or not the transactions contemplated hereby are consummated, each
Lender shall severally indemnify upon demand each of the Administrator and its Affiliates (to the extent not reimbursed by or on behalf of the Borrower and without limiting the obligation of the Borrower to do so as otherwise provided

  

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herein), pro rata, based on the amount of the Loans funded by such Lender, and hold harmless each of the Administrator and its Affiliates from and against any and all Indemnified
Amounts incurred by it; provided, however, that no Lender shall be liable for the payment to any of the Administrator and its Affiliates of any portion of such Indemnified Amounts resulting from such Person’s gross negligence or willful
misconduct; provided, however, that no action taken in accordance with the directions of the Lenders shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section 12.7. Without limitation of the
foregoing, each Lender shall severally reimburse the Administrator upon demand for its ratable share of any costs or out-of-pocket expenses (including attorney’s fees) incurred by the Administrator in connection with the preparation, execution,
delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, any other Transaction Document, or
any document contemplated by or referred to herein, to the extent that the Administrator is not reimbursed for such expenses by or on behalf of the Borrower as otherwise provided herein. The undertaking in this Section 12.7 shall survive
payment on the Final Payout Date and the resignation or replacement of the Administrator. 
 Section 12.8. Administrator
in Individual Capacity. The Administrator (and any successor acting as Administrator) and its Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, acquire equity interests in and generally engage in any
kind of banking, trust, financial advisory, underwriting or other business with any of the Borrower, any Originator and the Servicer or any of their Subsidiaries or Affiliates as though the Administrator was not an Administrator hereunder and
without notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, the Administrator or its Affiliates may receive information regarding the Borrower, any Originator, the Servicer or their respective Affiliates
(including information that may be subject to confidentiality obligations in favor of such Person) and acknowledge that the Administrator shall be under no obligation to provide such information to them. The Administrator may, in its individual
capacity, makes Loans by assignment from a Lender or otherwise in accordance herewith and in such event the Administrator shall have the same rights and powers under this Agreement as any other Lenders and may exercise the same as though it were not
an Administrator, and the term “Lender”, shall, unless the context otherwise indicates, include the Administrator in its individual capacity. 

Section 12.9. Resignation of Administrator. The Administrator may resign as Administrator upon thirty (30) days’
prior written notice to the Lenders and the Borrower and effective upon appointment of its successor as hereinafter provided. If the Administrator resigns under this Agreement, the Lenders shall appoint a successor agent for the Lenders, which,
unless an Event of Default or an Amortization Event exists, shall be reasonably satisfactory to the Borrower. If no successor agent is appointed prior to the end of such thirty (30) day period, the Administrator may appoint, after consulting
with the Lenders, a successor agent. Upon the acceptance of its appointment as successor agent hereunder, such successor agent shall succeed to all the rights, powers and duties of the retiring Administrator and the term
“Administrator” shall mean such successor agent and the retiring Administrator’s appointment, powers and duties as Administrator shall be terminated. After any retiring Administrator’s resignation hereunder as
Administrator, the provisions of this Section 12.9 and Sections 12.3 and 12.7 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Administrator under this Agreement. 

 

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 Section 12.10. Payments by the Administrator. Unless specifically allocated to a
Lender pursuant to the terms of this Agreement, all amounts received by the Administrator on behalf of the Lenders shall be paid by such Administrator to the Lenders (at their respective accounts specified herein or in their respective Assignment
and Assumption Agreements), pro rata in accordance with their respective outstanding funded portions of the Loans on the Business Day received by such Administrator, unless such amounts are received after 12:00 noon on such Business
Day, in which case such Administrator shall use its reasonable efforts to pay such amounts to the Lenders on such Business Day, but, in any event, shall pay such amounts to the Lenders not later than the following Business Day. 

ARTICLE XIII 

ASSIGNMENTS 

Section 13.1. Restrictions on Assignments. (a) Neither the Borrower nor Jarden may assign its rights or obligations
under the Transaction Documents to which it is a party or any interest therein without the prior written consent of the Administrator for the benefit of the Secured Parties. 

(b) Subject to the provisions of Sections 6.1 and 13.4, nothing herein shall be deemed to preclude Three Pillars from pledging or
assigning all or any portion of its Loans to any Liquidity Bank or other Support Provider (or any successor of any thereof by merger, consolidation or otherwise) or any Affiliate of the foregoing (which may then assign all or any portion thereof so
assigned or any interest therein to such party or parties as it may choose); provided, however, that so long as no Significant Event exists and is continuing, no Liquidity Bank will assign all or any portion of its Loans or Commitment to any
Person without the prior written consent of the Borrower (which consent shall not be unreasonably withheld or delayed). The Administrator shall promptly provide notice of any assignment to each applicable Rating Agency and the Borrower. Subject to
Section 13.2, all of the aforementioned assignments shall be upon such terms and conditions as Three Pillars and its assignee may mutually agree. 

(c) Notwithstanding any other provision of this Section 13.1, any Lender may at any time pledge or grant a security interest in all
or any portion of its rights (including, without limitation, rights to payment of capital and yield) under this Agreement to secure obligations of such Lender to a Federal Reserve Bank, without notice to or consent of the Borrower or the
Administrator; provided that no such pledge or grant of a security interest shall release a Lender from any of its obligations hereunder, or substitute any such pledgee or grantee for such Lender as a party hereto. 

Section 13.2. Documentation. The assigning Lender shall deliver to each assignee an assignment, in such form as such Lender
and the related assignee may agree, duly executed by such Lender, assigning any such Loan to the assignee, and the assigning Lender shall promptly execute and deliver all further instruments and documents, and take all further action, that the

  

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assignee may reasonably request, in order to perfect, protect or more fully evidence the assignee’s right, title and interest in and to such Loan, and to enable the assignee to exercise or
enforce any rights hereunder or under the Lender Note evidencing such Loan. 
 Section 13.3. Rights of Assignees.
Subject to the provisions of Section 13.4, upon the foreclosure of any assignment of any Loans made for security purposes, or upon any other assignment of any Loan from a Lender pursuant to this Article XIII, the respective assignee
receiving such assignment shall assume the Commitment (if any) and all other obligations of the assignor Lender hereunder, and shall have all of the rights of a Lender hereunder to the extent of such assignment with respect to such Loans and all
references to a Lender in Section 6.1 shall be deemed to apply to such assignee to the extent of such assignment. 

Section 13.4. Transfer and Maintenance of Register. The Administrator shall maintain a register (each, a
“Register”) on which it will record the Loans made to the Borrower by each Lender and each repayment in respect of the principal amount of such Loans. The Administrator shall, upon receipt of instruments evidencing the transfer of
the rights to the principal of, and interest on, any Loan made by a Lender pursuant to this Agreement, record such transfer in the Register and such transfer shall be effective upon recordation. Failure to make any such recordation, or any error in
such recordation shall not affect the respective Borrower’s obligations in respect of such Loans. If a Lender sells participations in any Loan, it shall maintain a Register with respect to such participations and shall permit the transfer of
such participations only if and when the transfer is recorded in the Register. The Administrator will permit the Borrower to review such Register as reasonably needed for the Borrower to comply with its obligations under this Agreement or under any
applicable law or governmental regulation or procedure. 
 ARTICLE XIV 

INDEMNIFICATION 

Section 14.1. General Indemnity of the Borrower. Without limiting any other rights which any such Person may have hereunder
or under applicable law, the Borrower hereby agrees to indemnify the Servicer and each of the Administrator, the Lenders, Support Providers and each of their respective Affiliates, successors, transferees, participants and assigns and all officers,
directors, shareholders, controlling persons, employees and agents of any of the foregoing (each of the foregoing Persons being individually called an “Indemnified Party”), forthwith on demand, from and against any and all damages,
losses, claims, liabilities and reasonable related costs and expenses, including reasonable attorneys’ fees and disbursements (all of the foregoing being collectively called “Indemnified Amounts”) awarded against or incurred by
any of them arising out of or relating to any Transaction Document or the transactions contemplated thereby, any commingling of funds (whether or not permitted hereunder), or the use of proceeds therefrom by the Borrower, including (without
limitation) in respect of the funding of any Loan or in respect of any Receivable; excluding, however, (a) Indemnified Amounts to the extent a final judgment of a court of competent jurisdiction holds that such Indemnified Amounts
resulted from gross negligence or willful misconduct on the part of the Indemnified Party seeking indemnification, and (b) Excluded Taxes. 
  

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 Section 14.2. Indemnity of the Servicer. Without limiting any other rights which
any such Person may have hereunder or under applicable law, the Servicer, hereby agrees to indemnify each Indemnified Party forthwith on demand, from and against any and all Indemnified Amounts awarded against or incurred by any of them arising
from, or related to, the gross negligence or willful misconduct of the Servicer, the inaccuracy of any representation or warranty of the Servicer, or the failure of the Servicer to perform its obligations under any Transaction Document;
excluding, however, (a) Indemnified Amounts to the extent determined by a court of competent jurisdiction to have resulted from gross negligence or willful misconduct on the part of any Indemnified Party, (b) Indemnified Amounts to
the extent solely due to non-payment by any Obligor on account of the insolvency, bankruptcy, lack of creditworthiness, or financial inability to pay, and (c) Excluded Taxes. Anything contained in this Section 14.2 to the contrary
notwithstanding: (1) the foregoing indemnification is not intended to, and shall not, constitute a guarantee of the collectibility or payment of the Receivables, and (2) nothing in this Section 14.2 shall be deemed to constitute a
guarantee of principal or interest on the Loans or require the Servicer to indemnify any Indemnified Party for, and “Indemnified Amounts” shall not include the amount of any Receivables which are not collected, not paid or are
otherwise uncollected on account of the insolvency, bankruptcy, lack of creditworthiness or financial inability to pay of the applicable Obligor. 

ARTICLE XV 

MISCELLANEOUS 

Section 15.1. No Waiver; Remedies. No failure on the part of any of the Administrator, the Lenders, Indemnified Parties or
Affected Parties to exercise, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise by any of them of any right, power or remedy hereunder preclude any other or
further exercise thereof, or the exercise of any other right, power or remedy. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. Without limiting the foregoing, each of the Liquidity Banks and Support
Providers is hereby authorized by the Borrower at any time and from time to time, to the fullest extent permitted by law, to set off and apply to the Obligations any and all deposits (general or special, time or demand, provisional or final) of the
Borrower at any time held and other indebtedness at any time owing by such Liquidity Bank or Support Provider to or for the credit or the account of the Borrower. 

Section 15.2. Amendments, Etc. (a) No provision of this Agreement may be amended, supplemented, modified or waived
except in writing in accordance with the provisions of this Section 15.2. 
 (b) Neither this Agreement nor any other
Transaction Document nor any provision hereof or thereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Borrower, the Servicer and the Administrator and each Lender; provided,
however, that no such modification or waiver shall: 
 (i) without the consent of each Lender,
(A) extend the Stated Commitment Termination Date, the Liquidity Termination Date or the date of any payment or deposit 
  

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of Collections by the Borrower or the Servicer, (B) reduce the rate or extend the time of payment of interest (or any component thereof), (C) reduce any fee payable to the Administrator
for the benefit of the Lenders, (D) except pursuant to Article XII hereof, change the principal amount of the Lender’s loan or Liquidity Bank’s Commitment, (E) amend, modify or waive any provision of this Section 15.2,
(F) consent to or permit the assignment or transfer by the Borrower of any of its rights and obligations under this Agreement, (G) change the definition of “Borrowing Base”, “Eligible Receivable,” “Yield
Reserve,” “Loss Reserve,” “Aggregate Reserve Percentage” or “Delinquency Ratio,” or (H) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in
clauses (A) through (G) above in a manner which would circumvent the intention of the restrictions set forth in such clauses; or 

(ii) without the written consent of the Administrator, amend, modify or waive any provision of this Agreement if the
effect thereof is to affect the rights or duties of the Administrator, and any material amendment, waiver or other modification of this Agreement shall require satisfaction of the Rating Agency Condition, to the extent the Rating Agency Condition is
required of any Lender. Without limiting the generality of the foregoing, no waiver of any representation in Sections 2.1(i), (j), (w), or (x) or 4.1(k) of the Receivables Contribution and Sale Agreement, or Sections 8.9, 8.10, 8.23,
8.24, and 8.25 of this Agreement may be granted without satisfaction of the Rating Agency Condition, each of which representations shall survive termination of this Agreement and payment in full of the Obligations. 

Section 15.3. Notices, Etc. All notices and other communications provided for hereunder shall, unless otherwise stated
herein, be in writing (including facsimile communication) and shall be personally delivered or sent by certified mail, postage prepaid, or by facsimile, to the intended party at the address or facsimile number of such party set forth opposite its
name on Schedule 15.3 hereto or at such other address or facsimile number as shall be designated by such party in a written notice to the other parties hereto. All such notices and communications shall be effective, (a) if personally
delivered, when received, (b) if sent by certified mail, three Business Days after having been deposited in the mail, postage prepaid, (c) if sent by overnight courier, one Business Day after having been given to such courier, and
(d) if transmitted by facsimile or e-mail, when sent, receipt confirmed by telephone or electronic means, except that Borrowing Requests shall be effective when delivered in writing in accordance with Section 2.2. 

Section 15.4. Costs, Expenses and Taxes. In addition to its obligations under Section 14.1, the Borrower agrees to pay
on demand: 
 (a) except to the extent limited by Section 9.1.11 and the Fee Letter, all reasonable costs
and expenses incurred by Administrator, the Lenders, the Liquidity Banks, the Support Providers and the Servicer (other than salaries or wages of employees of such Persons) in connection with (i) the preparation, execution, delivery,
administration and enforcement of, or any breach of, the Transaction Documents, the Liquidity Agreements and, to the extent directly related to this Agreement, the other Program Documents (including any amendments or modifications of or supplements
to the Program Documents directly related to this Agreement), including, without limitation, 
  

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the reasonable fees and expenses of outside counsel to any of such Persons incurred in connection therewith, (ii) the perfection of the Administrator’s security interest in the
Collateral, (iii) the maintenance of the Lock-Boxes and the Lock-Box Accounts, (iv) the audit of the books, records and procedures of the Originators, the Servicer and the Borrower by the Administrator’s auditors (which may be
employees of the Administrator), and (v) Rating Agency fees related to the transactions contemplated by this Agreement; and 

(b) all stamp and other transactional or filing taxes and fees payable or determined to be payable in connection with the
execution, delivery, filing and recording of this Agreement, the Lender Notes, the other Transaction Documents, or (to the extent directly related to this Agreement) the Program Documents, and agrees to indemnify each Indemnified Party against any
liabilities with respect to or resulting from any delay in paying or omission to pay such taxes and fees. 

Section 15.5. Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of the Borrower, the
Lenders, the Administrator and their respective successors and assigns, and the provisions of Article VI and Article XIV shall inure to the benefit of the Affected Parties and the Indemnified Parties, respectively, and their respective
successors and assigns; provided, however, nothing in the foregoing shall be deemed to authorize any assignment not permitted by Article XIII. This Agreement shall create and constitute the continuing obligations of the parties
hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Commitment Termination Date, when all Obligations have been finally and fully paid and performed. The rights and remedies with respect to any
breach of any representation and warranty made by the Borrower or the Servicer pursuant to Article VIII and the indemnification and payment provisions of Article XIV and Article VI, Sections 15.4, 15.11 and 15.12 and any breach
by the Borrower or the Servicer pursuant to Sections 8.9, 8.10, 8.23, 8.24, and 8.25 shall be continuing and shall survive any termination of this Agreement and any termination of Jarden’s rights to act as the Servicer hereunder or under
any other Transaction Document. 
 Section 15.6. Captions and Cross References. The various captions (including,
without limitation, the table of contents) in this Agreement are provided solely for convenience of reference and shall not affect the meaning or interpretation of any provision of this Agreement. Unless otherwise indicated, references in this
Agreement to any Section, Appendix, Schedule or Exhibit are to such Section of or Appendix, Schedule or Exhibit to this Agreement, as the case may be, and references in any Section, subsection, or clause to any subsection, clause or
subclause are to such subsection, clause or subclause of such Section, subsection or clause. 
 Section 15.7.
Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining
provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction. 

Section 15.8. Governing Law. THIS AGREEMENT SHALL BE
A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE
STATE OF NEW YORK WITHOUT REGARD TO THE 

 

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CONFLICT OF LAW PRINCIPLES THEREOF (OTHER THAN SECTION 5-1401
OF THE NEW YORK GENERAL OBLIGATIONS LAW) EXCEPT TO THE EXTENT
THAT THE LAWS OF ANOTHER JURISDICTION GOVERN THE PERFECTION, OR THE
EFFECT OF PERFECTION OR NONPERFECTION, OF THE SECURITY INTERESTS OF THE
ADMINISTRATOR, FOR THE BENEFIT OF THE SECURED PARTIES. 

Section 15.9. Counterparts. This Agreement may be executed by the parties hereto in several counterparts, each of which shall
be deemed to be an original but all of which shall constitute together but one and the same agreement. 
 Section 15.10.
Submission to Jurisdiction; Waiver of Trial by Jury. (a) Each of the Borrower and the Servicer hereby submits to the nonexclusive jurisdiction of any United States District Court for the Southern District of New York and of any
New York state court sitting in New York, New York for purposes of all legal proceedings arising out of, or relating to, the Transaction Documents or the transactions contemplated thereby. Each of the Borrower and the Servicer hereby
irrevocably waives, to the fullest extent possible, any objection it may now or hereafter have to the venue of any such proceeding and any claim that any such proceeding has been brought in an inconvenient forum. Nothing in this Section 15.10
shall affect the right of the Administrator or the Lenders to bring any action or proceeding against the Borrower or the Servicer or their respective properties in the courts of other jurisdictions. 

(b) TO THE EXTENT PERMITTED BY APPLICABLE
LAW, EACH PARTY HERETO IRREVOCABLY WAIVES ALL RIGHT OF TRIAL BY JURY
IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF, OR IN
CONNECTION WITH, ANY TRANSACTION DOCUMENT OR ANY MATTER ARISING THEREUNDER. 

Section 15.11. No Recourse Against Lenders. The obligations (if any) of each Lender under this Agreement are solely the
corporate obligations of such Lender. No recourse shall be had for any obligation, covenant or agreement (including, without limitation, the payment of any amount owing in respect to this Agreement or the payment of any Fee hereunder or for any
other obligation or claim) arising out of or based upon this Agreement or any other agreement, instrument or Transaction Document entered into pursuant hereto or in connection herewith against any stockholder, employee, officer, director, manager,
administrator, partner or incorporator of the Lenders, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise. 

Section 15.12. No Proceedings. Each of the parties hereto hereby agree that it will not institute against Three Pillars, or
join any other Person in instituting against Three Pillars, any insolvency proceeding (namely, any proceeding of the type referred to in the definition of Event of Bankruptcy) so long as any Commercial Paper Notes issued by Three Pillars shall be
outstanding and there shall not have elapsed one year plus one day since the last day on which any such Commercial Paper Notes shall be outstanding. The provisions of this Section 15.12 shall survive the termination hereof. 

Section 15.13. Confidentiality. Each of the Administrator and each Lender will, and will cause its affiliates, directors,
officers, employees and representatives to, keep confidential, and not publish, disclose or otherwise divulge and use only in connection with this Agreement any 

 

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non-public information furnished to it by Jarden, any Affiliate, any Subsidiary or any of their respective agents in respect of this Agreement that Jarden (or such other Person) identifies as
being confidential at the time it furnishes the same, directly or indirectly (collectively, the “Information”), provided that nothing herein shall limit the disclosure of the Information (i) after the Information shall
have been made public (other than through a violation of this Section 15.13), (ii) to the extent required by statute, rule, regulation or judicial process, (iii) to counsel and auditors for the Lenders, SunTrust Bank or the
Administrator solely in connection with the transactions contemplated hereby or as required for the administration of the Lenders, (iv) to bank examiners (or any other regulatory authority having jurisdiction over the Lenders or the
Administrator), or to auditors or accountants of the Administrator and the Lenders, (v) to any of the Lenders’ Support Providers or Rating Agencies in connection with the transactions contemplated hereby, (vi) in connection with any
litigation to which the Lenders or the Administrator is a party in connection with the transactions contemplated hereby, or in connection with the enforcement of rights or remedies hereunder, (vii) to a Subsidiary or Affiliate of the Lenders
for a business reason related solely to the transactions contemplated hereby, or in connection with the administration or enforcement of this Agreement or any litigation to which the Lenders or the Administrator is a party in connection with the
transactions contemplated hereby, or (viii) to any nationally recognized statistical rating organization rating the commercial paper notes of Three Pillars or any non-hired nationally recognize statistical rating organization that provides to
Three Pillars or its agent the certification required by subsection (e) of Rule 17g-5 under the Securities and Exchange Act of 1934, as amended (or any successor provision to such subsection) (“Rule 17g-5”), and who agrees to
keep such information confidential as contemplated by Rule 17g-5, by posting such Information to a password protected internet website accessible to each such nationally recognized statistical rating organization in connection with, and subject to
the terms of Rule 17g-5; provided, further, that (x) unless specifically prohibited by applicable law or court order, each of the Lenders and the Administrator shall, prior to disclosure thereof, notify Jarden of any request for
disclosure of the Information (so that Jarden may seek to obtain a protective order in respect thereof or, at Jarden’s election, grant a waiver of compliance with this provisions of this Agreement) (A) by any Governmental Authority or
representative thereof (other than any such request in connection with an examination of the financial condition of the Lenders or the Administrator by such Governmental Authority) or (B) pursuant to legal process and (y) in no event shall
the Lenders or the Administrator be obligated or required to return the Information furnished by Jarden. 

Section 15.14. Entire Agreement. This Agreement and the other Transaction Documents executed and delivered herewith represent
the final agreement among the parties hereto and thereto and may not be contradicted by evidence of prior, contemporaneous or subsequent oral agreements of the parties. There are no unwritten oral agreements among the parties. 

Section 15.15. Limitation on Payments. Notwithstanding any provisions contained in this Agreement to the contrary, Three
Pillars shall not, nor shall it be obligated to, pay any amount pursuant to this Agreement unless (a) such Lender has received funds which may be used to make such payment and which funds are not required to repay its Commercial Paper Notes and
advances under its Support Agreements when due and (b) after giving effect to such payment, either (i) there is sufficient liquidity availability (determined in accordance with the Program Documents), under all of the liquidity facilities
for Three Pillars’ commercial paper program, to 
  

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pay the “Face Amount” (as defined below) of all its outstanding Commercial Paper Notes and advances under its Support Agreements when due or (ii) all of its Commercial Paper Notes
and advances under its Support Agreements are paid in full. Any amount which Three Pillars does not pay pursuant to the operation of the preceding sentence shall not constitute a claim (as defined in §101 of the Bankruptcy Code) against or an
obligation of Three Pillars for any such insufficiency unless and until such payment may be made in accordance with clauses (a) and (b) above. The agreements in this Section 15.15 shall survive termination of this Agreement and
payment of all obligations hereunder. As used in this Section 15.15, the term “Face Amount” means, with respect to outstanding Commercial Paper Notes or advances under Support Agreements, (x) the face amount of any such
Commercial Paper Notes issued on a discount basis, and (y) the principal amount of, plus the amount of all interest accrued and to accrue thereon to the stated maturity date of, any such Commercial Paper Notes issued on an interest-bearing
basis or any such advances under a Support Agreement. 
 Section 15.16. Certain Tax Matters. Notwithstanding any
other express or implied agreement to the contrary, the parties agree and acknowledge that each of them and each of their employees, representatives, and other agents may disclose without limitation of any kind, any information with respect to the
“tax treatment” and “tax structure” (in each case, within the meaning of Treasury Regulation Section 1.6011-4) of the transactions contemplated hereby and all materials of any kind (including opinions or other tax analyses)
that are provided to such Person relating to such tax treatment and tax structure; provided that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction
as well as other information, this sentence shall only apply to such portions of the document or similar item that relate to the tax treatment or tax structure of the Loans and transactions contemplated by this Agreement and the other Transaction
Documents. 
 Section 15.17. USA Patriot Act. Each Lender and Liquidity Bank that is subject to the requirements of
the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) hereby notifies the Borrower that pursuant to the requirements of the Act, it is required to obtain, verify, and record
information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or Liquidity Bank to identify the Borrower in accordance with the Patriot Act. 

[Remainder of Page Intentionally Left Blank] 

 

 -75- 

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

			
	JARDEN RECEIVABLES, LLC, as Borrower
		
	By:	 	SUNBEAM PRODUCTS, INC.
	Its:	 	manager and sole member
		
	By:	 	 /s/ John E. Capps

	Name:	 	John E. Capps
	Title:	 	Vice President
	
	JARDEN CORPORATION, as initial Servicer
		
	By:	 	 /s/ John E. Capps

	Name:	 	John E. Capps
	Title:	 	Senior Vice President

  

 S-1 

			
	 WELLS FARGO BANK, NATIONAL
ASSOCIATION,
     as Lender

		
	By:	 	 /s/ Elizabeth R. Wagner

	Name:	 	Elizabeth R. Wagner
	Title:	 	Vice President

 COMMITMENT:
$50,000,000 
  

 S-2 

			
	THREE PILLARS FUNDING LLC, as Lender
		
	By:	 	 /s/ Doris J. Hearn

	Name:	 	Doris J. Hearn
	Title:	 	Vice President

 COMMITMENT:
$250,000,000 
  

 S-3 

			
	 SUNTRUST ROBINSON HUMPHREY, INC.,as

    Administrator

		
	By:	 	 /s/ Michael G. Maza

	Name:	 	Michael G. Maza
	Title:	 	Managing Director

  

 S-4 

 REAFFIRMATION, ACKNOWLEDGEMENT, AND
CONSENT OF PERFORMANCE GUARANTOR 
 The undersigned, Jarden
Corporation, heretofore executed and delivered to the Administrator a Performance Undertaking dated August 24, 2006. The undersigned hereby acknowledges and consents to the Agreement as set forth above and confirms that its Performance
Undertaking, and all obligations of the undersigned thereunder, remains in full force and effect. The undersigned further agrees that the consent of the undersigned to any other amendment or modification to the Agreement or any of the Loan Documents
referred to therein (each as existing on the date hereof) shall not be required as a result of this consent having been obtained. The undersigned acknowledges that the Administrator and the Lenders are relying on the assurances provided herein in
entering into the Agreement set forth above and maintaining credit outstanding to the Borrower. 
  

			
	 JARDEN CORPORATION

		
	By:	 	 /s/ John E. Capps

	Name:	 	John E. Capps
	Title:	 	Senior Vice President

  

 S-1Second Amended and Restated Receivables Contribution and Sales Ageement

 Exhibit 10.2 

 
  

 
 SECOND
AMENDED AND RESTATED RECEIVABLES CONTRIBUTION AND SALE AGREEMENT 

Dated as of July 29, 2010 

among 
 BRK
BRANDS, INC., THE COLEMAN COMPANY, INC., HEARTHMARK, LLC, K-2 CORPORATION, 

K-2 INTERNATIONAL, INC., LEHIGH CONSUMER PRODUCTS LLC,
LOEW-CORNELL, LLC, 
 MARMOT MOUNTAIN, LLC, MIKEN
SPORTS, LLC, PENN FISHING TACKLE MFG. CO., 

PURE FISHING, INC., RAWLINGS SPORTING GOODS
COMPANY, INC., RIDE MANUFACTURING, INC., 

SEA STRIKER, LLC, SEVCA, LLC, SHAKESPEARE ALL
STAR ACQUISITION LLC, 
 SHAKESPEARE COMPANY, LLC,
SHAKESPEARE CONDUCTIVE FIBERS, LLC, 
 SITCA
CORPORATION, SUNBEAM PRODUCTS, INC., AND 

THE UNITED STATES PLAYING CARD COMPANY,

 as Originators, 

and 

JARDEN RECEIVABLES, LLC, 

as Buyer 
  

 
  

 TABLE OF CONTENTS 

 

					
	 SECTION
	 	 HEADING
	  	PAGE
	 ARTICLE I
	 	 AMOUNTS AND TERMS OF CONTRIBUTIONS
AND PURCHASE
	  	3
			
	 Section 1.1.
	 	 Contributions of Receivables
	  	3
	 Section 1.2.
	 	 Purchases of Receivables
	  	3
	 Section 1.3.
	 	 Purchases and Contributions
	  	3
	 Section 1.4.
	 	 Payment for the Purchases
	  	4
	 Section 1.5.
	 	 Deemed Collections; Purchase Price Credit Adjustments
	  	4
	 Section 1.6.
	 	 Payments and Computations, Etc
	  	5
	 Section 1.7.
	 	 License of Software
	  	5
	 Section 1.8.
	 	 Characterization
	  	6
			
	 ARTICLE II
	 	 REPRESENTATIONS AND WARRANTIES
	  	7
			
	 Section 2.1.
	 	 Representations and Warranties of Originators
	  	7
			
	 ARTICLE III
	 	 CONDITIONS OF PURCHASE
	  	11
			
	 Section 3.1.
	 	 Conditions Precedent to Second Restatement Effective Date
	  	11
	 Section 3.2.
	 	 Conditions Precedent to Payments
	  	11
			
	 ARTICLE IV
	 	 COVENANTS
	  	12
			
	 Section 4.1.
	 	 Affirmative Covenants of Originators
	  	12
	 Section 4.2.
	 	 Negative Covenants of Originators
	  	16
			
	 ARTICLE V
	 	 TERMINATION EVENTS
	  	17
			
	 Section 5.1.
	 	 Termination Events
	  	17
	 Section 5.2.
	 	 Remedies
	  	18
			
	 ARTICLE VI
	 	 INDEMNIFICATION
	  	19
			
	 Section 6.1.
	 	 Indemnities by Originators
	  	19
	 Section 6.2.
	 	 Other Costs and Expenses
	  	21
	 Section 6.3.
	 	 Taxes
	  	21
			
	 ARTICLE VII
	 	 JOINDER OF ADDITIONAL ORIGINATORS
	  	21
			
	 Section 7.1.
	 	 Addition of New Originators
	  	21
	 Section 7.2.
	 	 Documentation
	  	22
			
	 ARTICLE VIII
	 	 MISCELLANEOUS
	  	22
			
	 Section 8.1.
	 	 Waivers and Amendments
	  	22
	 Section 8.2.
	 	 Notices
	  	22

  

 -i- 

					
	 Section 8.3.
	 	 Protection of Ownership Interests of Buyer
	  	22
	 Section 8.4.
	 	 Confidentiality
	  	23
	 Section 8.5.
	 	 Bankruptcy Petition
	  	24
	 Section 8.6.
	 	 Return of Funds Not Constituting Collections
	  	24
	 Section 8.7.
	 	 Choice of Law
	  	24
	 Section 8.8.
	 	 Consent to Jurisdiction
	  	24
	 Section 8.9.
	 	 Waiver of Jury Trial
	  	25
	 Section 8.10.
	 	 Integration; Binding Effect; Survival of Terms
	  	25
	 Section 8.11.
	 	 Counterparts; Severability; Section References
	  	25

 EXHIBITS
AND SCHEDULES 
  

					
	EXHIBIT I	 	—	  	Definitions
	EXHIBIT II	 	—  	  	Jurisdictions of Organization; Chief Executive Offices; Principal Places of Business; Locations of Records; Federal Employer Identification Numbers; Other Names
	EXHIBIT III	 	—  	  	Lock-Box Accounts
	Exhibit IV	 	—  	  	Form of Compliance Certificate
	EXHIBIT V	 	—  	  	Form of Purchase and Contribution Report
	EXHIBIT VI	 	—  	  	Form of Joinder Agreement
	SCHEDULE A	 	—  	  	List of Documents to Be Delivered to Buyer Prior to Second Restatement Effective Date
	SCHEDULE B	 	—  	  	List of Documents to Be Delivered to Buyer Prior to Becoming an Originator
	SCHEDULE C	 	—  	  	Notice Addresses

  

 -ii- 

 SECOND AMENDED AND RESTATED
RECEIVABLES CONTRIBUTION AND SALE AGREEMENT 

THIS SECOND AMENDED AND RESTATED RECEIVABLES
CONTRIBUTION AND SALE AGREEMENT, dated as of July 29, 2010, is by and among: 

(1) BRK BRANDS, INC., a Delaware corporation (“BRK”), THE
COLEMAN COMPANY, INC., a Delaware corporation (“Coleman”), HEARTHMARK, LLC, a Delaware limited liability company (“Hearthmark”), K-2
CORPORATION, an Indiana corporation (“K-2 Corp.”), K-2 INTERNATIONAL, INC., an Indiana corporation (“K-2 Int’l.”), LEHIGH CONSUMER
PRODUCTS LLC, a Delaware limited liability company (“Lehigh”), LOEW-CORNELL, LLC, a Delaware limited liability company (“Loew”), MARMOT
MOUNTAIN, LLC, a Delaware limited liability company (“Marmot”), MIKEN SPORTS, LLC, a Delaware limited liability company (“Miken”), PENN
FISHING TACKLE MFG. CO., a Pennsylvania corporation (“Penn”), PURE FISHING, INC., an Iowa corporation
(“Pure”), RAWLINGS SPORTING GOODS COMPANY, INC., a Delaware corporation (“Rawlings”), RIDE MANUFACTURING,
INC., a California corporation (“Ride”), SEA STRIKER, LLC, a Delaware limited liability company (“Sea”), SEVCA, LLC, a Delaware limited liability company
(“Sevca”), SHAKESPEARE ALL STAR ACQUISITION LLC, a Delaware limited liability company (“Shakespeare All Star”), SHAKESPEARE
COMPANY, LLC, a Delaware limited liability company (“Shakespeare Co.”), SHAKESPEARE CONDUCTIVE FIBERS, LLC, a Delaware limited liability company (“Shakespeare
Conductive”), SITCA CORPORATION, a Washington corporation, (“Sitca”), SUNBEAM PRODUCTS, INC., a Delaware corporation (“Sunbeam”),
and THE UNITED STATES PLAYING CARD COMPANY, a Delaware corporation (“US Playing Card”); (each, together with any New Originator (as
hereinafter defined), herein referred to collectively as the “Originators” and each as an “Originator”); and 

(2) JARDEN RECEIVABLES, LLC, a Delaware limited liability company
(“Buyer”). 
 This Agreement amends and restates in its entirety that certain Amended and Restated Receivables
Contribution and Sale Agreement dated as of August 8, 2007, among the parties (the “Existing Agreement”), which Existing Agreement amended and restated in its entirety that certain Receivables Contribution and Sale Agreement
dated as of August 24, 2006 among the parties (the “Original Agreement”). Unless defined elsewhere herein, capitalized terms used in this Agreement shall have the meanings assigned to such terms in Exhibit I hereto (or, if
not defined in Exhibit I hereto, the meanings assigned to such terms in the Loan Agreement). 
 PRELIMINARY
STATEMENTS 
 Pursuant to the Original Agreement, on the Original Funding Date, Sunbeam contributed certain
Receivables (the “Original Contributed Receivables”) to the capital of Buyer, and Coleman sold certain Receivables (the “Original Purchased Receivables”) to Borrower in consideration for the purchase price set forth
in the Original Agreement. 

 After the Original Funding Date, Coleman and Sunbeam sold additional Receivables (the
“Original Additional Purchased Receivables” and, together with the Original Contributed Receivables and the Original Purchased Receivables, the “Original Receivables”) to Buyer in consideration for the purchase
price set forth in the Original Agreement. From and after the Original Funding Date and prior to the Second Restatement Effective Date, no further contributions of Receivables were made by Sunbeam. 

On the Restatement Effective Date, the Restatement Date Originators sold initial Receivables (the “Initial Purchased Restatement
Date Receivables”) to the Buyer and after the Restatement Effective Date Sunbeam, Coleman and the Restatement Originators sold additional Receivables (the “Additional Purchased Restatement Date Receivables”) to the Buyer in
consideration for the purchase price set forth in the Existing Agreement. 
 Pursuant to a Joinder Agreement, dated as of
September 29, 2009, among the Buyer, the Originators party thereto, BRK, Lehigh, Loew and Miken became a party to the Existing Agreement as an Originator thereunder and became bound by the provisions thereof and accordingly sold Receivables to
the Buyer pursuant to the terms of the Existing Agreement. 
 Each of the Originators and the Buyer desire to amend and restate
the Existing Agreement in its entirety. 
 Each of the Originators now owns, and from time to time hereafter will own,
Receivables. Each of the Originators wishes to sell and assign to Buyer, and Buyer wishes to purchase from such Originator, all of such Originator’s right, title and interest in and to such Receivables, together with the Related Security and
Collections with respect thereto. 
 Each of the Originators and Buyer intend the transactions contemplated hereby to be true
sales of the Receivables from such Originator to Buyer, providing Buyer with the full benefits of ownership of the Receivables, and neither the Originators nor Buyer intend these transactions to be, or for any purpose to be characterized as, loans
from Buyer to any Originator. 
 Buyer plans to finance its purchases of Receivables hereunder by borrowing under that certain
Second Amended and Restated Loan Agreement dated as of July 29, 2010 (as the same may from time to time hereafter be amended, supplemented, restated or otherwise modified, the “Loan Agreement”) among Buyer, as borrower,
JARDEN CORPORATION, a Delaware corporation, as initial servicer (the “Initial Servicer”), THREE PILLARS FUNDING LLC, a Delaware limited liability company
(together with its successors and permitted assigns, the “Three Pillars”), WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo” and
together with Three Pillars, the “Lenders” and each individually, a “Lender”) and SUNTRUST ROBINSON HUMPHREY, INC., a Tennessee corporation, as agent and
administrator for the Lenders (in such capacity, together with its successor and assigns in such capacity, the “Administrator”). 

NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  

 -2- 

 ARTICLE I 

AMOUNTS AND TERMS OF CONTRIBUTIONS AND
PURCHASES 
 Section 1.1. Contributions of Receivables. From time to time on and after the Second
Restatement Effective Date, Sunbeam in its sole discretion may contribute to Buyer’s capital, and Buyer agrees to accept from Sunbeam, Additional Contributed Receivables, together with all Related Security relating thereto and all Collections
thereof. 
 Section 1.2. Purchases of Receivables. Effective on the Second Restatement Effective Date, in
consideration for the Purchase Price and upon the terms and subject to the conditions set forth herein, each Originator does hereby sell, assign, transfer, set-over and otherwise convey to Buyer, without recourse (except to the extent expressly
provided herein), and Buyer does hereby purchase from such Originator, all of such Originator’s right, title and interest in and to the Receivables existing as of the Second Restatement Effective Date and thereafter arising through and
including the Termination Date, together, in each case, with all Related Security relating thereto and all Collections thereof. 

In accordance with the preceding clause, on the Second Restatement Effective Date, Buyer shall acquire all of each Originators’
right, title and interest in and to the Receivables existing as of the Second Restatement Effective Date and thereafter arising through and including the Termination Date, together with all Related Security relating thereto and all Collections
thereof. Buyer shall be obligated to pay the Purchase Price for the Receivables purchased from each Originator hereunder in accordance with Section 1.4. 

Section 1.3. Purchases and Contributions. (a) At least two (2) Business Days prior to each Distribution Date (each,
a “Monthly Reporting Date”), each Originator shall (or shall require the Servicer to) deliver to Buyer a report in substantially the form of Exhibit V hereto (each such report being herein called a “Purchase and
Contribution Report”) with respect to the Receivables sold or, as applicable, contributed by such Originator to Buyer during the Calculation Period then most recently ended. In addition to, and not in limitation of, the foregoing, in
connection with the payment of the Purchase Price for any Receivables purchased hereunder, Buyer may request that the applicable Originator deliver, and such Originator shall deliver, such approvals, opinions, information or documents as Buyer may
reasonably request. 
 (b) It is the intention of the parties hereto that each Purchase and contribution of Receivables made
hereunder, under the Existing Agreement or the Original Agreement shall constitute a sale or other outright transfer, which sale or transfer is absolute and irrevocable and provides Buyer with the full benefits of ownership of the Receivables.
Except for the Purchase Price Credits owed pursuant to Section 1.5, each sale and contribution of Receivables hereunder, under the Existing Agreement or the Original Agreement is made without recourse to any Originator; provided,
however, that (i) each Originator shall be liable to Buyer for all representations, warranties, covenants and indemnities made by such Originator pursuant to the terms of the Transaction Documents to which such Originator is a party, and
(ii) no such sale shall constitute or is intended to result in an assumption by Buyer or any assignee thereof of any obligation of any Originator or any other Person arising in connection with the Receivables, the

  

 -3- 

 
related Contracts and/or other Related Security or any other obligations of any Originator. In view of the intention of the parties hereto that each Purchase and contribution of Receivables made
hereunder, under the Existing Agreement and the Original Agreement shall constitute a sale or other outright transfer of such Receivables rather than loans secured thereby, each of the Originators agrees that on or prior to the date on which it
became or hereafter becomes a party to this Agreement and in accordance with Section 4.1(e)(ii), it will mark its master data processing records relating to the Receivables originated by such Originator with an indication acceptable to Buyer
and to the Administrator (as Buyer’s assignee) evidencing that Buyer has acquired such Receivables as provided in this Agreement and to note in its financial statements that its Receivables have been sold or contributed to Buyer. Upon the
request of Buyer or the Administrator (as Buyer’s assignee), each Originator will execute (if required) and file such financing or continuation statements, or amendments thereto or assignments thereof, and such other instruments or notices, as
may be necessary or appropriate to perfect and maintain the perfection of Buyer’s ownership interest in the Receivables and the Related Security and Collections with respect thereto, or as Buyer or the Administrator (as Buyer’s assignee)
may reasonably request. 
 Section 1.4. Payment for the Purchases. (a) From and after the Second Restatement
Effective Date, the Purchase Price for each Purchase (i) shall be paid to the applicable Originator by delivery of immediately available funds to the extent of funds loaned to or Collections made available to Buyer under the Loan Agreement
(except that Buyer may, with respect to any such Purchase Price, offset against such Purchase Price any amounts owed by such Originator to Buyer hereunder and which have become due but remain unpaid), (ii) shall be paid to such Originator in
the manner provided in the following paragraph (b), and (iii) shall be due and owing in full by Buyer to the applicable Originator or its designee on the latest to occur of (A) the Second Restatement Effective Date, (B) such later
date on which such Originator becomes party to this Agreement, and (C) the date each such Receivable comes into existence. From and after the Termination Date, no Originator shall be obligated to sell Receivables to Buyer. 

(b) Although the Purchase Price for each Purchased Receivable shall be due and payable in full by Buyer to such Originator on the date
specified in Section 1.4(a), settlement of the Purchase Price between Buyer and each Originator may be effected on a monthly basis on Settlement Dates with respect to all Receivables coming into existence during the same Calculation Period and
based on the information contained in the Purchase and Contribution Report delivered by such Originator for the Calculation Period then most recently ended. Although settlement shall be effected on Settlement Dates, any contribution of capital by
Sunbeam to Buyer made pursuant to Section 1.1 shall be deemed to have occurred and shall be effective as of the last Business Day of the Calculation Period to which such settlement relates. 

Section 1.5. Deemed Collections; Purchase Price Credit Adjustments. If on any day: 

(a) the Outstanding Balance of a Purchased Receivable is: 

(i) reduced as a result of any defective or rejected or returned goods or services, any discount or any adjustment or
otherwise by the applicable Originator (other than as a result of such Receivable becoming a Charge-Off or to reflect cash Collections on account of such Receivable), 

 

 -4- 

 (ii) reduced or canceled as a result of a setoff in respect of any claim by
any Person (whether such claim arises out of the same or a related transaction or an unrelated transaction), or 

(b) any of the representations and warranties set forth in Sections 2.1(h), (i), (j), (l), (r), (s), (t), (u), the second
sentence of Section 2.1(q) hereof and the last clause (relating to bulk sales laws) of Section 2.1(c) are not true when made or deemed made with respect to any Purchased Receivable, 

then, in such event, the applicable Originator shall be deemed to have received a Collection of such Purchased Receivable (each such Purchased
Receivable, a “Defective Receivable”), and Buyer shall be entitled to a credit (each, a “Purchase Price Credit”) against the Purchase Price otherwise payable hereunder with respect to Receivables originated by such
Originator, in each case, in an amount equal to the Outstanding Balance of such Purchased Receivable (calculated before giving effect to the applicable reduction or cancellation). If such Purchase Price Credit exceeds the Original Balance of all
Purchased Receivables coming into existence during the two-week period beginning on such day, then the applicable Originator shall pay the remaining amount of such Purchase Price Credit in cash immediately. 

Upon receipt of a Purchase Price Credit for a Defective Receivable from the applicable Originator, Buyer shall automatically and without
further action convey and assign to such Originator Buyer’s right, title and interest in and to such Defective Receivable without recourse, representation or warranty of any kind, except as to the absence of liens, charges or encumbrances
created by or arising solely as a result of actions of Buyer or the Administrator. Such assignment shall be a sale and assignment outright and not for security. 

Section 1.6. Payments and Computations, Etc. All amounts to be paid or deposited by Buyer hereunder shall be paid or
deposited in accordance with the terms hereof on the day when due in immediately available funds to the account of the applicable Originator designated from time to time by such Originator or as otherwise directed by such Originator. In the event
that any payment owed by any Person hereunder becomes due on a day that is not a Business Day, then such payment shall be made on the next succeeding Business Day. If any Person fails to pay any amount hereunder when due, such Person agrees to pay,
on demand, a fee on such amounts at a rate per annum equal to the Default Rate until paid in full; provided, however, that such fee shall not at any time exceed the maximum rate permitted by applicable law. All computations of fees payable
hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. 

Section 1.7. License of Software. (a) To the extent that any software used by any Originator to account for the
Receivables originated by it is non-transferable, such Originator hereby grants to Buyer, the Administrator and Servicer an irrevocable, non-exclusive license to use, without royalty or payment of any kind, all such software used by such Originator
to account for such Receivables, to the extent necessary to administer such Receivables, whether 
  

 -5- 

 
such software is owned by such Originator or is owned by others and used by such Originator under license agreements with respect thereto, provided that should the consent of any licensor
of such software be required for the grant of the license described herein, to be effective, the applicable Originator hereby agrees that upon the request of Buyer (or its assigns), such Originator will use its reasonable efforts to obtain the
consent of such third-party licensor. The license granted hereby shall be irrevocable until the later to occur of (i) indefeasible payment in full of the Obligations (as defined in the Loan Agreement), and (ii) the date on which each of
this Agreement and the Loan Agreement terminates in accordance with its terms. 
 (b) Each Originator (i) shall take such
action requested by Buyer and/or the Administrator (as the ultimate assignee), from time to time hereafter, that may be necessary or appropriate to ensure that Buyer under the Loan Agreement has an enforceable ownership interest in the records
included in the Receivable Files relating to the Receivables acquired from such Originator hereunder, and (ii) shall use its reasonable efforts to ensure that Buyer, the Administrator and Servicer each has an enforceable right (whether by
license or sublicense or otherwise) to use all of the computer software used to account for such Receivables and/or to recreate such records. 

Section 1.8. Characterization. If, notwithstanding the intention of the parties expressed in Section 1.3(b), any sale or
contribution by any Originator of Receivables hereunder shall be characterized as a secured loan and not as a sale or contribution, or such sale or contribution shall for any reason be ineffective or unenforceable, then this Agreement shall be
deemed to constitute a security agreement under the UCC and other applicable law, and each of the Originators and Buyer represents and warrants as to itself that each remittance of Collections by any Originator to Buyer under this Agreement is
(i) in payment of a debt incurred by the applicable Originator in the ordinary course of business or financial affairs of such Originator and Buyer and (ii) made in the ordinary course of business or financial affairs of such
Originator and Buyer. For this purpose and without being in derogation of the parties’ intention that each transfer of Receivables by an Originator hereunder shall constitute a true sale or contribution thereof: Each Originator hereby grants to
Buyer a valid and continuing security interest in all of such Originator’s right, title and interest in, to and under all Receivables which are now existing or hereafter arising and are intended to be sold or contributed by such Originator to
Buyer in accordance with the terms of this Agreement, all Collections and Related Security with respect thereto, all other rights and payments relating to such Receivables and all proceeds of the foregoing to secure the prompt and complete payment
of a loan deemed to have been made in an amount equal to the Purchase Price of the Receivables purchased from such Originator together with all other obligations of such Originator hereunder, which security interest shall be prior to all other
Adverse Claims thereto. Buyer and its assigns shall have, in addition to the rights and remedies which they may have under this Agreement, all other rights and remedies provided to a secured creditor under the UCC and other applicable law, which
rights and remedies shall be cumulative. 
  

 -6- 

 ARTICLE II 

REPRESENTATIONS AND WARRANTIES 

Section 2.1. Representations and Warranties of Originators. Each of the Originators hereby represents and warrants to Buyer
on the Closing Date and on each Purchase Date thereafter as to such Originator and the Receivables originated by it that: 

(a) Existence and Power. Such Originator is duly organized under the laws of its jurisdiction of organization as
specified in Exhibit II hereto. Such Originator is validly existing and in good standing under the laws of its jurisdiction of organization and is duly qualified to do business and is in good standing as a foreign corporation and has and holds
all corporate or company power and all governmental licenses, authorizations, consents and approvals required to carry on its business in each jurisdiction in which its business is conducted except where the failure to so qualify or so hold could
not reasonably be expected to have an Originator Material Adverse Effect. 
 (b) Power and Authority; Due
Authorization, Execution and Delivery. The execution and delivery by such Originator of this Agreement and each other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder, and such
Originator’s use of the proceeds of each Purchase made from it hereunder, are within its corporate powers and authority and have been duly authorized by all necessary action on its part. This Agreement and each other Transaction Document to
which such Originator is a party has been duly executed and delivered by such Originator. 
 (c) No
Conflict. The execution and delivery by such Originator of this Agreement and each other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder do not contravene or violate (i) its
Organizational Documents, (ii) any law, rule or regulation applicable to it, (iii) any restrictions under any agreement, contract or instrument to which it is a party or by which it or any of its property is bound, or (iv) any order,
writ, judgment, award, injunction or decree binding on or affecting it or its property, and do not result in the creation or imposition of any Adverse Claim on assets of such Originator or its Subsidiaries (except as created hereunder) except, in
any case, where such contravention or violation could not reasonably be expected to have an Originator Material Adverse Effect; and no transaction contemplated hereby requires compliance with any bulk sales act or similar law other than compliance,
if required, with any notice requirements which are satisfied prior to the Purchase Date with respect thereto. 

(d) Governmental Authorization. Other than the filing of the financing statements required hereunder, no
authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is required for the due execution and delivery by such Originator of this Agreement and each other Transaction Document to
which it is a party and the performance of its obligations hereunder and thereunder. 
  

 -7- 

 (e) Actions, Suits. There is no litigation, arbitration, governmental
investigation, proceeding or inquiry pending or, to the actual knowledge of any of their officers, threatened against or affecting such Originator or any of its Subsidiaries which could reasonably be expected to have an Originator Material Adverse
Effect or which seeks to prevent, enjoin or delay any Purchase. Other than any liability incident to any litigation, arbitration or proceeding that could not reasonably be expected to have an Originator Material Adverse Effect, such Originator and
its Subsidiaries have no material contingent obligations not provided for or disclosed in the footnotes to its financial statements delivered prior to the Closing Date. 

(f) Binding Effect. This Agreement and each other Transaction Document to which such Originator is a party
constitute the legal, valid and binding obligations of such Originator enforceable against such Originator in accordance with their respective terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or
other similar laws relating to or limiting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law). 

(g) Accuracy of Information. Each Originator Representation, Originator Financial Statement, Compliance
Certificate, Notice of Termination event, Notice of Originator Material Adverse Effect, Receivables and Originator Information and Purchase and Contribution Report shall be complete and correct and fairly present the information contained therein in
all material respects as of the date made, reported, or certified, as applicable (provided that the foregoing materiality threshold shall not be applicable with respect to any representation or warranty which itself contains a materiality
threshold), and do not contain any material misstatement of fact as of such date or omit to state a material fact or any fact necessary to make the information contained therein, taken as a whole with all other written information provided by
Authorized Officers as of such date, not misleading as of such date 
 (h) Use of Proceeds. No portion of
any Purchase Price payment hereunder will be used for a purpose that violates, or would be inconsistent with, any law, rule or regulation applicable to such Originator. 

(i) Good Title. Upon creation by such Originator of each Receivable and immediately prior to its Purchase
hereunder, such Originator (i) is the legal and beneficial owner of each such Receivable and its Collections and (ii) is the legal and beneficial owner of the Related Security with respect thereto or possesses a valid and perfected
security interest therein, in each case, free and clear of any Adverse Claim, except as created by the Transaction Documents. 

(j) Perfection. This Agreement, together with the filing of the financing statements contemplated hereby, is
effective to transfer to Buyer (and Buyer shall acquire from such Originator): (i) legal and equitable title to, with the right to sell and encumber each Receivable originated by such Originator, whether now existing and hereafter arising,
together with the Collections with respect thereto, and (ii) all of such Originator’s 
  

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right, title and interest in the Related Security associated with each such Receivable, in each case, free and clear of any Adverse Claim, except as created by the Transactions Documents. There
have been duly filed all financing statements or other similar instruments or documents necessary under the UCC (or any comparable law) of all appropriate jurisdictions solely to the extent required to perfect Buyer’s ownership interest in such
Receivables, the Related Security and the Collections. In the event that, contrary to the mutual intent of such Originator and the Buyer, any Purchase of Purchased Assets hereunder is not characterized as a sale but rather as a collateral transfer
for security (or the transactions contemplated hereby are characterized as a financing transaction), this Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Purchased Assets in favor of the Buyer,
which security interest is prior to all other security interests, and enforceable as such as against creditors of and purchasers from such Originator. 

(k) Chief Executive Office and Locations of Records. The location of the chief executive office of such Originator
and the offices where it keeps all of its Receivable Files are located at the address(es) listed on Exhibit II or such other locations of which Buyer has been notified in accordance with Section 4.2(a) in jurisdictions where all action
required by Section 4.2(a) has been taken and completed. Such Originator’s Federal Employer Identification Number and State Organizational Identification Number are correctly set forth on Exhibit II. 

(l) Deposit and Concentration Accounts. The banks, account names and account numbers for all existing Lock-Boxes
and Lock-Box Accounts are correctly listed on Exhibit III. Each of the Lock-Box Accounts has been transferred into Buyer’s name. Such Originator has not granted any Person, other than Buyer (and the Administrator, as its pledgee) dominion
and control of any Lock-Box or Lock-Box Account, or the right to take dominion and control of any such account at a future time or upon the occurrence of a future event. 

(m) Originator Material Adverse Effect. Since December 31, 2005, no event has occurred that would have an
Originator Material Adverse Effect. 
 (n) Names. In the five (5) years preceding the Closing Date,
such Originator has not used any corporate names, trade names or assumed names other than (i) the name in which it has executed this Agreement and (ii) as listed on Exhibit II. 

(o) Ownership. Jarden owns, directly or indirectly, 100% of the issued and outstanding equity interests of Buyer
and each Originator. All such equity interests are validly issued, fully paid and nonassessable, and there are no options, warrants or other rights to acquire securities of Buyer. 

(p) Not an Investment Company. Such Originator is not an “investment company” within the meaning of the
Investment Company Act of 1940, as amended, or any successor statute. 
  

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 (q) Compliance with Law. Such Originator has complied with all
applicable laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it may be subject, except where the failure to so comply could not reasonably be expected to have an Originator Material Adverse Effect. Each
Receivable, together with the Contract related thereto, does not contravene any laws, rules or regulations applicable thereto (including, without limitation, laws, rules and regulations relating to truth in lending, fair credit billing, fair credit
reporting, equal credit opportunity, fair debt collection practices and privacy), and no part of such Contract is in violation of any such law, rule or regulation, except where such contravention or violation could not reasonably be expected to have
an Originator Material Adverse Effect. 
 (r) Compliance with Credit and Collection Policy. With regard to
each Receivable, such Originator has complied in all material respects with its Credit and Collection Policy and the related Contract. Such Originator has not made any change to its Credit and Collection Policy, except in accordance with
Section 9.2.3 of the Loan Agreement. 
 (s) Payments to Originator. With regard to each Receivable
originated by such Originator, the Purchase Price received, or to be received, by such Originator constitutes, or will constitute, reasonably equivalent value in consideration therefor. No transfer hereunder by such Originator of any Receivable is
or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11 U.S.C. §§ 101 et seq.), as amended. 

(t) Enforceability of Contracts. As of the Purchase Date of each Receivable originated by such Originator, each
Contract with respect to such Receivable is, on such date, effective to create, and has created, a legally valid and binding obligation of the related Obligor to pay the Outstanding Balance of the Receivable created thereunder and any accrued
interest thereon, enforceable against the Obligor in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights
generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law). 

(u) Accounting. The manner in which such Originator accounts for the transactions contemplated by this Agreement in
its financial statements does not jeopardize the characterization of the transactions contemplated herein as being true sales. 

(v) Solvency. Such Originator is Solvent. 

(w) Receivables as Accounts. The Receivables constitute “accounts” within the meaning of the UCC.

 (x) Priority. Other than the security interest granted to the Buyer pursuant to this Agreement, such
Originator has not pledged, assigned, sold granted a security interest in, or otherwise conveyed any of the Purchased Receivables. Such Originator has 

 

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not authorized the filing of and is not aware of any financing statements against such Originator that include a description of collateral covering the Purchased Receivables other than any
financing statement (i) relating to the security interest granted to Administrator (for the benefit of the Secured Parties), hereunder or under the Existing Agreement, or (ii) that has been terminated. Such Originator is not aware of any
judgment or tax lien filings against such Originator. 
 ARTICLE III 

CONDITIONS OF PURCHASE 

Section 3.1. Conditions Precedent to Second Restatement Effective Date. Effectiveness of this Agreement and the Purchase on
the Second Restatement Effective Date under this Agreement are subject to the conditions precedent that (a) Buyer shall have received on or before the Closing Date those documents listed on Schedule A, and (b) all of the conditions to
the Loan to be made on the Closing Date under the Loan Agreement shall have been satisfied or waived in accordance with the terms thereof. 

Section 3.2. Conditions Precedent to Payments. From and after the Second Restatement Effective Date, Buyer’s obligation
to pay for each Receivable shall be subject to the further conditions precedent that: (a) the Commitment Termination Date shall not have occurred under the Loan Agreement; (b) Buyer (or its assigns) shall have received such other documents
as it may reasonably request; and (c) on the date such Receivable came into existence, the following statements shall be true (and acceptance of the proceeds of any payment for such Receivable shall be deemed a representation and warranty by
such Originator that such statements are then true): 
 (i) the representations and warranties of such Originator
set forth in Article II are true and correct on and as of the date such Receivable came into existence as though made on and as of such date; and 

(ii) no event has occurred and is continuing that will constitute a Termination Event or an Unmatured Termination Event.

 Notwithstanding the foregoing conditions precedent, upon the applicable Purchase Date for a Receivable, title to such
Receivable and the Related Security and Collections with respect thereto shall vest in Buyer, whether or not the conditions precedent to Buyer’s obligation to pay for such Receivable were in fact satisfied and whether or not the Purchase Price
has actually been paid as of such date. If any Originator fails to satisfy any of the foregoing conditions precedent, however, Buyer shall rescind the related Purchase and direct the applicable Originator to pay to Buyer an amount equal to the
Purchase Price payment, if any, made with respect to the Receivables included in such Purchase. 
  

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 ARTICLE IV 

COVENANTS 

Section 4.1. Affirmative Covenants of Originators. Until the date on which this Agreement terminates in accordance with its
terms, each Originator hereby covenants as set forth below: 
 (a) Financial Reporting. Such Originator
will cause Jarden to maintain, for itself and each Consolidated Subsidiary, a system of accounting established and administered in accordance with generally accepted accounting principles, and furnish to the Administrator (as Buyer’s pledgee)
for distribution to the Lenders: 
 (i) Annual Reporting. Within 90 days after the close of each of its
fiscal years, an audit report (with all amounts stated in Dollars) certified by independent certified public accountants of recognized national standing or otherwise reasonably acceptable to the Administrator, prepared in accordance with GAAP on a
consolidated basis for Jarden and the Consolidated Subsidiaries, including a consolidated balance sheet and the related consolidated statements of income, cash flows and statements of changes in common shareholders’ equity, setting forth in
each case in comparative form the figures for such fiscal year and the previous fiscal year (which report shall be unqualified as to going concern and scope of audit). 

(ii) Quarterly Reporting. Within 45 days after the close of the first three quarterly periods of each of its fiscal
years, for Jarden and the Consolidated Subsidiaries, an unaudited consolidated balance sheet as at the close of each such period and a consolidated income statement and a statement of cash flows for the period from the beginning of such fiscal year
to the end of such quarter, setting forth in the case of such statements of income and cash flows in comparative form the figures for the corresponding quarter and the corresponding portion of Jarden’s previous fiscal year, all certified
(subject to normal year-end audit adjustments) as to fairness of presentation, preparation in accordance with GAAP by a Authorized Officer of Jarden. 

Notwithstanding anything to the contrary, the Originators shall be deemed to have complied with the delivery requirements under clauses
(i) and (ii) of this Section 4.1(a) by making publicly available the required documents through Jarden’s website at www.jarden.com, or at www.sec.gov or other publicly available electronic medium and providing the hyperlink or
other appropriate internet address information for obtaining such information; provided that the Originators shall deliver paper copies of any statements, reports, financial statements and other information referred to in clauses (i) and
(ii) of this Section 4.1(a) to the Administrator promptly upon request following such filing. 
 (iii)
Compliance Certificate. Together with the financial statements required hereunder, a compliance certificate in substantially the form of Exhibit IV signed by a Authorized Officer of Jarden and dated the date of such annual financial
statement or such quarterly financial statement, as the case may be. 
  

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 (iv) [Reserved] 

(v) Change in Credit and Collection Policy. At least five (5) days prior to the effectiveness of any material
change in or material amendment to such Originator’s Credit and Collection Policy, a copy of the Credit and Collection Policy then in effect and a notice (A) indicating such proposed material change or material amendment, and (B) if
such proposed change or amendment would be reasonably likely to materially and adversely affect the collectibility of the Receivables originated by such Originator or decrease the credit quality of its newly created Receivables in any material
respect, requesting Buyer’s (and the Administrator’s, as Buyer’s pledgee) consent thereto. 
 (vi)
Other Information. Promptly, from time to time, such other information, documents, records or reports relating to the Receivables originated by such Originator or the condition or operations, financial or otherwise, of such Originator as
Buyer (or its assigns) may from time to time reasonably request in order to protect the interests of Buyer (and its assigns) under or as contemplated by this Agreement. 

(b) Notices. As soon as practicable and in any event within two (2) Business Days after learning of any of the following,
such Originator will notify Buyer (or its assigns) in writing of any of the following, describing the same and, if applicable, the steps being taken with respect thereto: 

(i) Termination Events or Unmatured Termination Events. The occurrence of each Termination Event and each Unmatured
Termination Event, by a statement of a Authorized Officer of such Originator. 
 (ii) Originator Material
Adverse Effect. The occurrence of any event or condition that has had, or could reasonably be expected to have, an Originator Material Adverse Effect. 

(c) Compliance with Laws and Preservation of Existence. Such Originator will comply in all respects with all applicable laws,
rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it may be subject, except where the failure to so comply could not reasonably be expected to have an Originator Material Adverse Effect. Such Originator will
preserve and maintain its legal existence, rights, franchises and privileges in the jurisdiction of its organization, and qualify and remain qualified in good standing as a foreign entity in each jurisdiction where its business is conducted, except
where the failure to so qualify or remain in good standing could not reasonably be expected to have an Originator Material Adverse Effect. 

(d) Audits. Such Originator will furnish to Buyer and the Administrator (as Buyer’s pledgee) from time to time such
information with respect to such Originator and the Receivables sold or contributed by it as Buyer or the Administrator may reasonably request. Such Originator will, from time to time during regular business hours as requested by Buyer (or the

  

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Administrator), upon reasonable notice and at the sole cost of such Originator, permit an accounting firm designated by Buyer and reasonably acceptable to the Administrator, on at least a
semi-annual basis: (i) to examine and make copies of and abstracts from all Receivable Files in the possession or under the control of such Originator and other records relating to the Receivables, the Collections and the Related Security,
including, without limitation, the related Contracts, and (ii) to visit the offices and properties of such Originator for the purpose of examining such materials described in clause (i) above, and to discuss matters relating to such
Originator’s financial condition or the Receivables and the Related Security or such Originator’s performance under any of the Transaction Documents or such Originator’s performance under the Contracts and, in each case, with any of
the officers or employees of such Originator having knowledge of such matters; provided, that unless and until a Termination Event shall have occurred and be continuing, the Originators shall not be responsible to pay for more than one
(1) inspection during each (12) month period thereafter. 
  

	 	(e)	Keeping and Marking of Records and Books. 

(i) Such Originator will maintain and implement administrative and operating procedures (including, without limitation, an
ability to recreate records evidencing the Receivables originated by it in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the
collection of all Receivables (including, without limitation, records adequate to permit the immediate identification of each new Receivable and all Collections of and adjustments to each existing Receivable). Such Originator will give Buyer (or its
assigns) notice of any material change in the administrative and operating procedures referred to in the previous sentence. 

(ii) Such Originator will (A) on or prior to the Closing Date, mark its master data processing records and other
books and records relating to the Receivables with a legend, acceptable to Buyer (or its assigns), describing Buyer’s ownership interests in the Receivables and further describing the security interest of the Administrator (on behalf of the
Secured Parties) under the Loan Agreement and (B) upon the request of Buyer (or its assigns) from and after the occurrence of a Termination Event: (x) mark each invoice evidencing any Receivable and each Contract constituting chattel paper
with a legend describing Buyer’s ownership thereof and further describing the security interest of the Administrator (on behalf of the Lenders and their assigns) and (y) at any time after Jarden or one of its Affiliates is no longer acting
as a Servicer, deliver to Buyer (or its assigns) all Contracts relating to such Receivables. 
 (f) Compliance with Contracts
and Credit and Collection Policy. Such Originator will timely and fully (i) perform and comply in all material respects with all provisions, covenants and other promises required to be observed by it under the Contracts related to the
Receivables hereunder (but only to the extent that there would not be an adverse effect upon the Receivables), and (ii) comply in all material respects with the Credit and Collection Policy in regard to each such Receivable and the related
Contract. 
  

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 (g) Ownership. Such Originator will take all necessary action to establish and
maintain, irrevocably in Buyer: (A) legal and equitable title to the Receivables transferred by it to Buyer and the related Collections and (B) all of such Originator’s right, title and interest in the Related Security associated with
the Receivables described in the preceding clause (A), in each case, free and clear of any Adverse Claims other than Adverse Claims in favor of Buyer (and its assigns) (including, without limitation, the filing of all financing statements or other
similar instruments or documents necessary under the UCC (or any comparable law) of all appropriate jurisdictions to perfect Buyer’s interest in such Receivables, Related Security and Collections and such other action to perfect, protect or
more fully evidence the interest of Buyer as Buyer (or its assigns) may reasonably request). 
 (h) The Administrator’s
and the Lenders’ Reliance. Such Originator acknowledges that the Administrator and the Lenders are entering into the transactions contemplated by the Loan Agreement in reliance upon Buyer’s identity as a legal entity that is separate
from such Originator and any Affiliates thereof. Therefore, from and after the Closing Date, such Originator will take all reasonable steps within such Originator’s control to maintain Buyer’s identity as a separate legal entity and to
make it manifest to third parties that Buyer is an entity with assets and liabilities distinct from those of such Originator and any Affiliates thereof and not just a division of such Originator or any such Affiliate. Without limiting the generality
of the foregoing and in addition to the other covenants set forth herein, such Originator (i) will not hold itself out to third parties as liable for the debts of Buyer nor purport to own any of the Receivables and other assets acquired by
Buyer, (ii) will not take any action that would cause Buyer to violate the “separateness covenants” set forth in Section 9.1.7 of the Loan Agreement and (iii) will cause all tax liabilities arising in connection with the
transactions contemplated herein or otherwise to be allocated between such Originator and Buyer on an arm’s-length basis and in a manner consistent with the procedures set forth in U.S. Treasury Regulations §§1.1502-33(d) and
1.1552-1. 
 (i) Collections. In the event any payments relating to Receivables are remitted directly to such Originator
or any Affiliate of such Originator, such Originator will remit (or will cause all such payments to be remitted) directly to a Lock-Box Account which is listed on Exhibit III hereto within three (3) Business Days following receipt thereof
and, at all times prior to such remittance, such Originator will itself hold or, if applicable, will cause such payments to be held in trust for the exclusive benefit of Buyer and its assigns. Such Originator will transfer exclusive ownership,
dominion and control of each Lock-Box and Lock-Box Account to Buyer, and will not grant the right to take dominion and control of any such account at a future time or upon the occurrence of a future event to any Person, except to Buyer, as
contemplated by this Agreement, and to the Administrator, as contemplated by the Loan Agreement. 
 (j) Taxes. Such
Originator will file all tax returns and reports required by law to be filed by it and promptly pay all Covered Taxes at any time owing, except any such Covered Taxes which are not yet delinquent or are being diligently contested in good faith by
appropriate proceedings and for which adequate reserves in accordance with GAAP shall have been set aside on its books. 
  

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 (k) Maintenance of Ownership and Perfection. Such Originator, as applicable, will take all necessary
action to establish and maintain, irrevocably in Buyer, perfected legal and equitable title to (A) the Purchased Receivables originated by such Originator and the associated Collections and (B) all of such Originator’s right, title
and interest in the Related Security associated with the Purchased Receivables originated by such Originator, in each case, free and clear of any Liens other than Liens in favor of Buyer (and its assigns) (including, without limitation, the filing
of all financing statements or other similar instruments or documents necessary under the UCC (or any comparable law) of all appropriate jurisdictions to perfect Buyer’s interest in such Purchased Assets and such other action to perfect,
protect or more fully evidence the interest of Buyer as Buyer (or its assigns) may reasonably request). 
 Section 4.2.
Negative Covenants of Originators. Until the date on which this Agreement terminates in accordance with its terms, each Originator hereby covenants that: 

(a) Name Change, Offices and Records. 

(i) Such Originator will not change its (x) state of organization or (y) identity or structure (within the
meaning of Article 9 of any applicable enactment of the UCC) or any office where Receivable Files are kept, and 

(ii) such Originator will not change its legal name, unless, in each of the foregoing cases, it shall have: (A) given
Buyer (and the Administrator as Buyer’s pledgee) written notice thereof and (B) delivered to the Administrator (as Buyer’s pledgee) all financing statements in form suitable for filing and all instruments, Lock-Box Agreement
amendments and other documents, in each case, duly executed by each of the parties thereto, reasonably requested by Buyer (or the Administrator, as Buyer’s pledgee) in connection with such change or relocation. 

(b) Change in Payment Instructions to Obligors. Such Originator will not (i) terminate any Lock-Box or Lock-Box Account,
unless Buyer and the Administrator shall have received, at least ten (10) days before the proposed effective date therefore, written notice of such termination or (ii) add any Lock-Box or Lock-Box Account, unless Buyer and the
Administrator shall have received an executed Lock-Box Agreement with respect thereto. 
 (c) Modifications to Contracts and
Credit and Collection Policy. Such Originator will not make any change to the Credit and Collection Policy except in accordance with Section 9.2.3 of the Loan Agreement. Except as otherwise permitted, if such Originator is acting as a
Servicer pursuant to the Loan Agreement, such Originator will not extend, amend or otherwise modify the terms of any Receivable or any Contract related thereto other than in accordance with the Credit and Collection Policy. 

(d) Sales, Adverse Claims. Such Originator will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or
grant any option with respect to, or create or suffer to exist any Adverse Claim upon (including, without limitation, the filing of any financing statement) or with respect to, any Receivable, Related Security or Collections, or upon or with respect
to any 
  

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Contract under which any Receivable arises, or any Lock-Box or Lock-Box Account, or assign any right to receive income with respect thereto (other than, in each case, the creation of the
interests therein in favor of Buyer provided for herein or any other Transaction Document or in connection with a transaction permitted by Section 4.1(c)), and such Originator will defend the right, title and interest of Buyer in, to and under
any of the foregoing property, against all claims of third parties claiming through or under such Originator. 
 (e)
Accounting for Purchases. Such Originator will not, and will not permit any Affiliate to, account for the transactions contemplated hereby in any financial statements in any manner other than the sale or capital contribution (or other
outright conveyance) by such Originator to Buyer of the Receivables and the associated Collections and Related Security except to the extent (i) that such transactions are not recognized on account of consolidated financial reporting in
accordance with generally accepted accounting principles and (ii) in accordance with applicable tax principles, each Purchase and contribution is ignored for tax reporting purposes. 

ARTICLE V 

TERMINATION EVENTS 

Section 5.1. Termination Events. The occurrence of any one or more of the following events shall constitute a Termination
Event: 
 (a) Any Originator or Performance Guarantor shall fail to (i) make any payment or deposit required
hereunder when due, or (ii) deliver any Purchase and Contribution Report when due, and, in either of the foregoing cases, such failure shall continue for two (2) Business Days. 

(b) Any representation, warranty, certification or statement made by any Originator in this Agreement, any other
Transaction Document or in any other document delivered pursuant hereto or thereto shall prove to have been incorrect in any material respect when made or deemed made and, solely in the case of the representations made under Section 2.1(a),
2.1(e) and 2.1(h), shall continue to be materially incorrect for a period of thirty (30) days after such Originator obtains knowledge thereof; provided that the materiality threshold in the preceding clause shall not be applicable with
respect to any representation or warranty which itself contains a materiality threshold and provided further, that any misrepresentation or certification for which Buyer received a Purchase Price Credit in accordance with Section 1.5 of
this Agreement shall not constitute a Termination Event hereunder. 
 (c) Any Originator shall breach any
covenant contained in Section 4.1(b)(i) or Section 4.2 (other than Section 4.2(a)(ii)). 
 (d) Any
Originator shall breach covenant contained in Section 4.2(a)(ii) and such breach is not remedied within ten (10) Business Days of its occurrence, 
  

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 (e) Any Originator shall breach, fail to perform or observe any covenant
contained in any Section of this Agreement (which is not covered by another subsection, paragraph or clause of this Section 5.1) or of any other Transaction Document to which it is a party which is not remedied within thirty (30) days
after written notice from Buyer (or the Administrator, as Buyer’s pledgee). 
 (f) (i) Failure of Jarden,
any Originator or any of their material Subsidiaries to pay any Material Debt when due; (ii) default by Jarden or any of its Subsidiaries in the performance of any term, provision or condition contained in any agreement under which any Material
Debt was created or is governed, or any other event shall occur or condition exist, the effect of which is to cause the holder or holders of such Material Debt to cause such Material Debt to become due prior to its stated maturity;
(iii) Material Debt of Jarden or any of its Subsidiaries shall be declared to be due and payable or required to be prepaid (other than by a regularly scheduled payment or as a result of the sale of an asset securing such Material Debt) prior to
the stated maturity thereof; or (iv) default by Jarden or any of its Subsidiaries in the performance of any financial covenant contained in any agreement under which any Material Debt was created or is governed, the effect of which is to permit
the holder or holders of such Material Debt to cause such Material Debt to become due prior to its stated maturity. 

(g) (i) Any Originator or Performance Guarantor shall generally not pay its debts as such debts become due or shall
admit in writing its inability to pay its debts generally or shall make a general assignment for the benefit of creditors; or (ii) any proceeding shall be instituted by or against any Originator or Performance Guarantor seeking to adjudicate it
bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or
seeking the entry of an order for relief or the appointment of a receiver, trustee or other similar official for it or any substantial part of its property or (iii) any Originator or Performance Guarantor shall take any corporate action to
authorize any of the actions set forth in the foregoing clauses (i) or (ii) of this subsection (g). 

(h) A Change of Control shall occur. 

(i) Jarden or any of its Subsidiaries shall fail within thirty (30) days to pay, bond or otherwise discharge, or stay
execution of, one or more final judgment(s) or order(s) for the payment of money in excess of $50,000,000 in the aggregate (exclusive of judgment or order amounts fully covered by independent third-party insurance where the insurer has not disputed
or denied coverage in respect of such judgment or order). 
 Section 5.2. Remedies. Upon the occurrence and during
the continuation of a Termination Event, Buyer may take any of the following actions: (i) declare the Termination Date to have occurred, whereupon the Termination Date shall forthwith occur, without demand, protest or further notice of any
kind, all of which are hereby expressly waived by each Originator; provided, however, that upon the occurrence of a Termination Event described in Section 5.1(g), or of an actual or deemed entry of an order for relief with respect to an
Originator 
  

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under the Federal Bankruptcy Code, the Termination Date shall automatically occur, without demand, protest or any notice of any kind, all of which are hereby expressly waived by each Originator
and (ii) to the fullest extent permitted by applicable law, declare that the a fee shall accrue with respect to any amounts then due and owing by each Originator to Buyer at a rate per annum equal to the Default Rate. The aforementioned rights
and remedies shall be without limitation and shall be in addition to all other rights and remedies of Buyer and its assigns otherwise available under any other provision of this Agreement, by operation of law, at equity or otherwise, all of which
are hereby expressly preserved, including, without limitation, all rights and remedies provided under the UCC, all of which rights shall be cumulative. 

ARTICLE VI 

INDEMNIFICATION 

Section 6.1. Indemnities by Originators. Without limiting any other rights that Buyer may have hereunder or under applicable
law, each Originator, with respect to itself, hereby agrees to indemnify (and pay upon demand to) Buyer and its assigns, officers, directors, agents and employees (each, an “Originator Indemnified Party”) from and against any and
all damages, losses, claims, Covered Taxes, liabilities, costs, expenses and for all other amounts payable, including reasonable attorneys’ fees (which attorneys may be employees of Buyer or any such assign) and disbursements (all of the
foregoing being collectively referred to as “Originator Indemnified Amounts”) awarded against or incurred by any of them arising out of any of the following: 

(i) any representation or warranty made by such Originator (or any officers of such Originator) under or in connection
with its Purchase and Contribution Report, this Agreement, any other Transaction Document or any other information or report delivered by or on behalf of such Originator pursuant hereto or thereto for which Buyer has not received a Purchase Price
Credit in accordance with this Agreement that shall have been false or incorrect when made or deemed made; 

(ii) the failure by such Originator, to comply with any applicable law, rule or regulation with respect to any Receivable
originated by it or any Contract related thereto, or the nonconformity of any such Receivable or Contract included therein with any such applicable law, rule or regulation or any failure of such Originator to keep or perform any of its obligations,
express or implied, with respect to any Contract; 
 (iii) any failure of such Originator to perform its duties,
covenants or other obligations in accordance with the provisions of this Agreement or any other Transaction Document to which such Originator is a party; 

(iv) any products liability, personal injury or damage, suit or other similar claim arising out of or in connection with
goods, insurance or services that are the subject of any Contract or any Receivable of such Originator; 
  

 -19- 

 (v) any dispute, claim, offset or defense (other than discharge in
bankruptcy of the Obligor or failure to pay due to financial inability) of the Obligor to the payment of any Receivable of such Originator (including, without limitation, a defense based on such Receivable or the related Contract not being a legal,
valid and binding obligation of such Obligor enforceable against it in accordance with its terms), or any other claim resulting from the sale of the merchandise or service related to such Receivable or the furnishing or failure to furnish such
merchandise or services; 
 (vi) the commingling of Collections of Receivables of such Originator at any time
with other funds; 
 (vii) any investigation, litigation or proceeding related to or arising from this Agreement
or any other Transaction Document to which such Originator is a party, the transactions contemplated hereby, such Originator’s use of the proceeds of any Purchase from it hereunder, the ownership of the Receivables or any other investigation,
litigation or proceeding relating to such Originator in which any Originator Indemnified Party becomes involved as a result of any of the transactions contemplated hereby; 

(viii) any inability to litigate any claim against any Obligor in respect of any Receivable of such Originator as a result
of such Obligor being immune from civil and commercial law and suit on the grounds of sovereignty or otherwise from any legal action, suit or proceeding; 

(ix) any failure of such Originator to vest and maintain vested in Buyer, or to transfer to Buyer, legal and equitable
title to, and ownership of, the Receivables of such Originator and the associated Collections, and all of such Originator’s right, title and interest in the Related Security associated with such Receivables, in each case, free and clear of any
Adverse Claim; 
 (x) the failure to have filed, or any delay in filing, financing statements or other similar
instruments or documents under the UCC of any applicable jurisdiction or other applicable laws with respect to any Receivable of such Originator, the Related Security and Collections with respect thereto in accordance with provisions hereof, and the
proceeds of any thereof, whether at the time of any Purchase from such Originator hereunder or at any subsequent time; 

(xi) any Purchase from such Originator hereunder shall be voided by any Person under statutory provisions or common law or
equitable action; or 
 (xii) the failure of any Eligible Receivable of such Originator reflected as an Eligible
Receivable on any Purchase and Contribution Report prepared by such Originator to be an Eligible Receivable at the time acquired by Buyer; and/or 

excluding, however, (a) Originator Indemnified Amounts to the extent a final judgment of a court of competent jurisdiction holds that
Originator Indemnified Amounts resulted from gross negligence or willful misconduct on the part of the Originator Indemnified Party seeking 

 

 -20- 

 
indemnification; and (b) Excluded Taxes. Nothing in this Section 6.1 shall limit the liability of any Originator or limit the recourse of Buyer to each Originator for amounts otherwise
specifically provided to be paid by any Originator under the terms of this Agreement. 
 Anything contained in this
Section 6.1 to the contrary notwithstanding: (1) the foregoing indemnification is not intended to, and shall not, constitute a guarantee of the collectibility or payment of the Receivables conveyed hereunder, and (2) nothing in this
Section 6.1 shall require any Originator to indemnify an Originator Indemnified Party for Receivables which are not collected, not paid or are otherwise uncollected. 

Section 6.2. Other Costs and Expenses. Each Originator agrees to pay to Buyer, on demand, all reasonable out-of-pocket costs
and expenses in connection with (a) the preparation, execution and delivery of this Agreement and the other documents to be delivered hereunder, (b) the preparation, execution and delivery of any amendment hereto or waiver hereof requested
by any Originator, and (c) any and all costs and expenses of Buyer, if any, including reasonable counsel fees and expenses, in connection with the enforcement of this Agreement and the other documents delivered hereunder. 

Section 6.3. Taxes. All payments by an Originator to or for the account of Buyer (or any of its assigns) hereunder or under
any other Transaction Document to which such Originator is a party shall be made free and clear of and without deduction for any and all Covered Taxes. If an Originator shall be required by law to deduct any Covered Taxes from or in respect of any
sum payable hereunder to Buyer (or any of its assigns), (a) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6.3),
Buyer (or such assign, as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (b) such Originator shall make such deductions, (c) such Originator shall pay the full amount deducted
to the relevant authority in accordance with applicable law and (d) such Originator shall furnish to Buyer (and to the Administrator, as the ultimate assignee) the original copy of a receipt evidencing payment thereof within 30 days after such
payment is made. 
 ARTICLE VII 

JOINDER OF ADDITIONAL ORIGINATORS 

Section 7.1. Addition of New Originators. From time to time upon not less than 60 days’ (or such shorter period of time
as Buyer and its assigns may agree upon) prior written notice to Buyer and Administrator as its assignee (who will promptly advise the Rating Agencies), Buyer may agree that one or more of Jarden’s existing or hereafter acquired wholly-owned
U.S. domestic Subsidiaries become an Originator hereunder. No such addition shall become effective (a) without the written consent of Buyer and Borrower and, if the proposed New Originator is a Material Originator and the Loan Agreement remains
in effect, without the written prior consent of the Administrator (which consent may be conditioned, in Administrator’s sole discretion, by a requirement that the Loan Agreement be amended in a manner acceptable to the Administrator in its sole
discretion) and (b) unless all conditions precedent to such addition required by Section 7.2 below are satisfied prior to such date. 
  

 -21- 

 Section 7.2. Documentation. Prior to the effectiveness of any New
Originator’s becoming an Originator hereunder, such New Originator shall execute a Joinder Agreement in the form of Exhibit VI hereto (a “Joinder Agreement”) and shall deliver each of the documents listed on
Schedule B hereto which is required to be delivered by each Originator, together with such updated Exhibits hereto as may be necessary to ensure that after giving effect to the addition of such New Originator, each of the representations and
warranties of such New Originator under Article II hereof will be true and correct. 
 ARTICLE VIII

 MISCELLANEOUS 

Section 8.1. Waivers and Amendments. (a) No failure or delay on the part of Buyer (or its assigns) in exercising any
power, right or remedy under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or remedy preclude any other further exercise thereof or the exercise of any other power, right or
remedy. The rights and remedies herein provided shall be cumulative and nonexclusive of any rights or remedies provided by law. Any waiver of this Agreement shall be effective only in the specific instance and for the specific purpose for which
given. 
 (b) No provision of this Agreement may be amended, supplemented, modified or waived except in writing signed by each
Originator and Buyer and, to the extent required under the Loan Agreement, the Administrator and the Lenders. Any material amendment, supplement, modification or waiver will require the Administrator’s receipt of written notice from S&P and
Moody’s that such change will not cause the rating on the then outstanding Commercial Paper Notes to be downgraded or withdrawn. Any material amendment, supplement, modification or waiver, including, without limitation, any amendment to or
waiver of a breach of Sections 2.1(i), (j), (w), or (x) or 4.1(k), will require satisfaction of the Rating Agency Condition (as defined in the Loan Agreement). 

Section 8.2. Notices. All communications and notices provided for hereunder shall be in writing (including bank wire,
telecopy or electronic facsimile transmission or similar writing) and shall be given to the other parties hereto at their respective addresses or telecopy numbers set forth on Schedule C hereto or at such other address or telecopy number as
such Person may hereafter specify for the purpose of notice to each of the other parties hereto. Each such notice or other communication shall be effective (a) if given by telecopy, upon the receipt thereof, (b) if given by mail, five
(5) Business Days after the time such communication is deposited in the mail with first class postage prepaid or (c) if given by any other means, when received at the address specified in this Section 8.2. 

Section 8.3. Protection of Ownership Interests of Buyer. (a) Each Originator agrees that from time to time, at its
expense, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirable, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the interest of
Buyer and its assigns therein, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time following the earlier to occur of a Termination Event or an

  

 -22- 

 
Amortization Event: Buyer (or its assigns) may, at the Originators’ sole cost and expense, direct each Originator to notify the Obligors of Receivables originated by it of the ownership
interests of Buyer under this Agreement and may also direct that payments of all amounts due or that become due under any or all Receivables originated by it be made directly to Buyer or its designee. 

(b) If any Originator fails to perform any of its obligations hereunder: 

(i) Buyer (or its assigns) may (but shall not be required to) perform, or cause performance of, such obligations, and
Buyer’s (or such assigns’) costs and expenses incurred in connection therewith shall be payable by the Originators, jointly and severally, as provided in Section 6.2; 

(ii) each Originator irrevocably authorizes Buyer (and its assigns) at any time and from time to time in the sole
discretion of Buyer (or its assigns), and appoints Buyer (and its assigns) as its attorney(ies)-in-fact, to act on behalf of such Originator (A) to execute (if necessary) on behalf of such Originator as debtor and to file (with or, to the
extent permitted by applicable law, without signatures) financing statements necessary or desirable in Buyer’s (or its assigns’) sole discretion to perfect and to maintain the perfection and priority of the interest of Buyer in the
Receivables and the associated Related Security and Collections and (B) to file a carbon, photographic or other reproduction of this Agreement or any financing statement with respect to the Receivables as a financing statement in such offices
as Buyer (or its assigns) in their sole discretion deem necessary or desirable to perfect and to maintain the perfection and priority of Buyer’s interests in such Receivables. 

The appointment under the foregoing clause (ii) is coupled with an interest and is irrevocable. 

Section 8.4. Confidentiality. (a) Each Originator shall maintain and shall cause each of its employees and officers to
maintain the confidentiality of the Fee Letter and the other confidential or proprietary information with respect to the Administrator and the Lenders and their respective businesses obtained by it or them in connection with the structuring,
negotiating and execution of the transactions contemplated herein, except that each Originator and its officers and employees may disclose such information to such Originator’s external accountants, attorneys and other advisors and as required
by any applicable law, rule, direction, request or order of any judicial, administrative or regulatory authority or proceeding (whether or not having the force or effect of law). The restrictions in this Section 8.4(a) shall not apply to any
information that is or becomes generally available to the public other than as a result of disclosure by an Originator. 
 (b)
Each Originator hereby consents to the disclosure of any nonpublic information with respect to it (i) to Buyer, the Administrator, the Liquidity Banks or the Lenders by each other, (ii) to any prospective or actual assignee or participant
of any of the Persons described in clause (i), and (iii) to any rating agency, Commercial Paper Note dealer or Support Provider to Three Pillars or any entity organized for the purpose of purchasing, or making loans secured by,

  

 -23- 

 
financial assets for which the Administrator acts as the administrator and to any officers, directors, employees, outside accountants and attorneys of any of the foregoing, provided each Person
described in the foregoing clauses (ii) and (iii) is informed of the confidential nature of such information. In addition, the Lenders, the Liquidity Banks and the Administrator may disclose any such nonpublic information required by any
law, rule, regulation, direction, request or order of any judicial, administrative or regulatory authority or proceedings (whether or not having the force or effect of law), provided, further, that unless specifically prohibited by applicable
law or court order, the Lenders, the Liquidity Banks and the Administrator shall, prior to disclosure thereof, notify the appropriate Originator of any disclosure of such nonpublic information required by any law, rule, regulation, direction,
request or order of any judicial, administrative or regulatory authority or proceedings (whether or not having the force or effect of law) so that such Originator may seek to obtain a protective order in respect thereof or, at such Originator’s
election, grant a waiver of compliance with this provisions of this Agreement. 
 Section 8.5. Bankruptcy Petition.
Each Originator and Buyer hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of Three Pillars, it will not institute against, or join any other Person in
instituting against, Three Pillars any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the United States. 

Section 8.6. Return of Funds Not Constituting Collections. If any funds other than Collections are received in any Lock-Box
Account, such remittances will be removed from such account and delivered to the owner thereof within three (3) Business Days following determination that the same do not comprise Collections. 

Section 8.7. CHOICE OF LAW. THIS
AGREEMENT SHALL BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL
LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO THE CONFLICT
OF LAW PRINCIPLES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK
GENERAL OBLIGATIONS LAW) EXCEPT TO THE EXTENT THAT THE LAWS OF
ANOTHER JURISDICTION GOVERN THE PERFECTION, OR THE EFFECT OF PERFECTION OR
NONPERFECTION, OF THE OWNERSHIP OR SECURITY INTERESTS OF BUYER. 

Section 8.8. CONSENT TO JURISDICTION. TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH ORIGINATOR HEREBY IRREVOCABLY
SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL
OR NEW YORK STATE COURT SITTING IN NEW YORK, NEW YORK IN
ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR ANY DOCUMENT EXECUTED BY ORIGINATOR PURSUANT TO THIS AGREEMENT AND
EACH ORIGINATOR HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF
SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH
COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER
HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING
BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT
FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF BUYER (OR ITS ASSIGNS)
TO BRING PROCEEDINGS AGAINST ANY ORIGINATOR IN THE COURTS OF ANY
OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY ANY ORIGINATOR AGAINST BUYER (OR
ITS ASSIGNS) OR ANY AFFILIATE THEREOF INVOLVING, DIRECTLY OR INDIRECTLY, ANY
MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR 

 

 -24- 

 
CONNECTED WITH THIS AGREEMENT OR ANY DOCUMENT EXECUTED BY
ANY ORIGINATOR PURSUANT TO THIS AGREEMENT SHALL BE BROUGHT ONLY IN A
COURT IN NEW YORK, NEW YORK. 

Section 8.9. WAIVER OF JURY TRIAL.
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY HERETO
HEREBY WAIVES TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY
OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE)
IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS
AGREEMENT, ANY DOCUMENT EXECUTED BY ANY ORIGINATOR PURSUANT TO THIS AGREEMENT
OR THE RELATIONSHIP ESTABLISHED HEREUNDER OR THEREUNDER. 

Section 8.10. Integration; Binding Effect; Survival of Terms. (a) This Agreement and each other Transaction Document
contain the final and complete integration of all prior expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter hereof
superseding all prior oral or written understandings. 
 (b) This Agreement shall be binding upon and inure to the benefit of
Originators, Buyer and their respective successors and permitted assigns (including any trustee in bankruptcy). No Originator may assign any of its rights and obligations hereunder or any interest herein without the prior written consent of Buyer.
Buyer may assign at any time its rights and obligations hereunder and interests herein to any other Person without the consent of any Originator. Without limiting the foregoing, each Originator acknowledges that Buyer, pursuant to the Loan
Agreement, may pledge to the Administrator, for the benefit of the Lenders and their assigns, its rights, remedies, powers and privileges hereunder. Each Originator agrees that the Administrator, as the pledgee of Buyer, shall, subject to the terms
of the Loan Agreement, have the right to enforce this Agreement and to exercise directly all of Buyer’s rights and remedies under this Agreement (including, without limitation, the right to give or withhold any consents or approvals of Buyer to
be given or withheld hereunder). This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms and shall remain in full force and effect until terminated in accordance with its terms;
provided, however, that the rights and remedies with respect to (i) any breach of any representation and warranty made by any Originator pursuant to Article II; (ii) the indemnification and payment provisions of
Article VI; and (iii) Section 8.5 shall be continuing and shall survive any termination of this Agreement. 

Section 8.11. Counterparts; Severability; Section References. This Agreement may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same Agreement. Any provisions of this Agreement which are
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Unless otherwise expressly indicated, all references herein to “Article,” “Section,” “Schedule” or
“Exhibit” shall mean articles and sections of, and schedules and exhibits to, this Agreement. 
  

 -25- 

 SIGNATURE PAGES FOLLOW 

 

 -26- 

 IN WITNESS WHEREOF, the parties hereto have
caused this Agreement to be executed and delivered by their duly authorized officers as of the date hereof. 
  

			
	 BRK BRANDS, INC.

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 THE COLEMAN COMPANY, INC.

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 HEARTHMARK, LLC

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 K-2 CORPORATION

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 K-2 INTERNATIONAL, INC.

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 LEHIGH CONSUMER PRODUCTS LLC

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President

			
	 LOEW-CORNELL, LLC

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 MARMOT MOUNTAIN, LLC

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 MIKEN SPORTS, LLC

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 PENN FISHING TACKLE MFG.
CO.

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 PURE FISHING, INC.

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 RAWLINGS SPORTING GOODS COMPANY,
INC.

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President

  

 -2- 

			
	 RIDE MANUFACTURING, INC.

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 SEA STRIKER, LLC

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	SEVCA, LLC
		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 SHAKESPEARE ALL STAR ACQUISITION LLC

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 SHAKESPEARE COMPANY, LLC

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 SHAKESPEARE CONDUCTIVE FIBERS, LLC

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President

  

 -3- 

			
	 SITCA CORPORATION

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 SUNBEAM PRODUCTS, INC.

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 THE UNITED STATES PLAYING CARD
COMPANY

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President
	
	 JARDEN RECEIVABLES, LLC

	
	 By: SUNBEAM PRODUCTS, INC.

	 Its: manager and sole member

		
	 By:
	 	 /s/ John E. Capps

	 Name:
	 	John E. Capps
	 Title:
	 	Vice President

  

 -4- 

 EXHIBIT I 

DEFINITIONS 

This is Exhibit I to the Agreement (as hereinafter defined). As used in the Agreement and the Exhibits and Schedules thereto,
capitalized terms have the meanings set forth in this Exhibit I (such meanings to be equally applicable to the singular and plural forms thereof). If a capitalized term is used in the Agreement, or any Exhibit or Schedule thereto, and is not
otherwise defined therein or in this Exhibit I, such term shall have the meaning assigned thereto in the Loan Agreement (hereinafter defined). 

“Additional Purchased Restatement Effective Date Receivables” has the meaning set forth in the Preliminary Statements to
the Agreement. 
 “Additional Contributed Receivables” means Receivables originated by Sunbeam from time to
time after the Restatement Effective Date, which Sunbeam designates for contribution to Buyer and existing as of the close of business on the Business Day immediately prior to the date of contribution. 

“Administrator” has the meaning set forth in the Preliminary Statements to the Agreement. 

“Agreement” means the Second Amended and Restated Receivables Contribution and Sale Agreement, dated as of July 29,
2010, among Originators and Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

“Applicable Cutoff Date” means, as to each Originator, the Business Day prior to the date on which it becomes a party to
this Agreement. 
 “Buyer” has the meaning set forth in the preamble to the Agreement. 

“Change of Control” means (a) the acquisition by any Person, or two or more such Persons acting in concert, of
beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934) of 40% or more of the outstanding shares of voting stock of Jarden, (b) Jarden ceases to own (directly
or indirectly) and control the right to vote 100% of the outstanding shares of voting stock of Coleman or Sunbeam or (c) Sunbeam ceases to own (directly or indirectly) and control the right to vote 100% of the outstanding shares of voting stock
of Buyer. 
 “Closing Date” has the meaning provided in the Loan Agreement. 

“Compliance Certificate” means the certificate described in Section 4.1(a)(iii) of the Agreement. 

“Consolidated Subsidiary” means, at any date as of which the same is to be determined, any Subsidiary or other entity
the accounts of which would be consolidated with those of Jarden in its consolidated financial statements if such statements were prepared as of such date in accordance with GAAP. 

 

 -5- 

 “Contributed Receivables” means, collectively, the Original Contributed
Receivables and the Additional Contributed Receivables. 
 “Defective Receivable” has the meaning set forth in
Section 1.5. 
 “Discount Factor” means a percentage calculated to provide Buyer with a reasonable return
on its investment in the Receivables after taking account of (i) the time value of money based upon the anticipated dates of collection of such Receivables and (ii) the risk of nonpayment by the Obligors. Each Originator and Buyer may
agree from time to time to change the Discount Factor based on changes in one or more of the items affecting the calculation thereof, provided that any change to the Discount Factor shall take effect as of the commencement of a Calculation
Period, shall apply only prospectively and shall not affect the Purchase Price payment made prior to the Calculation Period during which such Originator and Buyer agree to make such change. 

“Existing Agreement” has the meaning set forth in the preamble to the Agreement. 

“Existing Loan Agreement” means “Existing Agreement” as such term is defined in the Loan Agreement.

 “Initial Closing Date” has the meaning provided in the Loan Agreement. 

“Initial Purchased Restatement Date Receivables” has the meaning set forth in the Preliminary Statements to the
Agreement. 
 “Jarden” means Jarden Corporation, a Delaware corporation. 

“Joinder Agreement” has the meaning set forth in Section 7.2 of the Agreement. 

“Lender” and “Lenders” has the meaning set forth in the Preliminary Statements to the Agreement.

 “Loan Agreement” has the meaning set forth in the Preliminary Statements to the Agreement. 

“Material Originator” means any proposed New Originator which generated Receivables during the 12-month period most
recently ended prior to the effectiveness of such Person’s addition hereto as an Originator in excess of 10% of all Receivables generated by the then existing Originators during such 12-month period. 

“Monthly Reporting Date” has the meaning set forth in Section 1.2(a) of the Agreement. 

 

 -6- 

 “New Originator” means any direct or indirect wholly-owned U.S. domestic
Subsidiary of Jarden that hereafter becomes an Originator under the Agreement by executing a Joinder Agreement and complying with the provisions of Article VII of the Agreement. 

“Notice of Originator Material Adverse Effect” means the notice required to be delivered by an
applicable Originator, described in Section 4.1(b)(ii) of the Agreement. 
 “Notice of Termination
Event” means the notice required to be delivered by an applicable Originator, described in Section 4.1(b)(i) of the Agreement. 

“Original Additional Purchased Receivables” has the meaning set forth in the Preliminary Statements to the Agreement.

 “Original Agreement” has the meaning set forth in the preamble to the Agreement. 

“Original Balance” means, with respect to any Receivable of any Originator coming into existence after its Applicable
Cutoff Date, the Outstanding Balance of such Receivable on the date it was created. 
 “Original Contributed
Receivables” has the meaning set forth in the Preliminary Statements to the Agreement. 
 “Original Funding
Date” means the date of the initial Advance under and as defined in the Original Loan Agreement. 
 “Original
Loan Agreement” means that Loan Agreement dated as of August 24, 2006 among the Buyer, the Initial Servicer, Three Pillars and the Administrator. 

“Original Purchased Receivables” has the meaning set forth in the Preliminary Statements to the Agreement. 

“Original Receivables” has the meaning set forth in the Preliminary Statements to the Agreement. 

“Originator” has the meaning set forth in the preamble to the Agreement. 

“Originator Financial Statements” means the financial statements required to be delivered by each Originator described
in Section 4.1(a)(i) and (ii) of the Agreement. 
 “Originator Indemnified Amounts” has the meaning
set forth in Section 6.1. 
 “Originator Indemnified Party” has the meaning set forth in Section 6.1.

 “Originator Material Adverse Effect” means a material adverse effect on (i) the business, property,
condition (financial or otherwise) or results of operations of Jarden and its Subsidiaries taken as a whole, (ii) the ability of any Originator or the Performance Guarantor to perform its

  

 -7- 

 
obligations under the Agreement or any other Transaction Document to which it is a party, (iii) the legality, validity or enforceability of the Agreement or any other Transaction Document,
(iv) the interest of Buyer or the Administrator (on behalf of the Lenders) in the Receivables generally or in any significant portion of the Receivables, the Related Security or Collections with respect thereto, or (v) the validity,
enforceability or collectibility of the Receivables generally or of any material portion of the Receivables. 

“Originator Representation” means any representation or warranty made by an Originator to the Buyer contained in
Section 2.1 of the Agreement. 
 “Outstanding Balance” of any Receivable at any time means the then
outstanding principal balance thereof. 
 “Person” means an individual, partnership, limited liability company,
corporation (including a business trust), joint stock company, trust, unincorporated association, joint venture, government or any agency or political subdivision thereof or any other entity. 

“Purchase” means the purchase by Buyer from each Originator pursuant to Section 1.2 of the Agreement of Receivables
(other than Contributed Receivables) and the Related Security and Collections related thereto, together with all related rights in connection therewith. 

“Purchase Date” means the Closing Date and each subsequent Business Day on which Receivables are purchased under the
Agreement. 
 “Purchase Price” means, with respect to each Purchase by Buyer from an Originator, the aggregate
price to be paid by Buyer to such Originator for such Purchase in accordance with Section 1.4 of the Agreement for the Receivables and the associated Collections and Related Security being sold to Buyer, which price shall equal on any date
(i) the product of (x) the Outstanding Balance of such Receivables being sold on such date, multiplied by (y) one minus the Discount Factor in effect on such date, minus (ii) any Purchase Price Credits to be credited in
accordance with Section 1.4 of the Agreement against the Purchase Price otherwise payable. 
 “Purchase Price
Credit” has the meaning set forth in Section 1.5 of the Agreement. 
 “Purchase and Contribution
Report” has the meaning set forth in Section 1.3(b) of the Agreement. 
 “Purchased Receivables”
means all Receivables other than Contributed Receivables, and “Purchased Receivable” means any such Receivable. 

“Receivables and Originator Information” means information delivered by an Originator pursuant to the first sentence of
Section 4.1(d) of the Agreement. 
 “Restatement Date Originators” means each of Earth Products, Inc., JT
Sports, LLC, K-2 Corporation, K-2 International, Inc., K-2 Internet Company, LLC, K2 Snowshoes, Inc., Ride Manufacturing, Inc., Sitca Corporation, Marmot Mountain, LLC, Sports Recreation Company,

  

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Ltd., Rawlings Sporting Goods Company, Inc., Shakespeare Industries, Inc., Penn Fishing Tackle Mfg. Co., Sea Striker, LLC (formerly known as Sea Striker, Inc.), Shakespeare All Star Acquisition
LLC, Shakespeare Company, LLC, Shakespeare Conductive Fibers, LLC, Sevca, LLC, SMCA, Inc., Stearns Inc., Hearthmark, LLC, Pure Fishing, Inc., The US Playing Card Company, and Pine Mountain Corporation. 

“Restatement Effective Date” means August 8, 2007. 

“Second Restatement Effective Date” means July 29, 2010. 

“Settlement Date” means, means each Distribution Date (under and as defined in the Loan Agreement). 

“Termination Date” means the earliest to occur of (i) the Commitment Termination Date (as defined in the Loan
Agreement), (ii) the Business Day immediately prior to the occurrence of a Termination Event set forth in Section 5.1(g), (iii) the Business Day specified in a written notice from Buyer to Originators following the occurrence of any
other Termination Event, and (iv) the date which is ten (10) Business Days after Buyer’s receipt of written notice from Coleman and/or Jarden that either wishes to terminate the facility evidenced by this Agreement. 

“Termination Event” has the meaning set forth in Section 5.1 of the Agreement. 

“Three Pillars” has the meaning set forth in the preamble to the Agreement. 

“Unmatured Termination Event” means an event that, with the passage of time or the giving of notice, or both, would
constitute a Termination Event. 
 All accounting terms not specifically defined herein shall be construed in accordance with
GAAP. All terms used in Article 9 of the UCC in the State of New York, and not specifically defined herein, are used herein as defined in such Article 9. 

 

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