Document:

Exhibit

Exhibit 10.5
EXECUTION VERSION

DEBTOR-IN-POSSESSION GUARANTEE AND COLLATERAL AGREEMENT AMONG
SEARS HOLDINGS CORPORATION,
SEARS, ROEBUCK AND CO.,
SEARS ROEBUCK ACCEPTANCE CORP.,
KMART HOLDING CORPORATION,  
KMART CORPORATION 
AND CERTAIN OF THEIR RESPECTIVE SUBSIDIARIES, 
AS GRANTORS
AND
BANK OF AMERICA, N.A. AND 
WELLS FARGO BANK, NATIONAL ASSOCIATION, 
AS CO-COLLATERAL AGENTS 
DATED AS OF NOVEMBER 29, 2018

TABLE OF CONTENTS
Page
	
						
	Section 1.
	 
	DEFINED TERMS
	3
	

	1.1
	

	 
	Definitions
	3
	

	1.2
	

	 
	Other Definitional Provisions
	7
	

	Section 2.
	 
	GUARANTEE
	8
	

	2.1
	

	 
	Guarantee
	8
	

	2.2
	

	 
	Right of Contribution
	9
	

	2.3
	

	 
	No Subrogation
	9
	

	2.4
	

	 
	Amendments, etc. with respect to the Borrower Obligations
	9
	

	2.5
	

	 
	Guarantee Absolute and Unconditional
	10
	

	2.6
	

	 
	Reinstatement
	11
	

	2.7
	

	 
	Payments
	12
	

	Section 3.
	 
	GRANT OF SECURITY INTEREST
	12
	

	3.1
	

	 
	Collateral; Grant of Security Interest
	12
	

	3.2
	

	 
	No Assumption of Liability.
	13
	

	3.3
	

	 
	Validity of Liens.
	13
	

	3.4
	

	 
	Relative Priority.
	13
	

	3.5
	

	 
	Exercise of Remedies.
	14
	

	3.6
	

	 
	Exclusions from Collateral.
	14
	

	Section 4.
	 
	REPRESENTATIONS AND WARRANTIES
	14
	

	4.1
	

	 
	Title; Transferability; No Other Liens
	14
	

	4.2
	

	 
	Perfected Liens
	15
	

	4.3
	

	 
	Jurisdiction of Organization
	16
	

	4.4
	

	 
	Credit Card Accounts Receivable and Pharmacy Receivables
	16
	

	4.5
	

	 
	Goods and Receivables.
	16
	

	4.6
	

	 
	Intellectual Property
	17
	

	4.7
	

	 
	[Intentionally Omitted]
	18
	

	4.8
	

	 
	Pharmaceutical Laws
	18
	

	4.9
	

	 
	HIPAA Compliance
	19
	

	4.10
	

	 
	Compliance with Health Care Laws
	19
	

	4.11
	

	 
	Prescription Lists
	20
	

	4.12
	

	 
	Certificated Pledged Collateral.
	20
	

	4.13
	

	 
	Uncertificated Pledged Collateral.
	20
	

	4.14
	

	 
	Instruments and Chattel Paper.
	20
	

	4.15
	

	 
	Commercial Tort Claims.
	20
	

	4.16
	

	 
	As-Extracted Collateral; Timber-to-be-Cut
	20
	

i

	
						
	Section 5.
	 
	COVENANTS
	21
	

	5.1
	

	 
	Delivery of Instruments and Chattel Paper
	21
	

	5.2
	

	 
	Maintenance of Insurance
	21
	

	5.3
	

	 
	Maintenance of Perfected Security Interest; Further Documentation
	21
	

	5.4
	

	 
	Changes in Name, etc
	22
	

	5.5
	

	 
	Delivery of Pledged Collateral
	22
	

	5.6
	

	 
	Perfection of Uncertificated Pledged Collateral.
	23
	

	5.7
	

	 
	Voting Rights Etc.
	23
	

	5.8
	

	 
	Certain Agreements of Grantors As Issuers and Holders of Equity Interests
	24
	

	5.9
	

	 
	Commercial Tort Claims
	24
	

	5.1
	

	 
	Securities Accounts
	24
	

	5.11
	

	 
	Protection and Maintenance of Intellectual Property Collateral
	25
	

	Section 6.
	 
	REMEDIAL PROVISIONS
	26
	

	6.1
	

	 
	Certain Matters Relating to Credit Card Accounts Receivable and Pharmacy Receivables
	26
	

	6.2
	

	 
	Communications with Obligors; Grantors Remain Liable
	27
	

	6.3
	

	 
	[Intentionally Omitted]
	27
	

	6.4
	

	 
	Application of Proceeds.
	27
	

	6.5
	

	 
	Code and Other Remedies
	27
	

	6.6
	

	 
	Deficiency
	30
	

	6.7
	

	 
	Grant of License in Intellectual Property, Software and other Assets
	30
	

	Section 7.
	 
	THE COLLATERAL AGENT
	30
	

	7.1
	

	 
	Collateral Agent’s Appointment as Attorney-in-Fact, etc.
	30
	

	7.2
	

	 
	Duty of Collateral Agent
	32
	

	7.3
	

	 
	Execution of Financing Statements and Intellectual Property Security Agreements
	32
	

	7.4
	

	 
	Authority of the Collateral Agent
	33
	

	Section 8.
	 
	MISCELLANEOUS
	34
	

	8.1
	

	 
	Amendments in Writing
	34
	

	8.2
	

	 
	Notices
	34
	

	8.3
	

	 
	No Waiver by Course of Conduct Cumulative Remedies
	34
	

	8.4
	

	 
	Enforcement Expenses; Indemnification
	34
	

	8.5
	

	 
	Successors and Assigns
	35
	

	8.6
	

	 
	Set-Off
	35
	

	8.7
	

	 
	Counterparts
	36
	

	8.8
	

	 
	Severability
	36
	

	8.9
	

	 
	Section Headings
	36
	

	8.10
	

	 
	Integration
	36
	

	8.11
	

	 
	GOVERNING LAW
	36
	

	8.12
	

	 
	Intentionally Omitted
	36
	

	8.13
	

	 
	Acknowledgements
	36
	

	8.14
	

	 
	Additional Grantors
	37
	

ii

	
						
	8.15
	

	 
	Releases
	37
	

	8.16
	

	 
	Jurisdiction, Etc.
	37
	

	8.17
	

	 
	WAIVER OF JURY TRIAL
	37
	

	8.18
	

	 
	Interim DIP Term Sheet Guaranty and Collateral Provisions.
	38
	

	8.19
	

	 
	Intercreditor Agreement.
	38
	

	8.20
	

	 
	Financing Orders.
	38
	

SCHEDULES

Schedule 1     Grantors; Notice Addresses
Schedule 2    [Reserved]
Schedule 3     Jurisdictions of Organization
Schedule 4    Intellectual Property Schedules
Schedule 5    Pledged Collateral

EXHIBITS

Exhibit A    Trademark Security Agreement

Exhibit B    Copyright Security Agreement

Exhibit C    Patent Security Agreement 

Exhibit D    Pledged Collateral Supplement

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DEBTOR-IN-POSSESSION GUARANTEE AND COLLATERAL 
AGREEMENT
DEBTOR-IN-POSSESSION GUARANTEE AND COLLATERAL AGREEMENT, dated as of November 29, 2018, among (a) each of the entities listed on Schedule 1 hereto (together with any other entity that may become a party hereto as provided herein, the “Grantors”), and (b) Bank of America, N.A. and Wells Fargo Bank, National Association, as co-collateral agents (collectively in such capacity, the “Co-Collateral Agents”).
W I T N E S S E T H:
WHEREAS, on October 15, 2018 (the “Petition Date”), Sears Holdings Corporation, a Delaware corporation and a debtor and debtor-in-possession (“Holdings”), Sears Roebuck Acceptance Corp., a Delaware corporation and a debtor and debtor-in-possession (“SRAC”), Kmart Corporation, a Michigan corporation and a debtor and debtor-in-possession (“Kmart Corp.”; Kmart Corp. together with SRAC, the “Borrowers”) and certain of the Borrowers’ Subsidiaries (together with any Subsidiary joining in the Chapter 11 Cases (as defined in the Credit Agreement (as defined below) after the Petition Date, collectively, the “Debtors”) filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (together with any other court having jurisdiction over the Chapter 11 Cases or any proceeding therein from time to time, the “Bankruptcy Court”);
WHEREAS, the Debtors are continuing to operate their businesses and manage their properties as debtors-in-possession under Sections 1107 and 1108 of the Bankruptcy Code;
WHEREAS, prior to the Petition Date, the Lenders (as defined in the Credit Agreement) provided loans and other financial accommodations to the Borrowers pursuant to the Prepetition First Lien ABL Credit Agreement (as defined in the Credit Agreement); 
WHEREAS, on October 16, 2018, pursuant to the Interim DIP Term Sheet (as defined in the Credit Agreement) and the Interim Financing Order (as defined in the Credit Agreement), the Initial Lenders (as defined in the Credit Agreement) provided to the Borrowers a senior secured superpriority priming post-petition debtor-in-possession asset-based credit facility (the “Interim DIP Facility”) consisting of (a) a new money asset-based term loan in an aggregate principal amount of $111,889,241 and (b) a new money asset-based revolving credit facility with aggregate revolving commitments of $188,110,759; and the revolving loans made thereunder, for operating, working capital and general corporate purposes of the Loan Parties, in each case consistent with, subject to and within the limitations contained in, the Approved Initial Budget (as defined in the Interim DIP Term Sheet), including to pay fees, costs and expenses incurred in connection with the transactions contemplated thereby and other administration costs incurred in connection with the Chapter 11 Cases;
WHEREAS, the Borrowers have requested, and the Lenders have agreed, that the Interim DIP Facility be amended and restated in its entirety on the terms set forth in that certain Superpriority Senior Secured Debtor-In-Possession Asset-Based Credit Agreement, dated as of the date hereof (the “Credit Agreement,” unless otherwise defined herein, terms defined in the 

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Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement), among Holdings, the Borrowers, the banks, financial institutions and other institutional lenders listed on the signature pages thereof or through an assignment as provided in Section 9.07 thereof, as Revolving Lenders or Term Lenders, as applicable, the Issuing Lenders party thereto, Bank Of America, N.A., as Administrative Agent (the “Agent”), Co-Collateral Agent, and swingline lender, Wells Fargo Bank, National Association, as Co-Collateral Agent and the other agents and arrangers party thereto, to (a) increase the facility size to refinance certain amounts under the Prepetition 2016 Term Loan Facility and the Prepetition Revolving Facility, as well as to refinance certain Prepetition L/C Obligations, and (b) more fully set forth the terms of the Total Extensions of Credit thereunder;
WHEREAS, under the Interim DIP Term Sheet, each Guarantor guaranteed the Borrowers’ obligations and each Borrower and each other Grantor secured all of its obligations under the Interim DIP Term Sheet by granting to the Control Co-Collateral Agent, for the benefit of the Co-Collateral Agents and the other Credit Parties, a security interest in and lien upon substantially all of their existing and after-acquired personal and real property;
WHEREAS, the business of the Borrowers and each other Grantor is a mutual and collective enterprise and the Borrowers and each other Grantor  believe that the Total Extensions of Credit and other financial accommodations provided to the Borrowers under the Credit Agreement will enhance the aggregate borrowing powers of the Borrowers and each other Grantor and facilitate the administration of the Chapter 11 Cases and their loan relationship with the Agent, the Co-Collateral Agents and the Lenders, all to the mutual advantage of the Borrowers and each other Grantor;
WHEREAS, each Borrower and each other Grantor acknowledges that it will receive substantial direct and indirect benefits by reason of the making of Extensions of Credit and other financial accommodations to the Borrowers as provided in the Credit Agreement and the Financing Orders; 
WHEREAS, the willingness of the Agent, the Co-Collateral Agents and the Lenders to extend financial accommodations to the Borrowers, as more fully set forth in the Credit Agreement and the other Loan Documents, is done solely as an accommodation to the Borrowers and the other Grantors and at the request of the Borrowers and the other Grantor and in furtherance of the mutual and collective enterprise of the Borrowers and the other Grantors; and
WHEREAS, it is a condition precedent to the effectiveness of the Credit Agreement that the Grantors execute and deliver this Agreement.
NOW, THEREFORE, in consideration of the premises and to induce the Co-Collateral Agents and the other Credit Parties, party thereto, to enter into the Credit Agreement and for other good and valuable consideration, the receipt of which is hereby acknowledged (these recitals being an integral part of this Agreement), the undersigned hereby agree that the guarantee and security provisions of the Interim DIP Term Sheet shall be amended and restated, without novation, in its entirety to read as follows:

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SECTION 1.    DEFINED TERMS

1.1    Definitions. (a) The following terms are used herein as defined in the New York UCC: Account Debtor, Accounts, Chattel Paper, Commercial Tort Claims, Control, Deposit Account, Documents, Equipment, Fixtures, General Intangibles, Goods, Instruments, Investment Property, Letter-of-Credit-Rights, Money, Proceeds Records, Securities Accounts, and Supporting Obligations.
(b)    The following terms shall have the following meanings:
“Agreement”: this Debtor-in-Possession Guarantee and Collateral Agreement.
“Borrower Obligations”: with respect to any Borrower, the collective reference to the unpaid principal of and interest on the Advances, the Term Loan and Reimbursement Obligations and all other obligations and liabilities of such Borrower (including, without limitation, interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of such Borrower’s Advances, the Term Loan and Reimbursement Obligations and interest accruing at the then applicable rate provided in the Credit Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to such Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), to any Credit Party, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, this Agreement, the other Loan Documents, any Letter of Credit, any Cash Management Service, any Bank Product or any other document made, delivered or given in connection with any of the foregoing, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to any Co-Collateral Agent or to any other Credit Party that are required to be paid by such Borrower pursuant to the terms of any of the foregoing agreements, and all interest, reimbursement obligations, fees, indemnities, costs and expenses accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to such Borrower, whether or not a claim for any such amounts is allowed in such proceeding). For purposes of Section 2, Borrower Obligations shall be deemed to include any obligation of any Group Member that is not a Borrower in respect of Cash Management Services and Bank Products.
 “Collateral”: as defined in Section 3.1.
“Control Co-Collateral Agent”: as defined in Section 7.4(b), or any successor thereto appointed after Bank of America, N.A. has resigned as a Co-Collateral Agent in accordance with the terms of the Credit Agreement.
 “Copyrights”: all copyrights (whether statutory or common law, whether established, registered, recorded or otherwise arising under the laws of the United States or any other country or any political subdivision thereof, whether registered or unregistered and whether published or unpublished) and all mask works (as such term is defined in 17 U.S.C. Section 901, et seq.), together with any and all: (i) registrations and recordings thereof, and all applications in connection therewith, 

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including all registrations, recordings and applications in the United States Copyright Office, (ii) rights and privileges arising under applicable law with respect to such copyrights, (iii) all renewals and extensions thereof, (iv) income, fees, royalties, damages, claims and payments now or hereafter due and/or payable with respect thereto, including damages and payments for past, present or future infringements or other violations thereof, (v) rights to sue for past, present or future infringements thereof, and (vi) rights corresponding thereto throughout the world.
“Copyright Licenses”: any agreement, written or oral, now or hereafter in effect, granting any right to any third party under any Copyright now owned or hereafter acquired by any Grantor or that such Grantor otherwise has the right to license, or granting any right to any Grantor under any Copyright now or hereafter owned by any third party, and all rights of such Grantor under any such agreement, including, the grant of rights to manufacture, distribute, exploit and sell materials derived from any Copyright.
“Copyright Security Agreement” an agreement substantially in the form of Exhibit B hereto.
“Credit Agreement”: as defined in the Recitals.
“Excluded Property”: as defined in Section 3.6.
 “Guarantor Obligations”: with respect to any Guarantor, all obligations and liabilities of such Guarantor which may arise under or in connection with this Agreement (including, without limitation, Section 2), any other Loan Document, any Cash Management Service or any Bank Products to which such Guarantor is a party, in each case whether on account of guarantee obligations, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to any Co-Collateral Agent or to any other Credit Party that are required to be paid by such Guarantor pursuant to the terms of this Agreement, any other Loan Document, any Cash Management Service or any Bank Product, and all guarantee obligations, reimbursement obligations, fees, indemnities, costs, expenses, or otherwise, after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to such Borrower, whether or not a claim for post-filing or post-petition guarantee obligations, reimbursement obligations, fees, indemnities, costs, expenses or otherwise, are allowed in such proceeding).
“Guarantors”: the collective reference to each Grantor in its capacity as a guarantor pursuant to Section 2.
“Health Care Laws”: all federal, state and local laws, rules, regulations, interpretations, guidelines, ordinances and decrees primarily relating to patient healthcare, any health care provider, medical assistance and cost reimbursement program, as now or at any time hereafter in effect, including, but not limited to, the Social Security Act, the Social Security Amendments of 1972, the Medicare-Medicaid Anti-Fraud and Abuse Amendments of 1977, the Medicare and Medicaid Patient and Program Protection Act of 1987 and HIPAA.
“HIPAA”: the Health Insurance Portability and Accountability Act of 1996.

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“Intellectual Property”: the collective reference to all Copyrights, Patents, Trademarks, Intellectual Property Licenses, and all other intellectual property rights and similar property rights of every kind and nature including rights in and to trade secrets and confidential or proprietary information, data and databases, know-how and processes, designs, inventions, technology and software and any other intangible rights, to the extent not covered by the definitions of Patents, Trademarks and Copyrights, whether statutory or common law, whether registered or unregistered, and whether established or registered in the United States or any other country or any political subdivision thereof, together with any and all (i) registrations and applications for the foregoing, (ii) income, fees, royalties, damages and payments now and hereafter due and/or payable thereunder and with respect thereto, including damages, claims and payments for past, present or future infringements or other violations thereof, (iii) rights to sue for past, present and future infringements and other violations thereof, and (iv) rights corresponding thereto throughout the world.
“Intellectual Property License”: any Patent License, Trademark License, Copyright License, or any other Intellectual Property license or sublicense agreement (or other agreement granting rights in or to Intellectual Property) to which any Grantor is a party or is otherwise bound.
“New York UCC”: the Uniform Commercial Code as from time to time in effect in the State of New York.
“Obligations”: (i) in the case of each Borrower, its Borrower Obligations, and (ii) in the case of each Guarantor, its Guarantor Obligations.
 “Patents”: all patents, patent applications, certificates of inventions, and industrial designs (whether established or registered or recorded in the United States, or any other country or any political subdivision thereof), together with any and all: (i) inventions described and claimed therein, (ii) reissues. extensions, divisions, continuations and continuations-in-part thereof, (iii) income, fees, royalties, damages, claims and payments now or hereafter due and/or payable thereunder and with respect thereto including damages and payments for past, present or future infringements or other violations thereof, (iv) rights to sue for past, present or future infringements or other violations thereof, and (v) rights corresponding thereto throughout the world.
“Patent Security Agreement”: an agreement substantially in the form of Exhibit C hereto.
“Patent License”: any agreement, whether written or oral, now or hereafter in effect, granting to any third party any right under any Patent now owned or hereafter acquired by any Grantor or that any Grantor otherwise has the right to license, or granting to any Grantor any right under any Patent now owned or hereafter acquired by any third party, and all rights of any Grantor under any such agreement, including any agreement providing for the grant by or to any Grantor of any right to manufacture, use or sell any invention covered in whole or in part by a Patent.
“Pharmaceutical Laws”: federal, state and local laws, rules or regulations, codes, orders, decrees, judgments or injunctions issued, promulgated, approved or entered, relating to dispensing, storing or distributing prescription medicines or products, including laws, rules or regulations relating to the qualifications of Persons employed to do the same.

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“Pledged Collateral”: the Pledged Debt and the Pledged Equity. 
“Pledged Collateral Supplement”: a Pledged Collateral Supplement in the form attached hereto as Exhibit D.
“Pledged Debt”: the Debt owed to any Grantor, whether or not evidenced by any Instrument, including all Debt described on Schedule 5 hereto, issued by the obligors named therein, the Instruments, if any, evidencing such Debt, and all interest, cash, Instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the foregoing.
“Pledged Equity”: collectively, (i) all issued and outstanding Equity Interests of each issuer set forth on Schedule 5 hereto as being owned by any Grantor and all options, warrants, rights, agreements and additional Equity Interests of whatever class of any such issuer acquired by such Grantor (including by issuance), together with all rights, privileges, authority and powers of such Grantor relating to such Equity Interests or under any organizational document of any such issuer, and the certificates, instruments and agreements representing such Equity Interests and any and all interest of such Grantor in the entries on the books of any financial intermediary pertaining to such Equity Interests, (ii) all Equity Interests of any issuer, which Equity Interests are hereafter acquired by such Grantor (including by issuance) and all options, warrants, rights, agreements and additional Equity Interests of whatever class of any such issuer acquired by such Grantor (including by issuance), together with all rights, privileges, authority and powers of such Grantor relating to such Equity Interests or under any organizational document of any such issuer, and the certificates, instruments and agreements representing such Equity Interests and any and all interest of such Grantor in the entries on the books of any financial intermediary pertaining to such Equity Interests, from time to time acquired by such Grantor in any manner and (iii) all Equity Interests issued in respect of the Equity Interests referred to in clauses (i) and (ii) upon any consolidation or merger of any issuer of such Equity Interests.
“Prescription List”: all right, title and interest of any Grantor in and to all prescription files maintained by it or on its behalf, including all patient profiles, customer lists, customer information, and other records of prescriptions filled by it, in whatever form and wherever maintained by it or on its behalf, and all goodwill and other intangible assets arising from the maintenance of such records and the possession of the information contained therein.
“Receivables”: all (i) Accounts, (ii) rights to payment evidenced by Chattel Paper or Instruments and  (iii) Payment Intangibles, and all other rights to payment, whether or not earned by performance, for goods or other property sold, leased, licensed, assigned or otherwise disposed of, or services rendered or to be rendered, including Commercial Tort Claims, regardless of how classified under the UCC, together with all of the Grantors’ rights, if any, in any goods or other property giving rise to such right to payment and all collateral support and Supporting Obligations related thereto and all Records relating thereto.
“Securities Act”: the Securities Act of 1933.

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 “Trademarks”: all trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, trade dress, service marks, certification marks, slogans, logos, internet domain names and other source or business identifiers, whether statutory or common law, whether registered or unregistered, and whether established or registered in the United States or any other country or any political subdivision thereof, together with any and all: (i) registrations and recordings thereof, and all applications in connection therewith, (ii) all goodwill associated therewith and symbolized thereby, now existing or hereafter adopted or acquired (iii) rights and privileges arising under applicable law with respect to the use of any of the foregoing, (iv) reissues, continuations, extensions and renewals thereof, (v) income, fees, royalties, damages and payments now and hereafter due and/or payable thereunder and with respect thereto, including damages, claims and payments for past, present or future infringements, dilutions or other violations thereof, (vi) rights to sue for past, present and future infringements, dilutions or other violations thereof, and (vii) rights corresponding thereto throughout the world.
“Trademark Security Agreement”: an agreement substantially in the form of Exhibit A hereto.
“Trademark License”: any agreement, whether written or oral, now or hereafter in effect, granting to any third party any right under any Trademark now owned or hereafter acquired by any Grantor or that any Grantor otherwise has the right to license, or granting to any Grantor any right under any Trademark now owned or hereafter acquired by any third party, and all rights of any Grantor under any such agreement.

1.2    Other Definitional Provisions. 
(a)    In this Agreement, unless otherwise specified, (a) in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding” (b) “including” means “including without limitation”; and (c) any reference to a time of day means Eastern time.
(b)    With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document, the definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.  Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (iii) the words “herein,” “hereof” and “hereunder,” and words of similar import when used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) the words “asset” and “property” 

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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.

SECTION 2.    GUARANTEE

2.1    Guarantee. (a) Each of the Guarantors (other than the Borrowers) hereby, jointly and severally, unconditionally and irrevocably, guarantees to the Control Co-Collateral Agent, for the ratable benefit of the Credit Parties and their respective successors, indorsees, transferees and assigns, the prompt and complete payment and performance by each Borrower when due (whether at the stated maturity, by acceleration or otherwise) of the Borrower Obligations of such Borrower. Each Borrower hereby, jointly and severally, unconditionally and irrevocably, guarantees to the Control Co-Collateral Agent, for the ratable benefit of the Credit Parties and their respective successors, indorsees, transferees and assigns, the prompt and complete payment and performance by each other Borrower when due (whether at the stated maturity, by acceleration or otherwise) of the Borrower Obligations of each such other Borrower.
(b)    [Reserved].
(c)    Each Guarantor agrees that the Borrower Obligations may at any time and from time to time exceed the amount of the liability of such Guarantor hereunder without impairing the guarantee contained in this Section 2 or affecting the rights and remedies of any Co-Collateral Agent or any other Credit Party hereunder.
(d)    The guarantee contained in this Section 2 shall remain in full force and effect until all the Borrower Obligations (other than contingent indemnification obligations for which no claim shall have then been asserted) and the obligations of each Guarantor under the guarantee contained in this Section 2 shall have been satisfied by payment in full, no Letter of Credit shall be outstanding (unless the same has been Cash Collateralized or back-to-back letters of credit from an issuer and on terms acceptable to the Issuing Lender have been provided in respect of such Letters of Credit) and the Commitments shall be terminated, notwithstanding that from time to time during the term of the Credit Agreement any of the Borrowers may be free from any Borrower Obligations.
(e)    No payment made by any of the Borrowers, any of the Guarantors, any other guarantor or any other Person or received or collected by any Co-Collateral Agent or any other Credit Party from any of the Borrowers, any of the Guarantors, any other guarantor or any other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of any of the Borrower Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of any Guarantor hereunder which shall, notwithstanding any such payment (other than any payment made by such Guarantor in respect of any of the Borrower Obligations or any payment received or collected from such Guarantor in respect of any of the Borrower Obligations), remain liable for the Borrower Obligations up to the maximum liability of such Guarantor hereunder until each of the Borrower Obligations (other than contingent indemnification obligations for which no claim shall have then been asserted) are paid in full, no Letter of Credit shall be outstanding (unless the same has been Cash Collateralized 

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or back-to-back letters of credit from an issuer and on terms acceptable to the Issuing Lender have been provided in respect of such Letters of Credit) and the Commitments are terminated.

2.2    Right of Contribution. Each Subsidiary Guarantor hereby agrees that to the extent that a Subsidiary Guarantor shall have paid more than its proportionate share of any payment made hereunder, such Subsidiary Guarantor shall be entitled to seek and receive contribution from and against any other Subsidiary Guarantor hereunder which has not paid its proportionate share of such payment. Each Subsidiary Guarantor’s right of contribution shall be subject to the terms and conditions of Section 2.3 (including the subordination provisions contained therein). The provisions of this Section 2.2 shall in no respect limit the obligations and liabilities of any Subsidiary Guarantor to the Co-Collateral Agents and the other Credit Parties, and each Subsidiary Guarantor shall remain liable to the Co-Collateral Agents and the other Credit Parties for the full amount guaranteed by such Subsidiary Guarantor hereunder. This Section 2.2 shall not apply to Sears in its capacity as a Guarantor of the Borrower Obligations of SRAC, or to Kmart in its capacity as a Guarantor of the Borrower Obligations of Kmart Corp.

2.3    No Subrogation. Notwithstanding any payment made by any Guarantor hereunder or any set-off or application of funds of any Guarantor by any Co-Collateral Agent or any other Credit Party, no Guarantor shall be entitled to be subrogated to any of the rights of any Co-Collateral Agent or any other Credit Party against any Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Co-Collateral Agents or any other Credit Party for the payment of any of the Borrower Obligations, nor shall any Guarantor seek or be entitled to seek any contribution, reimbursement or indemnification from any Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, and notwithstanding the foregoing, in the event that any Guarantor possesses any such rights of subrogation, contribution, reimbursement or indemnification, all such rights shall in all respects be subordinated and junior in right of payment, until all amounts owing to the Co-Collateral Agents and the other Credit Parties by each of the Borrowers on account of its Borrower Obligations (other than contingent indemnification obligations for which no claim shall have then been asserted) are paid in full, no Letter of Credit shall be outstanding (unless the same has been Cash Collateralized or back-to-back letters of credit from an issuer and on terms acceptable to the Issuing Lender have been provided in respect of such Letters of Credit) and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation, contribution, reimbursement or indemnification rights at any time when any of the Borrower Obligations (other than contingent indemnification obligations for which no claim shall have then been asserted) shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Co-Collateral Agents and the other Credit Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be transferred to the Agent’s Account (or as the Co-Collateral Agents may otherwise direct) in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Agent, if required), to be applied against the Borrower Obligations, whether matured or unmatured, in such order as the Agent may determine.

2.4    Amendments, etc. with respect to the Borrower Obligations. Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of 

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rights against any Guarantor and without notice to or further assent by any Guarantor, any demand for payment of any of the Borrower Obligations made by the Co-Collateral Agents or any other Credit Party may be rescinded by the Co-Collateral Agents or such other Credit Party and any of the Borrower Obligations continued, and any of the Borrower Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by the Co-Collateral Agents or any other Credit Party, and the Credit Agreement and the other Loan Documents and any other documents executed and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Co-Collateral Agents (or the Required Lenders or all Lenders, as the case may be) or any other Credit Party, if applicable, may deem advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Co-Collateral Agents or any other Credit Party for the payment of any of the Borrower Obligations may be sold, exchanged, waived, surrendered or released. Neither the Co-Collateral Agents nor any other Credit Party shall have any obligation to any Loan Party or other Person, to protect, secure, perfect or insure any Lien at any time held by it as security for any of the Borrower Obligations or for the guarantee contained in this Section 2 or any property subject thereto.

2.5    Guarantee Absolute and Unconditional.
(a)    Each Guarantor waives any and all notice of the creation, renewal, extension or accrual of any of the Borrower Obligations and notice of or proof of reliance by the Co-Collateral Agents or any other Credit Party upon the guarantee contained in this Section 2 or acceptance of the guarantee contained in this Section 2; each of the Borrower Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the guarantee contained in this Section 2; and all dealings between any of the Borrowers and any of the Guarantors, on the one hand, and the Co-Collateral Agents and the other Credit Parties, on the other hand, likewise shall be conclusively presumed to have been had or consummated in reliance upon the guarantee contained in this Section 2. Each Guarantor waives diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon any of the Borrowers or any of the Guarantors with respect to any of the Borrower Obligations. Each Guarantor understands and agrees that the guarantee contained in this Section 2 shall be construed as a continuing, absolute and unconditional guarantee of payment without regard to (a) the validity or enforceability of the Credit Agreement, any other Loan Document, any Letter of Credit, any Cash Management Service, any Bank Product or any other document made, delivered or given in connection with any of the foregoing, any of the Borrower Obligations or any other collateral security therefor or guarantee or right of offset with respect thereto at any time or from time to time held by the Co-Collateral Agents or any other Credit Party, (b) any defense, set-off or counterclaim (other than a defense of payment or performance) which may at any time be available to or be asserted by any Borrower or any other Person against any Co-Collateral Agent or any other Credit Party, or (c) any other circumstance whatsoever (with or without notice to or knowledge of any Borrower or such Guarantor) which constitutes, or might be construed to constitute, an equitable or legal discharge of any of the Borrowers for the Borrower Obligations, or of such Guarantor under the guarantee contained in this Section 2, in bankruptcy or in any other 

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instance. When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any Guarantor, the Co-Collateral Agents or any other Credit Party may, but shall be under no obligation to, make a similar demand on or otherwise pursue such rights and remedies as it may have against the Borrowers, any other Guarantor or any other Person or against any collateral security or guarantee for any of the Borrower Obligations or any right of offset with respect thereto, and any failure by the Co-Collateral Agents or any other Credit Party to make any such demand, to pursue such other rights or remedies or to collect any payments from any of the Borrowers, any other Guarantor or any other Person or to realize upon any such collateral security or guarantee or to exercise any such right of offset, or any release of any Borrower, any other Guarantor or any other Person or any such collateral security, guarantee or right of offset, shall not relieve any Guarantor of any obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of the Co-Collateral Agents or any other Credit Party against any Guarantor. For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings.
(b)    The obligations of each Guarantor hereunder shall not be discharged or impaired or otherwise affected by the failure of any Co-Collateral Agent or any other Credit Party to assert any claim or demand or to enforce any remedy under this Agreement, any other Loan Document, any Letter of Credit, any Cash Management Service, any Bank Product or any other document made, delivered or given in connection with any of the foregoing or any other agreement, by any default, failure or delay, willful or otherwise, in the performance of any of the Obligations, or by any other act or omission that may or might in any manner or to any extent vary the risk of any Guarantor or that would otherwise operate as a discharge of any Guarantor as a matter of law or equity (other than upon a written release of such Guarantor from the Co-Collateral Agents or upon the indefeasible payment in full in cash of all the Borrower Obligations after the Commitments have been terminated).
(c)    The Co-Collateral Agents may, at their election upon the occurrence and during the continuance of an Event of Default (and subject to the Financing Orders and the Intercreditor Agreement), foreclose on any Collateral held by one or more of them by one or more judicial or non-judicial sales, accept an assignment of any such Collateral in lieu of foreclosure, compromise or adjust any part of the Borrower Obligations, make any other accommodation with any Guarantor, or exercise any other right or remedy available to them against any Guarantor, without affecting or impairing in any way the liability of any other Guarantor hereunder except to the extent that all the Borrower Obligations (other than contingent indemnification obligations for which no claim shall have then been asserted) have been indefeasibly paid in full in cash and the Commitments have been terminated. Each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Guarantor against any other Guarantor, as the case may be, or any Collateral.

2.6    Reinstatement. The guarantee contained in this Section 2 shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Borrower Obligations or the Guarantor Obligations is rescinded or must otherwise be restored or returned by the Co-Collateral Agents or any other Credit Party upon the insolvency, 

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bankruptcy, dissolution, liquidation or reorganization of any Borrower or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, any Borrower or any Guarantor or any substantial part of its property, or otherwise, all as though such payments had not been made.

2.7    Payments. Each Guarantor hereby guarantees that payments hereunder will be paid without set-off or counterclaim in Dollars, to the Agent’s Account, or such other account as the Co-Collateral Agents may designate in accordance with Section 9.02 of the Credit Agreement.

SECTION 3.    GRANT OF SECURITY INTEREST

3.1    Collateral; Grant of Security Interest. Each Grantor hereby grants to the Control Co-Collateral Agent, for the ratable benefit of the Credit Parties, a security interest in, all of the following property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Collateral”), as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of such Grantor’s Obligations:
(a)    All Accounts and Receivables (including all Credit Card Accounts Receivable and all Pharmacy Receivables);
(b)    all General Intangibles (including all Payment Intangibles);
(c)    all Equipment, Inventory, Fixtures and Goods;
(d)    all Pledged Collateral;
(e)    all Investment Property;
(f)    all Intellectual Property;
(g)    all Chattel Paper (including all Tangible Chattel Paper and all Electronic Chattel Paper and all Chattel Paper relating to Credit Card Accounts Receivable and Pharmacy Receivables);
(h)    all Instruments (including all Instruments relating to Credit Card Accounts Receivable and Pharmacy Receivables);
(i)    all Prescription Lists;
(j)    all Documents;
(k)    all Deposit Accounts (including all DDAs), Securities Accounts and all other demand, deposit, time, savings, cash management, passbook and similar accounts maintained by such Grantor with any Person and all monies, securities, Instruments and other investments deposited or required to be deposited in any of the foregoing;

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(l)    all Money, cash and cash equivalents;
(m)    all proceeds, products, offspring, or profits from all dispositions or monetizations of leases of real property;
(n)    effective upon the entry of the Final Financing Order, all proceeds of claims or causes of action that the Grantors may be entitled to assert by reason of any avoidance or other power vested in or on behalf of the Grantors or the estates of the Grantors under Chapter 5 of the Bankruptcy Code or under state law and any and all recoveries and settlements thereof;
(o)    all Commercial Tort Claims;
(p)    all Letter-of-Credit Rights (whether or not the respective letter of credit is evidenced by a writing);
(q)    to the extent not otherwise included, all Proceeds, insurance claims, Supporting Obligations and products of any and all of the foregoing; and all collateral security and guarantees given by any Person with respect to any of the foregoing; and
(r)    all DIP ABL Collateral (as defined in the Final Financing Order). 
The security interest and Lien provided for herein may be independently granted by the other Loan Documents, including pursuant to the Interim Financing Order and the Final Financing Order.  This Agreement, the Financing Orders and such other Loan Documents supplement each other, without in any way diminishing or limiting the effects of each other or any Lien, claim or security interest granted thereunder, and the grants priorities, rights and remedies of the Co-Collateral Agents and the Credit Parties hereunder and thereunder are cumulative.  

3.2    No Assumption of Liability.  The security interest in the Collateral, granted to the Control Co-Collateral Agent is granted as security only and shall not subject the Co-Collateral Agents or any other Credit Party to, or in any way alter or modify, any obligation or liability of any Grantor with respect to or arising out of the Collateral.

3.3    Validity of Liens. The Lien and security interest hereunder shall be deemed valid, binding, continuing, enforceable fully perfected Liens on the Collateral owned by a Grantor by entry of the Interim Financing Order or, after entry thereof, the Final Financing Order. The Control Co-Collateral Agent may, but shall not be required to, file any financing statements, notices of Lien or similar instruments on Collateral owned by a Grantor in any jurisdiction or filing office or to take any other action in order to validate or perfect such Liens and security interests granted by or pursuant to this Agreement, the Interim Financing Order or, after entry thereof, the Final Financing Order, or any other Loan Document.

3.4    Relative Priority. The Lien and security interest, the priority thereof, and other rights and remedies granted to the Control Co-Collateral Agent for the benefit of the Credit 

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Parties pursuant to this Agreement, the Intercreditor Agreement, the other Loan Documents, the Interim Financing Order or, after entry thereof, the Final Financing Order (including but not limited to the existence, validity, enforceability, extent, perfection and priority of such Lien and security interest) and the superpriority claims provided therein shall not be modified, altered or impaired in any manner by any other financing or extension of credit or incurrence of debt by any Grantor (pursuant to any applicable Debtor Relief Laws or otherwise), or by any dismissal or conversion of any applicable Chapter 11 Cases. Without limitation, and notwithstanding any such financing, extension, incurrence, dismissal or conversion: 
(a)    Except for the Carve-Out, to the extent set forth in the Financing Orders, the Intercreditor Agreement or as otherwise permitted under the Loan Documents, no administrative expense claims which have been or may be incurred in the Chapter 11 Cases or any conversion of the same or in any other proceedings related thereto, and no priority claims are or will be prior to or pari passu with any claim of the Control Co-Collateral Agent or any other Credit Party against any Grantor in respect of such Grantor’s Obligations; and 
(b)    The Lien and security interest granted to the Control Co-Collateral Agent pursuant to this Agreement, the Financing Orders, and the other Loan Documents shall constitute valid, binding, continuing, enforceable and fully perfected Liens with the priority set forth in the Intercreditor Agreement and the Financing Orders without the necessity for the Control Co-Collateral Agent to file any financing statements or otherwise perfect the security interest under applicable non-bankruptcy law.

3.5    Exercise of Remedies. Notwithstanding anything herein to the contrary, (a) the exercise of any right or remedy by the Collateral Agents hereunder with respect to the Collateral or any Lien purported to be granted to the Control Co-Collateral Agent for the benefit of the Credit Parties pursuant to this Agreement is subject to the delivery of any notice expressly required pursuant to Section 7.02 of the Credit Agreement, the terms of the Intercreditor Agreement and the expiry of any notice period applicable to the exercise of such right or remedy pursuant to the Financing Orders and (b) if any conflict exists between this Agreement and the Interim Financing Order (and, when applicable, the Final Financing Order) with respect to (i) a Grantor, (ii) any notice(s) required in connection with the exercise of any rights or remedies by any Credit Party, or (iii) any rights of the Loan Parties and their Subsidiaries pursuant to Paragraphs 2 and 10 of the Financing Orders to use Cash Collateral and the proceeds of the DIP ABL Facility and the applicable Loan Documents, then the provisions of the Interim Financing Order (and, when applicable, the Final Financing Order), shall govern and control.

3.6    Exclusions from Collateral. Notwithstanding anything herein to the contrary, in no event shall the Collateral include or the security interest granted under Section 3.1 hereof attach to any of the following (collectively, the “Excluded Property”): assets expressly excluded from “DIP ABL Collateral” (as defined in the Financing Orders) pursuant to Paragraph 13 of the Final Financing Order.

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SECTION 4.    REPRESENTATIONS AND WARRANTIES
To induce the Co-Collateral Agents and certain other Credit Parties to enter into the Credit Agreement and to induce the Lenders and the Swing Line Lender to make their respective extensions of credit to the Borrowers thereunder and the Issuing Lender to issue the Letters of Credit, each Grantor hereby represents and warrants to the Co-Collateral Agents and the other Credit Parties that:

4.1    Title; Transferability; No Other Liens. Except for the security interest granted to the Control Co-Collateral Agent for the ratable benefit of the Credit Parties pursuant to this Agreement and the Financing Orders, and the other Liens permitted to exist on the Collateral by the Credit Agreement, the Intercreditor Agreement and the Financing Orders, such Grantor owns each item of the Collateral free and clear of any and all Liens or claims of others. No financing statement or other public notice with respect to all or any part of the Collateral is on file or of record in any public office, except such as have been filed in favor of the Control Co-Collateral Agent, for the ratable benefit of the Credit Parties, pursuant to this Agreement or as are permitted by the Credit Agreement, the Intercreditor Agreement or the Financing Orders. Except as permitted by the Credit Agreement, the Intercreditor Agreement, the Financing Orders or hereunder, there is no agreement, order, judgment or decree, and no Grantor shall enter into any agreement or take any other action, that would restrict the transferability of any of the Collateral or otherwise impair or conflict with such Grantor’s obligations or the rights of the Co-Collateral Agents hereunder. For the avoidance of doubt, it is understood and agreed that any Grantor may, as part of its business, grant licenses to third parties to use Intellectual Property pursuant to clauses (h) and (j) of the definition of “Permitted Dispositions” 

4.2    Perfected Liens.
(a)    The security interests granted pursuant to this Agreement and pursuant to the applicable Financing Order constitute valid perfected security interests in all of the Collateral in favor of the Control Co-Collateral Agent, for the ratable benefit of the Credit Parties, as collateral security for such Grantor’s Obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor having the priority set forth in the Intercreditor Agreement and the Financing Orders (and subject to Permitted Liens having priority over the Liens of the Control Co-Collateral Agent pursuant to applicable law).
(b)    Each Co-Collateral Agent hereby appoints the other Co-Collateral Agents, and each hereby agrees to serve, as agent and bailee for the others for the limited purpose of perfecting their respective security interests, granted for the benefit of the Credit Parties, on the Collateral which may at any time be in its possession during the term of this Agreement, including any rights with respect to Deposit Accounts, Documents or other Collateral which is perfected by “control” under the New York UCC or any other applicable jurisdiction.
(c)    Without in any way limiting the foregoing, each Grantor hereby acknowledges that (i) any and all financing statements filed under the UCC in connection with the Prepetition First Lien ABL Credit Agreement, naming Bank of America, N.A., as Control Co-

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Collateral Agent (or otherwise as a representative for itself and other financial institutions), as secured party, and such Grantor, as debtor and (ii) any and all financing statements filed under the UCC in connection with the Interim DIP Facility, naming Bank of America, N.A., as Control Co-Collateral Agent (or otherwise as a representative for itself and other financial institutions), as secured party, and such Grantor, as debtor, in each case, shall be effective to perfect the Control Co-Collateral Agent’s security interest granted by such Grantor pursuant to this Agreement to the extent such security interest may be perfected by the filing of financing statements under the UCC for the purposes of so perfecting the security interests granted by such Grantor hereunder and such pre-filings of financing statements are hereby ratified in all respects.  Until all the Obligations and the Prepetition ABL Obligations have been indefeasibly paid in full in cash pursuant to Section 9.13 of the Credit Agreement, the provisions of this subsection (c) shall continue to be effective and not subject to any right of termination in respect of the security interests granted herein.

4.3    Jurisdiction of Organization. On the date hereof, such Grantor’s jurisdiction of organization and identification number from the jurisdiction of organization (if any) are specified on Schedule 3. Such Grantor has furnished to the Co-Collateral Agents a charter, certificate of incorporation or other formation document and good standing certificate as of a date which is recent to the date hereof

4.4    Credit Card Accounts Receivable and Pharmacy Receivables.
(a)    No amount payable to such Grantor under or in connection with any Credit Card Accounts Receivable or Pharmacy Receivables is evidenced by any Instrument or Chattel Paper having a face value in excess of $1,000,000 which has not been delivered to the Co-Collateral Agents in suitable form for transfer by delivery or accompanied by duly executed instruments of transfer or assignment in blank.
(b)    None of the obligors on any Credit Card Accounts Receivable is a Governmental Authority.
(c)    Each Credit Card Accounts Receivable is a bona fide existing payment obligation of a credit card payment processor or an issuer of credit cards to a Grantor resulting from charges by a customer of a Grantor on credit cards issued by such issuer in connection with the sale of goods by such Grantor, or services performed by such Grantor, in each case in the ordinary course of its business.
(d)    Each Pharmacy Receivable represents a bona fide existing interest in or claim relating to a policy of insurance which is a right of a Grantor to payment of a monetary obligation for healthcare goods sold by such Grantor, or services provided by such Grantor, in each case in the ordinary course of its business.
(e)    Except as would not be reasonably expected to result in a Material Adverse Effect, there are no facts, events or occurrences which would impair the validity of any Credit Card Accounts Receivable or any Pharmacy Receivables, or tend to reduce the amount payable thereunder from the face amount of the claim or invoice or statements delivered to the Agent with respect thereto (other than arising in the ordinary course of business). 

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4.5    Goods and Receivables. 
(a)    To the applicable Grantor’s knowledge, each Receivable with a value in excess of $1,000,000 (i) is  the legal, valid and binding obligation of the Account Debtor in respect thereof, representing an unsatisfied obligation of such Account Debtor, (ii) is  enforceable in accordance with its terms, except to the extent, in the case of subclause (i) and (ii), that the enforceability thereof may be limited by the Chapter 11 cases and applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law) and (iii) is not subject to any credits, rights of recoupment, setoffs or defenses by such Account Debtor (except with respect to refunds, returns and allowances in the ordinary course of business) and (iv) is in compliance, in all respects, with all applicable laws, whether federal, state or local; and
(b)    other than any Inventory or Equipment in transit, all material amounts of the Equipment and Inventory included in the Collateral are located at the locations specified in Schedule 5(a), Schedule 5(b), Schedule 5(c) or Schedule 5(d) of the Perfection Certificate.

4.6    Intellectual Property
(a)    Schedule 4(a) hereto sets forth a true and accurate list of all United States, state and foreign registrations of and applications for Patents, Trademarks, and Copyrights owned by such Grantor.
(b)    Such Grantor is the sole and exclusive beneficial and record owner of the entire right, title, and interest in and to the Intellectual Property listed on Schedule 4(a) hereto. Each Grantor: (i) owns or has the valid right to use all other Intellectual Property used in or necessary to conduct its business as currently conducted or to sell the Collateral in the ordinary course, free and clear of all Liens, except for Permitted Liens; (ii) all registrations and applications for Copyrights, Patents and Trademarks are standing in the name of such Grantor and none of the Intellectual Property included in the Collateral has been licensed by such Grantor to any affiliate or third party, except as permitted by the Credit Agreement; (iii) the Intellectual Property listed on Schedule 4(a) and, to such Grantor’s knowledge, the Intellectual Property licensed pursuant to Intellectual Property Licenses listed on Schedule 7(a), Schedule 7(b) and Schedule 7(c) of the Perfection Certificate, all other material Intellectual Property included in the Collateral, is subsisting, in full force and effect, and such Grantor has performed all acts and has paid all renewal, maintenance, and other fees and taxes required to maintain each and every registration and application of Intellectual Property material to its business as currently conducted and included in the Collateral in full force and effect; (iv) to such Grantor’s knowledge, the Intellectual Property included in the Collateral that is material to such Grantor’s business is valid and enforceable; (v) no holding, decision, or judgment has been rendered in any action or proceeding before any court or administrative authority, including an Intellectual Property registry, challenging the validity of such Grantor’s right to register, or such Grantor’s rights to own or use, any material Intellectual Property included in the Collateral and no such action or proceeding is pending or, to such Grantor’s knowledge, threatened, other than routine office actions in the course of prosecution; (vi) except as would not be material to the operation of the business as a whole, such Grantor has used proper statutory notice of registration in connection with its use of registered Trademarks, Patents, and 

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notice of copyright in connection with the publication of Copyrighted works, which are material to the business of such Grantor; (vii) such Grantor uses consistent standards of quality in the manufacture, distribution, and sale of all products sold and in the provision of all services rendered under or in connection with the Trademarks included in the Collateral and has taken all action necessary to insure that all licensees of such Trademarks which are owned by such Grantor adhere to such Grantor’s standards of quality; (viii) the conduct of such Grantor’s business does not infringe upon any Intellectual Property owned or controlled by a third party; (ix) no litigation is pending or threatened in writing against such Grantor, and no claim has been made in writing that remains unresolved, that the use of any Intellectual Property owned or used by such Grantor (or any of its respective licensees) violates the Intellectual Property rights of any third party in any material respect; (x) no third party is infringing upon any Intellectual Property owned or used by such Grantor in any material respects; (xi) no Intellectual Property Licenses, settlement or consents, covenants not to sue, non-assertion assurances, or releases have been entered into by such Grantor, or to which such Grantor is bound, that materially and adversely affect such Grantor’s rights to own or use any Intellectual Property included in the Collateral or conduct its business; (xii) such Grantor has not made a previous commitment constituting a present or future assignment sale, transfer, of any Intellectual Property included in the Collateral that has not been terminated or released and (xiii) there is no effective financing statement or other document or instrument now executed, or on file or recorded in any public office, granting a security interest in or otherwise encumbering any part of the Intellectual Property included in the Collateral, other than Permitted Liens and those in favor of the Co-Collateral Agent.
(c)     Each Grantor shall take all reasonable and necessary steps to maintain and preserve the benefit of each Trademark License, Copyright License and Patent License which relates to Intellectual Property to the extent that the use of such Intellectual Property would be reasonably necessary in connection with the Co-Collateral Agents’ enforcement of any of its remedies under the Loan Documents. 
(d)    Except for consents which have been obtained, such Grantor does not own any Eligible Inventory which is subject to any Copyright License, Trademark License or Patent License or other agreement with any third party which would require any consent of any third party upon sale or disposition of that Eligible Inventory where such sale or disposition is made pursuant to a going-out-of-business sale, orderly liquidation or similar sale, in each case, to the extent such going-out-of-business sale, orderly liquidation or similar sale is conducted at the Stores, and such Grantor will promptly deliver notice to the Co-Collateral Agents upon entering into any Copyright License, Trademark License or Patent License or amendment thereto which would require any such consent.

4.7    [Intentionally Omitted]

4.8    Pharmaceutical Laws.
(a)    The Grantors have obtained all permits, licenses and other authorizations which are required with respect to the ownership and operations of their businesses 

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under any Pharmaceutical Law, except where the failure to obtain such permits, licenses or other authorizations would not reasonably be expected to have a Material Adverse Effect.
(b)    The Grantors are in compliance with all terms and conditions of all such permits, licenses, orders and authorizations, and are also in compliance with all Pharmaceutical Laws, including all other limitations, restrictions, conditions, standards, prohibitions, requirements, obligations, schedules and timetables contained in the Pharmaceutical Laws, except where the failure to comply with such terms, conditions or laws would not reasonably be expected to have a Material Adverse Effect.
(c)    None of the Grantors have any liabilities, claims against them, and presently outstanding notices imposed or based upon any provision of any Pharmaceutical Law, except for such liabilities, claims, citations or notices which individually or in the aggregate would not reasonably be expected to have a Material Adverse Effect.

4.9    HIPAA Compliance.
(a)    To the extent that and for so long as a Grantor is a “covered entity” within the meaning of HIPAA, and except as would not be reasonably expected to result in a Material Adverse Effect, such Grantor (i) has undertaken or will promptly undertake all applicable surveys, audits, inventories, reviews, analyses and/or assessments (including any required risk assessments) of all areas of its business and operations required by HIPAA and/or that could be adversely affected by failure of such Grantor to be HIPAA Compliant (as defined below); (ii) has developed or will promptly develop a detailed plan and time line for becoming HIPAA Compliant (a “HIPAA Compliance Plan”); and (iii) has implemented or will implement those provisions of such HIPAA Compliance Plan in all material respects necessary to ensure that such Grantor is or becomes HIPAA Compliant.
(b)    For purposes hereof, “HIPAA Compliant” shall mean that a Grantor to the extent legally required (i) is or will use commercially reasonable efforts to be in compliance in all material respects with each of the applicable requirements of the so-called “Administrative Simplification” provisions of HIPAA on and as of each date that any part thereof, or any final rule or regulation thereunder, becomes effective in accordance with its or their terms, as the case may be (each such date, a “HIPAA Compliance Date”) and (ii) is not and could not reasonably be expected to become, as of any date following any such HIPAA Compliance Date, the subject of any civil or criminal penalty, process, claim, action or proceeding, or any administrative or other regulatory review, survey, process or proceeding (other than routine surveys or reviews conducted by any government health plan or other accreditation entity) that could result in any of the foregoing or that has or could reasonably be expected to have a Material Adverse Effect.

4.10    Compliance with Health Care Laws.
(a)    Except as would not reasonably be expected to result in a Material Adverse Effect, each Grantor is in compliance with all Health Care Laws, including all Medicare and Medicaid program rules and regulations applicable to it. Without limiting the generality of the foregoing, except as would not be expected to result in a Material Adverse Effect, no Grantor has 

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received notice of any violation of any provisions of the Medicare and Medicaid Anti-Fraud and Abuse or Anti-Kickback Amendments of the Social Security Act (presently codified in Section 1128(B)(b) of the Social Security Act) or the Medicare and Medicaid Patient and Program Protection Act of 1987.
(b)    Except as would not reasonably be expected to result in a Material Adverse Effect, each Grantor has maintained all records required to be maintained by the Joint Commission on Accreditation of Healthcare Organizations, the Food and Drug Administration, Drug Enforcement Agency and State Boards of Pharmacy and the Federal and State Medicare and Medicaid programs as required by the Health Care Laws or other applicable law or regulation and each Grantor and the owners of the facilities and other businesses managed by any Grantor have all permits, licenses, franchises, certificates and other approvals or authorizations of Governmental Authority as are required under Health Care Laws and such insurance laws and regulations, as are applicable thereto.

4.11    Prescription Lists. Except as provided under applicable law, including any applicable Health Care Laws, Pharmaceutical Laws and privacy laws, and except as would not be expected to result in a Material Adverse Effect, (i) there are no limitations or restrictions on the rights of any Grantor to sell, transfer or otherwise assign any Prescription List to any third party; and (ii) each Prescription List is in good and marketable condition.

4.12    Certificated Pledged Collateral.  Except for those certificates, agreements or instruments to be delivered pursuant to Schedule 6.01(q) of the Credit Agreement, all certificates, agreements or instruments representing or evidencing the Pledged Collateral in existence on the date hereof have been delivered to the Control Co-Collateral Agent in suitable form for transfer by delivery or accompanied by duly executed instruments of transfer or assignment in blank and that the Control Co-Collateral Agent has a perfected security interest therein (subject only to Permitted Liens) having the priority set forth in the Intercreditor Agreement and the Financing Orders.

4.13    Uncertificated Pledged Collateral. The Control Co-Collateral Agent has a perfected security interest (subject only to Permitted Liens and the Financing Orders) in all uncertificated Pledged Collateral that is in existence on the date hereof under the UCC having the priority set forth in the Intercreditor Agreement and the Financing Orders.

4.14    Instruments and Chattel Paper. Except for those certificates, agreements or instruments to be delivered pursuant to Schedule 6.01(q) of the Credit Agreement,, each Grantor represents and warrants that all Instruments, Chattel Paper and Electronic Chattel Paper in listed on Schedule 4(a) of the Perfection Certificate have been delivered to the Control Co-Collateral Agent in suitable form for transfer by delivery or accompanied by duly executed instruments of transfer or assignment in blank and that the Control Co-Collateral Agent has a perfected security interest therein (subject only to Permitted Liens) having the priority set forth in the Intercreditor Agreement and the Financing Orders.

4.15    Commercial Tort Claims. As of the date hereof, each Grantor hereby represents and warrants that it holds no Commercial Tort Claims other than those listed in Schedule 12 of the Perfection Certificate.

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4.16    As-Extracted Collateral; Timber-to-be-Cut.  On the date hereof, such Grantor does not own, or expect to acquire, any property which constitutes, or would constitute, As-Extracted Collateral or Timber-to-be-Cut.  If at any time after the date hereof such Grantor owns, acquires or obtains rights to any As-Extracted Collateral or Timber-to-be-Cut, such Grantor shall promptly upon the acquisition or obtaining thereof furnish the Control Co-Collateral Agent with written notice thereof (which notice shall describe in reasonable detail the As-Extracted Collateral and/or Timber-to-be-Cut and the locations thereof) and shall take all actions as may be reasonably necessary or deemed desirable by the Control Co-Collateral Agent to perfect the security interest of the Control Co-Collateral Agent therein.

SECTION 5.    COVENANTS
Each Grantor covenants and agrees with the Co-Collateral Agents and the other Credit Parties that, until the Obligations (other than contingent indemnification obligations for which no claim shall have then been asserted) shall have been paid in full, no Letter of Credit shall be outstanding (unless the same has been Cash Collateralized or back-to-back letters of credit from an issuer and on terms acceptable to the Issuing Lender have been provided in respect of such Letters of Credit) and the Commitments shall have terminated:

5.1    Delivery of Instruments and Chattel Paper. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument, Chattel Paper or transferable records, such Instrument, Chattel Paper or transferable records shall be promptly (but in any event within 10 Business Days after acquisition thereof by such Grantor or such longer period as may be agreed to in writing by the Control Co-Collateral Agent in its sole discretion) delivered to the Control Co-Collateral Agent, duly indorsed in a manner satisfactory to the Control Co-Collateral Agent, to be held as Collateral pursuant to this Agreement.

5.2    Maintenance of Insurance. Such Grantor will maintain insurance as and to the extent required under the Credit Agreement.

5.3    Maintenance of Perfected Security Interest; Further Documentation. 
(a)    Such Grantor shall maintain the security interest created by this Agreement and the Financing Orders as a perfected security interest having at least the priority described in Section 4.2 and shall defend such security interest against the claims and demands of all Persons whomsoever, subject to the Financing Orders, the Intercreditor Agreement and the rights of such Grantor under the Loan Documents to dispose of the Collateral.
(b)    At any time and from time to time, upon the written request of the Co-Collateral Agents, and at the sole expense of such Grantor, such Grantor will promptly and duly execute and deliver, and have recorded, such further instruments and documents and take such further actions as the Co-Collateral Agents may reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted, including (i) the filing of financing statements, continuation statements and other documents (including this Agreement) under the Uniform Commercial Code (or other similar laws) in effect in any jurisdiction 

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with respect to the security interest created hereby, all in form and substance reasonably satisfactory to the Co-Collateral Agents and in such offices (including the United States Patent and Trademark Office and the United States Copyright Office) wherever required by law to perfect, continue and maintain the validity, enforceability and priority of the security interest in the Collateral as provided herein, in the Intercreditor Agreement and the Financing Orders and to preserve the other rights and interests granted to the Co-Collateral Agents hereunder, as against third parties, with respect to the Collateral, in each case, to the extent a security interest can be perfected by such filings and (ii) to the extent applicable, taking any actions necessary to enable the Co-Collateral Agents to obtain “control” (within the meaning of the applicable Uniform Commercial Code) with respect thereto.
(c)    If any Grantor shall, at any time after the date hereof, obtain any ownership or other rights in and to any additional Intellectual Property, then the provisions of this Agreement shall automatically apply thereto and any such Intellectual Property shall automatically constitute Collateral and shall be subject to the lien and security interest created by this Agreement and the Financing Orders, without further action by any party.  Each Grantor shall provide to the Control Co-Collateral Agent written notice of any such additional Intellectual Property which is the subject of a registration or application (including Intellectual Property which was theretofore unregistered and becomes the subject of a registration or application) and deliver to Control Co-Collateral Agent a Copyright Security Agreement, Patent Security Agreement or Trademark Security Agreement, as applicable, or such other instrument in form and substance reasonably acceptable to the Control Co-Collateral Agent, and undertake the filing of any instruments or statements as shall be reasonably necessary to create, record, preserve, protect or perfect the Control Co-Collateral Agent’s security interest in such Intellectual Property.  Such Grantor shall provide such notice and deliver the appropriate agreements and make any required filings (i) on a quarterly basis or such longer period as may be agreed to in writing by the Control Co-Collateral Agent in its sole discretion after such Grantor’s acquisition of any Intellectual Property rights (other than U.S. registered Copyrights) and (ii) on a monthly basis or such longer period as may be agreed to in writing by the Control Co-Collateral Agent in its sole discretion after such Grantor’s acquisition of any U.S registered Copyrights.  Further, each Grantor authorizes the Co-Collateral Agents to modify this Agreement by amending Schedule 4 to include any such after-acquired applications or registrations for Intellectual Property included in the Collateral (but the failure to so modify such schedule shall not be deemed to affect the Control Co-Collateral Agent’s security interest in such Intellectual Property).

5.4    Changes in Name, etc. Such Grantor will not, except upon 15 days’ prior written notice to the Co-Collateral Agents and delivery to the Co-Collateral Agents of all additional financing statements and other documents reasonably requested by the Co-Collateral Agents to maintain the validity, perfection and priority of the security interests provided for herein, change its organizational form from that of a registered entity to an unregistered entity (or from an unregistered entity to a registered entity) or change its jurisdiction of organization from that referred to in Section 4.3. Such Grantor will provide 15 days’ prior written notice to the Co-Collateral Agents of any change in its name or organizational form (other than changes in organizational form referred to in the immediately preceding sentence).

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5.5    Delivery of Pledged Collateral. Each Grantor hereby agrees that all certificates or instruments representing or evidencing the Pledged Collateral acquired by such Grantor after the date hereof shall promptly (but in any event within 10 Business Days after acquisition thereof] by such Grantor or such longer period as may be agreed to in writing by the Control Co-Collateral Agent in its sole discretion together with a Pledged Collateral Supplement) be delivered to and held by or on behalf of the Control Co-Collateral Agent pursuant hereto.  All certificates or instruments representing or evidencing the Pledged Collateral shall be in suitable form for transfer by delivery or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to the Control Co-Collateral Agent.  The Control Co-Collateral Agent shall have the right, at any time upon the occurrence and during the continuance of any Event of Default and subject to the Intercreditor Agreement, to endorse, assign or otherwise transfer to or to register in the name of the Control Co-Collateral Agent or any of its nominees or endorse for negotiation any or all of the Pledged Collateral, without any indication that such Pledged Collateral is subject to the security interest hereunder.  In addition, upon the occurrence and during the continuance of an Event of Default and subject to the Intercreditor Agreement, the Control Co-Collateral Agent shall have the right at any time to exchange certificates representing or evidencing Pledged Collateral for certificates of smaller or larger denominations.  

5.6    Perfection of Uncertificated Pledged Collateral. Each Grantor agrees that after the occurrence and during the continuation of an Event of Default and subject to the Intercreditor Agreement, upon request of the Control Co-Collateral Agent to (i) cause such pledge to be recorded on the equityholder register of the books of the issuer and give the Control Co-Collateral Agent the right to transfer any Pledged Equity in the pursuit of remedies under the terms hereof and (ii) cause any Pledged Equity to become certificated (to the extent possible under applicable law) and delivered to the Control Co-Collateral in accordance with the provisions of Section 5.5.

5.7    Voting Rights Etc.
(a)    So long as no Event of Default shall have occurred and be continuing, each Grantor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Pledged Equity or any part thereof for any purpose not inconsistent with the terms or purposes hereof, the Credit Agreement, the Financing Orders or any other document evidencing the Obligations.
(b)    So long as no Event of Default shall have occurred and be continuing, the Control Co-Collateral Agent shall be deemed without further action or formality to have granted to each Grantor all necessary consents relating to voting rights and shall, if necessary, upon written request of any Grantor and at the sole cost and expense of the Grantors, from time to time execute and deliver (or cause to be executed and delivered) to such Grantor all such instruments as such Grantor may reasonably request in order to permit such Grantor to exercise the voting and other rights which it is entitled to exercise pursuant to Section 5.7(a)(i) hereof or the Financing Orders and to receive the Distributions which it is authorized to receive and retain pursuant to Section 5.7(a)(ii) hereof or the Financing Orders.

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(c)    Upon the occurrence and during the continuance of any Event of Default, all rights of each Grantor to exercise the voting and other consensual rights it would otherwise be entitled to exercise pursuant to Section 5.7(a)(i) hereof shall immediately cease, and, subject to the terms of the Intercreditor Agreement and the Financing Orders, all such rights shall thereupon become vested in the Control Co-Collateral Agent, which shall thereupon have the sole right to exercise such voting and other consensual rights.
(d)    Each Grantor shall, at its sole cost and expense, from time to time execute and deliver to the Control Co-Collateral Agent appropriate instruments as the Control Co-Collateral Agent may reasonably request in order to permit the Control Co-Collateral Agent to exercise the voting and other rights which it may be entitled to exercise pursuant to Section 5.7(c).
(e)    Except as permitted by the Credit Agreement or the Financing Orders, without the prior written consent of the Control Co-Collateral Agent, no Grantor shall take any action to: (i) permit any issuer of any Pledged Equity that is a Grantor to issue any additional stock, partnership interests, limited liability company interests or other equity interests of any nature or to issue securities convertible into or granting the right of purchase or exchange for any stock or other equity interest of any nature of such issuer (provided that the foregoing shall not preclude equity investments in subsidiaries expressly permitted pursuant to the terms of the Credit Agreement) unless such Grantor shall promptly notify the Control Co-Collateral Agent in writing of any such action and, in such event, shall take all steps necessary or advisable to establish the Control Co-Collateral Agent’s “control” thereof, (ii) permit any issuer of any Pledged Equity to dispose of all or substantially all of their assets, (iii) (A) waive any default under or breach of any terms of organizational document relating to the issuer of any Pledged Equity or waive or amend the terms of any Pledged Debt or (B) forgive any amount owed pursuant to any Pledged Debt, or (iv) cause any issuer of any Pledged Equity which is not a security (for purposes of the UCC) on the date hereof to elect or otherwise take any action to cause such Pledged Equity to be treated as securities for purposes of the UCC.

5.8    Certain Agreements of Grantors As Issuers and Holders of Equity Interests.
(a)    In the case of each Grantor which is an issuer of Pledged Collateral, such Grantor agrees to be bound by the terms of this Agreement relating to the Pledged Collateral issued by it and will comply with such terms insofar as such terms are applicable to it.
(b)    In the case of each Grantor which is a partner, shareholder or member, as the case may be, in a partnership, limited liability company or other entity, such Grantor hereby consents to the extent required by the applicable organizational document to the pledge by each other Grantor, pursuant to the terms hereof, of the Pledged Collateral in such partnership, limited liability company or other entity and, upon the occurrence and during the continuance of an Event of Default and subject to the Intercreditor Agreement, to the transfer of such Pledged Collateral to the Control Co-Collateral Agent or its nominee and to the substitution of the Control Co-Collateral 

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Agent or its nominee as a substituted partner, shareholder or member in such partnership, limited liability company or other entity with all the rights, powers and duties of a general partner, limited partner, shareholder or member, as the case may be.

5.9    Commercial Tort Claims. If any Grantor shall at any time after the date hereof hold or acquire a Commercial Tort Claim, such Grantor shall, promptly following such acquisition, notify the Control Co-Collateral Agent thereof in a writing signed by such Grantor and reasonably describing the details thereof and shall grant to the Control Co-Collateral Agent in such writing a security interest therein (subject to Permitted Liens) and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Control Co-Collateral Agent.

5.10    Securities Accounts. Each Grantor shall deliver a Securities Account Control Agreement to the Control Co-Collateral Agent within 30 days of the Effective Date with respect to each Securities Account existing on the Effective Date, and, with respect to any Securities Account established or acquired after the Effective Date, within 30 days of the date so acquired or established (or such later date as may be agreed to in writing by the Control Co-Collateral Agent in its sole discretion). Each Grantor shall take all actions necessary to establish the Control Co-Collateral Agent’s control of each such Securities Account.   Each Grantor shall be the sole account holder of each Securities Account maintained by it and, subject to the terms of the Intercreditor Agreement and the Financing Orders, shall not allow any other Person to have control over a Securities Account or any Property deposited therein.  Each Grantor shall promptly notify the Control Co-Collateral Agent of any opening or closing of a Securities Account and will amend Schedule 2(a) of the Perfection Certificate to reflect same.  Notwithstanding any other provisions contained in any Loan Documents, the Borrower and the other Grantors shall not open or close any Securities Account during the occurrence of an Event of Default without the Control Co-Collateral Agent’s advance written consent.

5.11    Protection and Maintenance of Intellectual Property Collateral.  On a continuing basis, each Grantor shall, at its sole cost and expense:
(a)    promptly following its becoming aware thereof, notify the Control Co-Collateral Agent of (i) the institution of any proceeding in any court or administrative body or in the United States Patent and Trademark Office or the United States Copyright Office or any foreign counterpart, or any adverse determination in any such proceeding (other than office actions or other determinations in the ordinary course of prosecution before the United States Patent and Trademark Office or the United States Copyright Office or any foreign counterpart), regarding the validity or enforceability of any material Intellectual Property included in the Collateral, or such Grantor’s right to register, own or use such material Intellectual Property; or (ii) any event which may be reasonably expected to materially and adversely affect the value of any material Intellectual Property included in the Collateral or the Intellectual Property of the Grantors, taken as a whole, or the rights and remedies of the Co-Collateral Agents in relation thereto;
(b)    all reasonable steps, including in the United States Patent and Trademark Office, the United States Copyright Office and any other governmental authority located in the United States, or any similar office in any state or other country or any political subdivision 

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thereof, to maintain the validity and enforceability of any material registered Intellectual Property (or applications therefor) included in the Collateral in full force and effect, and not permit to become abandoned, dedicated to the public, or permitted to lapse any material Intellectual Property included in the Collateral, except as permitted by the Credit Agreement;
(c)    pursue the registration and maintenance of each material Patent, Trademark, or Copyright registration or application of such Grantor included in the Collateral, including the payment of required fees and taxes, the filing of responses to office actions issued by the United States Patent and Trademark Office, the United States Copyright Office or other governmental authorities in the United States (or any similar office in any other country or any political subdivision thereof), the filing of applications for renewal or extension, the filing of affidavits under Sections 8 and 15 of the United States Trademark Act, the filing of divisional, continuation, continuation-in-part, reissue and renewal applications or extensions, the payment of maintenance fees and the participation in interference, reexamination, opposition, cancellation, infringement and misappropriation proceedings;
(d)    take commercially reasonable action to prosecute infringements, dilutions and other violations of material Intellectual Property included in the Collateral, including commencement of a suit, and not settle or compromise any pending or future litigation or administrative proceeding with respect to any Intellectual Property included in the Collateral, except as shall be consistent with commercially reasonable business judgment;
(e)    not license any Intellectual Property included in the Collateral,  except as permitted by the Credit Agreement, or consent to amend any Intellectual Property License in a manner that materially and adversely affects the right of such Grantor to receive payments thereunder, or in any manner that would materially impair the security interest on the Intellectual Property included in the Collateral created hereby;
(f)    take all reasonable and necessary steps to maintain and preserve the benefit of each Trademark License, Copyright License and Patent License to the extent that the use of such Intellectual Property would be reasonably necessary in connection with the Co-Collateral Agents’ enforcement of any of its remedies under the Loan Documents;
(g)    without limiting the Co-Collateral Agents’ rights and each Grantor’s obligations under Section 6.7 below, furnish to the Co-Collateral Agents from time to time upon either Co-Collateral Agent’s request but, in the case of all Intellectual Property other than U.S. registered Copyrights, not more often than once each quarter and in the case of U.S. registered Copyrights, not more often than once each month, reasonably detailed statements and amended schedules further identifying and describing the Intellectual Property included in the Collateral and such other materials evidencing or reports pertaining to any Intellectual Property included in the Collateral as either Co-Collateral Agent may reasonably request;
(h)    use proper notice of registration in connection with its use of registered Trademarks and Patents, and notice of Copyright in connection with the publication of Copyrights, in each case, to the extent required under applicable law; and

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(i)    maintain the level of quality of products sold and services rendered under material Trademarks owned by such Grantor at a level at least consistent with the quality of such products and services as of the date hereof, and adequately control the quality of goods and services offered by any licensees of its material Trademarks to maintain such standards.

SECTION 6.    REMEDIAL PROVISIONS

6.1    Certain Matters Relating to Credit Card Accounts Receivable and Pharmacy Receivables.  (a) Any payments of Credit Card Accounts Receivable and Pharmacy Receivables, when collected by any Grantor, shall be transferred and maintained in accordance with Section 6.01(m) of the Credit Agreement.
(a)    At the Co-Collateral Agents’ request, at any time after the occurrence and during the continuance of an Event of Default, each Grantor shall deliver to the Co-Collateral Agents all original and other documents evidencing, and relating to, the agreements and transactions which gave rise to any Receivable, including, without limitation, all original orders, invoices and shipping receipts.

6.2    Communications with Obligors; Grantors Remain Liable.  (a) Each Co-Collateral Agent in its own name or in the name of others may at any time communicate with obligors under any Receivable to verify with them to such Co-Collateral Agent’s satisfaction the existence, amount and terms of any Receivable.
(b)    Upon the request of the Co-Collateral Agents at any time after the occurrence and during the continuance of an Event of Default, each Grantor shall notify obligors on the Credit Card Accounts Receivable and the Pharmacy Receivables that the Credit Card Accounts Receivable and the Pharmacy Receivables have been assigned to the Co-Collateral Agents for the ratable benefit of the Credit Parties and that payments in respect thereof shall be made directly to the Control Co-Collateral Agent.
(c)    Anything herein to the contrary notwithstanding, each Grantor shall remain liable under each of the Receivables to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise thereto. No Co-Collateral Agent nor any other Credit Party shall have any obligation or liability under any Receivable (or any agreement giving rise thereto) by reason of or arising out of this Agreement or the receipt by any Co-Collateral Agent or any other Credit Party of any payment relating thereto, nor shall any Co-Collateral Agent or any other Credit Party be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Receivable (or any agreement giving rise thereto), to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any performance by any party thereunder, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times.

6.3    (Intentionally Omitted)

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6.4    Application of Proceeds.  If an Event of Default shall have occurred and be continuing and the Obligations shall have been accelerated or a Liquidation shall have been commenced, except as otherwise agreed by all Lenders and subject to the Financing Orders and the terms of the Intercreditor Agreement, the Agent shall apply all or any part of Proceeds constituting Collateral, whether or not held in the Agent’s Account, and any proceeds of the guarantee set forth in Section 2 hereof, in payment of the Obligations in accordance with Section 7.03 of the Credit Agreement. 

6.5    Code and Other Remedies.  Subject (i) to the terms of the Interim Financing Order or, after entry thereof, the Final Financing Order, (ii) the terms of the Intercreditor Agreement and (iii) to the delivery of any notice expressly required pursuant to Section 7.02 of the Credit Agreement and the expiry of any notice period applicable to the exercise of such right or remedy:
(a)    If an Event of Default shall occur and be continuing, the Co-Collateral Agents, on behalf of the Credit Parties, may (and at the direction of the Required Lenders shall) exercise, in addition to all other rights and remedies granted to them in this Agreement and in any other instrument or agreement securing, evidencing or relating to the Obligations, all rights and remedies of a secured party under the New York UCC or any other applicable law. Without limiting the generality of the foregoing, the Co-Collateral Agents, without demand of performance or other demand, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to below) to or upon any Grantor or any other Person (all and each of which demands, defenses, advertisements and notices are hereby waived), may (and at the direction of the Required Lenders shall) in such circumstances forthwith collect, receive, appropriate and realize upon the Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give option or options to purchase, or otherwise dispose of and deliver the Collateral or any part thereof (or contract to do any of the foregoing), in one or more parcels at public or private sale or sales, at any exchange, broker’s board or office of any Co-Collateral Agent or any Credit Party or elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may deem best, for cash or on credit or for future delivery without assumption of any credit risk. Each purchaser at any such sale shall hold the property sold absolutely, free from any claim or right on the part of any Grantor. Subject to any applicable provisions of the Financing Orders and the terms of the Intercreditor Agreement, the Co-Collateral Agents or any other Credit Party shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such private sale or sales, to purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption, stay, valuation or appraisal on the part of any Grantor, which right or equity is hereby waived and released, and may credit against the purchase price the amount of any claim then due and payable from any Grantor on account of the Obligations owed to the Co-Collateral Agents or any other Credit Party, and the Co-Collateral Agents or such other Credit Party may, upon compliance with the terms of sale, hold, retain and dispose of such property without further accountability to any Grantor therefor. Each Grantor further agrees, at the Co-Collateral Agents’ request, to assemble the Collateral and make it available to the Co-Collateral Agents at the Grantor’s sole risk and expense, at places which the Co-Collateral Agents shall reasonably select, whether at such Grantor’s premises or elsewhere. The Co-Collateral Agents shall apply the net proceeds of any action taken by it pursuant to this Section 6.5, after deducting all reasonable costs and expenses of every kind incurred in connection therewith or incidental to the care or safekeeping of any of the Collateral or in any way 

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relating to the Collateral or the rights of the Co-Collateral Agents and the other Credit Parties hereunder, including reasonable attorneys’ fees and disbursements, to the payment in whole or in part of the Obligations, in the order set forth in Section 6.4, and only after such application and after the payment by the Co-Collateral Agents of any other amount required by any provision of law, including Section 9¬615(a)(3) of the New York UCC, need the Co-Collateral Agents account for the surplus, if any, to any Grantor. To the extent permitted by applicable law, each Grantor waives all claims, damages and demands it may acquire against any Co-Collateral Agent or any other Credit Party arising out of the exercise by them of any rights hereunder. If any notice of a proposed sale or other disposition of Collateral shall be required by law, such notice shall be deemed reasonable and proper if given at least 10 days before such sale or other disposition. No Co-Collateral Agent shall be obligated to make any sale or other disposition of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale or other disposition of such Collateral shall have been given. The Co-Collateral Agents may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned. Any public sale shall be held at such time or times within ordinary business hours and at such place or places as the Co-Collateral Agents may fix and state in the notice of such sale. If any of the Collateral is sold, leased, or otherwise disposed of by the Co-Collateral Agents on credit, the Obligations shall not be deemed to have been reduced as a result thereof unless and until payment is finally received thereon by the Co-Collateral Agents.
(b)    If an Event of Default shall occur and be continuing, with respect to any Collateral consisting of Inventory, the Co-Collateral Agents may, subject to the Financing Orders and the terms of the Intercreditor Agreement, conduct one or more going out of business sales, in the Co-Collateral Agents’ own right or by one or more Agent Professionals. Such sale(s) may be conducted upon any premises owned, leased, or occupied by any Grantor. The Co-Collateral Agents and any such Agent Professional in conjunction with any such sale, may augment the Inventory with other goods (all of which other goods shall remain the sole property of the Co-Collateral Agents or such Agent Professional). Any amounts realized from the sale of such goods which constitute augmentations to the Inventory (net of an allocable share of the costs and expenses incurred in their disposition) shall be the sole property of the Co-Collateral Agents or such Agent Professional and neither any Grantor nor any Person claiming under or in right of any Grantor shall have any interest therein. Each purchaser at any such going out of business sale shall hold the property sold absolutely, free from any claim or right on the part of any Grantor.
(c)    If an Event of Default shall occur and be continuing, with respect to any Collateral consisting of Accounts, the Co-Collateral Agents may, subject to the Financing Orders and the terms of the Intercreditor Agreement: (i) demand, collect and receive any amounts relating thereto, as the Co-Collateral Agents may reasonably determine; (ii) commence and prosecute any actions in any court for the purposes of collecting any such Accounts and enforcing any other rights in respect thereof; (iii) defend, settle or compromise any action brought and, in connection therewith, give such discharges or releases as the Co-Collateral Agents may reasonably deem appropriate; (iv) without limiting the Co-Collateral Agents’ rights set forth in Section 7.1, receive, open and dispose of mail addressed to any Grantor and endorse checks, notes, drafts, acceptances, money orders, bills of lading, warehouse receipts or other instruments or documents evidencing payment, shipment or 

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storage of the goods giving rise to such Accounts or securing or relating to such Accounts, on behalf of and in the name of such Grantor; and (v) sell, assign, transfer, make any agreement in respect of, or otherwise deal with or exercise rights in respect of, any such Accounts or the goods or services which have given rise thereto, as fully and completely as though the Co-Collateral Agents were the absolute owner thereof for all purposes.
(d)    If an Event of Default shall occur and be continuing, with or without legal process and with or without prior notice or demand for performance, the Co-Collateral Agents may, subject to the Financing Orders and the terms of the Intercreditor Agreement, enter upon, occupy, and use any premises owned or occupied by each Grantor. The Co-Collateral Agents shall not be required to remove any of the Collateral from any such premises upon the Co-Collateral Agents taking possession thereof, and may render any Collateral unusable to the Grantors. In no event shall the Co-Collateral Agents be liable to any Grantor for use or occupancy by the Co-Collateral Agents of any premises pursuant to this Section 6.5, nor for any charge (such as wages for the Grantors’ employees and utilities) reasonably incurred in connection with the Co-Collateral Agents’ exercise of the Co-Collateral Agents’ rights and remedies hereunder.
(e)    For purposes of this Section 6.5, a written and fully executed agreement to purchase the Collateral or any portion thereof shall be treated as a sale thereof. The Co-Collateral Agents shall be free to carry out such sale pursuant to such agreement and no Grantor shall be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the Co-Collateral Agents shall have entered into such an agreement all Events of Default shall have been remedied and the Obligations paid in full.
(f)    To the extent permitted by applicable law and the Financing Orders, each Grantor hereby waives all rights of redemption, stay, valuation and appraisal which such Grantor now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted.

6.6    Deficiency. Subject to the Financing Orders and the terms of the Intercreditor Agreement, each Grantor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its Obligations and the fees and disbursements of any attorneys employed by the Co-Collateral Agents or any other Credit Party to collect such deficiency.

6.7    Grant of License in Intellectual Property, Software and other Assets. The Agent and the Co-Collateral Agents are hereby granted an irrevocable, non-exclusive license or other right to use, license or sub-license (without payment of royalty or other compensation to any Person) any or all Intellectual Property, computer hardware and software, trade secrets, brochures, customer lists, promotional and advertising materials, labels, packaging materials and other Property owned by any Loan Party, in advertising for sale, marketing, selling, collecting, completing manufacture of, or otherwise exercising any rights or remedies with respect to, any Collateral in each case after the occurrence, and solely during the continuance, of an Event of Default.  To the extent the Loan Parties may lawfully do so, the Agent and the Co-Collateral Agents (together with their respective agents, representatives and designees) are hereby granted a non-exclusive right to have access to, and a rent-free right to use, any and all owned or leased locations (including, without 

30

limitation, warehouse locations, distribution centers and Store locations) for the purpose of arranging for and effecting the sale or disposition of Collateral, including the production, completion, packaging and other preparation of such Collateral for sale or disposition (it being understood and agreed that the Agent and its representatives (and persons employed on their behalf), may continue to operate, service, maintain, process and sell the Collateral, as well as to engage in bulk sales of Collateral).  Upon the occurrence and during the continuance of an Event of Default and the exercise by the Agent, either Co-Collateral Agent or Lenders of their rights and remedies under this Loan Agreement and the other Loan Documents, the Loan Parties shall assist the Agent, the Co-Collateral Agents and Lenders in effecting a sale or other disposition of the Collateral upon such terms as are reasonably acceptable to the Agent.

SECTION 7.    THE CO-COLLATERAL AGENTS

7.1    Co-Collateral Agent’s Appointment as Attorney-in-Fact, etc.
(a)    Each Grantor hereby irrevocably constitutes and appoints each Co-Collateral Agent and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives each Co-Collateral Agent the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any or all of the following (in each case, subject to the Financing Orders and the terms of the Intercreditor Agreement):
(i)    in the name of such Grantor or its own name, or otherwise, take possession of and indorse and collect any checks, drafts, notes, acceptances or other instruments for the payment of moneys due under any Receivables or with respect to any other Collateral and file any claim or take any other action or proceeding in any court of law or equity or otherwise deemed appropriate by the Co-Collateral Agents for the purpose of collecting any and all such moneys due under any Receivables or with respect to any other Collateral whenever payable;
(ii)    pay or discharge taxes and Liens levied or placed on or threatened against the Collateral, effect any repairs or any insurance called for by the terms of this Agreement and pay all or any part of the premiums therefor and the costs thereof;
(iii)    execute, in connection with any sale provided for in Section 6.5, any indorsements, assignments or other instruments of conveyance or transfer with respect to the Collateral; and

31

(iv)    (1) direct any party liable for any payment under any of the Collateral to make payment of any and all moneys due or to become due thereunder directly to the Agent, or as the Co-Collateral Agents shall direct; (2) ask or demand for, collect, and receive payment of and receipt for, any and all moneys, claims and other amounts due or to become due at any time in respect of or arising out of any Collateral; (3) sign and indorse any invoices, freight or express bills, bills of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications, notices and other documents in connection with any of the Collateral; (4) commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect the Collateral or any portion thereof and to enforce any other right in respect of any Collateral; (5) defend any suit, action or proceeding brought against such Grantor with respect to any Collateral; (6) settle, compromise or adjust any such suit, action or proceeding and, in connection therewith, give such discharges or releases as the Co-Collateral Agents may deem appropriate; and (7) generally, sell, transfer, pledge and make any agreement with respect to or otherwise deal with any of the Collateral as fully and completely as though the Co-Collateral Agents were the absolute owner thereof for all purposes, and do, at the Co-Collateral Agents’ option and such Grantor’s expense, at any time, or from time to time, all acts and things which the Co-Collateral Agents deems necessary to protect, preserve or realize upon the Collateral and the Co-Collateral Agents’ and the other Credit Parties security interests therein and to effect the intent of this Agreement and the Financing Orders, all as fully and effectively as such Grantor might do.
Anything in this Section 7.1(a) to the contrary notwithstanding, the Co-Collateral Agents agree that they will not exercise any rights under the power of attorney provided for in this Section 7.1(a) unless an Event of Default shall have occurred and be continuing.
(b)    If any Grantor fails to perform or comply with any of its agreements contained herein, the Co-Collateral Agents, at their option, but without any obligation so to do, may perform or comply, or otherwise cause performance or compliance, with such agreement.
(c)    Without limitation to any Co-Collateral Agent’s or any other Credit Party’s rights to payment, reimbursement or indemnification under any other Loan Document but subject in all respects to the Financing Orders and the terms of the Intercreditor Agreement, the expenses of the Co-Collateral Agents incurred in connection with actions undertaken as provided in Sections 7.1 and 8.4, together with interest thereon at a rate per annum equal to the highest rate per annum at which interest would then be payable on any category of past due Base Rate Advances made by the Lenders under the Credit Agreement, from the date of payment by any such Co-Collateral Agent to the date reimbursed by the relevant Grantor, shall be payable by such Grantor to the Co-Collateral Agents on demand.
(d)    Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof. All powers, authorizations and agencies contained in this 

32

Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released.

7.2    Duty of Co-Collateral Agents. Each Co-Collateral Agent’s sole duty with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9-207 of the New York UCC or otherwise, shall be to deal with it in the same manner as such Co-Collateral Agent deals with similar property for its own account. Neither the Co-Collateral Agents nor any other Credit Party nor any of their respective officers, directors, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any Grantor or any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof. The powers conferred on the Co-Collateral Agents and the other Credit Parties hereunder are solely to protect the Co-Collateral Agents’ and the other Credit Parties interests in the Collateral and shall not impose any duty upon the Co-Collateral Agents or any other Credit Party to exercise any such powers. The Co-Collateral Agents and the other Credit Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct, as determined by a final and non-appealable judgment of a court of competent jurisdiction.

7.3    Execution of Financing Statements and Intellectual Property Security Agreements. 
(a)    Each Grantor authorizes the Co-Collateral Agents to file or record financing statements and other filing or recording documents or instruments with respect to the Collateral without the signature of such Grantor in such form and in such offices as the Co-Collateral Agents (and all officers, employees, agents or counsel designated by any Co-Collateral Agents) determine appropriate to perfect the security interests of the Co-Collateral Agents under this Agreement. Each Grantor hereby ratifies and authorizes the filing by the Co-Collateral Agents of any financing statement with respect to the Collateral made prior to the date hereof.  For the avoidance of doubt, upon the entry by the Bankruptcy Court of the Financing Orders, all Liens created by the Security Documents in favor of the Control Co-Collateral Agent shall be perfected as set forth in such Financing Order, notwithstanding any failure to make (or the terms of) any filings in any jurisdiction.
(b)    Each Grantor authorizes the Co-Collateral Agents to execute on its own behalf and on the Grantor’s behalf pursuant to the power of attorney set forth in Section 7.1, and/or to file filings with the United States Patent and Trademark Office or United States Copyright Office (or any successor office or any similar office in any state, political subdivision or other country), as applicable, including in the form of the Copyright Security Agreement, the Patent Security Agreement and the Trademark Security Agreement in the forms attached as Exhibits A, B and C hereto, as applicable, or other similar documents, and to take such other actions as may be necessary or advisable for the purpose of perfecting, recording, confirming, continuing, enforcing 

33

or protecting the security interest granted by such Grantor hereunder, without the signature of such Grantor, and naming such Grantor, as debtor, and the Control Co-Collateral Agent, as secured party.

7.4    Authority of the Co-Collateral Agents and the Control Co-Collateral Agent.
(a)    Each Grantor acknowledges that the rights and responsibilities of the Co-Collateral Agents under this Agreement with respect to any action taken by the Co-Collateral Agents or the exercise or non-exercise by the Co-Collateral Agents of any request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Co-Collateral Agents and the other Credit Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Co-Collateral Agents and the Grantors, the Co-Collateral Agents shall be conclusively presumed to be acting as agent for the Credit Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation, or entitlement, to make any inquiry respecting such authority.
(b)    Wells Fargo Bank, National Association hereby appoints Bank of America, N.A., in its capacity as a Co-Collateral Agent, as agent to the Co-Collateral Agents for purposes of filing financing statements and entering into Blocked Account Agreements and other control agreements, in connection with the perfection of a security interest in the Collateral which was granted for the benefit of the Credit Parties (the “Control Co-Collateral Agent”). Each Grantor acknowledges that any and all actions to be taken by the Co-Collateral Agents hereunder shall be taken individually by the Control Co-Collateral Agent, and all such actions shall have the full force and effect as though taken jointly by all the Co-Collateral Agents.

SECTION 8.    MISCELLANEOUS

8.1    Amendments in Writing. Subject to the approval of the Bankruptcy Court (to the extent required pursuant to the Financing Orders), no amendment, modification or waiver of any provision hereof, and no consent to any departure by any Grantor therefrom shall be effective (i) unless the same shall be made in accordance with the terms of the Credit Agreement and (ii) in writing signed by the Co-Collateral Agents and the Borrowers. 
 

8.2    Notices. All notices, requests and demands to or upon the Co-Collateral Agents or any Grantor hereunder shall be effected in the manner provided for in Section 9.02 of the Credit Agreement; provided that any such notice, request or demand to or upon any Grantor shall be addressed to such Grantor at its notice address set forth on Schedule 1.

8.3    No Waiver by Course of Conduct Cumulative Remedies. Neither the Co-Collateral Agents nor any other Credit Party shall by any act (except by a written instrument pursuant to Section 8.1), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Default or Event of Default. No failure to exercise, nor any delay in exercising, on the part of any Co-Collateral Agent or any other Credit Party, any 

34

right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the Co-Collateral Agents or any other Credit Party of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which the Co-Collateral Agents or such other Credit Party would otherwise have on any future occasion. The rights and remedies herein provided are cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or remedies provided by law.

8.4    Enforcement Expenses; Indemnification. Without limitation to any Co-Collateral Agent’s or any other Credit Party’s rights to payment, reimbursement or indemnification under any other Loan Document or the Financing Orders:
(a)    each Grantor jointly and severally agrees to pay or reimburse each Co-Collateral Agent and the other Credit Parties for all their costs and expenses incurred in collecting against any Grantor under the guarantee contained in Section 2 or otherwise enforcing or preserving any rights under this Agreement and the other Loan Documents, including the fees and disbursements of the Credit Parties’ counsel in accordance with the terms of the Credit Agreement and the Financing Orders;
(b)    each Grantor agrees to pay, and to save the Co-Collateral Agents and the other Credit Parties harmless from, any and all liabilities with respect to, or resulting from any delay in paying, any and all stamp, excise, sales or other taxes which may be payable or determined to be payable with respect to any of the Collateral or in connection with any of the transactions contemplated by this Agreement and the other Loan Documents;
(c)    each Grantor agrees to pay, and to save the Co-Collateral Agents and the other Credit Parties harmless from, any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of this Agreement and the other Loan Documents to the extent the Borrowers would be required to do so pursuant to Section 9.04 of the Credit Agreement or the Financing Orders; and
(d)    to the fullest extent permitted by applicable Law, no Grantor shall assert, and each Grantor hereby waives, any claim against any Co-Collateral Agent and the other Credit Parties, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, or the transactions contemplated hereby or thereby. No Co-Collateral Agent or any other Credit Party shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by any such Co-Collateral Agent or other Credit Party through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Co-Collateral Agent or other Credit Party as determined by a final and non-appealable judgment of a court of competent jurisdiction.

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(e)    The agreements in this Section 8.4 shall survive repayment of the Obligations and all other amounts payable under the Credit Agreement and the other Loan Documents, the termination of the Commitments, the release of the Collateral from the Liens created hereby and the termination of this Agreement.

8.5    Successors and Assigns. This Agreement shall be binding upon the successors and assigns of each Grantor and shall inure to the benefit of the Co-Collateral Agents and the other Credit Parties and their successors and assigns; provided that no Grantor may assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of the Co-Collateral Agents.

8.6    Set-Off. Subject to the Bankruptcy Code and the Financing Orders, each Grantor hereby irrevocably authorizes each Co-Collateral Agent and each of the other Credit Parties at any time and from time to time while an Event of Default shall have occurred and be continuing, without notice to such Grantor or any other Grantor, any such notice being expressly waived by each Grantor, to set-off and appropriate and apply any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, at any time held or owing by any such Co-Collateral Agent or other Credit Party to or for the credit or the account of such Grantor, or any part thereof in such amounts as such Co-Collateral Agent or other Credit Party may elect, against and on account of the obligations and liabilities of such Grantor to such Co-Collateral Agent or other Credit Party hereunder and claims of every nature and description of such Co-Collateral Agent or other Credit Party against such Grantor, in any currency, whether arising hereunder, under the Credit Agreement, any other Loan Document, any Cash Management Services, any Bank Product or otherwise, as such Co-Collateral Agent or other Credit Party may elect, whether or not any Co-Collateral Agent or any other Credit Party has made any demand for payment. The applicable Co-Collateral Agent or Credit Party shall notify such Grantor promptly of any such set-off and the application made by such Co-Collateral Agent or other Credit Party of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Co-Collateral Agents and the other Credit Parties under this Section 8.6 are in addition to other rights and remedies (including other rights of set-off) which the Co-Collateral Agents and the other Credit Parties may have.

8.7    Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by telecopier or electronic mail of “PDF” file shall be effective as delivery of a manually executed counterpart of this Agreement.

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

36

8.9    Section Headings. The Section headings used in this Agreement are for convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof.

8.10    Integration. This Agreement and the other Loan Documents represent the agreement of the Grantors, the Co-Collateral Agents and the other Credit Parties with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Co-Collateral Agents or the other Credit Parties relative to subject matter hereof and thereof not expressly set forth or referred to herein or in the other Loan Documents.

8.11    GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK (AND, TO THE EXTENT APPLICABLE, THE BANKRUPTCY CODE), WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW BUT INCLUDING SECTIONS 5-1401 and 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW.

8.12    Intentionally Omitted

8.13    Acknowledgements. Each Grantor hereby acknowledges that:
(a)    it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents to which it is a party;
(b)    neither the Co-Collateral Agents nor any other Credit Party has any fiduciary relationship with or duty to any Grantor arising out of or in connection with this Agreement, any of the other Loan Documents, any Cash Management Service or any Bank Product, and the relationship between the Grantors, on the one hand, and the Co-Collateral Agents and the other Credit Parties, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and
(c)    no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions contemplated hereby among the Credit Parties or among the Grantors and the Credit Parties.

8.14    Additional Grantors. Each Subsidiary of the Borrowers that is required to become a party to this Agreement pursuant to Section 6.01(i) of the Credit Agreement shall become a Grantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement in the form of Annex 1 hereto.

8.15    Releases. (a) This Agreement, the Lien in favor of the Co-Collateral Agents (for the benefit of the Credit Parties) and all other security interests granted hereby shall terminate with respect to all Obligations at such time as the Advances, the Term Loan, the Reimbursement Obligations and all other Obligations shall have been paid in full in cash, the Commitments have been terminated and no Letters of Credit shall be outstanding (or any outstanding L/C Obligations shall have been Cash Collateralized or back-to-back letters of credit from an issuer and on terms acceptable to the Issuing Lenders have been provided in respect of such Letters of Credit), the 

37

Collateral shall be released from the Liens created by the Security Documents, and the Security Documents and all obligations (other than those expressly stated to survive such termination) of the Co-Collateral Agents and each Loan Party under the Security Documents shall terminate, all without delivery of any instrument or performance of any act by any Person. At the request and sole expense of any Grantor following any such termination, the Co-Collateral Agents shall deliver to such Grantor any Collateral held by the Co-Collateral Agents hereunder, and execute and deliver to such Grantor such documents as such Grantor shall reasonably request to evidence such termination.
(a)    If any of the Collateral shall be sold, transferred or otherwise disposed of by any Grantor in connection with a Permitted Disposition, the Co-Collateral Agents hereby agree to take any action requested by the Borrowers pursuant to Section 9.13(a) of the Credit Agreement.

8.16    Jurisdiction, Etc.
Section 9.11 of the Credit Agreement is hereby incorporated by reference and shall apply as if fully set forth herein, mutatis mutandis. 

8.17    WAIVER OF JURY TRIAL. EACH GRANTOR HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS OR THE ACTIONS OF THE AGENT, THE CO-COLLATERAL AGENTS OR ANY LENDER IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT THEREOF.

8.18    Interim DIP Term Sheet Guaranty and Collateral Provisions. This Agreement shall amend and restate the guarantee and security provisions of the Interim DIP Term Sheet in their entirety, without novation, and the rights and obligations of the parties under the guarantee and security provisions of the Interim DIP Term Sheet shall be subsumed within and be governed by this Agreement.

8.19    Intercreditor Agreement. Notwithstanding anything herein to the contrary, the Liens and security interests granted to the Co-Collateral Agents pursuant to this Agreement and the Financing Orders and the exercise of any right or remedy by either Co-Collateral Agent hereunder are subject to the provisions of the Intercreditor Agreement.  In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Agreement, the terms of the Intercreditor Agreement shall control.

8.20    Financing Orders. Notwithstanding anything herein to the contrary, the provisions of this Agreement are subject to the provisions of the Financing Orders, in all respects. If any provision in this Agreement conflicts with any provision in the Financing Orders,  the provisions in the applicable Financing Order shall control.
[Remainder of page intentionally left blank]

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39

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

 
SEARS ROEBUCK ACCEPTANCE CORP. 
 
By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Chief Financial Officer
KMART CORPORATION 
 
By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Chief Financial Officer
SEARS HOLDINGS CORPORATION 
 
By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Chief Financial Officer    
A&E FACTORY SERVICE, LLC            
A&E HOME DELIVERY, LLC     
A&E LAWN & GARDEN, LLC
A&E SIGNATURE SERVICE, LLC
PRIVATE BRANDS, LTD.
SEARS BRANDS MANAGEMENT CORPORATION

Signature Page to DIP Guarantee and Collateral Agreement

SEARS PROTECTION COMPANY        
SEARS PROTECTION COMPANY (FLORIDA), L.L.C.
SEARS, ROEBUCK DE PUERTO RICO, INC.
KLC, INC.
KMART OF MICHIGAN, INC.
By:    /s/ Robert A. Riecker 
Name: Robert A. Riecker 
Title: Vice President
CALIFORNIA BUILDER APPLIANCES, INC.
FLORIDA BUILDER APPLIANCES, INC.
KMART HOLDING CORPORATION
KMART OPERATIONS LLC
SEARS OPERATIONS LLC
SEARS, ROEBUCK AND CO.

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Chief Financial Officer 

Signature Page to DIP Guarantee and Collateral Agreement

SEARS HOLDINGS MANAGEMENT
CORPORATION
SEARS HOME IMPROVEMENT PRODUCTS,
INC.
SOE, INC.
STARWEST, LLC 

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: President

KMART OF WASHINGTON LLC
KMART STORES OF ILLINOIS LLC
KMART STORES OF TEXAS LLC
MYGOFER LLC
By: Kmart Corporation, its Member

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Chief Financial Officer

KMART.COM LLC
By: BlueLight.com, Inc., its Member

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Vice President

FBA HOLDINGS, INC.

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Chief Financial Officer

INNOVEL SOLUTIONS, INC.

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Chief Financial Officer

MAXSERV, INC.

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Vice President

Signature Page to DIP Guarantee and Collateral Agreement

SEARS DEVELOPMENT CO.

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: President

BIG BEAVER OF FLORIDA DEVELOPMENT, LLC

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: President

KBL HOLDINGS, INC.

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Vice President

SEARS BRAND BUSINESS UNIT CORPORATION 

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Vice President

SHC DESERT SPRINGS, LLC
By: Kmart Corporation, its Member

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Chief Financial Officer

STI MERCHANDISING, INC.

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: President

TROY COOLIDGE NO. 13, LLC
By: Kmart Corporation, its Member

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Chief Financial Officer

Signature Page to DIP Guarantee and Collateral Agreement

BLUELIGHT.COM, INC.

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Vice President

SEARS BRANDS, L.L.C.

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Vice President

SEARS BUYING SERVICES, INC.

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: President

SERVICELIVE, INC.

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Chief Financial Officer

SEARS HOME & BUSINESS FRANCHISES, INC.

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Vice President

SEARS HOLDINGS PUBLISHING COMPANY, LLC

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Vice President

SEARS PROCUREMENT SERVICES, INC.

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Vice President

Signature Page to DIP Guarantee and Collateral Agreement

SEARS PROTECTION COMPANY (PR) INC.

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Vice President

SHC LICENSED BUSINESS LLC
By: Sears Holdings Corporation, its Member

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Chief Financial Officer

SHC PROMOTIONS LLC

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Chief Financial Officer

SYW RELAY LLC
By: Sears, Roebuck and Co., its Member

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Chief Financial Officer

SEARS INSURANCE SERVICES, L.L.C.

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Chief Financial Officer

WALLY LABS LLC

By:     /s/ Robert A. Riecker 
Name:    Robert A. Riecker 
Title: Vice President

Signature Page to DIP Guarantee and Collateral Agreement

BANK OF AMERICA, N.A., 
as a Co-Collateral Agent
By:     /s/ Brian Lindblom 
Name:  Brian Lindblom 
Title:  Senior Vice President

Signature Page to DIP Guarantee and Collateral Agreement

WELLS FARGO BANK, NATIONAL ASSOCIATION, 
as a Co-Collateral Agent
By:     /s/ Jennifer Cann  
Name:  Jennifer Cann 
Title:  Managing Director

Signature Page to DIP Guarantee and Collateral Agreement

Schedule 1 
GRANTORS AND NOTICE ADDRESSES OF GRANTORS
	
		
	Grantor
	Notice Address

	 
	 

Schedule 2
[Reserved]

Schedule 3
LOCATION OF JURISDICTION OF ORGANIZATION
	
			
	Grantor
	Jurisdiction of
Identification
	Organization
Number

Schedule 4

INTELLECTUAL PROPERTY SCHEDULES
Section 4(a)
Intellectual Property

Schedule 5

PLEDGED EQUITY
	
							
	ISSUER
	RECORD OWNER
	CERTIFICATE 
NO(S).
	NUMBER OF SHARES 
OR 
INTERESTS
	PERCENTAGE OF 
ALL ISSUED CAPITAL 
OR OTHER EQUITY INTERESTS OF ISSUER
	% PLEDGED
	REQUIRED TO BE DELIVERED (Yes, or reason for exclusion)

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

PLEDGED DEBT
	
							
	Grantor
	Issuer
	Original Principal Amount
	Outstanding Principal Balance
	Issue Date
	Maturity Date
	REQUIRED TO BE DELIVERED (Yes, or reason for exclusion)

	 
	 
	 
	 
	 
	 
	 

 Annex 1 
FORM OF ASSUMPTION AGREEMENT
ASSUMPTION AGREEMENT, dated as of [            , 20__], made by [_] (the “Additional Grantor”) in favor of Bank of America, N.A. and Wells Fargo Bank, National Association, as co-collateral agents (collectively in such capacity, the “Co-Collateral Agents”), for the banks and other financial institutions or entities (the “Lenders”) parties to the Credit Agreement referred to below. All capitalized terms not defined herein shall have the meaning ascribed to them in such Credit Agreement.
W I T N E S S E T H:
WHEREAS, Sears Holdings Corporation, a Delaware corporation and a debtor and debtor-in-possession (“Holdings”), Sears Roebuck Acceptance Corp., a Delaware corporation and a debtor and debtor-in-possession (“SRAC”), Kmart Corporation, a Michigan corporation and a debtor and debtor-in-possession (“Kmart Corp.”; Kmart Corp. together with SRAC, the “Borrowers”), the Lenders, Bank of America, N.A., as administrative agent and the Co-Collateral Agents, among others, have entered into a certain Superpriority Senior Secured Debtor-In-Possession Asset-Based Credit Agreement, dated as of November 29, 2018 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”);
WHEREAS, in connection with the Credit Agreement, Holdings, the Borrowers and certain of their Affiliates (other than the Additional Grantor) have entered into a certain Debtor-In-Possession Guarantee and Collateral Agreement, dated as of November 29, 2018 (as amended, supplemented or otherwise modified from time to time, the “Guarantee and Collateral Agreement”), in favor of the Co-Collateral Agents for the benefit of the Lenders;
WHEREAS, the Credit Agreement requires the Additional Grantor to become a party to the Guarantee and Collateral Agreement; and
WHEREAS, the Additional Grantor has agreed to execute and deliver this Assumption Agreement in order to become a party to the Guarantee and Collateral Agreement;
NOW, THEREFORE, IT IS AGREED:
1.Guarantee and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 8.14 of the Guarantee and Collateral Agreement, hereby becomes a party to the Guarantee and Collateral Agreement as a Grantor thereunder with the same force and effect as if originally named therein as a Grantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Grantor thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth in the Schedules to the Guarantee and Collateral Agreement. The Additional Grantor hereby represents and warrants that each of the representations and warranties 

contained in Section 4 of the Guarantee and Collateral Agreement is true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date.
2.     Governing Law. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK (AND, TO THE EXTENT APPLICABLE, THE BANKRUPTCY CODE), WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW BUT INCLUDING SECTIONS 5-1401 and 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW.
[Remainder of Page intentionally left blank]
IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly executed and delivered as of the date first above written.
[ADDITIONAL GRANTOR]
By:              
Name: 
Title:

Annex 1-A to Assumption Agreement

Supplement to Schedule 1 

Supplement to Schedule 2

Supplement to Schedule 3

Supplement to Schedule 4

Supplement to Schedule 5

EXHIBIT A 
 
TRADEMARK SECURITY AGREEMENT
This TRADEMARK SECURITY AGREEMENT, dated as of [l] (“Trademark Security Agreement”), by [GRANTOR] and [GRANTOR] (individually, a “Grantor”, and, collectively, the “Grantors”), is in favor of Bank of America, N.A. a national banking association in its capacity as a Control Co-Collateral Agent (in such capacity, the “Assignee”). 
W I T N E S S E T H:
WHEREAS, the Grantors are party to a Debtor-In-Possession Guarantee and Collateral Agreement, dated as of November 29, 2018 (the “Security Agreement”) in favor of the Assignee and Wells Fargo Bank, National Association, as the other Co-Collateral Agent, pursuant to which the Grantors are required to execute and deliver this Trademark Security Agreement;
NOW, THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Grantor and the Assignee hereby agree as follows:
SECTION 1.    Defined Terms.  Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Security Agreement.  For purposes of this Trademark Security Agreement, “Trademarks” means, collectively, all trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, trade dress, service marks, certification marks, slogans, logos, internet domain names and other source or business identifiers, whether statutory or common law, whether registered or unregistered, and whether established or registered in the United States or any other country or any political subdivision thereof, together with any and all: (i) registrations and recordings thereof, and all applications in connection therewith, (ii) all goodwill associated therewith and symbolized thereby, now existing or hereafter adopted or acquired (iii) rights and privileges arising under applicable law with respect to the use of any of the foregoing, (iv) reissues, continuations, extensions and renewals thereof, (v) income, fees, royalties, damages and payments now and hereafter due and/or payable thereunder and with respect thereto, including damages, claims and payments for past, present or future infringements, dilutions or other violations thereof, (vi) rights to sue for past, present and future infringements, dilutions or other violations thereof, and (vii) rights corresponding thereto throughout the world. 
SECTION 2.    Grant of Security Interest in Trademark Collateral.  As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of such Grantor’s Obligations, each Grantor hereby grants to the Assignee, for the ratable benefit of the Credit Parties, a security interest in, all of the following property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Trademark Collateral”):
(a)  all Trademarks of such Grantor, including the registered and applied-for Trademarks of such Grantor listed on Schedule I attached hereto; and

(b) to the extent not otherwise included, all Proceeds, insurance claims, Supporting Obligations  and products of any and all of the foregoing; and all collateral security and guarantees given by any Person with respect to any of the foregoing.
For the avoidance of doubt, in no event shall “Trademark Collateral” include any Excluded Property. 
SECTION 3.    Security Agreement.  The security interest granted pursuant to this Trademark Security Agreement is granted in conjunction with the security interest granted to the Assignee pursuant to the Security Agreement and Grantors hereby acknowledge and affirm that the rights and remedies of the Assignee with respect to the security interest in the Trademark Collateral made and granted hereby are more fully set forth in the Security Agreement.  In the event that any provision of this Trademark Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall govern.
SECTION 4.    Termination.  The term of this Copyright Security Agreement shall be co-terminous with the Security Agreement. 
SECTION 5.    GOVERNING LAW.  THIS TRADEMARK SECURITY AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK (AND, TO THE EXTENT APPLICABLE, THE BANKRUPTCY CODE), WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW BUT INCLUDING SECTIONS 5-1401 and 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW.
SECTION 6.    Counterparts.  This Trademark Security Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Trademark Security Agreement by telecopier or electronic mail of “PDF” file shall be effective as delivery of a manually executed counterpart of this Trademark Security Agreement.
SECTION 7 Intercreditor Agreement. Notwithstanding anything herein to the contrary, the Liens and security interests granted to the Co-Collateral Agents pursuant to this Trademark Security Agreement and the Financing Orders and the exercise of any right or remedy by either Co-Collateral Agent hereunder are subject to the provisions of the Intercreditor Agreement.  In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Trademark Security Agreement, the terms of the Intercreditor Agreement shall control.
SECTION 8 Financing Orders. Notwithstanding anything herein to the contrary, the provisions of this Trademark Security Agreement are subject to the provisions of the Financing Orders, in all respects. If any provision in this Trademark Security Agreement conflicts with any provision in the Financing Orders, the provisions in the applicable Financing Order shall control.

[Remainder of This Page Intentionally Left Blank.]

IN WITNESS WHEREOF, the parties hereto have caused this TRADEMARK SECURITY AGREEMENT to be executed and delivered by its duly authorized officer as of the date first above written.
[Grantors]  
 
 
By:             
    Name:   
    Title:  

Accepted and Agreed:

Bank of America, N.A., as Assignee

By:            
Name:  
Title:  

SCHEDULE I 
to 
TRADEMARK SECURITY AGREEMENT 
 
 
 
TRADEMARK REGISTRATIONS AND TRADEMARK APPLICATIONS
Trademark Registrations:

	
				
	OWNER
	TRADEMARK
	REGISTRATION NUMBER
	DATE REGISTERED

	

	 
	 
	 

Trademark Applications:

	
				
	OWNER
	TRADEMARK
	APPLICATION 
NUMBER
	DATE FILED

	

	 
	 
	 

EXHIBIT B 
 
COPYRIGHT SECURITY AGREEMENT
This COPYRIGHT SECURITY AGREEMENT, dated as of [l] (“Copyright Security Agreement”), by [GRANTOR] and [GRANTOR] (individually, a “Grantor”, and, collectively, the “Grantors”), is in favor of is in favor of Bank of America, N.A. a national banking association in its capacity as a Control Co-Collateral Agent (in such capacity, the “Assignee”).  

W I T N E S S E T H:
WHEREAS, the Grantors are party to a Debtor-In-Possession Guarantee and Collateral Agreement, dated as of November 29, 2018 (the “Security Agreement”), in favor of the Assignee and Wells Fargo Bank, National Association, as the other Co-Collateral Agent, pursuant to which the Grantors are required to execute and deliver this Copyright Security Agreement;
NOW, THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Grantor and the Assignee hereby agree as follows:
SECTION 1.    Defined Terms.  Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Security Agreement.  For purposes of this Copyright Security Agreement, “Copyrights” means, collectively, all copyrights (whether statutory or common law, whether established, registered, recorded or otherwise arising under the laws of the United States or any other country or any political subdivision thereof, whether registered or unregistered and whether published or unpublished) and all mask works (as such term is defined in 17 U.S.C. Section 901, et seq.), together with any and all: (i) registrations and recordings thereof, and all applications in connection therewith, including all registrations, recordings and applications in the United States Copyright Office, (ii) rights and privileges arising under applicable law with respect to such copyrights, (iii) all renewals and extensions thereof, (iv) income, fees, royalties, damages, claims and payments now or hereafter due and/or payable with respect thereto, including damages and payments for past, present or future infringements or other violations thereof, (v) rights to sue for past, present or future infringements thereof, and (vi) rights corresponding thereto throughout the world.
SECTION 2.    Grant of Security Interest in Copyright Collateral.  As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of such Grantor’s Obligations, each Grantor hereby grants to the Assignee, for the ratable benefit of the Credit Parties, a security interest in, all of the following property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Copyright Collateral”):
(a)  all Copyrights of such Grantor, including the registered and applied-for Copyrights of such Grantor listed on Schedule I attached hereto; and (b) to the extent not otherwise included, all 

Proceeds, insurance claims, Supporting Obligations  and products of any and all of the foregoing; and all collateral security and guarantees given by any Person with respect to any of the foregoing.
SECTION 3.    Security Agreement.  The security interest granted pursuant to this Copyright Security Agreement is granted in conjunction with the security interest granted to the Assignee pursuant to the Security Agreement and Grantors hereby acknowledge and affirm that the rights and remedies of the Assignee with respect to the security interest in the Copyright Collateral made and granted hereby are more fully set forth in the Security Agreement.  In the event that any provision of this Copyright Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall govern.
SECTION 4.    Termination.  The term of this Copyright Security Agreement shall be co-terminous with the Security Agreement. 
SECTION 5.    GOVERNING LAW.  THIS COPYRIGHT SECURITY AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK (AND, TO THE EXTENT APPLICABLE, THE BANKRUPTCY CODE), WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW BUT INCLUDING SECTIONS 5-1401 and 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW.
SECTION 6.    Counterparts.  This Copyright Security Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Copyright Security Agreement by telecopier or electronic mail of “PDF” file shall be effective as delivery of a manually executed counterpart of this Copyright Security Agreement.
SECTION 7 Intercreditor Agreement. Notwithstanding anything herein to the contrary, the Liens and security interests granted to the Co-Collateral Agents pursuant to this Copyright Security Agreement and the Financing Orders and the exercise of any right or remedy by either Co-Collateral Agent hereunder are subject to the provisions of the Intercreditor Agreement.  In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Copyright Security Agreement, the terms of the Intercreditor Agreement shall control.
SECTION 8 Financing Orders. Notwithstanding anything herein to the contrary, the provisions of this Copyright Security Agreement are subject to the provisions of the Financing Orders, in all respects. If any provision in this Copyright Security Agreement conflicts with any provision in the Financing Orders, the provisions in the applicable Financing Order shall control.
[Remainder of This Page Intentionally Left Blank.]

IN WITNESS WHEREOF, the parties hereto have caused this COPYRIGHT SECURITY AGREEMENT to be executed and delivered by its duly authorized officer as of the date first above written.
[Grantors]  
 
 
By:             
    Name:   
    Title:  

Accepted and Agreed:

Bank of America, N.A., as Assignee

By:        
Name:  
Title:  

SCHEDULE I 
to 
COPYRIGHT SECURITY AGREEMENT 
 
 
 
COPYRIGHT REGISTRATIONS AND COPYRIGHT APPLICATIONS

Copyright Registrations:

	
				
	owner
	title of work
	registration number
	date issued

	

	 
	 
	 

Copyright Applications:

	
			
	owner
	title of work
	date filed

	

	 
	 

EXHIBIT C 
 
PATENT SECURITY AGREEMENT
This PATENT SECURITY AGREEMENT, dated as of [l] (“Patent Security Agreement”), by [GRANTOR] and [GRANTOR] (individually, a “Grantor”, and, collectively, the “Grantors”), is in favor of is in favor of Bank of America, N.A. a national banking association in its capacity as a Control Co-Collateral Agent (in such capacity, the “Assignee”). 
W I T N E S S E T H:
WHEREAS, the Grantors are party to a Debtor-In-Possession Guarantee and Collateral Agreement, dated as of November 29, 2018 (the “Security Agreement”), in favor of the Assignee and Wells Fargo Bank, National Association, as the other Co-Collateral Agent, pursuant to which the Grantors are required to execute and deliver this Patent Security Agreement;
NOW, THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Grantor and the Assignee hereby agree as follows:
SECTION 1.    Defined Terms.  Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Security Agreement.  For purposes of this Patent Security Agreement, “Patents” means, collectively, all patents, patent applications, certificates of inventions, and industrial designs (whether established or registered or recorded in the United States, or any other country or any political subdivision thereof), together with any and all: (i) inventions described and claimed therein, (ii) reissues. extensions, divisions, continuations and continuations-in-part thereof, (iii) income, fees, royalties, damages, claims and payments now or hereafter due and/or payable thereunder and with respect thereto including damages and payments for past, present or future infringements or other violations thereof, (iv) rights to sue for past, present or future infringements or other violations thereof, and (v) rights corresponding thereto throughout the world.
SECTION 2.    Grant of Security Interest in Patent Collateral.  As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of such Grantor’s Obligations, each Grantor hereby grants to the Assignee, for the ratable benefit of the Credit Parties, a security interest in, all of the following property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Patent Collateral”):
(a)  all Patents of such Grantor, including the registered and applied-for Patents of such Grantor listed on Schedule I attached hereto; and
(b)  to the extent not otherwise included, all Proceeds, insurance claims, Supporting Obligations  and products of any and all of the foregoing; and all collateral security and guarantees given by any Person with respect to any of the foregoing.

SECTION 3.    Security Agreement.  The security interest granted pursuant to this Patent Security Agreement is granted in conjunction with the security interest granted to the Assignee pursuant to the Security Agreement and Grantors hereby acknowledge and affirm that the rights and remedies of the Assignee with respect to the security interest in the Patent Collateral made and granted hereby are more fully set forth in the Security Agreement.  In the event that any provision of this Patent Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall govern.
SECTION 4.    Termination.  The term of this Copyright Security Agreement shall be co-terminous with the Security Agreement.
SECTION 5.    GOVERNING LAW.  THIS PATENT SECURITY AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK (AND, TO THE EXTENT APPLICABLE, THE BANKRUPTCY CODE), WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW BUT INCLUDING SECTIONS 5-1401 and 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW.
SECTION 6.    Counterparts.  This Patent Security Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Patent Security Agreement by telecopier or electronic mail of “PDF” file shall be effective as delivery of a manually executed counterpart of this Patent Security Agreement.
SECTION 7 Intercreditor Agreement. Notwithstanding anything herein to the contrary, the Liens and security interests granted to the Co-Collateral Agents pursuant to this Patent Security Agreement and the Financing Orders and the exercise of any right or remedy by either Co-Collateral Agent hereunder are subject to the provisions of the Intercreditor Agreement.  In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Patent Security Agreement, the terms of the Intercreditor Agreement shall control.
SECTION 8 Financing Orders. Notwithstanding anything herein to the contrary, the provisions of this Patent Security Agreement are subject to the provisions of the Financing Orders, in all respects. If any provision in this Patent Security Agreement conflicts with any provision in the Financing Orders, the provisions in the applicable Financing Order shall control.
[Remainder of This Page Intentionally Left Blank.]

IN WITNESS WHEREOF, the parties hereto have caused this PATENT SECURITY AGREEMENT to be executed and delivered by its duly authorized officer as of the date first above written.
[Grantors]  
 
 
By:             
    Name:   
    Title:  

Accepted and Agreed:

Bank of America, N.A., as Assignee

By:         
    Name:   
    Title:  

SCHEDULE I 
to 
PATENT SECURITY AGREEMENT 
 
 
 
PATENTS AND PATENT APPLICATIONS
Issued Patents:

	
				
	OWNER
	PATENT TITLE
	PATENT NUMBER
	DATE ISSUED

	

	 
	 
	 

Patent Applications:

	
				
	OWNER
	PATENT TITLE
	APPLICATION SERIAL NUMBER
	DATE FILED

	

	 
	 
	 

EXHIBIT D
[Form of] 
 
PLEDGED COLLATERAL SUPPLEMENT
This Pledged Collateral Supplement, dated as of [             ], 20[  ] is delivered pursuant to Section 5.5 of the Debtor-In-Possession Guarantee and Collateral Agreement (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Guarantee and Collateral Agreement”; capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Guarantee and Collateral Agreement), dated as of November 29, 2018, made by SEARS HOLDINGS CORPORATION, a Delaware corporation and a debtor and debtor-in-possession (“Holdings”), SEARS ROEBUCK ACCEPTANCE CORP., a Delaware corporation and a debtor and debtor-in-possession (“SRAC”), KMART CORPORATION, a Michigan corporation and a debtor and debtor-in-possession (“Kmart Corp.”; Kmart Corp. together with SRAC, the “Borrowers”), the Lenders, Bank of America, N.A., as Control Co-Collateral Agent and the Co-Collateral Agents party thereto.  The undersigned hereby agrees that this Pledged Collateral Supplement may be attached to the Guarantee and Collateral Agreement and that the Pledged Collateral listed on this Pledged Collateral Supplement shall be deemed to be and shall become part of the Collateral and shall secure all Obligations.
PLEDGED EQUITY
	
							
	ISSUER
	RECORD OWNER
	CERTIFICATE 
NO(S).
	NUMBER OF SHARES 
OR 
INTERESTS
	PERCENTAGE OF 
ALL ISSUED CAPITAL 
OR OTHER EQUITY INTERESTS OF ISSUER
	% PLEDGED
	REQUIRED TO BE DELIVERED (Yes, or reason for exclusion)

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

PLEDGED DEBT

	
							
	Grantor
	Issuer
	Original Principal Amount
	Outstanding Principal Balance
	Issue Date
	Maturity Date
	REQUIRED TO BE DELIVERED (Yes, or reason for exclusion)

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

[            ], 
as Pledgor
By:             
    Name: 
    Title:

AGREED TO AND ACCEPTED:

BANK OF AMERICA, N.A.,
as Control Co-Collateral Agent

By:                         
    Name: 
    Title:Exhibit

Exhibit 10.6

SUPERPRIORITY JUNIOR LIEN SECURED DEBTOR-IN-POSSESSION 
CREDIT AGREEMENT

Dated as of November 29, 2018
among
SEARS HOLDINGS CORPORATION, 
a debtor and a debtor-in-possession, 
as Holdings,
SEARS ROEBUCK ACCEPTANCE CORP. 
and 
KMART CORPORATION, 
each debtors and debtors-in-possession, 
as Borrowers,
THE LENDERS NAMED HEREIN,
and
 CANTOR FITZGERALD SECURITIES, 
as Agent and Collateral Agent

Portions of this document have been redacted pursuant to a Request for Confidential Treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.  Redacted portions are indicated with the notation “[**]

TABLE OF CONTENTS

	
					
	 
	 
	 
	Page

	 
	 
	ARTICLE I 
	 

	 
	 
	 
	 

	 
	 
	DEFINITIONS AND ACCOUNTING TERMS
	 

	Section 1.01
	 
	Certain Defined Terms
	2
	

	Section 1.02
	 
	Computation of Time Periods
	32
	

	Section 1.03
	 
	Accounting Terms
	32
	

	Section 1.04
	 
	Other Interpretive Provisions
	33
	

	 
	 
	 
	 

	 
	 
	ARTICLE II 
	 

	 
	 
	 
	 

	 
	 
	AMOUNTS AND TERMS OF THE TERM LOANS
	 

	Section 2.01
	 
	Term Loan Commitments.
	33
	

	Section 2.02
	 
	Making the Term Loans
	34
	

	Section 2.03
	 
	Commitment Fee; Other Fees
	34
	

	Section 2.04
	 
	Repayment of Extensions of Credit
	35
	

	Section 2.05
	 
	Interest
	35
	

	Section 2.06
	 
	Interest Rate Determination
	36
	

	Section 2.07
	 
	Optional Conversion of Term Loan Borrowings
	37
	

	Section 2.08
	 
	Optional and Mandatory Prepayments of Term Loan.
	37
	

	Section 2.09
	 
	Increased Costs
	38
	

	Section 2.10
	 
	Illegality
	39
	

	Section 2.11
	 
	Payments and Computations
	39
	

	Section 2.12
	 
	Taxes
	40
	

	Section 2.13
	 
	Sharing of Payments, Etc
	43
	

	Section 2.14
	 
	Use of Proceeds of Term Loan
	43
	

	Section 2.15
	 
	Superpriority Claims; Security and Priority of Liens
	44
	

	Section 2.16
	 
	Extension Option.
	47
	

	 
	 
	 
	 

	 
	 
	ARTICLE III
	 

	[Reserved]
	 
	47
	 

	 
	 
	 
	 

	 
	 
	ARTICLE IV 
	 

	 
	 
	 
	 

	 
	 
	CONDITIONS TO EFFECTIVENESS
	 

	Section 4.01
	 
	Conditions Precedent to Effectiveness
	47
	

	Section 4.02
	 
	Conditions Precedent to Each Extension of Credit
	50
	

	Section 4.03
	 
	Conditions Precedent to Subsequent DIP Loans.
	51
	

	
					
	 
	 
	ARTICLE V 
	 

	 
	 
	 
	 

	 
	 
	REPRESENTATIONS AND WARRANTIES
	 

	Section 5.01
	 
	Representations and Warranties of Holdings and the Borrowers.
	52
	

	 
	 
	ARTICLE VI 
	 

	 
	 
	 
	 

	 
	 
	COVENANTS
	 

	Section 6.01
	 
	Affirmative Covenants
	59
	

	Section 6.02
	 
	Negative Covenants
	73
	

	Section 6.03
	 
	Approved Budget.
	75
	

	 
	 
	ARTICLE VII
	 

	 
	 
	 
	 

	 
	 
	EVENTS OF DEFAULT
	 

	Section 7.01
	 
	Events of Default
	77
	

	Section 7.02
	 
	Remedies.
	81
	

	Section 7.03
	 
	Application of Proceeds.
	83
	

	Section 7.04
	 
	Lift of Automatic Stay.
	84
	

	Section 7.05
	 
	License; Cooperation.
	84
	

	 
	 
	ARTICLE VIII 
	 

	 
	 
	 
	 

	 
	 
	THE AGENT AND COLLATERAL AGENT
	 

	Section 8.01
	 
	Appointment
	84
	

	Section 8.02
	 
	Delegation of Duties; Lender Advisors
	85
	

	Section 8.03
	 
	Exculpatory Provisions
	85
	

	Section 8.04
	 
	Reliance by Agent
	86
	

	Section 8.05
	 
	Notice of Default
	86
	

	Section 8.06
	 
	Non-Reliance on Agents and Other Lenders
	86
	

	Section 8.07
	 
	Reports and Financial Statements
	87
	

	Section 8.08
	 
	Indemnification of Agent Indemnitees.
	87
	

	Section 8.09
	 
	Agent in Its Individual Capacity
	88
	

	Section 8.10
	 
	Successor Agent
	88
	

	Section 8.11
	 
	Defaulting Lenders
	89
	

	Section 8.12
	 
	Certain ERISA Matters
	90
	

	Section 8.13
	 
	Credit Bidding
	91
	

	 
	 
	ARTICLE IX 
	 

	 
	 
	 
	 

	 
	 
	MISCELLANEOUS
	 

	Section 9.01
	 
	Amendments, Etc.
	94
	

	Section 9.02
	 
	Notices, Etc.
	94
	

	
					
	Section 9.03
	 
	No Waiver; Remedies
	95
	

	Section 9.04
	 
	Costs and Expenses
	86
	

	Section 9.05
	 
	Right of Set-off
	97
	

	Section 9.06
	 
	Binding Effect; Effectiveness
	97
	

	Section 9.07
	 
	Assignments and Participations
	98
	

	Section 9.08
	 
	Confidentiality
	100
	

	Section 9.09
	 
	Governing Law
	101
	

	Section 9.10
	 
	Execution in Counterparts
	101
	

	Section 9.11
	 
	Jurisdiction, Etc.
	101
	

	Section 9.12
	 
	WAIVER OF JURY TRIAL
	101
	

	Section 9.13
	 
	Release of Collateral or Guarantee Obligation
	102
	

	Section 9.14
	 
	PATRIOT Act Notice
	102
	

	Section 9.15
	 
	Integration
	102
	

	Section 9.16
	 
	Replacement of Lenders
	102
	

	Section 9.17
	 
	No Advisory or Fiduciary Capacity
	103
	

	Section 9.18
	 
	Acknowledgement and Consent to Bail-In of EEA Financial Institutions
	103
	

	Section 9.19
	 
	DIP Intercreditor Agreement; Financing Orders.
	104
	

SCHEDULES
Schedule 1.03    Designated Real Estate
Schedule 1.04    Existing Debt
Schedule 1.05    Existing Investments
Schedule 1.06    Existing Liens
Schedule 1.07    Initial Specified Store Closing Locations
Schedule 1.08    Secondary Specified Store Closing Locations
Schedule 1.09    Go Forward Store 
Schedule 4.01    Loan Documents 
Schedule 5.01(l)(A)    Owned and Ground Leased Unencumbered Real Property
Schedule 5.01(l)(B)    Leased Unencumbered Real Property
Schedule 5.01(n)    Pension Plan Issues
Schedule 5.01(p)     UCC Filing Jurisdictions
Schedule 5.01(s)    Equity Interests in Subsidiaries
Schedule 5.01(t)    Labor Matters
Schedule 6.01(m)    Blocked Accounts
Schedule 6.01(q)(i)    Case Milestones
		
	Schedule 6.01(q)(ii)
	Go Forward Plan

		
	Schedule 6.01(v)
	Post-Effective Date Requirements

EXHIBITS
Exhibit A            Form of Notice of Borrowing
Exhibit B            Form of Assignment and Acceptance
Exhibit C            Form of Compliance Certificate
Exhibit D            Form of Approved Budget
Exhibit E            Form of Final Financing Order
Exhibit F            Form of Budget Certificate

Exhibit G-1             Forms of U.S. Tax Compliance Certificates
through G-4    

Exhibit H            Form of Credit Card Notification

Exhibit I            Form of Compliance Certificate            

SUPERPRIORITY JUNIOR LIEN SECURED DEBTOR-IN-POSSESSION 
CREDIT AGREEMENT
This SUPERPRIORITY JUNIOR LIEN SECURED DEBTOR-IN-POSSESSION CREDIT AGREEMENT (this “Agreement”), dated as of November 29, 2018, by and among SEARS HOLDINGS CORPORATION, a Delaware corporation and a debtor and debtor-in-possession (“Holdings”), SEARS ROEBUCK ACCEPTANCE CORP., a Delaware corporation and a debtor and debtor-in-possession (“SRAC”), KMART CORPORATION, a Michigan corporation and a debtor and debtor-in-possession (“Kmart Corp.”; Kmart Corp. together with SRAC, the “Borrowers”), the several banks, financial institutions or entities from time to time party hereto as Term Lenders hereunder (each a “Lender” and collectively, the “Lenders”), and CANTOR FITZGERALD SECURITIES, as administrative agent (in such capacity, together with any of its successors and permitted assigns, the “Agent”) and collateral agent (in such capacity, together with any of its successors and permitted assigns,  “Collateral Agent”).
RECITALS 
WHEREAS, on October 15, 2018 (the “Petition Date”), Holdings, SRAC, Kmart Corp. and certain of the Borrowers’ Subsidiaries (together with any Subsidiary joining in the Chapter 11 Cases after the Petition Date, collectively, the “Debtors”) filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (together with any other court having jurisdiction over the Chapter 11 Cases or any proceeding therein from time to time, the “Bankruptcy Court”);
WHEREAS, the Debtors are continuing to operate their businesses and manage their properties as debtors-in-possession under sections 1107 and 1108 of the Bankruptcy Code;
WHEREAS, the Borrowers have requested that the Lenders provide a superpriority junior secured debtor-in-possession multiple draw term loan facility in an aggregate principal amount up to $350,000,000 (the “DIP Junior Facility”), and the Lenders have indicated their willingness to lend on the terms and conditions set forth herein;
WHEREAS, each Borrower and each other Loan Party has agreed to secure all of its Obligations under the Loan Documents by granting to the Collateral Agent, for the benefit of the Collateral Agent and the other Credit Parties, a security interest in and lien upon substantially all of their existing and after-acquired personal and real property;
WHEREAS, the business of the Borrowers and the other Loan Parties is a mutual and collective enterprise and the Borrower and the other Loan Parties believe that the Total Extensions of Credit and other financial accommodations provided to the Borrowers under this Agreement will enhance the aggregate borrowing powers of the Borrowers and facilitate the administration of the Chapter 11 Cases and their loan relationship with the Agent, the Collateral Agent and the Lenders, all to the mutual advantage of the Borrowers and the other Loan Parties;
WHEREAS, each Borrower and each other Loan Party acknowledges that it will receive substantial direct and indirect benefits by reason of the making of Extensions of Credit and other financial accommodations to the Borrowers as provided in this Agreement and the Financing Orders; and
WHEREAS, the willingness of the Agent, the Collateral Agent, and the Lenders to extend financial accommodations to the Borrowers, as more fully set forth in this Agreement and the other Loan Documents, is done solely as an accommodation to the Borrowers and the other Loan Parties and at the request 

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of the Borrowers and the other Loan Parties and in furtherance of the mutual and collective enterprise of the Borrowers and the other Loan Parties.
NOW, THEREFORE, in consideration of the mutual conditions and agreements set forth in this Agreement, and for good and valuable consideration, the receipt of which is hereby acknowledged (these recitals being an integral part of this Agreement), the parties hereto hereby agree as follows:

ARTICLE I     
 
DEFINITIONS AND ACCOUNTING TERMS

Section 1.01    Certain Defined Terms.  As used in this Agreement, the following terms shall have the following meanings:
 “Acceptable Plan of Reorganization” means a plan of reorganization for each of the Chapter 11 Cases that provides for the termination of the Term Commitments and the payment in full in cash and full discharge of the Obligations at emergence.
“ACH” means automated clearing house transfers.
“Acquisition” means, with respect to any Person (a) a purchase or other acquisition of more than 50% of, or other controlling interest in, the Equity Interests of any other Person, (b) a purchase or other acquisition of all or substantially all of the assets or properties of, another Person or of any business unit of another Person, or (c) any merger or consolidation of such Person with any other Person or other transaction or series of transactions resulting in the acquisition of all or substantially all of the assets of any Person, or more than 50% of, or other controlling interest in, the Equity Interests of any Person, in each case in any single transaction or series of related transactions.
“Adequate Protection Liens” has the meaning assigned to the term “Adequate Protection Liens” in the Final ABL Financing Order.
“Adequate Protection Superpriority Claims” has the meaning assigned to the term “Adequate Protection Claims” in the Final ABL Financing Order.
 “Adverse Proceeding” means any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of Holdings, any Borrower, and Subsidiary Guarantor or any Subsidiary of the foregoing), at law or in equity, or before or by any Governmental Authority, domestic or foreign, whether pending or, to the knowledge of Holding, any Borrower or any Subsidiary Guarantor, threatened against Holdings, any Borrower, any Subsidiary Guarantor or any Subsidiary of the foregoing or any property thereof.
“Affiliate” means, as to any Person, any other Person, (a) that directly or indirectly, controls, is controlled by or is under common control with such Person or is a director or officer of such Person, (b) that beneficially owns 10% or more of the Voting Stock or any class of Equity Interests of such first Person; (c) at least 10% of whose Voting Stock or any class of Equity Interests is beneficially owned, directly or indirectly, by such first Person; or (d) who is an officer, director, partner or managing member of such first Person.  For purposes of this definition, the term “control” (including the terms “controlling”, “controlled by” and “under common control with”) of a Person means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of such Person by contract or otherwise.

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“Agent” has the meaning specified therefor in the preamble hereto. 
“Agent’s Account” shall mean the Term Loan Collateral Account”.
“Agent Fee Letter” means the fee letter, dated the date hereof, among Holdings, the Borrowers, and the Agent. 
“Agent Indemnitees” means the Agent, the Collateral Agent and their respective Related Parties.
“Agreement” has the meaning specified therefor in the preamble hereto. 
 “AML Laws” means (i) the Currency and Foreign Transactions Reporting Act, its amendments, and other statutes relating to the subject matter of that Act (which have come to be collectively referred to as the Bank Secrecy Act), including applicable provisions of the PATRIOT Act, and regulations promulgated under any of the foregoing, including 31 C.F.R. Chapter X; and (ii) similar laws, regulations, directives adopted by the European Union, any European Union Member State, the United Kingdom, and any jurisdiction where any Group Member operates.
“Applicable Lending Office” means, with respect to each Lender, such Lender’s Domestic Lending Office in the case of a Base Rate Advance, and such Lender’s Eurodollar Lending Office in the case of a Eurodollar Rate Advance.
  “Approved Budget” means the Approved Initial Budget, as the same may be updated, modified or supplemented from time to time as provided in Section 6.03.
“Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.
“Approved Initial Budget” means budget prepared by the Borrowers in the form of Exhibit D and which is approved by, and in form and substance satisfactory to the Agent in its sole and absolute discretion. 
“Assignment and Acceptance” means an assignment and acceptance entered into by a Lender and an Eligible Assignee, and accepted by the Agent, in substantially the form of Exhibit B hereto.
“Authorized Officer” means, as to Holdings, any Borrower or any other Loan Party, its Chief Restructuring Officer, president, chief executive officer, chief financial officer, vice president and controller, vice president and treasurer, vice president, finance or executive vice president, finance.  Any document delivered hereunder that is signed by an Authorized Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Authorized Officer shall be conclusively presumed to have acted on behalf of such Loan Party.
“Automatic Stay” means the automatic stay provided under section 362 of the Bankruptcy Code.
 “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.
“Bail-In Legislation” means with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.

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 “Bankruptcy Code” has the meaning specified therefor in the recitals hereto.
“Bankruptcy Court” has the meaning specified therefor in the recitals hereto.
“Base Rate” means, for any day, a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus one-half of one percent (0.50%), (b) the Eurodollar Rate (calculated utilizing a one-month Interest Period) plus one percent (1.00%), or (c) the rate of interest quoted in The Wall Street Journal, Money Rates Section as the “prime rate,” as in effect from time to time.  The “prime rate” is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer.  The Agent or any other Lender may make commercial loans or other loans at rates of interest at, above or below the Prime Rate.
 “Base Rate Advance” means a Term Loan Borrowing that bears interest as provided in Section 2.05(a)(i).
“Beneficial Ownership Certification” means a certification regarding beneficial ownership required by the Beneficial Ownership Regulation.
“Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230.
“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in section 4975 of the Internal Revenue Code or (c) any Person whose assets include (for purposes of ERISA section 3(42) or otherwise for purposes of Title I of ERISA or section 4975 of the Internal Revenue Code) the assets of any such “employee benefit plan” or “plan.”
 “Blocked Accounts” means the deposit accounts set forth on Schedule 6.01(m) and any deposit accounts that become subject to Blocked Account Agreements pursuant to Section 6.01(i)(iii).
“Blocked Account Agreement” means with respect to a Blocked Account established by a Loan Party, an agreement, in form and substance reasonably satisfactory to the Collateral Agent, establishing control (as defined in the UCC) of such account by the Collateral Agent and whereby the bank maintaining such account agrees to comply only with the instructions originated by the Collateral Agent (or any other agent which shall succeed the Collateral Agent thereunder), without the further consent of any other Person in all respects subject to the DIP Intercreditor Agreement and the Financing Orders.
“Blocked Account Bank” means Bank of America, N.A. and each other bank with whom deposit accounts are maintained in which funds of any of the Loan Parties are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.
“Board of Governors” means the Board of Governors of the Federal Reserve System.
“Borrower Information” has the meaning specified therefor in Section 9.08.
“Borrower Materials” has the meaning specified therefor in Section 9.02(d).
“Borrowers” has the meaning specified therefor in the preamble hereto.
“Budget Certificate” mean a certificate, substantially in the form of Exhibit F hereto, by which Holdings certifies, among other things, compliance with the covenants contained in Section 6.03(b).

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“Budget Variance Report” means a weekly report certified by an Authorized Officer of Holdings to the Agent (a) showing, in each case, by line item the actual cash receipts, disbursements, inventory receipts and consignment receipts for each week, in a comparable form to the Approved Budget, noting therein the variance of the Borrower’s Net Cash Flow, on a cumulative basis, for the Cumulative Four-Week Period, from the projected Net Cash Flow set forth for the Cumulative Four-Week Period in the Approved Budget, (b) including explanations for all material variances (including whether such variance is permanent in nature or timing related) and (b) for any report delivered on the Wednesday following a Budget Testing Date, containing an analysis demonstrating the Borrowers are in compliance with the budget covenant set forth in Section 6.03(b), all in a form, and containing such supporting information, as is satisfactory to the Agent in its sole discretion.
“Budget Testing Date” has the meaning specified therefor in Section 6.03(b).
“Business Day” means a day of the year on which banks are not required or authorized by law to close in New York, New York and, if the applicable Business Day relates to any Eurodollar Rate Advances, a day of the year on which dealings are carried on in the London interbank market.
“Capital Lease Obligations” means, with respect to any Person for any period, the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as liabilities on a balance sheet of such Person under GAAP and the amount of which obligations shall be the capitalized amount thereof determined in accordance with GAAP.
“Carve-Out” has the meaning specified therefor in paragraph 21(a) of the Final ABL Financing Order.
“Carve-Out Account” has the meaning specified therefor in paragraph 21(f) of the Final ABL Financing Order or paragraph 20(b) of the Interim Financing Order, as applicable.
 “Carve-Out Reserve” has the meaning specified therefor in paragraph 21(e) of the Final ABL Financing Order.
 “Case Milestones” has the meaning specified therefor in Section 6.01(q)(i).
“Cash Equivalents” means (a) marketable obligations issued or unconditionally guaranteed by, and backed by the full faith and credit of, the U.S. government, maturing within 12 months of the date of acquisition; (b) certificates of deposit, time deposits and bankers’ acceptances maturing within 12 months of the date of acquisition, and overnight bank deposits, in each case which are issued by Bank of America or a commercial bank organized under the laws of the United States or any state or district thereof, rated A-1 (or better) by S&P or P-1 (or better) by Moody’s at the time of acquisition, and (unless issued by a Lender) not subject to offset rights; (c) repurchase obligations with a term of not more than 30 days for underlying investments of the types described in clauses (a) and (b) entered into with any bank described in clause (b); (d) commercial paper issued by Bank of America or rated A-1 (or better) by S&P or P-1 (or better) by Moody’s, and maturing within nine months of the date of acquisition; and (e) shares of any money market fund that has substantially all of its assets invested continuously in the types of investments referred to above, has net assets of at least $500,000,000 and has the highest rating obtainable from either Moody’s or S&P.
“Cash Management Order” means that certain Interim Order Authorizing Debtors to (I) Continue Using Existing Cash Management System, Bank Accounts, and Business Forms, (II) Implement Ordinary Course Changes to Cash Management System, (III) Continue Intercompany Transactions, and (IV) Provide Administrative Expense Priority for Postpetition Intercompany Claims and Granting Related Relief (Docket 

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No. 102), entered by the Bankruptcy Court on October 16, 2018, and any similar final order entered by the Bankruptcy Court.
  “Class” means the class consisting of Term Lenders. For clarity, except as expressly provided herein, each Lender shall have the same rights and obligations under this Agreement and the other Loan Documents.
“Change in Law” means the occurrence, after the date hereof, of (a) the adoption, taking effect or phasing in of any law, rule, regulation or treaty; (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof; or (c) the making, issuance or application of any request, guideline, requirement or directive (whether or not having the force of law) by any Governmental Authority; provided, that “Change in Law” shall include, regardless of the date enacted, adopted or issued, all requests, rules, guidelines, requirements or directives (i) under or relating to the Dodd-Frank Wall Street Reform and Consumer Protection Act, or (ii) promulgated pursuant to Basel III by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any similar authority) or any other Governmental Authority.
“Chapter 11 Cases” means the chapter 11 cases of the Debtors pending in the Bankruptcy Court.
“Collateral Agent” has the meaning specified therefor in the preamble hereto.
“Collateral” means all property of the Loan Parties, now owned or hereafter acquired, upon which a Lien is purported to be created by any Security Document, including the Prepetition ABL Collateral and all other assets of the Loan Parties, whether now owned or hereafter acquired, and all proceeds thereof, and any claims and causes of action of the Loan Parties of any kind or nature (including proceeds of any actions for preferences, fraudulent conveyances and other avoidance power claims under sections 502(d), 544, 545, 547, 548, 549, 550 and 553 of the Bankruptcy Code); it being understood that “Collateral” shall include all such property irrespective of whether any such property was excluded pursuant to the Prepetition Loan Documents. 
“Compliance Certificate” means a certificate of an Authorized Officer of Holdings as to compliance with the terms of this Agreement and the other Loan Documents in the form of Exhibit C.
“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.).
“Commonly Controlled Entity” means an entity, whether or not incorporated, that is under common control with any Borrower within the meaning of section 4001 of ERISA or is part of a group that includes any Borrower and that is treated as a single employer under section 414 of the Internal Revenue Code.
“Convert”, “Conversion” and “Converted” each refers to a conversion of a Term Loan Borrowing of one Type into a Term Loan Borrowing of the other Type pursuant to Section 2.07.
“Credit Card Accounts Receivable” means each Account or Payment Intangible (each as defined in the UCC) together with all income, payments and proceeds thereof, owed by a credit card payment processor or an issuer of credit cards to a Loan Party resulting from charges by a customer of a Loan Party on credit cards processed by such processor or issued by such issuer in connection with the sale of goods by a Loan Party or services performed by a Loan Party, in each case in the ordinary course of its business.
“Credit Card Notification” has the meaning specified in Section 6.01(m)(iii).

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“Credit Card Processors” means the credit card clearinghouses and processors used by the Loan Parties and listed in the Perfection Certificate as of the date of this Agreement, or otherwise disclosed in writing to the Agent by the Loan Parties from time to time following the date of this Agreement.    
“Credit Party” or “Credit Parties” means (a) individually, (i) each Lender and its Affiliates, (ii) the Agent and (iii) the Collateral Agent and (b) collectively, all of the foregoing.
“Cumulative Four-Week Period” means the four-week period up to and through the Saturday of the most recent week then ended.
“Customs Broker Agreement” means an agreement, in form and substance acceptable to the Agent in its discretion, or such other form as the Agent may reasonably agree, by and among a Loan Party, a customs broker or other carrier, and the Collateral Agent, in which the customs broker or other carrier acknowledges that it has control over and holds the documents evidencing ownership of the subject Inventory for the benefit of the Collateral Agent and agrees, upon notice from the Collateral Agent, to hold and dispose of the subject Inventory solely as directed by the Collateral Agent in all respects subject to the DIP Intercreditor Agreement and the Financing Orders.
“DC” means any distribution center owned or leased and operated by any Loan Party.
“DDA” means each checking, savings or other demand deposit account maintained by any of the Loan Parties.  
“De Minimis Asset Sale Order” means the (CORRECTED) Order Signed on 11/21/2018 Authorizing and Establishing Procedures for De Minimis Asset Sales and De Minimis Asset Abandonments (Docket No. 856), as entered by the Bankruptcy Court on November 21, 2018.
 “Debt” of any Person means, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase price of property or services (other than trade payables incurred and being paid in the ordinary course of such Person’s business), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all direct and contingent obligations of such Person arising under banker’s acceptances, letters of credit (including standby and commercial), bank guaranties, surety bonds and similar instruments, (e) all obligations of such Person created or arising under any conditional sale or other title retention agreement (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property), (f) all obligations of such Person as lessee under leases that have been or should be, in accordance with GAAP, recorded as Capital Lease Obligations, (g) all direct recourse payment obligations of such Person in respect of any accounts receivable sold by such Person, (h) all net obligations of such Person under any Swap Obligations, (i) all obligations of such Person in respect of Disqualified Equity Interests, (j) all Debt of others referred to in clauses (a) through (i) above or clause (k) below and other payment obligations guaranteed directly or indirectly in any manner by such Person, or in effect guaranteed directly or indirectly by such Person through an agreement (1) to pay or purchase such Debt or to advance or supply funds for the payment or purchase of such Debt, (2) to purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such Debt or to assure the holder of such Debt against loss, (3) to supply funds to or in any other manner invest in the debtor (including any agreement to pay for property or services irrespective of whether such property is received or such services are rendered) or (4) otherwise to assure a creditor against loss, and (k) all Debt referred to in clauses (a) through (i) above secured by (or for which the holder of such Debt has an existing right, contingent or otherwise, to be secured by) any Lien on property (including accounts and contract rights) 

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owned by such Person, even though such Person has not assumed or become liable for the payment of such Debt. 
“Debtor Advisors” has the meaning specified therefor in Section 6.01(r).
“Debtor Relief Laws” means the Bankruptcy Code and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.
“Debtors” has the meaning specified therefor in the recitals hereto.
“Default” means any Event of Default or any event or condition that, with the lapse of time or giving of notice or both, would constitute an Event of Default.
“Defaulting Lender” means any Lender (as reasonably determined by the Agent) that (a) has failed to fund any portion of the Term Loans required to be funded by it hereunder within two Business Days of the date required to be funded by it hereunder, (b) has otherwise failed to pay over to the Agent or any other Lender any other amount required to be paid by it hereunder within two Business Days of the date when due, (c) has failed, within three Business Days after request by the Agent, to confirm in writing that it will comply with the terms of this Agreement relating to its Term Commitments, provided, that such Lender shall cease to be a Defaulting Lender under this clause (c) upon the Agent’s receipt of such confirmation, (d) has notified the Borrowers or the Agent in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect, or (e) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law or Bail-In Action, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided, that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender.
“Designated Real Estate” means Real Estate constituting Prepetition Unencumbered Assets and set forth on Schedule 1.03.
 “DIP ABL Loan Agent” means (i) Bank of America, N.A., in its capacity as administrative agent and co-collateral agent for the DIP ABL Facility and (ii) Wells Fargo Bank, National Association, in its capacity as co-collateral agent for the DIP ABL Facility.
“DIP ABL Credit Agreement” means that certain Superpriority Senior Secured Debtor-in-Possession Asset Based Credit Agreement, dated as of the date hereof, among Holdings, the Borrowers, the DIP ABL Loan Agent and the lenders named therein, as in effect on the date hereof.
 “DIP ABL Loan Obligations” means the “Obligations” as defined in the DIP ABL Credit Agreement.
 “DIP ABL Facility” means the superpriority senior secured debtor-in-possession asset-based credit facility provided by the Credit Parties to the Borrowers under the DIP ABL Credit Agreement, as in effect on the date hereof.

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“DIP Junior Facility” has the meaning specified therefor in the preamble hereto. 
“DIP Intercreditor Agreement” means that certain DIP Intercreditor Agreement, dated as of the date hereof, by and among the Agent, the Collateral Agent, the DIP ABL Loan Agent and the Loan Parties, as amended, restated, supplemented or otherwise modified from time to time.
“DIP Motion” means the Debtors’ Motion for Authority to (A) Obtain Postpetition Financing, (B) Use Cash Collateral, (C) Grant Certain Protections to Prepetition Secured Parties, and (D) Schedule Second Interim Hearing and Final Hearing (Docket No. 7) filed by the Debtors on October 15, 2018.
 “Disposition” means any sale, transfer, license, lease or other disposition (including any sale and leaseback transaction), whether in one transaction or in a series of transactions, of any property (including, without limitation, the issuance or sale, transfer or other disposition of any Equity Interests).
“Disqualified Equity Interests” of any Person means any class of Equity Interests of such Person that, by its terms, or by the terms of any related agreement or of any security into which it is convertible, puttable or exchangeable, is, or upon the happening of any event or the passage of time would be, required to be redeemed by such Person, whether or not at the option of the holder thereof, or matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, in whole or in part, in each case on or prior to the date that is 91 days after the Scheduled Termination Date.
“Dollars” and “$” refers to lawful money of the United States.
“Domestic Lending Office” means, with respect to any Lender, the office of such Lender specified as its “Domestic Lending Office” on the signature pages hereof or in the Assignment and Acceptance pursuant to which it became a Lender, or such other office of such Lender as such Lender may from time to time specify to the Borrowers and the Agent.
“Domestic Subsidiary” means any Subsidiary organized under the laws of the United States of America, any State thereof or the District of Columbia (excluding, for the avoidance of doubt, any Subsidiary organized under the laws of Puerto Rico).
“EEA Financial Institution” means (a) any credit institution or investment firm established in an EEA Member Country that is subject to the supervision of an EEA Resolution Authority; (b) any entity established in an EEA Member Country that is a parent of an institution described in clause (a) above; or (c) any financial institution established in an EEA Member Country that is a subsidiary of an institution described in the foregoing clauses and is subject to consolidated supervision with its parent.
“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein and Norway.
“EEA Resolution Authority” means any public administrative authority or any Person entrusted with public administrative authority of an EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.
“Effective Date” means the first day on which all of the conditions precedent set forth in Section 4.01 are satisfied or waived in accordance with the terms hereof.
“Eligible Assignee” means (a) a commercial bank or any other Person (other than a natural Person) engaged in the business of making commercial loans, or any fund or other Person (other than a natural Person) that invests in loans, which bank, Person or fund, together with its Affiliates, has a combined capital and 

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surplus in excess of $1,000,000,000 and which bank, Person or fund is approved by the Agent in its discretion, (b) an existing Lender or an Affiliate of an existing Lender or an Approved Fund, and (c) during any Event of Default, any other Person (other than a natural Person) acceptable to Agent in its discretion; provided, that notwithstanding the foregoing, neither the Borrowers nor any Affiliate of the Borrowers, nor any Permitted Holder, nor any holder of any Debt under the Prepetition Second Lien Facilities, nor any other Loan Party, nor any Subsidiary of any of the foregoing, shall qualify as an Eligible Assignee.
“Employee Wage Order” means the Final Order (I) Authorizing But Not Directing the Debtors to (A) Pay Certain Prepetition Wages and Reimbursable Employee Expenses, (B) Pay and Honor Employee Medical and Other Benefits, and (C) Continue Employee Benefits Programs, and (II) Granting Related Relief (Docket No. 798), entered by the Bankruptcy Court on November 16, 2018.
 “Enforcement Action” means any rightful action to enforce any Obligations or Loan Documents or to realize upon any Collateral (whether by judicial action, self-help, notification of account debtors, exercise of setoff or recoupment, or otherwise).
“Environmental Action” means any action, suit, demand, demand letter, claim, notice of non-compliance or violation, notice of liability or potential liability, investigation, proceeding, consent order or consent agreement relating in any way to any Environmental Law, Environmental Permit or Hazardous Materials or arising from alleged injury or threat of injury to health, safety or the environment, including (a) by any governmental or regulatory authority for enforcement, cleanup, removal, response, remedial or other actions or damages and (b) by any governmental or regulatory authority or any third party for damages, contribution, indemnification, cost recovery, compensation or injunctive relief.
“Environmental Law” means any federal, state, local or foreign statute, law, ordinance, rule, regulation, code, order, judgment, decree or judicial or agency interpretation, policy or guidance relating to pollution or protection of the environment, health, safety or natural resources, including those relating to the use, handling, transportation, treatment, storage, disposal, release or discharge of Hazardous Materials.
“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental investigation or remediation, fines, penalties or indemnities), of Holdings, the Borrowers, or any of their Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the presence, generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.
“Environmental Permit” means any permit, approval, identification number, license or other authorization required under any Environmental Law.
“Equity Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting.
“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and issued thereunder.

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“ERISA Affiliate” means any Person that for purposes of Title IV of ERISA is a member of any Borrower’s controlled group, or under common control with such Borrower, within the meaning of section 414 of the Internal Revenue Code.
“ERISA Event” means (a) (i) the occurrence of a Reportable Event, as defined herein, or (ii) the requirements of subsection (1) of section 4043(b) of ERISA (without regard to section 4043(b)(2)) are met with respect to a contributing sponsor, as defined in section 4001(a)(13) of ERISA, of a Plan, and an event described in paragraph (9), (10), (11), (12) or (13) of section 4043(c) of ERISA is reasonably expected to occur with respect to such Plan within the following 30 days; (b) the application for a minimum funding waiver with respect to a Plan; (c) the provision by the administrator of any Plan of a notice of intent to terminate such Plan pursuant to section 4041(a)(2) of ERISA (including any without limitation any such notice with respect to a plan amendment referred to in section 4041(e) of ERISA); (d) the cessation of operations at a facility of any Borrower or any ERISA Affiliate in the circumstances described in section 4062(e) of ERISA; (e) the withdrawal by any Borrower or any ERISA Affiliate from a Multiple Employer Plan during a plan year for which it was a substantial employer, as defined in section 4001(a)(2) of ERISA; (f) the conditions for the imposition of a lien under section 430 of the Internal Revenue Code, sections 303(k) or 4068(a) of ERISA shall have been met with respect to any Plan; (g) the institution by the PBGC of proceedings to terminate a Plan pursuant to section 4042 of ERISA, or the occurrence of any event or condition described in section 4042 of ERISA that constitutes grounds for the termination of, or the appointment of a trustee to administer, a Plan, (h) the Borrowers or any ERISA Affiliate incur any liability under Title IV of ERISA (other than premiums due and not delinquent under section 4007 of ERISA) with respect to the termination of any Plan or by application of section 4069 of ERISA; (i) the incurrence by any Borrower or any ERISA Affiliate of any liability with respect to the “complete withdrawal” or “partial withdrawal” (as defined under ERISA section 4203 and 4205, respectively) from any Multiemployer Plan  or notification that a Multiemployer Plan is insolvent (within the meaning of section 4245 of ERISA) or in “endangered”, “critical” or “critical and declining” status (within the meaning of section 432 of the Internal Revenue Code or section 305 of ERISA); or (j) a failure by any Borrower or any ERISA Affiliate to make a required contribution to a Multiemployer Plan. 
 “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association, as in effect from time to time.
“Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of the Board of Governors, as in effect from time to time.
“Eurodollar Lending Office” means, with respect to any Lender, the office of such Lender specified as its “Eurodollar Lending Office” on the signature pages hereof or in the Assignment and Acceptance pursuant to which it became a Lender (or, if no such office is specified, its Domestic Lending Office), or such other office of such Lender as such Lender may from time to time specify to the Borrowers and the Agent. 
“Eurodollar Rate” means, 
(a)    for any Interest Period with respect to a Eurodollar Rate Advance, the rate per annum equal to the London Interbank Offered Rate (“LIBOR”) or a comparable or successor rate, which rate is chosen by the Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; and

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(b)    for any interest calculation with respect to a Base Rate Advance on any date, the rate per annum equal to LIBOR, at or about 11:00 a.m., London time determined two Business Days prior to such date for U.S. Dollar deposits with a term of one month commencing that day; and
provided, that (i) to the extent a comparable or successor rate is selected by the Agent in connection herewith, the approved rate shall be applied in a manner consistent with market practice; provided, further, that to the extent such market practice is not administratively feasible for the Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the Agent and (ii) in the event that the Eurodollar Rate as determined above would otherwise be less than 0.00%, such Eurodollar Rate shall be deemed to be 0.00%.
“Eurodollar Rate Advance” means a Term Loan Borrowing that bears interest as provided in Section 2.05(a)(ii).
“Eurodollar Rate Reserve Percentage” for any Interest Period for a Eurodollar Rate Advance by any Lender means the reserve percentage applicable to such Lender two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors for determining the minimum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate Advances is determined) having a term equal to such Interest Period.
“Events of Default” has the meaning specified therefor in Section 7.01.
“Excess Availability” has the meaning specified therefor in the DIP ABL Credit Agreement. 
“Excluded Accounts” means payroll, trust and Tax withholding accounts funded in the ordinary course of business.
“Excluded Taxes” means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated and including any Taxes imposed in lieu of income Taxes), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Applicable Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Recipient with respect to an applicable interest in any Extension of Credit or Term Commitment pursuant to a law in effect on the date on which (i) such Recipient acquires such interest in such Extension of Credit or Term Commitment (other than pursuant to an assignment request by the Borrower under Section 9.16) or (ii) in the case of a Lender, such Lender changes its Applicable Lending Office, except in each case to the extent that, pursuant to Section 2.12, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Applicable Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 2.12(e) or Section 2.12(f) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA.
“Extended Budget Period” has the meaning specified therefor in Section 6.03.
“Extensions of Credit” means the outstanding principal amount of the Term Loans.
“Extension Option” has the meaning specified therefor in Section 2.16.

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“Extraordinary Expenses” means all reasonable and documented out-of-pocket costs, expenses or advances that the Agent, the Collateral Agent or Lead Lender may incur, whether prior to or after the occurrence and continuance of a Default or Event of Default, and whether prior to, after or during the pendency of the Chapter 11 Cases or any other Insolvency Proceeding of any Loan Party, including those relating to (a) any audit, inspection, repossession, storage, repair, appraisal, insurance, manufacture, preparation or advertising for sale, sale, collection, or other preservation of or realization upon any Collateral; (b) any action, arbitration or other proceeding (whether instituted by or against the Agent, the Collateral Agent, any Lender, any Loan Party, any representative of creditors of a Loan Party or any other Person) in any way relating to any Collateral (including the validity, perfection, priority or avoidability of the Collateral Agent’s Liens with respect to any Collateral), Loan Documents or Obligations, including any lender liability or other claims; (c) the exercise, protection or enforcement of any rights or remedies of Agent, the Collateral Agent or Lead Lender in, or the monitoring of, any Insolvency Proceeding; (d) settlement or satisfaction of any taxes, charges or Liens with respect to any Collateral; (e) any Enforcement Action; or (f) negotiation and documentation of any modification, waiver, workout, restructuring or forbearance with respect to any Loan Documents or Obligations.  Such costs, expenses and advances include transfer fees, taxes, storage fees, insurance costs, permit fees, utility reservation and standby fees, legal fees, financial advisor fees, appraisal fees, brokers’ fees and commissions, auctioneers’ fees and commissions, accountants’ fees, environmental study fees, wages and salaries paid to employees of any Loan Party or independent contractors in liquidating any Collateral (including the Liquidation Agent), and travel expenses.
“FATCA” means sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to section 1471(b)(1) of the Internal Revenue Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities implementing such sections of the Internal Revenue Code.
“Federal Funds Rate” means, for any period, a fluctuating interest rate per annum equal for each day during such period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three Federal funds brokers of recognized standing reasonably selected by it; provided, that if such rate shall be less than zero, the Federal Funds Rate shall be deemed to be zero for the purposes of this Agreement and the other Loan Documents.
 “Final ABL Financing Order” mean the Final Order (I) Authorizing the Debtors to (A) Obtain Post-petition Financing, (B) Grant Senior Secured Priming Liens and Superpriority Administrative Expense Claims, and (C) Utilize Cash Collateral; (II) Granting Adequate Protection to the Prepetition Secured Parties; (III) Modifying the Automatic Stay; and (IV) Granting Related Relief (Docket No. ___, entered by the Bankruptcy Court on November 30, 2018).
“Final Closing Date” has the meaning specified therefor in Section 4.03.
 “Final Financing Order” means an order of the Bankruptcy Court, in the form and substance satisfactory to the Agent and the Debtors, with any changes thereto that are satisfactory to the Agent in its sole and absolute discretion, which order shall have been entered not later than December 28, 2018, authorizing and approving the DIP Junior Facility on a final basis in form and substance satisfactory to the Agent in its sole and absolute discretion.

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“Financing Orders” means, collectively, the Interim Financing Order, Final ABL Financing Order and the Final Financing Order.
 “Flood Documentation” means, for any Real Property, (i) evidence as to whether the applicable Real Property is located in a Special Flood Hazard Area pursuant to a completed “life-of-loan” Federal Emergency Management Agency standard flood hazard determination form ordered and received by Agent (and if the flood hazard determination states that such Real Property is located in a Special Flood Hazard Area, the applicable Loan Party’s written acknowledgment of receipt of written notification from the Collateral Agent), (ii) in the event such Real Property is located in a Special Flood Hazard Area with respect to which flood insurance has been made available under the Flood Insurance Laws, evidence of flood insurance in an amount and otherwise sufficient to comply with the applicable rules and regulations promulgated pursuant to the Flood Insurance Laws, in form and substance reasonably acceptable to Agent, and (iii) any other reasonable documents or information reasonably requested by any Lender (through the Agent) to enable such Lender to comply, in the determination of the Collateral Agent, with any applicable Flood Insurance Laws.
“Flood Insurance Laws” means, collectively, (i) the National Flood Insurance Act of 1968, (ii) the Flood Disaster Protection Act of 1973, (iii) the National Flood Insurance Reform Act of 1994, (iv) the Flood Insurance Reform Act of 2004 and (v) the Biggert-Waters Flood Insurance Reform Act of 2012.
 “Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.
“GAAP” has the meaning specified therefor in Section 1.03.
 “Go Forward Plan” means that certain Go Forward Plan of the Debtors attached hereto as Schedule 6.01(q)(ii).
“Go Forward Stores” means the stores identified on Schedule 1.09.
“Governmental Authority” means any nation or government, any state or other political subdivision thereof, any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank), any group or body charged with setting regulatory capital rules or standards (including the Bank for International Settlements or the Basel Committee on Banking Supervision or any successor or similar authority to any of the foregoing) and any securities exchange and any self-regulatory organization (including the National Association of Insurance Commissioners).
“Group Members” means, collectively, Holdings, the Borrowers and their respective Subsidiaries.
“Guarantee and Collateral Agreement” means a that certain junior Debtor-in-Possession Guarantee and Collateral Agreement, dated as of the date hereof, by and among the entities on the signature pages thereof and Collateral Agent. 
“Hazardous Materials” means (a) petroleum and petroleum products, byproducts or breakdown products, radioactive materials, asbestos-containing materials, polychlorinated biphenyls and radon gas and (b) any other chemicals, materials or substances designated, classified or regulated as hazardous, toxic; a pollutant, contaminant or words of a similar import under any Environmental Law.

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“Holdings” has the meaning specified therefor in the preamble hereto.
“Indemnified Taxes” means Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Loan Party under any Loan Document.
“Indemnified Party” has the meaning specified therefor in Section 9.04(b).
“Insolvency” means with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of section 4245 of ERISA.
“Insolvency Proceeding” means any case or proceeding (other than the Chapter 11 Cases) commenced by or against a Person under any state, federal or foreign law for, or any agreement of such Person to, (a) the entry of an order for relief under the Bankruptcy Code, or any other insolvency, debtor relief or debt adjustment law; (b) the appointment of a receiver, trustee, liquidator, administrator, conservator or other custodian for such Person or any part of its Property; or (c) an assignment or trust mortgage for the benefit of creditors.
“Insolvent” means pertaining to a condition of Insolvency.
“Intellectual Property” has the meaning specified therefor in the Guarantee and Collateral Agreement.
“Interest Period” means, for each Eurodollar Rate Advance comprising part of the same Term Loan Borrowing, the period commencing on the date of such Eurodollar Rate Advance or the date of the Conversion of any Base Rate Advance into such Eurodollar Rate Advance and ending on the last day of the period selected by the applicable Borrower pursuant to the provisions below and, thereafter, each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last day of the period selected by the applicable Borrower pursuant to the provisions below.  The duration of each such Interest Period shall be two weeks or one month, as the applicable Borrower may, upon notice received by the Agent not later than 12:00 noon on the third Business Day prior to the first day of such Interest Period, select; provided, that:
(a)    a Borrower may not select any Interest Period with respect to a Term Loan Borrowing that ends after the Scheduled Termination Date;
(b)    Interest Periods commencing on the same date for Eurodollar Rate Advances comprising part of the same Term Loan Borrowing shall be of the same duration;
(c)    whenever the last day of any Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day, provided, that if such extension would cause the last day of such Interest Period of one month or longer to occur in the next following calendar month, the last day of such Interest Period shall occur on the next preceding Business Day; and
(d)    whenever the first day of any Interest Period occurs on a day of an initial calendar month for which there is no numerically corresponding day in the calendar month that succeeds such initial calendar month by the number of months equal to the number of months in such Interest Period, such Interest Period shall end on the last Business Day of such succeeding calendar month.
 “Interim Financing Order” means that certain Interim Order (I) Authorizing the Debtors to (A) Obtain Post-Petition Financing and (B) Grant Secured Priming Liens and Superpriority Administrative 

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Expense Claims; (II) Modifying the Automatic Stay; (III) Scheduling Final Hearing; and (IV) Granting Related Relief (Docket No. ___), entered by the Bankruptcy Court on November 30, 2018.
“Internal Revenue Code” means the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated and rulings issued thereunder.
“Inventory” as defined in the UCC.
“Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of Equity Interests of another Person, (b) a loan, advance or capital contribution to, guarantee or assumption of debt of, or purchase or other acquisition of any other debt or interest in, another Person, or (c) any Acquisition.  
“Junior DIP Facility Superpriority Claims” has the meaning specified therefor in Section 2.15(a).
 “Kmart” means Kmart Holding Corporation, a Delaware corporation. 
“Kmart Corp.” has the meaning specified therefor in the preamble hereto.
 “Lease” means any agreement, whether written or oral, no matter how styled or structured, and all amendments, guaranties and other agreements relating thereto, pursuant to which a Loan Party is entitled to the use or occupancy of any Real Property for any period of time.
“Lead Lender” means Cyrus Capital Partners, G.P. or any of its Affiliates in a capacity as a Lender hereunder.
 “Lenders” has the meaning specified therefor in the preamble hereto.
“Lender Advisors” has the meaning specified therefor in Section 8.02(b).
“Lender Professionals” means attorneys, accountants, appraisers (including real estate appraisers), auditors, business valuation experts, environmental engineers or consultants, turnaround consultants, and other professionals and experts retained by the Lead Lender, including, for the avoidance of doubt, the Lender Advisors. 
 “Lien” means any lien, security interest, mortgage or other charge or encumbrance of any kind or any other type of preferential arrangement, including the lien or retained security title of a conditional vendor, and any easement, right of way or other encumbrance on title to real property, but excluding consignments or bailments of goods of third parties and the interests of lessors under operating leases.
 “Liquidation” means the exercise by the Agent or the Collateral Agent of those rights and remedies accorded to the Agent and/or the Collateral Agent under the Loan Documents and applicable law as a creditor of the Loan Parties with respect to the realization on the Collateral, including (after the occurrence and continuation of an Event of Default) the conduct by the Loan Parties acting with the consent of the Agent and the Collateral Agent, of any public, private or “going-out-of-business”, “store closing” or other similar sale or any other Disposition of the Collateral for the purpose of liquidating the Collateral.
“Liquidation Agent” has the meaning specified therefor in Section 6.01(r).
“Loan Documents” means this Agreement, the Security Documents, the DIP Intercreditor Agreement, the Agent Fee Letter, the Notes, each Financing Order, each Approved Budget, each Rolling 

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Budget, any other document or instrument now or hereafter designated by the Borrowers and the Agent as a “Loan Document” and any amendment, waiver, supplement or other modification to any of the foregoing.
“Loan Parties” means each Group Member that is a party to a Loan Document.
 “Luxottica Reserve Account” has the meaning specified therefor in paragraph 66(b) of the Interim Financing Order.
 “Material Adverse Effect” means the effect of any event, condition, circumstance or contingency that, taken alone or in conjunction with other events, conditions, circumstances or contingencies (in each case, other than as customarily occurs as a result of events leading up to and following the commencement of a proceeding under chapter 11 of the Bankruptcy Code and the commencement of the Chapter 11 Cases), has or could reasonably be expected to have a material adverse effect on (a) the business, condition (financial or otherwise), operations or assets of Holdings and its Subsidiaries taken as a whole, (b) the ability of the Loan Parties taken as a whole to perform their obligations under the Loan Documents or (c) the validity or enforceability of the Loan Documents or the rights and remedies of the Agent, the Collateral Agent or the Lenders thereunder (including, but not limited to, the enforceability or priority of any Liens granted to the Collateral Agent under the Loan Documents).
“Material Assets” means property (including, without limitation, the issuance or sale, transfer or other disposition of any Equity Interests) with a value and/or cost, in the aggregate, in excess of $2,500,000.
“Material Documents” means all pleadings, documents, proposed forms of order, or other items filed by the Debtors in the Chapter 11 Cases that relate to the following: (a) rejection or assumption of material leases, (b) any plan of reorganization or liquidation, (c) any debtor-in-possession financing or use of cash collateral that does not result in payment in full in cash of all Obligations, DIP ABL Loan Obligations and Prepetition First Lien ABL Obligations upon consummation of such financing or use of cash collateral, (d) any sale or other disposition of Collateral outside of the ordinary course of business or (e) any other item that would materially and adversely affect the Credit Parties’ or Prepetition Credit Parties’ claims.   
 “Mortgaged Properties” means each Real Property that, upon request of the Collateral Agent, shall be encumbered by a Mortgage pursuant to Section 6.01(i)(v).
“Mortgages” means, collectively, the mortgages, trust deeds, deeds of trust, deeds to secure debt, assignments of leases and rents, debentures, and other security documents securing the Obligations (including amendments to any of the foregoing) executed and delivered by a Loan Party to the Collateral Agent with respect to Mortgaged Properties (either as stand-alone documents or forming part of other Security Documents), each in form and substance satisfactory to the Collateral Agent and the Borrowers, in each case, as amended, supplemented or otherwise modified from time to time.
“Multiemployer Plan” means a multiemployer plan, as defined in section 4001(a)(3) of ERISA, to which Holdings or any ERISA Affiliate is making or accruing an obligation to make contributions, or has within any of the preceding five plan years made or accrued an obligation to make contributions or may otherwise have any liability or obligation.
“Multiple Employer Plan” means a single employer plan, as defined in section 4001(a)(15) of ERISA, that (a) is maintained for current and/or former employees of Holdings or any ERISA Affiliate and at least one Person other than Holdings and the ERISA Affiliates or (b) was so maintained and in respect of which Holdings or any ERISA Affiliate could have liability under section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated.

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“Net Cash Flow” means, for any Cumulative Four-Week Period, the Borrowers’ total net cash flow, excluding (i) proceeds from Dispositions, except for proceeds from the sale of Inventory, (ii) financing related items and (iii) fees and expenses of the professionals and advisors of the Debtors and the Creditors’ Committee (as defined in the Interim Financing Order).
 “Net Proceeds” means, (a) with respect to any Disposition by any Loan Party or any of its Subsidiaries of any property (other than property disposed of pursuant to clauses (a), (b), (c), (e), or (j) of the definition of Permitted Dispositions) or any casualty or condemnation of such property, the excess, if any, of (i) the sum of cash and cash equivalents received in such transaction (including any cash or cash equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) over (ii) the sum of (A) the principal amount of any Debt (other than Debt owed to Holdings or any of its Subsidiaries, the payment of which in connection with any Permitted Disposition or other transaction shall not, for the avoidance of doubt, be deemed to reduce the amount of Net Proceeds for any purposes under this Agreement) that is secured by the applicable asset by a Lien permitted hereunder which is senior to the Collateral Agent’s Lien, if any, on such asset and that is required, and permitted under this Agreement, to be repaid (or to establish an escrow for the future repayment thereof) in connection with such transaction, (B) the reasonable and customary out-of-pocket expenses incurred by such Loan Party or such Subsidiary in connection with such transaction (including, without limitation, reasonable and customary attorneys’ fees, accountants’ fees, investment banking fees, appraisals, and brokerage, legal, title and recording or transfer Tax expenses and commissions) paid by any Loan Party or any of its Subsidiaries to third parties (other than Affiliates), (C) transfer Taxes paid as a result thereof and (D) amounts required to be paid by any Loan Party or any of its Subsidiaries pursuant to the Financing Orders or other applicable order of the Bankruptcy Court in order to consummate such transaction, (b) with respect to any loss or damage to any property or assets of any Loan Party, the excess, if any, of (i) the sum of cash and cash equivalents received in connection with such event over (ii) cash and cash equivalents that are applied to restoration of a property or are applied to repayment of the principal amount of any Debt that is secured by the applicable asset by a Lien permitted hereunder which is senior to the Collateral Agent’s Lien, if any, on such asset and that is required, and permitted under this Agreement, to be repaid and (c) with respect to any issuance of Equity Interests of any Loan Party or capital contribution made to any Loan Party (other than an issuance of Equity Interests to a Loan Party or a capital contribution made by a Loan Party) or any incurrence of Debt other than Permitted Debt, the excess, if any, of (i) the sum of cash and cash equivalents received in connection with such transaction over (ii) the underwriting discounts and commissions, and other reasonable and customary out-of-pocket expenses, incurred by such Loan Party in connection therewith.
 “Non-Consenting Lender” has the meaning specified therefor in Section 9.16.
“Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at such time.
“Non-Loan Party” means each Group Member that is not a Loan Party.
“Note” means a promissory note of any Borrower payable to any Lender evidencing the Term Loan of such Lender.
“Notice of Borrowing” has the meaning specified therefor in Section 2.02(a).
“Obligations” has the meaning set forth in the Guarantee and Collateral Agreement.
“Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising solely from such Recipient having executed, delivered, become a party to, performed 

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its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Extension of Credit or Loan Document pursuant to an assignment request by the Borrowers under Section 9.16).
 “Other Taxes” has the meaning specified therefor in Section 2.12(b).
 “PACA” means the Perishable Agricultural Commodities Act of 1930, as amended.
“Participant Register” has the meaning specified therefor in Section 9.07(f).
 “PASA” means the Packers and Stockyards Act of 1921, as amended.
 “PATRIOT Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. 107-56 (signed into law October 26, 2001)).
“PBGC” means the Pension Benefit Guaranty Corporation (or any successor).
“Pension Plan” means any “employee pension benefit plan” (as such term is defined in section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by Holdings or any ERISA Affiliate or to which Holdings or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years.
“Perfection Certificate” means a certificate dated as of the Effective Date with respect to the Borrowers and the other Loan Parties in form reasonably satisfactory to the Collateral Agent.
“Permitted Debt” means each of the following as long as no Default or Event of Default exists at the time of incurrence thereof or would arise from the incurrence thereof:
(a)    Debt outstanding on the date of this Agreement and listed on Schedule 1.04; 
(b)    Debt of any Loan Party to any other Loan Party;
(c)    Debt of any Group Member to any Subsidiary of Holdings which is not a Loan Party; provided, that (i) at the time of incurrence of any such Debt and immediately after giving pro forma effect thereto, no Default or Event of Default shall have occurred and be continuing and (ii) such Debt is by its terms subordinated or junior in right of payment or security to the Obligations on terms acceptable to the Agent in its reasonable discretion. 
(d)    the Obligations; 
(e)    Debt under the DIP ABL Credit Agreement as in effect on the date hereof and subject at all times to the Financing Orders and the DIP Intercreditor Agreement;
(f)    Debt in respect of performance bonds, bid bonds, appeal bonds, surety bonds and completion guarantees and similar obligations (including, in each case, letters of credit issued to provide such bonds, guaranties and similar obligations), in each case provided in the ordinary course of business, including those incurred to secure health, safety and environmental obligations in the ordinary course of business;

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(g)    Debt arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business; provided, that (x) such Debt is extinguished within ten Business Days of notification to the applicable Loan Party of its incurrence and (y) such Debt is subject to the Cash Management Order;
(h)    Debt arising from agreements providing for indemnification, adjustment of purchase price or similar obligations incurred in connection with any Specified Store Closing Sales or any Specified Sale Transaction, in each case on terms and pursuant to documentation (including documentation regarding subordination) acceptable to the Agent in its sole and absolute discretion; and
(i)    any other Debt in an aggregate principal amount not to exceed $1,000,000 at any one time outstanding.
Notwithstanding the foregoing, and except for the Carve-Out, no Permitted Debt shall be permitted to have an administrative expense claim status under the Bankruptcy Code senior to or pari passu with the superpriority administrative expense claims of (i) the Credit Parties in respect of the Obligations and (ii) the DIP ABL Credit Parties (as defined in the Final ABL Financing Order) in respect of the DIP ABL Loan Obligations, in each case as set forth in the Financing Orders, as applicable.
“Permitted Discretion” means a determination made in good faith and in the exercise of commercially reasonable business judgment (from the perspective of a secured lender).
“Permitted Dispositions” means any of the following, as long as, if so required pursuant to Section 2.08, as applicable, all Net Proceeds are remitted to Agent for application to the Obligations:
(a)    transfers and Dispositions of Inventory in the ordinary course of business (it being agreed and understood that bulk sales, “going-out-of-business sales,” store closing sales and similar sales are not in the ordinary course of business);
(b)    transfers and Dispositions among the Loan Parties; 
(c)    transfers and Dispositions by any Subsidiary of Holdings which is not a Loan Party to any Loan Party;
(d)    the sale of surplus, obsolete or worn out equipment or other property (other than Inventory) in the ordinary course of business by the Borrowers or any Subsidiary; provided, that it is understood and agreed that “going out of business sales”, store closing sales, bulk sales with respect to furniture, fixtures and equipment, and, in each case,  similar sales, are in not in the ordinary course of business;
(e)    transfers and Dispositions which constitute Permitted Investments that are otherwise permitted hereunder;
(f)    [reserved];
(g)    the sale or Disposition of defaulted receivables and the compromise, settlement and collection of receivables in the ordinary course of business or in bankruptcy or other proceedings concerning the other account party thereon and not as part of an accounts receivable financing transaction; provided that no Disposition shall be made under this clause (g) to any Permitted Holder, unless such Disposition is made pursuant to an order of the Bankruptcy Court and consented to by the Agent (such consent not to be unreasonably withheld);

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(h)    any surrender or waiver of contract rights or the settlement, release, recovery on or surrender of contract, tort or other claims of any kind (other than, in each case, with respect to rights to license Intellectual Property, unless the limited license granted to the Collateral Agent in such Intellectual Property pursuant to the Loan Documents remains in effect and is acknowledged by the licensee) to the extent that any of the foregoing could not reasonably be expected to have a Material Adverse Effect and provided that no such surrender, waiver, settlement, release or recovery shall be made in respect of any contract, tort or other claim with or in respect of any Permitted Holder, unless such surrender, waiver release, or recovery is made pursuant to an order of the Bankruptcy Court and consented to by the Agent(such consent not to be unreasonably withheld);
(i)    sales of Inventory determined by the management of the applicable Loan Party not to be saleable in the ordinary course of business of such Loan Party or any of the Loan Parties with such sales to be consistent with prior practices;
(j)    non-exclusive licenses to Intellectual Property granted to third parties in the ordinary course of business or in connection with a Disposition permitted under Section 6.02(i), and which do not materially interfere with the ordinary conduct of business of the Loan Parties;
(k)    dispositions in the ordinary course of business consisting of the abandonment of Intellectual Property rights which, in the reasonable good faith determination of the Borrowers, are no longer economically practicable to maintain or useful in the conduct of the business of the Loan Parties;
(l)    the Specified Store Closing Sales; and
(m)    any Specified Sale Transaction;
 “Permitted Holder” means ESL Investments, Inc. and any of its Affiliates other than a Group Member.
 “Permitted Investments” means each of the following as long as no Default or Event of Default exists at the time of the making such of Investment or would arise from the making of such Investment:
(a)    Investments existing on the date of this Agreement and listed on Schedule 1.05;
(b)    (i) Investments by any Loan Party and its Subsidiaries in their respective Subsidiaries outstanding on the date of this Agreement and described in the Perfection Certificate, (ii) Investments by any Loan Party and its Subsidiaries in Loan Parties, and (iii) Investments by Subsidiaries that are not Loan Parties in Holdings or any Subsidiary; provided, that in the case of clause (iii), if such Investment is a loan it is subordinated to the Obligations on subordination terms satisfactory to the Agent in its reasonable discretion;
(c)    Investments in connection with Specified Sale Transactions and a Specified Store Closing Sale;
(d)    Investments arising out of the receipt of non-cash consideration for the sale of assets otherwise permitted under this Agreement in an amount not to exceed $1,000,000 in the aggregate outstanding at any time;

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(e)    Cash Equivalents that are subject to Agent’s Lien and control, pursuant to documentation in form and substance satisfactory to Agent;
(f)    to the extent not prohibited by applicable law, (i) advances to officers, directors and employees and consultants of the Loan Parties made for travel, entertainment, relocation and other ordinary business purposes to extent provided for in the Approved Budget, and (ii) advances to officers, directors and employees and consultants of non-Loan Parties made for travel, entertainment, relocation and other ordinary business purposes, provided, in the case of this clause (ii), such advances are made by non-Loan Parties and not with the proceeds of any Investments made by any Loan Party in such Non-Loan Party unless otherwise permitted hereunder; provided that such Investments shall not exceed $1,000,000 in the aggregate at any one time outstanding;
(g)    Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with or judgments against, customers and suppliers, in each case in the ordinary course of business or Investments acquired by any Group Member as a result of a foreclosure by any Loan Party with respect to any secured Investments or other transfer of title with respect to any secured Investment in default;
(h)    accounts receivable, security deposits and prepayments arising and trade credit granted in the ordinary course of business;
(i)    Guarantees by Holdings or any Subsidiary of (i) operating leases (other than Capital Lease Obligations) in the ordinary course of business and consistent with past practice, or (ii) other obligations that do not constitute Debt in the ordinary course of business;
(j)    (i) to the extent provided for in the Approved Budget, advances in the form of a prepayment of expenses of any Loan Party, so long as such expenses are being paid in accordance with customary trade terms of the applicable Loan Party; and (ii) advances in the form of a prepayment of expenses of any Non-Loan Party, so long as such expenses are being paid in accordance with customary trade terms of the applicable Non-Loan Party; provided, that in the case of clause (ii), any such advances are made solely with respect to non-Loan Parties and not with the proceeds of any Investments made by any Loan Party in such Non-Loan Party; provided, further, for the avoidance of doubt, clause (ii) shall only apply in respect of Investments of a Non-Loan Party to another Non-Loan Party; and
(k)    other Investments in an amount not to exceed $1,500,000 in the aggregate outstanding at any time; provided, that any cash returns on such Investments shall be applied to the Obligations in accordance with Section 2.08(b).
 “Permitted Liens” means: 
(a)    Liens for Taxes, assessments and governmental charges or levies to the extent such Taxes, assessments or governmental charges are being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained; 
(b)    Liens imposed by law, such as materialmen’s, mechanics’, carriers’, workmen’s and repairmen’s Liens and other similar Liens arising in the ordinary course of business securing obligations that are not overdue for a period of more than 30 days or that are being contested in good faith by appropriate proceedings and as to which appropriate reserves are being maintained; 

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(c)    Landlords’ Liens arising in the ordinary course of business securing (i) rents not yet due and payable, (ii) rent for Stores in an amount not to exceed the monthly base rent due for the immediately preceding calendar month and (iii) rents for Stores in excess of the amount set forth in the preceding clause (ii) so long as such amounts are being contested in good faith by appropriate proceedings and as to which appropriate reserves are being maintained; 
(d)    any attachment or judgment lien not constituting an Event of Default under Section 7.01(e); 
(e)    Liens presently existing or hereafter created in favor of the Collateral Agent, on behalf of the Credit Parties; 
(f)    Liens arising by the terms of commercial letters of credit, entered into in the ordinary course of business to secure reimbursement obligations thereunder, provided, that such Liens only encumber the title documents and underlying goods relating to such letters of credit or cash; 
(g)    claims under PACA and PASA; 
(h)    Liens in favor of issuers of credit cards arising in the ordinary course of business securing the obligation to pay customary fees and expenses in connection with credit card arrangements;
(i)    Liens incurred or deposits made by any Group Member in the ordinary course of business in connection with workers’ compensation and other casualty insurance lines, unemployment insurance and other types of social security, or to secure the performance of tenders, statutory obligations, bids, leases, government contracts, performance and return-of-money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money);
(j)    easements, rights-of-way, covenants, conditions, restrictions (including zoning restrictions), declarations, rights of reverter, minor defects or irregularities in title and other similar charges or encumbrances, whether or not of record, that do not, in the aggregate, interfere in any material respect with the ordinary course of business, or in respect of any Real Property over which the Collateral Agent have a Mortgage, any title defects, liens, charges or encumbrances (other than monetary Liens) which the title company is prepared to endorse or insure by exclusion or affirmative endorsement reasonably acceptable to the Agent and which is included in any Title Policy;
(k)    any interest or title of a lessor or sublessor under, and Liens arising from precautionary UCC financing statements (or equivalent filings, registrations or agreements in foreign jurisdictions) relating to, leases and subleases permitted by this Agreement;
(l)    normal and customary rights of setoff upon deposits of cash or other Liens originating solely by virtue of any statutory or common law provision, or ordinary course contractual obligation, relating to bankers’ liens, rights of setoff or similar rights  in favor of banks or other depository institutions;
(m)    Liens existing on the Effective Date and set forth on Schedule 1.06;
(n)    Liens granted to consignors who have properly perfected on consigned Inventory owned by such consignors and created in the ordinary course of business;

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(o)    deposits (including retainers or other similar deposits provided to professionals retained by any Group Member in connection with providing services in the ordinary course of business) and other customary Liens to secure the performance of bids, trade contracts (other than for Debt), leases (other than Capital Lease Obligations), statutory and regulatory obligations, surety and appeal bonds, performance and return of money bonds, bids, leases, government contracts, agreements with utilities, and other obligations of a like nature incurred in the ordinary course of business, including those incurred to secure health, safety and environmental obligations in the ordinary course of business;
(p)    Liens that are contractual rights of set-off relating to the establishment of depository relations with banks not given in connection with the issuance of Debt;
(q)    Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods;
(r)    the Adequate Protection Liens and the Adequate Protection Superpriority Claims, provided, that such Liens shall be subject at all times to the Financing Orders and the DIP Intercreditor Agreement;
(s)    the Carve-Out, provided, that such Liens shall be subject at all times to the Financing Orders and the DIP Intercreditor Agreement;
(t)    Liens securing the obligations under the DIP ABL Credit Agreement; provided, that such Liens shall be subject at all times to the Financing Orders and the DIP Intercreditor Agreement; and
(u)    non-exclusive licenses to Intellectual Property granted to third parties in the ordinary course of business or in connection with a Disposition permitted under Section 6.02(i), and which do not materially interfere with the ordinary conduct of business of the Loan Parties.
 “Permitted Prior Liens” means valid, perfected and unavoidable liens in favor of third parties that were in existence immediately prior to the Petition Date and permitted under the Prepetition First Lien ABL Credit Agreement.
“Permitted Variance” means, for any Cumulative Four-Week Period, the Borrowers’ actual Net Cash Flow for such period shall not be less than the Net Cash Flow for such period set forth in the Approved Budget minus $42,000,000.
“Person” means an individual, partnership, corporation (including a business trust), joint stock company, trust, unincorporated association, joint venture, limited liability company or other entity, or a government or any political subdivision or agency thereof.
“Petition Date” has the meaning specified therefor in the recitals hereto.
“Pharmacy Receivables”: Accounts arising from the sale of prescription drugs or other Inventory which can be dispensed only through an order of a licensed professional.
“Plan” means a Single Employer Plan or a Multiple Employer Plan.
“Prepetition” means the time period ending immediately prior to the filing of the Chapter 11 Cases.

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 “Prepetition 2016 Term Loan Facility” means that certain term loan facility in an aggregate original principal amount of $750,000,000 provided under the Prepetition First Lien ABL Credit Agreement.
 “Prepetition ABL Collateral” means the “Collateral” as defined in the Prepetition First Lien ABL Credit Agreement including any “cash collateral” as defined in section 363 of the Bankruptcy Code.
“Prepetition ABL Documents” means the Prepetition First Lien ABL Credit Agreement, together with all Loan Documents (as defined in the Prepetition First Lien ABL Credit Agreement), in each case, as such has been or may be amended, restated, supplemented, waived or otherwise modified from time to time prior to the Petition Date.
“Prepetition ABL L/C Subfacility” means that certain $1,000,000,000 letter of credit subfacility provided under the Prepetition First Lien ABL Credit Agreement.
 “Prepetition ABL Obligations” means “Obligations” as such term is defined in the Prepetition First Lien ABL Credit Agreement.
“Prepetition Facilities” means, collectively the Prepetition 2018 FILO Facility, the Prepetition Revolving Facility and the Prepetition 2016 Term Loan Facility.
“Prepetition 2018 FILO Facility” means that certain “first-in, last-out” facility in an original principal amount of $125,000,000 provided under the Prepetition First Lien ABL Credit Agreement.
“Prepetition First Lien ABL Credit Agreement” means the certain Third Amended and Restated Credit Agreement, dated as of July 21, 2015 (as amended, restated, supplemented or otherwise modified from time to time prior to the Petition Date), by and among Holdings, the Borrowers, the banks, financial institutions and other institutional lenders from time to time party thereto (collectively, the “Prepetition ABL Lenders”), the Issuing Lenders (as defined therein) from time to time party thereto (the “Prepetition Issuing Lenders”), and Bank of America, as administrative agent (in such capacity, the “Prepetition ABL Agent”), as a co-collateral agent, and a swingline lender, Wells Fargo Bank, National Association, as a co-collateral agent (together with Bank of America in such capacity, the “Prepetition Co-Collateral Agents” and together with the Prepetition ABL Lenders, the Prepetition Administrative Agent, and the Prepetition Issuing Lenders, the “Prepetition Credit Parties”), and the other parties from time to time party thereto. 
“Prepetition First Lien ABL Facilities” means Prepetition First Lien ABL Credit Agreement, Prepetition 2016 Term Loan Facility, Prepetition Revolving Facility, and Prepetition ABL L/C Subfacility.
“Prepetition First Lien ABL Liens” means for the benefit of each Prepetition Co-Collateral Agent and all of the other Prepetition ABL Credit Parties, a first priority security interest in and continuing lien on all of the collateral identified in the Prepetition ABL Documents.
“Prepetition L/C Obligations” means “L/C Obligations” as such term is defined in the Prepetition First Lien ABL Credit Agreement.
“Prepetition Loan Documents” means “Loan Documents” as such term is defined in the Prepetition First Lien ABL Credit Agreement.
 “Prepetition Revolving Facility” means that certain $1,500,000,000 asset-based revolving credit facility provided under the Prepetition First Lien ABL Credit Agreement.

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“Prepetition Second Lien Prepetition ABL Liens” means, for the benefit of the prepetition second lien collateral agent, and all other prepetition second lien credit parties, a first priority security interest in and continuing lien on all of the collateral identified in the Prepetition Second Lien Facilities.
“Prepetition Second Lien Cash Notes Indenture” means that certain Indenture, dated as of October 12, 2010 (as amended, supplemented or otherwise modified from time to time), by and among Holdings, certain guarantors from time to time party thereto, and Wilmington Trust, National Association, as successor trustee and collateral agent thereunder.
“Prepetition Second Lien Credit Agreement” means that certain Second Lien Credit Agreement, dated as of September 1, 2016 (as amended, supplemented or otherwise modified from time to time) by and among Holdings, the Borrowers, as borrowers, and the lenders from time to time party thereto.
 “Prepetition Second Lien Facilities” means the Prepetition Second Lien Credit Agreement, the Prepetition Second Lien Cash Notes Indenture, and the Prepetition Second Lien PIK Notes Indenture.
“Prepetition Second Lien PIK Notes Indenture” means that certain Indenture, dated as of March 20, 2018 (as amended, supplemented or otherwise modified from time to time) by and among Holdings, certain guarantors from time to time party thereto, and Computershare Trust Company, N.A., as trustee thereunder.
 “Prepetition Second Lien Secured Parties” means the secured parties under the Prepetition Second Lien Facilities. 
“Prepetition Stand-Alone L/C Facility” shall mean that certain Letter of Credit and Reimbursement Agreement, dated as of December 28, 2016 (as amended, restated, supplemented or otherwise modified from time to time prior to the Petition Date), by and among Holdings, the Borrowers, as borrowers, JPP, LLC, JPP II, LLC, Crescent 1, L.P., Canary SC Fund, L.P., CYR Fund, L.P., CMH VI, L.P., and Cyrus Heartland, L.P., as L/C lenders (the “Prepetition L/C Lenders”), and Citibank, N.A., as administrative agent and as issuing bank (in such capacity, the “Prepetition LC Facility Administrative Agent” and together with the Prepetition L/C Lenders, the “Prepetition L/C Facility Credit Parties”).
“Prepetition Unencumbered Assets” has the meaning specified therefor in Section 2.15(b).
“Prepetition Unencumbered Assets Proceeds Account” means a Prepetition Unencumbered Assets Proceeds Account (as such term is defined in the DIP ABL Credit Agreement).
 “Prior Week” means, as of any date of determination, the immediately preceding week ended on a Saturday and commencing on the prior Sunday.
 “Pro Rata Share” means, as to any Lender as of any date of determination, a percentage equal to (i) the sum of such Lender’s Term Commitment and such Lender’s share of the outstanding principal amount of the Term Loan divided by (ii) the sum of the aggregate outstanding principal amount of the Term Loan and the aggregate amount of the Lenders’ Term Commitments as of such date.
“Public Lender” has the meaning specified therefor in Section 9.02(d).
“Qualified Bid” has the meaning specified therefor in Schedule 6.01(q)(ii).
“Recipient” means the Agent, the Collateral Agent, any Lender, or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder.

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 “Real Property” means, collectively, all right, title and interest (including any leasehold estate) in and to any and all parcels of or interests in real property owned in fee simple or leased by any Loan Party, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, incidental to the ownership, lease or operation thereof.
 “Register” has the meaning specified therefor in Section 9.07(e).
 “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, attorneys and advisors of such Person and of such Person’s Affiliates.
“Remedies Notice Period” has the meaning specified therefor in paragraph [33(b)] of the Final Financing Order.
 “Reportable Event” means any of the events set forth in section 4043(c) of ERISA, other than those events as to which the thirty day notice period is waived under subsections .27, .28, .29, .30, .31, .32, .34 or .35 of PBGC Reg. § 4043.
“Required Lenders” means, at any time, the holders of more than 50% of the sum of the aggregate Term Commitments then in effect and the principal amount of the Term Loan then outstanding; provided, that the Extensions of Credit of any Defaulting Lender shall be disregarded in determining Required Lenders at any time.
“Requirements of Law” means as to any Person, the Certificate of Incorporation and By-Laws or other organizational or governing documents of such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject.
“Restricted Payment” means any (a) dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interests in Holdings or any Subsidiary of Holdings, (b) any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests in Holdings or any Subsidiary of Holdings or (c) any option, warrant or other right to acquire any such Equity Interests in Holdings or any Subsidiary of Holdings.
“Rolling Budget” means a 13-week cash flow forecast delivered pursuant to Section 6.03 which is approved by the Agent in its reasonable discretion. 
“Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, any European Union Member State, Her Majesty’s Treasury of the United Kingdom, or any jurisdiction where any Group Member operates.
“Sanctioned Country” means at any time, a country or territory which is itself the subject or target of any Sanctions (at the time of this Agreement, the Crimea of Ukraine, Cuba, Iran, North Korea and Syria).
“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of sanctioned Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or by the United Nations Security Council, the European Union, any European 

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Union Member State, Her Majesty’s Treasury of the United Kingdom, or by any jurisdiction where any Group Member operates; (b) any Person located, organized or resident in a Sanctioned Country; or (c) any Person directly or indirectly owned fifty percent or more or otherwise controlled by any such Person or Persons described in the foregoing clauses (a) and (b).
“Scheduled Termination Date” has the meaning specified therefor in the definition of “Termination Date.”
“Sears” means Sears, Roebuck and Co., a New York corporation.
“Sears Holdings Pension Plan” means collective reference to the Sears Holdings Pension Plan 1, as amended and restated effective January 1, 2014, and the Sears Holdings Pension Plan 2, as amended and restated effective December 1, 2016.
“SEC” means the United States Securities and Exchange Commission.
“Security Documents” means the collective reference to the Guarantee and Collateral Agreement, each of the Mortgages, any short-form intellectual property security agreement entered into in connection with the Guarantee and Collateral Agreement, the Financing Orders and all other documents hereafter delivered to the Collateral Agent purporting to grant or granting a Lien on any property of any Person to secure the obligations and liabilities of any Loan Party under any Loan Document. 
“Senior Permitted Liens” means all Permitted Prior Liens, Permitted Liens to the extent such liens are required to be senior pursuant to applicable law, and Permitted Liens described in clauses (j) and (t) in the definition thereof.  
“Significant Holder” means (i) any “person” or “group” (as such terms are used in sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its Subsidiaries, and any Person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan), which is the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934) of 10% or more of the equity securities of Holdings entitled to vote for members of the Board of Directors of Holdings on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right), and (ii) any Affiliate of any such Person described in clause (i) above.
“Single Employer Plan” means a single employer plan, as defined in section 4001(a)(15) of ERISA, that (a) is maintained for current and/or former employees of any Borrower or any  ERISA Affiliate and no Person other than such Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which any Borrower or any ERISA Affiliate could have liability under section 4069 of ERISA in the event such plan has been or were to be terminated.
“Special Flood Hazard Area” has the meaning specified therefor in Section 6.01(c)(vi).
“Specified Collateral” has the meaning specified therefor in Section 2.15(d). 
“Specified Full-Chain Liquidation” means a liquidation on an equity basis (or, if approved by the Agent in its sole and absolute discretion, on a fee basis) of the entire chain of Stores (or the entire chain of Stores remaining after completion of, or not contemplated to be included in, the Specified Going Concern Sale) of the Debtors and all of the assets relating thereto under section 363 of the Bankruptcy Code.  The Specified Full-Chain Liquidation shall be conducted pursuant to bidding procedures, sales procedures, approval orders, purchase agreements, agency documents or other agreements, documents or instruments, 

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as applicable, in form and substance and on terms satisfactory to the Agent in its sole and absolute discretion (or, with respect to price, satisfactory to the Agent in its reasonable discretion).
“Specified Going Concern Sale” means a sale, in one or a series of related transactions, of all or substantially all of (or, if approved in writing by the Agent, certain of) the assets of the Debtors as a going concern under section 363 of the Bankruptcy Code in accordance with the section of the Go Forward Plan entitled “Go forward Stores Sale Process.”  The Specified Going Concern Sale shall be conducted pursuant to bidding procedures, sales procedures, approval orders, purchase agreements, agency documents or other agreements, documents or instruments, as applicable, in form and substance and on terms satisfactory to the Agent in its sole and absolute discretion (or, with respect to price, satisfactory to the Agent in its reasonable discretion); provided, for purposes of this definition, “price” shall not be deemed reasonably satisfactory if the Specified Going Concern Sale will not result, individually or in the aggregate, in Net Proceeds to satisfy in full, in cash, all Obligations and all obligations under the DIP ABL Credit Agreement (after taking into account the funding in full of the Winddown Account with the proceeds of any Prepetition Unencumbered Assets included in such sale).
“Specified IP Sale” means a sale, in one or a series of related transactions, of all of the Intellectual Property of the Debtors under section 363 of the Bankruptcy Code to the extent such assets are not otherwise included in any Specified Going Concern Sale or Specified Full-Chain Liquidation required to be consummated pursuant to the Go Forward Plan.  The Specified IP Sale shall be conducted pursuant to bidding procedures, sales procedures, approval orders, purchase agreements, agency documents or other agreements, documents or instruments, as applicable, in form and substance and on terms satisfactory to the Agent in its sole and absolute discretion (or, with respect to price, satisfactory to the Agent in its reasonable discretion).
“Specified Other Assets Sale” means the sale of any or all remaining assets of the Debtors under section 363 of the Bankruptcy Code (including mortgaged Real Property interests and leasehold Real Property interests) to the extent such assets are not otherwise included in any Specified Going Concern Sale or Specified Full-Chain Liquidation required to be consummated pursuant to the Go Forward Plan.  The Specified Other Assets Sale shall be conducted pursuant to bidding procedures, sales procedures, approval orders, purchase agreements, agency documents or other agreements, documents or instruments, as applicable, in form and substance and on terms satisfactory to the Agent in its sole and absolute discretion (or, with respect to price, satisfactory to the Agent in its reasonable discretion).
“Specified Sale Transaction” means any or all of a Specified Going Concern Sale, a Specified Full-Chain Liquidation, a Specified IP Sale, or a Specified Other Assets Sale.
“Specified Store Closing Sale” means (a) certain store closures listed on Schedule 1.07 in accordance with the Initial Store Rationalization described in the Go Forward Plan and (b) certain store closures listed on Schedule 1.08 in accordance with the Secondary Store Rationalization described in the Go Forward Plan and (c) the closure of any additional Stores approved in writing by the Collateral Agent in its discretion (subject to the performance of a desktop appraisal in form and substance acceptable to the Collateral Agent); provided that the liquidation of assets pursuant to the foregoing clause (c) shall be conducted by the Liquidation Agent pursuant to a liquidation agreement approved by the Agent (including with respect to any augmentation arrangements) and all other relevant documents executed in connection therewith, each, as applicable, to be in form and substance and on terms satisfactory to the Agent in its sole and absolute discretion (or, with respect to price, satisfactory to the Agent in its reasonable discretion).
“Specified Subsidiaries” mean SRC Sparrow 1 LLC, a Delaware limited liability company, SRC Sparrow 2 LLC, a Delaware limited liability company, SRC O.P. LLC, a Delaware limited liability company, 

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SRC Facilities LLC, a Delaware limited liability company, SRC Real Estate (TX) LLC, a Delaware limited liability company, and KCD IP, LLC, a Delaware limited liability company.
“SRAC” has the meaning specified therefor in the preamble hereto.
 “Store” means any store owned or leased and operated by any Loan Party.
“Store Footprint Plan” means, collectively, Schedule 1.07, Schedule 1.08 and Schedule 1.09.
“Subsidiary” means, with respect to any Person, any corporation, partnership, joint venture, limited liability company, association or other business entity (a) of which a majority of the shares of Voting Stock is at the time beneficially owned by such Person, (b) over which such Person has the ability to direct the management, or (c) whose financial results are consolidated into the financial statements of such Person.  Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower.
“Subsidiary Guarantor” means each direct or indirect wholly owned Domestic Subsidiaries of Holdings that have commenced Chapter 11 Cases, except for Specified Subsidiaries.
 “Survey” has the meaning specified therefor in Section 6.01(i)(v)(3)(B).
 “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.
“Swap Obligations” means with respect to any Loan Party any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act.
“Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, the termination value thereof.
“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 
“Term Commitment” “means, as to any Lender, the obligation of such Lender to make Term Loans in an aggregate principal amount up to (a) the amount set forth opposite such Lender’s name on Schedule 1.01 or (b) if such Lender has entered into any Assignment and Acceptance, the amount set forth for such 

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Lender in the Register maintained by the Agent pursuant to Section 9.07(d), as such amount may be reduced pursuant to Section 2.06.
“Term Lenders” means, collectively, any Persons party hereto as a Term Lender (whether by a signature page hereto or by a joinder agreement hereto), and each Person that shall become a party hereto as a Term Lender pursuant to Section 9.07.
“Term Loan” means, collectively, (i) the term loans made by the Term Lenders pursuant to Section 2.01(a) and (ii) as used in the definitions of “Required Lenders”, the sum of (x) the term loans of all the Term Lenders.
“Term Loan Borrowing” means a borrowing consisting of simultaneous Term Loans of the same Type made by each of the applicable Lenders pursuant to Section 2.01.
“Term Loan Collateral Account” has the meaning specified in Section 6.01(n)(C).
 “Term Loan Margin” means (a) with respect to any outstanding portion of the Term Loan that is a Eurodollar Rate Advance, 10.00% per annum, and (b) with respect to any outstanding portion of the Term Loan that is a Base Rate Advance, 9.00% per annum.
 “Termination Date” means the earliest of (a) eight (8) months after the date of this Agreement (such date, the “Scheduled Termination Date”), (b) twelve (12) months after the date of this Agreement if the Borrowers shall exercise the Extension Option, and (c) the Termination Date (as defined in the DIP ABL Facility) under the DIP ABL Facility.
“Third Party Payor Notification” has the meaning specified in Section 6.01(m)(iii).
“Third Party Payors” means any private health insurance company that is obligated to reimburse or otherwise make payments to pharmacies which sell prescription drugs to eligible patients under any insurance contract with such private health insurer. 
“Title Insurer” has the meaning specified therefor in Section 6.01(i)(v)(3)(A).
“Title Policy” has the meaning specified therefor in Section 6.01(i)(v)(3)(A).
“Total Extensions of Credit” means at any time, the aggregate amount of the Extensions of Credit of the Lenders outstanding at such time.
 “Trading With the Enemy Act” means 50 U.S.C. § 1 et seq., as amended.
“Type” means either a Base Rate Advance or a Eurodollar Rate Advance.
“UCC” means the Uniform Commercial Code as from time to time in effect in the State of New York, provided, that if a term is defined in Article 9 of the Uniform Commercial Code differently than in another Article thereof, the term shall have the meaning set forth in Article 9 thereof; provided, further, that, if by reason of mandatory provisions of law, perfection, or the effect of perfection or non-perfection, of a security interest in any Collateral or the availability of any remedy hereunder is governed by the Uniform Commercial Code as in effect in a jurisdiction other than New York, “Uniform Commercial Code” means the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such perfection or effect of perfection or non-perfection or availability of such remedy, as the case may be.

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“Unfunded Pension Liability” means the excess of a Pension Plan’s benefit liabilities under section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to section 412 of the Internal Revenue Code for the applicable plan year.
“Utility Deposit Adequate Assurance Accounts” mean collectively, the deposit accounts of any Loan Party and any cash deposited therein solely to the extent such cash is deposited for the benefit of certain utilities pursuant to and consistent with that certain Order (I) Approving Debtors’ Proposed Form of Adequate Assurance of Payment to Utility Providers, (II) Establishing Procedures For Determining Adequate Assurance of Payment For Future Utility Services, and (III) Prohibiting Utility Providers From Altering, Refusing, or Discounting Utility Service (Docket No. 461).
“Voting Stock” means capital stock issued by a corporation, or equivalent interests in any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been suspended by the happening of such a contingency.
“Weekly Flash Reporting Package” means reports detailing operating and financial performance, which shall include cash flow performance compared to the Approved Budget for the Prior Week together with accompanying schedules supporting line items included in the weekly cash flow results (such as rollforward of inventory sales and receipts, rollforward of merchandise and other payables of each Loan Party as of the end of the Prior Week, in each case, in reasonable detail).
“Winddown Account” means a deposit account at Bank of America that, prior to the discharge in full of all Obligations under the Junior DIP Facility, may only be used to pay winddown costs of the Loan Parties at the discretion of the Borrowers following entry of the Final Financing Order. 
“Winddown Account Funding Condition” the aggregate amount of cash deposited into the Winddown Account, which amount shall be equal to $240,000,000.  
“Write-Down and Conversion Powers” means the write-down and conversion powers of the applicable EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which powers are described in the EU Bail-In Legislation Schedule.

Section 1.02    Computation of Time Periods.  In this Agreement, unless otherwise specified, (i) in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding” (ii) “including” means “including without limitation”; and (iii) any reference to a time of day means Eastern time.

Section 1.03    Accounting Terms.  All accounting terms not specifically defined herein or in the other Loan Documents shall be construed in accordance with U.S. generally accepted accounting principles (“GAAP”) which shall be consistently applied.  If at any time any change in U.S. generally accepted accounting principles would affect the computation of any financial ratio or requirement set forth herein, and either the Borrowers or the Required Lenders shall so request, the Agent, the Lenders and the Borrowers shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders which shall not be unreasonably withheld), provided, that until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change in principles, and (ii) the Borrowers shall provide to the Agent and the Lenders financial statements and other documents required 

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under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP.  For the avoidance of doubt, no retroactive change in GAAP shall apply to the construction of accounting terms under this Agreement in the absence of an amendment hereto in accordance with the terms of this Section 1.03.

Section 1.04    Other Interpretive Provisions.  With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document, the definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.  Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (iii) the words “herein,” “hereof” and “hereunder,” and words of similar import when used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) 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.

ARTICLE II     
 
AMOUNTS AND TERMS OF THE TERM LOANS 

Section 2.01    Term Loan Commitments. 
(a)    Each Lender, severally and not jointly, agrees:
(i)    Subject to the terms and conditions set forth herein (including, without limitation the conditions required under Section 4.01 and Section 4.02), to make Term Loans in an aggregate principal amount not to exceed $250,000,000 (“Interim DIP Loan Amount”), which shall be funded by the Lenders in three draws (each an “Interim DIP Loan” and collectively the “Interim DIP Loans”) on or after the Effective Date and prior to the Final Closing Date in the following amounts and in the following order: (x) first, an Interim DIP Loan in an aggregate principal amount of up to $75,000,000, (y) second, an Interim DIP Loan in an aggregate principal amount of up to $75,000,000 and (z) third, an Interim DIP Loan in an aggregate principal amount of up to $100,000,000; provided, that with respect to clauses (y) and (z) above, such Interim DIP Loans shall only be made available on the dates when Excess Availability is less than $50,000,000; provided, however, that any portion of the Term Commitments not used prior to the Final Closing Date shall be available for draws after the Final Closing Date (the “Carryover Term Commitments”); and 

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(ii)    Subject to the terms and conditions set forth herein (including, without limitation the conditions required under Section 4.01 and Section 4.02 and Section 4.03), to make Term Loans in an aggregate principal amount not to exceed $100,000,000 plus the Carryover Term Commitments, which shall be funded by the Lenders in multiple draws, (each a “Subsequent DIP Loan” and collectively the “Subsequent DIP Loans”) on or after the Final Closing Date, but in no event shall any such Subsequent DIP Loan be in an aggregate principal amount of lesser of (x)  $50,000,000 and (y) the remaining Term Commitments; provided, that each Subsequent DIP Loan shall only be made available on the dates when the sum of Excess Availability and the aggregate amount of cash available to the Loan Parties is less than $50,000,000.  
(b)    The Interim DIP Loans and the Subsequent DIP Loans shall constitute a single class of Loans for all Purposes of this Agreement and the other Loan Documents. Term Loans that are repaid or prepaid may not be re-borrowed.  For the avoidance of doubt, it is understood and agreed that proceeds of all funded Term Loans shall be placed into the Term Loan Collateral Account. 

Section 2.02    Making the Term Loans.  
(a)    Each Term Loan Borrowing under Section 2.01 shall be made on notice, given not later than (x) 12:00 noon on the third Business Day prior to the date of the proposed Term Loan Borrowing in the case of a Term Loan Borrowing consisting of Eurodollar Rate Advances or (y) 1:00 p.m. on the second Business Day prior to the date of the proposed Term Loan Borrowing in the case of a Term Loan Borrowing consisting of Base Rate Advances, by the applicable Borrower to the Agent, which shall give to each Lender prompt notice thereof by email attachment or telecopier.  Each such notice of a Term Loan Borrowing (a “Notice of Borrowing”) shall be by telephone, confirmed immediately in writing, by email attachment or by telecopier, in substantially the form of Exhibit A hereto, specifying therein the requested (i) date of such Term Loan Borrowing, (ii) Type of Term Loans comprising such Term Loan Borrowing, (iii) aggregate amount of such Term Loan Borrowing, and (iv) in the case of a Term Loan Borrowing consisting of Eurodollar Rate Advances, initial Interest Period for each such Term Loan Borrowing.  Each Notice of Borrowing shall be irrevocable and binding on the applicable Borrower. Each Term Lender shall, before 2:00 p.m. on the date of such Term Loan Borrowing make available for the account of its Applicable Lending Office to the Agent, in same day funds, such Term Lender’s ratable (in accordance with its Term Commitment) portion of such Term Loan Borrowing. After the Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Article IV, the Agent will make such funds available to the Borrower requesting such Term Loan Borrowing at the Agent’s address for Term Loan Borrowings referred to in Section 9.02.
(b)    Anything in subsection (a) above to the contrary notwithstanding, (i) a Borrower may not select Eurodollar Rate Advances for any Term Loan Borrowing if the obligation of the Lenders to make Eurodollar Rate Advances shall then be suspended pursuant to Section 2.06 or 2.10 and (ii) the Eurodollar Rate Advances may not be outstanding as part of more than six (6) separate Term Loan Borrowings.
(c)    Unless the Agent shall have received notice from a Lender prior to the time of any Borrowing that such Lender will not make available to the Agent such Lender’s ratable portion of such Term Loan Borrowing, the Agent may assume that such Lender has made such portion available to the Agent on the date of such Term Loan Borrowing in accordance with subsection (a) of this Section 2.02 and the Agent may, in reliance upon such assumption, make available to the applicable Borrower on such date a corresponding amount.  If and to the extent that such Lender shall not have so made such ratable portion available to the Agent, such Lender and the applicable Borrower severally agree to repay to the Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date 

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such amount is made available to such Borrower until the date such amount is repaid to the Agent, at (i) in the case of such Borrower, the interest rate applicable at the time to the Term Loans comprising such Borrowing and (ii) in the case of such Lender, the Federal Funds Rate.  If such Lender shall repay to the Agent such corresponding amount, such amount so repaid shall be made available to the applicable Borrower and shall constitute such Lender’s Term Loans as part of such Borrowing for purposes of this Agreement.

Section 2.03    Commitment Fee; Other Fees.
(a)    Closing Fee.  The Borrowers jointly and severally agree to pay to the Agent for the account of each Lender a closing fee equal to 3.00% (i) due and payable with respect to the $250,000,000 aggregate principal amount of the Interim DIP Loan Amount (whether or not all or any portion Interim DIP Loan Amount is funded on the Effective Date) on the Effective Date, and (ii) due and payable with respect to the $100,000,000 aggregate principal amount of Subsequent DIP Loans, in each case, on the date of the borrowing thereof; provided that, in any event (but without duplication), such fee shall be paid in respect of the aggregate principal amount of unused Term Commitments upon the earliest to occur of (x) December 31, 2018 and (y) the Final Closing Date.
(a)    Commitment Fee.  The Borrowers jointly and severally agree to pay to the Agent for the account of each Lender a commitment fee on the average daily amount of the available Term Commitment of such Lender during the period for which payment is made at a rate per annum equal to 0.75%, payable in arrears monthly on the 5th day subsequent to the last day of each month and on the Termination Date; provided that, with respect to the period from and including the Effective Date to and including November 30, 2018, the commitment fee for such period shall be payable on January 5, 2019.
(b)    Extension Fee.  Subject to the Borrower’s valid election of the Extension Option, the Borrowers jointly and severally agree to pay to the Agent for the account of each Lender that is a Lender on the Scheduled Termination Date an extension fee equal to 1.25% of the aggregate principal amount of such Lender’s then outstanding Term Loans, which fee shall be earned on the first day after the Scheduled Termination Date but shall be due and payable on the Termination Date.
(c)    Agent’s Fee; Other Fees.  (i) Holdings and the Borrowers jointly and severally agree to pay to the Agent the fees set forth in the Agent Fee Letter in the amounts and at the times specified therein and (ii) the Borrowers jointly and severally agree to pay to the Agent, for its own account, a monitoring fee of $175,000, due and payable in advance on the Effective Date, which monitoring fee shall be fully earned and due and payable in advance on the Effective Date. 
(d)    The fees described in this Section 2.03 shall be fully earned on the Effective Date, shall be due and payable on the dates described herein, and will not be refundable under any circumstances.  All fees payable hereunder will be paid in immediately available funds and shall not be subject to reduction by way of setoff or counterclaim.  All or any portion of the fees received by the Agent or any Lender hereunder may be allocated to, or shared among, any of their respective Affiliates.

Section 2.04    Repayment of Extensions of Credit. Notwithstanding the provisions of section 362 of the Bankruptcy Code, and subject to the applicable provisions of the Financing Orders, upon the Termination Date (whether by acceleration or otherwise), (i) each Borrower shall repay to the Agent, for the ratable account of the Lenders on the Termination Date, the aggregate principal amount then outstanding of the Total Extensions of Credit made to it by the Lenders and (ii) the Agent, the Collateral Agent and the Lenders shall be entitled to immediate payment of all Obligations and, subject to the Remedies Notice Period, as applicable, to enforce the remedies provided for under this Agreement and 

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the other Loan Documents or under applicable law, in each case, without further notice, motion or application to, hearing before, or order from, the Bankruptcy Court.

Section 2.05    Interest.  
(a)    Term Loan.  Each Borrower shall pay interest on the unpaid principal amount of the Term Loan made to it and owing to each Term Lender from the Effective Date until such principal amount shall be paid in full, at the following rates per annum:
(i)    Base Rate Advances.  During such periods as any outstanding portion of the Term Loan is a Base Rate Advance, each such Term Loan Borrowing shall earn interest at a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time, plus (y) the Term Loan Margin for Base Rate Advances, payable in arrears monthly on the 5th day subsequent to the last day of each month during such periods and on the date such Base Rate Advance shall be Converted or paid in full; provided that, with respect to the period from and including the Effective Date to and including November 30, 2018, the interest for such period shall be payable on January 5, 2019.
(ii)    Eurodollar Rate Advances.  During such periods as any outstanding portion of the Term Loan is a Eurodollar Rate Advance, each such Term Loan Borrowing shall earn interest at a rate per annum equal at all times during each Interest Period for such Eurodollar Rate Advance to the greater of (A) 1.00% or (B) the Eurodollar Rate for such Interest Period for such outstanding portion of the Term Loan plus, in either case, the Term Loan Margin for Eurodollar Rate Advances, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than one month, on each day that occurs during such Interest Period every month from the first day of such Interest Period and on the date such Eurodollar Rate Advance shall be Converted or paid in full.
(b)    Default Interest.  Upon the occurrence and during the continuance of an Event of Default, and notwithstanding the Automatic Stay, the Borrowers shall automatically pay interest on the unpaid principal amount of the Term Loan, payable in arrears on the dates referred to in Section 2.05(a)(i) or Section 2.05(a)(ii), as applicable, (or, if earlier, at the time payment thereof is demanded by the Agent), at a rate per annum equal to 2% per annum above the rate per annum required to be paid on such Term Loan pursuant to Section 2.05(a)(i) or Section 2.05(a)(ii), as applicable.  Further, the Borrowers shall pay interest, to the fullest extent permitted by law, on the amount of any interest, fee or other amount (other than principal) payable hereunder that is not paid when due, from the date such amount shall be due until such amount shall be paid in full, payable in arrears on the date such amount shall be paid in full and on demand, at a rate per annum equal to 2% per annum above the rate per annum required to be paid on Base Rate Advances pursuant to Section 2.05(a)(i).
(c)    Regulation D Compensation.  Each Lender that is subject to reserve requirements of the Board of Governors may require the Borrowers to pay, contemporaneously with each payment of interest on the Eurodollar Rate Advances, additional interest on the related Eurodollar Rate Advances of such Lender at the rate per annum equal to the excess of (i) (A) the applicable Eurodollar Rate divided by (B) one minus the Eurodollar Rate Reserve Percentage over (ii) the applicable Eurodollar Rate. Any Lender wishing to require payment of such additional interest (x) shall so notify the Agent and the Borrowers, in which case such additional interest on the Eurodollar Rate Advances of such Lender shall be 

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payable to such Lender at the place indicated in such notice with respect to each Interest Period commencing at least five Business Days after the giving of such notice and (y) shall notify the Agent and the Borrowers at least five Business Days prior to each date on which interest is payable on the amount then due it under this Section.  Each such notification shall be accompanied by such information as the Borrowers may reasonably request.

Section 2.06    Interest Rate Determination.  
(a)    If, with respect to any Eurodollar Rate Advances, 
(i)    the Agent determines (which determination shall be conclusive and binding absent manifest error) that adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such proposed Eurodollar Rate Advance for the applicable Interest Period; or
(ii)    the Required Lenders notify the Agent prior to the commencement of any Interest Period for a proposed Eurodollar Rate Advance that the Eurodollar Rate for any Interest Period for such Eurodollar Rate Advances will not adequately reflect the cost to such Required Lenders of making, funding or maintaining their respective Eurodollar Rate Advances for such Interest Period, then
the Agent shall forthwith so notify the Borrowers and the Lenders, whereupon (x) each Eurodollar Rate Advance will automatically, on the last day of the then existing Interest Period therefor, Convert into a Base Rate Advance, and (y) the obligation of the Lenders to make, or to Convert Term Loans into, Eurodollar Rate Advances shall be suspended until the Agent shall notify the Borrowers and the Lenders that the circumstances causing such suspension no longer exist.
(b)    If any Borrower shall fail to select the duration of any Interest Period for any Eurodollar Rate Advances in accordance with the provisions contained in the definition of “Interest Period” in Section 1.01, such Eurodollar Rate Advances will automatically, on the last day of the then existing Interest Period therefor, Convert into Base Rate Advances.

Section 2.07    Optional Conversion of Term Loan Borrowings.  The Borrowers may on any Business Day, upon notice given to the Agent not later than 12:00 noon on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.06 and 2.10, Convert any Term Loan Borrowing, of one Type into a Term Loan Borrowing, of the other Type; provided, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b).  Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii)  Term Loan Borrowings to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Term Loan Borrowing.  Each notice of Conversion shall be irrevocable and binding on the applicable Borrower.

Section 2.08    Optional and Mandatory Prepayments of Term Loan.
(a)    Any Borrower may, without penalty or premium and upon notice given not later than 12:00 noon two (2) Business Days prior to the date of such prepayment (or, in the case of a Base Rate Advance, one Business Day prior to the date of such prepayment) to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given such Borrower shall, 

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prepay the outstanding principal amount of the Term Loans comprising part of the same Term Loan Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, that (x) each partial prepayment shall be in an aggregate principal amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the applicable Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c).
(b)    Subject to the Financing Orders and the DIP Intercreditor Agreement, the Borrowers shall repay the Term Loans in an amount equal to (i) any Net Proceeds subject to Sections 6.01  (n) and (ii) any Net Proceeds of insurance paid on account of any loss or damage of any property or assets of any Loan Party; provided, that 100% of the Net Proceeds of insurance paid on account of any loss or damage of any Prepetition Unencumbered Assets shall be applied in accordance with Sections 6.01 (m) and (n). 
(c)    Subject to the Financing Orders and the DIP Intercreditor Agreement, the Borrowers shall prepay the Term Loans in accordance with the provisions of Section 6.01(m) hereof; provided that upon acceleration of the Obligations or the commencement of a Liquidation, all proceeds of Collateral shall be applied to the Obligations in accordance with Section 7.03.
 (d)     The Borrowers shall deliver to the Agent, in connection with each prepayment required under Section 2.08(b) or Section 2.08(d), a certificate signed by an Authorized Officer of the Borrowers setting forth in reasonable detail the calculation of the amount of such prepayment.

Section 2.09    Increased Costs.  
 (a) If, due to a Change in Law, there shall be any increase in the cost to any Lender of agreeing to make or making, funding or maintaining Eurodollar Rate Advances (excluding for purposes of this Section 2.09 any such increased costs resulting from (i) Indemnified Taxes or Other Taxes (as to which Section 2.12 shall govern) and (ii) changes in the basis of taxation of overall net income or overall gross income by the United States or by the foreign jurisdiction or state under the laws of which such Lender is organized or has its Applicable Lending Office or any political subdivision thereof), then the Borrowers shall from time to time, upon demand by such Lender (with a copy of such demand to the Agent), pay to the Agent for the account of such Lender additional amounts sufficient to compensate such Lender for such increased cost; provided, that a Lender claiming additional amounts under this Section 2.09(a) agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to designate a different Applicable Lending Office and/or take other commercially reasonable action if the making of such a designation or the taking of such actions would avoid the need for, or reduce the amount of, such increased cost that may thereafter accrue and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender.  A certificate as to the amount of such increased cost, submitted to the Borrowers and the Agent by such Lender, shall be conclusive and binding for all purposes, absent manifest error.  If any Borrower so notifies the Agent after any Lender notifies the Borrowers of any increased cost pursuant to the foregoing provisions of this Section 2.09(a), such Borrower may, upon payment of such increased cost to such Lender, replace such Lender with a Person that is an Eligible Assignee in accordance with the terms of Section 9.07 (and the Lender being so replaced shall take all action as may be necessary to assign its rights and obligations under this Agreement to such Eligible Assignee).
(b)    If any Lender determines that any Change in Law affects or would affect the amount of capital or liquidity required or expected to be maintained by such Lender or any entity controlling such Lender and that the amount of such capital or liquidity is increased by or based upon the existence of such Lender’s commitment to lend hereunder and other commitments of this type, then, upon demand by 

38

such Lender (with a copy of such demand to the Agent), the Borrowers shall pay to the Agent for the account of such Lender, from time to time as specified by such Lender, additional amounts sufficient to compensate such Lender or such entity in the light of such circumstances, to the extent that such Lender reasonably determines such increase in capital or liquidity to be allocable to the existence of such Lender’s commitment to lend hereunder.  A certificate as to such amounts submitted to the Borrowers and the Agent by such Lender shall be conclusive and binding for all purposes, absent manifest error.
(c)    The Borrowers shall not be required to compensate a Lender pursuant to this Section for any increased costs or capital, liquidity or reserve requirement or pursuant to Section 2.12 for any Taxes incurred more than nine months prior to the date that such Lender notifies the Borrowers of the change or issuance giving rise to such increased costs or capital, liquidity or reserve requirement or Tax and of such Lender’s intention to claim compensation therefor; provided, that if the change or issuance giving rise to such increased costs or capital, liquidity or reserve requirement or Tax is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof.

Section 2.10    Illegality.  Notwithstanding any other provision of this Agreement, if any Lender shall notify the Agent that any Change in Law has made it unlawful for any Lender or its Eurodollar Lending Office to perform its obligations hereunder to make Eurodollar Rate Advances or to fund or maintain Eurodollar Rate Advances hereunder, (a) each Eurodollar Rate Term Loan will automatically, upon such demand, Convert into a Base Rate Advance or an Term Loan that bears interest at the rate set forth in Section 2.05(a)(i), and (b) the obligation of the Lenders to make Eurodollar Rate Advances or to Convert Term Loans or Term Loan Borrowings into Eurodollar Rate Advances shall be suspended until the Agent shall notify the Borrowers and the Lenders that the circumstances causing such suspension no longer exist.

Section 2.11    Payments and Computations.  (a) The Borrowers shall make each payment hereunder and under the other Loan Documents, without any right of counterclaim or set-off, not later than 1:00 p.m. on the day when due in U.S. dollars to the Agent at the Agent’s Account in same day funds.  The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or commitment fees ratably (other than amounts payable pursuant to Section 2.09, 2.12 or 9.04(c)) to the Lenders for the account of their respective Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement.  Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 9.07(e), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the other Loan Documents in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.
(b)    In addition, Agent may, at its option, charge such amount against any operating, investment or other account of a Borrower maintained with Agent or any of its Affiliates, without further application to or order of the Bankruptcy Court.
(c)    All computations of interest based on the Base Rate shall be made by the Agent on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the Eurodollar Rate or the Federal Funds Rate and of letter of credit fees, commitment fees and other fees shall be made by the Agent on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest or 

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commitment fees are payable.  Each determination by the Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.
(d)    Whenever any payment hereunder or under the other Loan Documents shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or commitment fee, as the case may be; provided, that if such extension would cause payment of interest on or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.
(e)    Unless the Agent shall have received notice from any Borrower prior to the date on which any payment is due by it to the Lenders hereunder that such Borrower will not make such payment in full, the Agent may assume that the applicable Borrower has made such payment in full to the Agent on such date and the Agent may, in reliance upon such assumption, cause to be distributed to each Lender on such due date an amount equal to the amount then due such Lender.  If and to the extent such Borrower shall not have so made such payment in full to the Agent, each Lender shall repay to the Agent forthwith on demand such amount distributed to such Lender together with interest thereon, for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to the Agent, at the Federal Funds Rate. 

Section 2.12    Taxes.  (a) Any and all payments by the Borrowers to or for the account of any Lender, the Agent or the Collateral Agent hereunder or under the other Loan Documents or any other documents to be delivered hereunder shall be made, in accordance with Section 2.11 or the applicable provisions of such other documents, free and clear of and without deduction for any and all present or future Taxes except as required by applicable law.  If the Borrowers shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder or under any other Loan Document or any other documents to be delivered hereunder  to any Lender, the Agent or the Collateral Agent, (i) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable shall be increased as may be necessary so that after making all required deductions for Indemnified Taxes (including deductions for Indemnified Taxes applicable to additional sums payable under this Section 2.12) such Lender, the Agent and the Collateral Agent (as the case may be) receive an amount equal to the sum each would have received had no such deductions of Indemnified Taxes been made, (ii) the Borrowers shall make such deductions as are determined by such Borrowers to be required based upon the information and documentation it has received pursuant to Sections 2.12(e) and (f)(i) and (iii) the Borrowers shall pay the full amount deducted to the relevant taxation authority or other authority in accordance with applicable law.
(b)    In addition, the Borrowers shall pay any present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies that arise from any payment made hereunder or under the other Loan Documents or from the execution, delivery or registration of, performing under, or otherwise with respect to, this Agreement or the other Loan Documents or any other documents to be delivered hereunder, but excluding any such taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 9.16) (hereinafter referred to as “Other Taxes”). Other Taxes shall not include any Taxes imposed on, or measured by reference to, gross income, net income or gain.
(c)    Without duplication of any additional amounts paid pursuant to Section 2.12(a), the Borrowers shall indemnify each Lender, the Agent and the Collateral Agent for and hold it harmless against the full amount of Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted by any jurisdiction on amounts payable under this Section 2.12) imposed on or 

40

paid by such Lender, the Agent or the Collateral Agent (as the case may be) and any liability (including penalties, interest and reasonable expenses) arising therefrom or with respect thereto.  A certificate as to the amount of such payment or liability delivered to the Borrowers by a Lender (with a copy to the Agent), or by the Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.  This indemnification shall be made within 10 days from the date such Lender, the Agent or the Collateral Agent (as the case may be) makes written demand therefor.
(d)    As soon as practicable after the date of any payment of Taxes pursuant to this Section, the Borrowers shall furnish to the Agent, at its address referred to in Section 9.02, the original or a certified copy of a receipt evidencing such payment to the extent such a receipt is issued therefor, or other written proof of payment thereof that is reasonably satisfactory to the Agent.
(e)    Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrowers and the Agent, at the time or times reasonably requested by the Borrowers or the Agent, such properly completed and executed documentation reasonably requested by the Borrowers or the Agent as will permit such payments to be made without withholding or at a reduced rate of withholding.  In addition, any Lender, if reasonably requested by the Borrowers or the Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrowers or the Agent as will enable the Borrowers or the Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. 
(f)    Without limiting the generality of the foregoing:
(i)    Each Lender that is a United States person, on or prior to the date of its execution and delivery of this Agreement in the case of each Lender and on the date of the Assignment and Acceptance pursuant to which it becomes a Lender in the case of each other Lender, and from time to time thereafter as reasonably requested in writing by the Borrowers or the Agent, shall provide each of the Agent and the Borrowers with two executed originals of Internal Revenue Service Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding Tax on payments pursuant to this Agreement or the other Loan Documents; and
(ii)    Each Lender organized under the laws of a jurisdiction outside the United States, and each other Lender that is not a domestic corporation within the meaning of Section 7701(a)(30) of the Internal Revenue Code:
(1)    on or prior to the date of its execution and delivery of this Agreement in the case of each Lender and on the date of the Assignment and Acceptance pursuant to which it becomes a Lender in the case of each other Lender, and from time to time thereafter as reasonably requested in writing by the Borrowers (but only so long as such Lender remains lawfully able to do so), shall, to the extent it is legally entitled to do so, provide each of the Agent and the Borrowers with two executed originals of Internal Revenue Service Forms W-8BEN, W-8BEN-E or W-8ECI, as appropriate, or any successor or other form prescribed by the Internal Revenue Service, certifying that such Lender is exempt from or entitled to a reduced rate of United States withholding Tax on payments pursuant to this Agreement or the other Loan Documents; and 
(2)    on or prior to the date of its execution and delivery of this Agreement in the case of each Lender and on the date of the Assignment and Acceptance 

41

pursuant to which it becomes a Lender in the case of each other Lender, and from time to time thereafter as reasonably requested in writing by the Borrowers (but only so long as such Lender remains lawfully able to do so), shall, to the extent it is legally entitled to do so, provide each of the Agent and the Borrowers with executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax (including, if applicable, a certificate substantially in the form of Exhibit G-1 establishing such Lender’s entitlement to the exemption for portfolio interest under Section 881(c) of the Code), duly completed, together with supplementary documentation as may be prescribed by applicable law to permit the Borrowers or the Agent to determine the withholding or deduction required to be made.
If the form provided by a Lender at the time such Lender first becomes a party to this Agreement indicates a United States interest withholding Tax rate in excess of zero, withholding Tax at such rate shall be considered excluded from Indemnified Taxes unless and until such Lender provides the appropriate forms certifying that a lesser rate applies, whereupon withholding Tax at such lesser rate only shall be considered excluded from Indemnified Taxes for periods governed by such form; provided, however, that, if at the date of the Assignment and Acceptance pursuant to which a Lender assignee becomes a party to this Agreement, the Lender assignor was entitled to payments under subsection (a) in respect of United States withholding Tax with respect to interest paid at such date, then, to such extent, the term Indemnified Taxes shall include (in addition to withholding Taxes that may be imposed in the future or other amounts otherwise includable in Indemnified Taxes) United States withholding Tax, if any, applicable with respect to the Lender assignee on such date.  If any form or document referred to in this subsection (f) requires the disclosure of information, other than information necessary to compute the Tax payable and information required on the date hereof by Internal Revenue Service Form W-8BEN, W-8BEN-E, or W-8ECI, that the Lender reasonably considers to be confidential, the Lender shall give notice thereof to the Borrowers and shall not be obligated to include in such form or document such confidential information.  For purposes of this subsection (f), the terms “United States” and “United States person” shall have the meanings specified in Section 7701 of the Internal Revenue Code.
(g)    For any period with respect to which a Lender has failed to provide the Borrowers with the appropriate form, certificate or other document described in Section 2.12(e) (other than if such failure is due to a change in law, or in the interpretation or application thereof, occurring subsequent to the date on which a form, certificate or other document originally was required to be provided, or if such form, certificate or other document otherwise is not required under subsection (e) above), such Lender shall not be entitled to indemnification under Section 2.12(a) or (c) with respect to Indemnified Taxes imposed by the United States by reason of such failure; provided, however, that should a Lender become subject to Indemnified Taxes because of its failure to deliver a form, certificate or other document required hereunder, the Borrowers shall take such steps as the Lender shall reasonably request to assist the Lender to recover such Indemnified Taxes. Further, if a payment made to the Agent or any Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in section 1471(b) or 1472(b) of the Internal Revenue Code, as applicable), the Agent or such Lender, as applicable, shall deliver to the Borrowers and the Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrowers or the Agent such documentation prescribed by applicable law (including as prescribed by section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such additional documentation reasonably requested by the Borrowers or the Agent as may be necessary for the Borrowers and the Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment.  Solely 

42

for purposes of this paragraph (g), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.
(h)    Each Lender agrees that if any form or certification it previously delivered pursuant to this Section 2.12 expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrowers and the Agent in writing of its legal inability to do so.
(i)    Any Lender claiming any additional amounts payable pursuant to this Section 2.12 agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to change the jurisdiction of its Eurodollar Lending Office if, in the reasonable judgment of such Lender, the making of such a change would avoid the need for, or reduce the amount of, any such additional amounts that may thereafter accrue and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender or subject such Lender to any unreimbursed cost or expense. The Borrowers hereby agree to pay all reasonable costs and expenses incurred by any Lender in connection with any such change.
(j)    If any Lender determines, in its sole discretion exercised in good faith, that it has actually and finally realized, by reason of a refund, deduction or credit of any Indemnified Taxes paid or reimbursed by the Borrowers pursuant to subsection (a) or (c) above in respect of payments under this Agreement or the other Loan Documents, a current monetary benefit that it would otherwise not have obtained, and that would result in the total payments under this Section 2.12 exceeding the amount needed to make such Lender whole, such Lender shall pay to the Borrowers, with reasonable promptness following the date on which it actually realizes such benefit, an amount equal to the amount of such excess, net of all out-of-pocket expenses incurred by such Lender reasonably allocable in securing such refund, deduction or credit, provided that the Borrowers, upon the request of such Lender, agree to repay the amount paid over to the Borrowers to such Lender in the event such Lender is required to repay such refund to such jurisdiction.  Nothing in this subsection (j) shall be construed to require any Lender to make available to the Borrowers or any other Person its tax returns or any confidential tax information..
(k)    If the Agent, the Collateral Agent or any Lender, as the case may be, shall become aware that it is entitled to claim a refund from a Governmental Authority in respect of Indemnified Taxes or Other Taxes paid by Borrower pursuant to this Section 2.12, including Indemnified Taxes or Other Taxes as to which it has been indemnified by Borrower, or with respect to which Borrower or a Group Member that is a signatory hereto has paid additional amounts pursuant to this Section 2.12, it shall notify Borrower of the availability of such refund claim and, if the Agent, the Collateral Agent or any Lender, as the case may be, determines in good faith that making a claim for refund will not have any adverse consequence to its Taxes or business operations, shall, after receipt of a request by Borrower, make a claim to such Governmental Authority for such refund at Borrower’s expense.

Section 2.13    Sharing of Payments, Etc.  If any Lender shall obtain any payment from any Group Member (whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) on account of the Term Loans, or other amounts owing to it (other than pursuant to Section 2.09, 2.12 or 9.04(c)) in excess of its ratable share, such Lender shall forthwith purchase from the other Lenders such participations in the Term Loan  or other amounts owing to them as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of them; provided, that if all or any portion of such excess payment is thereafter recovered from such purchasing Lender, such purchase from each Lender shall be rescinded and such Lender shall repay to the purchasing Lender the purchase price to the extent of such recovery together with an amount equal to such Lender’s ratable share (according to the proportion of (i) the amount of such Lender’s required repayment to (ii) the total 

43

amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered.  The Borrowers agree that any Lender so purchasing a participation from another Lender pursuant to this Section 2.13 may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of the Borrowers in the amount of such participation.

Section 2.14    Use of Proceeds of Term Loan.  The proceeds of the Term Loan shall be available (and each Borrower agrees that it shall use such proceeds) for operating, working capital and general corporate purposes of the Loan Parties, in each case, consistent with, subject to and within the limitations contained in, the Approved Budget (including to fund the Carve-Out Reserve and to pay other fees, costs and expenses incurred in connection with the transactions contemplated hereby and other administrative costs incurred in connection with the transactions contemplated with the Chapter 11 Cases); provided, that no proceeds of the Term Loans or cash collateral shall be used to, among other things, (x) object, contest or raise any defense to the validity, perfection, priority, extent or enforceability of any amount due under or the liens and security interests granted under the Loan Documents or (y) investigate, initiate or prosecute any claims and defenses or commence causes of action against any Credit Party under or relating to the Loan Documents; provided, further, that not more than $100,000 in the aggregate of proceeds of the Carve-Out, any Cash Collateral, or any proceeds of the Junior DIP Facility, DIP ABL Facility or the Junior DIP Collateral and DIP ABL Collateral may be used by the Creditors’ Committee for purposes of investigating such claims, liens, or interests of the Prepetition ABL Credit Parties (but not to litigate any of the foregoing).

Section 2.15    Superpriority Claims; Security and Priority of Liens. The Obligations, including all obligations of Holdings and each Subsidiary Guarantor in respect of its guarantee of the Obligations, shall, subject to the Carve-Out and the Senior Permitted Liens, at all times1:  
(a)    pursuant to sections 364(c)(1), 503(b), and 507(a)(2) of the Bankruptcy Code, be entitled to joint and several superpriority administrative expense claim status in the Chapter 11 Case of such Loan Party and any Successor Cases (as defined in the Financing Orders) (the “Junior DIP Facility Superpriority Claims”); provided, however, that the Junior DIP Facility Superpriority Claims will be of equal priority to the DIP ABL Superpriority Claims (as defined in the Final ABL Financing Order) awarded to the DIP ABL Control Co-Collateral Agent (as defined in the Final ABL Financing Order) under the Final ABL Financing Order;
(b)    pursuant to section 364(c)(3) of the Bankruptcy Code, an automatically perfected junior security interest in and lien on all Prepetition ABL Collateral, subject to the relative priorities for Prepetition ABL Collateral set forth in the table included as part of this Section 2.15 below;
(c)    pursuant to sections 364(d) and 364(c)(3) of the Bankruptcy Code,  an automatically perfected junior security interest in and lien on all Junior DIP Collateral (other than Prepetition ABL Collateral) that is subject to valid and perfected liens and security interests in favor of third parties as of the Petition Date, junior only to (i) such liens and security interests in favor of such third parties as of the Petition Date, (ii) the Senior Permitted Liens, and (iii) the DIP ABL Liens;  
____________________________
1 It being understood and agreed that for purposes of this Section 2.15 all capitalized terms used but not defined herein shall have the meanings set forth in the Interim Financing Order unless otherwise defined in this Section 2.15

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(d)    pursuant to section 364(d) of the Bankruptcy Code, an automatically perfected security interest in and lien on all Junior DIP Collateral that is not otherwise subject to a valid, perfected and non-avoidable security interest or lien as of the Petition Date (other than Specified Collateral, as defined below, but specifically including those assets described on Schedule 3 hereto, collectively, the “Prepetition Unencumbered Collateral”), which, for the avoidance of doubt shall be junior only to the Senior Permitted Liens and the DIP ABL Liens; and 
(e)    pursuant to section 364(d) of the Bankruptcy Code,  an automatically perfected first priority security interest in and lien on (i) all of the rights, title and interests of any Junior DIP Obligor in that certain cause of action identified on Schedule 1 to the Interim Financing Order  and (ii) all of the rights, title and interests of any Junior DIP Obligor in the assets set forth on Schedule 2 of the Interim Financing Order and all books, records, documents and data related thereto and all proceeds thereof (such collateral and proceeds, collectively, the “Specified Collateral”) which security interest and lien shall be pari passu with the DIP ABL Liens; provided, that the proceeds of such Specified Collateral shall be shared by the Junior DIP Lenders and the DIP ABL Lenders pro rata based on the aggregate commitment amount under the Junior DIP Facility (i.e., $350,000,000) and aggregate incremental commitments and extensions of credit under the DIP ABL Facility (i.e., $300,000,000) without giving regard to the roll-up portion thereof, respectively; 
(f)    Notwithstanding anything to the contrary herein, the following table sets forth (i) the relative priorities of the Carve-Out, the Senior Permitted Liens, DIP ABL Liens, Junior DIP Liens, Adequate Protection Liens and the Postpetition Intercompany Liens, provided that the Prepetition Second Lien Adequate Protection Liens shall be asserted only against the assets of the Prepetition Second Lien Loan Parties, and the Prepetition Liens on the Junior DIP Collateral upon effectiveness of this Interim Junior DIP Order:

45

	
				
	Prepetition ABL Collateral
	Prepetition Encumbered Collateral2

	Prepetition Unencumbered Collateral
(Other than Specified Collateral)
	Specified Collateral

	Carve-Out
	Carve-Out
	Carve-Out
	Carve-Out

	Senior Permitted Liens
	All valid and perfected security interests in favor of third parties as of the Petition Date and any Senior Permitted Liens
	Senior Permitted Liens
	Senior Permitted Liens

	DIP ABL Liens
	DIP ABL Liens
	DIP ABL Liens
	DIP ABL Liens, pari passu with Junior DIP Liens

	Prepetition ABL Facilities Adequate Protection Liens
	Junior DIP Liens
	Junior DIP Liens
	Prepetition ABL Facilities Adequate Protection Liens

	2018 FILO Adequate Protection Liens
	Prepetition ABL Facilities Adequate Protection Liens
	Prepetition ABL Facilities Adequate Protection Liens
	2018 FILO Adequate Protection Liens

	Prepetition LC Facility Adequate Protection Liens
	2018 FILO Adequate Protection Liens
	2018 FILO Adequate Protection Liens
	Prepetition LC Facility Adequate Protection Liens

	Prepetition ABL Liens
	Prepetition LC Facility Adequate Protection Liens
	Prepetition LC Facility Adequate Protection Liens
	Postpetition Intercompany Liens

	Postpetition Intercompany Liens
	Postpetition Intercompany Liens
	Postpetition Intercompany Liens
	Prepetition Second Lien Adequate Protection Liens
(only with respect to property of Prepetition Second Lien Loan Parties)

	Prepetition Second Lien Adequate Protection Liens
	Prepetition Second Lien Adequate Protection Liens
(only with respect to property of Prepetition Second Lien Loan Parties)
	Prepetition Second Lien Adequate Protection Liens
(only with respect to property of Prepetition Second Lien Loan Parties)
	 

	Prepetition Second Lien Facilities Liens (except on Specified Non-Prepetition Second Lien Collateral)
	 
	 
	 

	Junior DIP Liens
	 
	 
	 

____________________________

2 The priorities set forth in this column are subject to paragraph 63 of the Interim Financing Order.

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Section 2.16    Extension Option.  At any time prior to the Scheduled Termination Date, the Borrowers may, upon three Business Days’ notice to the Agent (or such lesser notice as agreed to by the Agent) and payment of any fees required to be paid in connection therewith pursuant to Section 2.03(c), exercise the option to extend the maturity of this Agreement for an additional four months following the Scheduled Termination Date (the “Extension Option”) provided that no Event of Default shall exist immediately prior to or after giving effect to the Extension Option.

ARTICLE III    

[Reserved].  

ARTICLE IV     
 
CONDITIONS TO EFFECTIVENESS

Section 4.01    Conditions Precedent to Effectiveness.  The effectiveness of this Agreement and the obligation of the Lenders to make each Interim DIP Loan is conditioned upon satisfaction (or waiver) of each of the following conditions precedent:
(a)    Loan Documents. The Agent shall have received each of the following, each of which shall be originals or telecopies or other electronically transmitted copies (followed promptly by originals) unless otherwise specified, each in form and substance satisfactory to the Agent in its reasonable discretion:
(i)    this Agreement, executed and delivered by an Authorized Officer of Holdings and the Borrowers, each of the Lenders, the Collateral Agent, and the Agent; 
(ii)    the Guarantee and Collateral Agreement, executed and delivered by an Authorized Officer of the applicable Loan Parties party thereto, the Collateral Agent, and the Agent; 
(iii)    DIP Intercreditor Agreement, executed and delivered by an Authorized Officer of the applicable Loan Parties party thereto, the DIP ABL Loan Agent, Collateral Agent and the Agent; 
(iv)    each other Loan Document set forth on Schedule 4.01, each executed and delivered by an Authorized Officer of the applicable Loan Parties party thereto;
(b)    Secretary’s Certificate; Organizational Documents; Good Standing Certificates. The Agent shall have received (i) copies of each Loan Party’s organization or other governing documents and such other documents, (ii) the identity, authority and capacity of each Authorized Officer 

47

thereof authorized to act as an Authorized Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party or is to be a party, (iii) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Authorized Officers of each Loan Party as the Agent may reasonably require evidencing (A) the authority of each Loan Party to enter into this Agreement and the other Loan Documents to which such Loan Party is a party or is to be a party and (B) the identity, authority and capacity of each Authorized Officer thereof authorized to act as an Authorized Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party or is to be a party, and (iv) a good standing certificate from the applicable governmental authority of each Loan Party’s jurisdiction of incorporation, organization or formation (to the extent such concept exists in the relevant jurisdictions), in each case, in form and substance reasonably satisfactory to the Agent.
(c)    Interim Financing Order. The Effective Date shall have occurred not later than three (3) Business Days after the entry of the Interim Financing Order.
(d)    Legal Opinions. Agent shall have received a copy of a customary opinion of counsel for the Loan Parties addressed to Agent, the Collateral Agent and the Lenders  and as to such matters as the Agent may reasonably request, and otherwise in form and substance reasonably satisfactory to the Agent.
(e)    Extension of Credit Certificate. Agent shall have received a certificate signed by an Authorized Officer of Holdings and the Borrowers certifying (A) that the conditions specified in Section 4.02 have been satisfied and (B) that the Perfection Certificate is true and correct in all material respects, in each case, in form and substance reasonably satisfactory to the Agent.
(f)    Lien Searches. Agent shall have received results of searches or other evidence reasonably satisfactory to the Collateral Agent (in each case dated as of a date reasonably satisfactory to the Collateral Agent) indicating the absence of Liens on the assets of the Loan Parties, except for Permitted Liens; 
(g)    [Reserved]
(h)    Uniform Commercial Code Filings. All actions required by law or reasonably requested by the Collateral Agent to be undertaken, and all documents and instruments, including Uniform Commercial Code financing statements, required by law or reasonably requested by the Collateral Agent to be filed, registered, or recorded to create or perfect the Liens intended to be created under the Loan Documents and all such documents and instruments shall have been so filed, registered or recorded to the satisfaction of the Collateral Agent.
(i)    Material Adverse Effect. There shall have been no event or circumstance since the date of the Entry of the Interim Financing Order that has had or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.
(j)    Fees and Expenses. (i) All fees required to be paid to the Agent, the Collateral Agent, the Lead Lender or the Lenders on or before the Effective Date shall have been paid in full, (ii) the Borrowers shall have paid all costs and expenses of the Agent, the Collateral Agent and the Lead Lender (to the extent set forth in Section 9.04(a) and invoiced) incurred in connection with or relating to this Agreement and the other Loan Documents, including reasonable fees, charges and disbursements of counsel to the Agent, the Collateral Agent the Lead Lender (provided that such payment shall not thereafter preclude a final settling of accounts between the Borrowers and the Agent, the Collateral Agent and the Lead Lender).

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(k)    KYC; Patriot Act. (i) Each Loan Party shall have provided the documentation and other information requested by the Lenders at least three (3) Business Days prior to the Effective Date that is required by authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation, the PATRIOT Act, and (ii) to the extent the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, the Borrower shall have provided a Beneficial Ownership Certification in relation to the Borrower at least two (2) Business Days prior to the Effective Date.
(l)    Interim Financing Order. The Agent shall have received a signed copy of the Interim Financing Order, which such Interim Financing Order shall not have been vacated, reversed, modified, amended or stayed in any respect.
(m)    Trustee Appointment or Election. No trustee, responsible officer or examiner having powers related to the operation of the business (beyond those set forth under sections 1106(a)(3) and (4) of the Bankruptcy Code) under Bankruptcy Code section 1104 (other than a fee examiner) shall have been appointed or elected with respect to the Loan Parties, any of their subsidiaries, or any of their respective properties, or any Loan Party or its subsidiaries shall have applied for, consented to, or acquiesced in, any such appointment, with respect to the Loan Parties, any of their subsidiaries or their respective properties.
(n)    Approved Initial Budget. The Agent shall have received the Approved Initial Budget in form and substance satisfactory to the Agent in its reasonable discretion. 
(o)    Litigation or other action. There shall exist no unstayed action, suit, investigation, litigation or proceeding pending or (to the knowledge of the Loan Parties) threatened in any court or before any arbitrator or governmental instrumentality (other than the Chapter 11 Cases) that could reasonably be expected to have a Material Adverse Effect.
(p)    Requirements of law. Upon entry of the Interim Financing Order, the entry into this Agreement shall not violate any requirement of law and shall not be enjoined, temporarily, preliminarily, or permanently.
(q)    Monthly Projections; Store Footprint Plan. The Agent and the Lead Lender shall have received and be satisfied, in their respective reasonable discretion, with: (i) monthly projections (which shall consist of an income statement only) through Holdings’ fiscal year end dated as of a date not more than 1 Business Days prior to the Effective Date; (ii) a cash flow forecast for the 13-week period ending after the Effective Date dated as of a date not more than 1 Business Day prior to the Effective Date; (iii) the Store Footprint Plan dated as of a date not more than 1 Business Day prior to the Effective Date.
(r)    Environmental Reports. The Agent shall have received any requested environmental review reports to the extent previously prepared and readily available to the Loan Parties.
(s)    Designated Real Estate. The Agent shall have received a copy of the leases and subleases, as applicable, for substantially all leased Designated Real Estate and any existing title policies or title commitments in the possession of Debtors for Designated Real Estate owned in fee.
(t)    Liens.  The Agent, for the benefit of the Agent and the Lenders upon entry of the Interim Order shall have the valid and perfected liens on the security interests in the Collateral of the Loan Parties contemplated by the Loan Documents.

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(u)    No material adverse effect shall have occurred to the Agent’s rights and remedies under the Loan Documents and the Financing Orders (other than for the Chapter 11 Cases and events or circumstances resulting from the commencement of the Chapter 11 Cases) as of the Petition Date.  
(v)    The Agent shall have received copies of the DIP ABL Credit Agreement and the Guarantee and Collateral Agreement (as defined in the DIP ABL Credit Agreement) in form and substance reasonably satisfactory to it. 
(w)    The Effective Date shall have occurred not later than three business days after the entry of the Interim Order.

Section 4.02    Conditions Precedent to Each Extension of Credit.  The obligation of each Lender to make an Extension of Credit on any date shall be subject to the conditions precedent that the effectiveness of this Agreement shall have occurred and on the date of such Extension of Credit the following statements shall be true (and each of the giving of the applicable Notice of Borrowing, and the acceptance by the applicable Borrower of the proceeds of such Term Loan Borrowing shall constitute a representation and warranty by the applicable Borrower that on the date of such Term Loan Borrowing such statements are true):
(a)    Representation and Warranties. The representations and warranties made by each Loan Party in or pursuant to the Loan Documents are true and correct on and as of such date in all material respects, before and after giving effect to such Extension of Credit and to the application of the proceeds therefrom, as though made on and as of such date, except to the extent that (A) such representations or warranties are qualified by a materiality standard, in which case they shall be true and correct in all respects, and (B) such representations or warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects as of such earlier date);
(b)    Events of Default. No event has occurred and is continuing, or would result from such Extension of Credit or from the application of the proceeds therefrom, that constitutes a Default or an Event of Default;
(c)    Notice of Borrowing. A Notice of Borrowing, executed and delivered by the Borrowers to the Agent three (3) Business Days prior to funding;
(d)    Dismiss or Convert. The Chapter 11 Cases shall not have been dismissed or converted to a case under Chapter 7 of the Bankruptcy Code;
(e)    Enlarged Powers. No trustee under Chapter 11 of the Bankruptcy Code or examiner with enlarged powers beyond those set forth in sections 1106(a)(3) and (4) of the Bankruptcy Code shall have been appointed in the Loan Parties Chapter 11 Case; 
(f)    Total Extensions of Credit. Such Extension of Credit shall not result in the Total Extensions of Credit exceeding the amount authorized for the DIP Junior Facility by the Final Financing Order; 
(g)    Financing Orders. (i) The applicable Financing Order shall be in full force and effect and shall not have been vacated, reversed, stayed, amended or modified in any respect or subject to a stay pending appeal, (ii) no motion for reconsideration of such Financing Order shall have been timely filed by any of the Debtors or their Subsidiaries, (iii) no appeal of such Financing Order shall have been timely filed, and (iv) Loan Parties shall be in compliance in all material respects with the Financing Orders; 

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(h)    The Loan Parties shall be in compliance in all material respects with the Financing Orders; and
(i)    The Loan Parties shall have paid, without duplication, all fees due and payable to the Agent and the Lenders hereunder on such date.  

Section 4.03    Conditions Precedent to Subsequent DIP Loans.   The obligation of the Lenders to advance each Subsequent DIP Loan (other than with respect to any Interim DIP Loan) shall be subject to the satisfaction (or waiver by the Agent) of the following conditions (the “Subsequent Funding Conditions”) and the date when such conditions are satisfied or waived, the “Final Closing Date”):
(a)    Final Financing Order. (i) The Agent shall have received a copy of the Final Financing Order, and (ii) the Final Financing Order, in form and substance reasonably satisfactory to the Agent in its reasonable discretion, shall have been entered and be in full force and effect and shall not have been (A) vacated, reversed, or stayed, or (B) amended or modified except as otherwise agreed to in writing by the Agent in its reasonable discretion;
(b)    Fees and Expenses. The Agent shall have received payment from the Term Loan proceeds of all reasonable and documented out-of-pocket costs, fees, expenses (including, without limitation, reasonable and documented legal fees and expenses) set forth in the Loan Documents or otherwise required to be paid or reimbursed to the Agent and the Lenders on or before such date shall have been paid; 
(c)    Insurance. The Agent shall have received, in form and substance reasonably satisfactory to the Agent, (i) reasonably requested insurance certificates, and (ii) endorsements naming the Agent, on behalf of the Lenders, as an additional insured and lender loss payee , as applicable, under all insurance policies required to be maintained with respect to the Collateral pursuant to the terms of the Loan Documents;
(d)    Beneficial Ownership Regulation. The Agent and each Lender shall have received “know your customer” and similar information (including the Beneficial Ownership Regulation);
(e)    Budget Variance Report. The Agent shall have received a pro forma Budget Variance Report prepared as of the date of such drawing, which shall not show any variance other than a Permitted Variance; 
(f)    Approved Budget. The Agent shall have received the Approved Budget; and
(g)    Liquidation Agent. The Loan Parties shall have retained the Liquidation Agent.

ARTICLE V     
 
REPRESENTATIONS AND WARRANTIES

Section 5.01    Representations and Warranties of Holdings and the Borrowers.
 Holdings and the Borrowers hereby jointly and severally represent and warrant as follows: 
(a)    Organization; Power and Authority; EEA Financial Institution; EEA Financing Institutions. Each Loan Party (i) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and (ii) is in compliance with all Requirements of Law except to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect.  No Loan Party is an EEA Financial Institution.
(b)    Due Authorization; No Conflict. Upon entry of the Final Financing Order, the execution, delivery and performance by each Loan Party of the Loan Documents to which it is a party, 

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and the consummation of the transactions contemplated hereby or thereby, are within such Loan Party’s powers, have been duly authorized by all necessary organizational action, and do not contravene (i) the charter or by-laws or other organizational or governing documents of such Loan Party or (ii) law or any contractual restriction binding on or affecting any Loan Party. 
(c)    Government Approvals; Consents. Upon entry of the Final Financing Order, no authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body or any other third party is required for the due execution, delivery and performance by any Loan Party of any Loan Document to which it is a party that has not already been obtained.
(d)    Due Execution. Each Loan Document has been duly executed and delivered by each Loan Party party thereto. Upon entry of the Final Financing Order, this Agreement constitutes, and each other Loan Document will constitute upon execution, the legal, valid and binding obligation of each Loan Party party thereto enforceable against such Loan Party in accordance with its respective terms and the Final Financing Order, subject to the effect of any applicable bankruptcy, insolvency, reorganization or moratorium or similar laws affecting the rights of creditors generally and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).
(e)    Financial Statements. The consolidated and consolidating balance sheets of Holdings and its Subsidiaries and the related consolidated statements of income and cash flows and shareholders’ equity of Holdings and its Subsidiaries, that have been and are hereafter delivered to Agent and Lenders fairly present the consolidated financial condition and results of operations of Holdings and its Subsidiaries as at the dates and for the periods indicated, all in accordance with GAAP consistently applied. 
(f)    Absence of Material Adverse Effect. Since the date of the entry of the Interim Financing Order, there has been no event or circumstance, either individually or in the aggregate, that has had or would reasonably be expected to have a Material Adverse Effect.
(g)    Litigation. Other than the Chapter 11 Cases, there are no material unstayed Adverse Proceedings now pending or threatened or affecting Holdings, the Borrowers or any of their respective Subsidiaries before any court, Governmental Authority or arbitrator.
(h)    Margin Stock. No assets of the Borrowers and their respective Subsidiaries on a consolidated basis will be “Margin Stock” (within the meaning of Regulation U issued by the Board of Governors). No proceeds of any Extension of Credit or Letters of Credit will be used by Borrowers to purchase or carry, or to reduce or refinance any Debt incurred to purchase or carry, any Margin Stock or for any related purpose governed by Regulations T, U or X of the Board of Governors.
(i)    Investment Company Act. No Loan Party is an “investment company”, or a company “controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended.
(j)    Taxes. All United States Federal income tax returns and all other material tax returns which are required to be filed have been filed by or on behalf of Holdings, the Borrowers and their respective Subsidiaries, and all Taxes due with respect to Holdings, the Borrowers and their respective Subsidiaries pursuant to such returns or otherwise, or pursuant to any assessment received by Holdings, the Borrowers or any Subsidiary have been paid except to the extent permitted in Section 6.01(b).  The charges, accruals and reserves on the books of Holdings, the Borrowers and their Subsidiaries in respect of Taxes or other governmental charges have been made in accordance with, and to the extent required by, GAAP.

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(k)    Information; Accuracy. All written information (including the Approved Budget and each Rolling Budget) heretofore furnished by Holdings, the Borrowers or their Subsidiaries to the Agent, the Collateral Agent or any Lender (including the Perfection Certificate) for purposes of or in connection with this Agreement or any other Loan Document, taken as a whole, was true and correct in all material respects on the date as of which such information was stated or certified; provided, that with respect to projected financial information, the Loan Parties represent only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time.  As of the Effective Date, the information included in the Beneficial Ownership Certification, if applicable, is true and correct in all respects.
(l)    Collateral. No Collateral is subject to any Lien except the Permitted Liens existing on the Effective Date. Each Loan Party and Subsidiary has good and marketable title to (or valid leasehold interests in) all of its Real Property, and good title to all of its personal property, including all property reflected in any financial statements delivered to the Agent or the Lenders, in each case free of Liens except Permitted Liens.  Each Loan Party and Subsidiary has paid and discharged all lawful claims that, if unpaid, could become a Lien on its properties, other than Permitted Liens.  All Liens of the Agent in the Collateral are duly perfected Liens with the priority set forth in the DIP Intercreditor Agreement (subject to Permitted Liens entitled to priority under applicable law).  Schedule 5.01(l)(A) sets forth the address (including street address, county and state) of all previously unencumbered Real Property that is owned or ground leased by the Loan Parties as of the Effective Date (specifying whether each parcel of Real Property is either owned or ground leased).  Schedule 5.01(l)(B) sets forth the address (including street address, county and state) of all previously unencumbered Real Property that is leased by the Loan Parties as of the Effective Date, together with the name of each lessor and such lessor’s contact information. Each Lease of Real Property by the Loan Parties is enforceable (except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and by general principles of equity) against the lessor thereof in accordance with its terms and is in full force and effect and, other than for defaults arising solely as a result of the commencement of the Chapter 11 Cases, the Loan Parties are not in default of the terms of any such Lease; provided, that the representation set forth in this sentence shall not apply to any Lease for a Store location that is subject to the Specified Store Closing Sales if the failure of such representation to be true and correct would not impair the applicable Loan Party’s ability to continue to occupy such Store location. The Agent has received the Flood Documentation with respect to all Real Property.
(m)    Intellectual Property. Except as, in the aggregate, would not reasonably be expected to have a Material Adverse Effect: (i) each Loan Party owns, or is licensed to use, all Intellectual Property necessary for the conduct of its business as currently conducted; (ii) no material claim has been asserted and is pending by any Person challenging the use of any Intellectual Property or the validity or effectiveness of any such Intellectual Property or alleging that the conduct of the business of any Loan Party infringes, misappropriates, or otherwise violates in any material respect any Intellectual Property of any Person, nor do Holdings or the Borrowers know of any valid basis for any such claim; and (iii) to the best knowledge of Holdings and the Borrowers, neither the use of Intellectual Property by each Group Member nor the operation of their respective businesses infringes, misappropriates or otherwise violates the rights of any Person in any material respect.  
(n)    ERISA.
(i)    Except as set forth on Schedule 5.01(n) or as would not reasonably be expected to result in a Material Adverse Effect, (a) neither a Reportable Event nor a failure to meet minimum required contributions (in accordance with section 430 or any prior applicable section of the Internal Revenue Code or section 302 of ERISA) has 

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occurred during the five year period prior to the date on which this representation is made or deemed made with respect to any Plan, (b) each Plan is in compliance with the applicable provisions of ERISA, the Internal Revenue Code and other applicable federal or state laws, and (c) no termination of a Single Employer Plan has occurred.  Except as set forth on Schedule 5.01(n), no Lien imposed under the Internal Revenue Code or ERISA exists on account of any Plan, and no Lien in favor of the PBGC or a Plan has arisen, during such five-year period.  Each Single Employer Plan that is intended to qualify under section 401(a) of the Internal Revenue Code has received a favorable determination letter from the United States Internal Revenue Service (the “IRS”) and, to the best knowledge of Holdings and the Borrowers, nothing has occurred which would cause the loss of, such qualification.  Except as set forth on Schedule 5.01(n) or as would not reasonably be expected to result in a Material Adverse Effect, the Loan Parties and each ERISA Affiliate have made all required contributions to each Plan subject to section 430 of the Internal Revenue Code or section 302 of ERISA, and no application for a funding waiver or an extension of any amortization period pursuant to section 302 of ERISA or section 430 of the Internal Revenue Code has been made with respect to any Plan.  
(ii)    There are no pending or, to the best knowledge of Holdings and the Borrowers, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that would reasonably be expected to have a Material Adverse Effect.  There has been no prohibited transaction or violation of the fiduciary duty rules with respect to any Plan that has resulted or could reasonably be expected to result in a Material Adverse Effect.  No ERISA Event has occurred or is reasonably expected to occur, in each case that would reasonably be expected to result in a Material Adverse Effect.
(o)    Environmental Matters. Except as, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect, no Group Member (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) has any Environmental Liabilities, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of any basis for any Environmental Liability.
(p)    Security Interest. (i) The Guarantee and Collateral Agreement is effective to create in favor of the Collateral Agent, for the benefit of the Credit Parties, a legal, valid and enforceable security interest in the Collateral described therein and proceeds thereof.  
(i)    When financing statements and other filings specified on Schedule 5.01(p) in appropriate form are filed in the offices specified on Schedule 5.01(p), the Guarantee and Collateral Agreement shall, to the extent a security interest therein can be perfected by filing a UCC financing statement, constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security for the Obligations, in each case with the priority set forth in the DIP Intercreditor Agreement and subject to the Permitted Prior Liens.
(ii)    The Mortgages shall be effective to create in favor of the Collateral Agent (for the benefit of the Credit Parties) or, if so contemplated by the respective Mortgage, the Collateral Agent and the other Credit Parties, legal, valid and enforceable Liens on all of the Loan Parties’ rights, titles and interests in and to the Mortgaged Property thereunder and the proceeds thereof, and when such Mortgages are validly filed, registered 

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or recorded in the proper real estate filing, registration or recording offices, and all required mortgage Taxes and recording and registration charges are duly paid, the Collateral Agent (for the benefit of the Credit Parties) shall have valid Liens with record or registered notice to third parties on all rights, titles and interests of the Loan Parties in such Mortgaged Property.
(q)    Payables Practices. Except for managing payments of certain payables to conserve cash in the period immediately preceding the commencement of the Chapter 11 Cases, each Loan Party has not made any material change in the historical accounts payable practices from those in effect immediately prior to the date hereof.
(r)    Insurance Matters. The properties of the Loan Parties are insured as required pursuant to Section 6.01(c) hereof.  Each insurance policy required to be maintained by the Loan Parties pursuant to Section 6.01(c) is in full force and effect and all premiums in respect thereof that are due and payable have been paid.
(s)    Equity Interests. Each Loan has good title to the Equity Interests in its Subsidiaries and all such Equity Interests are duly issued, fully paid and non-assessable. There are no outstanding options to purchase, warrants, subscription rights, agreements to issue or sell, convertible interests, phantom rights or powers of attorney relating to any capital stock of any Loan Party (other than Holdings) or Subsidiary, except as set forth on Schedule 5.01(s). The copies of the organization and governing documents of each Loan Party provided pursuant to Section 4.01 are true and correct copies of each such document, each of which is valid and in full force and effect.
(t)    Labor Matters; Certain Employment Matters. As of the date of this Agreement, except as would not reasonably be expected to have individually or in the aggregate, a Material Adverse Effect, (a) there are no strikes, lockouts, slowdowns or other material labor disputes against any Loan Party or any Subsidiary thereof pending or, to the knowledge of Holdings or any Borrower, threatened, (b) the hours worked by and payments made to employees of the Loan Parties comply with the Fair Labor Standards Act and any other applicable federal, state, local or foreign law dealing with such matters, (c) all payments due from any Loan Party and its Subsidiaries, or for which any claim may be made against any Loan Party, on account of wages and employee health and welfare insurance and other benefits, have been paid or properly accrued in accordance with GAAP as a liability on the books of such Loan Party. Except as set forth on Schedule 5.01(t) (as updated by the Borrowers from time to time) (i) no Loan Party or any Subsidiary is a party to or bound by any collective bargaining agreement, management agreement or any material bonus, restricted stock, stock option, or stock appreciation plan or agreement or any similar plan, agreement or arrangement (excluding in each case individual employment agreements) and (ii) no employee of a Loan Party is also an employee of any Permitted Holder. There are no representation proceedings pending or, to the knowledge of Holdings or any Borrower, threatened to be filed with the National Labor Relations Board, and no labor organization or group of employees of any Loan Party or any Subsidiary has made a pending demand for recognition, in each case which would individually or in the aggregate reasonably be expected to result in a Material Adverse Effect. There are no complaints, unfair labor practice charges, grievances, arbitrations, unfair employment practices charges or any other claims or complaints against any Loan Party or any Subsidiary pending or, to the knowledge of Holdings or any Borrower, threatened to be filed with any Governmental Authority or arbitrator based on, arising out of, in connection with, or otherwise relating to the employment or termination of employment of any employee of any Loan Party or any of its Subsidiaries which would, individually or in the aggregate, be reasonably expected to result in a Material Adverse Effect. The consummation of the transactions contemplated by the Loan Documents will not require the consent of any union or other labor organization or give rise to any right of termination or right of 

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renegotiation on the part of any union under any collective bargaining agreement to which any Loan Party or any of its Subsidiaries is bound, except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 
(u)    WARN Act. No Loan Party has incurred any liability or obligation under the Worker Adjustment and Retraining Notification Act or any similar federal or state law that remains unpaid or unsatisfied and is in excess of $100,000 individually or $750,000 in the aggregate for all such liabilities.
(v)    Brokerage Fees. No broker or finder brought about the obtaining, making or closing of the Term Loan or transactions contemplated by the Loan Documents, and other than amounts payable pursuant to the Agent Fee Letter, no Loan Party or Affiliate thereof has any obligation to any Person in respect of any finder’s or brokerage fees in connection therewith.
(w)    Limitation on Certain Transactions. No Loan Party has any obligation to any Permitted Holder with respect to any consulting, management or similar fee; provided, that for the avoidance of doubt, the foregoing shall not apply to (i) any arrangement disclosed in Holdings’ annual report on form 10-K for the fiscal year ended February 3, 2018 or (ii) any employment arrangement between any Loan Party and an individual  Person who is also an employee of a Permitted Holder, so long as such employment arrangements are (x) on terms that are fair and reasonable and comparable to terms provided to employees in comparable positions for companies of a comparable size and no less favorable to such Loan Party than it would obtain in a comparable arm’s length transaction with a Person that is not an employee of a Permitted Holder, (y)  in the case of any officer (as defined in Rule 16a-1 under the Securities Exchange Act of 1934) or director of Holdings, any beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934) of more than 10.0% of Holdings’ Equity Interests or any Person that ranks in the top five in compensation among all employees of the Loan Parties, approved by a majority of disinterested members of the board of directors of Holdings in good faith and (z) arrangements fully disclosed in writing to the Agent on or before the Effective Date.
(x)    PATRIOT Act; Anti-Corruption. To the extent applicable, each Loan Party is in compliance, in all material respects, with (i) AML Laws, (ii) the PATRIOT Act, (iii) the United States Foreign Corrupt Practices Act of 1977 (the “FCPA”), and (iv) the Corruption of Foreign Public Officials Act, as amended. No part of the proceeds of any credit extensions will be used, directly or, to the Loan Parties’ knowledge, indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the FCPA.
(y)    Pension Plan Matters. None of Holdings, the Borrowers, any of their respective Subsidiaries, nor any Permitted Holder or Significant Holder is an Affiliate of the Sears Holdings Pension Plan. The Sears Holdings Pension Plan qualifies as an Eligible Assignee pursuant to the definition thereof.
(z)    Sanctions; OFAC. No Group Member, nor any of their respective directors, officers, employees, agents or Affiliates, is a Sanctioned Person. Each Group Member has implemented and maintains in effect policies and procedures designed to ensure compliance by each Group Member and their respective directors, officers, employees, agents, and Affiliates, with applicable Sanctions. Each Group Member and their respective directors, officers, and employees to the extent of their activities in those capacities, and, to the knowledge of each Group Member, their respective agents and Affiliates, to the extent of their activities in those capacities, is and at all times during the past five (5) years has been in compliance with applicable Sanctions.  No Group Member will, directly or, to their knowledge after due inquiry, indirectly, 

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use the proceeds of any credit extensions, or lend, contribute or otherwise make available such proceeds to any Person in any manner that would directly or indirectly result in a violation of applicable Sanctions by any Person.
(aa)    Financing Orders. 
(i)    The applicable Financing Order is in full force and effect, and has not been vacated, reversed, terminated, stayed, modified or amended in any manner without the written consent of the Agent, acting reasonably.
(ii)    Upon the occurrence of the Termination Date (whether by acceleration or otherwise), the Agent shall, subject to Article VII and the applicable provisions of the applicable Financing Order, be entitled to immediate payment of the Obligations and to enforce the remedies provided for under this Agreement and the other Loan Documents in accordance with the terms hereof, thereof and the applicable Financing Order, in each case without further application to or order by the Bankruptcy Court.
(iii)    If the applicable Financing Order is the subject of a pending appeal in any respect, none of the applicable Financing Order, the extension of credit or the performance by any Loan Party of any of its obligations under this Agreement or any of the other Loan Documents shall be the subject of a presently effective stay pending appeal.  The Debtors, the Agent, the Collateral Agent and the Lenders shall be entitled to rely in good faith upon the Final Financing Order, notwithstanding any objection thereto or appeal therefrom by any interested party.  The Debtors, the Agent, the Collateral Agent and the Lenders shall be permitted and required to perform their respective obligations in compliance with the Loan Documents notwithstanding any such objection or appeal, unless the Final Financing Order has been stayed by a court of competent jurisdiction.
(bb)    Security Interest. Upon entry of each of the Interim Financing Order and the Final Financing Order, and subject to the DIP Intercreditor Agreement, each such Financing Order was or shall be effective to create in favor of the Collateral Agent, for the benefit of the Lenders, a legal, valid enforceable and perfected security interest in the Collateral and proceeds thereof, as and to the extent contemplated by each such Financing Order, as described in this Agreement and the other Loan Documents. 
(cc)    Appointment of Trustee or Examiner; Liquidation. No order has been entered in any of the Chapter 11 Cases (a) for the appointment of a Chapter 11 trustee, (b) for the appointment of a responsible officer or examiner (other than a fee examiner) having expanded powers (beyond those set forth under sections 1106(a)(3) and (4) of the Bankruptcy Code) under section 1104 of the Bankruptcy Code or (c) to convert any of the Chapter 11 Cases to a case under Chapter 7 of the Bankruptcy Code or to dismiss any of the Chapter 11 Cases.  
(dd)    No Other Insolvency Proceeding. None of the Loan Parties is a debtor in any Insolvency Proceeding.
(ee)    Superpriority Claims; Liens. Upon the entry of each of the Interim Financing Order and the Final Financing Order, each such Financing Order and the Loan Documents are sufficient to provide the superpriority claims and security interests and Liens on Collateral of the Loan Parties described in, and with the priority provided in, the Financing Orders and the Loan Documents, as applicable.

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(ff)    Non-Subsidiary Guarantor Entities. Since August 4, 2018, no Loan Party has transferred any assets to any Specified Subsidiary other than as reported in filings with the SEC made prior to the Petition Date.
(gg)    Approved Budget. The Borrowers have heretofore furnished to the Agent the Approved Budget and such Approved Budget was prepared in good faith upon assumptions that the Borrowers believed to be reasonable assumptions on the date of delivery of the then-applicable Approved Budget. To the knowledge of the Borrowers, no facts exist that (individually or in the aggregate) would result in any material change in the Approved Budget.
(hh)    Reorganization Matters.
(i)    The Chapter 11 Cases were commenced on the Petition Date in accordance with applicable law and proper notice thereof was given for (i) the motion seeking approval of the Loan Documents and the Interim Financing Order and Final Financing Order, (ii) the hearing for the entry of the Interim Financing Order, and (iii) the hearing for the entry of the Final Financing Order. The Debtors have given, on a timely basis as specified in the Interim Financing Order, all notices required to be given to all parties specified in the Interim Financing Order.
(ii)    After the entry of the Interim Financing Order, and pursuant to and to the extent permitted in the Interim Financing Order and the Final Financing Order, the Obligations will constitute allowed administrative expense claims in the Chapter 11 Cases having priority over all administrative expense claims and unsecured claims against the Loan Parties now existing or hereafter arising, of any kind whatsoever, including all administrative expense claims specified in any provision of the Bankruptcy Code or otherwise, as provided under section 364(c)(l) of the Bankruptcy Code, subject to the Carve-Out and the priorities set forth in the Interim Financing Order or Final Financing Order, as applicable.
(iii)    After the entry of the Interim Financing Order and pursuant to and to the extent provided in the Interim Financing Order and the Final Financing Order, the Obligations will be secured by a valid and perfected Lien on all of the Collateral subject, as to priority, only to the Carve-Out to the extent set forth in the Interim Financing Order and the Final Financing Order and with the lien priority set forth in the Final Financing Order and the DIP Intercreditor Agreement.
(iv)    Notwithstanding the provisions of section 362 of the Bankruptcy Code, and subject to the applicable provisions of the Interim Financing Order or the Final Financing Order, as the case may be, upon the maturity (whether by acceleration or otherwise) of any of the Obligations, the Agent and Lenders shall be entitled to immediate payment of such Obligations and to enforce the remedies provided for hereunder or under applicable law, without further notice, motion or application to, hearing before, or order from, the Bankruptcy Court.

      ARTICLE VI     
 
COVENANTS

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Section 6.01    Affirmative Covenants.  So long as any Term Loans or other Obligation (other than contingent indemnification obligations for which no claim shall have then been asserted) shall remain unpaid, or any Lender shall have any Term Commitment hereunder, each of Holdings and the Borrowers will, and will cause each of their Subsidiaries to:
(a)    Compliance with Laws, Etc.  (i) Comply in all respects with all applicable Requirements of Law, such compliance to include compliance with ERISA and Environmental Laws (which compliance includes taking any required actions with respect to the release or threatened release of Hazardous Materials), except for such non-compliance as would not reasonably be expected to have a Material Adverse Effect, and (ii) comply in all material respects with the Bankruptcy Code and any order of the Bankruptcy Court. 
(b)    Payment of Taxes, Etc.  Except as excused by the Bankruptcy Code, file all Tax returns required in accordance with applicable law, pay and discharge before the same shall become delinquent, (i) all Taxes, assessments and governmental charges or levies imposed upon it or upon its property (ii) all payments required to be made to any Pension Plan, and (iii) all lawful claims that, if unpaid, might by law become a Lien upon its property; provided, that neither Holdings, the Borrowers nor any of their Subsidiaries shall be required to file any Tax return if such non-filing would not be reasonably expected to have a Material Adverse Effect or pay or discharge any such Tax, assessment, charge or claim (x) that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained, unless and until any Lien resulting therefrom attaches to its property and becomes enforceable against its other creditors, (y) if such non-payments, either individually or in the aggregate, would not be reasonably expected to have a Material Adverse Effect or (z) for which payment is excused under the Bankruptcy Code.
(c)    Maintenance of Insurance.  (i)  Maintain insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is consistent with prudent business practice; provided, that Holdings, the Borrowers and their Subsidiaries may self-insure to the extent consistent with prudent business practice; provided, further, that policies maintained with respect to any Collateral located at a warehouse or DC shall provide coverage for Inventory at (x) the retail selling price of such Inventory less any permanent markdowns, consistent with the Loan Parties’ past practices, or (y) another selling price permitted by the Collateral Agent in its Permitted Discretion.
(ii)    None of the Credit Parties shall be a co-insurer with any Loan Party or any other Person with respect to any fire and extended coverage policies maintained with respect to any Collateral without the prior written consent of the Collateral Agent. Fire and extended coverage policies maintained with respect to any Collateral shall be endorsed or otherwise amended to include a non-contributing lenders’ loss payable clause, in form and substance reasonably satisfactory to the Collateral Agent, which endorsements or amendments shall provide that the insurer shall pay all proceeds otherwise payable to the Loan Parties under the policies directly to the Collateral Agent, as its interests may appear. 
(iii)    Within thirty (30) days following delivery of written notice from the Agent to Holdings, Holdings shall notify the insurers and use commercially reasonable efforts to have such policies amended to include such other provisions as the Collateral Agent may reasonably require from time to time to protect the interests of the Credit Parties.  Commercial general liability policies shall be endorsed to name the Collateral Agent as additional insureds, as their interests may appear.  Each certificate delivered by the Loan Parties’ insurance broker with respect to each property and liability insurance 

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policy referred to in this Section 6.01(c) shall also provide that such policy shall not be canceled, modified or not renewed other than upon not less than ten (10) days’ prior written notice thereof by the insurance broker to the Collateral Agent. 
(iv)    The Borrowers shall deliver to the Collateral Agent, prior to the cancellation, modification or non-renewal of any such policy of insurance, evidence of renewal or replacement of a policy previously delivered to the Collateral Agent, including an insurance binder therefor, together with evidence satisfactory to the Collateral Agent of payment of the premium therefor and, upon request of the Agent, a copy of such renewal or replacement policy.  In the event that the Borrowers fail to maintain any such insurance as required pursuant to this Section 6.01(c), the Agent may obtain such insurance on behalf of the Borrowers and the Loan Parties shall reimburse the Agent as provided herein for all costs and expenses in connection therewith; the Agent’s obtaining of such insurance shall not be deemed a cure or waiver of any Default or Event of Default arising from the Loan Parties’ failure to comply with the provisions of this Section 6.01(c).
(v)    The Borrowers shall cause each property insurance policy with respect to any Real Property to be endorsed or otherwise amended to include a “standard” lender’s loss payable endorsement, in form and substance reasonably satisfactory to the Collateral Agent; deliver a certificate of insurance with respect to such Real Property to the Collateral Agent; and deliver to the Collateral Agent, prior to or concurrently with the cancellation or nonrenewal of any such policy of insurance covered by this clause (v), a copy of a renewal or replacement (or other evidence of renewal of a policy previously delivered to the Agent) insurance certificate with respect thereto.
(vi)    If any building or mobile home on any improved Real Property is at any time located in an area identified by the Federal Emergency Management Agency (or any successor agency) as a special flood hazard area (each a “Special Flood Hazard Area”) with respect to which flood insurance has been made available under the Flood Insurance Laws, (i) maintain, or cause to be maintained, with a financially sound and reputable insurer, flood insurance in an amount and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant to the Flood Insurance Laws and (ii) deliver to the Agent evidence of such compliance in form and substance reasonably acceptable to the Agent.
(d)    Preservation of Corporate Existence, Etc.  Preserve and maintain its corporate existence, material rights (charter and statutory) and franchises unless otherwise consented to by the Agent in its reasonable discretion.
(e)    Inspection Rights.  In addition to the Agent’s and the Collateral Agent’s rights under Section 6.01(k) and Section 8.02(b) hereof, subject to reasonable confidentiality limitations, at any reasonable time and from time to time but not more frequently than once per month (or at any time if an Event of Default has occurred and is continuing), permit the Agent, the Collateral Agent, the Lead Lender or any Lender Professionals, at the Loan Parties’ expense, to (i) visit, enter onto, and inspect any of the Real Property (subject to the rights of tenants under their leases and provided that, except after the occurrence of an Event of Default, such visits and inspections may include access to any Real Estate included in the Collateral to conduct non-intrusive and non-invasive environmental assessments to the satisfaction of the Agent, and environmental sampling, testing or investigation); provided, such Persons shall use good faith efforts to coordinate such visits and inspections so as to minimize the interference with and disruption to the 

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normal business operations of tenants under their lease, and (ii) examine and make copies of and abstracts from the records and books of account of, and visit the properties of, Holdings, the Borrowers and any of their Subsidiaries, and to discuss the affairs, finances and accounts of Holdings, the Borrowers and any of their Subsidiaries, as the case may be, with any of their officers or directors and with their independent certified public accountants.  
(f)    Keeping of Books.  Keep proper books of record and account, in which full and correct entries shall be made of all financial transactions and the assets and business of Holdings, the Borrowers and each Subsidiary in accordance with GAAP in effect from time to time, and each Loan Party shall promptly furnish to the Agent, the Collateral Agent, the Lead Lender or any Lender Professional such copies of such books and records or extracts therefrom as the Agent, such Collateral Agent, the Lead Lender or such Lender Professional as applicable, may reasonably request, and the Agent, the Collateral Agent or any Lender Professional may use any of such Loan Party’s personnel, equipment, supplies and premises as may be reasonably necessary for the foregoing, during normal business hours and, if an Event of Default exists or has occurred and is continuing, for the collection and realization of Collateral.
(g)    Maintenance of Properties, Etc.  Except as otherwise permitted pursuant to Section 6.02(b), or where the failure to do so, either individually or in the aggregate, would not be reasonably expected to have a Material Adverse Effect, maintain and preserve all of its properties that are used or useful in the conduct of its business in good working order and condition, ordinary wear and tear excepted.
(h)    Transactions with Affiliates.  Conduct all transactions otherwise permitted under this Agreement with any of their Affiliates on terms that are fair and reasonable and no less favorable to Holdings, the applicable Borrower or their respective Subsidiaries than it would obtain in a comparable arm’s-length transaction with a Person not an Affiliate other than transactions solely between or among the Loan Parties; provided, that the foregoing shall not prohibit (i) any Loan Party or any Subsidiary thereof from entering into employment arrangements with its officers and retention and other agreements with officers and directors pursuant to the reasonable requirements of its business or (ii) any transactions set forth on Schedule 6.01(h) hereto. 
(i)    Further Assurances.  
(i)    Subject to the DIP Intercreditor Agreement, with respect to any Collateral acquired after the Effective Date by any Group Member that is or is required to become a Loan Party hereunder, promptly (i) execute and deliver to the Collateral Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the Collateral Agent may reasonably request in order to grant to the Collateral Agent, for the benefit of the Credit Parties, a security interest in such property and (ii) take all actions as the Collateral Agent may reasonably request to grant to the Collateral Agent, for the benefit of the Credit Parties, a perfected security interest in such property with the priority required herein, including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be requested by the Collateral Agent and the delivery of Blocked Account and other control agreements as may be reasonably requested by the Collateral Agent.  
(ii)    With respect to any new Domestic Subsidiary which is created or acquired after the Effective Date by any Group Member and which owns any Collateral, subject to the DIP Intercreditor Agreement, promptly (and in any event within 10 Business Days of the date such Person becomes a Subsidiary) cause such new Domestic 

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Subsidiary to (i) become a party to the Guarantee and Collateral Agreement, (ii) take such actions as the Collateral Agent may reasonably request to grant to the Collateral Agent for the benefit of the Credit Parties a security interest, with the priority and perfection required herein, in the Collateral described in the Guarantee and Collateral Agreement held by such new Domestic Subsidiary, including, to the extent applicable, the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be reasonably requested by the Collateral Agent and the delivery of Blocked Account and other control agreements, (iii) if requested by the Collateral Agent, deliver to the Collateral Agent an officer’s certificate with respect to such Domestic Subsidiary in form and substance reasonably satisfactory to the Collateral Agent, and (iv) if requested by Collateral Agent, deliver to the Collateral Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Collateral Agent.
(iii)    The Borrowers shall notify the Collateral Agent ten (10) Business Days prior to the opening of any new deposit account in which funds of any of the Loan Parties are concentrated, or the commencement of  concentrating funds in an existing deposit account that is not subject to a Blocked Account Agreement, and, subject to the DIP Intercreditor Agreement, if requested by the Collateral Agent, the Borrowers shall deliver or cause to be delivered a Blocked Account Agreement reasonably satisfactory in form and substance to the Collateral Agent upon the opening of, or commencement of concentrating funds in, such account (unless such account is a Utility Deposit Adequate Assurance Account).
(iv)    [reserved].
(v)    Subject to the DIP Intercreditor Agreement, with respect to any Real Property upon which the Collateral Agent request a Mortgage (which requests shall be limited such that there will be no more than twenty (20) Mortgages in effect at any time, unless an Event of Default has occurred and is continuing, in which case there shall be no such limit on such requests by the Collateral Agent) within ninety (90) days after such request (but in no event prior to the Borrower receiving confirmation from the Agent that flood insurance due diligence and compliance in accordance with Section 6.01(i)(v)(1) has been completed) or such longer period as may be agreed by the Collateral Agent in its reasonable discretion, the Borrower shall, or shall cause the applicable Loan Party to, grant to the Collateral Agent a Mortgage on such Real Property, subject to no Liens except Permitted Liens, and record such Mortgage in the land records of the county in which such Real Property is located, and cause each such Loan Party to pay, in full, all mortgage recording taxes, fees and other charges required to be paid in connection with such recording, registration or filing of the Mortgage.  Unless otherwise waived by the Collateral Agent or the applicable Lender (solely with respect to clause (i)(v)(2) below), with respect to each such Mortgaged Property, the Borrowers shall cause the following requirements to be satisfied with respect to the applicable Mortgaged Property:
(1)    the Collateral Agent shall have received, with respect to each Mortgaged Property, the Flood Documentation;
(2)    the Collateral Agent shall have received:

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(A)    counterparts of each Mortgage to be entered into with respect to each such Mortgaged Property duly executed and delivered by the record owner of such Mortgaged Property and suitable for recording, registering or filing (together with any other forms or undertakings that are required or customary to effect such recording, registration or filing) in the land records of the county in which such Mortgaged Property is located; and
(B)    with respect to the Mortgage encumbering each such Mortgaged Property, opinions of local counsel regarding the enforceability of such Mortgage and such other matters customarily covered in real estate mortgage counsel opinions as the Agent may reasonably request, if and to the extent, and in such form, as local counsel customarily provides such opinions as to such other matters; and
(3)    the Agent shall have received:
(A)    a policy or policies or marked up unconditional binder of title insurance (“Title Policy”), in the amount of the fair market value of the respective Mortgaged Property, issued by a nationally recognized title insurance company (“Title Insurer”) insuring the Lien of each Mortgage as a valid Lien on the Mortgaged Property described therein, free of any other Liens except Permitted Liens and with the lien priority as set forth in the Final Financing Order and the DIP Intercreditor Agreement, together with such customary endorsements, coinsurance and reinsurance as the Agent may reasonably request and which are available at commercially reasonable rates in the jurisdiction where the applicable Mortgaged Property is located, and
(B)    a survey of each Mortgaged Property (including all improvements, easements and other customary matters thereon reasonably required by the Agent), as applicable, for which all necessary fees (where applicable) have been paid, which (A) complies in all material respects with the minimum detail requirements of the American Land Title Association and American Congress of Surveying and Mapping as such requirements are in effect on the date of preparation of such survey and (B) is sufficient for such Title Insurer to remove all standard survey exceptions from the title insurance policy relating to such Mortgaged Property or otherwise reasonably acceptable to the Agent; provided, that so long as the Title Insurer shall accept the same to eliminate the standard survey exceptions from such policy or policies, in lieu of a new or revised survey Borrowers may provide a “no material change” affidavit with respect to any prior survey for the respective Mortgaged Property (which prior survey otherwise substantially complies with the foregoing survey requirements) (a “Survey”).
(j)    Reporting Requirements.  Furnish to the Agent, for delivery to the Lenders:

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(i)    as soon as available and in any event within 30 days (or, in the case of a fiscal month that ends on the same day as the end of a fiscal quarter, 45 days) after the end of each fiscal month of each fiscal year of Holdings, (a) the consolidated balance sheet of Holdings and its Subsidiaries and the consolidated balance sheet of Holdings and its Domestic Subsidiaries as of the end of such month and consolidated statements of income and cash flows of Holdings and its Subsidiaries and the consolidated statements of income and cash flows of Holdings and its Domestic Subsidiaries for the period commencing at the end of the previous fiscal year and ending with the end of such month, duly certified (subject to year-end audit adjustments) by an Authorized Officer of Holdings as having been prepared in accordance with GAAP and (b) a Compliance Certificate;
(ii)    as soon as available and in any event within 45 days after the end of each of the first three fiscal quarters of each fiscal year of Holdings, (a) the consolidated balance sheet of Holdings and its Subsidiaries and the consolidated balance sheet of Holdings and its Domestic Subsidiaries as of the end of such quarter and consolidated statements of income and cash flows of Holdings and its Subsidiaries and the consolidated statements of income and cash flows of Holdings and its Domestic Subsidiaries for the period commencing at the end of the previous fiscal year and ending with the end of such quarter, duly certified (subject to year-end audit adjustments) by an Authorized Officer of Holdings as having been prepared in accordance with GAAP and (b) a Compliance Certificate (the Borrowers being permitted to satisfy the requirements of clause (ii)(a) by delivery, in the manner provided in Section 9.02(b), of its quarterly report on form 10-Q (or any successor form), as filed with the SEC so long as the financial statements contained therein satisfy the requirement of this clause (ii));
(iii)    as soon as available and in any event within 90 days after the end of each fiscal year of Holdings, (a) a copy of the annual audit report for such year for Holdings and its Subsidiaries, containing the consolidated balance sheet of Holdings and its Subsidiaries as of the end of such fiscal year and consolidated statements of income and cash flows of Holdings and its Subsidiaries for such fiscal year, in each case reported on without a “going concern” or like qualification or exception (other than a “going concern” qualification, exception or paragraph of emphasis solely as a result of  the Chapter 11 Cases and Debt maturing thereafter), or qualification arising out of the scope of the audit, by its Board-appointed auditor of national standing, (b) a consolidated balance sheet of Holdings and its Domestic Subsidiaries as of the end of such fiscal year and consolidated statements of income and cash flows of Holdings and its Domestic Subsidiaries for such fiscal year duly certified by an Authorized Officer of Holdings as having been prepared in accordance with GAAP, and (c) a Compliance Certificate (the Borrowers being permitted to satisfy the requirements of clause (iii)(a) by delivery, in the manner provided in Section 9.02(b), of its annual report on form 10-K (or any successor form), as filed with the SEC, so long as the financial statements contained therein satisfy the requirement of this clause (iii));
(iv)    not later than the 10th day of every month (or such later date in such month as the DIP ABL Loan Agent may agree pursuant to the DIP ABL Facility), an updated inventory appraisal;
(v)    promptly and in any event within five days after any Authorized Officer of Holdings or any Borrower has knowledge of the occurrence and continuance of a Default or Event of Default, a statement of an Authorized Officer of 

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Holdings or such Borrower setting forth details of such Default or Event of Default and the action that Holdings or such Borrower has taken and proposes to take with respect thereto;
(vi)    promptly after the sending or filing thereof, copies of all quarterly and annual reports and proxy solicitations that Holdings sends to its public security holders generally, and copies of all reports on form 8-K (or its equivalent) and registration statements for the public offering (other than pursuant to employee Plans) of securities that Holdings or any of its Subsidiaries files with the SEC or any national securities exchange;
(vii)    promptly after the commencement thereof, notice of all actions and proceedings before any court, governmental agency or arbitrator affecting Holdings, the Borrowers or any of their Subsidiaries of the type described in Section 5.01(g); 
(viii)    as soon as available, but in any event no later than 60 days after the end of each fiscal year of Holdings, forecasts prepared by management of Holdings for Holdings and its Domestic Subsidiaries in form satisfactory to the Agent and containing information reasonably required by the Agent;
(ix)    (A) contemporaneously with the delivery of the reports required pursuant to clauses (ii) and (iii) above, a report (which may take the form of a footnote to Holdings’ quarterly and annual reports filed with the SEC and delivered to the Agent) setting forth the estimated Unfunded Pension Liability of Holdings and its Subsidiaries, and (B) promptly after receipt thereof by the Loan Parties, a copy of the funded status report received from the Loan Parties’ actuaries with respect to amounts to be funded under the Loan Parties’ Pension Plan; 
(x)    promptly, notice of any event that the Loan Parties reasonably believes has resulted in or could reasonably be expected to result in a Material Adverse Effect; 
(xi)    [reserved];
(xii)    within twenty (20) days (or such later date as the Agent may reasonably agree in its sole discretion) of any request by the Agent, new title commitments for any owned Designated Real Estate (which requests shall be limited to Designated Real Estate that constitutes top 90% of owned real estate by value);
(xiii)    promptly following any request therefor, information and documentation reasonably requested by the Agent or any Lender for purposes of compliance with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act and the Beneficial Ownership Regulation;
(xiv)    promptly, notice of (i) the filing or commencement of, or any written threat or notice of intention of any Person to file or commence, any Adverse Proceeding not previously disclosed in writing by a Borrower to the Agent, or (ii) any material development in any Adverse Proceeding that would reasonably be expected to have a Material Adverse Effect, or that seeks to enjoin or otherwise prevent the consummation 

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of, or to recover any damages or obtain relief as a result of, the transactions contemplated hereby;
(xv)    concurrently with the delivery to the DIP ABL Loan Agent or the lenders under the DIP ABL Credit Agreement, copies of any report or other information required to be delivered thereto pursuant to the terms of the DIP ABL Credit Agreement to the extent such report or information is not otherwise required to be delivered to the Agent or Lenders hereunder (including, without limitation, any borrowing base certificate and supporting information related thereto);
(xvi)    promptly, but in any event no later than five (5) Business Days of such change, notice of any change in the board of directors (or similar governing body) of Holdings, the Borrowers or Sears, Roebuck and Co.;
(xvii)    as soon as practicable and, in any event, at least three (3) Business Days or such shorter period as agreed to by the Agent in its reasonable discretion in advance of filing with the Bankruptcy Court or delivering to any official committee appointed in any of the Chapter 11 Cases (or the professionals to such committee) or to the U.S. Trustee, as the case may be, copies of all Material Documents, and engage in good faith consultation with the Agent, the Collateral Agent and their respective advisors prior to filing such documents to the extent reasonably possible under the circumstances;
(xviii)    as soon as available, copies of all formal proposals, letters of interest, letters of intent, bids, agreements and any final proposed definitive documentation for the sale of any or all of the Loan Parties’ assets (other than sales of inventory in the ordinary course of business) or for any investment pursuant to which additional capital is to be received by the Loan Parties;
(xix)    promptly upon request by the Collateral Agent, a status report and updated information relating to any sale permitted under the Loan Documents, in form and substance acceptable to the Collateral Agent in its reasonable discretion.
(xx)    such other information respecting Holdings, the Borrowers or any of their Subsidiaries, as the Agent, the Collateral Agent or any Lender through the Agent may from time to time request.
Reports and financial statements required to be delivered by the Borrowers pursuant to clauses (ii)(a), (iii)(a) and (vii) of this subsection (j) shall be deemed to have been delivered on the date on which Holdings causes such reports, or reports containing such financial statements, to be posted on the Internet at www.sec.gov or at such other website identified by the Borrowers in a notice to the Agent and the Lenders and that is accessible by the Lenders without charge.
(k)    Collateral Monitoring and Review.  Upon the request of the Agent, the Collateral Agent, or the Required Lenders, after reasonable notice and during normal business hours, permit the Agent, the Collateral Agent, the Lead Lender or any Lender Professional to conduct appraisals, commercial finance examinations and other evaluations, including, without limitation, of any Real Estate included in the Collateral.  The Borrowers shall pay the reasonable out-of-pocket fees and expenses of the Agent, the Collateral Agent, the Lead Lender or any Lender Professional in connection with three commercial 

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finance examinations each fiscal year (which the Agent, the Collateral Agent, the Lead Lender or such Lender Professional shall be obligated to undertake for the benefit of the Credit Parties).  Notwithstanding the foregoing, the Agent, the Collateral Agent or any Lender Professional, in each case, upon request from the Lead lender or the Lead Lender may cause additional commercial finance examinations to be undertaken (A) as each in its Permitted Discretion deems necessary or appropriate, at its own expense, and (B) if required by applicable law or if a Default or an Event of Default has occurred and is continuing, in each case, at the expense of the Borrowers. Any inventory appraisal or commercial finance examination requested by the Agent, Collateral Agent, the Lead Lender or any Lender Professional shall be scheduled at such time as the Collateral Agent, in consultation with the Borrowers, may agree in order to minimize any disruption to the conduct of the Borrowers’ business.  
(l)    Landlord Waivers, Access Agreements and Customs Broker Agreements.  Unless otherwise provided for in the Financing Orders to Agent’s reasonable satisfaction and subject in all respect to the DIP Intercreditor Agreement, (i) obtain from each lessor that is a Group Member, and use commercially reasonable efforts to obtain from each lessor that is not a Group Member, leasing a DC at which Collateral is located to a Loan Party, consents, approvals, Lien waivers and rights to access and occupy each such DC (including, without limitation, to take possession and dispose of any Collateral from each such DC upon the occurrence and during the continuance of an Event of Default) reasonably satisfactory to Agent; (ii) obtain from each Subsidiary of Holdings owning a DC at which Collateral is located, consents, approvals, Lien waivers and rights to access and occupy each such DC (including, without limitation, to take possession and dispose of the Collateral from each such DC upon the occurrence and during the continuance of an Event of Default) reasonably satisfactory to the Agent; (iii) use commercially reasonable efforts to cause each Loan Party’s customs brokers to deliver an agreement (including, without limitation, a Customs Broker Agreement)  to the Agent covering such matters and in such form as the Agent may reasonably require; and (iv) with respect to any  property or assets subject to the Lien of a third party use commercially reasonable efforts to cause the holder of such Lien to enter into an agreement reasonably satisfactory to the Agent, permitting the Agent to use such property and assets, at no cost or expense to the Agent, in connection with the disposition of any of the Collateral by the Agent during the continuance of an Event of Default. 
(m)    Cash Management. 
(i)    With respect to any existing account control agreement, the Agent shall rely on the Financing Orders for purposes of establishing control with respect to the deposit accounts set forth on Schedule 6.01(m) and within 60 days after opening any additional deposit account (other than any Excluded Account, the Carve-Out Account, the Luxottica Reserve Account, the Winddwon Account and the Utility Deposit Adequate Assurance Accounts), the applicable Loan Party shall enter into a Blocked Account Agreement, subject to the DIP Intercreditor Agreement.
(ii)    Subject to the DIP Intercreditor Agreement, and after the discharge of the Senior DIP Obligations, the Loan Parties shall ACH or wire transfer daily to a Blocked Account all amounts on deposit in each DDA of such Loan Party, other than Excluded Accounts, the Carve-Out Account, the Luxottica Reserve Account, the Winddown Account and the Utility Deposit Adequate Assurance Accounts; provided that such covenant shall not apply to any minimum balance as may be required to be kept in the subject DDA by the depository institution at which such DDA is maintained. Subject to the DIP Intercreditor Agreement, and after the discharge of the Senior DIP Obligations, the Loan Parties shall ACH or wire transfer daily to a Blocked Account all proceeds of any of the Collateral except as provided in Section 6.01(n). All swept funds shall be conclusively 

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presumed to be Collateral and proceeds of Collateral and the Agent, the Collateral Agent and the Lenders shall have no duty to inquire as to the source of the amounts on deposit in any DDA or Blocked Account.
(iii)    Subject to the DIP Intercreditor Agreement, and after the discharge of the Senior DIP Obligations, upon the request of the Agent, deliver to the Agent copies of credit card notifications (each, a “Credit Card Notification”) substantially in the form attached hereto as Exhibit H and Third Party Payor Notifications (each, a “Third Party Payor Notification”) substantially in the form attached hereto as Exhibit I, in each case executed on behalf of such Loan Party and addressed to such Loan Party’s Credit Card Processors and Third Party Payors, as applicable, listed in the Perfection Certificate. To the extent that any Loan Party hereafter engages a Credit Card Processor other than the Credit Card Processors listed in the Perfection Certificate, or a Third Party Payor other than the Third Party Payors listed in the Perfection Certificate, such Loan Party shall promptly furnish written notice thereof to the Agent and, upon the request of the Agent, subject to the DIP Intercreditor Agreement, and after the discharge of the Senior DIP Obligations, shall deliver to the Agent an executed Credit Card Notification or Third Party Payor Notification, as applicable, with respect to such Credit Card Processor or Third Party Payor.  Subject to the DIP Intercreditor Agreement, and after the discharge of the Senior DIP Obligations, the Agent may deliver such Credit Card Notifications and Third Party Payor Notifications to the applicable Credit Card Processors and Third Party Payors at any time.
(iv)    Subject to the DIP Intercreditor Agreement, and after the discharge of the Senior DIP Obligations, each Blocked Account Agreement shall require the ACH or wire transfer no less frequently than daily to  the Term Loan Collateral Account, of all cash receipts and collections held in each applicable Blocked Account (net of any minimum balance, not to exceed $25,000 (or such greater amount with the consent of the Agents not to be unreasonably withheld), as may be required to be kept in the subject Blocked Account by the Blocked Account Bank), including, without limitation, the following:
(1)    all available cash receipts from the sale of Inventory and other Collateral other than as set forth in Section 6.01(n);
(2)    all proceeds of any of the Collateral, including all payments due from Credit Card Processors and the collections of receivables, including Pharmacy Receivables and Credit Card Accounts Receivable;
(3)    all proceeds from any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of any Collateral other than as set forth in Section 6.01(n); and
(4)    all Net Proceeds from any equity issuance by or capital contribution to any Loan Party or its Subsidiaries.
The Borrowers shall be deemed to have complied with the provisions of this clause (iv) if they cause the ACH or wire transfer daily of all funds which an Authorized Representative of the Borrowers in good faith believes to be the amount deposited in the Blocked Accounts in excess of $25,000 (or such greater amount as permitted above in this clause (iv)).

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(v)    The Term Loan Collateral Account shall at all times be under the sole dominion and control of the Agent. The Loan Parties hereby acknowledge and agree that (i) the Loan Parties have no right of withdrawal from the Term Loan Collateral Account, (ii) the funds on deposit in the Term Loan Collateral Account shall at all times be collateral security for all of the Obligations, and (iii) the funds on deposit in the Term Loan Collateral Account shall be applied as provided in this Agreement. In the event that, notwithstanding the provisions of this Section 6.01(m), any Loan Party receives or otherwise has dominion and control of any such proceeds or collections, such proceeds and collections shall be held in trust by such Loan Party for the Agent, shall not be commingled with any of such Loan Party’s other funds or deposited in any account of such Loan Party and shall, not later than the Business Day after receipt thereof, be deposited into the Term Loan Collateral Account or dealt with in such other fashion as such Loan Party may be instructed by the Agent. The amounts deposited into the Term Loan Collateral Account which consist of Net Proceeds shall be applied to the prepayment of the Term Loans and other Obligations then outstanding; and any remaining amounts will be released and transferred to a deposit account of the Loan Parties as the Borrowers shall direct.
(i)    Upon the request of the Agent, the Loan Parties shall cause bank statements and/or other reports to be delivered to the Agent not less often than monthly, accurately setting forth all amounts deposited in each Blocked Account to ensure the proper transfer of funds as set forth above.
(n)    Disposition of Prepetition Unencumbered Assets. Subject to the Financing Orders, the Borrowers shall apply any Net Proceeds of the sale of Prepetition Unencumbered Assets (A) first, to fund the Winddown Account, until the Winddown Account Funding Condition has been satisfied, (B) second, to fund the Prepetition Unencumbered Assets Proceeds Account; provided that upon Discharge of Senior DIP Obligations (as defined in the DIP Intercreditor Agreement), such Prepetition Unencumbered Assets Proceeds Account shall be subject to the control of the Agent; and (C) third, upon Discharge of Senior DIP Obligations, to an account of the Agent (the ”Term Loan Collateral Account”) to be designated by the Agent in writing, with an amount equal to the amount required to repay the Obligations to be held as cash collateral for the exclusive benefit of the Agent and the Lenders as security for the Obligations and applied by Agent to repay the Obligations; provided, that, notwithstanding the foregoing, after the Winddown Account Funding Condition has been satisfied all Net Proceeds of the Specified Collateral shall be distributed to fund the Prepetition Unencumbered Assets Proceeds Account and to fund the Term Loan Collateral Account, shared on a 46.15%/53.85% basis between the Prepetition Unencumbered Assets Proceeds Account and the Term Loan Collateral Account, respectively; provided, further, that in no event shall the Loan Parties permit the Winddown Account to hold cash or any other property in excess of the amount required to satisfy the Winddown Account Funding Condition.
(o)    Physical Inventories.  Cause physical inventories and periodic cycle counts to be undertaken, at the expense of the Loan Parties, conducted by such inventory takers and following such methodology as may be satisfactory to the Collateral Agent in its Permitted Discretion.  The Collateral Agent, the Lead Lender or any Lender Professional designated by the Lead Lender, at the expense of the Loan Parties, may participate in and/or observe each scheduled physical count of Inventory which is undertaken on behalf of any Loan Party.   The Loan Parties, within five (5) days following the completion of any such inventory, shall provide the Collateral Agent, the Lead Lender or any Lender Professional, as applicable, with a reconciliation of the results of such inventory (as well as of any other physical inventory or cycle counts undertaken by a Loan Party) and shall post such results to the Loan Parties’ stock ledgers and general ledgers, as applicable.

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(p)    Winddown Budget. The Borrowers shall make  available to the Agent a winddown budget in form and substance reasonably satisfactory to the Agent not later than November 30, 2018 (or such later date as the Agent may agree in its reasonable discretion).
(q)    Case Milestones; Go Forward Plan.  Holdings and the Borrowers shall:
(i)    comply with each of the covenants set forth on Schedule 6.01(q)(i) (the “Case Milestones”) upon the terms and at the times set forth therein; and
(ii)    (A) comply with the Borrowers’ Go Forward Plan attached hereto as Schedule 6.01(q)(ii), including the material terms of any binding agreement for a Specified Sale Transaction or Specified Store Closing Sales or any of the documents or agreements executed in connection therewith in all material respects and (B) consummate each Specified Sale Transaction and or the Specified Store Closing Sale strictly in accordance with the material terms of the documents or agreements executed in connection therewith; in each case in accordance with the applicable timing referred to thereon (or such later dates as approved in writing by the Agent and the Collateral Agent) and subject to documentation (including, without limitation, motions and orders) in form and substance satisfactory to the Agent in its reasonable discretion (without any waiver or amendment to such documents or agreements unless consented to in writing by the Agent), in each case, other than as a result of a consummation of a higher or better transaction as contemplated by the applicable bid procedures.
(r)    Debtor Advisors; Cooperation; Status Calls.  
(i)    The Debtors shall continuously retain during the term of this Agreement (i) a chief restructuring officer (the “Chief Restructuring Officer”), (ii) a restructuring advisor (the “Restructuring Advisor”), (iii) a financial advisor (the “Financial Advisor”), and (iv) Jones Lang LaSalle Americas, Inc ., a consultant with respect to Dispositions of Real Property (the “Real Estate Consultant”). The retention of the Financial Advisor, the Restructuring Advisor, the Chief Restructuring Officer and the Real Estate Consultant shall be on terms and conditions (including as to scope of engagement) satisfactory to the Agent in its discretion. The Agent and the Collateral Agent hereby confirm that (i) Mohsin Y. Meghji is an acceptable Chief Restructuring Officer, (ii) M-III Partners, LP is an acceptable Restructuring Advisor, (iii) Lazard Freres & Co. LLC is an acceptable Financial Advisor, (iv) Jones Lang LaSalle Americas, Inc. is an acceptable Real Estate Consultant and (v) the terms of each of their engagements as filed with the Bankruptcy Court prior to the date hereof are acceptable. In addition, in connection with the closure of any additional Stores referred to in clause (c) of the definition of “Specified Store Closing Sale” the Debtors, on a competitive basis after the solicitation of reasonably detailed proposals from potential Liquidation Agents to be submitted to the Debtors (subject to maintenance of “Chinese walls” between any Affiliate of the Agent submitting such proposal as a potential Liquidation Agent and the Agent) no later than December 10, 2018, shall retain, no later than December 14, 2018, subject to their fiduciary duty to the bankruptcy estate to maximize value, an independent, nationally recognized, professional retail inventory liquidation firm that provides full liquidation services in consultation with the Agent (the “Liquidation Agent”; the Liquidation Agent, together with the Financial Advisor, the Restructuring Advisor, the Real Estate Consultant and the Chief Restructuring Officer, each a “Debtor Advisor” and collectively, the “Debtor Advisors”).  If any Debtor Advisor in any of the 

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above roles ceases to be retained, the Debtors will retain a new Debtor Advisor in such role, which new Debtor Advisor (other than the Liquidation Agent) shall be satisfactory to the Collateral Agent in its discretion and, in the case of the Liquidation Agent, such Liquidation Agent shall be retained in consultation with the Agent, within 5 Business Days (which period may be extended with the approval of the Agent and the Collateral Agent in its discretion) of such cessation. The Debtors shall provide the Agent and the Collateral Agent and their respective advisors with reasonable access to the Debtor Advisors.
(ii)    The Loan Parties shall fully cooperate with the Debtor Advisors, including, without limitation, in connection with the preparation of the Approved Budget and other reporting or information required to be delivered pursuant to this Agreement, and shall grant them full and complete access to the books and records of the Loan Parties.  The Loan Parties hereby (i) authorize the Agent, the Collateral Agent, the Lead Lender or any Lender Professional to communicate directly with the Debtor Advisors regarding any and all matters related to the Debtors and their Affiliates, including all financial reports and projections developed, reviewed or verified by any Debtor Advisor, Store closing information and all additional information, reports and statements reasonably requested by the Agent, the Collateral Agent, the Lead Lender or such Lender Professional and (ii) authorize and direct each Debtor Advisor to provide the Agent, the Collateral Agent, the Lead Lender or any Lender Professional with copies of reports and other information or materials prepared or reviewed by such Debtor Advisor as the Agent, the Collateral Agent, the Lead Lender or such Lender Professional  may reasonably request.
(iii)    The Borrowers shall arrange for weekly (unless waived by the Lead Lender in its reasonable discretion) status calls with the Agent, the Collateral Agent, the Lead Lender and any Lender Professional, and shall cause the Debtor Advisors (or other appropriate agents or advisors to the Loan Parties) to participate, together with financial officers of the Loan Parties, to discuss (A) the Approved Budget or the Budget Variance Reports and/or any other reports or information delivered pursuant to clause (j) above or Section 6.03 hereof or otherwise, (B) the financial operations and performance of the Loan Parties’ business, (C) the status of landlord negotiations, (D) the status of any Specified Store Closing Sales, (E) the status of the Chapter 11 Cases generally, (F) progress in achieving compliance with the Case Milestones and the Go Forward Plan, (G) updates with respect to Dispositions of Real Property (including a roll forward of leases) or (H) such other matters relating to the Debtors as the Agent, the Collateral Agent, the Lead Lender or any Lender Professional shall reasonably request.
(s)    Leases.
(i)    Make all payments and otherwise perform all obligations, in all material respects, other than to the extent permitted by the Bankruptcy Code, in respect of all Leases to which any Loan Party or any of its Subsidiaries is a party and otherwise in accordance with the Approved Budget, (ii) keep all Leases in full force and effect and not allow such Leases to lapse or be terminated or any rights to renew such Leases to be forfeited or cancelled, and (iii) promptly notify the Collateral Agent of any material default by any party with respect to any Leases and cooperate with the Collateral Agent in all respects to cure any such default, except, in each case, with respect to Leases relating to Store locations subject to Specified Store Closing Sales after the date of the effectiveness of the rejection of the applicable Leases.

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(ii)    Other than with respect to Leases relating to any Specified Store Closing Sale, obtain the prior express consent of the Agent, in connection with (A) commencing a marketing and sales process with respect to any Leases or (B) assuming, assuming and assigning, or rejecting Leases.  Furthermore, any notice, motion, bidding and auction procedures, sale order, sale agreement and/or any other related documents that are prepared in connection with the Agent granting consent under clause (A) or (B) above shall be in form and substance reasonably satisfactory to the Agent.   
(t)    Certain Other Bankruptcy Matters.
(i)    Holdings, the Borrowers and their Subsidiaries shall comply (i) in all respects, after entry thereof, with all of the requirements and obligations set forth in the Financing Orders, the Cash Management Order and the Employee Wage Order, and each order of the Bankruptcy Court, as each such order may be amended with the consent of the Agent, and (ii) all other obligations and responsibilities as debtors-in-possession under the Bankruptcy Code and the Federal Rules of Bankruptcy Procedure.
(ii)    Holdings and the Borrowers shall provide as soon as reasonably practicable but in any event no later than three (3) Business Days’ (or such shorter notice acceptable to the Agent in its discretion) prior written notice to the Agent and its advisors of its intent to file any motion or notice to assume or reject any of Holdings’, any Borrower’s or any Subsidiary’s material contracts or material non-residential real property leases pursuant to section 365 of the Bankruptcy Code, and no such contract or lease shall be assumed or rejected, if such assumption or rejection adversely impacts the Collateral, any Liens thereon or any Junior DIP Facility Superpriority Claims payable therefrom (including, without limitation, any sale or other disposition of Collateral or the priority of any such Liens or Junior DIP Facility Superpriority Claims) if the Agent informs Holdings and the Borrowers in writing within two (2) Business Days of receipt of the notice from Holdings and the Borrowers referenced above that it objects to such assumption or rejection, as applicable.
(iii)    Holdings, the Borrowers and each of the Subsidiaries hereby irrevocably waive any right, pursuant to section 364(c) or 364(d) of the Bankruptcy Code or otherwise, to grant any Lien of equal or greater priority than the Liens securing the Obligations, or to approve a claim of equal or greater priority than the Junior DIP Facility Superpriority Claims, other than as expressly set forth in a Financing Order.
(iv)    Each Loan Party shall promptly and diligently oppose all motions filed by Persons in the Bankruptcy Court to lift the Automatic Stay on Collateral with a fair market value in excess of $1,000,000 (other than motions filed by the Agent relating to the DIP Junior Facility or filed by the DIP ABL Loan Agent relating to the DIP ABL Facility or by the Prepetition ABL Agent relating to the Prepetition First Lien ABL Credit Agreement), all motions filed by Persons in the Bankruptcy Court to terminate the exclusive ability of the Debtors to file a chapter 11 plan, and all other motions filed by Persons in the Bankruptcy Court that, if granted, could reasonably be expected to have a material adverse effect on the Agent or any Lender or any Collateral.
(v)    Any and all Material Documents filed by the Debtors in the Chapter 11 Cases shall be in form and substance satisfactory to the Agent.

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(u)    Certain Sanctions and AML Matters.
(i)    Each Group Member will use the proceeds of the Term Loan only for the purposes described in Section 2.14, and ensure that no proceeds of the Term Loan will be advanced or otherwise made available, directly or indirectly, by any Group Member (i) for the purposes of funding any activity, business, or transaction with a Sanctioned Person or in a Sanctioned Country, except as authorized by applicable Sanctions, or (ii) that would result in the violation of applicable Sanctions or AML Laws by any Person.
(ii)    Each Group Member will (a) maintain in effect and enforce policies and procedures reasonably designed to ensure compliance by each Group Member and each of their respective directors, officers, employees, and agents with applicable Sanctions and AML Laws, and (b) conduct the business of such Group Member in compliance with applicable Sanctions and AML Laws.
(v)        The Borrowers shall, and shall cause each of the applicable Loan Parties to, satisfy the requirements set forth on Schedule 6.01(v) on or before the date specified in such schedule for such requirement or, in each case, on such later date agreed by Agent in its reasonable discretion.

Section 6.02    Negative Covenants.  So long as any Term Loan or other Obligation (other than contingent indemnification obligations for which no claim shall have then been asserted) shall remain unpaid, or any Lender shall have any Term Commitment hereunder, each of Holdings and the Borrowers will not, and will not permit any of their Subsidiaries to:
(a)    Liens, Etc.  Create or suffer to exist any Lien upon property of Holdings, the Borrowers or any Subsidiary other than Permitted Liens.
(b)    Fundamental Changes.  Merge into or consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or substantially all of its assets (in each case, whether now owned or hereafter acquired), or liquidate or dissolve, except that any Subsidiary of Holdings may sell, transfer, lease or otherwise dispose of its assets pursuant to a Specified Store Closing Sale or a Specified Sale Transaction. 
(c)    Acquisitions.  Make any Acquisition.
(d)    Restricted Payments.  Declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except that, if at the time thereof no Event of Default shall exist and be continuing, Subsidiaries of Holdings may declare and pay dividends to Holdings, the Borrowers or any Subsidiary Guarantor.
(e)    Negative Pledge Clauses.  Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of Holdings or any Subsidiary of Holdings to create, incur, assume or suffer to exist any Lien in favor of the Collateral Agent upon the Collateral (as defined in the Guarantee and Collateral Agreement and other Security Documents in effect from time to time, and including assets which become Collateral pursuant to Section 6.01(n)), whether now owned or hereafter acquired. 
(f)    Clauses Restricting Subsidiary Distributions.  Enter into or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Subsidiary of Holdings to (a) make Restricted Payments in respect of any Equity Interests of such Subsidiary held by, or pay any Debt 

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owed to, Holdings or any other Subsidiary of Holdings, (b) make loans or advances to, or other investments in, Holdings or any other Subsidiary of Holdings, (c) transfer any of its assets to Holdings or any other Subsidiary of Holdings or (d)  grant Liens upon any of its properties or assets, whether now owned or hereafter acquired, and allow for the pledge of its capital stock to secure the Obligations; except for such encumbrances or restrictions existing as of the date hereof under or by reason of (i) any restrictions existing under this Agreement and the other Loan Documents as of the date hereof; (ii) any restrictions with respect to a Subsidiary imposed pursuant to an agreement that has been entered into in connection with the disposition of all or any portion of the Equity Interests or assets of such Subsidiary so long as such disposition is permitted by this Agreement; (iii) the provisions contained in any agreement governing Postpetition Debt existing as of the date of this Agreement; (iv) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of any Borrower or a Subsidiary of any Borrower entered into in the ordinary course of business, (v) customary restrictions and conditions contained in the documents relating to any Lien, so long as such Lien is not prohibited hereunder and such restrictions or conditions relate only to the specific asset subject to such Lien; (vi) customary provisions restricting assignment of any contract entered into by any Borrower or any Subsidiary of any Borrower in the ordinary course of business, (vii) customary provisions restricting the assignment of licensing agreements, management agreements or franchise agreements entered into by any Borrower or any of its Subsidiaries in the ordinary course of business; (viii) restrictions on the transfer of assets securing purchase money obligations and capitalized lease obligations so long as such obligations are permitted by this Agreement; (ix) customary net worth provisions contained in real property leases entered into by Subsidiaries of any Borrower, so long as the applicable Borrower has determined in good faith that such net worth provisions could not reasonably be expected to impair the ability of the Borrowers and their Subsidiaries to meet their ongoing obligations, (x) restrictions in respect of  the Intellectual Property held by KCD IP, LLC and any proceeds of the foregoing, and (xi) such other restrictions as the Agent may agree in its sole and absolute discretion.
(g)    Accounting Changes.  Make or permit any change in accounting policies or reporting practices, except as required by GAAP. 
(h)    [reserved]. 
(i)    Dispositions.  
(i)    Make any Disposition except Permitted Dispositions.
(ii)    Make any Permitted Dispositions pursuant to the De Minimis Asset Sale Order which result in aggregate sale proceeds in excess of $5,000,000 without the prior written consent of the Collateral Agent in its sole and absolute discretion (it being understood that this clause (ii) shall not have the effect of waiving any condition, restriction or qualification to the ability of Holdings, the Borrowers or any of their Subsidiaries to make any Disposition set forth in the definition of “Permitted Dispositions” or the defined terms used therein).
(j)    Debt; Prepayment of Debt.
(i)    Create, incur, assume, suffer to exist or otherwise become or remain liable with respect to any Debt, except Permitted Debt.
(ii)    Purchase, redeem, defease or prepay any principal of, premium, if any, interest or other amount payable in respect of any Debt (other than any 

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prepayment of the Obligations, which prepayment shall be governed by Section 2.08, and other than any prepayment by any Specified Subsidiary or any Subsidiary that is not a Domestic Subsidiary of any Debt of a Specified Subsidiary or any Subsidiary that is not a Domestic Subsidiary; provided, that such prepayment is not made with the proceeds of any Investments made by any Loan Party in such Specified Subsidiary or such Subsidiary that is not a Domestic Subsidiary) prior to its scheduled maturity.
(k)    Investments.  Make any Investments, except Permitted Investments.
(l)    [reserved].
(m)    Amendments to Certain Documents. (a) Amend or modify, or grant any waiver or release under or terminate in any manner, the articles or certificate of incorporation or formation, by laws, limited liability company operating agreement, partnership agreement or other organizational documents of such Loan Party or Subsidiary (other than any Specified Subsidiary, so long as the Loan Parties provide prior written notice of such amendment, modification, waiver, release or termination with respect to any organizational document of any Specified Subsidiary); (b) amend or modify, or permit the amendment or modification of, any provision of the Prepetition First Lien ABL Credit Agreement, the Prepetition Second Lien Facilities or any agreement, document or instrument evidencing or relating thereto, except to the extent expressly permitted by the DIP Intercreditor Agreement or Financing Order then in effect; or (c) amend, modify or waive any provision of the DIP ABL Credit Agreement in a manner adverse to the Agent and the Credit Parties unless as agreed by the Agent and the Required Lenders.
(n)    Financing Orders. Notwithstanding anything to the contrary herein, use any portion or proceeds of the Extensions of Credit or the Collateral, or disbursements set forth in the Approved Budget, for payments or purposes that would violate the terms of any of the Financing Orders.
(o)    Reclamation Claims. Enter into any agreement to return any of its Inventory to any of its creditors for application against any Prepetition Debt, Prepetition trade payables or other Prepetition claims under section 546(c) of the Bankruptcy Code or allow any creditor to take any setoff or recoupment against any of its Prepetition Debt, Prepetition trade payables or other Prepetition claims based upon any such return pursuant to section 553(b)(1) of the Bankruptcy Code or otherwise if, after giving effect to any such agreement, setoff or recoupment, the aggregate amount applied to Prepetition Debt, Prepetition trade payables and other Prepetition claims subject to all such agreements, setoffs and recoupments since the Petition Date would exceed $7,500,000.
(p)    Insolvency Proceeding Claims. Incur, create, assume, suffer to exist or permit any other superpriority administrative claim which is pari passu with or senior to the claim of the Agent or the Lenders against the Debtors, except as set forth in the applicable Financing Order.
(q)    Bankruptcy Actions. Seek, consent to, or permit to exist, without the prior written consent of the Agent and the Collateral Agent, any order granting authority to take any action that is prohibited by the terms of this Agreement, the Financing Orders or the other Loan Documents or refrain from taking any action that is required to be taken by the terms of this Agreement, the Financing Orders or any of the other Loan Documents.
(r)    Sanctions-Compliant Repayment of Obligations.  Use, directly or, to Borrowers’ knowledge after due inquiry, indirectly, any funds or assets derived from or used in any activity, business, or transaction with a Sanctioned Person, in a Sanctioned Country, or that otherwise violates applicable Sanctions, to repay or discharge any obligation under this Agreement.

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Section 6.03    Approved Budget.
(a)    The use of Extensions of Credit by the Loan Parties under this Agreement and the other Loan Documents and the use of cash collateral shall be limited in accordance with the Approved Budget (subject to the Permitted Variance) and Section 2.14.  The Approved Budget shall depict, on a weekly and line item basis, (i) (A) projected cash receipts (including from asset sales), (B) projected disbursements (including ordinary course operating expenses, bankruptcy-related expenses (including fees and expenses of the professionals and advisors of the Debtors and the Creditors’ Committee (as defined in the Interim Financing Order), and any other fees and expenses relating to the Loan Documents), (C) projected Net Cash Flow, and (D) projected inventory receipts and levels, and (E) the projected Excess Availability (ii) a report listing the Stores subject to Specified Store Closing Sales and the other remaining Stores, and (iii) such other information requested by the Agent for the first thirteen (13) week period from the Effective Date, and such Approved Budget shall be approved by, and in form and substance satisfactory to, the Agent in its reasonable discretion (it being acknowledged and agreed that the Approved Budget is approved by and satisfactory to the Agent in its reasonable discretion).  The Approved Budget shall be updated, modified or supplemented by the Borrowers (x) with the written consent of the Agent in its reasonable discretion and (y) upon the request of Agent or the Collateral Agent from time to time (which request may, without limitation, be made in connection with any Specified Transaction or the commencement, or during the continuation, of the Specified Stores Closing Sales); provided, however, that in the event the Agent, the Collateral Agent and the Loan Parties cannot agree as to an updated, modified or supplemented budget, the then-current Approved Budget shall continue in effect, with weekly details for any periods after the 13-week period covered by the then-current Approved Budget to be derived in a manner satisfactory to the Agent and the Collateral Agent in their sole and absolute discretion based on the then-current Approved Budget (each such period so approved, an “Extended Budget Period”), and such disagreement shall give rise to an Event of Default upon the later of (x) the end of the period covered by the then-current Approved Budget and (y) the end of the then-current Extended Budget Period.  Each Approved Budget delivered to the Agent and the Collateral Agent shall be accompanied by such supporting documentation as reasonably requested by the Agent or the Collateral Agent.  Each Approved Budget shall be prepared in good faith, with due care and based upon assumptions which the Loan Parties believe to be reasonable.
(b)    The Borrowers shall comply with the Approved Budget, (subject to the Permitted Variance), which compliance shall be tested on the Saturday of every second week (each, a “Budget Testing Date”) commencing on December 1, 2018  for the Cumulative Four-Week Period then ending pursuant to the Budget Variance Report delivered by the Borrowers to the Agent and the Collateral Agent; provided, to the extent any amounts owed to professionals and vendors are permitted to be paid in accordance with the foregoing covenant but are not actually paid during the subject period, such amounts may be paid during a subsequent period.
(c)    The Borrowers shall deliver to the Agent and the Collateral Agent, not later than 5:00 p.m. on the Wednesday of each week (commencing with the first Wednesday following the Effective Date) a Budget Certificate, and such Budget Certificate shall include such detail as is reasonably satisfactory to the Agent, signed by an Authorized Officer of the Holdings and, in the case of certificates delivered for the end of a Test Period, certifying that the Loan Parties are in compliance with the covenant contained in Section 6.03(b), together with (A) a Rolling Budget, (B) a Weekly Flash Reporting Package and (C) an Approved Budget Variance Report, each of which shall be prepared by the Borrower through the last day of the Prior Week and the Cumulative Four Week Period, together with such other information as may be reasonably requested by the Agent.  The Borrowers shall supplement the Weekly Flash Reporting Package and the Approved Budget Variance Report from time to time upon the request of the Agent. For the avoidance of doubt, as part of the Weekly Flash Reporting Package, the Borrowers shall provide updated information 

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with respect to the Winddown Account including the aggregate (i) amount of cash contributed to such account since it was established, (ii) disbursements that have been made from such account, if any, since it was established, and (iii)  any disbursements for the preceding week.  The foregoing reporting requirements with respect to the Winddown Account may be supplemented from time to time upon the request of the Agent.  
(d)    The Agent, the Collateral Agent and the Lenders (i) may assume that the Loan Parties will comply with the Approved Budget, (ii) shall have no duty to monitor such compliance and (iii) shall not be obligated to pay (directly or indirectly from the Collateral) any unpaid expenses incurred or authorized to be incurred pursuant to any Approved Budget.  The line items in the Approved Budget for payment of interest, expenses and other amounts to the Agent, the Collateral Agent and the Lenders are estimates only, and the Loan Parties remain obligated to pay any and all Obligations in accordance with the terms of the Loan Documents and the applicable Financing Order regardless of whether such amounts exceed such estimates.  Nothing in any Approved Budget shall constitute an amendment or other modification of any Loan Document or any of the other lending limits set forth therein.

   ARTICLE VII     
 
EVENTS OF DEFAULT

Section 7.01    Events of Default.  If any of the following events (“Events of Default”) shall occur and be continuing:
(a)    Any Borrower shall fail to pay (i) any principal of any Term Loan when the same becomes due and payable, or (ii) any interest or any fees on any Term Loan or Term Commitment, as applicable, or (iii) any other amounts payable under this Agreement or any other Loan Document, in each case under this clause (iii), within three (3) days after the same becomes due and payable; or
(b)    Any representation or warranty made by any Loan Party under this Agreement or in any other Loan Document, or in any other written statement furnished in connection with to this Agreement or any other Loan Document, or the transactions contemplated thereby shall prove to have been incorrect in any material respect when made or deemed made; or
(c)    (i)  Any Loan Party shall fail to perform or observe any term, covenant or agreement contained in Section 6.01(c), (d), (e), (h), (j), (k), (n), (q), (r), (s), or (t), 6.02, or 6.03 of this Agreement, (ii) any Loan Party shall fail to perform or observe any term, covenant or agreement contained in Section 6.01(n) and such failure continues for more than one Business Day or (iii) any Loan Party shall fail to perform or observe any other term, covenant or agreement contained in this Agreement or any other Loan Document, if such failure shall remain unremedied for thirty (30) days; or
(d)    Any Loan Party shall fail to pay any principal amount on any postpetition or unstayed Debt in an aggregate principal amount in excess of $25,000,000 that is outstanding (excluding Debt outstanding hereunder) when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or any other event shall occur or condition shall exist under any agreement or instrument relating to such postpetition or unstayed Debt and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate, or permit the “agent,” “trustee” or other representative or required percentage of holders thereof to accelerate, the maturity of such Debt; or any such Debt shall be declared to be due and payable, or required to be prepaid or redeemed, purchased or defeased, or an offer to prepay, redeem, purchase or defease such Debt shall be required to be made and is accepted, in each case, other than (i) a scheduled prepayment, redemption or purchase, or (ii) a mandatory prepayment, redemption 

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or purchase, or a required offer to prepay, redeem or purchase, that results from the voluntary sale or transfer of property or assets, unless such prepayment, redemption or purchase is not made on the date such prepayment, redemption or purchase is due), in each case, prior to the stated maturity thereof; or there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from any event of default under such Swap Contract as to which any Loan Party is the Defaulting Party (as defined in such Swap Contract) and the Swap Termination Value owed by such Loan Party as a result thereof is greater than $25,000,000; or
(e)    A judgment or order for the payment of money (excluding (i) any “first day” or “second day” orders or (ii) any other order fixing the amount of any claim in the Chapter 11 Cases, in each case, to the extent such orders are in form and substance acceptable to the Agent in its sole and absolute discretion) in excess of $25,000,000 (net of any portion of such judgment to be paid by a third-party insurer as to which coverage has not been disputed) shall be rendered after the Petition Date against any Group Member, which judgment or order is not automatically stayed or otherwise stayed pursuant to an order of the Bankruptcy Court, and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) there shall be any period of 10 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or
(f)     (i) Any Borrower or any of its ERISA Affiliates shall incur, or shall be reasonably likely to incur administrative expense claims in excess of $25,000,000 in the aggregate (subject to Section 7.01(p)) as a result of one or more of the following:  (a) the occurrence of any ERISA Event; (b) the partial or complete withdrawal of such Borrower or any of its ERISA Affiliates from a Multiemployer Plan; or (c) the termination of a Multiemployer Plan; or (ii) the PBGC shall have obtained a valid and perfected Lien on assets of any of the Loan Parties.
(g)    Any of the Loan Documents or Prepetition Loan Documents shall cease, for any reason, to be in full force and effect, or any Loan Party or any its Affiliate shall so state in writing, or any Lien created by any of the Security Documents or Prepetition Loan Documents shall cease to be enforceable and of the same effect and priority purported to be created thereby, including as a result of the failure to comply with Section 5.4 of the Guarantee and Collateral Agreement; or
(h)    Any acceleration of, or Event of Default (as defined in the DIP ABL Facility) has occurred and is continuing under the DIP ABL Credit Agreement; or
(i)    The entry of an order dismissing any of the Chapter 11 Cases of any Loan Party with Material Assets or converting any of the Chapter 11 Cases of any Loan Party with Material Assets to a case under chapter 7 of the Bankruptcy Code, or any filing by a Group Member of a motion or other pleading seeking entry of such an order; or
(j)    A trustee, responsible officer or an examiner having powers related to the operation of the business (beyond those set forth under sections 1106(a)(3) and (4) of the Bankruptcy Code) under Bankruptcy Code section 1104 (other than a fee examiner) is appointed or elected in the Chapter 11 Cases, a Debtor applies for, consents to, or acquiesces in, any such appointment, or the Bankruptcy Court shall have entered an order providing for such appointment, in each case, without the prior written consent of the Agent in its sole and absolute discretion; or
(k)     (i) The entry of an order staying, reversing or vacating any Financing Order, or (ii) modifying or amending the Financing Orders other than in form and substance satisfactory to the Agent in its sole and absolute discretion, or (iii) modifying or amending the Financing Orders in a manner 

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adverse to the Credit Parties or (iv) the filing by a Debtor of an application, motion or other pleading seeking entry of such an order without the prior written consent of the Agent in its sole and absolute discretion; or
(l)    The entry of an order in any of the Chapter 11 Cases denying or terminating use of cash collateral by the Loan Parties; or
(m)    The entry of an order in any of the Chapter 11 Cases granting relief from any stay or proceeding (including, without limitation, the Automatic Stay) so as to allow a third party to proceed with foreclosure against any assets of the Loan Parties in excess of $25,000,000; or 
(n)    The entry of an order in the Chapter 11 Cases charging any of the Collateral or Prepetition ABL Collateral, in each case, under section 506(c) of the Bankruptcy Code against the Credit Parties or the Prepetition Credit Parties or the commencement of other actions by any Group Member that challenges the rights and remedies of any of the Credit Parties hereunder or under any of the other Loan Documents or any of the Prepetition Credit Parties under the Prepetition First Lien ABL Credit Agreement or any of the Loan Documents (as defined in the Prepetition First Lien ABL Credit Agreement) in any of the Chapter 11 Cases or in a manner inconsistent with the Loan Documents; or
(o)    Without the prior written consent of the Agent, and other than in respect of the DIP Junior Facility and the Carve-Out or as permitted pursuant to the Loan Documents, the bringing of any motion or taking of any action seeking entry of an order, or the entry of an order by the Bankruptcy Court, in any of the Chapter 11 Cases (i) granting superpriority administrative expense status to any claim pari passu with or senior to the claims of the Credit Parties hereunder and under the other Loan Documents, (ii) permitting the Debtors to obtain financing under section 364 of the Bankruptcy Code, (iii) permitting the Debtors to grant security interests or liens under section 364 of the Bankruptcy Code, (iv) permitting the Debtors to use cash collateral under section 364 of the Bankruptcy Code, or (v) authorizing the Debtors to take other actions adverse to any Credit Party or any Prepetition Credit Party or their rights and remedies under the Loan Documents, the Prepetition First Lien ABL Credit Agreement or their interest in Prepetition ABL Collateral or the Collateral under section 364 of the Bankruptcy Code; or
(p)    The entry of any order terminating any Debtor’s exclusive right to file a plan of reorganization or the expiration of any Debtor’s exclusive right to file a plan of reorganization without the prior written consent of the Agent in its sole and absolute discretion; or
(q)    There shall arise any superpriority claim in the Chapter 11 Case which is pari passu with or senior to the priority of the Junior DIP Facility Superpriority Claims, except with respect to the Carve-Out and as set forth in the Financing Orders; or
(r)    The entry of any order in the Chapter 11 Cases which provides adequate protection, or the granting by Debtor of similar relief in favor of any one or more of a Debtor’s prepetition creditors, contrary to the terms and conditions of any Financing Order or the Loan Documents; or
(s)    The making of any payments in respect of prepetition obligations other than (i) as permitted by the Interim Financing Order and the Final Financing Order, (ii) as permitted by the Cash Management Order or any other substantive order entered by the Bankruptcy Court, all of which shall be in form and substance satisfactory to the Agent in its sole and absolute discretion acting in good faith, (iii) as permitted by any administrative “first day order,” “second day order” or other administrative order entered by the Bankruptcy Court, all of which shall be in form and substance satisfactory to the Agent in its sole and absolute discretion acting in good faith, or (iv) as otherwise agreed to in writing by the Agent; or

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(t)    Other than with respect to the Carve-Out, the Liens securing the DIP Junior Facility and other than as provided in the Financing Orders, the Loan Parties shall create or incur, or the Bankruptcy Court enters an order granting, any claim or lien which is pari passu with or senior to any Liens securing the “Obligations” under the DIP ABL Facility, or the Adequate Protection Liens and adequate protection obligations granted under the Financing Orders; or
(u)    Noncompliance by any Loan Parties or any of their Subsidiaries (or any direct or indirect parent of any Loan Party) with the terms of the Financing Orders, as applicable, the Cash Management Order or the Employee Wage Order in any material respect or in a manner adverse to the Credit Parties; or
(v)    The Loan Parties or any of their Subsidiaries (or any direct or indirect parent of any Loan Party), or any person claiming by or through any of the foregoing, shall obtain court authorization to commence, or shall commence, join in, assist, acquiesce to, or otherwise participate as an adverse party in any suit or other proceeding (including any adversary proceeding) against the Agent, the Collateral Agent or any of the Lenders regarding the DIP Junior Facility; or
(w)    The Loan Parties or any of their Subsidiaries (or any of their direct or indirect parents) shall file, propose, support, or fail to contest in good faith the filing or confirmation of a chapter 11 plan that is not an Acceptable Plan of Reorganization or the entry of a confirmation order approving such plan, or any order shall be entered that does not provide for release and exculpatory provisions relating to the Credit Parties that are satisfactory to the Agent in its sole and absolute discretion; or
(x)    The Bankruptcy Court shall enter an order authorizing the sale of all or substantially all of the assets of the Debtors or its Subsidiaries, other than pursuant to any Specified Sale Transaction or the Specified Store Closing Sales, unless (i) such order contemplates repayment in full in cash of the DIP Junior Facility upon consummation of the sale or (ii) consummated as part of an Acceptable Plan of Reorganization; or
(y)    The entry of an order in the Chapter 11 Cases avoiding or permitting recovery of any portion of the payments made on account of the obligations under the DIP Junior Facility, the Loan Documents, or related documents, or the taking of any action by any Debtor to challenge, support or encourage a challenge of any such payments; or
(z)    The Final Financing Order and the terms thereof shall cease to create a valid and perfected security interest and lien on the Collateral; or
(aa)    If the Final Financing Order does not include a waiver, in form and substance satisfactory to the Agent in its sole and absolute discretion, of (A) the right to surcharge the Collateral under section 506(c) of the Bankruptcy Code solely as to the Obligations, (B) any ability to limit the extension under section 552(b) of the Bankruptcy Code of the liens of the Prepetition ABL Agent on the Prepetition ABL Collateral to any proceeds, products, offspring, or profits of the Prepetition ABL Collateral acquired by any Debtor after the Petition Date and (C) the doctrine of marshaling; or
(bb)    An order in the Chapter 11 Cases shall be entered (i) charging any of the Collateral under section 506(c) of the Bankruptcy Code against the Credit Parties (in their capacity as Credit Parties), or (ii) limiting the extension under section 552(b) of the Bankruptcy Code of the Liens of the Prepetition ABL Agent on the Prepetition ABL Collateral to any proceeds, products, offspring, or profits of the Prepetition ABL Collateral acquired by any Debtor after the Petition Date;

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(cc)    The commencement by any Debtor of actions challenging the respective rights and remedies of the Credit Parties under the Loan Documents in any of the Chapter 11 Cases or in a manner inconsistent with any of the Loan Documents;
(dd)    The filing or support of any pleading by any Group Member seeking, or otherwise consenting to, any relief the granting of which could reasonably be expected to result in the occurrence of an Event of Default;
(ee)    (i) Any “person” or “group” (as such terms are used in sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its Subsidiaries, and any Person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) other than a Permitted Holder becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire (such right, an “option right”), whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of 35% or more of the equity securities of Holdings entitled to vote for members of the Board of Directors of Holdings on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right) and such “person” or “group” shall beneficially own (as such term is used herein) a greater percentage of the equity Securities of Holdings entitled to vote for members of the Board of Directors than the Permitted Holders shall, collectively, beneficially own; or (ii) during any period of 12 consecutive months, a majority of the members of the Board of Directors or other equivalent governing body of Holdings cease to be composed of individuals (x) who were members of that board or equivalent governing body on the first day of such period, (y) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (x) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (z) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (x) and (y) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body; or (iii) Holdings shall cease for any reason to own, directly or indirectly, 100% of the Voting Stock of Sears and Kmart;
(ff)    The guarantee contained in Section 2 of the Guarantee and Collateral Agreement shall cease, for any reason, to be in full force and effect or any Loan Party shall so state in writing; or
(gg)    A plan of reorganization shall be filed by the Obligors, or confirmed in any of the Chapter 11 Cases, that is not the Acceptable Plan of Reorganization.

Section 7.02    Remedies. Upon the occurrence of any Event of Default, in each case without further order or application of the Bankruptcy Court, the Agent may, and at the direction of the Required Lenders, shall, take any and all of the following actions: 
(a)    declare the Term Commitment of each Lender to be terminated, whereupon the same shall forthwith terminate provided that upon the occurrence of any Event of Default described in clauses (k) – (gg) of Section 7.01, the Term Commitments shall automatically terminate; provided that such termination shall be deemed rescinded to the extent it is determined by the Bankruptcy Court during the Remedies Notice Period that no Event of Default has occurred and is continuing;
(b)    declare the Term Loan, all interest thereon and all other amounts payable under this Agreement and the other Loan Documents to be forthwith due and payable, whereupon the Term 

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Loan, all such interest and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrowers; provided, that upon the occurrence of any Event of Default, all such amounts and interest shall automatically become due and payable, without presentment, demand protest or any notice of any kind, all of which are hereby expressly waived by the Borrowers;
(c)    the termination of the Loan Documents as to any future liability or obligation of the Agent and the Lenders, but without affecting any of the Collateral or the liability or obligations of any Loan Party; subject to the Remedies Notice Period;
(d)    exercise all rights and remedies available to it (whether as a secured creditor or otherwise) under the DIP ABL Facility, this Agreement, the other Loan Documents, the Financing Orders or applicable law (including, subject to the Remedies Notice Period, in respect of the Collateral); 
(e)    [reserved];
(f)    subject to the Remedies Notice Period, (i) enter upon any premises on or in which any of the Collateral may be located and take possession of the Collateral or complete processing, manufacturing and repair of all or any portion of the Collateral, (ii) collect, foreclose, receive, appropriate, setoff and realize upon any and all Collateral, (iii) remove any Collateral from any premises on or in which the same may be located for the purpose of effecting the sale, foreclosure or other disposition thereof or for any other purpose, (iv) exercise its unqualified right to credit bid up to the full amount of the outstanding Obligations (including any accrued interest) in any sale of the Collateral (or any part thereof), without the need for further Court order authorizing the same, and whether such sale is effectuated through section 363 or 1129 of the Bankruptcy Code, by a chapter 7 trustee under section 725 of the Bankruptcy Code, or otherwise;
(g)    take whatever other commercially reasonable action the Agent or the Required Lenders may deem necessary or desirable for the protection of the interests of the Credit Parties (including, subject to the Remedies Notice Period, in respect of the Collateral);
(h)    declare a termination, reduction or restriction on the ability of the Loan Parties to use any cash collateral; and/or
(i)    subject to the Remedies Notice Period, with respect to any Event of Default arising out of the failure of the Loan Parties to complete any material step in the Going Concern Sale Process (as defined in the DIP Motion), direct any or all of the Loan Parties to sell or otherwise dispose of any or all of the Collateral on terms and conditions acceptable to the Agent pursuant to section 363, section 365 and other applicable provisions of the Bankruptcy Code (and, without limiting the foregoing, direct any Loan Party to assume and assign any lease or executory contract included in the Collateral to the Agent’s designees in accordance with and subject to section 365 of the Bankruptcy Code).
provided, that (a) above shall be deemed rescinded to the extent it is determined by the Bankruptcy Court during the Remedies Notice Period that no Event of Default has occurred and is continuing; provided, further, that with respect to the enforcement of the Agent’s Liens or exercise of any other rights or remedies with respect to the Collateral (including rights to set off or apply any amounts in any bank accounts that are a part of the Collateral), the Agent shall provide the Loan Parties with at least seven (7) Business Days’ written notice prior to taking the action contemplated thereby; provided, further, that no Remedies Notice Period shall be required for any exercise of rights or remedies (i) to block or limit withdrawals from any bank 

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accounts that are a part of the Collateral (including, without limitation, by sending any control activation notices to depositary banks pursuant to any control agreement, subject to the proviso below) and (ii) in the event the Obligations have not been repaid in full in cash on the Scheduled Termination Date.
All rights, remedies and powers granted to the Agent or Collateral Agent hereunder and under the Loan Documents or the applicable Financing Orders, as applicable, are cumulative, not exclusive and enforceable, in the Agent’s or such Collateral Agent’s discretion, alternatively, successively, or concurrently. Each Lender agrees that it shall not take or institute any actions or proceedings, judicial or otherwise, for any right or remedy against any Loan Party under this Agreement or any other Loan Documents, as applicable (including the exercise of any right of setoff, rights on account of any banker’s lien or similar claim or other rights of self-help), or institute any actions or proceedings, or otherwise commence any remedial procedures, with respect to the guaranties or any Collateral or any other property of any such Loan Party, without the prior written consent of the Agent. The provisions of this paragraph are for the sole benefit of the Lenders and the Agent and shall not afford any right to, or constitute a defense available to, any Loan Party.
The exercise of the foregoing rights and remedies shall be subject to the terms of the DIP Intercreditor Agreement.  
Notwithstanding anything contained in the Loan Documents to the contrary, (x) in no event shall the Lenders or the Agent be prevented from making any filing that may be required to toll the running of any applicable statute of limitations or to preserve its rights to make a claim against any Loan Party and (y) subject to the Carve Out, nothing hereunder shall obligate the Lenders to fund Term Loans upon the occurrence or continuation of an Event of Default.
All rights, remedies and powers granted to the Agent hereunder, under the other Loan Documents or under any Financing Order, as applicable, are cumulative, not exclusive and enforceable, in the Agent’s discretion, alternatively, successively, or concurrently.

Section 7.03    Application of Proceeds. If an Event of Default shall have occurred and be continuing and the Obligations shall have been accelerated, except as otherwise agreed by all Lenders, the Agent shall apply all or any part of Proceeds constituting Collateral, whether or not held in the Term Loan Collateral Account, and any proceeds of the guarantee set forth in Guarantee and Collateral Agreement, in payment of the Obligations in the following order:
First, to pay all incurred and unpaid fees, expenses, including Extraordinary Expenses, indemnities, and other amounts (including and fees, charges and disbursements of counsel to the Agent and the Collateral Agent) payable to the Agent and the Collateral Agent (each in its capacity as such) under the Loan Documents, pro rata among such Persons according to the amounts of such Obligations then due and owing and remaining unpaid to each;
Second, to pay all incurred and unpaid expenses, indemnities, and other amounts payable to the Lenders (including fees, charges and disbursements of counsel to the respective Lenders) under the Loan Documents, pro rata among such Persons according to the amounts of such Obligations then due and owing and remaining unpaid to each;
Third, to pay all accrued and unpaid interest on the Term Loan, and fees, payable to the Lenders under the Loan Documents, pro rata among such Persons according to the amounts of such Obligations then due and owing and remaining unpaid to each;
Fourth, to pay all the unpaid principal on the Term Loan pro rata among the Lenders according to the amounts of such Obligations then due and owing and remaining unpaid to the Lenders;

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Fifth, to pay all other amounts then due and owing and remaining unpaid in respect of the Obligations, pro rata among the Lenders according to the amounts of the Obligations then due and owing and remaining unpaid to the Lenders; and
Sixth, any balance remaining after the Obligations shall have been paid in full, and the Term Commitments shall have terminated, shall be paid over to the Borrowers or to whomsoever may be lawfully entitled to receive the same.

Section 7.04    Lift of Automatic Stay. Subject to the Order and the terms thereof, if any Event of Default then exists, the Automatic Stay shall be modified or vacated to permit the Agent and the Lenders to exercise all rights and remedies under this Agreement, the other Loan Documents or applicable law, without notice, application or motion, hearing before, or order of the Bankruptcy Court.

Section 7.05    License; Cooperation. The Agent and the Collateral Agent are hereby granted an irrevocable, non-exclusive, worldwide, fully assignable and sublicensable license or other right to use, license or sub-license (without payment of royalty or other compensation to any Person) any or all Intellectual Property, computer hardware and software, trade secrets, brochures, customer lists, promotional and advertising materials, labels, packaging materials and other Property owned by any Loan Party, in advertising for sale, marketing, selling, collecting, completing manufacture of, or otherwise exercising any rights or remedies with respect to, any Collateral, including rights to commercialize and exploit any Intellectual Property included in the Collateral for the purpose of enabling the Agent to exercise all rights and remedies provided for in the Loan Documents, in each case after the occurrence, and solely during the continuance, of an Event of Default.  To the extent the Loan Parties may lawfully do so, the Agent and the Collateral Agent (together with their respective agents, representatives and designees) are hereby granted a non-exclusive right to have access to, and a rent-free right to use, any and all owned or leased locations (including, without limitation, warehouse locations, distribution centers and Store locations) for the purpose of arranging for and effecting the sale or disposition of Collateral, including the production, completion, packaging and other preparation of such Collateral for sale or disposition (it being understood and agreed that the Agent and its representatives (and persons employed on their behalf), may continue to operate, service, maintain, process and sell the Collateral, as well as to engage in bulk sales of Collateral).  Upon the occurrence and the continuance of an Event of Default and the exercise by the Agent, Collateral Agent or Lenders of their rights and remedies under this Agreement and the other Loan Documents, the Loan Parties shall assist the Agent, the Collateral Agent and Lenders in effecting a sale or other disposition of the Collateral upon such terms as are reasonably acceptable to the Agent.

      ARTICLE VIII     
 
THE AGENT AND COLLATERAL AGENT

Section 8.01    Appointment.  Each Lender hereby irrevocably designates and appoints Cantor Fitzgerald Securities as Agent and Collateral Agent under this Agreement and the other Loan Documents and the Financing Orders, and each such Lender irrevocably authorizes the Agent and the Collateral Agent, in such capacity, to take such action on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly delegated to the Agent and the Collateral Agent, as applicable, by the terms of this Agreement and the other Loan Documents, together with such other powers as are reasonably incidental thereto.  For clarity, and notwithstanding anything to the contrary contained in this Agreement and the other Loan Documents, no consent of the Lenders shall be required to amend this Agreement or the Loan Documents to (i) cause additional assets to become Collateral or to add additional Subsidiaries as guarantors of the Obligations, 

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or (ii) implement the provisions of Section 8.12, and the Agent and the Loan Parties shall be entitled to execute any and all amendments necessary or desirable to accomplish any of the foregoing and such amendments shall be binding on the other parties hereto.  Notwithstanding any provision to the contrary elsewhere in this Agreement, neither the Agent nor the Collateral Agent shall have any duties or responsibilities, except those expressly set forth in this Agreement and the other Loan Documents to which it is a party, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Agent or the Collateral Agent.  

Section 8.02    Delegation of Duties; Lender Advisors. 
             (a) Each of the Agent and the Collateral Agent may execute any of its duties under this Agreement and the other Loan Documents by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties.  Neither the Agent nor the Collateral Agent shall be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care.
(b)    Each of the Agent and the Collateral Agent, on behalf of each of them and the Lenders, shall be entitled to retain (either directly or through counsel) upon request from the Lead Lender any financial advisor, auditor or any other consultant the Agent and the Collateral Agent may deem necessary (collectively, the “Lender Advisors”) to provide advice, analysis and reporting for the benefit of the Agent, the Collateral Agent and the Lenders.  The Loan Parties and their advisors shall grant access to, and cooperate in all respects with, the Agent, the Collateral Agent, the Lenders, the Lender Advisors and any other representatives of the foregoing and provide all information that such parties may reasonably request in a timely manner.  The Borrowers shall promptly pay upon demand all fees and expenses of each Lender Advisor, and all such fees and expenses shall constitute Obligations and be secured by the Collateral.  All reports, determinations and other written and verbal information provided by the Lender Advisors shall be confidential and no Loan Party shall be entitled to have access to same; provided, that the Loan Parties shall be provided with a reasonable opportunity to review and respond to any written reports prepared by the Lender Advisors to the extent that disclosure of any such written reports to the Loan Parties will not be prejudicial to the Agent and the Lenders, as reasonably determined by each party

Section 8.03    Exculpatory Provisions.  No Agent (for purposes of this Article VIII, “Agent” and “Agents” shall mean the collective reference to the Agent, the Collateral Agent and any other Lender designated as an “Agent” for purposes of this Agreement) nor any of their respective Related Parties shall be (i) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any other Loan Document (except to the extent that any of the foregoing are found by a final and non-appealable decision of a court of competent jurisdiction to have resulted from its or such Person’s own gross negligence or willful misconduct) or (ii) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by any Loan Party or any officer thereof contained in this Agreement or any other Loan Document or in any certificate, report, statement or other document referred to or provided for in, or received by the Agents under or in connection with, this Agreement or any other Loan Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document or for any failure of any Loan Party that is a party thereto to perform its obligations hereunder or thereunder, or (iii) have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that such Agent is required to exercise as directed in writing by the Required Lenders (or such other percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents); provided that such Agent shall not be required to take any action that, in its judgment or the judgment of its counsel, may expose such Agent to liability or that is contrary to any Loan Document or applicable Requirements of 

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Law.  The Agents shall not be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of any Loan Party.

Section 8.04    Reliance by Agent.  The Agent and Collateral Agent shall be entitled to rely, and shall be fully protected in relying, upon any instrument, writing, resolution, notice, consent, certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other document or conversation believed by them to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including counsel to Holdings or the Borrowers), independent accountants and other experts selected by the Agent.  The Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Agent.  The Agent and Collateral Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless they shall first receive such advice or concurrence of the Required Lenders (or, if so specified by this Agreement, all Lenders) as they deem appropriate and notwithstanding the instructions of Required Lenders (or, if so specified by this Agreement, all Lenders), they shall have no obligation to any Lender to take any action unless they shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by them by reason of taking or continuing to take any such action.  The Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the Required Lenders (or, if so specified by this Agreement, affected Lenders or all Lenders), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Term Loan.

Section 8.05    Notice of Default.  The Agent and the Collateral Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless the Agent or the Collateral Agent has received notice from a Lender, Holdings or a Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”.  In the event that the Agent receives such a notice, the Agent shall give notice thereof to the Lenders.  The Agent and the Collateral Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, affected Lenders or all Lenders); provided, that unless and until the Agent or the Collateral Agent shall have received such directions, the Agent, in consultation with the Collateral Agent, may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders.

Section 8.06    Non-Reliance on Agents and Other Lenders.  Each Lender expressly acknowledges that neither the Agent, the Collateral Agent nor any of their respective Related Parties have made any representations or warranties to it and that no act by the Agent or the Collateral Agent hereafter taken, including any review of the affairs of a Loan Party or any Affiliate of a Loan Party, shall be deemed to constitute any representation or warranty by the Agent or the Collateral Agent to any Lender.  Each Lender represents to the Agent and the Collateral Agent that it has, independently and without reliance upon the Agent, the Collateral Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of, and investigation into, the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates and made its own decision to make the Term Loan hereunder and enter into this Agreement.  Each Lender also represents that it will, independently and without reliance upon the Agent, the Collateral Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and 

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creditworthiness of the Loan Parties and their Affiliates.  Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Agent or the Collateral Agent hereunder, the Agent and the Collateral Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of any Loan Party or any Affiliate of a Loan Party that may come into the possession of the Agent or the Collateral Agent or any of their respective Related Parties.

Section 8.07    Reports and Financial Statements.  By signing this Agreement, each Lender:
(a)    is deemed to have requested that the Agent furnish such Lender, promptly after they become available, copies of all financial statements and reports required to be delivered by the Loan Parties hereunder and all commercial finance examinations and appraisals of the Collateral received by the Collateral Agent (collectively, the “Reports”) (which the Agent and the Collateral Agent agree to so deliver);
(b)    expressly agrees and acknowledges that the Agent and the Collateral Agent make no representation or warranty as to the accuracy of the Reports, and shall not be liable for any information contained in any Report;
(c)    expressly agrees and acknowledges that the Reports are not comprehensive audits or examinations, that the Agent, the Collateral Agent or any other party performing any audit or examination will inspect only specific information regarding the Loan Parties and will rely significantly upon the Loan Parties’ books and records, as well as on representations of the Loan Parties’ personnel;
(d)    agrees to keep all Reports confidential in accordance with the provisions of this Agreement; 
(e)    without limiting the generality of any other indemnification provision contained in this Agreement, agrees: (i) to hold the Agent, the Collateral Agent, the Lender Professionals and any such other Lender or Person preparing a Report harmless from any action the indemnifying Lender may take or conclusion the indemnifying Lender may reach or draw from any Report in connection with any credit extensions that the indemnifying Lender has made or may make to the Borrowers, or the indemnifying Lender’s purchase of, a Loan or Loans; and (ii) to pay and protect, and indemnify, defend, and hold the Agent, the Collateral Agent, the Lender Professionals and any such other Lender or Person preparing a Report harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including reasonable attorney costs) incurred by the Agent, Collateral Agent and any such other Lender or Person preparing a Report as the direct or indirect result of any third parties who might obtain all or part of any Report through the indemnifying Lender; and
(f)    agrees that it shall not take or institute any actions or proceedings, judicial or otherwise, for any right or remedy against any Loan Party under this Agreement or any other Loan Documents or the Financing Orders, as applicable (including the exercise of any right of setoff, rights on account of any banker’s lien or similar claim or other rights of self-help), or institute any actions or proceedings, or otherwise commence any remedial procedures, with respect to the guaranties or any Collateral or any other property of any such Loan Party, without the prior written consent of the Agent. The provisions of this paragraph are for the sole benefit of the Lenders and the Agent and shall not afford any right to, or constitute a defense available to, any Loan Party.

Section 8.08    Indemnification of Agent Indemnitees.

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(a)    Indemnification. The Lenders agree to indemnify Agent Indemnitees (to the extent not reimbursed by Holdings or the Borrowers and without limiting the obligation of Holdings or the Borrowers to do so), ratably according to their respective Pro Rata Shares in effect on the date on which indemnification is sought under this Section 8.08(a), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Term Loan) be imposed on, incurred by or asserted against any Agent Indemnitee in any way relating to or arising out of, the Term Commitments, this Agreement, any of the other Loan Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by such Agent Indemnitee under or in connection with any of the foregoing; provided, that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements to an Agent Indemnitee that are found by a final and non-appealable decision of a court of competent jurisdiction to have resulted from the such Agent Indemnitee’s gross negligence or willful misconduct.  The agreements in this Section shall survive the payment of the Term Loan and all other amounts payable hereunder. If any Agent Indemnitee is sued by any receiver, trustee in bankruptcy, debtor-in-possession, the official committee of unsecured creditors, or other Person for any alleged preference from a Loan Party or fraudulent transfer, then any monies paid by such Agent Indemnitee in settlement or satisfaction of such proceeding, together with all interest, costs and expenses (including attorneys’ fees) incurred in the defense of same, shall be promptly reimbursed to such Agent Indemnitee by Lenders to the extent of each Lender’s Pro Rata share.
(b)       Proceedings.  Without limiting the generality of the foregoing, if at any time (whether prior to or after the Termination Date) any proceeding is brought against any Agent Indemnitees by a Loan Party, or any Person claiming through a Loan Party, to recover damages for any act taken or omitted by Agent in connection with any Obligations, Collateral, Loan Documents or matters relating thereto, or otherwise to obtain any other relief of any kind on account of any transaction relating to any Loan Documents, each Lender agrees to indemnify and hold harmless the Agent Indemnitees with respect thereto and to pay to the Agent Indemnitees such Lender’s Pro Rata share of any amount that any Agent Indemnitee is required to pay under any judgment or other order entered in such proceeding or by reason of any settlement, including all interest, costs and expenses (including attorneys’ fees) incurred in defending same; provided, that no Lender shall be liable for payment of any such amount to the extent that it is determined in a final, non-appealable judgment by a court of competent jurisdiction that such judgment, order or settlement resulted from such Agent Indemnitees’ gross negligence or willful misconduct.  In Agent’s discretion, Agent may reserve for any such proceeding, and may satisfy any judgment, order or settlement, from proceeds of Collateral prior to making any distributions of Collateral proceeds to Lenders provided that it has not been determined in a final, non-appealable judgment by a court of competent jurisdiction that such judgment, order or settlement resulted from any Agent Indemnitees’ gross negligence or willful misconduct.

Section 8.09    Agent in Its Individual Capacity.  Each Agent and its Affiliates may make loans to, accept deposits from and generally engage in any kind of business with any Loan Party as though such Agent were not an Agent. With respect to its Term Loans made or renewed by it, each Agent shall have the same rights and powers under this Agreement and the other Loan Documents as any Lender and may exercise the same as though it were not an Agent, and the terms “Lender” and “Lenders” shall include each Agent in its individual capacity.

Section 8.10    Successor Agent.  
(a)    The Agent may resign as Agent upon 30 days’ notice to the Lenders and the Borrowers.  If the Agent shall resign as Agent under this Agreement and the other Loan Documents, then the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders, whereupon 

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such successor agent shall succeed to the rights, powers and duties of the Agent, and the term “Agent” shall mean such successor agent effective upon such appointment, and the former Agent’s rights, powers and duties as Agent shall be terminated, without any other or further act or deed on the part of such former Agent or any of the parties to this Agreement or any holders of the Term Loan.  If no successor agent has accepted appointment as Agent by the date that is 30 days following a retiring Agent’s notice of resignation, the retiring Agent’s resignation shall nevertheless thereupon become effective, and the Lenders shall assume and perform all of the duties of the Agent hereunder, until such time, if any, as the Required Lenders appoint a successor agent as provided for above.  After any retiring Agent’s resignation as Agent, the provisions of this Article VIII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement and the other Loan Documents.
(b)    The Collateral Agent may resign as Collateral Agent upon 30 days’ notice to the Lenders and the Borrowers. The rights, duties and responsibilities of the Collateral Agent hereunder are specific to Cantor Fitzgerald Securities, and upon (i) the resignation of any such Person as Collateral Agent hereunder, or (ii) except as otherwise agreed by the Borrowers and the Agent (whose agreement shall not be unreasonably withheld), the assignment of all of the rights, duties and obligations under this Agreement in respect of its Term Commitment, the Term Loan and other amounts owing to it and any Note or Notes held by it by any such Person, then such rights, duties and responsibilities of such Person as Collateral Agent shall automatically terminate and be of no further force and effect; provided, that the provisions of this Article VIII shall inure to such Person’s benefit as to any actions taken or omitted to be taken by it while it was Collateral Agent under this Agreement and the other Loan Documents.  Without limiting the foregoing, no additional Collateral Agent shall be appointed hereunder without the prior written consent of the Agent and the Borrowers.

Section 8.11    Defaulting Lenders.  
(a)    Adjustments.  Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable law:
(i)    Waivers and Amendments.  Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of “Required Lenders” and this Section 8.12.
(ii)    Defaulting Lender Waterfall.  Any payment of principal, interest, fees or other amounts received by the Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise) or received by the Agent from a Defaulting Lender pursuant to Section 9.05 shall be applied at such time or times as may be determined by the Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to Lenders hereunder; third, as the Borrowers may request (so long as no Default or Event of Default exists), to the funding of any Extension of Credit in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Agent; fourth, if so determined by the Agent and the Borrowers, to be held in a deposit account and released pro rata in order to satisfy such Defaulting Lender’s potential future funding obligations with respect to Extensions of Credit under this Agreement; fifth, to the payment of any amounts owing to the Non-Defaulting Lenders, as a result of any judgment of a court of competent jurisdiction obtained by any Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; sixth, 

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so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrowers as a result of any judgment of a court of competent jurisdiction obtained by the Borrowers against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and seventh, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided, that if (x) such payment is a payment of the principal amount of any Extension of Credit in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Term Loans were made at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Extensions of Credit owed to all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Obligations owed to, such Defaulting Lender until such time as all Term Loans are held by the Lenders pro rata in accordance with the Term Commitments hereunder without giving effect to Section 2.13. 
(iii)    Certain Fees. No Defaulting Lender shall be entitled to receive any fee payable under Section 2.03 for any period during which that Lender is a Defaulting Lender (and the Borrowers shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).
(b)    Consents.  If a Lender becomes a Defaulting Lender, then, in addition to the rights and remedies that may be available to the other Credit Parties, the Loan Parties or any other party at law or in equity, and not in limitation thereof, except as set forth in the last sentence hereof, such Defaulting Lender’s right to participate in decision-making rights related to the Obligations in respect of Required Lender votes, this Agreement or the other Loan Documents shall be suspended during the pendency of such failure or refusal. Notwithstanding anything else provided herein, any amendment, waiver determination, consent or notification under Section 9.01 that would (i) increase or extend the term of the Term Commitment of a Defaulting Lender, (ii) reduce the principal amount of the Term Loan made by such Defaulting Lender, (iii) alter the terms and conditions of this sentence or (iv) otherwise disproportionately affect a Defaulting Lender, will require the consent of such Defaulting Lender.
(c)    Defaulting Lender Cure.  If the Borrowers, the Agent, and the Lenders agree in writing that a Lender is no longer a Defaulting Lender, the Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, that Lender will, to the extent applicable, purchase at par that portion of outstanding Term Loans of the other Lenders or take such other actions as the Agent may determine to be necessary, whereupon such Lender will cease to be a Defaulting Lender; provided, that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrowers while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender.

Section 8.12    Certain ERISA Matters.
(i)    such Lender is not using “plan assets” (within the meaning of section 3(42) of ERISA or otherwise) of one or more Benefit Plans in connection with the Extensions of Credit or the Term Commitments, 
(ii)    the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions 

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involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Extensions of Credit, the Term Commitments and this Agreement, 
(iii)    or (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Extensions of Credit, the Letters of Credit, the Term Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Extensions of Credit, the Term Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Extensions of Credit, the Term Commitments and this Agreement. 
(b)    In addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender, such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Agents and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that  none of the Agents or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender involved in the Extensions of Credit, the Term Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Agent under this Agreement, any Loan Document or any documents related to hereto or thereto).

Section 8.13    Credit Bidding.  The Credit Parties hereby irrevocably authorize the Agent, at the direction of the Required Lenders, to credit bid all or any portion of the Obligations (including accepting some or all of the Collateral in satisfaction of some or all of the Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under the provisions of the Bankruptcy Code of the United States, including under sections 363, 1123 or 1129 of the Bankruptcy Code of the United States, or any similar laws in any other jurisdictions to which a Loan Party is subject, or (b) at any other sale or foreclosure or acceptance of collateral in lieu of debt conducted by (or with the consent or at the direction of) the Agent (whether by judicial action or otherwise) in accordance with any applicable law.  In connection with any such credit bid and purchase, the Obligations owed to the Credit Parties shall be entitled to be, and shall be, credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims receiving contingent interests in the acquired assets on a ratable basis that would vest upon the liquidation of such claims in an amount proportional to the liquidated portion of the contingent claim amount used in allocating the contingent interests) in the asset or assets so purchased (or in the Equity Interests or debt instruments of the acquisition vehicle or vehicles that are used to consummate such purchase); provided, that none of the Credit Parties shall be allowed to credit bid any of the Obligations independently and all such credit bids shall have to be submitted through, and administered by, the Agent, as set forth herein; provided, further, that any such credit bid shall provide for payment in full in cash of all obligations secured by a senior lien.  In connection with any such bid and at the direction of the Required Lenders (i) the Agent shall be authorized to form one or more acquisition vehicles to make a bid, and (ii) to adopt documents providing 

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for the governance of the acquisition vehicle or vehicles (provided that any actions by the Agent with respect to such acquisition vehicle or vehicles, including any disposition of the assets or Equity Interests thereof, shall be governed, directly or indirectly, by the vote of the Required Lenders, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the Required Lenders contained in Section 9.01 of this Agreement). To the extent that Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another bid being higher or better, because the amount of Obligations assigned to the acquisition vehicle exceeds the amount of debt credit bid by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Lenders pro rata and the Equity Interests and/or debt instruments issued by any acquisition vehicle on account of the Obligations that had been assigned to the acquisition vehicle shall automatically be cancelled, without the need for any Credit Party or any acquisition vehicle to take any further action.
Section 8.14    Collateral Matters. 
(a)    Each Lender authorizes and directs the Agent and the Collateral Agent to enter into, at the direction of the Required Lenders, the Security Documents and the DIP Intercreditor Agreement for the benefit of the Credit Parties. Each Lender hereby agrees that, except as otherwise set forth herein, any action taken by the Agent, Collateral Agent or the Required Lenders in accordance with the provisions of this Agreement, the Security Documents, the DIP Intercreditor Agreement or any agreement required in connection with the exercise by the Agent, the Collateral Agent or the Required Lenders of the powers set forth herein or therein, together with such other powers as are reasonably incidental thereto, shall be authorized and binding upon all of the Lenders. The Collateral Agent is hereby authorized on behalf of all of the Lenders, without the necessity of any notice to or further consent from any Lender, from time to time, to take any action with respect to any applicable Collateral or Security Documents which may be necessary to perfect and maintain perfected the security interest in and liens upon the Collateral granted pursuant to the Security Documents, though the Collateral Agent shall have no obligation to take such actions. Each Lender agrees that it will not have any right individually to enforce or seek to enforce any Security Document or to realize upon any Collateral for the Term Loans unless instructed to do so by the Collateral Agent, it being understood and agreed that such rights and remedies may be exercised only by the Collateral Agent acting at the direction of the Required Lenders. The Collateral Agent, at the direction of the Required Lenders, may grant extensions of time for the creation and perfection of security interests in the Collateral or the obtaining of title insurance, legal opinions or other deliverables with respect to particular assets or the provision of any guarantee by any Subsidiary (including extensions beyond the Effective Date or in connection with assets acquired, or Subsidiaries formed or acquired, after the Effective Date) where it determines that such action cannot be accomplished without undue effort or expense by the time or times at which it would otherwise be required to be accomplished by this Agreement or the Security Documents.
(b)    The Lenders hereby authorize the Agent and the Collateral Agent to release any Lien granted to or held by the Agent or the Collateral Agent, as applicable, on any Collateral (i) if approved, authorized or ratified in writing by the Required Lenders (or such greater amount, to the extent required by Section 9.01) or (ii) as otherwise may be expressly provided in the relevant Loan Documents. Upon request by the Agent or the Collateral Agent, at any time, the Lenders will confirm in writing the Agent’s or the Collateral Agent’s authority to release particular types or items of Collateral pursuant to this Section 8.14. The Borrowers shall deliver to the Agent, the Collateral Agent and the Lenders a certificate of an Authorized Officer certifying that the execution and delivery of any such release documents are authorized and permitted under the Loan Documents, and the Agent and the Collateral Agent may conclusively rely on such certification without further inquiry.

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(c)    Neither the Agent nor the Collateral Agent shall have any obligation whatsoever to the Lenders to assure that the Collateral exists or is owned by any Borrower or any other Loan Party or is cared for, protected or insured or that the Liens granted to the Agent or the Collateral Agent, as applicable, herein or pursuant hereto have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority, or to exercise or to continue exercising at all or in any manner or under any duty of care, disclosure or fidelity any of the rights, authorities and powers granted or available to the Agent and the Collateral Agent in this Section 8.14 or in any of the Loan Documents.
(d)    Notwithstanding any provision herein to the contrary, any Security Document may be amended (or amended and restated), restated, waived, supplemented or modified as contemplated by and in accordance with Section 9.01 with the written consent of the Agent or the Collateral Agent, as applicable, party thereto, at the direction of the Required Lenders, and the Loan Party party thereto.

     ARTICLE IX     
 
MISCELLANEOUS

Section 9.01    Amendments, Etc.  No amendment or waiver of any provision of this Agreement or any other Loan Document (other than the Agent Fee Letter, which may be amended by the parties thereto), nor consent to any departure by any Borrower or any Loan Party therefrom, shall in any event be effective unless the same shall be in writing and signed by the Required Lenders or by the Agent at the direction of the Required Lenders, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, that no amendment, waiver or consent shall: 
(a)    unless in writing and also signed by each Lender directly affected thereby, do any of the following:  (i) increase the amount or extend the expiration date of any Lender’s Term Commitment, (ii) reduce the principal of, or interest on, the Term Loan or any fees or other amounts payable hereunder; provided, that only the consent of the Required Lenders shall be necessary to waive any obligation of the Borrowers to pay interest, fees or other amounts at the default rate; or (iii) postpone any date fixed for any payment of principal of, or interest on, the Term Loan or any fees or other amounts payable hereunder (it being understood that the waiver of (or amendment to the terms of) any mandatory prepayment shall not constitute a postponement of any date scheduled for the payment of principal or interest); 
(b)    unless in writing and signed by all of the Lenders, do any of the following: (i) change the percentage of the Term Commitments or of the aggregate unpaid principal amount of the Term Loan or the number of Lenders, that shall be required for the Lenders or any of them to take any action hereunder, (ii) other than in accordance with Section 9.13, release all or substantially all of the Collateral or release all or substantially all of the guarantors from their obligations under the Guarantee and Collateral Agreement, (iii) except as expressly permitted herein or in any other Loan Document, subordinate the Liens granted hereunder or under the other Loan Documents, to any other Lien, (iv) amend this Section 9.01, (v) amend the definitions of “Required Lenders” or (vi) release either Borrower from all of its obligations hereunder or amend Section 9.07(j); 
(c)    unless in writing and signed by the Agent and the Collateral Agent (in addition to the Lenders required above to take such action), as applicable, amend, modify or waive any provision of Article VIII or affect the rights or duties of the Agent and the Collateral Agent, as applicable, under this Agreement or any other Loan Document;

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(d)    unless in writing and signed by the Agent and the Borrowers (but without requiring the consent of any Lender), amend, waive or modify the provisions of Section 2.03(d).

Section 9.02    Notices, Etc.
(a)    All notices and other communications provided for hereunder shall be in writing (including telecopier communication) and mailed, telecopied or delivered, (i) if to Holdings, any Borrower or any Subsidiary Guarantor, at its address at 3333 Beverly Road, Hoffman Estates, Illinois 60179, Attention:  General Counsel, with a copy to Weil Gotshal & Manges LLP, 767 Fifth Avenue, New York, New York 10153, Attention: Douglas Urquhart, Esq.; (ii) if to any Lender, at its address set forth in its completed administrative questionnaire delivered to the Agent; (iii) if to Cantor Fitzgerald Securities in its capacity as Agent or Collateral Agent, at its address at at 1801 N. Military Trail, Suite 202, Boca Raton, FL 33431, Attention: N. Horning (Sears), Telecopier: (646) 219-1180, e-mail: NHorning@cantor.com, and at 900 West Trade Street, Suite 725, Charlotte, NC 28202, Attention: Bobbie Young (Sears), Telephone: (704) 374-0574, Telecopier: (646) 390-1764, e-mail: BYoung@cantor.com, with a copy (which shall not constitute notice) to Norton Rose Fulbright US LLP, 1301 Avenue of the Americas, New York, NY 10019, Attention: H. Stephen Castro, Telecopier: (212) 318-3400, Telephone: (212) 318-3147, e-mail: stephen.castro@nortonrosefulbright.com or (iv), if to any other Lender, at such address as shall be designated by such party in a written notice to the other parties and, as to each other party, at such other address as shall be designated by such party in a written notice to the Borrowers and the Agent; provided, that notices required to be delivered pursuant to Section 6.01(j)(i), (iii), (iv), and (vi) shall be delivered to the Agent and the Lenders as specified in Section 9.02(b).  All such notices and communications shall, when mailed, telecopied, telegraphed or emailed, be effective when deposited in the mails, telecopied, delivered to the telegraph company or confirmed by email, respectively, except that notices and communications to the Agent pursuant to Article II, III or VIII shall not be effective until received by the Agent.  Delivery by telecopier of an executed counterpart of any amendment or waiver of any provision of this Agreement or any Loan Document or of any exhibit hereto or thereto to be executed and delivered hereunder shall be effective as delivery of a manually executed counterpart thereof.
(b)    Holdings and the Borrowers agree that materials required to be delivered pursuant to Sections 6.01(j)(i), (iii), (iv) and (vi), shall be deemed delivered to the Agent on the date on which Holdings causes such reports, or reports containing such financial statements, to be posted on the Internet at www.sec.gov or at such other website identified by the Borrowers in a written notice to the Agent and the Lenders and that is accessible by the Lenders without charge or if not so posted, may be delivered to the Agent in an electronic medium in a format acceptable to the Agent by email to mshields@gacapitalpartners.com.  Holdings and the Borrowers agree that the Agent may make such materials, as well as any other written information, documents, instruments and other material relating to Holdings, the Borrowers, any of their Subsidiaries or any other materials or matters relating to this Agreement, the Loan Documents or any of the transactions contemplated hereby (collectively, the “Communications”) available to the Lenders by posting such notices on Intralinks or a substantially similar electronic system (the “Platform”).  Holdings and the Borrowers acknowledge that (i) the distribution of material through an electronic medium is not necessarily secure and that there are confidentiality and other risks associated with such distribution, (ii) the Platform is provided “as is” and “as available” and (iii) neither the Agent nor any of its Affiliates warrants the accuracy, adequacy or completeness of the Communications or the Platform and each expressly disclaims liability for errors or omissions in the Communications or the Platform.  No warranty of any kind, express, implied or statutory, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third party rights or freedom from viruses or other code defects, is made by the Agent or any of its Affiliates in connection with the Platform. No Agent Indemnitee shall have 

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any liability to Borrowers, Credit Parties or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) relating to use by any Person of the Platform, including any unintended recipient, nor for delivery of Communications and other information via the Platform, internet, e-mail, or any other electronic platform or messaging system.  
(c)    Each Lender agrees that notice to it (as provided in the next sentence) (a “Notice”) specifying that any Communications have been posted to the Platform shall constitute effective delivery of such information, documents or other materials to such Lender for purposes of this Agreement; provided, that if requested by any Lender the Agent shall deliver a copy of the Communications to such Lender by email or telecopier.  Each Lender agrees (i) to notify the Agent in writing of such Lender’s e-mail address to which a Notice may be sent by electronic transmission (including by electronic communication) on or before the date such Lender becomes a party to this Agreement (and from time to time thereafter to ensure that the Agent has on record an effective e-mail address for such Lender) and (ii) that any Notice may be sent to such e-mail address.
(d)    The Loan Parties hereby acknowledge that certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to the Loan Parties or their Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities.  The Loan Parties hereby agree that they will use commercially reasonable efforts to identify that portion of the Communications provided by or on behalf of any Loan Party hereunder (collectively, “Borrower Materials”) that may be distributed to the Public Lenders and that (w) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Loan Parties shall be deemed to have authorized the Credit Parties to treat such Borrower Materials as not containing any material non-public information (although it may be sensitive and proprietary) with respect to any Loan Party or its securities for purposes of United States Federal and state securities laws; (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information”; and (z) the Agents shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information.”  The Loan Parties and the Credit Parties acknowledge that, notwithstanding the foregoing, “public” information may not be segregated from material non-public information on the Platform.  The Credit Parties acknowledge that Communications may include Loan Parties’ material non-public information, and should not be made available to personnel who do not wish to receive such information or may be engaged in investment or other market-related activities with respect to a Loan Party’s securities.  Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable law, including United States Federal and state securities laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that may contain material non-public information with respect to any Loan Party or its securities for purposes of United States Federal or state securities laws.

Section 9.03    No Waiver; Remedies.  No failure on the part of any Lender or the Agent to exercise, and no delay in exercising, any right hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right.  The remedies herein provided are cumulative and not exclusive of any remedies provided by law.

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Section 9.04    Costs and Expenses. (a)  The Loan Parties shall reimburse the Agent, the Collateral Agent and the Lead Lender for all Extraordinary Expenses. The Loan Parties jointly and severally agree to pay promptly all reasonable costs and expenses of the Agent and the Collateral Agent, including the reasonable fees and expenses of Norton Rose Fulbright US LLP, the Lead Lender, the Lender Professionals, including the reasonable fees and expenses of Milbank, Tweed, Hadley & McCloy LLP as counsel to the Lenders (i) in connection with the preparation, execution, delivery, distribution (including via the internet or through a service such as Intralinks), administration, modification and amendment of this Agreement, the other Loan Documents and the other documents to be delivered hereunder (including the preparation, negotiation and execution of any amendments, consents, waivers, assignments, restatements or supplements hereto or thereto); (ii) all due diligence, syndication (including printing, distribution and bank meetings), transportation, computer, duplication, appraisal, consultant, and audit expenses; (iii) the syndication and funding of the Extensions of Credit; (iv) the creation, perfection or protection of the liens under the Loan Documents (including all search, filing and recording fees), (v) subject to Section 6.01(k), all expenses incurred in connection with inspections, verifications, examinations and appraisals relating to the Collateral and (vi) the fees and expenses set forth in the Agent Fee Letter.  The Loan Parties further jointly and severally agree to pay on demand all costs and expenses of the Agent, the Collateral Agent and the Lenders, if any (including reasonable counsel fees and expenses of counsel to the Agent, counsel to the Collateral Agent and counsel to the Lenders (in the case of the Lenders, limited to one counsel for the Lenders in connection with the enforcement of or protection of its rights hereunder)), in connection with (i) the enforcement of the Loan Documents, the Financing Orders and the Cash Management Order; (ii) any refinancing or restructuring of the DIP Junior Facility in the nature of a “work-out”; and (iii) any legal proceeding relating to or arising out of the DIP Junior Facility or the other transactions contemplated by the Loan Documents, the Financing Orders or the Cash Management Order.  The Loan Parties acknowledge that counsel to the Agent or the Collateral Agent may provide the Agent or such Collateral Agent, as applicable, a benefit (such as a discount, credit or accommodation for other matters) based on counsel’s overall relationship with the Agent or such Collateral Agent, as applicable, including fees paid hereunder.
(b)    Loan Parties jointly and severally agree to indemnify and hold harmless the Agent, the Collateral Agent, each Lender, the Lender Advisors and each of their Related Parties (each, an “Indemnified Party”) from and against any and all claims, damages, losses, liabilities and expenses (including reasonable fees and expenses of counsel) incurred by or asserted or awarded against any Indemnified Party, in each case, arising out of or in connection with or by reason of (including in connection with any investigation, litigation or proceeding or preparation of a defense in connection therewith) (i) this Agreement, the other Loan Documents, any of the transactions contemplated herein or therein or the actual or proposed use of the proceeds of the Term Loans, and (ii) the actual or alleged presence of Hazardous Materials on, under, at or from any property of Holdings, the Borrowers or any of their Subsidiaries or any Environmental Liability or Environmental Action relating in any way to Holdings, the Borrowers or any of their Subsidiaries, except to the extent such claim, damage, loss, liability or expense is found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from such Indemnified Party’s gross negligence or willful misconduct.  In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 9.04(b) applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by Holdings, any Borrower, its directors, equityholders or creditors or an Indemnified Party or any other Person, whether or not any Indemnified Party is otherwise a party thereto and whether or not the transactions contemplated hereby are consummated.  Holdings and the Borrowers also agree not to, and not to permit any of the their Subsidiaries to, assert any claim for special, indirect, consequential or punitive damages against the Agent, the Collateral Agent, any Lender, any of their Affiliates, or any of their respective Related Parties, on any theory of liability, arising out of or otherwise relating to this Agreement, 

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the other Loan Documents, any of the transactions contemplated herein or the actual or proposed use of the proceeds of the Term Loan.
(c)    If (i) any payment of principal of, or Conversion of, any Eurodollar Rate Advance is made by any Borrower to or for the account of a Lender other than on the last day of the Interest Period for such Term Loan, as a result of a payment or Conversion pursuant to Section 2.07, 2.08 or 2.10, acceleration of the maturity of the Term Loans pursuant to Section 7.02 or for any other reason, or by an Eligible Assignee to a Lender other than on the last day of the Interest Period for such Term Loan upon an assignment of rights and obligations under this Agreement pursuant to Section 9.07 as a result of a demand by any Borrower pursuant to Section 9.07(a), or (ii) any Borrower fails to prepay, borrow, continue or convert any Eurodollar Rate Advance on the date or in the amount notified by any Borrower; the applicable Borrower shall, promptly after notice by such Lender setting forth in reasonable detail the calculations used to quantify such amount (with a copy of such notice to the Agent), pay to the Agent for the account of such Lender any amounts required to compensate such Lender for any additional losses, costs or expenses that it may reasonably incur as a result of such payment or Conversion, including any loss (including loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Lender to fund or maintain such Term Loan. For purposes of calculating amounts payable by the Borrowers to the Lenders under this Section 9.04(c), each Lender shall be deemed to have funded each Eurodollar Rate Advance made by it at the Eurodollar Rate for such Term Loan by a matching deposit or other borrowing in the London interbank market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Advance was in fact so funded. 
(d)    Without prejudice to the survival of any other agreement of Holdings or any Borrower hereunder, the agreements and obligations of Holdings and the Borrowers contained in Sections 2.09, 2.12 and 9.04 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under the other Loan Documents.

Section 9.05    Right of Set-off.  Subject to the Financing Orders, the DIP Intercreditor Agreement and Section 7.02, upon (i) the occurrence and during the continuance of any Event of Default and (ii) the making of the request or the granting of the consent specified by Section 7.02 to authorize the Agent to declare the Extensions of Credit due and payable pursuant to the provisions of Section 7.02, each Lender and each of its Affiliates is hereby authorized at any time and from time to time (notwithstanding the provisions of the Bankruptcy Code and without notice, application or motion, hearing before, or order of the Bankruptcy Court), to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender or such Affiliate to or for the credit or the account of Holdings or any Loan Party against any and all of the obligations of Holdings and the Loan Parties now or hereafter existing under this Agreement, the other Loan Documents and the Extensions of Credit of such Lender, whether or not such Lender shall have made any demand under this Agreement or the other Loan Documents.  Each Lender agrees promptly to notify Holdings or the applicable Loan Party (with a copy to the Agent) after any such set-off and application, provided, that the failure to give such notice shall not affect the validity of such set-off and application.  The rights of each Lender and its Affiliate under this Section are in addition to other rights and remedies (including other rights of set-off) that such Lender and its Affiliate may have.

Section 9.06    Binding Effect; Effectiveness.  When this Agreement has been executed by Holdings, the Borrowers, the Agent and the Collateral Agent, and the Lenders, this Agreement shall thereafter be binding upon and inure to the benefit of Holdings, the Borrowers, the Agent, the Collateral Agent, each Lender and their respective successors and assigns. 

97

Section 9.07    Assignments and Participations.  (a)  Each Lender may, upon notice to the Borrowers and the Agent and with the consent, not to be unreasonably withheld or delayed, of the Agent, assign to one or more Persons all or a portion of its rights and obligations under this Agreement (including all or a portion of its Term Commitment, the Term Loan and other amounts owing to it and any Note or Notes held by it); provided, that (i)  the Borrowers’ consent shall be required for any assignment to a customer or operating competitor of any Loan Party (so long as, in the case of any such competitor, the Borrowers have notified the Agent in writing that such proposed assignee is an operating competitor of a Loan Party), and such Lender shall give the Borrowers advance written notice of such proposed assignment no less than three (3) days prior to the closing of such assignment, (ii) except in the case of an assignment to a Person that, immediately prior to such assignment, was a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of all of a Lender’s rights and obligations under this Agreement, the amount of the Term Loan and Term Commitments of the assigning Term Lender being assigned pursuant to each such assignment (determined as of the date of the Assignment and Acceptance with respect to such assignment) shall in no event be less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof (or, if less, the entire outstanding amount of the Term Loan held by such Term Lender) unless the Agent otherwise agrees, (iv) each such assignment shall be to an Eligible Assignee, (v) the parties to each such assignment shall execute and deliver to the Agent, for its acceptance and recording in the Register, an Assignment and Acceptance, and the parties to such assignment (other than the Agent) shall deliver together therewith any Note subject to such assignment and a processing and recordation fee of $3,500 (except no such fee shall be payable for assignments to a Lender, an Affiliate of a Lender or an Approved Fund), and (vii) any Lender may, without the approval of the Borrowers, but with notice to the Borrowers, assign all or a portion of its rights and obligations to any of its Affiliates (other than a natural person) or to another Lender.  Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each Assignment and Acceptance, (x) the assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, have the rights and obligations of a Lender hereunder and (y) the Lender assignor thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (other than its rights under Section 2.09, 2.12 and 9.04 to the extent any claim thereunder relates to an event arising prior such assignment) and be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto).
(b)    In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or sub-participations, or other compensating actions, including funding, with the consent of the Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Agent, or any Lender hereunder (and interest accrued thereon).  Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs.
(c)    By executing and delivering an Assignment and Acceptance, the Lender assignor thereunder and the assignee thereunder confirm to and agree with each other and the other parties 

98

hereto as follows:  (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or the other Loan Documents or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or the other Loan Documents or any other instrument or document furnished pursuant hereto or thereto; (ii) such assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Loan Parties or the performance or observance by the Borrowers of any of their obligations under this Agreement or any other instrument or document furnished pursuant hereto; (iii) such assignee confirms that it has received a copy of this Agreement, together with copies of the financial statements referred to in Section 5.01(e) and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance; (iv) such assignee will, independently and without reliance upon the Agent, such assigning Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Loan Documents; (v) such assignee confirms that it is an Eligible Assignee; (vi) such assignee appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Agent by the terms hereof and thereof, together with such powers and discretion as are reasonably incidental thereto; and (vii) such assignee agrees that it will perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as a Lender.
(d)    Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an assignee representing that it is an Eligible Assignee, together with any Note or Notes subject to such assignment, the Agent shall, if such Assignment and Acceptance has been completed and is in substantially the form of Exhibit B hereto, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register and (iii) give prompt notice thereof to the Borrowers.
(e)    The Agent shall maintain at its address referred to in Section 9.02 a copy of each Assignment and Acceptance delivered to and accepted by it and a register for the recordation of the names and addresses of the Lenders and the Term Commitment of, and principal amount (and stated interest) of the Term Loan owing to, each Term Lender from time to time, (the “Register”).  The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and the Borrowers, the Agent and the Lenders shall treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement.  The Register shall be available for inspection by the Borrowers or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(f)    Each Lender may, without the consent of the Agent or any Loan Party, sell participations to one or more banks or other entities (other than the Borrowers or any of their Affiliates) in or to all or a portion of its rights and obligations under this Agreement (including all or a portion of its Term Commitment and the Term Loans owing to it, the portion of the Term Loan owing to it, and any Note or Notes held by it); provided, that (i) such Lender’s obligations under this Agreement (including its Term Commitment) shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, (iii) such Lender shall remain the holder of any such Note for all purposes of this Agreement, (iv) the Borrowers, the Agent, the Collateral Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and (v) no participant under any such participation shall have any right to approve any amendment or waiver of any provision of this Agreement or any Loan Document, or consent to any departure by any Borrower therefrom, except to the extent that such amendment, waiver or consent would require the affirmative vote of the Lender from which it purchased its participation pursuant to Section 

99

9.01(a). The Borrowers agree that each Participant shall be entitled to the benefits of Section 2.09 and Section 2.12 (subject to the requirements and limitations therein, including the requirements under Section 2.12(e) and (f) (it being understood that the documentation required under Section 2.12(e) and (f) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to this Section 9.07. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Extensions of Credit or other obligations under the Loan Documents (the “Participant Register”); provided, that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information related to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations.  The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. 
(g)    Any Lender may, in connection with any assignment or participation or proposed assignment or participation pursuant to this Section 9.07, disclose to the assignee or participant or proposed assignee or participant, any information relating to Holdings, the Borrowers or their Subsidiaries furnished to such Lender by or on behalf of the Borrowers; provided, that prior to any such disclosure, the assignee or participant or proposed assignee or participant shall agree to preserve the confidentiality of any Borrower Information relating to Holdings, the Borrowers or their Subsidiaries received by it from such Lender in accordance with Section 9.08.
(h)    Notwithstanding any other provision set forth in this Agreement, any Lender may at any time (i) create a security interest in all or any portion of its rights under this Agreement (including the portion of the Term Loan owing to it and any Notes held by it), including, without limitation, in favor of any Federal Reserve Bank in accordance with Regulation A of the Board of Governors and (ii) assign to one or more special purpose funding vehicles (each, an “SPV”) all or any portion of its funded Term Loans, without the consent of any Person or the payment of a fee, by execution of a written assignment agreement in a form agreed to by such Lender and such SPV, and may grant any such SPV the option, in such SPV’s sole discretion, to provide the Borrowers all or any part of any Term Loans that such Lender would otherwise be obligated to make pursuant to this Agreement. The Lender shall remain liable for all its original obligations under this Agreement.  Notwithstanding such assignment, the Agent and Borrowers may deliver notices to the Lender (as agent for the SPV) and not separately to the SPV unless the Agent and Borrowers are requested in writing by the SPV (or its agent) to deliver such notices separately to it.   
(i)    The Borrowers, upon receipt of written notice from the relevant Lender, agree to issue Notes to any Lender to facilitate transactions of the type described in paragraph (h) above.
(j)    Neither Holdings nor any Borrower shall have the right to assign its rights hereunder or any interest herein without the prior written consent of each of the Lenders.

Section 9.08    Confidentiality.  Neither the Agent, the Collateral Agent, nor any Lender may disclose to any Person any confidential, proprietary or non-public information of Holdings or the Borrowers furnished to the Agent or the Lenders by Holdings or the Borrowers (such information being referred to collectively herein as the “Borrower Information”), except that each of the Agent, each of the Collateral Agent, each of the Lenders may disclose Borrower Information (i) to its and its Related Parties to whom disclosure is required to enable the Agent, the Collateral Agent or such Lender to perform its 

100

obligations under this Agreement and the other Loan Documents or in connection with the administration or monitoring of this Agreement and the other Loan Documents by the Agent, the Collateral Agent or such Lender (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Borrower Information and instructed to keep such Borrower Information confidential on substantially the same terms as provided herein), (ii) to the extent requested by any regulatory authority, (iii) to the extent required by applicable laws or regulations or by any subpoena or similar legal process (including in connection with the Chapter 11 Cases), (iv) to any other party to this Agreement and the other Loan Documents, (v) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement and the other Loan Documents or the enforcement of rights hereunder or thereunder, (vi) subject to an agreement containing provisions substantially the same as those of this Section 9.08, to any assignee or participant, or any prospective assignee or participant, (vii) to the extent such Borrower Information (A) is or becomes generally available to the public on a non-confidential basis other than as a result of a breach of this Section 9.08 by the Agent, the Collateral Agent or such Lender, as the case may be, or (B) is or becomes available to the Agent, the Collateral Agent or such Lender on a non-confidential basis from a source other than Holdings, the Borrowers or any of their Subsidiaries and (viii) with the consent of the Borrowers. 

Section 9.09    Governing Law.  This Agreement and the Notes shall be governed by, and construed in accordance with, the laws of the State of New York without regard to conflicts of laws principles thereof but including section 5-1401 and 5-1402 of the New York General Obligations Law and, to the extent applicable, the Bankruptcy Code.

Section 9.10    Execution in Counterparts.  This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.  Delivery of an executed counterpart of a signature page to this Agreement by telecopier shall be effective as delivery of a manually executed counterpart of this Agreement.

Section 9.11    Jurisdiction, Etc.  Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Bankruptcy Court or, if the Bankruptcy Court does not have or abstains from jurisdiction, to the exclusive jurisdiction of any New York State court or federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or the other Loan Documents, 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 shall be heard and determined in any such New York State court or, to the extent permitted by law, in such federal court.  Holdings and each of the Borrowers hereby irrevocably consents to the service of process in any action or proceeding in such courts by the mailing thereof by any parties hereto by registered or certified mail, postage prepaid, to Holdings or such Borrower at its address specified pursuant to Section 9.02.  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 may otherwise have to bring any action or proceeding relating to this Agreement or the other Loan Documents in the courts of any jurisdiction. Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that 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 or the other Loan Documents in any New York State or federal court.  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.

Section 9.12    WAIVER OF JURY TRIAL.  EACH OF HOLDINGS, THE BORROWERS, THE AGENT, THE COLLATERAL AGENT AND THE LENDERS HEREBY 

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IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS OR THE ACTIONS OF THE AGENT, THE COLLATERAL AGENT OR ANY LENDER IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT THEREOF.

Section 9.13    Release of Collateral or Guarantee Obligation.  (a)  Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Collateral Agent is hereby irrevocably authorized by each Lender (without requirement of consent of or notice to any Lender) to take, and hereby agree to take, any action requested by the Borrowers having the effect of releasing any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any Permitted Disposition; provided, that the guarantee obligations of Sears may not be released without the consent of the Required Lenders, or (ii) under the circumstances described in paragraph (b) below.
(b)    At such time as the Term Loan and all other Obligations shall have been paid in full in cash and the Term Commitments have been terminated, the Collateral shall be released from the Liens created by the Security Documents, and the Security Documents and all obligations (other than those expressly stated to survive such termination) of the Collateral Agent and each Loan Party under the Security Documents shall terminate, all without delivery of any instrument or performance of any act by any Person.

Section 9.14    PATRIOT Act Notice.  Each Lender that is subject to the PATRIOT Act and the Agent (for itself and not on behalf of any Lender) hereby notifies each Borrower that pursuant to the requirements of the PATRIOT Act, it is required to obtain, verify and record information that identifies each Borrower, which information includes the name and address of such Borrower and other information that will allow such Lender or the Agent, as applicable, to identify such Borrower in accordance with the PATRIOT Act.  Each Borrower hereby agrees to provide such information promptly upon the request of any Lender or the Agent.

Section 9.15    Integration.  This Agreement and the other Loan Documents represent the agreement of Holdings, the Borrowers, the Agent, the Collateral Agent and the Lenders with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Agent, the Collateral Agent or any Lender relative to subject matter hereof and thereof not expressly set forth or referred to herein or in the other Loan Documents.

Section 9.16    Replacement of Lenders.  If any Lender requests compensation under Section 2.09 or if the Borrowers are required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.12, if any Lender does not consent (a “Non-Consenting Lender”) to a proposed amendment, waiver, consent or release with respect to any Loan Document that requires the consent of each Lender and that has been approved by the Required Lenders or any Lender is a Defaulting Lender, then the Borrowers may, at their sole expense and effort, upon notice to such Lender and the Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 9.07), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided, that:
(a)    the Borrowers shall have paid to the Agent the assignment fee specified in Section 9.07;
(b)    such Lender shall have received payment of an amount equal to the outstanding principal of its Term Loans, its ratable share of the Term Loan, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts);

102

(c)    in the case of any such assignment resulting from a claim for compensation under Section 2.09 or payments required to be made pursuant to Section 2.12, such assignment will result in a reduction in such compensation or payments thereafter; 
(d)    with respect to the replacement of any Non-Consenting Lender, such amendment, waiver or consent can be effected as a result of such  assignment (together with all other assignments required by the Agent to be made pursuant to this paragraph); and
(e)    such assignment does not conflict with applicable laws.
A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrowers to require such assignment and delegation cease to apply.

Section 9.17    No Advisory or Fiduciary Capacity.  In connection with all aspects of each transaction contemplated hereby, the Loan Parties each acknowledge and agree that: (i) the credit facility provided for hereunder and any related arranging or other services in connection therewith (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document) are an arm’s-length commercial transaction between the Loan Parties, on the one hand, and the Credit Parties, on the other hand, and each of the Loan Parties is capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents (including any amendment, waiver or other modification hereof or thereof); (ii) in connection with the process leading to such transaction, each Credit Party is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary, for the Loan Parties or any of their respective Affiliates, stockholders, creditors or employees or any other Person; (iii) none of the Credit Parties has assumed or will assume an advisory, agency or fiduciary responsibility in favor of the Loan Parties with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect to any amendment, waiver or other modification hereof or of any other Loan Document (irrespective of whether any of the Credit Parties has advised or is currently advising any Loan Party or any of its Affiliates on other matters) and none of the Credit Parties has any obligation to any Loan Party or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; (iv) the Credit Parties and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Loan Parties and their respective Affiliates, and none of the Credit Parties has any obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v) the Credit Parties have not provided and will not provide any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including any amendment, waiver or other modification hereof or of any other Loan Document) and each of the Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate.  Each of the Loan Parties hereby waives and releases, to the fullest extent permitted by law, any claims that it may have against each of the Credit Parties with respect to any breach or alleged breach of agency or fiduciary duty.

Section 9.18    Acknowledgement and Consent to Bail-In of EEA Financial Institutions.  Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among the parties, each party hereto (including each Credit Party) acknowledges that any liability arising under a Loan Document of any Credit Party that is an EEA Financial Institution, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority, and agrees and consents to, and acknowledges and agrees to be bound by, (a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising under any Loan Documents which may be payable to it by any Credit Party that is an EEA Financial Institution; and (b) the effects of any Bail-in Action on any such liability, including (i) a reduction in full or in part or cancellation of any such liability; (ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent 

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undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under any Loan Document; or (iii) the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority.

Section 9.19    DIP Intercreditor Agreement; Financing Orders.  This Agreement is subject to the terms and provisions of the DIP Intercreditor Agreement and the applicable Financing Order.  In the event of a conflict between the terms hereof and the terms of the DIP Intercreditor Agreement or the applicable Financing Order, the terms of the DIP Intercreditor Agreement or the applicable Financing Order, as applicable, shall govern and control.
[Signature Pages Follow.]

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written.
SEARS HOLDINGS CORPORATION, as Holdings 
By:  /s/ Robert A. Riecker 
Name:  Robert A. Riecker 
Title:  Chief Financial Officer
SEARS ROEBUCK ACCEPTANCE CORP., as a Borrower 
 By:  /s/ Robert A. Riecker 
Name:  Robert A. Riecker 
Title:  Chief Financial Officer
KMART CORPORATION, as a Borrower 
By:  /s/ Robert A. Riecker 
Name:  Robert A. Riecker 
Title:  Chief Financial Officer

CANTOR FITZGERALD SECURITIES, as Agent and Collateral Agent
By:  /s/ James Buccola 
Name:  James Buccola 
Title:  Head of Fixed Income

CANTOR FITZGERALD SECURITIES, as Lender
By:  /s/ James Buccola 
Name:  James Buccola 
Title:  Head of Fixed Income
CYRUS OPPORTUNITIES MASTER FUND II, LTD
By:  /s/ Stephen C. Freidheim 
Name:  Stephen C. Freidheim 
Title:  Authorized Signatory 

CYR FUND, L.P.
By:  /s/ Stephen C. Freidheim 
Name:  Stephen C. Freidheim 
Title:  Authorized Signatory
CRESENT 1, L.P.
By:  /s/ Stephen C. Freidheim 
Name:  Stephen C. Freidheim 
Title:  Authorized Signatory

CYRUS SELECT OPPORTUNITIES MASTER FUND, LTD
By:  /s/ Stephen C. Freidheim 
Name:  Stephen C. Freidheim 
Title:  Authorized Signatory
CANARY SC FUND, L.P.
By:  /s/ Stephen C. Freidheim 
Name:  Stephen C. Freidheim 
Title:  Authorized Signatory
CYRUS 1740 FUND, L.P.
By:  /s/ Stephen C. Freidheim 
Name:  Stephen C. Freidheim 
Title:  Authorized Signatory
CYRUS SPECIAL STRATEGIES MASTER FUND, L.P.
By:  /s/ Stephen C. Freidheim 
Name:  Stephen C. Freidheim 
Title:  Authorized Signatory
[Other Lenders]
By: ______________________ 
Name:
Title:

SCHEDULE 1.01 
TERM COMMITMENTS

	
								
	Portfolio Name
	Total Position
	Initial Funding
	To be Funded

	

Cyrus Opportunities Master Fund II, Ltd.
	$122,824,000.00
	

	$26,319,428.57
	

	

	$96,504,571.43
	

	

CYR Fund, L.P.
	$44,005,000.00
	

	$9,429,642.86
	

	

	$34,575,357.14
	

	

Crescent 1, L.P.
	$43,872,000.00
	

	$9,401,142.86
	

	

	$34,470,857.14
	

	

Cyrus Select Opportunities Master Fund, Ltd.
	$13,544,000.00
	

	$2,902,285.71
	

	

	$10,641,714.29
	

	

Canary SC Fund, L.P.
	$39,290,000.00
	

	$8,419,285.71
	

	

	$30,870,714.29
	

	

Cyrus 1740 Fund, L.P.
	$3,789,000.00
	

	$811,928.57
	

	

	$2,977,071.43
	

	

Cyrus Special Strategies Master Fund, L.P.
	$22,676,000.00
	

	$4,859,142.86
	

	

	$17,816,857.14
	

	

Cantor Fitzgerald Securities
	$60,000,000.00
	

	$12,857,142.86
	

	

	$47,142,857.14
	

	 
	 
	 
	 

	 
	$350,000,000.00
	

	$75,000,000.00
	

	

	$275,000,000.00
	

SCHEDULE 1.03 
DESIGNATED REAL ESTATE	
								
	Count
	Store #
	City
	State
	Address
	ZIP
	Owned/Ground Lease/Leased
	Retail/Non-Retail

	1
	7749
	New York
	NY
	250 W 34th Street
	10119
	Lease
	Retail

	2
	7777
	New York
	NY
	770 Broadway
	10003
	Lease
	Retail

	3
	1268
	Buena Park
	CA
	8150 La Palma Ave
	90620
	Lease
	Retail

	4
	1248
	Hayward
	CA
	660 W Winton Ave
	94545
	Lease
	Retail

	5
	9423
	Bridgehampton
	NY
	2044 Montauk Hwy
	11932
	Lease
	Retail

	6
	1684
	Woodbridge
	NJ
	150 Woodbridge Ctr Ct
	7095
	GL
	Retail

	7
	1088
	Glendale
	CA
	236 N Central Ave
	91203
	GL
	Retail

	8
	1278
	Torrance
	CA
	22100 Hawthorn Blvd
	90503
	GL
	Retail

	9
	9420
	Bronx
	NY
	1998 Bruckner Blvd
	10473
	Lease
	Retail

	10
	4349
	Redwood City
	CA
	1155 Veteran's Blvd
	94063
	Lease
	Retail

	11
	1838
	Burbank
	CA
	111 E Magnolia Blvd
	91502
	GL
	Retail

	12
	1125
	Coral Gables
	FL
	3655 SW 22nd Street
	33145
	Lease
	Retail

	13
	3486
	Somerville
	MA
	77 Middlesex Ave
	2145
	Lease
	Retail

	14
	8975
	Rio Piedras
	PR
	Road #176 KM 0.5 Cupey Bajo
	936
	Owned
	Non-Retail

	15
	470
	Manteno
	IL
	8374 N 4000 East Road
	60950
	Owned
	Non-Retail

	16
	1475
	Durham
	NC
	6910 Fayetteville Rd Ste 400
	27713
	Owned
	Retail

	17
	1013
	Glen Brunie
	MD
	7900 Gov Ritchie Hwy
	21061
	GL
	Retail

	18
	3127
	Temple City
	CA
	5665 N Rosemead Blvd
	91780
	Lease
	Retail

	19
	1195
	Fort Lauderdale
	FL
	901 N Federal Hwy
	33304
	GL
	Retail

	20
	8722
	Anchorage (Sur)
	AK
	5900 Old Seward Highway
	99503
	Owned
	Non-Retail

	21
	3699
	Apple Valley
	CA
	20777 Bear Valley Road
	92308
	Owned
	Retail

	22
	1075
	Daytona Beach
	FL
	1700 W International Speedway Blvd
	32114
	Owned
	Retail

	23
	1788
	Richmond
	CA
	2300 Hilltop Mall Road
	94806
	Owned
	Retail

	24
	62538
	TUSTIN
	CA
	2505 El Camino Real
	92782
	Leased
	Non-Retail

	25
	3074
	Miami
	FL
	14091 SW 88th Street
	33186
	Leased
	Retail

SCHEDULE 1.04 
EXISTING DEBT
Domestic Debt, according to debt agreement
		
	•
	Superpriority Senior Secured Debtor-In-Possession Asset-Based Credit Agreement, dated as of the date hereof, by and among Sears Holdings Corporation (the “Company”), as holdings, Sears Roebuck Acceptance Corp. (“SRAC”) and Kmart Corporation (“Kmart”) as borrowers, Bank of America, N.A., as administrative agent, co-collateral agent and swingline lender, Wells Fargo Bank, National Association, as co-collateral agent, and the other lenders from time to time party thereto;

		
	•
	Third Amended and Restated Credit Agreement, dated as of July 21, 2015 (as amended, supplemented or otherwise modified on or prior to the Effective Date), between the Company, SRAC, and Kmart, the lenders party thereto, and Bank of America, N.A., as agent, related to $1.656 billion outstanding aggregate principal amount of revolving and term loans and letters of credit;

		
	•
	Letter of Credit and Reimbursement Agreement, dated as of December 28, 2016 (as amended, supplemented or otherwise modified on or prior to the Effective Date), among the Company, SRAC, and Kmart, the financial institutions party thereto from time to time as L/C Lenders, and Citibank N.A., as Administrative Agent and Issuing Bank, related to $271.1 million outstanding aggregate principal amount of letters of credit;

		
	•
	Second Lien Credit Agreement, dated as of September 1, 2016 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), between the Company, SRAC and Kmart, the lenders party thereto, and JPP, LLC as administrative agent and collateral administrator, related to $887.1 million outstanding aggregate principal amount of term loans, line of credit loans and alternative tranche line of credit loans;

		
	•
	Credit Agreement, dated as of March 14, 2018 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), among SRC O.P. LLC, SRC Facilities LLC and SR Real Estate (TX) LLC, as the borrowers, the lenders party thereto, UBS AG, Stamford Branch, LLC as administrative agent, and UBS Securities LLC, as lead arranger and bookrunner, related to $111.0 million outstanding aggregate principal amount of term loans;

		
	•
	Mezzanine Loan Agreement, dated as of March 14, 2018 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), among SRC Sparrow 2 LLC, as borrower, JPP, LLC and JPP II, LLC as lenders, and JPP, LLC, as administrative agent, related to $513.2 million outstanding aggregate principal amount of term loans;

		
	•
	Indenture, dated as of October 12, 2010 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), among the Company, the guarantors party thereto and Wilmington Trust, National Association (successor to Wells Fargo Bank, National Association) 

as Trustee and Collateral Agent, governing the 6 5/8% Senior Secured Notes which mature on October 15, 2018, of which $89.0 million aggregate principal amount are outstanding;
		
	•
	Indenture, dated as of March 20, 2018 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), by and among the Company, the guarantors party thereto and Computershare Trust Company, N.A., governing the 6 5/8% Senior Secured Convertible PIK Toggle Notes which mature on October 15, 2019, of which $175.4 million aggregate principal amount are outstanding;

		
	•
	Indenture, dated as of November 21, 2014 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), by and between the Company and Computershare Trust Company, N.A., as Trustee, governing the 8% Senior Unsecured Notes which mature on December 15, 2019, of which $411.0 million aggregate principal amount are outstanding;

		
	•
	Second Supplemental Indenture, dated as of March 20, 2018 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), by and between the Company and Computershare Trust Company, N.A., as Trustee, governing the 8% Senior Unsecured Notes Convertible PIK Notes which mature on December 15, 2019, of which $222.6 million aggregate principal amount are outstanding;

		
	•
	Third Amended and Restated Loan Agreement, dated as of June 4, 2018 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), among the Company, as guarantor, the subsidiaries of the Company party thereto as borrowers, JPP, LLC, as Agent, and the lenders party thereto, related to $831.4 million outstanding aggregate principal amount of term loans;

		
	•
	Term Loan Credit Agreement, dated as of January 4, 2018 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), among the Company, SRAC and Kmart, as borrowers, the subsidiaries of the Company party thereto, the lenders party thereto from time to time, and JPP, LLC as administrative and collateral agent, related to $231.2 million outstanding aggregate principal amount of term loans;

		
	•
	Indenture, dated as of May 15, 1995 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), between SRAC and The Bank of New York Mellon Trust Company, N.A. (successor trustee to The Chase Manhattan Bank, N.A.), governing the 7.50% Notes due 2027 which mature on October 15, 2027, the 6.75% Notes due 2028, which mature on January 15, 2028, the 6.50% Notes due 2028, which mature on December 1, 2028, the 7.00% Notes due 2032, which mature on June 1, 2032, the 7.00% Notes due 2042, which mature on July 15, 2042, and the 7.40% Notes due 2043, which mature on February 1, 2043, of which $185.5 million aggregate principal amount are outstanding;

		
	•
	Supplemental Indenture, dated as of March 20, 2018 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), among SRAC, Sears, Roebuck and Co., the guarantor parties thereto, and the Bank of New York Mellon Trust Company, N.A. (successor trustee to The Chase Manhattan Bank, N.A.), governing the 7.00% / 12.00% PIK-Toggle Notes due March 31, 2028, of which $107.9 million aggregate principal amount are outstanding; and

		
	•
	Indenture, dated as of October 1, 2002 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), between SRAC and BNY Midwest Trust Company, governing various intercompany medium-term notes, with various rates of interest and maturities ranging from October 25, 2018 to March 12, 2024, of which $2.3 billion aggregate principal amount are outstanding.

		
	•
	Indenture, dated as of May 18, 2006 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), between KCD IP, LLC as issuer and U.S. Bank National Association, as trustee governing the 6.90% KCD IP, LLC Asset-Backed Notes.

		
	•
	Commercial paper issued by Sears Roebuck Acceptance Corp. on or prior to the Effective Date in the aggregate amount of $377,500,000.

Foreign Debt
		
	•
	As of the Effective Debt, SHC Israel Ltd. has an outstanding loan from Sears Holdings Management Corporation.

		
	•
	As of the Effective Debt, Kmart Corporation has an outstanding loan from Sears Holdings Global Sourcing Limited.

Intercompany Loans
		
	•
	Certain Loan Parties, from time to time, are party to intercompany borrowing agreements, generally not evidenced by a formal instrument. As of the Effective Date, there exists certain intercompany debt between Loan Parties, as well as between Loan Parties and Non-Loan Parties.

Exhibit 10.6

SCHEDULE 1.05 
EXISTING INVESTMENTS
Minority Investments
	
				
	Entity Name
	Owned by
	Type of Equity Investment
	Number of Shares/Ownership Percentage

	Activision, Inc.
	Sears, Roebuck and Co.
	Common Stock
	1,538 shares

	Exide Technologies
	Sears, Roebuck and Co. and Sears Holdings Management Corporation
	Common Stock 

Warrant
	63 shares

Warrant to purchase 159 common shares (exercise price $32.11)

	Edvert, Inc.
	Sears Holdings Management Corporation
	Warrant
	Warrant to purchase 313,793 Class B shares (exercise price $0.738)

	Magnet Capital Limited Partnership
	Sears, Roebuck and Co.
	LP Interest
	2% limited partnership interest

	Texas Housing Opportunity Fund
	Kmart Corporation
	LP Interest
	25% limited partnership capital interest

	NHG Minnesota IX L.P.
	Kmart Corporation
	LP Interest
	18% limited partnership capital interest

	NHG Minnesota X L.P.
	Kmart Corporation
	LP Interest
	14% limited partnership capital interest

	RoomStore, Inc.
	Kmart Corporation
	Common Stock
	1,532 shares

	Arrayent, Inc.
	Sears Holdings Management Corporation
	Series B Preferred Stock
	Up to 190,000 Series B Preferred Shares (exercise price $2.155041)

	Sears Canada Inc.
	Sears Canada Holdings Corporation
	Common Stock
	11,962,391 shares

	RichRelevance, Inc.
	Sears Holdings Management Corporation
	Series G Preferred Stock
	35,068 shares

	Naples Joint Venture
	Big Beaver Development Corporation
	Partnership Interest
	50% general partnership interest

	Red Run Joint Venture
	Big Beaver Development Corporation
	Partnership Interest
	50% general partnership interest

	Inmuebles SROM S.A. de CV
	Sears Mexico Holdings Corporation
	Common Stock
	1% interest or 750,000 shares

	
				
	Sears Operadora Mexico S.A. de CV
	Sears Mexico Holdings Corporation
	Common Stock
	1% interest or 750,000

		
	•
	Revolving Promissory Note, dated as of April 14, 2003, between Sears, Roebuck and Co., as issuer, and Sears Promotions LLC, as holder, in the amount of $186,792,787.62.

		
	•
	Note, issued pursuant to the Borrowing Agreement dated March 9, 1993, between Discover Credit Corp., as holder, and Sears Financial Holding Corporation, as issuer.

		
	•
	Note, issued pursuant to the Borrowing Agreement dated as of January 1, 2003, between Sears Intellectual Property Management Company, as holder, and Sears, Roebuck and Co., as issuer.

		
	•
	Borrowing Agreement, dated as of December 16, 2005, between Sears Canada Holdings Corp., as lender, and Sears Financial Holding Corporation, as borrower.

		
	•
	Borrowing Agreement, dated as of January 1, 2003, between Sears Intellectual Property Management Company, as lender, Sears, Roebuck and Co., as borrower.

		
	•
	Borrowing Agreement, dated as of March 9, 1993, between Discover Credit Corp., as lender, and Sears Financial Holding Corporation, as borrower.

		
	•
	Borrowing Agreement, dated as of December 16, 2005, between Sears Canada Holdings Corp., as lender, and Sears Financial Holding Corporation, as borrower.

		
	•
	Borrowing Agreement, dated as of January 1, 2003, between Sears Intellectual Property Management Company, as lender, Sears, Roebuck and Co., as borrower.

		
	•
	Borrowing Agreement, dated as of January, 2011, between Kmart of Michigan, Inc., as lender, and Sears Financial Holding

Corporation, as borrower.
Borrowing Arrangement, between Sears, Roebuck and Co., as lender, and Sears Financial Holding Corporation, as borrower.

SCHEDULE 1.06 
EXISTING LIENS 

	
										
	 
	Debtor
	Place of Filing
	Type of filing found
	Secured Party
	Collateral
	Original File Date
	Original File Number
	Amendment /Continuation File Date
	Amendment/Continuation File Number

	1.
	Big Beaver of Florida Development, LLC
 
(formerly filed under Robert A. Mantovani)
	FL Department of State
	UCC-1
	Starwood Property Mortgage Sub-9-A, L.L.C.
	Following types and items of property in relation to the Land (defined therein): (a) Improvements; (b) Appurtenances; (c) Tangible Property; (d)  Income; (e) Secondary Financing; (f) Proceeds; (g) Contract Rights and Accounts; (h) Trade names; (i) Other Intangibles 

(mortgage has been paid off)
	8/23/1999
	990000192280 1
	3/8/2001
	2001000051044
200406246767
200900137337
201400891203

	2.
	Big Beaver of Florida Development, LLC
	FL Department of State
	UCC-1
	JPMorgan Chase Bank, N.A, as Administrative Agent
	All inventory
	1/17/02
	200200130372 2
	10/24/2006
	200603972673 
200603972681 
201105149216 
201105265003 
201608584133

	3.
	California Builder Appliances, Inc.
	CA Secretary of State
	UCC-1
	Maytag Appliances Sales Company
	PMSI inventory
	9/22/00
	27760879
	6/10/2002
	02162C0017 
02190C0069 
05/70332234 
10-72320757 
15-74569635

	4.
	Florida Builder Appliances, Inc.
	DE Secretary of State
	UCC-1
	U.S. Bank Equipment Finance, a division of U.S. Bank National Association
	Specific equipment
	7/16/2018
	20184851396
	7/19/2018
	20184952046

	5.
	Innovel Solutions, Inc.
	DE Secretary of State
	UCC-1
	Captive Finance Solutions, LLC
	Leased equipment
	12/24/14
	20145241856
	N/A
	N/A

	6.
	Innovel Solutions, Inc.
	DE Secretary of State
	UCC-1
	LG Electronics U.S.A., Inc.
	Inventory that the Debtor holds as bailee under agreement between the Debtor and the secured party
	1/13/17
	20170301009
	N/A
	N/A

	7.
	Kmart Corporation
	IL Secretary of State
	UCC-1
	Abrim Enterprises, Inc.
	Consigned inventory
	09/22/16
	21733199
	N/A
	N/A

	8.
	Kmart Corporation
	IL Secretary of State
	UCC-1
	Joseph Enterprises Inc.
	PMSI inventory
	9/27/17
	22744488
	N/A
	N/A

	9.
	Kmart Corporation
	IL Secretary of State
	UCC-1
	Royal Consumer Products LLC
	Poster board and foam board
	11/18/14
	19811727
	N/A
	N/A

	10.
	Kmart Corporation
	MI Department of State
	UCC-1
	State Street Bank and Trust Company/U.S. Bank National Association
	Precautionary filing; parties intended to be a true lease
	5/16/2002
	D910941
	1/22/2007
	2007012057-9 
2007017707-3 
2012009674-3 
20170126000489-4

	11.
	Kmart Corporation
	MI Department of State
	UCC-1
	The Bank of New York, as Note Trustee
	Precautionary filing; parties intended to be a true lease
	5/28/2002
	D915512
	2/12/2007
	2007024132-3 
2007043214-0 
2012009204-8 
2012077131-5 
20170203000169-1

	12.
	Kmart Corporation
	MI Department of State
	UCC-1
	Horizon Group USA, Inc.
	Consigned inventory
	4/13/2009
	2009054475-9
	4/1/2013
	2013045352-7 
2013157896-4

	13.
	Kmart Corporation
	MI Department of State
	UCC-1
	Clover Technologies Group, LLC
	Consigned inventory
	7/11/2012
	2012099717-3
	3/3/2017
	20170303000786-1

	14.
	Kmart Corporation
	MI Department of State
	UCC-1
	Abrim Enterprises, Inc.
	Consigned inventory
	9/22/16
	20160922000930-0
	N/A
	N/A

_______________________________
1 To be terminated post-closing.
2 To be terminated post-closing.

	
										
	 
	Debtor
	Place of Filing
	Type of filing found
	Secured Party
	Collateral
	Original File Date
	Original File Number
	Amendment /Continuation File Date
	Amendment/Continuation File Number

	15.
	Kmart Corporation
	MI Department of State
	UCC-1
	ACCO Brands USA LLC
	Consigned inventory
	11/1/16
	20161101000796-0
	N/A
	N/A

	16.
	Kmart Corporation
	MI Department of State
	UCC-1
	ACCO Brands USA LLC
	Consigned inventory
	11/2/16
	20161102000427-2
	N/A
	N/A

	17.
	Kmart Corporation
	MI Department of State
	UCC-1
	American Greetings Corporation
	Consigned inventory
	5/6/03
	2003087025-3
	5/5/08 
4/26/13 
8/22/16 
4/25/18
	2008069511-2 
2013059416-9 
2016115608-1 
20180425000414-7

	18.
	Kmart Corporation
	MI Department of State
	UCC-1
	American Greetings Corporation
	Consigned inventory
	5/7/03
	2003087053-2
	5/5/08 
4/26/13 
8/22/16 
4/25/18
	2008069512-4 
2013059415-7 
2016115609-3 
20180425000416-5

	19.
	Kmart Corporation
	MI Department of State
	UCC-1
	Aneri Jewels L.L.C.
	Consigned inventory
	12/30/15
	2015178917-9
	N/A
	N/A

	20.
	Kmart Corporation
	MI Department of State
	UCC-1
	Aneri Jewels, L.L.C.
	Consigned inventory
	9/17/14
	2014135693-0
	12/11/15
	2015171608-7

	21.
	Kmart Corporation
	MI Department of State
	UCC-1
	Beauty Gem, Inc.
	Consigned inventory
	6/19/12
	2012088753-6
	10/04/16 
1/31/17
	20161004000429-9 
20170131000492-0

	22.
	Kmart Corporation
	MI Department of State
	UCC-1
	Bio-Lab, Inc.
	Consigned inventory
	1/23/07
	2007012556-7
	1/23/12 
11/02/16
	2012011696-3 
20161102000409-6

	23.
	Kmart Corporation
	MI Department of State
	UCC-1
	Combine International, Inc. (d/b/a I.L. MFG Co., Shan Corporation and/or NSM Corp.)
	Consigned inventory
	8/28/08
	2008135282-6
	6/26/13 
4/10/18
	2013093663-4 
20180410000852-1

	24.
	Kmart Corporation
	MI Department of State
	UCC-1
	Early Morning LLC
	Consigned inventory
	1/19/18
	20180119000728-9
	N/A
	N/A

	25.
	Kmart Corporation 

Sears, Roebuck and Co./Sears Holdings Management, Inc.
	MI Department of State
	UCC-1
	ET Enterprises Distributors, Inc.
	Consigned apparel and visor merchandise. Total $54,846.00
	7/29/16
	2016105914-8
	N/A
	N/A

	26.
	Kmart Corporation
	MI Department of State
	UCC-1
	Hilco Wholesale Solutions, LLC
	Consigned inventory
	3/18/16
	2016037312-9
	N/A
	N/A

	27.
	Kmart Corporation
	MI Department of State
	UCC-1
	Homecare Labs, Inc.
	Consigned inventory
	1/23/07
	2007012558-1
	1/23/12 
11/02/16
	2012011699-9 
20161102000412-0

	28.
	Kmart Corporation
	MI Department of State
	UCC-1
	Kama-Schachter Jewelry, Inc.
	Consigned inventory
	9/20/16
	20160920000978-2
	N/A
	N/A

	29.
	Kmart Corporation
	MI Department of State
	UCC-1
	LM Farms, LLC
	Consigned inventory
	1/19/18
	20180119000726-1
	N/A
	N/A

	30.
	Kmart Corporation
	MI Department of State
	UCC-1
	Lucent Jewelers, Inc.
N.D. Gems Inc.
	Consigned inventory
	2/2/17
	20170202001080-3
	N/A
	N/A

	31.
	Kmart Corporation
	MI Department of State
	UCC-1
	Mantua Manufacturing Co.
	Consigned inventory
	10/2/18
	20181002001108-6
	N/A
	N/A

	32.
	Kmart Corporation
	MI Department of State
	UCC-1
	Maxcolor LLC
	Consigned inventory
	9/7/17
	20170907000378-6
	N/A
	N/A

	33.
	Kmart Corporation
	MI Department of State
	UCC-1
	Mill Creek Entertainment, LLC
	Consigned inventory
	10/29/14
	2014155704-9
	N/A
	N/A

	34.
	Kmart Corporation
	MI Department of State
	UCC-1
	MJ Holding Company, LLC
	Consigned inventory
	12/01/09
	2009169240-0
	7/13/12 
6/28/13 
6/3/14
	2012100886-4 
2013095152-3 
2014079863-2

	35.
	Kmart Corporation
	MI Department of State
	UCC-1
	NCR Corporation
	PMSI inventory
	3/12/09
	2009037776-6
	2/28/14
	2014029466-0

	36.
	Kmart Corporation
	MI Department of State
	UCC-1
	Plus Mark LLC
	PMSI inventory
	10/4/16
	20161012000541-9
	N/A
	N/A

	37.
	Kmart Corporation
	MI Department of State
	UCC-1
	Richline Group, Inc.
	Consigned inventory
	10/23/14
	2014153071-4
	N/A
	N/A

	38.
	Kmart Corporation
	MI Department of State
	UCC-1
	Riverstone USA LLC
	Consigned inventory
	10/31/16
	20161114000297-8
	N/A
	N/A

	39.
	Kmart Corporation
	MI Department of State
	UCC-1
	Rosy Blue, Inc.
	Consigned inventory
	9/10/13
	2013131226-5
	3/14/18
	20180314001201-7

	40.
	Kmart Corporation
	MI Department of State
	UCC-1
	Royal Consumer Products LLC
	Poster board and foam board
	12/16/14
	2014178469-6
	N/A
	N/A

	41.
	Kmart Corporation
	MI Department of State
	UCC-1
	S&J Diamond Corp.
Disons GEMS, Inc.
	Consigned inventory
	8/05/15
	2015111249-3
	N/A
	N/A

	42.
	Kmart Corporation
	MI Department of State
	UCC-1
	Sakar International, Inc.
	Consigned inventory
	9/30/14
	2014141770-2
	N/A
	N/A

	43.
	Kmart Corporation
	MI Department of State
	UCC-1
	Scents of Worth, Inc.
	Consigned inventory
	12/20/13
	2013179478-4
	N/A
	N/A

	44.
	Kmart Corporation
	MI Department of State
	UCC-1
	Shaghal Ltd.
	Consigned inventory
	10/01/15
	2015137503-3
	N/A
	N/A

	45.
	Kmart Corporation
	MI Department of State
	UCC-1
	Shanti Corporation D/B/A Vijay Gold Designs
	Consigned inventory
	9/18/13
	2013135456-6
	8/07/18
	20180807000509-4

	46.
	Kmart Corporation
	MI Department of State
	UCC-1
	The News Group, L.P.
	PMSI inventory
	2/23/18
	20180223000573-3
	N/A
	N/A

	47.
	Kmart Corporation
	MI Department of State
	UCC-1
	Tiger Capital Group, LLC
	Consigned inventory
	2/08/18
	20180208000547-9
	N/A
	N/A

	48.
	Kmart Corporation
	MI Department of State
	UCC-1
	Twentieth Century Fox Home Entertainment LLC
	Consigned inventory
	4/27/17
	20170427001183-6
	N/A
	N/A

	
										
	 
	Debtor
	Place of Filing
	Type of filing found
	Secured Party
	Collateral
	Original File Date
	Original File Number
	Amendment /Continuation File Date
	Amendment/Continuation File Number

	49.
	Kmart Corporation
	MI Department of State
	UCC-1
	Verbatim Americas LLC
	Consigned inventory
	5/13/14
	2014068095-0
	N/A
	N/A

	50.
	Kmart Corporation
	MI Department of State
	UCC-1
	Vijaydimon (USA) Inc.
	Consigned inventory
	9/13/13
	2013133133-0
	8/07/18
	20180807000510-0

	51.
	Kmart Corporation/Kmart of Michigan, Inc.
	MI Department of State
	UCC-1
	Jacmel Jewelry Inc.
	Consigned inventory
	10/27/14
	2014154479-9
	N/A
	N/A

	52.
	Kmart Corporation/Sears, Roebuck and Co.,/Sears Holdings Management Corporation./Sears Holdings Corporation
	IL Secretary of State
	UCC-1
	Chapal Zenray Inc.
	Consigned inventory
	11/05/14
	19779882
	N/A
	N/A

	53.
	Kmart Holding Corporation/ Sears Holdings Corporation
	IL Secretary of State
	UCC-1
	RGGD, Inc. D/B/A Crystal Art Gallery
	Framed art and wall décor
	03/26/12
	17136976
	03/08/17
	9467438

	54.
	Kmart of Michigan, Inc.
	MI Department of State
	UCC-1
	Bio-Lab, Inc.
	Consigned inventory
	1/23/07
	2007012557-9
	1/23/12 
11/02/16
	2012011697-5 
20161102000414-8

	55.
	Kmart of Michigan, Inc.
	MI Department of State
	UCC-1
	Homecare Labs, Inc.
	Consigned inventory
	1/23/07
	2007012559-3
	1/23/12 
11/02/16
	2012011701-6 
20161102000419-3

	56.
	Kmart of Washington LLC
	WA Secretary of State
	UCC-1
	Bio-Lab, Inc.
	Consigned inventory
	1/23/07
	2007-024-4055-9
	1/23/12 
11/02/16
	2012-023-5218-2 
2016-307-2158-1

	57.
	Kmart of Washington LLC
	WA Secretary of State
	UCC-1
	HomeCare Labs, Inc.
	Consigned inventory
	1/23/07
	2007-024-4054-2
	1/23/12 
11/02/16
	2012-023-5219-9 
2016-307-2157-4

	58.
	Kmart of Washington LLC
	WA Secretary of State
	UCC-1
	Jacmel Jewelry Inc.
	Consigned inventory
	10/27/14
	2014-300-2219-2
	N/A
	N/A

	59.
	Kmart Operations LLC
	DE Secretary of State
	UCC-1
	American Greetings Corporation
	PMSI inventory
	7/1/15
	2015 2834785
	8/22/16
	20165092646

	60.
	Kmart Operations LLC
	DE Secretary of State
	UCC-1
	RX Gear, LLC
	Consigned inventory
	7/31/15
	20153333670
	N/A
	N/A

	61.
	Kmart Operations LLC
	DE Secretary of State
	UCC-1
	Work ‘N Gear, LLC
	Consigned inventory
	07/31/15
	20153333647
	N/A
	N/A

	62.
	Kmart Operations LLC/Sears Operation LLC/ Sears Holdings Corporation
	DE Secretary of State
	UCC-1
	Lucent Jewelers, Inc.
N.D. Gems Inc.
	Consigned inventory
	4/18/18
	20182630396
	N/A
	N/A

	63.
	Kmart Operations LLC/Sears Operations LLC/Sears, Roebuck and Co.
	IL Secretary of state
	UCC-1
	D-Link Systems, Inc.
	Consigned inventory
	10/16/14
	19726150
	6/26/15
	9363045

	64.
	Kmart Stores of Illinois LLC
	IL Secretary of State
	UCC-1
	Bio-Lab, Inc.
	Consigned inventory
	1/23/07
	11741681
	1/23/12 
11/02/16
	009157193 
009444896

	65.
	Kmart Stores of Illinois LLC
	IL Secretary of State
	UCC-1
	HomeCare Labs, Inc.
	Consigned inventory
	1/23/07
	11741703
	1/23/12 
11/02/16
	009157194 
009444897

	66.
	Kmart Stores of Illinois LLC
	IL Secretary of State
	UCC-1
	Jacmel Jewelry Inc.
	Consigned inventory
	10/27/14
	19751392
	N/A
	N/A

	67.
	Kmart Stores of Texas LLC
	TX Secretary of State
	UCC-1
	Bio-Lab, Inc.
	Consigned inventory
	1/29/07
	07-0003108756
	1/23/12 
11/02/16
	12-00023888 
16-00358725

	68.
	Kmart Stores of Texas LLC
	TX Secretary of State
	UCC-1
	HomeCare Labs, Inc.
	Consigned inventory
	1/23/07
	07-0002446699
	1/23/12 
11/02/16
	12-00023886 
16-00358729

	69.
	Kmart Stores of Texas LLC
	TX Secretary of State
	UCC-1
	Jacmel Jewelry Inc.
	Consigned inventory
	10/27/14
	14-0034360314
	N/A
	N/A

	70.
	Sears Brand Management Corporation
	DE Secretary of State
	UCC-1
	Early Morning LLC
	Consigned inventory
	1/18/18
	20180425047
	N/A
	N/A

	71.
	Sears Brand Management Corporation
	DE Secretary of State
	UCC-1
	Hilco Wholesale Solutions, LLC
	Consigned inventory
	3/18/16
	20161652229
	N/A
	N/A

	72.
	Sears Brand Management Corporation
	DE Secretary of State
	UCC-1
	LM Farms, LLC
	Consigned inventory
	1/18/18
	20180424727
	N/A
	N/A

	73.
	Sears Brand Management Corporation
	DE Secretary of State
	UCC-1
	Riverstone USA LLC
	Consigned inventory
	10/28/16
	20166659104
	N/A
	N/A

	
										
	 
	Debtor
	Place of Filing
	Type of filing found
	Secured Party
	Collateral
	Original File Date
	Original File Number
	Amendment /Continuation File Date
	Amendment/Continuation File Number

	74.
	Sears Brand Management Corporation
	DE Secretary of State
	UCC-1
	Shaghal Ltd.
	Consigned inventory
	10/1/15
	20154442397
	N/A
	N/A

	75.
	Sears Brand Management Corporation/Sears Holdings Management Corporation/Sears Holdings Corporation
	DE Secretary of State
	UCC-1
	Tiger Capital Group, LLC
	Consigned inventory
	2/8/18
	20180915161
	N/A
	N/A

	76.
	Sears Holdings Corporation
	DE Secretary of State
	UCC-1
	Aneri Jewels, L.L.C
	Consigned inventory
	12/29/15
	20156311038
	N/A
	N/A

	77.
	Sears Holdings Corporation
	DE Secretary of State
	UCC-1
	Bracketron, Inc.
	Consigned inventory
	3/22/16
	20161715067
	N/A
	N/A

	78.
	Sears Holdings Corporation
	DE Secretary of State
	UCC-1
	Mantua Manufacturing Co.
	Consigned inventory
	10/2/18
	20186813873
	N/A
	N/A

	79.
	Sears Holdings Corporation
	DE Secretary of State
	UCC-1
	Riverstone USA LLC
	Consigned inventory
	10/28/16
	20166658916
	N/A
	N/A

	80.
	Sears Holdings Corporation
	DE Secretary of State
	UCC-1
	Rosy Blue, Inc.
	Consigned inventory
	9/10/13
	20133515278
	3/13/18
	20181727904

	81.
	Sears Holdings Corporation
	DE Secretary of State
	UCC-1
	Shaghal Ltd.
	Consigned inventory
	10/1/15
	20154442603
	N/A
	N/A

	82.
	Sears Holdings Corporation
	DE Secretary of State
	UCC-1
	Shanti Corporation D/B/A Vijay Gold Designs
	Consigned inventory
	9/17/13
	20133616209
	8/6/18
	20185411505

	83.
	Sears Holdings Corporation
	DE Secretary of State
	UCC-1
	Soft Air USA Inc.
	Consigned inventory
	5/19/17
	20173319099
	N/A
	N/A

	84.
	Sears Holdings Corporation
	DE Secretary of State
	UCC-1
	Suberi Brothers, LLC
	Consigned inventory
	3/12/13
	20130947524
	3/12/18
	20181692199

	85.
	Sears Holdings Corporation
	DE Secretary of State
	UCC-1
	Vijaydimon (USA) Inc.
	Consigned inventory
	9/12/13
	20133564060
	8/6/18
	20185411547

	86.
	Sears Holdings Corporation
	IL Secretary of State
	UCC-1
	MaxMark, Inc.
	Consigned inventory
	3/03/17
	22163000
	N/A
	N/A

	87.
	Sears Holdings Corporation/Kmart Holding Corporation
	DE Secretary of State
	UCC-1
	RGGD, Inc. d/b/a Crystal Art Gallery
	Consigned inventory
	3/16/12
	20121026733
	3/06/17
	20171481271

	88.
	Sears Holdings Corporation/Kmart Holding Corporation
	IL Secretary of State
	UCC-1
	RGGD, Inc., d/b/a Crystal Art Gallery
	Consigned inventory
	3/26/14
	1713697
	3/8/17
	9467438

	89.
	Sears Holdings Corporation/Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Aneri Jewels, L.L.C.
	Consigned inventory
	9/17/14
	20143714227
	12/10/15
	20155946255

	90.
	Sears Holdings Corporation/Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Combine International, Inc.(d/b/a I.L. MFG Co., Shan Corporation and/or NSM Corp.)
	Consigned inventory
	8/28/08
	20082932810
	5/19/09 
6/26/13 
4/10/18
	20091581823 
20132463777 
20182435051

	91.
	Sears Holdings Corporation/Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Sun Diamond, Inc. d/b/a Sun Source
	Consigned inventory
	8/13/14
	20143244829
	N/A
	N/A

	92.
	Sears Holdings Corporation/Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Suberi Brothers, LLC
	Consigned inventory
	3/12/18
	20181687009
	N/A
	N/A

	93.
	Sears Holdings Corporation/Sears Holdings Management Corporation/Sears Holdings Inc.
	DE Secretary of State
	UCC-1
	The Luxe Group Inc.
	Consigned inventory
	12/05/16
	20167514852
	N/A
	N/A

	94.
	Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Abrim Enterprises, Inc.
	Consigned inventory
	9/23/16
	20165840119
	N/A
	N/A

	
										
	 
	Debtor
	Place of Filing
	Type of filing found
	Secured Party
	Collateral
	Original File Date
	Original File Number
	Amendment /Continuation File Date
	Amendment/Continuation File Number

	95.
	Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Citibank, N.A., as Administrative Agent
	Instruments and chattel paper
	6-21-17
	20174104706
	N/A
	N/A

	96.
	Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Aneri Jewels, L.L.C
	Consigned inventory
	12/29/15
	20156311178
	N/A
	N/A

	97.
	Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Canon Financial Services, Inc.
	Leased or financed equipment
	12/19/14
	20145172150
	N/A
	N/A

	98.
	Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Canon Financial Services, Inc.
	Leased or financed equipment
	12/29/15
	20156308844
	N/A
	N/A

	99.
	Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Cross Country Home Services, Inc., on behalf of itself and as Agent
	Receivables under THM program documents (with HomeSure vendors)
	11/1/17
	20177234570
	N/A
	N/A

	100.
	Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Hewlett-Packard Financial Services Company
	Leased or financed equipment
	8/4/14
	20143096716
	N/A
	N/A

	101.
	Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Jacmel Jewelry Inc.
	Consigned inventory
	10/27/14
	20144299681
	N/A
	N/A

	102.
	Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Kama-Schachter Jewelry, Inc.
	Consigned inventory
	9/19/16
	20165726466
	N/A
	N/A

	103.
	Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Mantua Manufacturing Co.
	Consigned inventory
	10/2/18
	20186813626
	N/A
	N/A

	104.
	Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Plymouth Packaging, Inc. dba Box on Demand
	Specific machinery
	10/13/16
	20166295644
	N/A
	N/A

	105.
	Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Three Point Capital, LLC
	Tax credit from State of IL
	10/5/16
	20166110884
	N/A
	N/A

	106.
	Sears Holdings Management Corporation
	DE Secretary of State
	UCC-1
	Twentieth Century Fox Home Entertainment LLC
	Consigned inventory
	4/27/17
	20172761630
	N/A
	N/A

	107.
	Sears Holdings Management Corporation
	IL Secretary of State
	UCC-1
	Abrim Enterprises, Inc.
	Consigned inventory
	9/22/16
	21733121
	N/A
	N/A

	108.
	Sears Holdings Management Corporation
	IL Secretary of State
	UCC-1
	Allure Gems LLC
	Consigned inventory
	10/21/16
	21810061
	N/A
	N/A

	109.
	Sears Holdings Management Corporation
	IL Secretary of State
	UCC-1
	MaxMark Inc.
	Consigned inventory
	10/17/13
	18685485
	N/A
	N/A

	110.
	Sears Holdings Management Corporation/Sears Holdings Corporation
	DE Secretary of State
	UCC-1
	Suberi Brothers, LLC
	Consigned inventory
	3/12/13
	20130947813
	3/12/185
3/13/18
	2018 1692199
2018 1733290

	111.
	Sears Home & Business Franchises, Inc.
	DE Secretary of State
	UCC-1
	U.S. Bank Equipment Finance, a division of U.S. Bank National Association
	Specific equipment
	12-8-15
	20155868921
	N/A
	N/A

	112.
	Sears Home & Business Franchises, Inc.
	DE Secretary of State
	UCC-1
	VAR Resources, LLC
	Specific equipment
	3-22-17
	20171866307
	N/A
	N/A

	113.
	Sears Home Improvement Products, Inc.
	PA Secretary of Commonwealth
	UCC-1
	Toyota Industries Commercial Finance, Inc.
	Specific machinery
	1/20/17
	2017012000854
	N/A
	N/A

	114.
	Sears Operations LLC
	DE Secretary of State
	UCC-1
	American Greetings Corporation
	PMSI inventory
	7/1/2015
	20152834777
	8/22/16
	2016 5092653

	115.
	Sears Operations LLC
	DE Secretary of State
	UCC-1
	RX Gear, LLC
	Consigned inventory
	7/31/15
	20153333522
	N/A
	N/A

	116.
	Sears Operations LLC
	DE Secretary of State
	UCC-1
	Seiko Corporation of America
	Consigned inventory
	8/26/15
	20153752911
	N/A
	N/A

	117.
	Sears Operations LLC
	DE Secretary of State
	UCC-1
	Work ‘N Gear, LLC
	Consigned inventory
	7/31/15
	20153333423
	N/A
	N/A

	
										
	 
	Debtor
	Place of Filing
	Type of filing found
	Secured Party
	Collateral
	Original File Date
	Original File Number
	Amendment /Continuation File Date
	Amendment/Continuation File Number

	118.
	Sears Roebuck and Co.
	NY Department of State
	UCC-1
	Seiko Corporation of America
	Consigned inventory
	9-20-13
	201309208382954
	8-10-18
	201809108411994

	119.
	Sears, Roebuck and Co.
	IL Secretary of State
	UCC-1
	Abrim Enterprises, Inc.
	Consigned inventory
	9/22/16
	21732508
	N/A
	N/A

	120.
	Sears, Roebuck and Co.
	IL Secretary of State
	UCC-1
	Crown Credit Company
	Equipment
	10/6/14
	19695123
	N/A
	N/A

	121.
	Sears, Roebuck and Co.
	IL Secretary of State
	UCC-1
	Dell Financial Services, L.P.
	Computer equipment
	6/23/00
	4231060
	5/26/05 
4/30/10 
11/18/10 
5/29/15
	008764570 
009042080 
009078848 
009359027

	122.
	Sears, Roebuck and Co.
	IL Secretary of State
	UCC-1
	Richline Group, Inc.
	Consigned inventory
	10/23/14
	19744515
	N/A
	N/A

	123.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Abrim Enterprises, Inc.
	Consigned inventory
	9/22/16
	201609228377179
	N/A
	N/A

	124.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	American Greetings Corporation
	PMSI inventory
	7/1/15
	201507015725202
	8/22/16
	201608226001740

	125.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Aneri Jewels, Inc.
	Consigned inventory
	12/29/15
	201512296458142
	N/A
	N/A

	126.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Lucent Jewelers, Inc.
	Consigned inventory
	9/11/14
	201409118353324
	8/10/15
	201508108306068

	127.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Beauty Gem, Inc.
	Consigned inventory
	8/10/11
	201108100433869
	4/15/16 
10/4/16
	201604150176930 
201610040477344

	128.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Bio-Lab, Inc.
	Consigned inventory
	1/23/07
	200701230055253
	1/23/12 
12/2/16
	201201235087232 
201612020571560

	129.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Combine International, Inc. (d/b/a I.L. Mft. Co., Shan Corporation and/or NSM Corp.
	Consigned inventory
	8/28/08
	200808280601486
	6/27/13 
4/10/18
	201306270359563 
201804100166286

	130.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Cross Countrv Home Services, Inc., on behalf of itself and as agent
	Receivables under THM program documents (with HomeSure vendors)
	11/1/17
	201711010534407
	N/A
	N/A

	131.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Early Morning LLC
	Consigned inventory
	1/19/18
	201801190029719
	N/A
	N/A

	132.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Envisions LLC
	Consigned inventory
	3/31/17
	201703318132790
	N/A
	N/A

	133.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	ET Enterprises Distributors, Inc.
	Consigned apparel and visor merchandise, total $54,846.00
	8/11/16
	201608110386101
	N/A
	N/A

	134.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Gold LLC
	Consigned inventory
	6/20/13
	201306205672669
	5/11/18
	201805115580409

	135.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Hilco Wholesale Solutions, LLC
	Consigned inventory
	3/18/16
	201603188106670
	N/A
	N/A

	136.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	HomeCare Labs, Inc.
	Consigned inventory
	1/23/07
	200701230055241
	1/23/12 
12/2/16
	201201235087244 
201612020571522

	137.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Jacmel Jewelry Inc.
	Consigned inventory
	10/27/14
	201410270600834
	N/A
	N/A

	138.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Kama-Schachter Jewelry, Inc.
	Consigned inventory
	9/19/16
	201609196110859
	N/A
	N/A

	139.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Lands’ End Inc.
	Consigned inventory
	1/27/17
	201701270037999
	N/A
	N/A

	140.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	LM Farms, LLC
	Consigned inventory
	1/19/18
	201801190029721
	N/A
	N/A

	141.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Mantua Manufacturing Co.
	Consigned inventory
	10/2/18
	201810028451499
	N/A
	N/A

	142.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Maxcolor LLC
	Consigned inventory
	9/6/17
	201709068382318
	N/A
	N/A

	144.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	NMHG Financial Services, Inc.
	Leased equipment
	1/14/10
	201001145039567
	8/19/14
	201408195885473

	
										
	 
	Debtor
	Place of Filing
	Type of filing found
	Secured Party
	Collateral
	Original File Date
	Original File Number
	Amendment /Continuation File Date
	Amendment/Continuation File Number

	146.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	PAJ, Inc.
	Consigned inventory
	10/23/13
	201310238426034
	5/20/14 
7/28/14 
9/25/14 
12/12/14 
1/20/15 
2/11/15 
2/25/15 
4/1/15 
5/26/15
	201405208192056 
201407288290826 
201409258374391 
201412128486689 
201501208021186 
201502118051411 
201502258067297 
201504018114482 
201505268197264

	147.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Riverstone USA LLC
	Consigned inventory
	11/10/16
	201611100538286
	N/A
	N/A

	148.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Rosy Blue, Inc.
	Consigned inventory
	8/23/13
	201308230481633
	2/28/18
	201802280096569

	149.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	S&J Diamond Corp.
Disons Gems, Inc.
	Consigned inventory
	8/5/15
	201508050398618
	N/A
	N/A

	150.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Sakar International, Inc.
	Consigned inventory
	9/30/14
	201409308380725
	N/A
	N/A

	151.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Shaghal Ltd.
	Consigned inventory
	10/1/15
	201510018378394
	N/A
	N/A

	152.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Shanti Corporation d/b/a Vijay Gold Designs
	Consigned inventory
	9/17/13
	201309170529052
	8/7/18
	201808070371826

	153.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Suberi Brothers, LLC
	Consigned inventory
	3/12/13
	201303125262415
	3/12/18
	201803125295476

	154.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Aneri Jewels, L.L.C.
	Consigned inventory
	9/17/14
	201409175988722
	12/10/15
	201512106388702

	155.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Sun Diamond, Inc.
	Consigned inventory
	10/08/09
	200910085908309
	8/13/14
	201408135861344

	156.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Thompson Tractor Co., Inc.
	Caterpillar tractor
	3/5/15
	201503058082566
	N/A
	N/A

	157.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Tiger Capital Group, LLC
	Consigned inventory
	2/8/18
	201802080062302
	N/A
	N/A

	158.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Twentieth Century Fox Home Entertainment LLC
	Consigned inventory
	4/27/17
	201704270202869
	N/A
	N/A

	159.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Vijaydimon (USA) Inc.
	Consigned inventory
	6/22/15
	201506220309221
	N/A
	N/A

	160.
	Sears, Roebuck and Co.
	NY Department of State
	UCC-1
	Vijaydimon (USA) Inc.
	Consigned inventory
	9/13/2013
	201309130523646
	8/7/2018
	201808070371814

A.    Any liens in favor of Pension Benefit Guaranty Corporation (“PBGC”) resulting from the Pension Plan Protection and Forbearance Agreement, dated March 18, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified on or prior to the Effective Date), between, among others, Sears Holdings Corporation and PBGC.

B.     Any liens in favor of JPP, LLC, as collateral agent for the secured parties pursuant to that certain Term Loan Credit Agreement, dated as of January 4, 2018 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), by and among, inter alios, Sears Holdings Corporation, as holdings, Sears, Roebuck and Co. and Kmart Corporation, as borrowers, the subsidiaries of Sears Holdings Corporation party thereto, the lenders party thereto from time to time, and JPP, LLC as administrative and collateral agent. 

C.     Any liens in favor of JPP, LLC, as agent for the secured parties pursuant to that certain Third Amended and Restated Loan Agreement, dated as of June 4, 2018 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), by and among, inter alios, Sears Holdings Corporation, as guarantor, its subsidiaries party thereto as borrowers, JPP, LLC, as agent, and the lenders party thereto.

D.     Any liens in favor of UBS AG, Stamford Branch, LLC as administrative agent for the secured parties pursuant to that certain Credit     Agreement, dated as of March 14, 2018 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), by and among, inter alios, SRC O.P. LLC, SRC Facilities LLC and SR Real Estate (TX) LLC, as the borrowers, the lenders party thereto and UBS AG, Stamford Branch, LLC as administrative agent.

E.     Any liens in favor of JPP, LLC, as administrative agent for the secured parties pursuant to that certain Mezzanine Loan Agreement, dated as of March 14, 2018 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), by and among SRC Sparrow 2 LLC, as borrower, JPP, LLC and JPP II, LLC as lenders, and JPP, LLC, as administrative agent.

F.     Any liens in favor of U.S. Bank National Association, as trustee for the secured parties pursuant to that certain Indenture, dated as of May 18, 2006 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), by KCD IP, LLC as issuer and U.S. Bank National Association, as trustee with respect to 6.90% KCD IP, LLC Asset-Backed Notes.

G.     Any liens in favor of Wilmington Trust, National Association, as collateral agent for secured parties pursuant to (i) that certain Indenture, dated as of October 12, 2010 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), among Sears Holdings Corporation, the guarantors party thereto and Wilmington Trust, National Association (successor to Wells Fargo Bank, National Association) as trustee and collateral agent, governing the 6 5/8% Senior Secured Notes, (ii) that certain Indenture, dated as of March 20, 2018 (as amended, supplemented, or otherwise modified from time to time on or prior to the Effective Date), by and among Sears Holdings Corporation, the guarantors party thereto and Computershare Trust Company, N.A., as trustee, governing the 6 5/8% Senior Secured Convertible PIK Toggle Notes and (iii) that certain Second Lien Credit Agreement, dated as of September 1, 2016 (as amended, supplemented, or otherwise modified on or prior to the Effective Date), by and among, inter alios, Sears Holdings Corporation, as holdings, Sears, Roebuck and Co. and Kmart Corporation, as borrowers, the lenders party thereto, and JPP, LLC as administrative agent and collateral administrator. 

H.     Any liens in favor of Bank of America, N.A., as co-collateral agent for the secured parties pursuant to that certain Third Amended and Restated Credit Agreement, dated as of July 21, 2015 (as amended, supplemented or otherwise modified on or prior to the Effective Date), by and among, inter alios, Sears Holdings Corporation, as holdings, Sears, Roebuck and Co. and Kmart Corporation, as borrowers, the lenders party thereto, and Bank of America, N.A., as agent. 

I.     Any liens in favor of the secured parties pursuant to that certain Letter of Credit and Reimbursement Agreement, dated as of December 28, 2016 (as amended, supplemented or otherwise modified on or prior to the Effective Date), by and among Sears Holdings Corporation, Sears, Roebuck and Co., Kmart Corporation, the financial institutions party thereto from time to time as L/C lenders, and Citibank N.A., as administrative agent and issuing bank. 

J.     Liens with respect to consigned goods in Puerto Rico.

K.     Certain Loan Parties are parties to consignment agreements with respect to which no UCC filings have been filed.

L.     Encumbered Real Properties listed on Attachment A below.

Attachment A to Schedule 1.06
	
									
	Unit
	RE ID
	NAME
	State
	Address
	Zip 
Code
	Facility
	Property 
Group
	Status

	1136
	113600
	Riverchase
	AL
	2500 Riverchase Galleria
	35244
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1588
	158800
	Phoenix-Metro Ctr
	AZ
	10001 N Metro Pkwy W
	85051
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	2288
	228800
	Antioch
	CA
	2600 Somersville Rd
	94509
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	26720
	2672000
	City Of Industry
	CA
	100 S Puente Hills Mall
	91748
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	26720
	2672003
	City Of Industry
	CA
	100 S Puente Hills Mall
	91748
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	449
	44900
	DELANO
	CA
	Delano Industrial Pk
	93215
	Facility under paragraph C of this Schedule 1.06
	Non-retail
	Active 
Non-retail

	4857
	485700
	Desert Hot Springs
	CA
	14011 Palm Drive
	92240
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	4457
	445700
	Hayward
	CA
	26231 Mission Blvd
	94544
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1209
	120900
	Long Beach
	CA
	2100N Bellflower Blvd
	90815
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1068
	106800
	Palmdale
	CA
	1345 W Avenue P
	93551
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	3368
	336800
	Redlands
	CA
	1625 W Redlands
	92373
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1271
	127100
	Littleton/ 
Denver
	CO
	8501 W Bowles Ave
	80123
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1443
	144300
	Manchester
	CT
	190 Buckland Hills Dr
	6040
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1853
	185300
	Wilmington
	DE
	4737 Concord Pike
	19803
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1255
	125500
	Citrus Park
	FL
	7902 Citrus Park Dr
	33625
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	1055
	105500
	Coral Springs
	FL
	9565 W Atlantic Blvd
	33071
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	3223
	322300
	Fort Walton Beach
	FL
	200 Irwin N E
	32548
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	26726
	2672600
	Jacksonville
	FL
	9501 Arlington Expy
	32225
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	1175
	117500
	Merritt Island
	FL
	777 E Merritt Island Cswy
	32952
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	8292
	829200
	Ocala
	FL
	655 West 52Nd Ave
	34474
	Facility under paragraph C of this Schedule 1.06
	Non-retail
	Active 
Non-retail

	1485
	148500
	Orange Pk
	FL
	1910 Wells Rd
	32073
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1285
	128500
	Orlando-South
	FL
	8001 S Orange Blossom Trl
	32809
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	2885
	288500
	Port Richey
	FL
	9409 Us Highway 19 N Ste 101
	34668
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	26734
	2673400
	Sanford
	FL
	320 Towne Center Cir
	32771
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	26734
	2673402
	Sanford
	FL
	450 Towne Ctr Circle
	32771
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	8245
	824500
	St. Petersburg
	FL
	4600 Park St N
	33709
	Facility under paragraph C of this Schedule 1.06
	Non-retail
	Active 
Non-retail

	1015
	101500
	Vero Beach
	FL
	6200 20Th St Ste 300
	32966
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	26737
	2673700
	Albany
	GA
	2601 Dawson Rd Bldg G
	31707
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	2065
	206500
	Brunswick
	GA
	100 Mall Blvd Ste 300
	31525
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Annc'd to Close

	7705
	770500
	Tamuning
	GU
	404 N Marine Dr Rte 1
	96913
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	490
	49000
	HOFFMAN EST
	IL
	3333 Beverly Road
	60192
	Facility under paragraph C of this Schedule 1.06
	Non-retail
	Active 
Non-retail

	2162
	49001
	Hoffman Estates
	IL
	3333 Beverly Rd
	60179
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	8289
	828900
	Manteno
	IL
	333 South Spruce Street
	60950
	Facility under paragraph C of this Schedule 1.06
	Non-retail
	Active 
Non-retail

	4423
	442300
	Rockford
	IL
	5909 E State Street
	61108
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	31914
	3191400
	Round Lake Beach
	IL
	400 East Rollins Rd
	60073
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	4048
	404800
	Springfield
	IL
	3250 Clear Lake Rd
	62702
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	3433
	343300
	Holyoke
	MA
	2211 Northampton St
	1040
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1093
	109300
	Springfield
	MA
	1585 Boston Rd
	1129
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	
									
	2183
	218300
	So Portland
	ME
	400 Maine Mall Rd
	4106
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	9385
	938500
	Clio
	MI
	4290 W Vienna Rd
	48420
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1100
	110000
	Flint
	MI
	3191 S Linden Rd
	48507
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	1460
	146000
	Livonia
	MI
	29500 7 Mile Rd
	48152
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	4998
	499800
	Roseville
	MI
	17580 Frazho
	48066
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	1590
	159000
	Saginaw
	MI
	4900 Fashion Square Mall
	48604
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	38480
	3848000
	Troy
	MI
	2240 Cunningham Dr
	48084
	Facility under paragraph C of this Schedule 1.06
	Non-retail
	Active 
Non-retail

	4206
	420600
	Warren
	MI
	2000 Ten Mile Rd
	48091
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1032
	103200
	Brooklyn Ctr
	MN
	1297 Shingle Creek Crossing
	55430
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	2500
	250000
	Duluth
	MN
	1600 Miller Trunk Hwy
	55811
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	1121
	112100
	Independence
	MO
	18777 E 39Th St S
	64057
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	2242
	224200
	Billings
	MT
	1515 Grand Ave
	59102
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	2191
	219100
	Lincoln
	NE
	6400 O St
	68510
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1744
	174400
	Ocean
	NJ
	Rt 66 And 35
	7712
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	7017
	701700
	Roswell
	NM
	1705 S Main St
	88203
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	4726
	472600
	Jamestown
	NY
	975 Fairmount Ave
	14701
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1364
	136400
	Lake Grove
	NY
	4 Smith Haven Mall
	11755
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	8305
	830500
	Warren
	OH
	541 Perkins Jones Rd Ne
	44483
	Facility under paragraph C of this Schedule 1.06
	Non-retail
	Active 
Non-retail

	1224
	122400
	Harrisburg
	PA
	4600 Jonestown Rd
	17109
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	3529
	352900
	Pittsburgh
	PA
	996 W View Park Dr
	15229
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1293
	129300
	Robinson Twp
	PA
	1000 Robinson Center Dr
	15205
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	1354
	135400
	Willow Grove
	PA
	2500 W Moreland Rd
	19090
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1795
	179500
	Myrtle Beach
	SC
	1200 Coastal Grand Circle
	29577
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	3147
	314700
	Kingsport
	TN
	1805 E Stone Dr
	37660
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1675
	167500
	Knoxville East Town
	TN
	2931 Knoxville Center Dr
	37924
	Facility under paragraph C of this Schedule 1.06
	Closed Store
	Closed Store

	1216
	121600
	Memphis/ 
Southland
	TN
	1200 Southland Mall
	38116
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1437
	143700
	Arlington/ 
Parks
	TX
	3871 S Cooper St
	76015
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	8137
	813700
	HOUSTON
	TX
	16555 Park Row
	77084
	Facility under paragraph C of this Schedule 1.06
	Non-retail
	Active 
Non-retail

	49027
	4902700
	ROUND ROCK
	TX
	1300 Louis Henna Blvd
	78664
	Facility under paragraph C of this Schedule 1.06
	Non-retail
	Active 
Non-retail

	1023
	102300
	Loudoun/ 
Dulles
	VA
	21000 Dulles Town Cir
	20166
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1974
	197400
	Roanoke
	VA
	4812 Valley View Blvd Ne
	24012
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	3722
	372200
	Burlington
	WA
	1550 S Burlington Blvd
	98233
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	3722
	372203
	Burlington
	WA
	 
	98233
	Facility under paragraph C of this Schedule 1.06
	Non-retail
	Active 
Non-retail

	2092
	209200
	Appleton
	WI
	4301 W Wisconsin Ave
	54913
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	4395
	439500
	Cudahy
	WI
	6077 S Packard Avenue
	53110
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	3088
	308800
	Kenosha
	WI
	4100 52Nd St
	53144
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	2432
	243200
	La Crosse
	WI
	4200 Us Hwy 16
	54601
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Annc'd to Close

	2232
	223200
	Madison-East
	WI
	43 East Towne MallC
	53704
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1804
	180400
	Barboursville
	WV
	100 Huntington Mall Rd
	25504
	Facility under paragraph C of this Schedule 1.06
	Open Store
	Open Store

	1368
	136800
	Concord
	CA
	1001 Sunvalley Blvd
	94520
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	1309
	130900
	Downey
	CA
	500 Stonewood St
	90241
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	1758
	175800
	Escondido
	CA
	210 E Via Rancho Pkwy
	92025
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	1378
	137800
	Orange
	CA
	2100 N Tustin St
	92865
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	
									
	1048
	104800
	Pasadena
	CA
	3801 E Foothill Blvd
	91107
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	1288
	128800
	Stockton
	CA
	5110 Pacific Ave
	95207
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	1765
	176500
	Palm Beach Gardens
	FL
	3101 Pga Blvd
	33410
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	2148
	214800
	Kahului Maui(Sur)
	HI
	275 Kaahumanu AveSte 1000
	96732
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	30936
	3093600
	Tinley Park
	IL
	16300 Harlem
	60477
	Facility under paragraph B of this Schedule 1.06
	Closed Store
	Closed Store

	1304
	130400
	Silver Spring
	MD
	11255 New Hampshire Ave
	20904
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	1094
	109400
	Hackensack
	NJ
	436 Main St
	7601
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	6854
	685400
	Hackensack
	NJ
	516 Main St
	7601
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	1044
	104400
	Jersey Cty/ 
Newport
	NJ
	50 Mall Dr W
	7310
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	1494
	149400
	Moorestown
	NJ
	Rt 38 And Lenola Rd
	8057
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	1114
	111400
	Brooklyn
	NY
	2307 Beverley Rd
	11226
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	6104
	111401
	Brooklyn
	NY
	2359 Bedford Ave
	11226
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	1333
	133300
	Poughkeepsie
	NY
	2001 South Rd
	12601
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	1924
	192400
	Valley Stream
	NY
	1150 Sunrise Hwy
	11581
	Facility under paragraph B of this Schedule 1.06
	Open Store
	Open Store

	30962
	3096200
	Groveport
	OH
	4400 S Hamilton Rd
	43125
	Facility under paragraph B of this Schedule 1.06
	Non-retail
	Active 
Non-retail

	30962
	3096203
	GROVEPORT
	OH
	4400 S HAMILTON RD
	43125
	Facility under paragraph B of this Schedule 1.06
	Non-retail
	Active 
Non-retail

SCHEDULE 1.07 
INITIAL SPECIFIED STORE CLOSING LOCATIONS
	
				
	Unit No
	Address
	City
	State

	9711
	3977 CUMBERLAND ROAD
	Russellville
	AR

	3945
	6050 HIGHWAY 90
	Delano
	CA

	3982
	1 KMART PLAZA
	Lemoore
	CA

	3345
	3443 W ADDISON
	Modesto
	CA

	3483
	261 N MC DOWELL BLVD
	Ontario
	CA

	7471
	748 W MAIN STREET
	Placerville
	CA

	4706
	4000 EAST 2ND STREET
	Riverside
	CA

	9761
	1705 W. BARRON STREET
	Visalia
	CA

	3424
	2001 SOUTH MILITARY HWY
	Gainesville
	FL

	3793
	802 WEST STATE STREET
	Miami
	FL

	3713
	4377 ROUTE 313
	Covington
	GA

	3978
	EAST EL MONTE WAY
	Peachtree City
	GA

	9222
	655 SUNLAND PARK DR
	Cherokee
	IA

	3097
	7200 ARLINGTON AVENUE
	Council Bluffs
	IA

	9309
	4290 W VIENNA ROAD
	Webster City
	IA

	4297
	1155 VETERAN'S BLVD
	Moline
	IL

	9348
	253-01 ROCKAWAY BLVD
	Norridge
	IL

	4433
	26231 MISSION BLVD
	Quincy
	IL

	9354
	PO BOX 3040, BLDG 82, MONTAUK HWY
	Griffith
	IN

	3251
	910 WILKES BARRE TWP BLVD
	Indianapolis
	IN

	3823
	175 MAAG AVENUE
	Jasper
	IN

	4215
	10400 ROSECRANS
	Kansas City
	KS

	7169
	6310 W 3RD STREET
	Salina
	KS

	7229
	301 GARDNER FIELD ROAD
	Grayson
	KY

	3941
	SUNNY ISLE S/C
	Russell Springs
	KY

	7223
	118 WALLER MILL ROAD
	Metairie
	LA

	3654
	6163 OXON HILL ROAD
	OXON HILL
	MD

	3807
	2235 EAST STATE STREET
	Prince Frederick
	MD

	9521
	22631 ROUTE 68 STE 30
	Madawaska
	ME

	3820
	15861 MICHIGAN AVENUE
	Charlevoix
	MI

	3308
	1502 SOUTH FOURTH STREET
	Lake Orion
	MI

	4304
	201 NINTH ST S E
	Florissant
	MO

	3239
	MAIN STREET N CANTON
	Kansas City
	MO

	4026
	200 CAPITAL AVE S W
	St. Joseph
	MO

	4112
	528 W PLANK ROAD
	Asheville
	NC

	4450
	200 CARR 181
	Raleigh
	NC

	3808
	808 ROUTE 46
	Statesville
	NC

	3393
	779 DELSEA DRIVE N
	GLASSBORO
	NJ

	
				
	4741
	5000 SAN DARIO
	Batavia
	NY

	9415
	200 S WASHINGTON ST
	Mahopac
	NY

	4123
	4670 S 900 EAST
	Niagara Falls
	NY

	3600
	8701 SIX FORKS ROAD
	Schenectady
	NY

	9392
	250 NEW ROAD (RT 9)
	West Seneca
	NY

	7209
	420 EAST HIGHWAY 80
	East Liverpool
	OH

	4257
	4401 BUFFALO ROAD
	Middleburg Heights
	OH

	4455
	3955 S W MURRAY BLVD
	BEAVERTON
	OR

	3361
	18 ELM PLAZA
	Allentown
	PA

	4150
	1701 4TH AVE W
	Altoona
	PA

	7746
	4325 BROADWAY
	Carlisle
	PA

	7470
	10 COBBLESTONE COURT DRIVE
	Hummelstown
	PA

	3884
	750 WEST DEUCE OF CLUBS
	Matamoras
	PA

	4054
	1001 PATTON AVENUE
	New Kensington
	PA

	9409
	389 MAIN STREET
	Phoenixville
	PA

	4010
	2301 S UNIVERSITY DRIVE
	Pittsburgh
	PA

	9438
	2505 BELL ROAD
	Pleasant Hills
	PA

	9539
	1127 S STATE ST
	Thorndale
	PA

	7274
	20 O'FALLON SQUARE
	Mauldin
	SC

	7043
	5100 CLAYTON ROAD
	Rock Hill
	SC

	7460
	97 SENECA TRAIL
	Knoxville
	TN

	7415
	1170 MAE STREET
	Springfield
	VA

	7717
	CARR 2, ESTATAL, PLAZA CARIBE MALL
	Waynesboro
	VA

	7259
	7350 MANATEE AVE WEST
	Williamsburg
	VA

	3133
	3655 NAMEOKI ROAD
	Bellingham
	WA

	4188
	5000 23RD AVE
	Charleston
	WV

	4736
	401 GOVERNOR PLACE
	Casper
	WY

	2306
	1531RIO ROAD E
	Gadsden
	AL

	1169
	1601 ARDEN WAY
	Chandler
	AZ

	1078
	EAST MESA S/C
	Mesa/East
	AZ

	1708
	2300 HILLTOP MALL ROAD
	Phoenix-Desert Sky
	AZ

	2047
	275 KAAHUMANU AVE #1000
	Sierra Vista
	AZ

	2078
	2310 E KANSAS AVE
	Yuma
	AZ

	1318
	7701 1-40 W STE 400
	Bakersfield
	CA

	1518
	200 PARK CITY CTR
	Cerritos
	CA

	1388
	1251 US HIGHWAY 31 N
	Costa Mesa
	CA

	1988
	350 HOLLY HILL MALL
	El Centro
	CA

	1408
	6929 WILLIAMS ROAD
	Florin
	CA

	2298
	3404 W 13TH ST
	Merced
	CA

	1618
	10000 COORS BYPASS NW
	Modesto
	CA

	1998
	1001 BARNES CROSSING ROAD
	Montebello
	CA

	
				
	1019
	9565 W ATLANTIC BLVD; CORAL SQ MALL
	Pleasanton
	CA

	1658
	100 SANTA ROSA PLZ
	Santa Rosa
	CA

	1131
	901 N FEDERAL HWY
	Centennial
	CO

	1071
	2050 SOUTHGATE ROAD
	Lakewood
	CO

	1134
	2727 FAIRFIELD COMMONS BLVD
	Milford
	CT

	1193
	7902 CITRUS PARK TOWN CTR
	Waterford
	CT

	2565
	1602 STATE ROAD 50
	Bradenton
	FL

	1955
	121 NE HAMPE WAY
	Lakeland
	FL

	2245
	428 SW C AVE
	Melbourne
	FL

	2056
	757 E LEWIS & CLARK PKWY
	Mry Est/Ft Wltn Bch
	FL

	1006
	101 N RANGELINE ROAD
	Ocala
	FL

	2805
	PANAMA CITY MALL
	Panama City
	FL

	1229
	2 OAK BROOK CTR
	Boise
	ID

	1740
	SEARS GRAND THORNTON
	Joliet
	IL

	1470
	7330 OLD WAKE FOREST ROAD
	Greenwood
	IN

	2600
	1400 UNION TPKE
	Terre Haute
	IN

	2546
	1850 APPLE BLOSSOM DR
	Bowling Green
	KY

	1790
	4807 OUTER LOOP
	Louisville-Okolona
	KY

	1403
	11200 LAKELINE MALL DR
	Natick
	MA

	2034
	LA CUMBRE PLZ
	Bowie
	MD

	1844
	10300 LITTLE PATUXENT PARKWAY
	Columbia
	MD

	2963
	400 N CENTER ST
	Westminster
	MD

	1390
	6910 FAYETTEVILLE ROAD STE 400
	Ann Arbor
	MI

	1250
	4310 BUFFALO GAP ROAD
	Lincoln Park
	MI

	1112
	12431 WAYZATA BLVD
	Minnetonka
	MN

	1052
	436 MAIN ST
	St Paul
	MN

	1405
	CROSS CREEK MALL
	Fayetteville
	NC

	2225
	1300 ULSTER AVE
	Goldsboro
	NC

	1646
	RT 66 AND 35
	Pineville
	NC

	2663
	52 WINCHESTER BLVD; SUITE A
	Portsmouth
	NH

	1464
	1750 DEPTFOROAD CENTER ROAD
	Deptford
	NJ

	1574
	2561 EL CAMINO REAL
	Middletown
	NJ

	1287
	100 CAMBRIDGESIDE PL
	Coronado
	NM

	1709
	4807 OUTER LOOP
	Henderson
	NV

	1004
	7424 DODGE ST
	Garden City
	NY

	2584
	1631 E EMPIRE ST
	Lakewood
	NY

	1414
	9605 QUEENS BLVD
	Nanuet
	NY

	1944
	JEFFERSON VALLEY MALL
	Yorktown Hts
	NY

	1564
	5320 YOUNGSTOWN ROAD
	Niles
	OH

	
				
	2311
	GREELEY MALL
	Norman
	OK

	1151
	1305 AIRLINE ROAD
	Tulsa Woodland Hls
	OK

	2119
	1155 CARLISLE STREET; SUITE 5
	Salem(Lancaster)
	OR

	1079
	5053 TUTTLE CROSSING BLVD
	Washington Sq
	OR

	1454
	98-180 KAMEHAMEHA HIGHWAY
	Bensalem/Crnwls Hts
	PA

	2124
	MALL DEL NORTE
	Dubois
	PA

	1064
	2310 SW MILITARY DR
	Langhrn/Oxford Vly
	PA

	1115
	7700 E KELLOGG DR
	Chattanooga
	TN

	2335
	AVE JESUS T PINERO 4010
	Clarksville
	TN

	1146
	WOLFCHASE GALLERIA
	Cordova
	TN

	1395
	901 E. DIMOND
	West Town
	TN

	1137
	POMPANO FASHION SQ / 2251 N FEDERAL HWY
	Austin
	TX

	1357
	2901 S CAPITOL OF TEXAS HWY
	Austin/Barton Creek
	TX

	1080
	18777 E 39TH ST S
	Frisco
	TX

	2537
	1262 VOCKE ROAD
	Harlingen
	TX

	1277
	3450 S MARYLAND PKWY
	Ingram
	TX

	2147
	MARQUETTE S/C
	Irving
	TX

	1247
	6002 SLIDE ROAD
	Lubbock
	TX

	1227
	1101 MELBOURNE ROAD STE 7000
	Southwest Ctr
	TX

	2617
	1802 WEST LAWRENCE AVE
	Victoria
	TX

	1575
	1555 KAPIOLANI BLVD
	Hampton
	VA

	2330
	150 PEARL NIX PKWY
	Puyallup
	WA

	2304
	VALLEY VIEW MALL
	Westover/Morgantown
	WV

	2341
	STATE ROAD 149 & STATE ROAD 584
	Casper
	WY

SCHEDULE 1.08
SECONDARY SPECIFIED STORE CLOSING LOCATIONS

	
						
	Store
	Format
	City
	State
	Owned/Leased
	Lease End Date

	1424
	Sears
	BETHESDA
	MD
	Lease
	3/31/2019

	3527
	Kmart
	PHILADELPHIA
	PA
	Lease
	11/30/2020

	3896
	Kmart
	SAN GERMAN
	PR
	Lease
	9/30/2021

	4490
	Kmart
	SAN JUAN
	PR
	Lease
	1/31/2024

	4858
	Kmart
	CAGUAS
	PR
	Lease
	10/31/2063

	2156
	Sears
	MARYVILLE
	TN
	Lease
	3/8/2023

	2290
	Sears
	MICHIGAN CITY
	IN
	Owned
	Owned

	4048
	Kmart
	SPRINGFIELD
	IL
	Owned
	Owned

	1027
	Sears
	EL PASO
	TX
	Owned
	Owned

	1315
	Sears
	CHATTANOOGA
	TN
	Owned
	Owned

	4395
	Kmart
	CUDAHY
	WI
	Owned
	Owned

	1043
	Sears
	MERIDEN
	CT
	Owned
	Owned

	1065
	Sears
	GLEN ALLEN
	VA
	Owned
	Owned

	2040
	Sears
	BATTLE CREEK
	MI
	Owned
	Owned

	2819
	Sears
	FAIRBANKS
	AK
	Owned
	Owned

	1216
	Sears
	MEMPHIS
	TN
	Owned
	Owned

	1130
	Sears
	JANESVILLE
	WI
	Ground Lease
	10/14/2022

	1166
	Sears
	MERIDIAN
	MS
	Ground Lease
	10/10/2022

	1375
	Sears
	WINSTON SALEM
	NC
	Lease
	---

	1484
	Sears
	READING
	PA
	Lease
	2/8/2020

	1755
	Sears
	BOYNTON BEACH
	FL
	Lease
	8/31/2021

	1768
	Sears
	PHOENIX
	AZ
	Lease
	10/23/2020

	1828
	Sears
	LAS VEGAS
	NV
	Ground Lease
	7/31/2024

	2001
	Sears
	PIQUA
	OH
	Ground Lease
	10/19/2019

	2074
	Sears
	STROUDSBURG
	PA
	Lease
	7/30/2019

	2106
	Sears
	TUPELO
	MS
	Lease
	3/6/2020

	2138
	Sears
	SANTA BARBARA
	CA
	Lease
	6/30/2024

	2173
	Sears
	SARATOGA SPGS
	NY
	Lease
	7/17/2020

	2226
	Sears
	MURFREESBORO
	TN
	Lease
	5/12/2022

	2278
	Sears
	IDAHO FALLS
	ID
	Lease
	7/30/2020

	2315
	Sears
	JENSEN BEACH
	FL
	Lease
	9/1/2019

	2421
	Sears
	GRAND ISLAND
	NE
	Lease
	7/31/2029

	2683
	Sears
	WATERTOWN
	NY
	Lease
	8/31/2021

	2807
	Sears
	ROCK HILL
	SC
	Lease
	4/7/2021

	3371
	Kmart
	CHICAGO
	IL
	Lease
	9/30/2022

	3380
	Kmart
	WATERVILLE
	ME
	Lease
	1/31/2021

	3828
	Kmart
	TEMECULA
	CA
	Ground Lease
	11/30/2021

	
						
	4064
	Kmart
	NORTH VERSAILLES
	PA
	Lease
	2/28/2024

	2557
	Sears
	LONGVIEW
	TX
	Lease
	4/30/2020

	9381
	Kmart
	HUNTINGTON
	NY
	Lease
	4/30/2026

SCHEDULE 1.09 
GO FORWARD STORES
	
						
	Count
	Store Number
	Banner
	State
	Address
	Zip Code

	1
	2027
	Sears
	AK
	1000 S Seward Meridian Rd
	99654

	2
	2126
	Sears
	AR
	4501 Central Ave Ste 101
	71913

	3
	1206
	Sears
	AR
	3930 Mccain Blvd
	72116

	4
	1798
	Sears
	AZ
	7780 W Arrowhead Towne Ctr
	85308

	5
	3707
	Kmart
	AZ
	1870 Mc Cullouch Blvd
	86403

	6
	2218
	Sears
	AZ
	3400 Gateway Blvd
	86303

	7
	1728
	Sears
	AZ
	4570 N Oracle Rd
	85705

	8
	4996
	Kmart
	AZ
	7055 E Broadway St
	85710

	9
	3699
	Kmart
	CA
	20777 Bear Valley Road
	92308

	10
	7619
	Kmart
	CA
	3980 El Camino Real
	93422

	11
	9608
	Kmart
	CA
	2505 Bell Rd
	95603

	12
	1018
	Sears
	CA
	3755 Santa Rosalia Dr
	90008

	13
	7653
	Kmart
	CA
	42126 Big Bear Blvd
	92315

	14
	7756
	Kmart
	CA
	1200 N Main St
	93514

	15
	1008
	Sears
	CA
	2650 E Olympic Blvd
	90023

	16
	1268
	Sears
	CA
	8150 La Palma Ave
	90620

	17
	1838
	Sears
	CA
	111 E Magnolia Blvd
	91502

	18
	3834
	Kmart
	CA
	1000 San Fernando Road
	91504

	19
	7165
	Kmart
	CA
	940 Arneill Rd
	93010

	20
	1678
	Sears
	CA
	2561 El Camino Real
	92008

	21
	3086
	Kmart
	CA
	2155 Pillsbury Rd
	95926

	22
	1358
	Sears
	CA
	565 Broadway
	91910

	23
	1098
	Sears
	CA
	1140 Shaw Ave
	93612

	24
	7098
	Kmart
	CA
	5100 Clayton Road
	94521

	25
	4047
	Kmart
	CA
	2200 Harbor Blvd
	92627

	26
	2628
	Sears
	CA
	3300 Broadway
	95501

	27
	3725
	Kmart
	CA
	1702 Freedom Boulevard
	95019

	28
	1208
	Sears
	CA
	3636 N Blackstone Ave
	93726

	29
	1088
	Sears
	CA
	236 N Central Ave
	91203

	30
	9746
	Kmart
	CA
	111 W Mc Knight Way
	95949

	31
	1248
	Sears
	CA
	660 W Winton Ave
	94545

	32
	2028
	Sears
	CA
	2200 W Florida Ave
	92545

	33
	3748
	Kmart
	CA
	491 Tres Pinos Road
	95023

	34
	4819
	Kmart
	CA
	2019 South Main
	95453

	35
	9328
	Kmart
	CA
	2900 Bellflower Blvd
	90815

	36
	7390
	Kmart
	CA
	1500 Anna Sparks Way
	95521

	37
	1748
	Sears
	CA
	5080 Montclair Plz Ln
	91763

	38
	1868
	Sears
	CA
	22550 Town Cir
	92553

	39
	1168
	Sears
	CA
	12121 Victory Blvd
	91606

	40
	4421
	Kmart
	CA
	13007 Sherman Way
	91605

	41
	1508
	Sears
	CA
	9301 Tampa Ave
	91324

	42
	3842
	Kmart
	CA
	175 Maag Avenue
	95361

	43
	1968
	Sears
	CA
	72-880 Hwy 111
	92260

	44
	9551
	Kmart
	CA
	6600 Clark Road
	95969

	45
	3501
	Kmart
	CA
	261 N Mc Dowell Blvd
	94954

	
						
	46
	3678
	Kmart
	CA
	1855 Main Street
	92065

	47
	1818
	Sears
	CA
	8250 Day Creek Blvd
	91739

	48
	4349
	Kmart
	CA
	1155 Veteran'S Blvd
	94063

	49
	1788
	Sears
	CA
	2300 Hilltop Mall Rd
	94806

	50
	1298
	Sears
	CA
	5261 Arlington Ave
	92504

	51
	7175
	Kmart
	CA
	7840 Limonite Ave
	92509

	52
	1688
	Sears
	CA
	1700 N Main St
	93906

	53
	3412
	Kmart
	CA
	1050 North Davis Road
	93907

	54
	1398
	Sears
	CA
	100 Inland Ctr
	92408

	55
	1478
	Sears
	CA
	1178 El Camino Real
	94066

	56
	1488
	Sears
	CA
	2180 Tully Rd
	95122

	57
	2088
	Sears
	CA
	200 Town Ctr E
	93454

	58
	7639
	Kmart
	CA
	895 Faukner Road
	93060

	59
	9797
	Kmart
	CA
	270 Mt Hermon Rd
	95066

	60
	9153
	Kmart
	CA
	1056 Emerald Bay Rd
	96150

	61
	3174
	Kmart
	CA
	2180 E Mariposa Rd
	95205

	62
	4751
	Kmart
	CA
	710 West Tehachapi
	93561

	63
	1108
	Sears
	CA
	40710 Winchester Rd
	92591

	64
	3127
	Kmart
	CA
	5665 N Rosemead Blvd
	91780

	65
	1278
	Sears
	CA
	22100 Hawthorn Blvd
	90503

	66
	2059
	Sears
	CA
	3350 Naglee Rd
	95304

	67
	1148
	Sears
	CA
	3295 E Main St
	93003

	68
	2829
	Sears
	CA
	14420 Bear Valley Rd
	92392

	69
	2068
	Sears
	CA
	3501 S Mooney Blvd
	93277

	70
	1189
	Sears
	CA
	1209 Plz Dr
	91790

	71
	3235
	Kmart
	CA
	730 South Orange
	91790

	72
	1149
	Sears
	CA
	15600 Whittwood Ln
	90603

	73
	2238
	Sears
	CA
	1235 Colusa Ave
	95991

	74
	1141
	Sears
	CO
	14200 E Alameda Ave
	80012

	75
	1221
	Sears
	CO
	1650 Briargate Blvd
	80920

	76
	1111
	Sears
	CO
	2050 Southgate Rd
	80906

	77
	1467
	Sears
	CO
	205 E Foothills Pkwy
	80525

	78
	7329
	Kmart
	CO
	2665 W Eisenhower
	80537

	79
	4453
	Kmart
	CO
	3415 N Elizabeth St
	81008

	80
	1303
	Sears
	CT
	7 Backus Ave (Ex 3 Rt 84)
	6810

	81
	3216
	Kmart
	CT
	295 Hartford Turnpike
	6066

	82
	7109
	Kmart
	CT
	595 Straits Turnpike
	6795

	83
	4807
	Kmart
	DE
	301 Governor Place
	19701

	84
	7725
	Kmart
	DE
	19563 Coastal Hwy, Unit A
	19971

	85
	3873
	Kmart
	DE
	4700 Limestone Road
	19808

	86
	3317
	Kmart
	FL
	1401 W Palmetto Park Rd
	33486

	87
	7321
	Kmart
	FL
	7321 Manatee Ave West
	34209

	88
	1007
	Sears
	FL
	686 Brandon Town Center Mall
	33511

	89
	2485
	Sears
	FL
	13085 Cortez Blvd
	34613

	90
	1125
	Sears
	FL
	3655 Sw 22Nd St
	33145

	91
	1075
	Sears
	FL
	1700 W Intl Speedway Blvd
	32114

	92
	4893
	Kmart
	FL
	6126 Highway 301
	34222

	93
	1195
	Sears
	FL
	901 N Federal Hwy
	33304

	94
	1495
	Sears
	FL
	4125 Cleveland Ave Suite 88
	33901

	
						
	95
	1345
	Sears
	FL
	1625 W 49Th St
	33012

	96
	3818
	Kmart
	FL
	3800 Oakwood Blvd
	33020

	97
	9614
	Kmart
	FL
	101399 Overseas Highway
	33037

	98
	2215
	Sears
	FL
	3200 N Roosevelt Blvd
	33040

	99
	4725
	Kmart
	FL
	2928 North Roosevelt Blvd
	33040

	100
	3269
	Kmart
	FL
	1201 S Dixie
	33462

	101
	2745
	Sears
	FL
	10401 Us Highway 441 Ste 2002
	34788

	102
	9224
	Kmart
	FL
	5561 Overseas Hwy
	33050

	103
	3074
	Kmart
	FL
	14091 S W  88Th St
	33186

	104
	4728
	Kmart
	FL
	3825 7Th Street North W
	33126

	105
	1365
	Sears
	FL
	20701 Sw 112Th Ave
	33189

	106
	1456
	Sears
	FL
	1360 Oviedo Blvd
	32765

	107
	1775
	Sears
	FL
	12055 Pines Blvd
	33026

	108
	2145
	Sears
	FL
	1441 Tamiami Trl
	33948

	109
	2135
	Sears
	FL
	901 Us  27 N Ste 130
	33870

	110
	4355
	Kmart
	FL
	4501 66Th Street N
	33709

	111
	1585
	Sears
	FL
	1500 Apalachee Pkwy
	32301

	112
	1745
	Sears
	FL
	347 Westshore Plz
	33609

	113
	1066
	Sears
	FL
	10302 Southside Blvd
	32256

	114
	7294
	Kmart
	FL
	1501 U S 1
	32960

	115
	2505
	Sears
	GA
	150 Pearl Nix Pkwy
	30501

	116
	1578
	Sears
	HI
	98-180 Kamehameha Hwy
	96701

	117
	2388
	Sears
	HI
	111 E Puainako St
	96720

	118
	1681
	Sears
	HI
	1505 Kapioloni Blvd
	96815

	119
	1738
	Sears
	HI
	46-056 Kamehameha Hwy
	96744

	120
	9220
	Kmart
	IA
	1501 Hwy 169 N
	50511

	121
	7767
	Kmart
	IA
	1405 South Grand
	50616

	122
	2422
	Sears
	IA
	4480 Sergeant Rd
	51106

	123
	7033
	Kmart
	ID
	1815-21St St
	83501

	124
	7006
	Kmart
	ID
	2258 Addison Ave East
	83301

	125
	4381
	Kmart
	IL
	7325 W 79Th Street
	60455

	126
	4214
	Kmart
	IL
	1155 Oakton St
	60018

	127
	1640
	Sears
	IL
	235 Saint Clair Sq
	62208

	128
	1212
	Sears
	IL
	7503 W Cermak Rd
	60546

	129
	1300
	Sears
	IL
	2 Oakbrook Ctr
	60523

	130
	2990
	Sears
	IL
	7200 Harrison Ave
	61112

	131
	9124
	Kmart
	IN
	1519 State Road 37 S
	46036

	132
	7243
	Kmart
	IN
	705 North Dixon
	46901

	133
	9030
	Kmart
	IN
	11 Sherwood Square
	46970

	134
	7246
	Kmart
	IN
	3150 National Road West
	47374

	135
	7042
	Kmart
	IN
	2801 Calumet Ave
	46383

	136
	9122
	Kmart
	IN
	3350 U S 30 East
	46580

	137
	1161
	Sears
	KS
	7700 E Kellogg Dr
	67207

	138
	3029
	Kmart
	KY
	3071 Dixie Hwy
	41018

	139
	7255
	Kmart
	KY
	411 Russell Dyche Hwy
	42501

	140
	1226
	Sears
	LA
	4400 Veterans Mem Blvd
	70006

	141
	4810
	Kmart
	LA
	2940 Veterans Blvd
	70002

	142
	7104
	Kmart
	MA
	252 Main St
	1720

	143
	1213
	Sears
	MA
	385 Southbridge St
	1501

	
						
	144
	3288
	Kmart
	MA
	484 Boston Rd
	1821

	145
	1283
	Sears
	MA
	250 Granite St
	2184

	146
	4407
	Kmart
	MA
	2001 Main Street
	2301

	147
	1243
	Sears
	MA
	1775 Washington St
	2339

	148
	3040
	Kmart
	MA
	768 Iyanough Rd
	2601

	149
	1133
	Sears
	MA
	100 Commercial Rd
	1453

	150
	2373
	Sears
	MA
	100 N Dartmouth Mall
	2747

	151
	9255
	Kmart
	MA
	Wilbraham Road (Sr 20)
	1069

	152
	1053
	Sears
	MA
	1325 Broadway
	1906

	153
	3486
	Kmart
	MA
	77 Middlesex Ave
	2145

	154
	9692
	Kmart
	MA
	Route 12
	1570

	155
	1725
	Sears
	MD
	1040 Annapolis Mall
	21401

	156
	3256
	Kmart
	MD
	8980 Waltham Woods Rd
	21234

	157
	1374
	Sears
	MD
	658 Baltimore Pike
	21014

	158
	2774
	Sears
	MD
	1262 Vocke Rd
	21502

	159
	7713
	Kmart
	MD
	3207 Solomons Island Rd
	21037

	160
	2664
	Sears
	MD
	5500 Buckeystown Pike
	21703

	161
	3131
	Kmart
	MD
	1003 W Patrick St
	21702

	162
	1754
	Sears
	MD
	701 Russell Ave
	20877

	163
	1013
	Sears
	MD
	7900 Gov Ritchie Hwy
	21061

	164
	3172
	Kmart
	MD
	1713 Massey Blvd
	21740

	165
	3798
	Kmart
	MD
	6411 Riggs Road
	20783

	166
	1773
	Sears
	MD
	2306 N Salisbury Blvd
	21801

	167
	4399
	Kmart
	MD
	14014 Connecticut Ave
	20906

	168
	7673
	Kmart
	MD
	200 Kent Landing
	21666

	169
	3021
	Kmart
	ME
	603 Center St
	4210

	170
	7133
	Kmart
	ME
	58 Western Avenue
	4330

	171
	2203
	Sears
	ME
	8 Gurnet Rd
	4011

	172
	3155
	Kmart
	MI
	2095 Rawsonville Rd
	48111

	173
	9557
	Kmart
	MI
	2425 S Grayling
	49738

	174
	3819
	Kmart
	MI
	802 West State Street
	49058

	175
	1170
	Sears
	MI
	3131 E Michigan Ave
	48912

	176
	3841
	Kmart
	MI
	15861 Michigan Avenue
	49068

	177
	7031
	Kmart
	MI
	1101-7Th Ave
	49858

	178
	7068
	Kmart
	MI
	1820 S Saginaw Rd
	48640

	179
	9593
	Kmart
	MI
	5719 N US 23
	48750

	180
	3379
	Kmart
	MI
	5100 Dixie Hwy
	48329

	181
	1722
	Sears
	MN
	2000 N E Court
	55425

	182
	9689
	Kmart
	MN
	1606 Hwy 11-71
	56649

	183
	3405
	Kmart
	MN
	10 W Lake Street
	55408

	184
	4351
	Kmart
	MN
	201 Ninth St S E
	55904

	185
	3059
	Kmart
	MN
	245 E Maryland Ave
	55117

	186
	9353
	Kmart
	MO
	155 Twin City Mall
	63019

	187
	9520
	Kmart
	MS
	12057-A Highway 49
	39503

	188
	9808
	Kmart
	MT
	1235 North First Street
	59840

	189
	7030
	Kmart
	MT
	2024 Us Hwy 2 E
	59901

	190
	3886
	Kmart
	NC
	980 Brevard Road
	28806

	191
	2105
	Sears
	NC
	100 Colonial Mall
	27215

	192
	7208
	Kmart
	NC
	2455 Lewisville-Clemmon
	27012

	
						
	193
	1475
	Sears
	NC
	6910 Fayetteville Rd Ste 400
	27713

	194
	1045
	Sears
	NC
	1620 Guess Rd
	27701

	195
	1335
	Sears
	NC
	3200 W Friendly Ave
	27408

	196
	2755
	Sears
	NC
	344 Jacksonville Mall
	28546

	197
	3744
	Kmart
	NC
	1091 N Croatan Highway
	27948

	198
	9619
	Kmart
	NC
	4841 Arendell St
	28557

	199
	9549
	Kmart
	NC
	110-112 Bost Rd
	28655

	200
	3667
	Kmart
	NC
	8701 Six Forks Road
	27615

	201
	7626
	Kmart
	NC
	1300 Dellwood Road
	28786

	202
	4272
	Kmart
	ND
	2625 State St
	58503

	203
	4057
	Kmart
	ND
	2301 S University Dr
	58103

	204
	4022
	Kmart
	ND
	1900 S Washington St
	58201

	205
	4353
	Kmart
	ND
	1-20Th Ave S E
	58701

	206
	9319
	Kmart
	NE
	1515 W 3Rd
	69301

	207
	1041
	Sears
	NE
	7424 Dodge St
	68114

	208
	2023
	Sears
	NH
	270 Loudon Rd
	3301

	209
	3175
	Kmart
	NH
	1267 Hooksett Rd
	3106

	210
	1313
	Sears
	NH
	310 Daniel Webster Hwy Ste 102
	3060

	211
	4448
	Kmart
	NH
	161 S Broadway
	3079

	212
	7048
	Kmart
	NH
	200 S Main
	3784

	213
	3438
	Kmart
	NJ
	1550 St George Ave
	7001

	214
	7177
	Kmart
	NJ
	371-411 Main Street
	7109

	215
	1204
	Sears
	NJ
	3710 US Hwy 9 Ste 1100
	7728

	216
	3499
	Kmart
	NJ
	200 Passaic Ave
	7032

	217
	9463
	Kmart
	NJ
	250 New Rd (Rt 9)
	8244

	218
	3071
	Kmart
	NJ
	213 Highway 37 E
	8753

	219
	4478
	Kmart
	NJ
	1061 Whitehorse-Mercervil
	8610

	220
	7602
	Kmart
	NJ
	1825 Highway 35
	7719

	221
	1434
	Sears
	NJ
	50 Route 46
	7470

	222
	3056
	Kmart
	NJ
	1020 Hamburg Turnpike
	7470

	223
	4470
	Kmart
	NJ
	108 Monmouth Rd
	7764

	224
	9413
	Kmart
	NJ
	235 Prospect Ave
	7052

	225
	3202
	Kmart
	NJ
	700 Broadway
	7675

	226
	1684
	Sears
	NJ
	150 Woodbridge Ctr Ct
	7095

	227
	2597
	Sears
	NM
	4601 E Main St
	87402

	228
	7035
	Kmart
	NM
	3000 East Main St
	87402

	229
	7016
	Kmart
	NM
	2220 North Grimes St
	88240

	230
	2527
	Sears
	NM
	700 S Telshor Blvd
	88011

	231
	3301
	Kmart
	NM
	1712 St Michael'S Dr
	87505

	232
	3592
	Kmart
	NV
	5051 E Bonanza Rd
	89110

	233
	1328
	Sears
	NV
	3450 S Maryland Pkwy
	89109

	234
	1668
	Sears
	NV
	4000 Meadow Ln
	89107

	235
	9589
	Kmart
	NY
	Plaza 15  Route 415
	14810

	236
	3862
	Kmart
	NY
	5151 Sunrise Hwy
	11716

	237
	9423
	Kmart
	NY
	2044 Montauk Hwy
	11932

	238
	7654
	Kmart
	NY
	300 Baychester Avenue
	10475

	239
	9420
	Kmart
	NY
	1998 Bruckner Blvd
	10473

	240
	3415
	Kmart
	NY
	1001 Hertel Avenue
	14216

	241
	1984
	Sears
	NY
	S 3701 Mckinley Pkwy
	14219

	
						
	242
	4871
	Kmart
	NY
	2280 North Ocean Ave.
	11738

	243
	9274
	Kmart
	NY
	West Main St R D #1
	12834

	244
	7065
	Kmart
	NY
	1020 Center Street
	14845

	245
	2744
	Sears
	NY
	3300 Chambers Rd
	14845

	246
	1404
	Sears
	NY
	800 Sunrise Mall
	11758

	247
	4034
	Kmart
	NY
	2803 Brewerton Rd
	13211

	248
	7749
	Kmart
	NY
	250 W 34Th St
	10119

	249
	7777
	Kmart
	NY
	770 Broadway
	10003

	250
	2593
	Sears
	NY
	1401 Route 300
	12550

	251
	1894
	Sears
	NY
	10 Miracle Mile Dr
	14623

	252
	7676
	Kmart
	NY
	171 Delaware Ave
	13838

	253
	1624
	Sears
	NY
	283 Platinum Ave
	10314

	254
	7677
	Kmart
	NY
	121 Bolivar Rd
	14895

	255
	1674
	Sears
	NY
	100 Main St
	10601

	256
	9416
	Kmart
	NY
	399 Tarrytown Rd
	10607

	257
	1733
	Sears
	NY
	Rte 87(Ny St)  & Cross Ct Pkwy
	10704

	258
	9414
	Kmart
	NY
	Rte 118, 355 Downing Dr
	10598

	259
	7383
	Kmart
	OH
	241 Wooster Rd North
	44203

	260
	3286
	Kmart
	OH
	3301 Center Rd
	44212

	261
	1410
	Sears
	OH
	4100 Belden Village Mall
	44718

	262
	1810
	Sears
	OH
	4595 Eastgate Blvd
	45245

	263
	3013
	Kmart
	OH
	7701 Broadview Road
	44131

	264
	9096
	Kmart
	OH
	620 Plaza Dr
	44830

	265
	7397
	Kmart
	OH
	2400 Stringtown Road
	43123

	266
	7644
	Kmart
	OH
	10560 Harrison Avenue
	45030

	267
	1081
	Sears
	OH
	771 S 30Th St
	43056

	268
	7477
	Kmart
	OH
	502 Pike Street
	45750

	269
	3243
	Kmart
	OH
	1447 N Main St
	44720

	270
	1210
	Sears
	OH
	1400 Polaris Pkwy
	43240

	271
	2104
	Sears
	OH
	Banfield Rd & I-70
	43950

	272
	3142
	Kmart
	OH
	555 South Ave
	44278

	273
	4782
	Kmart
	OK
	2501 Redwheat Drive
	73601

	274
	3839
	Kmart
	OR
	400 North East Circle Blv
	97330

	275
	2179
	Sears
	OR
	501 Medford Ctr
	97504

	276
	3888
	Kmart
	OR
	2640 West Sixth St
	97058

	277
	2494
	Sears
	PA
	5580 Goods Lane Suite 1005
	16602

	278
	9161
	Kmart
	PA
	1520 W Front St
	18603

	279
	1711
	Sears
	PA
	3505 Capitol Hill City Mall Dr
	17011

	280
	3225
	Kmart
	PA
	1005 Wayne Ave
	17201

	281
	7293
	Kmart
	PA
	713 E Baltimore Pike
	19018

	282
	3911
	Kmart
	PA
	3975 Columbia Ave
	17512

	283
	3737
	Kmart
	PA
	4377 Route 313
	18901

	284
	7192
	Kmart
	PA
	320 South 25Th Street
	18042

	285
	3266
	Kmart
	PA
	U S Route 11 Mark Plaza
	18704

	286
	3963
	Kmart
	PA
	1605 South Market Street
	17022

	287
	9662
	Kmart
	PA
	1127 S State St
	17522

	288
	4113
	Kmart
	PA
	2873 W 26Th Street
	16506

	289
	1073
	Sears
	PA
	222 Exton Square Mall
	19341

	290
	1714
	Sears
	PA
	5256 Route 30
	15601

	
						
	291
	3597
	Kmart
	PA
	600 Macdade Blvd
	19043

	292
	1644
	Sears
	PA
	200 Park City Ctr
	17601

	293
	7699
	Kmart
	PA
	1745 Quentin
	17042

	294
	7372
	Kmart
	PA
	451 Hude Park Road
	15656

	295
	1654
	Sears
	PA
	1067 W Baltimore Pike
	19063

	296
	7083
	Kmart
	PA
	2650 Ellwood Rd
	16101

	297
	1834
	Sears
	PA
	600 Montgomery Mall
	19454

	298
	3136
	Kmart
	PA
	1 Parkside Ave
	19607

	299
	4713
	Kmart
	PA
	Rt #6 Brandford Town Ctr
	18848

	300
	3954
	Kmart
	PA
	400 North Best Ave
	18088

	301
	2114
	Sears
	PA
	1500 W Chestnut St
	15301

	302
	7374
	Kmart
	PA
	985 Paoli Pike
	19380

	303
	1154
	Sears
	PA
	1259 Whitehall Mall
	18052

	304
	3268
	Kmart
	PA
	910 Wilkes Barre Twp Blvd
	18702

	305
	3390
	Kmart
	PA
	1915 E Third St
	17701

	306
	3810
	Kmart
	PA
	2600 N Willow Street Pike
	17584

	307
	3949
	Kmart
	PA
	803 Male Rd
	18091

	308
	4732
	Kmart
	PR
	Road 2 Km 126.5
	605

	309
	7566
	Kmart
	PR
	State Road 2 Km 80.2
	612

	310
	7570
	Kmart
	PR
	Plaza Rio Hondo & Comerio Ave
	961

	311
	7788
	Kmart
	PR
	Pr 167 & Las Cumbres
	957

	312
	1085
	Sears
	PR
	Intsctn St Rd Pr 1 & Pr 156
	725

	313
	7419
	Kmart
	PR
	Rafael Cordero & Hwy 30
	725

	314
	1925
	Sears
	PR
	Carolina S/C
	988

	315
	7665
	Kmart
	PR
	65Th Infantry Ave
	985

	316
	7446
	Kmart
	PR
	Carr Rt #1 - Km 106
	736

	317
	2085
	Sears
	PR
	State Rd 3
	738

	318
	9394
	Kmart
	PR
	Eastern Reg'l S/C; State Road #3
	738

	319
	2675
	Sears
	PR
	Road 3 Km.L34.7
	784

	320
	3853
	Kmart
	PR
	Puerto Rico Hwy 3
	784

	321
	7768
	Kmart
	PR
	Pr 20 And Esmeralda
	969

	322
	2355
	Sears
	PR
	506 Calle Truncado
	659

	323
	1905
	Sears
	PR
	Ave F D Roosevelt
	918

	324
	7783
	Kmart
	PR
	Pr #22 & Pr #18
	918

	325
	3993
	Kmart
	PR
	State Rd 149&State Rd 584
	795

	326
	1935
	Sears
	PR
	975 Hostos Ave Ste 110
	680

	327
	3882
	Kmart
	PR
	Pr Rte #2; Km 149.5
	680

	328
	2385
	Sears
	PR
	El Mercado Plaza
	782

	329
	1945
	Sears
	PR
	Plaza Del Caribe 2050 (Rd 2)
	731

	330
	7741
	Kmart
	PR
	2643 Ponce Bypass
	728

	331
	4844
	Kmart
	PR
	9410 Ave Los Romeros
	926

	332
	4494
	Kmart
	PR
	200 Carr 181
	976

	333
	7784
	Kmart
	PR
	Carr 2, Estatal, Plaza Caribe Mall
	692

	334
	7752
	Kmart
	PR
	Sr 128 @ Sr 2 Km 0.5
	698

	335
	4016
	Kmart
	SC
	Church St Extension
	29605

	336
	7616
	Kmart
	SC
	748 W Main Street
	29072

	337
	7062
	Kmart
	SC
	1143 Broad St
	29150

	338
	4141
	Kmart
	SC
	1500 Charleston Hwy
	29169

	339
	4170
	Kmart
	SD
	1111 E North St
	57701

	
						
	340
	1386
	Sears
	TN
	1000 Rivergate Pkwy
	37072

	341
	2036
	Sears
	TN
	2021 N Highland Ave
	38305

	342
	2265
	Sears
	TN
	2011 N Roan St
	37601

	343
	9621
	Kmart
	TN
	1443 W Main St
	37087

	344
	9735
	Kmart
	TN
	217 Forks Of River Pkwy
	37862

	345
	1387
	Sears
	TX
	7701 1-40 W
	79121

	346
	2487
	Sears
	TX
	2000 Killeen Mall
	76543

	347
	4389
	Kmart
	TX
	1801 South 10Th Street
	78503

	348
	1629
	Sears
	TX
	500 N. Jackson Road
	78577

	349
	2637
	Sears
	TX
	3100 FM 365
	77642

	350
	1207
	Sears
	TX
	201 S Plano Rd
	75081

	351
	1097
	Sears
	TX
	2310 Sw Military Dr
	78224

	352
	1127
	Sears
	TX
	4000 N Shepherd Dr
	77018

	353
	1367
	Sears
	TX
	6001 W Waco Dr
	76710

	354
	9794
	Kmart
	UT
	785 S Bluff
	84770

	355
	1284
	Sears
	VA
	5901 Duke St
	22304

	356
	2435
	Sears
	VA
	1531Rio Rd E
	22901

	357
	3471
	Kmart
	VA
	2001 South Military Hwy
	23320

	358
	1274
	Sears
	VA
	11500 Midlothian Tpke
	23235

	359
	1024
	Sears
	VA
	6211 Leesburg Pike
	22044

	360
	2694
	Sears
	VA
	100 Spotsylvania Mall
	22407

	361
	2395
	Sears
	VA
	8200 Sudley Rd
	20109

	362
	3785
	Kmart
	VA
	5007 Victory Blvd
	23693

	363
	2784
	Sears
	VA
	1850 Apple Blossom Dr
	22601

	364
	7413
	Kmart
	VI
	Remainder Matriculate #1
	840

	365
	3972
	Kmart
	VI
	Sunny Isle S/C, Space #1
	820

	366
	3829
	Kmart
	VI
	26 - A Tutu Park Mall
	802

	367
	7793
	Kmart
	VI
	9000 Lockhart Gdns S/C; Ste 1
	802

	368
	1463
	Sears
	VT
	155 Dorest St
	5403

	369
	2299
	Sears
	WA
	1219 S Boone St
	98520

	370
	2049
	Sears
	WA
	1302 Se Everett Mall Way
	98208

	371
	2329
	Sears
	WA
	1321 N Columbia Center Blvd
	99336

	372
	7034
	Kmart
	WA
	2200 East Isaacs Ave
	99362

	373
	7648
	Kmart
	WI
	800 North Union
	53948

	374
	3692
	Kmart
	WI
	1450 Summit Avenue
	53066

	375
	3851
	Kmart
	WI
	5141 Douglas Ave
	53402

	376
	7649
	Kmart
	WI
	1200 West Fond Du Lac St
	54971

	377
	3750
	Kmart
	WI
	830 West Fulton St
	54981

	378
	4442
	Kmart
	WV
	6531 Mccorkle Avenue S E
	25304

	379
	3484
	Kmart
	WV
	I-79/Us 43 Crossings Mall
	25071

	380
	7139
	Kmart
	WY
	510 S Hwy 89
	83002

	381
	1915
	Sears
	PR
	Avenida Aguas Buenas
	959

	382
	1136
	Sears
	AL
	2500 Riverchase Galleria
	35244

	383
	2288
	Sears
	CA
	2600 Somersville Rd
	94509

	384
	1228
	Sears
	CA
	1601 Arden Way
	95815

	385
	1368
	Sears
	CA
	1001 Sunvalley Blvd
	94520

	386
	4857
	Kmart
	CA
	14011 Palm Drive
	92240

	387
	1309
	Sears
	CA
	500 Stonewood St
	90241

	388
	1758
	Sears
	CA
	210 E Via Rancho Pkwy
	92025

	
						
	389
	4457
	Kmart
	CA
	26231 Mission Blvd
	94544

	390
	1209
	Sears
	CA
	2100  N Bellflower Blvd
	90815

	391
	1378
	Sears
	CA
	2100 N Tustin St
	92865

	392
	1068
	Sears
	CA
	1345 W Avenue P
	93551

	393
	1048
	Sears
	CA
	3801 E Foothill Blvd
	91107

	394
	3368
	Kmart
	CA
	1625 W Redlands
	92373

	395
	4371
	Kmart
	CA
	2875 Santa Maria Way
	93455

	396
	1288
	Sears
	CA
	5110 Pacific Ave
	95207

	397
	1271
	Sears
	CO
	8501 W Bowles Ave
	80123

	398
	1281
	Sears
	CO
	3201 Dillon Dr
	81008

	399
	1831
	Sears
	CO
	16395 Washington St
	80023

	400
	1443
	Sears
	CT
	190 Buckland Hills Dr
	6040

	401
	1853
	Sears
	DE
	4737 Concord Pike
	19803

	402
	1055
	Sears
	FL
	9565 W Atlantic Blvd
	33071

	403
	3223
	Kmart
	FL
	200 Irwin N E
	32548

	404
	1175
	Sears
	FL
	777 E Merritt Island Cswy
	32952

	405
	1485
	Sears
	FL
	1910 Wells Rd
	32073

	406
	1285
	Sears
	FL
	8001 S Orange Blossom Trl
	32809

	407
	1765
	Sears
	FL
	3101 Pga Blvd
	33410

	408
	2885
	Sears
	FL
	9409 Us Highway 19 N Ste 101
	34668

	409
	1015
	Sears
	FL
	6200 20Th St Ste 300
	32966

	410
	2845
	Sears
	GA
	3700 Atlanta Hwy Ste 270
	30606

	411
	1035
	Sears
	GA
	3450B Wrightsboro Rd
	30909

	412
	1095
	Sears
	GA
	6580 Douglas Blvd
	30135

	413
	1155
	Sears
	GA
	400 Ernest W Barrett Pkwy Nw
	30144

	414
	7705
	Kmart
	GU
	404 N Marine Dr Rte 1
	96913

	415
	2148
	Sears
	HI
	275 Kaahumanu Ave  Ste 1000
	96732

	416
	1172
	Sears
	IL
	5 Stratford Sq(Gary  & Schick)
	60108

	417
	1840
	Sears
	IL
	6501 95Th St
	60415

	418
	1321
	Sears
	IL
	2200 W War Memorial Dr Ste 998
	61613

	419
	1570
	Sears
	IL
	2  Woodfield Mall
	60173

	420
	1820
	Sears
	IL
	5000 Spring Hill Mall
	60118

	421
	1650
	Sears
	IN
	2300 Southlake Mall
	46410

	422
	1800
	Sears
	IN
	6501 Grape Rd Us 23
	46545

	423
	1147
	Sears
	LA
	6501 Blubonnet Blvd
	70836

	424
	1223
	Sears
	MA
	200 Westgate Dr
	2301

	425
	3433
	Kmart
	MA
	2211 Northampton St
	1040

	426
	1104
	Sears
	MA
	521 Lynch Blvd
	1752

	427
	1033
	Sears
	MA
	1009 S Washington St
	2760

	428
	1634
	Sears
	MD
	6901 Security Sq Blvd
	21244

	429
	1854
	Sears
	MD
	8200 Perry Hall Blvd
	21236

	430
	1304
	Sears
	MD
	11255 New Hampshire Ave
	20904

	431
	1074
	Sears
	MD
	11170 Mall Circle
	20603

	432
	2183
	Sears
	ME
	400 Maine Mall Rd
	4106

	433
	9385
	Kmart
	MI
	4290 W Vienna Rd
	48420

	434
	1011
	Sears
	MI
	3622 Rivertown Pkwy Sw
	49418

	435
	1460
	Sears
	MI
	29500 7 Mile Rd
	48152

	436
	9693
	Kmart
	MI
	6730 S River Road
	48039

	437
	1192
	Sears
	MI
	5500 Harvey St
	49444

	
						
	438
	1760
	Sears
	MI
	27600 Novi Rd
	48377

	439
	1110
	Sears
	MI
	6780 S Westnedge Ave
	49024

	440
	1590
	Sears
	MI
	4900 Fashion Square Mall
	48604

	441
	4206
	Kmart
	MI
	2000 Ten Mile Rd
	48091

	442
	1092
	Sears
	MI
	35000 Warren Rd
	48185

	443
	1822
	Sears
	MO
	330 Siemers Dr
	63701

	444
	1121
	Sears
	MO
	18777 E 39Th St S
	64057

	445
	1042
	Sears
	MO
	101 N Rangeline Rd
	64801

	446
	1171
	Sears
	MO
	2825 S Glenstone Ave
	65804

	447
	1182
	Sears
	MO
	3 Mid Rivers Mall Dr
	63376

	448
	1165
	Sears
	NC
	1480 Concord Pkwy N
	28025

	449
	2175
	Sears
	NC
	240 Carolina East Mall
	27834

	450
	2515
	Sears
	NC
	1940 Us Highway 70 Se
	28602

	451
	1605
	Sears
	NC
	7330 Old Wake Forest Rd
	27616

	452
	2191
	Sears
	NE
	6400 O St
	68510

	453
	1094
	Sears
	NJ
	436 Main St
	7601

	454
	1044
	Sears
	NJ
	50 Mall Dr W
	7310

	455
	1614
	Sears
	NJ
	S Orange Ave & Walnut St
	7039

	456
	1494
	Sears
	NJ
	Rt 38 And Lenola Rd
	8057

	457
	1314
	Sears
	NJ
	51 Us Hwy 1
	8901

	458
	1764
	Sears
	NJ
	Rt 80 & Mt Hope Ave
	7866

	459
	7017
	Kmart
	NM
	1705 S Main St
	88203

	460
	1114
	Sears
	NY
	2307 Beverley Rd
	11226

	461
	4726
	Kmart
	NY
	975 Fairmount Ave
	14701

	462
	1364
	Sears
	NY
	4 Smith Haven Mall
	11755

	463
	1333
	Sears
	NY
	2001 South Rd
	12601

	464
	4928
	Kmart
	NY
	308 Dix Avenue
	12804

	465
	1924
	Sears
	NY
	1150 Sunrise Hwy
	11581

	466
	2010
	Sears
	OH
	600 Richland Mall
	44906

	467
	1710
	Sears
	OH
	5000 Great Northern Mall
	44070

	468
	2390
	Sears
	OH
	1475 Upper Valley Pike
	45504

	469
	1120
	Sears
	OH
	5053 Tuttle Crossing Blvd
	43016

	470
	1224
	Sears
	PA
	4600 Jonestown Rd
	17109

	471
	3529
	Kmart
	PA
	996 W View Park Dr
	15229

	472
	1354
	Sears
	PA
	2500 W Moreland Rd
	19090

	473
	1595
	Sears
	SC
	700 Haywood Rd
	29607

	474
	1795
	Sears
	SC
	1200 Coastal Grand Circle
	29577

	475
	3147
	Kmart
	TN
	1805 E Stone Dr
	37660

	476
	1307
	Sears
	TX
	4310 Buffalo Gap Rd
	79606

	477
	1437
	Sears
	TX
	3871 S Cooper St
	76015

	478
	1407
	Sears
	TX
	6461 Eastex Fwy
	77706

	479
	2497
	Sears
	TX
	2320 N Expressway
	78526

	480
	1217
	Sears
	TX
	1305 Airline Rd
	78412

	481
	1317
	Sears
	TX
	8401 Gateway Blvd W
	79925

	482
	1447
	Sears
	TX
	4900 S Hulen St
	76132

	483
	1417
	Sears
	TX
	20131 Highway 59 N
	77338

	484
	1297
	Sears
	TX
	1101 Melbourne Rd Ste 7000
	76053

	485
	2247
	Sears
	TX
	5300 San Dario Ave
	78041

	486
	1187
	Sears
	TX
	3000 Town East Mall
	75150

	
						
	487
	1176
	Sears
	TX
	999  Pasedena Blvd
	77506

	488
	1337
	Sears
	TX
	851 N Central Expwy
	75075

	489
	1427
	Sears
	TX
	6909 N Loop 1604 E
	78247

	490
	2197
	Sears
	TX
	10000 Emmett F Lowry Expy
	77591

	491
	1377
	Sears
	TX
	7925 Fm 1960 Rd W
	77070

	492
	1023
	Sears
	VA
	21000 Dulles Town Cir
	20166

	493
	1974
	Sears
	VA
	4812 Valley View Blvd Ne
	24012

	494
	3722
	Kmart
	WA
	1550 S Burlington Blvd
	98233

	495
	1038
	Sears
	WA
	14720 E Indiana Ave
	99216

	496
	2219
	Sears
	WA
	651 Sleater Kinney Rd Se 1300
	98503

	497
	2309
	Sears
	WA
	10315 Silverdale Way Nw
	98383

	498
	1029
	Sears
	WA
	4700 N Division St
	99207

	499
	4147
	Kmart
	WA
	4110 E Sprague Ave
	99202

	500
	1139
	Sears
	WA
	400 Southcenter Mall
	98188

	501
	2029
	Sears
	WA
	9 E Valley Mall Blvd
	98903

	502
	2092
	Sears
	WI
	4301 W Wisconsin Ave
	54913

	503
	3088
	Kmart
	WI
	4100 52Nd St
	53144

	504
	2232
	Sears
	WI
	43 East Towne Mall  C
	53704

	505
	1804
	Sears
	WV
	100 Huntington Mall Rd
	25504

SCHEDULE 4.01 
LOAN DOCUMENTS
		
	•
	Security Documents

		
	•
	Interim Financing Order

		
	•
	Approved Budget

		
	•
	Rolling Budget

		
	•
	Agent Fee Letter

SCHEDULE 5.01(l)(A) 
OWNED AND GROUND LEASED UNENCUMBERED REAL PROPERTY
	
									
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status
	Owned/GL

	2027
	202700
	Wasilla
	AK
	1000 S Seward Meridian Rd
	99654
	Open Store
	Open Store
	GL

	2796
	279600
	Tuscaloosa
	AL
	1701 Mcfarland Blvd E #207
	35404
	Closed Store
	Closed Store
	GL

	61901
	6190100
	Scottsdale
	AZ
	16275 N Scottsdale Rd
	85260
	Closed Store
	Closed Store
	GL

	1728
	172800
	Tucson
	AZ
	4570 N Oracle Rd
	85705
	Open Store
	Open Store
	GL

	4996
	499600
	Tucson
	AZ
	7055 E Broadway St
	85710
	Open Store
	Open Store
	GL

	1838
	183800
	Burbank
	CA
	111 E Magnolia Blvd
	91502
	Open Store
	Open Store
	GL

	1678
	167800
	Carlsbad
	CA
	2561 El Camino Real
	92008
	Open Store
	Open Store
	GL

	2728
	272800
	Downey
	CA
	600 Stonewood
	90241
	Open Store
	Open Store
	GL

	3725
	372500
	Freedom
	CA
	1702 Freedom Boulevard
	95019
	Open Store
	Open Store
	GL

	1088
	108800
	Glendale
	CA
	236 N Central Ave
	91203
	Open Store
	Open Store
	GL

	2028
	202800
	Hemet
	CA
	2200 W Florida Ave
	92545
	Open Store
	Open Store
	GL

	3748
	374800
	Hollister
	CA
	491 Tres Pinos Road
	95023
	Open Store
	Open Store
	GL

	9328
	932800
	Long Beach
	CA
	2900 Bellflower Blvd
	90815
	Open Store
	Open Store
	GL

	2798
	279800
	Palm Desert
	CA
	44430 Town Center Way
	92260
	Open Store
	Open Store
	GL

	1818
	181800
	Rancho Cucamonga
	CA
	8250 Day Creek Blvd
	91739
	Open Store
	Open Store
	GL

	9797
	979700
	Scotts Valley
	CA
	270 Mt Hermon Rd
	95066
	Open Store
	Open Store
	GL

	3828
	382800
	Temecula
	CA
	26471 Ynez Road
	92591
	Open Store
	Open Store
	GL

	1278
	127800
	Torrance
	CA
	22100 Hawthorn Blvd
	90503
	Open Store
	Open Store
	GL

	1111
	111100
	Colorado Springs
	CO
	2050 Southgate Rd
	80906
	Open Store
	Open Store
	GL

	1467
	146700
	Ft Collins
	CO
	205 E Foothills Pkwy
	80525
	Open Store
	Open Store
	GL

	6820
	682000
	Boynton Beach
	FL
	805 N Congress Ave
	33426
	Open Store
	Open Store
	GL

	2485
	248500
	Brooksville
	FL
	13085 Cortez Blvd
	34613
	Open Store
	Open Store
	GL

	1195
	119500
	Ft Lauderdale
	FL
	901 N Federal Hwy
	33304
	Open Store
	Open Store
	GL

	1456
	145600
	Oviedo
	FL
	1360 Oviedo Blvd
	32765
	Open Store
	Open Store
	GL

	1585
	158500
	Tallahassee
	FL
	1500 Apalachee Pkwy
	32301
	Open Store
	Open Store
	GL

	8049
	804900
	Hilo
	HI
	50 Pohaku St
	96720
	Non-retail
	Active Non-retail
	GL

	8158
	815800
	Honolulu
	HI
	2886 Paa St
	96819
	Non-retail
	Active Non-retail
	GL

	1738
	173800
	Kaneohe(Sur)
	HI
	46-056 Kamehameha Hwy
	96744
	Open Store
	Open Store
	GL

	8818
	881800
	Pearl City
	HI
	98-600 Kamehameha Hwy
	96782
	Non-retail
	Active Non-retail
	GL

	
									
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status
	Owned/GL

	2936
	293600
	Chicago
	IL
	1800 W Lawrence Ave
	60640
	Open Store
	Open Store
	GL

	1640
	164000
	Fairview Hts
	IL
	235 Saint Clair Sq
	62208
	Open Store
	Open Store
	GL

	3251
	325100
	Indianapolis
	IN
	6780 W Washington St
	46241
	Open Store
	Annc’d to Close
	GL

	7042
	704200
	Valparaiso
	IN
	2801 Calumet Ave
	46383
	Open Store
	Open Store
	GL

	1161
	116100
	Wichita-Town East
	KS
	7700 E Kellogg Dr
	67207
	Open Store
	Open Store
	GL

	1283
	128300
	Braintree
	MA
	250 Granite St
	2184
	Open Store
	Open Store
	GL

	1374
	137400
	Bel Air
	MD
	658 Baltimore Pike
	21014
	Open Store
	Open Store
	GL

	1013
	101300
	Glen Burnie
	MD
	7900 Gov Ritchie Hwy
	21061
	Open Store
	Open Store
	GL

	7031
	703100
	Menominee
	MI
	1101-7th Ave
	49858
	Open Store
	Open Store
	GL

	1722
	172200
	Bloomington
	MN
	2000 N E Court
	55425
	Open Store
	Open Store
	GL

	3405
	340500
	Minneapolis
	MN
	10 W Lake Street
	55408
	Open Store
	Open Store
	GL

	30956
	3095600
	West St. Paul
	MN
	50 Signal Hill Mall
	55118
	Closed Store
	Closed Store
	GL

	3239
	323900
	Kansas City
	MO
	7100 Nw Prairie View Rd
	64151
	Open Store
	Annc’d to Close
	GL

	62707
	6270700
	Springfield
	MO
	3803 S Glenstone
	65804
	Closed Store
	Closed Store
	GL

	1335
	133500
	Greensboro
	NC
	3200 W Friendly Ave
	27408
	Open Store
	Open Store
	GL

	3744
	374400
	Kill Devil Hills
	NC
	1091 N Croatan Highway
	27948
	Open Store
	Open Store
	GL

	1041
	104100
	Omaha
	NE
	7424 Dodge St
	68114
	Open Store
	Open Store
	GL

	69722
	6972200
	North Brunswick
	NJ
	1055 Route 1 South
	8902
	Closed Store
	Closed Store
	GL

	9463
	946300
	Somers Point
	NJ
	250 New Rd (Rt 9)
	8244
	Open Store
	Open Store
	GL

	1684
	168400
	Woodbridge
	NJ
	150 Woodbridge Ctr Ct
	7095
	Open Store
	Open Store
	GL

	1709
	170900
	Henderson
	NV
	1245 W Warm Springs Rd
	89014
	Open Store
	Annc’d to Close
	GL

	2754
	275400
	Henderson
	NV
	1511 W Sunset Rd
	89014
	Closed Store
	Closed Store
	GL

	1828
	182800
	Las Vegas
	NV
	4355 Grand Canyon Dr
	89147
	Open Store
	Open Store
	GL

	26741
	2674100
	Amherst
	NY
	1261 Niagara Falls Blvd
	14226
	Closed Store
	Closed Store
	GL

	3862
	386200
	Bohemia
	NY
	5151 Sunrise Hwy
	11716
	Open Store
	Open Store
	GL

	7654
	765400
	Bronx
	NY
	300 Baychester Avenue
	10475
	Open Store
	Open Store
	GL

	2626
	262600
	College Point
	NY
	131-08 20th Ave
	11356
	Open Store
	Open Store
	GL

	4871
	487100
	Farmingville
	NY
	2280 North Ocean Ave.
	11738
	Open Store
	Open Store
	GL

	2744
	274400
	Horseheads/Elmira
	NY
	3300 Chambers Rd
	14845
	Open Store
	Open Store
	GL

	1404
	140400
	Massapequa
	NY
	800 Sunrise Mall
	11758
	Open Store
	Open Store
	GL

	2741
	274100
	Massapequa
	NY
	34 Carmans Rd
	11758
	Open Store
	Open Store
	GL

	1894
	189400
	Rochester
	NY
	10 Miracle Mile Dr
	14623
	Open Store
	Open Store
	GL

	
									
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status
	Owned/GL

	1081
	108100
	Heath
	OH
	771 S 30th St
	43056
	Open Store
	Open Store
	GL

	2001
	200100
	Piqua
	OH
	987 E Ash St Ste 170
	45356
	Open Store
	Open Store
	GL

	1280
	128000
	Springdale
	OH
	300 E Kemper Rd
	45246
	Closed Store
	Closed Store
	GL

	1073
	107300
	Exton
	PA
	222 Exton Square Mall
	19341
	Open Store
	Open Store
	GL

	1714
	171400
	Greensburg
	PA
	5256 Route 30
	15601
	Open Store
	Open Store
	GL

	1644
	164400
	Lancaster
	PA
	200 Park City Ctr
	17601
	Open Store
	Open Store
	GL

	1654
	165400
	Media
	PA
	1067 W Baltimore Pike
	19063
	Open Store
	Open Store
	GL

	1834
	183400
	North Wales
	PA
	600 Montgomery Mall
	19454
	Open Store
	Open Store
	GL

	2355
	235500
	Hatillo(Arecibo)
	PR
	506 Calle Truncado
	659
	Open Store
	Open Store
	GL

	1905
	190500
	Hato Rey
	PR
	Ave F D Roosevelt
	918
	Open Store
	Open Store
	GL

	7783
	778300
	Hato Rey
	PR
	Pr #22 & Pr #18
	918
	Open Store
	Open Store
	GL

	1935
	193500
	Mayaguez
	PR
	975 Hostos Ave Ste 110
	680
	Open Store
	Open Store
	GL

	7461
	746100
	Clarksville
	TN
	2300 Madison Street
	37043
	Closed Store
	Closed Store
	GL

	1386
	138600
	Goodlettsville
	TN
	1000 Rivergate Pkwy
	37072
	Open Store
	Open Store
	GL

	67036
	6703600
	Dallas
	TX
	3407 W Northwest Hwy
	75220
	Closed Store
	Closed Store
	GL

	67409
	6740900
	Layton
	UT
	881 W Hillfield Rd
	84041
	Closed Store
	Closed Store
	GL

	1274
	127400
	Chesterfield
	VA
	11500 Midlothian Tpke
	23235
	Open Store
	Open Store
	GL

	2395
	239500
	Manassas
	VA
	8200 Sudley Rd
	20109
	Open Store
	Open Store
	GL

	1463
	146300
	Burlington
	VT
	155 Dorest St
	5403
	Open Store
	Open Store
	GL

	1129
	112900
	Tacoma
	WA
	4502 S Steele St Ste 100
	98409
	Closed Store
	Closed Store
	GL

	1130
	113000
	Janesville
	WI
	2500 Milton Ave
	53545
	Open Store
	Open Store
	GL

	1915
	191500
	Bayamon
	PR
	Avenida Aguas Buenas
	959
	Open Store
	Open Store
	GL

	8722
	108910
	Anchorage(Sur)
	AK
	5900 Old Seward Highway
	99503
	Non-retail
	Active Non-retail
	Owned

	8106
	810600
	Birmingham
	AL
	196 Vulcan Rd
	35209
	Non-retail
	Active Non-retail
	Owned

	8706
	870603
	Birmingham
	AL
	262 Oxmoor Court
	35209
	Non-retail
	Active Non-retail
	Owned

	30957
	3095700
	Springdale
	AR
	3142 West Sunset Ave
	72762
	Closed Store
	Closed Store
	Owned

	68235
	6823500
	Phoenix
	AZ
	1717 E Mcdowell Rd
	85006
	Non-retail
	Active Non-retail
	Owned

	3699
	369900
	Apple Valley
	CA
	20777 Bear Valley Road
	92308
	Open Store
	Open Store
	Owned

	7619
	761903
	Atascadero
	CA
	4180 El Camino Real
	93422
	Non-retail
	Active Non-retail
	Owned

	4320
	432003
	Bellflower
	CA
	10400 Rosecrans
	90706
	Non-retail
	Active Non-retail
	Owned

	
									
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status
	Owned/GL

	4721
	472103
	Coalinga
	CA
	25 West Polk Street
	93210
	Non-retail
	Active Non-retail
	Owned

	6233
	623300
	Covina
	CA
	710 W Arrow Hwy
	91722
	Closed Store
	Closed Store
	Owned

	3998
	399800
	Dinubi
	CA
	East El Monte Way
	93618
	Non-retail
	Active Non-retail
	Owned

	3998
	399802
	Dinubi
	CA
	East El Monte Way
	93618
	Non-retail
	Active Non-retail
	Owned

	8038
	803800
	El Cajon
	CA
	1406 North Johnson Ave
	92020
	Non-retail
	Active Non-retail
	Owned

	30958
	3095800
	El Centro
	CA
	1950 N Imperial Ave
	92243
	Non-retail
	Active Non-retail
	Owned

	7916
	791603
	Eureka
	CA
	4325 Broadway
	95503
	Non-retail
	Active Non-retail
	Owned

	7916
	791604
	Eureka
	CA
	4325 Broadway
	95503
	Non-retail
	Active Non-retail
	Owned

	3982
	398203
	Lemoore
	CA
	215 W Hanford/Armona Rd
	93245
	Non-retail
	Active Non-retail
	Owned

	3842
	384203
	Oakdale
	CA
	1555 E F St
	98233
	Non-retail
	Active Non-retail
	Owned

	1068
	106802
	Palmdale
	CA
	1345 W Avenue P
	93551
	Non-retail
	Active Non-retail
	Owned

	1788
	178800
	Richmond
	CA
	2300 Hilltop Mall Rd
	94806
	Open Store
	Open Store
	Owned

	8098
	809800
	Sn Bernardino
	CA
	595 S “G” St
	92410
	Non-retail
	Active Non-retail
	Owned

	6858
	685800
	Sn Luis Obspo
	CA
	1310 Roundhouse Ave
	93401
	Non-retail
	Active Non-retail
	Owned

	3968
	396800
	Wasco
	CA
	2785 Highway 46
	93280
	Non-retail
	Active Non-retail
	Owned

	2451
	245100
	Greeley
	CO
	2800 Greeley Mall
	80631
	Closed Store
	Closed Store
	Owned

	1075
	107500
	Daytona Beach
	FL
	1700 W Intl Speedway Blvd
	32114
	Open Store
	Open Store
	Owned

	1195
	119503
	Ft Lauderdale
	FL
	901 N Federal Hwy
	33304
	Non-retail
	Active Non-retail
	Owned

	7435
	743500
	Hialeah
	FL
	5890 Nw 173rd Drive
	33015
	Non-retail
	Active Non-retail
	Owned

	24025
	2402500
	Longwood
	FL
	1024 Florida Central Pkwy
	32750
	Non-retail
	Active Non-retail
	Owned

	4019
	401900
	Melbourne
	FL
	601 Atlantis Rd
	32904
	Non-retail
	Active Non-retail
	Owned

	2135
	213500
	Sebring
	FL
	901 Us27 N Ste 130
	33870
	Open Store
	Open Store
	Owned

	
									
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status
	Owned/GL

	8035
	803500
	College Park
	GA
	2511 Sullivan Rd
	30337
	Non-retail
	Active Non-retail
	Owned

	1251
	125100
	Lithonia
	GA
	8020 Mall Pkwy
	30038
	Closed Store
	Closed Store
	Owned

	7439
	743900
	Council Bluff
	IA
	1110 Woodbury Ave
	51503
	Closed Store
	Closed Store
	Owned

	31002
	3100200
	Mountain Home
	ID
	2800 American Legion Blvd
	83647
	Non-retail
	Active Non-retail
	Owned

	61510
	6151000
	Calumet City
	IL
	2 River Oaks S/C
	60409
	Closed Store
	Closed Store
	Owned

	26985
	2698500
	Chicago
	IL
	79th/Stoney Island
	60617
	Non-retail
	Active Non-retail
	Owned

	30920
	3092000
	Chicago
	IL
	7050 S Pulaski
	60629
	Closed Store
	Closed Store
	Owned

	61030
	6103000
	Chicago
	IL
	6153 S Western Ave
	60636
	Closed Store
	Closed Store
	Owned

	26987
	2698700
	Chicago *
	IL
	6045 (Or 6007) N Western Ave
	60659
	Non-retail
	Active Non-retail
	Owned

	261
	26100
	Danville
	IL
	26 N Vermillion
	61832
	Non-retail
	Active Non-retail
	Owned

	2632
	263200
	Fairview Hts
	IL
	317 Lincoln Hwy
	62208
	Open Store
	Open Store
	Owned

	6490
	649000
	Hoffman Est
	IL
	5334 Sears Parkway
	60192
	Non-retail
	Active Non-retail
	Owned

	30901
	3090100
	Lansing
	IL
	17355 Torrence Ave
	60438
	Closed Store
	Closed Store
	Owned

	30927
	3092700
	Macomb
	IL
	1325 East Jackson
	61455
	Closed Store
	Closed Store
	Owned

	470
	47000
	Manteno
	IL
	8374 N 4000 East Rd
	60950
	Non-retail
	Active Non-retail
	Owned

	6784
	678400
	Matteson
	IL
	4605 W Lincoln Hwy
	60443
	Open Store
	Open Store
	Owned

	30900
	3090000
	New Lenox
	IL
	1500 W Lincoln Hwy
	60451
	Closed Store
	Closed Store
	Owned

	31900
	3190000
	Sterling
	IL
	2901 E Fourth St
	61081
	Closed Store
	Closed Store
	Owned

	6062
	606200
	Tinley Park
	IL
	Rte 43 & Us 6
	60477
	Non-retail
	Active Non-retail
	Owned

	26185
	2618500
	Clarksville
	IN
	1416 Blackiston Mill Rd
	47129
	Closed Store
	Closed Store
	Owned

	7246
	724603
	Richmond
	IN
	3150 National Road West
	47374
	Non-retail
	Active Non-retail
	Owned

	8171
	817100
	Overland Park
	KS
	9000 Nieman Road
	66214
	Non-retail
	Active Non-retail
	Owned

	9255
	925500
	Palmer
	MA
	Wilbraham Road (Sr 20)
	1069
	Open Store
	Open Store
	Owned

	6303
	630300
	Bangor
	ME
	60 Doane St
	4401
	Non-retail
	Active Non-retail
	Owned

	31004
	3100400
	Charlotte
	MI
	1658 Lansing Rd
	48813
	Non-retail
	Active Non-retail
	Owned

	9245
	924500
	Cheboygan
	MI
	1131 E State St
	49721
	Closed Store
	Closed Store
	Owned

	
									
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status
	Owned/GL

	30918
	3091800
	Jackson
	MI
	3001 E Mich Ave
	49202
	Closed Store
	Closed Store
	Owned

	6892
	689200
	Taylor
	MI
	 
	48180
	Non-retail
	Active Non-retail
	Owned

	61106
	6110600
	Jackson
	MS
	1400 Metrocenter
	39209
	Closed Store
	Closed Store
	Owned

	30949
	3094900
	Natchez
	MS
	280 John R Junkin Dr
	39120
	Closed Store
	Closed Store
	Owned

	3213
	321300
	Southaven
	MS
	7457 Airways
	38671
	Non-retail
	Active Non-retail
	Owned

	31005
	3100500
	Asheboro
	NC
	1330 E. Dixie Drive
	27356
	Non-retail
	Active Non-retail
	Owned

	1475
	147500
	Durham
	NC
	6910 Fayetteville Rd Ste 400
	27713
	Open Store
	Open Store
	Owned

	30961
	3096100
	Greensboro
	NC
	300 Penry Rd
	27405
	Non-retail
	Active Non-retail
	Owned

	2374
	237400
	Vineland
	NJ
	8 W Landis Ave
	8360
	Closed Store
	Closed Store
	Owned

	6133
	613300
	Reno
	NV
	West Side Of S. Virginia
	89030
	Non-retail
	Active Non-retail
	Owned

	6298
	629800
	Sparks
	NV
	350 Glendale Ave
	89431
	Non-retail
	Active Non-retail
	Owned

	1353
	135300
	De Witt/Syracuse
	NY
	3649 Erie Blvd E
	13214
	Closed Store
	Closed Store
	Owned

	1514
	151400
	Niagara Falls
	NY
	6929 Williams Rd
	14304
	Closed Store
	Closed Store
	Owned

	8254
	825400
	Rochester
	NY
	2213 Brighton Henrietta (Town Line Rd)
	14623
	Non-retail
	Active Non-retail
	Owned

	26731
	2673100
	Dublin
	OH
	4975 Tuttle Crossing Blvd
	43016
	Closed Store
	Closed Store
	Owned

	1370
	137000
	Eastland
	OH
	2765 Eastland Mall
	43232
	Closed Store
	Closed Store
	Owned

	1310
	131000
	Elyria
	OH
	4900 Midway Mall
	44035
	Closed Store
	Closed Store
	Owned

	2940
	294000
	Franklin
	OH
	3457 Towne Blvd
	45005
	Closed Store
	Closed Store
	Owned

	3243
	324303
	North Canton
	OH
	Main Street N Canton
	44720
	Non-retail
	Active Non-retail
	Owned

	6092
	609200
	North Canton
	OH
	Main Street N Canton
	44720
	Non-retail
	Active Non-retail
	Owned

	1610
	161000
	Northgate
	OH
	9505 Colerain Ave
	45251
	Open Store
	Annc’d to Close
	Owned

	26588
	2658800
	Salem
	OH
	5200 Salem Ave
	45426
	Closed Store
	Closed Store
	Owned

	9676
	967600
	Streetsboro
	OH
	9059 State Rt #14
	44241
	Closed Store
	Closed Store
	Owned

	37563
	3756300
	Washington Courthouse
	OH
	1666 Columbus Ave
	43160
	Non-retail
	Active Non-retail
	Owned

	1150
	115000
	Westland
	OH
	4411 W Broad St
	43228
	Closed Store
	Closed Store
	Owned

	1261
	126100
	Midwest City
	OK
	6909 E Reno Ave
	73110
	Closed Store
	Closed Store
	Owned

	1863
	186300
	Johnstown
	PA
	540 Galleria Dr
	15904
	Closed Store
	Closed Store
	Owned

	
									
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status
	Owned/GL

	31924
	3192400
	Moon Twp.
	PA
	2000 Market Blvd - Parking Lot
	15108
	Non-retail
	Active Non-retail
	Owned

	9394
	939400
	Fajardo
	PR
	Eastern Reg’l S/C; State Road #3
	738
	Open Store
	Open Store
	Owned

	3853
	385300
	Guayama
	PR
	Puerto Rico Hwy 3
	784
	Open Store
	Open Store
	Owned

	6488
	648800
	Mayaguez
	PR
	Western Plaza S/C
	680
	Non-retail
	Active Non-retail
	Owned

	8935
	893500
	Rio Piedras
	PR
	Carr #176 Km 0.5; Gpo Box 70209
	936
	Non-retail
	Active Non-retail
	Owned

	8975
	897500
	Rio Piedras
	PR
	Road #176 Km 0.5 Cupey Bajo
	936
	Non-retail
	Active Non-retail
	Owned

	30941
	3094100
	Sioux Falls
	SD
	3709 East 10th Street
	57103
	Closed Store
	Closed Store
	Owned

	446
	44600
	Memphis
	TN
	3456 Meyers Rd
	38108
	Non-retail
	Active Non-retail
	Owned

	30934
	3093400
	Memphis
	TN
	3201 Austin Peay
	38128
	Closed Store
	Closed Store
	Owned

	26596
	2659600
	Memphis/Hickory
	TN
	6120 Hickory Ridge Mall
	38115
	Closed Store
	Closed Store
	Owned

	8247
	824700
	Dickinson
	TX
	1000 West Fm 517
	77539
	Non-retail
	Active Non-retail
	Owned

	6874
	687400
	Houston
	TX
	2737 Hwy 6 S
	77082
	Closed Store
	Closed Store
	Owned

	8167
	816700
	Houston
	TX
	525 E Little York Rd
	77037
	Non-retail
	Active Non-retail
	Owned

	61237
	6123700
	Houston
	TX
	100 Greenspoint Mall
	77060
	Closed Store
	Closed Store
	Owned

	2332
	233200
	San Antonio
	TX
	8551 Wurzbach Road
	56701
	Open Store
	Open Store
	Owned

	1065
	106500
	Glen Allen
	VA
	10101 Brook Rd
	23059
	Open Store
	Open Store
	Owned

	26717
	2671700
	Newport News
	VA
	12263 Hornsby Lane
	23602
	Closed Store
	Closed Store
	Owned

	3544
	354400
	Salem
	VA
	1355 West Main Street
	24153
	Closed Store
	Closed Store
	Owned

	8345
	834500
	Virginia Beach
	VA
	102 South Witchduck Rd
	23462
	Non-retail
	Active Non-retail
	Owned

	2299
	229900
	Aberdeen
	WA
	1219 S Boone St
	98520
	Open Store
	Open Store
	Owned

	6579
	657900
	Spokane
	WA
	7005 N Division St
	99207
	Open Store
	Open Store
	Owned

	31903
	3190300
	Fort Atkinson
	WI
	1309 N High St
	53538
	Closed Store
	Closed Store
	Owned

	3589
	358903
	Cleveland
	OH
	14901 Lorain Ave
	44111
	Non-retail
	Active Non-retail
	Owned

	3628
	362803
	Tolleson
	AZ
	8701 West Mc Dowell
	85353
	Non-retail
	Active Non-retail
	Owned

	7309
	730903
	Texarkana
	TX
	4520 W 7th St
	75501
	Non-retail
	Active Non-retail
	Owned

	31930
	3193003
	Hialeah
	FL
	5750 NW 183rd St
	33015
	Non-retail
	Active Non-retail
	Owned

SCHEDULE 5.01(l)(B) 
LEASED UNENCUMBERED REAL PROPERTY
	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	8706
	870600
	Birmingham
	AL
	262 Oxmoor Court
	35209
	Non-retail
	Active Non-retail

	24002
	2400200
	Birmingham
	AL
	2194-A Parkway Lake Dr
	35244
	Non-retail
	Active Non-retail

	2306
	230600
	Gadsden
	AL
	1001 Rainbow Dr
	35901
	Open Store
	Annc’d to Close

	49003
	4900300
	Mobile
	AL
	3412 Demotropolis Rd
	36693
	Non-retail
	Active Non-retail

	2126
	212600
	Hot Springs
	AR
	4501 Central Ave Ste 101
	71913
	Open Store
	Open Store

	8941
	894100
	Little Rock
	AR
	1900 W 65Th St-Ste 10
	72209
	Non-retail
	Active Non-retail

	1206
	120600
	North Little Rock
	AR
	3930 Mccain Blvd
	72116
	Open Store
	Open Store

	9711
	971100
	Russellville
	AR
	2821 East Main St
	72801
	Open Store
	Annc’d to Close

	1169
	116900
	Chandler
	AZ
	3177 Chandler Village Dr
	85226
	Open Store
	Annc’d to Close

	2358
	235800
	Flagstaff
	AZ
	4800 N Us Highway 89
	86004
	Open Store
	Annc’d to Close

	1798
	179800
	Glendale
	AZ
	7780 W Arrowhead Towne Ctr
	85308
	Open Store
	Open Store

	3707
	370700
	Lake Havasu City
	AZ
	1870 Mc Cullouch Blvd
	86403
	Open Store
	Open Store

	7088
	708800
	Mesa
	AZ
	952 E Baseline Rd; Ste 111
	85204
	Non-retail
	Active Non-retail

	1078
	107800
	Mesa/East
	AZ
	6515 E Southern Ave
	85206
	Open Store
	Annc’d to Close

	1768
	176800
	Paradise Vly
	AZ
	4604 E Cactus Rd
	85032
	Open Store
	Open Store

	8778
	877800
	Phoenix
	AZ
	844 N 44Th Ave Ste 2
	85043
	Non-retail
	Active Non-retail

	24521
	2452100
	Phoenix
	AZ
	4401 Baseline Rd; Ste 205
	85042
	Non-retail
	Active Non-retail

	1708
	170800
	Phoenix-Desert Sky
	AZ
	7611 W Thomas Rd
	85033
	Open Store
	Annc’d to Close

	2218
	221800
	Prescott
	AZ
	3400 Gateway Blvd
	86303
	Open Store
	Open Store

	5865
	586500
	Scottsdale - Showroom
	AZ
	15500 Greenway-Hayden Loop
	85260
	Open Store
	Open Store

	2047
	204700
	Sierra Vista
	AZ
	2250 El Mercado Loop
	85635
	Open Store
	Annc’d to Close

	5880
	588000
	Tempe
	AZ
	9025 S Kyrene Rd (Suites 101-105)
	85284
	Non-retail
	Active Non-retail

	49028
	4902800
	Tempe
	AZ
	8440 S Hardy Dr
	85284
	Non-retail
	Active Non-retail

	8937
	893700
	Tucson
	AZ
	807 S Euclid
	85719
	Non-retail
	Active Non-retail

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	49011
	4901100
	Tucson
	AZ
	4755 S Butterfield Dr
	85714
	Non-retail
	Active Non-retail

	5866
	586600
	Tucson (Marana) - Showroom
	AZ
	3850 W. Orange Grove Road
	85741
	Open Store
	Open Store

	2078
	207800
	Yuma
	AZ
	3150 S 4Th Ave
	85364
	Open Store
	Annc’d to Close

	36314
	3631400
	Banani, Dhaka-1213
	BANGLADESH
	7TH FLOOR, BOOTH WING
	---
	Non-retail
	Active Non-retail

	4762
	476200
	Antioch
	CA
	3625 East 18Th Street
	94509
	Open Store
	Annc’d to Close

	7619
	761900
	Atascadero
	CA
	3980 El Camino Real
	93422
	Open Store
	Open Store

	9608
	960800
	Auburn
	CA
	2505 Bell Rd
	95603
	Open Store
	Open Store

	1318
	131800
	Bakersfield
	CA
	3001 Ming Ave
	93304
	Open Store
	Annc’d to Close

	1018
	101800
	Baldwin Hills
	CA
	3755 Santa Rosalia Dr
	90008
	Open Store
	Open Store

	8901
	890100
	Benicia
	CA
	521 Stone Rd
	94510
	Non-retail
	Active Non-retail

	7653
	765300
	Big Bear Lake
	CA
	42126 Big Bear Blvd
	92315
	Open Store
	Open Store

	7756
	775600
	Bishop
	CA
	1200 N Main St
	93514
	Open Store
	Open Store

	1008
	100800
	Boyle
	CA
	2650 E Olympic Blvd
	90023
	Open Store
	Open Store

	1638
	163800
	Brea
	CA
	100 Brea Mall
	92821
	Closed Store
	Closed Store

	1268
	126800
	Buena Park
	CA
	8150 La Palma Ave
	90620
	Open Store
	Open Store

	3834
	383400
	Burbank
	CA
	1000 San Fernando Road
	91504
	Open Store
	Open Store

	7165
	716500
	Camarillo
	CA
	940 Arneill Rd
	93010
	Open Store
	Open Store

	1518
	151800
	Cerritos
	CA
	100 Los Cerritos Mall
	90703
	Open Store
	Annc’d to Close

	3086
	308600
	Chico
	CA
	2155 Pillsbury Rd
	95926
	Open Store
	Open Store

	1358
	135800
	Chula Vista
	CA
	565 Broadway
	91910
	Open Store
	Open Store

	1098
	109800
	Clovis
	CA
	1140 Shaw Ave
	93612
	Open Store
	Open Store

	3582
	358200
	Clovis
	CA
	1075 Shaw Ave
	93612
	Open Store
	Annc’d to Close

	7098
	709800
	Concord
	CA
	5100 Clayton Road
	94521
	Open Store
	Open Store

	5798
	579800
	Concord-Mcphails Showroom
	CA
	2260 Commerce Ave Ste E
	94520
	Open Store
	Open Store

	1388
	138800
	Costa Mesa
	CA
	3333 Bristol St
	92626
	Open Store
	Annc’d to Close

	4047
	404700
	Costa Mesa
	CA
	2200 Harbor Blvd
	92627
	Open Store
	Open Store

	5382
	538200
	Costa Mesa
	CA
	3333 Bristol St.
	92626
	Open Store
	Open Store

	3945
	394500
	Delano
	CA
	912 County Line Rd
	93215
	Open Store
	Annc’d to Close

	1988
	198800
	El Centro
	CA
	3751 S Dogwood Ave
	92243
	Open Store
	Annc’d to Close

	2628
	262800
	Eureka
	CA
	3300 Broadway
	95501
	Open Store
	Open Store

	1408
	140800
	Florin
	CA
	5901 Florin Rd
	95823
	Open Store
	Annc’d to Close

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	8963
	896300
	Fontana
	CA
	14650 Miller Ave
	92336
	Non-retail
	Active Non-retail

	1208
	120800
	Fresno
	CA
	3636 N Blackstone Ave
	93726
	Open Store
	Open Store

	8366
	836600
	Fresno
	CA
	1922 N HELM AVE
	93727
	Non-retail
	Active Non-retail

	8913
	891300
	Fresno
	CA
	3688 E. Central Avenue
	93725
	Non-retail
	Active Non-retail

	7195
	719500
	Goleta
	CA
	6865 Hollister Ave
	93117
	Closed Store
	Closed Store

	9746
	974600
	Grass Valley
	CA
	111 W Mc Knight Way
	95949
	Open Store
	Open Store

	2656
	265600
	Hanford
	CA
	Hanford Mall - 1545 Mall Drive
	93230
	Open Store
	Open Store

	1248
	124800
	Hayward
	CA
	660 W Winton Ave
	94545
	Open Store
	Open Store

	5689
	568900
	Hayward
	CA
	30803 SANTANA STREET
	94544
	Non-retail
	Active Non-retail

	4819
	481900
	Lakeport
	CA
	2019 South Main
	95453
	Open Store
	Open Store

	8258
	825800
	Lakewood
	CA
	5436 Woodruff Ave
	90713
	Non-retail
	Active Non-retail

	3982
	398200
	Lemoore
	CA
	215 W Hanford/Armona Rd
	93245
	Open Store
	Annc’d to Close

	24510
	2451000
	Livermore
	CA
	283 E Airway Blvd
	94551
	Non-retail
	Active Non-retail

	7225
	722500
	Los Angeles
	CA
	6310 W 3Rd Street
	90036
	Open Store
	Annc’d to Close

	8253
	825300
	Mcclellan
	CA
	4326 Forcum Ave
	95652
	Non-retail
	Active Non-retail

	7390
	739000
	Mckinleyville
	CA
	1500 Anna Sparks Way
	95521
	Open Store
	Open Store

	2298
	229800
	Merced
	CA
	1011 W Olive Ave
	95348
	Open Store
	Annc’d to Close

	8868
	886800
	Milpitas
	CA
	1021 Cadillac Ct
	95035
	Non-retail
	Active Non-retail

	8780
	878000
	Mira Loma
	CA
	3100 Milliken Ave
	91752
	Non-retail
	Active Non-retail

	8928
	892800
	Mira Loma(Jurupa Vl)
	CA
	11385 Venture Dr; Bldg A
	91752
	Non-retail
	Active Non-retail

	1618
	161800
	Modesto
	CA
	100 Vintage Faire Mall
	95356
	Open Store
	Annc’d to Close

	3345
	334500
	Modesto
	CA
	1351 E Hatch Rd
	95351
	Open Store
	Annc’d to Close

	1748
	174800
	Montclair
	CA
	5080 Montclair Plz Ln
	91763
	Open Store
	Open Store

	1998
	199800
	Montebello
	CA
	1401 N Montebello Blvd
	90640
	Open Store
	Annc’d to Close

	1868
	186800
	Moreno Vly
	CA
	22550 Town Cir
	92553
	Open Store
	Open Store

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	1698
	169800
	Newark
	CA
	6000 Mowry Ave
	94560
	Closed Store
	Closed Store

	1168
	116800
	No Hollywood
	CA
	12121 Victory Blvd
	91606
	Open Store
	Open Store

	4421
	442100
	North Hollywood
	CA
	13007 Sherman Way
	91605
	Open Store
	Open Store

	1508
	150800
	Northridge
	CA
	9301 Tampa Ave
	91324
	Open Store
	Open Store

	3842
	384200
	Oakdale
	CA
	175 Maag Avenue
	95361
	Open Store
	Open Store

	3483
	348300
	Ontario
	CA
	2530 S Euclid Ave
	91762
	Open Store
	Annc’d to Close

	8287
	828700
	Ontario
	CA
	5600 East Airport Rd
	91761
	Non-retail
	Active Non-retail

	8729
	872900
	Ontario
	CA
	5691 E Philadelphia; Ste 100
	92337
	Non-retail
	Active Non-retail

	1968
	196800
	Palm Desert
	CA
	72-880 Hwy 111
	92260
	Open Store
	Open Store

	9551
	955100
	Paradise
	CA
	6600 Clark Road
	95969
	Open Store
	Open Store

	3501
	350100
	Petaluma
	CA
	261 N Mc Dowell Blvd
	94954
	Open Store
	Open Store

	3531
	353100
	Pinole
	CA
	1500 Fitzgerald Dr
	94564
	Open Store
	Annc’d to Close

	7471
	747100
	Placerville
	CA
	3968-A Missouri Flat Road
	95667
	Open Store
	Annc’d to Close

	1019
	101900
	Pleasanton
	CA
	1700 Stoneridge Dr
	94588
	Open Store
	Annc’d to Close

	3678
	367800
	Ramona
	CA
	1855 Main Street
	92065
	Open Store
	Open Store

	5668
	566800
	Rancho Cordova
	CA
	11340 WHITE ROCK ROAD
	95742
	Open Store
	Open Store

	4349
	434900
	Redwood City
	CA
	1155 Veteran’S Blvd
	94063
	Open Store
	Open Store

	1298
	129800
	Riverside
	CA
	5261 Arlington Ave
	92504
	Open Store
	Open Store

	4706
	470600
	Riverside
	CA
	375 E Alessandro Blvd
	92508
	Open Store
	Annc’d to Close

	7175
	717500
	Riverside
	CA
	7840 Limonite Ave
	92509
	Open Store
	Open Store

	5784
	578400
	Rohnert Park
	CA
	6085 State Farm Drive
	94928
	Non-retail
	Active Non-retail

	8768
	876800
	Sacramento
	CA
	1200 Blumenfeld Dr
	95815
	Non-retail
	Active Non-retail

	24547
	2454700
	Sacramento
	CA
	1200 Del Paso Rd; Ste 100
	95834
	Non-retail
	Active Non-retail

	1688
	168800
	Salinas
	CA
	1700 N Main St
	93906
	Open Store
	Open Store

	3412
	341200
	Salinas
	CA
	1050 North Davis Road
	93907
	Open Store
	Open Store

	1398
	139800
	San Bernardino
	CA
	100 Inland Ctr
	92408
	Open Store
	Open Store

	1478
	147800
	San Bruno
	CA
	1178 El Camino Real
	94066
	Open Store
	Open Store

	8748
	874800
	San Diego
	CA
	960 Sherman St
	92110
	Non-retail
	Active Non-retail

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	24523
	2452300
	San Diego
	CA
	9586 Distribution Ave; Ste F
	92121
	Non-retail
	Active Non-retail

	62529
	6252900
	San Diego
	CA
	7655 Clairemont Mesa Blvd
	92111
	Closed Store
	Closed Store

	31882
	3188200
	San Diego
	CA
	5405 University Ave
	92105
	Closed Store
	Closed Store

	5000
	500000
	San Francisco
	CA
	310 Carolina Street
	94103
	Open Store
	Open Store

	38112
	3811200
	San Francisco
	CA
	201 Spear St
	94105
	Non-retail
	Active Non-retail

	8398
	839800
	San Jose
	CA
	1202 S Sixth St
	95112
	Non-retail
	Active Non-retail

	38734
	3873400
	San Jose
	CA
	1735 Technology Drive, Suite 600
	95110
	Non-retail
	Active Non-retail

	1488
	148800
	San Jose-Eastridge
	CA
	2180 Tully Rd
	95122
	Open Store
	Open Store

	30969
	3096900
	San Leandro
	CA
	250 Floresta Blvd
	94578
	Closed Store
	Closed Store

	5787
	578700
	San Rafael - Mcphails Showroom
	CA
	530 W Francisco Blvd
	94901
	Open Store
	Open Store

	8369
	836900
	Santa Ana
	CA
	400 W Warner Ave
	92707
	Non-retail
	Active Non-retail

	8808
	880800
	Santa Ana
	CA
	500 W Warner Ave #28
	92707
	Non-retail
	Active Non-retail

	2138
	213800
	Santa Barbara
	CA
	3845 State St
	93105
	Open Store
	Open Store

	5764
	576400
	Santa Clara
	CA
	52 Winchester Blvd; Suite A
	95050
	Non-retail
	Active Non-retail

	24548
	2454800
	Santa Clarita
	CA
	28159 AVENUE STANFORD
	91355
	Non-retail
	Active Non-retail

	2308
	230800
	Santa Cruz
	CA
	4015 Capitola Rd
	95062
	Open Store
	Annc’d to Close

	24524
	2452400
	Santa Fe Springs
	CA
	10415 Slushier Dr
	90670
	Non-retail
	Active Non-retail

	2088
	208800
	Santa Maria
	CA
	200 Town Ctr E
	93454
	Open Store
	Open Store

	7639
	763900
	Santa Paula
	CA
	895 Faukner Road
	93060
	Open Store
	Open Store

	1658
	165800
	Santa Rosa
	CA
	100 Santa Rosa Plz
	95401
	Open Store
	Annc’d to Close

	9153
	915300
	South Lake Tahoe
	CA
	1056 Emerald Bay Rd
	96150
	Open Store
	Open Store

	3076
	307600
	Spring Valley
	CA
	935 Sweetwater Rd
	91977
	Open Store
	Annc’d to Close

	3174
	317400
	Stockton
	CA
	2180 E Mariposa Rd
	95205
	Open Store
	Open Store

	8708
	870800
	Stockton
	CA
	2115 Sinclair Avenue
	95215
	Non-retail
	Active Non-retail

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	8758
	875800
	Sylmar
	CA
	14090 Balboa Blvd
	91342
	Non-retail
	Active Non-retail

	4751
	475100
	Tehachapi
	CA
	710 West Tehachapi
	93561
	Open Store
	Open Store

	1108
	110800
	Temecula
	CA
	40710 Winchester Rd
	92591
	Open Store
	Open Store

	3127
	312700
	Temple City
	CA
	5665 N Rosemead Blvd
	91780
	Open Store
	Open Store

	2059
	205900
	Tracy
	CA
	3350 Naglee Rd
	95304
	Open Store
	Open Store

	62538
	6253800
	Tustin
	CA
	2505 El Camino Real
	92782
	Closed Store
	Closed Store

	3018
	301800
	Valencia
	CA
	23222 W Valencia Blvd
	91355
	Closed Store
	Closed Store

	1148
	114800
	Ventura
	CA
	3295 E Main St
	93003
	Open Store
	Open Store

	68738
	3685300
	Vernon
	CA
	2700 Fruitland Ave
	90058
	Non-retail
	Active Non-retail

	68738
	6873800
	Vernon
	CA
	5525 S. Soto Street
	90058
	Non-retail
	Active Non-retail

	2829
	282900
	Victorville
	CA
	14420 Bear Valley Rd
	92392
	Open Store
	Open Store

	6628
	662800
	Victorville
	CA
	13695 Mariposa Rd
	92395
	Non-retail
	Active Non-retail

	2068
	206800
	Visalia
	CA
	3501 S Mooney Blvd
	93277
	Open Store
	Open Store

	2068
	206802
	Visalia
	CA
	3501 S Mooney Blvd
	93277
	Non-retail
	Active Non-retail

	9761
	976100
	Visalia
	CA
	3247 W Noble Ave
	93277
	Open Store
	Annc’d to Close

	1189
	118900
	West Covina
	CA
	1209 Plz Dr
	91790
	Open Store
	Open Store

	3235
	323500
	West Covina
	CA
	730 South Orange
	91790
	Open Store
	Open Store

	9489
	948900
	West Hills
	CA
	8407 FALLBROOK AVE
	91304
	Non-retail
	Active Non-retail

	1149
	114900
	Whittier
	CA
	15600 Whittwood Ln
	90603
	Open Store
	Open Store

	2238
	223800
	Yuba City
	CA
	1235 Colusa Ave
	95991
	Open Store
	Open Store

	1141
	114100
	Aurora
	CO
	14200 E Alameda Ave
	80012
	Open Store
	Open Store

	8290
	829000
	Brighton
	CO
	18875 Bromley Lane
	80601
	Non-retail
	Active Non-retail

	1131
	113100
	Centennial
	CO
	7001 S University Blvd
	80122
	Open Store
	Annc’d to Close

	1221
	122100
	Chapel Hills
	CO
	1650 Briargate Blvd
	80920
	Open Store
	Open Store

	4224
	3193100
	Denver
	CO
	2150 S Monaco St Pkwy
	80222
	Closed Store
	Closed Store

	24507
	2450700
	Denver
	CO
	12330E 46Th Ave; Unit 300
	80239
	Non-retail
	Active Non-retail

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	2361
	236100
	Grand Junction
	CO
	100 Mesa Mall
	81505
	Open Store
	Annc’d to Close

	1071
	107100
	Lakewood
	CO
	10785 W Colfax Ave
	80215
	Open Store
	Annc’d to Close

	7329
	732900
	Loveland
	CO
	2665 W Eisenhower
	80537
	Open Store
	Open Store

	4453
	445300
	Pueblo
	CO
	3415 N Elizabeth St
	81008
	Open Store
	Open Store

	78723
	7872300
	Becon Falls
	CT
	125 Railroad Ave
	6403
	Non-retail
	Active Non-retail

	1303
	130300
	Danbury
	CT
	7 Backus Ave (Ex 3 Rt 84)
	6810
	Open Store
	Open Store

	1014
	101400
	Enfield
	CT
	90 Elm St
	6082
	Closed Store
	Closed Store

	1134
	113400
	Milford
	CT
	1201 Boston Post RdSp 2095
	6460
	Open Store
	Annc’d to Close

	3495
	349500
	Milford
	CT
	589 Bridgeport Ave
	6460
	Open Store
	Annc’d to Close

	8743
	874300
	Newington
	CT
	65 Holmes Rd
	6111
	Non-retail
	Active Non-retail

	24592
	2459200
	Rocky Hill
	CT
	51 Belamose Ave
	6067
	Non-retail
	Active Non-retail

	3216
	321600
	Vernon
	CT
	295 Hartford Turnpike
	6066
	Open Store
	Open Store

	1193
	119300
	Waterford
	CT
	850 Hartford Tnpk
	6385
	Open Store
	Annc’d to Close

	7109
	710900
	Watertown
	CT
	595 Straits Turnpike
	6795
	Open Store
	Open Store

	8723
	872300
	West Haven
	CT
	190 Frontage Rd
	6516
	Non-retail
	Active Non-retail

	4807
	480700
	Bear
	DE
	301 Governor Place
	19701
	Open Store
	Open Store

	4456
	445600
	Bridgeville
	DE
	7494 Federalsburg Road
	19933
	Non-retail
	Active Non-retail

	2654
	265400
	Dover
	DE
	1000 Dover Mall
	19901
	Closed Store
	Closed Store

	7725
	772500
	Rehoboth Beach
	DE
	19563 Coastal Hwy, Unit A
	19971
	Open Store
	Open Store

	3873
	387300
	Wilmington
	DE
	4700 Limestone Road
	19808
	Open Store
	Open Store

	1355
	135500
	Altamonte Spg
	FL
	451 E Altamonte Dr Ste 401
	32714
	Closed Store
	Closed Store

	24033
	2403300
	Altamonte Spg
	FL
	1260 American Way#156
	32714
	Non-retail
	Active Non-retail

	3317
	331700
	Boca Raton
	FL
	1401 W Palmetto Park Rd
	33486
	Open Store
	Open Store

	5958
	595800
	Bonita Springs Showroom
	FL
	27180 Bay Landing Dr
	34135
	Open Store
	Open Store

	1755
	175500
	Boynton Beach
	FL
	801 N Congress Ave
	33426
	Open Store
	Open Store

	2565
	256500
	Bradenton
	FL
	303 Us Hwy 301 Blvd W
	34205
	Open Store
	Annc’d to Close

	7321
	732100
	Bradenton
	FL
	7321 Manatee Ave West
	34209
	Open Store
	Open Store

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	1007
	100700
	Brandon
	FL
	686 Brandon Town Center Mall
	33511
	Open Store
	Open Store

	1125
	112500
	Coral Gables
	FL
	3655 Sw 22Nd St
	33145
	Open Store
	Open Store

	1715
	171500
	Doral(Miami)
	FL
	1625 Nw 107Th Ave
	33172
	Open Store
	Annc’d to Close

	4893
	489300
	Ellenton
	FL
	6126 Highway 301
	34222
	Open Store
	Open Store

	7067
	706700
	Fort Myers
	FL
	3853 Cleveland Ave S
	33901
	Closed Store
	Closed Store

	1495
	149500
	Ft Myers
	FL
	4125 Cleveland Ave Suite 88
	33901
	Open Store
	Open Store

	5863
	586300
	Ft Myers
	FL
	7916 Drew Circle
	33967
	Non-retail
	Active Non-retail

	8972
	897200
	Ft Myers
	FL
	10898 Metro Parkway
	33966
	Non-retail
	Active Non-retail

	8990
	899000
	Ft Pierce
	FL
	All South Delivery
	34945
	Non-retail
	Active Non-retail

	3424
	342400
	Gainesville
	FL
	900 N W 76 Boulevard
	32606
	Open Store
	Annc’d to Close

	1345
	134500
	Hialeah/Westland
	FL
	1625 W 49Th St
	33012
	Open Store
	Open Store

	3818
	381800
	Hollywood
	FL
	3800 Oakwood Blvd
	33020
	Open Store
	Open Store

	425
	42500
	Jacksonville
	FL
	10512 Busch Dr N
	32218
	Non-retail
	Active Non-retail

	7979
	797900
	Jacksonville
	FL
	3555-1 St Johns Bluff Road S
	32224
	Non-retail
	Active Non-retail

	2315
	231500
	Jensen Bch(Stuart)
	FL
	3342 Nw Federal HwyUs 1
	34957
	Open Store
	Open Store

	9614
	961400
	Key Largo
	FL
	101399 Overseas Highway
	33037
	Open Store
	Open Store

	2215
	221500
	Key West
	FL
	3200 N Roosevelt Blvd
	33040
	Open Store
	Open Store

	4725
	472500
	Key West
	FL
	2928 North Roosevelt Blvd
	33040
	Open Store
	Open Store

	49012
	4901200
	Lake Mary
	FL
	3200 Lake Emma Rd; Suite 1020
	32746
	Non-retail
	Active Non-retail

	1955
	195500
	Lakeland
	FL
	3800 Us Highway 98 N Ste 500
	33809
	Open Store
	Annc’d to Close

	3269
	326900
	Lantana
	FL
	1201 S Dixie
	33462
	Open Store
	Open Store

	2745
	274500
	Leesburg
	FL
	10401 Us Highway 441 Ste 2002
	34788
	Open Store
	Open Store

	9224
	922400
	Marathon
	FL
	5561 Overseas Hwy
	33050
	Open Store
	Open Store

	2245
	224500
	Melbourne
	FL
	1050 S Babcock St
	32901
	Open Store
	Annc’d to Close

	3074
	307400
	Miami
	FL
	14091 S W88Th St
	33186
	Open Store
	Open Store

	3793
	379300
	Miami
	FL
	12350 Sw 8Th Street
	33184
	Open Store
	Annc’d to Close

	4728
	472800
	Miami
	FL
	3825 7Th Street North W
	33126
	Open Store
	Open Store

	8065
	806500
	Miami
	FL
	3301 Nw 107Th Ave
	33178
	Non-retail
	Active Non-retail

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	5991
	599100
	Miami - Showroom
	FL
	6300 S Dixie Hwy
	33143
	Open Store
	Open Store

	1365
	136500
	Miami/Cutler Rdg
	FL
	20701 Sw 112Th Ave
	33189
	Open Store
	Open Store

	2056
	205600
	Mry Est/Ft Wltn Bch
	FL
	300 Mary Esther Blvd
	32569
	Open Store
	Annc’d to Close

	2695
	269500
	Naples
	FL
	2000 9Th StN
	34102
	Open Store
	Annc’d to Close

	5237
	523700
	Oakland Park
	FL
	3484 NE 12th Ave
	33334
	Open Store
	Open Store

	1006
	100600
	Ocala
	FL
	3100 Sw College Rd Ste 300
	34474
	Open Store
	Annc’d to Close

	8864
	886400
	Ocala
	FL
	5041 W Silver Springs Blvd
	34482
	Non-retail
	Active Non-retail

	2805
	280500
	Panama City
	FL
	733 N Highway 231
	32405
	Open Store
	Annc’d to Close

	1775
	177500
	Pembroke Pines
	FL
	12055 Pines Blvd
	33026
	Open Store
	Open Store

	31918
	3191800
	Pembroke Pines
	FL
	10501 Pines Blvd
	33026
	Closed Store
	Closed Store

	8066
	806600
	Pensacola
	FL
	7801 Sears Blvd
	32514
	Non-retail
	Active Non-retail

	8957
	895700
	Pensacola
	FL
	7801 Sears Blvd
	32514
	Non-retail
	Active Non-retail

	24019
	2401900
	Pensacola
	FL
	8761 Ely Rd; Unit B
	32514
	Non-retail
	Active Non-retail

	1205
	120500
	Pompano Beach
	FL
	2251 N Federal Hwy
	33062
	Open Store
	Annc’d to Close

	5962
	596200
	Pompano Beach -Showroom
	FL
	1742 W. Atlantic Blvd
	33069
	Open Store
	Open Store

	2145
	214500
	Port Charlotte
	FL
	1441 Tamiami Trl
	33948
	Open Store
	Open Store

	5976
	597600
	Sarasota
	FL
	5670 Fruitville Rd
	34232
	Open Store
	Open Store

	4355
	435500
	St. Petersburg
	FL
	4501 66Th Street N
	33709
	Open Store
	Open Store

	8815
	881500
	Sunrise
	FL
	900 International Parkway
	33323
	Non-retail
	Active Non-retail

	8895
	889500
	Tampa
	FL
	8640 Elm Fair Blvd
	33610
	Non-retail
	Active Non-retail

	24023
	2402300
	Tampa
	FL
	4713 Oak Fair Blvd
	33610
	Non-retail
	Active Non-retail

	1745
	174500
	Tampa/Westshore
	FL
	347 Westshore Plz
	33609
	Open Store
	Open Store

	1465
	146500
	Tampa-University
	FL
	2266 University Square Mall
	33612
	Open Store
	Annc’d to Close

	1066
	106600
	The Avenues
	FL
	10302 Southside Blvd
	32256
	Open Store
	Open Store

	7294
	729400
	Vero Beach
	FL
	1501 U S 1
	32960
	Open Store
	Open Store

	5959
	595900
	West Palm Bch - Showroom
	FL
	400 Northpoint Pkwy Ste403
	33407
	Open Store
	Open Store

	5185
	518500
	Winter Park
	FL
	500 S. Park Avenue
	32789
	Open Store
	Open Store

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	8825
	882500
	Winter Park
	FL
	3825 Forsyth Rd
	32792
	Non-retail
	Active Non-retail

	1385
	138500
	Atlanta
	GA
	1500 Cumberland Mall Se
	30339
	Open Store
	Annc’d to Close

	4931
	493100
	Augusta
	GA
	2417 Regency Blvd Ste 6
	30906
	Non-retail
	Active Non-retail

	3713
	371300
	Covington
	GA
	6239 Turner Lake Road
	30014
	Open Store
	Annc’d to Close

	2505
	250500
	Gainesville
	GA
	150 Pearl Nix Pkwy
	30501
	Open Store
	Open Store

	24018
	2401800
	Norcross
	GA
	1650 International Court, Unit 200
	30093
	Non-retail
	Active Non-retail

	3978
	397800
	Peachtree City
	GA
	400 Crosstown Road
	30269
	Open Store
	Annc’d to Close

	8872
	887200
	Pendergrass
	GA
	580 Raco Parkway
	30575
	Non-retail
	Active Non-retail

	1305
	130500
	Savannah
	GA
	7810 Abercorn St
	31406
	Open Store
	Annc’d to Close

	8902
	890200
	Savannah
	GA
	3 Patton Rd; Ste 150 Bldg G
	31405
	Non-retail
	Active Non-retail

	1578
	157800
	Aiea Oahu-Pearl Rdg
	HI
	98-180 Kamehameha Hwy
	96701
	Open Store
	Open Store

	2388
	238800
	Hilo(Sur)
	HI
	111 E Puainako St
	96720
	Open Store
	Open Store

	2388
	238802
	Hilo(Sur)
	HI
	111 E Puainako St
	96720
	Non-retail
	Active Non-retail

	1681
	168100
	Honolulu
	HI
	1505 Kapioloni Blvd
	96815
	Open Store
	Open Store

	6248
	624800
	Kahului
	HI
	142 Alamaha St
	96732
	Non-retail
	Active Non-retail

	36318
	3631800
	Kowloon
	HK
	8 ARGYLE STREET
	---
	Non-retail
	Active Non-retail

	36318
	3631803
	Kowloon
	HK
	8 ARGYLE STREET
	---
	Non-retail
	Active Non-retail

	36318
	3631804
	Shanhai
	HK
	Unit 01-11, Floor 7, Plaza 336
	---
	Non-retail
	Active Non-retail

	9220
	922000
	Algona
	IA
	1501 Hwy 169 N
	50511
	Open Store
	Open Store

	7767
	776700
	Charles City
	IA
	1405 South Grand
	50616
	Open Store
	Open Store

	9222
	922200
	Cherokee
	IA
	1111 N 2Nd
	51012
	Open Store
	Annc’d to Close

	3447
	344700
	Clive
	IA
	10331 University Ave
	50325
	Closed Store
	Closed Store

	3097
	309700
	Council Bluffs
	IA
	2803 E Kanesville Blvd
	51503
	Open Store
	Annc’d to Close

	45113
	4511300
	Des Moines
	IA
	1605 NE 58TH AVE
	64150
	Non-retail
	Active Non-retail

	2422
	242200
	Sioux City
	IA
	4480 Sergeant Rd
	51106
	Open Store
	Open Store

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	1072
	107200
	Waterloo
	IA
	2060 Crossroads Blvd
	50702
	Closed Store
	Closed Store

	9309
	930900
	Webster City
	IA
	2307 Superior
	50595
	Open Store
	Annc’d to Close

	1229
	122900
	Boise
	ID
	460 N Milwaukee St
	83704
	Open Store
	Annc’d to Close

	8711
	871100
	Boise
	ID
	7095 Bethel Street
	83704
	Non-retail
	Active Non-retail

	2278
	227800
	Idaho Falls
	ID
	2300 E 17Th St
	83404
	Open Store
	Open Store

	7033
	703300
	Lewiston
	ID
	1815-21St St
	83501
	Open Store
	Open Store

	7006
	700600
	Twin Falls
	ID
	2258 Addison Ave East
	83301
	Open Store
	Open Store

	7951
	795100
	Aurora
	IL
	4020 Fox Valley Center Dr
	60504
	Non-retail
	Active Non-retail

	2840
	284000
	Bloomington
	IL
	1631 E Empire St
	61701
	Open Store
	Annc’d to Close

	8844
	884400
	Bloomington
	IL
	3 Quest Dirve Units301-302
	61704
	Non-retail
	Active Non-retail

	4381
	438100
	Bridgeview
	IL
	7325 W 79Th Street
	60455
	Open Store
	Open Store

	8350
	835000
	Bridgeview
	IL
	7310 W 87TH ST
	60455
	Non-retail
	Active Non-retail

	25009
	2500900
	Bridgeview
	IL
	10004 S 76 Ave - Unit C
	60455
	Non-retail
	Active Non-retail

	25008
	2500800
	Buffalo Grove
	IL
	1005 Commerce Ct
	60089
	Non-retail
	Active Non-retail

	3371
	337100
	Chicago
	IL
	3443 W Addison
	60618
	Open Store
	Open Store

	37914
	3791400
	Chicago
	IL
	2 N State St
	60602
	Non-retail
	Active Non-retail

	4214
	421400
	Des Plaines
	IL
	1155 Oakton St
	60018
	Open Store
	Open Store

	36950
	3695000
	Elgin
	IL
	2428-2432 Bath Road
	60124
	Non-retail
	Active Non-retail

	8555
	855500
	Elk Grove Village
	IL
	1500 Higgins Rd
	60007
	Non-retail
	Active Non-retail

	24509
	2450900
	Elk Grove Vlg
	IL
	1370 E Higgins Rd; Unit B
	60007
	Non-retail
	Active Non-retail

	8730
	873000
	Granite City
	IL
	117 Industrial Dr
	62040
	Non-retail
	Active Non-retail

	45114
	4511400
	Granite City
	IL
	117 INDUSTRIAL DR
	62040
	Non-retail
	Active Non-retail

	1740
	174000
	Joliet
	IL
	3340 Mall Loop Dr
	60431
	Open Store
	Annc’d to Close

	440
	44000
	Manteno
	IL
	1600 N Boudreau Rd
	60950
	Non-retail
	Active Non-retail

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	8720
	872000
	Melrose Park
	IL
	2065 George St
	60160
	Non-retail
	Active Non-retail

	24544
	2454400
	Mokena
	IL
	8901 W 192Nd Street; Ste C
	60448
	Non-retail
	Active Non-retail

	4297
	429700
	Moline
	IL
	5000 23Rd Ave
	61265
	Open Store
	Annc’d to Close

	1212
	121200
	N Riverside
	IL
	7503 W Cermak Rd
	60546
	Open Store
	Open Store

	8262
	826200
	Naperville
	IL
	1835 Ferry Rd
	60563
	Non-retail
	Active Non-retail

	1290
	129000
	Niles
	IL
	400 Golf Mill Ctr
	60714
	Open Store
	Annc’d to Close

	9348
	934800
	Norridge
	IL
	4210 N Harlem Ave
	60706
	Open Store
	Annc’d to Close

	1300
	130000
	Oakbrook
	IL
	2 Oakbrook Ctr
	60523
	Open Store
	Open Store

	4433
	443300
	Quincy
	IL
	3701 Broadway St
	62301
	Open Store
	Annc’d to Close

	2990
	299000
	Rockford-Cherryvale
	IL
	7200 Harrison Ave
	61112
	Open Store
	Open Store

	8871
	887100
	Romeoville
	IL
	1701 W Normantown Road
	60446
	Non-retail
	Active Non-retail

	8934
	893400
	Romeoville
	IL
	1801 W. Normantown Road
	60446
	Non-retail
	Active Non-retail

	7289
	728900
	Steger
	IL
	3231 Chicago Rd
	60475
	Open Store
	Annc’d to Close

	9124
	912400
	Elwood
	IN
	1519 State Road 37 S
	46036
	Open Store
	Open Store

	8017
	801700
	Evansville
	IN
	333 N Plaza East Blvd
	47715
	Non-retail
	Active Non-retail

	8013
	801300
	Fort Wayne
	IN
	6420 Wilson Dr
	46806
	Non-retail
	Active Non-retail

	1830
	183000
	Ft Wayne
	IN
	4201 Coldwater Rd
	46805
	Open Store
	Annc’d to Close

	1470
	147000
	Greenwood
	IN
	1251 Us Highway 31 N
	46142
	Open Store
	Annc’d to Close

	9354
	935400
	Griffith
	IN
	430 W Ridge Rd
	46319
	Open Store
	Annc’d to Close

	8750
	875000
	Indianapolis
	IN
	5160 W 81St St - West Dock
	46268
	Non-retail
	Active Non-retail

	3823
	382300
	Jasper
	IN
	723 3Rd Ave
	47546
	Open Store
	Annc’d to Close

	7243
	724300
	Kokomo
	IN
	705 North Dixon
	46901
	Open Store
	Open Store

	9030
	903000
	Peru
	IN
	11 Sherwood Square
	46970
	Open Store
	Open Store

	7246
	724600
	Richmond
	IN
	3150 National Road West
	47374
	Open Store
	Open Store

	8014
	801400
	South Bend
	IN
	630 East Bronson Street
	46601
	Non-retail
	Active Non-retail

	2600
	260000
	Terre Haute
	IN
	3401 S Us Highway 41
	47802
	Open Store
	Annc’d to Close

	9122
	912200
	Warsaw
	IN
	3350 U S 30 East
	46580
	Open Store
	Open Store

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	4215
	421500
	Kansas City
	KS
	7836 State Ave
	66112
	Open Store
	Annc’d to Close

	8273
	827300
	Lawrence
	KS
	2400 Kresge Rd
	66049
	Non-retail
	Active Non-retail

	24512
	2451200
	Lenexa
	KS
	8246 Neiman Rd Bldg 1
	66214
	Non-retail
	Active Non-retail

	8420
	842000
	Olathe
	KS
	14804 117TH STREET
	66062
	Non-retail
	Active Non-retail

	7169
	716900
	Salina
	KS
	400 South Broadway
	67401
	Open Store
	Annc’d to Close

	8081
	808100
	Wichita
	KS
	2940 S Minneapolis Ave
	67216
	Non-retail
	Active Non-retail

	2546
	254600
	Bowling Green
	KY
	2625 Scottsville Rd
	42104
	Open Store
	Annc’d to Close

	3029
	302900
	Erlanger
	KY
	3071 Dixie Hwy
	41018
	Open Store
	Open Store

	7229
	722900
	Grayson
	KY
	600 C W Stevens Blvd
	41143
	Open Store
	Annc’d to Close

	8920
	892000
	Louisville
	KY
	3509 Bashford Ave
	40218
	Non-retail
	Active Non-retail

	24015
	2401500
	Louisville
	KY
	12900 Fenwick CenterDr; Ste B
	40223
	Non-retail
	Active Non-retail

	1790
	179000
	Louisville-Okolona
	KY
	4807 Outer Loop
	40219
	Open Store
	Annc’d to Close

	3941
	394100
	Russell Springs
	KY
	Northridge S/C Us Hwy 127
	42642
	Open Store
	Annc’d to Close

	7255
	725500
	Somerset
	KY
	411 Russell Dyche Hwy
	42501
	Open Store
	Open Store

	8896
	889600
	Gonzales
	LA
	810 Hwy 30 West; Suite F
	70737
	Non-retail
	Active Non-retail

	2016
	201600
	Hammond
	LA
	2000 Sw Railroad Ave
	70403
	Open Store
	Annc’d to Close

	8736
	873600
	Harahan
	LA
	624 Elmwood Pkwy
	70123
	Non-retail
	Active Non-retail

	1336
	133600
	Lake Charles
	LA
	640 W Prien Lake Rd
	70601
	Closed Store
	Closed Store

	1226
	122600
	Metairie
	LA
	4400 Veterans Mem Blvd
	70006
	Open Store
	Open Store

	4810
	481000
	Metairie
	LA
	2940 Veterans Blvd
	70002
	Open Store
	Open Store

	7223
	722300
	Metairie
	LA
	7000 Veterans Memorial
	70003
	Open Store
	Annc’d to Close

	24564
	2456403
	St Rose
	LA
	110 Widgeon Dr; Ste 190
	70087
	Non-retail
	Active Non-retail

	7104
	710400
	Acton
	MA
	252 Main St
	1720
	Open Store
	Open Store

	1213
	121300
	Auburn
	MA
	385 Southbridge St
	1501
	Open Store
	Open Store

	3288
	328800
	Billerica
	MA
	484 Boston Rd
	1821
	Open Store
	Open Store

	4407
	440700
	Brockton
	MA
	2001 Main Street
	2301
	Open Store
	Open Store

	1343
	134300
	Cambridge
	MA
	100 Cambridgeside Pl
	2141
	Open Store
	Annc’d to Close

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	4444
	444400
	Fitchburg
	MA
	140 Whalon St
	1420
	Closed Store
	Closed Store

	1243
	124300
	Hanover
	MA
	1775 Washington St
	2339
	Open Store
	Open Store

	1273
	127300
	Holyoke
	MA
	50 Holyoke St
	1040
	Open Store
	Annc’d to Close

	2323
	232300
	Hyannis
	MA
	793 Lyannough Road Rte 132
	2601
	Open Store
	Annc’d to Close

	3040
	304000
	Hyannis
	MA
	768 Iyanough Rd
	2601
	Open Store
	Open Store

	1133
	113300
	Leominster
	MA
	100 Commercial Rd
	1453
	Open Store
	Open Store

	1403
	140300
	Natick
	MA
	1235 Worcester Rd &
	1760
	Open Store
	Annc’d to Close

	2373
	237300
	No Dartmouth
	MA
	100 N Dartmouth Mall
	2747
	Open Store
	Open Store

	1053
	105300
	Saugus
	MA
	1325 Broadway
	1906
	Open Store
	Open Store

	3486
	348600
	Somerville
	MA
	77 Middlesex Ave
	2145
	Open Store
	Open Store

	9692
	969200
	Webster
	MA
	Route 12
	1570
	Open Store
	Open Store

	8851
	885100
	Westwood
	MA
	349 University Ave
	2090
	Non-retail
	Active Non-retail

	1725
	172500
	Annapolis
	MD
	1040 Annapolis Mall
	21401
	Open Store
	Open Store

	3256
	325600
	Baltimore
	MD
	8980 Waltham Woods Rd
	21234
	Open Store
	Open Store

	24504
	2450400
	Baltimore
	MD
	2700 Lord Baltimore Dr; Ste 140
	21244
	Non-retail
	Active Non-retail

	2823
	282300
	Baltimore/E Pt
	MD
	7885 Eastern Blvd
	21224
	Closed Store
	Closed Store

	1424
	142400
	Bethesda
	MD
	7103 Democracy Blvd
	20817
	Open Store
	Open Store

	2034
	203400
	Bowie
	MD
	15700 Emerald Way
	20716
	Open Store
	Annc’d to Close

	1844
	184400
	Columbia
	MD
	10300 Little Patuxent Pkwy
	21044
	Open Store
	Annc’d to Close

	8814
	881400
	Columbia
	MD
	8700 Robert Fulton Drive
	21046
	Non-retail
	Active Non-retail

	2774
	277400
	Cumberland
	MD
	1262 Vocke Rd
	21502
	Open Store
	Open Store

	7713
	771300
	Edgewater
	MD
	3207 Solomons Island Rd
	21037
	Open Store
	Open Store

	2664
	266400
	Frederick
	MD
	5500 Buckeystown Pike
	21703
	Open Store
	Open Store

	3131
	313100
	Frederick
	MD
	1003 W Patrick St
	21702
	Open Store
	Open Store

	1754
	175400
	Gaithersburg
	MD
	701 Russell Ave
	20877
	Open Store
	Open Store

	3172
	317200
	Hagerstown
	MD
	1713 Massey Blvd
	21740
	Open Store
	Open Store

	3798
	379800
	Hyattsville
	MD
	6411 Riggs Road
	20783
	Open Store
	Open Store

	9277
	927700
	Odenton
	MD
	1781 Crossroads Dr
	21113
	Non-retail
	Active Non-retail

	3654
	365400
	Oxon Hill
	MD
	6163 Oxon Hill Road
	20745
	Open Store
	Annc’d to Close

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	3807
	380700
	Prince Frederick
	MD
	835 Solomons Island Rd N
	20678
	Open Store
	Annc’d to Close

	1773
	177300
	Salisbury
	MD
	2306 N Salisbury Blvd
	21801
	Open Store
	Open Store

	4399
	439900
	Silver Spring
	MD
	14014 Connecticut Ave
	20906
	Open Store
	Open Store

	7673
	767300
	Stevensville
	MD
	200 Kent Landing
	21666
	Open Store
	Open Store

	2963
	296300
	Westminster
	MD
	400 N Center St
	21157
	Open Store
	Annc’d to Close

	3021
	302100
	Auburn
	ME
	603 Center St
	4210
	Open Store
	Open Store

	7133
	713300
	Augusta
	ME
	58 Western Avenue
	4330
	Open Store
	Open Store

	2203
	220300
	Brunswick
	ME
	8 Gurnet Rd
	4011
	Open Store
	Open Store

	9521
	952100
	Madawaska
	ME
	417 Main Street
	4756
	Open Store
	Annc’d to Close

	2183
	218302
	So Portland
	ME
	400 Maine Mall Rd
	4106
	Non-retail
	Active Non-retail

	3380
	338000
	Waterville
	ME
	18 Elm Plaza
	4901
	Open Store
	Open Store

	1390
	139000
	Ann Arbor
	MI
	900 Briarwood Cir
	48108
	Open Store
	Annc’d to Close

	3155
	315500
	Belleville
	MI
	2095 Rawsonville Rd
	48111
	Open Store
	Open Store

	3820
	382000
	Charlevoix
	MI
	06600 M-66 North
	49720
	Open Store
	Annc’d to Close

	9557
	955700
	Grayling
	MI
	2425 S Grayling
	49738
	Open Store
	Open Store

	3819
	381900
	Hastings
	MI
	802 West State Street
	49058
	Open Store
	Open Store

	2050
	205000
	Jackson
	MI
	1250 Jackson XingI-94
	49202
	Open Store
	Annc’d to Close

	3308
	330800
	Lake Orion
	MI
	1025 M-24
	48360
	Open Store
	Annc’d to Close

	1170
	117000
	Lansing
	MI
	3131 E Michigan Ave
	48912
	Open Store
	Open Store

	1250
	125000
	Lincoln Park
	MI
	2100 Southfield Rd
	48146
	Open Store
	Annc’d to Close

	8830
	883000
	Livonia
	MI
	12001 Sears Ave
	48150
	Non-retail
	Active Non-retail

	3841
	384100
	Marshall
	MI
	15861 Michigan Avenue
	49068
	Open Store
	Open Store

	7068
	706800
	Midland
	MI
	1820 S Saginaw Rd
	48640
	Open Store
	Open Store

	9593
	959300
	Oscoda
	MI
	5719 N US 23
	48750
	Open Store
	Open Store

	6232
	623200
	Roseville
	MI
	32123 Gratiot Ave
	48066
	Open Store
	Open Store

	8982
	898200
	Saginaw
	MI
	3202 W. Sawyer Drive
	48601
	Non-retail
	Active Non-retail

	1490
	149000
	Troy
	MI
	300 W 14 Mile Rd
	48083
	Closed Store
	Closed Store

	3379
	337900
	Waterford Twp.
	MI
	5100 Dixie Hwy
	48329
	Open Store
	Open Store

	8949
	894900
	Wayland
	MI
	1172 147Th Street
	49348
	Non-retail
	Active Non-retail

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	24651
	2465100
	Wixom
	MI
	46985 Enterprise Ct
	48393
	Non-retail
	Active Non-retail

	8134
	813400
	Wyoming
	MI
	3455 Byron Center SW
	49519
	Non-retail
	Active Non-retail

	8162
	816200
	Eden Prairie
	MN
	7615 Golden Triangle Dr
	55344
	Non-retail
	Active Non-retail

	9689
	968900
	International Falls
	MN
	1606 Hwy 11-71
	56649
	Open Store
	Open Store

	1112
	111200
	Minnetonka
	MN
	12431 Wayzata Blvd
	55305
	Open Store
	Annc’d to Close

	4351
	435100
	Rochester
	MN
	201 Ninth St S E
	55904
	Open Store
	Open Store

	1052
	105200
	St Paul
	MN
	425 Rice St
	55103
	Open Store
	Annc’d to Close

	3059
	305900
	St. Paul
	MN
	245 E Maryland Ave
	55117
	Open Store
	Open Store

	24546
	2454600
	Bridgeton
	MO
	12930 Hollenberg Dr
	63044
	Non-retail
	Active Non-retail

	7021
	702100
	Cape Girardeau
	MO
	11 South Kings Hwy 61
	63703
	Open Store
	Annc’d to Close

	9353
	935300
	Crystal City
	MO
	155 Twin City Mall
	63019
	Open Store
	Open Store

	7323
	732300
	Fenton
	MO
	639 Gravois Bluffs Blvd; Ste B
	63026
	Non-retail
	Active Non-retail

	4304
	430400
	Florissant
	MO
	1 Flower Valley Shp Ctr
	63033
	Open Store
	Annc’d to Close

	1042
	104202
	Joplin
	MO
	101 N Rangeline Rd
	64801
	Non-retail
	Active Non-retail

	7324
	732400
	O’Fallon
	MO
	20 O’Fallon Square
	63366
	Closed Store
	Closed Store

	8701
	870100
	Riverside
	MO
	761 Nw Parkway
	64150
	Non-retail
	Active Non-retail

	4026
	402600
	St. Joseph
	MO
	2901-5 N Belt Hwy
	64506
	Open Store
	Annc’d to Close

	2939
	293900
	Biloxi
	MS
	2600 Beach Rd
	39531
	Open Store
	Open Store

	7719
	771900
	Columbus
	MS
	2308 Highway 45 N
	39701
	Open Store
	Annc’d to Close

	9520
	952000
	Gulfport
	MS
	12057-A Highway 49
	39503
	Open Store
	Open Store

	88776
	8877600
	Olive Branch
	MS
	10425 Ridgewood Dr
	38654
	Non-retail
	Active Non-retail

	2106
	210600
	Tupelo
	MS
	1001 Barnes Crossing Rd
	38804
	Open Store
	Open Store

	9808
	980800
	Hamilton
	MT
	1235 North First Street
	59840
	Open Store
	Open Store

	4814
	481400
	Havre
	MT
	3180 Highway 2 West
	59501
	Closed Store
	Closed Store

	7030
	703000
	Kalispell
	MT
	2024 Us Hwy 2 E
	59901
	Open Store
	Open Store

	3886
	388600
	Asheville
	NC
	980 Brevard Road
	28806
	Open Store
	Open Store

	4112
	411200
	Asheville
	NC
	1001 Patton Ave
	28806
	Open Store
	Annc’d to Close

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	2105
	210500
	Burlington
	NC
	100 Colonial Mall
	27215
	Open Store
	Open Store

	8319
	831900
	Charlotte
	NC
	9801 A Southern Pine Blvd
	28273
	Non-retail
	Active Non-retail

	8822
	882200
	Charlotte
	NC
	4800 A Sirus Ln
	28208
	Non-retail
	Active Non-retail

	24005
	2400500
	Charlotte
	NC
	8301 Arrowridge Blvd; Suite A
	28273
	Non-retail
	Active Non-retail

	7208
	720800
	Clemmons
	NC
	2455 Lewisville-Clemmon
	27012
	Open Store
	Open Store

	1045
	104500
	Durham-Northgate
	NC
	1620 Guess Rd
	27701
	Open Store
	Open Store

	1405
	140500
	Fayetteville
	NC
	400 Cross Creek Mall
	28303
	Open Store
	Annc’d to Close

	2225
	222500
	Goldsboro
	NC
	703 N Berkeley Blvd
	27534
	Open Store
	Annc’d to Close

	8704
	870400
	Greensboro
	NC
	651A Brigham Rd
	27409
	Non-retail
	Active Non-retail

	24608
	2460800
	Greensboro
	NC
	4523 Green Point Drive
	27410
	Non-retail
	Active Non-retail

	30961
	3096103
	Greensboro
	NC
	300 PENRY RD
	27405
	Non-retail
	Active Non-retail

	2755
	275500
	Jacksonville
	NC
	344 Jacksonville Mall
	28546
	Open Store
	Open Store

	9619
	961900
	Morehead City
	NC
	4841 Arendell St
	28557
	Open Store
	Open Store

	9549
	954900
	Morganton
	NC
	110-112 Bost Rd
	28655
	Open Store
	Open Store

	1646
	164600
	Pineville
	NC
	11033 Carolina Place Pkwy
	28134
	Open Store
	Annc’d to Close

	3667
	366700
	Raleigh
	NC
	8701 Six Forks Road
	27615
	Open Store
	Open Store

	4450
	445000
	Raleigh
	NC
	4500 Western Blvd
	27606
	Open Store
	Annc’d to Close

	7385
	738500
	Raleigh
	NC
	819 E Six Forks Rd
	27609
	Non-retail
	Active Non-retail

	1805
	180500
	Raleigh (Crabtree)
	NC
	4601 Glenwood Ave Unit 1
	27612
	Open Store
	Annc’d to Close

	3808
	380800
	Statesville
	NC
	1530 East Broad Street
	28625
	Open Store
	Annc’d to Close

	7626
	762600
	Waynesville
	NC
	1300 Dellwood Road
	28786
	Open Store
	Open Store

	3116
	311600
	Wilmington
	NC
	815 S College Rd
	28403
	Closed Store
	Closed Store

	1375
	137500
	Winston Salem
	NC
	3320 Silas Creek Pkwy
	27103
	Open Store
	Open Store

	4272
	427200
	Bismarck
	ND
	2625 State St
	58503
	Open Store
	Open Store

	4057
	405700
	Fargo
	ND
	2301 S University Dr
	58103
	Open Store
	Open Store

	4022
	402200
	Grand Forks
	ND
	1900 S Washington St
	58201
	Open Store
	Open Store

	4353
	435300
	Minot
	ND
	1-20Th Ave S E
	58701
	Open Store
	Open Store

	9319
	931900
	Alliance
	NE
	1515 W 3Rd
	69301
	Open Store
	Open Store

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	2421
	242100
	Grand Island
	NE
	175 Conestoga Mall
	68803
	Open Store
	Open Store

	2023
	202300
	Concord
	NH
	270 Loudon Rd
	3301
	Open Store
	Open Store

	3175
	317500
	Hooksett
	NH
	1267 Hooksett Rd
	3106
	Open Store
	Open Store

	8703
	870300
	Kingston
	NH
	266 Route 125
	3848
	Non-retail
	Active Non-retail

	2443
	244300
	Manchester
	NH
	1500 S Willow St
	3103
	Open Store
	Annc’d to Close

	1313
	131300
	Nashua
	NH
	310 Daniel Webster Hwy Ste 102
	3060
	Open Store
	Open Store

	1313
	131302
	Nashua
	NH
	310 Daniel Webster Hwy Ste 102
	3060
	Non-retail
	Active Non-retail

	2663
	266300
	Portsmouth
	NH
	50 Fox Run Rd Ste 74
	3801
	Open Store
	Annc’d to Close

	1003
	100300
	Salem
	NH
	77 Rockingham Park Blvd
	3079
	Open Store
	Annc’d to Close

	4448
	444800
	Salem
	NH
	161 S Broadway
	3079
	Open Store
	Open Store

	7048
	704800
	West Lebanon
	NH
	200 S Main
	3784
	Open Store
	Open Store

	3438
	343800
	Avenel
	NJ
	1550 St George Ave
	7001
	Open Store
	Open Store

	7177
	717700
	Belleville
	NJ
	371-411 Main Street
	7109
	Open Store
	Open Store

	1464
	146400
	Deptford
	NJ
	1750 Deptford Cener Rd
	8096
	Open Store
	Annc’d to Close

	24603
	2460300
	East Hanover
	NJ
	50 Williams Parkway
	7936
	Non-retail
	Active Non-retail

	1204
	120400
	Freehold
	NJ
	3710 US Hwy 9 Ste 1100
	7728
	Open Store
	Open Store

	3393
	339300
	Glassboro
	NJ
	779 Delsea Dr N
	8028
	Open Store
	Annc’d to Close

	3499
	349900
	Kearny
	NJ
	200 Passaic Ave
	7032
	Open Store
	Open Store

	9395
	939500
	Lawnside
	NJ
	200 White Horse Pike
	8045
	Closed Store
	Closed Store

	1574
	157400
	Middletown
	NJ
	1500 Highway 35
	7748
	Open Store
	Annc’d to Close

	24649
	2464900
	Moorestown
	NJ
	41 TWISOME DR
	8057
	Non-retail
	Active Non-retail

	78714
	7871400
	Secaucus
	NJ
	1000 New County Road
	7094
	Non-retail
	Active Non-retail

	8835
	883500
	Swedesboro
	NJ
	2100 Center Square Road, Suite 125 (Bldg. K)
	8085
	Non-retail
	Active Non-retail

	3071
	307100
	Toms River
	NJ
	213 Highway 37 E
	8753
	Open Store
	Open Store

	4478
	447800
	Trenton
	NJ
	1061 Whitehorse-Mercervil
	8610
	Open Store
	Open Store

	7602
	760200
	Wall
	NJ
	1825 Highway 35
	7719
	Open Store
	Open Store

	8380
	838000
	Wall Township
	NJ
	1324 Wyckoff Road
	7753
	Non-retail
	Active Non-retail

	1434
	143400
	Wayne
	NJ
	50 Route 46
	7470
	Open Store
	Open Store

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	3056
	305600
	Wayne
	NJ
	1020 Hamburg Turnpike
	7470
	Open Store
	Open Store

	4470
	447000
	West Long Branch
	NJ
	108 Monmouth Rd
	7764
	Open Store
	Open Store

	9413
	941300
	West Orange
	NJ
	235 Prospect Ave
	7052
	Open Store
	Open Store

	3202
	320200
	Westwood
	NJ
	700 Broadway
	7675
	Open Store
	Open Store

	8905
	890500
	Albuquerque
	NM
	5921 Midway Park Blvd NE
	87109
	Non-retail
	Active Non-retail

	1287
	128700
	Coronado
	NM
	6600 Menaul Blvd Ne Ste 700
	87110
	Open Store
	Annc’d to Close

	2597
	259700
	Farmington
	NM
	4601 E Main St
	87402
	Open Store
	Open Store

	7035
	703500
	Farmington
	NM
	3000 East Main St
	87402
	Open Store
	Open Store

	7016
	701600
	Hobbs
	NM
	2220 North Grimes St
	88240
	Open Store
	Open Store

	2527
	252700
	Las Cruces
	NM
	700 S Telshor Blvd
	88011
	Open Store
	Open Store

	3301
	330100
	Santa Fe
	NM
	1712 St Michael’S Dr
	87505
	Open Store
	Open Store

	3592
	359200
	Las Vegas
	NV
	5051 E Bonanza Rd
	89110
	Open Store
	Open Store

	8970
	897000
	Las Vegas
	NV
	4320 N Lamb Blvd; Bldg 1 Ste 500
	89115
	Non-retail
	Active Non-retail

	5864
	586400
	Las Vegas - Showroom
	NV
	7370 S Dean Martin Drive Suite 401
	89139
	Open Store
	Open Store

	1328
	132800
	Las Vegas(Blvd)
	NV
	3450 S Maryland Pkwy
	89109
	Open Store
	Open Store

	1668
	166800
	Las Vegas(Meadows)
	NV
	4000 Meadow Ln
	89107
	Open Store
	Open Store

	5779
	577900
	Reno - Mcphails Showroom
	NV
	7525 Colbert Dr Ste 108
	89511
	Open Store
	Open Store

	30960
	3096000
	Sparks
	NV
	1750 FRANKLIN WAY
	89431
	Non-retail
	Active Non-retail

	4741
	474100
	Batavia
	NY
	8363 Lewiston Road
	14020
	Open Store
	Annc’d to Close

	9589
	958900
	Bath
	NY
	Plaza 15Route 415
	14810
	Open Store
	Open Store

	9423
	942300
	Bridgehampton
	NY
	2044 Montauk Hwy
	11932
	Open Store
	Open Store

	9420
	942000
	Bronx
	NY
	1998 Bruckner Blvd
	10473
	Open Store
	Open Store

	3415
	341500
	Buffalo
	NY
	1001 Hertel Avenue
	14216
	Open Store
	Open Store

	1984
	198400
	Buffalo/Hamburg
	NY
	S 3701 Mckinley Pkwy
	14219
	Open Store
	Open Store

	8854
	885400
	Cheektowaga
	NY
	60 Industrial Parkway
	14227
	Non-retail
	Active Non-retail

	1623
	162300
	Clay
	NY
	4155 State Rt 31
	13041
	Closed Store
	Closed Store

	2453
	245300
	Glens Falls
	NY
	Aviation Rd
	12804
	Open Store
	Annc’d to Close

	9274
	927400
	Greenwich
	NY
	West Main St R D #1
	12834
	Open Store
	Open Store

	7065
	706500
	Horseheads
	NY
	1020 Center Street
	14845
	Open Store
	Open Store

	9381
	938100
	Huntington
	NY
	839 New York Ave
	11743
	Open Store
	Open Store

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	2584
	258400
	Lakewood
	NY
	Rt 394 & Hunt Blvd
	14750
	Open Store
	Annc’d to Close

	9415
	941500
	Mahopac
	NY
	987 Route 6
	10541
	Open Store
	Annc’d to Close

	4034
	403400
	Mattydale
	NY
	2803 Brewerton Rd
	13211
	Open Store
	Open Store

	24601
	2460100
	Melville
	NY
	35 Melville Park Rd
	11747
	Non-retail
	Active Non-retail

	8959
	895900
	Menands
	NY
	279 Broadway
	12204
	Non-retail
	Active Non-retail

	1414
	141400
	Nanuet
	NY
	75 W Route 59 Ste 100
	10954
	Open Store
	Annc’d to Close

	2933
	293300
	New Hyde Park
	NY
	1400 Union Tpke
	11040
	Open Store
	Annc’d to Close

	24593
	2459300
	New Rochelle
	NY
	5 Plain Ave
	10801
	Non-retail
	Active Non-retail

	7749
	774900
	New York
	NY
	250 W 34Th St
	10119
	Open Store
	Open Store

	7777
	777700
	New York
	NY
	770 Broadway
	10003
	Open Store
	Open Store

	2593
	259300
	Newburgh
	NY
	1401 Route 300
	12550
	Open Store
	Open Store

	4123
	412300
	Niagara Falls
	NY
	2590 Military Rd
	14304
	Open Store
	Annc’d to Close

	4868
	486800
	Riverhead
	NY
	605 Old Country Rd
	11901
	Open Store
	Annc’d to Close

	8102
	810200
	Rochester
	NY
	100 Mushroom Blvd
	14623
	Non-retail
	Active Non-retail

	2173
	217300
	Saratoga
	NY
	3065 Route 50
	12866
	Open Store
	Open Store

	3600
	360000
	Schenectady
	NY
	93 West Campbell Rd
	12306
	Open Store
	Annc’d to Close

	7676
	767600
	Sidney
	NY
	171 Delaware Ave
	13838
	Open Store
	Open Store

	1624
	162400
	Staten Island
	NY
	283 Platinum Ave
	10314
	Open Store
	Open Store

	8753
	875300
	Syosset
	NY
	225 Robbins Lane
	11791
	Non-retail
	Active Non-retail

	1584
	158400
	Victor
	NY
	200 Eastview Mall
	14564
	Open Store
	Annc’d to Close

	2683
	268300
	Watertown
	NY
	I-81 & Arsenal Rt 3
	13601
	Open Store
	Open Store

	7677
	767700
	Wellsville
	NY
	121 Bolivar Rd
	14895
	Open Store
	Open Store

	9392
	939200
	West Seneca
	NY
	349 Orchard Park Rd
	14224
	Open Store
	Annc’d to Close

	1674
	167400
	White Plains
	NY
	100 Main St
	10601
	Open Store
	Open Store

	9416
	941600
	White Plains
	NY
	399 Tarrytown Rd
	10607
	Open Store
	Open Store

	1733
	173300
	Yonkers
	NY
	Rte 87(Ny St)& Cross Ct Pkwy
	10704
	Open Store
	Open Store

	9414
	941400
	Yorktown Heights
	NY
	Rte 118, 355 Downing Dr
	10598
	Open Store
	Open Store

	1944
	194400
	Yorktown Hts
	NY
	600 Lee Blvd
	10598
	Open Store
	Annc’d to Close

	7383
	738300
	Barberton
	OH
	241 Wooster Rd North
	44203
	Open Store
	Open Store

	3286
	328600
	Brunswick
	OH
	3301 Center Rd
	44212
	Open Store
	Open Store

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	1410
	141000
	Canton
	OH
	4100 Belden Village Mall
	44718
	Open Store
	Open Store

	4937
	493700
	Chillicothe
	OH
	1470 North Bridge Street
	45601
	Open Store
	Annc’d to Close

	1810
	181000
	Cincinnati-Eastgate
	OH
	4595 Eastgate Blvd
	45245
	Open Store
	Open Store

	3013
	301300
	Cleveland
	OH
	7701 Broadview Road
	44131
	Open Store
	Open Store

	8790
	879000
	Cleveland
	OH
	4620 Hickley Industrial Pkwy
	44109
	Non-retail
	Active Non-retail

	8712
	871200
	Columbus
	OH
	1621 Georgesville Rd
	43228
	Non-retail
	Active Non-retail

	8862
	886200
	Columbus
	OH
	5330 Crosswind Dr; Ste A
	43228
	Non-retail
	Active Non-retail

	24545
	2454500
	Columbus
	OH
	2204 City Gate Drive
	43219
	Non-retail
	Active Non-retail

	1560
	156000
	Dayton Mall
	OH
	2700 Miamisburg Centerville Rd
	45459
	Open Store
	Annc’d to Close

	7209
	720900
	East Liverpool
	OH
	15891 State Rt 170
	43920
	Open Store
	Annc’d to Close

	9096
	909600
	Fostoria
	OH
	620 Plaza Dr
	44830
	Open Store
	Open Store

	7595
	759500
	Gahanna
	OH
	845 Claycraft Road
	43230
	Non-retail
	Active Non-retail

	7397
	739700
	Grove City
	OH
	2400 Stringtown Road
	43123
	Open Store
	Open Store

	30962
	3096204
	Groveport
	OH
	5765 GREEN POINTE DRIVE
	43125
	Non-retail
	Active Non-retail

	7644
	764400
	Harrison
	OH
	10560 Harrison Avenue
	45030
	Open Store
	Open Store

	25016
	2501600
	Lewis Center
	OH
	8482 COTTER ST
	43035
	Non-retail
	Active Non-retail

	7477
	747700
	Marietta
	OH
	502 Pike Street
	45750
	Open Store
	Open Store

	4257
	425700
	Middleburg Heights
	OH
	17840 Bagley Rd
	44130
	Open Store
	Annc’d to Close

	1430
	143000
	Middleburg Hts
	OH
	6950 W 130Th St
	44130
	Non-retail
	Active Non-retail

	8918
	891800
	Monroe
	OH
	4425 Salzman Road
	45044
	Non-retail
	Active Non-retail

	1564
	156400
	Niles
	OH
	5320 Youngstown Rd
	44446
	Open Store
	Annc’d to Close

	3243
	324300
	North Canton
	OH
	1447 N Main St
	44720
	Open Store
	Open Store

	1210
	121000
	Polaris
	OH
	1400 Polaris Pkwy
	43240
	Open Store
	Open Store

	2104
	210400
	St Clairsville
	OH
	Banfield Rd & I-70
	43950
	Open Store
	Open Store

	3142
	314200
	Tallmadge
	OH
	555 South Ave
	44278
	Open Store
	Open Store

	24538
	2453800
	Warrensvll Ht
	OH
	4829 Galaxy Pky
	44128
	Non-retail
	Active Non-retail

	4782
	478200
	Clinton
	OK
	2501 Redwheat Drive
	73601
	Open Store
	Open Store

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	26716
	2671600
	Lawton
	OK
	416 Se F Ave
	73501
	Non-retail
	Active Non-retail

	2311
	231100
	Norman
	OK
	3201 W Main St
	73072
	Open Store
	Annc’d to Close

	1091
	109100
	Okla City/Sequoyah
	OK
	4400 S Western Ave
	73109
	Closed Store
	Closed Store

	8931
	893100
	Oklahoma City
	OK
	1425 S Central
	73129
	Non-retail
	Active Non-retail

	4363
	436300
	Tulsa
	OK
	3643 S 73Rd East Ave
	74145
	Non-retail
	Active Non-retail

	24024
	2402400
	Tulsa
	OK
	12626 E. 60Th Street
	74146
	Non-retail
	Active Non-retail

	1151
	115100
	Tulsa Woodland Hls
	OK
	6929 S Memorial Dr
	74133
	Open Store
	Annc’d to Close

	4455
	445500
	Beaverton
	OR
	3955 S W Murray Blvd
	97005
	Open Store
	Annc’d to Close

	6374
	637400
	Clackamas
	OR
	14658 Se 82Nd Dr
	97015
	Non-retail
	Active Non-retail

	24562
	2456200
	Clackamas
	OR
	16131 Se Evelyn Street
	97015
	Non-retail
	Active Non-retail

	3839
	383900
	Corvallis
	OR
	400 North East Circle Blv
	97330
	Open Store
	Open Store

	8883
	888300
	Eugene
	OR
	4725 Pacific Ave
	97402
	Non-retail
	Active Non-retail

	1119
	111900
	Happy Valley
	OR
	11800 SE 82nd Ave
	97086
	Open Store
	Annc’d to Close

	2179
	217900
	Medford
	OR
	501 Medford Ctr
	97504
	Open Store
	Open Store

	8228
	822800
	Portland
	OR
	12402 Ne Marx Street
	97230
	Non-retail
	Active Non-retail

	8841
	884100
	Portland
	OR
	15427 Ne Airport Way
	97230
	Non-retail
	Active Non-retail

	2715
	271500
	Salem
	OR
	955 Lancaster Dr Ne
	97301
	Open Store
	Annc’d to Close

	2119
	211900
	Salem(Lancaster)
	OR
	827 Lancaster Dr Ne
	97301
	Open Store
	Annc’d to Close

	3888
	388800
	The Dalles
	OR
	2640 West Sixth St
	97058
	Open Store
	Open Store

	1079
	107900
	Washington Sq
	OR
	9800 Sw Washington Square Rd
	97223
	Open Store
	Annc’d to Close

	3361
	336100
	Allentown
	PA
	1502 South Fourth St
	18103
	Open Store
	Annc’d to Close

	8744
	874400
	Allentown
	PA
	1820 Race Street
	18109
	Non-retail
	Active Non-retail

	2494
	249400
	Altoona
	PA
	5580 Goods Lane Suite 1005
	16602
	Open Store
	Open Store

	4150
	415000
	Altoona
	PA
	528 W Plank Road
	16602
	Open Store
	Annc’d to Close

	8875
	887500
	Altoona
	PA
	700 N Third Avenue
	16601
	Non-retail
	Active Non-retail

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	1454
	145400
	Bensalem/Crnwls Hts
	PA
	100 Neshaminy Mall
	19020
	Open Store
	Annc’d to Close

	9161
	916100
	Berwick
	PA
	1520 W Front St
	18603
	Open Store
	Open Store

	24411
	2441100
	Bridgeville
	PA
	300 Bursca Drive; Suite 303
	15017
	Non-retail
	Active Non-retail

	1711
	171100
	Camp Hill
	PA
	3505 Capitol Hill City Mall Dr
	17011
	Open Store
	Open Store

	7746
	774600
	Carlisle
	PA
	1180 Walnut Bottom Rd
	17013
	Open Store
	Annc’d to Close

	3225
	322500
	Chambersburg
	PA
	1005 Wayne Ave
	17201
	Open Store
	Open Store

	8781
	878100
	Chambersburg
	PA
	1475 Nitterhouse Dr
	17201
	Non-retail
	Active Non-retail

	7293
	729300
	Clifton Heights
	PA
	713 E Baltimore Pike
	19018
	Open Store
	Open Store

	3911
	391100
	Columbia
	PA
	3975 Columbia Ave
	17512
	Open Store
	Open Store

	3737
	373700
	Doylestown
	PA
	4377 Route 313
	18901
	Open Store
	Open Store

	2124
	212400
	Dubois
	PA
	5522 Shaffer Rd Ste 129
	15801
	Open Store
	Annc’d to Close

	7192
	719200
	Easton
	PA
	320 South 25Th Street
	18042
	Open Store
	Open Store

	3266
	326600
	Edwardsville
	PA
	U S Route 11 Mark Plaza
	18704
	Open Store
	Open Store

	3963
	396300
	Elizabethtown
	PA
	1605 South Market Street
	17022
	Open Store
	Open Store

	9662
	966200
	Ephrata
	PA
	1127 S State St
	17522
	Open Store
	Open Store

	4113
	411300
	Erie
	PA
	2873 W 26Th Street
	16506
	Open Store
	Open Store

	24517
	2451700
	Export
	PA
	1022 Corporate Lane, Bldg #2
	15632
	Non-retail
	Active Non-retail

	8873
	887300
	Gouldsboro
	PA
	400 First Avenue
	18424
	Non-retail
	Active Non-retail

	2244
	224400
	Hanover
	PA
	1155 Carlisle St Ste 5
	17331
	Closed Store
	Closed Store

	6814
	681400
	Hermitage
	PA
	3235 E State-Shennango Vly Ml
	16148
	Open Store
	Annc’d to Close

	3597
	359700
	Holmes
	PA
	600 Macdade Blvd
	19043
	Open Store
	Open Store

	7470
	747000
	Hummelstown
	PA
	1170 Mae Street
	17036
	Open Store
	Annc’d to Close

	1064
	106400
	Langhrn/Oxford Vly
	PA
	2300 E Lincoln Hwy
	19047
	Open Store
	Annc’d to Close

	7699
	769900
	Lebanon
	PA
	1745 Quentin
	17042
	Open Store
	Open Store

	7372
	737200
	Leechburg
	PA
	451 Hude Park Road
	15656
	Open Store
	Open Store

	3884
	388400
	Matamoras
	PA
	111 Hulst Dr, Ste 722
	18336
	Open Store
	Annc’d to Close

	433
	43300
	Middletown
	PA
	2040 N Union St
	17057
	Non-retail
	Active Non-retail

	8275
	827500
	Morrisville
	PA
	One Kresge Rd
	19030
	Non-retail
	Active Non-retail

	6254
	625400
	New Castle
	PA
	2500 W State StUnion Plz
	16101
	Open Store
	Open Store

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	7083
	708300
	New Castle
	PA
	2650 Ellwood Rd
	16101
	Open Store
	Open Store

	4054
	405400
	New Kensington
	PA
	100 Tarentum Rd
	15068
	Open Store
	Annc’d to Close

	4064
	406400
	North Versailles
	PA
	1901 Lincoln Hwy
	15137
	Open Store
	Open Store

	3527
	352700
	Philadelphia
	PA
	7101 Roosevelt Blvd
	19149
	Open Store
	Open Store

	9409
	940900
	Phoenixville
	PA
	1000 Nutt Rd
	19460
	Open Store
	Annc’d to Close

	4010
	401000
	Pittsburgh
	PA
	880 Butler Street
	15223
	Open Store
	Annc’d to Close

	8724
	872400
	Pittsburgh
	PA
	27 51St St
	15201
	Non-retail
	Active Non-retail

	9438
	943800
	Pleasant Hills
	PA
	720 Clairton Blvd/Rte 51
	15236
	Open Store
	Annc’d to Close

	1484
	148400
	Reading
	PA
	Warren St Bypass & Bern Rd
	19610
	Open Store
	Open Store

	1034
	103400
	Ross Park
	PA
	1008 Ross Park Mall Dr
	15237
	Closed Store
	Closed Store

	8976
	897600
	Royersford
	PA
	477 N Lewis Rd
	19468
	Non-retail
	Active Non-retail

	24527
	2452700
	Sharon Hill
	PA
	800 Calcon Hook Rd
	19079
	Non-retail
	Active Non-retail

	3136
	313600
	Shillington
	PA
	1 Parkside Ave
	19607
	Open Store
	Open Store

	1334
	133400
	South Hills
	PA
	300 S Hills Vlg
	15241
	Closed Store
	Closed Store

	2605
	260500
	State College
	PA
	183 Shiloh Rd
	16801
	Open Store
	Open Store

	8962
	896200
	Steelton
	PA
	1235 S Harrisburg St
	17113
	Non-retail
	Active Non-retail

	2074
	207400
	Stroudsburg
	PA
	344 Stroud Mall
	18360
	Open Store
	Open Store

	9539
	953900
	Thorndale
	PA
	3205 Lincoln Hwy
	19372
	Open Store
	Annc’d to Close

	4713
	471300
	Towanda
	PA
	Rt #6 Brandford Town Ctr
	18848
	Open Store
	Open Store

	3954
	395400
	Walnutport
	PA
	400 North Best Ave
	18088
	Open Store
	Open Store

	2114
	211400
	Washington
	PA
	1500 W Chestnut St
	15301
	Open Store
	Open Store

	7374
	737400
	West Chester
	PA
	985 Paoli Pike
	19380
	Open Store
	Open Store

	1154
	115400
	Whitehall
	PA
	1259 Whitehall Mall
	18052
	Open Store
	Open Store

	443
	44300
	Wilkes Barre
	PA
	Hanover Industrial Pk
	13656
	Non-retail
	Active Non-retail

	3268
	326800
	Wilkes-Barre
	PA
	910 Wilkes Barre Twp Blvd
	18702
	Open Store
	Open Store

	3390
	339000
	Williamsport
	PA
	1915 E Third St
	17701
	Open Store
	Open Store

	3810
	381000
	Willow Street
	PA
	2600 N Willow Street Pike
	17584
	Open Store
	Open Store

	3949
	394900
	Wind Gap
	PA
	803 Male Rd
	18091
	Open Store
	Open Store

	4732
	473200
	Aguadilla
	PR
	Road 2 Km 126.5
	605
	Open Store
	Open Store

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	7566
	756600
	Arecibo
	PR
	State Road 2 Km 80.2
	612
	Open Store
	Open Store

	7570
	757000
	Bayamon
	PR
	Plaza Rio Hondo & Comerio Ave
	961
	Open Store
	Open Store

	7788
	778800
	Bayamon
	PR
	Pr 167 & Las Cumbres
	957
	Open Store
	Open Store

	1085
	108500
	Caguas
	PR
	Intsctn St Rd Pr 1 & Pr 156
	725
	Open Store
	Open Store

	4858
	485800
	Caguas
	PR
	Calle Betances Final #400
	726
	Open Store
	Open Store

	7419
	741900
	Caguas
	PR
	Rafael Cordero & Hwy 30
	725
	Open Store
	Open Store

	1925
	192500
	Carolina
	PR
	Carolina S/C
	988
	Open Store
	Open Store

	7665
	766500
	Carolina
	PR
	65Th Infantry Ave
	985
	Open Store
	Open Store

	7446
	744600
	Cayey
	PR
	Carr Rt #1 - Km 106
	736
	Open Store
	Open Store

	2085
	208500
	Fajardo
	PR
	State Rd 3
	738
	Open Store
	Open Store

	2675
	267500
	Guayama
	PR
	Road 3 Km.L34.7
	784
	Open Store
	Open Store

	7768
	776800
	Guaynabo
	PR
	Pr 20 And Esmeralda
	969
	Open Store
	Open Store

	7842
	784200
	Hato Rey
	PR
	Plz Las Americas Mall
	918
	Open Store
	Open Store

	3993
	399300
	Juana Diaz
	PR
	State Rd 149&State Rd 584
	795
	Open Store
	Open Store

	1935
	193502
	Mayaguez
	PR
	975 Hostos Ave Ste 110
	680
	Non-retail
	Active Non-retail

	3882
	388200
	Mayaguez
	PR
	Pr Rte #2; Km 149.5
	680
	Open Store
	Open Store

	2385
	238500
	Naranjito
	PR
	El Mercado Plaza
	782
	Open Store
	Open Store

	1945
	194500
	Ponce
	PR
	Plaza Del Caribe 2050 (Rd 2)
	731
	Open Store
	Open Store

	1945
	194502
	Ponce
	PR
	Plaza Del Caribe 2050 (Rd 2)
	731
	Non-retail
	Active Non-retail

	7741
	774100
	Ponce
	PR
	2643 Ponce Bypass
	728
	Open Store
	Open Store

	4844
	484400
	Rio Piedras
	PR
	9410 Ave Los Romeros
	926
	Open Store
	Open Store

	3896
	389600
	San German
	PR
	Castro Perez Ave (Pr 122)
	683
	Open Store
	Open Store

	4490
	449000
	San Juan
	PR
	Caparra Hgts - San Patricio S/C Roosevelt & San Patricio Avenues
	920
	Open Store
	Open Store

	4494
	449400
	Trujillo Alto
	PR
	200 Carr 181
	976
	Open Store
	Open Store

	7784
	778400
	Vega Alta
	PR
	Carr 2, Estatal, Plaza Caribe Mall
	692
	Open Store
	Open Store

	7752
	775200
	Yauco
	PR
	Sr 128 @ Sr 2 Km 0.5
	698
	Open Store
	Open Store

	24560
	2456000
	Cayce
	SC
	2110 Commerce Dr
	29033
	Non-retail
	Active Non-retail

	4016
	401600
	Greenville
	SC
	Church St Extension
	29605
	Open Store
	Open Store

	8846
	884600
	Greenville
	SC
	115 Haywood Rd
	29607
	Non-retail
	Active Non-retail

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	8858
	885800
	Ladson
	SC
	3831 Commercial Cneter Rd
	29456
	Non-retail
	Active Non-retail

	7616
	761600
	Lexington
	SC
	748 W Main Street
	29072
	Open Store
	Open Store

	7274
	727400
	Mauldin
	SC
	129 West Butler Avenue
	29662
	Open Store
	Annc’d to Close

	2807
	280700
	Rock Hill
	SC
	2197 Dave Lyle Blvd
	29730
	Open Store
	Open Store

	7043
	704300
	Rock Hill
	SC
	2302 Cherry Rd
	29732
	Open Store
	Annc’d to Close

	7062
	706200
	Sumter
	SC
	1143 Broad St
	29150
	Open Store
	Open Store

	4141
	414100
	West Columbia
	SC
	1500 Charleston Hwy
	29169
	Open Store
	Open Store

	4170
	417000
	Rapid City
	SD
	1111 E North St
	57701
	Open Store
	Open Store

	7241
	724100
	Bartlett
	TN
	8024 Stage Hills Blvd
	38133
	Non-retail
	Active Non-retail

	1115
	111500
	Chattanooga
	TN
	2100 Hamilton Place Blvd
	37421
	Open Store
	Annc’d to Close

	8037
	803700
	Chattanooga
	TN
	6300 Enterprise Park Dr; Ste A
	37416
	Non-retail
	Active Non-retail

	2335
	233500
	Clarksville
	TN
	2801 Wilma Rudolph Blvd
	37040
	Open Store
	Annc’d to Close

	1146
	114600
	Cordova
	TN
	2800 N Germantown Prkway
	38133
	Open Store
	Annc’d to Close

	2036
	203600
	Jackson
	TN
	2021 N Highland Ave
	38305
	Open Store
	Open Store

	2265
	226500
	Johnson City
	TN
	2011 N Roan St
	37601
	Open Store
	Open Store

	7460
	746000
	Knoxville
	TN
	6909 Maynardville Pike Ne
	37918
	Open Store
	Annc’d to Close

	8947
	894700
	Knoxville
	TN
	114 Sherlake Rd
	37922
	Non-retail
	Active Non-retail

	9621
	962100
	Lebanon
	TN
	1443 W Main St
	37087
	Open Store
	Open Store

	2156
	215600
	Maryville
	TN
	198 Foothills Mall
	37801
	Open Store
	Open Store

	8756
	875600
	Memphis
	TN
	3952 Willow Lake Blvd; Bldg 5
	38118
	Non-retail
	Active Non-retail

	24542
	2454200
	Memphis
	TN
	1710 Shelby Oaks Drive
	38133
	Non-retail
	Active Non-retail

	2226
	222600
	Murfreesboro
	TN
	1720 Old Fort Pkwy
	37129
	Open Store
	Open Store

	8206
	820600
	Nashville
	TN
	640 Thompson Lane
	37211
	Non-retail
	Active Non-retail

	24611
	2461100
	Nashville
	TN
	5010 Linbar Drive # 125
	37211
	Non-retail
	Active Non-retail

	9735
	973500
	Sevierville
	TN
	217 Forks Of River Pkwy
	37862
	Open Store
	Open Store

	1395
	139500
	West Town
	TN
	7600H Kingston Pike
	37919
	Open Store
	Annc’d to Close

	1387
	138700
	Amarillo
	TX
	7701 1-40 W
	79121
	Open Store
	Open Store

	1137
	113700
	Austin
	TX
	1000 E 41St
	78751
	Open Store
	Annc’d to Close

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	1357
	135700
	Austin/Barton Creek
	TX
	2901 S Capitol Of Texas Hwy
	78746
	Open Store
	Annc’d to Close

	1327
	132700
	Baytown
	TX
	1000 San Jacinto Mall
	77521
	Open Store
	Annc’d to Close

	30954
	3095400
	Brownsville
	TX
	2440 Pablo Kisel Blvd
	78526
	Closed Store
	Closed Store

	1217
	121702
	Corpus Christi
	TX
	1305 Airline Rd
	78412
	Non-retail
	Active Non-retail

	8870
	887000
	Dallas
	TX
	1600 Roe St
	75215
	Non-retail
	Active Non-retail

	8021
	802100
	El Paso
	TX
	39B Concord
	79906
	Non-retail
	Active Non-retail

	24554
	2455400
	El Paso
	TX
	1335 Geronimo Dr
	79925
	Non-retail
	Active Non-retail

	1080
	108000
	Frisco
	TX
	2605 Preston Rd
	75034
	Open Store
	Annc’d to Close

	447
	44700
	Garland
	TX
	2775 W Miller Rd
	75042
	Non-retail
	Active Non-retail

	8907
	890700
	Garland
	TX
	1501 Kings Rd
	75042
	Non-retail
	Active Non-retail

	8807
	880700
	Grapevine
	TX
	615 Westport Pkwy; Ste 200
	76051
	Non-retail
	Active Non-retail

	2537
	253700
	Harlingen
	TX
	2002 S Expy 83
	78552
	Open Store
	Annc’d to Close

	24011
	2401100
	Houston
	TX
	10055 Regal Row
	77040
	Non-retail
	Active Non-retail

	1277
	127700
	Ingram
	TX
	6301 Nw Loop 410
	78238
	Open Store
	Annc’d to Close

	2147
	214700
	Irving
	TX
	2501 Irving Mall
	75062
	Open Store
	Annc’d to Close

	2487
	248700
	Killeen
	TX
	2000 Killeen Mall
	76543
	Open Store
	Open Store

	2247
	224702
	Laredo
	TX
	5300 San Dario Ave
	78041
	Non-retail
	Active Non-retail

	2557
	255700
	Longview
	TX
	3510 Mccann Rd
	75605
	Open Store
	Open Store

	1247
	124700
	Lubbock
	TX
	6002 Slide Rd
	79414
	Open Store
	Annc’d to Close

	4389
	438900
	Mcallen
	TX
	1801 South 10Th Street
	78503
	Open Store
	Open Store

	7972
	797200
	Mcallen
	TX
	3701 North McColl
	78503
	Non-retail
	Active Non-retail

	1067
	106700
	Memorial
	TX
	303 Memorial City Mall
	77024
	Open Store
	Annc’d to Close

	8922
	892200
	Pflugersville
	TX
	828 New Meister Lane, Suite 100
	78660
	Non-retail
	Active Non-retail

	1629
	162900
	Pharr
	TX
	500 N. Jackson Road
	78577
	Open Store
	Open Store

	9767
	976700
	Plano
	TX
	2301 West Plano Parkwayl, Suite 201
	75075
	Non-retail
	Active Non-retail

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	2637
	263700
	Port Arthur
	TX
	3100 FM 365
	77642
	Open Store
	Open Store

	1207
	120700
	Richardson
	TX
	201 S Plano Rd
	75081
	Open Store
	Open Store

	1097
	109700
	San Antonio
	TX
	2310 Sw Military Dr
	78224
	Open Store
	Open Store

	8747
	874700
	San Antonio
	TX
	1331 N Pine St
	78202
	Non-retail
	Active Non-retail

	9507
	950700
	San Antonio
	TX
	1560 CABLE RANCH RD
	78245
	Non-retail
	Active Non-retail

	24029
	2402900
	San Antonio
	TX
	5696 Randolph Blvd
	78239
	Non-retail
	Active Non-retail

	1127
	112700
	Shepherd
	TX
	4000 N Shepherd Dr
	77018
	Open Store
	Open Store

	1227
	122700
	Southwest Ctr
	TX
	3450 W Camp Wisdom Rd
	75237
	Open Store
	Annc’d to Close

	2077
	207700
	Tyler
	TX
	4701 S Broadway Ave
	75703
	Open Store
	Annc’d to Close

	2617
	261700
	Victoria
	TX
	7508 N Navarro St
	77904
	Open Store
	Annc’d to Close

	1367
	136700
	Waco
	TX
	6001 W Waco Dr
	76710
	Open Store
	Open Store

	8948
	894800
	Salt Lake Cty
	UT
	175 W 1300 South
	84115
	Non-retail
	Active Non-retail

	24604
	2460400
	Salt Lake Cty
	UT
	2027 S 4130 W
	84104
	Non-retail
	Active Non-retail

	9794
	979400
	St. George
	UT
	785 S Bluff
	84770
	Open Store
	Open Store

	1888
	188800
	West Jordan
	UT
	7453 S Plaza Center Dr
	84084
	Open Store
	Annc’d to Close

	1284
	128400
	Alexandria
	VA
	5901 Duke St
	22304
	Open Store
	Open Store

	4483
	448300
	Annandale
	VA
	4251 John Marr Drive
	22003
	Open Store
	Annc’d to Close

	2435
	243500
	Charlottesville
	VA
	1531Rio Rd E
	22901
	Open Store
	Open Store

	3471
	347100
	Chesapeake
	VA
	2001 South Military Hwy
	23320
	Open Store
	Open Store

	8838
	883800
	Chesapeake
	VA
	713 Fenway Ave; Ste D
	23323
	Non-retail
	Active Non-retail

	1615
	161500
	Chspk/Greenbrier
	VA
	1401 Greenbrier Pkwy
	23320
	Closed Store
	Closed Store

	8823
	882300
	Dulles
	VA
	45065 Old Ox Rd
	20166
	Non-retail
	Active Non-retail

	1814
	181400
	Fairfax
	VA
	12000 Fair Oaks Mall
	22033
	Open Store
	Annc’d to Close

	1024
	102400
	Falls Church
	VA
	6211 Leesburg Pike
	22044
	Open Store
	Open Store

	2694
	269400
	Fredericksburg
	VA
	100 Spotsylvania Mall
	22407
	Open Store
	Open Store

	1575
	157500
	Hampton
	VA
	100 Newmarket Fair Mall
	23605
	Open Store
	Annc’d to Close

	8836
	883600
	Richmond
	VA
	4100 Tomlyn St
	23230
	Non-retail
	Active Non-retail

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	24552
	2455200
	Richmond
	VA
	5340 S Laburnum Ave
	23231
	Non-retail
	Active Non-retail

	7415
	741500
	Springfield
	VA
	6364 Springfield Plaza
	22150
	Open Store
	Annc’d to Close

	3785
	378500
	Tabb
	VA
	5007 Victory Blvd
	23693
	Open Store
	Open Store

	1265
	126500
	Virginia Beach
	VA
	4588 Virginia Beach Blvd
	23462
	Closed Store
	Closed Store

	7717
	771700
	Waynesboro
	VA
	2712 W Main St
	22980
	Open Store
	Annc’d to Close

	7259
	725900
	Williamsburg
	VA
	118 Waller Mill Rd
	23185
	Open Store
	Annc’d to Close

	2784
	278400
	Winchester
	VA
	1850 Apple Blossom Dr
	22601
	Open Store
	Open Store

	7413
	741300
	Frederiksted
	VI
	Remainder Matriculate #1
	840
	Open Store
	Open Store

	3972
	397200
	St. Croix
	VI
	Sunny Isle S/C, Space #1
	820
	Open Store
	Open Store

	3829
	382900
	St. Thomas
	VI
	26 - A Tutu Park Mall
	802
	Open Store
	Open Store

	7793
	779300
	St. Thomas
	VI
	9000 Lockhart Gdns S/C; Ste 1
	802
	Open Store
	Open Store

	45061
	4506100
	Colchester
	VT
	4 ACORN LANE
	3848
	Non-retail
	Active Non-retail

	3133
	313300
	Bellingham
	WA
	1001 E Sunset Drive
	98226
	Open Store
	Annc’d to Close

	2049
	204900
	Everett
	WA
	1302 Se Everett Mall Way
	98208
	Open Store
	Open Store

	2329
	232900
	Kennewick(Pasco)
	WA
	1321 N Columbia Center Blvd
	99336
	Open Store
	Open Store

	3413
	341300
	Kent
	WA
	24800 W Valley Hwy
	98032
	Closed Store
	Closed Store

	8709
	870900
	Kent
	WA
	7650 S 228Th St
	98032
	Non-retail
	Active Non-retail

	8897
	889700
	Kent
	WA
	6250 S. 196Th Street
	98032
	Non-retail
	Active Non-retail

	2330
	233000
	Puyallup
	WA
	3500 S MeridianSte 900
	98373
	Open Store
	Annc’d to Close

	2329
	232902
	Richland
	WA
	1661 B Fowler St
	99352
	Non-retail
	Active Non-retail

	36692
	3669200
	Seattle
	WA
	701 5th Ave
	98104
	Non-retail
	Active Non-retail

	38167
	3816700
	Seattle
	WA
	1415 NE 45th Street
	98105
	Non-retail
	Active Non-retail

	24526
	2452600
	Seattle/Tukwilla
	WA
	12628 Interurban Ave South
	98168
	Non-retail
	Active Non-retail

	8004
	800400
	Spokane
	WA
	10424 W Aero Rd
	99004
	Non-retail
	Active Non-retail

	9480
	948000
	Spokane
	WA
	12310 Mirabeau Parkway; Suite 500
	99216
	Non-retail
	Active Non-retail

	
								
	Unit
	RE ID
	NAME
	ST
	Address
	Zip Code
	Property Group
	Status

	2239
	223900
	Vancouver
	WA
	8800 Ne Vancouver Mall Dr
	98662
	Open Store
	Annc’d to Close

	7034
	703400
	Walla Walla
	WA
	2200 East Isaacs Ave
	99362
	Open Store
	Open Store

	24555
	2455500
	Brookfield
	WI
	13040 W Lisbon Rd; Bldg 2 Ste 300
	53005
	Non-retail
	Active Non-retail

	8968
	896800
	Janesville
	WI
	3920 Kennedy Rd
	53545
	Non-retail
	Active Non-retail

	7648
	764800
	Mauston
	WI
	800 North Union
	53948
	Open Store
	Open Store

	8220
	822000
	New Berlin
	WI
	16255-16351 W LINCOLN AVE
	53151
	Non-retail
	Active Non-retail

	3692
	369200
	Oconomowoc
	WI
	1450 Summit Avenue
	53066
	Open Store
	Open Store

	3851
	385100
	Racine
	WI
	5141 Douglas Ave
	53402
	Open Store
	Open Store

	7649
	764900
	Ripon
	WI
	1200 West Fond Du Lac St
	54971
	Open Store
	Open Store

	8725
	872500
	Vandenbroek
	WI
	N 168 Apoltolic Rd
	54140
	Non-retail
	Active Non-retail

	3750
	375000
	Waupaca
	WI
	830 West Fulton St
	54981
	Open Store
	Open Store

	8782
	878200
	Wauwatosa
	WI
	4320 N. 124Th Street
	53222
	Non-retail
	Active Non-retail

	6375
	282601
	Bridgeport
	WV
	225 Meadowbrook Mall
	26330
	Open Store
	Open Store

	4188
	418800
	Charleston
	WV
	1701 4Th Ave W
	25387
	Open Store
	Annc’d to Close

	4442
	444200
	Charleston
	WV
	6531 Mccorkle Avenue S E
	25304
	Open Store
	Open Store

	3484
	348400
	Elkview
	WV
	I-79/Us 43 Crossings Mall
	25071
	Open Store
	Open Store

	3724
	372400
	Scott Depot
	WV
	101 Great Teays Blvd
	25560
	Open Store
	Annc’d to Close

	2304
	230400
	Westover/Morgantown
	WV
	9520 Mall Rd
	26501
	Open Store
	Annc’d to Close

	2341
	234100
	Casper
	WY
	701 Se Wyoming Blvd
	82609
	Open Store
	Annc’d to Close

	4736
	473600
	Casper
	WY
	4000 East 2Nd Street
	82609
	Open Store
	Annc’d to Close

	2371
	237100
	Cheyenne
	WY
	1400 Del Range Blvd
	82009
	Closed Store
	Closed Store

	4863
	486300
	Gillette
	WY
	2150 South Douglas Hwy
	82716
	Open Store
	Annc’d to Close

	7139
	713900
	Jackson
	WY
	510 S Hwy 89
	83002
	Open Store
	Open Store

	30938
	3093800
	Glendale
	AZ
	6767 West Bell Road
	85308
	Closed Store
	Closed Store

SCHEDULE 5.01(n) 
Pension Plan Issues
[**]
[**]
[**]
[**]
[**]
[**]
[**]
[**]

[**] Confidential Information has been omitted and filed separately with the Securities and Exchange Commission.
Confidential treatment has been requested with respect to this omitted information.

SCHEDULE 5.01(p) 
UCC FILING JURISDICTIONS
	
		
	Entity
	UCC Filing Jurisdiction

	Sears Holdings Corporation
	Delaware

	Sears, Roebuck and Co.
	New York

	A&E Factory Service, LLC
	Delaware

	A&E Home Delivery, LLC
	Delaware

	A&E Lawn & Garden, LLC
	Delaware

	A&E Signature Service, LLC
	Delaware

	BlueLight.com, Inc.
	Delaware

	California Builder Appliances, Inc.
	Delaware

	FBA Holdings Inc.
	Delaware

	Florida Builder Appliances, Inc.
	Delaware

	Innovel Solutions, Inc.
	Delaware

	KBL Holding Inc.
	Delaware

	Kmart Holding Corporation
	Delaware

	Kmart Operations LLC
	Delaware

	Kmart.com LLC
	Delaware

	MaxServ, Inc.
	Delaware

	MyGofer LLC
	Delaware

	Private Brands, Ltd.
	Delaware

	Sears Brands Management Corporation
	Delaware

	Sears Buying Services, Inc.
	Delaware

	Sears Development Co.
	Delaware

	Sears Holdings Management Corporation
	Delaware

	Sears Home & Business Franchises, Inc.
	Delaware

	Sears Operations LLC
	Delaware

	Sears Roebuck Acceptance Corp.
	Delaware

	Sears, Roebuck de Puerto Rico, Inc.
	Delaware

	ServiceLive, Inc.
	Delaware

	SHC Desert Springs, LLC
	Delaware

	SOE, Inc.
	Delaware

	StarWest, LLC
	Delaware

	SYW Relay LLC
	Delaware

	Wally Labs LLC
	Delaware

	
		
	Entity
	UCC Filing Jurisdiction

	SHC Licensed Business LLC
	Delaware

	KLC, Inc.
	Texas

	Kmart Stores of Texas LLC
	Texas

	Big Beaver of Florida Development, LLC
	Florida

	Sears Protection Company (Florida), L.L.C.
	Florida

	Kmart Corporation
	Michigan

	Kmart of Michigan, Inc.
	Michigan

	STI Merchandising, Inc.
	Michigan

	Troy Coolidge No. 13, LLC
	Michigan

	Kmart Stores of Illinois LLC
	Illinois

	Sears Brands Business Unit Corporation
	Illinois

	Sears Brands, L.L.C.
	Illinois

	Sears Holdings Publishing Company, LLC
	Illinois

	Sears Insurance Services, L.L.C.
	Illinois

	Sears Procurement Services, Inc.
	Illinois

	Sears Protection Company
	Illinois

	Sears Home Improvements Products, Inc.
	Pennsylvania

	Kmart of Washington LLC
	Washington

	SHC Promotions LLC
	Virginia

	Sears Protection Company (PR), Inc.
	Puerto Rico

SCHEDULE 5.01(s) 
EQUITY INTERESTS IN SUBSIDIARIES
None.

SCHEDULE 5.01(t) 
LABOR MATTERS
A. Collective Bargaining Agreements
	
			
	Loan Party or other Subsidiary
	Union
	Contract Term

	Sears Roebuck – Facilities – Chicago, IL
	IUOE #399
	7/1/16 - 6/30/19

	Sears Roebuck – Facilities – Minneapolis, MN
	IUOE #70
	6/1/16 - 5/31/19

	Kmart Corporation – Logistics – RDC – Manteno, IL
	IBT #705
	2/5/18 -1/31/21

	Kmart Corporation – Logistics – RDC – Morrisville, PA
	UAW #8275
	9/11/16 - 3/8/20

	Kmart Corporation – Logistics – RDC – Warren, OH
	UAW #2901
	9/2/15 - 9/8/18 (extended until 3/31/19)

	Sears Roebuck – PRS – Detroit, MI
	IBT #243
	10/19/17 - 10/18/20

	Sears Roebuck – MDO – Livonia, MI
	IBT #243
	10/26/17 - 10/26/20

	Sears Roebuck – Auto Center – Fairview Heights, IL
	UFCW #881
	3/25/18 - 3/27/21

	Sears Roebuck – Retail – Fairview Heights, IL
	UFCW #881
	3/25/18 - 3/27/21

	Sears Roebuck – PRS – Akron, OH
	IBT #348
	5/19/18 - 5/18/21

	Sears Roebuck – PRS – Cleveland, OH
	UFCW #880
	2/1/16 - 1/31/19

	Sears Roebuck – PRS – Philadelphia, PA
	IBT #107
	7/15/11 - 7/14/15

	Kmart Corporation – Logistics –- RSC – Chambersburg, PA
	UNITE # 196
	3/3/18 - 3/6/21

	Kmart Corporation – Distribution Center – Mira Loma, CA
	UNITE # 512
	1/13/18 - 12/26/20

	Sears Roebuck – MDO – Sacramento, CA
	IBT #150
	11/5/18 - 10/31/21

	Sears Roebuck – PRS – St. Louis, MO
	IBT #688
	11/1/17 - 10/31/20

	Sears Roebuck – DDC – Kent, WA
	IBT # 174
	11/1/16 - 10/31/19

	Sears Roebuck – MDO – Kent, WA
	IBT # 174
	12/4/16 – 9/30/19

	Sears Roebuck – PRS – Fairview Heights, IL
	UFCW #881
	3/25/18 - 3/27/21

	Sears Roebuck – PRS – McMurray (Pittsburgh), PA
	USW 5852-28
	1/1/17 - 12/31/19

	Sears Roebuck – PRS – Toledo, OH
	IBEW #8
	2/1/18 – 1/31/21

B. Material Bonus, Restricted Stock, Stock Option, or Stock Appreciation Plans
		
	1.
	Sears Holdings Corporation Annual Incentive Plan, as amended and restated effective April 10, 2015. 

		
	2.
	Sears Holdings Corporation Cash Long-Term Incentive Plan, as amended and restated effective April 10, 2015.

		
	3.
	Sears Holdings Corporation Long-Term Incentive Program, effective April 27, 2011.

		
	4.
	Sears Holdings Corporation Umbrella Incentive Program, as amended and restated effective March 7, 2012.

		
	5.
	Sears Holdings Corporation Forms of Special Bonus Award Agreement.

		
	6.
	Sears Holdings Corporation Forms of Special Bonus & Retention Award Agreement.

		
	7.
	Sears Holdings Corporation Forms of Special Retention Award Agreement.

		
	8.
	Sears Holdings Corporation Director Compensation Program, as amended.

		
	9.
	Sears Holdings Corporation 2013 Stock Plan.

		
	10.
	Sears Holdings Corporation Amended and Restated Umbrella Incentive Program / Amendment to the Performance Measures under the Amended and Restated Sears Holdings Corporation Umbrella Incentive Program.

		
	11.
	Form of Sears Holdings Corporation Restricted Stock Award Agreement.

		
	12.
	Form of Sears Holdings Corporation Restricted Stock Award Agreement: Terms and Conditions. 

		
	13.
	Form of Sears Holdings Corporation Restricted Stock Unit Award Agreement: Terms and Conditions. 

		
	14.
	Form of Cash Right - Addendum to Restricted Stock Award Agreement. 

		
	15.
	Form of Cash Award - Addendum to Restricted Stock Award Agreement. 

		
	16.
	Form of LTIP Award Agreement. 

C. Employees of Permitted Holder
None.

SCHEDULE 6.01(h)  
TRANSACTIONS WITH AFFILIATES
None.

SCHEDULE 6.01(m) 
BLOCKED ACCOUNTS
Bank of America, N.A. Account Numbers:
		
	•
	[**];

		
	•
	[**];

		
	•
	[**]; and

		
	•
	[**]

		
	•
	[**]

[**] Confidential Information has been omitted and filed separately with the Securities and Exchange Commission.
Confidential treatment has been requested with respect to this omitted information.

SCHEDULE 6.01(q)(i) 
CASE MILESTONES
DIP Loans 
		
	a.
	Not later than December 28, 2018, the Bankruptcy Court shall have entered the Final Financing Order.

		
	b.
	Not later than January 5, 2019, the Final Closing Date shall have occurred.

Lease Assumption / Rejection
		
	a.
	Not later than 30 days following the Petition Date, the Debtors shall have filed a motion requesting, and not later than 45 days following the Petition Date, shall have obtained, an order of the Bankruptcy Court extending the lease assumption/rejection period such that the lease assumption/rejection period shall extend 210 days after the Petition Date.     

Inventory Appraisals
		
	a.
	Not later than the 10th day of every month commencing with the first full month immediately following the Petition Date (or such later date as the Collateral Agent may agree in its reasonable discretion), an updated inventory appraisal shall be delivered to the Agent.

Budget
		
	a.
	On or before December 28, 2018, the Agent has (i) reaffirmed its approval, based on then current information, of the Approved Initial Budget or (ii) the Loan Parties have adopted a revised budget acceptable to the Agent in its sole and absolute discretion.

Plan and Disclosure Statement
		
	a.
	Not later than February 18, 2019, the Debtors shall file with the Bankruptcy Court an Acceptable Plan of Reorganization and a disclosure statement with respect thereto.

		
	b.
	Not later than March 25, 2019, the Bankruptcy Court shall enter an order approving a disclosure statement with respect to an Acceptable Plan of Reorganization.

		
	c.
	Not later than April 29, 2019, the Bankruptcy Court shall enter an order confirming an Acceptable Plan of Reorganization.

		
	d.
	Not later than May 14, 2019, such Acceptable Plan of Reorganization shall become effective. 

SCHEDULE 6.01(q)(ii) 
GO FORWARD PLAN
Store Rationalization and Sale Process.  To save as many of their stores and preserve as many jobs as possible, the Debtors have developed the following detailed plan to guide their path forward in these Chapter 11 Cases.  Pursuant to this Go Forward Plan, the Debtors have determined to quickly rationalize their store footprint in accordance with a detailed plan while also implementing the following key actions:
Initial Store Rationalization 
		
	•
	On the Petition Date, the Debtors will file a motion to approve procedures (the “GOB Procedures”) to complete certain store closings in accordance with the Store Footprint Plan (the “Initial Store Rationalization”) and will seek an order approving the GOB Procedures for the Initial Store Rationalization by October 25, 2018.

		
	•
	The Initial Store Rationalization will start no later than October 25, 2018 and a material portion of the Initial Store Rationalization will be underway within 21 days of the Commencement Date.

		
	•
	The Debtors will file a motion no later than seven (7) days after the Petition Date and will obtain an order from the Bankruptcy Court no later than thirty (30) days after the Petition Date authorizing the rejection of any leases associated with stores included in the Initial Store Rationalization.

		
	•
	Secondary Store Rationalization

		
	•
	The Debtors will undertake a detailed review and analysis of the profitability of a further group of stores identified in the Store Footprint Plan.

		
	•
	No later than November 8, 2018, the Debtors will file a notice, pursuant to the GOB Procedures, to commence a second round of store rationalizations in accordance with the Store Footprint Plan (the “Secondary Store Rationalization” and, together with the Initial Store Rationalization, the “Store Rationalizations”).

		
	•
	The Debtors will obtain court approval of, and commence a material portion of, the Secondary Store Rationalization no later than November 20, 2018.

		
	•
	The Debtors will file a motion no later than November 20, 2018 and will obtain an order from the Bankruptcy Court no later than December 15, 2018 authorizing the rejection of any leases associated with stores included in the Secondary Store Rationalization.

		
	•
	Go Forward Stores Sale Process

		
	•
	Pursuant to the Go Forward Plan, while the Store Rationalizations are in process the Debtors will pursue the sale (the “Go Forward Stores Sale Process”) of the Go Forward Stores.

		
	•
	Given the cash-burn associated with the continued operation of the Debtors’ businesses, the Debtors must, by December 15, 2018, obtain and find acceptable a non-contingent and fully-financed (with committed financing containing customary limited conditionality consistent with acquisition financing commitments (e.g., SunGard-style certain funds provisions)) stalking horse bid for the sale of the Go Forward Stores (which may be either on a going-concern or liquidation basis) that is reasonably acceptable to the Agent (a “Qualified Stalking Horse Bid”); provided that failure to obtain and find acceptable a Qualified Stalking Horse Bid by December 15, 2018 shall not constitute a Default or Event of Default under the Credit Agreement so long as the Debtors are diligently pursuing a process reasonably acceptable to the Collateral Agent that is designed to enable the Debtors to meet the Go Forward Stores Sale Process milestones set forth below.

		
	•
	The Debtors will file a motion requesting approval of bidding procedures and the selection of a stalking horse bid for the sale of the Go Forward Stores (which may be either on a going-concern or liquidation basis) pursuant to section 363 of the Bankruptcy Code no later than December 27, 2018, and will obtain an order of the Bankruptcy Court approving such motion no later than January 14, 2019.

		
	•
	An auction for the sale of the Go Forward Stores (and potentially certain other assets) will be conducted, or the stalking horse bidder will be named as the winning bidder to the extent no other higher and better offers for the Go Forward Stores are received, no later than February 2, 2019.

		
	•
	The Debtors will obtain an order approving the sale of the Go Forward Stores pursuant to section 363 of the Bankruptcy Code no later than February 4, 2019, and will close the sale of the Go Forward Stores by no later than February 8, 2019.

		
	•
	Any bid pursuant to the Go Forward Stores Sales Process above must include non-contingent financing commitments containing customary limited conditionality consistent with acquisition financing commitments (e.g., SunGard-style certain funds provisions)  that are reasonably acceptable to the Agent and Collateral Agent, to bridge any gap in the Budget through the anticipated date of closing.

SCHEDULE 6.01(v)  
POST-EFFECTIVE DATE REQUIREMENTS
To be provided post-closing.

EXHIBIT A
[FORM OF] NOTICE OF BORROWING
Date: [___], [___]
To:    CANTOR FITZGERALD SECURITIES, as Agent 
1801 N. Military Trail, Suite 202
Boca Raton, FL 33431
Attention: N. Horning (Sears)

and

CANTOR FITZGERALD SECURITIES, as Agent
900 West Trade Street, Suite 725
Charlotte, NC  28202
Attention: Bobbie Young (Sears)

Ladies and Gentlemen:
The undersigned refers to that certain Superpriority Junior Lien Secured Debtor-In-Possession Credit Agreement, dated as of November [__], 2018 (as amended, modified, supplemented or restated from time to time, the “Credit Agreement”), by and among SEARS HOLDINGS CORPORATION, a Delaware corporation and a debtor and debtor-in-possession (“Holdings”), SEARS ROEBUCK ACCEPTANCE CORP., a Delaware corporation and a debtor and debtor-in-possession (“SRAC”), KMART CORPORATION, a Michigan corporation and a debtor and debtor-in-possession (“Kmart Corp.”; Kmart Corp. together with SRAC, the “Borrowers”), the several banks, financial institutions or entities from time to time party thereto as Term Lenders (each a “Lender” and collectively, the “Lenders”), CANTOR FITZGERALD SECURITIES (“CFS”), as administrative agent and collateral agent (in such capacity, together with any of its successors and permitted assigns, the “Agent”). Capitalized terms used but not defined herein shall have the meanings set forth in the Credit Agreement.
In accordance with Section 2.02 of the Credit Agreement, [Kmart][SRAC]5 hereby irrevocably requests a Term Loan Borrowing under the Credit Agreement as follows:

		
	1.
	The requested date of borrowing, which shall be a Business Day, is [__], [__] (“Borrowing Date”).6 

		
	2.
	The aggregate amount of the requested Term Loan is $[__] and is an/a [Interim DIP Loan] [Subsequent DIP Loan] (the “Requested Loan”).7 

_____________________________

5 Identify Borrower requesting the Term Loan Borrowing herein.

6 Each Term Loan Borrowing must be received by the Agent not later than (x) 12:00 noon on the third Business Day prior to the date of the proposed Term Loan Borrowing in the case of a Borrowing consisting of Eurodollar Rate Advances or (y) 1:00 p.m. on the second Business Day to the date of the proposed Term Loan Borrowing in the case of a Term Loan Borrowing consisting of Base Rate Advances. Each Interim DIP Loan and Subsequent DIP Loan shall be drawn in the order and in the aggregate amount as specified in Sections 2.01(i) and 2.01(ii).

7  Each Term Loan shall be of the same Type pursuant to Section 2.01.

		
	3.
	The Requested Loan shall be comprised of [Base Rate Advances] [Eurodollar Rate Advances].8 

		
	4.
	The duration of the Interest Period for the Eurodollar Rate Advances included in the Requested Loan shall be [two weeks][one month].9 

		
	5.
	The undersigned hereby certifies, solely on behalf of the Loan Parties and not in any individual capacity, that the following statements are true on the date hereof, and will be true on the Borrowing Date, before and immediately after giving effect to the funding of the Requested Loan:

		
	a.
	The representations and warranties made by each Loan Party in or pursuant to the Loan Documents are true and correct in all material respects on and as of the date of the Term Loan Borrowing requested herein, before and after giving effect to such Term Loan Borrowing and to the application of the proceeds therefrom, as though made on and as of such date, except to the extent that (i) such representations or warranties are qualified by a materiality standard, in which case they are true and correct in all respects, (ii) such representations or warranties expressly relate to an earlier date (in which case such representations and warranties are true and correct in all material respects as of such earlier date);

		
	b.
	No event has occurred and is continuing, or would result from the Term Loan Borrowing requested herein or from the application of the proceeds therefrom, that constitutes a Default or an Event of Default;

		
	c.
	the Borrowing requested herein will not result in the Total Extensions of Credit exceeding the amount authorized for the Term Loan under the Credit Agreement by the applicable Financing Order; and

		
	d.
	(i) the applicable Financing Order will be in full force and effect and will not have been vacated, reversed, stayed, amended or modified in any respect, (ii) no motion for reconsideration of the applicable Financing Order will have been timely filed by any of the Debtors or their Subsidiaries, and (iii) no appeal of the applicable Financing Order will have been timely filed. 

		
	6.
	The proceeds of the Term Loan Borrowings shall be wired by the Agent per the following wire transfer instructions:

	
		
	Account Name:
	 

	Account Number:
	 

	Account Holder Address:
	 

	Routing/Transit for ACH:
	 

	Routing/Transit for Wires:
	 

	SWIFT:
	 

__________________________
8 Term Loan advances may be either Base Rate Advances or Eurodollar Rate Advances.
9  The undersigned Borrower may request a Borrowing of Eurodollar Rate Advances with an Interest Period of two weeks or one month; provided, that any Eurodollar Rate Advances may not be outstanding as part of more than six (6) separate Term Loan Borrowings. 

The undersigned agrees that Agent shall make payments strictly on the basis of the information set forth above even if such information is incorrect.  In the event any of such information is incorrect, the undersigned hereby agrees that the undersigned shall be fully liable for any and all losses, costs and expenses arising therefrom.
 [Signature Pages Follow.]

Very truly yours,
[KMART CORPORATION][SEARS ROEBUCK ACCEPTANCE CORP.], as a Borrower
By: _____________________________            
Name:
Title:     

EXHIBIT B
[FORM OF] ASSIGNMENT AND ACCEPTANCE
This Assignment and Acceptance (this “Assignment and Acceptance”) is dated as of the Effective Date set forth below and is entered into by and between [the][each]1 Assignor identified in item 1 below ([the][each, an] “Assignor”) and [the][each]2  Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]3 hereunder are several and not joint].4 Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below, receipt of a copy of which is hereby acknowledged by [each, the] Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Acceptance as if set forth herein in full.
For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee] [the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor] [the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Agent as contemplated below (i) the portion of [the Assignor’s] [the respective Assignors’] rights and obligations in its capacity as a Term Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto identified below and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Term Lender) the respective Assignors (in their respective capacities as Term Lenders) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] “Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Acceptance, without representation or warranty by [the][any] Assignor.
(a)Assignor[s]:    ________________________________                        

(b)Assignee[s]:     ___________________________________                    

(c)Holdings: SEARS HOLDINGS CORPORATION, a Delaware corporation. 

___________________________

1 For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language.

2 For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language.

3 Select as appropriate.

4 Include bracketed language if there are either multiple Assignors or multiple Assignees.

(d)Borrowers:  SEARS ROEBUCK ACCEPTANCE CORP., a Delaware corporation, and KMART CORPORATION, a Michigan corporation.

(e)Agent: CANTOR FITZGERALD SECURITIES, as the administrative agent and collateral agent under the Credit Agreement.

(f)Credit Agreement: Superpriority Junior Lien Secured Debtor-In-Possession Credit Agreement, dated as of the date hereof (as amended, modified, supplemented or restated from time to time, the “Credit Agreement”), by and among Holdings, Borrowers, the several banks, financial institutions or entities from time to time party thereto as Term Lenders (each a “Lender” and collectively, the “Lenders”), and Agent. 

(g)Assigned Interest[s]:
	
					
	Assignor[s]5
	Assignee[s]6
	Aggregate amount of
 Term Loan for all Lenders7
	Amount of
 Term Loan
Assigned8
	Percentage
Assigned of
 Term Loans

	 
	 
	$[_____]
	$[_____]
	[_____]%

(h)Trade Date:]9 
Effective Date: [_____________ [TO BE INSERTED BY AGENT AND WHICH SHALL BE THE DATE OF DELIVERY OF THIS ASSIGNMENT AND ACCEPTANCE FOR RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

________________________________

5 List each Assignor, as appropriate.

6 List each Assignee, as appropriate.

7 Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

8 Subject to minimum amount requirements pursuant to Section 9.07(a) of the Credit Agreement.

9 To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date.

The terms set forth in this Assignment and Acceptance are hereby agreed to:
[NAME OF ASSIGNOR]

By: _____________________________            
Name:
Title:     
[NAME OF ASSIGNEE]

By: _____________________________            
Name:
Title:     

CONSENTED TO AND ACCEPTED:

CANTOR FITZGERALD SECURITIES, as Agent

By: _____________________________                    
Name:    
Title:     

[SEARS ROEBUCK ACCEPTANCE CORP., as Borrower

By: _____________________________                    
Name:    
Title:     

KMART CORPORATION, as Borrower

By: _____________________________                    
Name:    
Title:     ]1 

_____________________________
1 If Borrowers’ consent is required pursuant to Section 9.07(a) of the Credit Agreement

ANNEX 1 TO ASSIGNMENT AND ACCEPTANCE
STANDARD TERMS AND CONDITIONS FOR
ASSIGNMENT AND ACCEPTANCE
1.Representations and Warranties.

1.1    Assignor.  [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][[the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Loan Parties or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Loan Parties or any other Person of any of their respective obligations under any Loan Document.

1.2    Assignee.  [The] [Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby and to become a Term Lender under the Credit Agreement, (ii) it meets all the requirements to be an Eligible Assignee under the Credit Agreement (subject to such consents as may be required under Section 9.07(a) of the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Term Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Term Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by [the] [such] Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.01(j) thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Agent, or any other Term Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase [the][such] Assigned Interest, and (vii) if it is a Term Lender that is organized under the laws of a jurisdiction other than that in which the Borrowers are residents for tax purposes, to the extent reasonably requested by the Agent, attached hereto are duly completed and executed by [the][such] Assignee, any United States Internal Revenue Service forms required under Section 2.12 of the Credit Agreement; and (b) agrees that (i) it will, independently and without reliance upon the Agent, [the][any] Assignor or any other Term Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a  Term Lender.

2.Payments. From and after the Effective Date, the Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued up to but excluding the Effective Date and to [the] [the relevant] Assignee for amounts which have accrued from and after the Effective Date.

3.General Provisions. This Assignment and Acceptance shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Acceptance may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Acceptance by telecopy shall be effective 

as delivery of a manually executed counterpart of this Assignment and Acceptance. This agreement shall be governed by, and construed in accordance with, the laws of the State of New York.

4.Fees. This Assignment and Acceptance shall be delivered to the Agent with a processing and recordation fee of $3,500, to the extent required by the terms of the Credit Agreement, unless such fee has been waived by the Agent in its sole discretion.
 

EXHIBIT C
[FORM OF] COMPLIANCE CERTIFICATE
Date of Certificate: [__], 20[__]

To:    CANTOR FITZGERALD SECURITIES, as Agent 
1801 N. Military Trail, Suite 202
Boca Raton, FL 33431
     Attention: N. Horning (Sears)

and

CANTOR FITZGERALD SECURITIES, as Agent
900 West Trade Street, Suite 725
Charlotte, NC  28202
Attention: Bobbie Young (Sears)
Ladies and Gentlemen:
The undersigned refers to that certain Superpriority Junior Lien Secured Debtor-In-Possession Credit Agreement, dated as of November [__], 2018 (as amended, modified, supplemented or restated from time to time, the “Credit Agreement”), by and among SEARS HOLDINGS CORPORATION, a Delaware corporation and a debtor and debtor-in-possession (“Holdings”), SEARS ROEBUCK ACCEPTANCE CORP., a Delaware corporation and a debtor and debtor-in-possession (“SRAC”), KMART CORPORATION, a Michigan corporation and a debtor and debtor-in-possession (“Kmart Corp.”; Kmart Corp. together with SRAC, the “Borrowers”), the several banks, financial institutions or entities from time to time party thereto as Term Lenders (each a “Lender” and collectively, the “Lenders”), CANTOR FITZGERALD SECURITIES (“CFS”), as administrative agent and collateral agent (in such capacity, together with any of its successors and permitted assigns, the “Agent”). Capitalized terms used but not defined herein shall have the meanings set forth in the Credit Agreement.
The undersigned, as a duly authorized and acting Authorized Officer of Holdings, hereby certifies, on behalf of Holdings and each of the other Loan Parties, as of the date hereof the following:
1.No Defaults or Events of Default.

		
	(a)
	Since ___________ (the date of the last similar certification), and except as set forth in Appendix I, no Default or Event of Default has occurred.

		
	(b)
	If a Default or Event of Default has occurred since __________ (the date of the last similar certification), the Loan Parties have taken or propose to take those actions with respect to such Default or Event of Default as described on said Appendix I.

2.Financial Statements.

		
	(a)
	Attached hereto as Appendix II are the unaudited consolidated balance sheet of Holdings and its Subsidiaries for the fiscal month ended _________, and the consolidated balance sheet of Holdings and its Domestic Subsidiaries as of the end of such fiscal month, and the consolidated statements of income and cash flows of Holdings and its Subsidiaries and the consolidated statements of income and cash flows of Holdings and its Domestic Subsidiaries for the period commencing at the end of the previous fiscal year and ending with the end of such month.1 

_____________________________

1 Use paragraph (a) for fiscal month-end financial statements

		
	(b)
	Attached hereto as Appendix III are the unaudited consolidated balance sheet of Holdings and its Subsidiaries for the fiscal quarter ended _________, and the consolidated balance sheet of Holdings and its Domestic Subsidiaries as of the end of such fiscal quarter, and the consolidated statements of income and cash flows of Holdings and its Subsidiaries and the consolidated statements of income and cash flows of Holdings and its Domestic Subsidiaries for the period commencing at the end of the previous fiscal year and ending with the end of such quarter (or if not attached, a copy of the quarterly report filed with the SEC on form 10-Q, reflecting such consolidated balance sheets and consolidated statements of income and cash flows, has been delivered to the Agent in accordance with Section 9.02(b) of the Credit Agreement).2 

		
	(c)
	Attached hereto as Appendix IV are the audited consolidated balance sheet of Holdings and its Subsidiaries for the fiscal year ended __________, and the consolidated statements of income and cash flows of Holdings and its Subsidiaries for such fiscal year, accompanied by a report without a “going concern” or like qualification or exception, or qualification arising out of the scope of the audit, which report has been prepared by a Board-appointed auditor of national standing (or if not attached, a copy of the annual report filed with the SEC on form 10-K, reflecting such consolidated balance sheet and consolidated statements of income and cash flows of Holdings and its Subsidiaries, has been delivered to the Agent in accordance with Section 9.02(b) of the Credit Agreement).3 

		
	(d)
	Attached hereto as Appendix V are the unaudited consolidated balance sheet of Holdings and its Domestic Subsidiaries for the fiscal year ended _________. and the consolidated statements of income and cash flows of Holdings and its domestic Subsidiaries for such fiscal year.4 

3.No Material Accounting Changes Etc.

		
	(a)
	The financial statements furnished to the Agent for the [fiscal month/fiscal quarter/fiscal year] ended __________ were prepared in accordance with GAAP.

		
	(b)
	Except as set forth in Appendix VI, there has been no change in GAAP used in the preparation of the financial statements furnished to the Agent for the [fiscal month/fiscal quarter/fiscal year] ended __________. If any such change has occurred, a statement of reconciliation conforming such financial statements to GAAP is attached hereto in Appendix VI.

[Signature Pages Follow]

______________________________
2 Use paragraph (b) for fiscal quarter-end financial statements.
3 Use paragraph (c) for fiscal year-end financial statements.
4 Use paragraph (d) for fiscal year-end financial statements.

IN WITNESS WHEREOF, a duly authorized and acting Authorized Officer of Holdings, on behalf of Holdings and each of the other Loan Parties, has duly executed this Compliance Certificate as of the date first written above.
HOLDINGS:
SEARS HOLDINGS CORPORATION

By: ______________________________     
Name:
Title:
 

APPENDIX I
Except as set forth below, no Default or Event of Default has occurred. [If a Default or Event of Default has occurred, the following describes the nature of the Default or Event of Default in reasonable detail and the steps, if any, being taken or contemplated by the Loan Parties to be taken on account thereof.]

APPENDIX II

APPENDIX III

APPENDIX IV

APPENDIX V

APPENDIX VI

EXHIBIT D
FORM OF APPROVED BUDGET
[See Attached]

EXHIBIT E
FORM OF FINAL FINANCING ORDER
[See Attached]

EXHIBIT F
[FORM OF] BUDGET CERTIFICATE24 
Date: [__], 20[__]

To:    CANTOR FITZGERALD SECURITIES, as Agent 
1801 N. Military Trail, Suite 202
Boca Raton, FL 33431
     Attention: N. Horning (Sears)

and

CANTOR FITZGERALD SECURITIES, as Agent 
900 West Trade Street, Suite 725
Charlotte, NC  28202
Attention: Bobbie Young (Sears)

Ladies and Gentlemen:
The undersigned refers to that certain Superpriority Junior Lien Secured Debtor-In-Possession Credit Agreement, dated as of November [__], 2018 (as amended, modified, supplemented or restated from time to time, the “Credit Agreement”), by and among SEARS HOLDINGS CORPORATION, a Delaware corporation and a debtor and debtor-in-possession (“Holdings”), SEARS ROEBUCK ACCEPTANCE CORP., a Delaware corporation and a debtor and debtor-in-possession (“SRAC”), KMART CORPORATION, a Michigan corporation and a debtor and debtor-in-possession (“Kmart Corp.”; Kmart Corp. together with SRAC, the “Borrowers”), the several banks, financial institutions or entities from time to time party thereto as Term Lenders (each a “Lender” and collectively, the “Lenders”), CANTOR FITZGERALD SECURITIES (“CFS”), as administrative agent and collateral agent (in such capacity, together with any of its successors and permitted assigns, the “Agent”). Capitalized terms used but not defined herein shall have the meanings set forth in the Credit Agreement.
The undersigned, as a duly authorized and acting Authorized Officer of Holdings, hereby certifies on behalf of Holdings and each of the other Loan Parties as of the date hereof the following:
		
	1.
	Approved Budget.

		
	(a)
	Attached hereto as Appendix I is a Budget Variance Report, prepared for the last day of the Prior Week ending [________].25 

		
	(b)
	The Loan Parties are in compliance with the Approved Budget, as of the end of a Budget Test Period.

2.Financial Calculations.

______________________________

24 To be delivered pursuant to Section 6.03(c), no later than 5:00 pm on the Wednesday of each week.

25 Insert date.

		
	(a)
	Attached hereto as Appendix II is the Rolling Budget, prepared for the last day of the Prior Week ending [________].26 

		
	(b)
	Attached hereto as Appendix III is a Weekly Flash Reporting Package prepared for the last day of the Prior Week ending [________].27 

The attached Rolling Budget, Weekly Flash Reporting Package and Budget Variance Report (the “Reports”) were prepared in good faith on the basis of assumptions believed by Holdings to be reasonable in light of the conditions existing as of the date hereof.  I have no reason to believe that the Reports, in light of such assumptions, are incorrect or misleading in any material respect.

_______________________________
26 Insert date.
27 Insert date.

IN WITNESS WHEREOF, a duly authorized and acting Authorized Officer of Holdings, on behalf of Holdings and each of the other Loan Parties, has duly executed this Budget Certificate as of the date first written above.
HOLDINGS:
SEARS HOLDINGS CORPORATION

By: ______________________________     
Name:
Title:
 

APPENDIX I

APPENDIX II

APPENDIX III

EXHIBIT G-1

[FORM OF] U.S. TAX COMPLIANCE CERTIFICATE
(For Non-U.S. Lenders That Are Not Partnerships for U.S. Federal Income Tax Purposes)

 Date: [__], [__]

Reference hereby is made to that certain Superpriority Junior Lien Secured Debtor-In-Possession Credit Agreement, dated as of November [__], 2018 (as amended, modified, supplemented or restated from time to time, the “Credit Agreement”) by and among SEARS HOLDINGS CORPORATION, a Delaware corporation and a debtor and debtor-in-possession (“Holdings”), SEARS ROEBUCK ACCEPTANCE CORP., a Delaware corporation and a debtor and debtor-in-possession (“SRAC”), KMART CORPORATION, a Michigan corporation and a debtor and debtor-in-possession (“Kmart Corp.”; Kmart Corp. together with SRAC, the “Borrowers”), the several banks, financial institutions or entities from time to time party thereto as Term Lenders (each a “Lender” and collectively, the “Lenders”), CANTOR FITZGERALD SECURITIES, as administrative agent (in such capacity, together with any of its successors and permitted assigns, the “Agent”) and collateral agent (in such capacity, together with any of its successors and permitted assigns,  “Collateral Agent”).  Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

Pursuant to the provisions of Section 2.12 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner for tax purposes of the Term Loan(s) (as well as any Note(s) evidencing such Term Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iii) it is not a ten percent shareholder of the Borrowers within the meaning of Section 871(h)(3)(B) of the Internal Revenue Code, and (iv) it is not a controlled foreign corporation related to the Borrowers as described in Section 881(c)(3)(C) of the Internal Revenue Code.
The undersigned has furnished the Agent and the Borrowers with a certificate of its non-U.S. Person status on IRS Form W-8BEN or IRS Form W-8BEN-E.  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrowers and the Agent, and (2) the undersigned shall have at all times furnished the Borrowers and the Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.
[Signature Page Follows.]

IN WITNESS WHEREOF, the undersigned has caused this certificate to be duly executed and delivered by its proper and duly authorized signatory as of the day and year first written above.
[NAME OF LENDER]
By: ______________________________     
Name:
Title:

EXHIBIT G-2

[FORM OF] U.S. TAX COMPLIANCE CERTIFICATE
(For Non-U.S. Participants That Are Not Partnerships for U.S. Federal Income Tax Purposes)  

Date: [__], [__]

Reference hereby is made to that certain Superpriority Junior Lien Secured Debtor-In-Possession Credit Agreement, dated as of November [__], 2018 (as amended, modified, supplemented or restated from time to time, the “Credit Agreement”) by and among SEARS HOLDINGS CORPORATION, a Delaware corporation and a debtor and debtor-in-possession (“Holdings”), SEARS ROEBUCK ACCEPTANCE CORP., a Delaware corporation and a debtor and debtor-in-possession (“SRAC”), KMART CORPORATION, a Michigan corporation and a debtor and debtor-in-possession (“Kmart Corp.”; Kmart Corp. together with SRAC, the “Borrowers”), the several banks, financial institutions or entities from time to time party thereto as Term Lenders (each a “Lender” and collectively, the “Lenders”), CANTOR FITZGERALD SECURITIES, as administrative agent (in such capacity, together with any of its successors and permitted assigns, the “Agent”) and collateral agent (in such capacity, together with any of its successors and permitted assigns,  “Collateral Agent”).  Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

Pursuant to the provisions of Section 2.12 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the participation for tax purposes in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iii) it is not a ten percent shareholder of the Borrowers within the meaning of Section 871(h)(3)(B) of the Internal Revenue Code, and (iv) it is not a controlled foreign corporation related to the Borrowers as described in Section 881(c)(3)(C) of the Internal Revenue Code. 
The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN or IRS Form W-8BEN-E.  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.
[Signature Page Follows.]

IN WITNESS WHEREOF, the undersigned has caused this certificate to be duly executed and delivered by its proper and duly authorized signatory as of the day and year first written above.
[NAME OF PARTICIPANT]
By: ______________________________     
Name:
Title:

EXHIBIT G-3

[FORM OF] U.S. TAX COMPLIANCE CERTIFICATE
(For Non-U.S. Participants That Are Partnerships for U.S. Federal Income Tax Purposes)

Date: [__], [__]

Reference hereby is made to that certain Superpriority Junior Lien Secured Debtor-In-Possession Credit Agreement, dated as of November [__], 2018 (as amended, modified, supplemented or restated from time to time, the “Credit Agreement”) by and among SEARS HOLDINGS CORPORATION, a Delaware corporation and a debtor and debtor-in-possession (“Holdings”), SEARS ROEBUCK ACCEPTANCE CORP., a Delaware corporation and a debtor and debtor-in-possession (“SRAC”), KMART CORPORATION, a Michigan corporation and a debtor and debtor-in-possession (“Kmart Corp.”; Kmart Corp. together with SRAC, the “Borrowers”), the several banks, financial institutions or entities from time to time party thereto as Term Lenders (each a “Lender” and collectively, the “Lenders”), CANTOR FITZGERALD SECURITIES, as administrative agent (in such capacity, together with any of its successors and permitted assigns, the “Agent”) and collateral agent (in such capacity, together with any of its successors and permitted assigns,  “Collateral Agent”).  Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

Pursuant to the provisions of Section 2.12 of the Credit Agreement, the undersigned hereby certifies (with respect to itself and its direct or indirect partners/members that are claiming the portfolio interest exemption) that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation for tax purposes, (iii) with respect to such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrowers within the meaning of Section 871(h)(3)(B) of the Internal Revenue Code, and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrowers as described in Section 881(c)(3)(C) of the Internal Revenue Code. 

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members (or owners for U.S. federal income tax purposes, as applicable) that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or IRS Form W-8BEN-E or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption.  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.
[Signature Page Follows.]

IN WITNESS WHEREOF, the undersigned has caused this certificate to be duly executed and delivered by its proper and duly authorized signatory as of the day and year first written above.
[NAME OF PARTICIPANT]
By: ______________________________     
Name:
Title:

EXHIBIT G-4

[FORM OF] U.S. TAX COMPLIANCE CERTIFICATE
(For Non-U.S. Lenders That Are Partnerships for U.S. Federal Income Tax Purposes)  

Date: [__], [__]

Reference hereby is made to that certain Superpriority Junior Lien Secured Debtor-In-Possession Credit Agreement, dated as of November [__], 2018 (as amended, modified, supplemented or restated from time to time, the “Credit Agreement”) by and among SEARS HOLDINGS CORPORATION, a Delaware corporation and a debtor and debtor-in-possession (“Holdings”), SEARS ROEBUCK ACCEPTANCE CORP., a Delaware corporation and a debtor and debtor-in-possession (“SRAC”), KMART CORPORATION, a Michigan corporation and a debtor and debtor-in-possession (“Kmart Corp.”; Kmart Corp. together with SRAC, the “Borrowers”), the several banks, financial institutions or entities from time to time party thereto as Term Lenders (each a “Lender” and collectively, the “Lenders”), CANTOR FITZGERALD SECURITIES, as administrative agent (in such capacity, together with any of its successors and permitted assigns, the “Agent”) and collateral agent (in such capacity, together with any of its successors and permitted assigns,  “Collateral Agent”).  Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.
Pursuant to the provisions of Section 2.12 of the Credit Agreement, the undersigned hereby certifies (with respect to its itself and direct or indirect partners/members that are claiming the portfolio interest exemption) that (i) it is the sole record owner of the Term Loan(s) (as well as any Note(s) evidencing such Term Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such Term Loan(s) (as well as any Note(s) evidencing such Term Loan(s)) for tax purposes, (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrowers within the meaning of Section 871(h)(3)(B) of the Internal Revenue Code, and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrowers as described in Section 881(c)(3)(C) of the Internal Revenue Code.
The undersigned has furnished the Agent and the Borrowers with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members (or owners for U.S. federal income tax purposes, as applicable) that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or IRS Form W-8BEN-E or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption.  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrowers and the Agent, and (2) the undersigned shall have at all times furnished the Borrowers and the Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 
[Signature Page Follows.]

IN WITNESS WHEREOF, the undersigned has caused this certificate to be duly executed and delivered by its proper and duly authorized signatory as of the day and year first written above.
[NAME OF LENDER]
By: ______________________________     
Name:
Title:

EXHIBIT H
[FORM OF] CREDIT CARD NOTIFICATION CREDIT CARD NOTIFICATION
PREPARE ON BORROWER/LOAN PARTY LETTERHEAD - ONE FOR EACH PROCESSOR
_____________________._________________         
	
			
	To:
	[Name and Address of Credit Card Processor]
(“Processor”)

	 
	Re:
	[Sears, Roebuck and Co.]28
Signature Page to Customs Broker Agency Agreement

Dear Sir/Madam:
CANTOR FITZGERALD SECURITIES (“CFS”), as administrative agent and collateral agent (in such capacity, together with any of its successors and permitted assigns, the “Collateral Agent”) with respect to a loan arrangement (the “Loan Arrangement”) evidenced by, among other things, the Superpriority Junior Secured Debtor-In-Possession Credit Agreement, dated as of November [__], 2018 (as the same may be amended, restated, supplemented or otherwise modified from time to time) by and among SEARS HOLDINGS CORPORATION, a Delaware corporation and a debtor and debtor-in-possession (“Holdings”), SEARS ROEBUCK ACCEPTANCE CORP., a Delaware corporation and a debtor and debtor-in-possession (“SRAC”), KMART CORPORATION, a Michigan corporation and a debtor and debtor-in-possession (“Kmart Corp.”; Kmart Corp. together with SRAC, the “Borrowers”), the several banks, financial institutions or entities from time to time party thereto as Term Lenders (each a “Lender” and collectively, the “Lenders”). [The obligations of the Borrowers have been guaranteed by [Sears, Roebuck and Co., a New York corporation (the “Company”).] 29  To secure the obligations of the undersigned under the Loan Arrangement, the undersigned has granted to the Collateral Agent, for the benefit of the other secured parties (together with the Collateral Agent, the “Credit Parties”), a lien on, among other things, all credit card charges submitted by the Company to Processor for processing and the amounts which Processor owes to the Company on account thereof (the “Credit Card Proceeds”). As used herein, the term “Collateral Agent” means, initially, CFS, provided that CFS may at any time deliver written notice to Processor advising Processor that the Collateral Agent is no longer CFS, following which time the term “Collateral Agent” shall mean and refer to such other entity as may be specified on such notice.
The undersigned hereby instructs Processor that, until Processor receives written notification from the Collateral Agent to the contrary, all amounts as may become due from time to time from Processor to the Company (including, without limitation, Credit Card Proceeds) with respect to the above-referenced Merchant Account Number shall be transferred as follows:
		
	(c)
	By ACH, Depository Transfer Check, or Electronic Depository Transfer to:

[_________________________]
ABA #    _________    
Account Name: [Sears]
Account No._________        

_____________________________
28 Insert name of appropriate Loan Party.
29 Use reference to guaranty to the extent the Company is not a Borrower and insert name of appropriate Loan Party. Otherwise, define Kmart or SRAC as “Company”.

or
		
	(d)
	As Processor may be otherwise instructed from time to time in writing by an officer of the Collateral Agent.

Upon the written request of the Collateral Agent, a copy of each periodic statement issued by Processor to the Company should be provided to the Collateral Agent at the following address (which address may be changed upon seven (7) days’ written notice given to Processor by the Collateral Agent):
CANTOR FITZGERALD SECURITIES, as Collateral Agent 
1801 N. Military Trail, Suite 202
Boca Raton, FL 33431
Attention: N. Horning (Sears)

and 

CANTOR FITZGERALD SECURITIES, as Collateral Agent 
900 West Trade Street, Suite 725
Charlotte, NC  28202
Attention: Bobbie Young (Sears)
Processor shall be fully protected in acting on any order or direction by the Collateral Agent respecting the Credit Card Proceeds and other amounts without making any inquiry whatsoever as to the Collateral Agent’s right or authority to give such order or direction or as to the application of any payment made pursuant thereto.
This Credit Card Notification may be amended only with the prior written consent of the Collateral Agent and may be terminated solely by prior written notice signed by an officer of the Collateral Agent.
Very truly yours,
[SEARS, ROEBUCK AND CO.]30 

By: ____________________________            
Name: __________________________             
Title: ___________________________            

	
		
	cc:
	Cantor Fitzgerald Securities, as Collateral Agent

______________________________

30 Insert name of appropriate Loan Party.

EXHIBIT I
[FORM OF] THIRD PARTY PAYOR NOTIFICATION 
THIRD PARTY PAYOR NOTIFICATION - PHARMACY RECEIVABLES
PREPARE ON BORROWER/LOAN PARTY LETTERHEAD - 
ONE FOR EACH THIRD PARTY PAYOR
________________, _______
To:    [Name and Address of Third Party Payor]
(the “Processor”) 

Re:    Kmart Corporation
[Account Number[s]: ____________________]

Dear Sir/Madam:
CANTOR FITZGERALD SECURITIES (“CFS”), as administrative agent and collateral agent (in such capacity, together with any of its successors and permitted assigns, the “Collateral Agent”) with respect to a loan arrangement (the “Loan Arrangement”) pursuant to the Superpriority Junior Secured Debtor-In-Possession Credit Agreement, dated as of November [__], 2018 (as the same may be amended, restated, supplemented or otherwise modified from time to time) by and among SEARS HOLDINGS CORPORATION, a Delaware corporation and a debtor and debtor-in-possession (“Holdings”), SEARS ROEBUCK ACCEPTANCE CORP., a Delaware corporation and a debtor and debtor-in-possession (“SRAC”), KMART CORPORATION, a Michigan corporation and a debtor and debtor-in-possession (“Kmart Corp.”; Kmart Corp. together with SRAC, the “Borrowers”), the several banks, financial institutions or entities from time to time party thereto as Term Lenders (each a “Lender” and collectively, the “Lenders”).  To secure the obligations of the undersigned under the Loan Arrangement, the undersigned has granted to the Collateral Agent, for the benefit of the other secured parties (together with the Collateral Agent, the “Credit Parties”), a lien on, among other things, all claims on account of pharmacy services submitted by the Company to the Processor for processing and the amounts which the Processor owes to the Company on account thereof (the “Pharmacy Proceeds”). As used herein, the term “Collateral Agent” means, initially, CFS, provided that CFS may at any time deliver written notice to the Processor advising the Processor that the Collateral Agent is no longer CFS, following which time the term “Collateral Agent” shall mean and refer to such other entity as may be specified on such notice.
The undersigned hereby instructs Processor that, until the Processor receives written notification from the Collateral Agent to the contrary, all amounts that may become due from time to time from the Processor to the Company with respect to the above-referenced Account Number[s] shall be transferred as follows:
		
	(a)
	By ACH, Depository Transfer Check, or Electronic Depository Transfer to: 

[________________]
ABA # ___________
Account Name: [Sears]
Account No.     
Or

		
	(b)
	As the Processor may be otherwise instructed from time to time in writing by an officer of the Collateral Agent.

Upon the written request of the Collateral Agent, a copy of each periodic statement issued by the Processor to the Company should be provided to the Collateral Agent at the following address (which address may be changed upon seven (7) days’ written notice given to the Processor by the Collateral Agent):
CANTOR FITZGERALD SECURITIES, as Collateral Agent 
1801 N. Military Trail, Suite 202
Boca Raton, FL 33431
Attention: N. Horning (Sears)

CANTOR FITZGERALD SECURITIES, as Collateral Agent 
900 West Trade Street, Suite 725
Charlotte, NC  28202
Attention: Bobbie Young (Sears)
The Processor shall be fully protected in acting on any order or direction by the Collateral Agent respecting the Pharmacy Proceeds and other amounts without making any inquiry whatsoever as to the Collateral Agent’s right or authority to give such order or direction or as to the application of any payment made pursuant thereto.
This Notification may be amended only with the written consent of the Collateral Agent and may be terminated solely by written notice signed by an officer of the Collateral Agent.
Very truly yours,
KMART CORPORATION
By:    _____________________            
Name:     _____________________            
Title:     _____________________            

cc:    Cantor Fitzgerald Securities, as Collateral Agent

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