Document:

Amendment No. 3 to Amended and Restated Loan and Security Agreement

 Exhibit 10.11 
 [Execution]             

AMENDMENT NO. 3 TO AMENDED AND RESTATED 
 LOAN AND SECURITY AGREEMENT 
 AMENDMENT NO. 3 TO AMENDED AND RESTATED LOAN
AND SECURITY AGREEMENT, dated June 1, 2012 (this “Amendment No. 3”), is by and among Wells Fargo Bank, National Association, in its capacity as administrative and collateral agent pursuant to the Loan Agreement (as hereinafter
defined) acting for and on behalf of the financial institutions which are parties thereto as lenders (in such capacity, “Agent”), and the financial institutions which are parties to the Loan Agreement as lenders (individually, each a
“Lender” and collectively, “Lenders”), Global Brass and Copper, Inc., a Delaware corporation (“Global Brass”), Chase Brass and Copper Company, LLC, a Delaware limited liability company (“CB&C”), GBC
Metals, LLC (formerly known as Global Metals, LLC), a Delaware limited liability company (“GBC Metals”), Chase Brass, LLC, a Delaware limited liability company (“Chase Brass”) and A.J. Oster, LLC, a Delaware limited liability
company (“AJ Oster”, and together with Global Brass, CB&C, GBC Metals and Chase Brass, each a “Borrower” and collectively “Borrowers”), Global Brass and Copper Holdings, Inc., a Delaware corporation
(“Parent”), Bryan Metals, LLC, a Delaware limited liability company (“Bryan”), Olin Fabricated Metal Products, LLC, a Delaware limited liability company (“Metal”), Chase Industries, LLC, a Delaware limited liability
company (“Chase”), A.J. Oster Foils, LLC, a Delaware limited liability company (“Foils”), A.J. Oster Caribe, LLC, a Delaware limited liability company (“Caribe”) and A.J. Oster West, LLC, a Delaware limited liability
company (“West”, and together with Parent, Bryan, Metal, Chase, Foils and Caribe, each a “Guarantor” and collectively, “Guarantors”). 
 W I T N E S S E T H : 
 WHEREAS, Agent, Lenders, Borrowers and Guarantors have entered into financing arrangements pursuant to which Lenders (or Agent on behalf of Lenders) have made and may make loans and advances and provide
other financial accommodations to Borrowers as set forth in the Amended and Restated Loan and Security Agreement, dated August 18, 2010, by and among Agent, Lenders, Borrowers and Guarantors, as amended by Amendment No. 1 to Amended and
Restated Loan and Security Agreement and Waiver, dated May 13, 2011 and Amendment No. 2 to Amended and Restated Loan and Security Agreement, dated October 26, 2011 (as the same now exists and is amended and supplemented pursuant
hereto and may hereafter be further amended, modified, supplemented, extended, renewed, restated or replaced, the “Loan Agreement”) and the other Financing Agreements; 

WHEREAS, Borrowers and Guarantors have requested that Agent and Lenders agree to amend certain provisions of the Loan Agreement as set
forth herein, and Agent and Lenders are willing to agree to such requests on the terms and subject to the conditions set forth herein; and 
 WHEREAS, by this Amendment No. 3, Agent, Lenders, Borrowers and Guarantors desire and intend to evidence such amendments; 

 NOW, THEREFORE, in consideration of the foregoing and the mutual agreements and covenants
contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Definitions. 
 (a) Additional Definitions. As used herein, the
following terms shall have the meanings given to them below and the Loan Agreement and the other Financing Agreements are hereby amended to include, in addition and not in limitation, the following definitions: 

(i) “Amendment No. 3” shall mean Amendment No. 3 to Amended and Restated Loan and Security Agreement, dated
June 1, 2012, by and among Agent, Lenders, Borrowers and Guarantors, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 

(ii) “Amendment No. 3 Effective Date” shall mean the date on which each of the conditions precedent set forth in
Section 26 of Amendment No. 3 shall have been satisfied or waived in accordance with the terms of Amendment No. 3. 
 (iii) “Issue Date Dividends” shall mean the cash dividends being paid by Parent to its shareholders on the Amendment No. 3 Effective Date from Loan proceeds and the proceeds of the issuance
of the Senior Secured Notes in the aggregate amount of $160,000,000. 
 (iv) “Payment Conditions” shall mean, as of
the date of the applicable payment or other transaction, and after giving effect thereto, (a) no Default or Event of Default shall exist or have occurred and be continuing, (b) Excess Availability shall be not less than twenty-five
(25%) percent of the Maximum Credit and (c) on a pro forma basis, after giving effect to the applicable payment or other transaction, the Fixed Charge Coverage Ratio for Parent and its Subsidiaries (on a consolidated basis) for the
immediately preceding twelve (12) consecutive calendar month period ending on the last day of the calendar month prior to the date of any such applicable payment (or other transaction, as the case may be) for which Agent has received financial
statements shall be equal to or greater than 1.10 to 1.00. 
 (v) “Qualified Debt Agent” shall mean the entity acting
in the capacity as agent or trustee, as applicable, with respect to a Qualified Debt Offering and any successor or replacement agent or trustee, as applicable, and their respective successors and assigns. 

(vi) “Qualified Debt Intercreditor Agreement” shall mean, in form and substance reasonably satisfactory to Agent and Required
Lenders, the intercreditor agreement, if any, entered into on the date that Borrowers and Guarantors incur the Indebtedness permitted to be incurred pursuant to Section 9.9(s) hereof, by and between Agent, the Senior Secured Note Trustee, if
applicable, and each set of holders of such debt, as applicable (or their agent or trustee, as applicable), as acknowledged and agreed to by Borrowers and Guarantors, pursuant to which the holders of such debt (or their agent or trustee, as
applicable) shall subject their Liens on all such collateral securing the Borrowers’ and Guarantors’ obligations to them to the terms thereof, as the same be amended, modified, supplemented, extended, renewed, restated or replaced.

  
 -2-

 (vii) “Qualified Debt Offering” shall mean, at the option of the Borrowers, in
each case, pursuant to and in accordance with the terms of Section 9.9(s) hereof, either (a) secured or unsecured term loans made to the Borrowers or Guarantors after the date of Amendment No. 3 or (b) secured or unsecured notes
issued by any Borrower or Guarantor after the date of Amendment No. 3. 
 (viii) “Senior Secured Note Collateral
Agent” shall mean Wells Fargo Bank, National Association, in its capacity as collateral agent under the Senior Secured Note Documents, and any successor or replacement collateral agent, and their respective successors and assigns. 

(ix) “Senior Secured Note Documents” shall mean, collectively, the following (as the same now exist or may hereafter be
amended, modified, supplemented, extended, renewed or replaced): (a) Senior Secured Note Indenture, (b) the Senior Secured Notes and (c) all agreements, documents and instruments, executed and/or delivered in connection therewith.

 (x) “Senior Secured Note Indenture” shall mean the Indenture, dated June 1, 2012, by and among Global Brass,
as issuer, Parent, certain of its subsidiaries and the Senior Secured Note Trustee, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 

(xi) “Senior Secured Note Intercreditor Agreement” shall mean the Intercreditor Agreement, dated June 1, 2012, between
the Senior Secured Note Trustee and Agent and any other holder of indebtedness described therein or party thereto from time to time, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed or replaced.

 (xii) “Senior Secured Note Priority Collateral” shall have the same meaning set forth in the Senior Secured Note
Intercreditor Agreement for the term “Notes Priority Collateral”. 
 (xiii) “Senior Secured Note Trustee”
shall mean Wells Fargo Bank, National Association, in its capacity as trustee under the Senior Secured Note Indenture, and any successor or replacement trustee, and their respective successors and assigns. 

(xiv) “Senior Secured Notes” shall mean, collectively, the 9.50% Senior Secured Notes due 2019 issued by Global Brass in the
original principal amount not to exceed $375,000,000 pursuant to the Senior Secured Note Indenture, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 

  
 -3-

 (b) Amendments to Definitions. 

(i) Applicable Margin. The definition of “Applicable Margin” set forth in the Loan Agreement is hereby amended by
deleting such definition in its entirety and replacing it with the following: 
 “ “Applicable
Margin” shall mean, at any time during any calendar quarter, as to the interest rate for Base Rate Loans and the interest rate for Eurodollar Rate Loans, the applicable percentage (on a per annum basis) set forth below if the Quarterly Average
Excess Availability for the immediately preceding calendar quarter is at or within the amounts indicated for such percentage as of the last day of the immediately preceding calendar quarter: 

 

											
	 Tier
	  	 Quarterly Average Excess Availability
	  	Applicable
Eurodollar
Rate Margin	 	 	Applicable Prime
Rate Margin	 
				
	1	  	 Greater than $100,000,000
	  	 	2.00	% 	 	 	1.00	% 
				
	2	  	 Greater than or equal to $50,000,000 but less than or equal to $100,000,000
	  	 	2.25	% 	 	 	1.25	% 
				
	3	  	 Less than $50,000,000
	  	 	2.50	% 	 	 	1.50	% 

 provided, that, (i) the Applicable Margin shall be calculated and established once each calendar
quarter (commencing with the calendar quarter beginning January 1, 2013) and shall remain in effect until adjusted thereafter after the end of such calendar quarter, (ii) each adjustment of the Applicable Margin shall be effective as of
the first day of a calendar quarter based on the Quarterly Average Excess Availability for the immediately preceding calendar quarter, and (iii) notwithstanding anything to the contrary contained herein, the Applicable Margin for Revolving
Loans through the calendar quarter ending December 31, 2012 shall be the amount for Tier 2 set forth above. In the event that at any time after the end of a calendar quarter the Quarterly Average Excess Availability for such calendar quarter
used for the determination of the Applicable Margin was less than the actual amount of the Quarterly Average Excess Availability for such calendar quarter, the Applicable Margin for such prior calendar quarter shall be adjusted to the applicable
percentage based on such actual Quarterly Average Excess Availability and any additional interest for the applicable period as a result of such recalculation shall be promptly paid to Agent. The foregoing shall not be construed to limit the rights
of Agent and Lenders with respect to the amount of interest payable after a Default or Event of Default whether based on such recalculated percentage or otherwise.” 
 (ii) Bank Products. The definition of “Bank Products” set forth in the Loan Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following:

 “ “Bank Products” shall mean any one or more of the following types or services or facilities
provided to a Borrower by Agent or a Bank Product Provider: cash management or related services, including (a) the automated clearinghouse transfer of funds for the account of a Borrower pursuant to agreement or overdraft for any accounts of
Borrowers maintained at Agent or any Bank Product Provider that are subject 

  
 -4-

 
to the control of Agent pursuant to any Deposit Account Control Agreement to which Agent, such Affiliate of Agent, Lender or Affiliate of Lender is a party, as applicable, and (b) controlled
disbursement services, (c) credit cards, debit cards or stored value cards or the processing of credit card, debit card or stored value card sales or receipts, (d) purchase cards (including so-called “procurement cards” or
“P-cards”) and (e) Hedge Agreements if and to the extent permitted hereunder. Any of the foregoing shall only be included in the definition of the term “Bank Products” to the extent that the Bank Product Provider has been
approved by Agent.” 
 (iii) Capital Expenditures. The definition of “Capital Expenditures” set forth in
the Loan Agreement is hereby amended by deleting clause (i) thereof in its entirety and replacing it with the following: 
 “(i) for replacements and substitutions for fixed assets, capital assets or equipment to the extent made with asset sale or insurance or condemnation proceeds (received from the sale, condemnation,
casualty or loss of fixed assets, capital assets or equipment) invested pursuant to the terms of the Senior Secured Note Indenture,” 
 (iv) EBITDA. The definition of “EBITDA” set forth in the Loan Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following: 

“ “EBITDA” shall mean, for any period, an amount determined for Parent and its Subsidiaries on a
consolidated basis equal to (a) Consolidated Net Income, plus, to the extent reducing Consolidated Net Income, the sum, without duplication, of amounts for (i) consolidated interest expense, (ii) provisions for taxes based on income,
(iii) total depreciation expense, (iv) total amortization expense, (v) non-recurring charges incurred in such period in connection with severance costs and restructuring and integration charges in an aggregate amount not to exceed
$8,500,000 in any twelve (12) month period ending on or prior to June 30, 2011, and $2,000,000 in any twelve (12) month period thereafter, (vi) costs, fees and expenses incurred in connection with (A) the Transactions,
(B) Amendment No. 4 (as defined in the Existing Agreement) and Amendment No. 5 (as defined in the Existing Term Loan Agreement) in an aggregate amount pursuant to this clause (B) not to exceed $ 1,200,000 during the term of this
Agreement, (C) Amendment No. 2 and Amendment No. 2 to Credit and Guaranty Agreement (as defined in Amendment No. 2) and (D) Amendment No. 3, (vii) costs, fees and expenses (in each case other than payable to an
Affiliate of Parent or any of its Subsidiaries) incurred in such period in connection with Permitted Acquisitions and Permitted Dispositions, (viii) other non-recurring charges incurred in such period in connection with legal and advisory costs
in an aggregate amount not to exceed $3,000,000 in any twelve (12) month period ending on or prior to August 31, 2011, and $500,000 in any twelve (12) month period thereafter, (ix) any Sponsor Management Fees incurred in such
period in an aggregate amount not to exceed $1,000,000 during any twelve-month period, (x) the pro forma costs savings projected by Administrative Borrower in good faith in connection with the permanent reductions in workforce that

  
 -5-

 
were completed in May 2010 and incurred during the twelve-month period ended (A) December 31, 2010 in an aggregate amount not to exceed $2,500,000 and (B) March 31, 2011 in an
aggregate amount not to exceed $1,000,000, (xi) prepayment premiums, fees, penalties, yield maintenance charges and similar costs incurred in such period in connection with the repayment or prepayment of any Indebtedness, (xii) costs,
charges and expenses attributable to the disposition of inventory in an aggregate amount not to exceed $2,000,000 during any twelve-month period, (xiii) non-recurring “unrealized losses” (as defined in the definition of “Net
Mark-to-Market Exposure”) arising from Hedge Agreements, Specified Hedge Agreements and other Swap Agreements of the Borrowers and its Subsidiaries permitted under this Agreement and non-cash charges due to the application of FASB ASC 815-10
regarding hedging activity, (xiv) losses associated with the settlement of hedging activity of Parent and its Subsidiaries that was required by the Existing Term Loan Agreement and the Existing Agreement in connection with the Transactions,
(xv) non-cash charges reducing Consolidated Net Income consisting of lower-of-cost-or-market charges not to exceed $15,000,000 in the aggregate during any twelve-month period, (xvi) non-cash charges attributable to the disposition of
inventory accounted for on a LIFO basis, (xvii) non-cash charges reducing Consolidated Net Income, including any non-cash “asset impairment” charges, non-cash foreign currency exchange losses, non-cash impact attributable to the
application of purchase accounting in accordance with GAAP (such as, without limitation, the mark up of inventory to fair value) in connection with any Permitted Acquisition, the non-cash cumulative effect resulting from a change in accounting
principles, and non-cash expenses deducted as a result of any grant of Equity Interests to employees, officers or directors (but excluding any such non cash charge to the extent that it represents an accrual or reserve for potential cash charge in
any future period or amortization of a prepaid cash charge that was paid in a prior period) not to exceed $6,000,000 in the aggregate with respect to all of the foregoing under this clause (xvii) during any twelve- month period,
(xviii) expenses or charges incurred in connection with the recapitalization or issuance, repayment, refinancing, amendment or modification of Indebtedness (including amortization or write offs of debt issuance or deferred financing costs,
premium and prepayment penalties), in each case, whether or not successful, not to exceed $3,000,000 in the aggregate for all of the foregoing under this clause (xviii) during any twelve-month period, (xix) directors’ fees in an
aggregate amount not to exceed $150,000 during any twelve-month period, (xx) any non-recurring amendment and waiver, compensation study, staff and director recruiting, independent director, tax gross up costs for termination of loans to
executive officers, and other customary accounting, legal, tax, administrative and advisory fees, costs and expenses (but excluding any underwriter fees, costs or expenses) incurred by Parent, KPS or any other Guarantor during such period in
connection with any registration of securities of Parent in connection with a Qualified IPO, whether or not such Qualified IPO is consummated, or in connection with any other equity offering of Parent following a Qualified IPO (a “Post-IPO
Offering”), whether or not such Post-IPO Offering is consummated, including the amount of any Sponsor Management Agreement Termination Fees paid pursuant to Amendment No. 2, (collectively, the “Offering Expenses”) in
an aggregate 

  
 -6-

 
amount not to exceed $10,000,000, (xxi) any recurring operating expenses of Parent, KPS or any other Guarantor attributable to the operations of Parent as a public company following a
Qualified IPO in an aggregate amount not to exceed $3,000,000 during any fiscal year, (xxii) costs, fees and expenses incurred in connection with (A) the termination of the Term Loan Documents and (B) the consummation of the
Indebtedness evidenced by the Senior Secured Notes, in the aggregate amount for clauses (A) and (B) not to exceed $25,000,000 and (xxiii) reasonable and documented out-of-pocket costs, fees and expenses (in each case other than
payable to an Affiliate of Parent or any of its Subsidiaries) incurred in such period in connection with any Equity Issuance (as such term is defined in Section 2.5(c) hereof) and paid from the proceeds of such Equity Issuance, minus
(b) the sum, without duplication, of amounts for (i) other non-cash gains increasing Consolidated Net Income for such period (excluding any such non cash gain to the extent it represents the reversal of an accrual or reserve for potential
cash gain in any prior period), (ii) gains associated with the settlement of hedging activity of Parent and its Subsidiaries that was required by the Existing Agreement prior to the consummation of the Transactions, (iii) non-recurring
“unrealized profits” (as defined in the definition of “Net Mark-to-Market Exposure”) arising from Hedge Agreements, Specified Hedge Agreements and other Swap Agreements of the Borrowers and its Subsidiaries permitted under this
Agreement and (iv) non-recurring gains associated with the settlement of hedging activity of Parent and its Subsidiaries that was required by the Existing Term Loan Agreement and the Existing Agreement in connection with the Transactions.
Notwithstanding the foregoing, EBITDA with respect to each period listed on Schedule 1.43 hereto shall be deemed to be equal to the amount specified on such schedule with respect to such period.” 

(v) Excess Availability. The definition of “Excess Availability” set forth in the Loan Agreement is hereby amending by
adding the following at the end thereof immediately before the period: 
 “, plus (c) Qualified
Cash only in the event that Excess Availability (without giving effect to Qualified Cash) as of such date is greater than $50,000,000”. 
 (vi) Excluded Account. The definition of “Excluded Account” set forth in the Loan Agreement is hereby amended by deleting clause (b)(iii) thereof in its entirety and replacing it with the
following: 
 “(iii) to receive proceeds of Senior Secured Note Priority Collateral pursuant to and in
accordance with the Senior Secured Note Indenture as in effect on the date of Amendment No. 3 or as permitted to be amended hereunder and under the Senior Secured Note Intercreditor Agreement,” 

(vii) Financing Agreements. The Senior Secured Note Intercreditor Agreement and the Qualified Debt Intercreditor Agreement (if
any) shall be considered a “Financing Agreement” for all purposes of the Loan Agreement and the other Financing Agreements. 

  
 -7-

 (viii) Fixed Charge Coverage Ratio. The definition of “Fixed Charge Coverage
Ratio” set forth in the Loan Agreement is hereby amended by deleting the reference to “(other than Closing Date Dividends)” contained in clause (a)(ii) thereof and replacing it with the following: “(other than Closing Date
Dividends and Issue Date Dividends)”. 
 (ix) Intercompany Note. The definition of “Intercompany Note”
set forth in the Loan Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following: 
 “ “Intercompany Note” shall mean a promissory note, in form and substance reasonably satisfactory to Agent, evidencing Indebtedness owed among Holdings, Borrowers and their Subsidiaries
permitted hereunder.” 
 (x) Inventory Loan Limit. The definition of “Inventory Loan Limit” set forth in
the Loan Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following: 
 “ “Inventory Loan Limit” shall mean the amount of $150,000,000 as such amount may be increased in accordance with Section 2.7 hereof.” 

(xi) Maximum Credit. The definition of “Maximum Credit” set forth in the Loan Agreement is hereby amended by deleting
such definition in its entirety and replacing it with the following: 
 “ “Maximum Credit” shall
mean the amount of $200,000,000 as such amount may be increased in accordance with Section 2.7 hereof.” 
 (xii)
Permitted Acquisition. The definition of “Permitted Acquisitions” set forth in the Loan Agreement is hereby amended by (a) deleting clause (1) thereof in its entirety and replacing it with “Intentionally
deleted,” and (b) deleting clause (c) thereof in its entirety and replacing it with the following: 
 “(c) as of the date of any such acquisition or any payment in respect thereof and after giving effect to any such acquisition or such payment, the Payment Conditions shall be satisfied,”

 (xiii) Permitted Disposition. Clause (r) of the definition of “Permitted Disposition” set forth in the
Loan Agreement is hereby deleted in its entirety and replaced with the following: 
 “(r) Asset Sales by
Parent and its Subsidiaries, the proceeds of which (valued at the principal amount thereof in the case of non cash proceeds consisting of notes or other debt Securities and valued at fair market value in the case of other non cash proceeds) are less
than $100,000,000 in the aggregate for all Asset Sales during the term of this Agreement; provided, that (A) the consideration received for such assets shall be 

  
 -8-

 
in an amount at least equal to the fair market value thereof (determined in good faith by the board of directors of Administrative Borrower (or similar governing body)), (B) no less than 75%
thereof shall be paid in cash or Cash Equivalents and (C) no such Asset Sales shall consist of a material portion of the assets at any of the facility locations of Borrowers at East Alton, Illinois, Cuba, Missouri and Montpelier, Ohio.”

 (xiv) Permitted Investments. The definition of “Permitted Investments” set forth in the Loan Agreement is
hereby amended by (A) deleting the reference to “and” at the end of clause (t) thereof, (B) deleting the period at the end of clause (u) thereof and replacing it with and” and (C) adding the following new
clause (v) at the end thereof: 
 “(v) other Investments so long as, after giving effect to the making
of any such Investment, the Payments Conditions have been satisfied.” 
 (xv) Reserves. The definition of
“Reserves” set forth in the Loan Agreement is hereby amended by deleting a section of the first sentence thereof, which section starts with the words “Reserves shall” and ends with the words “provided for herein:” and
replacing it with the following: 
 “Reserves” shall mean as of any date of determination, such
amounts as Agent may from time to time establish and revise in good faith, in the exercise of its reasonable business judgment based on how an asset-based lender with similar rights providing a credit facility of the type set forth herein would act
in similar circumstances at the time with the information then available to it, reducing the amount of Loans and Letters of Credit which would otherwise be available to any Borrower under the lending formula(s) provided for herein:”.

 (xvi) Revolving Loan Priority Collateral. The definition of “Revolving Loan Priority Collateral” set forth
in the Loan Agreement is hereby deleted in its entirety and replaced with the following: 
 “
“Revolving Loan Priority Collateral” shall have the same meaning set forth in the Senior Secured Note Intercreditor Agreement for the term “ABL Priority Collateral.” 

(xvii) Trigger Event. The definition of “Trigger Event” set forth in the Loan Agreement is hereby deleted in its
entirety and replaced with the following: 
 “ “Trigger Event” shall mean, at any time, either
(a) an Event of Default shall exist or have occurred and be continuing or (b) average Excess Availability for any period of five (5) consecutive days shall be less than twenty (20%) percent of the Maximum Credit or $40,000,000 as
of any date of the calculation thereof by Agent.” 

  
 -9-

 (c) Interpretation. 

(i) In each instance where the context reasonably requires it, (A) each reference in the Loan Agreement to “Term Loan Facility
Intercreditor Agreement” shall be deemed to refer to “Senior Secured Note Intercreditor Agreement”, (B) each reference in the Loan Agreement to “Term Loan Priority Collateral” shall be deemed to refer to “Senior
Secured Note Priority Collateral”, (C) each reference in the Loan Agreement to “Term Loan Facility Collateral Agent”, “Term Loan Facility Agent” or “Term Loan Agent” shall be deemed to refer to “Senior
Secured Note Trustee” or “Senior Secured Note Collateral Agent”, as applicable, (D) each reference in the Loan Agreement to “Term Loan Agreement” shall be deemed to refer to “Senior Secured Note Indenture”,
(E) each reference in the Loan Agreement to “Term Loan Documents” shall be deemed to refer to “Senior Secured Note Documents” and (F) each reference in the Loan Agreement to “Term Loan Lenders” shall be deemed
to refer to “holders of the Indebtedness arising under the Senior Secured Note Documents”. 
 (ii) For purposes of
this Amendment No. 3, all terms used herein which are not otherwise defined herein, including but not limited to, those terms used in the recitals hereto, shall have the respective meanings assigned thereto in the Loan Agreement as amended by
this Amendment No. 3. 
 2. Schedule of Commitments. Schedule 1.32 to the Loan Agreement is hereby deleted in its
entirety and replaced with Schedule 1.32 attached to this Amendment No. 3. 
 3. Increase in Maximum Credit.
Section 2.7(a)(i) is hereby amended by deleting the reference to “$200,000,000” contained therein and replacing it with “$250,000,000”. 
 4. Maximum Interest. Section 3.11 of the Loan Agreement is hereby amended by deleting the reference to “Loan Documents” contained in the first sentence thereof and replacing it with
“Financing Agreements”. 
 5. Unused Line Fee. Section 3.13 (a) of the Loan Agreement is hereby
deleted in its entirety and replaced with the following: 
 “(a) Borrowers shall pay to Agent, for the
account of Lenders, quarterly an unused line fee at a rate equal to five hundred one-thousandths (0.50%) percent per annum calculated upon the amount by which the Maximum Credit exceeds the average daily principal balance of the outstanding
Revolving Loans and Letters of Credit during the immediately preceding calendar quarter (or part thereof) for so long as any of the Obligations are outstanding, which rate shall be adjusted effective January 1, 2013 and thereafter on the first
day of each calendar quarter to an amount equal to (i) five hundred one-thousandths (0.50%) percent per annum if the average daily principal balance of the outstanding Revolving Loans and Letters of Credit during the immediately preceding
calendar quarter (or applicable part thereof) was less than fifty (50%) percent of the Maximum Credit or (ii) three hundred seventy-five one-thousandths (0.375%) percent per annum if the average daily principal balance of the outstanding
Revolving Loans and Letters of Credit during the immediately preceding calendar quarter (or applicable 

  
 -10-

 
part thereof) was equal to or greater than fifty (50%) percent of the Maximum Credit. Such fee shall be payable on the first day of each calendar quarter in arrears and calculated based on a
three hundred sixty (360) day year and actual days elapsed.” 
 6. Collection of Accounts. Section 6.3(a)
of the Loan Agreement is hereby amended by deleting the fourth sentence therein and replacing it with the following: 
 “Agent shall, at the request of Administrative Borrower, rescind such instruction at any time that (i) no Event of Default shall exist or have occurred and be continuing and (ii) average
Excess Availability shall be greater than twenty (20%) percent of the Maximum Credit or $40,000,000 as of any date of the calculation thereof by Agent, in the case of both clauses (i) and (ii) for a period of not less than forty-five
(45) consecutive days (whereupon the Trigger Event shall be deemed to have ceased to be continuing); provided, that, a Trigger Event shall not be terminated following the third (3rd) such termination during the term of this Agreement.”

 7. Use of Proceeds. Section 6.7 of the Loan Agreement is hereby amended by adding the following at the end of the
second sentence thereof, immediately after the word “Dividends”: “; provided, that, proceeds of the Loans may be used to fund the Issue Date Dividends”. 

8. Collateral Reporting. Section 7.1(a)(i) of the Loan Agreement is hereby deleted in its entirety and replaced with the
following: 
 “(i) as soon as possible after the end of each calendar month (but in any event within ten
(10) Business Days after the end thereof) but if an Event of Default exists or has occurred or Excess Availability is less than seventeen and one-half (17.5%) percent of the Maximum Credit or Excess Availability (calculated without regard
to the Maximum Credit or the Inventory Loan Limit) is less than $75,000,000, then as soon as possible after the end of each calendar week (but in any event within two (2) Business Days after the end thereof), a Borrowing Base Certificate
setting forth the calculation of the Borrowing Base as of the last Business Day of the immediately preceding period, duly completed and executed by the chief financial officer, vice president of finance, treasurer or controller of Administrative
Borrower, together with all schedules required pursuant to the terms of the Borrowing Base Certificate duly completed, it being agreed that if borrowing base reporting under this Section 7.1(a)(i) shall have reverted from monthly to weekly, the
frequency of such reporting shall in no event qualify hereunder for reinstatement as monthly reporting subject to the conditions set forth above until the passage of an additional sixty (60) days thereafter;” 

  
 -11-

 9. Inventory Covenants; Appraisals. Section 7.3(d) of the Loan Agreement is
hereby deleted in its entirety and replaced with the following: 
 “(d) upon Agent’s request, Borrowers
shall, at their expense, (i) no more than one (1) time in any period of twelve (12) consecutive calendar months, if Excess Availability at all times during such twelve (12) month period is greater than or equal to $100,000,000,
(ii) no more than two (2) times in any period of twelve (12) consecutive calendar months, if Excess Availability at any time during such twelve (12) month period is less than $100,000,000 but greater than an amount equal to
fifteen (15%) percent of the Maximum Credit and (iii) at any time or times as Administrative Agent may request if (A) Excess Availability at any time is less than an amount equal to fifteen (15%) percent of the Maximum Credit or
(B) an Event of Default has occurred and is continuing or at Administrative Agent’s own expense, in each case, deliver or cause to be delivered to Agent written appraisals as to the Inventory in form, scope and methodology acceptable to
Agent and by an appraiser reasonably acceptable to Agent, addressed to Agent and Lenders and upon which Agent and Lenders are expressly permitted to rely;” 
 10. Access to Premises. Section 7.8 of the Loan Agreement is hereby deleted in its entirety and replaced with the following: 

“7.8 Access to Premises. From time to time as requested by Agent, at the cost and expense of Borrowers,
(a) Agent or its designee shall have complete access to all of each Borrower’s and Guarantor’s premises during normal business hours and after reasonable prior notice to Administrative Borrower, or at any time and without notice to
Administrative Borrower if an Event of Default exists or has occurred and is continuing, for the purposes of inspecting, verifying and auditing the Collateral and all of each Borrower’s and Guarantor’s books and records, including the
Records, and (b) each Borrower and Guarantor shall promptly furnish to Agent such copies of such books and records or extracts therefrom as Agent may request, and Agent or any Lender or Agent’s designee may use during normal business hours
such of any Borrower’s and Guarantor’s personnel, equipment, supplies and premises as may be reasonably necessary for the foregoing and if an Event of Default exists or has occurred and is continuing for the collection of Receivables and
realization of other Collateral. Notwithstanding anything to the contrary herein, Agent (i) shall not conduct more than one (1) field examination with respect to the Collateral in any period of twelve (12) consecutive calendar months,
if Excess Availability at all times during such twelve (12) month period is greater than or equal to $100,000,000, (ii) shall not conduct more than two (2) field examinations with respect to the Collateral in any period of twelve
(12) consecutive calendar months, if Excess Availability at any time during such twelve (12) month period is less than $100,000,000 but greater than or equal to an amount equal to fifteen (15%) percent of the Maximum Credit, and
(iii) Agent shall be entitled to conduct such field examinations as it may require at any time after either (A) Excess Availability at any time is less than an amount equal to fifteen (15%) percent of the Maximum Credit or (B) an
Event of Default has occurred and is continuing.” 

  
 -12-

 11. Labor Disputes. Section 8.13(b) of the Loan Agreement is hereby deleted in
its entirety and replaced with the following: 
 “(b) no strike, labor dispute, slowdown or stoppage is
pending against any Borrower or Guarantor which could reasonably be expected to cause, or has caused, a Material Adverse Effect.” 
 12. Restrictions on Subsidiaries. Section 8.14 of the Loan Agreement is hereby amended by adding “(or, with respect to the Senior Secured Note Indenture, as in effect on the date of
Amendment No. 3)” immediately after the reference to “as in effect on the date hereof”. 
 13. Financial
Statements and Other Information. 
 (a) Section 9.6(a)(ii) of the Loan Agreement is hereby amended by deleting the
reference to “as soon as available, and in any event, within forty-five (45) days after the end of each Fiscal Quarter of each Fiscal Year of Parent and its Subsidiaries” and replacing it with “as soon as available, and in any
event, within forty-five (45) days after the end of each Fiscal Quarter of each Fiscal Year of Parent and its Subsidiaries (other than the end of any Fiscal Year)”. 
 (b) Section 9.6(a)(v) of the Loan Agreement is hereby deleted in its entirety and the replaced with the following: 

“(v) Following a Qualified IPO, notwithstanding anything to the contrary in Sections 9.6(a), Parent shall be deemed
to have complied with the terms of Section 9.6.(a)(ii) and Section 9.6(a)(iii), as applicable, solely with respect to the financial statements required to be delivered pursuant thereto (but not with respect to any other documents, reports
and/or certificates required to be delivered together with such financial statements pursuant to Section 9.6(a), which documents, reports and/or certificates shall continue to be required to be delivered in accordance with Section 9.6(a))
if Parent delivers to the Agent and the Lenders, in each case, within the respective time periods required under Section 9.6(a)(ii) and Section 9.6(a)(iii), respectively, either (A) the financial statements (and related items)
specifically required to be delivered thereunder or (B) (1) in respect of the first three Fiscal Quarters of any Fiscal Year, its quarterly report on Form 10-Q for the applicable Fiscal Quarter and (2) in respect of each Fiscal Year,
its annual report on Form 10-K for the applicable Fiscal Year, respectively, that it has filed with the Securities and Exchange Commission.” 
 (c) Notwithstanding anything to the contrary set forth in Section 9.6 of the Loan Agreement or otherwise, (i) Agent and Lenders hereby agree that neither Parent, nor any of the Borrowers or
Guarantors, shall be required to deliver to Agent, together with any delivery to Agent of monthly financial statements and related items as required under Section 9.6(a)(i) of the 

  
 -13-

 
Loan Agreement, any management discussion of the results of such monthly financial statements and (ii) Parent hereby agrees to deliver to Agent, together with the delivery to Agent of
quarterly and annual financial statements and related items as required under Sections 9.6(a)(ii) and (iii) of the Loan Agreement, respectively, a management discussion of the results of such quarterly and annual financial statements.

 (d) Section 9.6(c)(i) of the Loan Agreement is hereby amended by deleting the reference to “$500,000” therein
and replacing it with “$2,500,000”. 
 14. Encumbrances. Section 9.8 of the Loan Agreement is hereby
amended by (a) deleting the reference to “and” at the end of clause (u) thereof, (b) deleting the period at the end of clause (v) thereof and replacing it with a semicolon and (c) adding the following new clauses
(w) and (x) at the end thereof: 
 “(w) liens and security interests of the Senior Secured Note
Trustee on the Collateral to secure the Indebtedness of Borrowers and Guarantors under the Senior Secured Note Documents permitted under Section 9.9(r) hereof; provided, that, such liens and security interests as to all Collateral
other than the Senior Secured Note Priority Collateral shall at all times be subject and subordinate to the liens and security interests of Agent therein and otherwise shall at all times be subject to the terms of the Senior Secured Note
Intercreditor Agreement; and 
 (x) the security interests and liens in favor of the Qualified Debt Agent in and
on the assets and properties of Borrowers and Guarantors to secure the Indebtedness to the extent permitted under Section 9.9(s) hereof; provided, that, such security interests and liens in all or any portion of the Revolving Loan
Priority Collateral in favor of the Qualified Debt Agent are junior and subordinate to the security interests and liens on such Revolving Loan Priority Collateral granted by Borrowers and Guarantors in favor of Agent, and such liens and security
interests of the Qualified Debt Agent in the Collateral are subject to the terms of the Qualified Debt Intercreditor Agreement or the Senior Secured Note Intercreditor Agreement, as the case may be.” 

15. Indebtedness. 
 (a) Section 9.9 of the Loan Agreement is hereby amended by deleting clause (b) thereof in its entirety and replacing it with the following: 

“(b) purchase money Indebtedness (including Capital Leases) to the extent secured by purchase money security
interests in Equipment (including Capital Leases) and purchase money mortgages on Real Property, or assumed purchase money Indebtedness in connection with a Permitted Acquisition and Permitted Refinancing Indebtedness in respect thereof; provided,
that, (i) unless, as of the time such Indebtedness is incurred and after giving effect thereto, the Payment Conditions have been satisfied, the total of all such Indebtedness (other than such

  
 -14-

 
Indebtedness arising from Capital Leases) for all such Persons taken together shall not exceed an aggregate principal amount of $5,000,000, (ii) such security interests and mortgages do not
apply to any property of such Borrower, Guarantor or Subsidiary other than the Equipment or Real Property so acquired, and (iii) the Indebtedness secured thereby does not exceed the cost of the Equipment or Real Property so acquired, as the
case may be;” 
 (b) Section 9.9 of the Loan Agreement is hereby amended by (a) deleting the reference to
“and” at the end of clause (p) thereof, (b) deleting the period at the end of clause (q) thereof and replacing it with a semicolon and (c) adding the following new clauses (r), (s) and (t) at the end thereof:

 “(r) the Indebtedness of Borrowers and Guarantors evidenced by or arising under the Senior Secured Note
Documents (as each are in effect on the date hereof or permitted to be amended hereunder); provided, that, each of the following conditions is satisfied; 

(i) the aggregate principal amount of all such Indebtedness at any time shall not exceed $375,000,000 less the aggregate
amount of all repayments or redemptions, whether optional or mandatory, in respect thereof, plus interest thereon at the rate provided for in the Senior Secured Note Documents as in effect on the date of Amendment No. 3, 

(ii) Agent and each Lender shall have received true, correct and complete copies of all of the material Senior Secured
Note Documents or other material agreements, documents, and instruments evidencing or otherwise related to such Indebtedness, each as executed and delivered by the parties thereto, 

(iii) Borrowers and Guarantors shall not, directly or indirectly, make any payments of principal or interest or reimburse
any expenses in respect of such Indebtedness; except, that, Borrowers and Guarantors may (a) make regularly scheduled payments of principal and interest, (b) reimburse expenses in respect thereof, and (c) make mandatory prepayments;
in each case, under clauses (a) , (b) and (c), in cash, when due in accordance with the terms of the Senior Secured Note Documents (as in effect on the date hereof or as amended as permitted hereunder), 

(iv) Notwithstanding the foregoing, Borrowers and Guarantors (i) may make voluntary prepayments or redemptions in
respect of such Indebtedness; provided, that, as of the date of such voluntary prepayment or redemption and after giving effect thereto, the Payment Conditions shall be satisfied, or (ii) may refinance such Indebtedness with
Permitted Refinancing Indebtedness pursuant to Section 9.9(t) hereof, 

  
 -15-

 (v) Borrowers and Guarantors shall not, directly or indirectly, amend,
modify, alter or change any material terms of such Indebtedness or any of the Senior Secured Note Documents unless otherwise not prohibited under the Senior Secured Note Intercreditor Agreement, 

(vi) Borrowers and Guarantors shall furnish to Agent all demands or material notices in connection with such Indebtedness
either received by any Borrower or Guarantor or on its or their behalf promptly after the receipt thereof, or sent by any Borrower or Guarantor or on its or their behalf concurrently with the sending thereof, as the case may be; and 

(vii) the security interests and liens and other terms thereof shall be subject to the Senior Secured Note Intercreditor
Agreement to the extent provided for therein; 
 (s) Indebtedness arising after the date of Amendment No. 3
to the Qualified Debt Agent or other holders thereof (but not to any other Borrower or Guarantor or other Subsidiary of Parent) pursuant to the Qualified Debt Offering, provided, that, each of the following conditions is satisfied:

 (i) as of the date of incurring such Indebtedness, and after giving effect thereto, the Payment Conditions
have been satisfied, 
 (ii) Agent shall have received not less than fifteen (15) days prior written notice
of the intention of such Borrower or Guarantor to incur such Indebtedness, which notice shall set forth in reasonable detail satisfactory to Agent the amount of such Indebtedness, the person or persons to whom such Indebtedness will be owed, the
interest rate, the schedule of repayments and maturity date with respect thereto and such other information as Agent may request with respect thereto, 
 (iii) such Indebtedness shall have a maturity date no earlier than six (6) months after the Maturity Date and shall not include terms and conditions with respect to any Borrower or Guarantor which
are more burdensome or restrictive in any material respect than those contained in this Agreement, taken as a whole, except with respect to financial covenants, provided, that, in the event such more burdensome or restrictive financial
covenants are included in the terms and conditions of such Indebtedness, Borrowers shall have delivered to Agent reasonably detailed projections for Parent and its Subsidiaries through such maturity date giving pro forma effect to the incurrence of
such Indebtedness, based on assumptions that are reasonable at the time made (and which the Borrowers believe are fair and reasonable as of the date of preparation in light of current and reasonably foreseeable business conditions), and
demonstrating pro forma compliance with such financial covenants, in each case prepared in good faith and in a manner and using such methodology as is consistent with the most recent financial statements delivered to Agent pursuant to
Section 9.6 hereof, 

  
 -16-

 (iv) the Indebtedness incurred pursuant to this Section 9.9(s) may be
secured by a lien on the Revolving Loan Priority Collateral that is junior to Agent’s lien on such Revolving Loan Priority Collateral and by a lien on the Senior Secured Note Priority Collateral that is senior, pari passu or junior to
Agent’s lien on such Senior Secured Note Priority Collateral, provided, that, the security interests and liens and other terms thereof shall be subject to (and Agent and Lenders shall have received) the Qualified Debt
Intercreditor Agreement or the Senior Secured Note Intercreditor Agreement, as the case may be, as set forth in Section 9.8(x) hereof, 
 (v) Agent shall have received true, correct and complete copies of all agreements, documents or instruments evidencing or otherwise related to such Indebtedness, in each case in form and substance
reasonably satisfactory to Agent, 
 (vi) Borrowers and Guarantors shall not, directly or indirectly, make any
payments in respect of such Indebtedness, except that (A) Borrowers may make, as applicable, in respect of such Indebtedness (1) regularly scheduled payments of principal and interest; provided, that, in no
event shall the aggregate amount of regularly scheduled payments of principal paid or to be paid in respect of such Indebtedness during any calendar year exceed an amount equal to five (5%) percent of the original principal amount of such
Indebtedness, (2) mandatory prepayments and redemptions for such Indebtedness, in each case, to the extent reasonable and customary and (3) payments for the reimbursement of reasonable and documented out-of-pocket costs and expenses in
respect thereof, (B) Borrowers may make voluntary payments or redemptions, as applicable, so long as, as of the date of any such payment or redemption and after giving effect thereto, the Payment Conditions have been satisfied and
(C) Borrowers may refinance such Indebtedness with Permitted Refinancing Indebtedness pursuant to Section 9.9(t), 
 (vii) at any time after the occurrence and during the continuance of a Trigger Event, except as Agent may otherwise agree in writing, such proceeds shall be paid to Agent for application to the
Obligations in accordance with the terms hereof, 
 (viii) Borrowers and Guarantors shall not, directly or
indirectly, (A) amend, modify, alter or change the terms of such Indebtedness or any agreement, document or instrument related thereto, except as shall not be prohibited by the terms of the Qualified Debt Intercreditor Agreement (or Senior Secured
Note Intercreditor Agreement, as the case may be), or (B) redeem, retire, defease, purchase or otherwise acquire such Indebtedness, or set aside or otherwise deposit or invest any sums for such purpose (except pursuant to payments permitted in
clause (s)(vi) above or in connection with any refinancing of such Indebtedness pursuant to Section 9.9(t) hereof), and 

  
 -17-

 (ix) Borrowers and Guarantors shall furnish to Agent all notices or demands
in connection with such Indebtedness either received by any Borrower or Guarantor or on its behalf promptly after the receipt thereof, or sent by any Borrower or Guarantor or on its behalf concurrently with the sending thereof, as the case may be;
and 
 (t) Permitted Refinancing Indebtedness of Indebtedness permitted under Sections 9.9 (r) and
(s) hereof.” 
 16. Dividends and Redemptions. Section 9.11 of the Loan Agreement is hereby amended by
(a) deleting the reference to “and” at the end of clause (g) thereof, (b) deleting clause (h)(i) in its entirety and replacing it with “[intentionally deleted],” and deleting the period at the end of clause
(h) thereof and replacing it with a semicolon and (c) adding the following new clauses (i) and (j) at the end thereof: 
 “(i) Parent and its Subsidiaries may make additional Restricted Junior Payments; provided, that, after giving pro forma effect to such Restricted Payment, the Payment Conditions shall
be satisfied; and 
 (j) Notwithstanding anything to the contrary herein, Parent and its Subsidiaries may make
additional Restricted Junior Payments with proceeds from the issuance of the Senior Secured Notes and proceeds of any Loans, in each case, to the extent such proceeds are used to fund the Issue Date Dividends.” 

17. Transactions with Affiliates. Section 9.12 of the Loan Agreement is hereby amended by deleting clause (b)(vi) therein in
its entirety and replacing it with the following: 
 “(vi) payments to KPS and its Control Investment
Affiliates to the extent expressly permitted hereunder;” 
 18. Limitation of Restrictions Affecting Subsidiaries.
Section 9.16 of the Loan Agreement is hereby amended by deleting clause (iii) therein in its entirety and replacing it with the following: 
 “(iii) the Senior Secured Note Documents as in effect on the date of Amendment No. 3 and as they may be amended or otherwise modified in accordance with the Senior Secured Note Intercreditor
Agreement,” 
 19. Fixed Charge Coverage Ratio. Section 9.17 of the Loan Agreement is hereby deleted in its
entirety and replaced with the following: 
 “9.17 Fixed Charge Coverage Ratio. At any time that
Excess Availability is less than ten (10%) percent of the Maximum Credit, the Fixed Charge Coverage Ratio of Parent and its Subsidiaries (on a consolidated basis) determined as of the end of the most recently ended month for which Agent has
received financial statements shall be not less than 1.1 to 1.0 for the period of the immediately preceding twelve (12) consecutive calendar months.” 

  
 -18-

 20. Costs and Expenses; Field Examinations. Section 9.23(f) of the Loan
Agreement is hereby deleted in its entirety and replaced with the following: 
 “(f) all out-of-pocket
expenses and costs heretofore and from time to time hereafter incurred by Agent during the course of periodic field examinations of the Collateral and such Borrower’s or Guarantor’s operations, plus a per diem charge at Agent’s then
standard rate for Agent’s examiners in the field and office (which rate as of the date hereof is $1,000 per person per day), it being agreed that Agent shall conduct not more than such number of field examinations as set forth in
Section 7.8 hereof;” 
 21. Events of Default. 

(a) Section 10.1 (d) of the Loan Agreement is hereby deleted in its entirety and replaced with the following: 

“(d) any judgment for the payment of money in excess of $ 10,000,000 in the aggregate or any material judgment other
than for the payment of money (to the extent, in each case, not covered by insurance where the insurer has not disputed coverage for such judgment) is rendered against any Borrower or Guarantor and, in each case, shall remain undischarged or
unvacated for a period in excess of forty-five (45) days or execution shall at any time not be effectively stayed, or any injunction, attachment, garnishment or execution (which injunction, attachment or garnishment shall remain undischarged or
unvacated for a period in excess of forty-five (45) days or execution shall at any time not be effectively stayed) is rendered against any Borrower or Guarantor or any of the Revolving Loan Priority Collateral having a value in excess of
$5,000,000;” 
 (b) Section 10.1(k) of the Loan Agreement is hereby deleted in its entirety and replaced with the
following: 
 “(k) an ERISA Event shall occur which results in or could reasonably be expected to have a
Material Adverse Effect;” 
 22. Term of Agreement. Section 13.1(a) of the Loan Agreement is hereby amended by
deleting the reference therein to “August 18, 2014 (the “Maturity Date”)” and replacing it with “June 1, 2017 (the “Maturity Date”)”. 

23. Consent to Refinancing. Agent, Lenders and Issuing Bank hereby consent to the following: 

(a) on the date hereof, the proceeds from the issuance of the Senior Secured Notes (the “Bond Proceeds”) will be used to repay
and extinguish any and all obligations and other Indebtedness of the Borrowers, any of the Guarantors and any of their respective Subsidiaries arising under the Term Loan Documents (the “Refinancing”), and the Term Loan Documents will be
terminated in connection therewith; 

  
 -19-

 (b) in connection with the Refinancing, the Issue Date Dividends may be paid, all as
described in the final offering materials prepared in connection with the issuance of the Senior Secured Notes, using Bond Proceeds and proceeds from any Loans; 
 (c) in connection with the Refinancing, the Agent and the Senior Secured Note Trustee will enter into the Senior Secured Note Intercreditor Agreement, in form and substance reasonably satisfactory to
Agent (as determined by Agent), and the Term Loan Facility Intercreditor Agreement will terminate; and 
 (d) the entry by Agent
and/or the Senior Secured Note Trustee and/or the Borrowers and/or the Guarantors and any of their respective subsidiaries into any and all other agreements or arrangements, in form and substance reasonably satisfactory to Agent (as determined by
Agent), to effectuate any of the foregoing and other matters reasonably incidental thereto 
 24. Fees. 

(a) In consideration of the amendments set forth herein, Borrowers shall on the date hereof, pay to General Electric Capital Corporation,
in its capacity as a Lender, or Agent, at its option, may (on behalf of General Electric Capital Corporation) charge the loan account of Borrowers maintained by Agent, (i) an amendment fee in the amount equal to three-quarters of one (.75%)
percent of its aggregate Commitment outstanding as of the date hereof after giving effect to this Amendment No. 3 and (ii) a structuring fee in the amount equal to one-quarter of one (.25%) percent of its aggregate Commitment outstanding
as of the date hereof after giving effect to this Amendment No. 3, in each case, which fee is fully earned and payable as of the date hereof and shall constitute part of the Obligations 

(b) In consideration of the amendments set forth herein, Borrowers shall on the date hereof, pay to Bank of America, N.A., in its
capacity as a Lender, or Agent, at its option, may (on behalf of Bank of America, N.A.) charge the loan account of Borrowers maintained by Agent, (i) an amendment fee in the amount equal to three-quarters of one (.75%) percent of its aggregate
Commitment outstanding as of the date hereof after giving effect to this Amendment No. 3 and (ii) a structuring fee in the amount equal to one-quarter of one (.25%) percent of its aggregate Commitment outstanding as of the date hereof
after giving effect to this Amendment No. 3, in each case, which fee is fully earned and payable as of the date hereof and shall constitute part of the Obligations. 
 25. Representations and Warranties. Borrowers and Guarantors, jointly and severally, represent and warrant with and to Agent and Lenders as follows, which representations and warranties shall
survive the execution and delivery hereof, the truth and accuracy of, or compliance with each, together with the representations, warranties and covenants in the other Financing Agreements, being a continuing condition of the making of Revolving
Loans and providing Letters of Credit to Borrowers after the date hereof: 
 (a) no Default or Event of Default, exists or has
occurred and is continuing; 

  
 -20-

 (b) this Amendment No. 3 and each other agreement to be executed and delivered by
Borrowers and Guarantors in connection herewith has been duly authorized, executed and delivered by all necessary action on the part of each Borrower and Guarantor which is a party hereto and is in full force and effect as of the date hereof, as the
case may be, and the agreements and obligations of each of the Borrowers and Guarantors, as the case may be, contained herein and therein constitute legal, valid and binding obligations of each of the Borrowers and Guarantors, enforceable against
them in accordance with their terms except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar law limiting creditors’ rights generally and by general equitable principles; 

(c) the execution, delivery and performance of this Amendment No. 3 (i) are all within each Borrower’s and
Guarantor’s corporate and limited liability company powers and (ii) are not in contravention of law or the terms of any Borrower’s or Guarantor’s certificate or articles of incorporation, by laws, certificate of formation, operating
agreement or other organizational documentation, or any indenture, material agreement or material undertaking to which any Borrower or Guarantor is a party or by which any Borrower or Guarantor or its property are bound; and 

(d) all of the representations and warranties set forth in the Loan Agreement and the other Financing Agreements, each as amended hereby,
are true and correct in all material respects on and as of the date hereof, as if made on the date hereof, except to the extent any such representation or warranty is made as of a specified date, in which case such representation or warranty shall
have been true and correct as of such date. 
 26. Conditions Precedent. The amendments contained herein shall only be
effective upon the satisfaction of each of the following conditions precedent in a manner satisfactory to Agent: 
 (a) Agent
shall have received counterparts of this Amendment No. 3, duly authorized, executed and delivered by Borrowers, Guarantors and all Lenders; 
 (b) Agent shall have received, in form and substance satisfactory to Agent, the Senior Secured Note Intercreditor Agreement, duly authorized, executed and delivered by the Senior Secured Note Trustee,
Borrowers and Guarantors; 
 (c) Agent shall have received a true, correct and complete copies of the Senior Secured Note
Documents, as duly executed and delivered by the parties thereto; 
 (d) Excess Availability on the date hereof shall be not
less than $100,000,000 and Excess Availability as of the Amendment No. 3 Effective Date, after giving effect to the payment of costs, fees and expenses in connection with the termination of the Term Loan Documents and the consummation of the
transactions contemplated by the Senior Secured Note 

  
 -21-

 
Documents to be consummated on the Amendment No. 3 Effective Date, the payment of the Issue Date Dividends and the payment of all fees payable to Lenders in connection with Amendment
No. 3 on the Amendment No. 3 Effective Date, shall be not less than $100,000,000; 
 (e) Agent shall have received
evidence, in form and substance satisfactory to Agent, that the Term Loan Documents have been terminated and all obligations and other Indebtedness of the Borrowers, any of the Guarantors and any of their respective Subsidiaries arising under the
Term Loan Documents has been repaid and extinguished from proceeds of the issuance of the Senior Secured Notes; 
 (f) the
applicable Lenders shall have received in immediately available funds, or Agent shall have charged the loan account of Borrowers maintained by Agent, the full amount of the fees referred to in Section 24 hereof; and 

(g) no Default or Event of Default shall have occurred and be continuing. 

27. Intercreditor Agreements. 
 (a) The Lenders acknowledge that the Senior Secured Notes shall be secured by Liens on the Collateral and that the exercise of certain of the rights and remedies of Agent under the Financing Agreements
may be subject to the provisions of the Senior Secured Note Intercreditor Agreement. Each Lender is hereby deemed to irrevocably (a) consent to the subordination of Liens provided for under the Senior Secured Note Intercreditor Agreement and
the other terms and conditions therein, (b) authorize and direct the Agent to execute and deliver the Senior Secured Note Intercreditor Agreement and any documents relating thereto, in each case, on behalf of such Lender and to take all actions
(and execute all documents) required (or deemed advisable) by it in accordance with the terms of the Senior Secured Note Intercreditor Agreement, in each case, and without any further consent, authorization or other action by such Lender,
(c) agree that, upon the execution and delivery thereof, such Lender will be bound by the provisions of the Senior Secured Note Intercreditor Agreement as if it were a signatory thereto and will take no actions contrary to the provisions of the
Senior Secured Note Intercreditor Agreement, (d) agree that no Lender shall have any right of action whatsoever against the Agent as a result of any action taken by Agent pursuant to this Section or in accordance with the terms of the Senior
Secured Note Intercreditor Agreement and (e) acknowledge that a copy of the Senior Secured Note Intercreditor Agreement has been delivered, or made available, to such Lender. Each Lender is hereby deemed to further irrevocably authorize and
direct the Agent to enter into such amendments, supplements or other modifications to the Senior Secured Note Intercreditor Agreement as are approved by Agent and the Required Lenders; provided, that, Agent may execute and deliver such
amendments, supplements and modifications thereto as are contemplated by the Senior Secured Note Intercreditor Agreement in connection with any extension, renewal, refinancing or replacement of the Loan Agreement or any refinancing of the
Obligations, in each case, on behalf of such Lender and without any further consent, authorization or other action by any Lender. The Agent shall have the benefit of the provisions of Section 12 of the Loan Agreement with respect to all actions
taken by it pursuant to this Section or in accordance with the terms of the Senior Secured Note Intercreditor Agreement to the full extent thereof. 

  
 -22-

 (b) The Lenders acknowledge that, in the event a Qualified Debt Offering is consummated, it
shall be secured by Liens on the Collateral and that the exercise of certain of the rights and remedies of Agent under the Financing Agreements may be subject to the provisions of the Qualified Debt Intercreditor Agreement. At such time that the
Qualified Debt Intercreditor Agreement is entered into, each Lender is hereby deemed to irrevocably (a) authorize and direct the Agent to execute and deliver the Qualified Debt Intercreditor Agreement and any documents relating thereto, in each
case, on behalf of such Lender and to take all actions (and execute all documents) required (or deemed advisable) by it in accordance with the terms of the Qualified Debt Intercreditor Agreement, in each case, and without any further consent,
authorization or other action by such Lender, (b) agree that, upon the execution and delivery thereof, such Lender will be bound by the provisions of the Qualified Debt Intercreditor Agreement as if it were a signatory thereto and will take no
actions contrary to the provisions of the Qualified Debt Intercreditor Agreement, (c) agree that no Lender shall have any right of action whatsoever against the Agent as a result of any action taken by Agent pursuant to this Section or in
accordance with the terms of the Qualified Debt Intercreditor Agreement and (d) acknowledge that a copy of the Qualified Debt Intercreditor Agreement has been delivered, or made available, to such Lender. At such time that the Qualified Debt
Intercreditor Agreement is entered into, each Lender is hereby deemed to further irrevocably authorize and direct the Agent to enter into such amendments, supplements or other modifications to the Qualified Debt Intercreditor Agreement as are
approved by Agent and the Required Lenders, provided, that, Agent may execute and deliver such amendments, supplements and modifications thereto as are contemplated by the Qualified Debt Intercreditor Agreement in connection with any
extension, renewal, refinancing or replacement of the Loan Agreement or any refinancing of the Obligations, in each case, on behalf of such Lender and without any further consent, authorization or other action by any Lender. The Agent shall have the
benefit of the provisions of Section 12 of the Loan Agreement with respect to all actions taken by it pursuant to this Section or in accordance with the terms of the Qualified Debt Intercreditor Agreement to the full extent thereof. 

28. Effect of this Amendment. Except as expressly set forth herein, no other amendments, consents, changes, or modifications to
the Financing Agreements are intended or implied, and in all other respects the Financing Agreements are hereby specifically ratified, restated and confirmed by all parties hereto as of the effective date hereof and Borrowers and Guarantors shall
not be entitled to any other or further amendment or consent by virtue of the provisions of this Amendment No. 3 or with respect to the subject matter of this Amendment No. 3. To the extent of conflict between the terms of this Amendment
No. 3 and the other Financing Agreements, the terms of this Amendment No. 3 shall control. The Loan Agreement and this Amendment No. 3 shall be read and construed as one agreement. 

29. Governing Law. The validity, interpretation and enforcement of this Amendment No. 3 and any dispute arising out of the
relationship between the parties hereto whether in contract, tort, equity or otherwise, shall be governed by the internal laws of the State of New York but excluding any principles of conflicts of law or other rule of law that would cause the
application of the law of any jurisdiction other than the laws of the State of New York. 

  
 -23-

 30. Binding Effect. This Amendment No. 3 shall be binding upon and inure to the
benefit of each of the parties hereto and their respective successors and assigns. 
 31. Further Assurances. Borrowers
and Guarantors shall execute and deliver such additional documents and take such additional action as may be reasonably requested by Agent to effectuate the provisions and purposes of this Amendment No. 3. 

32. Entire Agreement. This Amendment No. 3 represents the entire agreement and understanding concerning the subject matter
hereof among the parties hereto, and supersedes all other prior agreements, understandings, negotiations and discussions, representations, warranties, commitments, proposals, offers and contracts concerning the subject matter hereof, whether oral or
written. 
 33. Headings. The headings listed herein are for convenience only and do not constitute matters to be
construed in interpreting this Amendment No. 3. 
 34. Counterparts. This Amendment No. 3 may be executed in
any number of counterparts, each of which shall be an original, but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of this Amendment No. 3 by telefacsimile or other electronic method
of transmission shall have the same force and effect as delivery of an original executed counterpart of this Amendment No. 3. Any party delivering an executed counterpart of this Amendment No. 3 by telefacsimile or other electronic method
of transmission shall also deliver an original executed counterpart of this Amendment No. 3, but the failure to do so shall not affect the validity, enforceability, and binding effect of this Amendment No. 3. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 -24-

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 3 to be duly
executed and delivered by their authorized officers as of the day and year first above written. 
  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Agent, a Lender and as Issuing Bank
		
	By:	 	 

		
	Title:	 	 Vice President

  

			
	BORROWERS:
	
	GLOBAL BRASS AND COPPER, INC.
	CHASE BRASS AND COPPER COMPANY, LLC
	GBC METALS, LLC (formerly known as Global Metals, LLC)
	CHASE BRASS, LLC
	A.J. OSTER, LLC
		
	By:	 	  

	Name:	 	Robert Micchelli
	Title:	 	Chief Financial Officer
	
	GUARANTORS:
	
	GLOBAL BRASS AND COPPER HOLDINGS, INC.
	BRYAN METALS, LLC
	OLIN FABRICATED METAL PRODUCTS, LLC
	CHASE INDUSTRIES, LLC
	A.J. OSTER FOILS, LLC
	A.J. OSTER CARIBE, LLC
	A.J. OSTER WEST, LLC
		
	By:	 	  

	Name:	 	Robert Micchelli
	Title:	 	Chief Financial Officer

  
 Amendment
No. 3 to Amended and Restated Loan and 
 Security Agreement 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 3 to be duly executed
and delivered by their authorized officers as of the day and year first above written. 
  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Agent, a Lender and as Issuing Bank
		
	By:	 	  

		
	Title:	 	  

  

			
	BORROWERS:
	
	GLOBAL BRASS AND COPPER, INC.
	CHASE BRASS AND COPPER COMPANY, LLC
	GBC METALS, LLC (formerly known as Global Metals, LLC)
	CHASE BRASS, LLC
	A.J. OSTER, LLC
		
	By.	 	 

	Name:	 	Robert Micchelli
	Title:	 	Chief Financial Officer
	
	GUARANTORS:
	
	GLOBAL BRASS AND COPPER HOLDINGS, INC.
	BRYAN METALS, LLC
	OLIN FABRICATED METAL PRODUCTS, LLC
	CHASE INDUSTRIES, LLC
	A.J. OSTER FOILS, LLC
	A.J. OSTER CARIBE, LLC
	A.J. OSTER WEST, LLC
		
	By:	 	 

	Name:	 	Robert Micchelli
	Title:	 	Chief Financial Officer

  
 Amendment
No. 3 to Amended and Restated Loan and 
 Security Agreement 

 
			
	GENERAL ELECTRIC CAPITAL CORPORATION, as a Lender
		
	By:	 	 

		
	Title:	 	Duly Authorized Signatory

  
 Amendment
No. 3 to Amended and Restated Loan and 
 Security Agreement 

 
			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 

		
	Title:	 	 SENIOR VICE PRESIDENT

  
 Amendment
No. 3 to Amended and Restated Loan and 
 Security Agreement 

 Schedule 1.32 
 to 
 Amended and Restated Loan and Security Agreement 

Commitments 
  

					
	 Lender
	  	Commitment	 
		
	 Wells Fargo Bank, National Association
	  	$	80,000,000	  
		
	 General Electric Capital Corporation
	  	$	66,670,000	  
		
	 Bank of America, N.A.
	  	$	53,330,000	  
		
	 Total:
	  	$	200,000,000	  

  
 Amendment
No. 3 to Amended and Restated Loan and 
 Security AgreementSenior Lien Intercreditor Agreement

 Exhibit 10.12 
 EXECUTION VERSION 
 SENIOR LIEN INTERCREDITOR AGREEMENT 

dated as of 

June 1, 2012 

among 
 WELLS
FARGO BANK, NATIONAL ASSOCIATION, 
 as ABL Facility Collateral Agent, 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Trustee under the Senior Secured Notes, 
 WELLS FARGO BANK, NATIONAL
ASSOCIATION, 
 as Senior Secured Notes Collateral Agent, 

GLOBAL BRASS AND COPPER, INC., 
 GLOBAL BRASS AND COPPER HOLDINGS, INC. 
 and 

The Subsidiaries of Global Brass and Copper Holdings, Inc. Named Herein 

 SENIOR LIEN INTERCREDITOR AGREEMENT (this “Agreement”) dated as of
June 1, 2012, among WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent and collateral agent for the ABL Facility Secured Parties referred to herein (together with its successors or co-agents in substantially the same capacity as may
from time to time be appointed, the “ABL Facility Collateral Agent”), WELLS FARGO BANK, NATIONAL ASSOCIATION, as trustee for the Senior Secured Noteholders referred to herein (together with its successors or co-agents or
co-trustees in substantially the same capacity as may from time to time be appointed, the “Trustee”), WELLS FARGO BANK, NATIONAL ASSOCIATION, as collateral agent for the Senior Secured Noteholders referred to herein (together
with its successors and co-agents in substantially the same capacity as may from time to time be appointed, the “Senior Secured Notes Collateral Agent”), GLOBAL BRASS AND COPPER HOLDINGS, INC.
(“Holdings”), GLOBAL BRASS AND COPPER, INC. (the “Company”), the subsidiaries of Holdings named herein, each Other Senior Secured Lien Obligations Agent (as defined herein) and each Other Senior
Secured Lien Obligations Collateral Agent (as defined herein) from time to time party hereto. 
 This Agreement governs the
relationship between the Senior Secured Lien Obligations Secured Parties (as defined herein) as a group, on the one hand, and the ABL Facility Secured Parties, on the other hand, with respect to the Collateral, and, if applicable, the relationship
of the holders of Senior Secured Lien Obligations among themselves with respect to the Collateral to the extent of their respective interests therein. In addition, it is understood and agreed that not all of the holders of Senior Secured Lien
Obligations may have security interests in all of the Collateral and nothing in this agreement is intended to give rights to any Person in any Collateral in which such Person (or their Representative or Collateral Agent) does not otherwise have a
security interest. 
 In consideration of the mutual agreements herein contained and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the ABL Facility Collateral Agent (for itself and on behalf of the ABL Facility Secured Parties), the Trustee (for itself and on behalf of the Senior Secured Note Secured Parties), the Senior
Secured Notes Collateral Agent, Holdings, the Company and the subsidiaries of Holdings party hereto hereby agree as follows: 

ARTICLE I 

Definitions 
 SECTION 1.01. Construction; Certain Defined Terms. 
 (a) The
definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the
context requires otherwise, (i) any definition of or reference to any agreement, instrument, other document, statute or regulation herein shall be construed as referring to such agreement, instrument, other document, statute or regulation as
from time to time amended, supplemented or 

 
otherwise modified, (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, but shall not be deemed to include the subsidiaries of
such Person unless express reference is made to such subsidiaries, (iii) the words “herein”, “hereof and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to
any particular provision hereof, (iv) all references herein to Articles, Sections and Annexes shall be construed to refer to Articles, Sections and Annexes of this Agreement, (v) unless otherwise expressly qualified herein, the words
“asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights and (vi) the
term “or” is not exclusive. 
 (b) As used in this Agreement, the following terms have the meanings specified below:

 “ABL Facility” means (i) the credit facility evidenced by the ABL Facility Loan Agreement, as
amended, restated, supplemented, waived, replaced (whether or not upon termination, and whether with the original agents, lenders or otherwise), restructured, repaid, refunded, refinanced or otherwise modified from time to time, including any
agreement or indenture extending the maturity thereof, refinancing, replacing or otherwise restructuring all or any portion of the indebtedness thereunder or under such agreement or agreements or indenture or indentures or any successor or
replacement agreement or agreements or indenture or indentures or increasing the amount loaned or issued thereunder or altering the maturity thereof, and (ii) whether or not the facility referred to in clause (i) remains outstanding, if
designated by the Company in writing to the ABL Facility Collateral Agent, the Trustee, the Notes Collateral Agent and each Other Senior Secured Lien Obligations Collateral Agent party hereto, if any, to be included in the definition of “ABL
Facility,” one or more (A) debt facilities or commercial paper facilities, providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to lenders or to special purpose entities formed
to borrow from lenders against such receivables) or letters of credit, (B) debt securities, indentures or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees or bankers’ acceptances), or
(C) instruments or agreements evidencing any other indebtedness, in each case, with the same or different borrowers or issuers and, in each case, as amended, supplemented, modified, extended, restructured, renewed, refinanced, restated,
replaced or refunded in whole or in part from time to time. 
 “ABL Facility Documents” means the ABL
Facility, the ABL Facility Loan Agreement, the ABL Facility Security Documents, and the other agreements and instruments entered into in connection with the ABL Facility. 
 “ABL Facility IP Security Agreement” means any intellectual property security agreement now existing or to be entered into by and among the Company, Holdings, the subsidiaries of
Holdings party thereto and the applicable collateral agent under the ABL Facility that create Liens on intellectual property of any Grantor to secure any ABL Obligations, including any copyright security agreement, patent security or trademark
security agreement. 
 “ABL Facility Loan Agreement” means the Amended and Restated Loan and Security
Agreement, dated as of August 18, 2010, as amended as of the Issue Date, among Holdings, the 

  
 2 

 
Company and each other Subsidiary of the Company from time to time designated as a “Borrower” or “Guarantor” thereunder, the lenders party thereto and Wells
Fargo Bank, National Association (or an affiliate thereof), as agent, as amended, supplemented or modified from time to time in accordance with its terms. 
 “ABL Facility Secured Parties” means, at any time, the lenders, affiliates of lenders, issuing bank, swingline lender, counterparties to Swap Agreements entered into with the
Company and its affiliates, the beneficiaries of indemnification obligations understaken by any of the Company and its affiliates, in each case party to any ABL Facility Document and the successors and permitted assigns of each of the foregoing, in
each case to the extent such party has been granted a Lien on the assets of the Company, Holdings or the subsidiaries of Holdings under the ABL Facility Security Documents. 
 “ABL Facility Security Documents” means ABL Facility Loan Agreement, any ABL Facility IP Security Agreement, the ABL Mortgages and any other documents now existing or entered into
after the date hereof that create Liens on any assets or properties of any Grantor to secure any ABL Obligations. 

“ABL Mortgages” means all “Mortgages” as defined in the ABL Facility. 

“ABL Obligations” means all monetary or other liabilities, indebtedness or obligations of every kind, nature and
description (including all “Obligations” (as such term is defined in the ABL Facility Loan Agreement)) of the borrowers and other obligors (including the Company and the Senior Secured Note Guarantors) under the ABL Facility or any of the
other ABL Facility Documents, including to pay principal, premium, if any, and interest (including any interest accruing after the commencement of bankruptcy or insolvency proceedings) when due and payable, and all other amounts due or to become due
under or in connection with the ABL Facility Documents and the performance of all other obligations of the obligors thereunder to the lenders and agents under the ABL Facility Documents, according to the respective terms thereof. 

“ABL Priority Collateral” means all Collateral as more particularly set forth on Annex A annexed hereto.

 “ABL Priority Possessory Collateral” shall mean ABL Priority Collateral that is Possessory
Collateral. 
 “Applicable Collateral Agent” means (a) with respect to the Notes Priority
Collateral, the Applicable Senior Secured Lien Collateral Agent and (b) with respect to the ABL Priority Collateral, the ABL Facility Collateral Agent. 
 “Applicable Junior Collateral Agent” means (a) with respect to the Notes Priority Collateral, the ABL Facility Collateral Agent, and (b) with respect to the ABL Priority
Collateral, the Applicable Senior Secured Lien Collateral Agent. 
 “Applicable Possessory Collateral
Agent” means (a) with respect to ABL Priority Possessory Collateral, the ABL Facility Collateral Agent and (b) with respect to Notes Priority Possessory Collateral, the Applicable Senior Secured Lien Collateral Agent.

  
 3 

 “Applicable Senior Collateral Agent” means (a) with respect to
the ABL Priority Collateral, the ABL Facility Collateral Agent, and (b) with respect to the Notes Priority Collateral, the Applicable Senior Secured Lien Collateral Agent. 

“Applicable Senior Secured Lien Collateral Agent” means (i) the Senior Secured Notes Collateral Agent, until
such time as the Senior Secured Note Obligations under the Senior Secured Note Documents cease to be the only Class of Senior Secured Lien Obligations under this Agreement and (ii) thereafter, the representative of the Senior Secured Lien
Obligations, which will be appointed from time to time by the holders representing more than 50% of the obligations (including undrawn commitments, if any, as if drawn) evidencing such class of Senior Secured Lien Obligations with the greatest
aggregate principal amount then outstanding, as designated by such representative in a notice to the ABL Facility Collateral Agent, the Senior Secured Notes Collateral Agent, any Other Senior Secured Lien Obligations Collateral Agent and the Company
under this Agreement (provided that until such notice is delivered the existing Applicable Senior Secured Lien Collateral Agent shall continue to represent the holders of the Senior Secured Lien Obligations). 

“Bankruptcy Code” means Title 11 of the United States Code, as now and hereafter in effect, and any successor
statute thereto. 
 “Business Day” shall mean any day that is not a Saturday, Sunday or other day on
which commercial banks in New York City are authorized or required by law to remain closed; provided, however, that when used in connection with a Eurodollar Rate Loan (as defined in the ABL Facility), the term “Business Day”
shall also exclude any day on which banks are not open for dealings in deposits in the applicable currency in the London interbank market. 
 “Business Interruption Insurance” shall mean insurance under any insurance policy that replaces income or earnings lost as a result of any event that interrupts the operations of
the policyholder’s business or is otherwise designed to insure the policyholder against interruptions in the operations of the policyholder’s business. 
 “Business Interruption Insurance Proceeds” means any net cash payments or proceeds received by Holdings or any of its Subsidiaries under any Business Interruption Insurance.

 “Class” has the meaning set forth in the definition of Senior Secured Obligations. 

“Collateral” means all assets and properties subject to Liens in favor of any Secured Party created by any of the
ABL Facility Security Documents, the Senior Secured Note Security Documents or each Other Senior Secured Lien Obligations Security Documents, as applicable, to secure the ABL Obligations, the Senior Secured Notes Obligations or any Series of Other
Senior Secured Lien Obligations, as applicable. 
 “Collateral Agent” means the ABL Facility Collateral
Agent, any other collateral agent under the ABL Facility, the Senior Secured Notes Collateral Agent, each Other Senior Secured Lien Obligations Collateral Agent, or all of the foregoing, as the context may require. 

“Credit Agreement Mortgages” means all “Mortgages” as defined in the ABL Facility. 

  
 4 

 “Discharge” means, with respect to any Obligations, except to the
extent otherwise provided herein with respect to the reinstatement or continuation of any such Obligations, the payment in full in cash (except for contingent indemnities and cost and reimbursement obligations to the extent no claim has been made)
of all such Obligations then outstanding, if any, and, with respect to letters of credit or letter of credit guaranties outstanding under the agreements or instruments (the “Relevant Instruments”) governing such Obligations,
delivery of cash collateral or backstop letters of credit in respect thereof in a manner reasonably satisfactory to the Applicable Collateral Agent and issuing lenders under such Relevant Instruments, in each case after or concurrently with the
termination of all commitments to extend credit thereunder, and the termination of all commitments of “secured parties” under the Relevant Instruments; provided, however, that (i) the Discharge of ABL Obligations shall
not be deemed to have occurred if such payments are made with the proceeds of other ABL Obligations that constitute an exchange or replacement for or a refinancing of such ABL Obligations and (ii) the Discharge of Senior Secured Lien
Obligations shall not be deemed to have occurred if such payments are made with the proceeds of other Senior Secured Lien Obligations that constitute an exchange or replacement for or a refinancing of such Senior Secured Lien Obligations. In the
event any Obligations are modified and such Obligations are paid over time or otherwise modified pursuant to Section 1129 of the Bankruptcy Code, such Obligations shall be deemed to be discharged when the final payment is made, in cash, in
respect of such indebtedness and any obligations pursuant to such new indebtedness shall have been satisfied. The term “Discharged” shall have a corresponding meaning. 

“Event of Default” means an “Event of Default” under and as defined in the ABL Facility, the Indenture,
or any Other Senior Secured Lien Obligations Credit Documents as the context may require. 
 “Grantor”
means Holdings, the Company and each subsidiary of Holdings that shall have granted any Lien in favor of any Collateral Agent on any of its assets or properties to secure any of the Obligations. 

“Indenture” means (i) the Indenture, dated as of June 1, 2012, among the Company, Holdings, the
Subsidiaries of Holdings party thereto, the Trustee, as trustee thereunder, and the Senior Secured Notes Collateral Agent, as collateral agent thereunder, as amended, restated, supplemented, waived, replaced (whether or not upon termination, and
whether with the original lenders or otherwise), restructured, repaid, refunded, refinanced or otherwise modified from time to time after the Issue Date, including any agreement or indenture extending the maturity thereof, refinancing, replacing or
otherwise restructuring all or any portion of the indebtedness under such agreement or agreements or indenture or indentures or any successor or replacement agreement or agreements or indenture or indentures or increasing the amount loaned or issued
thereunder or altering the maturity thereof, and (ii) whether or not the Indenture referred to in clause (i) remains outstanding, if designated by the Company to be included in the definition of “Indenture,” one or more
(A) debt facilities or commercial paper facilities, providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to lenders or to special purpose entities formed to borrow from lenders
against such receivables) or letters of credit, (B) debt securities, indentures or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees or bankers’ acceptances), or (C) instruments
or agreements evidencing any other indebtedness, in each case, 

  
 5 

 
with the same or different borrowers or issuers and, in each case, as amended, supplemented, modified, extended, restructured, renewed, refinanced, restated, replaced or refunded in whole or in
part from time to time. 
 “Insolvency or Liquidation Proceeding” shall mean (a) any voluntary or
involuntary case or proceeding under the Bankruptcy Code with respect to any Grantor, (b) any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other
similar case or proceeding with respect to any Grantor or with respect to any of its assets, (c) any liquidation, dissolution, reorganization or winding up of any Grantor whether voluntary or involuntary and whether or not involving insolvency
or bankruptcy or (d) any assignment for the benefit of creditors or any other marshalling of assets and liabilities of any Grantor. 
 “Issue Date” means June 1, 2012. 

“Joinder Agreement” shall mean an agreement in form and substance substantially similar to Exhibit A
hereto, pursuant to which any Other Senior Secured Lien Obligations Secured Parties, either directly or through their respective Other Senior Secured Lien Obligations Agent and Other Senior Secured Lien Obligations Collateral Agent become a party
hereto in accordance with Section 6.14 hereof. 
 “Junior Claims” means (a) with respect to
the ABL Priority Collateral, the Senior Secured Note Obligations and each Series of Other Senior Secured Lien Obligations, in each case, secured by such Collateral, and (b) with respect to the Notes Priority Collateral, the ABL Obligations
secured by such Collateral. 
 “Junior Collateral Agent” means (a) with respect to the Notes
Priority Collateral, the ABL Facility Collateral Agent, and (b) with respect to the ABL Priority Collateral, the Senior Secured Notes Collateral Agent and each Other Senior Secured Lien Obligations Collateral Agent for any Series of Other
Senior Secured Lien Obligations secured by a junior Lien in the ABL Priority Collateral. 
 “Junior
Representative” means (a) with respect to the Notes Priority Collateral, the ABL Facility Collateral Agent, and (b) with respect to the ABL Priority Collateral, each of the Trustee and each Other Senior Secured Lien
Obligations Agent. 
 “Junior Secured Obligations” means (a) with respect to the Senior Secured
Note Obligations and each Series of Other Senior Secured Lien Obligations (to the extent any of such Obligations are secured by the Notes Priority Collateral), the ABL Obligations, and (b) with respect to ABL Obligations (to the extent such
Obligations are secured by the ABL Priority Collateral), the Senior Secured Note Obligations and each Series of Other Senior Secured Lien Obligations. 
 “Junior Secured Obligations Collateral” means, with respect to any Obligations, the Collateral in respect of which such Obligations constitute Junior Claims. 

“Junior Secured Obligations Secured Parties” means (a) with respect to the Notes Priority Collateral, the
ABL Facility Secured Parties, and (b) with respect to the ABL Priority Collateral, the Senior Secured Note Secured Parties and each Other Senior Secured Lien Obligations Secured Parties. 

  
 6 

 “Lien” has the meaning set forth in the Indenture or the ABL
Facility. 
 “Mortgages” means the Credit Agreement Mortgages, the Senior Secured Note Mortgages and
each Other Senior Secured Lien Obligations Mortgages. 
 “New York UCC” means the Uniform Commercial
Code as from time to time in effect in the State of New York. 
 “Notes Priority Collateral” means all
Collateral under the Senior Secured Lien Obligations Documents not constituting ABL Priority Collateral. 
 “Notes
Priority Possessory Collateral” shall mean Notes Priority Collateral that is Possessory Collateral. 

“Obligations” means the ABL Obligations, the Senior Secured Note Obligations and the Other Senior Secured Lien
Obligations. 
 “Other Senior Secured Lien Obligations” means monetary or other liabilities,
indebtedness or obligations of every kind, nature and description of the Company and the Note Guarantors (other than Senior Secured Note Obligations and the ABL Obligations) that are equally and ratably secured with the Senior Secured Note
Obligations and are designated by the Company as “Other Senior Secured Lien Obligations”; provided, however, that the requirements set forth in Section 6.14 shall have been satisfied and, until the Discharge of the
Senior Secured Note Obligations, such obligations constitute “Other Pari Passu Lien Obligations” under the Indenture. 

“Other Senior Secured Lien Obligations Agent” shall mean, with respect to any Series of Other Senior Secured Lien
Obligations or any separate facility within such Series, the Person elected, designated or appointed as the administrative agent, trustee or similar representative of such Series or such separate facility within such Series by or on behalf of the
holders of such Series of Other Senior Secured Lien Obligations or such separate facility within such Series, and its respective successors in substantially the same capacity as may from time to time be appointed. 

“Other Senior Secured Lien Obligations Collateral Agent” means with respect to any Series of Other Senior Secured
Lien Obligations, the Person elected, designated or appointed as the collateral agent of such Series by or on behalf of the holders of such Series of Other Senior Secured Lien Obligations and its respective successors in substantially the same
capacity as may from time to time be appointed. 
 “Other Senior Secured Lien Obligations Credit
Document” means any (a) instruments, agreements or documents evidencing debt facilities or commercial paper facilities, providing for revolving credit loans, term loans, receivables financing (including through the sale of
receivables to lenders or to special purpose entities formed to borrow from lenders against such receivables) or letters of credit, (b) debt securities, indentures or other forms of debt financing

  
 7 

 
(including convertible or exchangeable debt instruments or bank guarantees or bankers’ acceptances), or (c) instruments or agreements evidencing any other indebtedness, in each case to
the extent that (i) the obligations in respect thereof constitute Other Senior Secured Lien Obligations and (ii) the Representative with respect thereto has become a party hereto in accordance with Section 6.14 hereof. 

“Other Senior Secured Lien Obligations Documents” means each Other Senior Secured Lien Obligations Credit
Document and each Other Senior Secured Lien Obligations Security Document related thereto. 
 “Other Senior Secured
Lien Obligations Mortgages” means all mortgages, trust deeds, deeds of trust, deeds to secure debt, assignments of leases and rents, and other security documents relating to any Real Estate Asset, if any, in each case, in favor of the
Other Senior Secured Lien Obligations Secured Parties or their respective Other Senior Secured Lien Obligations Representative. 

“Other Senior Secured Lien Obligations Representative” means each of the Other Senior Secured Lien Obligations
Agent and the Other Senior Secured Lien Obligations Collateral Agent. 
 “Other Senior Secured Lien Obligations
Secured Parties” means holders of any Other Senior Secured Lien Obligations who have directly or through their respective Other Senior Secured Lien Obligations Agent or Other Senior Secured Lien Obligations Collateral Agent, become
party to and bound by this Agreement pursuant to a Joinder Agreement in accordance with the provisions of Section 6.14 hereof. 
 “Other Senior Secured Lien Obligations Security Documents” means any security agreement or any other document now existing or entered into after the date hereof that create Liens
on any assets or properties of any Grantor to secure any Other Senior Secured Lien Obligations. 
 “Permitted
Remedies” means, with respect to any Junior Secured Obligations: 
 (i) filing a claim or statement of
interest with respect to such Obligations; provided, however, that an Insolvency or Liquidation Proceeding has been commenced by or against any Grantor; 
 (ii) taking any action (not adverse to the Liens securing Senior Secured Obligations, the priority status thereof, or the rights of the Applicable Collateral Agent or any of the Senior Secured
Obligations Secured Parties to exercise rights, powers, or remedies in respect thereof) in order to create, perfect, preserve or protect (but not enforce) its Lien on any of the Collateral; 

(iii) filing any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other
pleading made by any person objecting to or otherwise seeking the disallowance of the claims of the Junior Secured Obligations Secured Parties, including any claims secured by the Junior Secured Obligations Collateral, in each case in accordance
with the terms of this Agreement; 

  
 8 

 (iv) filing any pleadings, objections, motions or agreements which assert rights or
interests available to unsecured creditors of the Grantors arising under either any Insolvency or Liquidation Proceeding or applicable non-bankruptcy law, in each case not inconsistent with the terms of this Agreement or applicable law (including
the bankruptcy laws of any applicable jurisdiction); and 
 (v) voting on any Plan of Reorganization, filing any proof of
claim, making other filings and making any arguments, obligations, and motions (including in support of or opposition to, as applicable, the confirmation or approval of any Plan of Reorganization) that are, in each case, in accordance with the terms
of this Agreement. 
 “Person” has the meaning specified in the Indenture or the ABL Facility, as
applicable. 
 “Plan of Reorganization” means any plan of reorganization, plan of liquidation, agreement
for composition, or other type of plan of arrangement proposed in or in connection with any Insolvency or Liquidation Proceeding. 
 “Possessory Collateral” shall mean the Collateral in the possession or control of any Collateral Agent (or its agents or bailees), to the extent that possession or control
thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and tangible Chattel Paper, in each case,
delivered to or in the possession of any Collateral Agent under the terms of the ABL Facility Security Documents, the Senior Secured Note Security Documents or any Other Senior Secured Lien Obligations Security Documents. All capitalized terms used
in this definition and not defined elsewhere in this Agreement have the meanings assigned to them in the New York UCC. 

“Possessory Collateral Agent” shall mean, with respect to any Possessory Collateral, the Collateral Agent having
possession or control (including through its agents or bailees) of same. 
 “Refinance” means to amend,
restate, supplement, waive, replace (whether or not upon termination, and whether with the original parties or otherwise), restructure, repay, refund, refinance or otherwise modify from time to time (including by means of any agreement or indenture
extending the maturity thereof, refinancing, replacing or otherwise restructuring all or any portion of the obligations under such agreement or agreements or indenture or indentures or any successor or replacement agreement or agreements or
indenture or indentures or increasing the amount loaned or issued thereunder or altering the maturity thereof); provided, however, that any of the foregoing that increases the principal amount of Senior Claims with respect to any
Collateral shall be effective for purposes hereof only if such increase (in the case of any of the foregoing with respect to a revolving credit facility, determined solely at the time the relevant commitments become effective, assuming that the full
amount thereof had been drawn at such time) does not contravene the documents pursuant to which any Junior Claims with respect to such Collateral have been incurred. “Refinanced” and “Refinancing”
shall have correlative meanings. 
 “Real Estate Asset” means, at any time of determination, any
interest (fee, leasehold or otherwise) then owned by any Grantor in any real property. 

  
 9 

 “Representative” means (a) in the case of any ABL Obligations,
the ABL Facility Collateral Agent, (b) in the case of any Senior Secured Note Obligations, the Trustee, and (c) in the case of any Series of Other Senior Secured Lien Obligations, each Other Senior Secured Lien Obligations Agent of such
Series. 
 “SEC” shall mean the United States Securities and Exchange Commission or any successor
thereto. 
 “Secured Parties” means the ABL Facility Secured Parties, the Senior Secured Note Secured
Parties and each Other Senior Secured Lien Obligations Secured Party. 
 “Senior Claims” means
(a) with respect to the ABL Priority Collateral, the ABL Obligations secured by such Collateral, and (b) with respect to the Notes Priority Collateral, the Senior Secured Note Obligations and each Series of Other Senior Secured Lien
Obligations, in each case, secured by such Collateral. 
 “Senior Collateral Agent” means (a) with
respect to the Notes Priority Collateral, each of the Senior Secured Notes Collateral Agent and each Other Senior Secured Lien Obligations Collateral Agent and (b) with respect to the ABL Priority Collateral, the ABL Facility Collateral Agent.

 “Senior Priority Collateral Agent” means, collectively, each of the Senior Secured Notes Collateral
Agent and each Other Senior Secured Lien Obligations Collateral Agent. 
 “Senior Representative” means
(a) with respect to the Notes Priority Collateral, each of the Trustee and each Other Senior Secured Lien Obligations Agent and (b) with respect to the ABL Priority Collateral, the ABL Facility Collateral Agent. 

“Senior Secured Lien Obligations” means (i) the Senior Secured Notes Obligations and (ii) the Other
Senior Secured Lien Obligations. 
 “Senior Secured Lien Obligations Documents” means the Senior Secured
Note Documents and each Other Senior Secured Lien Obligations Documents. 
 “Senior Secured Lien Obligations
Representative” means, collectively, each of the Trustee and each Other Senior Secured Lien Obligations Agent. 

“Senior Secured Lien Obligations Secured Parties” means each of the Senior Secured Note Secured Parties and each
Other Senior Secured Lien Obligations Secured Party. 
 “Senior Secured Note Documents” means the
Indenture, the Senior Secured Note Security Agreement, all Senior Secured Note IP Security Agreements, the Senior Secured Note Mortgages and any other documents now existing or entered into after the date hereof that create Liens on any assets or
properties of any Grantor to secure any Senior Secured Note Obligations. 
 “Senior Secured Note
Guarantee” means any guarantee of the Obligations of the Company under the Indenture and the Senior Secured Notes by any Person (as such term is defined in the Indenture) in accordance with the provisions of the Indenture. 

  
 10 

 “Senior Secured Note Guarantor” means any Person (as such terms is
defined in the Indenture) that incurs a Senior Secured Note Guarantee; provided, however, that upon the release or discharge of such Person from its Note Guarantee in accordance with the Indenture, such Person ceases to be a Note
Guarantor. 
 “Senior Secured Noteholders” means the holders of the Senior Secured Notes. 

“Senior Secured Note IP Security Agreement” means any intellectual property security agreement now existing or to
be entered into by and among the Company, Holdings, the subsidiaries of Holdings party thereto and the Senior Secured Notes Collateral Agent that create Liens on intellectual property of any Grantor to secure any Senior Secured Note Obligations,
including any copyright security agreement, patent security or trademark security agreement. 
 “Senior Secured Note
Mortgages” means all mortgages securing the Senior Secured Note Obligations. 
 “Senior Secured Note
Obligations” means all monetary or other liabilities, indebtedness or obligations of every kind, nature and description (including all “Obligations” (as such term is defined in the Indenture)) of the Company and any other
obligor under the Indenture or any of the other Senior Secured Note Documents, including any Senior Secured Note Guarantor, including to pay principal, premium, if any, and interest (including any interest accruing after the commencement of
bankruptcy or insolvency proceedings) when due and payable, and all other amounts due or to become due under or in connection with the Senior Secured Note Documents and the performance of all other obligations of the Company and the Senior Secured
Note Guarantors to the Trustee and the holders of the Senior Secured Notes under Senior Secured Note Documents, according to the respective terms thereof. 
 “Senior Secured Notes” means the 9.50% senior secured notes due 2019 issued under the Indenture, and any other senior secured notes issued thereunder. 

“Senior Secured Note Secured Parties” means, at any time, (a) the Senior Secured Noteholders, (b) the
Trustee and the Senior Secured Notes Collateral Agent, (c) the beneficiaries of each indemnification obligation undertaken by any of the Company and its subsidiaries party under any Senior Secured Note Document, (d) each other Person to
whom any of the Senior Secured Note Obligations are owed and (e) the successors and permitted assigns of each of the foregoing. 
 “Senior Secured Note Security Agreement” means the Pledge and Security Agreement dated as of June 1, 2012, by and among the Company, Holdings, each of the Grantors party
thereto and the Senior Secured Notes Collateral Agent. 
 “Senior Secured Note Security Documents” means
the Senior Secured Note Security Agreement, the Indenture, all Senior Secured Note IP Security Agreements, the Senior Secured Note Mortgages, the Senior Secured Notes, the Senior Secured Note Guarantees and any other documents now existing or
entered into after the date hereof that create Liens on any assets or properties of any Grantor to secure any Senior Secured Note Obligations. 

  
 11 

 “Senior Secured Obligations” means (a) with respect to the ABL
Obligations (to the extent such Obligations are secured by the Notes Priority Collateral), the Senior Secured Lien Obligations, and (b) with respect to the Senior Secured Lien Obligations (to the extent such Obligations are secured by the ABL
Priority Collateral), the ABL Obligations; the Senior Secured Lien Obligations shall, collectively, constitute one “Class” of Senior Secured Obligations and the ABL Obligations shall constitute a separate
“Class” of Senior Secured Obligations. 
 “Senior Secured Obligations
Collateral” means, with respect to any Obligations, the Collateral in respect of which such Obligations constitute Senior Claims. 
 “Senior Secured Obligations Secured Parties” means (a) with respect to the Notes Priority Collateral, the Senior Secured Note Secured Parties and each Other Senior Secured
Lien Obligations Secured Parties, and (b) with respect to the ABL Priority Collateral, the ABL Facility Secured Parties. 

“Series” means (a) each of the Senior Secured Note Obligations and each series of Other Senior Secured Lien
Obligations, each of which shall constitute a separate Series of the Class of Senior Secured Obligations constituting Senior Secured Lien Obligations, except that to the extent that any two series of such Other Senior Secured Lien Obligations
(i) are secured by identical Collateral held by a common collateral agent, (ii) have their security interests documented by a single set of security documents and (iii) the two series are issued or incurred either on the same date or
within 30 days of the issuance or incurrence of each other, each such series of Other Senior Secured Lien Obligations shall collectively constitute a single Series; and (b) the ABL Obligations, which shall constitute the sole Series of the
Class of Senior Secured Obligations constituting ABL Obligations. With respect to the Senior Secured Lien Obligations Secured Parties, the Senior Secured Lien Obligations Secured Parties with respect to each Series of Senior Secured Lien Obligations
shall constitute a separate Series of Senior Secured Lien Obligations Secured Parties. 
 “Shared
Collateral” means at any time, Collateral in which the holders of two or more Series of Senior Secured Lien Obligations (or their respective Collateral Agents or Representatives) hold a valid and perfected security interest at
such time. If more than two Series of Senior Secured Lien Obligations are outstanding at any time and the holders of less than all Series of Senior Secured Lien Obligations hold a valid and perfected security interest in any Collateral at such time,
then such Collateral shall constitute Shared Collateral for those Series of Senior Secured Lien Obligations that hold a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not
have a valid and perfected security interest in such Collateral at such time. 
 “Shared Perfected
Collateral” means Shared Collateral in which each holder of Senior Secured Lien Obligations (or their respective Collateral Agents or Representatives) has been granted a valid security interest, which security interest was at any
time a perfected security interest, and which security interest was at any time not voidable as a preference under the Bankruptcy Code (it being understood that “at any time” shall not be construed to mean at the same time). 

  
 12 

 “subsidiary” has the meaning set forth in the Indenture or the ABL
Facility. 
 “Swap Agreement” shall mean any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic,
financial or pricing risk or value or any similar transaction or any combination of these transactions; provided, however, that no phantom stock or similar plan providing for payments only on account of services provided by current or
former directors, officers, employees or consultants of Holdings, the Company or any of the Subsidiaries shall be a Swap Agreement. 
 ARTICLE II 
 Priorities and Agreements with Respect to Collateral

 SECTION 2.01. Priority of Claims. (a) Anything contained herein or in any of the ABL Facility
Documents or the Senior Secured Lien Obligations Documents to the contrary notwithstanding, if an Event of Default has occurred and is continuing, and any Collateral Agent is taking action to enforce rights in respect of any Collateral (whether in
an Insolvency or Liquidation Proceeding or otherwise), or any distribution is made in respect of any Collateral in any Insolvency or Liquidation Proceeding with respect to any Grantor, the Proceeds (subject, in the case of any such distribution, to
Section 2.06 hereof) (all proceeds of any sale, collection or other liquidation of any Collateral and all proceeds of any such distribution being collectively referred to as “Proceeds”) shall be applied as follows:

 (i) In the case of Notes Priority Collateral, 

FIRST, to the Applicable Senior Secured Lien Collateral Agent for distribution: 

(A) in the case of Shared Perfected Collateral, (i) first, to pay any outstanding fees, expenses and indemnity
claims of the Senior Priority Collateral Agents and (ii) second, to the payment in full of the other Senior Secured Lien Obligations on a ratable basis; and 

(B) in the case of Shared Collateral other than Shared Perfected Collateral, (a) first, to each Senior Priority
Collateral Agent that at such time holds a perfected security interest in such Shared Collateral, which security interest is not subject to avoidance as a preference under the Bankruptcy Code, to (i) first, pay any outstanding fees, expenses
and indemnity claims of such agents, and (ii) second, to pay all other such Series of Senior Secured Lien Obligations until such Series has been paid in full and, in the case of more than one Series, on a ratable basis and (b) second, to
each Senior Priority Collateral Agent of any other Series of Senior Secured Lien Obligations for whom such Collateral constitutes Shared Collateral (i) first, to pay any outstanding fees, expenses and indemnity claims of such agents, and
(ii) second, to pay all other such Series of Senior Secured Lien Obligations on a ratable basis until each such Series has been paid in full; and 

  
 13 

 SECOND, to the payment in full of the ABL Obligations in accordance with
(x) Section 6.4 of the ABL Facility Loan Agreement (to the extent such application of proceeds occurs prior to the full and final payment and satisfaction of all obligations under the ABL Facility Loan Agreement and the termination thereof
in accordance with its terms) and/or (y) such other similar provision of the applicable ABL Facility Documents (provided that prior to the full and final payment and satisfaction of all obligations under the ABL Facility Loan Agreement and the
termination thereof in accordance with its terms, any application of proceeds pursuant to the foregoing clause (y) will be made to the extent expressly permitted under the ABL Facility Loan Agreement). 

If any ABL Obligations remain outstanding after the Discharge of the Senior Secured Lien Obligations, all proceeds of the
Notes Priority Collateral will be applied to the repayment of any outstanding ABL Obligations on a ratable basis. 
 (ii) In the case of ABL Priority Collateral, 
 FIRST, to the
payment in full of the ABL Obligations in accordance with (x) Section 6.4 of the ABL Facility Loan Agreement (to the extent such application of proceeds occurs prior to the full and final payment and satisfaction of all obligations under
the ABL Facility Loan Agreement and the termination thereof in accordance with its terms) and/or (y) such other similar provision of the applicable ABL Facility Documents (provided that prior to the full and final payment and satisfaction of
all obligations under the ABL Facility Loan Agreement and the termination thereof in accordance with its terms, any application of proceeds pursuant to the foregoing clause (y) will be made to the extent expressly permitted under the ABL
Facility Loan Agreement), and 
 SECOND, to the Applicable Senior Secured Lien Collateral Agent for distribution
in accordance with clause (a)(i) above. 
 If any Senior Secured Lien Obligations remain outstanding after the
Discharge of the ABL Obligations, all proceeds of the ABL Priority Collateral will be applied to the repayment of any outstanding Senior Secured Lien Obligations in accordance with clause (a)(i) above. 

(b) It is acknowledged that (i) the aggregate amount of any Senior Secured Obligations may, subject to the limitations set forth in
the ABL Facility, the Indenture and any Other Senior Secured Lien Obligations Credit Documents, be Refinanced from time to time, all without affecting the priorities set forth in Section 2.01(a) or the provisions of this Agreement defining the
relative rights of the ABL Facility Secured Parties, the Senior Secured Note Secured Parties and the Other Senior Secured Lien Obligations Secured Parties, and (ii) a portion of the Senior Secured Obligations consists or may consist of
indebtedness that is revolving in nature, and the amount thereof that may be outstanding at any time or from time to time may be 

  
 14 

 
increased or reduced and subsequently reborrowed. The priorities provided for herein shall not be altered or otherwise affected by any Refinancing of either the Junior Secured Obligations (or any
part thereof) or the Senior Secured Obligations (or any part thereof), by the release of any Collateral or of any guarantees for any Senior Secured Obligations or by any action that any Representative or Secured Party may take or fail to take in
respect of any Collateral. 
 (c) Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of
any Liens securing the Senior Secured Lien Obligations granted on the Collateral or of any Liens securing the ABL Obligations granted on the Collateral and notwithstanding any provision of the Uniform Commercial Code of any jurisdiction, or any
other applicable law or the ABL Facility Documents, the Senior Secured Note Documents, or any Other Senior Secured Lien Obligations Documents or any defect or deficiencies in, or failure to perfect any such Liens or any other circumstance
whatsoever: 
 (i) (1) the Liens on the Notes Priority Collateral securing Senior Secured Lien
Obligations will rank senior to any Liens on such Notes Priority Collateral securing ABL Obligations, and (2) the Liens on the ABL Priority Collateral securing ABL Obligations will rank senior to any Liens on such ABL Priority Collateral
securing Senior Secured Lien Obligations, and 
 (ii) the Senior Secured Notes Collateral Agent, on behalf
of itself and the Senior Secured Note Secured Parties, and each Other Senior Secured Lien Obligations Collateral Agent, on behalf of itself and the applicable Other Senior Secured Lien Obligations Secured Parties, each hereby agrees that the Liens
of each such Collateral Agent shall be of equal priority; provided, however, that the foregoing shall not be construed to alter the relative rights or priorities of the various Series of Senior Secured Lien Obligations Secured Parties
against each other Series of Senior Secured Lien Obligations hereunder. 
 (d) To the extent that as a result of any provision
of this Agreement, Rule 3-16 of Regulation S-X under the Securities Act (or any successor or similar regulation) would require the filing with the SEC separate financial statements of any of the Company’s subsidiaries because such
subsidiary’s capital stock or other securities would be deemed to secure the Senior Secured Notes or any Other Senior Secured Lien Obligations, then such provision shall be void and have no effect, but only to the extent necessary to not be
subject to such requirement and only for so long as such requirement is in existence; it being understood that such voidance shall only apply to the Class of Senior Secured Obligations triggering such filing obligation. 

SECTION 2.02. Actions With Respect to Collateral; Prohibition on Contesting Liens. 

(a) Until the Discharge of all of the Senior Secured Obligations of a particular Class, (i) only the Applicable Collateral Agent
shall be entitled to act or act with respect to the Senior Secured Obligations Collateral of such Class and then only on the instructions of the applicable Senior Representative and no other agent, representative or Secured Party of any other Class
shall be permitted to act with respect to such Senior Secured Obligations Collateral , (ii) no 

  
 15 

 
Collateral Agent shall follow any instructions with respect to such Senior Secured Obligations Collateral from any Junior Representative or from any Junior Secured Obligations Secured Parties,
and (iii) each Junior Representative and the Junior Secured Obligations Secured Parties shall not, and shall not instruct any Collateral Agent to, commence any judicial or nonjudicial foreclosure proceedings with respect to, seek to have a
trustee, receiver, liquidator or similar official appointed for or over, attempt any action to take possession of, exercise any right, remedy or power with respect to, or otherwise take any action to enforce its interest in or realize upon, or take
any other action available to it in respect of, any Junior Secured Obligations Collateral, whether under any ABL Facility Security Document, any Senior Secured Note Security Document or any Other Senior Secured Lien Obligations Security Documents,
as applicable, applicable law or otherwise, it being agreed that (A) only the Applicable Collateral Agent, acting in accordance with the ABL Facility Security Documents, the Senior Secured Note Security Documents or the Other Senior Secured
Lien Obligations Security Documents, as applicable, shall be entitled to take any such actions or exercise any such remedies, or to cause any Collateral Agent to do so and (B) notwithstanding the foregoing, each Junior Representative may take
Permitted Remedies. Notwithstanding the equal priority of the Liens, each Senior Collateral Agent may deal with the Senior Secured Obligations Collateral as if they had a senior Lien on such Collateral. No Junior Collateral Agent, Junior
Representative or Junior Secured Obligations Secured Party will contest, protest or object to any foreclosure proceeding or action brought by the Senior Collateral Agent, Senior Representative or Senior Secured Obligations Secured Party or any other
exercise by the Senior Collateral Agent, Senior Representative or Senior Secured Obligations Secured Party of any rights and remedies relating to the Senior Secured Obligations Collateral. 

(b) The Senior Secured Notes Collateral Agent, each of the other Senior Secured Note Secured Parties, each Other Senior Secured Lien
Obligations Collateral Agent and each of the other Other Senior Secured Lien Obligations Secured Parties each agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including
any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the ABL Facility Secured Parties in all or any part of the Collateral, or the provisions of this Agreement, and
the ABL Facility Collateral Agent and each of the ABL Facility Secured Parties each agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or
Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Senior Secured Lien Obligations Secured Parties in all or any part of the Collateral, or the provisions of this Agreement;
provided, however, that nothing in this Agreement shall be construed to prevent or impair the rights of any of the ABL Facility Collateral Agent, any ABL Facility Secured Party, the Senior Secured Notes Collateral Agent, the Senior
Secured Note Secured Parties, any Other Senior Secured Lien Obligations Collateral Agent or any Other Senior Secured Lien Obligations Secured Parties to enforce this Agreement. 

(c) The parties hereto agree to execute, acknowledge and deliver a Memorandum of Intercreditor Agreement (“Memorandum”),
together with such other documents in furtherance hereof or thereof, in each case, in proper form for recording in connection with any Mortgages and in form and substance reasonably satisfactory to each of the Collateral Agents, in those
jurisdictions where such recording is reasonably recommended or requested by local real estate counsel or the title insurance company, or as otherwise deemed reasonably necessary or proper by the parties hereto. 

  
 16 

 SECTION 2.03. No Duties of Senior Representative; Provision of Notice

 (a) Each Junior Secured Obligations Secured Party acknowledges and agrees that none of the Collateral Agents, the Senior
Representative nor any other Senior Secured Obligations Secured Party shall have any duties or other obligations to such Junior Secured Obligations Secured Party with respect to any Senior Secured Obligations Collateral, other than to transfer to
the Applicable Junior Collateral Agent any proceeds of any such Collateral that constitutes Junior Secured Obligations Collateral remaining in its possession following any sale, transfer or other disposition of such Collateral (in each case, unless
the Junior Secured Obligations have been Discharged prior to or concurrently with such sale, transfer, disposition, payment or satisfaction) and the Discharge of the Senior Secured Obligations secured thereby, or if a Collateral Agent shall be in
possession of all or any part of such Collateral after such payment and satisfaction in full and termination, such Collateral or any part thereof remaining, in each case without representation or warranty on the part of any Collateral Agent, the
Senior Representative or any Senior Secured Obligations Secured Party. In furtherance of the foregoing, each Junior Secured Obligations Secured Party acknowledges and agrees that until the Senior Secured Obligations secured by any Collateral shall
have been Discharged, the Applicable Collateral Agent shall be entitled, for the benefit of the holders of such Senior Secured Obligations, to sell, transfer or otherwise dispose of or deal with such Collateral as provided herein and in the ABL
Facility Documents and any Senior Secured Lien Obligations Documents, as applicable, without regard to any Junior Claims or any rights to which the holders of the Junior Secured Obligations would otherwise be entitled as a result of such Junior
Claims. Without limiting the foregoing, each Junior Secured Obligations Secured Party agrees that none of the Collateral Agents, the Senior Representatives nor any other Senior Secured Obligations Secured Party shall have any duty or obligation
first to marshal or realize upon any type of Senior Secured Obligations Collateral (or any other collateral securing the Senior Secured Obligations), or to sell, dispose of or otherwise liquidate all or any portion of such Collateral (or any other
collateral securing the Senior Secured Obligations), in any manner that would maximize the return to the Junior Secured Obligations Secured Parties, notwithstanding that the order and timing of any such realization, sale, disposition or liquidation
may affect the amount of proceeds actually received by the Junior Secured Obligations Secured Parties from such realization, sale, disposition or liquidation. Each of the Junior Secured Obligations Secured Parties waives any claim such Junior
Secured Obligations Secured Party may now or hereafter have against any Collateral Agent, any Senior Representative or any other Senior Secured Obligations Secured Party (or their representatives) arising out of (i) any actions which any
Collateral Agent, any Senior Representative or the Senior Secured Obligations Secured Parties may take or omit to take (including, actions with respect to the creation, perfection or continuation of Liens on any Collateral, actions with respect to
the foreclosure upon, sale, release or depreciation of, or failure to realize upon, any of the Collateral and actions with respect to the collection of any claim for all or any part of the Senior Secured Obligations from any account debtor,
guarantor or any other party) in accordance with the ABL Facility Documents and any Senior Secured Lien Obligations Documents or any other agreement related thereto or to the collection of the Senior Secured Obligations or the valuation, use,
protection or release of any security for the Senior Secured Obligations, (ii) any election by any Senior Representative or any 

  
 17 

 
Senior Secured Obligations Secured Parties, in any proceeding instituted under the Bankruptcy Code, of the application of Section 1111(b) of the Bankruptcy Code or (iii) subject to
Section 2.06, any borrowing by, or grant of a security interest or administrative expense priority under Section 364 of the Bankruptcy Code by, Holdings or any of its subsidiaries, as debtor-in-possession. 

(b) The Senior Secured Notes Collateral Agent shall, after obtaining actual knowledge that it no longer qualifies as the Applicable
Senior Secured Lien Collateral Agent, notify the Company and the other Senior Secured Lien Obligations Representatives and the ABL Facility Collateral Agent of the same. 
 SECTION 2.04. No Interference; Payment Over; Reinstatement. 
 (a)
Each Junior Secured Obligations Secured Party, Junior Representative and Junior Collateral Agent agrees that (i) it will not take or cause to be taken any action the purpose or effect of which is, or could be, to make any Junior Claim pari
passu with, or to give such Junior Secured Obligations Secured Party any preference or priority relative to, any Senior Claim with respect to the Collateral securing the Senior Claims or any part thereof, (ii) it will not challenge or question
in any proceeding the validity or enforceability of any ABL Facility Security Document, Senior Secured Note Security Document or Other Senior Secured Lien Obligations Security Document or the validity, attachment, perfection or priority of any Lien
under the ABL Facility Security Documents, the Senior Secured Note Security Documents or Other Senior Secured Lien Obligations Security Documents, or the validity or enforceability of the priorities, rights or duties established by or other
provisions of this Agreement, (iii) it will not take or cause to be taken any action the purpose or intent of which is, or could be, to interfere, hinder or delay, in any manner, whether by judicial proceedings or otherwise, any sale, transfer
or other disposition of the Senior Secured Obligations Collateral by the Applicable Collateral Agent or any Senior Secured Obligations Secured Parties or any Senior Representative acting on their behalf, (iv) it shall have no right to
(A) direct the Applicable Collateral Agent, any Senior Representative or any holder of Senior Secured Obligations to exercise any right, remedy or power with respect to any Senior Secured Obligations Collateral or (B) consent to the
exercise by the Applicable Collateral Agent, any Senior Representative or any other Senior Secured Obligations Secured Party of any right, remedy or power with respect to any Senior Secured Obligations Collateral, (v) it will not institute any
suit or assert in any suit, bankruptcy, insolvency or other proceeding any claim against the Applicable Collateral Agent, any Senior Representative or other Senior Secured Obligations Secured Party seeking damages from or other relief by way of
specific performance, instructions or otherwise with respect to, and none of the Applicable Collateral Agent, any Senior Representative or any other Senior Secured Obligations Secured Party shall be liable to any Junior Secured Obligations Secured
Party, Junior Representative or Junior Collateral Agent for, any action taken or omitted to be taken by such Applicable Collateral Agent, such Senior Representative or other Senior Secured Obligations Secured Party with respect to any Senior Secured
Obligations Collateral, (vi) it will not seek, and hereby waives any right, to have any Senior Secured Obligations Collateral or any part thereof marshaled upon any foreclosure or other disposition of such Collateral and (vii) it will not
attempt, directly or indirectly, whether by judicial proceedings or otherwise, to challenge the enforceability of any provision of this Agreement; provided, however, that nothing in this Agreement shall be construed to prevent or
impair the rights of any of the ABL Facility 

  
 18 

 
Collateral Agent, any ABL Facility Secured Party, the Senior Secured Notes Collateral Agent, the Senior Secured Note Secured Parties, any Other Senior Secured Lien Obligations Collateral Agent or
any Other Senior Secured Lien Obligations Secured Parties to enforce this Agreement. 
 (b) Each Junior Representative, each
Junior Collateral Agent and each other Junior Secured Obligations Secured Party hereby agrees that if it shall obtain possession of any Senior Secured Obligations Collateral or shall realize any proceeds or payment in respect of any such Collateral,
pursuant to any ABL Facility Security Document, Senior Secured Note Security Document or Other Senior Secured Lien Obligations Security Document or by the exercise of any rights available to it under applicable law or in any bankruptcy, insolvency
or similar proceeding or through any other exercise of remedies, at any time prior to the Discharge of the Senior Secured Obligations, then it shall hold such Collateral, proceeds or payment in trust for the Senior Secured Obligations Secured
Parties and transfer such Collateral, proceeds or payment, as the case may be, to the Applicable Collateral Agent reasonably promptly after obtaining actual knowledge, or notice from the Applicable Collateral Agent, that it is in possession of such
Collateral, proceeds or payment. Each Junior Secured Obligations Secured Party agrees that if, at any time, it receives notice or obtains actual knowledge that all or part of any payment with respect to any Senior Secured Obligations previously made
shall be rescinded for any reason whatsoever, such Junior Secured Obligations Secured Party shall promptly pay over to the Applicable Collateral Agent any payment received by it and then in its possession or under its control in respect of any
Senior Secured Obligations Collateral and shall promptly turn over any Senior Secured Obligations Collateral then held by it over to the Applicable Collateral Agent, and the provisions set forth in this Agreement shall be reinstated as if such
payment had not been made, until the payment and satisfaction in full of the Senior Secured Obligations. 
 SECTION 2.05.
Automatic Release of Junior Liens. 
 (a) Each Senior Secured Lien Obligations Representative and each other
Senior Secured Lien Obligations Secured Party agrees that in the event of a sale, transfer or other disposition of any ABL Priority Collateral in connection with the foreclosure upon or other exercise of rights and remedies with respect to such ABL
Priority Collateral or otherwise that results in the release by the ABL Facility Collateral Agent of the Lien held by the ABL Facility Collateral Agent on such ABL Priority Collateral (regardless of whether or not an Event of Default has occurred
and is continuing under the Senior Secured Lien Obligations Documents at the time of such sale, transfer or other disposition, including any such sale, transfer or other disposition of any ABL Priority Collateral by any Grantor to the extent
permitted by the ABL Facility Documents or otherwise with the consent of, or at the direction of, the ABL Facility Collateral Agent), the Lien held by each other Collateral Agent on such ABL Priority Collateral shall be automatically released;
provided, however, that, notwithstanding the foregoing, all holders of the Senior Secured Lien Obligations shall be entitled to any proceeds of a sale, transfer or other disposition under this clause (a) that remain after
Discharge of the ABL Obligations, and the Liens on such remaining proceeds securing the Senior Secured Lien Obligations shall not be automatically released pursuant to this Section 2.05(a). 

(b) The ABL Facility Collateral Agent and each other ABL Facility Secured Party agrees that in the event of a sale, transfer or other
disposition of any Notes Priority Collateral in connection with the foreclosure upon or other exercise of rights and remedies with 

  
 19 

 
respect to such Notes Priority Collateral or otherwise that results in the release by the Applicable Senior Secured Lien Collateral Agent of the Lien held by the Applicable Senior Secured Lien
Collateral Agent on such Notes Priority Collateral (regardless of whether or not an Event of Default has occurred and is continuing under the ABL Facility Documents at the time of such sale, transfer or other disposition, including any such sale,
transfer or other disposition of any Notes Priority Collateral by any Grantor to the extent permitted by the Senior Secured Lien Obligations Documents or otherwise with the consent of, or at the direction of, the Applicable Senior Secured Lien
Collateral Agent), the Lien held by each other Collateral Agent on such Notes Priority Collateral shall be automatically released; provided, however, that, notwithstanding the foregoing, all holders of the ABL Obligations shall be
entitled to any proceeds of a sale, transfer or other disposition under this clause (a) that remain after Discharge of the entire Class of Senior Secured Lien Obligations, and the Liens on such remaining proceeds securing the ABL Obligations
shall not be automatically released pursuant to this Section 2.05(b). 
 (c) Each Junior Representative and each Junior
Collateral Agent agrees to execute and deliver (at the sole cost and expense of the Grantors) all such authorizations and other instruments as shall reasonably be requested by the Senior Representative or the Applicable Collateral Agent to evidence
and confirm any release of Junior Collateral provided for in this Section. 
 SECTION 2.06. Certain Agreements With
Respect to Bankruptcy or Insolvency Proceedings. (a) This Agreement shall continue in full force and effect notwithstanding the commencement of any proceeding under the Bankruptcy Code or any other Federal, state or foreign bankruptcy,
insolvency, receivership or similar law by or against Holdings or any of its subsidiaries. 
 (b) If the Company or any of its
subsidiaries shall become subject to a case (a “Bankruptcy Case”) under the Bankruptcy Code: 
 (i) if the ABL Facility Collateral Agent desires to permit the use of cash collateral or to permit the Company or any of its subsidiaries to obtain financing under Section 363 or Section 364 of
the Bankruptcy Code or under any other similar law (“DIP Financing”) secured by a Lien on the ABL Priority Collateral, then the Applicable Senior Secured Lien Collateral Agent and the Senior Secured Lien Obligations Secured
Parties hereby agree: (A) not to object to such use of cash collateral or DIP Financing or to request adequate protection (except as otherwise expressly permitted by the terms of this Agreement) or any other relief in connection therewith so
long as the Senior Secured Lien Obligations Secured Parties retain the benefit of their Liens on the Notes Priority Collateral, including proceeds thereof arising after the commencement of such Bankruptcy Case (to the extent provided for under
applicable law), with the same priority vis-à-vis the ABL Facility Secured Parties (other than with respect to any DIP Financing Liens) as existed prior to the commencement of such Bankruptcy Case and (B) to the extent the Liens on ABL
Priority Collateral securing the ABL Obligations are subordinated or pari passu with such DIP Financing, to subordinate its Liens in the ABL Priority Collateral to such DIP Financing (and all obligations relating thereto including any
“carve-out” granting administrative priority status or Lien priority to secure the 

  
 20 

 
payment of fees and expenses of professionals retained by any debtor or creditors’ committee agreed to by the ABL Facility Collateral Agent) on the same basis as such Liens are subordinated
to the Liens in such ABL Priority Collateral securing the ABL Obligations or to confirm the priorities with respect to such ABL Priority Collateral as set forth herein, as applicable; and 

(ii) if the Applicable Senior Secured Lien Collateral Agent desires to permit the Company or any of its subsidiaries to
obtain any DIP Financing secured by a Lien on Notes Priority Collateral, then the ABL Facility Collateral Agent and the ABL Facility Secured Parties hereby agree: (A) not to object to such DIP Financing or to request adequate protection (except
as otherwise expressly permitted by the terms of this Agreement) or any other relief in connection therewith so long as the ABL Facility Secured Parties retain the benefit of their Liens on the ABL Priority Collateral, including proceeds thereof
arising after the commencement of such Bankruptcy Case (to the extent provided for under applicable law), with the same priority vis-à-vis the Senior Secured Lien Obligations Secured Parties (other than with respect to any DIP Financing
Liens) as existed prior to the commencement of such Bankruptcy Case and (B) to the extent the Liens on Notes Priority Collateral securing the Senior Secured Lien Obligations are subordinated or pari passu with such DIP Financing, to subordinate
its Liens in the Notes Priority Collateral to such DIP Financing (and all obligations relating thereto including any “carve-out” granting administrative priority status or Lien priority to secure the payment of fees and expenses of
professionals retained by any debtor or creditors’ committee agreed to by the Applicable Senior Secured Lien Collateral Agent) on the same basis as such Liens are subordinated to the Liens in such Notes Priority Collateral securing the Senior
Secured Lien Obligations or to confirm the priorities with respect to such Notes Priority Collateral as set forth herein, as applicable. 
 (c) The Applicable Junior Collateral Agent and each Junior Secured Obligations Secured Party agrees that it will not object to and will not otherwise contest: (i) any motion for relief from the
automatic stay or from any injunction against foreclosure or enforcement in respect of the Senior Secured Obligations made by the Applicable Senior Collateral Agent or any Senior Secured Obligations Secured Party; (ii) any lawful exercise by
any holder of Senior Claims of the right to credit bid Senior Claims in any sale in foreclosure of Collateral that is Senior Secured Obligations Collateral with respect to such Senior Claims; (iii) any other request for judicial relief made in
any court by any Senior Secured Obligations Secured Party relating to the lawful enforcement of any Lien on the Senior Secured Obligations Collateral; or (iv) any sale or other disposition of any Senior Secured Obligations Collateral (or any
portion thereof) under Section 363 of the Bankruptcy Code or any other provision of the Bankruptcy Code if the Senior Secured Obligations Secured Parties of any Series shall have consented to such sale or disposition of such Senior Secured
Obligations Collateral; or (v) any order relating to a sale of assets of the Company or any of its subsidiaries for which the Applicable Senior Collateral Agent has consented which provides that, to the extent the sale is to be free and clear
of Liens, the Liens securing the Senior Secured Obligations and Junior Secured Obligations will attach to the proceeds of the sale on the same basis of priority as the Liens securing such Obligations on the assets being sold, in accordance with this
Agreement. 

  
 21 

 (d) The Applicable Junior Collateral Agent and each Junior Secured Obligations Secured Party
agrees that it will not seek relief from the automatic stay or any other stay in any insolvency or liquidation proceeding with respect to Senior Secured Obligations Collateral without the prior consent of the Applicable Senior Collateral Agent.

 (e) The Applicable Junior Collateral Agent and each Junior Secured Obligations Secured Party hereby agrees that it will not
object to and will not otherwise contest (or support any other Person contesting): (i) any request by the Applicable Senior Collateral Agent or any Senior Secured Obligations Secured Party for adequate protection or (ii) any objection by
the Applicable Senior Collateral Agent or any Senior Secured Obligations Secured Party to any motion, relief, action or proceeding based on the Applicable Senior Collateral Agent or any Senior Secured Obligations Secured Party claiming a lack of
adequate protection. Notwithstanding the foregoing, in any insolvency or liquidation proceeding, (x) if the Senior Secured Obligations Secured Parties (or any subset thereof) are granted adequate protection in the form of additional collateral
in connection with any DIP Financing or use of cash collateral under Section 363 or Section 364 of the Bankruptcy Code or any similar law, then the Applicable Junior Collateral Agent may seek or request adequate protection in the form of a
replacement Lien on such additional collateral, so long as, with respect to the Senior Secured Obligations Collateral, such Lien is subordinated to the Liens securing the Senior Secured Obligations and such DIP Financing (and all obligations
relating thereto), on the same basis as the other Liens securing Junior Secured Obligations on the Senior Secured Obligations Collateral are subordinated to the Liens on Senior Secured Obligations Collateral securing the Senior Secured Obligations
under this Agreement and (y) in the event the Applicable Junior Collateral Agent seeks or requests adequate protection and such adequate protection is granted in the form of additional collateral, then the Applicable Junior Collateral Agent and
the Junior Secured Obligations Secured Parties hereby agree that the Senior Secured Obligations Secured Parties shall also be granted a Lien on such additional collateral as security for the Senior Secured Obligations and any such DIP Financing and
that any Lien on such additional collateral that constitutes Senior Secured Obligations Collateral securing the Junior Secured Obligations shall be subordinated to the Liens on such collateral securing the Senior Secured Obligations and any such DIP
Financing (and all obligations relating thereto) and any other Liens on Senior Secured Obligations Collateral granted to the holders of Senior Secured Obligations as adequate protection on the same basis as the Liens securing Junior Secured
Obligations are so subordinated to the Liens securing the Senior Secured Obligations under this Agreement. 
 (f) The Applicable
Junior Collateral Agent and each Junior Secured Obligations Secured Party hereby agrees that (i) it will not oppose or seek to challenge any claim by the Applicable Senior Collateral Agent or any Senior Secured Obligations Secured Party for
allowance of Senior Secured Obligations consisting of post-petition interest, fees or expenses to the extent of the value of the Applicable Senior Collateral Agent’s Lien on the Senior Secured Obligations Collateral, without regard to the
existence of the Lien of the Junior Secured Obligations Secured Parties on the Senior Secured Obligations Collateral; and (ii) until the Discharge of Senior Secured Obligations has occurred, the Applicable Junior Collateral Agent, on behalf of
itself and the Junior Secured Obligations Secured Parties, will not assert or enforce any claim under Section 506(c) of the Bankruptcy Code senior to or on a parity with the Liens on Senior Secured Obligations Collateral securing the Senior
Secured Obligations for costs or expenses of preserving or disposing of any Collateral. 

  
 22 

 (g) The Senior Secured Notes Collateral Agent, on behalf of the Senior Secured Note Secured
Parties, each Other Senior Secured Lien Obligations Collateral Agent, on behalf of the Other Senior Secured Lien Obligations Secured Parties of the applicable Series, and the ABL Facility Collateral Agent, on behalf of the ABL Facility Secured
Parties, acknowledge and intend that: the grants of Liens pursuant to the Senior Secured Note Security Documents and the Other Senior Secured Lien Obligations Security Documents, on the one hand, and the ABL Facility Security Documents, on the other
hand, constitute separate and distinct grants of Liens, and because of, among other things, their differing rights in the Collateral, the Senior Secured Lien Obligations are fundamentally different from the ABL Obligations and must be separately
classified in any Plan of Reorganization proposed or confirmed (or approved) in an Insolvency or Liquidation Proceeding. To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the claims
of the ABL Facility Secured Parties and the Senior Secured Lien Obligations Secured Parties in respect of any Collateral constitute claims in the same class (rather than separate classes of senior and junior secured claims), then the ABL Facility
Secured Parties and the Senior Secured Lien Obligations Secured Parties hereby acknowledge and agree that all distributions shall be made as if there were separate classes of ABL Obligations and Senior Secured Lien Obligations against the Grantors
(with the effect being that, to the extent that the aggregate value of the ABL Priority Collateral or Notes Priority Collateral is sufficient (for this purpose ignoring all claims held by the other Secured Parties for whom such Collateral is Junior
Secured Obligations Collateral), the ABL Facility Secured Parties or the Senior Secured Lien Obligations Secured Parties, respectively, shall be entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition
interest and other claims, all amounts owing in respect of post-petition interest, fees or expenses that are available from the Senior Secured Obligations Collateral for each of the ABL Facility Secured Parties and the Senior Secured Lien
Obligations Secured Parties, respectively, before any distribution is made in respect of the Junior Claims with respect to such Collateral, with the holder of such Junior Claims hereby acknowledging and agreeing to turn over to the respective other
Secured Parties amounts otherwise received or receivable by them to the extent necessary to effectuate the intent of this sentence, even if such turnover has the effect of reducing the aggregate recoveries). 

(h) Each of the parties hereto irrevocably agrees and acknowledges that (a) the claims and interests of the ABL Facility Secured
Parties and the Senior Secured Lien Obligations Secured Parties are not “substantially similar” within the meaning of Section 1122 of the Bankruptcy Code, or any comparable provision of any other bankruptcy law, (b) the grants of
the Liens to secure the ABL Obligations and the grants of the Liens to secure the Senior Secured Lien Obligations constitute two separate and distinct grants of Liens, (c) the ABL Facility Secured Parties’ rights in the Collateral are
fundamentally different from the Senior Secured Lien Obligations Secured Parties’ rights in the Collateral and (d) as a result of the foregoing, among other things, the ABL Obligations and the Senior Secured Lien Obligations must be
separately classified in any plan of reorganization proposed or adopted in any Insolvency or Liquidation Proceeding. 
 SECTION
2.07. Reinstatement. In the event that any of the Senior Secured Obligations shall be paid in full and such payment or any part thereof shall subsequently, for whatever reason (including an order or judgment for disgorgement of a
preference under the Bankruptcy Code, or any similar law, or the settlement of any claim in respect thereof), be 

  
 23 

 
required to be returned or repaid, the terms and conditions of this Article II shall be fully applicable thereto until all such Senior Secured Obligations shall again have been paid in full in
cash. 
 SECTION 2.08. Entry Upon Premises by the ABL Facility Collateral Agent. 

(a) In the event that any Applicable Senior Secured Lien Collateral Agent, Senior Secured Note Secured Party or Other Senior Secured Lien
Obligations Secured Parties shall acquire control or possession of any of the Notes Priority Collateral or shall, through the exercise of remedies under the Senior Secured Notes Documents or the Other Senior Secured Lien Obligations Documents, sell
any of the Notes Priority Collateral to any third party (a “Third Party Purchaser”) or if the ABL Facility Collateral Agent takes any enforcement action with respect to the ABL Priority Collateral, the Senior Secured Note
Secured Parties and the Other Senior Secured Lien Obligations Secured Parties (or the Third Party Purchaser (which, as a condition of such sale to the Third Party Purchaser, shall be required to agree to be bound by the provisions of this Section))
(i) shall cooperate with the ABL Facility Collateral Agent (at the sole cost and expense of the ABL Facility Collateral Agent and subject to the condition that the Senior Secured Note Secured Parties and the Other Senior Secured Lien
Obligations Secured Parties shall have no obligation or duty to take any action or refrain from taking any action that could reasonably be expected to result in the incurrence of any liability or damage to the Senior Secured Note Secured Parties or
the Other Senior Secured Lien Obligations Secured Parties) in its efforts to enforce its security interest in the ABL Priority Collateral and to finish any work-in-process and assemble the ABL Priority Collateral, (ii) shall not take or direct
any Collateral Agent to take any action designed or intended to hinder or restrict in any respect the ABL Facility Collateral Agent from enforcing its security interest in the ABL Priority Collateral or from finishing any work-in-process or
assembling the ABL Priority Collateral, and (iii) shall permit and direct the Applicable Senior Secured Lien Collateral Agent and each other Senior Priority Collateral Agent to permit the ABL Facility Collateral Agent, and their respective
employees, agents, advisers and representatives, at the sole cost and expense of the ABL Facility Secured Parties and upon reasonable advance notice, to enter upon and use the Notes Priority Collateral (including (x) equipment, processors,
computers and other machinery related to the storage or processing of records, documents or files and (y) intellectual property), for a period not to exceed 180 days after the taking of such possession or control or enforcement action, or the
effectuating of any such sale, for purposes of (A) assembling and storing the ABL Priority Collateral and completing the processing of and turning into finished goods of any ABL Priority Collateral consisting of work-in-process,
(B) selling any or all of the ABL Priority Collateral located on such Notes Priority Collateral, whether in bulk, in lots or to customers in the ordinary course of business or otherwise, (C) removing any or all of the ABL Priority
Collateral located on such Notes Priority Collateral, or (D) taking reasonable actions to protect, secure, and otherwise enforce the rights of the ABL Facility Secured Parties and the ABL Facility Collateral Agent in and to the ABL Priority
Collateral; provided, however, that nothing contained in this Agreement shall restrict the rights of a Senior Priority Collateral Agent (acting on the instructions of the applicable Senior Secured Lien Obligations Secured Parties) from
selling, assigning or otherwise transferring any Notes Priority Collateral prior to the expiration of such 180-day period if the purchaser, assignee or transferee thereof agrees to be bound by the provisions of this Section. If any stay or other
order prohibiting the exercise of remedies with respect to the ABL Priority Collateral has been entered by a court of competent jurisdiction, such 

  
 24 

 
180-day period shall be tolled during the pendency of any such stay or other order. If the ABL Facility Collateral Agent conducts a public auction or private sale of the ABL Priority Collateral
at any of the real property included within the Notes Priority Collateral, the ABL Facility Collateral Agent shall use reasonable efforts to hold such auction or sale in a manner which would not unduly disrupt any Senior Priority Collateral
Agent’s use of such real property for the benefit of the Senior Secured Lien Obligations Secured Parties. 
 (b) During the
period of actual occupation, use or control by the ABL Facility Secured Parties or their agents or representatives (including the ABL Facility Collateral Agent to the extent acting on behalf of such parties) of any Notes Priority Collateral, the ABL
Facility Secured Parties shall be obligated to repair at their expense any physical damage to such Notes Priority Collateral or other assets or property resulting from such occupancy, use or control, and to leave such Notes Priority Collateral or
other assets or property in substantially the same condition as it was at the commencement of such occupancy, use or control, ordinary wear and tear excepted. Notwithstanding the foregoing, in no event shall the ABL Facility Secured Parties have any
liability to the Senior Secured Lien Obligations Secured Parties pursuant to this Section as a result of any condition (including any environmental condition, claim or liability) on or with respect to the Notes Priority Collateral existing prior to
the date of the exercise by the ABL Facility Secured Parties of their rights under this Section and the ABL Facility Secured Parties shall have no duty or liability to maintain the Notes Priority Collateral in a condition or manner better than that
in which it was maintained prior to the use thereof by the ABL Facility Secured Parties, or for any diminution in the value of the Notes Priority Collateral that results solely from ordinary wear and tear resulting from the use of the Notes Priority
Collateral by the ABL Facility Secured Parties in the manner and for the time periods specified under this Section 2.08. Without limiting the rights granted in this paragraph, the ABL Facility Secured Parties shall cooperate with the Applicable
Senior Secured Lien Collateral Agent (at the sole cost and expense of the Applicable Senior Secured Lien Collateral Agent and subject to the condition that the ABL Facility Secured Parties shall have no obligation or duty to take any action or
refrain from taking any action that could reasonably be expected to result in the incurrence of any liability or damage to the ABL Facility Secured Parties) in connection with any efforts made by it to cause the Notes Priority Collateral to be sold.

 (c) In addition to and not in limitation of Section 2.08(a) or Section 2.08(b), in connection with any enforcement
action by the ABL Facility Collateral Agent, the Senior Secured Notes Collateral Agent and each Other Senior Secured Lien Obligations Collateral Agent hereby grants to the ABL Facility Collateral Agent a non-exclusive, royalty free license with
respect to any Notes Priority Collateral consisting of trademarks, copyrights, patents, know-how or other intellectual property and pertaining to the ABL Priority Collateral solely for purposes of disposing, collecting, or otherwise realizing on any
of the ABL Priority Collateral pursuant to the rights of the ABL Facility Collateral Agent and the other ABL Facility Secured Parties as set forth in the ABL Facility Documents, the Uniform Commercial Code of any applicable jurisdiction and other
applicable law. Notwithstanding anything to the contrary contained herein, any purchaser or assignee of ABL Priority Collateral pursuant to the exercise by the ABL Facility Collateral Agent of any of its rights or remedies with respect thereto shall
have the right to sell or otherwise dispose of any such ABL Priority Collateral to which any such Intellectual Property is affixed. 

  
 25 

 SECTION 2.09. Insurance. Unless and until the ABL Obligations have been
Discharged, as between the ABL Facility Collateral Agent, on the one hand, and the Trustee (or the Senior Secured Notes Collateral Agent acting on its behalf), and any Other Senior Secured Lien Obligations Agent (or any Other Senior Secured Lien
Obligations Collateral Agent acting on behalf of such Other Senior Secured Lien Obligations Agent), on the other hand, only the ABL Facility Collateral Agent will have the right (subject to the rights of the Grantors under the ABL Facility
Documents, the Senior Secured Note Documents and the Other Senior Secured Lien Obligations Documents) to adjust or settle any insurance policy or claim covering or constituting ABL Priority Collateral in the event of any loss thereunder and to
approve any award granted in any condemnation or similar proceeding affecting the ABL Priority Collateral. Unless and until the Senior Secured Note Obligations and each Series of Other Senior Secured Lien Obligations have been Discharged, as between
the ABL Facility Collateral Agent, on the one hand, and the Trustee (or the Senior Secured Notes Collateral Agent acting on its behalf), and any Other Senior Secured Lien Obligations Agent (or the applicable Other Senior Secured Lien Obligations
Collateral Agent acting on behalf of such Other Senior Secured Lien Obligations Agent), only the Applicable Senior Secured Lien Collateral Agent will have the right (subject to the rights of the Grantors under the ABL Facility Documents, the Senior
Secured Note Documents and the Other Senior Secured Lien Obligations Documents) to adjust or settle any insurance policy covering or constituting Notes Priority Collateral in the event of any loss thereunder and to approve any award granted in any
condemnation or similar proceeding solely affecting the Notes Priority Collateral. To the extent that an insured loss covers or constitutes ABL Priority Collateral and Notes Priority Collateral, then the ABL Facility Collateral Agent and the
Applicable Senior Secured Lien Collateral Agent will work jointly and in good faith to collect, adjust or settle (subject to the rights of the Grantors under the ABL Facility Documents, the Senior Secured Note Documents and the applicable Other
Senior Secured Lien Obligations Documents) under the relevant insurance policy. 
 SECTION 2.10. Refinancings. The
ABL Obligations, the Senior Secured Note Obligations and any Series of Other Senior Secured Lien Obligations and the agreements or indentures governing them may be Refinanced, in each case, without notice to, or the consent (except to the extent
notice or consent is otherwise required to permit the refinancing transaction under any ABL Facility Document, any Senior Secured Note Document or any applicable Other Senior Secured Lien Obligations Document) of any ABL Facility Secured Party, any
Senior Secured Note Secured Party or any Other Senior Secured Lien Obligations Secured Party, all without affecting the priorities provided for herein or the other provisions hereof; provided, however, that the holders of any such
Refinancing indebtedness (or an authorized agent or trustee on their behalf) bind themselves in writing (to the extent they are not already so bound) to the terms of this Agreement pursuant to such Refinancing documents or agreements (including
amendments or supplements to this Agreement) as each Applicable Collateral Agent shall reasonably request (but solely to the extent requested within a reasonable time period following receipt by such Applicable Collateral Agent of notice from the
Company with respect to such Refinancing) and in form and substance reasonably acceptable to such Applicable Collateral Agent (to the extent it shall have made such aforementioned request). In connection with any Refinancing contemplated by this
Section 2.10, this Agreement may be amended at the request and sole expense of the Company, and without the consent of any Representative, (a) to add parties (or any authorized agent or trustee therefor) providing any such Refinancing,
(b) to confirm that such Refinancing indebtedness in respect of any Senior Secured Lien Obligations 

  
 26 

 
shall have the same rights and priorities in respect of any Notes Priority Collateral as the indebtedness being Refinanced and (c) to establish that such Refinancing indebtedness in respect
of any ABL Obligations shall have the same rights and priorities in respect of any ABL Priority Collateral as the indebtedness being Refinanced, all on the terms provided for herein immediately prior to such Refinancing. 

SECTION 2.11. Amendments to Security Documents. 
 (a) Without the prior written consent of the ABL Facility Collateral Agent, each Senior Secured Lien Obligations Representative and each other Senior Secured Lien Obligations Secured Party agrees that no
Senior Secured Note Security Document or Other Senior Secured Lien Obligations Security Document to which such Senior Secured Lien Obligations Representative or Senior Secured Lien Obligations Secured Party is party may be amended, supplemented or
otherwise modified or entered into to the extent such amendment, supplement or modification, or the terms of any new Senior Secured Note Security Document or Other Senior Secured Lien Obligations Security Document would, as determined by the Company
in writing, be prohibited by, or would require any Grantor to act or refrain from acting in a manner that would contravene, any of the terms of this Agreement or would otherwise be materially disadvantageous to the ABL Facility Secured Parties in
their capacities as Senior Secured Obligations Secured Parties in respect of the ABL Priority Collateral. 
 (b) Without the
prior written consent of the Applicable Senior Secured Lien Collateral Agent, the ABL Facility Collateral Agent and each other ABL Facility Secured Party agrees that no ABL Facility Security Document to which the ABL Facility Collateral Agent or ABL
Facility Secured Parties are a party may be amended, supplemented or otherwise modified or entered into to the extent such amendment, supplement or modification, or the terms of any new ABL Facility Security Document would, as determined by the
Company in writing, be prohibited by, or would require any Grantor to act or refrain from acting in a manner that would contravene, any of the terms of this Agreement or would otherwise be materially disadvantageous to the Senior Secured Lien
Obligations Secured Parties in their capacities as Senior Secured Obligations Secured Parties in respect of the Notes Priority Collateral. 
 SECTION 2.12. Possessory Collateral Agent as Gratuitous Bailee for Perfection. 
 (a) Each Possessory Collateral Agent agrees to hold the Possessory Collateral that is in its possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee for the
benefit of each Secured Party and any assignee solely for the purpose of perfecting the security interest granted in such Possessory Collateral pursuant to the ABL Facility Security Documents, the Senior Secured Note Security Documents or the Other
Senior Secured Lien Obligations Security Documents, subject to the terms and conditions of this Section 2.12. To the extent any Possessory Collateral is possessed by or is under the control of a Collateral Agent (either directly or through its
agents or bailees) other than the Applicable Possessory Collateral Agent, such Collateral Agent shall deliver such Possessory Collateral to (or shall cause such Possessory Collateral to be delivered to) the Applicable Possessory Collateral Agent and
shall take all actions reasonably requested in writing by the Applicable Possessory Collateral Agent to cause the Applicable Possessory Collateral Agent to have 

  
 27 

 
possession or control of same. Pending such delivery to the Applicable Possessory Collateral Agent, each other Collateral Agent agrees to hold any Possessory Collateral as gratuitous bailee for
the benefit of each other Secured Party and any assignee, solely for the purpose of perfecting the security interest granted in such Possessory Collateral, if any, pursuant to the applicable ABL Facility Security Documents, Senior Secured Note
Security Documents or Other Senior Secured Lien Obligations Security Documents, in each case, subject to the terms and conditions of this Section 2.12. 
 (b) The duties or responsibilities of the Possessory Collateral Agent and each other Collateral Agent under this Section 2.12 shall be limited solely to holding the Possessory Collateral as
gratuitous bailee for the benefit of each Secured Party for purposes of perfecting the security interest held by the Secured Parties therein. 
 (c) Upon the Discharge of all Senior Secured Lien Obligations, each Senior Priority Collateral Agent shall deliver to the ABL Facility Collateral Agent, to the extent that it is legally permitted to do
so, the remaining Possessory Collateral (if any) held by it, together with any necessary endorsements (or otherwise allow the ABL Facility Collateral Agent to obtain control of such Possessory Collateral) or as a court of competent jurisdiction may
otherwise direct. The Company shall take such further action as is required to effectuate the transfer contemplated hereby and shall indemnify the Possessory Collateral Agent for loss or damage suffered by the Possessory Collateral Agent as a result
of such transfer except for loss or damage suffered by the Possessory Collateral Agent as a result of its own willful misconduct or gross negligence. No Senior Priority Collateral Agent shall be obligated to follow instructions from the ABL Facility
Collateral Agent in contravention of this Agreement. 
 ARTICLE III 

Existence and Amounts of Liens and Obligations 
 Whenever a Representative shall be required, in connection with the exercise of its rights or the performance of its obligations hereunder, to determine the existence or amount of any Senior Secured
Obligations (or the existence of any commitment to extend credit that would constitute Senior Secured Obligations) or Junior Secured Obligations, or the Collateral subject to any such Lien, it may request that such information be furnished to it in
writing by the other Representatives and shall be entitled to make such determination on the basis of the information so furnished; provided, however, that if a Representative shall fail or refuse reasonably promptly to provide the
requested information, the requesting Representative shall be entitled to make any such determination by such method as it may, in the exercise of its good faith judgment, determine, including by reliance upon a certificate of the Company. Each
Representative may rely conclusively, and shall be fully protected in so relying, on any determination made by it in accordance with the provisions of the preceding sentence (or as otherwise directed by a court of competent jurisdiction) and shall
have no liability to Holdings or any of its subsidiaries, any Secured Party or any other Person as a result of such determination. 

  
 28 

 ARTICLE IV 
 Consent of Grantors 
 Each Grantor hereby consents to the provisions of
this Agreement and the intercreditor arrangements provided for herein and agrees that the obligations of the Grantors under the ABL Facility Security Documents, the Senior Secured Note Security Documents and the Other Senior Secured Lien Obligations
Security Documents will in no way be diminished or otherwise affected by such provisions or arrangements (except as expressly provided herein). 
 ARTICLE V 
 Representations and Warranties 

SECTION 5.01. Representations and Warranties of Each Party. Each party hereto represents and warrants to the other parties
hereto as follows: 
 (a) Such party is duly organized, validly existing and in good standing under the laws of the
jurisdiction of its organization and has all requisite power and authority to enter into and perform its obligations under this Agreement. 
 (b) This Agreement has been duly executed and delivered by such party. 

(c) The execution, delivery and performance by such party of this Agreement (i) do not require any consent or approval of,
registration or filing with or any other action by any governmental authority of which the failure to obtain could reasonably be expected to have a Material Adverse Effect (as defined in the ABL Facility), (ii) will not violate any applicable
law or regulation or any order of any governmental authority or any credit agreement, agreement or other instrument binding upon such party which could reasonably be expected to have such a Material Adverse Effect and (iii) will not violate the
charter, by-laws or other organizational documents of such party. 
 SECTION 5.02. Representations and Warranties of Each
Representative. Each Collateral Agent, the ABL Facility Collateral Agent, the Trustee and each Other Senior Secured Lien Obligations Agent represents and warrants to the other parties hereto that it is authorized under the ABL Facility, the
Indenture or the applicable Other Senior Secured Lien Obligations Credit Documents, as applicable, to enter into this Agreement. 

ARTICLE VI 

Miscellaneous 
 SECTION 6.01. Notices. All notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or
registered mail or sent by telecopy, as follows: 
 (a) if to the ABL Facility Collateral Agent, to it at 100 Park Avenue, New
York, NY 10017, Attn: Portfolio Manager (Telephone No. 212-840-2000, Telecopy No. 212-545-4555, Email: marc.breier@wellsfargo.com); 

  
 29 

 (b) if to the Trustee or the Senior Secured Notes Collateral Agent, to it at 625
Marquette Ave. 11th Floor, MAC N9311-110, Minneapolis, MN 55479, Attn: Corporate Trust Operations (Telephone No. 612-316-2335, Telecopy No. 612-667-9825, Email: Richard.H.Prokosch@Wellsfargo.com); 

(c) if to any Other Senior Secured Lien Obligations Collateral Agent or Other Senior Secured Lien Obligations Agent, to it at the
address set forth in the applicable Joinder Agreement; 
 (d) if to Holdings or the Company, to it at 475 N. Martingale
Road, Suite 1050, Schaumburg, IL 60173, Attn: General Counsel (Telephone No. 847-240-4700, Telecopy No. 847-240-4733, Email: scott.hamilton@gbcmetals.com); and 
 (e) if to any other Grantor, to it in care of the Company as provided in clause (d) above. 
 Any party hereto may change its address or telecopy number for notices and other communications hereunder by written notice to the other parties hereto (and for this purpose a notice to the Company shall
be deemed to be a notice to each Grantor). All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt (if a Business Day) and on the
next Business Day thereafter (in all other cases) if delivered by hand or overnight courier service or sent by telecopy or on the date five Business Days after dispatch by certified or registered mail if mailed, in each case delivered, sent or
mailed (properly addressed) to such party as provided in this Section 6.01 or in accordance with the latest unrevoked direction from such party given in accordance with this Section 6.01. As agreed to in writing among the Company, the ABL

 Facility Collateral Agent, the Trustee and each Other Senior Secured Lien Obligations Agent from time to time, notices and other
communications may also be delivered by e-mail, in PDF format, to the e-mail address of a representative of the applicable Person provided from time to time by such Person. 
 SECTION 6.02. Waivers; Amendment. 
 (a) No failure or delay on the
part of any party hereto in exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or
power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver
of any provision of this Agreement or consent to any departure by any party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only
in the specific instance and for the purpose for which given. No notice or demand on any party hereto in any case shall entitle such party to any other or further notice or demand in similar or other circumstances. 

  
 30 

 (b) Subject to the last sentence of Section 2.01 hereof and to Section 6.14
hereof, neither this Agreement nor any provision hereof may be terminated, waived, amended or modified except pursuant to an agreement or agreements in writing entered into by each Representative, each Collateral Agent, Holdings and the Company.

 SECTION 6.03. Parties in Interest. This Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns, as well as the other ABL Facility Secured Parties, the other Senior Secured Note Secured Parties and the other Other Senior Secured Lien Obligations Secured Parties, all of whom are intended to be
bound by, and to be third party beneficiaries of, this Agreement. 
 SECTION 6.04. Survival of Agreement. All
covenants, agreements, representations and warranties made by any party in this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement. 

SECTION 6.05. Counterparts. This Agreement may be executed in counterparts, each of which shall constitute an original but
all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile transmission or via email, in PDF format, shall be as effective as delivery of a manually signed counterpart
of this Agreement. 
 SECTION 6.06. Severability. In case any provision in this Agreement shall be invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality or
unenforceability. 
 SECTION 6.07. Governing Law; Jurisdiction; Consent to Service of Process. 

(a) This Agreement shall be governed by, and construed in accordance with, the law of the State of New York. 

(b) Each party hereto hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of
the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to
this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York
State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in
any other manner provided by law. Nothing in this Agreement shall affect any right that any party hereto may otherwise have to bring any action or proceeding relating to this Agreement in the courts of any jurisdiction. 

  
 31 

 (c) Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent
it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any court referred to in paragraph (b) of this
Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 6.01.
Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 
 SECTION 6.08. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING
DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 SECTION 6.09. Headings. Article, Section and Annex headings of this Agreement have been inserted for
convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 
 SECTION 6.10. Conflicts. In the event of any conflict or inconsistency between the provisions of this Agreement and the provisions of any of the ABL Facility Documents, the Senior Secured
Note Documents or any Other Senior Secured Lien Obligations Documents, the provisions of this Agreement shall control. 

SECTION 6.11. Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for
the purpose of defining the relative rights of the ABL Facility Secured Parties and the Senior Secured Lien Obligations Secured Parties in relation to one another. None of Holdings, the Company, any other Grantor or any other creditor thereof shall
have any rights or obligations hereunder, except as expressly provided in this Agreement (provided that nothing in this Agreement (other than Section 2.05, 2.06, 2.10, 2.11 or Article VI) is intended to or will amend, waive or otherwise modify
the provisions of the ABL Facility, the Indenture or any Other Senior Secured Lien Obligations Credit Documents), and none of Holdings, the Company, or any other Grantor may rely on the terms hereof (other than Sections 2.05, 2.06, 2.10, 2.11,
Article V and Article VI). Nothing in this Agreement is intended to or shall impair the obligations of Holdings, the Company or any other Grantor, which are absolute and unconditional, to pay the Obligations as and when the same shall become due and
payable in accordance with their terms. Notwithstanding anything to the contrary herein or in any ABL Facility Document, any Senior Secured Note Document or any Other Senior Secured Lien Obligations Document, the Grantors shall not be required to
act or refrain from acting 

  
 32 

 
(a) pursuant to this Agreement or any Senior Secured Note Document or Other Senior Secured Lien Obligations Document with respect to any ABL Priority Collateral in any manner that would cause a
default under any ABL Facility Document, or (b) pursuant to this Agreement or any ABL Facility Document with respect to any Notes Priority Collateral in any manner that would cause a default under any Senior Secured Note Document or Other
Senior Secured Lien Obligations Document. 
 SECTION 6.12. Agent Capacities. Except as expressly set forth herein,
none of the ABL Facility Collateral Agent, the Trustee, the Senior Secured Notes Collateral Agent, the Other Senior Secured Lien Obligations Agents or the Other Senior Secured Lien Obligations Collateral Agents shall have any duties or obligations
in respect of any of the Collateral, all of such duties and obligations, if any, being subject to and governed by the ABL Facility Documents, the Senior Secured Note Documents and the applicable Other Senior Secured Lien Obligations Documents, as
the case may be. 
 SECTION 6.13. Supplements. Upon the execution by any subsidiary of Holdings of a supplement
hereto in form and substance satisfactory to the Collateral Agents, such subsidiary shall be a party to this Agreement and shall be bound by the provisions hereof to the same extent as the Company and each Grantor are so bound. 

SECTION 6.14. Joinder Requirements. The Company may designate additional obligations as Other Senior Secured Lien
Obligations or other ABL Obligations only if (x) the incurrence of such obligations is permitted under each of the ABL Facility, the Indenture, any existing Other Senior Secured Lien Obligations Credit Document and this Agreement, and
(y) the Company shall have delivered an officer’s certificate to each Collateral Agent certifying to the same. If so permitted, the Company shall (i) notify each Representative in writing of such designation and (ii) cause the
(1) applicable Other Senior Secured Lien Obligations Agent and the applicable Other Senior Secured Lien Obligations Collateral Agent or (2) the additional collateral agent for the new ABL Obligations, as applicable, to execute and deliver
to each other Representative, a Joinder Agreement substantially in the form of Exhibit A or Exhibit B, as applicable, hereto. 

SECTION 6.15. Other Junior Intercreditor Agreements. In the event that the Company or any subsidiary incurs any obligations
secured by a lien on any Collateral that is junior to the Senior Secured Lien Obligations and the ABL Obligations, then the parties hereto all agree and acknowledge that the ABL Facility Collateral Agent shall act as the agent for the Trustee, the
Senior Secured Notes Collateral Agent, any Other Senior Secured Lien Obligations Agents and any Other Senior Secured Lien Obligations Collateral Agents, in connection with entering into a joinder to any future intercreditor agreement with the agents
or trustees for the lenders with respect to such secured obligation to reflect the relative lien priorities of such parties with respect to the Collateral and governing the relative rights, benefits and privileges as among such parties in respect of
the Collateral, including as to application of proceeds of the Collateral, voting rights, control of the Collateral and waivers with respect to the Collateral, in each case so long as such secured obligations are permitted under, and the terms of
such intercreditor agreement do not violate or conflict with, the provisions of this Agreement or the other ABL Facility Documents or Senior Secured Lien Obligations Documents, as the case may be. With respect to any Collateral, the ABL Facility
Collateral Agent will take direction from the 

  
 33 

 
Applicable Collateral Agent that is at the time entitled to enforce remedies with respect to such Collateral under this Agreement. If any such intercreditor agreement (or similar arrangement) is
entered into, the provisions thereof shall not be (or be construed to be) an amendment, modification or other change to this Agreement or any other ABL Facility Document or Senior Secured Lien Obligations Documents, and the provisions of this
Agreement and the other ABL Facility Documents and Senior Secured Lien Obligations Documents shall remain in full force and effect in accordance with the terms hereof and thereof (as such provisions may be amended, modified or otherwise supplemented
from time to time in accordance with the terms thereof, including to give effect to any intercreditor agreement (or similar arrangement)). 
 SECTION 6.16. Senior Secured Notes Collateral Agent. The Senior Secured Notes Collateral Agent shall be entitled to all rights, protections and indemnities provided under the Indenture with
respect to its actions hereunder (but solely to the extent provided under the Indenture). 
 [Remainder of this page
intentionally left blank] 

  
 34 

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

					
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as ABL Facility Collateral Agent

		
	By:	 	 

		 	Name:	 	Thomas A. Martin
		 	Title:	 	Vice President
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as Trustee under the Senior Secured Notes and Senior Secured Notes Collateral Agent

		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 [Signature Page to Senior Lien lntercreditor Agreement] 

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

					
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as ABL Facility Collateral Agent

		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as Trustee under the Senior Secured Notes and Senior Secured Notes Collateral Agent

		
	By:	 	 

		 	Name:	 	Richard Prokosch
		 	Title:	 	Vice President

 [Signature Page to Senior Lien Intercreditor Agreement] 

			
	GLOBAL BRASS AND COPPER, INC.
	GLOBAL BRASS AND COPPER HOLDINGS, INC.
	CHASE BRASS AND COPPER COMPANY, LLC
	GBC METALS, LLC
	CHASE BRASS, LLC
	A.J. OSTER, LLC
	BRYAN METALS, LLC
	OLIN FABRICATED METAL PRODUCTS, LLC
	CHASE INDUSTRIES, LLC
	A.J. OSTER FOILS, LLC
	A.J. OSTER CARIBE, LLC
	A.J. OSTER WEST, LLC
		
	 By:
	 	 

		 	Name:  Robert Micchelli
		 	Title:    Chief Financial Officer

 [Signature Page to Senior Lien Intercreditor Agreement] 

 EXHIBIT A 
 Joinder Agreement 
 JOINDER AGREEMENT 

(Other Senior Secured Lien Obligations) 
 JOINDER AGREEMENT (this “Agreement”) dated as of [            ],
[                ], among [                ] (the “New Administrative
Agent”), as an Other Senior Secured Lien Obligations Agent [            ] (the “New Collateral Agent”), as an Other Senior Secured Lien Obligations
Collateral Agent, GLOBAL BRASS AND COPPER, INC. and GLOBAL BRASS AND COPPER HOLDINGS, INC. (on behalf of itself and its subsidiaries). 
 This Agreement is supplemental to that certain Senior Lien Intercreditor Agreement, dated as of June 1, 2012 (as the same may be amended, restated, supplemented or otherwise modified from time to
time, the “Intercreditor Agreement”), by and among (other than the New Administrative Agent and the New Collateral Agent) WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the ABL Facility Secured Parties
referred to herein, WELLS FARGO BANK, NATIONAL ASSOCIATION, as collateral agent for the ABL Facility Secured Parties referred to therein, WELLS FARGO BANK, NATIONAL ASSOCIATION, as trustee for the Senior Secured Noteholders referred to therein,
WELLS FARGO BANK, NATIONAL ASSOCIATION, as collateral agent for the Senior Secured Noteholders referred to therein, GLOBAL BRASS AND COPPER, INC., GLOBAL BRASS AND COPPER HOLDINGS, INC., the subsidiaries of Global Brass and Copper Holdings, Inc.
party thereto and any Other Representative and Other Collateral Agent from time to time a party thereto. This Agreement has been entered into to record the accession of the New Administrative Agent[s] as Other Senior Secured Lien Obligations
Agent[s] under the Intercreditor Agreement and to record the accession of the New Collateral Agent as an Other Senior Secured Lien Obligations Collateral Agent under the Intercreditor Agreement. 

ARTICLE I 

Definitions 
 SECTION 1.01. Capitalized terms used but not defined herein shall have the meanings assigned thereto in the Intercreditor Agreement. 

ARTICLE II 

Accession 

SECTION 2.01. [The][/Each] New Administrative Agent agrees to become, with immediate effect, a party to and agrees to be bound by the
terms of, the Intercreditor Agreement as an Other Senior Secured Lien Obligations Agent as if it had originally been party to the Intercreditor Agreement as an Other Senior Secured Lien Obligations Agent. 

SECTION 2.02. The New Collateral Agent agrees to become, with immediate effect, a party to and agrees to be bound by the terms of, the
Intercreditor Agreement as an Other Senior Secured Lien Obligations Collateral Agent as if it had originally been party to the Intercreditor Agreement as an Other Senior Secured Lien Obligations Collateral Agent. 

 SECTION 2.03. The New Administrative Agent[s] and the New Collateral Agent confirm that
their address details for notices pursuant to the Intercreditor Agreement are as follows: [            ]. 
 SECTION 2.04. [            ] is[/are] acting in the capacities of Other Senior Secured Lien Obligations Agent[s] and
[            ] is acting in its capacity as Other Senior Secured Lien Obligations Collateral Agent solely for the Secured Parties under
[            ]. 
 ARTICLE III 

Miscellaneous 
 SECTION 3.01. This Agreement shall be governed by, and construed in accordance with, the law of the State of New York. 
 SECTION 3.02. This Agreement may be executed in counterparts, each of which shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed
signature page to this Agreement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the day and year first above written. 

[INSERT SIGNATURE BLOCKS] 

 Exhibit B 
 JOINDER AGREEMENT 
 (ABL Obligations) 

JOINDER AGREEMENT (this “Agreement”) dated as of
[            ], [            ], among [            ], as an ABL
Facility Collateral Agent (the “New Collateral Agent”), GLOBAL BRASS AND COPPER, INC. and GLOBAL BRASS AND COPPER HOLDINGS, INC. (on behalf of itself and its subsidiaries). 

This Agreement is supplemental to that certain Senior Lien Intercreditor Agreement, dated as of June 1, 2012 (as the same may be
amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), by and among (other than the New Collateral Agent) WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for
the ABL Facility Secured Parties referred to therein, WELLS FARGO BANK, NATIONAL ASSOCIATION, as collateral agent for the ABL Facility Secured Parties referred to therein, WELLS FARGO BANK, NATIONAL ASSOCIATION, as trustee for the Senior Secured
Noteholders referred to herein, WELLS FARGO BANK, NATIONAL ASSOCIATION, as collateral agent for the Senior Secured Noteholders referred to therein, GLOBAL BRASS AND COPPER, INC., GLOBAL BRASS AND COPPER HOLDINGS, INC., the subsidiaries of Global
Brass and Copper Holdings, Inc. party thereto and any Other Representative and Other Collateral Agent from time to time a party thereto. This Agreement has been entered into to record the accession of the New Collateral Agent[s] as ABL Facility
Collateral Agent[s] under the Intercreditor Agreement and to record the accession of the New Collateral Agent as an ABL Facility Collateral Agent under the Intercreditor Agreement. 

ARTICLE I 

Definitions 
 SECTION 1.01. Capitalized terms used but not defined herein shall have the meanings assigned thereto in the Intercreditor Agreement. 

ARTICLE II 

Accession 

SECTION 2.01. [The][/Each] New Collateral Agent agrees to become, with immediate effect, a party to and agrees to be bound by the terms
of, the Intercreditor Agreement as an ABL Facility Collateral Agent as if it had originally been party to the Intercreditor Agreement as an ABL Facility Collateral Agent. 
 SECTION 2.02. The New Collateral Agent confirm that its address details for notices pursuant to the Intercreditor Agreement are as follows:
[            ]. 
 SECTION 2.03.
[            ] is[/are] acting in its capacity as ABL Facility Collateral Agent solely for the Secured Parties under
[            ]. 

 ARTICLE III 
 Miscellaneous 
 SECTION 3.01. This Agreement shall be governed by, and
construed in accordance with, the law of the State of New York. 
 SECTION 3.02. This Agreement may be executed in counterparts,
each of which shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile transmission shall be as effective as delivery of a manually
signed counterpart of this Agreement. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed
by their respective authorized officers as of the day and year first above written. 
 [INSERT SIGNATURE BLOCKS] 

 Annex A 
 to 
 Senior Lien Intercreditor Agreement 

ABL Priority Collateral 
 “ABL Priority Collateral” means (i) accounts, inventory, chattel paper, deposit accounts, investment accounts and investment property (other than equity interests in Holdings’
Subsidiaries, including the Company and the other Grantors) of the Grantors, (ii) solely to the extent related to any of the foregoing, documents, instruments, letter-of-credit rights, and supporting obligations, and (iii) solely to the
extent related to any of the assets described in clauses (i) and (ii) above, general intangibles (other than intellectual property) and books and records, and (iv) solely the proceeds and products of any of the foregoing, it being
agreed that all Business Interruption Insurance Proceeds not consisting of payment for lost profits shall constitute ABL Priority Collateral. All terms used in this definition of “ABL Priority Collateral” defined in the New York UCC
have the meanings assigned to them in the New York UCC. 
 The foregoing includes, without limitation, Proceeds of judgments
solely to the extent relating to any of the property referred to above, Proceeds in the form of Business Interruption Insurance Proceeds, insurance proceeds and condemnation awards in each case solely to the extent relating to any of the property
referred to in this Annex, Proceeds in the form of indemnity payments solely to the extent relating to any of the property referred to in this Annex and purchase price adjustments solely to the extent relating to any of the property referred to in
this Annex. 
 General intangibles included in the ABL Priority Collateral include, without limitation, payment intangibles,
contract rights, commercial tort claims, choses in action or causes of actions or claims in each case solely to the extent arising out of or supporting the payment or performance of Accounts or Inventory or relating to any of the property referred
to in this Annex; guaranty or warranty claims in each case solely to the extent relating to Accounts or Inventory or any of the property referred to in this Annex; rights of stoppage in transit, replevin, repossession, reclamation and other rights
and remedies of an unpaid vendor, lienor or secured party in each case solely to the extent relating to Inventory; goods described in invoices, documents, contracts or instruments solely with respect to Accounts, including returned, repossessed and
reclaimed goods, and deposits by and property of account debtors or other Persons securing the obligations of account debtors, in each case solely to the extent supporting, or arising from, Accounts or Inventory of the Company or any other Grantor
and solely to the extent otherwise constituting ABL Priority Collateral; and monies, credit balances, deposits and other property of the Company and each other Grantor in each case solely to the extent constituting proceeds of Accounts, Inventory or
any of the foregoing now or hereafter held or received by or in transit to the ABL Facility Collateral Agent or any of its “agents” in accordance with the ABL Facility or at any other depository or other institution from or for the account
of the Company or any other Grantor, whether for safekeeping, pledge, custody, transmission, collection or otherwise. 
 ABL
Priority Collateral does not consist of any of the following: any interest (fee, leasehold or otherwise) in any real property; intellectual property; equipment; equity interests of Holdings’ Subsidiaries, including the Company and the other
Grantors; and any Proceeds of any of the foregoing.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]