Document:

EX-4.1

 Exhibit 4.1 
  

 
 DOMINO’S PIZZA MASTER ISSUER
LLC, 
 DOMINO’S PIZZA DISTRIBUTION LLC, 

DOMINO’S IP HOLDER LLC and 

DOMINO’S SPV CANADIAN HOLDING COMPANY INC. 

each as a Co-Issuer 

and 
 CITIBANK, N.A., 

as Trustee and Securities Intermediary 
  

 
 SIXTH
SUPPLEMENT 
 Dated as of April 16, 2021 

to the 
 AMENDED AND RESTATED
BASE INDENTURE 
 Dated as of March 15, 2012 
  

 
 Asset Backed
Notes 
 (Issuable in Series) 

 SIXTH SUPPLEMENT TO AMENDED AND RESTATED BASE INDENTURE 

SIXTH SUPPLEMENT, dated as of April 16, 2021 (this “Sixth Supplement”), to the Amended and Restated Base Indenture,
dated as of March 15, 2012, is by and among DOMINO’S PIZZA MASTER ISSUER LLC, a Delaware limited liability company (the “Master Issuer”), DOMINO’S PIZZA DISTRIBUTION LLC, a Delaware limited liability company (the
“Domestic Distributor”), DOMINO’S SPV CANADIAN HOLDING COMPANY INC., a Delaware corporation (the “SPV Canadian Holdco”), DOMINO’S IP HOLDER LLC, a Delaware limited liability company (the “IP Holder” and
together with the Master Issuer, the Domestic Distributor and the SPV Canadian Holdco, collectively, the “Co-Issuers” and each, a “Co-Issuer”), and
CITIBANK, N.A., a national banking association, as trustee (in such capacity, the “Trustee”), and as securities intermediary (in such capacity, the “Securities Intermediary”). 

PRELIMINARY STATEMENT 

WHEREAS, the Co-Issuers and the Trustee entered into the Amended and Restated Base Indenture (as
amended by the First Supplement to Amended and Restated Base Indenture, dated as of September 16, 2013, the Second Supplement to Amended and Restated Base Indenture, dated as of October 21, 2015, the Third Supplement to Amended and
Restated Base Indenture, dated as of October 21, 2015, the Fourth Supplement to Amended and Restated Base Indenture, dated as of July 24, 2017, and the Fifth Supplement to Amended and Restated Base Indenture, dated as of November 21,
2018 and as further amended, modified or supplemented prior to the date hereof, the “Base Indenture”); 
 WHEREAS,
Section 13.2(a) of the Base Indenture provides, among other things, that the Co-Issuers and the Trustee, with the consent of the Control Party (at the direction of the Controlling
Class Representative), may at any time, and from time to time, make amendments, waivers and other modifications to the Base Indenture; 

WHEREAS, the Co-Issuers have duly authorized the execution and delivery of this Sixth Supplement; 

WHEREAS, the Control Party is willing to provide its written consent (in accordance with the terms and conditions of the Base Indenture) to
the execution of this Sixth Supplement and; 
 WHEREAS, the Co-Issuers and the Trustee wish to amend
the Base Indenture as set forth herein. 
 NOW, THEREFORE, in consideration of the provisions, covenants and the mutual agreements herein
contained, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 
 Unless
otherwise defined herein, all capitalized terms used herein (including in the preamble and the recitals hereto) shall have the meanings assigned to such terms in the Base Indenture Definitions List attached to the Base Indenture as Annex A thereto
(the “Base Indenture Definitions List”). 

 ARTICLE II 

AMENDMENTS 

Section 2.1.    The Base Indenture is being amended and restated in its entirety in the form attached hereto as
Exhibit A. 
 ARTICLE III 

GENERAL 

Section 3.1.    Conditions to Effectiveness. The provisions of this Sixth Supplement shall be effective upon
execution and delivery of this instrument by the parties hereto, with the consent of the Control Party and the delivery of the Opinion of Counsel and Officer’s Certificate described in Section 13.3 of the Base Indenture. 

Section 3.2.    Effect on Base Indenture. Subject to the satisfaction of the conditions precedent set forth in
Section 3.1, upon the date hereof (i) the Base Indenture shall be amended in accordance herewith, (ii) this Sixth Supplement shall form part of the Base Indenture for all purposes and (iii) the parties and each Noteholder shall
be bound by the Base Indenture, as so amended. Except as expressly set forth or contemplated in this Sixth Supplement, the terms and conditions of the Base Indenture shall remain in place and shall not be altered, amended or changed in any manner
whatsoever, except by any further amendment to the Base Indenture made in accordance with the terms of the Base Indenture, as amended by this Sixth Supplement. 

Section 3.3.    Binding Effect. This Sixth Supplement shall inure to the benefit of and be binding on the
respective successors and assigns of the parties hereto, each Noteholder and each other Secured Party. 

Section 3.4.    Counterparts. This Sixth Supplement may be executed in any number of counterparts, each of
which so executed shall be deemed to be an original, but all of such counterparts shall together constitute but one and the same instrument. 

Section 3.5.    Governing Law. THIS SIXTH SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 Section 3.6.    Electronic Signatures and Transmission.
For purposes of this Supplement, any reference to “written” or “in writing” means any form of written communication, including, without limitation, electronic signatures, and any such written communication may be transmitted by
Electronic Transmission. “Electronic Transmission” means any form of communication not directly involving the physical transmission of paper, including the use of, or participation in, one or more electronic networks or databases
(including one or more distributed electronic networks or databases), that creates a record that may be retained, retrieved and reviewed by a recipient thereof and that may be directly reproduced in paper form by such a recipient through an
automated process. The Trustee is authorized to accept written instructions, directions, reports, notices or other communications delivered by Electronic Transmission and shall not have any duty or 

  
 -3- 

 
obligation to verify or confirm that the Person sending instructions, directions, reports, notices or other communications or information by Electronic Transmission is, in fact, a Person
authorized to give such instructions, directions, reports, notices or other communications or information on behalf of the party purporting to send such Electronic Transmission, and the Trustee shall not have any liability for any losses,
liabilities, costs or expenses incurred or sustained by any party as a result of such reliance upon or compliance with such instructions, directions, reports, notices or other communications or information to the Trustee, including, without
limitation, the risk of the Trustee acting on unauthorized instructions, notices, reports or other communications or information, and the risk of interception and misuse by third parties (except to the extent such action results from gross
negligence, willful misconduct or fraud by the Trustee). Any requirement in the Indenture that a document is to be signed or authenticated by “manual signature” or similar language shall not be deemed to prohibit signature to be by
facsimile or electronic signature and shall not be deemed to prohibit delivery thereof by Electronic Transmission. Notwithstanding anything to the contrary in this Supplement, any and all communications (both text and attachments) by or from the
Trustee that the Trustee in its sole discretion deems to contain confidential, proprietary and/or sensitive information and sent by Electronic Transmission will be encrypted. The recipient of the Electronic Transmission will be required to complete
a one-time registration process. 
 Section 3.7.    Amendments. This
Sixth Supplement may not be modified or amended except in accordance with the terms of the Base Indenture. 

Section 3.8.    Trustee and Securities Intermediary. The Trustee and the Securities Intermediary assume no
responsibility for the correctness of the recitals contained herein, which shall be taken as the statements of the Master Issuer and neither the Trustee nor the Securities Intermediary shall be responsible or accountable in any way whatsoever for or
with respect to the validity, execution or sufficiency of this Sixth Supplement and makes no representation with respect thereto. In entering into this Sixth Supplement, the Trustee and the Securities Intermediary shall be entitled to the benefit of
every provision of the Base Indenture relating to the conduct of or affecting the liability of or affording protection to the Trustee or the Securities Intermediary. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

Each party hereto represents and warrants to each other party hereto that this Sixth Supplement has been duly and validly executed and
delivered by such party and constitutes its legal, valid and binding obligation, enforceable against such party in accordance with its terms. 

[Remainder of Page Intentionally Left Blank] 

  
 -4- 

 IN WITNESS WHEREOF, each of the Co-Issuers and the
Trustee have caused this Sixth Supplement to be executed and delivered by its respective duly authorized officer as of the day and year first written above. 

 

			
	DOMINO’S MASTER ISSUER LLC, as Co-Issuer
		
	By:	 	
                    

		 	Name:
		 	Title:
	
	DOMINO’S PIZZA DISTRIBUTION LLC, as Co-Issuer
		
	By:	 	
                    

		 	Name:
		 	Title:
	
	DOMINO’S SPV CANADIAN HOLDING COMPANY INC., as Co-Issuer
		
	By:	 	  

		 	Name:
		 	Title:
	
	DOMINO’S IP HOLDER LLC, as Co-Issuer
		
	By:	 	  

		 	Name:
		 	Title:
	
	CITIBANK, N.A., in its capacity as Trustee and Securities Intermediary
		
	By:	 	  

		 	Name:
		 	Title:

			
	CONSENT OF CONTROL PARTY AND CONTROLLING CLASS REPRESENTATIVE:
	
	 In accordance with Section 2.4 of the Servicing Agreement, Midland Loan Services, a division of PNC Bank, National
Association, as Control Party and in its capacity as Control Patty to exercise the rights of the Controlling Class Representative (pursuant to Section 11.1( d) of the Amended and Restated Base Indenture), hereby consents to the execution and
delivery by the Co-Issuers and the Trustee of this Sixth Supplement to the Amended and Restated Base Indenture.

	
	 MIDLAND LOAN SERVICES,
 A DIVISION
OF PNC BANK, NATIONAL ASSOCIATION

		
	By:	 	
                    

		 	Name:
		 	Title:

 EXHIBIT A 

FORM OF AMENDED AND RESTATED BASE INDENTURE 

 CONFORMED VERSION 

THROUGH SIXTH SUPPLEMENT 
  

 
 DOMINO’S PIZZA MASTER ISSUER LLC,

 DOMINO’S PIZZA DISTRIBUTION LLC, 

DOMINO’S IP HOLDER LLC and 

DOMINO’S SPV CANADIAN HOLDING COMPANY INC. 

each as Co-Issuer 

and 
 CITIBANK, N.A., 

as Trustee and Securities Intermediary 
  

 
 AMENDED AND
RESTATED BASE INDENTURE 
 Dated as of March 15, 2012 

 
  

Asset Backed Notes 
 (Issuable in
Series) 
  
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 Article I DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	 
		
	 Section 1.1 Definitions
	  	 	1	 
		
	 Section 1.2 Cross-References
	  	 	2	 
		
	 Section 1.3 Accounting and Financial Determinations; No Duplication
	  	 	2	 
		
	 Section 1.4 Rules of Construction
	  	 	2	 
		
	 Article II THE NOTES
	  	 	2	 
		
	 Section 2.1 Designation and Terms of Notes
	  	 	2	 
		
	 Section 2.2 Notes Issuable in Series
	  	 	3	 
		
	 Section 2.3 Series Supplement for Each Series
	  	 	11	 
		
	 Section 2.4 Execution and Authentication
	  	 	12	 
		
	 Section 2.5 Registrar and Paving Agent
	  	 	13	 
		
	 Section 2.6 Paying Agent to Hold Money in Trust
	  	 	14	 
		
	 Section 2.7 Noteholder List
	  	 	15	 
		
	 Section 2.8 Transfer and Exchange
	  	 	16	 
		
	 Section 2.9 Persons Deemed Owners
	  	 	17	 
		
	 Section 2.10 Replacement Notes
	  	 	17	 
		
	 Section 2.11 Treasury Notes
	  	 	18	 
		
	 Section 2.12 Book-Entry Notes
	  	 	18	 
		
	 Section 2.13 Definitive Notes
	  	 	20	 
		
	 Section 2.14 Cancellation
	  	 	20	 
		
	 Section 2.15 Principal and Interest
	  	 	21	 
		
	 Section 2.16 Tax Treatment
	  	 	21	 
		
	 Article III SECURITY
	  	 	22	 
		
	 Section 3.1 Grant of Security Interest
	  	 	22	 
		
	 Section 3.2 Certain Rights and Obligations of the
Co-Issuers Unaffected
	  	 	26	 
		
	 Section 3.3 Performance of Collateral Documents
	  	 	27	 
		
	 Section 3.4 Stamp, Other Similar Taxes and Filing Fees
	  	 	28	 
		
	 Section 3.5 Authorization to File Financing Statements
	  	 	28	 
		
	 Article IV REPORTS
	  	 	29	 
		
	 Section 4.1 Reports and Instructions to Trustee
	  	 	29	 
		
	 Section 4.2 Annual Noteholders’ Tax Statement
	  	 	31	 
		
	 Section 4.3 Rule 144A Information
	  	 	32	 

  
 -i- 

					
	 Section 4.4 Reports, Financial Statements and Other Information to Noteholders
	  	 	32	 
		
	 Section 4.5 Manager
	  	 	33	 
		
	 Section 4.6 No Constructive Notice
	  	 	33	 
		
	 Article V ALLOCATION AND APPLICATION OF COLLECTIONS
	  	 	34	 
		
	 Section 5.1 Concentration Accounts, Lock-Boxes and Additional Accounts
	  	 	34	 
		
	 Section 5.2 Senior Notes Interest Reserve Account
	  	 	35	 
		
	 Section 5.3 Senior Subordinated Notes Interest Reserve Account
	  	 	36	 
		
	 Section 5.4 Cash Trap Reserve Account
	  	 	37	 
		
	 Section 5.5 Collection Account
	  	 	37	 
		
	 Section 5.6 Collection Account Administrative Accounts
	  	 	38	 
		
	 Section 5.7 Hedge Payment Account
	  	 	40	 
		
	 Section 5.8 Trustee as Securities Intermediary
	  	 	41	 
		
	 Section 5.9 Establishment of Series Accounts: Legacy Accounts
	  	 	42	 
		
	 Section 5.10 Collections and Investment Income
	  	 	43	 
		
	 Section 5.11 Application of Weekly Collections on Weekly Allocation Dates
	  	 	48	 
		
	 Section 5.12 Quarterly Payment Date Applications
	  	 	53	 
		
	 Section 5.13 Determination of Quarterly Interest
	  	 	66	 
		
	 Section 5.14 Determination of Quarterly Principal
	  	 	66	 
		
	 Section 5.15 Prepayment of Principal
	  	 	66	 
		
	 Section 5.16 Retained Collections Contributions
	  	 	66	 
		
	 Section 5.17 Interest Reserve Letters of Credit
	  	 	67	 
		
	 Section 5.18 Replacement of Ineligible Accounts
	  	 	68	 
		
	 Article VI DISTRIBUTIONS
	  	 	68	 
		
	 Section 6.1 Distributions in General
	  	 	68	 
		
	 Article VII REPRESENTATIONS AND WARRANTIES
	  	 	69	 
		
	 Section 7.1 Existence and Power
	  	 	69	 
		
	 Section 7.2 Company and Governmental Authorization
	  	 	69	 
		
	 Section 7.3 No Consent
	  	 	70	 
		
	 Section 7.4 Binding Effect
	  	 	70	 
		
	 Section 7.5 Litigation
	  	 	70	 
		
	 Section 7.6 No ERISA Plan
	  	 	70	 
		
	 Section 7.7 Tax Filings and Expenses
	  	 	70	 
		
	 Section 7.8 Disclosure
	  	 	71	 
		
	 Section 7.9 Investment Company Act
	  	 	71	 

  
 -ii- 

					
	 Section 7.10 Regulations T, U and X
	  	 	71	 
		
	 Section 7.11 Solvency
	  	 	71	 
		
	 Section 7.12 Ownership of Equity Interests: Subsidiaries
	  	 	72	 
		
	 Section 7.13 Security Interests
	  	 	73	 
		
	 Section 7.14 Related Documents
	  	 	74	 
		
	 Section 7.15 Non-Existence of Other
Agreements
	  	 	74	 
		
	 Section 7.16 Compliance with Contractual Obligations and Laws
	  	 	74	 
		
	 Section 7.17 Other Representations
	  	 	74	 
		
	 Section 7.18 No Employees
	  	 	74	 
		
	 Section 7.19 Insurance
	  	 	74	 
		
	 Section 7.20 Environmental Matters: Real Property
	  	 	75	 
		
	 Section 7.21 Intellectual Property
	  	 	75	 
		
	 Article VIII COVENANTS
	  	 	76	 
		
	 Section 8.1 Payment of Notes
	  	 	76	 
		
	 Section 8.2 Maintenance of Office or Agency
	  	 	76	 
		
	 Section 8.3 Payment and Performance of Obligations
	  	 	77	 
		
	 Section 8.4 Maintenance of Existence
	  	 	77	 
		
	 Section 8.5 Compliance with Laws
	  	 	77	 
		
	 Section 8.6 Inspection of Property: Books and Records
	  	 	77	 
		
	 Section 8.7 Actions under the Collateral Documents and Related Documents
	  	 	78	 
		
	 Section 8.8 Notice of Defaults and Other Events
	  	 	79	 
		
	 Section 8.9 Notice of Material Proceedings
	  	 	79	 
		
	 Section 8.10 Further Requests
	  	 	80	 
		
	 Section 8.11 Further Assurances
	  	 	80	 
		
	 Section 8.12 Liens
	  	 	81	 
		
	 Section 8.13 Other Indebtedness
	  	 	81	 
		
	 Section 8.14 No ERISA Plan
	  	 	82	 
		
	 Section 8.15 Mergers
	  	 	82	 
		
	 Section 8.16 Asset Dispositions
	  	 	82	 
		
	 Section 8.17 Acquisition of Assets
	  	 	83	 
		
	 Section 8.18 Dividends, Officers’ Compensation, etc
	  	 	83	 
		
	 Section 8.19 Legal Name, Location Under
Section 9-301 or 9-307
	  	 	84	 
		
	 Section 8.20 Charter Documents
	  	 	84	 
		
	 Section 8.21 Investments
	  	 	84	 

  
 -iii- 

					
	 Section 8.22 No Other Agreements
	  	 	84	 
		
	 Section 8.23 Other Business
	  	 	85	 
		
	 Section 8.24 Maintenance of Separate Existence
	  	 	85	 
		
	 Section 8.25 Covenants Regarding the Domino’s IP
	  	 	86	 
		
	 Section 8.26 [Reserved]
	  	 	89	 
		
	 Section 8.27 Real Property
	  	 	89	 
		
	 Section 8.28 No Employees
	  	 	89	 
		
	 Section 8.29 Insurance
	  	 	89	 
		
	 Section 8.30 Litigation
	  	 	89	 
		
	 Section 8.31 Environmental
	  	 	89	 
		
	 Section 8.32 Enhancements
	  	 	90	 
		
	 Section 8.33 Series Hedge Agreements: Derivatives Generally
	  	 	90	 
		
	 Section 8.34 Additional Securitization Entity
	  	 	90	 
		
	 Section 8.35 Subordinated Debt Repayments
	  	 	91	 
		
	 Section 8.36 Tax Lien Reserve Amount
	  	 	91	 
		
	 Section 8.37 Mortgages
	  	 	92	 
		
	 Article IX REMEDIES
	  	 	92	 
		
	 Section 9.1 Rapid Amortization Events
	  	 	92	 
		
	 Section 9.2 Events of Default
	  	 	93	 
		
	 Section 9.3 Rights of the Control Party and Trustee upon Event of Default
	  	 	97	 
		
	 Section 9.4 Waiver of Appraisal, Valuation, Stay and Right to Marshaling
	  	 	100	 
		
	 Section 9.5 Limited Recourse
	  	 	100	 
		
	 Section 9.6 Optional Preservation of the Collateral
	  	 	100	 
		
	 Section 9.7 Waiver of Past Events
	  	 	100	 
		
	 Section 9.8 Control by the Control Party
	  	 	101	 
		
	 Section 9.9 Limitation on Suits
	  	 	101	 
		
	 Section 9.10 Unconditional Rights of Noteholders to Receive Payment
	  	 	102	 
		
	 Section 9.11 The Trustee May File Proofs of Claim
	  	 	102	 
		
	 Section 9.12 Undertaking for Costs
	  	 	103	 
		
	 Section 9.13 Restoration of Rights and Remedies
	  	 	103	 
		
	 Section 9.14 Rights and Remedies Cumulative
	  	 	103	 
		
	 Section 9.15 Delay or Omission Not Waiver
	  	 	103	 
		
	 Section 9.16 Waiver of Stay or Extension Laws
	  	 	104	 

  
 -iv- 

					
	 Article X THE TRUSTEE
	  	 	104	 
		
	 Section 10.1 Duties of the Trustee
	  	 	104	 
		
	 Section 10.2 Rights of the Trustee
	  	 	107	 
		
	 Section 10.3 Individual Rights of the Trustee
	  	 	109	 
		
	 Section 10.4 Notice of Events of Default and Defaults
	  	 	109	 
		
	 Section 10.5 Compensation and Indemnity
	  	 	109	 
		
	 Section 10.6 Replacement of the Trustee
	  	 	110	 
		
	 Section 10.7 Successor Trustee by Merger, etc
	  	 	111	 
		
	 Section 10.8 Eligibility Disqualification
	  	 	111	 
		
	 Section 10.9 Appointment of Co-Trustee or Separate
Trustee
	  	 	112	 
		
	 Section 10.10 Representations and Warranties of Trustee
	  	 	113	 
		
	 Article XI CONTROLLING CLASS REPRESENTATIVE AND CONTROL PARTY
	  	 	113	 
		
	 Section 11.1 Controlling Class Representative
	  	 	113	 
		
	 Section 11.2 Resignation or Removal of the Controlling Class Representative
	  	 	116	 
		
	 Section 11.3 Expenses and Liabilities of the Controlling Class Representative
	  	 	116	 
		
	 Section 11.4 Control Party
	  	 	117	 
		
	 Section 11.5 Note Owner List
	  	 	119	 
		
	 Article XII DISCHARGE OF INDENTURE
	  	 	119	 
		
	 Section 12.1 Termination of the Co-Issuers’ and
Guarantors’ Obligations
	  	 	119	 
		
	 Section 12.2 Application of Trust Money
	  	 	123	 
		
	 Section 12.3 Repayment to the Co-Issuers
	  	 	124	 
		
	 Section 12.4 Reinstatement
	  	 	124	 
		
	 Article XIII AMENDMENTS
	  	 	124	 
		
	 Section 13.1 Without Consent of the Controlling Class Representative or the
Noteholders
	  	 	124	 
		
	 Section 13.2 With Consent of the Controlling Class Representative or the
Noteholders
	  	 	126	 
		
	 Section 13.3 Supplements
	  	 	128	 
		
	 Section 13.4 Revocation and Effect of Consents
	  	 	128	 
		
	 Section 13.5 Notation on or Exchange of Notes
	  	 	128	 
		
	 Section 13.6 The Trustee to Sign Amendments, etc
	  	 	128	 
		
	 Section 13.7 Amendments and Fees
	  	 	129	 
		
	 Article XIV MISCELLANEOUS
	  	 	129	 
		
	 Section 14.1 Notices
	  	 	129	 
		
	 Section 14.2 Communication by Noteholders With Other Noteholders
	  	 	133	 
		
	 Section 14.3 Officer’s Certificate as to Conditions Precedent
	  	 	133	 
		
	 Section 14.4 Statements Required in Certificate
	  	 	134	 

  
 -v- 

					
		
	 Section 14.5 Rules by the Trustee
	  	 	134	 
		
	 Section 14.6 Benefits of Indenture
	  	 	134	 
		
	 Section 14.7 Payment on Business Day
	  	 	134	 
		
	 Section 14.8 Governing Law
	  	 	134	 
		
	 Section 14.9 Successors
	  	 	134	 
		
	 Section 14.10 Severability
	  	 	135	 
		
	 Section 14.11 Counterpart Originals
	  	 	135	 
		
	 Section 14.12 Table of Contents, Headings, etc
	  	 	135	 
		
	 Section 14.13 No Bankruptcy Petition Against the Securitization Entities
	  	 	135	 
		
	 Section 14.14 Recording of Indenture
	  	 	135	 
		
	 Section 14.15 Waiver of Jury Trial
	  	 	135	 
		
	 Section 14.16 Submission to Jurisdiction: Waivers
	  	 	136	 
		
	 Section 14.17 Permitted Asset Dispositions; Release of Collateral
	  	 	136	 
		
	 Section 14.18 Administration of the DNAF Account
	  	 	136	 

 ANNEXES 
 Annex A
Base Indenture Definitions List 
 EXHIBITS 
  

			
	 Exhibit A
	  	 Weekly Manager’s Certificate

	 Exhibit B-l
	  	 Quarterly Manager’s Certificate

	 Exhibit B-2
	  	 Quarterly Noteholders’ Statement

	 Exhibit C
	  	 Monthly Distributor Profit Certificate

	 Exhibit D-l
	  	 Form of Grant of Security Interest in Trademarks

	 Exhibit D-2
	  	 Form of Grant of Security Interest in Patents

	 Exhibit D-3
	  	 Form of Grant of Security Interest in Copyrights

	 Exhibit E-l
	  	 Form of Supplemental Grant of Security Interest in Trademarks

	 Exhibit E-2
	  	 Form of Supplemental Grant of Security Interest in Patents

	 Exhibit E-3
	  	 Form of Supplemental Grant of Security Interest in Copyrights

	 Exhibit F
	  	 Form of Investor Request Certification

	 Exhibit G
	  	 Notice Requesting Contact Information of Initial Note Owners

	 Exhibit H
	  	 CCR Election Notice

	 Exhibit I
	  	 CCR Nomination

	 Exhibit J
	  	 CCR Ballot

	 Exhibit K
	  	 CCR Acceptance Letter

	 Exhibit L
	  	 Form of Mortgage

	 Exhibit M
	  	 Form of Supplement for Additional
Co-Issuers

	 Exhibit N
	  	 Form of Investor Certification

	 Exhibit O
	  	 Form of Note Owner Certificate

  
 -vi- 

					
	 Schedule 7.3
	 	-	  	 Consents

	 Schedule 7.6
	 	-	  	 Plans

	 Schedule 7.7
	 	-	  	 Proposed Tax Assessments

	 Schedule 7.13(a)
	 	-    	  	 Non-Perfected Liens

	 Schedule 7.19
	 	-	  	 Insurance

	 Schedule 7.21
	 	-	  	 Pending Actions or Proceedings Relating to the Domino’s IP

	 Schedule 8.11
	 	-	  	 Liens

  

  
 -vii- 

 AMENDED AND RESTATED BASE INDENTURE, dated as of March 15, 2012, by and among
DOMINO’S PIZZA MASTER ISSUER LLC, a Delaware limited liability company (the “Master Issuer”), DOMINO’S PIZZA DISTRIBUTION LLC, a Delaware limited liability company (the “Domestic Distributor”),
DOMINO’S SPV CANADIAN HOLDING COMPANY INC., a Delaware corporation (the “SPV Canadian Holdco”), DOMINO’S IP HOLDER LLC, a Delaware limited liability company (the “IP Holder” and together with the Master
Issuer, the Domestic Distributor and the SPV Canadian Holdco, collectively, the “Co-Issuers” and each, a “Co-Issuer”), each as a Co-Issuer, and CITIBANK, N.A., a national banking association, as trustee (in such capacity, the “Trustee”), and as securities intermediary. 

W I T N E S S E T H : 
 WHEREAS,
the Co-Issuers and the Trustee entered into the Base Indenture, dated as of April 16, 2007, as amended by the First Supplement, dated as of March 6, 2009, the Second Supplement, dated as of
March 13, 2009, and the Third Supplement, dated as of December 14, 2011 (collectively, the “2007 Base Indenture”): 

WHEREAS, the Co-Issuers desire to amend and restate the 2007 Base Indenture in its entirety as
hereinafter provided and have satisfied the conditions precedent thereto set forth in Section 12.2 thereof; 
 WHEREAS, each of the Co-Issuers has duly authorized the execution and delivery of this Base Indenture to provide for the issuance from time to time of one or more series of asset backed notes (the “Notes”), as provided
in this Base Indenture and in supplements to this Base Indenture; and 
 WHEREAS, all things necessary to make this Base Indenture a legal,
valid and binding agreement of the Co-Issuers, in accordance with its terms, have been done, and the Co- Issuers propose to do all the things necessary to make the
Notes, when executed by the Co- Issuers and authenticated and delivered by the Trustee hereunder and duly issued by the Co- Issuers, the legal, valid and binding
obligations of the Co-Issuers as hereinafter provided; 
 NOW, THEREFORE, for and in consideration
of the premises and the receipt of the Notes by the Noteholders, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Noteholders (in accordance with the priorities set forth herein and in any Series Supplement), as
follows: 
 ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.1 Definitions. Capitalized terms used herein (including the preamble and the recitals hereto) shall have the meanings
assigned to such terms in the Definitions List attached hereto as Annex A (the “Base Indenture Definitions List”), as such Definitions List may be amended, supplemented or otherwise modified from time to time in accordance with the
provisions hereof. 

 Section 1.2 Cross-References. Unless otherwise specified, references in the
Indenture and in each other Related Document to any Article or Section are references to such Article or Section of the Indenture or such other Related Document, as the case may be, and, unless otherwise specified, references in any Article, Section
or definition to any clause are references to such clause of such Article, Section or definition. 
 Section 1.3 Accounting and
Financial Determinations; No Duplication. Where the character or amount of any asset or liability or item of income or expense is required to be determined, or any accounting computation is required to be made, for the purpose of the Indenture
or any other Related Document, such determination or calculation shall be made, to the extent applicable and except as otherwise specified in the Indenture or such other Related Document, in accordance with GAAP. When used herein, the term
“financial statement” shall include the notes and schedules thereto. All accounting determinations and computations hereunder or under any other Related Documents shall be made without duplication. 

Section 1.4 Rules of Construction. In the Indenture and the other Related Documents, unless the context otherwise requires: 

(a)    the singular includes the plural and vice versa; 

(b)    reference to any Person includes such Person’s successors and assigns but, if applicable, only if such
successors and assigns are permitted by the Indenture and the other applicable Related Documents, as the case may be, and reference to any Person in a particular capacity only refers to such Person in such capacity; 

(c)    reference to any gender includes the other gender; 

(d)    reference to any Requirement of Law means such Requirement of Law as amended, modified, codified or reenacted, in
whole or in part, and in effect from time to time; 
 (e)    “including” (and with correlative meaning
“include”) means including without limiting the generality of any description preceding such term; and 

(f)    with respect to the determination of any period of time, except as otherwise specified, “from” means
“from and including” and “to” means “to but excluding”. 
 ARTICLE II 

THE NOTES 

Section 2.1 Designation and Terms of Notes. 

(a)    Each Series of Notes shall be substantially in the form specified in the applicable Series Supplement and shall
bear, upon its face, the designation for such Series to which it belongs as selected by the Co-Issuers, with such appropriate insertions, omissions, substitutions and other variations as are required or
permitted hereby or by the applicable Series Supplement and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may, consistently herewith, be determined to be

  
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appropriate by the Authorized Officers of the Co-Issuers executing such Notes, as evidenced by execution of such Notes by such Authorized Officers. All
Notes of any Series shall, except as specified in the applicable Series Supplement, be equally and ratably entitled as provided herein to the benefits hereof without preference, priority or distinction on account of the actual time or times of
authentication and delivery, all in accordance with the terms and provisions of this Base Indenture and any applicable Series Supplement. The aggregate principal amount of Notes which may be authenticated and delivered under this Base Indenture is
unlimited. The Notes of each Series shall be issued in the denominations set forth in the applicable Series Supplement. 

(b)    With respect to any Variable Funding Note Purchase Agreement entered into by the
Co-Issuers in connection with the issuance of any Class A-1 Senior Notes, whether or not any of the following shall have been specifically provided for in the
applicable provision of the Indenture Documents, the following shall be true (except to the extent that the Series Supplement or Variable Funding Note Purchase Agreement with respect to such Class of Notes provides otherwise): 

(i)    for purposes of any provision of any Indenture Document relating to any vote, consent, direction,
waiver or the like to be given by such Class on any date, with respect to each Series of Class A-1 Senior Notes Outstanding, the relevant principal amount of each such Series of Notes to be used in
tabulating the percentage of such Series voting, directing, consenting or waiving or the like (the “Class A-1 Senior Notes Voting Amount”) will be deemed to be the
greater of (1) the Class A-1 Senior Notes Maximum Principal Amount for such Series (after giving effect to any cancelled commitments) and (2) the Outstanding Principal Amount of Class A-1 Senior Notes for such Series; 
 (ii)    for purposes of
any provisions of any Indenture Document relating to termination, discharge or the like, such Class shall continue to be deemed Outstanding unless and until all commitments to extend credit under such Variable Funding Note Purchase Agreement
have been terminated thereunder and the Outstanding Principal Amount of such Class shall have been reduced to zero; and 

(iii)    notwithstanding the foregoing, and for the avoidance of doubt, a Series Supplement or a Variable
Funding Note Purchase Agreement may provide for different treatment of commitments of a Noteholder of a Class A-1 Senior Note subject to such Series Supplement or Variable Funding Note Purchase Agreement
that has failed to make a payment required to be made by it under the terms of the Variable Funding Note Purchase Agreement, that has provided written notification that it does not intend to make a payment required to be made by it thereunder when
due or that has become the subject of an Event of Bankruptcy. 
 Section 2.2 Notes Issuable in Series. 

(a)    The Notes may be issued in one or more Series. Each Series of Notes shall be created by a Series Supplement. 

  
 -3- 

 (b)    So long as each of the certifications described in clause
(vi) below are true and correct as of the applicable Series Closing Date, Notes of a new Series may from time to time be executed by the Co-Issuers and delivered to the Trustee for authentication and
thereupon the same shall be authenticated and delivered by the Trustee upon the receipt by the Trustee of a Company Request at least five (5) Business Days (except in the case of the issuance of the Series of Notes on the Closing Date) in
advance of the related Series Closing Date (which Company request will be revocable by the Co-Issuers upon notice to the Trustee no later than 5:00 p.m. (New York City time) two Business Days prior to the
related Series Closing Date) and upon performance or delivery by the Co-Issuers to the Trustee and the Control Party, and receipt by the Trustee and the Control Party, of the following: 

(i)    a Company Order authorizing and directing the authentication and delivery of the Notes of such new
Series by the Trustee and specifying the designation of such new Series, the Initial Principal Amount (or the method for calculating the Initial Principal Amount) of such new Series to be authenticated and the Note Rate with respect to such new
Series; 
 (ii)    a Series Supplement satisfying the criteria set forth in
Section 2.3 executed by the Co-Issuers and the Trustee and specifying the Principal Terms of such new Series; 

(iii)    if there is one or more Series of Notes Outstanding (other than a Series of Notes Outstanding that
will be repaid in full from the proceeds of issuance of the new Series of Notes or otherwise on the applicable Series Closing Date), written confirmation from either the Manager or the Master Issuer that the Rating Agency Condition with respect to
each Series of Notes Outstanding has been satisfied with respect to such issuance; 
 (iv)    any related
Enhancement Agreement entered into in connection with such issuance and executed by each of the parties thereto in compliance with Section 8.32; 

(v)    any related Series Hedge Agreement entered into in connection with such issuance and executed by
each of the parties thereto in compliance with Section 8.33; 
 (vi)    one or
more Officer’s Certificates, each executed by an Authorized Officer of each Co-Issuer, dated as of the applicable Series Closing Date to the effect that: 

(A)    the Senior ABS Leverage Ratio as of the applicable Series Closing Date is less than or equal to
6.5x (or, on and after the Springing Amendments Implementation Date, 7.0x) after giving effect to the issuance of the new Series of Notes (assuming all available amounts have been drawn under the Variable Funding Note Purchase Agreement); 

(B)    the Holdco Leverage Ratio is less than or equal to 7.0x (or, on and after the Springing Amendments
Implementation Date, 7.5x) after giving effect to the issuance of the new Series of Notes (assuming all available amounts have been drawn under the Variable Funding Note Purchase Agreement); 

  
 -4- 

 (C)    no Potential Rapid Amortization Event, Rapid
Amortization Event, Default or Event of Default has occurred and is continuing or will occur as a result of the issuance of the new Series of Notes; 

(D)    all representations and warranties of the Co-Issuers in the
Base Indenture and the other Related Documents are true and correct, and will continue to be true and correct after giving effect to such issuance on the Series Closing Date, in all material respects (other than any representation or warranty that,
by its terms, is made only as of an earlier date); 
 (E)    no Cash Trapping Period is in effect or
will commence as a result of the issuance of the new Series of Notes; 
 (F)    the New Series Pro Forma
Quarterly DSCR or, on and after the Springing Amendments Implementation Date, the New Series Pro Forma DSCR, is greater than or equal to 2.0x; 

(G)    no Manager Termination Event or Potential Manager Termination Event has occurred and is continuing
or will occur as a result of such issuance; 
 (H)    the proposed issuance does not alter or change the
terms of any Series of Notes Outstanding or the Series Supplement relating thereto without such consents as are required under this Base Indenture or the applicable Series Supplement; 

(I)    all costs, fees and expenses with respect to the issuance of the new Series of Notes or relating to
the actions taken in connection with such issuance that are required to be paid on the applicable Series Closing Date have been paid or will be paid from the proceeds of issuance of the new Series of Notes; 

(J)    all conditions precedent with respect to the authentication and delivery of such new Series of
Notes provided in this Base Indenture, the related Series Supplement and, if applicable, the related Variable Funding Note Purchase Agreement and any other related note purchase agreement executed in connection with the issuance of such new Series
of Notes have been satisfied or waived; 
 (K)    the Global G&C Agreement is in full force and
effect as to such new Series of Notes; 
 (L)    if such new Series of Notes includes Subordinated Debt,
the terms of any such new Series of Notes include the Subordinated Debt Provisions to the extent applicable; and 

(M)    each of the parties to the Related Documents with respect to such new Series of Notes has
covenanted and agreed in the Related Documents that, 

  
 -5- 

 
prior to the date which is one year and one day after the payment in full of the latest maturing Note, it will not institute against, or join with any other Person in instituting, against any
Securitization Entity, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law; 

provided, that none of the foregoing conditions shall apply and no Officer’s Certificates shall be required under this clause (vi) if
there are no Series of Notes Outstanding (apart from the new Series of Notes) on the applicable Series Closing Date, or if all Series of Notes Outstanding (apart from the new Series of Notes) will be repaid in full from the proceeds of issuance of
the new Series of Notes or otherwise on the applicable Series Closing Date; 
 (vii)    a Tax Opinion
dated the applicable Series Closing Date; provided, however, that, if there are no Notes Outstanding or if all Series of Notes Outstanding will be repaid in full from the proceeds of issuance of the new Series of Notes or otherwise on
the applicable Series Closing Date, only the opinions set forth in clauses (b) and (c) of the definition of Tax Opinion are required to be given in connection with the issuance of such new Series of Notes; 

(viii)    one or more Opinions of Counsel, subject to the assumptions and qualifications stated therein,
and in a form reasonably acceptable to the Control Party, dated the applicable Series Closing Date, substantially to the effect that: 

(A)    all of the instruments described in this Section 2.2(b) furnished to the
Trustee and the Control Party conform to the requirements of this Base Indenture and the related Series Supplement and the new Series of Notes is permitted to be authenticated by the Trustee pursuant to the terms of this Base Indenture and the
related Series Supplement; 
 (B)    the related Series Supplement has been duly authorized, executed
and delivered by the Co-Issuers and constitutes a legal, valid and binding agreement of each of the Co-Issuers, enforceable against each of the Co-Issuers in accordance with its terms; 
 (C)    such new Series of
Notes have been duly authorized by the Co-Issuers, and, when such Notes have been duly authenticated and delivered by the Trustee, such Notes will be legal, valid and binding obligations of each of the Co-Issuers, enforceable against each of the Co-Issuers in accordance with their terms; 

(D)    none of the Securitization Entities is required to be registered under the Investment Company Act;

 (E)    the Lien and the security interests created by the Base Indenture and the Global G&C
Agreement on the Collateral remain perfected as required by the Base Indenture and the Global G&C Agreement and such Lien and security interests extend to any assets transferred to the Securitization Entities in connection with the issuance of
such new Series of Notes; 

  
 -6- 

 (F)    based on a reasoned analysis, the assets of a
Securitization Entity as a debtor in bankruptcy would not be substantively consolidated with the assets and liabilities of Holdco or the Manager in a manner prejudicial to Noteholders; 

(G)    neither the execution and delivery by the Co-Issuers of
such Notes and the Series Supplement nor the performance by the Co-Issuers of its obligations under each of the Notes and the Series Supplement: (i) conflicts with the Charter Documents of the Co-Issuers, (ii) constitutes a violation of, or a default under, any material agreement to which any of the Co- Issuers is a party (as set forth in a schedule to such
opinion), or (iii) contravenes any order or decree that is applicable to any of the Co- Issuers (as set forth in a schedule to such opinion); 

(H)    neither the execution and delivery by the Co-Issuers of
such Notes and the Series Supplement nor the performance by the Co-Issuers of their payment obligations under each of such Notes and the Series Supplement: (i) violates any law, rule or regulation of any
relevant jurisdiction, or (ii) requires the consent, approval, licensing or authorization of, or any filing, recording or registration with, any governmental authority under any law, rule or regulation of any relevant jurisdiction except for
those consents, approvals, licenses and authorizations already obtained and those filings, recordings and registrations already made; 

(I)    there is no action, proceeding, or investigation pending or threatened against Holdco or any of its
Subsidiaries before any court or administrative agency that may reasonably be expected to have a material adverse effect on the business or assets of the Securitization Entities; 

(J)    unless such Notes are being offered pursuant to a registration statement that has been declared
effective under the Securities Act, it is not necessary in connection with the offer and sale of such Notes by the Co-Issuers to the initial purchaser thereof or by the initial purchaser to the initial
investors in such Notes to register such Notes under the Securities Act; and 
 (K)    all conditions
precedent to such issuance have been satisfied and that the related Supplement is authorized or permitted pursuant to the terms and conditions of the Indenture; and 

(ix)    such other documents, instruments, certifications, agreements or other items as the Trustee may
reasonably require. 
 (c)    Upon satisfaction, or waiver by the Control Party (as directed by the Controlling
Class Representative) (which waiver shall be in writing), of the conditions set forth in Section 2.2(b), the Trustee shall authenticate and deliver, as provided above, such Series of Notes upon execution thereof by the
Co-Issuers. 
 (d)    With regard to any new Series of Notes issued pursuant to
this Section 2.2 that constitutes Senior Debt, Senior Subordinated Debt or Subordinated Debt, the proceeds from such issuance may be used at any time prior to the Series Anticipated Repayment Date for such Series of Notes
to repay either Senior Debt, Senior Subordinated Debt or Subordinated Debt; 

  
 -7- 

 
provided, however, that at any time on or after the Series Anticipated Repayment Date for any Series of Notes, the proceeds from such issuance may only be used to repay
(i) Senior Subordinated Debt and Subordinated Debt if all Senior Debt has been repaid and (ii) Subordinated Debt if all Senior Debt and Senior Subordinated Debt has been repaid; provided, further, that at any time on or after
the Series Anticipated Repayment Date for any Series of Notes, the proceeds from the issuance of Subordinated Debt may only be used to repay Senior Debt, Senior Subordinated Debt or all Outstanding Classes of Senior Debt and Senior Subordinated
Debt. 
 (e)    In addition to the Class A-1 Senior Notes issued on a
Series Closing Date, so long as each of the certifications described in clause (v) below are true and correct as of the applicable Additional Issuance Date, Additional Class A-1 Senior Notes of a
Series may from time to time be executed by the Co-Issuers and delivered to the Trustee for authentication and thereupon the same shall be authenticated and delivered by the Trustee upon the receipt by the
Trustee of a Company Request at least five (5) Business Days in advance of the related Additional Issuance Date (which Company request will be revocable by the Co-Issuers upon notice to the Trustee no
later than 5:00 p.m. (New York City time) two Business Days prior to the related Additional Issuance Date) and upon performance or delivery by the Co-Issuers to the Trustee and the Control Party, and receipt
by the Trustee and the Control Party, of the following: 
 (i)    a Company Order Authorizing and
directing the authentication and delivery of the Additional Class A-1 Senior Notes, and the initial Principal Amount of Such Additional Class A-1 Senior Notes

 (ii)    written confirmation from either the Manager or the Master Issuer that the Rating Agency
Condition with respect to each Series of Notes Outstanding has been satisfied with respect to such issuance; 

(iii)    any related Enhancement Agreement entered into in connection with such issuance and executed by
each of the parties thereto in compliance with Section 8.32; 
 (iv)    any related Series Hedge
Agreement entered into in connection with such issuance and executed by each of the parties thereto in compliance with Section 8.33; 

(v)    one or more Officer’s Certificates, each executed by an Authorized Officer of each Co-Issuer, dated as of the applicable Additional Issuance Date to the effect that: 

(A)    the Senior ABS Leverage Ratio as of the applicable Additional Issuance Date is less than or equal
to 6.5x after giving effect to the issuance of the Additional Class A-1 Senior Notes (assuming all available amounts have been drawn under the Variable Funding Note Purchase Agreement); 

(B)    the Holdco Leverage Ratio is less than or equal to 7.0x after giving effect to the issuance of the
Additional Class A-1 Senior Notes (assuming all available amounts have been drawn under the Variable Funding Note Purchase Agreement); 

  
 -8- 

 (C)    no Potential Rapid Amortization Event, Rapid
Amortization Event, Default or Event of Default has occurred and is continuing or will occur as a result of the issuance of the Additional Class A-1 Senior Notes; 

(D)    all representations and warranties of the Co-Issuers in the
Base Indenture and the other Related Documents are true and correct, and will continue to be true and correct after giving effect to such issuance on the Additional Issuance Date, in all material respects (other than any representation or warranty
that, by its terms, is made only as of an earlier date); 
 (E)    no Cash Trapping Period is in effect
or will commence as a result of the issuance of the Additional Class A-1 Senior Notes; 

(F)    the New Series Pro Forma Quarterly DSCR or, on and after the Springing Amendments Implementation
Date, the New Series Pro Forma DSCR, is greater than or equal to 2.0x; 
 (G)    no Manager Termination
Event or Potential Manager Termination Event has occurred and is continuing or will occur as a result of such issuance; 

(H)    the proposed issuance does not alter or change the terms of any Series of Notes Outstanding or the
Series Supplement relating thereto without such consents as are required under this Base Indenture, the applicable Series Supplement or the applicable Variable Funding Note Purchase Agreement; 

(I)    all costs, fees and expenses with respect to the issuance of the Additional Class A-1 Senior Notes or relating to the actions taken in connection with such issuance that are required to be paid on the applicable Additional Issuance Date have been paid or will be paid from the proceeds
of issuance of the Additional Class A-1 Senior Notes; 

(J)    all conditions precedent with respect to the authentication and delivery of such Additional Class A-1 Senior Notes provided in this Base Indenture, the related Series Supplement and the related Variable Funding Note Purchase Agreement and any other related note purchase agreement executed in
connection with the issuance of such Additional Class A-1 Senior Notes have been satisfied or waived; 

(K)    the Global G&C Agreement is in full force and effect as to such Additional Class A-1 Senior Notes; 
 (L)    each of the parties to the
Related Documents with respect to the Additional Class A-1 Senior Notes has covenanted and agreed in the Related Documents that, prior to the date which is one year and one day after the payment in full
of the latest maturing Note, it will not institute against, or join with any other Person in 

  
 -9- 

 
instituting, against any Securitization Entity, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or
similar law; 
 (vi)    a Tax Opinion dated the applicable Additional Issuance Date; 

(vii)    one or more Opinions of Counsel, subject to the assumptions and qualifications stated therein, and
in a form reasonably acceptable to the Control Party, dated the applicable Additional Issuance Date, substantially to the effect that: 

(A)    all of the instruments described in this Section 2.2(e) furnished to the Trustee and the
Control Party conform to the requirements of this Base Indenture, the related Series Supplement and the related Variable Funding Note Purchase Agreement, and the Additional Class A-1 Senior Notes are
permitted to be authenticated by the Trustee pursuant to the terms of this Base Indenture and the related Series Supplement; 

(B)    such Additional Class A-1 Senior Notes have been duly
authorized by the Co-Issuers, and, when such Notes have been duly authenticated and delivered by the Trustee, such Notes will be legal, valid and binding obligations of each of the Co-Issuers, enforceable against each of the Co-Issuers in accordance with their terms; 

(C)    none of the Securitization Entities is required to be registered under the Investment Company Act;

 (D)    neither the execution and delivery by the Co-Issuers
of such Additional Class A-1 Senior Notes nor the performance by the Co-Issuers of their obligations under each of the Additional
Class A-1 Senior Notes: (i) conflicts with the Charter Documents of the Co-Issuers, (ii) constitutes a violation of, or a default under, any material
agreement to which any of the Co- Issuers is a party (as set forth in a schedule to such opinion), or (iii) contravenes any order or decree that is applicable to any of the
Co- Issuers (as set forth in a schedule to such opinion); 

(E)    neither the execution and delivery by the Co-Issuers of
such Additional Class A-1 Senior Notes nor the performance by the Co-Issuers of their payment obligations under each of such Additional Class A-1 Senior Notes: (i) violates any law, rule or regulation of any relevant jurisdiction, or (ii) requires the consent, approval, licensing or authorization of, or any filing, recording or
registration with, any governmental authority under any law, rule or regulation of any relevant jurisdiction except for those consents, approvals, licenses and authorizations already obtained and those filings, recordings and registrations already
made; 
 (F)    there is no action, proceeding, or investigation pending or threatened against Holdco or
any of its Subsidiaries before any court or administrative agency that may reasonably be expected to have a material adverse effect on the business or assets of the Securitization Entities; 

  
 -10- 

 (G)    unless such Additional Class A-1 Senior Notes are being offered pursuant to a registration statement that has been declared effective under the Securities Act, it is not necessary in connection with the offer and sale of such
Additional Class A-1 Senior Notes by the Co-Issuers to the initial purchaser thereof or by the initial purchaser to the initial investors in such Notes to register
such Notes under the Securities Act; 
 (H)    all conditions precedent to such issuance have been
satisfied; 
 (viii)    an amended or modified Variable Funding Note Purchase Agreement or, if
applicable, any joinder thereto evidencing the Commitment and Commitment Amounts; and 
 (ix)    such
other documents, instruments, certifications, agreements or other items as the Class A-1 Administrative Agent or the Trustee may reasonably require. 

(f)    Upon satisfaction, or waiver by the Control Party (as directed by the Controlling Class Representative) (which
waiver shall be in writing), of the conditions set forth in Section 2.2(e), the Trustee shall authenticate and deliver, as provided above, such Additional Class A-1 Senior Notes
upon execution thereof by the Co-Issuers. 
 Section 2.3 Series Supplement for Each
Series. In conjunction with the issuance of a new Series, the parties hereto shall execute a Series Supplement, which shall specify the relevant terms with respect to such new Series of Notes, which may include, without limitation: 

(a)    its name or designation; 

(b)    the Initial Principal Amount with respect to such Series; 

(c)    the Note Rate with respect to such Series or each Class of such Series and the applicable Default Rate; 

(d)    the Series Closing Date; 

(e)    the Series Anticipated Repayment Date, if any; 

(f)    the Series Legal Final Maturity Date; 

(g)    the principal amortization schedule with respect to such Series, if any; 

(h)    each Rating Agency rating such Series; 

(i)    the name of the Clearing Agency, if any; 

(j)    the names of the Series Distribution Accounts and any other Series Accounts to be used with respect to such Series
and the terms governing the operation of any such account and the use of moneys therein; 

  
 -11- 

 (k)    the method of allocating amounts deposited into any Series
Distribution Account with respect to such Series; 
 (l)    whether the Notes of such Series will be issued in multiple
Classes or Subclasses and the rights and priorities of each such Class or Subclass; 
 (m)    any deposit of funds
to be made in any Base Indenture Account or any Series Account on the Series Closing Date; 
 (n)    whether the Notes
of such Series may be issued in bearer form and any limitations imposed thereon; 
 (o)    whether the Notes of such
Series include Senior Notes, Senior Subordinated Notes and/or Subordinated Notes; 
 (p)    whether the Notes of such
Series include Class A-1 Senior Notes or subfacilities of Class A-1 Senior Notes issued pursuant to a Variable Funding Note Purchase Agreement; 

(q)    the terms of any related Enhancement and the Enhancement Provider thereof, if any; 

(r)    the terms of any related Series Hedge Agreement and the applicable Hedge Counterparty, if any; and 

(s)    any other relevant terms of such Series of Notes (all such terms, the “Principal Terms” of such
Series). 
 Section 2.4 Execution and Authentication. 

(a)    The Notes shall, upon issuance pursuant to Section 2.2, be executed on behalf of the Co-Issuers by an Authorized Officer of each Co-Issuer and delivered by the Co- Issuers to the Trustee for authentication and redelivery
as provided herein. The signature of each such Authorized Officer on the Notes may be manual or facsimile. If an Authorized Officer of any Co-Issuer whose signature is on a Note no longer holds that office at
the time the Note is authenticated, the Note shall nevertheless be valid. 
 (b)    At any time and from time to time
after the execution and delivery of this Base Indenture, the Co-Issuers may deliver Notes of any particular Series (issued pursuant to Section 2.21) executed by the Co-Issuers to the Trustee for authentication, together with one or more Company Orders for the authentication and delivery of such Notes, and the Trustee, in accordance with such Company Order and this Base
Indenture, shall authenticate and deliver such Notes. 
 (c)    No Note shall be entitled to any benefit under the
Indenture or be valid for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for below, duly executed by the Trustee by the manual signature of a Trust Officer (and the Luxembourg agent
(the “Luxembourg Agent”), if the Notes of the Series to 

  
 -12- 

 
which such Note belongs are listed on the Luxembourg Stock Exchange). Such signatures on such certificate shall be conclusive evidence, and the only evidence, that the Note has been duly
authenticated under this Base Indenture. The Trustee may appoint an authenticating agent acceptable to the Co-Issuers to authenticate Notes. Unless limited by the term of such appointment, an authenticating
agent may authenticate Notes whenever the Trustee may do so. Each reference in this Base Indenture to authentication by the Trustee includes authentication by such authenticating agent. The Trustee’s certificate of authentication shall be in
substantially the following form: 
 This is one of the Notes of a Series issued under the within mentioned Indenture. 

 

			
	Citibank, N.A., as Trustee
		
	By:	 	
                    

		 	Authorized Signatory

 (d)    Each Note shall be dated and issued as of the date of its authentication by
the Trustee. 
 (e)    Notwithstanding the foregoing, if any Note shall have been authenticated and delivered hereunder
but never issued and sold by the Co-Issuers, and the Co-Issuers shall deliver such Note to the Trustee for cancellation as provided in
Section 2.14 together with a written statement to the Trustee and the Servicer (which need not comply with Section 14.3) stating that such Note has never been issued and sold by the Co-Issuers, for all purposes of the Indenture such Note shall be deemed never to have been authenticated and delivered hereunder and shall not be entitled to the benefits of the Indenture. 

Section 2.5 Registrar and Paving Agent. 

(a)    The Co-Issuers shall (i) maintain an office or agency where Notes may
be presented for registration of transfer or for exchange (the “Registrar”) and (ii) appoint a paying agent (which shall satisfy the eligibility criteria set forth in Section 10.8(a)) (the
“Paying Agent”) at whose office or agency Notes may be presented for payment. The Registrar shall keep a register of the Notes (including the name and address of each such Noteholder) and of their transfer and exchange. The Trustee
shall indicate in its books and records the commitment of each Noteholder and the principal amount owing to each Noteholder from time to time. The Co-Issuers may appoint one or more co-registrars and one or more additional paying agents. The term “Paying Agent” shall include any additional paying agent and the term “Registrar” shall include any
co-registrars. The Co-Issuers may change the Paying Agent or the Registrar without prior notice to any Noteholder. The Co-Issuers
shall notify the Trustee in writing of the name and address of any Agent not a party to this Base Indenture. The Trustee is hereby initially appointed as the Registrar and the Paying Agent and shall send copies of all notices and demands received by
the Trustee (other than those sent by the Co-Issuers to the Trustee and those addressed to the Co-Issuers) in connection with the Notes to the Co-Issuers. 

  
 -13- 

 (b)    The Co-Issuers shall
enter into an appropriate agency agreement with any Agent not a party to this Base Indenture. Such agency agreement shall implement the provisions of this Base Indenture that relate to such Agent. If the
Co-Issuers fail to maintain a Registrar or Paying Agent, the Trustee hereby agrees to act as such, and shall be entitled to appropriate compensation in accordance with this Base Indenture until the Co-Issuers shall appoint a replacement Registrar or Paying Agent, as applicable. 
 Section 2.6
Paying Agent to Hold Money in Trust. 
 (a)    The Co-Issuers will cause
the Paying Agent (if the Paying Agent is not the Trustee) to execute and deliver to the Trustee an instrument in which the Paying Agent shall agree with the Trustee (and if the Trustee is the Paying Agent, it hereby so agrees), subject to the
provisions of this Section 2.6, that the Paying Agent will: 
 (i)    hold all
sums held by it for the payment of amounts due with respect to the Notes in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided and pay such sums to such
Persons as herein provided; 
 (ii)    give the Trustee notice of any default by any Co- Issuer of which it has Actual Knowledge in the making of any payment required to be made with respect to the Notes; 

(iii)    at any time during the continuance of any such default, upon the written request of the Trustee,
forthwith pay to the Trustee all sums so held in trust by the Paying Agent; 
 (iv)    immediately resign
as the Paying Agent and forthwith pay to the Trustee all sums held by it in trust for the payment of Notes if at any time it ceases to meet the standards required to be met by a Trustee hereunder at the time of its appointment; and 

(v)    comply with all requirements of the Code and other applicable tax law with respect to the
withholding from any payments made by it on any Notes of any applicable withholding taxes imposed thereon and with respect to any applicable reporting requirements in connection therewith. 

(b)    The Co-Issuers may at any time, for the purpose of obtaining the
satisfaction and discharge of the Indenture or for any other purpose, by Company Order direct the Paying Agent to pay to the Trustee all sums held in trust by the Paying Agent, such sums to be held by the Trustee in trust upon the same terms as
those upon which the sums were held in trust by the Paying Agent. Upon such payment by the Paying Agent to the Trustee, the Paying Agent shall be released from all further liability with respect to such money. 

(c)    Subject to applicable laws with respect to escheat of funds, any money held by the Trustee or the Paying Agent in
trust for the payment of any amount due with respect to any Note and remaining unclaimed for two years after such amount has become due and payable shall be discharged from such trust and be paid to the
Co-Issuers upon delivery of a 

  
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Company Request. The Holder of such Note shall thereafter, as an unsecured general creditor, look only to the Co-Issuers for payment thereof (but only to
the extent of the amounts so paid to the Co-Issuers), and all liability of the Trustee or the Paying Agent with respect to such trust money paid to the Co-Issuers shall
thereupon cease; provided, however, that the Trustee or the Paying Agent, before being required to make any such repayment, may, at the expense of the Co- Issuers, cause to be published once, in
a newspaper published in the English language, customarily published on each Business Day and of general circulation in New York City, and in a newspaper customarily published on each Business Day and of general circulation in London and Luxembourg
(if the related Series of Notes has been listed on the Luxembourg Stock Exchange), if applicable, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than thirty (30) days from the date of
such publication, any unclaimed balance of such money then remaining will be repaid to the Co-Issuers. The Trustee may also adopt and employ, at the expense of the
Co-Issuers, any other commercially reasonable means of notification of such repayment. 

Section 2.7 Noteholder List. 

(a)    The Trustee will furnish or cause to be furnished by the Registrar to the
Co-Issuers, the Manager, the Back-Up Manager, the Control Party, the Controlling Class Representative or the Paying Agent or any
Class A-1 Administrative Agent, within five (5) Business Days after receipt by the Trustee of a request therefor from the Co-Issuers, the Manager, the Back-Up Manager, the Control Party, the Controlling Class Representative or the Paying Agent or such Class A-1 Administrative Agent, respectively, in writing, the
names and addresses of the Noteholders of each Series as of the most recent Record Date for payments to such Noteholders. Unless otherwise provided in the applicable Series Supplement, holders of Notes of any Series having an aggregate Outstanding
Principal Amount of not less than 10% of the aggregate Outstanding Principal Amount of such Series (the “Applicants”) may apply in writing to the Trustee, and if such application states that the Applicants desire to communicate with
other Noteholders of such Series or any other Series with respect to their rights under the Indenture or under the Notes and is accompanied by a copy of the communication which such Applicants propose to transmit, then the Trustee, after having been
adequately indemnified by such Applicants for its costs and expenses, shall afford or shall cause the Registrar to afford such Applicants access during normal business hours to the most recent list of Noteholders held by the Trustee and shall give
the Co-Issuers notice that such request has been made, within five (5) Business Days after the receipt of such application. Such list shall be as of a date no more than forty-five (45) days prior to
the date of receipt of such Applicants’ request. Every Noteholder, by receiving and holding a Note, agrees with the Trustee that neither the Trustee, the Registrar nor any of their respective agents shall be held accountable by reason of the
disclosure of any such information as to the names and addresses of the Noteholders hereunder, regardless of the source from which such information was obtained. 

(b)    The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it
of the names and addresses of Noteholders of each Series of Notes. If the Trustee is not the Registrar, the Co-Issuers shall furnish to the Trustee at least seven (7) Business Days before each Quarterly
Payment Date and at such other time as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of Noteholders of each Series of Notes. 

  
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 Section 2.8 Transfer and Exchange. 

(a)    Upon surrender for registration of transfer of any Note at the office or agency of the Registrar, if the
requirements of Section 2.8(f) and Section 8-401(a) of the New York UCC are met, the Co-Issuers shall execute and, after the Co-Issuers have executed, the Trustee shall authenticate and deliver to the Noteholder, in the name of the designated transferee or transferees, one or more new Notes, in any authorized denominations, of the same
Series and Class (and, if applicable, Subclass) and a like original aggregate principal amount of the Notes so transferred. At the option of any Noteholder, Notes may be exchanged for other Notes of the same Series and Class in authorized
denominations of like original aggregate principal amount of the Notes so exchanged, upon surrender of the Notes to be exchanged at any office or agency of the Registrar maintained for such purpose. Whenever Notes of any Series are so surrendered
for exchange, if the requirements of Section 2.8(f) and Section 8-401(a) of the New York UCC are met, the Co-Issuers shall execute, and
after the Co-Issuers have executed, the Trustee upon receipt of a Company Order shall authenticate and deliver to the Noteholder, the Notes which the Noteholder making the exchange is entitled to receive. 

(b)    Every Note presented or surrendered for registration of transfer or exchange shall be (i) duly endorsed by, or
be accompanied by a written instrument of transfer in form satisfactory to the Trustee duly executed by, the Holder thereof or such Holder’s attorney duly authorized in writing with a medallion signature guarantee and (ii) accompanied by
such other documents as the Trustee may require. The Co-Issuers shall execute and deliver to the Trustee or the Registrar, as applicable, Notes in such amounts and at such times as are necessary to enable the
Trustee to fulfill its responsibilities under the Indenture and the Notes. 
 (c)    All Notes issued upon any
registration of transfer or exchange of the Notes shall be the valid obligations of the Co-Issuers, evidencing the same indebtedness, and entitled to the same benefits under the Indenture, as the Notes
surrendered upon such registration of transfer or exchange. 
 (d)    The preceding provisions of this
Section 2.8 notwithstanding, (i) the Trustee or the Registrar, as the case may be, shall not be required to register the transfer or exchange of any Note of any Series for a period of fifteen (15) days preceding
the due date for payment in full of the Notes of such Series and (ii) no assignment or transfer of a Note or any commitment in respect thereof shall be effective until such assignment or transfer shall have been recorded in the Note Register
and in the books and records of the Trustee, as applicable, pursuant to Section 2.5(a). 

(e)    Unless otherwise provided in the applicable Series Supplement, no service charge shall be payable for any
registration of transfer or exchange of Notes, but the Co- Issuers or the Registrar may require payment by the Noteholder of a sum sufficient to cover any Tax or other governmental charge that may be imposed
in connection with any transfer or exchange of Notes. 
 (f)    Unless otherwise provided in the applicable Series
Supplement, registration of transfer of Notes containing a legend relating to the restrictions on transfer of such Notes (which legend shall be set forth in the applicable Series Supplement) shall be effected only

  
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if the conditions set forth in such applicable Series Supplement are satisfied. Notwithstanding any other provision of this Section 2.8 and except as otherwise provided
in Section 2.13, the typewritten Note or Notes representing Book-Entry Notes for any Series may be transferred, in whole but not in part, only to another nominee of the Clearing Agency for such Series, or to a successor
Clearing Agency for such Series selected or approved by the Co-Issuers or to a nominee of such successor Clearing Agency, only if in accordance with this Section 2.8 and
Section 2.12. 
 (g)    If the Notes of any Series are listed on the Luxembourg Stock
Exchange, the Trustee or the Luxembourg Agent, as the case may be, shall send to the Co- Issuers upon any transfer or exchange of any such Note information reflected in the copy of the register for the Notes
maintained by the Registrar or the Luxembourg Agent, as the case may be. 
 Section 2.9 Persons Deemed Owners. Prior to due
presentment for registration of transfer of any Note, the Trustee, the Servicer, the Controlling Class Representative, any Agent and the Co-Issuers may deem and treat the Person in whose name any Note is
registered (as of the day of determination) as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Note and for all other purposes whatsoever (other than purposes in which the vote or consent of
a Note Owner is expressly required pursuant to this Base Indenture or the applicable Series Supplement), whether or not such Note is overdue, and none of the Trustee, the Servicer, the Controlling Class Representative, any Agent nor any Co-Issuer shall be affected by notice to the contrary. 
 Section 2.10 Replacement Notes. 

(a)    If (i) any mutilated Note is surrendered to the Trustee, or the Trustee receives evidence to its satisfaction
of the destruction, loss or theft of any Note and (ii) there is delivered to the Co-Issuers and the Trustee such security or indemnity as may be required by them to hold the
Co-Issuers and the Trustee harmless then, provided that the requirements of Section 2.8(f) and Section 8-405 of the New York UCC
are met, the Co-Issuers shall execute and upon their request the Trustee shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Note, a replacement Note;
provided, however, that if any such destroyed, lost or stolen Note, but not a mutilated Note, shall have become, or within seven (7) days shall be, due and payable, instead of issuing a replacement Note, the Co-Issuers may pay such destroyed, lost or stolen Note when so due or payable without surrender thereof; provided, further, that (x) if any Class A-1
Noteholder shall provide an affidavit of destruction, loss or theft of such Class A-1 Noteholder’s Class A-1 Senior Note, including an indemnity to hold
the Co-Issuers and the Trustee harmless, and such affidavit and indemnity are satisfactory in all respects to the Co-Issuers and the Trustee, then the Co-Issuers and the Trustee shall not require any security from such Class A-1 Noteholder pursuant to this Section 2.10(a), and (y) the Class A-1 Noteholder delivering the affidavit and indemnity or other evidence of destruction, loss or theft referenced in this Section 2.10(a) may extend the seven-day period set forth above by specifying in the affidavit a longer period or a date occurring after the end of the seven-day period. If, after the delivery of such
replacement Note or payment of a destroyed, lost or stolen Note pursuant to the preceding sentence, a protected purchaser (within the meaning of Section 8- 303 of the New York UCC) of the original Note in
lieu of which such replacement Note was issued presents for payment such original Note, the Co-Issuers and the Trustee shall be entitled 

  
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to recover such replacement Note (or such payment) from the Person to whom it was delivered or any Person taking such replacement Note from such Person to whom such replacement Note was delivered
or any assignee of such Person, except a protected purchaser, and shall be entitled to recover upon the security or indemnity provided therefor to the extent of any loss, damage, cost or expense incurred by the
Co-Issuers or the Trustee in connection therewith. 
 (b)    Upon the issuance
of any replacement Note under this Section 2.10, the Co-Issuers may require the payment by the Holder of such Note of a sum sufficient to cover any Tax or other governmental charge
that may be imposed in relation thereto and any other reasonable expenses (including the fees and expenses of the Trustee and the Registrar) connected therewith. 

(c)    Every replacement Note issued pursuant to this Section 2.10 in replacement of any
mutilated, destroyed, lost or stolen Note shall constitute an original additional contractual obligation of the Co-Issuers and such replacement Note shall be entitled to all the benefits of the Indenture
equally and proportionately with any and all other Notes duly issued under the Indenture (in accordance with the priorities and other terms set forth herein and in each applicable Series Supplement). 

(d)    The provisions of this Section 2.10 are exclusive and shall preclude (to the extent
lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes. 

Section 2.11 Treasury Notes. In determining whether the Noteholders of the required Aggregate Outstanding Principal Amount of
Notes or the required Outstanding Principal Amount of any Series or any Class of any Series of Notes, as the case may be, have concurred in any direction, waiver or consent, Notes owned, legally or beneficially, by any Co-Issuer or any Affiliate of any Co-Issuer shall be considered as though they are not Outstanding, except that for the purpose of determining whether the Trustee shall be
protected in relying on any such direction, waiver or consent, only Notes of which a Trust Officer has received written notice of such ownership shall be so disregarded. Absent written notice to a Trust Officer of such ownership, the Trustee shall
not be deemed to have knowledge of the identity of the individual Note Owners. 
 Section 2.12 Book-Entry Notes. 

(a)    Unless otherwise provided in any applicable Series Supplement, the Notes of each Class of each Series, upon
original issuance, shall be issued in the form of typewritten Notes representing Book-Entry Notes and delivered to the depository (or its custodian) specified in such Series Supplement (the “Depository”) which shall be the Clearing
Agency on behalf of such Series or such Class. The Notes of each Class of each Series shall, unless otherwise provided in the applicable Series Supplement, initially be registered on the Note Register in the name of the Clearing Agency or the
nominee of the Clearing Agency. No Note Owner will receive a definitive note representing such Note Owner’s interest in the related Series of Notes, except as provided in Section 2.13. Unless and until definitive,
fully registered Notes of any Series or any Class of any Series (“Definitive Notes”) have been issued to Note Owners pursuant to Section 2.13: 

(i)    the provisions of this Section 2.12 shall be in full force and effect with
respect to each such Series; 

  
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 (ii)    the
Co-Issuers, the Paying Agent, the Registrar, the Trustee, the Servicer and the Controlling Class Representative may deal with the Clearing Agency and the applicable Clearing Agency Participants for all
purposes (including the payment of principal of, premium, if any, and interest on the Notes and the giving of instructions or directions hereunder or under the applicable Series Supplement) as the sole Holder of the Notes, and shall have no
obligation to the Note Owners; 
 (iii)    to the extent that the provisions of this
Section 2.12 conflict with any other provisions of the Indenture, the provisions of this Section 2.12 shall control with respect to each such Class or Series of the Notes; 

(iv)    subject to the rights of the Servicer and the Controlling Class Representative under the
Indenture, and except for the Initial CCR Election and the rights granted pursuant to Section 11.5, the rights of Note Owners of each such Class or Series of Notes shall be exercised only through the Clearing Agency
and the applicable Clearing Agency Participants and shall be limited to those established by law and agreements between such Note Owners and the Clearing Agency and/or the Clearing Agency Participants, and all references in the Indenture to actions
by the Noteholders shall refer to actions taken by the Clearing Agency upon instructions from the Clearing Agency Participants, and all references in the Indenture to distributions, notices, reports and statements to the Noteholders shall refer to
distributions, notices, reports and statements to the Clearing Agency, as registered holder of the Notes of such Series for distribution to the Note Owners in accordance with the procedures of the Clearing Agency; and 

(v)    subject to the rights of the Servicer and the Controlling Class Representative under the
Indenture, and except for the Initial CCR Election and the rights granted pursuant to Section 11.5, whenever the Indenture requires or permits actions to be taken based upon instructions or directions of Noteholders
evidencing a specified percentage of the Aggregate Outstanding Principal Amount of Notes or the Outstanding Principal Amount of a Series or Class of a Series of Notes, the applicable Clearing Agency shall be deemed to represent such percentage
only to the extent that it has received instructions to such effect from Note Owners and/or their related Clearing Agency Participants owning or representing, respectively, such required percentage of the beneficial interest in the Outstanding Notes
or such Series or such Class of such Series of Notes Outstanding, as the case may be, and has delivered such instructions in writing to the Trustee. 

(b)    Pursuant to the Depository Agreement applicable to a Series, unless and until Definitive Notes of such Series are
issued pursuant to Section 2.13, the initial Clearing Agency will make book-entry transfers among the Clearing Agency Participants and receive and transmit distributions of principal, premium, if any, and interest on the
Notes to such Clearing Agency Participants. 

  
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 (c)    Except with respect to the Initial CCR Election, whenever notice
or other communication to the Noteholders is required under the Indenture, unless and until Definitive Notes shall have been issued to Note Owners pursuant to Section 2.13, the Trustee and the
Co-Issuers shall give all such notices and communications specified herein to be given to Noteholders to the applicable Clearing Agency for distribution to the Note Owners. 

Section 2.13 Definitive Notes. 

(a)    The Notes of any Series or Class of any Series, to the extent provided in the related Series Supplement, upon
original issuance, may be issued in the form of Definitive Notes. All Class A-1 Senior Notes of any Series shall be issued in the form of Definitive Notes. The applicable Series Supplement shall set forth
the legend relating to the restrictions on transfer of such Definitive Notes and such other restrictions as may be applicable. 

(b)    With respect to the Notes of any Series or Class of any Series issued in the form of typewritten Notes
representing Book-Entry Notes, if (i) (A) the Co-Issuers advise the Trustee in writing that the Clearing Agency with respect to any such Series of Notes is no longer willing or able to discharge properly
its responsibilities under the applicable Depository Agreement and (B) the Trustee or the Co-Issuers are unable to locate a qualified successor, (ii) the
Co-Issuers, at their option, advise the Trustee in writing that they elect to terminate the book- entry system through the Clearing Agency with respect to any Series or Class of any Series of Notes
Outstanding issued in the form of Book-Entry Notes or (iii) after the occurrence of a Rapid Amortization Event, with respect to any Series of Notes Outstanding, Note Owners holding a beneficial interest in excess of 50% of the aggregate
Outstanding Principal Amount of such Series of Notes advise the Trustee and the applicable Clearing Agency through the applicable Clearing Agency Participants in writing that the continuation of a book-entry system through the applicable Clearing
Agency is no longer in the best interests of such Note Owners, the Trustee shall notify all Note Owners of such Series, through the applicable Clearing Agency Participants, of the occurrence of any such event and of the availability of Definitive
Notes to Note Owners of such Series. Upon surrender to the Trustee of the Notes of such Series by the applicable Clearing Agency, accompanied by registration instructions from the applicable Clearing Agency for registration, the Co-Issuers shall execute and the Trustee shall authenticate, upon receipt of a Company Order, and deliver an equal aggregate principal amount of Definitive Notes in accordance with the instructions of the Clearing
Agency. Neither the Co-Issuers nor the Trustee shall be liable for any delay in delivery of such instructions and may each conclusively rely on, and shall be protected in relying on, such instructions. Upon
the issuance of Definitive Notes of such Series or Class of such Series of Notes all references herein to obligations imposed upon or to be performed by the applicable Clearing Agency shall be deemed to be imposed upon and performed by the
Trustee, to the extent applicable with respect to such Definitive Notes, and the Trustee shall recognize the Holders of the Definitive Notes of such Series or Class of such Series as Noteholders of such Series or Class of such Series
hereunder and under the applicable Series Supplement. 
 Section 2.14 Cancellation. The
Co-Issuers may at any time deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder which the Co-Issuers may have acquired in
any manner whatsoever, and all Notes so delivered shall be promptly cancelled by the Trustee. Immediately upon the delivery of any Notes by the Co-Issuers to the

  
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Trustee for cancellation pursuant to this Section 2.14, the security interest of the Secured Parties in such Notes shall automatically be deemed to be released by the
Trustee, and the Trustee shall execute and deliver to the Co-Issuers any and all documentation reasonably requested and prepared by the Co-Issuers at their expense to
evidence such automatic release. The Registrar and the Paying Agent shall forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee shall cancel all Notes surrendered for registration of
transfer, exchange, payment, replacement or cancellation. Except as provided in any Variable Funding Note Purchase Agreement executed and delivered in connection with the issuance of any Series or any Class of any Series of Notes, the Co-Issuers may not issue new Notes to replace Notes that they have redeemed or paid or that have been delivered to the Trustee for cancellation. All cancelled Notes held by the Trustee shall be disposed of in
accordance with the Trustee’s standard disposition procedures unless the Co-Issuers shall direct that cancelled Notes be returned to them for destruction pursuant to a Company Order. No cancelled Notes
may be reissued. No provision of this Base Indenture or any Supplement that relates to prepayment procedures, penalties, fees, make-whole payments or any other related matters shall be applicable to any Notes cancelled pursuant to and in accordance
with this Section 2.14. 
 Section 2.15 Principal and Interest. 

(a)    The principal of and premium, if any, on each Series of Notes shall be due and payable at the times and in the
amounts set forth in the applicable Series Supplement and in accordance with the Priority of Payments. 
 (b)    Each
Series of Notes shall accrue interest as provided in the applicable Series Supplement and such interest shall be due and payable for such Series on each Quarterly Payment Date in accordance with the Priority of Payments. 

(c)    Except as provided in the following sentence, the Person in whose name any Note is registered at the close of
business on any Record Date with respect to a Quarterly Payment Date for such Note shall be entitled to receive the principal, premium, if any, and interest payable on such Quarterly Payment Date notwithstanding the cancellation of such Note upon
any registration of transfer, exchange or substitution of such Note subsequent to such Record Date. Any interest payable at maturity shall be paid to the Person to whom the principal of such Note is payable. 

(d)    Pursuant to the authority of the Paying Agent under Section 2.6(a)(v), except as
otherwise provided pursuant to a Variable Funding Note Purchase Agreement to the extent that the Paying Agent has been notified in writing of such exception by the Co-Issuers or the applicable Class A-1 Administrative Agent, the Paying Agent shall make all payments of interest on the Notes net of any applicable withholding taxes and Noteholders shall be treated as having received as payments of
interest any amounts withheld with respect to such withholding taxes. 
 Section 2.16 Tax Treatment. The Co-Issuers have structured the Base Indenture and the Notes have been (or will be) issued with the intention that the Notes will qualify under applicable tax law as indebtedness of the
Co-Issuers or, if any of the Co-Issuers is treated as a division of another entity, such other entity and any entity acquiring any direct or indirect interest in any

  
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Note by acceptance of its Notes (or, in the case of a Note Owner, by virtue of such Note Owner’s acquisition of a beneficial interest therein) agrees to treat the Notes (or beneficial
interests therein) for all purposes of federal, state, local and foreign income or franchise taxes and any other tax imposed on or measured by income, as indebtedness of the Co-Issuers or, if any Co- Issuer is treated as a division of another entity, such other entity. 
 ARTICLE III 

SECURITY 

Section 3.1 Grant of Security Interest. 

(a)    To secure the Obligations, each Co-Issuer hereby pledges, assigns, conveys,
delivers, transfers and sets over to the Trustee, for the benefit of the Secured Parties, and hereby grants to the Trustee, for the benefit of the Secured Parties, a security interest in, each Co-Issuer’s
right, title and interest in, to and under all of the following property to the extent now owned or at any time hereafter acquired by such Co-Issuer (collectively, the “Indenture Collateral”):

 (i)    (A) the Collateral Franchise Documents including, without limitation, all monies due and to
become due to such Co-Issuer under or in connection with the Collateral Franchise Documents, whether payable as fees, rent, expenses, costs, indemnities, dividends, distributions, insurance recoveries, damages
for the breach of any of the Collateral Franchise Documents or otherwise, but excluding Excluded Amounts, and all security and supporting obligations for such amounts payable thereunder and (B) all rights, remedies, powers, privileges and
claims of such Co-Issuer against any other party under or with respect to the Collateral Franchise Documents (whether arising pursuant to the terms of the Collateral Franchise Documents or otherwise available
to such Co-Issuer at law or in equity), including the right to enforce any of the Collateral Franchise Documents and to give or withhold any and all consents, requests, notices, directions, approvals,
extensions or waivers under or with respect to the Collateral Franchise Documents or the obligations of any party thereunder; 

(ii)    the Collateral Transaction Documents, including, without limitation, all monies due and to become
due to such Co-Issuer under or in connection with the Collateral Transaction Documents, whether payable as fees, rent, expenses, costs, indemnities, insurance recoveries, damages for the breach of any of the
Collateral Transaction Documents or otherwise, all security and supporting obligations for amounts payable hereunder and thereunder and performance of all obligations hereunder and thereunder, including, without limitation, (A) all rights of
such Co-Issuer to the Domino’s IP (except to the extent such Domino’s IP is excluded from the pledge, assignment, conveyance, delivery, transfer, setting over and grant of a security interest
pursuant to clause (iv) below) under each IP License Agreement to which such Co-Issuer is a party (subject to the terms thereof) and (B) all rights of such
Co-Issuer under the Management Agreement and in and to all records, reports and documents in which they have any interest thereunder, and all rights, remedies, powers, privileges and claims of such Co-Issuer against any other party under or with respect to the Collateral Transaction 

  
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Documents (whether arising pursuant to the terms of the Collateral Transaction Documents or otherwise available to such Co-Issuer at law or in equity),
including the right to enforce any of the Collateral Transaction Documents and to give or withhold any and all consents, requests, notices, directions, approvals, extensions or waivers under or with respect to the Collateral Transaction Documents or
the obligations of any party thereunder; 
 (iii)    the Equity Interests of any Person owned by any Co-Issuer including, without limitation, the Domestic Distributor, the International Franchisor, the SPV Canadian Holdco, the Canadian Distributor, the IP Holder, the Domestic Franchisor and the Domestic
Distribution Equipment Holder, and all rights as a member or shareholder of each such Person under the Charter Documents of each such Person, including, without limitation, all moneys and other property distributable thereunder to any such Co-Issuer and all rights, remedies, powers, privileges and claims of such Co-Issuer against any other party under or with respect to each such Charter Document (whether
arising pursuant to the terms of such Charter Document or otherwise available to such Co-Issuer at law or in equity), including the right to enforce each such Charter Document and to give or withhold any and
all consents, requests, notices, directions, approvals, extensions or waivers under or with respect to each such Charter Document; 

(iv)    the Domino’s IP, including all Proceeds and products of the foregoing, including all goodwill
symbolized by or associated with the Trademarks included in the Domino’s IP; provided that the pledge, assignment, conveyance, delivery, transfer, setting over and grant of security interest hereunder shall not include any application
for a Trademark that would be deemed invalidated, cancelled or abandoned due to the grant and/or enforcement of such security interest, including, without limitation, all such PTO and foreign applications that are based on an intent-to-use, unless and until such time that the grant and/or enforcement of the security interest will not cause such Trademark to be deemed invalidated, cancelled or
abandoned; 
 (v)    the Domestic Distribution Assets; 

(vi)    the Domestic Royalties Concentration Account, the Domestic Distribution Concentration Account, the
PULSE and Technology Fees Concentration Account, the IP Holder Concentration Account, the Lease Concentration Account, the Lock-Boxes related to such Concentration Accounts, any Additional Concentration Account owned by a Co-Issuer, the Cash Trap Reserve Account and the Collection Account, each Account Agreement related thereto and all monies and other property (including Investment Property and Financial Assets) on deposit or
credited from time to time in each such account and all Proceeds thereof; 
 (vii)    the Senior Notes
Interest Reserve Account, any Account Agreement related thereto and all monies and other property (including Investment Property and Financial Assets) on deposit or credited from time to time in each such account and all Proceeds thereof; 

  
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 (viii)    the Senior Subordinated Notes Interest Reserve
Account, any Account Agreement related thereto and all monies and other property (including Investment Property and Financial Assets) on deposit or credited from time to time in such account and all Proceeds thereof; 

(ix)    any Interest Reserve Letter of Credit; 

(x)    each other Base Indenture Account and each Series Account, each Account Agreement related thereto
and all monies and other property (including Investment Property and Financial Assets) on deposit or credited from time to time in such account and all Proceeds thereof; 

(xi)    all other assets of the Co-Issuers now owned or at any time
hereafter acquired by such Co-Issuer, including, without limitation, all of the following (each as defined in the New York UCC): all accounts, chattel paper, deposit accounts, documents, general intangibles,
goods, instruments, securities accounts and other investment property, commercial tort claims, letter-of-credit rights, letters of credit and money; 

(xii)    all additional property that may from time to time hereafter (pursuant to the terms of any Series
Supplement or otherwise) be subjected to the grant and pledge hereof by such Co-Issuer or by anyone on its behalf; and 

(xiii)    to the extent not otherwise included, all Proceeds and products of any and all of the foregoing
and all collateral security and guarantees and other supporting obligations given by any Person with respect to any of the foregoing; 
 provided,
however, that the Co-Issuers will not be required to pledge more than 65% of the Equity Interests (and any rights associated with such Equity Interests) of any foreign Subsidiary of any of the Co-Issuers that is a corporation for United States federal income tax purposes (including, without limitation, the Canadian Distributor); provided, further, that (A) the security interest set
forth in clause (Vii) above, shall only be for the benefit of the Senior Noteholders and the Trustee, solely in its capacity as trustee for the Senior Noteholders and (B) the security interest set forth in clause (Viii) above,
shall only be for the benefit of the Senior Subordinated Noteholders and the Trustee, solely in its capacity as trustee for the Senior Subordinated Noteholders. The Indenture Collateral will not include any Excluded Amounts or Excluded Property and
the Trustee, on behalf of the Secured Parties, further acknowledges that it shall have no security interest in any Excluded Amounts or Excluded Property. For the avoidance of doubt, (i) although the assets (other than any Excluded Amounts or
Excluded Property) related to the thin crust manufacturing center and the vegetable processing center will constitute Indenture Collateral, the profit generated from the supply of processed vegetables and thin crust pizza dough to the Domestic
Distributor pursuant to the Product Purchase and Distribution Agreement will not constitute Indenture Collateral and (ii) any cash collateral deposited by Holdco with the Master Issuer to secure Holdco’s obligations under the Holdco Letter
of Credit Agreement will not constitute Indenture Collateral until such time (if any) as the Master Issuer is entitled to withdraw such funds from the applicable bank account pursuant to the terms of the Holdco Letter of Credit Agreement to
reimburse the Master Issuer for any amounts due by Holdco to the Master Issuer pursuant to Section 4 or Section 5 of the Holdco Letter of Credit Agreement that Holdco has not paid to the Master Issuer in accordance with the terms thereof.

  
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 (b)    The foregoing grant is made in trust to secure the Obligations
and to secure compliance with the provisions of this Base Indenture and any Series Supplements, all as provided in this Base Indenture. The Trustee, on behalf of the Secured Parties, acknowledges such grant, accepts the trusts under this Base
Indenture in accordance with the provisions of this Base Indenture and agrees to perform its duties required in this Base Indenture. The Indenture Collateral shall secure the Obligations equally and ratably without prejudice, priority or distinction
(except, with respect to any Series of Notes, as otherwise stated in the applicable Series Supplement or in the applicable provisions of this Base Indenture). 

(c)    In addition, pursuant to and within the time periods specified in Section 8.37, the
Domestic Distribution Real Estate Holder shall execute and deliver to the Trustee, for the benefit of the Secured Parties, a Mortgage with respect to each owned Domestic Manufacturing and Distribution Center existing as of the Closing Date or
acquired thereafter, which shall be delivered to the Trustee or its agent to be held in escrow; provided that upon the occurrence of a Mortgage Recordation Event, unless such Mortgage Recordation Event is waived by the Control Party (at the
direction of the Controlling Class Representative), the Trustee shall (i) engage a third-party service provider (which shall be reasonably acceptable to the Control Party) and shall deliver to such third-party service provider for
recordation promptly within five (5) Business Days of the occurrence of such Mortgage Recordation Event all such Mortgages with each applicable Governmental Authority with respect to each such Mortgage and (ii) pay all Mortgage Recordation
Fees in connection with such recordation, unless such requirement to record any such Mortgages is waived by the Control Party (acting at the direction of the Controlling Class Representative). The Trustee shall be reimbursed by the Co-Issuers for any and all costs and expenses incurred in connection with such recordation, including all Mortgage Recordation Fees, pursuant to and in accordance with the Priority of Payments. Neither the Trustee
nor any custodian on behalf of the Trustee shall be under any duty or obligation to inspect, review or examine any such Mortgages or to determine that the same are valid, binding, legally effective, properly endorsed, genuine, enforceable or
appropriate for the represented purpose or that they are in recordable form. Neither the Trustee nor any agent on its behalf shall in any way be liable for any delays in the recordation of any Mortgage, for the rejection of a Mortgage by any
recording office or for the failure of any Mortgage to create in favor of the Trustee, for the benefit of the Secured Parties, legal, valid and enforceable first priority Liens on, and security interests in, the
Co-Issuers’ right, title and interest in and to each owned Domestic Manufacturing and Distribution Center, and the Proceeds thereof. 

(d)    The parties hereto agree and acknowledge that each certificated Equity Interest and each Mortgage constituting
Indenture Collateral may be held by a custodian on behalf of the Trustee. 
 (e)    Notwithstanding any provisions to
the contrary contained in this Base Indenture, or any other document or agreement among all or some of the parties hereto, the SPV Canadian Holdco is the sole registered and beneficial owner of all Equity Interests in the Canadian Distributor, which
are shares in a Nova Scotia unlimited company, and will remain sole and registered beneficial owner thereof until such time as such shares are effectively 

  
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transferred into the name of the Trustee, any Secured Party or any other Person on the books and records of the Canadian Distributor. Accordingly, the SPV Canadian Holdco shall be entitled to
receive and retain for its own account any dividend or other distribution, if any, in respect of such Equity Interests (except insofar as the SPV Canadian Holdco has granted a security interest in such dividend on or other distribution, and any
share certificates representing such Equity Interests shall be delivered to the Trustee to hold as part of the Collateral hereunder) and shall have the right to vote such Equity Interests and to control the direction, management and policies of the
Canadian Distributor to the same extent as the SPV Canadian Holdco would if such Equity Interests were not pledged to the Trustee (for its own benefit and for the benefit of the Secured Parties) pursuant hereto, without, however, derogating from the
grant of such security interest. The preceding sentence is without prejudice to the Trustee’s and such Secured Party’s rights in respect of any and all other Collateral. Nothing in this Base Indenture or any other document or agreement
among all or some of the parties hereto is intended to, and nothing in this Base Indenture or any other document or agreement among all or some of the parties hereto shall, constitute the Trustee, any of the Secured Parties or any person other than
the SPV Canadian Holdco, as a shareholder of the Canadian Distributor for the purposes of the Companies Act (Nova Scotia) until such time as notice is given to the SPV Canadian Holdco and further steps are taken pursuant hereto or thereto so as to
register the Trustee or such other Person as holder of the Equity Interests in the Canadian Distributor. To the extent any provision hereof would have the effect of constituting the Trustee or any of the Secured Parties as a shareholder of the
Canadian Distributor prior to such time, such provision shall be severed herefrom and shall be ineffective with respect to the pledged Equity Interests in the Canadian Distributor without otherwise invalidating or rendering unenforceable this Base
Indenture or invalidating or rendering unenforceable such provision insofar as it relates to any other Collateral. 

(f)    Except upon the exercise of rights to sell, transfer or otherwise dispose of the Equity Interests of the Canadian
Distributor following the occurrence of an Event of Default and exercise of remedies in respect thereof, the SPV Canadian Holdco shall not cause or permit, or enable the Canadian Distributor to cause or permit, the Trustee or other Secured Parties
to: (a) be registered as shareholders of the Canadian Distributor, (b) accept or request stock powers of attorney in respect of such Person, (c) have any notation entered in their favor in the share register of the Canadian
Distributor except such notation as is compatible with its status as pledgee and not as owner of the Equity Interest, (d) be held out as shareholders of the Canadian Distributor, (e) receive, directly or indirectly, any dividends, property
or other distributions from the Canadian Distributor by reason of the Trustee or the Secured Parties holding a security interest in the Equity Interests of the Canadian Distributor (provided that such dividends, property or other
distributions are nonetheless Collateral hereunder and receipt thereof by the Trustee or such Secured Parties shall be deemed delivery thereof by the SPV Canadian Holdco to the Trustee or such Secured Parties immediately and without necessity of
further act, pursuant to the SPV Canadian Holdco’s pledge of substantially all its property as Collateral hereunder) or (f) to act as a shareholder of the Canadian Distributor, or exercise any rights of a shareholder including the right to
attend a meeting of, or to vote the shares of, the Canadian Distributor. 
 Section 3.2 Certain Rights and Obligations of the Co-Issuers Unaffected. 
 (a)    Notwithstanding the grant of the security interest
in the Indenture Collateral hereunder to the Trustee, on behalf of the Secured Parties, the Co-Issuers acknowledge 

  
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that the Manager, on behalf of the Securitization Entities, including, without limitation, the IP Holder, shall, subject to the terms and conditions of the Management Agreement, nevertheless have
the right, subject to the Trustee’s right to revoke such right, in whole or in part, in the event of the occurrence of an Event of Default, (i) to give, in accordance with the Management Standard, all consents, requests, notices,
directions, approvals, extensions or waivers, if any, which are required or permitted to be given by any Co-Issuer under the Collateral Documents, and to enforce all rights, remedies, powers, privileges and
claims of each Co-Issuer under the Collateral Documents, (ii) to give, in accordance with the Management Standard, all consents, requests, notices, directions and approvals, if any, which are required or
permitted to be given by any Co-Issuer under any IP License Agreement to which such Co-Issuer is a party and (iii) to take any other actions required or permitted
under the terms of the Management Agreement. 
 (b)    The grant of the security interest by the Co-Issuers in the Indenture Collateral to the Trustee on behalf of the Secured Parties shall not (i) relieve any Co-Issuer from the performance of any term, covenant,
condition or agreement on such Co-Issuer’s part to be performed or observed under or in connection with any of the Collateral Documents or (ii) impose any obligation on the Trustee or any of the
Secured Parties to perform or observe any such term, covenant, condition or agreement on such Co-Issuer’s part to be so performed or observed or impose any liability on the Trustee or any of the Secured
Parties for any act or omission on the part of such Co-Issuer or from any breach of any representation or warranty on the part of such Co-Issuer. 

(c)    Each Co-Issuer hereby jointly and severally agrees to indemnify and hold
harmless the Trustee and each Secured Party (including its directors, officers, employees and agents) from and against any and all losses, liabilities (including liabilities for penalties), claims, demands, actions, suits, judgments, reasonable out-of-pocket costs and expenses arising out of or resulting from the security interest granted hereby, whether arising by virtue of any act or omission on the part of such Co-Issuer or otherwise, including, without limitation, the reasonable out-of-pocket costs, expenses and disbursements (including
reasonable attorneys’ fees and expenses) incurred by the Trustee or any Secured Party in enforcing the Indenture or any other Related Document or preserving any of its rights to, or realizing upon, any of the Collateral; provided,
however, that the foregoing indemnification shall not extend to any action by the Trustee or any Secured Party which constitutes gross negligence, bad faith or willful misconduct by the Trustee or any Secured Party or any other indemnified
person hereunder. The indemnification provided for in this Section 3.2 shall survive the removal of, or a resignation by, such Person as Trustee as well as the termination of this Base Indenture or any Series Supplement.

 Section 3.3 Performance of Collateral Documents. Upon the occurrence of a default or breach (after giving effect to any
applicable grace or cure periods) by any Person party to (a) a Collateral Transaction Document or (b) a Collateral Franchise Document (only if a Manager Termination Event or an Event of Default has occurred and is continuing), promptly
following a request from the Trustee to do so and at the Co-Issuers’ expense, the Co-Issuers agree to take all such lawful action as permitted under this Base
Indenture as the Trustee (acting at the direction of the Servicer) may reasonably request to compel or secure the performance and observance by such Person of its obligations to the Co- Issuers, and to
exercise any and all rights, remedies, powers and privileges lawfully available to the Co-Issuers to the extent and in the manner 

  
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directed by the Trustee (acting at the direction of the Servicer), including, without limitation, the transmission of notices of default and the institution of legal or administrative actions or
proceedings to compel or secure performance by such Person of its obligations thereunder. If (i) the Co-Issuers shall have failed, within fifteen (15) days of receiving the direction of the Trustee
to take action to accomplish such directions of the Trustee, (ii) the Co-Issuers refuse to take any such action, as reasonably determined by the Trustee in good faith, or (iii) the Servicer
reasonably determines that such action must be taken immediately, in any such case the Control Party may, but shall not be obligated to, take, and the Trustee shall take (if so directed by the Servicer), at the expense of the Co-Issuers, such previously directed action and any related action permitted under this Base Indenture which the Servicer thereafter determines is appropriate (without the need under this provision or any other
provision under this Base Indenture to direct the Co-Issuers to take such action), on behalf of the Co-Issuers and the Secured Parties. 

Section 3.4 Stamp, Other Similar Taxes and Filing Fees. The Co-Issuers shall jointly and
severally indemnify and hold harmless the Trustee and each Secured Party from any present or future claim for liability for any stamp, documentary or other similar tax and any penalties or interest and expenses with respect thereto, that may be
assessed, levied or collected by any jurisdiction in connection with the Indenture, any other Related Document or any Indenture Collateral. The Co-Issuers shall pay, and jointly and severally indemnify and
hold harmless each Secured Party against, any and all amounts in respect of, all search, filing, recording and registration fees, taxes, excise taxes and other similar imposts that may be payable or determined to be payable in respect of the
execution, delivery, performance and/or enforcement of the Indenture or any other Related Document. 
 Section 3.5 Authorization to
File Financing Statements. 
 (a)    The Co-Issuers hereby irrevocably
authorize the Servicer on behalf of the Secured Parties at any time and from time to time to file or record in any filing office in any applicable jurisdiction financing statements and other filing or recording documents or instruments (or, with
respect to the Mortgages, upon the occurrence of a Mortgage Recordation Event) with respect to the Indenture Collateral, including, without limitation, any and all Domino’s IP (to the extent set forth in
Section 8.25(c) and Section 8.25(d)), to perfect the security interests of the Trustee for the benefit of the Secured Parties under this Base Indenture. Each
Co-Issuer authorizes the filing of any such financing statement naming the Trustee as secured party and indicating that the Indenture Collateral includes (a) “all assets” or words of similar effect
or import regardless of whether any particular assets comprised in the Indenture Collateral fall within the scope of Article 9 of the UCC, including, without limitation, any and all Domino’s IP (other than applications for Trademarks as
described in Section 3.1(a)(iv) above), or (b) as being of an equal or lesser scope or with greater detail. The Co-Issuers agree to furnish any information necessary to
accomplish the foregoing promptly upon the Trustee’s request. The Co-Issuers also hereby ratify and authorize the filing on behalf of the Secured Parties of any financing statement with respect to the
Indenture Collateral made prior to the date hereof. 
 (b)    Each Co-Issuer
acknowledges that the Indenture Collateral includes certain rights of the Co-Issuers as secured parties under the Related Documents. Each Co-Issuer hereby irrevocably
appoints the Trustee as its representative with respect to all financing statements filed to perfect such security interests and authorizes the Servicer on behalf of the Secured Parties to make such filings it deems necessary to reflect the Trustee
as secured party of record with respect to such financing statements. 

  
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 ARTICLE IV 

REPORTS 
 Section 4.1
Reports and Instructions to Trustee. 
 (a)    Weekly Manager’s Certificate. By 4:30 p.m. (New York
City time) on the Business Day prior to each Weekly Allocation Date, the Master Issuer shall furnish, or cause the Manager to furnish, to the Trustee, the Back-Up Manager and the Servicer a certificate
substantially in the form of Exhibit A specifying the allocation of Collections on the following Weekly Allocation Date (each a “Weekly Manager’s Certificate”): provided that such Weekly Manager’s Certificate
shall be considered material non-public information by such recipients and shall not be disclosed to the Noteholders, Note Owners or any other Person without the prior written consent of the Master Issuer.

 (b)    Quarterly Manager’s Certificate. On or before the third Business Day prior to each Quarterly
Payment Date, the Master Issuer shall furnish, or cause the Manager to furnish, to the Trustee, the Back-Up Manager, the Servicer and the Paying Agent a certificate substantially in the form of Exhibit B-l specifying the amounts to be paid or distributed on the following Quarterly Payment Date (each a “Quarterly Manager’s Certificate”). 

(c)    Quarterly Noteholders’ Statement. On or before the third Business Day prior to each Quarterly Payment
Date, the Master Issuer shall furnish, or cause the Manager to furnish, a statement substantially in the form of Exhibit B-2 with respect to each Series of Notes (each, a “Quarterly
Noteholders’ Statement”) to the Trustee and to the Rating Agencies with a copy to each of the Servicer, the Manager and the Back-Up Manager. 

(d)    Quarterly Compliance Certificates. On or before the third Business Day prior to each Quarterly Payment Date,
the Master Issuer shall deliver, or cause the Manager to deliver, to the Trustee and the Rating Agencies (with a copy to each of the Servicer, the Manager and the Back-Up Manager) an Officer’s Certificate
(each, a “Quarterly Compliance Certificate”) to the effect that, except as provided in a notice delivered pursuant to Section 8.8, no Potential Rapid Amortization Event, Rapid Amortization Event,
Default or Event of Default has occurred or is continuing. 
 (e)    Scheduled Principal Payments Deficiency
Notices. On the Accounting Date with respect to any Quarterly Collection Period, the Master Issuer shall furnish, or cause the Manager to furnish, to the Trustee and the Rating Agencies (with a copy to each of the Servicer, the Manager and the Back-Up Manager) written notice of any Scheduled Principal Payments Deficiency Event with respect to any Class or Series of Notes that occurred with respect to such Quarterly Collection Period (any such notice,
a “Scheduled Principal Prepayments Deficiency Notice”). 
 (f)    Annual Accountants’
Reports. Within ninety (90) days after the end of each fiscal year, the Master Issuer shall furnish, or cause to be furnished, to the Trustee, the 

  
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Servicer, the Back-Up Manager and the Rating Agencies the reports of the Independent Accountants or the Back-Up
Manager required to be delivered to the Master Issuer by the Manager pursuant to Section 3.3 of the Management Agreement. 

(g)    Master Issuer and Domestic Franchisor Financial Statements. The Manager on behalf of the Master Issuer shall
provide to the Trustee, the Servicer, the Back-Up Manager and the Rating Agencies with respect to each Series of Notes Outstanding the following financial statements: 

(i)    as soon as available and in any event within forty- five (45) days after the end of each of the
first three quarters of each fiscal year, unaudited consolidated balance sheets of the Master Issuer as of the end of such quarter and unaudited consolidated statements of income, changes in member’s equity and cash flows of the Master Issuer
for such quarter and for the period commencing at the end of the previous fiscal year and ending with the end of such quarter; and 

(ii)    as soon as available and in any event within ninety (90) days after the end of each fiscal
year, audited consolidated balance sheets of each of the Master Issuer and the Domestic Franchisor as of the end of such fiscal year and audited consolidated statements of income, changes in member’s equity and cash flows of each of the Master
Issuer and the Domestic Franchisor for such fiscal year, setting forth in comparative form the figures for the previous fiscal year prepared in accordance with GAAP and accompanied by an opinion thereon of the Independent Accountants stating that
such audited financial statements present fairly, in all material respects, the financial position of the companies being reported on and their results of operations and have been prepared in accordance with GAAP. 

(h)    Holdco Financial Statements. The Manager on behalf of the Master Issuer shall provide to the Trustee, the
Servicer, the Back-Up Manager and the Rating Agencies with respect to each Series of Notes Outstanding the following financial statements: 

(i)    as soon as available and in any event no later than the date Holdco is required to file its financial statements
with the SEC pursuant to the Exchange Act with respect to each of the first three quarters of each fiscal year, an unaudited consolidated balance sheet of Holdco as of the end of each of the first three quarters of each fiscal year and unaudited
consolidated statements of income, changes in shareholders’ equity and cash flows of Holdco for such quarter and for the period commencing at the end of the previous fiscal year and ending with the end of such quarter; and 

(i)    as soon as available and in any event no later than the date Holdco is required to file its
financial statements with the SEC pursuant to the Exchange Act with respect to the end of its fiscal year, an audited consolidated balance sheet of Holdco as of the end of each fiscal year and audited consolidated statements of income, changes in
shareholders’ equity and cash flows of Holdco for such fiscal year, setting forth in comparative form the figures for the previous fiscal year, prepared in accordance with GAAP and accompanied by an opinion thereon of independent public
accountants of recognized national standing stating such audited consolidated financial statements present fairly, in all material respects, the financial position of the companies being reported on and their results of operations and have been
prepared in accordance with GAAP. 

  
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 (ii)    Additional Information. The Master Issuer
will furnish, or cause to be furnished, from time to time such additional information regarding the financial position, results of operations or business of Holdco, DPL, any Domino’s Entity or any Securitization Entity as the Trustee, the
Servicer, the Manager or the Back-Up Manager may reasonably request, subject to Requirements of Law and to the confidentiality provisions of the Related Documents to which such recipient is a party. 

(j)    Instructions as to Withdrawals and Payments. The Master Issuer will furnish, or cause to be furnished, to
the Trustee or the Paying Agent, as applicable (with a copy to each of the Servicer, the Manager and the Back-Up Manager), written instructions to make withdrawals and payments from the Collection Account and
any other Base Indenture Account or Series Account and to make drawings under any Enhancement, as contemplated herein and in any Series Supplement; provided that such written instructions (other than those contained in Quarterly Noteholders’
Statements) shall be considered material non-public information by such recipients and shall not be disclosed to any other Person without the prior written consent of the Master Issuer; and provided further
that such written instructions shall be subject in all respects to the confidentiality provisions of any Related Documents to which such recipient is a party. The Trustee and the Paying Agent shall promptly follow any such written instructions. 

(k)    Monthly Distributor Profit Certificate. On or before the fifteenth Business Day after the end of each
Monthly Distributor Profit Period, the Master Issuer will furnish, or cause to be furnished, to the Trustee, the Servicer, the Manager, the Back-Up Manager, the Rating Agencies and the Paying Agent a
certificate substantially in the form of Exhibit C (each a “Monthly Distributor Profit Certificate”). 

(l)    Copies to Rating Agencies. The Master Issuer shall deliver, or shall cause the Manager to deliver, a copy of
each report, certificate or instruction, as applicable, described in this Section 4.1 to each Rating Agency and any Class A-1 Administrative Agent at its address as listed in or
otherwise designated pursuant to Section 14.1 or in the applicable Series Supplement, including any e-mail address; provided, however, that the Master Issuer shall not have any
obligation to deliver to any Class A-1 Administrative Agent copies of any Quarterly Noteholders’ Statements or Quarterly Manager’s Certificates that relate solely to a Series of Notes other than
the Series of Notes with respect to which such Person acts as Class A-1 Administrative Agent. 

Section 4.2 Annual Noteholders’ Tax Statement. Unless otherwise specified in the applicable Series Supplement,
on or before January 31 of each calendar year, the Paying Agent shall furnish to each Person who both (x) at any time during the preceding calendar year was a Noteholder with respect to the Series
2015-1 Senior Notes, the Series 2017-1 Senior Notes, the Series 2018-1 Senior Notes or the Series
2019-1 Senior Notes and (y) requests such a statement, a statement prepared by the Manager on behalf of the Master Issuer containing such information as the Master Issuer deems necessary or desirable to
enable such Noteholder to prepare its tax returns (each such statement, an “Annual Noteholders’ Tax Statement”). Such obligations of the 

  
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Master Issuer to prepare and the Paying Agent to distribute the Annual Noteholders’ Tax Statement shall be deemed to have been satisfied to the extent that substantially comparable
information shall be provided by the Paying Agent pursuant to any requirements of the Code or other applicable tax law as from time to time in effect. 

Section 4.3 Rule 144A Information. For so long as any of the Notes are “restricted securities” within the meaning of
Rule 144(a)(3) under the Securities Act, the Co-Issuers agree to provide to any Noteholder or Note Owner and to any prospective purchaser of Notes designated by such Noteholder or Note Owner upon the request
of such Noteholder or Note Owner or prospective purchaser, any information required to be provided to such holder, owner or prospective purchaser to satisfy the conditions set forth in Rule 144A(d)(4) under the Securities Act. 

Section 4.4 Reports, Financial Statements and Other Information to Noteholders. The Trustee will make the Quarterly
Noteholders’ Statements, the Quarterly Compliance Certificates, the Quarterly Manager’s Certificates, the financial statements referenced in Section 4.1(g) and Section 4.1(h) and the
reports referenced in Section 4.1(f) available to (a) each Rating Agency pursuant to Section 4.1(1) above and (b) the Noteholders, the Servicer, the Manager, the Back-Up Manager and the Rating Agencies via the Trustee’s internet website at www.sf.citidirect.com. Assistance in using such website can be obtained by calling the Trustee’s customer service desk
at (800) 422-2066. The Quarterly Noteholders’ Statement will only be accessible in a password-protected area of the internet website and the Trustee will require each party (other than the Servicer, the
Manager, the Back-Up Manager and the Rating Agencies) accessing such password-protected area to register as a Noteholder and to make the applicable representations and warranties described below in an Investor
Request Certification in the form of Exhibit F. Each time a Noteholder accesses the internet website, it will be deemed to have confirmed such representations and warranties as of the date thereof. The Trustee will provide the Servicer and
the Manager with copies of such Investor Request Certifications, including the identity, address, contact information, email address and telephone number of such Noteholder upon request. The Trustee shall have the right to change the way such
statements are electronically distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes.

 The Trustee will (or will request that the Manager) make available, upon reasonable advance notice and at the expense of the requesting
party, copies of the Quarterly Noteholders’ Statements, the Quarterly Compliance Certificates, the Quarterly Manager’s Certificates, the financial statements referenced in Section 4.1(g) and
Section 4.1(h) and the reports referenced in Section 4.1(f) to any Noteholder and to any prospective investor that provides the Trustee with an Investor Request Certification in the form of
Exhibit F to the effect that such party (i) is a Noteholder or prospective investor, as applicable, (ii) understands that the items contain material nonpublic information, (iii) is requesting the information solely for use in
evaluating such party’s investment or potential investment, as applicable, in the Notes and will keep such information strictly confidential (provided that such party may disclose such information only (A) to (1) those personnel
employed by it who need to know such information, (2) its attorneys and outside auditors which have agreed to keep such information confidential and to treat the information as material nonpublic information, or (3) a regulatory or self-
regulatory authority pursuant to 

  
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applicable law or regulation or (B) by judicial process), and (iv) is not a Competitor. Notwithstanding the foregoing, a recipient of such items may disclose to any and all persons,
without limitation of any kind, the tax treatment and tax structure of the transactions and any related tax strategies to the extent necessary to prevent the transaction from being described as a “confidential transaction” under U.S.
Treasury Regulations Section 1.6011- 4(b)(3). 
 A Noteholder or a prospective investor that completes an Investor Certification
substantially in the form of Exhibit N may access the Quarterly Noteholders’ Statements on the Trustee’s internet website or obtain the Quarterly Noteholders’ Statements directly from the Trustee without having to make the
representations and warranties described above after Holdco has electronically delivered such statements to the Trustee and certified that it has filed its financial statements with the SEC pursuant to the Exchange Act with respect to the fiscal
quarter in which the Interest Period described in such Quarterly Noteholders’ Certificate ended. In addition to the information described above, the Quarterly Noteholders’ Statement furnished to the SEC will also contain Same Store Sales
Comparison Information for the related Quarterly Collection Period. After furnishing this information to the SEC, the Co-Issuers will provide the Trustee with a revised Quarterly Noteholders’ Statement
which includes this Same Store Sales Comparison Information and the Trustee will make this revised Quarterly Noteholders’ Statement available to Noteholders and prospective investors as described in this paragraph. 

Section 4.5 Manager. Pursuant to the Management Agreement, the Manager has agreed to provide certain reports, notices,
instructions and other services on behalf of the Master Issuer and the other Co-Issuers. The Noteholders by their acceptance of the Notes consent to the provision of such reports and notices to the Trustee by
the Manager in lieu of the Master Issuer or any other Co-Issuer. Any such reports and notices that are required to be delivered to the Noteholders hereunder shall be delivered by the Trustee. The Trustee shall
have no obligation whatsoever to verify, reconfirm or recalculate any information or material contained in any of the reports, financial statements or other information delivered to it pursuant to this Article IV or the Management
Agreement. All distributions, allocations, remittances and payments to be made by the Trustee or the Paying Agent hereunder or under any Supplement or Variable Funding Note Purchase Agreement shall be made based solely upon the most recently
delivered written reports and instructions provided to the Trustee or Paying Agent, as the case may be, by the Manager. 
 Section 4.6
No Constructive Notice. Delivery of reports, information, Officer’s Certificates and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such reports, information, Officer’s
Certificates and documents shall not constitute constructive notice to the Trustee of any information contained therein or determinable from information contained therein, including any Securitization Entity’s, the Manager’s or any other
Person’s compliance with any of its covenants under the Indenture, the Notes or any other Related Document (as to which the Trustee is entitled to rely exclusively on the most recent Quarterly Compliance Certificate described above). 

  
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 ARTICLE V 

ALLOCATION AND APPLICATION OF COLLECTIONS 

Section 5.1 Concentration Accounts, Lock-Boxes and Additional Accounts. 

(a)    Establishment of the Concentration Accounts and Lock-Boxes. As of the Closing Date, the Domestic Royalties
Concentration Account, the related Lock-Box and the Lease Concentration Account are owned by the Master Issuer. The Domestic Distribution Concentration Account and two related Lock-Boxes and the PULSE and
Technology Fees Concentration Account and the related Lock-Box are owned by the Domestic Distributor. The International Royalties Concentration Account, the related
Lock-Box, the Venezuelan Royalties Concentration Account and the Cayman Islands Royalties Concentration Account are owned by the International Franchisor. The Canadian Distribution Concentration Account and
the Canadian Distribution U.S. Dollar Concentration Account are owned by the Canadian Distributor. The Domestic Franchising Concentration Account is owned by the Domestic Franchisor. The Domestic Distribution Real Estate Holder owns the Real
Estate Holder Concentration Account. The Domestic Distribution Equipment Holder owns the Equipment Holder Concentration Account. The IP Holder owns the IP Holder Concentration Account. Such accounts and lock-boxes, as of the Closing Date and at all
times thereafter, shall be (A) pledged to the Trustee for the benefit of the Secured Parties pursuant to Section 3.1 or the Global G&C Agreement and (B) if not established with the Trustee, subject to an
Account Control Agreement; provided that only the Qualified Institution holding any such Lock-Box shall have access to the items deposited therein; provided, further, that each of the
Venezuelan Royalties Concentration Account and the Cayman Islands Royalties Concentration Account is not subject to an Account Control Agreement as of the Closing Date and shall not be subject to an Account Control Agreement until such time, if any,
that such account no longer qualifies as an “Eligible Account” pursuant to clause (c) of the definition thereof. Each Concentration Account shall be an Eligible Account and, in addition, from time to time, the Master Issuer or
any other Securitization Entity (other than the SPV Guarantor) may establish concentration accounts for the purpose of depositing Collections or Residual Amounts therein (each such account and any investment accounts related thereto into which funds
are transferred for investment purposes pursuant to Section 5.1(b), an “Additional Concentration Account”): provided that each such Additional Concentration Account is (A) an Eligible Account,
(B) pledged by the Master Issuer or such other Securitization Entity to the Trustee for the benefit of the Secured Parties pursuant to Section 3.1 or the Global G&C Agreement, (C) if not established with the
Trustee, subject to an Additional Concentration Account Control Agreement (except that no Additional Concentration Account located in a country outside of the United States shall be required to be subject to an Additional Concentration Account
Control Agreement if such agreement would not be enforceable under the applicable laws of such country (as evidenced by a written notice from an Authorized Officer of the applicable Securitization Entity to the Control Party setting forth the
rationale for such conclusion) or such Additional Concentration Account qualifies as an “Eligible Account” pursuant to clause (c) of the definition thereof) and (D) designated by the Master Issuer as a Distribution
Concentration Account or a Royalties Concentration Account for purposes of the Related Documents. 

  
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 (b)    Administration of the Concentration Accounts. All amounts
held in the Concentration Accounts shall be invested in Permitted Investments at the written direction (which may be standing directions) of the Securitization Entity which owns such Concentration Account and such amounts may be transferred by such
Securitization Entity into an investment account for the sole purpose of investing in Permitted Investments so long as such investment account is (A) an Eligible Account, (B) pledged by such Securitization Entity to the Trustee for the
benefit of the Secured Parties pursuant to Section 3.1 or the Global G&C Agreement and (C) if not established with the Trustee, subject to an Account Control Agreement, unless such investment account qualifies as
an “Eligible Account” pursuant to clause (c) of the definition thereof; provided, however, that any such investment in any Concentration Account (or in any such investment account) shall mature not later than the
date on which such amount is required to be transferred to the Collection Account as set forth in Section 5.10. In the absence of written investment instructions hereunder, funds on deposit in the Concentration Accounts
shall be invested as fully as practicable in one or more Permitted Investments of the type described in clause (b) of the definition thereof. Neither the Master Issuer nor any other Co-Issuer shall
direct (or permit) the disposal of any Permitted Investments prior to the maturity thereof if such disposal would result in a loss of any portion of the initial purchase price of such Permitted Investment. 

(c)    Earnings from the Concentration Accounts. All interest and earnings (net of losses and investment expenses)
paid on funds on deposit in the Concentration Accounts shall be deemed to be Investment Income on deposit for distribution to the Collection Account in accordance with Section 5.10. 

(d)    No Duty to Monitor. The Trustee shall have no duty or responsibility to monitor the amounts of deposits into
or withdrawals from the Venezuelan Royalties Concentration Account, the Cayman Islands Royalties Concentration Account or any other Concentration Account. 

(e)    Voluntary Deposits to the Residual Amounts Account. From time to time, the Master Issuer may direct that all
or any portion of the Residual Amounts available to it pursuant to priority (xxxviii) of the Priority of Payments be deposited in the Residual Amounts Account. Any funds held in the Residual Amounts Account may be withdrawn at such times
as the Master Issuer may elect and applied at the direction of the Master Issuer, including (i) to fund distributions, subject to Section 8.18, (ii) to make deposits to one or more of the Collection Account
Administrative Accounts in accordance with Section 5.6(d) or (iii) for working capital purposes. 

Section 5.2 Senior Notes Interest Reserve Account. 

(a)    Establishment of the Senior Notes Interest Reserve Account. The Master Issuer has established with the
Trustee an account in the name of the Trustee for the benefit of the Senior Noteholders and the Trustee, solely in its capacity as trustee for the Senior Noteholders, bearing a designation clearly indicating that the funds deposited therein are held
for the benefit of the foregoing Secured Parties (the “Senior Notes Interest Reserve Account”). The Senior Notes Interest Reserve Account shall be an Eligible Account. 

  
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 (b)    Administration of the Senior Notes Interest Reserve
Account. All amounts held in the Senior Notes Interest Reserve Account shall be invested in Permitted Investments at the written direction (which may be standing directions) of the Master Issuer and such amounts may be transferred by the Master
Issuer into an investment account for the sole purpose of investing in Permitted Investments so long as such investment account is (A) an Eligible Account, (B) pledged by the Master Issuer to the Trustee for the benefit of the Secured
Parties pursuant to Section 3.1 and (C) if not established with the Trustee, subject to an Account Control Agreement; provided, however, that any such investment in the Senior Notes Interest Reserve
Account shall mature not later than the Business Day prior to the next succeeding Quarterly Payment Date. In the absence of written investment instructions hereunder, funds on deposit in the Senior Notes Interest Reserve Account shall be invested as
fully as practicable in one or more Permitted Investments of the type described in clause (b) of the definition thereof. The Master Issuer shall not direct (or permit) the disposal of any Permitted Investments prior to the maturity
thereof if such disposal would result in a loss of any portion of the initial purchase price of such Permitted Investment. 

(c)    Earnings from the Senior Notes Interest Reserve Account. All interest and earnings (net of losses and
investment expenses) paid on funds on deposit in the Senior Notes Interest Reserve Account shall be deemed to be Investment Income on deposit for application to amounts required to be on deposit in the Senior Notes Interest Reserve Account or for
distribution to the Collection Account in accordance with Section 5.10. 
 Section 5.3 Senior Subordinated
Notes Interest Reserve Account. 
 (a)    Establishment of the Senior Subordinated Notes Interest Reserve
Account. On or prior to the Closing Date, the Master Issuer shall establish and maintain with the Trustee the Senior Subordinated Notes Interest Reserve Account in the name of the Trustee for the benefit of the Senior Subordinated Noteholders
and the Trustee, solely in its capacity as trustee for the Senior Subordinated Noteholders, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the foregoing Secured Parties. The Senior Subordinated
Notes Interest Reserve Account shall be an Eligible Account. 
 (b)    Administration of the Senior Subordinated
Notes Interest Reserve Account. All amounts held in the Senior Subordinated Notes Interest Reserve Account shall be invested in Permitted Investments at the written direction (which may be standing directions) of the Master Issuer and
such amounts may be transferred by the Master Issuer into an investment account for the sole purpose of investing in Permitted Investments so long as such investment account is (A) an Eligible Account, (B) pledged by the Master Issuer to
the Trustee for the benefit of the Secured Parties pursuant to Section 3.1 and (C) if not established with the Trustee, subject to an Account Control Agreement; provided, however, that any such investment
in the Senior Subordinated Notes Interest Reserve Account shall mature not later than the Business Day prior to the next succeeding Quarterly Payment Date. In the absence of written investment instructions hereunder, funds on deposit in the Senior
Subordinated Notes Interest Reserve Account shall be invested as fully as practicable in one or more Permitted Investments of the type described in clause (b) of the definition thereof. The Master Issuer shall not direct (or permit) the
disposal of any Permitted Investments prior to the maturity thereof if such disposal would result in a loss of any portion of the initial purchase price of such Permitted Investment. 

  
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 (c)    Earnings from the Senior Subordinated Notes Interest Reserve
Account. All interest and earnings (net of losses and investment expenses) paid on funds on deposit in the Senior Subordinated Notes Interest Reserve Account shall be deemed to be Investment Income on deposit for application to amounts required
to be on deposit in the Senior Subordinated Notes Interest Reserve Account or for distribution to the Collection Account in accordance with Section 5.10. 

Section 5.4 Cash Trap Reserve Account. 

(a)    Establishment of the Cash Trap Reserve Account. The Master Issuer has established the Cash Trap Reserve
Account in the name of the Trustee for the benefit of the Secured Parties, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Secured Parties. The Cash Trap Reserve Account shall be an Eligible
Account. 
 (b)    Administration of the Cash Trap Reserve Account. All amounts held in the Cash Trap Reserve
Account shall be invested in Permitted Investments at the written direction (which may be standing directions) of the Master Issuer and such amounts may be transferred by the Master Issuer into an investment account for the sole purpose of investing
in Permitted Investments so long as such investment account is (A) an Eligible Account, (B) pledged by the Master Issuer to the Trustee for the benefit of the Secured Parties pursuant to Section 3.1 and
(C) if not established with the Trustee, subject to an Account Control Agreement; provided, however, that any such investment in the Cash Trap Reserve Account shall mature not later than the Business Day prior to the next
succeeding Quarterly Payment Date. In the absence of written investment instructions hereunder, funds on deposit in the Cash Trap Reserve Account shall be invested as fully as practicable in one or more Permitted Investments of the type described in
clause (b) of the definition thereof. The Master Issuer shall not direct (or permit) the disposal of any Permitted Investments prior to the maturity thereof if such disposal would result in a loss of any portion of the initial purchase
price of such Permitted Investment. 
 (c)    Earnings from the Cash Trap Reserve Account. All interest and
earnings (net of losses and investment expenses) paid on funds on deposit in the Cash Trap Reserve Account shall be deemed to be Investment Income on deposit for application to amounts required to be on deposit in the Cash Trap Reserve Account or
for distribution to the Collection Account in accordance with Section 5.10. 
 Section 5.5 Collection
Account. 
 (a)    Establishment of Collection Account. The Master Issuer has established with the Trustee the
Collection Account in the name of the Trustee for the benefit of the Secured Parties, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Secured Parties. The Collection Account shall be an
Eligible Account. 
 (b)    Administration of the Collection Account. All amounts held in the Collection Account
shall be invested in Permitted Investments at the written direction (which may be standing directions) of the Master Issuer and such amounts may be transferred by the 

  
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Master Issuer into an investment account for the sole purpose of investing in Permitted Investments so long as such investment account is (A) an Eligible Account, (B) pledged by the
Master Issuer to the Trustee for the benefit of the Secured Parties pursuant to Section 3.1 and (C) if not established with the Trustee, subject to an Account Control Agreement; provided, however, that
any such investment in the Collection Account shall mature not later than the Business Day prior to the next succeeding Weekly Allocation Date. In the absence of written investment instructions hereunder, funds on deposit in the Collection Account
shall be invested as fully as practicable in one or more Permitted Investments of the type described in clause (b) of the definition thereof. The Master Issuer shall not direct (or permit) the disposal of any Permitted Investments prior
to the maturity thereof if such disposal would result in a loss of any portion of the initial purchase price of such Permitted Investment. 

(c)    Earnings from Collection Account. All interest and earnings (net of losses and investment expenses) paid on
funds on deposit in the Collection Account shall be deemed to be Investment Income on deposit for distribution in accordance with Section 5.11. 

Section 5.6 Collection Account Administrative Accounts. 

(a)    Establishment of Collection Account Administrative Accounts. On the Closing Date, ten administrative accounts
associated with the Collection Account, each of which shall be an Eligible Account, shall be assigned to the Trustee for the benefit of the Secured Parties bearing a designation clearly indicating that the funds deposited therein are held for the
benefit of the Secured Parties (collectively, the “Collection Account Administrative Accounts”): 

(i)    an account for the deposit of Senior Notes Quarterly Interest (the “Senior Notes Interest
Account”): 
 (ii)    an account for the deposit of Senior Subordinated Notes Quarterly Interest
(the “Senior Subordinated Notes Interest Account”): 
 (iii)    an account for the
deposit of Subordinated Notes Quarterly Interest (the “Subordinated Notes Interest Account”): 

(iv)    an account for the deposit of Class A-1 Senior Notes
Accrued Quarterly Commitment Fees (the “Class A-1 Senior Notes Commitment Fees Account”): 

(v)    an account for the deposit of any Indemnification Payments, any Real Estate Disposition Proceeds,
any Senior Notes Scheduled Principal Payments or any other principal payments with respect to the Senior Notes (the “Senior Notes Principal Payments Account”): 

(vi)    an account for the deposit of any Indemnification Payments, any Real Estate Disposition Proceeds,
any Senior Subordinated Notes Scheduled Principal Payments or any other principal payments with respect to the Senior Subordinated Notes (the “Senior Subordinated Notes Principal Payments Account”): 

(vii)    an account for the deposit of any Indemnification Payments, any Real Estate Disposition Proceeds,
any Subordinated Notes Scheduled Principal Payments 

  
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or any other principal payments with respect to the Subordinated Notes (the “Subordinated Notes Principal Payments Account”): 

(viii)    an account for the deposit of Senior Notes Quarterly
Post-ARD Contingent Interest (the “Senior Notes Post-ARD Contingent Interest Account”): 

(ix)    an account for the deposit of Senior Subordinated Notes Quarterly
Post-ARD Contingent Interest (the “Senior Subordinated Notes Post-ARD Contingent Interest Account”); and 

(x)    an account for the deposit of Subordinated Notes Quarterly
Post-ARD Contingent Interest (the “Subordinated Notes Post-ARD Contingent Interest Account”). 

(b)    Administration of the Collection Account Administrative Accounts. All amounts held in the Collection Account
Administrative Accounts shall be invested in Permitted Investments at the written direction (which may be standing directions) of the Master Issuer and such amounts may be transferred by the Master Issuer into an investment account for the sole
purpose of investing in Permitted Investments so long as such investment account is (A) an Eligible Account, (B) pledged by the Master Issuer to the Trustee for the benefit of the Secured Parties pursuant to
Section 3.1 and (C) if not established with the Trustee, subject to an Account Control Agreement; provided, however, that any such investment in the Collection Account Administrative Accounts shall mature
not later than the Business Day prior to the next succeeding Quarterly Payment Date. In the absence of written investment instructions hereunder, funds on deposit in the Collection Account Administrative Accounts shall be invested as fully as
practicable in one or more Permitted Investments of the type described in clause (b) of the definition thereof. The Master Issuer shall not direct (or permit) the disposal of any Permitted Investments prior to the maturity thereof if
such disposal would result in a loss of any portion of the initial purchase price of such Permitted Investment. 

(c)    Earnings from the Collection Account Administrative Accounts. All interest and earnings (net of losses and
investment expenses) paid on funds on deposit in the Collection Account Administrative Accounts shall be deposited therein and shall be deemed to be Investment Income on deposit for distribution in accordance with
Section 5.11. 
 (d)    Voluntary Deposits to the Collection Account Administrative
Accounts. From time to time, the Master Issuer may direct that all or any portion of the Residual Amounts available to it pursuant to priority (xxxviii) of the Priority of Payments including any amounts previously deposited to the
Residual Amounts Account pursuant to Section 5.1(e) be deposited in one or more of the Collection Account Administrative Accounts. Any such amounts deposited in a Collection Account Administrative Account shall be disbursed
in accordance with the applicable provisions of Section 5.12. In addition, if on any Weekly Allocation Date, there is a Collection Account Administrative Account Surplus with respect to any Collection Account Administrative
Account, the Master Issuer (or the Manager on its behalf), as indicated in the applicable Weekly Manager’s Certificate, may request that the Trustee release from such Collection Account Administrative Account an amount not to exceed the lesser
of (I) the Collection Account Administrative Account Surplus with respect to such account and (II) the 

  
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aggregate amount that was deposited into such account prior to such date pursuant to this Section 5.6(d); provided that, if the Master Issuer elects to include the
Senior Principal and Interest Account Excess Amount in calculating the Senior ABS Leverage Ratio, pursuant to clause (i)(b)(y) of the definition thereof, the Master Issuer may not elect to release any funds from the Senior Notes Principal Payment
Account until such time (if any) as the Master Issuer has a Senior ABS Leverage Ratio of less than 6.5x (or, on and after the Springing Amendments Implementation Date, 7.0x) without including the Senior Principal and Interest Account Excess Amount
in the calculation thereof (which ratio will be calculated as if the date of such calculation is the date of issuance of an additional Series of Notes). Any amounts so released from the Collection Account Administrative Accounts shall be applied at
the direction of the Master Issuer (or the Manager on its behalf), which may include (i) the making of a distribution, subject to Section 8.18, (ii) to deposit such amount in the Residual Amounts Account or
(iii) for working capital purposes. 
 Section 5.7 Hedge Payment Account. 

(a)    Establishment of the Hedge Payment Account. On or prior to the Series Closing Date of the first Series of
Notes issued pursuant to this Indenture providing for a Series Hedge Agreement, the Master Issuer, or the Manager on behalf of the Master Issuer, shall establish and maintain with the Trustee an account in the name of the Trustee for the benefit of
the Secured Parties, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Secured Parties (the “Hedge Payment Account”). 

(b)    Administration of the Hedge Payment Account. All amounts held in the Hedge Payment Account shall be invested
in Permitted Investments at the written direction (which may be standing directions) of the Master Issuer and such amounts may be transferred by the Master Issuer into an investment account for the sole purpose of investing in Permitted Investments
so long as such investment account is (A) an Eligible Account, (B) pledged by the Master Issuer to the Trustee for the benefit of the Secured Parties pursuant to Section 3.1 and (C) if not established with
the Trustee, subject to an Account Control Agreement; provided, however, that any such investment in the Hedge Payment Account shall mature not later than the Business Day prior to the next succeeding Quarterly Payment Date. In the
absence of written investment instructions hereunder, funds on deposit in the Hedge Payment Account shall be invested as fully as practicable in one or more Permitted Investments of the type described in clause (b) of the definition
thereof. The Master Issuer shall not shall direct (or permit) the disposal of any Permitted Investments prior to the maturity thereof if such disposal would result in a loss of any portion of the initial purchase price of such Permitted Investment.

 (c)    Earnings from the Hedge Payment Account. All interest and earnings (net of losses and investment
expenses) paid on funds on deposit in the Hedge Payment Account shall be deemed to be Investment Income on deposit for application to amounts required to be on deposit in the Hedge Payment Account or for distribution to the Collection Account in
accordance with Section 5.12. 

  
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 Section 5.8 Trustee as Securities Intermediary. 

(a)    The Trustee or other Person holding any Base Indenture Account held in the name of the Trustee for the benefit of
the Secured Parties (collectively the “Trustee Accounts”) shall be the “Securities Intermediary”. If the Securities Intermediary in respect of any Trustee Account is not the Trustee, the Master Issuer shall obtain
the express agreement of such other Person to the obligations of the Securities Intermediary set forth in this Section 5.8. 

(b)    The Securities Intermediary agrees that: 

(i)    the Trustee Accounts are accounts to which “financial assets” within the meaning of Section 8-102(a)(9) (“Financial Assets”) of the UCC in effect in the State of New York (the “New York UCC”) will or may be credited; 

(ii)    the Trustee Accounts are “securities accounts” within the meaning of Section 8-501 of the New York UCC and the Securities Intermediary qualifies as a “securities intermediary” under Section 8-102(a) of the New York UCC; 

(iii)    all securities or other property (other than cash) underlying any Financial Assets credited to any
Trustee Account shall be registered in the name of the Securities Intermediary, indorsed to the Securities Intermediary or in blank or credited to another securities account maintained in the name of the Securities Intermediary and in no case will
any Financial Asset credited to any Trustee Account be registered in the name of the Master Issuer, payable to the order of the Master Issuer or specially indorsed to the Master Issuer; 

(iv)    all property delivered to the Securities Intermediary pursuant to this Base Indenture will be
promptly credited to the appropriate Trustee Account; 
 (v)    each item of property (whether investment
property, security, instrument or cash) credited to a Trustee Account shall be treated as a Financial Asset under Article 8 of the New York UCC; 

(vi)    if at any time the Securities Intermediary shall receive any entitlement order from the Trustee
(including those directing transfer or redemption of any Financial Asset) relating to the Trustee Accounts, the Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer or any other Person; 

(vii)    the Trustee Accounts shall be governed by the laws of the State of New York, regardless of any
provision of any other agreement. For purposes of all applicable UCCs, New York shall be deemed to be the Securities Intermediary’s jurisdiction and the Trustee Accounts (as well as the “securities entitlements” (as defined in Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; 

(viii)    the Securities Intermediary has not entered into, and until termination of this Base Indenture,
will not enter into, any agreement with any other Person relating to the Trustee Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with entitlement orders (as defined in
Section 8-102(a)(8) 

  
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of the New York UCC) of such other Person and the Securities Intermediary has not entered into, and until the termination of this Base Indenture will not enter into, any agreement with the Master
Issuer purporting to limit or condition the obligation of the Securities Intermediary to comply with entitlement orders as set forth in Section 5.8(b)(vi); and 

(ix)    except for the claims and interest of the Trustee, the Secured Parties, the Master Issuer and the
other Securitization Entities in the Trustee Accounts, neither the Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any claim to, or interest, in the Trustee Accounts or in any Financial Asset credited thereto. If
the Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion by any other person of any Lien, encumbrance, or adverse claim (including any writ, garnishment, judgment, warrant of attachment,
execution or similar process) against any Trustee Account or in any Financial Asset carried therein, the Securities Intermediary will promptly notify the Trustee, the Servicer, the Manager, the Back-Up Manager
and the Master Issuer thereof. 
 (c)    At any time after the occurrence and during the continuation of an Event of
Default, the Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Trustee Accounts and in all Proceeds thereof, and (acting at the direction of the Controlling Class Representative) shall be the
only Person authorized to originate entitlement orders in respect of the Trustee Accounts; provided, however, that at all other times the Master Issuer shall, subject to the terms of the Indenture and the other Related Documents, be
authorized to instruct the Trustee to originate entitlement orders in respect of the Trustee Accounts. 
 Section 5.9 Establishment
of Series Accounts: Legacy Accounts. 
 (a)    Establishment of Series Accounts. To the extent specified in
the Series Supplement with respect to any Series of Notes, the Trustee may establish and maintain one or more Series Accounts and/or administrative accounts of any such Series Account in accordance with the terms of such Series Supplement. In
addition, the Trustee shall continue to maintain the Insurer Premiums Account for the purpose of disbursing any amounts deposited therein on or prior to the Closing Date, and shall disburse such amounts to any of the Insurers or to their counsel
pursuant to instructions delivered by the Co-Issuers to the Trustee. 

(b)    Legacy Accounts. On the Closing Date, any amounts held in any Series
2007-1 Legacy Account with respect to a particular class of the Series 2007-1 Notes shall be transferred to the applicable distribution account established pursuant to
the Series 2007-1 Series Supplement, for application toward the prepayment of such class of the Series 2007-1 Notes. In the case of any mandatory or optional redemption
in full of any Class or Series of Notes issued pursuant to this Base Indenture, on the Notes Discharge Date with respect to such Class or Series of Notes, the Master Issuer may (but is not required to) elect to have all or any portion of
the funds held in any Other Legacy Account with respect to such Class or Series of Notes transferred to the applicable distribution account for such Class or Series of Notes, for application toward the prepayment of such Class or
Series of Notes. If the Master Issuer does not elect to have such funds so transferred, or if the Master Issuer elects to have only a portion of such funds so transferred, any funds remaining in the applicable Other Legacy Account after the
applicable 

  
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Notes Discharge Date shall be deposited into the Collection Account for application in accordance with the Priority of Payments. When the balance of any Series
2007-1 Legacy Account, any Other Legacy Account or the Insurer Premiums Account has been reduced to zero, the Trustee may close such account. The Trustee shall make the distributions and transfers and shall
close any accounts as contemplated by this Section 5.9 pursuant to instructions delivered by the Co-Issuers to the Trustee. 

Section 5.10 Collections and Investment Income. 

(a)    Collections in General. Until the Indenture is terminated pursuant to Section 12.1,
the Master Issuer shall cause all Collections due and to become due to the Master Issuer, any other Securitization Entity or the Trustee, as the case may be, to be deposited and, to the extent applicable, withdrawn in the following manner: 

(i)    all amounts, including, without limitation, any Initial Franchise Fees, any Continuing Franchise
Fees or any Other Franchise Fees due under or in connection with the Franchise Arrangements, which are paid by the Franchisee party thereto by electronic funds transfer from a bank account of such Franchisee, shall be paid directly into a Royalties
Concentration Account, as determined by the Manager, from the bank account of such Franchisee; 

(ii)    all Product Purchase Payments which are paid by any Franchisee, DPL, as the owner of Company-Owned
Stores, or any other Person who has purchased Products from any Distributor by electronic funds transfer from a bank account of such Person, shall be paid directly into a Distribution Concentration Account, as determined by the Manager, from the
bank account of such Person; 
 (iii)    all PULSE License Fees, Technology Fees and PULSE Maintenance
Fees which are paid by any Franchisee, DPL, as the owner of Company-Owned Stores, or any other Person who has licensed the PULSE Assets or the Technology Assets from any Distributor by electronic funds transfer from a bank account of such Person,
shall be paid by such Person directly into the PULSE and Technology Fees Concentration Account from the bank account of such Person; 

(iv)    all Third-Party License Fees which are paid by any Third-Party Licensee by electronic funds
transfer from a bank account of such Third-Party Licensee, shall be paid by such Third Party Licensee directly into a Royalties Concentration Account or a Distribution Concentration Account, as determined by the Manager, from the bank account of
such Third-Party Licensee; 
 (v)    all amounts, including, without limitation, any Initial Franchise
Fees, any Continuing Franchise Fees or any Other Franchise Fees, due under or in connection with the Franchise Arrangements, which are not paid by the Franchisee party thereto by electronic funds transfer from a bank account of such Franchisee,
shall be sent to a Lock-Box related to a Royalties Concentration Account, as determined by the Manager, and deposited into the related Royalties Concentration Account within two (2) Business Days of the
receipt thereof; 

  
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 (vi)    all Product Purchase Payments which are not paid
by any Franchisee, DPL, as the owner of Company-Owned Stores, or any other Person by electronic funds transfer from a bank account of such Person, shall be sent to a Lock-Box related to a Distribution
Concentration Account, as determined by the Manager, and deposited into the related Distribution Concentration Account within two (2) Business Days of the receipt thereof; 

(vii)    all PULSE License Fees, Technology Fees and PULSE Maintenance Fees which are not paid by any
Franchisee, DPL, as the owner of Company-Owned Stores, or any other Person by electronic funds transfer from a bank account of such Person, shall be sent to the Lock-Box related to the PULSE and Technology
Fees Concentration Account, as determined by the Manager, and deposited by the Manager into the PULSE and Technology Fees Concentration Account within two (2) Business Days of the receipt thereof; 

(viii)    all Third-Party License Fees which are not paid by any Third-Party Licensee by electronic funds
transfer from a bank account of such Third-Party Licensee shall be sent to a Lock-Box related to a Royalties Concentration Account, as determined by the Manager, and deposited by the Manager into the related
Royalties Concentration Account within two (2) Business Days of the receipt thereof; 
 (ix)    all
Company-Owned Stores License Fees shall be deposited directly by the Manager into the IP Holder Concentration Account in accordance with the Management Agreement when due; 

(x)    all Company-Owned Stores Advertising Fees shall be deposited directly by the Manager into the DNAF
Account in accordance with the Management Agreement when due; 
 (xi)    all Asset Disposition Proceeds
(other than Asset Disposition Proceeds arising from Real Estate Dispositions) required to be deposited into a Concentration Account or the Collection Account shall be deposited directly by the Manager into a Concentration Account or the Collection
Account, as determined by the Manager in accordance with the Management Agreement, when due; 

(xii)    all Asset Disposition Proceeds arising from Real Estate Dispositions shall be deposited directly
by the Manager into the Real Estate Holder Concentration Account promptly after receipt thereof; 

(xiii)    an amount equal to the Domestic Product Purchase Agreement Payments shall be withdrawn by the
Manager from the Domestic Distribution Concentration Account and deposited in the Lease Concentration Account, the Real Estate Holder Concentration Account and the Equipment Holder Concentration Account in such proportions as are set forth in the
Product Purchase and Distribution Agreement, and an amount equal to the Canadian Manufacturer Product Purchase Agreement Payment shall be withdrawn by the Manager from the Canadian Distribution Concentration Account and paid to the Canadian
Manufacturer; 

  
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 (xiv)    an amount equal to the Product Supply Payment
shall be withdrawn by the Manager from the Lease Concentration Account, the Real Estate Holder Concentration Account and the Equipment Holder Concentration Account in such proportions as are set forth in the Management Agreement and paid to DPL;

 (xv)    an amount equal to the sum of any lease payments due and payable with respect to leases held
by the Master Issuer and any other expenses due and payable with respect to such leases shall be withdrawn from the Lease Concentration Account at any time at the discretion of the Manager in accordance with the Management Agreement and applied by
the Manager to make payments to the applicable landlord or other recipient; 
 (xvi)    an amount equal
to the sum of any property taxes on equipment due and payable with respect to property owned by the Domestic Distribution Equipment Holder and any other expenses due and payable with respect to such property shall be withdrawn from the Equipment
Holder Concentration Account at any time at the discretion of the Manager in accordance with the Management Agreement and applied by the Manager to make payments to the applicable governmental authority or other recipient; 

(xvii)    an amount equal to the sum of any real estate taxes due and payable with respect to property
owned by the Domestic Distribution Real Estate Holder and any other expenses due and payable with respect to such property shall be withdrawn from the Real Estate Holder Concentration Account at any time at the discretion of the Manager in
accordance with the Management Agreement and applied by the Manager to make payments to the applicable governmental authority or other recipient; 

(xviii)    an amount equal to any reinvestments in real property from Asset Disposition Proceeds arising
from Real Estate Dispositions shall be withdrawn from the Real Estate Holder Concentration Account at any time at the discretion of the Manager in accordance with the Management Agreement and applied by the Manager towards such reinvestment and any
Real Estate Disposition Proceeds shall be withdrawn by the Manager in accordance with the Management Agreement no later than the Business Day prior to each Weekly Allocation Date and deposited into the Collection Account; 

(xix)    all amounts deposited into any Royalties Concentration Account pursuant to any of clauses
(i), (iv), (v) or (viii) above that constitute Retained Collections shall be withdrawn by the Manager in accordance with the Management Agreement no later than the Business Day prior to each Weekly Allocation Date and
deposited into the Collection Account; 
 (xx)    amounts deposited into any Distribution Concentration
Account pursuant to either of clauses (ii) or (vi) above, in an amount not to exceed the amount of Distributor Costs of Goods Sold, Distribution Operating Expenses, Distribution Center Expenses and Distributor Franchisee Rebates,
may be withdrawn at any time at the discretion of the Manager in accordance with the Management Agreement and applied to reimburse the Manager, the Canadian Manufacturer or the applicable Distributor, as applicable; 

  
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 (xxi)    amounts deposited into any Distribution
Concentration Account, in an amount not to exceed the amount of Canadian Taxes and Distribution Center Expenses, may be withdrawn at any time at the discretion of the Manager in accordance with the Management Agreement and applied to the payment of
(A) Canadian sales tax and Canadian income tax owed by the Canadian Distributor and (B) real estate taxes, lease payments and other expenses with respect to Distribution Assets owned or leased by the Master Issuer or any other
Securitization Entity; 
 (xxii)    amounts deposited into any Concentration Account pursuant to any of
clauses (i), (ii), (iii), (iv), (v), (vi), (vii) or (viii) above, in an amount not to exceed the amount of Third-Party Matching Expenses, may be withdrawn at any time at the discretion of
the Manager in accordance with the Management Agreement and applied to make payments to the applicable third party to whom such funds are due; 

(xxiii)    amounts deposited into the IP Holder Concentration Account, in an amount not to exceed the
amount of IP Registration and Enforcement Fees, may be withdrawn at any time at the discretion of the Manager in accordance with the Management Agreement and applied to the payment of fees and expenses incurred by or on behalf of the IP Holder in
connection with registering, maintaining and enforcing the Domino’s IP, and no later than the Business Day prior to each Weekly Allocation Date all amounts remaining on deposit in the IP Holder Concentration Account shall be withdrawn by the
Manager in accordance with the Management Agreement and deposited into the Collection Account; 

(xxiv)    an amount equal to the Weekly Distributor Profit Amount shall be withdrawn from the Distribution
Concentration Accounts by the Manager in accordance with the Management Agreement no later than the Business Day prior to each Weekly Allocation Date and deposited into the Collection Account; 

(xxv)    all amounts deposited into any Royalties Concentration Account that constitute Advertising Fees
shall be withdrawn in an amount equal to the applicable Weekly Advertising Fee Amount and transferred by the Manager into the DNAF Account in accordance with the Management Agreement; 

(xxvi)    all Other Collections shall be deposited into a Concentration Account, as determined by the
Manager, and thereafter shall be withdrawn and transferred by the Manager in accordance with the Management Agreement and deposited into the Collection Account or otherwise, as the case may be; 

(xxvii)    all distributions, including any Free Cash Flow, to the Master Issuer from any Securitization
Entity shall be deposited by the Master Issuer into the Collection Account within three (3) Business Days of receipt thereof; 

(xxviii)    all Retained Collections from any other source, including Retained Collections Contributions,
shall be deposited into the Collection Account within three (3) Business Days of receipt thereof by the Master Issuer or the Manager, as the case may be; 

  
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 (xxix)    all amounts withdrawn from the Senior Notes
Interest Reserve Account or the Senior Subordinated Notes Interest Reserve Account, as applicable, upon the occurrence of an Interest Reserve Release Event shall be deposited directly into the Collection Account by the Manager; and 

(xxx)    the Manager may withdraw available amounts on deposit in any Concentration Account at any time, in
accordance with the Management Standard, in order to reimburse any working capital advances previously made from the Residual Amounts Account; 

provided, however, that (A) for a period of six (6) months following the Closing Date, any Initial Franchise Fees, Continuing
Franchise Fees or Other Franchise Fees received by the Overseas Franchisor shall not be required to be paid or deposited into a Concentration Account or the Collection Account, as applicable, until five (5) Business Days after receipt thereof
by the Overseas Franchisor and (B) with respect to any Initial Franchise Fees or any Other Franchise Fees received by any other Domino’s Entity (in an account other than a Concentration Account or the Collection Account) during any Fiscal
Period of the Securitization Entities, such Initial Franchise Fees and Other Franchise Fees shall not be required to be paid or deposited into a Concentration Account or the Collection Account, as applicable, until ten (10) Business Days after
the end of such Fiscal Period; provided, further, that amounts shall be withdrawn from the Venezuelan Royalties Concentration Account and the Cayman Islands Royalties Concentration Account only as permitted by applicable local law and
at commercially reasonable intervals. 
 (b)    Investment Income. On the Business Day immediately prior to each
Weekly Allocation Date, the Master Issuer, in its sole discretion, shall, or shall cause the Manager to, instruct the Trustee to transfer any Investment Income on deposit in the Senior Notes Interest Reserve Account, the Senior Subordinated Notes
Interest Reserve Account, the Cash Trap Reserve Account, any Concentration Account or the Collection Account Administrative Accounts to the Collection Account; provided, that Investment Income shall be withdrawn from the Venezuelan Royalties
Concentration Account and the Cayman Islands Royalties Concentration Account only as permitted by applicable local law and at commercially reasonable intervals. 

(c)    Payment Instructions. In accordance with and subject to the terms of the Management Agreement, the Master
Issuer shall cause the Manager to instruct (i) each Franchisee obligated at any time to make any payment pursuant to any Domestic Franchise Arrangement or any International Franchise Arrangement to make such payment to a Royalties Concentration
Account or its related Lock-Box, (ii) each Franchisee, DPL, as the owner of Company-Owned Stores, or any other Person obligated at any time to make any payment pursuant to any Distribution Agreement to
make such payment to a Distribution Concentration Account or its related Lock-Box, (iii) DPL, as the owner of Company-Owned Stores, obligated at any time to make (A) any payment of Continuing
Franchise Fees pursuant to the Company- Owned Stores Master License Agreement to make such payment to the Collection Account, (B) any payment of Company-Owned Stores License Fees pursuant to the Company-Owned Stores

  
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Master License Agreement to make such payment to the IP Holder Concentration Account and (C) any payment of Company-Owned Store Advertising Fees pursuant to the Company-Owned Stores Master
License Agreement to make such payment to the DNAF Account and (iv) each Third-Party Licensee obligated at any time to make any payment pursuant to any Third-Party License Agreement to make such payment to a Royalties Concentration Account.

 (d)    Misdirected Collections. The Co-Issuers agree that if any
Collections shall be received by any Co-Issuer or any other Securitization Entity in an account other than a Concentration Account or the Collection Account or in any other manner, such monies, instruments,
cash and other proceeds will not be commingled by such Co-Issuer or such other Securitization Entity with any of their other funds or property, if any, but will be held separate and apart therefrom and shall
be held in trust by such Co-Issuer or such other Securitization Entity for, and, within one (1) Business Day of the identification of such payment, paid over to, the Trustee, with any necessary
endorsement. The Trustee shall withdraw from the Collection Account any monies on deposit therein that the Manager certifies to it and the Servicer are not Retained Collections and pay such amounts to or at the direction of the Manager. All monies,
instruments, cash and other proceeds received by the Trustee pursuant to the Indenture shall be immediately deposited in the Collection Account and shall be applied as provided in this Article V; provided, however, that
(A) for a period of six (6) months following the Closing Date, any Initial Franchise Fees, Continuing Franchise Fees or Other Franchise Fees received by the Overseas Franchisor shall not be required to be paid or deposited into a
Concentration Account or the Collection Account, as applicable, until five (5) Business Days after receipt thereof by the Overseas Franchisor and (B) with respect to any Initial Franchise Fees or any Other Franchise Fees received by any
other Domino’s Entity (in an account other than a Concentration Account or the Collection Account) during any Fiscal Period of the Securitization Entities, such Initial Franchise Fees and Other Franchise Fees shall not be required to be paid or
deposited into a Concentration Account or the Collection Account, as applicable, until ten (10) Business Days after the end of such Fiscal Period. 

Section 5.11 Application of Weekly Collections on Weekly Allocation Dates. On each Weekly Allocation Date (unless the Master
Issuer shall have failed to deliver on such Weekly Allocation Date the Weekly Manager’s Certificate relating to such Weekly Allocation Date, in which case the application of Weekly Collections relating to such Weekly Allocation Date shall occur
on the Business Day subsequent to the day on which such Weekly Manager’s Certificate is delivered), the amount on deposit in the Collection Account on such Weekly Allocation Date will be applied or allocated by the Trustee, based solely on the
information provided to it by the Manager (or, on and after the Springing Amendments Implementation Date, if delivered in accordance with the terms of the Related Documents, based solely on the information contained in the Omitted Payable Sums
Certification to the extent of the information contained therein), in the following order of priority (the “Priority of Payments”): 

(i)    first solely with respect to any funds on deposit in the Collection Account on such Weekly
Allocation Date consisting of Indemnification Payments or Real Estate Disposition Proceeds, to allocate Indemnification and Real Estate Proceeds Payment Amounts in the manner and order set forth in the definition thereof; 

  
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 (ii)    second, (A) to reimburse the
Trustee, and then, the Servicer, for any unreimbursed Advances (and accrued interest thereon at the Advance Interest Rate), then (B) to reimburse the Manager for any unreimbursed Manager Advances (and accrued
interest thereon at the Advance Interest Rate), and then (C) to pay the Servicer all Servicing Fees, Liquidation Fees and Workout Fees for such Weekly Allocation Date; 

(iii)    third, to pay Successor Manager Transition Expenses, if any; 

(iv)    fourth, to pay to the Manager an amount equal to the Weekly Management Fee for such
Weekly Allocation Date, plus the amount of PULSE Maintenance Fees and Technology Fees deposited into the Collection Account during the Weekly Collection Period preceding such Weekly Allocation Date; 

(v)    fifth, to pay (or retain to the extent payable to the Trustee) (A) to the Master Issuer
for payment of the Capped Securitization Operating Expenses Amount for such Weekly Allocation Date, to be disbursed pro rata based on the amount of each type of Securitization Operating Expenses payable on such Weekly Allocation Date
pursuant to this priority (v) and (B) so long as an Event of Default has occurred and is continuing, to the Trustee for payment of the Post-Default Capped Trustee Expenses Amount for such Weekly Allocation Date; 

(vi)    sixth, to allocate pro rata: (A) to the Senior Notes Interest Account, an amount
equal to the Senior Notes Accrued Quarterly Interest Amount for such Weekly Allocation Date, if any; and (B) to the Hedge Payment Account, the applicable amount of the accrued and unpaid Series Hedge Payment Amount, if any,
payable on or before the next Quarterly Payment Date to a Hedge Counterparty; provided, that the deposit to the Hedge Payment Account pursuant to this subclause (B) will exclude any termination payment payable on or before the
next Quarterly Payment Date to a Hedge Counterparty, if any; 
 (vii)    seventh, to allocate to
the Class A-1 Senior Notes Commitment Fees Account, the Class A-1 Senior Notes Accrued Quarterly Commitment Fee Amount for such
Weekly Allocation Date; 
 (viii)    eighth, to pay to each
Class A-1 Administrative Agent pursuant to the related Variable Funding Note Purchase Agreement for payment of the Capped Class A-1
Senior Notes Administrative Expenses Amount due under such Variable Funding Note Purchase Agreement for such Weekly Allocation Date pro rata based on the amounts owed under each such Variable Funding Note Purchase Agreement on such Weekly
Allocation Date pursuant to this priority (viii); 
 (ix)    ninth, to allocate to the
Senior Subordinated Notes Interest Account, an amount equal to the Senior Subordinated Notes Accrued Quarterly Interest Amount for such Weekly Allocation Date; 

(x)    tenth, to deposit into the Senior Notes Interest Reserve Account, an amount equal to the
Senior Notes Interest Reserve Account Deficit Amount on such Weekly Allocation Date with respect to each Class of Senior Notes in accordance with 

  
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the applicable Series Supplement; provided, however, that no amounts, with respect to any Series of Notes, will be deposited into the Senior Notes Interest Reserve Account pursuant
to this priority £x) on any Weekly Allocation Date that occurs during the Quarterly Collection Period immediately preceding the Series Legal Final Maturity Date relating to such Series of Notes; 

(xi)    eleventh, to deposit into the Senior Subordinated Notes Interest Reserve Account, an amount
equal to the Senior Subordinated Notes Interest Reserve Account Deficit Amount on such Weekly Allocation Date with respect to each Class of Senior Subordinated Notes in accordance with the applicable Series Supplement; provided,
however, that no amounts, with respect to any Series of Notes, will be deposited into the Senior Subordinated Notes Interest Reserve Account pursuant to this priority (xi) on any Weekly Allocation Date that occurs during the
Quarterly Collection Period immediately preceding the Series Legal Final Maturity Date relating to such Series of Notes; 

(xii)    twelfth, to allocate to the Senior Notes Principal Payments Account, an amount equal to the
sum of (A) the Senior Notes Accrued Scheduled Principal Payments Amount for such Weekly Allocation Date and (B) the Senior Notes Scheduled Principal Payments Deficiency Amount for such Weekly Allocation Date; 

(xiii)    thirteenth, to allocate to the Senior Notes Principal Payments Account an amount, if any,
equal to the lesser of (A) 25% of amounts available after application of clauses (i) through (xii) above on such Weekly Allocation Date and (B) the Senior Notes Scheduled Principal Catch-Up Amount outstanding on such Weekly Allocation Date; provided, that after the commencement of a Rapid Amortization Period, amounts shall be payable pursuant to this clause (xiii) only
(A) if the Quarterly Payment Date on which such Senior Notes Scheduled Principal Catch-Up Amount became payable occurred on or prior to the commencement of such Rapid Amortization Period and
(B) to the extent of the Senior Notes Scheduled Principal Catch-Up Amount that was outstanding at the commencement of such Rapid Amortization Period; 

(xiv)    fourteenth, to pay pro rata (A) to the Manager, an amount equal to the
Supplemental Management Fee, if any, for such Weekly Allocation Date and (B) to the Manager an amount equal to the Weekly Distribution Services Reimbursement Amount, if any; 

(xv)    fifteenth, so long as no Rapid Amortization Period is continuing, if a Class A-1 Senior Notes Amortization Event is continuing, to allocate to the Senior Notes Principal Payments Account all remaining funds on deposit in the Collection Account on such Weekly Allocation Date
until no principal amounts with respect to the Class A-1 Senior Notes are Outstanding; 

(xvi)    sixteenth, so long as no Rapid Amortization Period is continuing, and such Weekly
Allocation Date occurs during a Cash Trapping Period, to deposit into the Cash Trap Reserve Account, an amount equal to the Cash Trapping Amount, if any, on such Weekly Allocation Date; 

  
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 (xvii)    seventeenth, if such Weekly Allocation
Date occurs during a Rapid Amortization Period, to allocate to the Senior Notes Principal Payments Account all remaining funds on deposit in the Collection Account on such Weekly Allocation Date until no principal amounts with respect to the
Senior Notes are Outstanding; 
 (xviii)    eighteenth, to allocate to the Senior
Subordinated Notes Principal Payments Account an amount equal to the sum of (A) the Senior Subordinated Notes Accrued Scheduled Principal Payments Amount for such Weekly Allocation Date and (B) the Senior Subordinated Notes
Scheduled Principal Payments Deficiency Amount for such Weekly Allocation Date; 

(xix)    nineteenth, to allocate to the Senior Subordinated Notes Principal Payments Account an
amount equal to any Senior Subordinated Notes Scheduled Principal Catch-Up Amount outstanding on such Weekly Allocation Date, as specified in the applicable Series Supplement; 

(xx)    twentieth, if such Weekly Allocation Date occurs during a Rapid Amortization Period, to
allocate to the Senior Subordinated Notes Principal Payments Account, all remaining funds on deposit in the Collection Account on such Weekly Allocation Date until no principal amounts with respect to the Senior Subordinated Notes are
Outstanding; 
 (xxi)    twenty-first, to pay (or retain to the extent payable to the Trustee) to
the Master Issuer for payment of the Excess Securitization Operating Expenses Amount for such Weekly Allocation Date to be retained or disbursed pro rata based on the amount of each type of Securitization Operating Expenses payable on
such Weekly Allocation Date pursuant to this priority (xxi): 
 (xxii)    twenty-second, to
each Class A-1 Administrative Agent pursuant to the related Variable Funding Note Purchase Agreement for payment of the Excess
Class A-1 Senior Notes Administrative Expenses Amounts due under each Variable Funding Note Purchase Agreement for such Weekly Allocation Date pro rata based on amounts due
under each such Variable Funding Note Purchase Agreement on such Weekly Allocation Date pursuant to this priority (xxii): 

(xxiii)    twenty-third, to each Class A-1
Administrative Agent pursuant to the related Variable Funding Note Purchase Agreement for payment of Class A-1 Senior Notes Other Amounts due under such Variable Funding Note
Purchase Agreement for such Weekly Allocation Date pro rata based on amounts due under each such Variable Funding Note Purchase Agreement on such Weekly Allocation Date pursuant to this priority (xxiii): 

(xxiv)    twenty-fourth, to allocate to the Subordinated Notes Interest Account, the Subordinated
Notes Accrued Quarterly Interest Amount for such Weekly Allocation Date; 

  
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 (xxv)    twenty-fifth, to allocate to the
Subordinated Notes Principal Payments Account, the Subordinated Notes Accrued Scheduled Principal Payments Amount, if any, for such Weekly Allocation Date; 

(xxvi)    twenty-sixth, to allocate to the Subordinated Notes Principal Payments Account an amount
equal to any Subordinated Notes 
 (xxvii)    twenty-seventh, if such Weekly Allocation
Date occurs during a Rapid Amortization Period, to allocate to the Subordinated Notes Principal Payments Account, all remaining funds on deposit in the Collection Account on such Weekly Allocation Date until no principal amounts with respect
to the Subordinated Notes are Outstanding; 
 (xxviii)    twenty-eighth, to allocate to the
Senior Notes Post- ARD Contingent Interest Account, the Senior Notes Accrued Quarterly Post- ARD Contingent Interest Amount for such Weekly Allocation Date; 

(xxix)    twenty-ninth, to allocate to the Senior Subordinated Notes
Post-ARD Contingent Interest Account, the Senior Subordinated Notes Accrued Quarterly Post-ARD Contingent Interest Amount for such Weekly Allocation Date; 

(xxx)    thirtieth, to allocate to the Subordinated Notes Post- ARD Contingent Interest Account, the
Subordinated Notes Accrued Quarterly Post-ARD Contingent Interest Amount for such Weekly Allocation Date; 

(xxxi)    thirty-first, to deposit to the Hedge Payment Account, (A) any accrued and unpaid
Series Hedge Payment Amount that constitutes a termination payment payable to a Hedge Counterparty, if any, and (B) any other amount payable to a Hedge Counterparty, if any, pursuant to the related Series Hedge Agreement, in each
case pro rata to each Hedge Counterparty according to the amount due and payable to each of them; 

(xxxii)    thirty-second, to pay, as directed by the Manager in accordance with the Management
Agreement, the Environmental Remediation Expenses Amount, if any, for such Weekly Allocation Date; 

(xxxiii)    thirty-third, to allocate to the Senior Notes Principal Payments Account, an amount
equal to any unpaid premiums and make-whole prepayment premiums with respect to Senior Notes; 

(xxxiv)    thirty-fourth, to allocate to the Senior Subordinated Notes Principal Payments Account,
an amount equal to any unpaid premiums and make-whole prepayment premiums with respect to Senior Subordinated Notes; 

(xxxv)    thirty-fifth, to allocate to the Subordinated Notes Principal Payments Account, an amount
equal to any unpaid premiums and make-whole prepayment premiums with respect to Subordinated Notes; 

  
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 (xxxvi)    thirty-sixth, to pay to the Manager an
amount equal to the Weekly Equipment Purchasing Reimbursement Amount; 

(xxxvii)    thirty-seventh, at the direction of the Manager acting on behalf of the Master Issuer,
to deposit to the Lease Concentration Account, the Equipment Holder Concentration Account and the Real Estate Holder Concentration Account, the amounts, if any, required to cause the amount on deposit in such accounts to equal the Lease
Concentration Account Minimum Balance, the Equipment Holder Concentration Account Minimum Balance and the Real Estate Holder Concentration Account Minimum Balance, respectively, pro rata according to the amounts required to achieve such
account balances; and 
 (xxxviii)    thirty-eighth, to pay to, or at the written direction of,
the Master Issuer, the Residual Amount for such Weekly Allocation Date. The recipient of the Residual Amount may use such funds in its sole discretion. 

Section 5.12 Quarterly Payment Date Applications. 

(a)    Senior Notes Interest Account and Hedge Payment Account. On each Accounting Date, the Master Issuer shall
instruct the Trustee in writing to withdraw on the following Quarterly Payment Date: (i) the funds allocated to the Senior Notes Interest Account on each Weekly Allocation Date with respect to the immediately preceding Quarterly Collection
Period (or, to the extent necessary to cover any Class A-1 Senior Notes Interest Adjustment Amount, the then-current Quarterly Collection Period) to be paid to the Senior Notes from the Collection
Account, up to the amount of Senior Notes Quarterly Interest accrued and unpaid with respect to the Senior Notes, sequentially in order of alphanumerical designation and pro rata among each Class of Senior Notes of the same
alphanumerical designation based upon the amount of Senior Notes Quarterly Interest payable with respect to each such Class, and deposit such funds into the applicable Series Distribution Accounts, (ii) the funds allocated to the Hedge Payment
Account on each Weekly Allocation Date with respect to the immediately preceding Quarterly Collection Period to be paid to the Hedge Counterparties (excluding any termination payments), up to the amount needed to pay the aggregate amount of Series
Hedge Payment Amounts, if any, due and payable on or before such Quarterly Payment Date to the Hedge Counterparties, pro rata among each Hedge Counterparty based upon the Series Hedge Payment Amounts payable with respect to each such Hedge
Counterparty, and (iii) if the amount of funds allocated to the Senior Notes Interest Account pursuant to the immediately preceding clause (i) is less than the Senior Notes Aggregate Quarterly Interest for the Interest Period with
respect to each Class of Senior Notes ending most recently prior to such Quarterly Payment Date, or if the amount of funds allocated to the Hedge Payment Account pursuant to the immediately preceding clause (ii) is less than the
aggregate Series Hedge Payment Amount due and payable on or before such Quarterly Payment Date, an amount equal to the lesser of (A) such insufficiencies and (B) the sum of the Senior Notes Available Reserve Account Amount plus the
amount in the Hedge Payment Account plus the Available Administrative Account Amount from first, the Subordinated Notes Post-ARD Contingent Interest Account, second, the Senior
Subordinated Notes Post-ARD Contingent Interest Account, third, the Senior Notes Post-ARD Contingent Interest Account, fourth, the Subordinated Notes
Principal Payments Account, fifth, the Subordinated Notes Interest Account, sixth, the Senior Subordinated Notes Principal Payments 

  
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Account, seventh, the Cash Trap Reserve Account, eighth, the Senior Notes Principal Payments Account, ninth, the Senior Notes Interest Reserve Account, tenth, the
Senior Subordinated Notes Interest Account, and eleventh, the Class A-1 Senior Notes Commitment Fees Account, to be paid pro rata, based on the amount of Senior Notes Quarterly Interest
payable on the Senior Notes and the aggregate Series Hedge Payment Amount (excluding termination payments) due and payable on or before such Quarterly Payment Date, to (1) the Senior Notes up to the amount of Senior Notes Quarterly Interest
accrued and unpaid with respect to the Senior Notes, sequentially in order of alphanumerical designation and pro rata among each Class of Senior Notes of the same alphanumerical designation based upon the amount of Senior Notes Quarterly
Interest payable on each such Class, and deposit such funds into the applicable Series Distribution Accounts, and (2) each applicable Hedge Counterparty based upon the amount of the Series Hedge Payment Amounts (excluding termination payments)
due and payable to each such Hedge Counterparty. 
 (b)    Senior Notes Interest Shortfall Amount. On each
Accounting Date, the Master Issuer shall determine the excess, if any (the “Senior Notes Interest Shortfall Amount”), of (i) Senior Notes Aggregate Quarterly Interest for the Interest Period for each Class of Senior
Notes ending most recently prior to the next succeeding Quarterly Payment Date over (ii) the amount that will be available to make payments of interest on the Senior Notes in accordance with Section 5.12(a) on
such Quarterly Payment Date. 
 (c)    Debt Service Advances. If the Senior Notes Interest Shortfall Amount, as
determined on any Accounting Date pursuant to Section 5.12(b) is greater than zero, in accordance with the terms and conditions of the Servicing Agreement, by 3:00 p.m. (New York City time) on the Business Day preceding
such Quarterly Payment Date, the Servicer shall make a Debt Service Advance in such amount unless the Servicer notifies the Master Issuer, the Manager, the Back-Up Manager and the Trustee by such time that it
has determined in accordance with the Servicing Standard that such Debt Service Advance (and interest thereon) is a Nonrecoverable Advance (or, on and after the Springing Amendments Implementation Date, an Advance Suspension Period is in effect). If
the Servicer fails to make such Debt Service Advance (unless the Servicer has determined in accordance with the Servicing Standard that such Debt Service Advance (and interest thereon) would be a Nonrecoverable Advance (or, on and after the
Springing Amendments Implementation Date, an Advance Suspension Period is in effect), pursuant to Section 10.1(1), the Trustee shall make the Debt Service Advance unless it determines that such Debt Service Advance (and
interest thereon) is a Nonrecoverable Advance (or, on and after the Springing Amendments Implementation Date, an Advance Suspension Period is in effect). In determining whether any Debt Service Advance (and interest thereon) is a Nonrecoverable
Advance, the Trustee may conclusively rely on the determination of the Servicer. All Debt Service Advances shall be deposited into the Senior Notes Interest Account. If, after giving effect to all Debt Service Advances made with respect to any
Quarterly Payment Date, the Senior Notes Interest Shortfall Amount with respect to such Quarterly Payment Date remains greater than zero, the payment of the Senior Notes Aggregate Quarterly Interest as reduced by such Senior Notes Interest Shortfall
Amount to be distributed on such Quarterly Payment Date to the Senior Notes shall be paid to the Senior Notes, sequentially in order of alphanumerical designation and pro rata among each Class of Senior Notes of the same alphanumerical
designation based upon the amount of Senior Notes Quarterly Interest payable with respect to each such Class; provided that such reduction shall not be deemed to be a waiver 

  
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of any default caused by the existence of such Senior Notes Interest Shortfall Amount. An additional amount of interest (“Additional Senior Notes Interest Shortfall Interest”)
shall accrue on the Senior Notes Interest Shortfall Amount for each subsequent Interest Period at the applicable Note Rate until the Senior Notes Interest Shortfall Amount is paid in full. 

(d)    Class A-1 Senior Notes Commitment Fees Account. On each
Accounting Date, the Master Issuer shall instruct the Trustee in writing to withdraw on the following Quarterly Payment Date: (i) the funds allocated to the Class A-1 Senior Notes Commitment Fees
Account on each Weekly Allocation Date with respect to the immediately preceding Quarterly Collection Period (or, to the extent necessary to cover any Class A-1 Senior Notes Commitment Fee Adjustment
Amount, the then-current Quarterly Collection Period) to be paid to the Class A-1 Senior Notes from the Collection Account, up to the amount of the Class A-1
Senior Notes Quarterly Commitment Fees accrued and unpaid with respect to the Class A-1 Senior Notes, pro rata among each Class of Class A-1 Senior
Notes based upon the amount of Class A-1 Senior Notes Quarterly Commitment Fees payable with respect to each such Class, and deposit such funds into the applicable Series Distribution Accounts and
(ii) if the amount of funds allocated to the Class A-1 Senior Notes Commitment Fees Account on each Weekly Allocation Date with respect to the immediately preceding Quarterly Collection Period is
less than Class A-1 Senior Notes Aggregate Quarterly Commitment Fees for the Interest Period ending most recently prior to such Quarterly Payment Date, an amount equal to the lesser of (A) such
insufficiency and (B) the Senior Notes Available Reserve Account Amount plus the Available Administrative Account Amount (in each case, after giving effect to any payments of higher priority to be made as of such Quarterly Payment Date
from any Collection Account Administrative Account, the Senior Notes Interest Reserve Account and/or the Cash Trap Reserve Account pursuant to Section 5.12(a)(iii)) from first, the Subordinated Notes Post-ARD Contingent Interest Account, second, the Senior Subordinated Notes Post-ARD Contingent Interest Account, third, the Senior Notes Post-ARD Contingent Interest Account, fourth, the Subordinated Notes Principal Payments Account, fifth, the Subordinated Notes Interest Account, sixth, the Senior Subordinated Notes Principal
Payments Account, seventh, the Cash Trap Reserve Account, eighth, the Senior Notes Principal Payments Account, ninth, the Senior Notes Interest Reserve Account, and tenth, the Senior Subordinated Notes Interest Account,
to be paid to the Class A-1 Senior Notes up to the amount of Class A-1 Senior Notes Quarterly Commitment Fees accrued and unpaid with respect to the Class A-1 Senior Notes, pro rata among each Class of Class A-1 Senior Notes based upon the amount of
Class A-1 Senior Notes Quarterly Commitment Fees payable with respect to each such Class, and deposit such funds into the applicable Series Distribution Accounts. 

(e)    Class A-1 Senior Notes Commitment Fees Shortfall Amount. On
each Accounting Date, the Master Issuer shall determine the excess, if any (the “Class A-1 Senior Notes Commitment Fees Shortfall Amount”), of (i) Class A-1 Senior Notes Aggregate Quarterly Commitment Fees for the Interest Period ending most recently prior to the next succeeding Quarterly Payment Date over (ii) the amount that shall
be available to make payments on the Class A-1 Senior Notes in accordance with Section 5.12(d) on such Quarterly Payment Date. If the
Class A-1 Senior Notes Commitment Fees Shortfall Amount with respect to any Quarterly Payment Date is greater than zero, the payment of the Class A-1 Senior
Notes Aggregate Quarterly Commitment Fees as reduced by the Class A-1 Senior Notes Commitment Fees Shortfall Amount to be distributed on such Quarterly Payment Date to the
Class A-1 Senior Notes shall be paid to the Class A-1 Senior Notes, pro rata among each Class of
Class A-1 

  
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Senior Notes based upon the amount of Class A-1 Senior Notes Quarterly Commitment Fees payable with respect to each such Class; provided that
such reduction shall not be deemed to be a waiver of any default caused by the existence of such Class A-1 Senior Notes Commitment Fees Shortfall Amount. An additional amount of interest
(“Additional Class A-1 Senior Notes Commitment Fees Shortfall Interest”) shall accrue on the Class A-1 Senior
Notes Commitment Fees Shortfall Amount for each subsequent Interest Period at the applicable Note Rate until the Class A-1 Senior Notes Commitment Fees Shortfall Amount is paid in full. 

(f)    Senior Subordinated Notes Interest Account. On each Accounting Date, the Master Issuer shall instruct the
Trustee in writing to withdraw on the following Quarterly Payment Date: (i) the funds allocated to the Senior Subordinated Notes Interest Account on each Weekly Allocation Date with respect to the immediately preceding Quarterly Collection
Period to be paid to each Class of Senior Subordinated Notes from the Collection Account, up to the amount of Senior Subordinated Notes Quarterly Interest accrued and unpaid with respect to each such Class of Senior Subordinated Notes,
sequentially in order of alphanumerical designation and pro rata among each Class of Senior Subordinated Notes of the same alphanumerical designation based upon the amount of Senior Subordinated Notes Quarterly Interest payable with
respect to each such Class, and deposit such funds into the applicable Series Distribution Accounts, and (ii) if the amount of funds allocated to the Senior Subordinated Notes Interest Account on each Weekly Allocation Date with respect to the
immediately preceding Quarterly Collection Period pursuant to the immediately preceding clause (i) is less than the Senior Subordinated Notes Aggregate Quarterly Interest for the Interest Period with respect to each Class of Senior
Subordinated Notes ending most recently prior to such Quarterly Payment Date and no Senior Notes are Outstanding, an amount equal to the lesser of (A) such insufficiency and (B) the sum of the Senior Subordinated Notes Available Reserve
Account Amount plus the Available Administrative Account Amount (in each case, after giving effect to any payments of higher priority to be made as of such Quarterly Payment Date from any Collection Account Administrative Account, the Senior
Subordinated Notes Interest Reserve Account and the Cash Trap Reserve Account pursuant to Section 5.12(a)(iii) and Section 5.12(d)(ii)) from first, the Subordinated Notes Post-ARD Contingent Interest Account, second, the Senior Subordinated Notes Post-ARD Contingent Interest Account, third, the Senior Notes Post-ARD Contingent Interest Account, fourth, the Subordinated Notes Principal Payments Account, fifth, the Subordinated Notes Interest Account, sixth, the Senior Subordinated Notes Principal
Payments Account, seventh, the Cash Trap Reserve Account, eighth, the Senior Notes Principal Payments Account, and ninth, the Senior Subordinated Notes Interest Reserve Account, to be paid to each Class of Senior
Subordinated Notes up to the amount of Senior Subordinated Notes Quarterly Interest accrued and unpaid with respect to each such Class of Senior Subordinated Notes, sequentially in order of alphanumerical designation and pro rata among
each Class of Senior Subordinated Notes of the same alphanumerical designation based upon the amount of Senior Subordinated Notes Quarterly Interest payable on each such Class, and deposit such funds into the applicable Series Distribution
Accounts. 
 (g)    Senior Notes Principal Payments Account. On each Accounting Date, the Master Issuer shall
instruct the Trustee in writing to withdraw on the following Quarterly Payment Date: (i) the funds allocated to the Senior Notes Principal Payments Account on each Weekly Allocation Date with respect to the immediately preceding Quarterly
Collection Period (A) to be paid to each applicable Class of Senior Notes from the Collection Account up to the 

  
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aggregate amount of the Senior Notes Aggregate Scheduled Principal Payments and amounts distributed to such administrative account pursuant to clauses (xiii), (xv), (xvii)
and (xxxiii) of the Priority of Payments owed to each such Class of Senior Notes, sequentially in order of alphanumerical designation and pro rata among each such Class of Senior Notes of the same alphanumerical
designation based upon the Outstanding Principal Amount of the Senior Notes of such Class; provided that no Senior Notes Scheduled Principal Payments shall be made in respect of any Series of Senior Notes subsequent to the occurrence of any
Rapid Amortization Event set forth in clause (e) of the definition of Rapid Amortization Event, (B) to be paid to each applicable Class of Senior Notes from the Collection Account up to the aggregate amount of Indemnification Payments
and Real Estate Disposition Proceeds owed to each such Class of Senior Notes in the following order: first, if a Class A-1 Senior Notes Amortization Period is in effect, to prepay and
permanently reduce the Commitments under all Class A-1 Senior Notes on a pro rata basis; second, to prepay the Outstanding Principal Amount of all Senior Notes of all Series other than Class A-1 Senior Notes sequentially in order of alphanumerical designation and pro rata among each such Class of Senior Notes of the same alphanumerical designation based on the Outstanding
Principal Amount of the Senior Notes of such Class; and third, provided clause first does not apply, to prepay and permanently reduce the Commitments under all Class A-1 Senior Notes of all Series
on a pro rata basis based on Commitment Amounts and deposit such funds into the applicable Series Distribution Accounts; and (C) if any funds were allocated to the Senior Notes Principal Payments Account on any Weekly Allocation Date
with respect to the immediately preceding Quarterly Collection Period, but are not due and payable on the Quarterly Payment Date following such Accounting Date because the applicable Series Non-Amortization
Test is satisfied as of the applicable date of determination, and to the extent such funds are available after application of funds pursuant to subclause (A) and after giving effect to any payment of higher priority to be made as of such
Quarterly Payment Date from any Collection Account Administrative Account pursuant to Sections 5.12(a)(iii), 5.12(d)(ii) and 5.12(f)(ii), to be re-allocated in accordance with clauses (xiii) through
(xxxviii) of the Priority of Payments, in each case, as though such Accounting Date was a Weekly Allocation Date and such funds were on deposit in the Collection Account, in the priorities set forth in such clauses and to the extent of amounts due
and payable pursuant to such clauses on the following Quarterly Payment Date after giving effect to other funds already allocated therefor; (ii) if the aggregate amount of funds allocated to the Senior Notes Principal Payments Account on each
Weekly Allocation Date with respect to the immediately preceding Quarterly Collection Period is less than the Senior Notes Aggregate Scheduled Principal Payments owed to each applicable Class of Senior Notes on such Quarterly Payment Date
and/or the amount of funds allocated to the Senior Notes Principal Payments Account on each Weekly Allocation Date with respect to the immediately preceding Quarterly Collection Period is less than the Indemnification Payments and Real Estate
Disposition Proceeds due on such Quarterly Payment Date with respect to each applicable Class of Senior Notes, an amount equal to the lesser of (A) any such insufficiency and (B) the Available Administrative Account Amount (after
giving effect to any payments of higher priority to be made as of such Quarterly Payment Date from any Collection Account Administrative Account pursuant to Sections 5.12(a)(iii), 5.12(d)(ii) or 5.12(f)(ii) from first,
the Subordinated Notes Post-ARD Contingent Interest Account, second, the Senior Subordinated Notes Post-ARD Contingent Interest Account, third, the Senior
Notes Post-ARD Contingent Interest Account, fourth, the Subordinated Notes Principal Payments Account, fifth, the Subordinated Notes Interest Account, and sixth, the Senior Subordinated
Notes Principal 

  
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Payments Account, to be paid to each applicable Class of Senior Notes up to the amount of unpaid Senior Notes Scheduled Principal Payments, Indemnification Payments and/or Real Estate
Disposition Proceeds, as the case may be, in the applicable order set forth in clause (i) above, and deposit such funds into the applicable Series Distribution Accounts; (iii) if a Rapid Amortization Event has occurred and is
continuing or shall occur on such Quarterly Payment Date and any amounts are on deposit in the Subordinated Notes Post-ARD Contingent Interest Account, Senior Subordinated Notes
Post-ARD Contingent Interest Account, Senior Notes Post-ARD Contingent Interest Account, the Subordinated Notes Principal Payments Account, the Subordinated Notes
Interest Account or the Senior Subordinated Notes Principal Payments Account on such Accounting Date, an amount equal to all amounts on deposit in such Collection Account Administrative Accounts (after giving effect to any payments of higher
priority to be made as of such Quarterly Payment Date from any Collection Account Administrative Account pursuant to this Section 5.12) to be paid to each Class of Senior Notes, in the applicable order set forth in
clause (i) above, and deposit such funds into the applicable Series Distribution Accounts; and (iv) so long as no Rapid Amortization Period is continuing, if a Class A-1 Senior Notes
Amortization Event is continuing, after giving effect to the payments described in clauses (i) through (iii) above, amounts on deposit in the Cash Trap Reserve Account to the extent necessary to pay the principal amounts of the Class A-1 Senior Notes until no principal amounts with respect to the Class A-1 Senior Notes are Outstanding, to be deposited to the Senior Notes Principal Payments
Account and paid to the holders of the Class A-1 Senior Notes, pro rata according to principal amounts Outstanding. 

(h)    Senior Subordinated Notes Interest Shortfall Amount. On each Accounting Date, the Master Issuer shall
determine the excess, if any (the “Senior Subordinated Notes Interest Shortfall Amount”), of (i) Senior Subordinated Notes Aggregate Quarterly Interest for the Interest Period for each Class of Senior Subordinated
Notes ending most recently prior to the next succeeding Quarterly Payment Date over (ii) the amount that shall be available to make payments on the Senior Subordinated Notes on such Quarterly Payment Date in accordance with
Section 5.12(f) above. If the Senior Subordinated Notes Interest Shortfall Amount with respect to any Quarterly Payment Date is greater than zero, payments of Senior Subordinated Notes Aggregate Quarterly Interest as
reduced by the Senior Subordinated Notes Interest Shortfall Amount to be distributed on such Quarterly Payment Date to the Senior Subordinated Notes shall be paid to each Class of Senior Subordinated Notes, sequentially in order of
alphanumerical designation and pro rata among each Class of Senior Subordinated Notes of the same alphanumerical designation based upon the amount of Senior Subordinated Notes Quarterly Interest payable with respect to each such Class;
provided, that such reduction shall not be deemed to be a waiver of any default caused by the existence of such Senior Subordinated Notes Interest Shortfall Amount. An additional amount of interest (“Additional Senior Subordinated
Notes Interest Shortfall Interest”) shall accrue on the Senior Subordinated Notes Interest Shortfall Amount for each subsequent Interest Period at the applicable Note Rate until the Senior Subordinated Notes Interest Shortfall Amount is
paid in full. 
 (i)    Senior Subordinated Notes Principal Payments Account. On each Accounting Date, the Master
Issuer shall instruct the Trustee in writing to withdraw on the following Quarterly Payment Date: (i) the funds allocated to the Senior Subordinated Notes Principal Payments Account on each Weekly Allocation Date with respect to the immediately
preceding Quarterly Collection Period (A) to be paid to each applicable Class of Senior 

  
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Subordinated Notes from the Collection Account up to the amount of the Senior Subordinated Notes Scheduled Principal Payments and amounts distributed to such administrative account pursuant to
clauses (xix), (xx) and (xxxiv) of the Priority of Payments owed to each such Class of Senior Subordinated Notes, sequentially in order of alphanumerical designation and pro rata among each such Class of
Senior Subordinated Notes of the same alphanumerical designation based upon the Outstanding Principal Amount of the Senior Subordinated Notes of such Class; provided that no Senior Subordinated Notes Scheduled Principal Payments shall be made
in respect of any Series of Senior Subordinated Notes subsequent to the occurrence of any Rapid Amortization Event set forth in clause (e) of the definition of Rapid Amortization Event, (B) to be paid (so long as no Senior Notes are
Outstanding) to each applicable Class of Senior Subordinated Notes from the Collection Account up to the aggregate amount of Indemnification Payments and Real Estate Disposition Proceeds owed to each such Class of Senior Subordinated
Notes, sequentially in order of alphabetical designation and pro rata among each Class of Senior Subordinated Notes of the same alphabetical designation based upon the Outstanding Principal Amount of each such Class, and deposit such
funds into the applicable Series Distribution Accounts, and (C) if any funds were allocated to the Senior Subordinated Notes Principal Payments Account on any Weekly Allocation Date with respect to the immediately preceding Quarterly Collection
Period, but are not due and payable on the Quarterly Payment Date following such Accounting Date because the applicable Series Non-Amortization Test is satisfied as of the applicable date of determination, and
to the extent such funds are available after application of funds pursuant to subclause (A) and after giving effect to any payment of higher priority to be made as of such Quarterly Payment Date from any Collection Account Administrative
Account pursuant to Sections 5.12(a)(iii), 5.12(d)(ii) 5.12(f)(ii), and 5.12(g)(ii) to be re-allocated in accordance with clauses (xix) through (xxxviii) of the
Priority of Payments, in each case, as though such Accounting Date was a Weekly Allocation Date and such funds were on deposit in the Collection Account, in the priorities set forth in such clauses and to the extent of amounts due and payable
pursuant to such clauses on the following Quarterly Payment Date after giving effect to other funds already allocated therefor (including amounts re-allocated pursuant to
Section 5.12(g)(1)(C); (ii) if the aggregate amount of funds allocated to the Senior Subordinated Notes Principal Payments Account on each Weekly Allocation Date with respect to the immediately preceding Quarterly
Collection Period is less than the Senior Subordinated Notes Aggregate Scheduled Principal Payments owed to each applicable Class of Senior Subordinated Notes on such Quarterly Payment Date and/or the amount of funds allocated to the Senior
Subordinated Notes Principal Payments Account on each Weekly Allocation Date with respect to the immediately preceding Quarterly Collection Period is less than the Indemnification Payments and Real Estate Disposition Proceeds due on such Quarterly
Payment Date with respect to each applicable Class of Senior Subordinated Notes, an amount equal to the lesser of (A) any such insufficiency and (B) the Available Administrative Account Amount (after giving effect to any payments of
higher priority to be made as of such Quarterly Payment Date from any Collection Account Administrative Account pursuant to Sections 5.12(a)(iii), 5.12(d)(ii), 5.12(f)(ii) or 5.12(g)(ii)) from first the
Subordinated Notes Post-ARD Contingent Interest Account, second, the Senior Subordinated Notes Post-ARD Contingent Interest Account, third, the Senior
Notes Post-ARD Contingent Interest Account, fourth, the Subordinated Notes Principal Payments Account, and fifth, the Subordinated Notes Interest Account, to be paid to each applicable
Class of Senior Subordinated Notes up to the amount of unpaid Senior Subordinated Notes Scheduled Principal Payments and/or Indemnification Payments and/or Real 

  
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Estate Disposition Proceeds, as the case may be, in the applicable order set forth in clause (i) above, and deposit such funds into the applicable Series Distribution Accounts, and
(iii) if a Rapid Amortization Event has occurred and is continuing or shall occur on such Quarterly Payment Date and any amounts are on deposit in the Subordinated Notes Post-ARD Contingent Interest
Account, Senior Subordinated Notes Post-ARD Contingent Interest Account, Senior Notes Post-ARD Contingent Interest Account, the Subordinated Notes Principal Payments
Account or the Subordinated Notes Interest Account on such Accounting Date, an amount equal to all amounts on deposit in such Collection Account Administrative Accounts (after giving effect to any payments of higher priority to be made as of such
Quarterly Payment Date from any Collection Account Administrative Account pursuant to this Section 5.12) to be paid to each Class of Senior Subordinated Notes, in the applicable order set forth in clause
(i) above, and deposit such funds into the applicable Series Distribution Accounts. 
 (j)    Subordinated
Notes Interest Account. On each Accounting Date, the Master Issuer shall instruct the Trustee in writing to withdraw on the following Quarterly Payment Date: (i) the funds allocated to the Subordinated Notes Interest Account on each Weekly
Allocation Date with respect to the immediately preceding Quarterly Collection Period to be paid to each Class of Subordinated Notes from the Collection Account, up to the amount of Subordinated Notes Quarterly Interest accrued and unpaid with
respect to each such Class of Subordinated Notes, sequentially in order of alphanumerical designation and pro rata among each Class of Subordinated Notes of the same alphanumerical designation based upon the amount of Subordinated
Notes Quarterly Interest payable on each such Class, and deposit such funds into the applicable Series Distribution Accounts and (ii) if the amount of funds allocated to the Subordinated Notes Interest Account on each Weekly Allocation Date
with respect to the immediately preceding Quarterly Collection Period pursuant to the immediately preceding clause (i) is less than Subordinated Notes Aggregate Quarterly Interest for the Interest Period ending most recently prior to
such Quarterly Payment Date and no Senior Notes or Senior Subordinated Notes are Outstanding, an amount equal to the lesser of (A) such insufficiency and (B) the Available Administrative Account Amount (after giving effect to any payments
of higher priority to be made as of such Quarterly Payment Date from any Collection Account Administrative Account pursuant to Sections 5.12(a)(iii), 5.12(d)(ii), 5.12(f)(ii), 5.12(g)(ii) or 5.12(i)(ii) from
first the Subordinated Notes Post-ARD Contingent Interest Account, second, the Senior Subordinated Notes Post-ARD Contingent Interest Account,
third, the Senior Notes Post-ARD Contingent Interest Account, and fourth, the Subordinated Notes Principal Payments Account, to be paid to each Class of Subordinated Notes up to the amount
of Subordinated Notes Quarterly Interest accrued and unpaid with respect to each such Class of Subordinated Notes, sequentially in order of alphanumerical designation and pro rata among each Class of Subordinated Notes of the same
alphanumerical designation based upon the amount of Subordinated Notes Quarterly Interest payable on each such Class, and deposit such funds into the applicable Series Distribution Accounts. 

(k)    Subordinated Notes Interest Shortfall Amount. On each Accounting Date, the Master Issuer shall determine the
excess, if any (the “Subordinated Notes Interest Shortfall Amount”), of (i) Subordinated Notes Aggregate Quarterly Interest for the Interest Period ending most recently prior to the next succeeding Quarterly Payment Date
over (ii) the amount that shall be available to make payments on the Subordinated Notes in accordance with Section 5.12(j) on such Quarterly Payment Date. If the Subordinated Notes Interest Shortfall Amount with
respect 

  
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to any Quarterly Payment Date is greater than zero, payments of Subordinated Notes Aggregate Quarterly Interest as reduced by the Subordinated Notes Interest Shortfall Amount to be distributed on
such Quarterly Payment Date to the Subordinated Notes shall be paid to each Class of Subordinated Notes, sequentially in order of alphanumerical designation and pro rata among each Class of Subordinated Notes of the same
alphanumerical designation based upon the amount of Subordinated Notes Quarterly Interest payable with respect to each such Class. An additional amount of interest (“Additional Subordinated Notes Interest Shortfall Interest”)
shall accrue on the Subordinated Notes Interest Shortfall Amount for each subsequent Interest Period at the applicable Note Rate until the Subordinated Notes Interest Shortfall Amount is paid in full. 

(l)    Subordinated Notes Principal Payments Account. On each Accounting Date, the Master Issuer shall instruct the
Trustee in writing to withdraw on the following Quarterly Payment Date: (i) the funds allocated to the Subordinated Notes Principal Payments Account on each Weekly Allocation Date with respect to the immediately preceding Quarterly Collection
Period (A) to be paid to each applicable Class of Subordinated Notes from the Collection Account up to the amount of Subordinated Notes Scheduled Principal Payments and amounts distributed to such administrative account pursuant to
clauses (xxvi), (xxvii) and (xxxv) of the Priority of Payments owed to each such Class of Subordinated Notes, sequentially in order of alphanumerical designation and pro rata among each such Class of
Subordinated Notes of the same alphanumerical designation based upon the Outstanding Principal Amount of such Class; provided, that no Subordinated Notes Scheduled Principal Payments shall be made in respect of any Series of Subordinated
Notes subsequent to the occurrence of any Rapid Amortization Event set forth in clause (e) of the definition thereof; (B) to be paid (so long as no Senior Notes or Senior Subordinated Notes are Outstanding) to each applicable Class of
Subordinated Notes from the Collection Account up to the aggregate amount of Indemnification Payments and Real Estate Disposition Proceeds owed to each such Class of Subordinated Notes, sequentially in order of alphabetical designation and
pro rata among each Class of Subordinated Notes of the same alphabetical designation based upon the Outstanding Principal Amount of each such Class, and (C) if any funds were allocated to the Subordinated Notes Principal Payments
Account on any Weekly Allocation Date with respect to the immediately preceding Quarterly Collection Period, but are not due and payable on the Quarterly Payment Date following such Accounting Date because the applicable Series Non-Amortization Test is satisfied as of the applicable date of determination, and to the extent such funds are available after application of funds pursuant to subclause (A) and after giving effect to any
payment of higher priority to be made as of such Quarterly Payment Date from any Collection Account Administrative Account pursuant to Sections 5.12(a)(iii), 5.12(d)(ii) 5.12(f)(ii), 5.12(g)(ii), 5.12(i)(ii), and
5.12(j)(ii) to be re-allocated in accordance with clauses (xvi) through (xxxviii) of the Priority of Payments, in each case, as though such Accounting Date was a Weekly Allocation
Date and such funds were on deposit in the Collection Account, in the priorities set forth in such clauses and to the extent of amounts due and payable pursuant to such clauses on the following Quarterly Payment Date after giving effect to other
funds already allocated therefor (including amounts re-allocated pursuant to Section 5.12(g)(1)(C) and Section 5.12(i)(1)(C); (ii) if the aggregate amount of
funds allocated to the Subordinated Notes Principal Payments Account on each Weekly Allocation Date with respect to the immediately preceding Quarterly Collection Period is less than the Subordinated Notes Scheduled Principal Payments owed for the
Interest Period ending most recently prior to such Quarterly Payment Date and/or the amount of funds allocated to the Subordinated Notes Principal Payments Account on each Weekly Allocation Date with respect to the immediately

  
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preceding Quarterly Collection Period is less than the Indemnification Payments and Real Estate Disposition Proceeds due on such Quarterly Payment Date with respect to the Subordinated Notes, an
amount equal to the lesser of (A) any such insufficiency and (B) the Available Administrative Account Amount (after giving effect to any payments of higher priority to be made as of such Quarterly Payment Date from any Collection Account
Administrative Account pursuant to Sections 5.12(a)(iii), 5.12(d(ii), 5.12(f)(ii), 5.12(g)(ii), 5.12(i)(ii) or 5.12(j)(ii) from first, the Subordinated Notes
Post-ARD Contingent Interest Account, second, the Senior Subordinated Notes Post-ARD Contingent Interest Account, and third, the Senior Notes Post-ARD Contingent Interest Account, to be paid to each applicable Class of Subordinated Notes up to the amount of unpaid Subordinated Notes Scheduled Principal Payments and/or Indemnification Payments and/or
Real Estate Disposition Proceeds, as the case may be, in the applicable order set forth in clause (i) above, and deposit such funds into the applicable Series Distribution Accounts, and (iii) if a Rapid Amortization Event has
occurred and is continuing or shall occur on such Quarterly Payment Date and any amounts are on deposit in the Senior Notes Post-ARD Contingent Interest Account, the Senior Subordinated Notes Post-ARD Contingent Interest Account or the Subordinated Notes Post-ARD Contingent Interest Account on such Accounting Date, an amount equal to all amounts on deposit in such
Collection Account Administrative Accounts (after giving effect to any payments of higher priority to be made as of such Quarterly Payment Date from any Collection Account Administrative Account pursuant to this
Section 5.12) to be paid to each Class of Subordinated Notes, in the applicable order set forth in clause (i) above, and deposit such funds into the applicable Series Distribution Accounts. 

(m)    Senior Notes Post-ARD Contingent Interest Account. On each
Accounting Date, the Master Issuer shall instruct the Trustee in writing to withdraw on the following Quarterly Payment Date: (i) the funds allocated to the Senior Notes Post-ARD Contingent Interest
Account on each Weekly Allocation Date with respect to the immediately preceding Quarterly Collection Period to be paid to each applicable Class of Senior Notes from the Collection Account up to the amount of Senior Notes Quarterly Post-ARD Contingent Interest distributed to such administrative account owed to each such Class of Senior Notes, sequentially in order of alphanumerical designation and pro rata among each such
Class of Senior Notes of the same alphanumerical designation based upon the amount of Senior Notes Quarterly Post-ARD Contingent Interest payable on each such Class, and deposit such funds into the
applicable Series Distribution Accounts and (ii) if the amount of funds allocated to the Senior Notes Post-ARD Contingent Interest Account on each Weekly Allocation Date with respect to the immediately
preceding Quarterly Collection Period pursuant to the immediately preceding clause (i) is less than the amount of Senior Notes Quarterly Post-ARD Contingent Interest owed to each such Class of
Senior Notes for the Interest Period ending most recently prior to such Quarterly Payment Date, an amount equal to the lesser of (A) such insufficiency and (B) the Available Administrative Account Amount (after giving effect to any
payments of higher priority to be made as of such Quarterly Payment Date from any Collection Account Administrative Account pursuant to Sections 5.12(a)(iii), 5.12(d)(ii), 5.12(f)(ii), 5.12(g)(ii), 5.12(i)(ii),
5.12(j)(ii) or 5.12(l)(ii) from first the Subordinated Notes Post-ARD Contingent Interest Account and second, the Senior Subordinated Notes
Post-ARD Contingent Interest Account, to be paid to each Class of Senior Notes up to the amount of Senior Notes Quarterly Post-ARD Contingent Interest accrued and
unpaid with respect to each applicable Class of Senior Notes, sequentially in order of alphanumerical designation and pro rata among each Class of Senior Notes of the same alphanumerical designation based upon the amount of Senior
Notes Quarterly Post-ARD Contingent Interest payable on each such Class, and deposit such funds into the applicable Series Distribution Accounts. 

  
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 (n)    Senior Subordinated Notes
Post-ARD Contingent Interest Account. On each Accounting Date, the Master Issuer shall instruct the Trustee in writing to withdraw on the following Quarterly Payment Date: (i) the funds allocated to
the Senior Subordinated Notes Post-ARD Contingent Interest Account on each Weekly Allocation Date with respect to the immediately preceding Quarterly Collection Period to be paid to each applicable
Class of Senior Subordinated Notes from the Collection Account up to the amount of Senior Subordinated Notes Quarterly Post-ARD Contingent Interest distributed to such administrative account owed to each
such Class of Senior Subordinated Notes, sequentially in order of alphanumerical designation and pro rata among each such Class of Senior Subordinated Notes of the same alphanumerical designation based upon the amount of Senior
Subordinated Notes Quarterly Post-ARD Contingent Interest payable on each such Class, and deposit such funds into the applicable Series Distribution Accounts and (ii) if the amount of funds allocated to
the Senior Subordinated Notes Post-ARD Contingent Interest Account on each Weekly Allocation Date with respect to the immediately preceding Quarterly Collection Period pursuant to the immediately preceding
clause (i) is less than the amount of Senior Subordinated Notes Quarterly Post-ARD Contingent Interest owed to each such Class of Senior Subordinated Notes for the Interest
Period ending most recently prior to such Quarterly Payment Date, an amount equal to the lesser of (A) such insufficiency and (B) the Available Administrative Account Amount (after giving effect to any payments of higher priority to be
made as of such Quarterly Payment Date from any Collection Account Administrative Account pursuant to Sections 5.12(a)(iii), 5.12(d)(ii), 5.12(f)(ii), 5.12(g)(ii), 5.12(i)(ii), 5.12(j)(ii),
5.12(l)(ii) or 5.12(m)(ii)) from the Subordinated Notes Post- ARD Contingent Interest Account, to be paid to each Class of Senior Subordinated Notes up to the amount of Senior Subordinated Notes Quarterly Post-ARD Contingent Interest accrued and unpaid with respect to each applicable Class of Senior Subordinated Notes, sequentially in order of alphanumerical designation and pro rata among each
Class of Senior Subordinated Notes of the same alphanumerical designation based upon the amount of Senior Subordinated Notes Quarterly Post-ARD Contingent Interest payable on each such Class, and deposit
such funds into the applicable Series Distribution Accounts. 
 (o)    Subordinated Notes Post-ARD Contingent Interest Account. On each Accounting Date, the Master Issuer shall instruct the Trustee in writing to withdraw on the following Quarterly Payment Date the funds allocated to the Subordinated
Notes Post-ARD Contingent Interest Account on each Weekly Allocation Date with respect to the immediately preceding Quarterly Collection Period to be paid to each applicable Class of Subordinated Notes
from the Collection Account up to the amount of Subordinated Notes Quarterly Post-ARD Contingent Interest distributed to such administrative account owed to each such Class of Subordinated Notes,
sequentially in order of alphanumerical designation and pro rata among each such Class of Subordinated Notes of the same alphanumerical designation based upon the amount of Subordinated Notes Quarterly
Post-ARD Contingent Interest payable on each such Class, and deposit such funds into the applicable Series Distribution Accounts. 

  
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 (p)    Amounts on Deposit in the Senior Notes Interest Reserve
Account, the Senior Subordinated Notes Interest Reserve Account and the Cash Trap Reserve Account. 

(i)    On the Accounting Date (A) preceding any Quarterly Payment Date that is a Cash Trapping Release
Date, the Master Issuer shall instruct the Trustee in writing to withdraw on such Quarterly Payment Date from funds then on deposit in the Cash Trap Reserve Account an amount equal to the applicable Cash Trapping Release Amount and
(B) preceding the first Quarterly Payment Date following the commencement of the Rapid Amortization Period (including a Rapid Amortization Period due to an Event of Default), the Master Issuer shall instruct the Trustee in writing to withdraw
on such Quarterly Payment Date funds then on deposit in the Cash Trap Reserve Account and deposit such funds into the Collection Account for distribution in accordance with the Priority of Payments. 

(ii)    So long as no Rapid Amortization Period or Event of Default is continuing, on each Accounting Date,
the Master Issuer shall instruct the Trustee writing to withdraw funds on deposit in the Cash Trap Reserve Account and apply such funds on the following Quarterly Payment Date to the extent necessary to pay Senior Notes Accrued Quarterly Interest
Amounts, Class A-1 Senior Notes Aggregate Quarterly Commitment Fees, Senior Subordinated Notes Aggregate Quarterly Interest, Senior Notes Aggregate Scheduled Principal Payments, unreimbursed Advances
(with interest thereon), unreimbursed Manager Advances (with interest thereon) and Series Hedge Payment Amounts, in each case, after giving effect to other amounts available for payment thereof as described in this
Section 5.12. 
 (iii)    So long as no Rapid Amortization Period or Event of
Default is continuing, on the Accounting Date preceding the first Quarterly Payment Date following the commencement of a Class A-1 Senior Notes Amortization Event, the Master Issuer shall instruct the
Trustee in writing to withdraw funds on deposit in the Cash Trap Reserve Account to the extent necessary, after giving effect to other amounts available for payment thereof as described in this Section 5.12 to pay principal
on the Class A-1 Senior Notes Outstanding, and to deposit such funds into the Senior Notes Principal Payments Account for distribution to the holders of the
Class A-1 Senior Notes, pro rata. 
 (iv)    If the
Master Issuer determines in its sole discretion to apply funds in the Cash Trap Reserve Account to make optional prepayments of principal of Senior Notes and/or Senior Subordinated Notes, which optional payments shall be made in accordance with the
CTOP Payment Priority, the Master Issuer shall instruct the Trustee thereof in writing, and the Trustee shall, in accordance with such written instructions, withdraw funds on deposit in the Cash Trap Reserve Account in the amount instructed by the
Master Issuer and deposit such funds into the Senior Notes Principal Payment Account and/or the Subordinated Notes Principal Payment Account, as applicable, and thereafter shall, in accordance with the written instructions of the Master Issuer,
withdraw funds from the Senior Notes Principal Payment Account and/or the Subordinated Notes Principal Payments Account, as applicable, and deposit such funds into the applicable Series Distribution Accounts; provided that any such optional
prepayments will be accompanied by the payment of any Prepayment Premiums related thereto, to the extent such Prepayment Premiums are otherwise payable in connection with the optional prepayment of such Notes in accordance with the applicable Series
Supplement; and provided further, that any amounts remaining on deposit in the Cash Trap Reserve 

  
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Account after such optional prepayments will remain deposited therein until the Quarterly Payment Date following the Quarterly Payment Date on which the Cash Trapping Period is no longer in
effect, unless otherwise provided in this Section 5.12. 
 (v)    If the Master
Issuer determines, with respect to any Series of Senior Notes, that the amount to be deposited in any Series Distribution Account in accordance with this Section 5.12 on any Series Legal Final Maturity Date related to such
Series of Senior Notes is less than the Outstanding Principal Amount of such Series of Senior Notes, on the Accounting Date immediately preceding such Series Legal Final Maturity Date, the Master Issuer shall instruct the Trustee thereof in writing,
and the Trustee shall, in accordance with such instruction on such Series Legal Final Maturity Date, withdraw from the Senior Notes Interest Reserve Account or the Master Issuer shall make a draw on the applicable Interest Reserve Letter of Credit
and deposit, sequentially in order of alphanumeric designation and pro rata based upon the Outstanding Principal Amount of the Senior Notes, into the applicable Series Distribution Accounts, an amount equal to the lesser of such insufficiency
and the sum of (a) the Available Senior Notes Interest Reserve Account Amount (after giving effect to any payments made from the Senior Notes Interest Reserve Account pursuant to Sections 5.12(b)(ii) and 5.12(d)(ii)) on such
Series Legal Final Maturity Date) and (b) any amounts available to be drawn on the applicable Interest Reserve Letter of Credit. 

(vi)    If the Master Issuer determines, with respect to any Series of Senior Subordinated Notes, that the
amount to be deposited in any Series Distribution Account in accordance with this Section 5.12 on any Series Legal Final Maturity Date related to such Series of Senior Subordinated Notes is less than the Outstanding
Principal Amount of such Series of Senior Subordinated Notes, on the Accounting Date immediately preceding such Series Legal Final Maturity Date, the Master Issuer shall instruct the Trustee thereof in writing, and the Trustee shall, in accordance
with such instruction on such Series Legal Final Maturity Date, withdraw from the Senior Subordinated Notes Interest Reserve Account or the Master Issuer shall make a draw on the applicable Interest Reserve Letter of Credit and deposit, sequentially
in order of alphanumeric designation and pro rata based upon the Outstanding Principal Amount of the Senior Subordinated Notes, into the applicable Series Distribution Accounts, an amount equal to the lesser of such insufficiency and the sum
of (a) the Available Senior Subordinated Notes Interest Reserve Account Amount (after giving effect to any payments made from the Senior Subordinated Notes Interest Reserve Account pursuant to Section 5.12(f)(ii) on
such Series Legal Final Maturity Date) and (b) any amounts available to be drawn on the applicable Interest Reserve Letter of Credit. 

(vii)    On any date on which no Senior Notes are Outstanding, the Master Issuer shall instruct the Trustee
in writing to withdraw on such date any funds then on deposit in the Senior Notes Interest Reserve Account and to deposit all remaining funds into the Collection Account and the Master Issuer shall terminate any outstanding Interest Reserve Letter
of Credit maintained with respect to the Senior Notes Interest Reserve Account. 

  
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 (viii)    On any date on which no Senior Subordinated
Notes are Outstanding, the Master Issuer shall instruct the Trustee in writing to withdraw on such date any funds then on deposit in the Senior Subordinated Notes Interest Reserve Account and to deposit all remaining funds into the Collection
Account and the Master Issuer shall terminate any outstanding Interest Reserve Letter of Credit maintained with respect to the Senior Subordinated Notes Interest Reserve Account. 

Section 5.13 Determination of Quarterly Interest. Quarterly payments of interest and fees on each Series of Notes shall be
determined, allocated and distributed in accordance with the procedures set forth in the applicable Series Supplement. 
 Section 5.14
Determination of Quarterly Principal. Quarterly payments of principal, if any, of each Series of Notes shall be determined, allocated and distributed in accordance with the procedures set forth in the applicable Series Supplement. 

Section 5.15 Prepayment of Principal. Mandatory prepayments of principal, if any, of each Series of Notes shall be determined,
allocated and distributed in accordance with the procedures set forth in the applicable Series Supplement, if not otherwise described herein. 

Section 5.16 Retained Collections Contributions. At any time after the Closing Date, the Master Issuer may (but is not required
to) designate Retained Collections Contributions to be included in Net Cash Flow for purposes of calculating the Quarterly DSCR, or, on and after the Springing Amendments Implementation Date, the DSCR, but not more than $7,500,000 in any Quarterly
Collection Period or more than $15,000,000 during any period of four (4) consecutive Quarterly Collection Periods or more than $30,000,000 from the Closing Date to the Final Series Legal Final Maturity Date; provided, that any Retained
Collections Contributions shall be excluded from the amount of Net Cash Flow for purposes of calculations undertaken in the following circumstances: (a) to determine whether the Co-Issuers may draw under
any Class A-1 Senior Notes or request letters of credit to be issued under any Class A-1 Subfacility, (b) to determine whether the Co-Issuers may extend the Class A-1 Senior Notes Renewal Date, (c) to determine compliance with any Series Non-Amortization
Test, (d) to determine the New Series Pro Forma Quarterly DSCR, or, on and after the Springing Amendments Implementation Date, the New Series Pro Forma DSCR, and (e) to determine the Securitization Leverage Ratio and the Senior ABS
Leverage Ratio. The amount of any Retained Collections Contribution shall be held by the Master Issuer (or any other Securitization Entity other than the SPV Guarantor) for at least one full fiscal quarter after which time that amount may be
distributed by the Master Issuer to the SPV Guarantor on any Weekly Allocation Date; provided, that (i) the most recent Quarterly DSCR or, on and after the Springing Amendments Implementation Date, the DSCR, was at least equal to the
Cash Trapping DSCR Threshold without giving effect to the inclusion of such Retained Collections Contribution and (ii) such Retained Collections Contribution is not required to pay any shortfall in the amounts payable under clauses
(ii) through (xxxvii) of the Priority of Payments, to the extent of any shortfall on such Weekly Allocation Date. Prior to the Springing Amendments Implementation Date, the Master Issuer may not designate equity contributions as
Retained Collections Contributions to the extent such equity contributions were funded by the proceeds of a draw under any Class A-1 Senior Notes. 

  
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 Section 5.17 Interest Reserve Letters of Credit. The Co-Issuers may, in lieu of funding (or as partial replacement for funding) the Senior Notes Interest Reserve Account and/or the Senior Subordinated Notes Interest Reserve Account in the amounts required hereunder,
maintain one or more Interest Reserve Letters of Credit issued under a Variable Funding Note Purchase Agreement for the benefit of the Trustee and the Senior Noteholders or the Senior Subordinated Noteholders, as applicable, each in a face amount
equal to the amounts required to be funded in respect of such account(s) had such Interest Reserve Letter of Credit not been issued. 
 Each
such Interest Reserve Letter of Credit (a) shall name the Trustee, for the benefit of the Senior Noteholders or the Senior Subordinated Noteholders, as applicable, as the beneficiary thereof; (b) shall allow the Trustee (or the Control
Party on its behalf) to submit a notice of drawing in respect of such Interest Reserve Letter of Credit whenever amounts would otherwise be required to be withdrawn from the Senior Notes Interest Reserve Account or the Senior Subordinated Notes
Interest Reserve Account, as applicable, pursuant to Section 5.12: (c) shall have an expiration date of no later than ten (10) Business Days prior to the Class A-1 Senior
Notes Renewal Date specified in the related Variable Funding Note Purchase Agreement pursuant to which such Interest Reserve Letter of Credit was issued; and (d) shall indicate by its terms that the proceeds in respect of drawings under such
Interest Reserve Letter of Credit shall be paid directly into the Senior Notes Interest Reserve Account or the Senior Subordinated Notes Interest Reserve Account, as applicable. 

If, on the date that is five (5) Business Days prior to the expiration of any such Interest Reserve Letter of Credit, such Interest
Reserve Letter of Credit has not been replaced or renewed and the Co-Issuers have not otherwise deposited funds into the Senior Notes Interest Reserve Account or the Senior Subordinated Notes Interest Reserve
Account, as applicable, in the amounts that would otherwise be required had such Interest Reserve Letter of Credit not been issued, the Master Issuer shall submit a notice of drawing under such Interest Reserve Letter of Credit and use the proceeds
thereof to fund a deposit into the Senior Notes Interest Reserve Account or the Senior Subordinated Notes Interest Reserve Account, as applicable, in an amount equal to the Senior Notes Interest Reserve Account Deficit Amount or the Senior
Subordinated Notes Interest Reserve Account Deficit Amount on such date, in each case calculated as if such Interest Reserve Letter of Credit had not been issued. 

If, on any day, (i) the short-term debt credit rating of any entity which has issued an Interest Reserve Letter of Credit (an
“L/C Provider”) is withdrawn by Standard & Poor’s or downgraded below “A-1” or is withdrawn by Moody’s or downgraded below
“P-l” or (ii) the long-term debt credit rating of any L/C Provider is withdrawn by Standard & Poor’s or downgraded below “BBB+” or is withdrawn by Moody’s or
downgraded below “Baa1” (each of cases (i) and (ii), an “L/C Downgrade Event”), on the fifth (5th) Business Day after the occurrence of such L/C Downgrade Event,
the Master Issuer shall submit a notice of drawing under each Interest Reserve Letter of Credit issued by such L/C Provider and use the proceeds thereof to fund a deposit into the Senior Notes Interest Reserve Account or the Senior Subordinated
Notes Interest Reserve Account, as applicable, in an amount equal to the Senior Notes Interest Reserve Account Deficit Amount or the Senior Subordinated Notes Interest Reserve Account Deficit Amount on such date, in each case calculated as if such
Interest Reserve Letter of Credit had not been issued. 

  
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 Section 5.18 Replacement of Ineligible Accounts. If, at any time, any
Concentration Account or any of the Senior Notes Interest Reserve Account, the Senior Subordinated Notes Interest Reserve Account, the Cash Trap Reserve Account, the Collection Account, any Collection Account Administrative Account or the DNAF
Account shall cease to be an Eligible Account (each, an “Ineligible Account”), the Master Issuer or any other Co-Issuer shall (i) within five (5) Business Days of obtaining knowledge
thereof, notify the Control Party thereof and (ii) within sixty (60) days of obtaining knowledge thereof, (A) establish, or cause to be established, a new account that is an Eligible Account in substitution for such Ineligible
Account, (B) with the exception of the DNAF Account and any Concentration Account, following the establishment of such new Eligible Account, transfer, or with respect to the Trustee Accounts maintained at the Trustee, instruct the Trustee in
writing to transfer, all cash and investments from such Ineligible Account into such new Eligible Account, (C) in the case of the DNAF Account or a Concentration Account, following the establishment of such new Eligible Account, transfer or
cause to be transferred to such new Eligible Account, all cash and investments from such Ineligible Account into such new Eligible Account, (D) in the case of a Concentration Account, transfer or cause to be transferred all items deposited in
the Lock-Box related to such Ineligible Account to a new Lock-Box related to such new Concentration Account, and (E) pledge, or cause to be pledged, such new
Eligible Account to the Trustee for the benefit of the Secured Parties and, if such Ineligible Account is required to be subject to an Account Control Agreement in accordance with the terms of the Indenture, cause such new Eligible Account to be
subject to an Account Control Agreement in form and substance reasonably acceptable to the Control Party and the Trustee. In the event that any of the Collection Account, any Concentration Account, any Collection Account Administrative Account or
the DNAF Account becomes an Ineligible Account, the Manager shall, promptly following the establishment of such related new Eligible Account, notify each Franchisee of a change in payment instructions, if any. 

ARTICLE VI 

DISTRIBUTIONS 

Section 6.1 Distributions in General. 

(a)    Unless otherwise specified in the applicable Series Supplement, on each Quarterly Payment Date, the Paying Agent
shall pay to the Noteholders of each Series of record on the preceding Record Date the amounts payable thereto (i) by wire transfer in immediately available funds released by the Paying Agent from the applicable Series Distribution Account no
later than 12:30 p.m. (New York City time) if a Noteholder has provided to the Paying Agent and the Trustee wiring instructions at least five (5) Business Days prior to the applicable Quarterly Payment Date or (ii) by check mailed
first-class postage prepaid to such Noteholder at the address for such Noteholder appearing in the Note Register if such Noteholder has not provided wire instructions pursuant to clause (i) above; provided, however, that
the final principal payment due on a Note shall only be paid upon due presentment and surrender of such Note for cancellation in accordance with the provisions of the Note at the applicable Corporate Trust Office. 

(b)    Unless otherwise specified in the applicable Series Supplement, in this Base Indenture or in any applicable
Variable Funding Note Purchase Agreement, all distributions 

  
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to Noteholders of all Classes within a Series of Notes shall be made from amounts allocated in accordance with the Priority of Payments among each Class of Notes in alphanumerical order
(i.e., A-1, A-2, B-l, B-2 and not A-1, B-l, A-2, B-2) and pro rata among holders of Notes within each Class of the same alphanumerical designation;
provided, however, that unless otherwise specified in the Series Supplement, in this Base Indenture or in any applicable Variable Funding Note Purchase Agreement, all distributions to Noteholders of all Classes within a Series of Notes
having the same alphabetical designation shall be pari passu with each other with respect to the distribution of Collateral proceeds resulting from exercise of remedies upon an Event of Default. 

(c)    Unless otherwise specified in the applicable Series Supplement, the Trustee shall distribute all amounts owed to
the Noteholders of any Class of Notes pursuant to the instructions of the Co-Issuers whether set forth in a Quarterly Manager’s Certificate, Company Order or otherwise. 

ARTICLE VII 

REPRESENTATIONS AND WARRANTIES 

The Co-Issuers hereby represent and warrant, for the benefit of the Trustee and the Noteholders, as
follows as of each Series Closing Date: 
 Section 7.1 Existence and Power. Each Securitization Entity (a) is duly
organized, validly existing and in good standing under the laws of its jurisdiction of organization, (b) is duly qualified to do business as a foreign entity and in good standing under the laws of each jurisdiction (including, without
limitation, in each Included Country) where the character of its property, the nature of its business or the performance of its obligations under the Related Documents make such qualification necessary, except to the extent that the failure to so
qualify is not reasonably likely to result in a Material Adverse Effect, and (c) has all limited liability company, corporate or other powers and all governmental licenses, authorizations, consents and approvals required to carry on its
business as now conducted and for purposes of the transactions contemplated by the Indenture and the other Related Documents. 

Section 7.2 Company and Governmental Authorization. The execution, delivery and performance by each
Co-Issuer of this Base Indenture and any Series Supplement and by each Co-Issuer and each other Securitization Entity of the other Related Documents to which it is a
party (a) is within such Securitization Entity’s limited liability company, corporate or other powers and has been duly authorized by all necessary limited liability company, corporate or other action, (b) requires no action by or in
respect of, or filing with, any Governmental Authority which has not been obtained (other than any actions or filings that may be undertaken after the Closing Date pursuant to the terms of this Base Indenture or any other Related Document) and
(c) does not contravene, or constitute a default under, any Requirements of Law with respect to such Securitization Entity or any Contractual Obligation with respect to such Securitization Entity or result in the creation or imposition of any
Lien on any property of any Securitization Entity, except for Liens created by this Base Indenture or the other Related Documents except in the case of clause (b) or (c) above, solely with respect to the Contribution Agreements, the
violation of which could not reasonably be expected to have a Material Adverse Effect. This Base Indenture and each of the other Related Documents to which each Securitization Entity is a party has been executed and delivered by a duly Authorized
Officer of such Securitization Entity. 

  
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 Section 7.3 No Consent. Except as set forth on Schedule 7.3, no consent,
action by or in respect of, approval or other authorization of, or registration, declaration or filing with, any Governmental Authority or other Person is required for the valid execution and delivery by each
Co-Issuer of this Base Indenture and any Series Supplement and by each Co-Issuer and each other Securitization Entity of any Related Document to which it is a party or
for the performance of any of the Securitization Entities’ obligations hereunder or thereunder other than such consents, approvals, authorizations, registrations, declarations or filings (a) as shall have been obtained or made by such
Securitization Entity prior to the Closing Date or as are permitted to be obtained subsequent to the Closing Date in accordance with Section 7.13, Section 8.25 or
Section 8.37, or (b) relating to the performance of any Collateral Franchise Document the failure of which to obtain is not reasonably likely to have a Material Adverse Effect. 

Section 7.4 Binding Effect. This Base Indenture and each other Related Document to which a Securitization Entity is a party is a
legal, valid and binding obligation of each such Securitization Entity enforceable against such Securitization Entity in accordance with its terms (except as may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium
and other similar laws affecting creditors’ rights generally or by general equitable principles, whether considered in a proceeding at law or in equity and by an implied covenant of good faith and fair dealing). 

Section 7.5 Litigation. There is no action, suit, proceeding or investigation pending against or, to the knowledge of any Co-Issuer, threatened against or affecting any Securitization Entity or of which any property or assets of such Securitization Entity is the subject before any court or arbitrator or any Governmental Authority that
would, individually or in the aggregate, affect the validity or enforceability of this Base Indenture or any Series Supplement, materially adversely affect the performance by the Securitization Entities of their obligations hereunder or thereunder
or which is reasonably likely to have a Material Adverse Effect. 
 Section 7.6 No ERISA Plan. No Securitization Entity or any
corporation or any trade, business, organization or other entity (whether or not incorporated) that would be treated together with any Securitization Entity as a single employer under Section 414(b), (c), (m) or (o) of the Code or
Section 4001(a)(14) of ERISA has, except as provided on Schedule 7.6, established, maintains, contributes to, or has any liability in respect of (or has in the past six years established, maintained, contributed to, or had any liability
in respect of) any Plan. Except as provided on Schedule 7.6, no Securitization Entity has any contingent liability with respect to any post-retirement welfare benefits under a Welfare Plan, other than liability for continuation coverage
described in Part 6 of Subtitle B of Title I of ERISA or other applicable continuation of coverage laws. 
 Section 7.7 Tax Filings
and Expenses. Each Securitization Entity has filed, or caused to be filed, all federal, state, local and foreign Tax returns and all other Tax returns which, to the knowledge of any Co-Issuer, are required
to be filed by, or with respect to the income, properties or operations of, such Securitization Entity (whether information returns or not), and has paid, or caused to be paid, all Taxes due, if any, pursuant to said returns or pursuant to any
assessment 

  
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received by any Securitization Entity or otherwise, except such Taxes, if any, as are being contested in good faith and by appropriate proceedings and for which adequate reserves have been set
aside in accordance with GAAP. As of the Closing Date, except as set forth on Schedule 7.7, no Co- Issuer is aware of any proposed Tax assessments against any Domino’s Entity. Except as would not
reasonably be expected to have a Material Adverse Effect, no tax deficiency has been determined adversely to any Securitization Entity, nor does any Securitization Entity have any knowledge of any tax deficiencies. Each Securitization Entity has
paid all fees and expenses required to be paid by it in connection with the conduct of its business, the maintenance of its existence and its qualification as a foreign entity authorized to do business in each state and each foreign country in which
it is required to so qualify, except to the extent that the failure to pay such fees and expenses is not reasonably likely to result in a Material Adverse Effect. 

Section 7.8 Disclosure. All certificates, reports, statements, notices, documents and other information furnished to the Trustee
or the Noteholders by or on behalf of the Securitization Entities pursuant to any provision of the Indenture or any other Related Document, or in connection with or pursuant to any amendment or modification of, or waiver under, the Indenture or any
other Related Document, are, at the time the same are so furnished, complete and correct in all material respects (when taken together with all other information furnished by or on behalf of the Domino’s Entities to the Trustee or the
Noteholders, as the case may be), and give the Trustee or the Noteholders, as the case may be, true and accurate knowledge of the subject matter thereof in all material respects, and the furnishing of the same to the Trustee or the Noteholders, as
the case may be, shall constitute a representation and warranty by each Co-Issuer made on the date the same are furnished to the Trustee or the Noteholders, as the case may be, to the effect specified herein.

 Section 7.9 Investment Company Act. No Securitization Entity is, or is controlled by, an “investment company”
within the meaning of the Investment Company Act. 
 Section 7.10 Regulations T, U and X. The proceeds of the Notes will not be
used to purchase or carry any “margin stock” (as defined or used in the regulations of the Board of Governors of the Federal Reserve System, including Regulations T, U and X thereof) in such a way that could cause the transactions
contemplated by the Related Documents to fail to comply with the regulations of the Board of Governors of the Federal Reserve System, including Regulations T, U and X thereof. No Securitization Entity owns or is engaged in the business of extending
credit for the purpose of purchasing or carrying any margin stock. 
 Section 7.11 Solvency. Both before and after giving effect
to the transactions contemplated by the Indenture and the other Related Documents, each Securitization Entity is solvent within the meaning of the Bankruptcy Code and any applicable state law and each Securitization Entity is not the subject of any
voluntary or involuntary case or proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy or insolvency law and no Event of Bankruptcy has occurred with respect to any Securitization
Entity. 

  
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 Section 7.12 Ownership of Equity Interests: Subsidiaries. 

(a)    All of the issued and outstanding limited liability company interests of the SPV Guarantor are owned by
Domino’s International, all of which limited liability company interests have been validly issued and are owned of record by Domino’s International, free and clear of all Liens other than Permitted Liens. 

(b)    All of the issued and outstanding limited liability company interests of the Master Issuer are owned by the SPV
Guarantor, all of which limited liability company interests have been validly issued and are owned of record by the SPV Guarantor, free and clear of all Liens other than Permitted Liens. 

(c)    All of the issued and outstanding limited liability company interests of the Domestic Distributor, the IP Holder
and the Domestic Franchisor are owned by the Master Issuer, all of which limited liability company interests have been validly issued and are owned of record by the Master Issuer, free and clear of all Liens other than Permitted Liens. 

(d)    All of the issued and outstanding capital stock of the International Franchisor and the SPV Canadian Holdco is
owned by the Master Issuer, all of which capital stock has been validly issued, is fully paid and non-assessable and are owned of record by the Master Issuer, free and clear of all Liens other than Permitted
Liens. 
 (e)    All of the issued and outstanding capital stock of the Canadian Distributor are owned by the SPV
Canadian Holdco, all of which capital stock has been validly issued and are owned of record by the SPV Canadian Holdco, free and clear of all Liens other than Permitted Liens. 

(f)    All of the issued and outstanding limited liability company interests of the Domestic Distribution Real Estate
Holder are owned by the Domestic Franchisor, all of which limited liability company interests have been validly issued and are owned of record by the Domestic Franchisor, free and clear of all Liens other than Permitted Liens. 

(g)    All of the issued and outstanding limited liability company interests of the Domestic Distribution Equipment Holder
are owned by the Domestic Distributor, all of which limited liability company interests have been validly issued and are owned of record by the Domestic Distributor, free and clear of all Liens other than Permitted Liens. 

(h)    The Master Issuer has no subsidiaries and owns no Equity Interests in any other Person, other than the Domestic
Distributor, the SPV Canadian Holdco, the IP Holder, the International Franchisor, the Domestic Franchisor, the Canadian Distributor, the Domestic Distribution Real Estate Holder and the Domestic Distribution Equipment Holder and any Additional
Securitization Entity. The SPV Canadian Holdco has no subsidiaries and owns no Equity Interests in any other Person other than the Canadian Distributor and any Additional Securitization Entity. The Domestic Franchisor has no subsidiaries and owns no
Equity Interests in any other Person other than the Domestic Distribution Real Estate Holder and any Additional Securitization Entity. The Domestic Distributor has no subsidiaries and owns no Equity Interests in any other Person other than the
Domestic Distribution Equipment Holder and any Additional Securitization Entity. The Canadian Distributor, the IP Holder, the International Franchisor, the Domestic Distribution Real Estate Holder and the Domestic Distribution Equipment Holder have
no subsidiaries and own no Equity Interests in any other Person other than any Additional Securitization Entity. 

  
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 Section 7.13 Security Interests. 

(a)    Each Co-Issuer and Guarantor owns and has good title to its Collateral, free
and clear of all Liens other than Permitted Liens. The Co-Issuers’ and Guarantors’ rights under the Collateral Documents (except for any Franchisee Promissory Notes) constitute general intangibles
under the applicable UCC. This Base Indenture and the Global G&C Agreement constitute a valid and continuing Lien on the Collateral (other than the owned Domestic Manufacturing and Distribution Centers) in favor of the Trustee on behalf of and
for the benefit of the Secured Parties, which Lien on the Collateral has been perfected (except as described on Schedule 7.13(a) or as permitted under Section 8.25(c) or Section 8.25(d)) and
is prior to all other Liens (other than Permitted Liens), and is enforceable as such as against creditors of and purchasers from each Co-Issuer and each Guarantor in accordance with its terms, except as such
enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws affecting creditors’ rights generally or by general equitable principles, whether considered in a proceeding at
law or in equity and by an implied covenant of good faith and fair dealing. The Co-Issuers and the Guarantors have received all consents and approvals required by the terms of the Collateral to the pledge of
the Collateral to the Trustee hereunder and under the Global G&C Agreement. The Co-Issuers and the Guarantors have caused, or shall have caused, the filing of all appropriate financing statements in the
proper filing office in the appropriate jurisdictions under applicable law in order to perfect the first-priority security interest in the Collateral granted to the Trustee hereunder or under the Global G&C Agreement within ten (10) days of
the date of this Agreement, or, in the case of Intellectual Property or the owned Domestic Manufacturing and Distribution Centers, shall take all action necessary to perfect such first-priority security interest consistent with the obligations and
time periods set forth in Section 8.25(c), Section 8.25(d) or Section 8.37, as applicable. 

(b)    Other than the security interest granted to the Trustee hereunder, pursuant to the other Related Documents or any
other Permitted Lien, none of the Co-Issuers and none of the Guarantors has pledged, assigned, sold or granted a security interest in the Collateral. All action necessary (including the filing of UCC-1 financing statements and filings with the PTO, the United States Copyright Office or any applicable foreign intellectual property office or agency) to protect and evidence the Trustee’s security interest
in the Collateral in the United States and in any Included Country has been, or shall be, duly and effectively taken, consistent with the obligations set forth in Section 8.25(c), Section 8.25(d)
or Section 8.37, except as described on Schedule 7.13(a). No security agreement, financing statement, equivalent security or lien instrument or continuation statement authorized by any
Co-Issuer and any Guarantor and listing such Co-Issuer or Guarantor as debtor covering all or any part of the Collateral is on file or of record in any jurisdiction in
the United States or in any Included Country, except in respect of Permitted Liens or such as may have been filed, recorded or made by such Co-Issuer or such Guarantor in favor of the Trustee on behalf of the
Secured Parties in connection with this Base Indenture and the Global G&C Agreement, and no Co-Issuer or Guarantor has authorized any such filing. 

  
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 (c)    All authorizations in this Base Indenture and the Global G&C
Agreement for the Trustee to endorse checks, instruments and securities and to execute financing statements, continuation statements, security agreements and other instruments with respect to the Collateral and to take such other actions with
respect to the Collateral authorized by this Base Indenture and the Global G&C Agreement are powers coupled with an interest and are irrevocable. 

Section 7.14 Related Documents. The Indenture Documents, the Collateral Transaction Documents, the Account Agreements, the
Depository Agreements, any Variable Funding Note Purchase Agreement, any Swap Contract, any Series Hedge Agreement and any Enhancement Agreement with respect to each Series of Notes are in full force and effect. There are no outstanding defaults
thereunder nor have events occurred which, with the giving of notice, the passage of time or both, would constitute a default thereunder. 

Section 7.15 Non-Existence of Other Agreements. Other than as permitted by
Section 8.22, (a) no Securitization Entity is a party to any contract or agreement of any kind or nature and (b) no Securitization Entity is subject to any material obligations or liabilities of any kind or nature in
favor of any third party, including, without limitation, Contingent Obligations. No Securitization Entity has engaged in any activities since its formation (other than those incidental to its formation, the authorization and the issue of Series of
Notes, the execution of the Related Documents to which such Securitization Entity is a party and the performance of the activities referred to in or contemplated by such agreements). 

Section 7.16 Compliance with Contractual Obligations and Laws. No Securitization Entity is in violation of (a) its Charter
Documents, (b) any Requirement of Law with respect to such Securitization Entity or (c) any Contractual Obligation with respect to Securitization Entity except, solely with respect to clauses (b) and (c), to the extent
such violation could not reasonably be expected to result in a Material Adverse Effect. 
 Section 7.17 Other Representations.
All representations and warranties of each Securitization Entity made in each Related Document to which it is a party are true and correct (i) if qualified as to materiality, in all respects, and (ii) if not qualified as to materiality, in
all material respects (unless stated to relate solely to an earlier date, in which case such representations and warranties were true and correct in all respects or in all material respects, as applicable, as of such earlier date), and are repeated
herein as though fully set forth herein. 
 Section 7.18 No Employees. Notwithstanding any other provision of the Indenture or
any Charter Documents of any Securitization Entity to the contrary, no Securitization Entity has any employees. 
 Section 7.19
Insurance. The Securitization Entities maintain the insurance coverages described on Schedule 7.19 hereto, in such amounts and covering such risks as is adequate for the conduct of their respective businesses and the value of their
respective properties and as is customary for companies engaged in similar businesses in similar industries. All policies of insurance of the Securitization Entities are in full force and effect and the Securitization Entities are in compliance with
the terms of such policies in all material respects. None of the Securitization Entities has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from
similar 

  
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insurers as may be necessary to continue its business at a cost that would not reasonably be expected to have a Material Adverse Effect. All such insurance is primary coverage, all premiums
therefor due on or before the date hereof have been paid in full, and the terms and conditions thereof are no less favorable to the Securitization Entities than the terms and conditions of insurance maintained by their Affiliates that are not
Securitization Entities. 
 Section 7.20 Environmental Matters: Real Property. 

(a)    None of the Securitization Entities are subject to any material liabilities or obligations pursuant to any
Environmental Law. 
 (b)    None of the Securitization Entities (other than the Domestic Distribution Real Estate
Holder and the Master Issuer) owns, leases or operates any real property (other than in connection with any Refranchising Asset Disposition). 

Section 7.21 Intellectual Property. 

(a)    All of the material registrations and applications included in the Domino’s IP are subsisting, unexpired and
have not been abandoned in any applicable jurisdiction except where such abandonment could not reasonably be expected to have a Material Adverse Effect. 

(b)    Except as set forth on Schedule 7.21, (i) the use of the Domino’s IP does not infringe or violate the
rights of any third party in a manner that could reasonably be expected to have a Material Adverse Effect, (ii) the Domino’s IP is not being infringed or violated by any third party in a manner that could reasonably be expected to have a
Material Adverse Effect and (iii) there is no action or proceeding pending or, to the Co-Issuers’ knowledge, threatened alleging same that could reasonably be expected to have a Material Adverse
Effect. 
 (c)    Except as set forth on Schedule 7.21, no action or proceeding is pending or, to the Co-Issuers’ knowledge, threatened that seeks to limit, cancel or question the validity of any material Domino’s IP, or the use thereof, that could reasonably be expected to have a Material Adverse Effect.

 (d)    The IP Holder is the exclusive owner of the Domino’s IP, free and clear of all Liens, set-offs, defenses and counterclaims of whatsoever kind or nature (other than licenses granted in the ordinary course of business and the rights granted under the IP License Agreements, the Third-Party License
Agreements, the Franchise Arrangements and the Permitted Liens). 
 (e)    The
Co-Issuers have not made and will not hereafter make any material assignment, pledge, mortgage, hypothecation or transfer of any of the Domino’s IP (other than licenses granted in the ordinary course of
business and the rights granted under the IP License Agreements, the Third-Party License Agreements, the Franchise Arrangements and the Permitted Liens). 

  
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 ARTICLE VIII 

COVENANTS 

Section 8.1 Payment of Notes. 

(a)    Each Co-Issuer shall pay or cause to be paid the principal of, and premium,
if any, and interest, subject to Section 2.15(d), on the Notes when due pursuant to the provisions of this Base Indenture and any applicable Series Supplement. Principal, premium, if any, and interest shall be considered
paid on the date due if the Paying Agent holds on that date money designated for and sufficient to pay all principal, premium, if any, and interest then due. Except as otherwise provided pursuant to a Variable Funding Note Purchase Agreement or any
other Related Document, amounts properly withheld under the Code or any applicable state, local or foreign law by any Person from a payment to any Noteholder of interest or principal or premium, if any, shall be considered as having been paid by the
Co-Issuers to such Noteholder for all purposes of the Indenture and the Notes. 

(b)    By acceptance of its Notes, each Noteholder agrees that the failure to provide the Paying Agent with appropriate
tax certifications (which includes (i) an Internal Revenue Service Form W-9 for United States persons (as defined under Section 7701(a)(30) of the Code) or any applicable successor form or
(ii) an applicable Internal Revenue Service Form W-8, for Persons other than United States persons, or applicable successor form) may result in amounts being withheld from payments to such Noteholder
under this Base Indenture and any Series Supplement and that amounts withheld pursuant to applicable laws shall be considered as having been paid by the Co-Issuers as provided in clause (a) above.

 Section 8.2 Maintenance of Office or Agency. 

(a)    The Co-Issuers will maintain an office or agency (which may be an office of
the Trustee, the Registrar or co-registrar) where Notes may be surrendered for registration of transfer or exchange, where notices and demands to or upon the Co-Issuers
in respect of the Notes and the Indenture may be served, and where, at any time when the Co- Issuers are obligated to make a payment of principal of, and premium, if any, on the Notes, the Notes may be
surrendered for payment. The Co-Issuers will give prompt written notice to the Trustee and the Servicer of the location, and any change in the location, of such office or agency. If at any time the Co-Issuers shall fail to maintain any such required office or agency or shall fail to furnish the Trustee and the Servicer with the address thereof, such presentations and surrenders may be made or served at the
Corporate Trust Office and notices and demands may be made at the address set forth in Section 14.1 hereof. 

(b)    The Co-Issuers may also from time to time designate one or more other
offices or agencies where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind such designations. The Co-Issuers will give prompt written notice to the
Trustee and the Servicer of any such designation or rescission and of any change in the location of any such other office or agency. The Co-Issuers hereby designate the applicable Corporate Trust Office as one
such office or agency of the Co-Issuers. 

  
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 Section 8.3 Payment and Performance of Obligations. The Co-Issuers will, and will cause the other Securitization Entities to, pay and discharge and fully perform, at or before maturity, all of their respective material obligations and liabilities, including, without
limitation, Tax liabilities and other governmental claims levied or imposed upon the Securitization Entity or upon the income, properties or operations of any Securitization Entity, judgments, settlement agreements and all obligations of each
Securitization Entity under the Collateral Documents, except where the same may be contested in good faith by appropriate proceedings (and without derogation from the material obligations of the Co-Issuers
hereunder and the Guarantors under the Global G&C Agreement regarding the protection of the Collateral from Liens (other than Permitted Liens)), and will maintain, in accordance with GAAP, reserves as appropriate for the accrual of any of the
same. 
 Section 8.4 Maintenance of Existence. Each Co-Issuer will, and will cause each
other Securitization Entity to, maintain its existence as a limited liability company, unlimited company or corporation validly existing, and in good standing under the laws of its state or province of organization and duly qualified as a foreign
limited liability company, unlimited company or corporation licensed under the laws of each state and each foreign country in which the failure to so qualify would be reasonably likely to result in a Material Adverse Effect. Each Co-Issuer will, and will cause each other Securitization Entity (other than the International Franchisor, the SPV Canadian Holdco or any Additional Securitization Entity that is a corporation) to, be treated as a
disregarded entity within the meaning of United States Treasury regulation section 301.7701-2(c)(2) and no Co-Issuer will, or will permit any other Securitization Entity
(other than the International Franchisor, the SPV Canadian Holdco or any Additional Securitization Entity that is a corporation) to, be classified as a corporation or as an association taxable as a corporation or a publicly traded partnership
taxable as a corporation for United States federal tax purposes. 
 Section 8.5 Compliance with Laws. Each Co-Issuer will, and will cause each other Securitization Entity to, comply in all respects with all Requirements of Law with respect to such Co-Issuer or such other
Securitization Entity except where such noncompliance would not be reasonably likely to result in a Material Adverse Effect; provided, however, such noncompliance will not result in a Lien (other than a Permitted Lien) on any of the
Collateral or any criminal liability on the part of any Securitization Entity, the Manager or the Trustee. 
 Section 8.6 Inspection
of Property: Books and Records. Each Co-Issuer will, and will cause each other Securitization Entity to, keep proper books of record and account in which full, true and correct entries shall be made of all
dealings and transactions, business and activities in accordance with GAAP. Each Co-Issuer will, and will cause each other Securitization Entity to, permit each of the Servicer, the Manager, the Back-Up Manager, the Control Party, the Controlling Class Representative and the Trustee or any Person appointed by any of them to act as its agent to visit and inspect any of its properties, to examine and
make abstracts from any of its books and records and to discuss its affairs, finances and accounts with its officers, directors, managers, employees and independent certified public accountants at the Servicer’s, the Manager’s, the Back-Up Manager’s, the Controlling Class Representative’s, the Trustee’s or such Person’s expense, all at such reasonable times upon reasonable notice and as often as may reasonably be
requested; provided, however, that during the continuance of a Rapid Amortization Event or an Event of Default each of the Servicer, the Manager, the Back-Up

  
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Manager, the Controlling Class Representative and the Trustee or any Person appointed by any of them to act as its agent may visit and conduct such activities at any time and all such visits
and activities shall be at the Co-Issuers’ expense. 
 Section 8.7 Actions under the
Collateral Documents and Related Documents. 
 (a)    Except as otherwise provided in
Section 8.7(d), no Co-Issuer will, or will permit any Securitization Entity to, take any action which would permit any Domino’s Entity or any other Person party to a Collateral
Transaction Document to have the right to refuse to perform any of its respective obligations under any of the Collateral Transaction Documents or that would result in the amendment, waiver, hypothecation, subordination, termination or discharge of,
or impair the validity or effectiveness of, any Collateral Transaction Document. 
 (b)    Except as otherwise provided
in Section 3.2(a) or 8.7(d), no Co- Issuer will, or will permit any Securitization Entity to, take any action which would permit any other Person party to a Collateral
Franchise Document to have the right to refuse to perform any of its respective obligations under such Collateral Franchise Document or that would result in the amendment, waiver, hypothecation, subordination, termination or discharge of, or impair
the validity or effectiveness of, such Collateral Franchise Document if such action when taken on behalf of any Securitization Entity by the Manager would constitute a breach by the Manager of the Management Agreement. 

(c)    Except as otherwise provided in Section 3.2(a), each
Co-Issuer agrees that it will not, and will cause each Securitization Entity not to, without the prior written consent of the Control Party, exercise any right, remedy, power or privilege available to it with
respect to any obligor under a Collateral Document or under any instrument or agreement included in the Collateral, take any action to compel or secure performance or observance by any such obligor of its obligations to such Co-Issuer or such other Securitization Entity or give any consent, request, notice, direction or approval with respect to any such obligor. 

(d)    Each Co-Issuer agrees that it will not, and will cause each Securitization
Entity not to, without the prior written consent of the Control Party, amend, modify, waive, supplement, terminate or surrender, or agree to any amendment, modification, supplement, termination, waiver or surrender of, the terms of any of the
Related Documents; provided, however, that the Securitization Entities may agree to any amendment, modification, supplement or waiver of any such term of any Related Document without any such consent: 

(i)    to add to the covenants of any Securitization Entity for the benefit of the Secured Parties; or to
add to the covenants of any Domino’s Entity for the benefit of any Securitization Entity; 

(ii)    to terminate any Related Document if any party thereto (other than a Securitization Entity)
becomes, in the reasonable judgment of the Co-Issuers, unable to pay its debts as they become due, even if such party has not yet defaulted on its obligations under the Related Document, so long as the Co-Issuers enter into a replacement agreement with a new party within ninety (90) days of the termination of the Related Document; 

  
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 (iii)    to make such other provisions in regard to
matters or questions arising under the Related Documents as the parties thereto may deem necessary or desirable, which are not inconsistent with the provisions thereof and which shall not materially and adversely affect the interests of any
Noteholder, any Note Owner or any other Secured Party; provided that an Opinion of Counsel and an Officer’s Certificate shall be delivered to the Trustee, the Rating Agencies and the Servicer to such effect; 

(iv)    in the case of any Variable Funding Note Purchase Agreement, to the extent that the consent of the
Control Party is not required, pursuant to the terms of such agreement, for such amendment, modification, supplement or waiver; or 

(v)    the Servicing Agreement may be amended, waived, modified, supplemented, terminated or surrendered
without the consent of the Control Party (x) to the extent that the consent of the Control Party or the Servicer to such amendment, waiver, modification, supplement, termination or surrender is not required pursuant to the terms thereof or
(y) if the Servicer has resigned or has been removed or the Servicing Agreement has otherwise been terminated and amendments or modifications or a new agreement are required in order to replace the Servicer or to entice a successor servicer

 (e)    Upon the occurrence of a Manager Termination Event under the Management Agreement, (i) each Co-Issuer will not, and will cause each other Securitization Entity not to, without the prior written consent of the Control Party, terminate the Manager and appoint any Successor Manager in accordance with the
Management Agreement and (ii) each Co-Issuer will, and will cause each other Securitization Entity to, terminate the Manager and appoint one or more Successor Managers in accordance with the Management
Agreement if and when so directed by the Control Party. 
 Section 8.8 Notice of Defaults and Other Events. Promptly (and in any
event within two (2) Business Days) upon becoming aware of (i) any Potential Rapid Amortization Event, (ii) any Rapid Amortization Event, (iii) any Potential Manager Termination Event, (iv) any Manager Termination Event,(v)
any Default, (vi) any Event of Default or (vii) any default under any Collateral Transaction Document, the Co- Issuers shall give the Trustee, the Servicer, the Manager, the Back-Up Manager, the Controlling Class Representative, any Class A-1 Administrative Agent and the Rating Agencies with respect to each Series of Notes Outstanding
notice thereof, together with an Officer’s Certificate setting forth the details thereof and any action with respect thereto taken or contemplated to be taken by the Co-Issuers. The Co-Issuers shall, at their expense, promptly provide to the Servicer, the Manager, the Back-Up Manager, the Controlling Class Representative, any Class A-1 Administrative Agent and the Trustee such additional information as the Servicer, the Manager, the Back-Up Manager, the Controlling Class Representative,
any Class A-1 Administrative Agent or the Trustee may reasonably request from time to time in connection with the matters so reported, and the actions so taken or contemplated to be taken. 

Section 8.9 Notice of Material Proceedings. Without limiting Section 8.30, promptly (and in any event
within five (5) Business Days) upon the determination by either the chief financial officer or the chief legal officer of Holdco that the commencement or existence of any litigation, arbitration or other proceeding with respect to any
Domino’s Entity would be 

  
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reasonably likely to have a Material Adverse Effect, the Co-Issuers shall give written notice thereof to the Trustee, the Servicer, the Manager, the Back-Up Manager, the Controlling Class Representative, any Class A-1 Administrative Agent and the Rating Agencies. 

Section 8.10 Further Requests. Each Co-Issuer will, and will cause each other
Securitization Entity to, promptly furnish to the Trustee such other information as, and in such form as, the Trustee may reasonably request in connection with the transactions contemplated hereby or by any Series Supplement. 

Section 8.11 Further Assurances. 

(a)    Each Co-Issuer will, and will cause each other Securitization Entity to, do
such further acts and things, and execute and deliver to the Trustee and the Servicer such additional assignments, agreements, powers and instruments, as are necessary or desirable to obtain or maintain the security interest of the Trustee in the
Collateral on behalf of the Secured Parties as a perfected security interest subject to no prior Liens (other than Permitted Liens), to carry into effect the purposes of the Indenture or the other Related Documents or to better assure and confirm
unto the Trustee, the Servicer, the Noteholders or the other Secured Parties their rights, powers and remedies hereunder including, without limitation, the filing of any financing or continuation statements or amendments under the UCC in effect in
any jurisdiction with respect to the liens and security interests granted hereby and by the Global G&C Agreement, except as set forth on Schedule 8.11 or in Section 8.25. The
Co-Issuers and the Guarantors intend the security interests granted pursuant to the Indenture and the Global G&C Agreement in favor of the Secured Parties to be prior to all other Liens (other than
Permitted Liens) in respect of the Collateral, and each Co-Issuer will, and will cause each other Securitization Entity to, take all actions necessary to obtain and maintain, in favor of the Trustee for the
benefit of the Secured Parties, a first lien on and a first priority perfected security interest in the Collateral (except with respect to Permitted Liens and except as set forth on Schedule 8.11 or in Section 8.25).
If any Co-Issuer fails to perform any of its agreements or obligations under this Section 8.11(a), the Servicer itself may perform such agreement or obligation, and the expenses of
the Servicer incurred in connection therewith shall be payable by the Co-Issuers upon the Servicer’s demand therefor. The Servicer is hereby authorized to execute and file any financing statements,
continuation statements, amendments or other instruments necessary or appropriate to perfect or maintain the perfection of the Trustee’s security interest in the Collateral. 

(b)    If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any
promissory note, chattel paper or other instrument, such note, chattel paper or instrument shall be deemed to be held in trust and immediately pledged and within two (2) Business Days physically delivered to the Trustee hereunder, and shall,
subject to the rights of any Person in whose favor a prior Lien has been perfected, be duly endorsed in a manner satisfactory to the Trustee and delivered to the Trustee promptly. 

(c)    Notwithstanding the provisions set forth in clauses (a) and (b) above, the Co-Issuers and the Guarantors shall not be required to perfect any security interest in any fixtures (other than through a central filing of a UCC financing statement), any Franchisee Promissory Notes or, except as
provided in Section 8.37, any real property. 

  
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 (d)    If during any Quarterly Collection Period, any Co-Issuer or Guarantor shall obtain an interest in any commercial tort claim or claims (as such term is defined in the New York UCC) and such commercial tort claim or claims (when added to any past commercial tort
claim or claims that were obtained by any Securitization Entity prior to such Quarterly Collection Period that are still outstanding) have an aggregate value equal to or greater than $5,000,000 as of the last day of such Quarterly Collection Period,
such Co-Issuer or Guarantor shall notify the Servicer on or before the third Business Day prior to the next succeeding Quarterly Payment Date that it has obtained such an interest and shall sign and deliver
documentation acceptable to the Servicer granting a security interest under the Base Indenture or the Global G&C Agreement, as the case may be, in and to such commercial tort claim or claims whether obtained during such Quarterly Collection
Period or prior to such Quarterly Collection Period. 
 (e)    Each Co-Issuer
will, and will cause each other Securitization Entity to, warrant and defend the Trustee’s right, title and interest in and to the Collateral and the income, distributions and Proceeds thereof, for the benefit of the Trustee on behalf of the
Secured Parties, against the claims and demands of all Persons whomsoever. 
 (f)    On or before April 30 of each
calendar year, commencing with April 30, 2013, the Co-Issuers shall furnish to the Trustee, the Rating Agencies and the Servicer (with a copy to the Back-Up Manager
and any Class A-1 Administrative Agent) an Opinion of Counsel either stating that, in the opinion of such counsel, such action has been taken with respect to the recording, filing, re-recording and refiling of this Base Indenture, any indentures supplemental hereto, the Global G&C Agreement and any other requisite documents and with respect to the execution and filing of any financing
statements, continuation statements and amendments to financing statements and such other documents as are, subject to clause (c) above, necessary to maintain the perfection of the Lien and security interest created by this Base
Indenture and the Global G&C Agreement under Article 9 of the New York UCC in the United States or under the PPSA and reciting the details of such action or stating that in the opinion of such counsel no such action is necessary to maintain the
perfection of such Lien and security interest. Each such Opinion of Counsel shall also describe the recording, filing, re-recording and refiling of this Base Indenture, any indentures supplemental hereto, the
Global G&C Agreement and any other requisite documents and the execution and filing of any financing statements, continuation statements and amendments or other documents that will, in the opinion of such counsel, be required, subject to
clause (c) above, to maintain the perfection of the lien and security interest of this Base Indenture and the Global G&C Agreement under Article 9 of the New York UCC in the Collateral in the United States or under the PPSA until
April 30 in the following calendar year. 
 Section 8.12 Liens. No Co-Issuer will,
or will permit any other Securitization Entity to, create, incur, assume or permit to exist any Lien upon any of its property (including the Collateral), other than (i) Liens in favor of the Trustee for the benefit of the Secured Parties and
(ii) other Permitted Liens. 
 Section 8.13 Other Indebtedness. No Co-Issuer will,
or will permit any other Securitization Entity to, create, assume, incur, suffer to exist or otherwise become or remain liable in respect of any Indebtedness other than (i) Indebtedness hereunder or under the Global G&C Agreement or
(ii) any guarantee by any Securitization Entity of the obligations of any other Securitization Entity. 

  
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 Section 8.14 No ERISA Plan. No Securitization Entity or any corporation or any
trade, business, organization or other entity (whether or not incorporated), that would be treated together with any Securitization Entity as a single employer under Section 414(b), (c), (m) or (o) of the Code or Section 4001(a)(14)
of ERISA shall establish, maintain, contribute to, incur any obligation to contribute to, or incur any liability in respect of, any Plan. 

Section 8.15 Mergers. On and after the Closing Date, no Co-Issuer will, or will permit any
other Securitization Entity to, merge or consolidate with or into any other Person (whether by means of single transaction or a series of related transactions) (other than the mergers of Overseas Franchisor LLC with and into the International
Franchisor and of Overseas IP Holder LLC with and into the IP Holder and other than any merger or consolidation of the Canadian Distributor with a newly created entity entered into solely for the purpose of amending the Charter Documents of the
Canadian Distributor to conform the definitions of any terms used therein to the corresponding definitions then in effect under the Base Indenture). 

Section 8.16 Asset Dispositions. No Co-Issuer will, or will permit any other
Securitization Entity to, sell, transfer, lease, license (other than pursuant to licenses granted in the ordinary course of business, the IP License Agreements, the Franchise Arrangements, the Third-Party License Agreements or other sublicenses
permitted under the IP License Agreements), liquidate or otherwise dispose of any of its property (whether by means of a single transaction or a series of related transactions), including any Equity Interests of any other Securitization Entity,
except in the case of the following (each, a “Permitted Asset Disposition”): 
 (a)    any
Refranchising Asset Dispositions; provided that all Asset Disposition Proceeds arising from any Refranchising Asset Disposition, unless the Control Party consents in writing to some other application of such proceeds (or any portion thereof)
by the Master Issuer or any other Securitization Entity, shall be deposited into a Concentration Account or the Collection Account; 

(b)    any Asset Resale Disposition; provided that all Asset Disposition Proceeds arising from any Asset Resale
Disposition, unless the Control Party consents in writing to some other application of such proceeds (or any portion thereof) by the Master Issuer or any other Securitization Entity, shall be deposited into a Concentration Account or the Collection
Account; 
 (c)    any other sale, lease, license, transfer or other disposition of property to which the Control Party
has given the Master Issuer prior written consent; provided that all Asset Disposition Proceeds arising from such sale, lease, license, transfer or other disposition are deposited in accordance with the instructions provided by the Control
Party in the document providing such prior written consent and that if such document does not contain deposit instructions, then such Asset Disposition Proceeds shall be deposited into a Concentration Account or the Collection Account;
provided, further, that the Master Issuer shall deliver a copy of such prior written consent to the Rating Agencies and any Class A-1 Administrative Agent; 

  
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 (d)    any Real Estate Disposition; provided that all Asset
Disposition Proceeds received by the Domestic Distribution Real Estate Holder from any Real Estate Disposition will be reinvested in real property held by the Domestic Distribution Real Estate Holder and used for production or distribution purposes
within 365 days of the disposition giving rise to such proceeds or used to prepay the Notes; 
 (e)    any Permitted
Distribution Asset Disposition; provided, that all Asset Disposition Proceeds arising from such Permitted Distribution Asset Disposition, unless the Control Party consents in writing to some other application of such proceeds (or any portion
thereof) by the Master Issuer or any Securitization Entity, will be reinvested in assets of the general type disposed of, and proceeds from Permitted Distribution Asset Dispositions that are not so reinvested within 365 days of the disposition
giving rise to such proceeds will be deposited into the Collection Account and applied pursuant to the Priority of Payments; 

(f)    any sale, lease, license, liquidation, transfer or other disposition to another Securitization Entity pursuant to
one of the Distribution and Contribution Agreements; and 
 (g)    any other sale, lease, license, liquidation, transfer
or other disposition of property not directly or indirectly constituting any asset dispositions permitted by clauses (a) through (f) above and so long as such disposition when effected on behalf of any Securitization Entity by the
Manager does not constitute a breach by the Manager of the Management Agreement; it being understood that any delivery to the Trustee of any Note by any Co-Issuer or Securitization Entity, together with any
cancellation thereof pursuant to Section 2.14, shall be deemed to be a Permitted Asset Disposition. 

Section 8.17 Acquisition of Assets. No Co-Issuer will, or will permit any other
Securitization Entity to, acquire, by long-term or operating lease or otherwise, any property if such acquisition when effected on behalf of any Securitization Entity by the Manager would constitute a breach by the Manager of the Management
Agreement. 
 Section 8.18 Dividends, Officers’ Compensation, etc. The Master Issuer will not declare or pay
any distributions on any of its limited liability company interests; provided, however, that so long as no Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default has occurred and is continuing with
respect to any Series of Notes Outstanding or would result therefrom, the Master Issuer may declare and pay distributions to the extent permitted under Section 18-607 of the Delaware Limited Liability
Company Act and the Master Issuer Operating Agreement. Without limiting Section 8.28, no Co-Issuer will, or will permit any other Securitization Entity to, pay any wages or salaries
or other compensation to its officers, directors, managers or other agents except out of earnings computed in accordance with GAAP or except for the fees paid to its Independent Managers. No Co-Issuer will, or
will permit any other Securitization Entity to, redeem, purchase, retire or otherwise acquire for value any Equity Interest in or issued by such Securitization Entity or set aside or otherwise segregate any amounts for any such purpose except as
expressly permitted by the Indenture or as consented to by the Control Party. The Co-Issuers may draw on Commitments with respect to any Series of Class A-1 Senior
Notes for general corporate purposes of the Co-Issuers, except that the funds from these draws may only be used to pay dividends on Holdco shares or to repurchase Holdco shares if at the time these dividends
are paid or these shares are repurchased, at least $20,000,000 remains undrawn under the such Class A-1 Notes commitments and the conditions, if any, specified in the related Variable Funding Note
Purchase Agreement are satisfied. 

  
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 Section 8.19 Legal Name, Location Under Section 9-301 or 9-307. No Co-Issuer will, or will permit any other Securitization Entity to, change its location (within the meaning
of Section 9-301 or 9-307 of the applicable UCC) or its legal name without at least thirty (30) days’ prior written notice to the Trustee, the Servicer,
the Manager, the Back-Up Manager, any Class A-1 Administrative Agent and the Rating Agencies with respect to each Series of Notes Outstanding. In the event that any
Co-Issuer or other Securitization Entity desires to so change its location or change its legal name, such Co-Issuer will, or will cause such other Securitization Entity
to, make any required filings and prior to actually changing its location or its legal name such Co- Issuer will, or will cause such other Securitization Entity to, deliver to the Trustee and the Servicer
(i) an Officer’s Certificate confirming that all required filings have been made, subject to Section 8.11(c), to continue the perfected interest of the Trustee on behalf of the Secured Parties in the Collateral
under Article 9 of the applicable UCC in respect of the new location or new legal name of such Co-Issuer or other Securitization Entity and (ii) copies of all such required filings with the filing
information duly noted thereon by the office in which such filings were made. 
 Section 8.20 Charter Documents. No Co-Issuer will, or will permit any other Securitization Entity to, amend, or consent to the amendment of any of its Charter Documents to which it is a party as a member or shareholder unless, prior to such
amendment, the Control Party shall have consented thereto and the Rating Agency Condition with respect to each Series of Notes Outstanding shall have been satisfied with respect to such amendment; provided, however, the Co-Issuers and the other Securitization Entities shall be permitted to amend their Charter Documents without having to meet the Rating Agency Condition to cure any ambiguity, defect or inconsistency therein or if
such amendments could not reasonably be deemed to be disadvantageous to any Noteholder in the reasonable judgment of the Control Party; provided, further, that the Canadian Distributor shall be permitted to amend its Charter Documents
without having received the consent of the Control Party or having met the Rating Agency Condition to the extent necessary to conform the definitions of any terms used therein to the corresponding definitions then in effect under the Base Indenture.
The Control Party may rely on an Officer’s Certificate to make such determination. The Co-Issuers shall provide written notice to each Rating Agency and any
Class A-1 Administrative Agent of any amendment of any Charter Document of any Securitization Entity. 

Section 8.21 Investments. No Co-Issuer will, or will permit any other Securitization
Entity to, make, incur, or suffer to exist any loan, advance, extension of credit or other investment in any Person if such investment when made on behalf of any Securitization Entity by the Manager would constitute a breach by the Manager of the
Management Agreement, other than (a) investments in the Base Indenture Accounts, the Series Accounts and the Concentration Accounts, (b) any Franchisee Promissory Notes, (c) investments in any other Securitization Entity or
(d) the transactions described in the proviso to Section 8.24(a)(vi). 
 Section 8.22 No Other
Agreements. No Co-Issuer will, or will permit any other Securitization Entity to, enter into or be a party to any agreement or instrument other than any Related Document, any Collateral Franchise Document,
any other document permitted by a 

  
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Series Supplement or the Related Documents, as the same may be amended, supplemented or otherwise modified from time to time, any documents related to any Enhancement (subject to
Section 8.32) or any Series Hedge Agreement (subject to Section 8.33), any documents relating to the transactions described in the proviso to Section 8.24(a)(vi) or any
documents or agreements incidental thereto or any other agreement if such transaction when effected on behalf of any Securitization Entity by the Manager would constitute a breach by the Manager of the Management Agreement. 

Section 8.23 Other Business. No Co-Issuer will, or will permit any other Securitization
Entity to, engage in any business or enterprise or enter into any transaction other than the incurrence and payment of ordinary course operating expenses, the issuing and selling of the Notes and other activities related to or incidental to any of
the foregoing or any other transaction which when effected on behalf of any Securitization Entity by the Manager would not constitute a breach by the Manager of the Management Agreement. 

Section 8.24 Maintenance of Separate Existence. 

(a)    Each Co-Issuer will, and will cause each other Securitization Entity to:

 (i)    maintain their own deposit and securities account, as applicable, or accounts, separate from
those of any of its Affiliates (other than the other Securitization Entities), with commercial banking institutions and ensure that the funds of the Securitization Entities will not be diverted to any Person who is not a Securitization Entity or for
other than the use of the Securitization Entities, nor will such funds be commingled with the funds of any of its Affiliates (other than the other Securitization Entities) other than as provided in the Related Documents; 

(ii)    ensure that all transactions between it and any of its Affiliates (other than the other
Securitization Entities), whether currently existing or hereafter entered into, shall be only on an arm’s length basis, it being understood and agreed that the transactions contemplated in the Related Documents and the transactions described in
the proviso to (Vi) meet the requirements of this clause (ii); 
 (iii)    to the extent
that it requires an office to conduct its business, conduct its business from an office at a separate address from that of any of its Affiliates (other than the other Securitization Entities); provided that segregated offices in the same
building shall constitute separate addresses for purposes of this clause (iii). To the extent that any Securitization Entity and any of its members or Affiliates (other than the other Securitization Entities) have offices in the same
location, there shall be a fair and appropriate allocation of overhead costs among them, and each such entity shall bear its fair share of such expenses; 

(iv)    issue separate financial statements from any of its Affiliates (other than the other Securitization
Entities) prepared at least quarterly and prepared in accordance with GAAP; 
 (v)    conduct its affairs
in its own name and in accordance with its Charter Documents and observe all necessary, appropriate and customary limited liability 

  
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company or corporate formalities (as applicable), including, but not limited to, holding all regular and special meetings appropriate to authorize all its actions, keeping separate and accurate
minutes of its meetings, passing all resolutions or consents necessary to authorize actions taken or to be taken, and maintaining accurate and separate books, records and accounts, including, but not limited to, payroll and intercompany transaction
accounts; 
 (vi)    not assume or guarantee any of the liabilities of any of its Affiliates (other than
the other Securitization Entities); provided that the Securitization Entities may incur obligations, pursuant to the Holdco Letter of Credit Agreement, with respect to any Holdco Letter of Credit if the Master Issuer receives a fee from each Non-Securitization Entity whose obligations are secured by such Holdco Letter of Credit in an amount equal to the cost to the Co-Issuers in connection with the issuance and
maintenance of such Holdco Letter of Credit plus 25 basis points per annum, it being understood that such fee is an arms- length fair market fee; 

(vii)    take, or refrain from taking, as the case may be, all other actions that are necessary to be taken
or not to be taken in order to (x) ensure that the assumptions and factual recitations set forth in the Specified Bankruptcy Opinion Provisions remain true and correct in all material respects with respect to it and (y) comply in all
material respects with those procedures described in such provisions which are applicable to it; 

(viii)    maintain at least two Independent Managers on its Board of Managers or its Board of Directors, as
the case may be. 
 (b)    Each Co-Issuer, on behalf of itself and each of the
other Securitization Entities, confirms that the statements relating to the Co-Issuers referenced in the opinion of Ropes & Gray LLP regarding substantive consolidation matters delivered to the
Trustee on each Series Closing Date are true and correct with respect to itself and each other Securitization Entity, and that each Co-Issuer will, and will cause each other Securitization Entity to, comply
with any covenants or obligations assumed to be complied with by it therein as if such covenants and obligations were set forth herein. 

Section 8.25 Covenants Regarding the Domino’s IP. 

(a)    No Co-Issuer will, or will permit any other Securitization Entity to, take
or omit to take any action with respect to the maintenance, enforcement and defense of the IP Holder’s (or any Additional IP Holder’s) rights in and to the Domino’s IP that would constitute a breach by the Manager of the Management
Agreement if such action were taken or omitted by the Manager on behalf of any Securitization Entity. 
 (b)    The Co-Issuers will notify the Trustee, the Back-Up Manager and the Servicer in writing within ten (10) Business Days of any
Co-Issuer’s first knowing or having reason to know that any application or registration relating to any material Domino’s IP (now or hereafter existing) may become abandoned or dedicated to the
public domain, or of any material adverse determination or development (including the institution of, or any such determination or 

  
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development in, any proceeding in the PTO, the United States Copyright Office, similar offices or agencies in any foreign countries in which the Domino’s IP is located, or any court, but
excluding office actions in the course of prosecution and any non-final determinations (other than in an adversarial proceeding) of the PTO or any similar office or agency in any such foreign country)
regarding the validity or any Securitization Entity’s ownership of any material Domino’s IP, its right to register the same, or to keep and maintain the same. 

(c)    With respect to the Domino’s IP, the IP Holder agrees to, and each other
Co-Issuer agrees to cause the IP Holder (and any Additional IP Holder), to the extent it has not already done so in connection with the issuance of the Series 2007-1
Notes, to, execute, deliver and file instruments substantially in the form of Exhibit D-1 hereto with respect to Trademarks, Exhibit D-2 hereto with
respect to Patents and Exhibit D-3 with respect to Copyrights, or otherwise in form and substance satisfactory to the Control Party, and any other instruments or documents as may be reasonably necessary
or, in Control Party’s opinion, desirable under the law of any applicable jurisdiction and agreed upon by the IP Holder (and each applicable Additional IP Holder) and the Control Party, in the United States and, consistent with the obligations
set forth in clause (d) below, any Included Country to perfect or protect the Trustee’s security interest granted under this Base Indenture and the Global G&C Agreement in the Patents, Trademarks and Copyrights included in the
Domino’s IP; provided that such instruments or the filing of such instruments in any Included Country does not have an adverse effect on the validity of any Securitization Entity’s ownership of such Domino’s IP. 

(d)    To the extent it has not already done so in connection with the issuance of the Series 2007-1 Notes, within a commercially reasonable period after the Closing Date (and in any event within 365 days of the Closing Date) the IP Holder (and any Additional IP Holder) will cause (i) each of Australia,
Canada, Ireland, Mexico, South Korea and the United Kingdom (such countries together with the United States, the “Specified Countries”) to qualify as a Perfected Country and (ii) the Perfection Ratio to be at least equal to
90%. Until a Rapid Amortization Event occurs, the IP Holder (and any Additional IP Holder) will cause the Perfection Ratio, as calculated on each anniversary of the Closing Date, to be at least 90%. Upon the occurrence of a Rapid Amortization Event,
within a commercially reasonable time, the IP Holder (and any Additional IP Holder) will cause the Perfection Ratio to be equal to 100%; provided, however, (A) if in any jurisdiction, the Manager, on behalf of the IP Holder (or
any Additional IP Holder), is advised by counsel, that the instruments or filing of such instruments to perfect the Trustee’s security interest granted under the Base Indenture and the Global G&C Agreement in the Patents, Trademarks and
Copyrights included in the Domino’s IP may have an adverse effect on the validity of any Securitization Entity’s ownership of such Domino’s IP, then such jurisdiction for purposes of this clause (d) shall be deemed to
qualify as a Perfected Country for purposes of calculating the Perfection Ratio; (B) if in any jurisdiction, the Manager, on behalf of the Master Issuer, has delivered notice to the Control Party to the effect that there is no recording or
registration system in such jurisdiction available to perfect the Trustee’s security interest granted under the Base Indenture and the Global G&C Agreement in the Patents, Trademarks and Copyrights included in the Domino’s IP, then
such jurisdiction for purposes of this clause (d) shall be deemed to qualify as a Perfected Country for purposes of calculating the Perfection Ratio; and (C) upon the request of the Manager, on behalf of the Master Issuer, the
Control Party may decide to deem any jurisdiction to be a Perfected Country for purposes of calculating the Perfection Ratio (such request not to be unreasonably denied), if the Manager 

  
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delivers a written notice to the Control Party stating that the preparation and filing of any instruments to perfect the Trustee’s security interest granted under the Base Indenture and the
Global G&C Agreement in the Patents, Trademarks and Copyrights included in the Domino’s IP would cause the Securitization Entities to incur an unreasonable expense relative to the value of the Domino’s IP in such jurisdiction and
specifying such value and expense in reasonable detail; provided that the foregoing clauses (A) through (C) shall be inapplicable to any of the Specified Countries. 

(e)    If any Co-Issuer or any Guarantor, either itself or through any agent,
licensee or designee, shall file an application for the registration of any Patent, Trademark or Copyright with the PTO, the United States Copyright Office or any similar office or agency in any foreign country in which Domino’s IP is located
(only to the extent that doing so would not be reasonably expected to adversely affect the validity of any Securitization Entity’s ownership of such Domino’s IP), such Co-Issuer or Guarantor in a
reasonable time after such filing (and in any event within ninety (90) days) (i) shall give the Trustee and the Control Party written notice thereof and (ii) upon reasonable request of the Control Party, subject to
Section 3.1(a)(iv), shall execute and deliver all instruments and documents, and take all further action, that the Control Party may so request in order to continue, perfect or protect the security interest granted
hereunder in the United States and, consistent with the obligations set forth in clause (d) above, any Included Country, including, without limitation, executing and delivering (x) the Supplemental Grant of Security Interest in
Trademarks substantially in the form attached as Exhibit E-1 hereto, (y) the Supplemental Grant of Security Interest in Patents substantially in the form attached as Exhibit E-2 hereto and/or (z) the Supplemental Grant of Security Interest in Copyrights substantially in the form attached as Exhibit E-3 hereto, as applicable;
provided, however, that the filing of such instruments and documents, and the undertaking of any other requested action, does not have an adverse effect on the validity of any Securitization Entity’s ownership of such
Domino’s IP. 
 (f)    In the event that any material Domino’s IP is infringed upon, misappropriated or
diluted by a third party in a material manner, the IP Holder (or any Additional IP Holder) upon becoming aware of such infringement, misappropriation or dilution shall promptly notify the Trustee and the Control Party in writing. The IP Holder (or
any Additional IP Holder) will take all reasonable and appropriate actions, at its expense, to protect or enforce such material Domino’s IP, including, if reasonable, suing for infringement, misappropriation or dilution and seeking an
injunction (including, if appropriate, temporary and/or preliminary injunctive relief) against such infringement, misappropriation or dilution, unless the failure to take such actions on behalf of the IP Holder (or any Additional IP Holder) by the
Manager would not constitute a breach by the Manager of the Management Agreement; provided that if the IP Holder (or any Additional IP Holder) decides not to take any action with respect to a material infringement, misappropriation or
dilution, the IP Holder (or the applicable Additional IP Holder) shall deliver written notice to the Trustee, the Manager, the Back-Up Manager and the Control Party setting forth in reasonable detail the basis
for its decision not to act, and none of the Manager, the Trustee, the Back-Up Manager or the Control Party will be required to take any actions on their behalf to protect or enforce the Domino’s IP
against such infringement, misappropriation or dilution. 

  
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 Section 8.26 [Reserved]. 

Section 8.27 Real Property. No Co-Issuer shall, or shall permit any other Securitization
Entity to, enter into any lease of real property (other than any lease of real property entered into by the Master Issuer or in connection with any Refranchising Asset Disposition). No Co-Issuer shall, or
shall permit any other Securitization Entity to, acquire any fee interest in real property (other than any fee interest in real property acquired by the Domestic Distribution Real Estate Holder). 

Section 8.28 No Employees. The Co-Issuers and the other Securitization Entities shall have
no employees. 
 Section 8.29 Insurance. The Co-Issuers shall maintain, or cause the
Manager to maintain, with financially sound insurers with an S&P Credit Rating of not less than “BBB-” and with a claims-paying ability rated not less than “
A-: VI” by A.M. Best’s Key Rating Guide, insurance coverages customary for business operations of the type conducted in respect of the System; provided that the
Co-Issuer will cause the Manager to list each Securitization Entity as an “additional insured” or “loss payee” on any insurance maintained by the Manager for the benefit of the
Securitization Entity, which as of the Closing Date shall include every insurance policy maintained by the Domino’s Entities. The terms and conditions of all such insurance shall be no less favorable to the
Co-Issuers than the terms and conditions of insurance maintained by their Affiliates that are not Securitization Entities. The Co-Issuers shall annually provide to the
Trustee, the Servicer and the Back-Up Manager evidence reasonably satisfactory to the Servicer (which may be by covernote) that the insurance required to be maintained by the
Co-Issuers hereunder is in full force and effect, by not later than April 30 of each calendar year. Notwithstanding anything to the contrary contained herein, the
Co-Issuers’ obligation under this Section 8.29 with respect to each applicable Domestic Franchise Arrangement, International Franchise Arrangement and the Company-Owned Stores
Master License Agreement shall be deemed satisfied if the applicable Securitization Entity has contractually obligated the Franchisee party to such Franchise Arrangement or DPL, as party to the Company-Owned Stores Master License Agreement to
maintain insurance with respect to such Franchise Arrangement or the Company-Owned Stores Master License Agreement, as the case may be, in a manner that is customary for business operations of this type. 

Section 8.30 Litigation. If Holdco is not then subject to Section 13 or 15(d) of the Exchange Act, the Co- Issuers shall, on each Quarterly Payment Date, provide a written report to the Servicer, the Manager, the Back-Up Manager, any
Class A-1 Administrative Agent and the Rating Agencies that sets forth all outstanding litigation, arbitration or other proceedings against any Domino’s Entity that would have been required to be
disclosed in Holdco’s annual reports, quarterly reports and other public filings which Holdco would have been required to file with the Securities and Exchange Commission pursuant to Section 13 or 15(d) of the Exchange Act if Holdco were
subject to such Sections. 
 Section 8.31 Environmental. The Co-Issuers shall, and shall
cause each other Securitization Entity to, promptly notify the Servicer, the Manager, the Back-Up Manager, the Trustee, any Class A-1 Administrative Agent and the
Rating Agencies, in writing, upon receipt of any written notice of which any Securitization Entity becomes aware from any source (including but not limited to a governmental entity) relating in any way to any possible material liability of any
Securitization Entity pursuant to any Environmental Law. 

  
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 Section 8.32 Enhancements. No Enhancement shall be provided in respect of any
Series of Notes, nor will any Enhancement Provider have any rights hereunder, as third-party beneficiary or otherwise, unless the Servicer has provided its prior written consent to such Enhancement, such consent not to be unreasonably withheld. 

Section 8.33 Series Hedge Agreements: Derivatives Generally. 

(a)    No Series Hedge Agreement shall be provided in respect of any Series of Notes, nor will any Hedge Counterparty have
any rights hereunder, as third-party beneficiary or otherwise, unless the Control Party has provided its prior written consent to such Series Hedge Agreement, such consent not to be unreasonably withheld, and the Master Issuer has delivered a copy
of such prior written consent to the Rating Agencies. 
 (b)    Without the prior written consent of the Control Party,
no Co-Issuer will, or will permit any other Securitization Entity to, enter into any derivative contract, swap, option, hedging contract, forward purchase contract or other similar agreement or instrument
(other than forward purchase agreements entered into by the Master Issuer with third-party vendors on behalf of the System in the ordinary course of business) if any such contract, agreement or instrument requires the
Co-Issuers to expend any financial resources to satisfy any payment obligations owed in connection therewith; provided that the Master Issuer shall deliver a copy of any such prior written consent to
the Rating Agencies and any Class A-1 Administrative Agent. 
 Section 8.34 Additional
Securitization Entity. 
 (a)    Any Co-Issuer in accordance with and as
permitted under the Related Documents, may form or cause to be formed an Additional Securitization Entity without the consent of the Control Party; provided that such Additional Securitization Entity is a Delaware limited liability company or
a Delaware corporation (so long as the use of such corporate form is reasonably satisfactory to the Control Party) and has adopted Charter Documents substantially similar to the Charter Documents of the Securitization Entities that are Delaware
limited liability companies or Delaware corporations, as applicable, as in existence on the Closing Date. 
 (b)    If
any Co-Issuer desires to create, incorporate, form or otherwise organize an Additional Securitization Entity that does not comply with the proviso set forth in clause (a) above, such Co-Issuer shall first obtain the prior written consent of the Control Party, such consent not to be unreasonably withheld; provided that the Master Issuer shall deliver a copy of any such prior written
consent to the Rating Agencies and any Class A-1 Administrative Agent. 

(c)    In connection with the organization of any Additional Securitization Entity in conjunction with clause
(a) or (b) above, the Co-Issuers shall request and implement the direction of the Control Party at such time of formation as to whether the Co-Issuers shall
designate such Additional Securitization Entity as (i) an Additional Co-Issuer or (ii) an Additional Subsidiary Guarantor. 

(d)    In connection with the organization of any Additional Securitization Entity in conjunction with clause
(a) or (b) above, the Co-Issuers shall, if applicable, designate such Additional Securitization Entity as (i) an Additional Franchisor; provided that such Additional Securitization Entity
acts as a “franchisor,” (ii) an Additional IP Holder; provided that 

  
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such Additional Securitization Entity owns Domino’s IP, (iii) an Additional Distributor; provided that such Additional Securitization Entity operates a distribution business,
and/or (iv) an Additional Asset Holder, provided that such Securitization Entity owns or leases either equipment, real estate or both equipment and real estate; 

(e)    If such Additional Securitization Entity is designated to be an Additional
Co-Issuer, the Co-Issuers shall cause such Additional Securitization Entity to promptly execute a Supplement to the Indenture in the form of Exhibit M pursuant to
which such Additional Securitization Entity shall become jointly and severally obligated under the Indenture with the other Co-Issuers. 

(f)    If such Additional Securitization Entity is designated to be an Additional Subsidiary Guarantor, the Co-Issuer shall cause such Additional Securitization Entity to promptly execute an Assumption Agreement in form set forth as Exhibit A to the Global G&C Agreement shall become jointly and severally obligated
under the Global G&C Agreement with the other Guarantors. 
 (g)    Upon the execution and delivery of a Supplement
as required by clause (e) above, any Additional Securitization Entity party thereto will become a party to the Indenture with the same force and effect as if originally named therein as a Co-Issuer
and, without limiting the generality of the Indenture, will assume all Obligations and liabilities of a Co-Issuer thereunder. 

(h)    Upon the execution and delivery of an Assumption Agreement as required in clause (f) above, any
Additional Securitization Entity party thereto will become a party to the Global G&C Agreement with the same force and effect as if originally named therein as a Guarantor and, without limiting the generality of the Global G&C Agreement,
will assume all Obligations and liabilities of a Guarantor thereunder. 
 (i)    The Control Party will
have the right to direct that Future Brand Assets be held by one or more newly formed Additional IP Holders if the Control Party reasonably believes that such Future Brand Assets could impair the Collateral if it were held by the IP Holder and that
separating the ownership of such Future Brand Assets from the rest of the Domino’s IP will not impair the enforceability of the Domino’s IP. In making any determination with respect to Future Brand Assets, the Control Party will have the
right to consult with the Back-Up Manager or other third-party experts. 
 Section 8.35
Subordinated Debt Repayments. No Co-Issuer shall repay any Subordinated Debt or Senior Subordinated Debt after the Series Anticipated Repayment Date with amounts obtained by the Master Issuer from the
SPV Guarantor, Domino’s International or any other direct or indirect owner of Equity Interests of the Master Issuer in the form of any capital contributions or any portion of any Residual Amounts distributed to the Master Issuer pursuant to
the Priority of Payments unless and until all Senior Notes Outstanding have been paid in full and are no longer Outstanding. 

Section 8.36 Tax Lien Reserve Amount. Upon receipt of any Tax Lien Reserve Amount, the Master Issuer will remit such amount to a
collateral deposit account established with and 

  
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controlled by the Trustee in which the Trustee shall have a security interest; provided that the Trustee will not release such Tax Lien Reserve Amount from such account unless:
(a) the Servicer instructs the Trustee in writing to withdraw and pay all of such Tax Lien Reserve Amount in accordance with the written instructions of the Master Issuer upon receipt by the Trustee, the Servicer, the Manager, the Back-Up Manager and the Controlling Class Representative of reasonably satisfactory evidence that the Lien for which such Tax Lien Reserve Amount was established has been released by the Internal Revenue
Service; (b) the Master Issuer, or the Manager on behalf of the Master Issuer, delivers written instructions to the Trustee to withdraw and pay all or a portion of such Tax Lien Reserve Amount to the Internal Revenue Service on behalf of the
Domino’s Entities; provided that the Master Issuer shall deliver, or cause to be delivered, prior written notice of any such written instruction to the Servicer; or (c) the Control Party instructs the Trustee in writing to withdraw
and pay all or a portion of such Tax Lien Reserve Amount to the Internal Revenue Service (i) upon the occurrence and during the continuation of an Event of Default or (ii) upon receipt of written notice from any Securitization Entity
stating that the Internal Revenue Service intends to execute on the Lien for which such Tax Lien Reserve Amount was established in respect of any assets of any Securitization Entity; provided that the Control Party shall deliver a copy of any
such written instruction to DPL. 
 Section 8.37 Mortgages. The Domestic Distribution Real Estate Holder shall have, within
ninety (90) days of the Closing Date with respect to each owned Domestic Manufacturing and Distribution Center existing as of the Closing Date and within ninety (90) days of the acquisition of any owned Domestic Manufacturing and
Distribution Center acquired on or after the Closing Date, executed and delivered to the Trustee, for the benefit of the Secured Parties, a Mortgage in substantially the form attached as Exhibit L hereto and suitable for recordation under
applicable law with respect to each such owned Domestic Manufacturing and Distribution Center to be held in escrow by the Trustee or its agent and recorded by the Trustee or its agent solely upon the occurrence of a Mortgage Recordation Event
(subject to Section 3.1(c) hereof). For the avoidance of doubt, the Domestic Distribution Real Estate Holder shall not be required to, and the Trustee may not, record or cause to be recorded any Manufacturing and Distribution
Center Mortgage until the occurrence of a Mortgage Recordation Event. Upon the request of the Domestic Distribution Real Estate Holder, and at the direction of the Manager, the Trustee shall execute and deliver a release of mortgage to be held in
escrow pending a closing of a sale of any owned Domestic Manufacturing and Distribution Center; provided that if such closing shall not occur, such release of mortgage shall be returned by the escrow agent directly to the Trustee. 

ARTICLE IX 
 REMEDIES

 Section 9.1 Rapid Amortization Events. Upon the occurrence, as and when declared by the Control Party (at the direction
of the Controlling Class Representative) by written notice to the Trustee and the Co-Issuers, of any one of the following events: 

(a)    the Quarterly DSCR or, on and after the Springing Amendments Implementation Date, the DSCR, with respect to any
Quarterly Payment Date is less than the Rapid Amortization DSCR Threshold; 

  
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 (b)    on any Quarterly Payment Date, the sum of Global Retail Sales for
all Stores for the thirteen (13) Fiscal Periods ended on the last day of the immediately preceding Fiscal Period is less than $4,150,000,000; 

(c)    a Manager Termination Event shall have occurred; 

(d)    an Event of Default shall have occurred; or 

(e)    the Co-Issuers have not repaid or refinanced any Series of Notes (or
Class or Subclass thereof) in full on or prior to its respective Series Anticipated Repayment Date, 
 a “Rapid Amortization Event”
shall be deemed to have occurred without the giving of further notice or any other action on the part of the Trustee or any Noteholder; provided, however, that upon the occurrence of the event set forth in clause (e) above,
a Rapid Amortization Event shall automatically occur without any declaration thereof by the Control Party (at the direction of the Controlling Class Representative) unless the Control Party (at the direction of the Controlling
Class Representative) and each affected Noteholder has agreed to waive such event in accordance with Section 13.2; and provided further that if a Rapid Amortization Event occurs pursuant to clause (e) above and
(i) the Quarterly DSCR or, on and after the Springing Amendments Implementation Date, the DSCR, as of the applicable Series Anticipated Repayment Date is greater than 2.0x and (ii) the applicable Series of Notes (or Class or Subclass
thereof) is repaid or refinanced within one calendar year of such Series Anticipated Repayment Date; then such Rapid Amortization Event shall no longer be in effect and the Rapid Amortization Period relating to such Rapid Amortization Event shall
end. For the avoidance of doubt, any Scheduled Principal Payments set forth in any Series Supplement shall continue to be made when due and payable subsequent to the occurrence of a Rapid Amortization Event, except that no Scheduled Principal
Payments with respect to any Series of Notes shall be due and payable subsequent to the occurrence of a Rapid Amortization Event set forth in clause (e) above. Upon the occurrence of a Rapid Amortization Event, the Trustee, at the
direction of the Control Party, will deliver, for recordation, the Manufacturing and Distribution Center Mortgages granted by the Domestic Distribution Real Estate Holder and held in escrow by the Trustee for the benefit of the Secured Parties,
unless such requirement to record is waived by the Control Party, acting at the direction of the Controlling Class Representative. 

Section 9.2 Events of Default. If any one of the following events shall occur (each an “Event of Default”): 

(a)    any Co-Issuer defaults in the payment of interest on, or other amount
payable (other than amounts referred to in clause (b) below) in respect of, any Series of Notes Outstanding when the same becomes due and payable (in each case without giving effect to payments of any interest on, or other amount payable
in respect of, any Series of Notes made by any financial guarantor that has insured or guaranteed payment of interest on, or other amounts payable in respect of, such Series of Notes) and such default continues for two Business Days; provided
that if the failure to pay such interest or other amount when the same becomes due and payable resulted solely from an administrative error or omission by the Trustee, such default continues for a period of two Business Days after the Trustee
receives written notice or an Authorized Officer of the Trustee has Actual Knowledge of such administrative error or 

  
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omission); and provided that the failure to pay any Prepayment Premium on any prepayment of principal made during any Rapid Amortization Period occurring prior to the related Series Anticipated
Repayment Date will not be an Event of Default; and provided, further, that failure to pay any contingent interest on any Series of Notes in excess of amounts available therefor in accordance with the Priority of Payments will not be an Event of
Default, including any such failure on the Series Legal Final Maturity Date for such Series of Notes; 
 (b)    any Co-Issuer defaults in the payment of any principal of any Series of Notes Outstanding when the same becomes due and payable (whether on any Series Legal Final Maturity Date, any redemption date, any prepayment date
or any maturity date or otherwise with respect to such Series and without giving effect to payments of any principal of any Series of Notes made by any financial guarantor that has insured or guaranteed payment of principal of such Series of Notes);
provided that if the failure to pay such principal when due resulted solely from an administrative error or omission by the Trustee, such default continues for a period of two Business Days after the Trustee receives written notice or an Authorized
Officer of the Trustee has Actual Knowledge of such administrative error or omission; 
 (c)    the Quarterly DSCR, or,
on and after the Springing Amendments Implementation Date, the DSCR, with respect to any Quarterly Payment Date is less than 1.1; 

(d)    (i) except as otherwise provided in this clause (d), any Securitization Entity fails to comply with any of its
other agreements or covenants in, or other provisions of, the Indenture or any other Related Document (other than with respect to any provision of the Charter Documents covered by clause (i) below) to which it is a party and the failure
continues unremedied for a period of thirty (30) days, (ii) in the case of a failure to comply with any of the agreements, covenants or provisions of any IP License Agreement, such longer cure period, not to exceed 90 days, as may be permitted
under such IP License Agreement, or (iii) solely with respect to a failure to comply with (1) any obligation to deliver a notice, report or other communication within the specified time frame set forth in the applicable Related Document,
such failure continues for a period of five Business Days after the specified time frame for delivery has elapsed or (2) Sections 8.7, 8.12, 8.13, 8.14, 8.15, 8.17, 8.18, 8.19, 8.20, 8.21, 8.22, 8.23, 8.24, 8.25, 8.27 and 8.28, such failure
continues for a period of ten Business Days, in each case, after the earlier of (x) the date on which any Securitization Entity obtains knowledge thereof or (y) the date on which written notice of such failure, requiring the same to be
remedied, is given to any Securitization Entity by the Trustee or to each Securitization Entity and the Trustee by the Control Party (at the direction of the Controlling Class Representative); 

(e)    any representation made by any Securitization Entity in the Indenture or any other Related Document is false in any
material respect when made and such false representation is not cured for a period of thirty (30) days after the earlier of (i) the date on which any Securitization Entity obtains knowledge thereof or (ii) the date that written notice
thereof is given to any Securitization Entity by the Trustee or to each Securitization Entity and the Trustee by the Control Party (at the direction of the Controlling Class Representative); provided, however, that no Event of
Default shall occur pursuant to this clause (e) if, with respect to any such representation deemed to have been false in any material respect when made, (i) Domino’s International, the Canadian Manufacturer, DPL, PMC LLC, PFS,
the Overseas Franchisor or the Overseas IP Holder, as the case may be, has made an Indemnification Payment to the SPV 

  
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Guarantor, the IP Holder, the International Franchisor, the Canadian Distributor or the Domestic Distribution Equipment Holder, as the case may be, pursuant to Section 7.1 of the
Domino’s International Contribution and Sale Agreement, the IP Assets Contribution Agreement, the DPL Contribution and Sale Agreement, the Canadian Distribution Assets Sale Agreement, any of the Overseas Contribution Agreements or any of the
Domestic Distribution Contribution Agreements, as the case may be, and the SPV Guarantor, if applicable, has made a contribution equal to such Indemnification Payment to the Master Issuer in accordance with Section 2 of the SPV Guarantor
Contribution Agreement or Section 7.1 of the SPV Guarantor Domestic Distribution and Overseas IP Holder Contribution Agreement, as applicable, with respect to such representation or the Manager has made an indemnification payment to the Master
Issuer pursuant to Section 2.8 of the Management Agreement and (ii) such Indemnification Payment has been deposited into the Collection Account; 

(f)    the occurrence of an Event of Bankruptcy with respect to any Securitization Entity; 

(g)    the Securities and Exchange Commission or other regulatory body having jurisdiction reaches a final determination
that any Securitization Entity is an “investment company” or is under the “control” of an “investment company”; 

(h)    any of the Related Documents or any material portion thereof ceases to be in full force and effect, enforceable in
accordance with its terms against any Domino’s Entity bound thereby or any Domino’s Entity so asserts in writing, other than (A) a Related Document that is terminated in accordance with the express termination provisions thereof or
pursuant to a Permitted Asset Disposition, or that is terminated in the ordinary course of business and which termination could not reasonably be expected to result in a Material Adverse Effect, and (B) a Related Document that ceases to be in
full force and effect, or enforceable in accordance with its terms, because of actions, omissions, or breaches of representations or warranties by any party to such Related Document that is not a Domino’s Entity; 

(i)    any Securitization Entity fails to comply in any material respect with any of the provisions of Section 5(c),
7, 8, 9(a), 9(h), 9(j), 10, 11(f), 16, 20(a)(v), 20(a)(vi), 21, 22, 23, 24, 25 or 30 of the Master Issuer Operating Agreement or the comparable provisions of any other Securitization Entity’s Charter Documents and such failure continues for a
period of five (5) Business Days after (i) the date on which any Securitization Entity obtains knowledge thereof or (ii) the date on which written notice of such failure is given to any Securitization Entity by the Trustee or to each
Securitization Entity and the Trustee by the Control Party (at the direction of the Controlling Class Representative); 

(j)    the transfer of any material portion of the property contributed pursuant to any
Pre-Securitization Contribution and Sale Agreement, the Domino’s International Contribution and Sale Agreement, any Overseas Contribution Agreement or any Domestic Distribution Contribution Agreement
fails to constitute a valid transfer of ownership of such property and the Proceeds thereof (other than any such property that, in the Control Party’s determination, is immaterial, or that has been disposed of to the extent permitted or
required under the Related Documents); provided, however, that no Event of Default will occur pursuant to this clause (i) if, with respect to any such property deemed not have been validly transferred,

  
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Domino’s International has made an Indemnification Payment to the SPV Guarantor pursuant to Section 7.1 of the Domino’s International Contribution and Sale Agreement or the
Domino’s International Domestic Distribution and Overseas IP Holder Contribution Agreement, as applicable, with respect to such property and the SPV Guarantor has made a contribution equal to such Indemnification Payment to the Master Issuer
pursuant to Section 2 of the SPV Guarantor Contribution Agreement or Section 7.1 of the SPV Guarantor Domestic Distribution and Overseas IP Holder Contribution Agreement, as applicable, with respect to such property; 

(k)    (i) the IP Holder (or any Additional IP Holder) fails to have good title to the Domino’s IP, free and clear of
all Liens, other than Permitted Liens or (ii) the Master Issuer itself or through any of its wholly-owned Subsidiaries fails to have good title to the Franchise Arrangements, the Distribution Assets and all other Collateral (except for the
Domino’s IP), free and clear of all Liens, other than Permitted Liens, in each of cases (i) and (ii) except in each case for such failures which, collectively, could not reasonably be expected to result in a Material Adverse Effect; 

(l)    the Trustee ceases to have for any reason a valid and perfected first priority security interest in the Collateral
to the extent required by the Related Documents or any Domino’s Entity or any Affiliate thereof so asserts in writing (excluding any Collateral with an aggregate fair value of less than $25,000,000 and any Collateral in which perfection cannot
be achieved under the UCC or other applicable law); 
 (m)    a final judgment or order for the payment of money is
rendered against any Securitization Entity and such judgment or order is in an amount that, when aggregated with the amount of other unsatisfied final judgments or orders against any Securitization Entity exceeds $10,000,000 and either:
(i) such judgment or order is not discharged within the period of thirty (30) days after entry thereof or (ii) there is any period of thirty (30) consecutive days during which a stay of enforcement of such judgment or order is
not in effect; 
 (n)    the IRS files notice of a lien pursuant to Section 6323 of the Code with regard to the
assets of any Securitization Entity and such lien has not been released within 60 days, unless (i) Holdco has provided evidence that payment to satisfy the full amount of the asserted liability has been provided to the IRS, and the IRS has
released such asserted lien within 60 days of such payment, or (ii) such lien or the asserted liability is being contested in good faith and a Tax Lien Reserve Amount exists, which such funds are set aside and remitted to a collateral deposit
account as provided in Section 8.36; or 
 (o)    on and after the Springing Amendments
Implementation Date, an Advance Period shall have occurred and be continuing for 90 or more consecutive days; 
 then (i) in the case of any event
described in each clause above (except for clause (f) thereof) that is continuing the Trustee, at the direction of the Control Party (at the direction of the Controlling Class Representative) and on behalf of the Noteholders, by
written notice to the Co-Issuers, may declare the Notes of all Series to be immediately due and payable, and upon any such declaration the unpaid principal amount of the Notes of all Series, together with
accrued and unpaid interest thereon through the date of acceleration, and all other amounts due to the Noteholders and the other Secured Parties under the Indenture Documents shall become immediately due and payable

  
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or (ii) in the case of any event described in clause (f) above, the unpaid principal amount of the Notes of all Series, together with interest accrued but unpaid thereon through
the date of acceleration, and all other amounts due to the Noteholders and the other Secured Parties under the Indenture, shall immediately and without further act become due and payable. Promptly following its receipt of written notice hereunder of
any Event of Default, the Trustee shall send a copy thereof to the Co-Issuers, the Servicer, each Rating Agency, the Controlling Class Representative, the Manager, the
Back-Up Manager, each Noteholder and each other Secured Party. 
 At any time after such a
declaration of acceleration with respect to the Notes has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee, as hereinafter provided in this Article IX, the Control Party (at the direction
of the Controlling Class Representative), by written notice to the Co-Issuers and to the Trustee, may rescind and annul such declaration and its consequences, if all existing Events of Default, other than
the non-payment of the principal of the Notes which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 9.7. No such
rescission shall affect any subsequent default or impair any right consequent thereon. Any acceleration resulting from any event described in clause (f) above may not be rescinded. 

Section 9.3 Rights of the Control Party and Trustee upon Event of Default. 

(a)    Payment of Principal and Interest. Each Co-Issuer covenants that if
(i) default is made in the payment of any interest on any Series of Notes Outstanding when the same becomes due and payable, (ii) the Notes are accelerated following the occurrence of an Event of Default or (iii) default is made in
the payment of the principal of, or premium, if any, on any Series of Notes Outstanding when due and payable, the Co-Issuers will, to the extent of funds available, upon demand of the Trustee, at the direction
of the Control Party (subject to Section 11.4(e), at the direction of the Controlling Class Representative), pay to the Trustee, for the benefit of the Noteholders, the whole amount then due and payable on the Notes
for principal, premium, if any, and interest, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the applicable Note Rate and any default rate, as applicable, and in addition
thereto such further amount as shall be sufficient to cover costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee and its agents and counsel. 

(b)    Proceedings To Collect Money. In case any Co-Issuer shall fail
forthwith to pay such amounts upon such demand, the Trustee at the direction of the Control Party (at the direction of the Controlling Class Representative), in its own name and as trustee of an express trust, may institute a Proceeding for the
collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and may enforce the same against any Co-Issuer and collect in the manner provided by law out of the
property of any Co-Issuer, wherever situated, the moneys adjudged or decreed to be payable. 

  
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 (c)    Other Proceedings. If and whenever an Event of Default
shall have occurred and be continuing, the Trustee, at the direction of the Control Party (subject to Section 11.4(e), at the direction of the Controlling Class Representative) shall take one or more of the following
actions: 
 (i)    proceed to protect and enforce its rights and the rights of the Noteholders and the
other Secured Parties, by such appropriate Proceedings as the Control Party (at the direction of the Controlling Class Representative) shall deem most effective to protect and enforce any such rights, whether for the specific enforcement of any
covenant or agreement in the Indenture or any other Related Document or in aid of the exercise of any power granted therein, or to enforce any other proper remedy or legal or equitable right vested in the Trustee by the Indenture or any other
Related Document or by law, including any remedies of a secured party under applicable law; 

(ii)    (A) direct the Co-Issuers to exercise (and each Co- Issuer agrees to exercise) all rights, remedies, powers, privileges and claims of any Co-Issuer against any party to any Collateral Document arising as a result of the
occurrence of such Event of Default or otherwise, including the right or power to take any action to compel performance or observance by any such party of its obligations to any Co-Issuer, and any right of any
Co-Issuer to take such action independent of such direction shall be suspended, and (B) if (x) the Co-Issuers shall have failed, within ten (10) Business Days
of receiving the direction of the Trustee (given at the direction of the Control Party (at the direction of the Controlling Class Representative)), to take commercially reasonable action to accomplish such directions of the Trustee,
(y) any Co-Issuer refuses to take such action or (z) the Control Party (at the direction of the Controlling Class Representative) reasonably determines that such action must be taken
immediately, take such previously directed action (and any related action as permitted under the Indenture thereafter determined by the Trustee or the Control Party to be appropriate without the need under this provision or any other provision under
the Indenture to direct the Co-Issuers to take such action); 

(iii)    institute Proceedings from time to time for the complete or partial foreclosure of the Indenture
or, to the extent applicable, any other Related Document, with respect to the Collateral; provided that the Trustee will not be required to take title to any real property in connection with any foreclosure or other exercise of remedies
hereunder or under such Related Documents and title to such property will instead be acquired in an entity designated and (unless owned by a third party) controlled by the Control Party; and/or 

(iv)    sell all or a portion of the Collateral at one or more public or private sales called and conducted
in any manner permitted by law; provided, however, that the Trustee shall not proceed with any such sale without the prior written consent of the Control Party (at the direction of the Controlling Class Representative) and the
Trustee will provide notice to the Co-Issuers and each Holder of Subordinated Notes and Senior Subordinated Notes of a proposed sale of Collateral. 

(d)    Sale of Collateral. In connection with any sale of the Collateral hereunder, under the Global G&C
Agreement (which may proceed separately and independently from the exercise of remedies under the Indenture) or under any judgment, order or decree in any judicial 

  
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proceeding for the foreclosure or involving the enforcement of the Indenture, the Global G&C Agreement or any other Related Document: 

(i)    any of the Trustee, any Noteholder, any Enhancement Provider, any Hedge Counterparty and/or any
other Secured Party may bid for and purchase the property being sold, and upon compliance with the terms of the sale may hold, retain, possess and dispose of such property in its own absolute right without further accountability; 

(ii)    the Trustee (at the direction of the Control Party (at the direction of the Controlling
Class Representative)) may make and deliver to the purchaser or purchasers a good and sufficient deed, bill of sale and instrument of assignment and transfer of the property sold; 

(iii)    all right, title, interest, claim and demand whatsoever, either at law or in equity or otherwise,
of any Securitization Entity of, in and to the property so sold shall be divested; and such sale shall be a perpetual bar both at law and in equity against such Securitization Entity, its successors and assigns, and against any and all Persons
claiming or who may claim the property sold or any part thereof from, through or under such Securitization Entity or its successors or assigns; and 

(iv)    the receipt of the Trustee or of the officer thereof making such sale shall be a sufficient
discharge to the purchaser or purchasers at such sale for his or their purchase money, and such purchaser or purchasers, and his or their assigns or personal representatives, shall not, after paying such purchase money and receiving such receipt of
the Trustee or of such officer therefor, be obliged to see to the application of such purchase money or be in any way answerable for any loss, misapplication or non-application thereof. 

(e)    Application of Proceeds. Any amounts obtained by the Trustee on account of or as a result of the exercise by
the Trustee of any right hereunder or under the Global G&C Agreement shall be held by the Trustee as additional collateral for the repayment of Obligations, shall be deposited into the Collection Account and shall be applied as provided in
Article V; provided, however, that unless otherwise provided in this Article IX, that with respect to any distribution to any Class of Notes, notwithstanding the provisions of Article V, such amounts shall be
distributed sequentially in order of alphabetical designation and pro rata among each Class of Notes of the same alphabetical designation based upon Outstanding Principal Amount of the Notes of each such Class. 

(f)    Additional Remedies. In addition to any rights and remedies now or hereafter granted hereunder or under
applicable law with respect to the Collateral, the Trustee shall have all of the rights and remedies of a secured party under the UCC as enacted in any applicable jurisdiction. 

(g)    Proceedings. The Trustee may maintain a Proceeding even if it does not possess any of the Notes or does not
produce any of them in the Proceeding, and any such Proceeding instituted by the Trustee shall be in its own name as trustee. All remedies are cumulative to the extent permitted by law. 

  
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 (h)    Power of Attorney. Each
Co-Issuer hereby grants to the Trustee an absolute power of attorney to sign, upon the occurrence and during the continuance of an Event of Default, any document which may be required by the PTO, United States
Copyright Office, any similar office or agency in each foreign country in which any Domino’s IP is located, or any other Governmental Authority in order to effect an absolute assignment of all right, title and interest in or to any
Domino’s IP, and record the same. 
 Section 9.4 Waiver of Appraisal, Valuation, Stay and Right to Marshaling. To the
extent it may lawfully do so, each Co-Issuer for itself and for any Person who may claim through or under it hereby: 

(a)    agrees that neither it nor any such Person will step up, plead, claim or in any manner whatsoever take advantage of
any appraisal, valuation, stay, extension or redemption laws, now or hereafter in force in any jurisdiction, which may delay, prevent or otherwise hinder (i) the performance, enforcement or foreclosure of the Indenture or the Global G&C
Agreement, (ii) the sale of any of the Collateral or (iii) the putting of the purchaser or purchasers thereof into possession of such property immediately after the sale thereof; 

(b)    waives all benefit or advantage of any such laws; 

(c)    waives and releases all rights to have the Collateral marshaled upon any foreclosure, sale or other enforcement of
the Indenture; and 
 (d)    consents and agrees that, subject to the terms of the Indenture and the Global G&C
Agreement, all the Collateral may at any such sale be sold by the Trustee as an entirety or in such portions as the Trustee may (upon direction by the Controlling Class Representative) determine. 

Section 9.5 Limited Recourse. Notwithstanding any other provision of the Indenture, the Notes or any other Related Document or
otherwise, the liability of the Securitization Entities to the Noteholders and any other Secured Parties under or in relation to the Indenture, the Notes or any other Related Document or otherwise, is limited in recourse to the Collateral. The
Collateral having been applied in accordance with the terms hereof, none of the Noteholders or any other Secured Parties shall be entitled to take any further steps against any Securitization Entity to recover any sums due but still unpaid
hereunder, under the Notes or under any of the other agreements or documents described in this Section 9.5, all claims in respect of which shall be extinguished. 

Section 9.6 Optional Preservation of the Collateral. If the maturity of the Outstanding Notes of each Series has been accelerated
pursuant to Section 9.2 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Trustee, at the direction of the Control Party (acting at the direction of the
Controlling Class Representative), shall elect to maintain possession of such portion, if any, of the Collateral as the Control Party (acting at the direction of the Controlling Class Representative) shall in its discretion determine. 

Section 9.7 Waiver of Past Events. Prior to the declaration of the acceleration of the maturity of each Series of Notes
Outstanding as provided in Section 9.2 and subject to Section 13.2, 

  
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the Control Party (at the direction of the Controlling Class Representative) by notice to the Trustee and the Rating Agencies, may waive any existing Default or Event of Default described in
any clause of Section 9.2 (except clause (f) thereof) and its consequences; provided, however, that before any waiver may be effective, the Trustee and the Servicer must have received any reimbursement
then due or payable in respect of unreimbursed Advances (including interest thereon) or any other amounts then due to the Servicer or the Trustee hereunder or under the Related Documents; provided, further, that the Control Party shall
provide written notice of any such waiver to each Rating Agency. Upon any such waiver, such Default shall cease to exist and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of the Indenture, but no such
waiver shall extend to any subsequent or other Default or impair any right consequent thereon. A Default or an Event of Default described in clause (f) of Section 9.2 shall not be subject to waiver without the
consent of the Control Party (acting at the direction of the Controlling Class Representative) and each Noteholder. Subject to Section 13.2, the Control Party (at the direction of the Controlling
Class Representative), by notice to the Trustee and the Rating Agencies, may waive any existing Potential Rapid Amortization Event or any existing Rapid Amortization Event; provided, however, that a Rapid Amortization Event
described in clause (e) of Section 9.1 relating to a particular Series of Notes (or Class thereof) shall not be permitted to be waived by any party unless each affected Noteholder has consented to such
waiver. 
 Section 9.8 Control by the Control Party. Notwithstanding any other provision hereof, the Control Party (subject to
Section 11.4(e), at the direction of the Controlling Class Representative) may cause the institution of and direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or
exercise any trust or power conferred on the Trustee; provided that: 
 (a)    such direction of time, method and
place shall not be in conflict with any rule of law, the Servicing Standard or with the Indenture; 
 (b)    the Control
Party (at the direction of the Controlling Class Representative) may take any other action deemed proper by the Control Party (at the direction of the Controlling Class Representative) that is not inconsistent with such direction (as the
same may be modified by the Control Party (with the consent of the Controlling Class Representative)); and 

(c)    such direction shall be in writing; 

provided, further, that, subject to Section 10.1, the Trustee need not take any action that it determines might
involve it in liability unless it has received an indemnity for such liability as provided herein. 
 Section 9.9 Limitation on
Suits. Any other provision of the Indenture to the contrary notwithstanding, a Holder of Notes may pursue a remedy with respect to the Indenture or any other Related Document only if: 

(a)    the Noteholder gives to the Trustee, the Control Party and the Controlling Class Representative written notice
of a continuing Event of Default; 

  
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 (b)    the Noteholders of at least 25% of the aggregate Principal Amount
of all then Outstanding Notes make a written request to the Trustee, the Control Party and the Controlling Class Representative to pursue the remedy; 

(c)    such Noteholder or Noteholders offer and, if requested, provide to the Trustee, the Control Party and the
Controlling Class Representative indemnity satisfactory to the Trustee, the Control Party and the Controlling Class Representative against any loss, liability or expense; 

(d)    the Trustee does not comply with the request within sixty (60) days after receipt of the request and the offer
and, if requested, the provision of indemnity reasonably satisfactory to it; 
 (e)    during such sixty (60) day
period the Majority of Senior Noteholders do not give the Trustee a direction inconsistent with the request; and 

(f)    the Control Party (at the direction of the Controlling Class Representative) has consented to the pursuit of
such remedy. 
 A Noteholder may not use the Indenture or any other Related Document to prejudice the rights of another Noteholder or to obtain a preference
or priority over another Noteholder. 
 Section 9.10 Unconditional Rights of Noteholders to Receive Payment. Notwithstanding any
other provision of the Indenture, the right of any Holder of a Note to receive payment of principal of, and premium, if any, and interest on the Note, on or after the respective due dates expressed in the Note, or to bring suit for the enforcement
of any such payment on or after such respective dates, is absolute and unconditional and shall not be impaired or affected without the consent of the Holder of the Note. 

Section 9.11 The Trustee May File Proofs of Claim. The Trustee is authorized to file such proofs of claim and other papers or
documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel), the Noteholders and any other
Secured Party (as applicable) allowed in any judicial proceedings relative to any Co-Issuer (or any other obligor upon the Notes), its creditors or its property, and shall be entitled and empowered to collect,
receive and distribute any money or other property payable or deliverable on any such claim and any custodian in any such judicial proceeding is hereby authorized by each Noteholder and each other Secured Party to make such payments to the Trustee
and, in the event that the Trustee shall consent to the making of such payments directly to the Noteholders or any other Secured Party, to pay the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 10.5. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, and any other amounts due the Trustee under Section 10.5 out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any
and all distributions, dividends, money and other properties which any of the Noteholders or any other Secured Party may be entitled to receive in such proceeding 

  
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whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or
adopt on behalf of any Noteholder or any other Secured Party any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Noteholder or any other Secured Party, or to authorize the Trustee to vote
in respect of the claim of any Noteholder or any other Secured Party in any such proceeding. 
 Section 9.12 Undertaking for
Costs. In any suit for the enforcement of any right or remedy under the Indenture or in any suit against the Trustee for any action taken or omitted by it as a Trustee, a court in its discretion may require the filing by any party litigant in
the suit of any undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in the suit, having due regard to the merits and good faith
of the claims or defenses made by the party litigant. This Section 9.12 does not apply to a suit by the Trustee, a suit by a Noteholder pursuant to Section 9.9 or a suit by Noteholders of more than
10% of the Aggregate Outstanding Principal Amount of all Series of Notes. 
 Section 9.13 Restoration of Rights and Remedies. If
the Trustee, any Noteholder or any other Secured Party has instituted any Proceeding to enforce any right or remedy under the Indenture or any other Related Document and such Proceeding has been discontinued or abandoned for any reason or has been
determined adversely to the Trustee or to such Noteholder or other Secured Party, then and in every such case the Trustee and the Noteholders shall, subject to any determination in such proceeding, be restored severally and respectively to their
former positions hereunder, and thereafter all rights and remedies of the Trustee, the Noteholders and the other Secured Parties shall continue as though no such Proceeding had been instituted. 

Section 9.14 Rights and Remedies Cumulative. No right or remedy herein conferred upon or reserved to the Trustee or to the Holders
of Notes or any other Secured Party is intended to be exclusive of any other right or remedy, and every right or remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given under the Indenture or
any other Related Document or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy under the Indenture or any other Related Document, or otherwise, shall not prevent the concurrent assertion
or employment of any other appropriate right or remedy. 
 Section 9.15 Delay or Omission Not Waiver. No delay or omission of
the Trustee, the Control Party, the Controlling Class Representative, any Holder of any Note or any other Secured Party to exercise any right or remedy accruing upon any Potential Rapid Amortization Event, Rapid Amortization Event, Default or
Event of Default shall impair any such right or remedy or constitute a waiver of any such Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default or an acquiescence therein. Every right and remedy given by this
Article IX or by law to the Trustee, the Control Party, the Controlling Class Representative, the Holders of Notes or any other Secured Party may be exercised from time to time to the extent not inconsistent with the Indenture, and as
often as may be deemed expedient, by the Trustee, the Control Party, the Controlling Class Representative, the Holders of Notes or any other Secured Party, as the case may be. 

  
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 Section 9.16 Waiver of Stay or Extension Laws. Each Co-Issuer covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law
wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of the Indenture or any other Related Document; and each Co-Issuer (to the extent that it may lawfully
do so) hereby expressly waives all benefit or advantages of any such law, and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, the Control Party or the Controlling
Class Representative, but will suffer and permit the execution of every such power as though no such law had been enacted. 
 ARTICLE
X 
 THE TRUSTEE 

Section 10.1 Duties of the Trustee. 

(a)    If an Event of Default or Rapid Amortization Event has occurred and is continuing, the Trustee shall exercise such
of the rights and powers vested in it by the Indenture and the other Related Documents, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs;
provided, however, that the Trustee shall have no liability in connection with any action or inaction taken, or not taken, by it upon the deemed occurrence of an Event of Default, a Rapid Amortization Event, a Manager Termination Event
or a Servicer Termination Event of which a Trust Officer has not received written notice; provided, further, however, that the Trustee shall have no liability in connection with any action or inaction due to the acts or failure
to act of the Control Party or the Controlling Class Representative in connection with any Event of Default, Rapid Amortization Event, Manager Termination Event or Servicer Termination Event or for acting or failing to act due to any direction
or lack of direction from the Control Party or the Controlling Class Representative. The preceding sentence shall not have the effect of insulating the Trustee from liability arising out of the Trustee’s negligence or willful misconduct.
The Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Trustee which are specifically required to be furnished pursuant to any provision of the Indenture,
shall examine them to determine whether they conform to the requirements of this Indenture; provided, however, that the Trustee shall not be responsible for the accuracy or content of any resolution, certificate, statement opinion,
report, document, order or other instrument furnished by the Co-Issuers under the Indenture. 

(b)    Except during the occurrence and continuance of an Event of Default, Rapid Amortization Event, Manager Termination
Event or Servicer Termination Event of which a Trust Officer shall have Actual Knowledge: 
 (i)    The
Trustee undertakes to perform only those duties that are specifically set forth in the Indenture or any other Related Document to which it is a party and no others, the Trustee shall not be liable except for the performance of such duties and
obligations as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into the Indenture or any other Related Document against the Trustee; and 

  
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 (ii)    In the absence of bad faith on its part, the
Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of the Indenture and any other
applicable Related Document; provided, however, in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine such
certificates or opinions to determine whether or not they conform to the requirements of the Indenture and shall promptly notify the party of any non-conformity. 

(c)    The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act, or
its own willful misconduct, except that: 
 (i)    This clause (c) does not limit the effect
of clause (b) of this Section 10.1. 
 (ii)    The Trustee shall
not be liable in its individual capacity for any error of judgment made in good faith by a Trust Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts. 

(iii)    The Trustee shall not be liable in its individual capacity with respect to any action it takes,
suffers or omits to take in good faith in accordance with a direction received by it pursuant to the Indenture. 

(iv)    The Trustee shall not be charged with knowledge of any Mortgage Recordation Event, Default, Event
of Default, Potential Rapid Amortization Event, Rapid Amortization Event, Manager Termination Event, Potential Manager Termination Event or Servicer Termination Event or the commencement and continuation of a Cash Trapping Period until such time as
a Trust Officer shall have Actual Knowledge or have received written notice thereof. In the absence of such Actual Knowledge or receipt of such notice, the Trustee may conclusively assume that no such event has occurred or is continuing. 

(d)    Notwithstanding anything to the contrary contained in the Indenture or any of the other Related Documents, no
provision of the Indenture or the other Related Documents shall require the Trustee to expend or risk its own funds or incur any material liability (financial or otherwise) if there are reasonable grounds for believing that the repayment of such
funds is not reasonably assured to it by the security afforded to it by the terms of the Indenture or the Global G&C Agreement. The Trustee may refuse to perform any duty or exercise any right or power unless it receives indemnity satisfactory
to it against any risk, loss, liability or expense. 
 (e)    In the event that the Paying Agent or the Registrar shall
fail to perform any obligation, duty or agreement in the manner or on the day required to be performed by the Paying Agent or the Registrar, as the case may be, under the Indenture, the Trustee shall be obligated as soon as practicable upon Actual
Knowledge of a Trust Officer thereof and receipt of appropriate records and information, if any, to perform such obligation, duty or agreement in the manner so required. 

  
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 (f)    Subject to Section 10.3, all moneys
received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law or the Indenture or any of the
other Related Documents. 
 (g)    Whether or not therein expressly so provided, every provision of the Indenture and
the other Related Documents relating to the conduct of, affecting the liability of, or affording protection to, the Trustee shall be subject to the provisions of this Section 10.1. 

(h)    The Trustee shall not be responsible for the existence, genuineness or value of any of the Collateral or for the
validity, perfection, priority or enforceability of the Liens in any of the Collateral, whether impaired by operation of law or by reason of any action or omission to act on its part hereunder, except to the extent such action or omission
constitutes negligence, bad faith or willful misconduct on the part of the Trustee, for the validity or sufficiency of the Collateral or any agreement or assignment contained therein, for the validity of the title of the Securitization Entities to
the Collateral, for insuring the Collateral or for the payment of Taxes, charges, assessments or Liens upon the Collateral or otherwise as to the maintenance of the Collateral. Except as otherwise provided herein, the Trustee shall have no duty to
inquire as to the performance or observance of any of the terms of the Indenture or the other Related Documents by the Securitization Entities. 

(i)    The Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it in good
faith in accordance with the Indenture or at the direction of the Servicer, the Control Party or the Controlling Class Representative, relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee,
under the Indenture. 
 (j)    The Trustee shall have no duty (i) to see to any recording, filing or depositing of
this Base Indenture or any agreement referred to herein or any financing statement or continuation statement evidencing a security interest, or to see to the maintenance of any such recordings or filing or depositing or to any rerecording, refilling
or redeposition of any thereof (other than with respect to filings of the Manufacturing and Distribution Center Mortgages as and to the extent provided in Section 3.1(c)): (ii) to see to any insurance, (iii) except as
otherwise provided by Section 10.1(e), to see to the payment or discharge of any tax, assessment or other governmental charge or any lien or encumbrance of any kind or (iv) to confirm or verify the contents of any
reports or certificates of the Manager, the Control Party, the Back-Up Manager or the Servicer delivered to the Trustee pursuant to this Base Indenture believed by the Trustee to be genuine and to have been
signed or presented by the proper party or parties. 
 (k)    The Trustee shall not be personally liable for special,
indirect, consequential or punitive damages arising out of, in connection with or as a result of the performance of its duties under the Indenture. 

(l)    (i) Notwithstanding anything to the contrary in this Section 10.1, the Trustee shall make
Debt Service Advances to the extent and in the manner set forth in Section 5.12(c) hereof: provided, however, that notwithstanding anything herein or in any other Related Document to the contrary, the Trustee
will not be responsible for advancing any principal on the 

  
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Senior Notes, any Senior Notes Monthly Post-ARD Contingent Interest, any reserve amounts, any make-whole premiums, any
Class A-1 Senior Notes Administrative Expenses, any Class A-1 Senior Notes Aggregate Monthly Commitment Fees, or any interest or principal payable on, or any
other amounts due with respect to, the Senior Subordinated Notes and the Subordinated Notes. 

(ii)    Notwithstanding anything herein to the contrary, no Debt Service Advance shall be required to be
made hereunder by the Trustee if the Trustee determines such Debt Service Advance (including interest thereon) would, if made, constitute a Nonrecoverable Advance (or, on and after the Springing Amendments Implementation Date, an Advance Suspension
Period is in effect). The determination by the Trustee that it has made a Nonrecoverable Advance or that any proposed Debt Service Advance, if made, would constitute a Nonrecoverable Advance, shall be made by the Trustee in its reasonable good faith
judgment. The Trustee is entitled to conclusively rely on the determination of the Servicer that a Debt Service Advance is or would be a Nonrecoverable Advance. Any such determination will be conclusive and binding on the Noteholders. The Trustee
may update or change its nonrecoverability determination at any time, and may decide that a requested Debt Service Advance or Collateral Protection Advance that was previously deemed to be a Nonrecoverable Advance shall have become recoverable.
Notwithstanding the foregoing, all outstanding Debt Service Advances and Collateral Protection Advances made by the Trustee and any accrued interest thereon will be paid strictly in accordance with the Priority of Payments, even if the Trustee
determines that any such advance is a Nonrecoverable Advance after such Advance has been made. 

(iii)    The Trustee shall be entitled to receive interest at the Advance Interest Rate accrued on the
amount of each Debt Service Advance made thereby (with its own funds) for so long as such Debt Service Advance is outstanding. Such interest with respect to any Debt Service Advance made pursuant to this Section 10.1(l)
shall be payable out of Collections in accordance with the Priority of Payments pursuant to Section 5.11 hereof and the other applicable provisions of the Related Documents. 

Section 10.2 Rights of the Trustee. Except as otherwise provided by Section 10.1: 

(a)    The Trustee may conclusively rely and shall be fully protected in acting or refraining from acting based upon any
resolution, Officer’s Certificate, Opinion of Counsel, certificate, instrument, report, consent, order, document or other paper reasonably believed by it to be genuine and to have been signed by or presented by the proper person. 

(b)    The Trustee may consult with counsel of its selection and the advice of such counsel or any Opinion of Counsel
shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon. 

(c)    The Trustee may act through agents, custodians and nominees and shall not be liable for any misconduct or
negligence on the part of, or for the supervision of, any such non-affiliated agent, custodian or nominee so long as such agent, custodian or nominee is 

  
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appointed with due care; provided, however, the Trustee shall have received the consent of the Servicer prior to the appointment of any agent, custodian or nominee performing any
material obligation of the Trustee hereunder. 
 (d)    The Trustee shall not be liable for any action it takes, suffers
or omits to take in the absence of negligence which it believes to be authorized or within the discretion or rights or powers conferred upon it by the Indenture or the applicable Related Documents. 

(e)    The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Base
Indenture, any Series Supplement or any other Related Document, or to institute, conduct or defend any litigation hereunder or thereunder or in relation hereto or thereto, at the request, order or direction of the Servicer, the Control Party, the
Controlling Class Representative, any of the Noteholders or any other Secured Party, pursuant to the provisions of this Base Indenture or any Series Supplement, unless the Trustee shall have been offered reasonable security or indemnity
satisfactory to the Trustee against the costs, expenses and liabilities which may be incurred therein or thereby. 

(f)    Prior to the occurrence of an Event of Default or Rapid Amortization Event, the Trustee shall not be bound to make
any investigation into the facts of matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond or other paper or document, unless requested in writing so to do by the
Noteholders of at least 25% of the aggregate Principal Amount of all then Outstanding Notes. If the Trustee is so requested or determines in its own discretion to make such further inquiry or investigation into such facts or matters as it sees fit,
the Trustee shall be entitled to examine the books, records and premises of the Securitization Entities, personally or by agent or attorney, at the sole cost of the Co-Issuers and the Trustee shall incur no
liability by reason of such inquiry or investigation. 
 (g)    The right of the Trustee to perform any discretionary
act enumerated in this Base Indenture shall not be construed as a duty, and the Trustee shall be not be liable in the absence of negligence or willful misconduct for the performance of such act. 

(h)    In accordance with Section 326 of the U.S.A. Patriot Act, to help fight the funding of terrorism and money
laundering activities, the Trustee will obtain, verify, and record information that identifies individuals or entities that establish a relationship or open an account with the Trustee. The Trustee will ask for the name, address, tax identification
number and other information that will allow the Trustee to identify the individual or entity who is establishing the relationship or opening the account. The Trustee may also ask for formation documents such as articles of incorporation, an
offering memorandum, or other identifying documents to be provided. 
 (i)    Notwithstanding anything to the contrary
herein, any and all communications (both text and attachments) by or from the Trustee that the Trustee in its sole discretion deems to contain confidential, proprietary or sensitive information and sent by electronic mail will be encrypted. The
recipient of the email communication will be required to complete a one-time registration process. Information and assistance on registering and using the email encryption technology can be found at the
Trustee’s secure website www.citigroup.com/citigroup/citizen/privacy/email.htm or by calling (866) 535-2504 (in the U.S.) or (904) 954-6181 at any time. 

  
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 (j)    The Trustee shall not be responsible or liable for any failure or
delay in the performance of its obligations under this Indenture arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including without limitation, acts of God; earthquakes; fires; floods; wars; civil or
military disturbances; sabotage; epidemics; riots; interruptions, loss or malfunctions of utilities, computer (hardware or software) or communications service, accidents; labor disputes; acts of civil or military authority or governmental actions
(it being understood that the Trustee shall use commercially reasonable efforts to resume performance as soon as practicable under the circumstances). 

Section 10.3 Individual Rights of the Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee
of Notes and may otherwise deal with the Securitization Entities or an Affiliate of the Securitization Entities with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. 

Section 10.4 Notice of Events of Default and Defaults. If an Event of Default, a Default, a Rapid Amortization Event or a
Potential Rapid Amortization Event occurs and is continuing and if it is actually known to a Trust Officer, or written notice of the existence thereof has been delivered to a Trust Officer, the Trustee shall promptly provide the Noteholders, the
Servicer, the Manager, the Back-Up Manager, the Co- Issuers, any Class A-1 Administrative Agent and each Rating Agency with
notice of such Event of Default, Default, Rapid Amortization Event or Potential Rapid Amortization Event, to the extent that the Notes of such Series are Book-Entry Notes, by telephone and facsimile and otherwise by first class mail. 

Section 10.5 Compensation and Indemnity. 

(a)    The Co-Issuers shall promptly pay to the Trustee from time to time
compensation for its acceptance of the Indenture and services hereunder and under the other Related Documents to which the Trustee is a party as the Trustee and the Co-Issuers shall from time to time agree in
writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Co-Issuers shall reimburse the Trustee promptly upon request for all reasonable
disbursements, advances and expenses incurred or made by it in addition to the compensation for its services in accordance with the provisions of the Indenture (including, without limitation, the Priority of Payments). Such expenses shall include
the reasonable compensation, disbursements and expenses of the Trustee’s agents and outside counsel. The Co-Issuers shall not be required to reimburse any expense incurred by the Trustee through the
Trustee’s own willful misconduct or negligence. When the Trustee incurs expenses or renders services after an Event of Default or Rapid Amortization Event occurs, the expenses and the compensation for the services are intended to constitute
expenses of administration under the Bankruptcy Code. 
 (b)    The Co-Issuers
shall jointly and severally indemnify and hold harmless the Trustee or any predecessor Trustee and their respective directors, officers, agents and employees from and against any loss, liability, claim, expense (including taxes, other than taxes
based upon, measured by or determined by the income of the Trustee or such predecessor Trustee), damage 

  
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or injury suffered or sustained by reason of any acts, omissions or alleged acts or omissions arising out of or in connection with (i) the activities of the Trustee or such predecessor
Trustee pursuant to this Base Indenture, any Series Supplement or any other Related Documents to which the Trustee is a party and (ii) the security interest granted hereby, whether arising by virtue of any act or omission on the part of the
Master Issuer or otherwise, including but not limited to any judgment, award, settlement, reasonable attorneys’ fees and other costs or expenses reasonably incurred in connection with the defense of any actual or threatened action, proceeding,
claim (whether asserted by the Co-Issuers, the Servicer, the Control Party or any Noteholder or any other Person), liability in connection with the exercise or performance of any of its powers or duties
hereunder or under any Related Document, the preservation of any of its rights to, or the realization upon, any of the Collateral, or in connection with enforcing the provisions of this Section 10.5(b); provided,
however, that the Co-Issuers shall not indemnify the Trustee, any predecessor Trustee or their respective directors, officers, employees or agents if such acts, omissions or alleged acts or omissions
constitute, willful misconduct, bad faith or negligence by the Trustee or such predecessor Trustee, as the case may be. 

(c)    The provisions of this Section 10.5 shall survive the termination of the Indenture and
the resignation and removal of the Trustee. 
 Section 10.6 Replacement of the Trustee. 

(a)    A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the
successor Trustee’s acceptance of appointment as provided in this Section 10.6. 

(b)    The Trustee may, after giving thirty (30) days prior written notice to the
Co-Issuers, the Servicer, the Manager, the Back-Up Manager, the Controlling Class Representative, each Class A-1
Administrative Agent and each Rating Agency, resign at any time from its office and be discharged from the trust hereby created; provided, however, that no such resignation of the Trustee shall be effective until a successor trustee
has assumed the obligations of the Trustee hereunder. The Control Party (at the direction of the Controlling Class Representative) or the Majority of Noteholders of the Controlling Class may remove the Trustee at any time by so notifying
the Trustee and the Co-Issuers. So long as no Event of Default or Rapid Amortization Event has occurred and is continuing, the Co-Issuers (with the prior written consent
of the Control Party) may remove the Trustee at any time. The Co-Issuers (with the prior written consent of the Control Party) shall remove the Trustee if: 

(i)    the Trustee fails to comply with Section 10.8: 

(ii)    the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect
to the Trustee under the Bankruptcy Code; 
 (iii)    a custodian or public officer takes charge of the
Trustee or its property; or 
 (iv)    the Trustee becomes incapable of acting. 

  
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 If the Trustee resigns or is removed or if a vacancy exists in the office of the Trustee for any reason, the
Co-Issuers shall promptly, with the prior written consent of the Control Party appoint a successor Trustee. Within one year after the successor Trustee takes office, the Majority of Noteholders of the
Controlling Class (with the prior written consent of the Control Party) may appoint a successor Trustee to replace the successor Trustee appointed by the Co-Issuers. 

(c)    If a successor Trustee does not take office within sixty (60) days after the retiring Trustee resigns or is
removed, the retiring Trustee, at the expense of the Co- Issuers, may petition any court of competent jurisdiction for the appointment of a successor Trustee. 

(d)    If the Trustee after written request by the Servicer or any Noteholder fails to comply with
Section 10.8, the Servicer or such Noteholder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

(e)    A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee or removed
Trustee and to the Servicer and the Co-Issuers. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of
the Trustee under this Base Indenture, any Series Supplement and any other Related Document to which the Trustee is a party. The successor Trustee shall mail a notice of its succession to Noteholders and each
Class A-1 Administrative Agent. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee; provided, however, that all sums owing to the
retiring Trustee hereunder have been paid. Notwithstanding replacement of the Trustee pursuant to this Section 10.6, the Co-Issuers’ obligations under
Section 10.5 shall continue for the benefit of the retiring Trustee. 
 Section 10.7 Successor Trustee by
Merger, etc. Subject to Section 10.8, if the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business to, another corporation, the successor corporation
without any further act shall be the successor Trustee; provided that written notice of such consolidation, merger or conversion shall be provided to the Co-Issuers, the Servicer, the Noteholders and
each Class A-1 Administrative Agent; provided further that the resulting or successor corporation is eligible to be a Trustee under Section 10.8. 

Section 10.8 Eligibility Disqualification. 

(a)    There shall at all times be a Trustee hereunder which shall (i) be a bank or trust company organized and doing
business under the laws of the United States of America or of any state thereof authorized under such laws to exercise corporate trustee power, (ii) be subject to supervision or examination by federal or state authority, (iii) have a
combined capital and surplus of at least $250,000,000 as set forth in its most recent published annual report of condition, (iv) be reasonably acceptable to the Servicer and (v) have a long-term unsecured debt rating of at least
“BBB+” and “Baal” by Standard & Poor’s and Moody’s, respectively. 
 (b)    At
any time the Trustee shall cease to satisfy the eligibility requirements of Section 10.8(a), the Trustee shall resign immediately in the manner and with the effect specified in Section 10.6. 

 

  
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 Section 10.9 Appointment of Co-Trustee or
Separate Trustee. 
 (a)    Notwithstanding any other provisions of this Base Indenture, any Series Supplement or any
other Related Document, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Collateral may at the time be located, the Trustee shall have the power upon notice to the Control Party, the Co-Issuers and each Class A-1 Administrative Agent and may execute and deliver all instruments to appoint one or more Persons to act as a
co-trustee or co-trustees, or separate trustee or separate trustees, of all or any part of the Collateral, and to vest in such Person or Persons, in such capacity and
for the benefit of the Noteholders and the other Secured Parties, such title to the Collateral, or any part thereof, and, subject to the other provisions of this Section 10.9, such powers, duties, obligations, rights and
trusts as the Trustee may consider necessary or desirable. Any co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under
Section 10.8 or shall be otherwise acceptable to the Servicer. No notice to Noteholders of the appointment of any co-trustee or separate trustee shall be required under
Section 10.6. No co-trustee shall be appointed without the consent of the Servicer and the Co-Issuers unless such appointment is required as a
matter of state law or to enable the Trustee to perform its functions hereunder. 
 (b)    Every separate trustee and co-trustee shall, to the extent permitted by law, be appointed and act subject to the following provisions and conditions: 

(i)    the Notes of each Series shall be authenticated and delivered solely by the Trustee or an
authenticating agent appointed by the Trustee; 
 (ii)    all rights, powers, duties and obligations
conferred or imposed upon the Trustee shall be conferred or imposed upon and exercised or performed by the Trustee and such separate trustee or co-trustee jointly (it being understood that such separate
trustee or co-trustee is not authorized to act separately without the Trustee joining in such act), except to the extent that under any law of any jurisdiction in which any particular act or acts are to be
performed, the Trustee shall be incompetent or unqualified to perform, such act or acts, in which event such rights, powers, duties and obligations (including the holding of title to the Collateral or any portion thereof in any such jurisdiction)
shall be exercised and performed singly by such separate trustee or co-trustee, but solely at the direction of the Trustee; 

(iii)    no trustee hereunder shall be personally liable by reason of any act or omission of any other
trustee hereunder and such appointment shall not, and shall not be deemed to, constitute any such trustee or co-trustee as an agent of the Trustee; and 

(iv)    the Trustee may at any time accept the resignation of or remove any separate trustee or co-trustee. 
 (c)    Any notice, request or other writing given to the Trustee shall
be deemed to have been given to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Base Indenture and the conditions of this Article X. Each separate trustee and co-trustee, upon its acceptance of the trusts conferred,
shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Trustee or separately, as may be provided 

  
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therein, subject to all the provisions of this Base Indenture, any Series Supplement and any other Related Documents to which the Trustee is a party, specifically including every provision of
this Base Indenture, any Series Supplement, or any other Related Document which the Trustee is a party relating to the conduct of, affecting the liability of, or affording protection to, the Trustee. Every such instrument shall be filed with the
Trustee and a copy thereof given to the Servicer and the Co-Issuers. 

(d)    Any separate trustee or co-trustee may at any time constitute the Trustee,
its agent or attorney-in-fact with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect to this Base Indenture, any
Series Supplement or any other Related Document on its behalf and in its name. If any separate trustee or co-trustee shall die, become incapable of acting, resign or be removed, all of its estates, properties,
rights, remedies and trusts shall vest in and be exercised by the Trustee, to the extent permitted by law, without the appointment of a new or successor trustee. 

Section 10.10 Representations and Warranties of Trustee. The Trustee represents and warrants to the
Co-Issuers and the Noteholders that: 
 (a)    the Trustee is a national banking
association, organized, existing and in good standing under the laws of the United States; 
 (b)    the Trustee has
full power, authority and right to execute, deliver and perform this Base Indenture, any Series Supplement issued concurrently with this Base Indenture and each other Related Document to which it is a party and to authenticate the Notes, and has
taken all necessary action to authorize the execution, delivery and performance by it of this Base Indenture, any Series Supplement issued concurrently with this Base Indenture and any such other Related Document and to authenticate the Notes; 

(c)    this Base Indenture and each other Related Document to which it is a party has been duly executed and delivered by
the Trustee; and 
 (d)    the Trustee meets the requirements of eligibility as a trustee hereunder set forth in
Section 10.8(a). 
 ARTICLE XI 

CONTROLLING CLASS REPRESENTATIVE AND CONTROL PARTY 

Section 11.1 Controlling Class Representative. 

(a)    Within five (5) Business Days following the Closing Date, the Trustee shall deliver a notice in the form of
Exhibit G attached hereto, through the Applicable Procedures of the Clearing Agency for the related Series and posted to the Trustee’s internet website at www.sf.citidirect.com, announcing that there will be an election of a
Controlling Class Representative and offering Controlling Class Members the opportunity to provide the Trustee with their contact information in writing within ten (10) Business Days of the date of such notice should they wish to
participate in the election (such election, the “Initial CCR Election”). The Trustee shall provide any contact information that it receives, and any contact information in the

  
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Initial Controlling Class Member List, to the Manager and the Master Issuer upon request. During the Initial CCR Election, any notices and communications required to be sent by the Trustee
pursuant to this Section 11.1 shall be sent directly to the Controlling Class Members at the mail and e-mail addresses provided to the Trustee in the Initial Controlling
Class Member List and by each Controlling Class Member individually, and all communications delivered to the Trustee by any Controlling Class Member shall be sent directly by such Controlling Class Member (and not through the
Applicable Procedures of the Clearing Agency). During any subsequent CCR Election, both the Trustee and the Controlling Class Members shall be entitled to rely on the Applicable Procedures of the Clearing Agency for all such notices and
communications. 
 (b)    Within 30 days after the Closing Date or any CCR
Re-election Event, the Trustee will send to each of the Controlling Class Members a written notice (with copies to the Manager and the Master Issuer) in the form attached as Exhibit H hereto,
announcing an election and soliciting nominations for a Controlling Class Representative (a “CCR Election Notice”). Each Controlling Class Member will be allowed to nominate one CCR Candidate by submitting a nomination in
the form attached as Exhibit I hereto (a “CCR Nomination”) within either (i) in the case of the Initial CCR Election, ten (10) Business Days of the date of the CCR Election Notice, or (ii) in the case of any
subsequent election, thirty (30) calendar days (such period, as applicable, the “CCR Nomination Period”). Each Controlling Class Member submitting a CCR Nomination shall represent that (i) as of (A) for the
Initial CCR Election, the Closing Date or (B) in the case of any subsequent election, a date not more than ten (10) Business Days prior to the date of the CCR Election Notice as determined by the Trustee (either such date, the
“Nomination Record Date”) it was the Note Owner or Noteholder, as applicable, of the Outstanding Principal Amount of Notes of the Controlling Class specified by it in the CCR Nomination; and (ii) the CCR Candidate that it
has nominated pursuant to such CCR Nomination is either (A) a Controlling Class Member or (B) an Eligible Third-Party Candidate; provided, that for purposes of such nomination and determining the CCR Candidates pursuant to
Section 11.1(c), with respect to any Series of Class A-1 Senior Notes Outstanding, the Class A-1 Senior Notes Voting Amount shall be
used in place of the Outstanding Principal Amount of such Series. 
 (c)    Within three Business Days following the end
of the CCR Nomination Period, the Trustee shall either (i) notify the Manager, the Master Issuer, the Servicer and the Controlling Class Members that no nominations have been received and that the election will not be held, or
(ii) prepare and send to each applicable Controlling Class Member a ballot in the form of Exhibit J attached hereto (the “CCR Ballot”) naming the top three candidates based upon the highest
aggregate Outstanding Principal Amount of Notes of Controlling Class Members nominating such candidate (or, if less than three (3) candidates are nominated, the CCR Ballot will list all candidates). Each Controlling Class Member
shall, in its sole discretion, indicate its vote for Controlling Class Representative by returning a completed CCR Ballot directly to the Trustee within (i) in the case of the Initial CCR Election, ten (10) Business Days of the date
of the CCR Ballot or (ii) in the case of any subsequent election, within thirty (30) calendar days (a “CCR Election Period”). Each Controlling Class Member returning a completed CCR Ballot will also be required to
confirm that, as of the date of the CCR Ballot (the “CCR Voting Record Date”), such Controlling Class Member was the owner or beneficial owner of the Outstanding Principal Amount of Notes of the Controlling Class specified
by such Controlling Class Member in the CCR Ballot; provided that for the purposes of such certification and the tabulation of votes 

  
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pursuant to Section 11.1(d), with respect to any Series of Class A-1 Senior Notes Outstanding, the Class A-1 Senior Notes Voting Amount shall be used in place of the Outstanding Principal Amount of such Series. 

(d)    If a CCR Candidate receives votes from Controlling Class Members holding beneficial interests in at least 50%
of the Outstanding Principal Amount of Notes of the Controlling Class (or any beneficial interest therein) that are Outstanding as of the CCR Voting Record Date and with respect to which votes were submitted (which may be less than the Outstanding
Principal Amount of Notes of the Controlling Class as of the CCR Voting Record Date), such CCR Candidate shall be appointed the Controlling Class Representative by the Trustee promptly after the conclusion of the CCR Election Period. Notes
of the Controlling Class held by any Co-Issuer or any Affiliate of any Co-Issuer will not be considered Outstanding for such voting purposes. If two CCR Candidates
both receive votes from Controlling Class Members holding beneficial interests in exactly 50% of the Aggregate Outstanding Principal Amount of Notes of the Controlling Class, the Trustee shall appoint one of such CCR Candidates as the
Controlling Class Representative at the direction of the Manager, pursuant to the Management Agreement. In the event that no CCR Candidate receives 50% of the Aggregate Outstanding Principal Amount of Notes of the Controlling Class, the Trustee
will notify the Manager, the Securitization Entities, the Servicer, the Back-Up Manager, the Rating Agencies and the Controlling Class Members that no Controlling Class Representative shall be
appointed, and the Control Party will exercise the consent and waiver rights of the Controlling Class Representative until a CCR Re-election Event occurs and a new Controlling Class Representative is
elected. 
 (e)    In the event that a Controlling Class Representative is elected pursuant to
Section 11.1(d) or the Trustee appoints a Controlling Class Representative at the direction of the Manager pursuant to Section 11.1(d), the Trustee shall forward an acceptance letter in the
form of Exhibit K attached hereto (a “CCR Acceptance Letter”) to such Controlling Class Representative. No Person shall be appointed Controlling Class Representative unless it executes such CCR Acceptance Letter,
pursuant to which it shall (i) agree to act as the Controlling Class Representative, (ii) provide its name and contact information and permit such information to be shared with the Manager, the Securitization Entities, the Servicer,
the Back-Up Manager, the Rating Agencies and the Controlling Class Members and (iii) represent and warrant that it is either a Controlling Class Member or an Eligible Third-Party Candidate.
Within two (2) Business Days of receipt of the acceptance letter, the Trustee shall promptly forward copies thereof, or provide notice of the identity and contact information of the new Controlling Class Representative, to the Manager, the
Securitization Entities, the Servicer, the Back-Up Manager, the Rating Agencies and the Controlling Class Members. 

(f)    Within two (2) Business Days of any other change in the name or address of the Controlling
Class Representative of which the Trustee has received notice from the Controlling Class Representative or from a Majority of Controlling Class Members, as applicable, the Trustee shall deliver to each Noteholder, the Co-Issuers, the Manager, the Back- Up Manager and the Servicer a notice setting forth the identity of the new Controlling Class Representative. 

  
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 (g)    The Trustee shall be entitled to conclusively rely on, and will
be fully protected in all actions taken or not taken by it with respect to, (i) the Initial Controlling Class Member List for purposes of identifying the recipients of the CCR Election Notices and CCR Ballots and all subsequent
communications related to the Initial CCR Election, (ii) with respect to any subsequent election of a Controlling Class Representative, the Applicable Procedures of the Clearing Agency for delivery of the CCR Election Notices and CCR
Ballots to Note Owners of Notes of the Controlling Class and (iii) the representations and warranties of the Persons submitting CCR Nominations, CCR Ballots and CCR Acceptance Letters. 

(h)    The Servicer (in its capacity as Servicer and Control Party) shall be entitled to rely on the identity of the
Controlling Class Representative provided by the Trustee with respect to any obligation or right hereunder that the Servicer (in its capacity as Servicer and Control Party) may have to deliver information or otherwise communicate with the
Controlling Class Representative or any of the Noteholders of the Controlling Class, with no liability to it for such reliance. 

(i)    The Controlling Class Representative shall be entitled to receive from the Trustee, upon request, any
memoranda delivered to the Trustee by the Back-Up Manager pursuant to the Back-Up Management Agreement; provided that it shall have first executed a
confidentiality agreement, in form and substance satisfactory to the Manager, and such confidentiality agreement remains in effect. Any such memoranda shall be deemed to contain material non-public
information. 
 Section 11.2 Resignation or Removal of the Controlling Class Representative. The Controlling
Class Representative may at any time resign as such by giving written notice to the Trustee, the Servicer and to each Noteholder of the Controlling Class. As of any Record Date, a Majority of the Controlling Class Members shall be entitled
to remove any existing Controlling Class Representative by giving written notice to the Trustee, the Servicer and such existing Controlling Class Representative. No resignation or removal of the Controlling Class Representative shall
be effective until a successor Controlling Class Representative has been appointed pursuant to Section 11.1 or until the end of the CCR Election Period following such resignation or removal; provided, that any
Controlling Class Representative that has been removed pursuant to this Section 11.2 may subsequently be nominated as a CCR Candidate and appointed as Controlling Class Representative pursuant to
Section 11.1; provided, further, that an existing Controlling Class Representative shall cease to be the Controlling Class Representative at the end of a CCR Election Period, even if no successor is re-elected pursuant to Section 11.1, unless such Controlling Class Representative is elected during such CCR Election Period. In addition to the foregoing, within two (2) Business
Days of the selection, resignation or removal of the Controlling Class Representative, the Trustee shall notify the Servicer, the Back-Up Manager and the parties to this Indenture of such event. 

Section 11.3 Expenses and Liabilities of the Controlling Class Representative. 

(a)    The Controlling Class Representative shall have no liability to the Note Owners for any action taken, or for
refraining from the taking of any action, in good faith pursuant to the Indenture or for errors in judgment; provided, however, that the Controlling Class Representative shall not be protected against any liability that would
otherwise be imposed by 

  
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reason of willful misfeasance, gross negligence or reckless disregard of its obligations or duties under the Indenture. Each Note Owner acknowledges and agrees, by its acceptance of its Notes or
interests therein, that (i) the Controlling Class Representative may have special relationships and interests that conflict with those of Note Owners of one or more Classes of Notes, or that conflict with other Note Owners, (ii) the
Controlling Class Representative may act solely in the interests of the Controlling Class Members or in its own interest, (iii) the Controlling Class Representative does not have any duties to Note Owners other than the
Controlling Class Members, (iv) the Controlling Class Representative may take actions that favor the interests of the Controlling Class Members over the interests of Note Owners of one or more other Classes of Notes, or that
favor its own interests over those of other Note Owners or other Controlling Class Members, (v) the Controlling Class Representative shall not be deemed to have been grossly negligent or reckless, or to have acted in bad faith or
engaged in willful misfeasance, by reason of its having acted solely in the interests of the Controlling Class Members or in its own interests, and (vi) the Controlling Class Representative shall have no liability whatsoever for
having so acted pursuant to clauses (i) through (v), and no Note Owner or Noteholder may take any action whatsoever against the Controlling Class Representative for having so acted or against any director, officer, employee,
agent or principal thereof for having so acted. 
 (b)    Any and all expenses of the Controlling
Class Representative for acting in its capacity as Controlling Class Representative shall be borne by the Controlling Class Members, pro rata according to their respective Outstanding Principal Amounts. Notwithstanding the
foregoing, if a claim is made against the Controlling Class Representative and the Servicer or the Trustee are also named parties to the same action and, in the sole judgment of the Servicer, the Controlling Class Representative had acted
in good faith, without gross negligence or willful misconduct, with regard to the particular matter at issue, and there is no potential for the Servicer or the Trustee to be an adverse party in such action as regards the Controlling
Class Representative, the Servicer on behalf of the Trustee shall be required to assume the defense (with any costs incurred in connection therewith being deemed to be reimbursable as a Collateral Protection Advance) of any such claim against
the Controlling Class Representative. 
 Section 11.4 Control Party 

(a)    Pursuant to the Indenture and the other Related Documents, the Control Party is authorized to consent to and
implement, subject to the Servicing Standard, any Consent Request that does not require the consent of any Noteholder, including the Controlling Class Representative. 

(b)    For any Consent Request that requires, pursuant to the terms of the Indenture and the other Related Documents, the
consent or direction of the Controlling Class Representative, the Control Party shall evaluate such Consent Request, form a Consent Recommendation and then promptly deliver such Consent Request and a Consent Recommendation to the Controlling
Class Representative (if a Controlling Class Representative exists at such time). Except as provided in the following sentence, until the Controlling Class Representative consents to a Consent Request, the Control Party is not
authorized to implement such Consent Request, provided that the Control Party shall work in good faith with the Controlling Class Representative to obtain such consent. Notwithstanding anything in any

  
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Related Document to the contrary, if the Controlling Class Representative does not reject or approve a Consent Recommendation within ten (10) Business Days following delivery of a
Consent Request and the related Consent Recommendation to the Controlling Class Representative or if there is no Controlling Class Representative at such time (including, without limitation, during the first CCR Election Period or
following the resignation or removal of the Controlling Class Representative), the Control Party is authorized (but not required) to implement such Consent Request in accordance with the Servicing Standard, whether or not the Indenture or any
Related Document indicates that the Control Party is required to act with the consent or at the direction of the Controlling Class Representative with respect to any specific matter relating to such Consent Request, other than with respect to
Servicer Termination Events. 
 (c)    For any Consent Request that requires the consent of any affected Noteholders or
100% of the Noteholders pursuant to Section 13.2, the Control Party shall evaluate such Consent Request and shall formulate and present a Consent Recommendation to the Trustee which shall forward such Consent Request and
the Consent Recommendation to each Noteholder or each affected Noteholder, as applicable. Subject to Section 11.4(e), until the consent of each Noteholder that is required to consent to any such Consent Request has been
obtained and the Control Party is provided with notice of such consents being obtained by the Trustee, the Control Party is not authorized to implement such Consent Request, provided that the Control Party shall work in good faith with the Trustee
to identify and deliver to the Trustee for delivery by the Trustee to such Noteholders such additional information and Consent Recommendations as may be appropriate in accordance with the Servicing Standard to obtain such consent. 

(d)    The Control Party shall promptly notify the Trustee, the Manager, the
Back-Up Manager, the Co-Issuers and the Controlling Class Representative if the Control Party determines, in accordance with the Servicing Standard, not to
implement a Consent Request or has not received the requisite consent of the Controlling Class Representative or the Noteholders, if applicable, to implement a Consent Request. The Trustee shall promptly notify the Control Party, the Manager,
the Back-Up Manager, the Co-Issuers and the Controlling Class Representative if the Trustee has not received the requisite consent of the required percentage of
Noteholders to implement a Consent Request. 
 (e)    Notwithstanding anything herein to the contrary, no advice,
direction or objection from or by the Controlling Class Representative may (i) require or cause the Trustee or the Control Party to violate applicable law, the terms of this Indenture, the Notes, the Servicing Agreement or the other
Related Documents, including, without limitation with respect to the Control Party, the Control Party’s obligation to act in accordance with the Servicing Standard, (ii) expose the Control Party or the Trustee, or any of their respective
Affiliates, officers, directors, members, managers, employees, agents or partners, to any material claim, suit or liability, or (iii) materially expand the scope of the Control Party’s responsibilities under the Servicing Agreement or the
Trustee under this Indenture, the Notes or the other Related Documents. In addition, notwithstanding anything herein or in the other Related Documents to the contrary, the Controlling Class Representative shall not be able to prevent the
Control Party from transferring the ownership of all or any portion of the Collateral if any Advance by the Control Party is outstanding and the Control Party determines in accordance with the Servicing Standard that such transfer of ownership would
be in the best interest of the Noteholders (taken as a whole). 

  
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 Section 11.5 Note Owner List. 

(a)    To facilitate communication among Note Owners, the Manager, the Trustee, the Control Party and the Controlling Class
Representative, a Note Owner may elect, but is not required, to notify the Trustee of its name, address and other contact information, which will be kept in a register maintained by the Trustee. The Trustee will be required to furnish the Manager,
the Control Party and the Controlling Class Representative upon request with the information maintained in such register as of the most recent date of determination. Every Note Owner, by receiving and holding a beneficial interest in a Note, will
agree that none of the Trustee, the Co-Issuers, the Servicer, the Controlling Class Representative nor any of their respective agents will be held accountable by reason of any disclosure of any such
information as to the names and addresses of the Note Owners in the register maintained by the Trustee. 
 (b)    Note
Owners having beneficial interests of not less than $50,000,000 in aggregate principal amount of Notes that wish to communicate with the other Note Owners with respect to their rights under the Indenture or under the Notes may request in writing
that the Trustee deliver a notice or communication to the other Note Owners through the Applicable Procedures of each Clearing Agency with respect to all Series of Notes Outstanding. If such request states that such Note Owners desire to communicate
with other Note Owners with respect to their rights under the Indenture or under the Notes and is accompanied by (i) a certificate substantially in the form of Exhibit O certifying that such Note Owners hold beneficial interests of not
less than $50,000,000 in aggregate principal amount of Notes (each, a “Note Owner Certificate”) (upon which the Trustee may conclusively rely) and (ii) a copy of the communication which such Note Owners propose to
transmit, then the Trustee, after having been adequately indemnified by such Note Owners for its costs and expenses, shall transmit the requested communication to all other Note Owners through the Applicable Procedures of each Clearing Agency with
respect to all Series of Notes Outstanding, and shall give the Co-Issuers, the Servicer and the Controlling Class Representative notice that such request has been made, within five (5) Business Days
after receipt of the request. The Trustee shall have no obligation of any nature whatsoever with respect to any requested communication other than to transmit it in accordance with and subject to the terms hereof and to give notice thereof to the Co-Issuers, the Servicer and the Controlling Class Representative. 
 ARTICLE XII 

DISCHARGE OF INDENTURE 

Section 12.1 Termination of the Co-Issuers’ and
Guarantors’ Obligations. 
 (a)    Satisfaction and Discharge. The Indenture and the Global
G&C Agreement shall cease to be of further effect when all Outstanding Notes theretofore authenticated and issued (other than destroyed, lost or stolen Notes which have been replaced or paid) have been delivered to the Trustee for cancellation,
the Co-Issuers have paid all sums payable hereunder and under each other Indenture Document, all commitments to extend credit 

  
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under all Variable Funding Note Purchase Agreements have been terminated and all Series Hedge Agreements have been terminated and all payments by the
Co-Issuers thereunder have been paid or otherwise provided for; except that (i) the Co-Issuers’ obligations under Section 10.5 and
the Guarantors’ guaranty thereof, (ii) the Trustee’s and the Paying Agent’s obligations under Sections 12.2 and 12.3 and (iii) the Noteholders’ and the Trustee’s obligations under
Section 14.13 shall survive). The Trustee, on demand of the Securitization Entities, will execute proper instruments acknowledging confirmation of, and discharge under, the Indenture and the Global G&C Agreement. 

(b)    Indenture Defeasance. The Co-Issuers may terminate all of their
obligations under the Indenture and all obligations of the Guarantors under the Global G&C Agreement in respect thereof if: 

(i)    the Co-Issuers irrevocably deposit in trust with the Trustee
or at the option of the Trustee, with a trustee reasonably satisfactory to the Control Party, the Trustee and the Co-Issuers under the terms of an irrevocable trust agreement in form and substance satisfactory
to the Trustee, U.S. Dollars and/or Government Securities in an amount sufficient, in the opinion of a nationally recognized firm of independent certified public accountants expressed in a written certification thereof delivered to the Trustee, to
pay (without consideration of any reinvestment), when due, principal, premiums, make-whole prepayment premiums, if any, and interest on the Notes (including additional interest that accrues after an anticipated repayment date or renewal date, if
applicable) to prepayment, redemption or maturity, as the case may be, and to pay all other sums payable by them hereunder and under each other Indenture Document and under any Series Hedge Agreement; provided that any Government Securities
deposited in trust shall provide for the scheduled payment of all principal and interest thereon not later than the Business Day prior to the applicable prepayment date, redemption date or maturity date, as the case may be; and provided,
further, that if (x) the deposit is held by a trustee of an irrevocable trust other than the Trustee, such trustee shall have been irrevocably instructed by the Co-Issuers to pay such money or the
proceeds of such U.S. Government Securities to the Trustee on or prior to the prepayment date, redemption date or maturity date, as applicable, and (y) the Trustee shall have been irrevocably instructed by the
Co-Issuers to apply such money or the proceeds of such U.S. Government Securities to the payment of said principal and interest with respect to the Notes and such other obligations; 

(ii)    all commitments under all Variable Funding Note Purchase Agreements and all Series Hedge Agreements
have been terminated; 
 (iii)    the Co-Issuers deliver notice
of prepayment, redemption or maturity of the Notes in full to the Noteholders of Outstanding Notes, the Manager, the Trustee, the Control Party, the Controlling Class Representative, the Back-Up Manager,
any Class A-1 Administrative Agent and the Rating Agencies, which notice is expressly stated to be, or has become as of the prepayment date, redemption date or maturity date, as applicable, irrevocable,
and the date of prepayment, redemption or maturity as specified in such notice when delivered was not longer than twenty (20) Business Days after the date of such notice; 

  
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 (iv)    the
Co-Issuers deliver notice of such deposit to the Control Party, the Manager, the Back-Up Manager, any Class A-1
Administrative Agent and the Rating Agencies on or before the date of the deposit; and 
 (v)    an
Opinion of Counsel is delivered to the Trustee and the Servicer by the Co-Issuers to the effect that all conditions precedent set forth herein with respect to such termination have been satisfied. 

Upon satisfaction of such conditions, the Indenture and the Global G&C Agreement shall cease to be of further effect; except that (i) the rights and
obligations of the Trustee hereunder, including, without limitation, the Trustee’s rights to compensation and indemnity under Section 10.5, and the Guarantor’s guaranty thereof, (ii) the Trustee’s and the
Paying Agent’s obligations under Section 12.2 and Section 12.3, (iii) the Noteholders’ and the Trustee’s obligations under Section 14.13, (iv) this
Section 12.1(b) and (v) the Noteholders’ rights to registration of transfer and exchange under Section 2.8 and to replacement or substitution of mutilated, destroyed, lost or stolen Notes
under Section 2.10(a) shall survive. The Trustee, on demand of the Securitization Entities, shall execute proper instruments acknowledging confirmation of and discharge under the Indenture and the Global G&C Agreement.

 (c)    Series Defeasance. Except as may be provided to the contrary in any Series Supplement, the Co-Issuers, solely in connection with an optional prepayment in full, a mandatory prepayment in full or a redemption in full of all Outstanding Notes of a particular Series (the “Defeased Series”)
or in connection with the Series Legal Final Maturity Date of a particular Series of Notes, may terminate all Series Obligations with respect to such Notes and all Obligations of the Guarantors under the Global G&C Agreement in respect of such
Series of Notes on and as of any Business Day (the “Series Defeasance Date”), provided: 

(i)    the Co-Issuers irrevocably deposit in trust with the
Trustee, or at the option of the Trustee, with a trustee reasonably satisfactory to the Control Party, the Trustee and the Co-Issuers under the terms of an irrevocable trust agreement in form and substance
satisfactory to the Trustee, U.S. Dollars or Government Securities (or any combination thereof) in an amount sufficient, in the opinion of a nationally recognized firm of independent certified public accountants expressed in a written certification
thereof delivered to the Trustee, to pay (without consideration of any reinvestment) without duplication: 

(1)    all principal, interest, contingent interest, premiums, make-whole prepayment premiums, Series
Hedge Payment Amounts, commitment fees, Class A-1 Senior Notes Administrative Expenses, Class A-1 Senior Notes Interest Adjustment Amounts, Class A-1 Senior Notes Other Amounts and any other Series Obligations that will be due and payable by the Co- Issuers solely with respect to the Defeased Series as of the
applicable prepayment date, redemption date or Series Legal Final Maturity Date, as applicable, and to pay other sums payable by them under the Base Indenture, each other Indenture Document and each Series Hedge Agreement with respect to such Series
of Notes; 

  
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 (2)    all Weekly Management Fees, Supplemental
Management Fees, unreimbursed Advances (and outstanding interest thereon) and Manager Advances (and outstanding interest thereon), all fees, indemnities, reimbursements and expenses due to the Trustee, the Manager, the Servicer and the Back-Up Manager, and all Successor Manager Transition Expenses and Successor Servicer Transition Expenses, in each case that will be due and payable on or as of the following Accounting Date (or if the Series
Defeasance Date is an Accounting Date, then as of the Series Defeasance Date); and 
 (3)    all
Securitization Operation Expenses, all Environmental Remediation Expenses Amounts, all Class A-1 Senior Notes Administrative Expenses for the Defeased Series, all
Class A-1 Senior Notes Interest Adjustment Amounts for the Defeased Series and all Class A-1 Senior Notes Other Amounts for the Defeased Series, in each case,
that are due and unpaid as of the Series Defeasance Date to the Actual Knowledge of the Manager; 
 provided, that the terms of each
Government Security deposited in trust shall provide for the scheduled payment of all principal and interest thereon not later than the Business Day prior to the prepayment date, redemption date or Series Legal Final Maturity of the Defeased Series,
as applicable; and provided, further, that if (x) if the deposit is held by a trustee of an irrevocable trust other than Trustee, such trustee shall have been irrevocably instructed by the
Co-Issuers to pay such money or the proceeds of such Government Securities to the Trustee on or prior to the prepayment date, redemption date, or Series Legal Final Maturity Date, as applicable and
(y) the Trustee shall have been irrevocably instructed by the Co-Issuers to apply such money or the proceeds of such Government Securities to the payment of the Series Obligations with respect to the
Defeased Series and to the payment of other fees and expenses, as applicable; 
 (ii)    all commitments
under all Variable Funding Note Purchase Agreements and all Series Hedge Agreements with respect to such Series of Notes shall have been terminated on or before the Series Defeasance Date; 

(iii)    the Co-Issuers deliver notice of prepayment, redemption or
maturity of such Series of Notes in full to the Noteholders of the Defeased Series, the Manager, the Trustee, the Control Party, the Controlling Class Representative, the Back-Up Manager and the Rating
Agencies not more than twenty (20) Business Days prior to the Series Defeasance Date, and such notice is expressly stated to be, or as of the date of the deposit has become, irrevocable; 

(iv)    if, after giving effect to the deposit, any other Series of Notes is Outstanding, the Co-Issuers deliver to the Trustee an Officer’s Certificate of the Co-Issuers stating that no Potential Rapid Amortization Event, Rapid Amortization Event, Default or
Event of Default shall have occurred and be continuing on the date of such deposit; 
 (v)    the Master
Issuer delivers to the Trustee an Officer’s Certificate stating that the defeasance was not made by the Co-Issuers with the intent of preferring the holders of the Defeased Series over other creditors of
the Co-Issuers or with the intent of defeating, hindering, delaying or defrauding other creditors; 

  
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 (vi)    the
Co-Issuers deliver notice of such deposit to the Control Party, the Manager, the Back Up Manager and the Rating Agencies on or before the date of the deposit; 

(vii)    such defeasance will not result in a breach or violation of, or constitute a default under, the
Indenture or any Indenture Documents; 
 (viii)    the Rating Agency Condition is satisfied with respect
to each Series of Notes Outstanding, if any, other than the Defeased Series; and 
 (ix)    the Co-Issuers deliver to the Trustee an Opinion of Counsel to the effect that all conditions precedent set forth herein with respect to such termination have been satisfied. 

Upon satisfaction of such conditions, the Indenture and the Global G&C Agreement shall cease to be of further effect with respect to such Defeased Series,
the Co-Issuers and the Guarantors shall be deemed to have paid and been discharged from their Series Obligations with respect to such Defeased Series and thereafter such Defeased Series shall be deemed to be
“Outstanding” only for purposes of (1) the Trustee’s and the Paying Agent’s obligations under Section 12.2 and Section 12.3, (2) the Noteholders’ and the
Trustee’s obligations under Section 14.13 and (3) the Noteholders’ rights to registration of transfer and exchange under Section 2.8 and to replacement or substitution of mutilated,
destroyed, lost or stolen Notes under Section 2.10(a). The Trustee, on demand of the Securitization Entities, shall execute proper instruments acknowledging confirmation of and discharge under the Indenture and the Global
G&C Agreement of such Series Obligations. 
 (d)    After the conditions set forth in
Section 12.1(a) have been met, or after the irrevocable deposit is made pursuant to Section 12.1(b) and satisfaction of the other conditions set forth therein have been met, the Trustee upon
request of the Securitization Entities shall reassign (without recourse upon, or any warranty whatsoever by, the Trustee) and deliver all Collateral and documents then in the custody or possession of the Trustee promptly to the applicable
Securitization Entities. 
 Section 12.2 Application of Trust Money. The Trustee or a trustee satisfactory to the Servicer, the
Trustee and the Co- Issuers shall hold in trust money or Government Securities deposited with it pursuant to Section 12.1. The Trustee shall apply the deposited money and the money
from Government Securities through the Paying Agent in accordance with this Base Indenture and the other Related Documents to the payment of principal, premium, if any, and interest on the Notes and the other sums referred to above. The provisions
of this Section 12.2 shall survive the expiration or earlier termination of the Indenture. 

  
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 Section 12.3 Repayment to the
Co-Issuers. 
 (a)    The Trustee and the Paying Agent shall promptly pay to
the Co-Issuers upon written request any excess money or, pursuant to Sections 2.10 and 2.14, return any cancelled Notes held by them at any time. 

(b)    Subject to Section 2.6(c), the Trustee and the Paying Agent shall pay to the Co-Issuers upon written request any money held by them for the payment of principal, premium or interest that remains unclaimed for two years after the date upon which such payment shall have become due. 

(c)    The provisions of this Section 12.3 shall survive the expiration or earlier termination
of the Indenture. 
 Section 12.4 Reinstatement. If the Trustee is unable to apply any funds received under this Article
XII by reason of any proceeding, order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Co-Issuers’ obligations under the
Indenture or the other Indenture Documents and in respect of the Notes and the Guarantors’ obligations under the Global G&C Agreement shall be revived and reinstated as though no deposit had occurred, until such time as the Trustee is
permitted to apply all such funds or property in accordance with this Article XII. If the Co-Issuers or Guarantors make any payment of principal, premium or interest on any Notes or any other sums under
the Indenture Documents while such obligations have been reinstated, the Co-Issuers and the Guarantors shall be subrogated to the rights of the Noteholders or Note Owners or other Secured Parties who received
such funds or property from the Trustee to receive such payment in respect of the Notes. 
 ARTICLE XIII 

AMENDMENTS 

Section 13.1 Without Consent of the Controlling Class Representative or the Noteholders. 

(a)    Without the consent of any Noteholder, the Control Party, the Controlling Class Representative or any other
Secured Party, the Co-Issuers and the Trustee, any time and from time to time, may enter into one or more Supplements hereto, in form satisfactory to the Trustee, for any of the following purposes: 

(i)    to create a new Series of Notes; 

(ii)    to add to the covenants of the Securitization Entities for the benefit of any Noteholders or any
other Secured Parties (and if such covenants are to be for the benefit of less than all Series of Notes, stating that such covenants are expressly being included solely for the benefit of such Series) or to surrender for the benefit of the
Noteholders and the other Secured Parties any right or power herein conferred upon the Securitization Entities; provided, however, that no Co-Issuer will pursuant to this
Section 13.1(a)(ii) surrender any right or power it has under the Related Documents; 

  
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 (iii)    to mortgage, pledge, convey, assign and
transfer to the Trustee any property or assets as security for the Obligations and to specify the terms and conditions upon which such property or assets are to be held and dealt with by the Trustee and to set forth such other provisions in respect
thereof as may be required by the Indenture or as may, consistent with the provisions of the Indenture, be deemed appropriate by the Co-Issuers, the Servicer and the Trustee, or to correct or amplify the
description of any such property or assets at any time so mortgaged, pledged, conveyed and transferred to the Trustee; 

(iv)    to cure any ambiguity, defect or inconsistency or to correct or supplement any provision contained
herein or in any Supplement or in any Notes issued hereunder or in the Global G&C Agreement or any other Indenture Document to which the Trustee is a party; 

(v)    to provide for uncertificated Notes in addition to certificated Notes; 

(vi)    to add to or change any of the provisions of the Indenture to such extent as shall be necessary to
permit or facilitate the issuance of Notes in bearer form, registrable or not registrable as to principal, and with or without interest coupons; 

(vii)    to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with
respect to the Notes of one or more Series and to add to or change any of the provisions of the Indenture or the Global G&C Agreement as shall be necessary to provide for or facilitate the administration of the trusts hereunder or thereunder by
more than one Trustee; 
 (viii)    to correct or supplement any provision herein or in any Supplement or
in the Global G&C Agreement or any other Indenture Document to which the Trustee is a party which may be inconsistent with any other provision herein or therein or to make consistent any other provisions with respect to matters or questions
arising under this Base Indenture or in any Supplement, in the Global G&C Agreement or any other Indenture Document to which the Trustee is a party; 

(ix)    to comply with Requirements of Law (as evidenced by an Opinion of Counsel); 

(x)    to facilitate the transfer of Notes in accordance with applicable Law (as evidenced by an Opinion of
Counsel); 
 (xi)    to take any action necessary or helpful to avoid the imposition, under and in
accordance with applicable law, of any Tax, including withholding Tax; 
 (xii)    to take any action
necessary and appropriate to facilitate the origination of Post-Securitization Franchise Arrangements or the management and preservation of the Franchise Arrangements, in each case, in accordance with the Management Standard; or 

  
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 (xiii)    on and after the Springing Amendments
Implementation Date, to evidence and provide for the acceptance of the appointment under the Base Indenture and under the Related Documents by a successor Servicer with respect to the Notes of one or more Series and to add to or change any of the
provisions of the Indenture or the Related Documents as shall be necessary or desirable to provide for or accommodate a successor Servicer; 

provided, however, that, as evidenced by an Officer’s Certificate delivered to the Trustee and the Servicer, such action could not
reasonably be expected to adversely affect in any material respect the interests of any Noteholder, any Note Owner, the Servicer, the Back-Up Manager or any other Secured Party. 

In addition, following the Springing Amendments Implementation Date, the Servicing Agreement and the other Related Documents may be amended, amended and
restated, supplemented or otherwise modified by the parties thereto or the applicable Securitization Entities, the Manager, the Trustee and any other applicable party may enter into new Related Documents without the consent of the Control Party or
the Servicer (except to the extent that the amendment, restatement, supplement, modification or new Related Document impacts the rights, indemnities, remedies, liabilities and/or obligations of the Control Party, Servicer or the Back-Up Manager, in which circumstance consent of the Control Party, Servicer or the Back-Up Manager, as applicable, shall be required, to the extent that the Control Party,
Servicer or Back-Up Manager, as applicable, shall continue to act as Control Party, Servicer or Back-Up Manager, as applicable, following the execution of any such
amendment, restatement, supplement, modification or new Related Document), the Controlling Class Representative, or any Noteholder, for the purpose of modifying, replacing or subdividing the role of the Servicer, the Back-Up Manager, the Control Party or the Controlling Class Representative, with the receipt of a Rating Agency Confirmation being required for any change in respect of any of such parties’ obligation(s)
to make Advances. 
 (b)    Upon the request of the Co-Issuers and receipt by
the Servicer and the Trustee of the documents described in Section 2.2 and delivery by the Servicer of its consent thereto to the extent required by Section 2.2, the Trustee shall join with the Co-Issuers in the execution of any Series Supplement authorized or permitted by the terms of this Base Indenture and shall make any further appropriate agreements and stipulations which may be therein contained, but
the Trustee shall not be obligated to enter into such Series Supplement which affects its own rights, duties or immunities under this Base Indenture or otherwise. 

Section 13.2 With Consent of the Controlling Class Representative or the Noteholders. 

(a)    Except as provided in Section 13.1, the provisions of this Base Indenture, the Global
G&C Agreement, any Supplement and any other Indenture Document to which the Trustee is a party (unless otherwise provided in such Supplement) may from time to time be amended, modified or waived, if such amendment, modification or waiver is in
writing in a 

  
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Supplement and consented to in writing by the Control Party (at the direction of the Controlling Class Representative). Notwithstanding the foregoing: 

(i)    any amendment, waiver or other modification that would reduce the percentage of the Aggregate
Outstanding Principal Amount or the Outstanding Principal Amount of any Series of Notes, the consent of the Noteholders of which is required for any Supplement under this Section 13.2 or the consent of the Noteholders of
which is required for any waiver of compliance with the provisions of the Indenture or any other Related Document or defaults hereunder or thereunder and their consequences provided for in herein and therein or for any other action hereunder or
thereunder shall require the consent of each affected Noteholder; 
 (ii)    any amendment, waiver or
other modification that would permit the creation of any Lien ranking prior to or on a parity with the Lien created by the Indenture, the Global G&C Agreement or any other Related Documents with respect to any material part of the Collateral or
except as otherwise permitted by the Related Documents, terminate the Lien created by the Indenture, the Global G&C Agreement or any other Related Documents on any material portion of the Collateral at any time subject thereto or deprive any
Secured Party of any material portion of the security provided by the Lien created by the Indenture, the Global G&C Agreement or any other Related Documents shall require the consent of each affected Noteholder and each other affected Secured
Party; 
 (iii)    any amendment, waiver or other modification that would (A) extend the due date
for, or reduce the amount of any scheduled repayment or prepayment of principal of, premium, if any, or interest on any Note and the other Obligations (or reduce the principal amount of, premium, if any, or rate of interest on any Note and the other
Obligations); (B) affect adversely the interests, rights or obligations of any Noteholder individually in comparison to any other Noteholder; (C) change the provisions of the Priority of Payments; (D) change any place of payment where, or
the coin or currency in which, any Notes and the other Obligations or the interest thereon is payable; (E) impair the right to institute suit for the enforcement of the provisions of the Indenture requiring the application of funds available
therefor, as provided in Article V, to the payment of any such amount due on the Notes and the other Obligations owing to Noteholders on or after the respective due dates thereof, (F) subject to the ability of the Control Party (acting
at the direction of the Controlling Class Representative) to waive certain events as set forth in Section 9.7, amend or otherwise modify any of the specific language of the following definitions:
“Default,” “Event of Default,” “Potential Rapid Amortization Event” or “Rapid Amortization Event” (as defined in the Base Indenture or any applicable Series Supplement) or
(G) amend, waive or otherwise modify this Section 13.2, shall require the consent of the each affected Noteholder and each other affected Secured Party; and 

(iv)    any amendment, waiver or other modification that would change the time periods with respect to any
requirement to deliver to Noteholders notice with respect to any repayment, prepayment, redemption or election of any Extension Period shall require the consent of each affected Noteholder. 

(b)    No failure or delay on the part of any Noteholder, the Trustee or any other Secured Party in exercising any power
or right under the Indenture or any other Related Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such power or right preclude any other or further exercise thereof or the exercise of any other power or
right. 

  
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 (c)    The express requirement, in any provision hereof, that the Rating
Agency Condition be satisfied as a condition to the taking of a specified action, shall not be amended, modified or-waived by the parties hereto without satisfying the Rating Agency Condition. 

Section 13.3 Supplements. Each amendment or other modification to the Indenture, the Notes or the Global G&C Agreement shall
be set forth in a Supplement, a copy of which shall be delivered to the Rating Agencies and to the Servicer, the Controlling Class Representative, any Class A-1 Administrative Agent, the Manager, the
Back-Up Manager and the Co-Issuers. The Co-Issuers shall provide written notice to each Rating Agency of any amendment or
modification to the Indenture, the Notes or the Global G&C Agreement no less than ten (10) days prior to the effectiveness of the related Supplement; provided that such Supplement need not be in final form at the time such notice is
given. The initial effectiveness of each Supplement shall be subject to the delivery to the Servicer and the Trustee of an Opinion of Counsel that such Supplement is authorized or permitted by this Base Indenture and the conditions precedent set
forth herein with respect thereto have been satisfied. In addition to the manner provided in Sections 13.1 and 13.2, each Series Supplement may be amended as provided in such Series Supplement. 

Section 13.4 Revocation and Effect of Consents. Until an amendment or waiver becomes effective, a consent to it by a Noteholder of
a Note is a continuing consent by the Noteholder and every subsequent Noteholder of a Note or portion of a Note that evidences the same debt as the consenting Noteholder’s Note, even if notation of the consent is not made on any Note. Any such
Noteholder or subsequent Noteholder, however, may revoke the consent as to his Note or portion of a Note if the Trustee receives written notice of revocation before the date the amendment or waiver becomes effective. An amendment or waiver becomes
effective in accordance with its terms and thereafter binds every Noteholder. The Co-Issuers may fix a record date for determining which Noteholders must consent to such amendment or waiver. 

Section 13.5 Notation on or Exchange of Notes. The Trustee may place an appropriate notation about an amendment or waiver on any
Note thereafter authenticated. The Co-Issuers, in exchange for all Notes, may issue and the Trustee shall authenticate new Notes that reflect the amendment or waiver. Failure to make the appropriate notation
or issue a new Note shall not affect the validity and effect of such amendment or waiver. 
 Section 13.6 The Trustee to Sign
Amendments, etc. The Trustee shall sign any Supplement authorized pursuant to this Article XIII if the Supplement does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may,
but need not, sign it. In signing such Supplement, the Trustee shall be entitled to receive, if requested, an indemnity reasonably satisfactory to it and to receive and, subject to Section 10.1, shall be fully protected in
relying upon, an Officer’s Certificate of the Co-Issuers and an Opinion of Counsel as conclusive evidence that such Supplement is authorized or permitted by this Base Indenture and that all conditions
precedent have been satisfied, and that it will be valid and binding upon the Co-Issuers and the Guarantors in accordance with its terms. 

  
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 Section 13.7 Amendments and Fees. The
Co-Issuers, the Control Party and the Controlling Class Representative shall negotiate any amendments, waivers or modifications to the Indenture or the other Related Documents that require the consent of the
Control Party or the Controlling Class Representative in good faith, and any consent required to be given by the Control Party or the Controlling Class Representative shall not be unreasonably denied or delayed. The Control Party and the Controlling
Class Representative shall be entitled to be reimbursed by the Co-Issuers only for the reasonable counsel fees incurred by the Control Party or the Controlling Class Representative in reviewing and approving any amendment or in providing any
consents, and except as provided in the Servicing Agreement, neither the Control Party nor the Controlling Class Representative shall be entitled to any additional compensation in connection with any amendments or consents to this Base
Indenture or to any Related Document. 
 ARTICLE XIV 

MISCELLANEOUS 

Section 14.1 Notices. 

(a)    Any notice or communication by the Co-Issuers, the Manager or the Trustee to
any other party hereto shall be in writing and delivered in person, delivered by email, posted on a password protected website for which the recipient has granted access or mailed by first-class mail (registered or certified, return receipt
requested) facsimile or overnight air courier guaranteeing next day delivery, to such other party’s address: 
 If to the Master
Issuer: 
 Domino’s Master Issuer LLC 

24 Frank Lloyd Wright Drive 

P.O. Box 485 
 Ann Arbor,
Michigan 48106 
 Attention: Cristian Dersidan 

Facsimile: 866-282-3872 

If to the Domestic Distributor: 

Domino’s Pizza Distribution LLC 

24 Frank Lloyd Wright Drive 

P.O. Box 485 
 Ann Arbor,
Michigan 48106 
 Attention: Cristian Dersidan 

Facsimile: 866-282-3872 

If to the SPV Canadian Holdco: 

Domino’s SPV Canadian Holding Company Inc. 

24 Frank Lloyd Wright Drive 

P.O. Box 485 
 Ann Arbor,
Michigan 48106 
 Attention: Cristian Dersidan 

Facsimile: 866-282-3872 

  
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 If to the IP Holder: 

Domino’s IP Holder LLC 

24 Frank Lloyd Wright Drive 

P.O. Box 485 
 Ann Arbor,
Michigan 48106 
 Attention: Cristian Dersidan 

Facsimile: 866-282-3872 

If to the Manager: 

Domino’s Pizza LLC 
 30
Frank Lloyd Wright Drive 
 P.O. Box 997 

Ann Arbor, Michigan 48106 

Attention: Cristian Dersidan 

Facsimile: 734-930-7744 

If to the Manager with a copy to: 

Ropes & Gray LLP 

Prudential Tower 
 800 Boylston
Street 
 Boston, Massachusetts 02199 

Attention: Winthrop G. Minot 

Facsimile: 617-235-0076 

and 
 Skadden, Arps, Slate,
Meagher & Flom LLP 
 Four Times Square 

New York, NY 10036 
 Attention:
David Midvidy 
 Facsimile: 917-777-2089 

If to any Co-Issuer with a copy to: 

Domino’s Pizza LLC 
 30
Frank Lloyd Wright Drive 
 P.O. Box 997 

Ann Arbor, Michigan 48106 

Attention: Cristian Dersidan 

Facsimile: 734-930-7744 

  
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 and 

Ropes & Gray LLP 

Prudential Tower 
 800 Boylston
Street 
 Boston, Massachusetts 02199 

Attention: Winthrop G. Minot 

Facsimile: 617-235-0076 

and 
 Skadden, Arps, Slate,
Meagher & Flom LLP 
 Four Times Square 

New York, NY 10036 
 Attention:
David Midvidy 
 Facsimile: 917-777-2089 

If to the Back-Up Manager: 

FTI Consulting, Inc. 
 3 Times
Square 11th Floor 
 New York, NY 10036 

Attention: Robert J. Darefsky 

Facsimile: 212-499-3636 

If to the Servicer: 

Midland Loan Services, a division of 

PNC Bank, National Association 

10851 Mastin Street 
 Building
82, Suite 700 
 Overland Park, Kansas 66210 

Attn: President 
 Email:
NoticeAdmin@midlandls.com 
 If to the Trustee: 

Citibank, N.A. 
 388 Greenwich
Street 
 14th Floor 
 New
York, NY 10013 
 Attention: Global Transaction Services-Domino’s Pizza 

Facsimile: 212-816-5527 

  
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 If to Moody’s: 

Moody’s Investors Service, Inc. 

99 Church Street, 4th Floor 

New York, NY 10007 
 Attention:
ABS Monitoring Department 
 Facsimile: 212-553-0573 

with a copy of all notices pertaining to other indebtedness: 

Moody’s Investors Services, Inc., 

99 Church Street, 4th Floor 

New York, NY 10007 
 Attention:
Asset Finance Group – Team Managing Director 
 If to Standard & Poor’s: 

Standard & Poor’s Rating Services 

55 Water Street, 42nd Floor 

New York, NY 10041-0003 

Attention: ABS Surveillance Group - New Assets 

E-mail: ServicerReports@standardandpoors.com 

If to an Enhancement Provider or an Hedge Counterparty: At the address provided in the applicable Enhancement Agreement or the
applicable Series Hedge Agreement. 
 (b)    The Co-Issuers or the Trustee by
notice to each other party may designate additional or different addresses for subsequent notices or communications; provided, however, the Co-Issuers may not at any time designate more than a
total of three (3) addresses to which notices must be sent in order to be effective. 
 (c)    Any notice
(i) given in person shall be deemed delivered on the date of delivery of such notice, (ii) given by first class mail shall be deemed given five days after the date that such notice is mailed, (iii) delivered by facsimile shall be
deemed given on the date of delivery of such notice, (iv) delivered by overnight air courier shall be deemed delivered one (1) Business Day after the date that such notice is delivered to such overnight courier, (v) when posted on a
password-protected website shall be deemed delivered after notice of such posting has been provided to the recipient and (vi) delivered by email shall be deemed delivered on the date of delivery of such notice. 

(d)    Notwithstanding any provisions of the Indenture to the contrary, the Trustee shall have no liability based upon or
arising from the failure to receive any notice required by or relating to the Indenture, the Notes or any other Related Document. 

  
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 (e)    If any Co-Issuer delivers
a notice or communication to Noteholders, it shall deliver a copy to the Back-Up Manager, the Servicer, the Controlling Class Representative and the Trustee at the same time. 

(f)    Where the Indenture provides for notice to Noteholders of any event, such notice shall be sufficiently given
(unless otherwise herein expressly provided) if sent in writing and mailed, first-class postage prepaid, to each Noteholder affected by such event, at its address as it appears in the Note Register, not later than the latest date, and not earlier
than the earliest date, prescribed (if any) for the giving of such notice. In any case where notice to a Noteholder is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Noteholder shall
affect the sufficiency of such notice with respect to other Noteholders, and any notice which is mailed in the manner herein provided shall be conclusively presumed to have been duly given. Where the Indenture provides for notice in any manner, such
notice may be waived in writing by any Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Noteholders shall be filed with the Trustee, but such
filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. In the case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice
by mail, then such notification as shall be made that is satisfactory to the Trustee shall constitute a sufficient notification for every purpose hereunder. 

(g)    Notwithstanding any other provision herein, for so long as DPL is the Manager, any notice, communication,
certificate, report, statement or other information required to be delivered by the Manager to any Co-Issuer, or by any Co-Issuer to the Manager, shall be deemed to have
been delivered to both the Co-Issuer and the Manager if the Manager has prepared or is otherwise in possession of such notice, communication, certificate, report, statement or other information, and in no
event shall the Manager or any Co-Issuer be in breach of any delivery requirements hereunder for constructive delivery pursuant to this Section 14.1(g). 

(h)    Notwithstanding any other provision, any notices delivered to a
Class A-1 Administrative Agent shall be delivered in accordance with the terms of the applicable Variable Funding Note Purchase Agreement. 

Section 14.2 Communication by Noteholders With Other Noteholders. Noteholders may communicate with other Noteholders with respect
to their rights under the Indenture or the Notes. 
 Section 14.3 Officer’s Certificate as to Conditions
Precedent. Upon any request or application by the Co-Issuers to the Controlling Class Representative, the Servicer or the Trustee to take any action under the Indenture or any other Related Document,
the Co-Issuers to the extent requested by the Controlling Class Representative, the Servicer or the Trustee shall furnish to the Controlling Class Representative, the Servicer and the Trustee
(a) an Officer’s Certificate of the Co-Issuers in form and substance reasonably satisfactory to the Controlling Class Representative, the Servicer or the Trustee, as applicable (which shall
include the statements set forth in Section 14.4), stating that all conditions precedent and covenants, if any, provided for in the Indenture or such other Related Documents relating to the proposed action have been
complied with and (b) an Opinion of Counsel confirming the same. Such Opinion of Counsel shall be at the expense of the Co-Issuers. 

  
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 Section 14.4 Statements Required in Certificate. Each certificate with respect
to compliance with a condition or covenant provided for in the Indenture or any other Related Document shall include: 

(a)    a statement that the Person giving such certificate has read such covenant or condition; 

(b)    a brief statement as to the nature and scope of the examination or investigation upon which the statements
contained in such certificate are based; 
 (c)    a statement that, in the opinion of such Person, he has made such
examination or investigation as is necessary to enable him to reach an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d)    a statement as to whether or not such condition or covenant has been complied with. 

Section 14.5 Rules by the Trustee. The Trustee may make reasonable rules for action by or at a meeting of Noteholders. 

Section 14.6 Benefits of Indenture. Except as set forth in a Series Supplement, nothing in this Base Indenture or in the Notes,
expressed or implied, shall give to any Person, other than the parties hereto and their successors hereunder and the Holders and the other Secured Parties, any benefit or any legal or equitable right, remedy or claim under the Indenture. 

Section 14.7 Payment on Business Day. In any case where any Quarterly Payment Date, redemption date or maturity date of any Note
shall not be a Business Day, then (notwithstanding any other provision of the Indenture) payment of interest or principal (and premium, if any), as the case may be, need not be made on such date but may be made on the next succeeding Business Day
with the same force and effect as if made on the Quarterly Payment Date, redemption date or maturity date; provided, however, that no interest shall accrue for the period from and after such Quarterly Payment Date, redemption date or
maturity date, as the case may be. 
 Section 14.8 Governing Law. THIS BASE INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE GENERAL
OBLIGATIONS LAW OF THE STATE OF NEW YORK). 
 Section 14.9 Successors. All agreements of each of the Co-Issuers in the Indenture, the Notes and each other Related Document to which it is a party shall bind its successors and assigns; provided, however, no
Co-Issuer may assign its obligations or rights under the Indenture or any other Related Document, except with the written consent of the Servicer. All agreements of the Trustee in the Indenture shall bind its
successors. 

  
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 Section 14.10 Severability. In case any provision in the Indenture, the Notes or
any other Related Document shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 14.11 Counterpart Originals. The parties may sign any number of copies of this Base Indenture. Each signed copy shall be
an original, but all of them together represent the same agreement. 
 Section 14.12 Table of Contents, Headings, etc.
The Table of Contents and headings of the Articles and Sections of the Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions
hereof. 
 Section 14.13 No Bankruptcy Petition Against the Securitization Entities. Each of the Noteholders, the Trustee and
the other Secured Parties hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of the latest maturing Note, it will not institute against, or join with any other Person in instituting against,
any Securitization Entity any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law; provided, however, that nothing in this
Section 14.13 shall constitute a waiver of any right to indemnification, reimbursement or other payment from the Securitization Entities pursuant to the Indenture or any other Related Document. In the event that any such
Noteholder or other Secured Party or the Trustee takes action in violation of this Section 14.13. each affected Securitization Entity shall file or cause to be filed an answer with the bankruptcy court or otherwise properly
contesting the filing of such a petition by any such Noteholder or Secured Party or the Trustee against such Securitization Entity or the commencement of such action and raising the defense that such Noteholder or other Secured Party or the Trustee
has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. The provisions of this Section 14.13 shall survive the
termination of the Indenture and the resignation or removal of the Trustee. Nothing contained herein shall preclude participation by any Noteholder or any other Secured Party or the Trustee in the assertion or defense of its claims in any such
proceeding involving any Securitization Entity. 
 Section 14.14 Recording of Indenture. If the Indenture is subject to
recording in any appropriate public recording offices, such recording is to be effected by the Co-Issuers and at their expense. 

Section 14.15 Waiver of Jury Trial. EACH OF THE CO-ISSUERS AND THE TRUSTEE HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS BASE INDENTURE, THE NOTES, THE OTHER RELATED DOCUMENTS OR THE TRANSACTIONS
CONTEMPLATED HEREBY AND THEREBY. 

  
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 Section 14.16 Submission to Jurisdiction: Waivers. Each of the Co-Issuers and the Trustee hereby irrevocably and unconditionally: 
 (a)    submits
for itself and its property in any legal action or proceeding relating to the Indenture and the other Related Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the courts of the State of New York, the courts of the United States for the Southern District of New York, and appellate courts from any thereof; 

(b)    consents that any such action or proceeding may be brought in such courts and waives any objection that it may now
or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

(c)    agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by
registered or certified mail (or any substantially similar form of mail), postage prepaid, to the Co-Issuers or the Trustee, as the case may be, at its address set forth in
Section 14.1 or at such other address of which the Trustee shall have been notified pursuant thereto; 

(d)    agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law
or shall limit the right to sue in any other jurisdiction; and 
 (e)    waives, to the maximum extent not prohibited by
law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section 14.16 any special, exemplary, punitive or consequential damages. 

Section 14.17 Permitted Asset Dispositions; Release of Collateral. After consummation of a Permitted Asset Disposition, upon
request of the Co- Issuers, the Trustee, at the written direction of the Servicer, shall execute and deliver to the Co- Issuers any and all documentation reasonably
requested and prepared by the Co-Issuers at their expense to effect or evidence the release by the Trustee of the Secured Parties’ security interest in the property disposed of in connection with such
Permitted Asset Disposition. 
 Section 14.18 Administration of the DNAF Account 

(a)    Establishment of the DNAF Account. Pursuant to Section 6.2 of the DNAF Servicing Agreement, DNAF has granted a
security interest in the Serviced Funds to the Master Issuer, the Domestic Franchisor and the IP Holder, which grant shall be effective automatically upon the occurrence and continuation of a Rapid Amortization Event. In furtherance of the
foregoing, upon the effectiveness of such grant, the Master Issuer, the Domestic Franchisor and the IP Holder shall assign such security interest to the Trustee for the benefit of the Secured Parties and in order to perfect such security interest
granted to the Trustee, the Master Issuer, the Domestic Franchisor and the IP Holder shall (i) establish and maintain an account in the name of the Trustee, bearing a designation clearly indicating that the funds deposited therein are held for
the benefit of the Master Issuer, the Domestic Franchisor and the IP Holder and their assigns, which account shall be subject to an Account Control Agreement, and which shall, for the purposes of the Base Indenture and the other Related Documents,
become the “DNAF Account” and (ii) immediately thereafter shall cause DNAF to transfer all Serviced Funds into such new DNAF Account. 

  
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 (b)    Administration of the DNAF Account. The Co-Issuers hereby agree that all amounts held in the DNAF Account shall be used solely to provide the advertising and marketing for the benefit of the Domestic Franchisees and the owners of the Company-Owned Stores
located in the Domestic Territory (the “Advertising Obligations”). The Trustee’s security interest in the DNAF Account and the funds on deposit therein shall be limited to the amount necessary to perform the Advertising
Obligations and the funds subject to such security interest shall not be used for any other purpose. So long as no Manager Termination Event or DNAF Servicer Termination Event shall have occurred, the
Co-Issuers shall cause DPL to direct the use of the amounts held in the DNAF Account solely to perform the Advertising Obligations pursuant to the terms of the DNAF Servicing Agreement. 

[Signature Pages Follow] 

  
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 IN WITNESS WHEREOF, each of the Co-Issuers, the
Trustee and the Securities Intermediary have caused this Amended and Restated Base Indenture to be duly executed by its respective duly authorized officer as of the day and year first written above. 

 

			
	DOMINO’S MASTER ISSUER LLC, as Co-Issuer
		
	By:	 	  

		 	 Name: Adam J. Gacek
 Title:
Secretary

	
	DOMINO’S PIZZA DISTRIBUTION LLC, as Co-Issuer
		
	By:	 	  

		 	 Name: Adam J. Gacek
 Title:
Secretary

	
	DOMINO’S SPV CANADIAN HOLDING COMPANY INC., as Co-Issuer
		
	By:	 	  

		 	 Name: Adam J. Gacek
 Title:
Secretary

	
	DOMINO’S IP HOLDER LLC, as Co-Issuer
		
	By:	 	  

		 	 Name: Adam J. Gacek
 Title:
Secretary

 Domino’s – Amended and Restated Base Indenture 

 ANNEX A 

BASE INDENTURE DEFINITIONS LIST 

“2007 Base Indenture” means the Base Indenture, dated as of April 16, 2007, by and among the Co-Issuers and Citibank, N.A., as trustee and as securities intermediary. 
 “Account
Agreement” means each agreement governing the establishment and maintenance of any Concentration Account or any other Base Indenture Account or Series Account to the extent that any such account is not held at the Trustee. 

“Account Control Agreement” means each control agreement pursuant to which the Trustee is granted the right to control
deposits to and withdrawals from, or otherwise to give instructions or entitlement orders in respect of, a deposit and/or securities account and any Lock-Box related thereto (including, without limitation,
with respect to each Concentration Account, except as provided by Section 5.1(a) of the Base Indenture) provided, however, that each Account Control Agreement shall be in form and substance reasonably satisfactory to
the Trustee. 
 “Accounting Date” means the date three (3) Business Days prior to each Quarterly Payment Date. Any
reference to an Accounting Date relating to a Quarterly Payment Date means the Accounting Date occurring in the same calendar month as the Quarterly Payment Date and any reference to an Accounting Date relating to a Quarterly Collection Period means
the Quarterly Collection Period most recently ended on or prior to the related Quarterly Payment Date. 
 “Actual
Knowledge” means the actual knowledge of (i) in the case of any Securitization Entity, any manager or director (as applicable) (other than an Independent Manager or Independent Director) or officer of such Securitization Entity,
(ii) in the case of the Manager, with respect to a relevant matter or event, an Authorized Officer of the Manager directly responsible for managing, the relevant asset or for administering the transactions relevant to such matter or event,
(iii) with respect to the Trustee, a Trust Officer, or (iv) with respect to any other Person, any member of senior management of such Person. 

“Actual Monthly Distributor Profit Amount” means, with respect to any Monthly Distributor Profit Period, the actual aggregate
amount of Distributor Profit required to have been deposited in the Collection Account during such Monthly Distributor Profit Period by any Distributor, as calculated by the Manager and set forth in each applicable Monthly Distributor Profit
Certificate. 
 “Additional Asset Holder” means any Additional Securitization Entity that, after the Closing Date, is
designated as an “Additional Asset Holder” pursuant to Section 8.34 of the Base Indenture. 

“Additional Class A-1 Senior Notes” means, with respect to any
Series of Notes, additional Class A-1 Senior Notes issued after the Series Closing Date of such Series in accordance with Section 2.3 of the Base Indenture 

 “Additional Class A-1
Senior Notes Commitment Fees Shortfall Interest” has the meaning set forth in Section 5.12(e) of the Base Indenture. 

“Additional Co-Issuer” means any Additional Securitization Entity that, after the
Closing Date, is designated an “Additional Co-Issuer” pursuant to Section 8.34 of the Base Indenture. 

“Additional Co-Issuer Charter Documents” means, collectively, with respect to any
Additional Co-Issuer, the certificate of incorporation, the by-laws, the certificate of formation, the operating agreement, the memorandum of association, the articles
of association and/or any such similar documents of such Additional Co-Issuer depending on the form of such entity. 

“Additional Co-Issuer Operating Agreement” means, with respect to any Additional Co-Issuer, the certificate of incorporation, the operating agreement or such similar document of such Additional Co-Issuer depending on the form of such entity. 

“Additional Concentration Account” has the meaning set forth in Section 5.1(a) of the Base
Indenture. 
 “Additional Concentration Account Control Agreement” means the Account Control Agreement governing any
Additional Concentration Account entered into by and among the applicable Securitization Entity, the Manager, the Trustee and the bank or other financial institution then holding such Additional Concentration Account; provided that an
Additional Concentration Account Control Agreement shall not be required for any Additional Concentration Account that is located in a country outside of the United States (i) if such agreement would not be enforceable under the applicable laws
of such country, as evidenced by a written notice from an Authorized Officer of the applicable Securitization Entity to the Control Party setting forth the rationale for such conclusion or (ii) if such Additional Concentration Account qualifies
as an “Eligible Account” pursuant to clause (c) of the definition thereof; provided, further, that the Trustee shall have no duty or responsibility to monitor whether such Additional Concentration Account qualifies as an
“Eligible Account” pursuant to clause (c) of the definition thereof. 
 “Additional Distribution Concentration
Account” means any Additional Concentration Account designated as a “Distribution Concentration Account” pursuant to Section 5.1(a) of the Base Indenture. 

“Additional Distributor” means any Additional Securitization Entity that, after the Closing Date, is designated as an
“Additional Distributor” pursuant to Section 8.34 of the Base Indenture. 
 “Additional
Franchisor” means any Additional Securitization Entity that, after the Closing Date, is designated as an Additional “Franchisor” pursuant to Section 8.34 of the Base Indenture. 

“Additional IP Holder” means any Additional Securitization Entity that, after the Closing Date, is designated as an
“Additional IP Holder” pursuant to Section 8.34 of the Base Indenture. 

  
 -3- 

 “Additional Issuance Date” means, with respect to any Class A-1 Senior Notes issued after their related Series Closing Date, the date of issuance of such Class A-1 Senior Notes. 

“Additional Royalties Concentration Account” means any Additional Concentration Account designated as a “Royalties
Concentration Account” pursuant to Section 5.1(a) of the Base Indenture. 
 “Additional Securitization
Entity” means any entity that becomes a direct or indirect wholly-owned Subsidiary of the Master Issuer or any other Securitization Entity after the Closing Date in accordance with and as permitted under the Related Documents and is
designated by the Co-Issuers as an “Additional Securitization Entity” pursuant to Section 8.34 of the Base Indenture. 

“Additional Securitization Entity Charter Documents” means, collectively, with respect to any Additional Securitization
Entity, the certificate of incorporation, the by-laws, the certificate of formation, the operating agreement and/or any such similar documents of such Additional Securitization Entity depending on the form of
such entity. 
 “Additional Securitization Entity Operating Agreement” means, with respect to any Additional Securitization
Entity, the certificate of incorporation, the operating agreement or such similar document of such Additional Securitization Entity depending on the form of such entity. 

“Additional Senior Notes Interest Shortfall Interest” has the meaning set forth in Section 5.12(c)
of the Base Indenture. 
 “Additional Senior Subordinated Notes Interest Shortfall Interest” has the meaning set forth in
Section 5.12(h) of the Base Indenture. 
 “Additional Subordinated Notes Interest Shortfall
Interest” has the meaning set forth in Section 5.12(k) of the Base Indenture. 
 “Additional
Subsidiary Guarantor” means an Additional Securitization Entity that, after the Closing Date, is designated as an “Additional Subsidiary Guarantor” pursuant to Section 8.34 of the Base Indenture. 

“Adjusted Net Cash Flow” means for any Quarterly Payment Date and the immediately preceding Quarterly Collection Period, an
amount equal to the product of (a) in the case of any fiscal year of the Co-Issuers containing 52 weeks, 91 or, in the case of any fiscal year of the Co-Issuers
containing 53 weeks, 92.75, multiplied by (b) the quotient of (i) the Net Cash Flow with respect to such Quarterly Payment Date divided by (ii) the actual number of days within such Quarterly Collection Period. 

“Advance” means any Debt Service Advance or Collateral Protection Advance. 

“Advance Interest Rate” means a rate equal to the Prime Rate plus 3% per annum. 

“Advance Period” means on and after the Springing Amendments Implementation Date, the period commencing on the date that the
Servicer makes an Advance and ending on the date the Servicer is reimbursed in full (from amounts other than Advances) for all outstanding Advances with interest thereon. 

  
 -4- 

 “Advance Suspension Period” has the meaning set forth in the Servicing
Agreement. 
 “Advertising Fees” means any fees payable by a Domestic Franchisee pursuant to a Domestic Franchise
Arrangement to be used by DNAF for advertising and marketing activities in accordance with the terms of such Franchise Arrangements including, without limitation, any fees paid by Domestic Franchisees to DNAF for advertising and marketing activities
related to advertising co-operatives. 
 “Advertising Obligations” has the meaning
set forth in Section 14.18(b) of the Base Indenture. 
 “Affiliate” means, with respect to any
specified Person, another Person that directly, or indirectly through one or more intermediaries, controls or is controlled by or is under common control with the Person specified. For purposes of this definition, “control” means the power
to direct the management and policies of a Person, directly or indirectly, whether through ownership of voting securities, by contract or otherwise; and “controlled” and “controlling” have meanings correlative to the foregoing.

 “After-Acquired IP Assets” means any Intellectual Property, including without limitation Future Brand IP, created,
developed or acquired after the Closing Date by or on behalf of, and owned by, the IP Holder or any Additional IP Holder; provided that, for purposes of any of the Contribution and Sale Agreements, “After-Acquired IP Assets” shall
have the meaning set forth on Schedule I attached hereto. 
 “After-Acquired Overseas IP” means any Know-How specific to the operation of Stores and Franchise Arrangements in the Overseas Countries (but not including any Patents, Copyrights or Trademarks or any Intellectual Property that is a derivation of the
Domino’s IP) created, developed or acquired by or on behalf of any of the Overseas Entities after the Series 2007-1 Closing Date (but prior to the Closing Date) and owned by any of the Overseas Entities
in accordance with the terms of the Overseas IP Holder Asset Sale and IP License Agreement; provided that, for purposes of any of the Contribution and Sale Agreements, “After-Acquired Overseas IP” shall have the meaning set forth on
Schedule I attached hereto. 
 “Agent” means any Registrar or Paying Agent. 

“Aggregate Outstanding Principal Amount” means the sum of the Outstanding Principal Amounts with respect to all Series of
Notes. 
 “Annual Noteholders’ Tax Statement” has the meaning set forth in Section 4.2 of
the Base Indenture. 
 “Applicable Procedures” means the provisions of the rules and procedures of DTC, the “Operating
Procedures of the Euroclear System” and “Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream, as in effect from time
to time. 

  
 -5- 

 “Applicants” has the meaning set forth in
Section 2.7(a) of the Base Indenture. 
 “Articles of Association” means, with respect to any
corporation or unlimited company and any time, the articles of association or such similar documents of such unlimited company in effect at such time. 

“Asset Disposition” means any Refranchising Asset Disposition, any Asset Resale Disposition, any Permitted Distribution Asset
Disposition or any Real Estate Disposition or any other asset disposition permitted pursuant to Section 8.16 of the Base Indenture. 

“Asset Disposition Proceeds” means the gross proceeds received from any Asset Disposition. 

“Asset Holder” means, the Domestic Distribution Real Estate Holder, the Domestic Distribution Equipment Holder, the Master
Issuer, to the extent of its holdings of Leased Domestic and Manufacturing and Distribution Centers, and any Additional Asset Holder. 

“Asset Resale Disposition” means any resale, transfer or other disposition of an asset acquired by any Securitization Entity
for resale to one or more Franchisees (excluding any Refranchising Asset Dispositions) for a Franchisee Promissory Note or for cash in one payment or any combination thereof. 

“Assignment” means any assignment delivered in accordance with the terms of the IP Assets Contribution Agreement. 

“Authorized Officer” means, as to any Person, any of the Chief Executive Officer, the President, any Vice President, the
Chief Financial Officer, the Treasurer, the Secretary, any Assistant Treasurer or any Assistant Secretary of such Person. 

“Available Administrative Account Amount” means, as of any Accounting Date: 

with respect to any deficiency relating to the Senior Notes Interest Account pursuant to Section 5.12(a) of the Base
Indenture, the aggregate of the amounts on deposit in (a) the Class A-1 Senior Notes Commitment Fees Account, (b) the Senior Subordinated Notes Interest Account, (c) the Senior Notes
Principal Payments Account, (d) the Senior Subordinated Notes Principal Payments Account, (e) the Subordinated Notes Interest Account, (f) the Subordinated Notes Principal Payments Account, (g) the Senior Notes Post-ARD Contingent Interest Account, (h) the Senior Subordinated Notes Post-ARD Contingent Interest Account and (i) the Subordinated Notes Post-ARD Contingent Interest Account as of the last day of the Quarterly Collection Period immediately preceding such Accounting Date; 

with respect to any deficiency relating to the Class A-1 Senior Notes Commitment Fees Account
pursuant to Section 5.12(d) of the Base Indenture, the aggregate of the amounts on deposit in the accounts listed in clauses (i)(b) through (i) above as of the last day of the Quarterly Collection Period
immediately preceding such Accounting Date; 
 with respect to any deficiency relating to the Senior Subordinated Notes Interest Account
pursuant to Section 5.12(f) of the Base Indenture, the aggregate of the amounts on deposit in the accounts listed in clauses (i)(c) through (i) above as of the last day of the Quarterly Collection Period
immediately preceding such Accounting Date; 

  
 -6- 

 with respect to any deficiency relating to the Senior Notes Principal Payments Account
pursuant to Section 5.12(g) of the Base Indenture, the aggregate of the amounts on deposit in the accounts listed in clauses (i)(d) through (i) above as of the last day of the Quarterly Collection Period
immediately preceding such Accounting Date; 
 with respect to any deficiency relating to the Senior Subordinated Notes Principal Payments
Account pursuant to Section 5.12(i) of the Base Indenture, the aggregate of the amounts on deposit in the accounts listed in clauses (i)(e) through (i) above as of the last day of the Quarterly Collection Period
immediately preceding such Accounting Date; 
 with respect to any deficiency relating to the Subordinated Notes Interest Account pursuant
to Section 5.12(j) of the Base Indenture, the aggregate of the amounts on deposit in the accounts listed in clauses (i)(f) through (i) above as of the last day of the Quarterly Collection Period immediately
preceding such Accounting Date; 
 with respect to any deficiency relating to the Subordinated Notes Principal Payments Account pursuant to
Section 5.12(l) of the Base Indenture, the aggregate of the amounts on deposit in the accounts listed in clauses (i)(g) through (i) above as of the last day of the Quarterly Collection Period immediately
preceding such Accounting Date; 
 with respect to any deficiency relating to the Senior Notes
Post-ARD Contingent Interest Account pursuant to Section 5.12(m) of the Base Indenture, the aggregate of the amounts on deposit in the accounts listed in clauses (i)(h) and
(i) above as of the last day of the Quarterly Collection Period immediately preceding such Accounting Date; and 
 with respect to any
deficiency relating to the Senior Subordinated Notes Post-ARD Contingent Interest Account pursuant to Section 5.12(n) of the Base Indenture, the amount on deposit in the account
listed in clause (i)(i) above as of the last day of the Quarterly Collection Period immediately preceding such Accounting Date. 

“Available Senior Notes Interest Reserve Account Amount” means, as of any date of determination, the sum of (i) the
amount on deposit in the Senior Notes Interest Reserve Account and (ii) the undrawn face amount of any Interest Reserve Letters of Credit issued for the benefit of the Trustee for the benefit of the Senior Noteholders, after giving effect to
any withdrawals therefrom or draws with respect to the Senior Notes. 
 “Available Senior Subordinated Notes Interest Reserve
Account Amount” means, as of any date of determination, the sum of (i) the amount on deposit in the Senior Subordinated Notes Interest Reserve Account and (ii) the undrawn face amount of any Interest Reserve Letters of Credit
issued for the benefit of the Trustee for the benefit of the Senior Subordinated Noteholders, after giving effect to any withdrawals therefrom or draws with respect to the Senior Subordinated Notes. 

“Back-Up Management Agreement” means the Amended and Restated Back-Up Management Agreement, dated as of April 16, 2021, by and among the Co-Issuers, the Manager, the Trustee and the Back-Up
Manager, as amended, supplemented or otherwise modified from time to time. 

  
 -7- 

 “Back-Up Manager” means FTI
Consulting, Inc., a Maryland corporation, in its capacity as Back-Up Manager pursuant to the Back-Up Management Agreement, and any successor Back-Up Manager. 
 “Back-Up Manager Consent Consultation
Fees” has the meaning set forth in the Back-Up Management Agreement. 
 “Back-Up Manager Fees” means all compensation and indemnification payments, if any, payable by the Co-Issuers to the Back-Up
Manager under the terms of the Back-Up Management Agreement and all reasonable out-of-pocket expenses of the Back-Up Manager required to be reimbursed by the Co-Issuers pursuant to the Back-Up Management Agreement. 

“Bank Account Expenses” means any fees or charges imposed on any Concentration Account, Base Indenture Account or Series
Account by the bank establishing and maintaining such account. 
 “Bankruptcy Code” means the Bankruptcy Reform Act of
1978, as amended from time to time, and as codified as 11 U.S.C. Section 101 et seq. 
 “Base Indenture” means the
Amended and Restated Base Indenture, dated as of March 15, 2012, by and among the Co-Issuers and the Trustee, as amended, supplemented or otherwise modified from time to time, exclusive of any Series
Supplements. 
 “Base Indenture Account” means any account or accounts authorized and established pursuant to the Base
Indenture for the benefit of the Secured Parties, including, without limitation, each account established pursuant to Article V of the Base Indenture and the Residual Amounts Account. 

“Base Indenture Definitions List” has the meaning set forth in Section 1.1 of the Base Indenture.

 “Book-Entry Notes” means beneficial interests in the Notes of any Series, ownership and transfers of which will be
evidenced or made through book entries by a Clearing Agency as described in Section 2.12 of the Base Indenture; provided that, after the occurrence of a condition whereupon book-entry registration and transfer are no
longer permitted and Definitive Notes are issued to the Note Owners, such Definitive Notes will replace Book-Entry Notes. 

“Business Day” means any day except Saturday, Sunday or any day on which banks are generally not open for business in Ann
Arbor, Michigan or New York, New York. 
 “Canadian Distribution Assets Sale Agreement” means the sale agreement, dated as
of the Series 2007-1 Closing Date, as amended, supplemented or otherwise modified from time to time, pursuant to which the Canadian Manufacturer sells certain Distribution Assets associated with the Canadian
distribution business to the Canadian Distributor. 

  
 -8- 

 “Canadian Distribution Concentration Account” means the account maintained
in the name of the Master Issuer or the Canadian Distributor and pledged to the Trustee into which the Manager causes Product Purchase Payments and other Collections which are denominated in Canadian dollars due to the Canadian Distributor to be
deposited or any successor account established for the Master Issuer or the Canadian Distributor by the Manager for such purpose pursuant to the Base Indenture and the Management Agreement, including any investment accounts related thereto into
which funds are transferred for investment purposes pursuant to Section 5.1(b) of the Base Indenture. 

“Canadian Distribution Concentration Account Control Agreement” means the Account Control Agreement governing the Canadian
Distribution Concentration Account entered into by and among the Master Issuer and/or the Canadian Distributor, the Manager, the Trustee and the bank or other financial institution then holding the Canadian Distribution Concentration Account (which
Account Control Agreement shall be reasonably acceptable to the Trustee, it being understood that the Canadian Distribution Concentration Account Control Agreement in effect on the Closing Date is so acceptable to the Trustee). 

“Canadian Distribution U.S. Dollar Concentration Account” means the account maintained in the name of the
Master Issuer or the Canadian Distributor and pledged to the Trustee into which the Manager causes funds from the Canadian Distribution Concentration Account, once converted into U.S. Dollars, to be deposited in order to pay suppliers located in the
United States in U.S. Dollars or any successor account established for the Master Issuer or the Canadian Distributor by the Manager for such purpose pursuant to the Base Indenture and the Management Agreement, including any investment accounts
related thereto into which funds are transferred for investment purposes pursuant to Section 5.1(b) of the Base Indenture. 

“Canadian Distribution U.S. Dollar Concentration Account Control Agreement” means the Account Control
Agreement governing the Canadian Distribution U.S. Dollar Concentration Account entered into by and among the Master Issuer and/or the Canadian Distributor, the Manager, the Trustee and the bank or other financial institution then holding the
Canadian Distribution U.S. Dollar Concentration Account (which Account Control Agreement shall be reasonably acceptable to the Trustee, it being understood that the Canadian Distribution U.S. Dollar Concentration Account Control Agreement
in effect on the Closing Date is so acceptable to the Trustee). 
 “Canadian Distributor” means Domino’s Pizza
Canadian Distribution ULC, a Nova Scotia unlimited company, and its successors and assigns. 
 “Canadian Distributor Articles of
Association” means the Articles of Association of the Canadian Distributor, filed on April 12, 2007, as amended, supplemented or otherwise modified from time to time. 

“Canadian Distributor Charter Documents” means the Canadian Distributor Articles of Association and the Canadian Distributor
Memorandum of Association. 

  
 -9- 

 “Canadian Distributor IP License Agreement” means the Canadian Distributor
IP License Agreement, dated as of April 16, 2007, by and between the Canadian Distributor and the IP Holder, as may be amended, supplemented or otherwise modified from time to time. 

“Canadian Distributor Memorandum of Association” means the memorandum of association of the Canadian Distributor filed on
April 16, 2007, as amended, supplemented or otherwise modified from time to time. 
 “Canadian Holdco” means
Domino’s Canadian Holding Company Inc., a Delaware corporation, and its successors and assigns. 
 “Canadian
Manufacturer” means Domino’s Pizza NS Co., a Nova Scotia unlimited company, and its successors and assigns. 

“Canadian Manufacturer Articles of Association” means the Articles of Association of the Canadian Manufacturer, filed on
November 18, 1999, as amended, supplemented or otherwise modified from time to time. 
 “Canadian Manufacturer Charter
Documents” means the Canadian Manufacturer Articles of Association and the Canadian Manufacturer Memorandum of Association. 

“Canadian Manufacturer Memorandum of Association” means the memorandum of association of the Canadian Manufacturer filed on
November 18, 1999, as amended, supplemented or otherwise modified from time to time. 
 “Canadian Manufacturer Product Purchase
Agreement” means the Canadian Manufacturer Product Purchase Agreement, dated as of April 16, 2007, by and between the Canadian Manufacturer and the Canadian Distributor, as amended, supplemented or otherwise modified from time to time.

 “Canadian Manufacturer Product Purchase Agreement Payment” means any payment that is due and payable by the Canadian
Distributor to the Canadian Manufacturer pursuant to the Canadian Manufacturer Product Purchase Agreement. 
 “Canadian
Taxes” means Canadian income taxes and Canadian sales taxes owed by the Canadian Distributor. 
 “Capitalized Lease
Obligations” of any Person means 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 capital leases on a balance sheet of such Person under GAAP and, for the purposes of the Related Documents, the amount of such obligations will be the capitalized amount thereof determined in accordance
with GAAP. 
 “Capped Class A-1 Senior Notes Administrative Expenses
Amount” means, for each Weekly Allocation Date with respect to any Quarterly Collection Period, an amount equal to the lesser of (a) the Class A-1 Senior Notes Administrative Expenses that
have become due and payable prior to such Weekly Allocation Date and have not been previously paid and (b) the 

  
 -10- 

 
amount by which (i) $100,000 exceeds (ii) the aggregate amount of Class A-1 Senior Notes Administrative Expenses previously paid on each
preceding Weekly Allocation Date that occurred (x) in the case of a Weekly Allocation Date occurring during the annual period following the Closing Date and ending on the first anniversary thereof, since the Closing Date and (y) in the
case of a Weekly Allocation Date occurring during any other annual period beginning with the annual period following the first anniversary of the Closing Date, since the most recent anniversary thereof. 

“Capped Securitization Operating Expenses Amount” means, for any Weekly Allocation Date within any Quarterly Collection
Period, an amount equal to the lesser of (a) the Securitization Operating Expenses that have become due and payable prior to such Weekly 

Allocation Date and have not been previously paid and (b) the amount by which (i) $500,000 exceeds (ii) the aggregate amount
of Securitization Operating Expenses previously paid on each preceding Weekly Allocation Date that occurred in such annual period (measured from the Closing Date to the anniversary thereof and from each anniversary thereof to the next succeeding
anniversary thereof) in which such Weekly Allocation Date occurs; provided, however, that during any period that the Back-Up Manager is required to provide certain additional services pursuant to
the Back-Up Management Agreement, the Control Party, acting at the direction of the Controlling Class Representative, may increase the amount in clause (b)(i) above in order to take account of any
increased fees associated with the provision of such additional services; provided, further, that any Mortgage Recordation Fees will be paid at priority (v) of the Priority of Payments without regard to the Capped Securitization
Operating Expenses Amount. 
 “Carryover Class A-1 Senior Notes Accrued
Quarterly Commitment Fee Amount” means (a) for the first Weekly Allocation Date with respect to any Quarterly Collection Period, zero, and (b) for any other Weekly Allocation Date with respect to such Quarterly Collection
Period the amount, if any, by which (i) the amount allocated to the Class A-1 Senior Notes Commitment Fees Account with respect to Class A-1 Senior Notes
Quarterly Commitment Fees on the immediately preceding Weekly Allocation Date with respect to such Quarterly Collection Period was less than (ii) the Class A-1 Senior Notes Accrued Quarterly
Commitment Fee Amount for such immediately preceding Weekly Allocation Date. 
 “Carryover Senior Notes Accrued Quarterly Interest
Amount” means (a) for the first Weekly Allocation Date with respect to any Quarterly Collection Period, zero, and (b) for any other Weekly Allocation Date with respect to such Quarterly Collection Period the amount, if any, by
which (i) the amount allocated to the Senior Notes Interest Account with respect to Senior Notes Quarterly Interest on the immediately preceding Weekly Allocation Date with respect to such Quarterly Collection Period was less than (ii) the
Senior Notes Accrued Quarterly Interest Amount for such immediately preceding Weekly Allocation Date. 
 “Carryover Senior Notes
Accrued Quarterly Post-ARD Contingent Interest Amount” means (a) for the first Weekly Allocation Date with respect to any Quarterly Collection Period, zero, and (b) for any other
Weekly Allocation Date with respect to such Quarterly Collection Period the amount, if any, by which (i) the amount allocated to the Senior Notes Post- ARD Contingent Interest Account with respect to Senior Notes Quarterly Post-ARD Contingent 

  
 -11- 

 
Interest on the immediately preceding Weekly Allocation Date with respect to such Quarterly Collection Period was less than (ii) the Senior Notes Accrued Quarterly Post-ARD Contingent Interest Amount for such immediately preceding Weekly Allocation Date. 

“Carryover Senior Notes Accrued Scheduled Principal Payments Amount” means, (a) for the first Weekly Allocation Date
with respect to any Quarterly Collection Period, zero, and (b) for any other Weekly Allocation Date with respect to such Quarterly Collection Period the amount, if any, by which (i) the amount allocated to the Senior Notes Principal
Payments Account with respect to Senior Notes Scheduled Principal Payments on the immediately preceding Weekly Allocation Date with respect to such Quarterly Collection Period was less than (ii) the Senior Notes Accrued Scheduled Principal
Payments Amount for such immediately preceding Weekly Allocation Date. 
 “Carryover Senior Subordinated Notes Accrued Quarterly
Interest Amount” means (a) for the first Weekly Allocation Date with respect to any Quarterly Collection Period, zero, and (b) for any other Weekly Allocation Date with respect to such Quarterly Collection Period the amount, if
any, by which (i) the amount allocated to the Senior Subordinated Notes Interest Account with respect to Senior Subordinated Notes Quarterly Interest on the immediately preceding Weekly Allocation Date with respect to such Quarterly Collection
Period was less than (ii) the Senior Subordinated Notes Accrued Quarterly Interest Amount for such immediately preceding Weekly Allocation Date. 

“Carryover Senior Subordinated Notes Accrued Quarterly Post-ARD Contingent Interest
Amount” means (a) for the first Weekly Allocation Date with respect to any Quarterly Collection Period, zero, and (b) for any other Weekly Allocation Date with respect to such Quarterly Collection Period the amount, if any, by
which (i) the amount allocated to the Senior Subordinated Notes Post-ARD Contingent Interest Account with respect to Senior Subordinated Notes Quarterly Post-ARD
Contingent Interest on the immediately preceding Weekly Allocation Date with respect to such Quarterly Collection Period was less than (ii) the Senior Subordinated Notes Accrued Quarterly Post-ARD
Contingent Interest Amount for such immediately preceding Weekly Allocation Date. 
 “Carryover Senior Subordinated Notes Accrued
Scheduled Principal Payments Amount” means, (a) for the first Weekly Allocation Date with respect to any Quarterly Collection Period, zero, and (b) for any other Weekly Allocation Date with respect to such Quarterly
Collection Period the amount, if any, by which (i) the amount allocated to the Senior Subordinated Notes Principal Payments Account with respect to Senior Subordinated Notes Scheduled Principal Payments on the immediately preceding Weekly
Allocation Date with respect to such Quarterly Collection Period was less than (ii) the Senior Subordinated Notes Accrued Scheduled Principal Payments Amount for such immediately preceding Weekly Allocation Date. 

“Carryover Subordinated Notes Accrued Quarterly Interest Amount” means (a) for the first Weekly Allocation Date with
respect to any Quarterly Collection Period, zero, and (b) for any other Weekly Allocation Date with respect to such Quarterly Collection Period the amount, if any, by which (i) the amount allocated to the Subordinated Notes Interest
Account with respect to Subordinated Notes Quarterly Interest on the immediately preceding Weekly Allocation Date with respect to such Quarterly Collection Period was less than (ii) the Subordinated Notes Accrued Quarterly Interest Amount for
such immediately preceding Weekly Allocation Date. 

  
 -12- 

 “Carryover Subordinated Notes Accrued Quarterly
Post-ARD Contingent Interest Amount” means (a) for the first Weekly Allocation Date with respect to any Quarterly Collection Period, zero, and (b) for any other Weekly Allocation Date
with respect to such Quarterly Collection Period the amount, if any, by which (i) the amount allocated to the Subordinated Notes Post-ARD Contingent Interest Account with respect to Subordinated Notes
Quarterly Post-ARD Contingent Interest on the immediately preceding Weekly Allocation Date with respect to such Quarterly Collection Period was less than (ii) the Subordinated Notes Accrued Quarterly Post-ARD Contingent Interest Amount for such immediately preceding Weekly Allocation Date. 

“Cash Trapping Amount” means, for any Weekly Allocation Date during a Cash Trapping Period, an amount equal to the product of
(i) the applicable Cash Trapping Percentage and (ii) the amount of funds available in the Collection Account on such Weekly Allocation Date after payment of priorities (i) through (xv) of the Priority of Payments (but
with respect to the first Weekly Allocation Date on or after a Cash Trapping Release Date, net of the Cash Trapping Release Amount released on such Cash Trapping Release Date). 

“Cash Trapping DSCR Threshold” means a Quarterly DSCR or, on and after the Springing Amendments Implementation Date, the
DSCR, equal to 1.75x. 
 “Cash Trapping Event” means, as of any Quarterly Payment Date, that either (i) the Quarterly
DSCR or, on and after the Springing Amendments Implementation Date, the DSCR, determined with respect to such Quarterly Payment Date is less than the Cash Trapping DSCR Threshold or (ii) Global Retail Sales for the 13 Fiscal Periods ended on
the last day of the immediately preceding Fiscal Period are less than $5,150,000,000. 
 “Cash Trap Optional Prepayment”
means any Optional Prepayment of Senior Notes made from proceeds on deposit in the Cash Trap Reserve Account 
 “Cash Trapping
Percentage” means, with respect to any Weekly Allocation Date during a Cash Trapping Period (i) 50%, if either (A) the Quarterly DSCR or, on and after the Springing Amendments Implementation Date, the DSCR, determined with respect to
such Quarterly Payment Date is less than the Cash Trapping DSCR Threshold but equal to or greater than 1.5x or (B) Global Retail Sales for the 13 Fiscal Periods ended on the last day of the immediately preceding Fiscal Period are less than
$5,150,000,000 but greater than or equal to $4,650,000,000 and (ii) 100%, if either (A) the Quarterly DSCR or, on and after the Springing Amendments Implementation Date, the DSCR, determined with respect to such Quarterly Payment Date is less
than 1.5x or (B) Global Retail Sales for the 13 Fiscal Periods ended on the last day of the immediately preceding Fiscal Period are less than $4,650,000,000. 

“Cash Trapping Period” means any period that begins on any Quarterly Payment Date on which a Cash Trapping Event occurs and
ends on the first Quarterly Payment Date subsequent to the occurrence of such Cash Trapping Event on which both (i) the Quarterly DSCR or, on and after the Springing Amendments Implementation Date, the DSCR, determined with respect to

  
 -13- 

 
such Quarterly Payment Date is equal to or exceeds the Cash Trapping DSCR Threshold and (ii) Global Retail Sales for the 13 Fiscal Periods ended on the last day of the immediately preceding
Fiscal Period are equal to or exceed $5,150,000,000. 
 “Cash Trapping Release Amount” means, with respect to any Quarterly
Payment Date (i) on which a Cash Trapping Period is no longer continuing, the full amount on deposit in the Cash Trap Reserve Account and (ii) on which the Cash Trapping Percentage is equal to 50% and on the prior Quarterly Payment Date,
the applicable Cash Trapping Percentage was equal to 100%, 50% of the aggregate amount deposited to the Cash Trap Reserve Account during the most recent period in which the applicable Cash Trapping Percentage was equal to 100%, reduced ratably for
any withdrawals made from the Cash Trap Reserve Account during such period for any other purpose. 
 “Cash Trapping Release
Date” means any Quarterly Payment Date on which amounts are released from the Cash Trap Reserve Account pursuant to Section 5.12(p) of the Base Indenture. 

“Cash Trap Reserve Account” means the reserve account established and maintained by the Master Issuer, in the name of the
Trustee, for the benefit of the Secured Parties, for the purpose of trapping cash upon the occurrence of a Cash Trapping Event. 

“Cayman Islands Royalties Concentration Account” means the account maintained in the name of the Master Issuer or the
International Franchisor and pledged to the Trustee to which the Manager causes Collections in the currency of Venezuela to be transferred from the Venezuelan Royalties Concentration Account for further transfer to the International Royalties
Concentration Account as permitted by applicable law or any successor account established for the Master Issuer or the International Franchisor by the Manager for such purpose pursuant to the Base Indenture and the Management Agreement, including
any investment accounts related thereto into which funds are transferred for investment purposes pursuant to Section 5.1(b) of the Base Indenture. 

“CCR Acceptance Letter” has the meaning set forth in Section 11.1(e) of the Base Indenture. 

“CCR Ballot” has the meaning set forth in Section 11.1(c) of the Base Indenture. 

“CCR Candidate” means any nominee submitted to the Trustee on a CCR Nomination pursuant to
Section 11.1(b) of the Base Indenture. 
 “CCR Election Period” has the meaning set forth in
Section 11.1(c) of the Base Indenture. 
 “CCR Election Notice” has the meaning set forth in
Section 11.1(b) of the Base Indenture. 
 “CCR Nomination” has the meaning set forth in
Section 11.1(b) of the Base Indenture. 
 “CCR Nomination Period” has the meaning set forth in
Section 11.1(b) of the Base Indenture. 

  
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 “CCR Re-election Event” means any
of the following events: (i) an additional Series of Notes of the Controlling Class is issued, (ii) the Controlling Class changes, (iii) the Trustee receives written notice of the resignation or removal of any acting
Controlling Class Representative, (iv) the Trustee receives a demand for an election for a Controlling Class Representative from a Majority of Controlling Class Members, which election will be at the expense of such Controlling
Class Members (including Trustee expenses), (v) the Trustee receives written notice that an Event of Bankruptcy has occurred with respect to the acting Controlling Class Representative or (vi) there is no Controlling
Class Representative and the Control Party requests an election be held (provided that the Control Party may make only two such requests per calendar year). 

“CCR Voting Record Date” has the meaning set forth in Section 11.1(c) of the Base Indenture. 

“Charter Documents” means any of the Co-Issuers Charter Documents, the Franchisors
Charter Documents, the Canadian Manufacturer Charter Documents, the Distributors Charter Documents, the DNAF Charter Documents, the Domestic Distribution Equipment Holder Charter Documents, the Domestic Distribution Real Estate Holder Charter
Documents, the Domino’s International Charter Documents, the DPI Charter Documents, the DPL Charter Documents, the Holdco Charter Documents, the Intermediate Holdco Charter Documents, the Overseas Franchisor Charter Documents, the Overseas IP
Holder Charter Documents, the PMC LLC Charter Documents, the SPV Guarantor Charter Documents, the Canadian Distributor Charter Documents and any Additional Securitization Entity Charter Documents. 

“Class” means, with respect to any Series of Notes, any one of the classes of Notes of such Series as specified in the
applicable Series Supplement. 
 “Class A-1 Administrative
Agent” means, with respect to any Class A-1 Senior Notes, the Person identified as the “Class A-1 Administrative Agent” in the applicable
Series Supplement. 
 “Class A-1 Noteholder” means any Holder of
Class A-1 Senior Notes of any Series. 
 “Class A-1 Senior Notes” means any Notes alphanumerically designated as “Class A-1” pursuant to the Series Supplement applicable to such Class of
Notes. 
 “Class A-1 Senior Notes Accrued Quarterly Commitment Fee
Amount” means, for each Weekly Allocation Date with respect to a Quarterly Collection Period, an amount equal to the lesser of (a) the sum of (i) the product of (1) the Fiscal Quarter Percentage for such Quarterly Collection
Period and (2) the Class A-1 Senior Notes Aggregate Quarterly Commitment Fees for the Interest Period ending in the next succeeding Quarterly Collection Period (except with respect to the first
Interest Period after the Closing Date, in which case such amount will be 0% of the Class A-1 Senior Notes Quarterly Commitment Fees for such Interest Period), (ii) the Carryover Class A-1 Senior Notes Accrued Quarterly Commitment Fee Amount for such Weekly Allocation Date and (iii) if such Weekly Allocation Date occurs on or after a Quarterly Payment Date on which amounts are
withdrawn from the Class A-1 Senior Notes Commitment Fees Account pursuant to Section 5.12(d) of the Base Indenture to cover any
Class A-1 Senior 

  
 -15- 

 
Notes Commitment Fee Adjustment Amount, the amount so withdrawn (without duplication for amounts previously allocated pursuant to this clause (iii)) and (b) the amount, if any, by
which (i) Class A-1 Senior Notes Aggregate Quarterly Commitment Fees for the Interest Period ending in the next succeeding Quarterly Collection Period exceeds (ii) the aggregate amount
previously allocated to the Class A-1 Senior Notes Commitment Fees Account on each preceding Weekly Allocation Date with respect to the Quarterly Collection Period. 

“Class A-1 Senior Notes Administrative Expenses” means all amounts
due and payable pursuant to any Variable Funding Note Purchase Agreement that are identified as “Class A-1 Senior Notes Administrative Expenses” in each applicable Series Supplement. 

“Class A-1 Senior Notes Aggregate Quarterly Commitment Fees”
means, for any Interest Period, with respect to all Class A-1 Senior Notes Outstanding, the aggregate amount of Class A-1 Senior Notes Quarterly Commitment
Fees due and payable on all such Class A-1 Senior Notes with respect to such Interest Period. 

“Class A-1 Senior Notes Amortization Event” means any event
designated as a “Class A-1 Senior Notes Amortization Event” in any Series Supplement. 

“Class A-1 Senior Notes Amortization Period” means, with respect
to any Class A-1 Senior Notes, the period identified as the “Class A-1 Senior Notes Amortization Period” in the applicable Series Supplement. 

“Class A-1 Senior Notes Commitment Fee Adjustment Amount” means,
for any Class of Class A-1 Senior Notes for any Interest Period, the aggregate amount, if any, for such Interest Period that is identified as the “Commitment Fee Adjustment Amount” in the
applicable Series Supplement. 
 “Class A-1 Senior Notes Commitment Fees
Account” has the meaning set forth in Section 5.6 of the Base Indenture. 
 “Class A-1 Senior Notes Commitment Fees Shortfall Amount” has the meaning set forth in Section 5.12(e) of the Base Indenture. 

“Class A-1 Senior Notes Interest Adjustment Amount” means, for any
Class of Class A-1 Senior Notes for any Interest Period, the aggregate amount, if any, for such Interest Period that is identified as a “Class A-1
Senior Notes Interest Adjustment Amount” in the applicable Series Supplement. 
 “Class A-1 Senior Notes Maximum Principal Amount” means, with respect to all Series of Class A-1 Senior Notes Outstanding as of any date of determination, the
aggregate Commitment Amounts as of such date of determination. 

“Class A-1 Senior Notes Other Amounts” means all amounts due and
payable pursuant to any Variable Funding Note Purchase Agreement that are identified as “Class A-1 Senior Notes Other Amounts” in the applicable Series Supplement. 

  
 -16- 

 “Class A-1 Senior Notes
Quarterly Commitment Fees” means, for any Interest Period, with respect to any Class A-1 Senior Notes Outstanding, the aggregate amount of commitment fees due and payable, with respect to such
Interest Period, on such Class A-1 Senior Notes that is identified as “Class A-1 Senior Notes Quarterly Commitment Fees” in the applicable Series
Supplement; provided that if, on any Weekly Allocation Date or other date of determination, the actual amount of any such commitment fees cannot be ascertained, an estimate of such commitment fees shall be used to calculate the Class A-1 Senior Notes Quarterly Commitment Fees for such Weekly Allocation Date or other date of determination in accordance with the terms and provisions of the applicable Series Supplement; provided
further that any amount identified as “Class A-1 Senior Notes Administrative Expenses” or “Class A-1 Senior Notes Other Amounts” in any
Series Supplement shall under no circumstances be deemed to constitute “Class A-1 Senior Notes Quarterly Commitment Fees.” 

“Class A-1 Senior Notes Renewal Date” means, with respect to any Class A-1 Senior Notes, the date identified as the “Class A-1 Senior Notes Renewal Date” in the applicable Series Supplement. 

“Class A-1 Senior Notes Voting Amount” means, with respect to any
Series of Class A-1 Senior Notes, the greater of (1) the Class A-1 Senior Notes Maximum Principal Amount for such Series (after giving effect to any
cancelled commitments) and (2) the Outstanding Principal Amount of Class A-1 Senior Notes for such Series. 

“Class A-1 Subfacility” means any commitment to extend credit by a
lender to a Class A-1 Subfacility that is identified as a “Class A-1 Subfacility” in the applicable Series Supplement, together with all extensions
of credit under such commitment. 
 “Clearing Agency” means an organization registered as a “clearing agency”
pursuant to Section 17A of the Exchange Act or any successor provision thereto or Euroclear or Clearstream. 
 “Clearing Agency
Participant” means a broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency. 

“Clearstream” means Clearstream Banking, societe anonyme. 

“Closing Date” means March 15, 2012. 

“Closing Date Contributed Assets” means all assets contributed under the Distribution and Contribution Agreements. 

“Code” means the Internal Revenue Code of 1986, as amended, reformed or otherwise modified from time to time, and any
successor statute of similar import, in each case as in effect from time to time. References to sections of the Code also refer to any successor sections. 

“Co-Issuers” means, collectively, the Master Issuer, the Domestic Distributor, the
SPV Canadian Holdco, the IP Holder and any Additional Co-Issuer. 

  
 -17- 

 “Co-Issuers Charter Documents”
means, collectively, the Master Issuer Charter Documents, the Domestic Distributor Charter Documents, the SPV Canadian Holdco Charter Documents, the IP Holder Charter Documents and any Additional Co-Issuer
Charter Documents. 
 “Co-Issuers Insurance Proceeds” means any amounts received
upon settlement of a claim filed under any insurance policy maintained by or on behalf of the Securitization Entities in accordance with Section 8.29 of the Base Indenture. 

“Co-Issuers Operating Agreements” means, collectively, the Master Issuer Operating
Agreement, the Domestic Distributor Operating Agreement, the SPV Canadian Holdco Certificate of Incorporation, the IP Holder Operating Agreement and any Additional Co-Issuer Operating Agreement. 

“Collateral” means, collectively, the Indenture Collateral, the “Collateral” as defined in the Global G&C
Agreement and any property subject to any other Indenture Document that grants a Lien to secure any Obligations. 
 “Collateral
Documents” means, collectively, the Collateral Franchise Documents and the Collateral Transaction Documents. 
 “Collateral
Franchise Documents” means, collectively, the Domestic Franchise Arrangements, the International Franchise Arrangements, the Company-Owned Stores Master License Agreement, the Third-Party License Agreements and the Distribution Agreements
(other than the Product Purchase and Distribution Agreement, the PFS Product Purchase and Distribution Sub-Management Agreement and the Canadian Manufacturer Product Purchase Agreement). 

“Collateral Protection Advance” means any advance for (a) payment of taxes, rent, assessments, insurance premiums and
other costs and expenses necessary to protect, preserve or restore the Collateral and (b) at any time (i) prior to the Springing Amendments Implementation Date, payment of any expenses of any Securitization Entity, including Distributor
Costs of Goods Sold and Distribution Center Expenses, and (ii) on and after the Springing Amendments Implementation Date, payments of any Securitization Operating Expenses (excluding (i) any indemnification obligations, (ii) business
and/or asset-related operating expenses, (iii) fees and expenses of external legal counsel that are not directly related to the maintenance or preservation of the Collateral and (iv) damages, costs, or expenses relating to fraud, bad
faith, willful misconduct, violations of law, bodily injury, property damage or misappropriation of funds), in each case to the extent not previously paid pursuant to a Manager Advance, in each case made by the Servicer pursuant to the Servicing
Agreement in accordance with the Servicing Standard, or by the Trustee pursuant to the Indenture. 
 “Collateral Transaction
Documents” means the Contribution and Sale Agreements, the Distribution and Contribution Agreements, the Product Purchase and Distribution Agreement, the PFS Product Purchase and Distribution
Sub-Management Agreement, the Canadian Manufacturer Product Purchase Agreement, the Charter Documents of each Securitization Entity, the IP License Agreements, each Assignment, the Servicing Agreement, the
Account Control Agreements, the Management Agreement and the Back-Up Management Agreement. 

  
 -18- 

 “Collection Account” means account no. 106498 entitled “Citibank,
N.A., as Trustee for the benefit of the Secured Parties, Securities Account of Domino’s Pizza Master Issuer LLC” maintained by the Trustee pursuant to Section 5.5 of the Base Indenture or any successor securities
account maintained pursuant to Section 5.5 of the Base Indenture. 
 “Collection Account Administrative
Account Surplus” means, with respect to any Collection Account Administrative Account on any date of determination, the amount, if positive, by which (x) the amount then on deposit in such account is greater than (y) the amount
that would have been required to be on deposit in such account on the most recently occurring Weekly Allocation Date after application of the Priority of Payments, assuming that sufficient Retained Collections were available on such Weekly
Allocation Date to make all payments required pursuant to priorities (i) through (xxxvii) of the Priority of Payments. 

“Collection Account Administrative Accounts” has the meaning set forth in Section 5.6 of the Base
Indenture. 
 “Collection Date” means the date upon which the Indenture is satisfied and discharged in accordance with its
terms. 
 “Collections” means (a) all Franchisee Payments, (b) all Company-Owned Stores License Fees,
(c) all Third-Party License Fees, (d) all Product Purchase Payments, (e) all Co-Issuers Insurance Proceeds, (f) any Asset Disposition Proceeds that are required to be deposited into any Concentration Account or the Collection
Account, (g) all Other Collections, (h) all Excluded Amounts, (i) any Retained Collections Contributions, (j) any Indemnification Payments and (k) any other amounts, including Investment Income, received by any
Securitization Entity and deposited into any Concentration Account or the Collection Account. 
 “Commitment” has the
meaning set forth in the applicable Series Supplement. 
 “Commitment Amount” has the meaning set forth in the applicable
Series Supplement. 
 “Company Order” and “Company Request” mean a written order or request signed in the
name of each of the Co-Issuers by any Authorized Officer of each such Co-Issuer and delivered to the Trustee, the Control Party or the Paying Agent. 

“Company-Owned Store” means any Store owned and operated by DPL or any of its Affiliates (other than any Securitization
Entity) pursuant to the Company-Owned Stores Master License Agreement. 
 “Company-Owned Stores Advertising Fees” means any
fees payable by DPL, as the owner of Company-Owned Stores, pursuant to the Company-Owned Stores Master License Agreement, to be used by DNAF for advertising and marketing activities in accordance with the terms of the Company-Owned Stores Master
License Agreement. 
 “Company-Owned Stores Master License Agreement” means the Company- Owned Stores Master License
Agreement, dated as of April 16, 2007, by and between the IP Holder and DPL, as amended, supplemented or otherwise modified from time to time. 

  
 -19- 

 “Company-Owned Stores License Fees” means all license fees payable by the
owner of a Company-Owned Store pursuant to the Company-Owned Stores Master License Agreement. 
 “Company-Owned Stores Requirements
Agreement” means the Requirements and Profit Sharing Agreement, dated as of April 16, 2007, by and between the Domestic Distributor and DPL, as amended, supplemented or otherwise modified from time to time. 

“Competitor” means any Person that is a direct or indirect franchisor, franchisee, owner or operator of a large regional or
national quick-service restaurant concept (including a Franchisee); provided, however, that (a) a Person will not be a “Competitor” solely by virtue of its direct or indirect ownership of less than 5.0% of the Equity Interests in a
“Competitor” and (b) a franchisee will only be a “Competitor” if it, or its Affiliates, directly or indirectly, owns, franchises or licenses, in the aggregate, ten or more individual locations of a particular concept; and
provided, further, that a Person will not be a “Competitor” solely by virtue of its direct or indirect ownership of between 5.0% and 15% of the Equity Interests in a “Competitor” so long as (i) such Person has policies and
procedures that prohibit such Person from disclosing or making available any confidential information that such Person may receive as a noteholder or prospective investor in the Notes, to individuals involved in the business of buying, selling,
holding or analyzing the Equity Interests of a “Competitor” or in the business of being a franchisor, franchisee, owner or operator of a large regional or national quick service restaurant concept and (ii) such Person is a passive
investor in a “Competitor” as described in Rule 13d-1(b)(1) of the Exchange Act (or would be described as a passive investor under such rule if the “Competitor” were a publicly-traded
company and the securities held were publicly-traded equity securities) and is not a franchisor, franchisee, owner (other than in its capacity as a passive investor as described in Rule 13d-1(b)(1) of the
Exchange Act) or operator of a large regional or national quick service restaurant concept (including a Franchisee). 

“Concentration Accounts” means, collectively, the Domestic Distribution Concentration Account, the Canadian Distribution
Concentration Account, the Canadian Distribution U.S. Dollar Concentration Account, the Domestic Royalties Concentration Account, the International Royalties Concentration Account, the Real Estate Holder Concentration Account, the Equipment
Holder Concentration Account, the Lease Concentration Account, the Venezuelan Royalties Concentration Account, the Cayman Islands Royalties Concentration Account, the Domestic Franchising Concentration Account, the IP Holder Concentration Account,
the PULSE and Technology Fees Concentration Account and any Additional Concentration Account. 
 “Concentration Accounts Control
Agreements” means collectively the Domestic Distribution Concentration Account Control Agreement, the Canadian Distribution Concentration Account Control Agreement, the Canadian Distribution U.S. Dollar Concentration Account Control
Agreement, the Domestic Royalties Concentration Account Control Agreement, the International Royalties Concentration Account Control Agreement, the Domestic Franchising Concentration Account Control Agreement, the Equipment Holder Concentration
Account Control Agreement, the Real Estate Holder Concentration Account Control Agreement, the Lease Concentration Account Control Agreement, the IP Holder Concentration Account Control Agreement, the PULSE and Technology Fees Concentration Account
Control Agreement and any Additional Concentration Account Control Agreement. 

  
 -20- 

 “Consent Recommendation” means the action recommended by the Servicer to
the Controlling Class Representative in writing with respect to any Consent Request that requires the consent of the Controlling Class Representative. 

“Consent Request” means any request for a waiver, amendment, consent or certain other action under the Related Documents.

 “Consolidated Adjusted EBITDA” is Consolidated EBITDA further adjusted to eliminate provisions for non-cash compensation expense, (gains) losses on disposal of assets, (gains) losses on debt retirement and other adjustments (including expenses incurred in connection with the issuance of any Series of Notes,
certain legal reserves, separation and related expenses, expenses related to the sale of company-owned operations and expenses related to stock option plan changes). 

“Consolidated EBITDA” means, with respect to any Person for any period, the Consolidated Net Income of such Person and its
Subsidiaries for such period (a) plus, without duplication, the following to the extent deducted in calculating such Consolidated Net Income: (i) Consolidated Net Interest Expense for such period; (ii) federal, state, local and
foreign income taxes payable for such period; (iii) non-cash losses from the sale of fixed assets not in the ordinary course of business and other non-cash
extraordinary or non-cash nonrecurring items; (iv) non-cash stock based compensation expense for such period; (v) impairment losses on assets incurred during
such period; (vi) depreciation and amortization expense for such period; and (vii) other extraordinary or nonrecurring items, and (b) minus, without duplication, to the extent added in calculating such Consolidated Net Income, gains
from the sale of fixed assets not in the ordinary course of business and other extraordinary or nonrecurring items; provided, however, that items that would have been accounted for as operating leases under GAAP as in effect on the Closing
Date will continue to be treated as operating leases for purposes of this definition irrespective of any change in GAAP subsequent to the Closing Date. 

“Consolidated Net Income” means, with respect to any Person for any period, the net income of such Person and its
Subsidiaries (whether positive or negative), determined in accordance with GAAP, for that period. 
 “Consolidated Net Interest
Expense” means, with respect to any Person for any period, total interest expense, whether paid or accrued (including the interest component of Capitalized Lease Obligations), of such Person and its Subsidiaries, including, without
limitation, all commissions, discounts and other fees and charges owed with respect to letters of credit and net costs under interest rate contracts and foreign exchange contracts, amortization of discount and that portion of interest obligations
with respect to any lease of any property (whether real, personal or mixed) that is properly classified as a liability on a balance sheet in conformity with GAAP, including all Capitalized Lease Obligations incurred by such Person, but excluding
interest expense not payable in cash (including interest accruing on deferred compensation obligations) other than amortization of discount, all as determined in conformity with GAAP. 

“Contingent Obligation” means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of that
Person (a) with respect to any indebtedness, lease, declared but unpaid dividends, letter of credit or other obligation of another if the primary purpose or intent 

  
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thereof by the Person incurring the Contingent Obligation is to provide assurance to the obligee of such obligation of another that such obligation of another will be paid or discharged, or that
any agreements relating thereto will be complied with, or that the holders of such obligation will be protected (in whole or in part) against loss in respect thereof or (b) under any letter of credit issued for the account of that Person or for
which that Person is otherwise liable for reimbursement thereof. Contingent Obligation will include (x) the direct or indirect guarantee, endorsement (otherwise than for collection or deposit in the ordinary course of business), co-making,
discounting with recourse or sale with recourse by such Person of the obligation of another and (y) any liability of such Person for the obligations of another through any agreement (contingent or otherwise) (i) to purchase, repurchase or
otherwise acquire such obligation- or any security therefor, or to provide funds for the payment or discharge of such obligation (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), (ii) to maintain the
solvency of any balance sheet item, level of income or financial condition of another or (iii) to make take-or-pay or similar payments if required regardless of non-performance by any other party or parties to an agreement, if in the case of any agreement described under subclause (i) or (ii) of this clause (y) the primary purpose or intent thereof
is as described in the preceding sentence. The amount of any Contingent Obligation will be equal to the amount of the obligation so guaranteed or otherwise supported. 

“Continuing Franchise Fees” means all royalty fees, transfer fees, renewal fees, license fees and any similar fees, late
fees, interest on late fees, damages for breach, indemnities and insurance recoveries, due and to become due under or in connection with a Domestic Franchise Arrangement or an International Franchise Arrangement. 

“Contractual Obligation” means, with respect to any Person, any provision of any security issued by that Person or of any
indenture, mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its properties is subject. 

“Contributed Third-Party Supply Agreements” means each Pre-Securitization Third-Party
Supply Agreement contributed on the Series 2007-1 Closing Date by Domino’s International to the SPV Guarantor listed on Schedule 4.1(i)(x)(1) to the Domino’s International Contribution Agreement;
provided that, for purposes of any of the Contribution and Sale Agreements, “Contributed Third-Party Supply Agreements” shall have the meaning set forth on Schedule I attached hereto. 

“Contribution and Sale Agreements” means, collectively, the Pre-Securitization
Contribution and Sale Agreements, the Domino’s International Contribution and Sale Agreement, the SPV Guarantor Contribution Agreement and the Domestic Distribution Assets Contribution Agreement. 

“Controlled Group” means, with respect to any Person, such Person, whether or not incorporated, and any corporation, trade,
business, organization or other entity that is, along with such Person, treated as a single employer under Sections 414(b), (c), (m) or (o) of the Code or Section 4001(a)(14) of ERISA. 

  
 -22- 

 “Control Party” means, at any time, the Servicer, who will direct the
Trustee to act or will act on behalf of the Trustee in connection with Consent Requests. 
 “Controlling Class” means the
most senior Class of Notes then outstanding among all Series; provided that, as of the Closing Date, the “Controlling Class” will be the Senior Notes. 

“Controlling Class Member” means, with respect to a Book-Entry Note of the Controlling Class, a Note Owner
of such Note, and with respect to a Definitive Note of the Controlling Class, a Noteholder of such Definitive Note (excluding, in each case, any Co-Issuer or Affiliate thereof). 

“Controlling Class Representative” means, at any time during which one or more Series of Notes is
outstanding, the representative, if any, that has been elected pursuant to Section 11.1 of the Base Indenture by the Majority of Controlling Class Members; provided that, if no Controlling Class Representative has
been elected or if the Controlling Class Representative does not respond to a Consent Request within the time period specified in Section 11.4 of the Base Indenture, the Control Party will be entitled to exercise the rights
of the Controlling Class Representative with respect to such Consent Request other than with respect to Servicer Termination Events. 

“Copyrights” means all United States and non-U.S. copyrights, copyrightable works and
mask works and industrial designs and design registrations, whether registered or unregistered, and pending applications to register the same. 

“Corporate Trust Office” means (i) for note transfer purposes and for purposes of presentment and surrender of the Notes
for the final distributions thereon, 111 Wall Street, 15th Floor, New York, New York 10005, Attention: Window and (ii) for all other purposes, 388 Greenwich Street, 14th Floor, New York, New York 10013, Attention: Global Transaction Services — Domino’s Pizza or at such other addresses as the Trustee may designate from time to time by notice to the
Noteholders and the Co-Issuers. 
 “CP Rate” has the meaning specified in the
applicable Series Supplement. 
 “CTOP Payment Priority” means, with respect to Cash Trap Optional Prepayments, the
application or allocation of funds in the Cash Trap Reserve Account, based solely on the information provided to the Trustee by the Master Issuer, in the following order of priority: (a) if a
Class A-1 Senior Notes Amortization Event has occurred and is continuing, to make an allocation to the Senior Notes Principal Payments Account, in the amount necessary to prepay and permanently reduce the
Commitments under all Class A-1 Senior Notes affected by such Class A-1 Senior Notes Amortization Event on a pro rata basis based on Commitment Amounts; then
(b) to make an allocation to the Senior Notes Principal Payments Account, in the amount necessary to prepay all Senior Notes of all Series other than Class A-1 Senior Notes on a pro rata basis based
on principal outstanding; then (c) provided clause (a) does not apply, to make an allocation to the Senior Notes Principal Payments Account, in the amount necessary to prepay and permanently reduce the Commitments under all Class A-1 Senior Notes of all Series on a pro rata basis based on their respective Commitment Amounts; and then (d), to make an allocation to the Senior Subordinated Notes Principal Payments Account, in the
amount necessary to prepay all other Classes of Notes sequentially in alphabetical order on a pro rata basis based on principal outstanding across the Classes of all Series with the same alphabetical designation. 

  
 -23- 

 “Debt Service” means, (i) prior to the Springing Amendments
Implementation Date, with respect to any Quarterly Payment Date, the sum of (a) the aggregate amount of commitment fees and letter of credit fees with respect to any Class A-1 Senior Notes and
accrued interest on each Series of Senior Notes and Senior Subordinated Notes Outstanding due and payable on such Quarterly Payment Date (other than any interest or fees included in the definitions of “Senior Notes Quarterly Post-ARD Contingent Interest,” “Senior Subordinated Notes Quarterly Post-ARD Contingent Interest,” “Class A-1
Senior Notes Administrative Expenses” or “Class A-1 Senior Notes Other Amounts”) plus (b) with respect to any Class of Senior Notes and Senior Subordinated Notes
Outstanding, the aggregate amount of Scheduled Principal Payments that would be due and payable on such Quarterly Payment Date after giving effect to any optional prepayment of principal of such Notes or any repurchase and cancellation of such
Notes, but without giving effect to any reductions available due to satisfaction of the Series Non-Amortization Test or any amounts payable in respect of any Senior Notes Scheduled Principal Catch-Up Amounts or Senior Subordinated Notes Scheduled Principal Catch-Up Amounts on such Quarterly Payment Date; provided, that solely in calculating the Quarterly
DSCR, to determine whether a Manager Termination Event or an Event of Default has occurred, clause (b) will not apply; and (ii) on and after the Springing Amendments Implementation Date, with respect to any Quarterly Collection Period, the
sum of (a) the aggregate amount of commitment fees and letter of credit fees with respect to any Class A-1 Senior Notes and accrued interest on each Series of Senior Notes and Senior Subordinated
Notes Outstanding due and payable on the immediately following Quarterly Payment Date (other than any interest or fees included in the definitions of “Senior Notes Quarterly Post-ARD Contingent
Interest,” “Senior Subordinated Notes Quarterly Post-ARD Contingent Interest,” “Class A-1 Senior Notes Administrative Expenses” or “Class A-1 Senior Notes Other Amounts”) plus (b) with respect to any Class of Senior Notes and Senior Subordinated Notes Outstanding, the aggregate amount of Scheduled Principal Payments
that would be due and payable on such Quarterly Payment Date after giving effect to (A) payments of Indemnification Amounts, Asset Disposition Proceeds or Insurance/Condemnation Proceeds, (B) any optional prepayment of principal of such
Notes or (C) any repurchase and cancellation of such Notes, but without giving effect to any reductions available due to satisfaction of the Series Non-Amortization Test or any amounts payable in respect
of any Senior Notes Scheduled Principal Catch-Up Amounts or Senior Subordinated Notes Scheduled Principal Catch-Up Amounts on such Quarterly Payment Date; provided, that
solely in calculating the DSCR to determine whether a Manager Termination Event or an Event of Default has occurred, clause (b) will not apply. 

“Debt Service Advance” means an advance made by the Servicer or the Trustee, as applicable, in respect of the Senior Notes Interest
Shortfall Amount on any Quarterly Payment Date. 
 “Default” means any occurrence that is, or with notice or the lapse of
time or both would become, an Event of Default. 
 “Default Rate” has the meaning set forth in the applicable Series
Supplement. 

  
 -24- 

 “Defeased Series” has the meaning set forth in
Section 12.1(c) of the Base Indenture. 
 “Definitive Notes” has the meaning set forth in
Section 2.12(a) of the Base Indenture. 
 “Depository” has the meaning set forth in
Section 2.12(a) of the Base Indenture. 
 “Depository Agreement” means, with respect to a Series
or Class of a Series of Notes having Book-Entry Notes, the agreement among the Co-Issuers, the Trustee and the Clearing Agency governing the deposit of such Notes with the Clearing Agency, or as otherwise
provided in the applicable Series Supplement. 
 “Distribution Agreements” means, collectively, all Product Purchase
Agreements, all Third-Party Supply Agreements and all Requirements Agreements (together with any Franchisee Promissory Notes issued in respect of the purchase or sale of Products). 

“Distribution and Contribution Agreements” means the Overseas Distribution and Contribution Agreements and the Domestic
Manufacturing and Distribution Centers Distribution and Contribution Agreements. 
 “Distribution Assets” means any asset
used by any Distributor in connection with its distribution business, including, without limitation, the real estate owned by the Domestic Distribution Real Estate Holder, the equipment owned or leased by the Domestic Distribution Equipment Holder,
real estate leased pursuant to the leases with respect to the Leased Domestic Manufacturing and Distribution Centers and the Distribution Agreements. 

“Distribution Center Expenses” means real estate taxes, lease payments or other expenses with respect to Distribution Assets
owned or leased by the Master Issuer or any other Securitization Entity. 
 “Distribution Concentration Accounts” means,
collectively, the Domestic Distribution Concentration Account, the Canadian Distribution Concentration Account, the Canadian Distribution U.S. Dollar Concentration Account and any Additional Distribution Concentration Account. 

“Distribution Operating Expenses” means all operating expenses related to the Distribution Services for which the Manager or
the Canadian Manufacturer is entitled to be reimbursed or paid in accordance with the Management Agreement and that have not been previously reimbursed or paid. 

“Distribution Services” has the meaning set forth in the Management Agreement. 

“Distributor Costs of Goods Sold” means, with respect to any Weekly Collection Period, any costs of goods sold actually paid
by any Distributor during such Weekly Collection Period. 
 “Distributor Franchisee Rebates” means, with respect to any
Weekly Collection Period, any rebates actually paid by any Distributor to a Domestic Franchisee, an International Franchisee or DPL, as the owner of Company-Owned Stores, pursuant to a Requirements Agreement or the Company-Owned Stores Requirements
Agreement, as the case may be, during such Weekly Collection Period. 

  
 -25- 

 “Distributors” means, collectively, the Domestic Distributor, the Canadian
Distributor and any Additional Distributor. 
 “Distributors Charter Documents” means, collectively, the Domestic
Distributor Charter Documents, the Canadian Distributor Charter Documents and any Additional Distributor Charter Documents. 

“Distributors Operating Agreements” means, collectively, the Domestic Distributor Operating Agreement, the Canadian
Distributor Articles of Association and any Additional Distributor Operating Agreements. 
 “Distributor Profit” means,
with respect to any Monthly Distributor Profit Period, all Consolidated EBITDA of any Distributor for such Monthly Distributor Profit Period minus, in the case of the Canadian Distributor, any Canadian Taxes incurred during such Monthly
Distributor Profit Period. 
 “DNAF” means Domino’s National Advertising Fund Inc., a Michigan not-for-profit corporation, and its successors and assigns. 

“DNAF Account” means account no. 328583 entitled “Marketing Concentration Account” maintained at JPMorgan Chase in
the name of DNAF for the benefit of the Domestic Franchisees and DPL, as the owner of Company-Owned Stores, into which the Manager causes Advertising Fees and Company-Owned Stores Advertising Fees to be deposited or any successor account established
by the Manager at a Qualified Institution for such purpose pursuant to the Management Agreement. 
 “DNAF By-Laws” means the by-laws of DNAF, as amended, supplemented or otherwise modified from time to time. 

“DNAF Certificate of Incorporation” means the articles of incorporation of DNAF, filed with the Secretary of State of
Michigan on December 21, 2001, as amended, supplemented or otherwise modified from time to time. 
 “DNAF Charter
Documents” means the DNAF Certificate of Incorporation and the DNAF By-Laws. 

“DNAF IP License Agreement” means the DNAF IP License Agreement, dated as of April 16, 2007, by and among DNAF and PMC
Inc. and subsequently assumed from PMC LLC by the IP Holder pursuant to the IP Assets Contribution Agreement, as amended, supplemented or otherwise modified from time to time. 

“DNAF Servicer Termination Event” will have the meaning set forth in the DNAF Servicing Agreement. 

  
 -26- 

 “DNAF Servicing Agreement” means the DNAF Servicing Agreement, dated as of
April 16, 2007, by and between DPL and DNAF, as amended, supplemented or otherwise modified from time to time. 

“Dollar” and the symbol “$” mean the lawful currency of the United States. 

“Domestic Distribution Agreements” means, collectively, all Product Purchase Agreements, all Third-Party Supply Agreements
and all Requirements Agreements (together with any Franchisee Promissory Notes issued in respect of the purchase or sale of the Products) used in connection with the Domestic Manufacturing and Distribution Centers and Domino’s domestic supply
chain segment. 
 “Domestic Distribution Asset” means a Distribution Asset used in connection with the Domestic
Manufacturing and Distribution Centers and domestic supply chain segment. 
 “Domestic Distribution Assets Contribution
Agreement” means the Domestic Distribution Assets Contribution Agreement, dated as of April 16, 2007, by and between the Master Issuer and the Domestic Distributor, as amended, supplemented or otherwise modified from time to time. 

“Domestic Distribution Concentration Account” means the account maintained in the name of the Master Issuer or the Domestic
Distributor and pledged to the Trustee into which the Manager causes Product Purchase Payments and other Collections due to any Distributor to be deposited or any successor account established for the Master Issuer or the Domestic Distributor by the
Manager for such purpose pursuant to the Base Indenture and the Management Agreement, including any investment accounts related thereto into which funds are transferred for investment purposes pursuant to Section 5.1(b) of
the Base Indenture. 
 “Domestic Distribution Concentration Account Control Agreement” means the Account Control Agreement
governing the Domestic Distribution Concentration Account entered into by and among the Master Issuer and/or the Domestic Distributor, the Manager, the Trustee and the bank or other financial institution then holding the Domestic Distribution
Concentration Account (which Account Control Agreement shall be reasonably acceptable to the Trustee, it being understood that the Domestic Distribution Concentration Account Control Agreement in effect on the Closing Date is so acceptable to the
Trustee). 
 “Domestic Distribution Contribution Agreements” means the PFS Contribution Agreement, the DPL Domestic
Distribution and Overseas IP Holder Contribution Agreement and the Domino’s International Domestic Distribution and Overseas IP Holder Contribution Agreement. 

“Domestic Distribution Equipment Holder” means Domino’s EQ LLC, a Delaware limited liability company, and its successors
and assigns. 
 “Domestic Distribution Equipment Holder Certificate of Formation” means the certificate of formation of the
Domestic Distribution Equipment Holder, dated as of August 3, 2011, as amended, supplemented or otherwise modified from time to time. 

  
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 “Domestic Distribution Equipment Holder Charter Documents” means the
Domestic Distribution Equipment Holder Certificate of Formation and the Domestic Distribution Equipment Holder Operating Agreement. 

“Domestic Distribution Equipment Holder Operating Agreement” means the Limited Liability Company Agreement of the Domestic
Distribution Equipment Holder, dated as of August 9, 2011, as further amended, supplemented or otherwise modified from time to time. 

“Domestic Distribution Real Estate Holder” means Domino’s RE LLC, a Delaware limited liability company, and its
successors and assigns. 
 “Domestic Distribution Real Estate Holder Certificate of Formation” means the certificate of
formation of the Domestic Distribution Real Estate Holder, dated as of August 3, 2011, as amended, supplemented or otherwise modified from time to time. 

“Domestic Distribution Real Estate Holder Charter Documents” means the Domestic Distribution Real Estate Holder Certificate
of Formation and the Domestic Distribution Real Estate Holder Operating Agreement. 
 “Domestic Distribution Real Estate Holder
Operating Agreement” means the Limited Liability Company Agreement of the Domestic Distribution Real Estate Holder, dated as of August 9, 2011, as further amended, supplemented or otherwise modified from time to time. 

“Domestic Distributor” means Domino’s Pizza Distribution LLC, a Delaware limited liability company, and its successors
and assigns. 
 “Domestic Distributor Certificate of Formation” means the certificate of formation of the Domestic
Distributor, dated as of March 2, 2007, as amended, supplemented or otherwise modified from time to time. 
 “Domestic
Distributor Charter Documents” means the Domestic Distributor Certificate of Formation and the Domestic Distributor Operating Agreement. 

“Domestic Distributor IP License Agreement” means the Domestic Distributor IP License Agreement, dated as of April 16,
2007, by and between the Domestic Distributor and the IP Holder, as amended, supplemented or otherwise modified from time to time. 

“Domestic Distributor Operating Agreement” means the Second Amended and Restated Limited Liability Company Agreement of the
Domestic Distributor, dated as of March 15, 2012, as further amended, supplemented or otherwise modified from time to time. 

“Domestic Franchise Arrangements” means, depending on the context in which it is used, the
Pre-Securitization Domestic Franchise Arrangements and the Post-Securitization Domestic Franchise Arrangements or the rights and obligations of the applicable franchisor under each such agreement;
provided that, for purposes of any of the Contribution and Sale Agreements, “Domestic Franchise Arrangements” shall have the meaning set forth on Schedule I attached hereto. 

  
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 “Domestic Franchisee” means any Franchisee who is a party to a Domestic
Franchise Arrangement. 
 “Domestic Franchising Concentration Account” means the account maintained in the name of the
Master Issuer or the Domestic Franchisor and pledged to the Trustee in which funds are held sufficient to qualify (together with other assets of the Domestic Franchisor and its Subsidiaries) for the Large Franchisor Exemption, or any successor
account established for the Master Issuer or the Domestic Franchisor by the Manager for such purpose pursuant to the Base Indenture and the Management Agreement, including any investment accounts related thereto into which funds are transferred for
investment purposes pursuant to Section 5.1(b) of the Base Indenture. 
 “Domestic Franchising
Concentration Account Control Agreement” means the Account Control Agreement governing the Domestic Franchising Concentration Account entered into by and among the Master Issuer and/or the Domestic Franchisor, the Manager, the Trustee and
the bank or other financial institution then holding the Domestic Franchising Concentration Account (which Account Control Agreement shall be reasonably acceptable to the Trustee, it being understood that the Domestic Franchising Concentration
Account Control Agreement in effect on the Closing Date is so acceptable to the Trustee). 
 “Domestic Franchisor” means
Domino’s Pizza Franchising LLC, a Delaware limited liability company, and its successors and assigns. 
 “Domestic Franchisor
Certificate of Formation” means the certificate of formation of the Domestic Franchisor, dated as of March 2, 2007, as amended by the Certificate of Amendment to Certificate of Formation, dated as of March 13, 2007, as amended,
supplemented or otherwise modified from time to time. 
 “Domestic Franchisor Charter Documents” means the Domestic
Franchisor Certificate of Formation and the Domestic Franchisor Operating Agreement. 
 “Domestic Franchisor IP License
Agreement” means the Domestic Franchisor IP License Agreement dated as of April 16, 2007, by and between the Domestic Franchisor and the IP Holder, as amended, supplemented or otherwise modified from time to time. 

“Domestic Franchisor Operating Agreement” means the Second Amended and Restated Limited Liability Company Agreement of the
Domestic Franchisor, dated as of March 15, 2012, as further amended, supplemented or otherwise modified from time to time. 

“Domestic Manufacturing and Distribution Centers” means the Manufacturing and Distribution Centers located in the United
States. 
 “Domestic Manufacturing and Distribution Centers Distribution and Contribution Agreements” means the PFS
Contribution Agreement, the PFS Distribution Agreement, the DPL Domestic Distribution and Overseas IP Holder Contribution Agreement, the Domino’s International Domestic Distribution and Overseas IP Holder Contribution Agreement, the SPV
Guarantor Domestic Distribution and Overseas IP Holder Contribution Agreement and the Master Issuer Domestic Distribution Contribution Agreements. 

  
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 “Domestic Product Purchase Agreement Payments” means the aggregate of any
payments due and payable by the Domestic Distributor to the Master Issuer, the Domestic Distribution Real Estate Holder or the Domestic Distribution Equipment Holder pursuant to the Product Purchase and Distribution Agreement. 

“Domestic Royalties Concentration Account” means the account maintained in the name of the Master Issuer and pledged to the
Trustee into which the Manager causes Collections to be deposited or any successor account established for the Master Issuer by the Manager for such purpose pursuant to the Base Indenture and the Management Agreement, including any investment
accounts related thereto into which funds are transferred for investment purposes pursuant to Section 5.1(b) of the Base Indenture. 

“Domestic Royalties Concentration Account Control Agreement” means the Account Control Agreement governing the Domestic
Royalties Concentration Account entered into by and among the Master Issuer, the Manager, the Trustee and the bank or other financial institution then holding the Domestic Royalties Concentration Account (which Account Control Agreement shall be
reasonably acceptable to the Trustee, it being understood that the Domestic Royalties Concentration Account Control Agreement in effect on the Closing Date is so acceptable to the Trustee). 

“Domestic Territory” means the contiguous United States, plus Alaska, Hawaii, Puerto Rico, Guam and the U.S. Virgin Islands.

 “Domino’s Brand” means the worldwide brand symbolized by the name and mark Domino’s® and all existing variations thereof. 
 “Domino’s Entity” means
Holdco and each of its direct and indirect Subsidiaries, now existing or hereafter created, including, without limitation, Intermediate Holdco, DPL, DNAF, Domino’s International, the Canadian Holdco, the Canadian Manufacturer, PMC LLC, PFS and
the Securitization Entities. 
 “Domino’s International” means Domino’s Pizza International LLC, a Delaware
limited liability company, as successor by merger to DPI, and its successors and assigns. 
 “Domino’s International
Certificate of Formation” means the certificate of formation of Domino’s International, dated as of March 5, 2007, as amended, supplemented or otherwise modified from time to time. 

“Domino’s International Charter Documents” means the Domino’s International Certificate of Formation and the
Domino’s International Operating Agreement. 
 “Domino’s International Contribution and Sale Agreement” means the
Domino’s International Contribution and Sale Agreement, dated as of the Series 2007-1 Closing Date, by and among Domino’s International, DPL, the IP Holder, the International Franchisor and the SPV
Guarantor, as amended, supplemented or otherwise modified from time to time. 
 “Domino’s International Domestic Distribution
and Overseas IP Holder Contribution Agreement” means the contribution agreement, dated as of the Closing Date, by and between 

  
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Domino’s International and SPV Guarantor pursuant to which Domino’s International will contribute Equity Interests in the Domestic Distribution Real Estate Holder, the Domestic
Distribution Equipment Holder and Overseas IP Holder LLC and leases of the Leased Domestic Manufacturing and Distribution Centers to SPV Guarantor. 

“Domino’s International Operating Agreement” means the Limited Liability Company Agreement of Domino’s
International, dated as of March 5, 2007, as further amended, supplemented or otherwise modified from time to time. 

“Domino’s IP” means all of the right, title and interest of the IP Holder and any Additional IP Holder in and to the
Domino’s Brand and any Future Brand and all Intellectual Property used in connection with the sale or offering for sale of goods or services under the Domino’s Brand and any Future Brand including, without limitation, all After-Acquired IP
Assets and the right to bring an action at law or in equity for any infringement, dilution, or violation of, and to collect all damages, settlement and proceeds relating to, any of the foregoing and, on and after the Closing Date, the After-Acquired
Overseas IP; provided, however, that the Domino’s IP will not include any third-party owned Intellectual Property except (x) as included in the Domino’s IP as of the Closing Date and (y) as included in any After-Acquired IP
Assets; provided that, for purposes of any of the Contribution and Sale Agreements, “Domino’s IP” shall have the meaning set forth on Schedule I attached hereto. 

“DPI” means Domino’s Pizza International, Inc., a Delaware corporation, and its successors and assigns. 

“DPI By-Laws” means the by-laws of DPI, as
amended, supplemented or otherwise modified from time to time. 
 “DPI Certificate of Incorporation” means the certificate
of incorporation of DPI, filed with the Secretary of State of Delaware on September 2, 1982, as amended, supplemented or otherwise modified from time to time. 

“DPI Charter Documents” means the DPI Certificate of Incorporation and the DPI
By-Laws. 
 “DPL” means Domino’s Pizza LLC, a Michigan limited liability
company, and its successors and assigns. 
 “DPL Certificate of Formation” means the certificate of formation of DPL, dated
as of October 27, 1999, as amended, supplemented or otherwise modified from time to time. 
 “DPL Charter Documents”
means the DPL Certificate of Formation and the DPL Operating Agreement. 
 “DPL Contribution and Sale Agreement” means the
DPL Contribution and Sale Agreement, dated as of the Series 2007-1 Closing Date, by and among DPL, the IP Holder and Domino’s International, as amended, supplemented or otherwise modified from time to
time. 

  
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 “DPL Domestic Distribution and Overseas IP Holder Contribution Agreement”
means the contribution agreement, dated as of the Closing Date, by and among DPL and each of the Domestic Distribution Equipment Holder, the Domestic Distribution Real Estate Holder and Domino’s International. 

“DPL IP License Agreement” means the DPL IP License Agreement, dated as of April 16, 2007, by and among Holdco,
Intermediate Holdco, DPL and PMC Inc., and subsequently assumed from PMC LLC by the IP Holder pursuant to the IP Assets Contribution Agreement, as amended, supplemented or otherwise modified from time to time. 

“DPL Operating Agreement” means the Amended and Restated Limited Liability Company Agreement of DPL, dated as of
October 27, 1999, as amended, supplemented or otherwise modified from time to time. 
 “DSCR” means, as of any
Quarterly Payment Date on and after Springing Amendments Implementation Date, the ratio (without rounding) of (a) an amount equal to the Adjusted Net Cash Flow over the four (4) Quarterly Collection Periods immediately preceding such
Quarterly Payment Date, to (b) an amount equal to Debt Service with respect to such four (4) Quarterly Collection Periods. 

“Eligible Account” means (a) a segregated identifiable trust account established in the trust department of a Qualified
Trust Institution, (b) a separately identifiable deposit or securities account established at a Qualified Institution or (c) where (i) the amount of deposits into such account or withdrawals from such account does not exceed $3,000,000 per
year, (ii) such account is held at an institution outside of the United States and Canada in order to comply with applicable foreign law and (iii) the total amount of deposits into or withdrawals from all such accounts (x) held at
institutions outside of the United States and Canada in order to comply with applicable foreign law and (y) not subject to Account Control Agreements does not exceed $10,000,000 per year, a separately identifiable bank or investment account
established at an institution permitted by applicable foreign law to hold such funds. 
 “Eligible Third-Party Candidate”
means an established enterprise in the business of providing credit support, governance or other advisory services to holders of notes similar to the Notes issued by the Co-Issuers that is (i) not a
Franchisee, (ii) not a Competitor and (iii) not formed solely to act as the Controlling Class Representative. 

“Enhancement” means, with respect to any Series of Notes, the rights and benefits provided to the Noteholders of such Series
of Notes pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity guaranty facility, tax protection agreement, interest rate swap or any other similar arrangement entered into by the
Co-Issuers in connection with the issuance of such Series of Notes as provided for in the applicable Series Supplement in accordance with the terms of the Base Indenture. 

“Enhancement Agreement” means any contract, agreement, instrument or document governing the terms of any Enhancement or
pursuant to which any Enhancement is issued or outstanding. 

  
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 “Enhancement Provider” means the Person providing any Enhancement as
designated in the applicable Series Supplement. 
 “Environmental Law” means any and all laws, rules, orders, regulations,
statutes, ordinances, guidelines, codes, decrees, agreements or other legally enforceable requirements (including, without limitation, common law) of any international authority, foreign government, the United States, or any state, local, municipal
or other governmental authority, regulating, relating to or imposing liability or standards of conduct concerning protection of the environment or of human health, or employee health and safety, as has been, is now, or may at any time hereafter be,
in effect. 
 “Environmental Remediation Expenses Amount” means the actual amount that any Securitization Entity or the
Manager, on such Securitization Entity’s behalf, is required to pay within 30 days following any date of determination, for goods or services (including but not limited to reasonable fees and expenses of environmental professionals and legal
counsel but excluding any amount payable to any Affiliate) contracted for in connection with conducting any environmental remediation procedures with respect to any environmental condition requiring remediation, as set forth in the Quarterly
Noteholders’ Statement. 
 “Equipment Holder Concentration Account” means the account maintained in the name of the
Master Issuer or the Domestic Distribution Equipment Holder and pledged to the Trustee, which will be used to maintain funds for the purpose of paying property taxes on, and other expenses relating to, equipment, or any successor account established
for the Master Issuer or the Domestic Distribution Equipment Holder by the Manager for such purpose pursuant to the Base Indenture and the Management Agreement, including any investment accounts related thereto into which funds are transferred for
investment purposes pursuant to Section 5.1(b) of the Base Indenture. 
 “Equipment Holder Concentration
Account Control Agreement” means the Account Control Agreement governing the Equipment Holder Concentration Account entered into by and among the Master Issuer and/or the Domestic Distribution Equipment Holder, the Manager, the Trustee and
the bank or other financial institution then holding the Equipment Holder Concentration Account (which Account Control Agreement shall be reasonably acceptable to the Trustee, it being understood that the Equipment Holder Concentration Account
Control Agreement in effect on the Closing Date is so acceptable to the Trustee). 
 “Equipment Holder Concentration Account Minimum
Balance” means $100,000, or such higher amount as may be established by the Manager from time to time in its sole discretion by notice to the Servicer, the Control Party and the Back-Up Manager. 

“Equity Interests” means (a) any ownership, management or membership interests in any limited liability company or
unlimited company, (b) any general or limited partnership interest in any partnership, (c) any common, preferred or other stock interest in any corporation, (d) any share, participation, unit or other interest in the property or
enterprise of an issuer that evidences ownership rights therein, (e) any ownership or beneficial interest in any trust or (f) any option, warrant or other right to convert into or otherwise receive any of the foregoing. 

  
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 “ERISA” means the U.S. Employee Retirement Income Security Act of 1974, as
amended, and any successor statute of similar import, in each case as in effect from time to time. References to sections of ERISA also refer to any successor sections. 

“Estimated Weekly Distributor Profit Amount” means, with respect to any Weekly Collection Period, the aggregate amount of
Distributor Profit payable during such Weekly Collection Period, as estimated by the Manager and set forth in each applicable Weekly Manager’s Certificate. 

“Euroclear” means Euroclear Bank, S.A./N.V., or any successor thereto, as operator of the Euroclear System. 

“Eurodollar Rate” means with respect to any portion of a Class A-1 Senior Note
funded by its holder based on LIBOR in accordance with the terms of the applicable Variable Funding Note Purchase Agreement, as determined in accordance with the applicable Variable Funding Note Purchase Agreement, a rate per annum equal to the sum
of (A) the quotient (expressed as a percentage and rounded upwards, if necessary, to the nearest 1/100 of 1%) obtained by dividing (i) applicable LIBOR by (ii) 100% minus the applicable LIBOR Reserve Percentage, if any plus
(B) any spread, as specified in the applicable Variable Funding Note Purchase Agreement. 
 “Event of Bankruptcy” will
be deemed to have occurred with respect to a Person if: 
 a case or other proceeding is commenced, without the application or consent of
such Person, in any court, seeking the liquidation, reorganization, debt arrangement, dissolution, winding up, or composition or readjustment of debts of such Person, the appointment of a trustee, receiver, custodian, liquidator, assignee,
sequestrator or the like for such Person or all or any substantial part of its assets, or any similar action with respect to such Person under any law relating to bankruptcy, insolvency, reorganization, winding up or composition or adjustment of
debts, and such case or proceeding continues undismissed, or unstayed and in effect, for a period of sixty (60) consecutive days; or an order for relief in respect of such Person is entered in an involuntary case under the federal bankruptcy
laws or other similar laws now or hereafter in effect; or 
 such Person commences a voluntary case or other proceeding under any applicable
bankruptcy, insolvency, reorganization, debt arrangement, dissolution or other similar law now or hereafter in effect, or consents to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or
other similar official) for such Person or for any substantial part of its property, or makes any general assignment for the benefit of creditors; or 

the board of directors or board of managers (or similar body) of such Person votes to implement any of the actions set forth in clause
(b) above. 
 “Event of Default” means any of the events set forth in Section 9.2 of the
Base Indenture. 
 “Excess Class A-1 Senior Notes Administrative Expenses
Amount” means, for each Weekly Allocation Date, an amount equal to the amount by which (a) the Class A-1 Senior Notes Administrative Expenses that have become due and payable prior to such
Weekly Allocation Date and have not been previously paid exceed (b) the Capped Class A-1 Senior Notes Administrative Expenses Amount for such Weekly Allocation Date. 

  
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 “Excess Securitization Operating Expenses Amount” means, for each Weekly
Allocation Date, an amount equal to the amount by which (a) the Securitization Operating Expenses that have become due and payable prior to such Weekly Allocation Date and have not been previously paid exceed (b) the Capped
Securitization Operating Expense Amount for such Weekly Allocation Date. 
 “Exchange Act” means the Securities Exchange
Act of 1934, as amended. 
 “Excluded Amounts” means, collectively, any Advertising Fees, any Company- Owned Stores
Advertising Fees, any Distributor Costs of Goods Sold, any Distribution Operating Expenses, any Distributor Franchisee Rebates, Third-Party Matching Expenses, Distribution Center Expenses, withholding Taxes, Canadian Taxes, IP Registration and
Enforcement Fees and any other amounts deposited into any Concentration Account that are not required to be deposited into the Collection Account pursuant to Section 5.10 of the Base Indenture. 

“Excluded Countries” has the meaning set forth in Annex A to the 2007 Base Indenture. 

“Excluded Domestic Distribution Leasehold Assets” means (a) the Leased Domestic Manufacturing and Distribution Centers
and (b) the leasehold assets of a Securitization Entity which have a Non-Securitization Entity as a co-obligor on such lease. 

“Excluded Property” means (i) any lease, license, intellectual property rights, contract property rights or agreement to
which any Co-Issuer is a party (or to any of its rights or interests thereunder) to the extent the grant of a security interest in the foregoing would (A) constitute or result in the abandonment,
invalidation or unenforceability of any right, title or interest of the applicable Co-Issuer therein, (B) constitute or result in a breach or termination pursuant to the terms thereof, or as a matter of
law, or a default under, any such lease, license, contract, property rights or agreement, or (C) require the consent of any third party that the applicable Co-Issuer has not obtained after using
commercially reasonable efforts, in each case except to the extent that any such term would be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC, (ii) the Excluded Domestic Distribution Leasehold Assets and (iii) Trademark applications filed in the PTO on the basis of a Co-Issuer’s intent to use such mark unless and until evidence of use is filed with the PTO. 

“Existing Canadian Requirements Agreements” has the meaning set forth on Schedule I attached hereto. 

“Existing Canadian Third-Party Supply Agreements” has the meaning set forth on Schedule I attached hereto. 

“Existing Domestic Distribution Agreements” has the meaning set forth on Schedule I attached hereto. 

“Existing Domestic Franchise Arrangements” has the meaning set forth on Schedule I attached hereto. 

  
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 “Existing Franchise Arrangements” has the meaning set forth on Schedule I
attached hereto. 
 “Existing International Franchise Agreement” has the meaning set forth on Schedule I attached hereto.

 “Existing International Franchise Arrangements” has the meaning set forth on Schedule I attached hereto. 

“Existing International Master Franchise Agreement” has the meaning set forth on Schedule I attached hereto. 

“Existing Overseas Franchise Agreement” has the meaning set forth on Schedule I attached hereto. 

“Existing Overseas Franchise Arrangements” means all master franchise agreements, store franchise agreements, area
development agreements and similar agreements related to Franchised Stores operated or under development as of the Closing Date in the Overseas Countries or the rights and obligations of the Overseas Franchisor under each such agreement;
provided that, for purposes of any of the Contribution and Sale Agreements, “Existing Overseas Franchise Arrangements” shall have the meaning set forth on Schedule I attached hereto. 

“Existing Overseas Master Franchise Agreement” has the meaning set forth on Schedule I attached hereto. 

“Existing Requirements Agreements” has the meaning set forth on Schedule I attached hereto. 

“Existing Third-Party License Agreements” has the meaning set forth on Schedule I attached hereto. 

“Existing Third-Party Supply Agreements” has the meaning set forth on Schedule I attached hereto. 

“Extension Period” means, with respect to any Series or any Class of any Series of Notes, the period from the Series
Anticipated Repayment Date (or any previously extended Series Adjusted Repayment Date) with respect to such Series or Class to the Series Adjusted Repayment Date with respect to such Series or Class as extended in connection with the
provisions of the applicable Series Supplement. 
 “FDIC” means the U.S. Federal Deposit Insurance Corporation. 

“Fee Letter” means each VFN Fee Letter. 

“Final Series Anticipated Repayment Date” means the Series Anticipated Repayment Date with respect the last Series of Notes
Outstanding. 

  
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 “Final Series Legal Final Maturity Date” means the Series Legal Final
Maturity Date with respect the last Series of Notes Outstanding. 
 “Financial Assets” has the meaning set forth in
Section 5.8(b) of the Base Indenture. 
 “Fiscal Period” means each 28-day (or 35-day) fiscal period of the Securitization Entities. 

“Fiscal Quarter Percentage” means, with respect to any Quarterly Collection Period containing 12 weeks, 10% and, with respect
to any Quarterly Collection Period containing 16 or 17 weeks, 8%. 
 “Former Transferors” means, collectively, Holdco,
Intermediate Holdco, DPL, Domino’s International, PMC LLC, the Canadian Manufacturer, PFS, the Overseas IP Holder and the Overseas Franchisor. 

“Franchise Arrangements” means, collectively, all Domestic Franchise Arrangements and all International Franchise
Arrangements. 
 “Franchised Store” means any Store that is not a Company-Owned Store. 

“Franchisee” means a Person identified as “franchisee”, “developer”, “licensee” or “master
franchisee” or any similar term identifying a party that is licensing rights in or to the Domino’s Brand or a Future Brand under a license agreement, master franchise agreement, franchise agreement, area development agreement or any
similar agreement or arrangement with a “franchisor.” For the avoidance of doubt, any Domino’s Entity that owns and operates a Company-Owned Store pursuant to the Company-Owned Stores Master License Agreement will not be deemed to be
a Franchisee. 
 “Franchisee Insurance Policy” means any insurance policy or policies maintained by a Domestic Franchisee
or an International Franchisee, in accordance with the requirements of its Domestic Franchise Arrangement or International Franchise Arrangement, as the case may be. 

“Franchisee Insurance Proceeds” means any amounts actually received by DPL, DPI, the Master Issuer, the Domestic Franchisor
or the International Franchiser, as additional insured or loss payee, upon settlement of a claim filed under a Franchisee Insurance Policy, net of direct fees,
out-of-pocket costs (exclusive of overhead) and disbursements incurred in connection with the collection thereof. 

“Franchisee Payments” means, collectively, all amounts paid by or on behalf of Domestic Franchisees and International
Franchisees to the Domestic Franchisor or the International Franchisor under or in connection with the Domestic Franchise Arrangements and the International Franchise Arrangements that are Continuing Franchise Fees, Initial Franchise Fees, Other
Franchise Fees, PULSE Maintenance Fees, PULSE License Fees, Technology Fees or Franchisee Insurance Proceeds and any other amounts payable in respect of such Franchise Arrangements by or on behalf of any such Franchisee that are not Excluded
Amounts. 
 “Franchisee Promissory Notes” means, collectively, all promissory notes, chattel paper or other instruments
issued by a Domestic Franchisee or an International Franchisee to any Securitization Entity evidencing amounts owing in connection with any Domestic Franchise Arrangement, any International Franchise Arrangement or any Asset Disposition, as the case
may be. 

  
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 “Franchisors” means, collectively, the Domestic Franchisor, the
International Franchisor and any Additional Franchisor. 
 “Franchisors Charter Documents” means, collectively, the
Domestic Franchisor Charter Documents, the International Franchisor Charter Documents and any Additional Franchisor Charter Documents. 

“Franchisors Operating Agreements” means, collectively, the Domestic Franchisor Operating Agreement, the International
Franchisor Certificate of Incorporation and any Additional Franchisor Operating Agreements. 
 “Free Cash Flow” means, with
respect to any Securitization Entity as of any date of determination, all available cash on hand of such Securitization Entity as of such date minus (a) (a) if applicable, any amount necessary or desirable for such Securitization Entity
to seek to obtain and/or maintain franchise licenses and franchise registration exemptions and (b) any amount that the board of directors or board of managers, as the case may be, of such Securitization Entity reasonably determines is necessary
or desirable for such Securitization Entity to operate its business or meet its obligations. 
 “Future Brand” means any
brand other than the Domino’s Brand under which any Domino’s Entity first sells or offers for sale any goods or services, or otherwise conducts business in the Domestic Territory or the International Territory on or after the Closing Date;
provided that, for purposes of any of the Contribution and Sale Agreements, “Future Brand” shall have the meaning set forth on Schedule I attached hereto. 

“Future Brand Assets” means all Future Brand IP used solely in connection with the related Future Brand and any other assets
and liabilities of a similar type and nature. 
 “Future Brand IP” means all Intellectual Property rights of any kind in a
Future Brand or used in connection with any Future Brand, including, without limitation, the right to bring an action at law or in equity for any infringement, dilution, or violation of, and to collect all damages, settlement and proceeds relating
to, any of the foregoing. 
 “GAAP” means the generally accepted accounting principles promulgated or adopted by the
Financial Accounting Standards Board and its predecessors and successors from time to time. 
 “Global G&C Agreement”
means the Amended and Restated Guarantee & Collateral Agreement, dated as of March 15, 2012, by and among the Guarantors and the Trustee, as amended, supplemented or otherwise modified from time to time. 

“Global Retail Sales” means, collectively, Gross Sales for all Stores throughout the world. 

  
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 “Governmental Authority” means the government of the United States of
America or any other nation or any political subdivision of the foregoing, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of or pertaining to government. 
 “Government Securities” means readily
marketable obligations issued or directly and fully guaranteed or insured by the United States of America or any agency or instrumentality thereof and as to which obligations the full faith and credit of the United States of America is pledged in
support thereof. 
 “Gross Royalty Stream” means on any date, with respect to any country, the gross amount of Continuing
Franchise Fees or Company-Owned Stores License Fees from a Franchisee or, DPL as the owner of Company-Owned Stores, collected in respect of any Stores in such country during the preceding four Quarterly Collection Periods. 

“Gross Sales” means the total received from all sales by a Store of all pizza, beverages and other authorized products or
services, but excluding sales or equivalent taxes, coupons and similar discounts. 
 “Guarantors” means, collectively, the
SPV Guarantor and the Subsidiary Guarantors. 
 “Hedge Counterparty” means an institution that enters into a Swap Contract
with the Master Issuer (or all of the Co-Issuers) to provide certain financial protections with respect to changes in interest rates applicable to a Series of Notes relating to such Notes if and as specified
in the applicable Series Supplement. 
 “Hedge Payment Account” means an account (including any investment accounts related
thereto) in the name of the Trustee for the benefit of the Secured Parties, into which amounts payable to a Hedge Counterparty are deposited, bearing a designation clearly indicating that the funds deposited therein are held by the Trustee for the
benefit of the Secured Parties. 
 “Holdco” means Domino’s Pizza, Inc., a Delaware corporation, and its successors and
assigns. 
 “Holdco By-Laws” means the
by-laws of Holdco, as amended, supplemented or otherwise modified from time to time. 

“Holdco Certificate of Incorporation” means the certificate of incorporation of Holdco, filed with the Secretary of State of
Delaware on July 13, 2002, as amended, supplemented or otherwise modified from time to time. 
 “Holdco Charter
Documents” means the Holdco Certificate of Incorporation and the Holdco By-Laws. 

“Holdco Letter of Credit” means any letter of credit issued under any Variable Funding Note Purchase Agreement to secure
obligations of one or more Non-Securitization Entities. 

  
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 “Holdco Letter of Credit Agreement” means the Holdco Letter of Credit
Agreement, dated as of the Closing Date, among Holdco and the Co-Issuers, as amended, supplemented or otherwise modified from time to time. 

“Holdco Leverage Ratio” means at any time, the ratio of (a) Indebtedness of the Holdco Consolidated Entities (provided
that, with respect to each Series of Class A-1 Senior Notes Outstanding, the aggregate principal amount of each such Series of Senior Notes will be deemed to be the
Class A-1 Senior Notes Maximum Principal Amount for each such Series) less (ii) the sum of (u) the cash and Permitted Investments of the Securitization Entities credited to the Senior Notes
Interest Reserve Account, the Senior Subordinated Notes Interest Reserve Account and the Cash Trap Reserve Accounts as of the end of the most recently ended Quarterly Collection Period, (v) the Principal and Interest Account Excess Amount,
(w) any cash and Permitted Investments held in the Residual Amounts Account, (x) the cash and Permitted Investments of the Securitization Entities credited to the Concentration Accounts as of the end of the most recently ended Quarterly
Collection Period that, pursuant to a Weekly Manager’s Certificate delivered on or prior to such date, will be paid to the Manager or constitute the Residual Amount on the next succeeding Weekly Allocation Date, (y) the Unrestricted Cash
and Permitted Investments of the Non-Securitization Entities as of the end of the most recently ended Quarterly Collection Period and (z) the available amount of each Interest Reserve Letter of Credit as
of the end of the most recently ended Quarterly Collection Period to (b) Consolidated Adjusted EBITDA of the Holdco Consolidated Entities, for the immediately preceding 13 twenty-eight day (or thirty-five day) Fiscal Periods; provided, however,
that solely for purposes of the Series Non-Amortization Test, the proviso in clause (a) above shall not apply. 

“Holding Companies Contribution Agreement” means the Holding Companies Contribution Agreement, dated as of the Series 2007-1 Closing Date, by and among DPL, 
 Holdco and Intermediate Holdco, as amended, supplemented or
otherwise modified from time to time. 
 “Included Countries” means the following countries: United Kingdom, Ireland, Guam,
Australia, New Zealand, Mexico, Canada, South Korea, Japan, Venezuela, Brazil, Aruba, Bahamas, Cayman Islands, Curacao, Dominican Republic, Haiti, Jamaica, St. Lucia, St. Maarten, Trinidad and Tobago, St. Kitts and Nevis, Puerto Rico, the U.S.
Virgin Islands, Guatemala, Chile, Colombia, Costa Rica, Ecuador, Honduras, Nicaragua, Panama, Peru and any other country in Central America or South America in which a Store is opened after the Closing Date and any country designated as an
“Included Country” by the Manager. 
 “Indebtedness”, as applied to any Person, means, without duplication,
(a) all indebtedness for borrowed money in any form, including derivatives, (b) notes payable, (c) any obligation owed for all or any part of the deferred purchase price for property or services, which purchase price is (i) due
more than six months from the date of the incurrence of the obligation in respect thereof or (ii) evidenced by a note or similar written instrument (other than an earn-out obligation until such obligation
becomes a liability on the balance sheet of such Person under GAAP), (d) all indebtedness secured by any Lien on any property or asset owned by that Person regardless of whether the indebtedness secured thereby has been assumed by that Person or is
nonrecourse to the credit of that Person and (e) all Contingent Obligations of such Person in 

  
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respect of any of the foregoing. Notwithstanding the foregoing, Indebtedness will not include (i) any liability for federal, state, local or other taxes owed or owing to any governmental
entity, (ii) amounts payable under Third-Party License Agreements and Third-Party Supply Agreements or similar trade debt incurred in the ordinary course of business and in a manner consistent with the Management Standard or (iii) that
portion of obligations with respect to any lease of any property (whether real, personal or mixed) that is properly classified as a liability on a balance sheet in conformity with GAAP, including all Capitalized Lease Obligations incurred by such
Person. 
 “Indemnification and Real Estate Proceeds Payment Amounts” means the amounts payable pursuant to clause
(i) of the Priority of Payments (solely out of funds on deposit in the Collection Account on the applicable Weekly Allocation Date consisting of Indemnification Payments or Real Estate Disposition Proceeds), to be applied in the following order
of priority: (A) to reimburse the Trustee, and then, the Servicer, for any unreimbursed Advances (and accrued interest thereon at the Advance Interest Rate), then (B) to reimburse the Manager for any unreimbursed Manager Advances (and
accrued interest thereon at the Advance Interest Rate), then (C) if a Class A-1 Senior Notes Amortization Event is continuing, to make an allocation to the Senior Notes Principal Payments Account, in
the amount necessary to prepay and permanently reduce the commitments under all Class A-1 Senior Notes affected by such Class A-1 Senior Notes Amortization
Event on a pro rata basis based on commitment amounts; then (D) to make an allocation to the Senior Notes Principal Payments Account, in the amount necessary to prepay the Outstanding Principal Amount of all Senior Notes of all Series other
than Class A-1 Senior Notes on a pro rata basis based on principal outstanding; then (E) provided clause (C) does not apply, to make an allocation to the Senior Notes Principal Payments Account,
in the amount necessary to prepay and permanently reduce the commitments under all Class A-1 Senior Notes of all Series on a pro rata basis based on commitment amounts; and then (F), to make an allocation
to the Senior Subordinated Notes Principal Payments Account, in the amount necessary to prepay the Outstanding Principal Amount of all other Classes of Notes sequentially in alphabetical order on a pro rata basis based on principal outstanding
across the Classes of all Series with the same alphabetical designation. 
 “Indemnification Payments” means amounts paid
by Domino’s International, the Canadian Manufacturer, DPL, PMC LLC, PFS, the Overseas Franchisor or the Overseas IP Holder pursuant to the Domino’s International Contribution and Sale Agreement, the Canadian Distribution Assets Sale
Agreement, the DPL Contribution and Sale Agreement, the IP Assets Contribution Agreement, the Overseas Contribution Agreements or the Domestic Distribution Contribution Agreements, as applicable, as a result of a breach of any representation or
warranty made by Domino’s International or DPL pursuant to the Domino’s International Contribution and Sale Agreement, by the Canadian Manufacturer or DPL pursuant to the Canadian Distribution Assets Sale Agreement, by DPL pursuant to the
DPL Contribution and Sale Agreement, by PMC LLC or DPL pursuant to the IP Assets Contribution Agreement, by the Overseas Franchisor or the Overseas IP Holder pursuant to the applicable Overseas Contribution Agreements and by PFS, DPL and
Domino’s International pursuant to the applicable Domestic Distribution Contribution Agreements, including any amounts ultimately received by Domino’s International from any Former Transferor pursuant to any
Pre-Securitization Contribution and Sale Agreement as a result of a breach of any representation or warranty made by such Former Transferor pursuant to any
Pre-Securitization Contribution and Sale Agreement. 

  
 -41- 

 “Indenture” means the Base Indenture, together with all Series Supplements,
as amended, supplemented or otherwise modified from time to time by Supplements thereto in accordance with its terms. 
 “Indenture
Collateral” has the meaning set forth in Section 3.1 of the Base Indenture. 
 “Indenture
Documents” means, collectively, with respect to any Series of Notes, the Base Indenture, the related Supplement, the Notes of such Series, the Global G&C Agreement, the Account Control Agreements, any related Variable Funding Note
Purchase Agreement and any other agreements relating to the issuance or the purchase of the Notes of such Series or the pledge of Collateral under any of the foregoing. 

“Independent Accountant Fees” means all fees payable to the Independent Accountants by the Securitization Entities. 

“Independent Accountants” means the firm of independent accountants appointed pursuant to the Management Agreement or any
successor independent accountant. 
 “Independent Directors” or “Independent Managers” means, with respect
to any Securitization Entity, the independent directors or managers appointed to the board of directors or board of managers, as the case may be, pursuant to the terms of the Charter Documents of such Securitization Entity. 

“Ineligible Account” has the meaning set forth in Section 5.18 of the Base Indenture. 

“Initial CCR Election” has the meaning set forth in Section 11.1(a) of the Base Indenture. 

“Initial Closing Date” has the meaning set forth on Schedule I attached hereto. 

“Initial Controlling Class Member List” means the list of contact information to be provided to the
Trustee on the Closing Date by the initial purchasers of the Series of Notes issued on such date. 
 “Initial Franchise
Fees” means all initial franchise fees due and to become due under or in connection with any Domestic Franchise Arrangement or any International Franchise Arrangement. 

“Initial Principal Amount” means, with respect to any Series or Class (or Subclass) of Notes, the aggregate initial principal
amount of such Series or Class (or Subclass) of Notes specified in the applicable Series Supplement. 
 “Insurer Premiums
Account” means the administrative account established by the Master Issuer under the 2007 Base Indenture for the deposit of any insurance premiums payable to the Insurers with respect to notes issued under the 2007 Base Indenture. 

“Insurers” means each of MBIA Insurance Corporation, a New York stock insurance corporation, and Ambac Assurance Corporation,
a Wisconsin stock assurance corporation. 

  
 -42- 

 “Intellectual Property” means Trademarks, Copyrights, Know-How, Patents and all other intellectual property rights, however denominated throughout the world, and registrations and applications for registration of any of the foregoing. 

“Interest Period” means (a) solely with respect to any Class A-1 Senior
Notes of any Series of Notes, a period commencing on and including the day that is two (2) Business Days prior to an Accounting Date and ending on but excluding the day that is two (2) Business Days prior to the next succeeding Accounting
Date and (b) with respect to any other Class of Notes of any Series of Notes, a period commencing on and including the 25th day of the calendar month in which the immediately preceding Quarterly Payment Date occurred to but excluding the
25th day of the calendar month which includes the then-current Quarterly Payment Date; provided, however, that the initial Interest Period for any Series will commence on and include the Series Closing Date and end on the date specified in
the applicable Series Supplement; provided further that the Interest Period, with respect to each Series of Notes Outstanding, immediately preceding the Quarterly Payment Date on which the last payment on the Notes of such Series is to be
made will end on such Quarterly Payment Date. 
 “Interest Reserve Letter of Credit” means any Letter of Credit issued
under a Variable Funding Note Purchase Agreement for the benefit of the Trustee and the Senior Noteholders or the Senior Subordinated Noteholders, as applicable. 

“Interest Reserve Release Event” means, with respect to any Series of Notes, an event allowing funds to be released from the
Senior Notes Interest Reserve Account or the Senior Subordinated Notes Interest Reserve Account, as applicable, identified as an Interest Reserve Release Event with respect to such Series of Notes pursuant to the applicable Series Supplement. 

“Interim Successor Manager” means, upon the resignation or termination of the Manager pursuant to the terms of the Management
Agreement and prior to the appointment of any successor to the Manager by the Control Party (at the direction of Controlling Class Representative), the Back-Up Manager. 

“Intermediate Holdco” means Domino’s Inc., a Delaware corporation, and its successors and assigns. 

“Intermediate Holdco By-Laws” means the
by-laws of Intermediate Holdco, as amended, supplemented or otherwise modified from time to time. 

“Intermediate Holdco Certificate of Incorporation” means the certificate of incorporation of Intermediate Holdco, filed with
the Secretary of State of Delaware on December 7, 1991, as amended, supplemented or otherwise modified from time to time. 

“Intermediate Holdco Charter Documents” means the Intermediate Holdco Certificate of Incorporation and the Intermediate
Holdco By-Laws. 
 “International Continuing Franchise Fees” means any Continuing
Franchise Fees paid to any “franchisor” by an International Franchisee. 

  
 -43- 

 “International Franchise Arrangements” means all master franchise
agreements, store franchise agreements, area development agreements and similar agreements related to Franchised Stores operated or under development in the International Territory, including any Franchisee Promissory Notes issued in respect of any
such agreements. On and after the Closing Date, International Franchise Arrangements will also include the Overseas Franchise Arrangements. Notwithstanding the foregoing, for purposes of any of the Contribution and Sale Agreements,
“International Franchise Arrangements” shall have the meaning set forth on Schedule I attached hereto. 
 “International
Franchisee” means any Franchisee who is a party to an International Franchise Arrangement. 
 “International Franchisee
PULSE Agreements” has the meaning set forth on Schedule I attached hereto. 
 “International Franchisor” means
Domino’s Pizza International Franchising Inc., a Delaware corporation, and its successors and assigns. 
 “International
Franchisor By-Laws” means the by-laws of the International Franchisor, as amended, supplemented or otherwise modified from time to time. 

“International Franchisor Certificate of Incorporation” means the certificate of incorporation of the International
Franchisor, filed with the Secretary of State of Delaware on April 16, 2007, as amended, supplemented or otherwise modified from time to time. 

“International Franchisor Charter Documents” means the International Franchisor Certificate of Incorporation and the
International Franchisor By-Laws. 
 “International Franchisor Interests” has the
meaning set forth on Schedule I attached hereto. 
 “International Franchisor IP License Agreement” means the International
Franchisor IP License Agreement, dated as of April 16, 2007, by and between the International Franchisor and the IP Holder, as may be amended, supplemented or otherwise modified from time to time. 

“International Royalties Concentration Account” means the account maintained in the name of the Master Issuer or the
International Franchisor and pledged to the Trustee into which the Manager causes Collections to be deposited or any successor account established for the Master Issuer or the International Franchisor by the Manager for such purpose pursuant to the
Base Indenture and the Management Agreement, including any investment accounts related thereto into which funds are transferred for investment purposes pursuant to Section 5.1(b) of the Base Indenture. 

“International Royalties Concentration Account Control Agreement” means the Account Control Agreement governing the
International Royalties Concentration Account entered into by and among the Master Issuer and/or the International Franchisor, the Manager, the Trustee and the bank or other financial institution then holding the International Royalties
Concentration Account (which Account Control Agreement shall be reasonably acceptable to the Trustee, it being understood that the International Royalties Concentration Account Control Agreement in effect on the Closing Date is so acceptable to the
Trustee). 

  
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 “International Territory” means worldwide locations, other than those in
the Domestic Territory. As of the Closing Date, the International Territory includes the Overseas Countries. 
 “Investment Company
Act” means the Investment Company Act of 1940, as amended. 
 “Investment Income” means, with respect to the
Collection Account, any other Base Indenture Account (other than the Residual Amounts Account), any Concentration Account and any Series Accounts, for any Quarterly Collection Period the excess, if any, of (a) the sum of all investment interest
and other earnings on such account during such Quarterly Collection Period over (b) any investment losses incurred in respect of such account during such Quarterly Collection Period. 

“Investment Property” has the meaning set forth in Section 9-102(a)(49) of the
applicable UCC. 
 “IP Assets Contribution Agreement” means the IP Assets Contribution Agreement, dated as of
April 16, 2007, by and among DPL, PMC LLC and the IP Holder, as amended, supplemented or otherwise modified from time to time. 

“IP Holder” means Domino’s IP Holder LLC, a Delaware limited liability company, and its successors and assigns. 

“IP Holder Certificate of Formation” means the certificate of formation of the IP Holder, dated as of March 2, 2007, as
amended, supplemented or otherwise modified from time to time. 
 “IP Holder Charter Documents” means the IP Holder
Certificate of Formation and the IP Holder Operating Agreement. 
 “IP Holder Concentration Account” means the account
maintained in the name of the Master Issuer or the IP Holder and pledged to the Trustee into which the Manager causes Company-Owned Stores License Fees to be deposited or any successor account established for the Master Issuer or the IP Holder by
the Manager for such purpose pursuant to the Base Indenture and the Management Agreement, including any investment accounts related thereto into which funds are transferred for investment purposes pursuant to Section 5.1(b)
of the Base Indenture. 
 “IP Holder Concentration Account Control Agreement” means the Account Control Agreement governing
the IP Holder Concentration Account entered into by and among the Master Issuer and/or the IP Holder, the Manager, the Trustee and the bank or other financial institution then holding the IP Holder Concentration Account (which Account Control
Agreement shall be reasonably acceptable to the Trustee, it being understood that the IP Holder Concentration Account Control Agreement in effect on the Closing Date is so acceptable to the Trustee). 

  
 -45- 

 “IP Holder Equity Interests Distribution Agreement” means the IP Holder
Equity Interests Distribution Agreement, dated as of April 16, 2007, by and between PMC LLC and DPL, as amended, supplemented or otherwise modified from time to time. 

“IP Holder Interests” has the meaning set forth on Schedule I attached hereto. 

“IP Holder Operating Agreement” means the Second Amended and Restated Limited Liability Company Agreement of the IP Holder,
dated as of March 15, 2012, as further amended, supplemented or otherwise modified from time to time. 
 “IP License
Agreements” means the Company-Owned Stores Master License Agreement, the DPL IP License Agreement, the DNAF IP License Agreement, the Canadian Distributor IP License Agreement, the International Franchisor IP License Agreement, the Domestic
Franchisor IP License Agreement, the Domestic Distributor IP License Agreement, the Master Issuer IP License Agreement, the Overseas IP Holder IP License Agreement, the Overseas IP Holder Asset Sale and IP License Agreement and any similar agreement
entered into by the IP Holder or an Additional IP Holder with respect to the Domino’s Brand or Future Brand; provided, that as of the Closing Date “IP License Agreements” will not include (i) the Overseas IP Holder
Asset Sale and IP License Agreement, (ii) the Overseas IP Holder IP License Agreement and (iii) the Overseas Franchisor Asset Sale and IP License Agreement. 

“IP Registration and Enforcement Fees” means fees and expenses incurred by or on behalf of the IP Holder in connection with
registering, maintaining and enforcing the Domino’s IP and paying licensing fees for Company-Owned Stores. 
 “Know-How” means all trade secrets and all other confidential or proprietary know-how, inventions, processes, procedures, methods, techniques, discoveries, non-patentable inventions, industrial designs, improvements, ideas, designs, models, formulae, patterns, compilations, data collections, drawings, blueprints, devices, customer lists, software, domain names,
technical information and data, specifications, research and development information, engineering drawings, operating and maintenance manuals, recipes, customer lists, supplier lists, business plans and other similar information and rights. 

“L/C Downgrade Event” has the meaning specified in Section 5.17 of the Base Indenture. 

“L/C Provider” has the meaning specified in Section 5.17 of the Base Indenture. 

“Lease Concentration Account” means the account maintained in the name of the Master Issuer and pledged to the Trustee which
will be used to maintain funds to make lease payments, or to pay other expenses, with respect to leases held by the Master Issuer or any successor account established for the Master Issuer by the Manager for such purpose pursuant to the Base
Indenture and the Management Agreement, including any investment accounts related thereto into which funds are transferred for investment purposes pursuant to Section 5.1(b) of the Base Indenture. 

“Lease Concentration Account Control Agreement” means the Account Control Agreement governing the Lease Concentration Account
entered into by and among the Master Issuer, the Manager, the Trustee and the bank or other financial institution then holding the 

  
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Lease Concentration Account (which Account Control Agreement shall be reasonably acceptable to the Trustee, it being understood that the Lease Concentration Account Control Agreement in effect on
the Closing Date is so acceptable to the Trustee). 
 “Lease Concentration Account Minimum Balance” means $100,000, or such
higher amount as may be established by the Manager from time to time in its sole discretion by notice to the Servicer, the Control Party and the Back-Up Manager. 

“Leased Domestic Manufacturing and Distribution Centers” means the leased Domestic Manufacturing and Distribution Centers the
leases for which are assigned to the Master Issuer on or after the Closing Date, together with, if the context so permits, any other Domestic Manufacturing and Distribution Centers leased by the Master Issuer after the Closing Date. 

“LIBOR” has the meaning, with respect to any Series of Notes, specified in the applicable Series Supplement or, to the extent
not defined in the applicable Series Supplement, means, with respect to each day during a period of up to three months, as mutually agreed by the Manager and the Class A-1 Administrative Agent, the rate
for deposits in U.S. Dollars for a period equal to such period, that appears on the Reuters Telerate Service Page 3750 as of 11:00 a.m. (London time) on the day that is two London Business Days prior to the first day of such period; provided,
that if such rate does not appear on the Reuters Telerate Service Page 3750 (or such other page as may replace that page on that service, or if that service is no longer offered), “LIBOR” means the arithmetic average (rounded up to the
nearest 1/100 of 1%) of the offered quotations by the Class A-1 Administrative Agent for deposits of U.S. Dollars at or about 11:00 a.m. (London time) two London Business Days prior to the first day of
such period, in an amount substantially equal to the amount of U.S. Dollars to be funded for such period. 
 “LIBOR Reserve
Percentage” means, for any day on which all or any portion of the Outstanding principal of a Class A-1 Senior Note is funded by or on behalf of its holder based on LIBOR in accordance with the
terms of the applicable Variable Funding Note Purchase Agreement, the maximum reserve percentage, if any, applicable to such holder or such holder’s funding agent under Regulation D under the 1933 Act on such day for determining the
holder’s or the funding agent’s reserve requirement (including any marginal, supplemental or emergency reserves) with respect to liabilities or assets having a term comparable to such interest period consisting or included in the
computation of Eurocurrency Liabilities (as defined in Regulation D under the 1933 Act). 
 “Lien” means, when used with
respect to any Person, any interest in any real or personal property, asset or other right held, owned or being purchased or acquired by such Person which secures payment or performance of any obligation, and will include any mortgage, lien, pledge,
encumbrance, charge, retained security title of a conditional vendor or lessor, or other security interest of any kind, whether arising under a security agreement, mortgage, lease, deed of trust, chattel mortgage, assignment, pledge, retention or
security title, financing or similar statement, or arising as a matter of law, judicial process or otherwise. 
 “Liquidation
Fees” has the meaning set forth in the Servicing Agreement. 

  
 -47- 

 “Lock-Box” means a post-office box
that has been established by the Master Issuer at a Qualified Institution in connection with the establishment of a Concentration Account. 

“Luxembourg Agent” has the meaning specified in Section 2.4(c) of the Base Indenture. 

“Majority of Controlling Class Members” means, with respect to the Controlling Class Members (or, if
specified, any subset thereof) and as of any day of determination, Controlling Class Members that hold in excess of 50% of the sum of (i) the Class A-1 Senior Notes Voting Amount with respect to
each Series of Class A-1 Senior Notes of the Controlling Class held by such Controlling Class Members and (ii) the Outstanding Principal Amount of each Series of Notes of the Controlling
Class (other than Class A-1 Senior Notes) held by such Controlling Class Members (or such subset thereof, as applicable) or any beneficial interest therein as of such day of determination (excluding
any Notes or beneficial interests in Notes held by any Co-Issuer or any Affiliate of any Co-Issuer). 

“Majority of Noteholders” means Noteholders holding in excess of 50% of the sum of (i) the Class A-1 Senior Notes Voting Amount with respect to each Series of Class A-1 Senior Notes Outstanding and (ii) the Outstanding Principal Amount of each Series
of Notes other than Class A-1 Senior Notes (excluding any Notes or beneficial interests in Notes held by any Co-Issuer or any Affiliate of any Co-Issuer). 
 “Majority of Senior Noteholders” means Senior Noteholders holding in
excess of 50% of the sum of (i) the Class A-1 Senior Notes Voting Amount with respect to each Series of Class A-1 Senior Notes Outstanding and
(ii) the Outstanding Principal Amount of each Series of Senior Notes other than Class A-1 Senior Notes (excluding any Senior Notes or beneficial interests in Senior Notes held by any Co-Issuer or any Affiliate of any Co-Issuer). 
 “Managed
Assets” means the assets which the Manager has agreed to service pursuant to the Management Agreement in accordance with the standards and the procedures described therein. 

“Management Agreement” means the Amended and Restated Management Agreement, dated as of the Closing Date, by and among DPL,
as Manager, the Canadian Manufacturer, each of the Securitization Entities and the Trustee, as amended, supplemented or otherwise modified from time to time. 

“Management Standard” has the meaning set forth in the Management Agreement. 

“Manager” means DPL, as Manager, under the Management Agreement, and any successor thereto. 

“Manager Advances” has the meaning set forth in the Management Agreement. 

“Manager Advances Reimbursement Amount” means, as of any date, the amount of any unreimbursed Manager Advances made in
respect of any Asset Disposition that has been consummated on or before such date and the proceeds thereof have been deposited into any Concentration Account or the Collection Account on or before such date. 

  
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 “Manager Termination Event” means the occurrence of an event specified in
Section 6.1 of the Management Agreement. 
 “Manufacturing and Distribution Center Mortgages” means the Mortgages
required to be prepared, executed and delivered by the Domestic Distribution Real Estate Holder to the Trustee (for the benefit of the Secured Parties) to hold in escrow with respect to each owned Domestic Manufacturing and Distribution Center. 

“Manufacturing and Distribution Centers” means the dough manufacturing and supply chain centers, the thin crust manufacturing
center, the vegetable processing center and the equipment and supply center located in the United States and Canada. 
 “Master
Issuer” means Domino’s Pizza Master Issuer LLC, a Delaware limited liability company, and its successors and assigns. 

“Master Issuer Certificate of Formation” means the certificate of formation of the Master Issuer, dated as of March 2,
2007, as amended, supplemented or otherwise modified from time to time. 
 “Master Issuer Charter Documents” means the
Master Issuer Certificate of Formation and the Master Issuer Operating Agreement. 
 “Master Issuer IP License Agreement”
means the Master Issuer IP License Agreement entered into as of the Series 2007-1 Closing Date, by and between the Master Issuer and the IP Holder, as may be amended, supplemented or otherwise modified from
time to time. 
 “Master Issuer Operating Agreement” means the Second Amended and Restated Limited Liability Company
Agreement of the Master Issuer, dated as of March 15, 2012, as further amended, supplemented or otherwise modified from time to time. 

“Master Issuer Domestic Distribution Contribution Agreements” means the contribution agreements dated as of the Closing Date
by and between (a) the Master Issuer and the Domestic Distributor and (b) the Master Issuer and the Domestic Franchisor. 

“Master Issuer Overseas Contribution Agreements” means the contribution agreements dated as of the Closing Date by and
between (a) the Master Issuer and International Franchisor and (b) the Master Issuer and the IP Holder. 
 “Master Issuer
Securitization Subs” means the IP Holder, the Domestic Distributor, the Canadian Distributor, the Domestic Franchisor, the International Franchisor, the SPV Canadian Holdco, the Domestic Distribution Equipment Holder and the Domestic
Distribution Real Estate Holder. 

  
 -49- 

 “Material Adverse Effect” means, with respect to any occurrence, event or
condition, individually or in the aggregate, and including, without limitation, any previously undisclosed environmental liability: 

(a)    a material adverse effect on the ability of the Co-Issuers to perform their
payment and other obligations with respect to the Base Indenture and the Notes, the ability of the Guarantors to perform their payment and other obligations under the Global G&C Agreement or the ability of the Manager to perform its obligations
pursuant to the Management Agreement; 
 (b)    a material adverse effect on the ability of any Domino’s Entity to
perform its material obligations under any of the Related Documents; 
 (c)    a material adverse change in or effect on
(i) the enforceability of any material terms of the Collateral Franchise Documents taken as a whole, (ii) the likelihood of the payment of all amounts due and payable by the Domestic Franchisees and International Franchisees under the
terms of the Collateral Franchise Documents taken as a whole or (iii) the value of the Collateral Franchise Documents and/or the Retained Collections payable under the Collateral Franchise Documents taken as a whole; 

(d)    a material adverse change in or effect on (i) the enforceability of the Domino’s IP taken as a whole or
any material part of the Domino’s IP, (ii) the value of the Domino’s IP taken as a whole, (iii) the transferability of any material portion of the Domino’s IP to the IP Holder or the ownership thereof by the IP Holder or any
Additional IP Holder or (iv) the validity, status, perfection or priority of the Lien in favor of the Trustee in any material part of the Domino’s IP required under the Base Indenture; or 

(e)    a material adverse effect on (i) the validity or enforceability of any Related Document or the rights and
remedies of the Co-Issuers, the Guarantors, the Servicer, the Control Party, the Trustee or the Controlling Class Representative under or with respect to any Related Document or (ii) the validity,
status, perfection or priority of the Lien of the Trustee in any material portion of the Collateral. 
 “Memorandum of
Association” means, with respect to any corporation or unlimited company and any time, the memorandum of association or such similar documents of such unlimited company in effect at such time. 

“Monthly Distributor Profit Adjustment Amount” means, for any Monthly Distributor Profit Period, the result (whether a
positive or negative number) of (a) the Actual Monthly Distributor Profit Amount for such Monthly Distributor Profit Period minus (b) the aggregate of the Estimated Weekly Distributor Profit Amounts for each Weekly Collection Period
in such Monthly Distributor Profit Period. 
 “Monthly Distributor Profit Certificate” has the meaning set forth in
Section 4.1(k) of the Base Indenture. 
 “Monthly Distributor Profit Period” means each period
from and including the first day of each Fiscal Period of the Securitization Entities to and including the last day of such Fiscal Period. 

“Moody’s” means Moody’s Investors Service, Inc. or any successor thereto. 

  
 -50- 

 “Mortgage” means, a mortgage, deed of trust, deed to secure debt or any
other deed or agreement, granting a Lien on any real property to evidence a specified obligation. 
 “Mortgage Recordation
Event” means the occurrence of any Rapid Amortization Event (unless such Mortgage Recordation Event is waived by the Control Party, acting at the direction of the Controlling Class Representative). 

“Mortgage Recordation Fees” means any fees, taxes or other amounts required to be paid to any applicable Governmental
Authority, or any expenses incurred by the Trustee, in connection with the recording of any Manufacturing and Distribution Center Mortgages as required by the Base Indenture. 

“Multiemployer Plan” means any “multiemployer plan” as defined in Section 4001 of ERISA. 

“Net Cash Flow” means, for any Quarterly Payment Date and the immediately preceding Quarterly Collection Period an amount
equal to the excess, if any, of (a) Retained Collections with respect to such Quarterly Collection Period over (b) the sum of (i) the Securitization Operating Expenses paid on each Weekly Allocation Date with respect to such
Quarterly Collection Period, plus (ii) the Weekly Management Fee (adjusted on a pro forma basis to account for changes in the management fees as of the Closing Date) paid on each Weekly Allocation Date to the Manager with respect to such
Quarterly Collection Period, plus (iii) all payments of PULSE Maintenance Fees and Technology Fees to the Manager during such Quarterly Collection Period, plus (iv) the Servicing Fees, Liquidation Fees, and Workout Fees paid
to the Servicer on each Weekly Allocation Date with respect to such Quarterly Collection Period, plus (v) the amount of Class A-1 Senior Notes Administrative Expenses paid on each Weekly
Allocation Date with respect to such Quarterly Collection Period, plus (vi) all Investment Income to the extent such Investment Income has been distributed to the Collection Account and is included in Quarterly Retained Collections with
respect to such Quarterly Collection Period, plus (vii) the amount, if any, by which Retained Collections Contributions included in such Quarterly Retained Collections exceeds the relevant amount of Retained Collections Contributions
permitted to be included in Net Cash Flow pursuant to Section 5.16 of the Base Indenture; provided, that funds released from the Cash Trap Reserve Account shall not constitute Retained Collections for purposes of
this definition. 
 “New Domestic Franchise Arrangements” has the meaning set forth on Schedule I attached hereto. 

“New Franchise Arrangements” has the meaning set forth on Schedule I attached hereto. 

“New International Franchise Arrangements” has the meaning set forth on Schedule I attached hereto. 

“New Overseas Franchise Arrangements” has the meaning set forth on Schedule I attached hereto. 

“New Requirements Agreements” has the meaning set forth on Schedule I attached hereto. 

  
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 “New Series Pro Forma DSCR ” means, at any time of determination on and
after the Springing Amendments Implementation Date and with respect to the issuance of any additional Series of Notes, the ratio calculated by dividing (a) the Adjusted Net Cash Flow over the four (4) immediately preceding Quarterly
Collection Periods over (b) the Debt Service due with respect to such period, in each case on a pro forma basis, calculated as if (i) such additional Series of Notes had been outstanding and any assets acquired with the proceeds of such
additional Series of Notes had been acquired at the commencement of such period and (ii) any Notes that have been paid, prepaid or repurchased and cancelled during such period, or any Notes that will be paid, prepaid or repurchased and
cancelled using the proceeds of such issuance, were so paid, prepaid or repurchased and cancelled as of the commencement of such period. 

“New Series Pro Forma Quarterly DSCR” means, at any time of determination and with respect to the issuance of any additional
Series of Notes or the issuance of any Additional Class A-1 Senior Notes, the ratio calculated by dividing (a) the Adjusted Net Cash Flow over the immediately preceding Quarterly Collection Period
over (b) the Debt Service for the related Quarterly Payment Date, in each case on a pro forma basis, calculated as if (i) such additional Series of Notes or Additional Class A-1 Senior Notes had
been outstanding and any assets acquired with the proceeds of such additional Series of Notes or Additional Class A-1 Senior Notes had been acquired at the commencement of such period and (ii) any
Notes that have been paid, prepaid or repurchased and cancelled during such period, or any Notes that will be paid, prepaid or repurchased and cancelled using the proceeds of such issuance, were so paid, prepaid or repurchased and cancelled as of
the commencement of such period. 
 “New Third-Party License Agreements” has the meaning set forth on Schedule I attached
hereto. 
 “New Third-Party Supply Agreements” has the meaning set forth on Schedule I attached hereto. 

“New York UCC” has the meaning set forth in Section 5.8(b) of the Base Indenture. 

“Nonrecoverable Advance” means any portion of an Advance previously made and not previously reimbursed, or proposed to be
made, which, together with any then- outstanding Advances and the interest accrued or that would reasonably be expected to accrue thereon, in the reasonable, good faith judgment of the Servicer or the Trustee, as applicable, would not be ultimately
recoverable from subsequent payments or collections from any funds on deposit in the Concentration Accounts and the Collection Account, giving due consideration to allocations and disbursements of funds in such accounts and the limited assets of the
Securitization Entities. 
 “Non-Securitization Debt” means debt incurred by a Non-Securitization Entity. 
 “Non-Securitization
Entity” means any Domino’s Entity that is not a Securitization Entity. 
 “Note Owner” means, with respect to
a Book-Entry Note, the Person who is the beneficial owner of such Book-Entry Note, as reflected on the books of the Clearing Agency that holds such Book-Entry Note, or on the books of a Person maintaining an account with such Clearing Agency
(directly or as an indirect participant, in accordance with the rules of such Clearing Agency). 

  
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 “Note Owner Certificate” has the meaning specified in
Section 11.5(b) of the Base Indenture. 
 “Note Rate” means, with respect to any Series or any
Class of any Series of Notes, the annual rate at which interest (other than contingent additional interest) accrues on the Notes of such Series or such Class of such Series of Notes (or the formula on the basis of which such rate will be
determined) as stated in the applicable Series Supplement. 
 “Note Register” means the register maintained pursuant to
Section 2.5(a) of the Base Indenture, providing for the registration of the Notes and transfers and exchanges thereof. 

“Noteholder” and “Holder” means the Person in whose name a Note is registered in the Note Register. 

“Notes” has the meaning specified in the recitals to the Base Indenture. 

“Notes Discharge Date” means, with respect to any Class or Series of Notes, the first date on which such Class or
Series of Notes is no longer Outstanding. 
 “Obligations” means (a) all principal, interest and premium, if any, at
any time and from time to time, owing by the Co-Issuers on the Notes or owing by the Guarantors pursuant to the Global G&C Agreement, (b) the payment and performance of all other obligations,
covenants and liabilities of the Co-Issuers or the Guarantors arising under the Indenture, the Notes, any other Indenture Document, the Back-Up Management Agreement or
the Servicing Agreement or of the Guarantors under the Global G&C Agreement and (c) the obligation of the Co-Issuers to pay all Trustee Fees and Mortgage Recordation Fees to the Trustee when due and
payable as provided in the Indenture. 
 “Officer’s Certificate” means a certificate signed by an Authorized Officer
of the applicable Securitization Entity. 
 “Omitted Payable Sums Certification” has the meaning set forth in the Servicing
Agreement. 
 “Open Domino’s Store” means, as of the date of determination, each Store and each Company-Owned Store
located anywhere in the world that is open for business as of such date; provided, however, that with respect to any Store that is not open year-round and has, or is expected to have, less than $100,000 of Gross Sales during the next twelve
months, such Store will not be deemed to be an “Open Domino’s Store.” 
 “Operating Agreements” means any or
collectively, depending on the context in which it is used, the Co-Issuers Operating Agreements, the Domestic Franchisor Operating Agreement, the International Franchisor Certificate of Incorporation, the SPV
Guarantor Operating Agreement, the Canadian Distributor Memorandum of Association, the Domestic Distribution Real Estate Holder Operating Agreement, the Domestic Distribution Equipment Holder Operating Agreement and any Additional Securitization
Entity Operating Agreement. 

  
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 “Opinion of Counsel” means a written opinion addressed to the Trustee from
legal counsel who is reasonably acceptable to the Trustee and the Control Party. The counsel may be an employee of, or counsel to, the Securitization Entities, Holdco, DPL, the Manager or the Back-Up Manager,
as the case may be. 
 “Organizational Expenses” means any expenses incurred by any Securitization Entity in connection
with (a) the maintenance of its existence in the State of Delaware or in any other state, province or country in which a Securitization Entity is organized and (b) its qualification to do business in any state, province or country. 

“Other Collections” means any amounts deposited into a Concentration Account that are not readily identifiable as Franchisee
Payments, Company-Owned Stores License Fees, Third-Party License Fees, Product Purchase Payments, Co-Issuers Insurance Proceeds, Asset Disposition Proceeds, Excluded Amounts, Retained Collections
Contributions, Indemnification Payments or Investment Income earned with respect to amounts on deposit in any Concentration Account and any fees paid by a Non-Securitization Entity to compensate the Co-Issuers for the cost of the issuance and maintenance of any Holdco Letter of Credit. 
 “Other
Franchise Fees” means any fees other than Continuing Franchise Fees, Initial Franchise Fees, Advertising Fees, Technology Fees, PULSE Maintenance Fees or PULSE License Fees that are paid by Domestic Franchisees or International Franchisees
to the entity that serves as “franchisor” of the Domino’s Brand or any Future Brand in connection with operating a Store. 

“Other Legacy Account” means, on or after the date that any Class or Series of Notes issued pursuant to the Base
Indenture is no longer Outstanding, any account maintained by the Trustee to which funds have been allocated in accordance with the Priority of Payments for the payment of interest, fees or other amounts in respect of such Class or Series of
Notes. For the avoidance of doubt, the Series 2007-1 Legacy Accounts shall not constitute Other Legacy Accounts. 

“Outstanding” means with respect to the Notes, all Notes theretofore authenticated and delivered under the Indenture, except
(a) Notes theretofore cancelled or delivered to the Registrar for cancellation, (b) Notes which have not been presented for payment but funds for the payment of which are on deposit in the appropriate account and are available for payment
in full of such Notes and (c) Notes in exchange for or in lieu of other Notes which have been authenticated and delivered pursuant to the Indenture unless proof satisfactory to a Trust Officer is presented that any such Notes are held by a
purchaser for value. 
 “Outstanding Principal Amount” means, with respect to each Series of Notes, the amount calculated
in accordance with the applicable Series Supplement. 
 “Overseas Contribution Agreements” means the Overseas Franchisor
Contribution Agreement and the Overseas IP Holder Contribution Agreement. 

  
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 “Overseas Countries” means countries world-wide other than
(i) countries in the Domestic Territory and (ii) the Included Countries. 
 “Overseas Conveyed Assets” means the
Overseas IP and the Overseas Franchise Arrangements. 
 “Overseas Distribution and Contribution Agreements” means
(a) the Overseas Franchisor Contribution Agreement, (b) the Overseas Franchisor Distribution Agreement, (c) the Overseas IP Holder Contribution Agreement, (d) the Overseas IP Holder Distribution Agreement, (e) the Overseas
GP and Overseas LP Distribution Agreement, (f) the Overseas IP Holder LLC Distribution Agreement and (g) the Master Issuer Overseas Contribution Agreements. 

“Overseas Entity” means the Overseas Franchisor, the Overseas IP Holder, the Overseas GP, the Overseas LP or Domino’s
Overseas LP Inc., a Delaware corporation. 
 “Overseas Franchise Arrangements” mean, collectively, all Pre-Securitization Overseas Franchise Arrangements, all Post-Securitization Overseas Franchise Arrangements and all Post-Closing Overseas Franchise Arrangements; provided that, for purposes of any of the
Contribution and Sale Agreements, “Overseas Franchise Arrangements” shall have the meaning set forth on Schedule I attached hereto. 

“Overseas Franchisee” means any Franchisee who is a party to an Overseas Franchise Arrangement. 

“Overseas Franchisor” means Domino’s Pizza Overseas Franchising B.V., a private company with limited liability (besloten
vennootschapmet beperkte aansprakelijleheid), incorporated under the laws of the Netherlands, and its successors and assigns. 

“Overseas Franchisor Asset Sale and IP License Agreement” means the Overseas Franchisor Asset Sale and IP License Agreement,
dated as of the Series 2007-1 Closing Date, by and between the Overseas IP Holder and the Overseas Franchisor, as amended, restated or otherwise modified from time to time. 

“Overseas Franchisor Contribution Agreement” means the contribution agreement dated as of the Closing Date by and between the
Overseas Franchisor and Overseas Franchisor LLC. 
 “Overseas Franchisor Charter Documents” means the Deed of Incorporation
of a Private Company with Limited Liability of the Overseas Franchisor, filed with the Trade Register of the Amsterdam Chambers of Commerce on March 29, 2007. 

“Overseas Franchisor Distribution Agreement” means the distribution agreement, dated as of the Closing Date, by and between
the Overseas Franchisor and the Overseas IP Holder. 
 “Overseas Franchisor Pledge Agreement” means the Overseas Franchisor
Pledge Agreement, dated as of April 12, 2007, by and between the Overseas Franchisor and the Overseas IP Holder, as amended, supplemented or otherwise modified from time to time. 

  
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 “Overseas GP” means Domino’s Overseas GP Inc., a Delaware corporation,
and its successors and assigns. 
 “Overseas GP and Overseas LP Distribution Agreement” means the distribution agreement,
dated as of the Closing Date, by and among the Overseas GP, the Overseas LP and DPL. 
 “Overseas IP” means the Know-How specific to the operation of Stores and Franchise Arrangements in the Overseas Countries (but not including any Patents, Copyrights or Trademarks) licensed to the Overseas IP Holder pursuant to the Overseas
IP Holder Asset Sale and IP License Agreement. For the avoidance of doubt, the Overseas IP does not include any After-Acquired Overseas IP; provided that, for purposes of any of the Contribution and Sale Agreements, “Overseas IP”
shall have the meaning set forth in Annex A to the 2007 Base Indenture. 
 “Overseas IP Holder” means Domino’s
Overseas IP Holder C.V., a limited partnership (commanditaire vennootschap), established and existing under the laws of the Netherlands, and its successors and assigns. 

“Overseas IP Holder Asset Sale and IP License Agreement” means the Overseas IP Holder Asset Sale and IP License Agreement,
dated as of April 12, 2007, by and between the IP Holder (as successor in interest to PMC LLC) and the Overseas IP Holder, as amended, restated, or otherwise modified from time to time. 

“Overseas IP Holder Certificate of Registration” means the certificate of registration, filed with the Trade Register of the
Rotterdam Chambers of Commerce on March 23, 2003. 
 “Overseas IP Holder Charter Documents” means the Overseas IP
Holder Certificate of Registration and the Overseas IP Holder Operating Agreement. 
 “Overseas IP Holder Contribution
Agreement” means the contribution agreement dated as of the Closing Date, by and between the Overseas IP Holder and the Overseas IP Holder LLC. 

“Overseas IP Holder Distribution Agreement” means the distribution agreement dated as of the Closing Date, by and among the
Overseas IP Holder, the Overseas GP and the Overseas LP. 
 “Overseas IP Holder IP License Agreement” means the Overseas IP
Holder IP License Agreement, dated April 12, 2007, by and between the IP Holder (as successor in interest to PMC LLC) and the Overseas IP Holder, as amended, supplemented or otherwise modified from time to time. 

“Overseas IP Holder LLC Distribution Agreement” means the distribution agreement dated as of the Closing Date by and between
the Overseas IP Holder LLC and the Master Issuer. 
 “Overseas IP Holder Operating Agreement” means the Limited Partnership
Agreement of the Overseas IP Holder, dated as of March 22, 2007. 

  
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 “Overseas IP Holder Pledge Agreement” means the Overseas IP Holder Pledge
Agreement, dated as of April 12, 2007, by and among, PMC Inc., DPI and the Overseas IP Holder, as amended, supplemented or otherwise modified from time to time. 

“Overseas LP” means Domino’s CV LLC, a Delaware limited liability company, and its successors and assigns. 

“Overseas Payments” has the meaning set forth on Schedule I attached hereto. 

“Parent Company Support Agreement” means the Parent Company Support Agreement, dated as of the Closing Date, by Holdco in
favor of the Trustee, as amended, supplemented or otherwise modified from time to time. 
 “Patents” means all United
States and non-U.S. patents and inventions claimed therein, patent applications, divisions, continuations, continuations-in-part,
provisional patent applications, and reissues thereof. 
 “Paying Agent” has the meaning specified in
Section 2.5(a) of the Base Indenture. 
 “Perfected Country” means any of the United States or
other country: (a) with respect to which one or more filings have been made to perfect the Trustee’s security interest in the Domino’s IP registered in such jurisdiction and such perfection has been confirmed by an Opinion of Counsel;
or (b) that has been deemed to qualify as a Perfected Country pursuant to Section 8.25(d) of the Base Indenture. 

“Perfection Ratio” means (a) the aggregate Gross Royalty Stream in respect of the Perfected Countries divided by
(b) the aggregate Gross Royalty Stream in respect of the United States and the Included Countries. 
 “Permitted Asset
Dispositions” has the meaning set forth in Section 8.16 of the Base Indenture. 
 “Permitted
Distribution Asset Disposition” means (i) the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction) of any real property, whether now owned or hereafter acquired; (ii) the termination
of any equipment leases; (iii) the termination of any leases, subleases or licenses of any leased real property; (iv) dispositions of obsolete or worn out property in the ordinary course of business and dispositions of property (including
Intellectual Property) no longer used or useful in the conduct of the business of the Securitization Entities; and (v) transfers constituting Permitted Liens; in each case, excluding any Real Estate Disposition. 

“Permitted Investments” means (a) time deposits with, or insured certificates of deposit or bankers’ acceptances
of, any commercial bank or trust company that (i) is organized under the laws of the United States of America, any state thereof or the District of Columbia or is the principal banking subsidiary of a bank holding company organized under the
laws of the United States of America, any state thereof or the District of Columbia, and is a member of the Federal Reserve System, (ii) whose short-term debt is rated at least “P-1” (or then
equivalent grade) by Moody’s and at least “A-1+” (or then equivalent grade) by S&P and (iii) has combined capital 

  
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and surplus of at least $1,000,000,000, in each case with maturities of not more than one (1) year from the date of acquisition thereof; (b) readily marketable obligations issued or
directly and fully guaranteed or insured by the United States of America or any agency or instrumentality thereof having maturities of not more than one (1) year from the date of acquisition thereof; provided that the full faith and credit of
the United States of America is pledged in support thereof; (c) commercial paper issued by any Person organized under the laws of any state of the United States of America and rated at least
“P-1” (or the then equivalent grade) by Moody’s and at least “A-1+” (or the then equivalent grade) by S&P, with maturities of not more than
180 days from the date of acquisition thereof; (d) repurchase obligations with a term of not more than thirty (30) days for underlying securities of the type described in clauses (a) and (b) above entered into with any financial
institution meeting the qualifications specified in clause (a) above, (e) investments, classified in accordance with GAAP as current assets of the relevant Person making such investment, in money market investment programs registered under the
Investment Company Act, which have the highest rating obtainable from Moody’s and S&P, and the portfolios of which are invested primarily in investments of the character, quality and maturity described in clauses (a) through (d) of
this definition and (f) with respect to any account held at an institution outside of the United States investments of the character, quality and maturity described in clauses (a) through (d) of this definition (except that such
investments (i) may be issued by, or held with, a foreign government or a Person organized under the laws of a foreign country and (ii) need not be rated by Moody’s or S&P). Notwithstanding the foregoing, all Permitted Investments
must either (A) be at all times available for withdrawal or liquidation at par (or for commercial paper issued at a discount, at the applicable purchase price) or (B) mature on or prior to the Business Day prior to the immediately
succeeding Quarterly Payment Date. 
 “Permitted Liens” means (a) Liens for (i) Taxes, assessments or other
governmental charges not delinquent or (ii) Taxes, assessments or other charges being contested in good faith and by appropriate proceedings and with respect to which adequate reserves have been established, and are being maintained, in
accordance with GAAP, (b) all Liens created or permitted under the Related Documents in favor of the Trustee for the benefit of the Secured Parties, (c) Liens existing on the Closing Date, which will be released on such date,
(d) deposits or pledges made (i) in connection with casualty insurance maintained in accordance with the Related Documents, (ii) to secure the performance of bids, tenders, contracts or leases, (iii) to secure statutory
obligations or surety or appeal bonds or (iv) to secure indemnity, performance or other similar bonds in the ordinary course of business of any Securitization Entity, (e) Liens of carriers, warehouses, mechanics and similar Liens, in each
case (i) in existence less than 45 days from the date of creation thereof or (ii) being contested in good faith by any Securitization Entity in appropriate proceedings (so long as such Securitization Entity has, in accordance with GAAP,
set aside on its books adequate reserves with respect thereto), (f) restrictions under federal, state or foreign securities laws on the transfer of securities, (g) Liens that constitute covenants, conditions, restrictions, easements,
encumbrances and other similar matters of record affecting title to but not adversely affecting the current occupancy or use of any owned or leased real property in any material respect; provided that, there will be no mortgages or leasehold
mortgages encumbering any Securitization Entity’s fee or leasehold title to any Domestic Manufacturing and Distribution Centers except those for the Manufacturing and Distribution Center Mortgages in favor of the Trustee for the benefit of the
Secured Parties, (h) statutory or voluntary Liens in favor of landlords, lessors or renters to secure obligations of any 

  
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Securitization Entity under real estate leases or rental agreements, which secured obligations are not delinquent or are being contested in good faith by any Securitization Entity and by
appropriate proceedings (so long as such Securitization Entity has, in accordance with GAAP, set aside on its books adequate reserves with respect thereto) and (i) Liens on Collateral that has been pledged pursuant to the Class A-1 Note Purchase Agreement with respect to letters of credit issued thereunder. 

“Person” means any natural person, corporation, business trust, joint venture, association, company, partnership, limited
liability company, joint stock company, trust, unincorporated organization or Governmental Authority or other entity. 

“PFS” means Progressive Food Solutions LLC, a Michigan limited liability company, and its successors and assigns. 

“PFS Contribution Agreement” means the contribution agreement, dated as of the Closing Date, by and between PFS and the
Domestic Distribution Equipment Holder. 
 “PFS Distribution Agreement” means the distribution agreement, dated as of the
Closing Date, by and between PFS and DPL, as may be amended or supplemented from time to time. 
 “PFS Product Purchase and
Distribution Sub-Management Agreement” means the product purchase and distribution agreement, dated as of the Closing Date, by and between PFS and the Manager, as may be amended or supplemented from
time to time. 
 “Plan” means any “employee pension benefit plan”, as such term is defined in ERISA, which is
subject to Title IV of ERISA, including any Multiemployer Plan, or Section 412 of the Code. 
 “PMC Inc.” means
Domino’s Pizza PMC, Inc., a Michigan corporation. 
 “PMC LLC” means Domino’s Pizza PMC LLC, a Delaware limited
liability company, as successor by merger to PMC Inc., and its successors and assigns. 
 “PMC LLC Certificate of
Formation” means the certificate of formation of PMC LLC, dated as of March 5, 2007, as amended, supplemented or otherwise modified from time to time. 

“PMC LLC Charter Documents” means the PMC LLC Certificate of Formation and the PMC LLC Operating Agreement. 

“PMC LLC Operating Agreement” means the Limited Liability Company Agreement of PMC LLC, dated as of March 5, 2007, as
further amended, supplemented or otherwise modified from time to time. 
 “Post-Closing Overseas Franchise Arrangements”
means, depending on the context in which it is used, each new master franchise agreement, store franchise agreement or area development agreement entered into by the International Franchisor after the Closing Date pursuant to which a master
franchisor or area developer is given the right to franchise or a Franchisee is given the right to operate a Store(s) in an Overseas Country or the rights and obligations of the International Franchisor under each such agreement. 

  
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 “Post-Default Capped Trustee Expenses” has the meaning set forth in the
definition of “Post-Default Capped Trustee Expenses Amount.” 
 “Post-Default Capped Trustee Expenses Amount”
means an amount equal to the lesser of (a) all reasonable expenses payable by the Co-Issuer to the Trustee pursuant to the Indenture after the occurrence and during the continuation of an Event of Default
in connection with any obligations of the Trustee in connection with such Event of Default so long as such expenses are not a part of the Capped Securitization Operating Expenses Amount (“Post-Default Capped Trustee
Expenses”) and (b) the amount by which (i) $100,000 exceeds (ii) the aggregate amount of Post-Default Capped Trustee Expenses previously paid on each Weekly Allocation Date that occurred in the annual period (measured from the
Closing Date to the anniversary thereof and from each anniversary thereof to the next succeeding anniversary thereof) in which such Weekly Allocation Date occurs. 

“Post-Securitization Domestic Franchise Arrangements” means, all franchise agreements, license agreements, development
agreements, area agreements, or similar agreements in the Domestic Territory and relating to Franchised Stores that have been entered into or renewed since the Series 2007-1 Closing Date (together with any
Franchisee Promissory Notes issued in respect thereof). 
 “Post-Securitization Franchise Arrangements” means,
collectively, the Post-Securitization Domestic Franchise Arrangements and the Post-Securitization International Franchise Arrangements. 

“Post-Securitization International Franchise Arrangements” means International Franchise Arrangements entered into by the
International Franchisor (a) with respect to the period from the Series 2007-1 Closing Date to the Closing Date in the International Territory other than the Overseas Countries, and (b) after the
Closing Date in the International Territory. 
 “Post-Securitization Overseas Franchise Arrangements” means all master
franchise agreements, store franchise agreements, area development agreements, or similar agreements related to Franchised Stores for the Overseas Countries entered into after the Series 2007-1 Closing Date up
to the Closing Date. 
 “Potential Manager Termination Event” means any occurrence or event which, with the giving of
notice, the passage of time or both, would constitute a Manager Termination Event. 
 “Potential Rapid Amortization Event”
means any occurrence or event which, with the giving of notice, the passage of time or both, would constitute a Rapid Amortization Event. 

“PPSA” means the Nova Scotia Personal Property Security Act as in effect from time to time. 

  
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 “Prepayment Premium” means, with respect to any Series of Notes, the
premium to be paid on any prepayment of principal with respect to such Series of Notes, identified as a “Prepayment Premium” pursuant to the applicable Series Supplement. 

“Pre-Securitization Contribution and Sale Agreements” means, collectively, the IP
Assets Contribution Agreement, the IP Holder Equity Interests Distribution Agreement, the Canadian Distribution Assets Sale Agreement, the Holding Companies Contribution Agreement and the DPL Contribution and Sale Agreement. 

“Pre-Securitization Domestic Franchise Arrangements” means all master franchise
agreements, store franchise agreements, area development agreements and similar agreements related to Franchised Stores for the Domestic Territory entered into prior to the Series 2007-1 Closing Date. 

“Pre-Securitization International Franchise Arrangements” means International
Franchise Arrangements operated or under development in the International Territory other than in the Overseas Countries entered into prior to the Series 2007-1 Closing Date. 

“Pre-Securitization Overseas Franchise Arrangements” means all master franchise
agreements, store franchise agreements, area development agreements and similar agreements related to Franchised Stores operated or under development in the Overseas Countries entered into prior to the Series
2007-1 Closing Date. 
 “Prime Rate” means the rate of interest publicly announced
from time to time by a commercial bank mutually agreed upon by Holdco and the Servicer as its reference rate, base rate or prime rate. 

“Principal Amount” means, with respect to each Series of Notes, the amount specified in the applicable Series Supplement.

 “Principal and Interest Account Excess Amount” means, as of any date of determination, the excess, if positive, of
(A) the aggregate amount of cash and Permitted Investments of the Securitization Entities credited to the Senior Notes Interest Account, the Senior Subordinated Notes Interest Account, the Subordinated Notes Interest Account, the Senior Notes
Principal Payment Account, the Senior Subordinated Notes Principal Payment Account and the Subordinated Notes Principal Payment Account as of the end of the most recently ended Quarterly Collection Period over (B) the aggregate of (I) the
sum of the Quarterly Interest for the Quarterly Payment Date immediately following such Quarterly Collection Period with respect to each Class of Senior Notes Outstanding, each Class of Senior Subordinated Notes Outstanding and each
Class of Subordinated Notes Outstanding and (II) the sum of the Scheduled Principal Payments that are required to be made on such Quarterly Payment Date with respect to each Class of Senior Notes Outstanding, each Class of Senior
Subordinated Notes Outstanding and each Class of Subordinated Notes Outstanding. 
 “Principal Payments Account” means
any of the following accounts: (i) the Senior Notes Principal Payments Account; (ii) the Senior Subordinated Notes Principal Payments Account; or (iii) the Subordinated Notes Principal Payments Account. 

  
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 “Principal Terms” has the meaning specified in
Section 2.3 of the Base Indenture. 
 “Priority of Payments” means the allocation and payment
obligations described in Section 5.11 of the Base Indenture as supplemented by the allocation and payment obligations with respect to each Series of Notes described in each Series Supplement. 

“Proceeding” means any suit in equity, action at law or other judicial or administrative proceeding. 

“Proceeds” has the meaning specified in Section 9-102(a)(64) of the applicable
UCC. 
 “Product Purchase Agreements” means the Product Purchase and Distribution Agreement, the PFS Product Purchase and
Distribution Sub-Management Agreement, the Canadian Manufacturer Product Purchase Agreement and any other agreements entered into by any Distributor and any other Domino’s Entity to manufacture, supply or
process Products for sale to any Distributor for re-sale to Franchisees, owners of Company-Owned Stores or any other Persons. 

“Product Purchase and Distribution Agreement” means the agreement entered into on the Closing Date by and among the Domestic
Distributor, the Domestic Distribution Real Estate Holder, the Master Issuer and the Domestic Distribution Equipment Holder for the manufacture and supply of products for re-sale to certain Franchisees, owners
of Company- Owned Stores or any other Persons. 
 “Product Purchase Payments” means any payment received in connection with
the sale of any Products by any Distributor to any Franchisee, DPL, as the owner of Company- Owned Stores, or any other Person whether pursuant to a Requirements Agreement or otherwise. 

“Product Supply Payment” means any payment for the Products that is due and payable collectively by the Master Issuer, the
Domestic Distribution Real Estate Holder and the Domestic Distribution Equipment Holder to DPL pursuant to the Management Agreement. 

“Products” means any good sold by any Distributor to a Franchisee, DPL, as the owner of Company-Owned Stores, or any other
Person pursuant to a Requirements Agreement or otherwise. 
 “PTO” means the United States Patent and Trademark Office.

 “PULSE and Technology Fees Concentration Account” means the account maintained in the name of the Master Issuer or the
Domestic Distributor and pledged to the Trustee into which the Manager causes PULSE License Fees, Technology Fees and PULSE Maintenance Fees to be deposited or any successor account established for the Master Issuer or the Domestic Distributor by
the Manager for such purpose pursuant to Section 5.1 of the Base Indenture and the Management Agreement, including any investment accounts related thereto into which funds are transferred for investment purposes pursuant to
Section 5.1(b) of the Base Indenture. 
 “PULSE and Technology Fees Concentration Account Control
Agreement” means the Account Control Agreement governing the PULSE and Technology Fees Concentration Account 

  
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entered into by and among the Master Issuer and/or the Domestic Distributor, the Manager, the Trustee and the bank or other financial institution then holding the PULSE and Technology Fees
Concentration Account (which Account Control Agreement shall be reasonably acceptable to the Trustee, it being understood that the PULSE and Technology Fees Concentration Account Control Agreement in effect on the Closing Date is so acceptable to
the Trustee). 
 “PULSE Assets” means all Intellectual Property and license agreements related to the Domino’s PULSETM System listed in Schedule 1.1(c) of the DPL Contribution and Sale Agreement. 

“PULSE License Fees” means all license fees owed by any Franchisee in connection with the Domino’s PULSETM system installed in any Store owned and operated by such Franchisee in accordance with the applicable license agreement. 

“PULSE Maintenance Fees” means all amounts owed by any Franchisee in connection with the maintenance of the Domino’s
PULSETM system installed in any Store owned and operated by such Franchisee. 

“Qualified Institution” means a depository institution organized under the laws of the United States of America or any state
thereof or incorporated under the laws of a foreign jurisdiction with a branch or agency located in the United States of America or any state thereof and subject to supervision and examination by federal or state banking authorities that at all
times has the Required Rating and, in the case of any such institution organized under the laws of the United States of America, whose deposits are insured by the FDIC. 

“Qualified Trust Institution” means an institution organized under the laws of the United States of America or any state
thereof or incorporated under the laws of a foreign jurisdiction with a branch or agency located in the United States of America or any state thereof and subject to supervision and examination by federal or state banking authorities that at all
times (i) is authorized under such laws to act as a trustee or in any other fiduciary capacity, (ii) has capital, surplus and undivided profits of not less than $250,000,000 as set forth in its most recent published annual report of
condition and (iii) has a long term deposits rating of not less than “Baa1” by Moody’s and “BBB+” by S&P. 

“Quarterly Collection Period” means each period as set forth on Schedule II to this Annex A, commencing with the period from
and including the Closing Date to and including March 25, 2012. 
 “Quarterly Interest Amounts” means the Senior Notes
Quarterly Interest, the Senior Subordinated Notes Quarterly Interest or the Subordinated Notes Quarterly Interest, as applicable. 

“Quarterly DSCR” means for any Quarterly Payment Date and the immediately preceding Quarterly Collection Period, the ratio
(without rounding) of (a) an amount equal to the Adjusted Net Cash Flow for the Quarterly Collection Period preceding such Quarterly Payment Date, to (b) an amount equal to Debt Service for such Quarterly Payment Date. 

  
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 “Quarterly Manager’s Certificate” has the meaning specified in
Section 4.1(b) of the Base Indenture. 
 “Quarterly Noteholders’ Statement” means, with
respect to any Series of Notes, a statement substantially in the form of an Exhibit C to the applicable Series Supplement. 

“Quarterly Payment Date” means, unless otherwise specified in any Series Supplement for the related Series of Notes, the 25th
day of each of the following calendar months: January, April, July and October, or if such date is not a Business Day, the next succeeding Business Day, commencing on April 25, 2012. Any reference to a Quarterly Collection Period relating to a
Quarterly Payment Date means the Quarterly Collection Period most recently ended prior to such Quarterly Payment Date, and any reference to an Interest Period relating to a Quarterly Payment Date means the Interest Period most recently ended prior
to such Quarterly Payment Date. 
 “Quarterly Retained Collections” means with respect to any Quarterly Collection Period,
the aggregate amount of Retained Collections deposited into the Collection Account during such Quarterly Collection Period. 

“Rapid Amortization DSCR Threshold” means a Quarterly DSCR or, on and after the Springing Amendments Implementation Date, the
DSCR, equal to 1.2x. 
 “Rapid Amortization Event” has the meaning specified in Section 9.1 of
the Base Indenture. 
 “Rapid Amortization Period” means the period commencing on the date on which a Rapid Amortization
Event occurs and ending on the earlier to occur of the waiver of the occurrence of such Rapid Amortization Event in accordance with Section 9.7 of the Base Indenture and the date on which there are no Notes Outstanding.

 “Rating Agency” with respect to any Series of Notes, has the meaning specified in the applicable Series Supplement. 

“Rating Agency Condition” with respect to any Series of Notes, has the meaning specified in the applicable Series Supplement.

 “Rating Agency Fees” means any reasonable fees or expenses due to the Rating Agencies in connection with rating any
Series or Class of Notes. 
 “Real Estate Disposition” means a disposition of any owned real property in connection
with the owned Manufacturing and Distribution Centers. 
 “Real Estate Disposition Proceeds” means the amount of net cash
proceeds received by the Domestic Distribution Real Estate Holder from any Real Estate Disposition (after payment of all costs and expenses related to such disposition), to the extent such proceeds are not reinvested in real property held by the
Domestic Distribution Real Estate Holder and used for production or distribution purposes within 365 days of the disposition giving rise to such proceeds. 

  
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 “Real Estate Holder Concentration Account” means the account maintained in
the name of the Master Issuer or the Domestic Distribution Real Estate Holder and pledged to the Trustee which will be used to maintain Asset Disposition Proceeds from Real Estate Dispositions, funds from the Domestic Distributor and funds deposited
therein pursuant to priority (xxxvii) of the Priority of Payments, or any successor account established for the Master Issuer or the Domestic Distribution Real Estate Holder by the Manager for such purpose pursuant to the Base Indenture and the
Management Agreement, including any investment accounts related thereto into which funds are transferred for investment purposes pursuant to Section 5.1(b) of the Base Indenture. 

“Real Estate Holder Concentration Account Control Agreement” means the Account Control Agreement governing the Real Estate
Holder Concentration Account entered into by and among the Master Issuer and/or the Domestic Distribution Real Estate Holder, the Manager, the Trustee and the bank or other financial institution then holding the Real Estate Holder Concentration
Account (which Account Control Agreement shall be reasonably acceptable to the Trustee, it being understood that the Real Estate Holder Concentration Account Control Agreement in effect on the Closing Date is so acceptable to the Trustee). 

“Real Estate Holder Concentration Account Minimum Balance” means $100,000, or such higher amount as may be established by the
Manager from time to time in its sole discretion by notice to the Servicer, the Control Party and the Back-Up Manager. 

“Record Date” means, with respect to any Quarterly Payment Date, the last day of the immediately preceding calendar month.

 “Refranchising Asset Dispositions” means any resale, transfer or other disposition of a Domestic Franchise Arrangement
or an International Franchise Arrangement that results in the replacement of a Franchise Arrangement with one or more Post-Securitization Franchise Arrangements, including, without limitation, any resale, transfer, termination or creation (or
combination thereof) of a Securitization Entity’s interest in a Domestic Franchise Arrangement or an International Franchise Arrangement. 

“Registrar” has the meaning specified in Section 2.5(a) of the Base Indenture. 

“Related Documents” means, with respect to any Series of Notes, the Indenture Documents, the Collateral Transaction
Documents, the Account Agreements, the Depository Agreements, any Variable Funding Note Purchase Agreement, any Swap Contract, any Series Hedge Agreement, any Enhancement Agreement, the DNAF Servicing Agreement and any other material agreements
entered into, or certificates delivered, pursuant to the foregoing documents. 
 “Required Rating” means (i) a
short-term certificate of deposit rating from Moody’s of “P-1” and from S&P of at least “A-1” and (ii) a long-term unsecured debt
rating of not less than “Baa1” by Moody’s and “BBB+” by S&P. 
 “Requirements Agreements”
means, collectively, any requirements or rebate agreements (including any purchase orders) entered into by a Franchisee, DPL, as the owner of Company-Owned Stores, or any other Person pursuant to which such Franchisee, DPL, as the owner of
Company-Owned Stores, or other Person purchases Products from any Distributor. 

  
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 “Requirements of Law” means, with respect to any Person or any of its
property, the certificate of incorporation or articles of association and by-laws, limited liability company agreement, partnership agreement or other organizational or governing documents of such Person or
any of its property, and any order, law, treaty, rule or regulation, or determination of any arbitrator or 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, whether federal, state, local or foreign (including, without limitation, usury laws, the U.S. Federal Truth in Lending Act and retail installment sales acts). 

“Residual Amount” means for any Weekly Allocation Date with respect to any Quarterly Collection Period the amount, if any, by
which the amount allocated to the Collection Account on such Weekly Allocation Date exceeds the sum of the amounts to be paid and/or allocated on such Weekly Allocation Date pursuant to priorities (i) through (xxxvii) of
the Priority of Payments; provided, that the amount of any Retained Collections Contribution will be held by the Master Issuer (or any other Securitization Entity other than the SPV Guarantor) for at least one full fiscal quarter after which time
that amount may be distributed by the Master Issuer to the SPV Guarantor on any Weekly Allocation Date; provided that (i) the most recent Quarterly DSCR or, on and after the Springing Amendments Implementation Date, the DSCR, was at least equal
to the Cash Trapping DSCR Threshold without giving effect to the inclusion of such Retained Collections Contribution and (ii) such Retained Collections Contribution is not required to pay any shortfall in the amounts payable under priorities
(ii) through (xxxvii) of the Priority of Payments, to the extent of any shortfall on such Weekly Allocation Date. 

“Residual Amounts Account” means an account owned by a Securitization Entity that is used solely for the receipt of Residual
Amounts. 
 “Retained Collections” means (a) all Collections excluding (i) Excluded Amounts and (ii) Bank
Account Expenses (solely with respect to the Concentration Accounts), (b) any Retained Collections Contributions and (c) without duplication, Weekly FCF Distributions and Weekly Distributor Profit Amounts. 

“Retained Collections Contribution” means, with respect to any Quarterly Collection Period, a cash contribution made to the
Master Issuer at any time prior to the Final Series Legal Final Maturity Date (other than a cash contribution made to the Master Issuer for the purpose of collateralizing letters of credit issued under any
Class A-1 Subfacility) in an amount no greater than $7,500,000 in any Quarterly Collection Period, not more than $15,000,000 during any period of four consecutive Quarterly Collection Periods and not more
than $30,000,000 in the aggregate from the Closing Date to the Final Series Legal Final Maturity Date, which for all purposes of the Related Documents, except as otherwise specified therein, will be treated as Retained Collections received during
such Quarterly Collection Period. 
 “Royalties Concentration Account” means, collectively, the Domestic Royalties
Concentration Account, the International Royalties Concentration Account, the Venezuelan Royalties Concentration Account, the Cayman Islands Royalties Concentration Account and any Additional Royalties Concentration Account. 

  
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 “S&P” or “Standard &
Poor’s” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., or any successor thereto. 

“Same Store Sales Comparison Information” means, with respect to any Quarterly Collection Period, a comparison of
(a) the sum of Gross Sales for each Open Domino’s Store for each day of such Quarterly Collection Period where (i) such Open Domino’s Store had Gross Sales on such day and (ii) had Gross Sales for the corresponding day in
the prior fiscal year of the Co-Issuers with (b) the sum of Gross Sales for each Open Domino’s Store for each day of the prior fiscal year of the Co-Issuers
where (i) such Open Domino’s Store had Gross Sales on such day and (ii) had Gross Sales for the corresponding day of the current fiscal year of the Co-Issuers. 

“Scheduled Principal Payments” means, with respect to any Series or any Class of any Series of Notes, any payments
scheduled to be made pursuant to the applicable Series Supplement that reduce the amount of principal Outstanding with respect to such Series or Class on a periodic basis that are identified as “Scheduled Principal Payments” in the
applicable Series Supplement. 
 “Scheduled Principal Payments Deficiency Event” means, with respect to any Quarterly
Collection Period, as of the last Weekly Allocation Date with respect to such Quarterly Collection Period, the occurrence of the following event: the amount of funds on deposit in the Senior Notes Principal Payments Account after the last Weekly
Allocation Date with respect to such Quarterly Collection Period is less than the Senior Notes Accrued Scheduled Principal Payments Amount for the next succeeding Quarterly Payment Date. 

“Scheduled Principal Payments Deficiency Notice” has the meaning specified in Section 4.1(e) of the
Base Indenture. 
 “SEC” means the United States Securities and Exchange Commission. 

“Secured Parties” means the Noteholders, each Hedge Counterparty, if any, the Trustee in its individual capacity, the
Servicer, the Control Party, the Manager and the Back-Up Manager, together with their respective successors and assigns. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Securities Intermediary” has the meaning set forth in Section 5.8(a) of the Base Indenture. 

“Securitization Entities” means, collectively, the SPV Guarantor, the Master Issuer, the Domestic Distributor, the Canadian
Distributor, the Domestic Franchisor, the International Franchisor, the IP Holder, SPV Canadian Holdco, the Domestic Distribution Real Estate Holder, the Domestic Distribution Equipment Holder and any Additional Securitization Entity. 

“Securitization Entity Indemnities” means all indemnification obligations that the Securitization Entities have to their
officers, directors or managers under their Charter Documents. 

  
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 “Securitization IP” has the meaning set forth on Schedule I attached
hereto. 
 “Securitization IP License Agreements” has the meaning set forth on Schedule I attached hereto. 

“Securitization Leverage Ratio” means, as of the date of determination, the ratio of (i) the aggregate principal amount
of each Series of Notes Outstanding (provided that, with respect to each Series of Class A-1 Senior Notes Outstanding, the aggregate principal amount of each such Series of Senior Notes will be deemed to
be the Class A-1 Senior Notes Maximum Principal Amount for each such Series) to (ii) Net Cash Flow (excluding, for the avoidance of doubt, any Retained Collections Contributions) for the preceding
four Quarterly Collection Periods as of such date. 
 “Securitization Operating Expenses” means all (a) Trustee Fees, (b) Back-Up Manager Fees and Back-Up Manager Consent Consultation Fees, (c) Independent Accountant Fees, (d) Organizational Expenses, (e) Rating Agency
Fees, (f) Securitization Entity Indemnities, (g) Mortgage Recordation Fees and (h) Servicer Indemnities (together with interest on any such Servicer Indemnities that are due and unpaid at the Advance Interest Rate). 

“Senior Debt” means the issuance of Indebtedness under the Indenture by the
Co-Issuers that by its terms (through its alphabetical designation as “Class A” pursuant to the Series Supplement applicable to such Indebtedness) is senior in the right to receive interest and
principal on such Indebtedness to the right to receive interest and principal on any Senior Subordinated Debt or Subordinated Debt. 

“Senior ABS Leverage Ratio” means, as of the date of determination, the ratio of (i) the aggregate principal amount of
each Series of Senior Notes Outstanding (provided that, with respect to each Series of Class A-1 Senior Notes Outstanding, the aggregate principal amount of each such Series of Senior Notes will be deemed
to be the Class A-1 Senior Notes Maximum Principal Amount for each such Series) less (b) the sum of (x) the cash and Permitted Investments of the Securitization Entities credited to the Senior
Notes Interest Reserve Account and the Cash Trap Reserve Account as of the end of the most recently ended Quarterly Collection Period, (y) at the Master Issuer’s election, the Senior Principal and Interest Account Excess Amount and
(z) the available amount of the Interest Reserve Letter of Credit with respect to the Senior Notes as of the end of the most recently ended Quarterly Collection Period to (ii) Net Cash Flow (excluding, for the avoidance of doubt, any
Retained Collections Contributions) for the preceding four Quarterly Collection Periods as of such date. 
 “Senior
Noteholder” means any Holder of Senior Notes of any Series. 
 “Senior Notes” means any Series or Class of
any Series of Notes issued that are designated as “Class A” and identified as “Senior Notes” in the applicable Series Supplement that constitute Senior Debt. 

“Senior Notes Accrued Quarterly Interest Amount” means, for each Weekly Allocation Date with respect to a Quarterly
Collection Period, an amount equal to the lesser of (a) the sum of (i) the product of (1) the Fiscal Quarter Percentage for such Quarterly Collection Period and (2) the Senior Notes Aggregate Quarterly Interest for the Interest
Period ending in the next 

  
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succeeding Quarterly Collection Period (except with respect to the first Interest Period after the Closing Date, in which case such amount will be 0% of the Senior Notes Quarterly Interest for
such Interest Period), (ii) the Carryover Senior Notes Accrued Quarterly Interest Amount for such Weekly Allocation Date and (iii) if such Weekly Allocation Date occurs on or after a Quarterly Payment Date on which amounts are withdrawn from
the Senior Notes Interest Account pursuant to Section 5.12(a) of the Base Indenture to cover any Class A-1 Senior Notes Interest Adjustment Amount, the amount so withdrawn
(without duplication for amounts previously allocated pursuant to this clause (iii) and (b) the amount, if any, by which (i) Senior Notes Aggregate Quarterly Interest for the Interest Period ending in the next succeeding Quarterly
Collection Period exceeds (ii) the aggregate amount previously allocated to the Senior Notes Interest Account with respect to Senior Notes Quarterly Interest on each preceding Weekly Allocation Date with respect to such Quarterly Collection
Period. 
 “Senior Notes Accrued Quarterly Post-ARD Contingent Interest Amount”
means, for each Weekly Allocation Date with respect to a Quarterly Collection Period an amount equal to the lesser of (a) the sum of (i) the product of (1) the Fiscal Quarter Percentage for such Quarterly Collection Period and
(2) the Senior Notes Aggregate Quarterly Post-ARD Contingent Interest for the Interest Period ending in the next succeeding Quarterly Collection Period (except with respect to the first Interest Period
after the Closing Date, in which case such amount will be 0% of the Senior Notes Aggregate Quarterly Post-ARD Contingent Interest for such Interest Period) and (ii) the Carryover Senior Notes Accrued
Quarterly Post-ARD Contingent Interest Amount for such Weekly Allocation Date and (b) the amount, if any, by which (i) Senior Notes Aggregate Quarterly
Post-ARD Contingent Interest for the Interest Period ending in the next succeeding Quarterly Collection Period exceeds (ii) the aggregate amount previously allocated to the Senior Notes Post-ARD Contingent Interest Account with respect to Senior Notes Quarterly Post-ARD Contingent Interest on each preceding Weekly Allocation Date with respect to the Quarterly
Collection Period. 
 “Senior Notes Accrued Scheduled Principal Payments Amount” means, for each Weekly Allocation Date
with respect to any Quarterly Collection Period an amount equal to the lesser of (a) the sum of (i) the product of (1) the Fiscal Quarter Percentage for such Quarterly Collection Period and (2) the Senior Notes Aggregate
Scheduled Principal Payments for the Quarterly Payment Date in the next succeeding Quarterly Collection Period (except with respect to the first Interest Period after the Closing Date, in which case such amount will be 0% of the Senior Notes
Scheduled Principal Payments for such Quarterly Payment Date) and (ii) the Carryover Senior Notes Accrued Scheduled Principal Payments Amount for such Weekly Allocation Date and (b) the amount, if any, by which (i) the Senior Notes
Aggregate Scheduled Principal Payments for the Quarterly Payment Date in the next succeeding Quarterly Collection Period exceeds (ii) the aggregate amount previously allocated to the Senior Notes Principal Payments Account with respect to
Senior Notes Aggregate Scheduled Principal Payments on each preceding Weekly Allocation Date with respect to the Quarterly Collection Period. 

“Senior Notes Aggregate Quarterly Interest” means, for any Interest Period, with respect to all Senior Notes Outstanding, the
aggregate amount of Senior Notes Quarterly Interest due and payable on all such Senior Notes with respect to such Interest Period. 

  
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 “Senior Notes Aggregate Quarterly Post-ARD
Contingent Interest” means, for any Interest Period, with respect to all Senior Notes Outstanding, the aggregate amount of Senior Notes Quarterly Post-ARD Contingent Interest accrued on all such
Senior Notes with respect to such Interest Period. 
 “Senior Notes Aggregate Scheduled Principal Payments” means, for any
Quarterly Payment Date, with respect to all Senior Notes Outstanding, the aggregate amount of Senior Notes Scheduled Principal Payments due and payable on all such Senior Notes on such Quarterly Payment Date. 

“Senior Notes Available Reserve Account Amount” means, as of any date of determination, collectively, the amount on deposit
in the Senior Notes Interest Reserve Account, the undrawn face amount of any Interest Reserve Letter of Credit issued for the benefit of the Trustee for the benefit of the Senior Noteholders and the amount on deposit in the Cash Trap Reserve
Account. 
 “Senior Notes Interest Shortfall Amount” has the meaning set forth in Section 5.12(b) of the
Base Indenture. 
 “Senior Notes Interest Account” has the meaning set forth in Section 5.6 of
the Base Indenture. 
 “Senior Notes Interest Reserve Account” has the meaning set forth in
Section 5.2 of the Base Indenture. 
 “Senior Notes Interest Reserve Account Amount” means, for
any Weekly Allocation Date, the aggregate of all amounts (i) required to be on deposit in the Senior Notes Interest Reserve Account or (ii) in respect of the undrawn face amount of any Interest Reserve Letter of Credit issued for the
benefit of the Trustee for the benefit of the Senior Noteholders on such Weekly Allocation Date pursuant to any Series Supplement. 

“Senior Notes Interest Reserve Account Deficit Amount” means, on any Weekly Allocation Date with respect to a Quarterly
Collection Period, an amount equal to the amount, if any, by which (a) the Senior Notes Interest Reserve Account Amount exceeds (b) the sum of (i) the amount on deposit in the Senior Notes Interest Reserve Account on such date
and (ii) the undrawn face amount of any Interest Reserve Letters of Credit issued for the benefit of the Trustee for the benefit of the Senior Noteholders outstanding on such date. 

“Senior Notes Principal Payments Account” has the meaning set forth in Section 5.6 of the Base Indenture.

 “Senior Notes Quarterly Interest” means, for any Interest Period, (a) with respect to any Senior Notes Outstanding,
the aggregate amount of interest due and payable, with respect to such Interest Period, on such Senior Notes that is identified as “Senior Notes Quarterly Interest” in the applicable Series Supplement plus (b) with respect to any Class A-1 Senior Notes Outstanding, the aggregate amount of any letter of credit fees due and payable, with respect to such Interest Period, on such Class A-1 Senior
Notes pursuant to the applicable Variable Funding Note Purchase Agreement that are identified as “Senior Notes Quarterly Interest” in the applicable 

  
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Series Supplement; provided that if, on any Weekly Allocation Date or other date of determination, the actual amount of any such interest or letter of credit fees cannot be ascertained, an
estimate of such interest or letter of credit fees will be used to calculate the Senior Notes Quarterly Interest for such Weekly Allocation Date or other date of determination in accordance with the terms and provisions of the applicable Series
Supplement; provided further that any amount identified as “Senior Notes Quarterly Post-ARD Contingent Interest,” “Class A-1 Senior Notes
Administrative Expenses,” “Class A-1 Senior Notes Quarterly Commitment Fees” or “Class A-1 Senior Notes Other Amounts” in any Series
Supplement will under no circumstances be deemed to constitute “Senior Notes Quarterly Interest.” 
 “Senior Notes
Quarterly Post-ARD Contingent Interest” means, for any Interest Period, with respect to any Class of Senior Notes Outstanding, the aggregate amount of interest accrued with respect to such
Interest Period on each such Class of Senior Notes that is identified as “Senior Notes Quarterly Post-ARD Contingent Interest” in the applicable Series Supplement; provided that if, on
any Weekly Allocation Date or other date of determination, the actual amount of any such interest cannot be ascertained, an estimate of such interest will be used to calculate the Senior Notes Quarterly
Post-ARD Contingent Interest for such Weekly Allocation Date or other date of determination in accordance with the terms and provisions of the applicable Series Supplement; provided further that any amount
identified as “Senior Notes Quarterly Interest” in any Series Supplement will under no circumstances be deemed to constitute “Senior Notes Quarterly Post-ARD Contingent Interest.” 

“Senior Notes Scheduled Principal Catch-Up Amount” means the sum of all principal
payments that are required to be paid to Senior Noteholders pursuant to the applicable Series Supplement and have not been previously paid. 

“Senior Notes Scheduled Principal Payments” means, with respect to any Class of Senior Notes Outstanding, any Scheduled
Principal Payments with respect to such Class of Senior Notes. 
 “Senior Notes Scheduled Principal Payments Deficiency
Amount” means, with respect to any Quarterly Collection Period and as calculated as of the last day of such Quarterly Collection Period, the amount, if any, by which (a) the Senior Notes Aggregate Scheduled Principal Payments
(including any Senior Notes Scheduled Principal Payments Deficiency Amounts due but unpaid from any previous Quarterly Collection Period) due and payable on the Quarterly Payment Date in the next succeeding Quarterly Collection Period exceeds
(b) the amount on deposit on such last day of such Quarterly Collection Period in the Senior Notes Principal Payments Account with respect to Senior Notes Scheduled Principal Payments due and payable on the Quarterly Payment Date in the next
succeeding Quarterly Collection Period. 
 “Senior Principal and Interest Account Excess Amount” means, as of any date of
determination, the excess, if positive, of (A) the aggregate amount of cash and Permitted Investments of the Securitization Entities credited to the Senior Notes Interest Account and the Senior Notes Principal Payment Account as of the end of
the most recently ended Quarterly Collection Period over (B) the aggregate of (I) the sum of the Senior Notes Quarterly Interest for the Quarterly Payment Date immediately following such Quarterly Collection Period with respect to each
Class of Senior Notes Outstanding and (II) the sum of the Scheduled Principal Payments that are required to be made on such Quarterly Payment Date with respect to each Class of Senior Notes Outstanding. 

  
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 “Senior Subordinated Debt” or “Senior Subordinated Notes”
means any issuance of Indebtedness under the Indenture by the Co-Issuers that are part of a Class with an alphanumerical designation that contains any letter from “B” through “L” of
the alphabet. 
 “Senior Subordinated Noteholder” means any Holder of Senior Subordinated Notes of any Series. 

“Senior Subordinated Notes Accrued Quarterly Interest Amount” means, for each Weekly Allocation Date with respect to a
Quarterly Collection Period and any Senior Subordinated Notes, the amount defined in the applicable Series Supplement. 
 “Senior
Subordinated Notes Accrued Quarterly Post-ARD Contingent Interest Amount” means, for each Weekly Allocation Date with respect to a Quarterly Collection Period and any Senior Subordinated Notes,
the amount defined in the applicable Series Supplement. 
 “Senior Subordinated Notes Accrued Scheduled Principal Payments
Amount” means, for each Weekly Allocation Date with respect to any Quarterly Collection Period and any Senior Subordinated Notes, the amount defined in the applicable Series Supplement. 

“Senior Subordinated Notes Aggregate Quarterly Interest” means, for any Interest Period, with respect to all Senior
Subordinated Notes Outstanding, the aggregate amount of Senior Subordinated Notes Quarterly Interest due and payable on all such Subordinated Notes with respect to such Interest Period. 

“Senior Subordinated Notes Aggregate Quarterly Post-ARD Contingent Interest” means,
for any Interest Period, with respect to all Senior Subordinated Notes Outstanding, the aggregate amount of Senior Subordinated Notes Quarterly Post-ARD Contingent Interest accrued on all such Senior
Subordinated Notes with respect to such Interest Period. 
 “Senior Subordinated Notes Aggregate Scheduled Principal
Payments” means, for any Quarterly Payment Date, with respect to all Senior Subordinated Notes Outstanding, the aggregate amount of Senior Subordinated Notes Scheduled Principal Payments due and payable on all such Senior Subordinated Notes
on such Quarterly Payment Date. 
 “Senior Subordinated Notes Available Reserve Account Amount” means, as of any date of
determination, collectively, the amount on deposit in the Senior Subordinated Notes Interest Reserve Account, the undrawn face amount of any Interest Reserve Letters of Credit issued for the benefit of the Trustee for the benefit of the Senior
Subordinated Noteholders and the amount on deposit in the Cash Trap Reserve Account. 
 “Senior Subordinated Notes Interest Reserve
Account” means an interest reserve account established and maintained by the Master Issuer, in the name of the Trustee, for the benefit of the Senior Subordinated Noteholders and the Trustee, solely for the benefit of the Senior
Subordinated Noteholders. 

  
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 “Senior Subordinated Notes Interest Reserve Account Amount” means, for any
Weekly Allocation Date, the aggregate of all amounts (i) required to be on deposit in the Senior Subordinated Notes Interest Reserve Account or (ii) in respect of the undrawn face amount of any Interest Reserve Letters of Credit issued for
the benefit of the Trustee for the benefit of the Senior Subordinated Noteholders on such Weekly Allocation Date pursuant to any Series Supplement. 

“Senior Subordinated Notes Interest Reserve Account Deficit Amount” means, on any Weekly Allocation Date with respect to a
Quarterly Collection Period, an amount equal to the amount, if any, by which (a) the Senior Subordinated Notes Interest Reserve Account Amount exceeds (b) the sum of (i) the amount on deposit in the Senior Subordinated Notes Interest
Reserve Account on such date and (ii) the undrawn face amount of any Interest Reserve Letters of Credit issued for the benefit of the Trustee for the benefit of the Senior Subordinated Noteholders on such date. 

“Senior Subordinated Notes Quarterly Interest” means, for any Interest Period, with respect to any Class of Senior
Subordinated Notes Outstanding, the aggregate amount of interest due and payable, with respect to such Interest Period, on such Class of Senior Subordinated Notes that is identified as “Senior Subordinated Notes Quarterly Interest” in
the applicable Series Supplement; provided that if, on any Weekly Allocation Date or other date of determination, the actual amount of any such interest, fees or expenses cannot be ascertained, an estimate of such interest, fees or expenses will be
used to calculate the Senior Subordinated Notes Quarterly Interest for such Weekly Allocation Date or other date of determination in accordance with the terms and provisions of the applicable Series Supplement; provided further that any amount
identified as “Senior Subordinated Notes Quarterly Post-ARD Contingent Interest” in any Series Supplement will under no circumstances be deemed to constitute “Senior Subordinated Notes Quarterly
Interest.” 
 “Senior Subordinated Notes Quarterly Post-ARD Contingent
Interest” means, for any Interest Period, with respect to any Class of Senior Subordinated Notes Outstanding, the aggregate amount of interest accrued with respect to such Interest Period on each such Class of Senior Subordinated
Notes that is identified as “Senior Subordinated Notes Quarterly Post-ARD Contingent Interest” in the applicable Series Supplement; provided that if, on any Weekly Allocation Date or other date of
determination, the actual amount of any such interest cannot be ascertained, an estimate of such interest will be used to calculate the Senior Subordinated Notes Quarterly Post-ARD Contingent Interest for such
Weekly Allocation Date or other date of determination in accordance with the terms and provisions of the applicable Series Supplement; provided further that any amount identified as “Senior Subordinated Notes Quarterly Interest” in any
Series Supplement will under no circumstances be deemed to constitute “Senior Subordinated Notes Quarterly Post-ARD Contingent Interest.” 

“Senior Subordinated Notes Scheduled Principal Catch-Up Amount” means the sum of all
principal payments that are required to be paid to Senior Subordinated Noteholders pursuant to the applicable Series Supplement and have not been previously paid. 

  
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 “Senior Subordinated Notes Scheduled Principal Payments” means, with
respect to any Class of Senior Subordinated Notes Outstanding, any Scheduled Principal Payments with respect to such Class of Senior Subordinated Notes. 

“Senior Subordinated Notes Scheduled Principal Payments Deficiency Amount” means, with respect to any Quarterly Collection
Period and as calculated as of the last day of such Quarterly Collection Period, the amount, if any, by which (a) the Senior Subordinated Notes Aggregate Scheduled Principal Payments (including any Senior Subordinated Notes Scheduled Principal
Payments Deficiency Amounts due but unpaid from any previous Quarterly Collection Period) due and payable on the Quarterly Payment Date in the next succeeding Quarterly Collection Period exceeds (b) the amount on deposit on such last day of
such Quarterly Collection Period in the Senior Subordinated Notes Principal Payments Account with respect to Senior Subordinated Notes Scheduled Principal Payments due and payable on the Quarterly Payment Date in the next succeeding Quarterly
Collection Period. 
 “Series 2007-1 Closing Date” means April 16, 2007. 

“Series 2007-1 Legacy Account” means any account maintained by the Trustee which was
designated under the 2007 Base Indenture for the payment of interest, fees or other amounts in respect of any class of the Series 2007-1 Notes. 

“Series 2007-1 Notes” means the notes issued by the
Co-Issuers on the Series 2007-1 Closing Date. 

“Series 2007-1 Series Supplement” means the Series
2007-1 Supplement, dated as of April 16, 2007, among the Co-Issuers and the Trustee, to the 2007 Base Indenture. 

“Series Account” means any account or accounts established pursuant to a Series Supplement for the benefit of a Series of
Notes (or any Class thereof). 
 “Series Anticipated Repayment Date” means, with respect to any series of Notes, the
“Anticipated Repayment Date” as set forth in the related Series Supplement, which will be the Series Anticipated Repayment Date for such Series of Notes, as adjusted pursuant to the terms of the applicable Series Supplement. 

“Series Closing Date” means, with respect to any Series of Notes, the date of issuance of such Series of Notes, as specified
in the applicable Series Supplement. 
 “Series Defeasance Date” has the meaning set forth in
Section 12.1(c) of the Base Indenture. 
 “Series Distribution Account” means, with respect to
any Series of Notes or any Class of any Series of Notes, an account established to receive distributions to be paid to the Noteholders of such Class or such Series of Notes pursuant to the applicable Series Supplement. 

“Series Hedge Agreement” means, with respect to any Series of Notes, the relevant Swap Contract, if any, described in the
applicable Series Supplement. 

  
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 “Series Hedge Counterparty” means, with respect to any series of Notes, the
relevant Hedge Counterparty, if any, described in the applicable Series Supplement. 
 “Series Hedge Payment Amount” means
all amounts payable by the Master Issuer under a Series Hedge Agreement including any termination payment payable by the Master Issuer. 

“Series Legal Final Maturity Date” means, with respect to any Series, the “Legal Final Maturity Date” set forth in
the related Series Supplement. 
 “Series Non-Amortization Test” has the meaning
specified in the applicable Series Supplement or, if not specified therein, means a test that will be satisfied on any Quarterly Payment Date if (i) the level of both the Holdco Leverage Ratio and the Securitization Leverage Ratio are each less
than or equal to 4.5x as of the Accounting Date preceding such Quarterly Payment Date and (ii) there is no Senior Notes Scheduled Principal Catch-Up Amount outstanding as of such Quarterly Payment Date.

 “Series Obligations” means, with respect to a Series of Notes, (a) all principal, interest, premiums, make-whole
payments and Series Hedge Payment Amounts, at any time and from time to time, owing by the Co-Issuers on such Series of Notes or owing by the Guarantors pursuant to the Global G&C Agreement on such Series
of Notes and (b) the payment and performance of all other obligations, covenants and liabilities of the Co-Issuers or the Guarantors arising under the Indenture, the Notes or any other Indenture Document,
in each case, solely with respect to such Series of Notes. 
 “Series of Notes” or “Series” means each
series of Notes issued and authenticated pursuant to the Base Indenture and the applicable Series Supplement. 
 “Series
Supplement” means a supplement to the Base Indenture complying (to the extent applicable) with the terms of Section 2.3 of the Base Indenture. 

“Servicer” means Midland Loan Services, a division of PNC Bank, National Association, as servicer under the Servicing
Agreement, and any successor thereto. 
 “Servicer Indemnities” means all indemnification obligations that the
Securitization Entities have to the Servicer under the Servicing Agreement and the other Related Documents. 
 “Serviced
Funds” has the meaning set forth in the DNAF Servicing Agreement. 
 “Servicing Agreement” means the Amended and
Restated Servicing Agreement, dated as of April 16, 2021, by and among the Co-Issuers, the Manager, the Servicer and the Trustee, as amended, supplemented or otherwise modified from time to time. 

“Servicing Fees” has the meaning set forth in the Servicing Agreement. 

“Servicing Standard” has the meaning set forth in the Servicing Agreement. 

“Specified Bankruptcy Opinion Provisions” means the provisions contained in the legal opinions delivered in connection with
the issuance of each Series of Notes relating to the non-substantive consolidation of the Securitization Entities with any of Holdco, Intermediate Holdco, DPL, DNAF, Domino’s International, PMC LLC, PFS,
the Canadian Holdco or the Canadian Manufacturer. 

  
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 “Specified Countries” has the meaning set forth in
Section 8.25(d) of the Base Indenture. 
 “Springing Amendments Implementation Date” means
(A) as used in the Base Indenture and the Parent Company Support Agreement, the earlier of (i) the date that the Control Party designates as the “Springing Amendments Implementation Date” with respect to the Base Indenture and
the Parent Company Support Agreement and (ii) the date that all of the Series 2015-1 Senior Notes, the Series 2017-1 Senior Notes, the Series 2018-1 Senior Notes and the Series 2019-1 Senior Notes have been paid in full; provided that as used in Section 5.11,
Section 9.2 or Section 13.1 of the Base Indenture, the “Springing Amendments Implementation Date” shall refer solely to the date set forth in clause (A)(ii) above, and (B) as used in
the Servicing Agreement and the Back-Up Management Agreement, the earliest of (i) the date that the Controlling Class Representative designates as the “Springing Amendments Implementation
Date” with respect to the Servicing Agreement and the Back-Up Management Agreement, (ii) the date that the Master Issuer receives the consent of a Majority of the Noteholders of the Controlling
Class to the designation by the Master Issuer of the “Springing Amendments Implementation Date” with respect to the Servicing Agreement and the Back-Up Management Agreement and (iii) the
date that all of the Series 2015-1 Senior Notes, the Series 2017-1 Senior Notes, the Series 2018-1 Senior Notes and the Series 2019-1 Senior Notes have been paid in full; provided that as used in the first paragraph of Section 8.3 of the Servicing Agreement, the “Springing Amendments Implementation
Date” shall refer solely to the date set forth in clause (B)(iii) above. 
 “SPV Canadian Holdco” means Domino’s
SPV Canadian Holding Company Inc., a Delaware corporation, and its successors and assigns. 
 “SPV Canadian Holdco By-Laws” means the by-laws of SPV Canadian Holdco, as amended, supplemented or otherwise modified from time to time. 

“SPV Canadian Holdco Certificate of Incorporation” means the certificate of incorporation of SPV Canadian Holdco, filed with
the Secretary of State of Delaware on April 16, 2007, as amended, supplemented or otherwise modified from time to time. 
 “SPV
Canadian Holdco Charter Documents” means the SPV Canadian Holdco Certificate of Incorporation and the SPV Canadian Holdco By-Laws. 

“SPV Guarantor” means Domino’s SPV Guarantor LLC, a Delaware limited liability company, and its successors and assigns.

 “SPV Guarantor Certificate of Formation” means the certificate of formation of the SPV Guarantor, dated as of
March 2, 2007, as amended, supplemented or otherwise modified from time to time. 
 “SPV Guarantor Charter Documents”
means the SPV Guarantor Certificate of Formation and the SPV Guarantor Operating Agreement. 

  
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 “SPV Guarantor Contribution Agreement” means the SPV Guarantor Contribution
Agreement, dated as of the Series 2007-1 Closing Date, by and between the Master Issuer and the SPV Guarantor, as amended, supplemented or otherwise modified from time to time. 

“SPV Guarantor Domestic Distribution and Overseas IP Holder Contribution Agreement” means the contribution agreement,
dated as of the Closing Date, by and between the SPV Guarantor and the Master Issuer pursuant to which the SPV Guarantor will contribute Equity Interests in the Domestic Distribution Real Estate Holder, the Domestic Distribution Equipment Holder and
Overseas IP Holder LLC and leases of the Leased Domestic Manufacturing and Distribution Centers to the Master Issuer. 
 “SPV
Guarantor Operating Agreement” means the Second Amended and Restated Limited Liability Company Agreement of the SPV Guarantor, dated as of March 15, 2012, as further amended, supplemented or otherwise modified from time to time. 

“Store” means any Domino’s® Brand store, any Future Brand store
or any store operating under more than one of the foregoing brands that is subject to a Franchise Arrangement, the Company-Owned Stores Master License Agreement or an Overseas Franchise Arrangement, including “alternative store” locations.

 “Subclass” means, with respect to any Class of any Series of Notes, any one of the subclasses of Notes of such
Class as specified in the applicable Series Supplement. 
 “Subordinated Debt” means any issuance of Indebtedness
under the Indenture by the Co-Issuers that by its terms (through its alphabetical designation as “Class B” through “Class Z” pursuant to the Series Supplement applicable to such
Indebtedness) subordinates the right to receive interest and principal on such Indebtedness to the right to receive interest and principal on any Senior Notes. 

“Subordinated Debt Provisions” means, with respect to the issuance of any Series of Notes that includes Subordinated Debt,
the terms of such Subordinated Debt will include the following provisions: (a) if there is an Extension Period in effect with respect to the Senior Debt issued on the Closing Date, the principal of any Subordinated Debt will not be permitted to
be repaid out of the Priority of Payments unless such Senior Debt is no longer Outstanding, (b) if the Senior Debt issued on the Closing Date is refinanced on or prior to the Series Anticipated Repayment Date of such Senior Debt and any such
Subordinated Debt having a Series Anticipated Repayment Date on or before the Series Anticipated Repayment Date of such Senior Debt is not refinanced on or prior to the Series Anticipated Repayment Date of such Senior Debt, such Subordinated Debt
will begin to amortize on the date that the Senior Debt is refinanced pursuant to a scheduled principal payment schedule to be set forth in the applicable Series Supplement, (c) if the Senior Debt issued on the Closing Date is not refinanced on
or prior to the Quarterly Payment Date following the seventh anniversary of the Closing Date, such Subordinated Debt will not be permitted to be refinanced and (d) any and all Liens on the Collateral created in favor of any holder of
Subordinated Debt in connection with the issuance thereof will be expressly junior in priority to all Liens on the Collateral in favor any holder of Senior Debt. 

  
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 “Subordinated Notes” means any Series or Class of any Series of Notes
that are identified as “Subordinated Notes” in the applicable Series Supplement that constitute Subordinated Debt. 

“Subordinated Noteholders” means, collectively, the holders of any Subordinated Notes. 

“Subordinated Notes Accrued Quarterly Interest Amount” means, for each Weekly Allocation Date with respect to a Quarterly
Collection Period and any Subordinated Notes, the amount defined in the applicable Series Supplement. 
 “Subordinated Notes Accrued
Quarterly Post-ARD Contingent Interest Amount” means, for each Weekly Allocation Date with respect to a Quarterly Collection Period and any Subordinated Notes, the amount defined in the applicable
Series Supplement. 
 “Subordinated Notes Accrued Scheduled Principal Payments Amount” means, for each Weekly Allocation
Date with respect to any Quarterly Collection Period and any Subordinated Notes, the amount defined in the applicable Series Supplement. 

“Subordinated Notes Aggregate Quarterly Interest” means, for any Interest Period, with respect to all Subordinated Notes
Outstanding, the aggregate amount of Subordinated Notes Quarterly Interest due and payable on all such Subordinated Notes with respect to such Interest Period. 

“Subordinated Notes Aggregate Scheduled Principal Payments” means, for any Quarterly Payment Date, with respect to all
Subordinated Notes Outstanding, the aggregate amount of Subordinated Notes Scheduled Principal Payments due and payable on all such Subordinated Notes on such Quarterly Payment Date. 

“Subordinated Notes Interest Account” has the meaning set forth in Section 5.6 of the Base
Indenture. 
 “Subordinated Notes Interest Shortfall Amount” has the meaning set forth in
Section 5.12(k) of the Base Indenture. 
 “Subordinated Notes Principal Payments Account” has the
meaning set forth in Section 5.6 of the Base Indenture. 
 “Subordinated Notes Quarterly
Interest” means, for any Interest Period, with respect to any Class of Subordinated Notes Outstanding, the aggregate amount of interest due and payable, with respect to such Interest Period, on such Class of Subordinated Notes
that is identified as “Subordinated Notes Quarterly Interest” in the applicable Series Supplement; provided that if, on any Weekly Allocation Date or other date of determination, the actual amount of any such interest, fees or
expenses cannot be ascertained, an estimate of such interest, fees or expenses will be used to calculate the Subordinated Notes Quarterly Interest for such Weekly Allocation Date or other date of determination in accordance with the terms and
provisions of the applicable Series Supplement; provided further that any amount identified as “Subordinated Notes Quarterly Post-ARD Contingent Interest” in any Series Supplement will under
no circumstances be deemed to constitute “Subordinated Notes Quarterly Interest”. 

  
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 “Subordinated Notes Quarterly Post-ARD
Contingent Interest” means, for any Interest Period, with respect to any Class of Subordinated Notes Outstanding, the aggregate amount of interest accrued with respect to such Interest Period on each such Class of Subordinated
Notes that is identified as “Subordinated Notes Quarterly Post-ARD Contingent Interest” in the applicable Series Supplement; provided that if, on any Weekly Allocation Date or other date of
determination, the actual amount of any such interest cannot be ascertained, an estimate of such interest will be used to calculate the Subordinated Notes Quarterly Post-ARD Contingent Interest for such Weekly
Allocation Date or other date of determination in accordance with the terms and provisions of the applicable Series Supplement; provided, further, that any amount identified as “Subordinated Notes Quarterly Interest” in any Series
Supplement will under no circumstances be deemed to constitute “Subordinated Notes Quarterly Post-ARD Contingent Interest.” 

“Subordinated Notes Scheduled Principal Catch-Up Amount” means the sum of all
principal payments that are required to be paid to Subordinated Noteholders pursuant to the applicable Series Supplement and have not been previously paid. 

“Subordinated Notes Scheduled Principal Payments” means, with respect to any Class of Subordinated Notes Outstanding,
any Scheduled Principal Payments with respect to such Class of Subordinated Notes. 
 “Subsidiary” means, with respect
to any Person (herein referred to as the “parent”), any corporation, partnership, limited liability company, association or other business entity (a) of which securities or other ownership interests representing more than 50%
of the equity or more than 50% of the ordinary voting power or more than 50% of the general partnership interests are, at the time any determination is being made, owned, controlled or held by the parent or (b) that is, at the time any
determination is being made, otherwise controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 

“Subsidiary Guarantors” means the Domestic Franchisor, the International Franchisor, the Canadian Distributor, the Domestic
Distribution Real Estate Holder, the Domestic Distribution Equipment Holder and any Additional Subsidiary Guarantor. 
 “Successor
Manager” means any successor to the Manager appointed by the Control Party (at the direction of the Controlling Class Representative) upon the resignation or removal of the Manager pursuant to the terms of the Management Agreement.

 “Successor Manager Transition Expenses” means all costs and expenses incurred by a Successor Manager or Interim
Successor Manager in connection with the termination, removal and replacement of the Manager under the Management Agreement. 

“Successor Servicer Transition Expenses” means all costs and expenses incurred by a successor Servicer in connection with the
termination, removal and replacement of the Servicer under the Servicing Agreement. 
 “Supplement” means a supplement to
the Base Indenture complying (to the extent applicable) with the terms of Article XIII of the Base Indenture. 

  
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 “Supplemental Management Fee” means for each Weekly Allocation Date with
respect to any Quarterly Collection Period the amount, approved in writing by the Control Party acting at the direction of the Controlling Class Representative, by which, with respect to any Quarterly Collection Period, (i) the expenses
incurred or other amounts charged by the Manager since the beginning of such Quarterly Collection Period in connection with the performance of the Manager’s obligations under the Management Agreement and the amount of any current or projected
Tax Payment Deficiency, if applicable, exceed (ii) the Weekly Management Fees received and to be received by the Manager on such Weekly Allocation Date and each preceding Weekly Allocation Date with respect to such Quarterly Collection Period
in accordance with priority (xiv) of the Priority of Payments. 
 “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, crosscurrency 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. 

“System” means the business of Holdco and its Subsidiaries on a consolidated basis together with the-system of Domino’s Brand Stores. 
 “Tax” means (i) any federal, state,
local or foreign income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, environmental, customs duties, capital stock, profits, documentary, property, franchise, withholding, social security (or similar),
unemployment, disability, real property, personal property, sales, use, transfer, registration, value added, alternative or add-on minimum, or other tax of any kind whatsoever, including any interest, penalty,
fine, assessment or addition thereto and (ii) any transferee liability in respect of any items described in clause (i) above. 

“Tax Lien Reserve Amount” means any funds contributed by Domino’s International to the SPV Guarantor to satisfy Liens
filed by the Internal Revenue Service pursuant to Section 6323 of the Code against any Securitization Entity. 
 “Tax
Opinion” means an opinion of tax counsel of nationally recognized standing in the United States experienced in such matters to be delivered in connection with the issuance of each new Series of Notes to the effect that, for United States
federal income tax purposes, (a) the issuance of such new Series of Notes will not affect adversely the United States federal income tax characterization of any Series of Notes Outstanding or Class thereof that was (based upon an Opinion
of Counsel) treated as debt at the time of their issuance, (b) except with respect to the 

  
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International Franchisor, the SPV Canadian Holdco and any Additional Securitization Entity (including Additional Securitization Entities organized with the consent of the Control Party pursuant
to Section 8.34(b) of the Base Indenture) that will be treated as a corporation for United States federal income tax purposes, each of the U.S. Co-Issuers, each other U.S.
Securitization Entity and each other direct or indirect U.S. Subsidiary of the Master Issuer (i) will as of the date of issuance be treated as a disregarded entity and (ii) will not as of the date of issuance be classified as a corporation
or as an association or publicly traded partnership taxable as a corporation and (c) such new Series of Notes will as of the date of issuance be treated as debt. 

“Tax Payment Deficiency” means any Tax liability of Holdco (including Taxes imposed under Treasury Regulation Section 1.1502-6 (or any similar provision of state, local or foreign law)) attributable to the operations of the Securitization Entities or their direct or indirect Subsidiaries that cannot be satisfied by
Holdco from its available funds. 
 “Technology Assets” means software assets used in the provision of technology- related
services by Domino’s to Franchisees (excluding the PULSE Assets); provided that, for purposes of any of the Contribution and Sale Agreements, “Technology Assets” shall have the meaning set forth on Schedule I attached hereto.

 “Technology Fees” means all amounts owed by any Franchisee in connection with technology-related services provided by
Domino’s to such Franchisee. 
 “Third-Party License Agreements” means, collectively, any agreements (other than
Franchise Arrangements) entered into by and between any Domino’s Entity and any third party that is not a Domino’s Entity pursuant to which such third party (a) is licensed to use any Domino’s IP or (b) licenses any
third-party Intellectual Property to a Domino’s Entity; provided that, for purposes of any of the Contribution and Sale Agreements, “Third-Party License Agreements” shall have the meaning set forth on Schedule I attached
hereto. 
 “Third-Party License Fees” means all amounts due to any Securitization Entity under or in connection with any
Third-Party License Agreement. 
 “Third-Party Licensee” means any party to a Third-Party License Agreement that is not a
Domino’s Entity. 
 “Third-Party Matching Expenses” means any amounts (i) collected by the Master Issuer or any
of its direct or indirect Subsidiaries where such amounts are being collected by such entity on behalf of a third party (other than any other Domino’s Entity) or (ii) collected by the Master Issuer or any of its direct or indirect
Subsidiaries which are matched to a payable due to a third party (other than any other Domino’s Entity). 
 “Third-Party Supply
Agreements” means all contracts, accounts receivable, accounts payable and open purchase orders relating to the purchase of supplies from unaffiliated third parties for resale to Franchised Stores and Company-Owned Stores in the Domestic
Territory and the International Territory; provided that, for purposes of any of the Contribution and Sale Agreements, “Third-Party Supply Agreements” shall have the meaning set forth on Schedule I attached hereto. 

  
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 “Trademarks” means United States, state and
non-U.S. trademarks, service marks, trade names, trade dress, designs, logos, slogans and other indicia of source or origin, whether registered or unregistered, registrations and pending applications to
register the foregoing, and all goodwill of any business connected with the use of or symbolized thereby. 
 “Trust
Officer” means any officer within the corporate trust department of the Trustee, including any Vice President, Assistant Vice President or Assistant Treasurer of the Corporate Trust Office, or any trust officer, or any officer customarily
performing functions similar to those performed by the person who at the time will be such officers, in each case having direct responsibility for the administration of this Indenture, and also any officer to whom any corporate trust matter is
referred because of his knowledge of and familiarity with a particular subject, or any successor thereto responsible for the administration of the Indenture. 

“Trustee” means the party named as such in the Indenture until a successor replaces it in accordance with the applicable
provisions of the Indenture and thereafter means the successor serving thereunder. 
 “Trustee Accounts” has the meaning
set forth in Section 5.8(a) of the Base Indenture. 
 “Trustee Fees” means the fees payable by
the Co-Issuers to the Trustee pursuant to the fee letter between the Co-Issuers and the Trustee and all expenses and indemnities payable by the Co-Issuers to the Trustee pursuant to the Indenture, including, without limitation, any expenses incurred by the Trustee in connection with any inspection pursuant to Section 8.6 of the
Base Indenture. 
 “UCC” means the Uniform Commercial Code as in effect from time to time in the specified jurisdiction or
any applicable jurisdiction, as the case may be. 
 “United States” or “U.S.” means the United States of
America, its fifty states and the District of Columbia. 
 “Unrestricted Cash” means as of any date, unrestricted cash and
Permitted Investments owned by the Non-Securitization Entities that are not, and are not presently required under the terms of any agreement or other arrangement binding any
Non- Securitization Entity on such date to be, (a) pledged to or held in one or more accounts under the control of one or more creditors of any Non-Securitization
Entity or (b) otherwise segregated from the general assets of the Non-Securitization Entities, in one or more special accounts or otherwise, for the purpose of securing or providing a source of payment
for Indebtedness or other obligations that are or from time to time may be owed to one or more creditors of the Non-Securitization Entities. It is agreed that cash and Permitted Investments held in ordinary
deposit or security accounts and not subject to any existing or contingent restrictions on transfer by any Non-Securitization Entity will not be excluded from Unrestricted Cash by reason of setoff rights or
other Liens created by law or by applicable account agreements in favor of the depositary institutions or security intermediaries. 

“Variable Funding Note Purchase Agreement” means any note purchase agreement entered into by the Co-Issuers in connection with the issuance of Class A-1 Senior Notes that is identified as a “Variable Funding Note Purchase Agreement” in the applicable Series
Supplement. 

  
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 “Venezuelan Royalties Concentration Account” means the account maintained
in the name of the Master Issuer or the International Franchisor and pledged to the Trustee into which the Manager causes Collections in the currency of Venezuela to be deposited or any successor account established for the Master Issuer or the
International Franchisor by the Manager for such purpose pursuant to the Base Indenture and the Management Agreement, including any investment accounts related thereto into which funds are transferred for investment purposes pursuant to
Section 5.1(b) of the Base Indenture. 
 “VFN Fee Letter” has the meaning set forth in each
applicable Variable Funding Note Purchase Agreement. 
 “Weekly Advertising Fee Amount” means, with respect to any Weekly
Collection Period, an amount equal to the lesser of (i) the actual aggregate amount of Advertising Fees deposited in the Royalties Concentration Accounts during such Weekly Collection Period, as calculated by the Manager and set forth in each
applicable Weekly Manager’s Certificate and (ii) the actual amount of Collections on deposit in the Royalties Concentration Accounts on such day; provided that to the extent that the amount in clause (ii) above is less than the amount
in clause (i) above the amount of any such difference (the “Weekly Advertising Fee Deficiency Amount”) (or the portion thereof that has not been previously paid to the DNAF Account) will be added to the Weekly Advertising Fee
Amount for each succeeding day until such Weekly Advertising Fee Deficiency Amount has been paid to the DNAF Account. 
 “Weekly
Allocation Date” means the fifth Business Day following the last day of each Weekly Collection Period commencing on March 23, 2012. 

“Weekly Collection Period” means the period from and including each Monday and ending on and including the next succeeding
Sunday. 
 “Weekly Collections” means all Collections received during any Weekly Collection Period. 

“Weekly Distribution Services Reimbursement Amount” means, with respect to any Weekly Collection Period, an amount equal to
the smallest of (a) the aggregate amount of working capital expenses relating to the Distribution Services actually incurred by the Manager or the Canadian Manufacturer, as applicable, on or prior to the last day of such Weekly Collection
Period for which the Manager or the Canadian Manufacturer, as applicable, is entitled to be reimbursed or paid in accordance with the Management Agreement and has not been previously reimbursed or paid; (b) the amount, if any, by which (i)
$25,000,000 exceeds (ii) the aggregate amount of working capital expenses relating to the Distribution Services previously paid on each preceding Weekly Allocation Date that occurred in the Quarterly Collection Period in which such Weekly
Allocation Date occurs; and (c) the amount, if any, by which (i) $50,000,000 exceeds (ii) the aggregate amount of working capital expenses relating to the Distribution Services previously paid on each preceding Weekly Allocation Date that
occurred in the two-year period (measured from the Closing Date to the second anniversary thereof and from each such second anniversary thereof to the next succeeding
bi-annual anniversary thereof) in which such Weekly Allocation Date occurs. 

  
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 “Weekly Distributor Profit Amount” means, with respect to any Monthly
Distributor Profit Period, (a) on the fourth Weekly Allocation Date to occur in such Monthly Distributor Profit Period, an amount, not less than zero, equal to the lesser of (i) the sum of (A) the Estimated Weekly Distributor Profit
Amount for the Weekly Collection Period immediately preceding such Weekly Allocation Date and (B) the Monthly Distributor Profit Adjustment Amount, if any, with respect to the immediately preceding Monthly Distributor Profit Period and
(ii) the amount actually on deposit in the Distribution Concentration Accounts on such Weekly Allocation Date and (b) on each other Weekly Allocation Date to occur in such Monthly Distributor Profit Period, an amount equal to the lesser of
(i) the Estimated Weekly Distributor Profit Amount for the Weekly Collection Period immediately preceding such Weekly Allocation Date and (ii) the amount actually on deposit in the Distribution Concentration Accounts on such Weekly
Allocation Date; provided that to the extent that (1) the amount in clause (a)(ii) above is less than the amount in clause (a)(i) above or (2) the amount in clause (b)(ii) above is less than the amount in
clause (b)(i) above for any Weekly Allocation Date, the amount of any such difference (the “Weekly Distributor Profit Deficiency Amount”) (or the portion thereof that has not been previously allocated to the Collection
Account) will be added to the Weekly Distributor Profit Amount for each succeeding Weekly Allocation Date until the Weekly Distributor Profit Deficiency Amount has been allocated to the Collection Account. 

“Weekly Distributor Profit Deficiency Amount” has the meaning set forth in the definition of “Weekly Distributor Profit
Amount.” 
 “Weekly Equipment Purchasing Reimbursement Amount” means, with respect to any Weekly Collection Period,
any operating expenses relating to the Equipment Purchasing Services actually incurred by the Manager during such Weekly Collection Period for which the Manager is entitled to be reimbursed or paid in accordance with the Management Agreement. 

“Weekly FCF Distributions” means weekly distributions of Free Cash Flow from each Securitization Entity to its direct parent,
other than from the Master Issuer to the SPV Guarantor or from the Domestic Distributor or the Canadian Distributor to its direct parent. 

“Weekly Management Fee” has the meaning set forth in the Management Agreement. 

“Weekly Manager’s Certificate” has the meaning specified in Section 4.1(a) of the Base
Indenture. 
 “Welfare Plan” means a “welfare plan” as such term is defined in Section 3(1) of ERISA. 

“Workout Fees” has the meaning set forth in the Servicing Agreement. 

“written” or “in writing” means any form of written communication, including, without limitation, by means
of telex, telecopier device, telegraph or cable. 

  
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 SCHEDULE I 

SELECT DEFINITIONS FROM THE 2007 BASE INDENTURE 

The definitions set forth on this Schedule I are derived from the 2007 Base Indenture. These select definitions are intended to set forth the meanings of
capitalized terms that are used but not defined in the Contribution and Sale Agreements and are attached to Annex A as a matter of convenience. 

“After-Acquired IP Assets” means any Intellectual Property created, developed or acquired after the Initial Closing Date by
or on behalf of, and owned by, the IP Holder or any Additional IP Holder, including, without limitation, all Future Brand IP. 

“After-Acquired Overseas IP” means any Know-How specific to the operation of Stores
and the Franchise Arrangements in the Excluded Countries (but not including any Patents, Copyrights or Trademarks or any Intellectual Property that is derivative of the Securitization IP) created, developed or acquired by or on behalf of the
Overseas Entities after the Initial Closing Date and owned by any of the Overseas Entities in accordance with the terms of the Overseas IP Holder Asset Sale and IP License Agreement. 

“Contributed Third-Party Supply Agreements” means each Existing Third-Party Supply Agreement contributed on the Initial
Closing Date by Domino’s International to the SPV Guarantor listed on Schedule 4.1(i)(x)(1) to the Domino’s International Contribution Agreement. 

“Domestic Franchise Arrangements” means, depending on the context in which it is used, the Existing Domestic Franchise
Arrangements and the New Domestic Franchise Arrangements or the rights and obligations of the applicable franchisor under each such agreement. 

“Domino’s IP” means, collectively, the Securitization IP, the Overseas IP and the After-Acquired Overseas IP. 

“Excluded Countries” means, collectively, any country or territory other than the Domestic Territory or an Included Country.

 “Existing Canadian Requirements Agreements” means any requirements and profit sharing agreement (including any open
purchase orders) entered into by a Franchisee or any other Person, and which is listed on Schedule 4.1(i)(i)(1) to the Canadian Distribution Assets Sale Agreement pursuant to which such Franchisee or such other Person purchases Products from, prior
to the Initial Closing Date, any Domino’s Entity and, after the Initial Closing Date, any Distributor; provided, however, that no Existing Requirements Agreement shall be deemed to be an Existing Canadian Requirements Agreement. 

“Existing Canadian Third-Party Supply Agreements” means any supply agreement (including any open purchase orders) between any
Domino’s Entity and any third party that is not a Domino’s Entity, and which is listed on Schedule 4.1(i)(i)(2) to the Canadian Distribution Assets Sale Agreement pursuant to which such third party supplies Products for sale to
Franchisees, owners of Company-Owned Stores and other Persons; provided, however, that no Existing Third-Party Supply Agreement shall be deemed to be an Existing Canadian Third-Party Supply Agreement. 

 “Existing Domestic Distribution Agreements” means, collectively, the
Existing Third-Party Supply Agreements, the Existing Requirements Agreements and the Company- Owned Stores Requirements Agreement. 

“Existing Domestic Franchise Arrangements” means, depending on the context in which it is used, each franchise agreement,
development agreement, license agreement, area agreement or similar agreement (together with any Franchisee Promissory Note in respect of any such agreement) pursuant to which a Franchisee operates a Store in the Domestic Territory or is given the
right to sub-franchise or develop and operate one or more Stores of the Domino’s Brand in a specific geographic area within the Domestic Territory, and which is listed on Schedule 4.1(i)(i)(1) to the
Domino’s International Contribution and Sale Agreement or the rights and obligations of the Master Issuer under each such agreement. 

“Existing Franchise Arrangements” means, collectively, the Existing Domestic Franchise Arrangements and the Existing
International Franchise Arrangements. 
 “Existing International Franchise Agreement” means, depending on the context in
which it is used, each franchise agreement, development agreement, license agreement, area agreement or similar agreement and any related know-how transfer, technical assistance and management agreements
pursuant to which a Franchisee operates a Store in any Included Country, and which is listed on Schedule 4.1(i)(i)(2) of the Domino’s International Contribution and Sale Agreement or the rights and obligations of the International Franchisor
under each such agreement. 
 “Existing International Franchise Arrangements” means, depending on the context in which it
is used, the Existing International Franchise Agreements and the Existing International Master Franchise Agreements or the rights and obligations of the International Franchisor under each such agreement. 

“Existing International Master Franchise Agreement” means, depending on the context in which it is used, each master
franchise agreement or area development agreement and any related know-how transfer, technical assistance and management agreements pursuant to which a Franchisee is given the right to sub-franchise or develop and operate one or more Stores of the Domino’s Brand in a specific geographic area within any Included Country, and which is listed on Schedule 4.1(i)(i)(2) of the Domino’s
International Contribution and Sale Agreement or the rights and obligations of the International Franchisor under each such agreement. 

“Existing Overseas Franchise Agreement” means, depending on the context in which it is used, each franchise agreement,
development agreement, license agreement, area agreement or similar agreement pursuant to which a Franchisee operates a Store in any Excluded Country, and which is listed on Schedule 1.1 of the Overseas IP Holder Asset Sale and IP License Agreement
or the rights and obligations of the Overseas Franchisor under each such agreement. 
 “Existing Overseas Franchise
Arrangements” means, depending on the context in which it is used, the Existing Overseas Franchise Agreements and the Existing Overseas Master Franchise Agreements or the rights and obligations of the Overseas Franchisor under each such
agreement. 

  
 -86- 

 “Existing Overseas Master Franchise Agreement” means, depending on the
context in which it is used, each master franchise agreement, development agreement, license agreement, area agreement or similar agreement pursuant to which a Franchisee is given the right to sub-franchise or
develop and operate one or more Stores in a specific geographic area within any Excluded Country, and which is listed on Schedule 1.1 of the Overseas IP Holder Asset Sale and IP License Agreement or the rights and obligations of the Overseas
Franchisor under each such master franchise agreement, development agreement, license agreement, area agreement or similar agreement. 

“Existing Requirements Agreements” means any requirements and profit sharing agreement (including any open purchase orders)
entered into by a Franchisee, an owner of a Company-Owned Store or any other Person, and which is listed on Schedule 4.1(i)(xi)(1) to the Domino’s International Contribution and Sale Agreement pursuant to which such Franchisee, owner of a
Company-Owned Store or such other Person purchases Products from, prior to the Initial Closing Date, any Domino’s Entity, and, after the Initial Closing Date, any Distributor; provided, however, that no Existing Canadian Requirements Agreement
shall be deemed to be an Existing Requirements Agreement. 
 “Existing Third-Party License Agreements” means any agreement
entered into by and between any Domino’s Entity and any third party that is not a Domino’s Entity, and which is listed on the applicable schedule to the applicable Contribution and Sale Agreement pursuant to which such third party
(a) is licensed to use any Domino’s IP or (b) licenses any third-party Intellectual Property to a Domino’s Entity. 

“Existing Third-Party Supply Agreements” means any supply agreement (including any open purchase orders) between any
Domino’s Entity and any third party that is not a Domino’s Entity, and which is listed on Schedule 4.1(i)(x)(1) to the Domino’s International Contribution and Sale Agreement pursuant to which such third party supplies Products for
sale to Franchisees, owners of Company-Owned Stores and other Persons; provided, however, that no Existing Canadian Third-Party Supply Agreement shall be deemed to be an Existing Third-Party Supply Agreement. 

“Future Brand” means any brand other than the Domino’s Brand under which any Domino’s Entity sells or offers for
sale any goods or services, or otherwise conducts business anywhere in the Domestic Territory or the Included Countries. 
 “Initial
Closing Date” means April 16, 2007. 
 “International Franchise Arrangements” means, depending on the context
in which it is used, the Existing International Franchise Arrangements and the New International Franchise Arrangements or the rights and obligations of the International Franchisor under each such agreement. 

  
 -87- 

 “International Franchisee PULSE Agreements” means any agreement entered
into by a Franchisee, and which is listed on Schedule 1.1(b) to the DPL Contribution and Sale Agreement pursuant to which such Franchisee licenses PULSE Assets from the Distributor. 

“International Franchisor Interests” means all of any Former Transferor’s or the Master Issuer’s, as the case may
be, ownership interest in the International Franchisor, which constitutes 100% of the issued and outstanding Equity Interests of the International Franchisor. 

“IP Holder Interests” means all of any Former Transferor’s or the Master Issuer’s, as the case may be, ownership
interest in the IP Holder, which constitutes 100% of the issued and outstanding Equity Interests of the IP Holder. 
 “New Domestic
Franchise Arrangements” means, depending on the context in which it is used, each new franchise agreement, development agreement, license agreement, area agreement or similar agreement (together with any Franchisee Promissory Notes issued
in respect of any such agreement) entered into by the Domestic Franchisor after the Initial Closing Date pursuant to which a master franchisor or area developer is given the right to franchise or a Franchisee is given the right to operate a Store(s)
in the Domestic Territory or the rights and obligations of the Domestic Franchisor under each such agreement. 
 “New Franchise
Arrangements” means, collectively, the New Domestic Franchise Arrangements and the New International Franchise Arrangements. 

“New International Franchise Arrangements” means, depending on the context in which it is used, each new master franchise
agreement, area development agreement, store franchise agreement or similar agreement (together with any Franchisee Promissory Notes issued in respect of any such agreement) entered into by the International Franchisor after the Initial Closing Date
pursuant to which a master franchisor or area developer is given the right to franchise or a Franchisee is given the right to operate a Store(s) in an Included Country or the rights and obligations of the International Franchisor under each such
agreement. 
 “New Overseas Franchise Arrangements” means, depending on the context in which it is used, each new master
franchise agreement, area development agreement, store franchise agreement or similar agreement entered into by the Overseas Franchisor after the Initial Closing Date pursuant to which a master franchisor or area developer is given the right to
franchise or a Franchisee is given the right to operate a Store(s) in an Excluded Country or the rights and obligations of the Overseas Franchisor under each such agreement. 

“New Requirements Agreements” means, collectively, any requirements or rebate agreements (including any purchase orders)
entered into after the Initial Closing Date by a Franchisee, an owner of a Company-Owned Store or any other Person pursuant to which such Franchisee, owner of a Company-Owned Store or such other Person purchases Products from any Distributor. 

“New Third-Party License Agreements” means, collectively, any agreements entered into after the Initial Closing Date by and
between any Domino’s Entity and any third party that is not a Domino’s Entity pursuant to which such third party (a) is licensed to use any Domino’s IP or (b) licenses any third-party Intellectual Property to a Domino’s
Entity. 

  
 -88- 

 “New Third-Party Supply Agreements” means, collectively, any agreements
(including any purchase orders) entered into after the Initial Closing Date between any Distributor and any third party that is not a Domino’s Entity pursuant to which such third party supplies Products for sale to Franchisees, owners of
Company-Owned Stores or any other Person for the account of such Distributor. 
 “Overseas Franchise Arrangement” means,
depending on the context in which it is used, the Existing Overseas Franchise Arrangements and the New Overseas Franchise Arrangements or the rights and obligations of the Overseas Franchisor under each such agreement. 

“Overseas IP” means the Know-How specific to the operation of Stores and Franchise
Arrangements in the Excluded Countries (but not including any Patents, Copyrights or Trademarks) licensed to the Overseas IP Holder pursuant to the Overseas IP Holder Asset Sale and IP License Agreement. For the avoidance of doubt, the Overseas IP
does not include any After-Acquired Overseas IP. 
 “Overseas Payments” means any amounts payable under the Overseas IP
Holder License Agreement or the Overseas IP Holder Asset Sale and IP License Agreement. 
 “Securitization IP” means all of
the IP Holder’s right, title and interest in and to all Intellectual Property used in connection with the sale or offering for sale of goods or services under the Domino’s Brand and any Future Brand including, without limitation, all
After-Acquired IP Assets and the right to bring an action at law or in equity for any infringement, dilution, or violation of, and to collect all damages, settlement and proceeds relating to, any of the foregoing; provided, however, that the
Securitization IP shall not include (i) the Overseas IP, (ii) After-Acquired Overseas IP or (iii) any third-party Intellectual Property except (x) as expressly included in the Securitization IP pursuant to the applicable Pre-Securitization Contribution and Sale Agreements, and the Domino’s International Contribution and Sale Agreement and (y) as included in any After-Acquired IP Assets. 

“Securitization IP License Agreements” means, collectively, the Master Issuer IP License Agreement, the International
Franchisor IP License Agreement, the Domestic Franchisor IP License Agreement, the Domestic Distributor IP License Agreement, the Canadian Distributor IP License Agreement and any similar agreement entered into after the Initial Closing Date with
respect to the Domino’s Brand or any Future Brand. 
 “Technology Assets” means software assets used in the provision
of technology- related services by Domino’s to Franchisees. 
 “Third-Party Supply Agreements” means, collectively,
all Existing Third-Party Supply Agreements, all New Third-Party Supply Agreements and all Existing Canadian Third- Party Supply Agreements. 

  
 -89-EX-4.2

 Exhibit 4.2 

EXECUTION VERSION 
  

 
 DOMINO’S PIZZA MASTER ISSUER
LLC, 
 DOMINO’S PIZZA DISTRIBUTION LLC, 

DOMINO’S IP HOLDER LLC and 

DOMINO’S SPV CANADIAN HOLDING COMPANY INC., 

each as Co-Issuer, 

and 
 CITIBANK, N.A.,

 as Trustee and Series 2021-1 Securities Intermediary 

 
  

SERIES 2021-1 SUPPLEMENT 

Dated as of April 16, 2021 

to 
 AMENDED AND
RESTATED BASE INDENTURE 
 Dated as of March 15, 2012 

 
  

$200,000,000 Series 2021-1 Variable Funding Senior Secured Notes,
Class A-1 
 $850,000,000 Series 2021-1 2.662% Fixed Rate
Senior Secured Notes, Class A-2-I 
 $1,000,000,000
Series 2021-1 3.151% Fixed Rate Senior Secured Notes, Class A-2-II 

 
  

 Table of Contents 

 

							
	 	  	Page	 
	 Article I DEFINITIONS
	  	 	1	 
		
	 Article II INITIAL ISSUANCE, INCREASES AND DECREASES OF SERIES 2021-1 CLASS A-1 OUTSTANDING PRINCIPAL AMOUNT AND COMMITMENT AMOUNTS
	  	 	2	 
			
	 Section 2.01
	 	 Procedures for Issuing and Increasing the Series 2021-1 Class A-1 Outstanding Principal Amount
	  	 	2	 
	 Section 2.02
	 	 Procedures for Decreasing the Series 2021-1 Class A-1 Outstanding Principal Amount
	  	 	3	 
	 Section 2.03
	 	 Procedures for Increasing the Series 2021-1 Class A-1 Maximum Principal Amount
	  	 	4	 
		
	 Article III SERIES 2021-1 ALLOCATIONS;
PAYMENTS
	  	 	4	 
			
	 Section 3.01
	 	 Allocations with Respect to the Series 2021-1 Senior
Notes
	  	 	4	 
	 Section 3.02
	 	Application of Weekly Collections on Weekly Allocation Dates to the Series 2021-1 Senior Notes; Quarterly Payment Date Applications	  	 	5	 
	 Section 3.03
	 	Certain Distributions from Series 2021-1 Distribution Account	  	 	7	 
	 Section 3.04
	 	Series 2021-1 Class A-1 Interest and Certain Fees	  	 	7	 
	 Section 3.05
	 	Series 2021-1 Class A-2 Interest	  	 	8	 
	 Section 3.06
	 	Payment of Series 2021-1 Note Principal	  	 	9	 
	 Section 3.07
	 	Series 2021-1 Class A-1 Distribution Account	  	 	14	 
	 Section 3.08
	 	Series 2021-1 Class A-2 Distribution Account	  	 	15	 
	 Section 3.09
	 	Trustee as Securities Intermediary	  	 	16	 
	 Section 3.10
	 	Manager	  	 	18	 
	 Section 3.11
	 	Replacement of Ineligible Accounts	  	 	18	 
		
	 Article IV FORM OF SERIES 2021-1 Senior
Notes
	  	 	18	 
			
	 Section 4.01
	 	Issuance of Series 2021-1 Class A-1 Notes	  	 	18	 
	 Section 4.02
	 	Issuance of Series 2021-1 Class A-2 Notes	  	 	20	 
	 Section 4.03
	 	Transfer Restrictions of Series 2021-1 Class A-1 Notes	  	 	22	 
	 Section 4.04
	 	Transfer Restrictions of Series 2021-1 Class A-2 Notes	  	 	24	 
	 Section 4.05
	 	Note Owner Representations and Warranties	  	 	29	 
		
	 Article V GENERAL
	  	 	31	 
			
	 Section 5.01
	 	Information	  	 	31	 
	 Section 5.02
	 	Exhibits	  	 	32	 
	 Section 5.03
	 	Ratification of Base Indenture	  	 	32	 
	 Section 5.04
	 	Certain Notices to the Rating Agencies	  	 	32	 
	 Section 5.05
	 	Prior Notice by Trustee to the Controlling Class Representative and Control Party	  	 	32	 
	 Section 5.06
	 	Counterparts	  	 	32	 
	 Section 5.07
	 	Governing Law	  	 	32	 
	 Section 5.08
	 	Amendments	  	 	32	 
	 Section 5.09
	 	Termination of Series Supplement	  	 	32	 
	 Section 5.10
	 	Entire Agreement	  	 	32	 
	 Section 5.11
	 	Fiscal Year End	  	 	33	 

  
 (i) 

 ANNEXES 
  

							
	 Annex A
	  	 	—  	 	  	 Series 2021-1 Supplemental Definitions List

			
	 EXHIBITS
	  				  	
			
	 Exhibit
A-1-1
	  	 	—  	 	  	 Form of Series 2021-1
Class A-1 Advance Note

	 Exhibit
A-1-2
	  	 	—  	 	  	Form of Series 2021-1 Class A-1 Swingline Note
	 Exhibit
A-1-3
	  	 	—  	 	  	Form of Series 2021-1 Class A-1 L/C Note
	 Exhibit
A-2-1
	  	 	—  	 	  	Form of Restricted Global Series 2021-1 Class A-2-I Note
	 Exhibit
A-2-2
	  	 	—  	 	  	Form of Regulation S Global Series 2021-1 Class A-2-I Note
	 Exhibit
A-2-3
	  	 	—  	 	  	Form of Unrestricted Global Series 2021-1 Class A-2-I Note
	 Exhibit
A-2-4
	  	 	—  	 	  	Form of Restricted Global Series 2021-1 Class A-2-II Note
	 Exhibit
A-2-5
	  	 	—  	 	  	Form of Regulation S Global Series 2021-1 Class A-2-II Note
	 Exhibit
A-2-6
	  	 	—  	 	  	Form of Unrestricted Global Series 2021-1 Class A-2-II Note
	 Exhibit B-1
	  	 	—  	 	  	Form of Transfer Certificate for Transfers of Series 2021-1 Class A-1 Notes
	 Exhibit B-2
	  	 	—  	 	  	Form of Transferee Certificate for Series 2021-1 Class A-2-I Notes or Series
2021-1 Class A-2-II for Transfers of Interests in Restricted Global Notes to Interests in Regulation S Global
Notes
	 Exhibit B-3
	  	 	—  	 	  	Form of Transferee Certificate for Series 2021-1 Class A-2-I Notes or Series
2021-1 Class A-2-II for Transfers of Interests in Restricted Global Notes to Interests in Unrestricted Global
Notes
	 Exhibit B-4
	  	 	—  	 	  	Form of Transferee Certificate for Series 2021-1 Class A-2-I Notes or Series
2021-1 Class A-2-II for Transfers of Interest in Regulation S Global Notes or Unrestricted Global Notes to Persons Taking
Delivery in the Form of an Interest in a Restricted Global Note
	 Exhibit C
	  	 	—  	 	  	Form of Quarterly Noteholders’ Statement
	 Exhibit D
	  	 	—  	 	  	Form of Confirmation of Registration

  
 (ii) 

 SERIES 2021-1 SUPPLEMENT, dated as of April 16,
2021 (this “Series Supplement”), by and among DOMINO’S PIZZA MASTER ISSUER LLC, a Delaware limited liability company (the “Master Issuer”), DOMINO’S PIZZA DISTRIBUTION LLC, a Delaware limited liability
company (the “Domestic Distributor”), DOMINO’S IP HOLDER LLC, a Delaware limited liability company (the “IP Holder”), DOMINO’S SPV CANADIAN HOLDING COMPANY INC., a Delaware corporation (the “SPV
Canadian Holdco” and, together with the Master Issuer, the Domestic Distributor, and the IP Holder, collectively, the “Co-Issuers” and each, a
“Co-Issuer”), each as a Co-Issuer, and CITIBANK, N.A., a national banking association, as trustee (in such capacity, the “Trustee”) and
as Series 2021-1 Securities Intermediary, to the Amended and Restated Base Indenture, dated as of March 15, 2012, by and among the Co-Issuers and CITIBANK, N.A., as
Trustee and Securities Intermediary (as amended, modified or supplemented from time to time, exclusive of Series Supplements, the “Base Indenture”). 

PRELIMINARY STATEMENT 

WHEREAS, Section 2.02 and 13.1 of the Base Indenture provide, among other things, that the Co-Issuers and the Trustee may at any time and from time to time enter into a Series Supplement to the Base Indenture for the purpose of authorizing the issuance of one or more Series of Notes (as defined in
Annex A of the Base Indenture) upon satisfaction of the conditions set forth therein; and 
 WHEREAS, all such conditions have been
met for the issuance of the Series of Notes authorized hereunder. 
 NOW, THEREFORE, the parties hereto agree as follows: 

DESIGNATION 
 There is
hereby created a Series of Notes to be issued pursuant to the Base Indenture and this Series 2021-1 Supplement, and such Series of Notes shall be designated as Series
2021-1 Senior Notes. On the Series 2021-1 Closing Date, the following subclasses of Notes of such Series shall be issued: (a) $200,000,000 Series 2021-1 Variable Funding Senior Secured Notes, Class A-1 (as referred to herein, the “Series 2021-1 Class A-1 Notes” or the “Series 2021-1 Variable Funding Senior Notes, Class A-1”), which
shall be issued in three Subclasses consisting of (i) the Series 2021-1 Class A-1 Advance Notes (as referred to herein, the “Series 2021-1 Class A-1 Advance Notes”), (ii) the Series 2021-1
Class A-1 Swingline Notes (as referred to herein, the “Series 2021-1 Class A-1 Swingline
Notes”) and (iii) the Series 2021-1 Class A-1 L/C Notes (as referred to herein, the “Series 2021-1
Class A-1 L/C Notes”), (b) $850,000,000 Series 2021-1 2.662% Fixed Rate Senior Secured Notes, Class A-2-I (as referred to herein, the “Series 2021-1
Class A-2-I Notes”) and (c) $1,000,000,000 Series 2021-1 3.151% Fixed Rate Senior Secured Notes,
Class A-2-II (as referred to herein, the “Series 2021-1 Class A-2-II Notes” and together with the Series 2021-1 Class A-2-I Notes,
the “Series 2021-1 Senior Notes”). For purposes of the Base Indenture, the Series 2021-1 Class A-1 Notes,
the Class A-2-I Notes and the Series 2021-1
Class A-2-II Notes shall be deemed to be “Senior Notes.” Each Subclass of the Series 2021-1 Senior Notes
may also be referred to as a “Tranche.” 
 ARTICLE I 

DEFINITIONS 
 All
capitalized terms used herein (including in the preamble and the recitals hereto) shall have the meanings assigned to such terms in the Series 2021-1 Supplemental Definitions List attached hereto as Annex
A (the “Series 2021-1 Supplemental Definitions List”) as such Series 2021-1 Supplemental Definitions List may be amended, supplemented or otherwise
modified from time to time in accordance with the terms hereof. All capitalized terms not otherwise defined therein shall have the meanings assigned thereto in the Base Indenture Definitions List attached to the Base Indenture as Annex A
thereto, 

 
as such Base Indenture Definitions List may be amended, supplemented or otherwise modified from time to time in accordance with the terms of the Base Indenture. Unless otherwise specified herein,
all Article, Exhibit, Section or Subsection references herein shall refer to Articles, Exhibits, Sections or Subsections of the Base Indenture or this Series 2021-1 Supplement (as indicated herein). Unless
otherwise stated herein, as the context otherwise requires or if such term is otherwise defined in the Base Indenture, each capitalized term used or defined herein shall relate only to the Series 2021-1 Senior
Notes and not to any other Series of Notes issued by the Co-Issuers. 
 ARTICLE II 

INITIAL ISSUANCE, INCREASES AND DECREASES OF 

SERIES 2021-1 CLASS A-1 OUTSTANDING PRINCIPAL AMOUNT AND

 COMMITMENT AMOUNTS 

Section 2.01    Procedures for Issuing and Increasing the Series 2021-1 Class A-1 Outstanding Principal Amount. (a) Subject to satisfaction of the conditions precedent to the
making of Series 2021-1 Class A-1 Advances set forth in the Series 2021-1
Class A-1 Note Purchase Agreement, (i) on the Series 2021-1 Closing Date, the Master Issuer may cause the Series 2021-1
Class A-1 Initial Advance Principal Amount to become outstanding by drawing ratably, at par, the initial principal amounts of the Series 2021-1 Class A-1 Advance Notes corresponding to the aggregate amount of the Series 2021-1 Class A-1 Advances made on the Series 2021-1 Closing Date (the “Series 2021-1 Class A-1 Initial Advance”) and (ii) on any Business
Day during the Commitment Term that does not occur during a Cash Trapping Period, the Co-Issuers may increase the Series 2021-1
Class A-1 Outstanding Principal Amount (such increase referred to as an “Increase”), by drawing ratably (or as otherwise set forth in the Series
2021-1 Class A-1 Note Purchase Agreement), at par, additional principal amounts on the Series 2021-1 Class A-1 Advance Notes corresponding to the aggregate amount of the Series 2021-1 Class A-1 Advances made on such Business
Day; provided that at no time may the Series 2021-1 Class A-1 Outstanding Principal Amount exceed the Series 2021-1 Class A-1 Maximum Principal Amount. The Series 2021-1 Class A-1 Initial Advance and each Increase shall be made in accordance
with the provisions of Sections 2.02 and 2.03 of the Series 2021-1 Class A-1 Note Purchase Agreement and shall be ratably (except as otherwise set
forth in the Series 2021-1 Class A-1 Note Purchase Agreement) allocated among the Series 2021-1 Class A-1 Noteholders (other than the Series 2021-1 Class A-1 Subfacility Noteholders in their capacity as such) as provided
therein. Proceeds from the Series 2021-1 Class A-1 Initial Advance and each Increase shall be paid as directed by the
Co-Issuers in the applicable Series 2021-1 Class A-1 Advance Request or as otherwise set forth in the Series 2021-1 Class A-1 Note Purchase Agreement. Upon receipt of written notice from the Co-Issuers or the Series 2021-1 Class A-1 Administrative Agent of the Series 2021-1 Class A-1 Initial Advance
and any Increase, the Trustee shall indicate in its books and records the amount of the Series 2021-1 Class A-1 Initial Advance or such Increase, as applicable.

 (b)    Subject to satisfaction of the applicable conditions precedent set forth in the Series 2021-1 Class A-1 Note Purchase Agreement, on the Series 2021-1 Closing Date, the
Co-Issuers may cause (i) the Series 2021-1 Class A-1 Initial Swingline Principal Amount to become outstanding by
drawing, at par, the initial principal amounts of the Series 2021-1 Class A-1 Swingline Notes corresponding to the aggregate amount of the Series 2021-1 Class A-1 Swingline Loans made on the Series 2021-1 Closing Date pursuant to Section 2.06 of the
Series 2021-1 Class A-1 Note Purchase Agreement (the “Series 2021-1 Class A-1 Initial Swingline Loan”) and (ii) the Series 2021-1 Class A-1 Initial Aggregate Undrawn L/C Face Amount to
become outstanding by drawing, at par, the initial principal amounts of the Series 2021-1 Class A-1 L/C Notes corresponding to the aggregate Undrawn L/C Face Amount
of the Letters of Credit issued on the Series 2021-1 Closing Date pursuant to Section 2.07 of the Series 2021-1
Class A-1 Note Purchase Agreement; provided that at no time may the Series 2021-1 Class A-1 Outstanding
Principal Amount exceed the Series 2021-1 Class A-1 Maximum Principal 

  
 2 

 
Amount. The procedures relating to increases in the Series 2021-1 Class A-1 Outstanding Subfacility Amount
(each such increase referred to as a “Subfacility Increase”) through borrowings of Series 2021-1 Class A-1 Swingline Loans and issuance or
incurrence of Series 2021-1 Class A-1 L/C Obligations are set forth in the Series 2021-1
Class A-1 Note Purchase Agreement. Upon receipt of written notice from the Co-Issuers or the Series 2021-1 Class A-1 Administrative Agent of the issuance of the Series 2021-1 Class A-1 Initial Swingline Principal Amount and the
Series 2021-1 Class A-1 Initial Aggregate Undrawn L/C Face Amount and any Subfacility Increase, the Trustee shall indicate in its books and records the amount of
each such issuance and Subfacility Increase. 
 Section 2.02    Procedures for
Decreasing the Series 2021-1 Class A-1 Outstanding Principal Amount. 

(a)    Mandatory Decrease. Whenever a Series 2021-1 Class A-1 Excess Principal Event shall have occurred, then, on or before the third Business Day immediately following the date on which the Manager or any Co-Issuer
obtains knowledge of such Series 2021-1 Class A-1 Excess Principal Event, the Co-Issuers shall deposit in the Series 2021-1 Class A-1 Distribution Account the amount of funds referred to in the next sentence and shall direct the Trustee in writing to distribute such funds in accordance
with Section 4.02 of the Series 2021-1 Class A-1 Note Purchase Agreement. Such written direction of the
Co-Issuers shall include a report that will provide for the distribution of (i) funds sufficient to decrease the Series 2021-1
Class A-1 Outstanding Principal Amount by the lesser of (x) the amount necessary, so that after giving effect to such decrease of the Series 2021-1 Class A-1 Outstanding Principal Amount on such date, no such Series 2021-1 Class A-1 Excess Principal Event shall exist and
(y) the amount that would decrease the Series 2021-1 Class A-1 Outstanding Principal Amount to zero (each decrease of the Series
2021-1 Class A-1 Outstanding Principal Amount pursuant to this Section 2.02(a), or any other required payment of principal in respect of
the Series 2021-1 Class A-1 Notes pursuant to Section 3.06 of this Series 2021-1 Supplement, a
“Mandatory Decrease”), plus (ii) any associated Series 2021-1 Class A-1 Breakage Amounts incurred as a result of such decrease (calculated in
accordance with the Series 2021-1 Class A-1 Note Purchase Agreement). Such Mandatory Decrease shall be allocated among the Series
2021-1 Class A-1 Noteholders in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series 2021-1 Class A-1 Note Purchase Agreement. Upon obtaining knowledge of such a Series 2021-1
Class A-1 Excess Principal Event, the Co-Issuers promptly, but in any event within two (2) Business Days, shall deliver written notice (by facsimile or e-mail with original to follow by mail) of the need for any such Mandatory Decreases to the Trustee and the Series 2021-1
Class A-1 Administrative Agent. In connection with any Mandatory Decrease, the Co-Issuers shall reimburse the Trustee, the Servicer and the Manager, as applicable,
for any unreimbursed Servicing Advances and Manager Advances (in each case, with interest thereon at the Advance Interest Rate). 

(b)    Voluntary Decrease. On any Business Day, upon at least three (3) Business Days’ prior written
notice to each Series 2021-1 Class A-1 Investor, the Series 2021-1 Class A-1
Administrative Agent and the Trustee, the Co-Issuers may decrease the Series 2021-1 Class A-1 Outstanding Principal Amount
(each such decrease of the Series 2021-1 Class A-1 Outstanding Principal Amount pursuant to this Section 2.02(b), a “Voluntary
Decrease”) by depositing in the Series 2021-1 Class A-1 Distribution Account not later than 10 a.m. (New York time) on the date specified as the decrease
date in the prior written notice referred to above and providing a written report to the Trustee directing the Trustee to distribute in accordance with the order of distribution of principal payments set forth in
Section 4.02 of the Series 2021-1 Class A-1 Note Purchase Agreement (i) an amount (subject to the last sentence of this
Section 2.02(b)) up to the Series 2021-1 Class A-1 Outstanding Principal Amount equal to the amount of such Voluntary Decrease,
plus (ii) any associated Series 2021-1 Class A-1 Breakage Amounts incurred as a result of such decrease (calculated in accordance with the Series 2021-1 Class A-1 Note Purchase Agreement); provided, that to the extent the deposit into the Series 2021-1 Class A-1 Distribution Account described above is not made by 10 a.m. 

  
 3 

 
(New York time) on a Business Day, the same shall be deemed to be deposited on the following Business Day. Each such Voluntary Decrease shall be in a minimum principal amount as provided in the
Series 2021-1 Class A-1 Note Purchase Agreement. In connection with any Voluntary Decrease, the Co-Issuers shall reimburse
the Trustee, the Servicer and the Manager, as applicable, for any unreimbursed Servicing Advances and Manager Advances (in each case, with interest thereon at the Advance Interest Rate). 

(c)    Upon distribution to the Series 2021-1
Class A-1 Noteholders of principal of the Series 2021-1 Class A-1 Advance Notes in connection with each Decrease, the
Trustee shall indicate in its books and records such Decrease. 
 (d)    The Series
2021-1 Class A-1 Note Purchase Agreement sets forth additional procedures relating to decreases in the Series 2021-1 Class A-1 Outstanding Subfacility Amount (each such decrease, together with any Voluntary Decrease or Mandatory Decrease allocated to the Series 2021-1 Class A-1 Subfacility Noteholders, referred to as a “Subfacility Decrease”) through (i) borrowings of Series 2021-1
Class A-1 Advances to repay Series 2021-1 Class A-1 Swingline Loans and Series
2021-1 Class A-1 L/C Obligations or (ii) optional prepayments of Series 2021-1
Class A-1 Swingline Loans on same day notice. Upon receipt of written notice from the Co-Issuers or the Series 2021-1 Class A-1 Administrative Agent of any Subfacility Decrease, the Trustee shall indicate in its books and records the amount of such Subfacility Decrease. 

Section 2.03    Procedures for Increasing the Series
2021-1 Class A-1 Maximum Principal Amount. The Co-Issuers may increase and/or add
Commitments and Commitment Amounts by either (a) entering into an Investor Group Supplement with the applicable Investor Group or (b) entering into a Joinder Agreement to the Variable Funding Note Purchase Agreement with an Investor Group,
and delivering a copy of such Investor Group Supplement or Joinder Agreement to the Series 2021-1 Class A-1 Administrative Agent and the Trustee at least five
(5) Business Days prior to the effective date of such increase or addition. Subject to satisfaction of the applicable conditions precedent set forth in Section 2.02 of the Base Indenture, the Trustee shall authenticate
additional Series 2021-1 Class A-1 Notes as directed by the Master Issuer. Each such increase or addition shall be in a minimum principal amount of at least
$5 million. On the applicable Additional Issuance Date, the Co-Issuers shall deposit funds in an amount equal to the excess, if any, by which the Series 2021-1
Notes Interest Reserve Amount (calculated after giving effect to the issuance of such additional Series 2021-1 Class A-1 Notes) exceeds the Series 2021-1 Available Senior Notes Interest Reserve Account Amount into the Senior Notes Interest Reserve Account. 

ARTICLE III 
 SERIES 2021-1 ALLOCATIONS; PAYMENTS 
 With respect to the Series
2021-1 Senior Notes only, the following shall apply: 

Section 3.01    Allocations with Respect to the Series 2021-1 Senior
Notes. On the Series 2021-1 Closing Date, $8,000,000 of the net proceeds from the initial sale of the Series 2021-1 Senior Notes will be deposited into the
Senior Notes Interest Reserve Account and the remainder of the net proceeds from the sale of the Series 2021-1 Senior Notes will be paid to, or at the direction of, the
Co-Issuers. 

  
 4 

 Section 3.02    Application of Weekly
Collections on Weekly Allocation Dates to the Series 2021-1 Senior Notes; Quarterly Payment Date Applications. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to
allocate from the Collection Account all amounts relating to the Series 2021-1 Senior Notes pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority
of Payments, including the following: 
 (a)    Series 2021-1
Senior Notes Quarterly Interest. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account the Series 2021-1 Class A-1 Quarterly Interest and the Series 2021-1 Class A-2 Quarterly Interest deemed to be “Senior Notes Quarterly
Interest” pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 

(b)    Series 2021-1 Class A-1 Quarterly Commitment Fees. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account the Series
2021-1 Class A-1 Quarterly Commitment Fees deemed to be “Class A-1 Senior Notes Quarterly Commitment Fees”
pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 

(c)    Series 2021-1 Class A-1 Administrative Expenses. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to pay to the Series 2021-1 Class A-1 Administrative Agent from the Collection Account the Series 2021-1 Class A-1 Administrative Expenses deemed to be “Class A-1 Senior Notes Administrative Expenses” pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 

(d)    Series 2021-1 Notes Interest Reserve Amount. 

(i)    The Co-Issuers shall maintain an amount on deposit in the Senior Notes
Interest Reserve Account with respect to the Series 2021-1 Senior Notes equal to the Series 2021-1 Notes Interest Reserve Amount. 

(ii)    If on any Weekly Allocation Date there is a Series 2021-1 Notes Interest
Reserve Account Deficiency, the Master Issuer shall instruct the Trustee in writing to deposit into the Senior Notes Interest Reserve Account an amount equal to the Series 2021-1 Notes Interest Reserve Account
Deficit Amount pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 

(iii)    On each Accounting Date preceding the first Quarterly Payment Date following a Series 2021-1 Interest Reserve Release Event or on which a Series 2021-1 Interest Reserve Release Event occurs, the Master Issuer (or the Manager on its behalf) shall instruct the
Trustee in writing to withdraw the Series 2021-1 Interest Reserve Release Amount, if any, from the Senior Notes Interest Reserve Account on the applicable Quarterly Payment Date and to deposit such amounts
into the Collection Account in accordance with Section 5.10(a)(xxix) of the Base Indenture; provided that immediately after giving effect to any withdrawal of funds from the Senior Notes Interest Reserve Account
pursuant to Section 5.10(a)(xxix) of the Base Indenture in connection with such Series 2021-1 Interest Reserve Release Event, there shall be no Series
2021-1 Notes Interest Reserve Account Deficit Amount outstanding. 
 (iv)    On
each Accounting Date, the Manager shall determine (A) the value of the Series 2021-1 Notes Interest Reserve Amount for such Quarterly Collection Period based on the known value of the Series 2021-1 Class A-1 Note Rate and (B) the difference between (1) such amount and (2) the total amount allocated to the Senior Notes Interest Reserve Account
on each Weekly Allocation Date during such Quarterly Collection Period based on the Manager’s estimates of the Series 2021-1 Class A-1 Note

  
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Rate. Where the amount described in clause (A) exceeds the amount described in clause (B)(2), the Master Issuer shall instruct the Trustee in writing to deposit into the Senior
Notes Interest Reserve Account an amount equal to such difference on the immediately succeeding Weekly Allocation Date pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments.

 Where the amount described in clause (B)(2) exceeds the amount described in clause (A), the Master Issuer shall instruct
the Trustee in writing to withdraw an amount equal to such difference on the immediately succeeding Weekly Allocation Date and deposit such amount into the Collection Account. 

(e)    Series 2021-1 Senior Notes Rapid Amortization Principal
Amounts. If any Weekly Allocation Date occurs during a Rapid Amortization Period or Series 2021-1 Class A-1 Senior Notes Amortization Period, the Master Issuer
shall instruct the Trustee in writing to allocate from the Collection Account for payment of principal on the Series 2021-1 Senior Notes the amounts contemplated by the Priority of Payments for such principal.

 (f)    Series 2021-1 Class A-2 Scheduled Principal Payments. On each Weekly Allocation Date prior to the occurrence of a Rapid Amortization Event as set forth in clause (e) of Section 9.1 of the Base
Indenture, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account the Series 2021-1 Class A-2 Scheduled Principal Payments
Amounts deemed to be “Senior Notes Scheduled Principal Payments” pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 

(g)    Series 2021-1 Class A-2 Scheduled Principal Payment Deficiency Amount. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account the portion of the Senior
Notes Scheduled Principal Payments Deficiency Amount attributable to the Series 2021-1 Class A-2 Notes pursuant to, and to the extent that funds are available
therefor in accordance with the provisions of, the Priority of Payments. 
 (h)    Series 2021-1 Class A-1 Other Amounts. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection
Account the Series 2021-1 Class A-1 Other Amounts deemed to be “Class A-1 Senior Notes Other Amounts”
pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 

(i)    Series 2021-1 Senior Notes Quarterly Post-ARD Contingent Interest. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account the Series
2021-1 Class A-1 Post-Renewal Date Contingent Interest and the Series 2021-1
Class A-2 Post-ARD Contingent Interest deemed to be “Senior Notes Quarterly Post-ARD Contingent Interest” pursuant
to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments. 

(j)    Series 2021-1 Class A-2 Make-Whole Prepayment Premium. On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to allocate from the Collection Account the Series
2021-1 Class A-2 Make-Whole Prepayment Premium deemed to be “unpaid premiums and make-whole prepayment premiums” pursuant to, and to the extent that funds
are available therefor in accordance with the provisions of, the Priority of Payments. 

(k)    Application Instructions. The Control Party is hereby authorized (but shall not be obligated)
to deliver any instruction contemplated in this Section 3.02 that is not timely delivered by or on behalf of any Co-Issuer. 

  
 6 

 Section 3.03    Certain Distributions
from Series 2021-1 Distribution Accounts. On each Quarterly Payment Date, based solely upon the most recent Quarterly Manager’s Certificate, the Trustee shall, in accordance with
Section 6.1 of the Base Indenture, remit (i) to the Series 2021-1 Class A-1 Noteholders from the Series 2021-1 Class A-1 Distribution Account, the amounts withdrawn from the Senior Notes Interest Account, Class A-1 Senior Notes
Commitment Fees Account and Senior Notes Principal Payments Account, pursuant to Section 5.12(a), (d), or (g), as applicable, of the Base Indenture, and deposited in the Series
2021-1 Class A-1 Distribution Account for the payment of interest and fees and, to the extent applicable, principal on such Quarterly Payment Date and (ii) to
the Series 2021-1 Class A-2 Noteholders from the Series 2021-1 Class A-2
Distribution Account, the amounts withdrawn from the Senior Notes Interest Account and Senior Notes Principal Payments Account, as applicable, pursuant to Section 5.12(a), (c) or (g), as applicable, of the
Base Indenture, and deposited in the Series 2021-1 Class A-2 Distribution Account for the payment of interest and, to the extent applicable, principal on such
Quarterly Payment Date. 
 Section 3.04    Series
2021-1 Class A-1 Interest and Certain Fees. 

(a)    Series 2021-1
Class A-1 Note Rate and L/C Fees. From and after the Series 2021-1 Closing Date, the applicable portions of the Series 2021-1 Class A-1 Outstanding Principal Amount will accrue (i) interest at the Series 2021-1
Class A-1 Note Rate and (ii) Series 2021-1 Class A-1 L/C Fees at the applicable rates provided therefor in the
Series 2021-1 Class A-1 Note Purchase Agreement. Such accrued interest and fees will be due and payable in arrears on each Quarterly Payment Date from amounts that
are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base
Indenture, commencing on July 26, 2021; provided that in any event all accrued but unpaid interest and fees shall be paid in full on the Series 2021-1 Legal Final Maturity Date, on any Series 2021-1 Prepayment Date with respect to a prepayment in full of the Series 2021-1 Class A-1 Notes, on any day when the Commitments
are terminated in full or on any other day on which all of the Series 2021-1 Class A-1 Outstanding Principal Amount is required to be paid in full. To the extent
any such amount is not paid when due, such unpaid amount will accrue interest at the Series 2021-1 Class A-1 Note Rate. 

(b)    Undrawn Commitment Fees. From and after the Series 2021-1 Closing
Date, Undrawn Commitment Fees will accrue as provided in the Series 2021-1 Class A-1 Note Purchase Agreement. Such accrued fees will be due and payable in arrears
on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with
Section 5.12 of the Base Indenture, commencing on July 26, 2021. To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 2021-1 Class A-1 Note Rate. 
 (c)    Series
2021-1 Class A-1 Post-Renewal Date Contingent Interest. From and after the Series 2021-1 Class A-1 Senior Notes Renewal Date, if the Series 2021-1 Final Payment has not been made, additional interest will accrue on the Series
2021-1 Class A-1 Outstanding Principal Amount (excluding any Undrawn L/C Face Amounts included therein) at an annual rate equal to 5% per annum (the “Series
2021-1 Class A-1 Post-Renewal Date Contingent Interest Rate”) in addition to the regular interest that will continue to accrue at the Series 2021-1 Class A-1 Note Rate. All computations of Series 2021-1 Class A-1 Post-Renewal
Date Contingent Interest shall be made on the basis of a 360-day year consisting of twelve 30-day months. Any Series 2021-1 Class A-1 Post-Renewal Date Contingent Interest will be due and payable on any applicable Quarterly Payment Date, as and when amounts are made available for payment thereof (i) on any related Weekly
Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so made available, and failure to pay any Series 2021-1 Class A-1 Post-Renewal Date Contingent Interest in excess of such amounts will not be an Event of Default and interest will not accrue on any unpaid portion
thereof. 

  
 7 

 (d)    Series 2021-1
Class A-1 Initial Interest Period. The initial Interest Period for the Series 2021-1 Class A-1 Notes
shall commence on the Series 2021-1 Closing Date and end on (but exclude) the day that is two (2) Business Days prior to the Accounting Date with respect to the Quarterly Payment Date occurring in July
2021. 
 Section 3.05    Series 2021-1
Class A-2 Interest. 
 (a)    Series 2021-1 Class A-2 Note Rate. From the Series 2021-1 Closing Date until the Series
2021-1 Class A-2 Outstanding Principal Amount with respect to a Subclass has been paid in full, the Outstanding Principal Amount of such Subclass of the Series 2021-1 Class A-2 Notes (after giving effect to all payments of principal made to Series 2021-1 Noteholders as of the first day of
such Interest Period and also giving effect to payments, repurchases and cancellations of Series 2021-1 Class A-2 Notes during such Interest Period) shall accrue
interest at the Series 2021-1 Class A-2 Note Rate applicable to such Subclass for such Interest Period. Such accrued interest shall be due and payable in arrears on
each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with
Section 5.12 of the Base Indenture, commencing on July 26, 2021; provided that in any event (x) all accrued but unpaid interest with respect to each Subclass shall be due and payable in full on the Series 2021-1 Legal Final Maturity Date, on any Series 2021-1 Prepayment Date with respect to a prepayment in full of the Outstanding Principal Amount of such Subclass of the Series 2021-1 Class A-2 Notes or on any other day on which all of the Series 2021-1
Class A-2 Outstanding Principal Amount of such Subclass is required to be paid in full and (y) in the event of a prepayment, in full or in part, of the Series
2021-1 Class A-2 Notes, all accrued and unpaid interest on the principal amount so prepaid shall be paid on the applicable Series
2021-1 Prepayment Date. To the extent any interest accruing on a Subclass at the Series 2021-1 Class A-2 Note Rate is not
paid when due, such unpaid interest shall accrue interest at the Series 2021-1 Class A-2 Note Rate for such Subclass. Computations of interest at the Series 2021-1 Class A-2 Note Rate shall be calculated on the basis of a 360-day year consisting of twelve
30-day months. 
 (b)    Series
2021-1 Class A-2 Post-ARD Contingent Interest. 

(i)    Post-ARD Contingent Interest. From and after the Series 2021-1 Anticipated Repayment Date applicable to a Subclass of the Series 2021-1 Class A-2 Notes until the Series 2021-1 Class A-2 Outstanding Principal Amount with respect to such Subclass has been paid in full, additional interest (the “Series
2021-1 Class A-2 Post-ARD Contingent Interest”) shall accrue on the Outstanding Principal Amount of
such Subclass at an annual interest rate (the “Series 2021-1 Class A-2 Post-ARD Contingent Interest
Rate”) which for the Series 2021-1 Class A-2-I Notes and the Series 2021-1 Class A-2-II Notes shall be equal to the greater of (a) 5% per annum and (b) a per annum rate equal to the excess, if any, by which (i) the sum of the yield to
maturity (adjusted to a quarterly bond-equivalent basis), on such Subclass’ Series 2021-1 Anticipated Repayment Date of the United States Treasury Security having a term closest to 10 years plus 5%
plus (A) with respect to the Series 2021-1 Class A-2-I Notes, 1.30% and (B) with respect to the Series 2021-1 Class A-2-II Notes, 1.55%, exceeds (ii) the Series 2021-1 Class A-2 Note Rate for such Subclass. Computations of Series 2021-1 Class A-2
Post-ARD Contingent Interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. 

(ii)    Payment of Series 2021-1 Class A-2 Post-ARD Contingent Interest. Any Series 2021-1 Class A-2 Post-ARD Contingent Interest shall be due and payable on any applicable Quarterly Payment Date only as and when amounts are made available for payment thereof (i) on any related Weekly Allocation Date in
accordance with the Priority of Payments and (ii) on such Quarterly 

  
 8 

 
Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so available. The failure to pay any Series
2021-1 Class A-2 Post-ARD Contingent Interest on any applicable Quarterly Payment Date (including on the Series 2021-1 Legal Final Maturity Date) in excess of amounts available therefor in accordance with the Priorities of Payment will not be an Event of Default and interest will not accrue on any unpaid portion thereof. 

(c)    Series 2021-1
Class A-2 Initial Interest Period. The initial Interest Period for the Series 2021-1 Class A-2 Notes
shall commence on the Series 2021-1 Closing Date and end on (but exclude) July 25, 2021. 

Section 3.06    Payment of Series 2021-1 Note
Principal. 
 (a)    Series 2021-1 Senior Notes Principal Payment at
Legal Maturity. The Series 2021-1 Outstanding Principal Amount shall be due and payable on the Series 2021-1 Legal Final Maturity Date. The Series 2021-1 Outstanding Principal Amount is not prepayable, in whole or in part, except as set forth in this Section 3.06 and, in respect of the Series
2021-1 Class A-1 Outstanding Principal Amount, Section 2.02 of this Series 2021-1 Supplement. 

(b)    Series 2021-1 Anticipated Repayment. The Series 2021-1 Final Payment is anticipated to occur (i) with respect to the Series 2021-1 Class A-1 Notes, on the Series 2021-1 Class A-1 Senior Notes Renewal Date, (ii) with respect to the Series 2021-1 Class A-2-I Notes, on or before the Quarterly Payment Date occurring in October 2028 and (iii) with respect to the Series 2021-1 Class A-2-II Notes, on the Quarterly Payment Date occurring in April 2031 (each such Quarterly Payment Date, the “Series
2021-1 Anticipated Repayment Date” with respect to such Subclass). The initial Series 2021-1 Class A-1 Senior Notes
Renewal Date will be the Quarterly Payment Date occurring in April 2026, unless extended as provided below in this Section 3.06(b). 

(i)    First Extension Election. Subject to the conditions set forth in
Section 3.06(b)(iii) of this Series 2021-1 Supplement, the Manager shall have the option on or before the Quarterly Payment Date occurring in April 2026 to elect (the “Series 2021-1 First Extension Election”) to extend the Series 2021-1 Class A-1 Senior Notes Renewal Date to the Quarterly
Payment Date occurring in April 2027 by delivering written notice to the Trustee and the Control Party; provided that upon such extension, the Quarterly Payment Date occurring in April 2027 shall become the Series 2021-1 Class A-1 Senior Notes Renewal Date. 

(ii)    Second Extension Election. Subject to the conditions set forth in
Section 3.06(b)(iii) of this Series 2021-1 Supplement, if the Series 2021-1 First Extension Election has been made and has become effective,
the Manager shall have the option on or before the Quarterly Payment Date occurring in April 2027 to elect (the “Series 2021-1 Second Extension Election”) to extend the Series 2021-1 Class A-1 Senior Notes Renewal Date to the Quarterly Payment Date occurring in April 2028 by delivering written notice to the Trustee and the Control Party;
provided that upon such extension, the Quarterly Payment Date occurring in April 2028 shall become the Series 2021-1 Class A-1 Senior Notes Renewal Date.

 (iii)    Conditions Precedent to Extension Elections. It shall be a condition to the effectiveness of the
Series 2021-1 Extension Elections that, in the case of the Series 2021-1 First Extension Election, on the Quarterly Payment Date occurring in April 2026, or in the case
of the Series 2021-1 Second Extension Election, on the Quarterly Payment Date occurring in April 2027, (a) the Quarterly DSCR is greater than or equal to 2.75 (calculated with respect to the most recently
ended Quarterly Collection Period), and (b) either (1) the rating assigned to the Series 2021-1 Class A-2 Notes by S&P has not been downgraded below
“BBB+” or withdrawn or (2) the Series 2021-1 Class A-2 Notes have been downgraded below “BBB+” by S&P or their rating has been
withdrawn by S&P but such downgrade or withdrawal was caused primarily by the bankruptcy, insolvency or other financial difficulty 

  
 9 

 
experienced by any entity other than an Affiliate of Holdco. Any notice given pursuant to Section 3.06(b)(i) or (ii) of this Series 2021-1 Supplement shall be irrevocable; provided that if the conditions set forth in this Section 3.06(b)(iii) are not met as of the applicable extension date, the election set forth
in such notice shall automatically be deemed ineffective. 
 (c)    Payment of Series
2021-1 Class A-2 Scheduled Principal Payments. Series 2021-1
Class A-2 Scheduled Principal Payments with respect to each Subclass will be due and payable on any applicable Quarterly Payment Date, as and when amounts are made available for payment thereof
(i) on any related Weekly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so available, and
failure to pay any Series 2021-1 Class A-2 Scheduled Principal Payment in excess of such amounts will not be an Event of Default; provided, that no Series 2021-1 Class A-2 Scheduled Principal Payment will be due and payable on any Quarterly Payment Date if the Series Non-Amortization
Test is met with respect to such date; and provided, further, that, even if the Series Non-Amortization Test is met with respect to such date, at the option of the Master Issuer, and prior to the
Series 2021-1 Anticipated Repayment Date for such Subclass, all or part of the Series 2021-1 Class A-2 Scheduled Principal
Payment Amount with respect to such Subclass may be paid on any Quarterly Payment Date. 
 (d)    Series 2021-1 Senior Notes Mandatory Payments of Principal. 
 (i)    If a Change of
Control to which the Control Party (acting at the direction of the Controlling Class Representative) has not waived or provided its prior written consent occurs, the Co-Issuers shall prepay all the Series
2021-1 Senior Notes in full by (A) depositing within ten Business Days of the date on which such Change of Control occurs an amount equal to the Series 2021-1
Outstanding Principal Amount and all other amounts that are or will be due and payable with respect to each Subclass of the Series 2021-1 Senior Notes under the Indenture Documents as of the applicable Series 2021-1 Prepayment Date referred to in clause (D) below (including all interest and fees accrued to such date, any Series 2021-1
Class A-2 Make-Whole Prepayment Premium for each Subclass required to be paid in connection therewith pursuant to Section 3.06(e) of this Series
2021-1 Supplement and any associated Series 2021-1 Class A-1 Breakage Amounts incurred as a result of such prepayment
(calculated in accordance with the Series 2021-1 Class A-1 Note Purchase Agreement)) in the applicable Series 2021-1
Distribution Accounts, (B) reimbursing the Trustee, the Servicer and the Manager, as applicable, for any unreimbursed Servicing Advances and Manager Advances (in each case, with interest thereon at the Advance Interest Rate), (C) delivering
Prepayment Notices in accordance with Section 3.06(g) of this Series 2021-1 Supplement and (D) directing the Trustee to distribute such amount set forth in clause
(A) to the Series 2021-1 Noteholders of each Subclass on the Series 2021-1 Prepayment Date specified in such Prepayment Notices. 

(ii)    During any Rapid Amortization Period, principal payments shall be due and payable on each Quarterly Payment Date
on the applicable Subclass of Series 2021-1 Senior Notes as and when amounts are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments
and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so available, together with any Series 2021-1 Class A-2 Make-Whole Prepayment Premium for such Subclass required to be paid in connection therewith pursuant to Section 3.06(e) of this Series
2021-1 Supplement; provided, for avoidance of doubt, that it shall not constitute an Event of Default if any such Series 2021-1
Class A-2 Make-Whole Prepayment Premium is not paid because insufficient funds are available to pay such Series 2021-1
Class A-2 Make-Whole Prepayment Premium in accordance with the Priority of Payments. Such payments shall be (A) in the case of the Series 2021-1 Class A-1 Noteholders, allocated in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series
2021-1 Class A-1 Note Purchase Agreement and (B) in the case of the Noteholders of the Series 2021-1 Class A-2 Notes, ratably allocated among the Series 2021-1 Noteholders within such Subclass based on their respective portion of the Series
2021-1 Outstanding Principal Amount of such Subclass. 

  
 10 

 (iii)    During any Series
2021-1 Class A-1 Senior Notes Amortization Period, principal payments shall be due and payable on each Quarterly Payment Date on the applicable Series 2021-1 Class A-1 Notes as and when amounts are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of
Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so available. Such payments shall be allocated among the Series
2021-1 Class A-1 Noteholders, in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series 2021-1 Class A-1 Note Purchase Agreement. 

(e)    Series 2021-1 Class A-2
Make-Whole Prepayment Premium Payments. In connection with any mandatory prepayment of any Series 2021-1 Class A-2 Notes made pursuant to
Section 3.06(d)(i), Section 3.06(d)(ii) or Section 3.06(i) of this Series 2021-1 Supplement upon a Change of Control, in connection
with any Real Estate Disposition Proceeds, or during any Rapid Amortization Period, or in connection with any optional prepayment of any Subclass of the Series 2021-1
Class A-2 Notes made pursuant to Section 3.06(f) of this Series 2021-1 Supplement, in each case prior to the applicable Series 2021-1 Anticipated Repayment Date (each, a “Series 2021-1 Prepayment”), the Co-Issuers shall pay, in the manner
described herein, the Series 2021-1 Class A-2 Make-Whole Prepayment Premium to the Series 2021-1 Class A-2 Noteholders of each such Subclass being prepaid with respect to the applicable Series 2021-1 Prepayment Amount; provided that no such Series 2021-1 Class A-2 Make-Whole Prepayment Premium shall be payable in connection (A) (i) with respect to the Series 2021-1 Class A-2-I Notes, prepayments made on or after the Quarterly Payment Date in October 2025, and (ii) with respect to the Series
2021-1 Class A-2-II Notes, prepayments made on or after the Quarterly Payment Date in April 2028, (with respect to each
Subclass, the dates set forth in clauses (i) and (ii), the “Make-Whole End Date” for such Subclass); provided that if all Outstanding Notes will be prepaid (including by refinancing) in full, with respect to the Series 2021-1 Class A-2-II Notes, on any day from and including the Quarterly Payment Date in July 2024 to and including the Quarterly
Payment Date in July 2025, such prepayment will be made for a redemption price equal to 101.00% of the outstanding principal balance of the Series 2021-1 Class A-2-II Notes being redeemed on such prepayment date, (B) with any prepayment made in connection with Indemnification Payments, and (C) with Series
2021-1 Class A-2 Scheduled Principal Payments (including those paid at the election of the Master Issuer if the Series
Non-Amortization Test is satisfied) and any Series 2021-1 Class A-2 Scheduled Principal Deficiency Amounts. 

(f)    Optional Prepayment of Series 2021-1 Class A-2 Notes. Subject to Section 3.06(e) and (g) of this Series 2021-1 Supplement, the
Co-Issuers shall have the option to prepay the Outstanding Principal Amount of a Subclass of the Series 2021-1 Class A-2
Notes in full or in part on any Business Day, including on any date a mandatory prepayment may be made and that is specified as the Series 2021-1 Prepayment Date in the applicable Prepayment Notices;
provided, that the Co-Issuers shall not make any optional prepayment in part of any Subclass of Series 2021-1
Class A-2 Notes pursuant to this Section 3.06(f) in a principal amount for any single prepayment of less than $5,000,000 (except that any such prepayment may be in a principal
amount less than such amount if payment on such Notes is in full on such date pursuant to this Series 2021-1 Supplement); provided, further, that no such optional prepayment may be made unless
(i) the funds on deposit in the Senior Notes Principal Payments Account that are allocable to the Subclass or Subclasses of the Series 2021-1 Class A-2 Notes
to be prepaid are sufficient to pay the principal amount of the Subclass or Subclasses of Series 2021-1 Class A-2 Notes to be prepaid and the Series 2021-1 Class A-2 Make-Whole Prepayment Premium required pursuant to Section 3.06(e), in each case, payable on the relevant Series 2021-1 Prepayment Date; (ii) the funds on deposit in the Senior Notes Interest Account that are allocable to the Series 2021-1
Class A-2 Outstanding Principal Amount to be prepaid are sufficient to pay (A) the Series 2021-1 Class A-2
Quarterly Interest to 

  
 11 

 
but excluding the relevant Series 2021-1 Prepayment Date relating to the Series 2021-1 Class A-2 Outstanding Principal Amount to be prepaid and (B) only if such optional prepayment is a prepayment in full of all Series 2021-1 Senior Notes, (x) the
Series 2021-1 Class A-2 Post-ARD Contingent Interest and (y) all Securitization Operating Expenses, to the extent
attributable to the Series 2021-1 Class A-2 Notes; and (iii) the Co-Issuers shall reimburse the Trustee, the Servicer
and the Manager, as applicable, for any unreimbursed Servicing Advances and Manager Advances (in each case, with interest thereon at the Advance Interest Rate). The Co-Issuers may prepay a Series of Notes in
full at any time regardless of the number of prior optional prepayments or any minimum payment requirement. 

(g)    Notices of Prepayments. The Co-Issuers shall give prior written
notice (each, a “Prepayment Notice”) at least ten (10) Business Days but not more than twenty (20) Business Days prior to any Series 2021-1 Prepayment pursuant to
Section 3.06(d)(i) or Section 3.06(f) of this Series 2021-1 Supplement to each Series 2021-1 Noteholder of the
Subclass to receive such Series 2021-1 Prepayment, each of the Rating Agencies, the Servicer, the Control Party and the Trustee; provided that at the request of the
Co-Issuers, such notice to the Series 2021-1 Noteholders receiving such Series 2021-1 Prepayment shall be given by the Trustee in
the name and at the expense of the Co-Issuers. In connection with any such Prepayment Notice, the Co-Issuers shall provide a written report to the Trustee directing the
Trustee to distribute such prepayment in accordance with the applicable provisions of Section 3.06(j) of this Series 2021-1 Supplement. With respect to each such Series 2021-1 Prepayment, the related Prepayment Notice shall, in each case, specify (A) the Series 2021-1 Prepayment Date on which such prepayment will be made, which in all
cases shall be a Business Day and, in the case of a mandatory prepayment upon a Change of Control, shall be no more than 10 Business Days after the occurrence of such event, (B) the aggregate principal amount of the applicable Subclass to be
prepaid on such date (such amount for each Subclass, together with all accrued and unpaid interest thereon to such date, a “Series 2021-1 Prepayment Amount”) and (C) the date on which the
applicable Series 2021-1 Class A-2 Make-Whole Prepayment Premium, if any, to be paid in connection therewith will be calculated, which calculation date shall be no
earlier than the fifth Business Day before such Series 2021-1 Prepayment Date (the “Series 2021-1 Make-Whole Premium Calculation Date”). Any such
optional prepayment and Prepayment Notice may, in the Co-Issuers’ discretion, be subject to the satisfaction of one or more conditions precedent (including the contemporaneous closing of a financing the
proceeds of which will be used to fund all or a portion of such prepayment). The Co-Issuers shall have the option, by written notice to the Trustee, the Control Party, the Rating Agencies and the Series 2021-1 Noteholders expected to receive such Series 2021-1 Prepayment, to revoke, or amend the Series 2021-1 Prepayment Date set forth
in (x) any Prepayment Notice relating to an optional prepayment at any time up to the second Business Day before the Series 2021-1 Prepayment Date set forth in such Prepayment Notice and (y) subject
to the requirements of the preceding sentence, any Prepayment Notice relating to mandatory prepayment upon a Change of Control at any time up to the earlier of (I) the occurrence of such event and (II) the second Business Day before the
Series 2021-1 Prepayment Date set forth in such Prepayment Notice; provided that in no event shall any Series 2021-1 Prepayment Date be amended to a date earlier
than the second Business Day after such amended notice is given. Any Prepayment Notice shall become irrevocable two Business Days prior to the date specified in the Prepayment Notice as the Series 2021-1
Prepayment Date. All Prepayment Notices shall be (i) transmitted by facsimile or email to (A) each Series 2021-1 Noteholder of the Subclass subject to such Prepayment Notice to the extent such Series
2021-1 Noteholder has provided a facsimile number or email address to the Trustee and (B) to each of the Rating Agencies, the Servicer and the Trustee and (ii) sent by registered mail to each
affected Series 2021-1 Noteholder. For the avoidance of doubt, a Voluntary Decrease in respect of the Series 2021-1
Class A-1 Notes is governed by Section 2.02 of this Series 2021-1 Supplement and not by this Section 3.06. A
Prepayment Notice may be revoked or amended by any Co-Issuer if the Trustee receives written notice of such revocation or amendment no later than 10:00 a.m. (New York City time) two Business Days prior to such
Series 2021-1 Prepayment Date. The Co-Issuers shall give written notice of such revocation to the Servicer, and at the request of the
Co-Issuers, the Trustee shall forward the notice of revocation or amendment to the Series 2021-1 Noteholders. 

  
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 (h)    Series 2021-1
Prepayments. On each Series 2021-1 Prepayment Date with respect to any Series 2021-1 Prepayment, the Series 2021-1 Prepayment
Amount and the Series 2021-1 Class A-2 Make-Whole Prepayment Premium, if any, and any associated Series 2021-1 Class A-1 Breakage Amounts applicable to such Series 2021-1 Prepayment shall be due and payable. The Co-Issuers shall pay the
Series 2021-1 Prepayment Amount together with the applicable Series 2021-1 Class A-2 Make-Whole Prepayment Premium, if any,
with respect to such Series 2021-1 Prepayment Amount, by, to the extent not already deposited therein pursuant to Section 3.06(d)(i) or (f) of this Series 2021-1 Supplement, depositing such amounts in the applicable Series 2021-1 Distribution Account on or prior to the related Series
2021-1 Prepayment Date to be distributed in accordance with Section 3.06(j) of this Series 2021-1 Supplement. 

(i)    Indemnification Payments; Real Estate Disposition Proceeds. Any Indemnification Payments or Real Estate
Disposition Proceeds allocated to the Senior Notes Principal Payments Account in accordance with Section 5.11(i) of the Base Indenture shall be withdrawn from the Senior Notes Principal Payments Account in accordance with
Section 5.12(g) of the Base Indenture, and any funds allocable to the Series 2021-1 Senior Notes shall be deposited in the applicable Series
2021-1 Distribution Accounts and used to prepay first, if a Series 2021-1 Class A-1 Senior Notes Amortization Period
is continuing, the Series 2021-1 Class A-1 Notes (in accordance with the order of distribution of principal payments set forth in
Section 4.02 of the Series 2021-1 Class A-1 Note Purchase Agreement), second, to each Subclass of the Series 2021-1 Class A-2 Notes pro rata (based on their respective portion of the Series 2021-1
Class A-2 Outstanding Principal Amount), and third, provided that clause first does not apply, the Series 2021-1
Class A-1 Notes (in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series 2021-1 Class A-1 Note Purchase Agreement), on the Quarterly Payment Date immediately succeeding such deposit. In connection with any prepayment made with Indemnification Payments pursuant to this
Section 3.06(i), the Co-Issuers shall not be obligated to pay any prepayment premium. The Co-Issuers shall, however, be obligated to pay any
applicable Series 2021-1 Class A-2 Make-Whole Prepayment Premium required to be paid pursuant to Section 3.06(e) of this Series 2021-1 Supplement in connection with any prepayment made with Real Estate Disposition Proceeds pursuant to this Section 3.06(i); provided, for avoidance of doubt, that it shall not
constitute an Event of Default if any such Series 2021-1 Class A-2 Make-Whole Prepayment Premium is not paid because insufficient funds are available to pay such
Series 2021-1 Class A-2 Make-Whole Prepayment Premium, in accordance with the Priority of Payments. 

(j)    Series 2021-1 Prepayment Distributions. 

(i)    On the Series 2021-1 Prepayment Date for each Series 2021-1 Prepayment to be made pursuant to this Section 3.06 in respect of the Series 2021-1 Class A-1
Notes, the Trustee shall, in accordance with Section 6.1 of the Base Indenture (except that notwithstanding anything to the contrary therein, references to the distributions being made on a Quarterly Payment Date shall be
deemed to be references to distributions made on such Series 2021-1 Prepayment Date and references to the Record Date shall be deemed to be references to the Prepayment Record Date) and based solely upon the
applicable written report provided to the Trustee pursuant to Section 3.06(g) of this Series 2021-1 Supplement, wire transfer to the Series
2021-1 Class A-1 Noteholders of record on the applicable Prepayment Record Date, in accordance with the order of distribution of principal payments set forth in
Section 4.02 of the Series 2021-1 Class A-1 Note Purchase Agreement, the amount deposited in the Series
2021-1 Class A-1 Distribution Account pursuant to this Section 3.06, if any, in order to repay the applicable portion of the Series 2021-1 Class A-1 Outstanding Principal Amount and pay all accrued and unpaid interest thereon up to such Series 2021-1 Prepayment
Date and any associated Series 2021-1 Class A-1 Breakage Amounts incurred as a result of such prepayment. 

  
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 (ii)    On the Series 2021-1
Prepayment Date for each Series 2021-1 Prepayment to be made pursuant to this Section 3.06 in respect of the Series 2021-1 Class A-2 Notes, the Trustee shall, in accordance with Section 6.1 of the Base Indenture (except that notwithstanding anything to the contrary therein, references to the distributions
being made on a Quarterly Payment Date shall be deemed to be references to distributions made on such Series 2021-1 Prepayment Date and references to the Record Date shall be deemed to be references to the
Prepayment Record Date) and based solely upon the applicable written report provided to the Trustee pursuant to Section 3.06(g) of this Series 2021-1 Supplement, for each Subclass
receiving a Series 2021-1 Prepayment, wire transfer to the Series 2021-1 Class A-2 Noteholders of record on the preceding
Prepayment Record Date for such Subclass on a pro rata basis, based on their respective portion of the Series 2021-1 Class A-2 Outstanding Principal Amount,
the amount deposited in the Series 2021-1 Class A-2 Distribution Account pursuant to this Section 3.06, if any, in order to repay the
applicable portion of the Series 2021-1 Class A-2 Outstanding Principal Amount of such Subclass and pay all accrued and unpaid interest thereon up to such Series 2021-1 Prepayment Date and any Series 2021-1 Class A-2 Make-Whole Prepayment Premium due to Series
2021-1 Class A-2 Noteholders of such Subclass payable on such date. 

(k)    Series 2021-1 Notices of Final Payment. The Co-Issuers shall notify the Trustee, the Servicer and each of the Rating Agencies on or before the Prepayment Record Date preceding the Series 2021-1 Prepayment Date that will
be the Series 2021-1 Final Payment Date for a Subclass; provided, however, that with respect to any Series 2021-1 Final Payment that is made in
connection with any mandatory or optional prepayment in full, the Co-Issuers shall not be obligated to provide any additional notice to the Trustee or the Rating Agencies of such Series 2021-1 Final Payment beyond the notice required to be given in connection with such prepayment pursuant to Section 3.06(g) of this Series 2021-1
Supplement. The Trustee shall provide any written notice required under this Section 3.06(k) to each Person in whose name a Series 2021-1 Senior Note for such Subclass is registered
at the close of business on such Prepayment Record Date of the Series 2021-1 Prepayment Date that will be the Series 2021-1 Final Payment Date. Such written notice to be
sent to the Series 2021-1 Noteholders of such Subclass shall be made at the expense of the Co-Issuers and shall be mailed by the Trustee within five (5) Business
Days of receipt of notice from the Co-Issuers indicating that the Series 2021-1 Final Payment will be made and shall specify that such Series 2021-1 Final Payment shall be payable only upon presentation and surrender (or deregistration, in the case of Uncertificated Notes) of the Series 2021-1 Senior Notes of such
Subclass and shall specify the place where the Series 2021-1 Senior Notes of such Subclass may be presented and surrendered (or deregistered, in the case of Uncertificated Notes) for such Series 2021-1 Final Payment. 
 Section 3.07    Series 2021-1 Class A-1 Distribution Account. 

(a)    Establishment of Series 2021-1 Class A-1 Distribution Account. The Trustee has established and shall maintain in the name of the Trustee for the benefit of the Series 2021-1 Class A-1 Noteholders an account (the “Series 2021-1 Class A-1 Distribution Account”), bearing
a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2021-1 Class A-1 Noteholders. The Series 2021-1 Class A-1 Distribution Account shall be an Eligible Account. Initially, the Series 2021-1
Class A-1 Distribution Account will be established with the Trustee. 

(b)    Administration of the Series 2021-1 Class A-1 Distribution Account. All amounts held in the Series 2021-1 Class A-1 Distribution Account shall be invested in
Permitted Investments at the written direction (which may be standing directions) of the Master Issuer; provided, however, that any such investment in the Series 2021-1 Class A-1 Distribution Account shall mature not later than the Business Day prior to the first Quarterly Payment Date following the date on which such funds were received or such other date on which any such
funds are scheduled to be paid to the Series 2021-1 Class A-1 Noteholders. In the absence of written investment instructions hereunder, funds on deposit in the
Series 2021-1 Class A-1 Distribution Account shall be invested at the direction of the 

  
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Master Issuer as fully as practicable in one or more Permitted Investments of the type described in clause (b) of the definition thereof. The Master Issuer shall not
direct (or permit) the disposal of any Permitted Investments prior to the maturity thereof if such disposal would result in a loss of any portion of the initial purchase price of such Permitted Investment. 

(c)    Earnings from Series 2021-1 Class A-1 Distribution Account. All interest and earnings (net of losses and investment expenses) paid on funds on deposit in the Series 2021-1 Class A-1 Distribution Account shall be deemed to be available and on deposit for distribution to the Series 2021-1 Class A-1
Noteholders. 
 (d)    Series 2021-1 Class A-1 Distribution Account Constitutes Additional Collateral for Series 2021-1 Class A-1 Notes. In order to
secure and provide for the repayment and payment of the Obligations with respect to the Series 2021-1 Class A-1 Notes, the
Co-Issuers hereby grant a security interest in and assign, pledge, grant, transfer and set over to the Trustee, for the benefit of the Series 2021-1 Class A-1 Noteholders, all of the Co-Issuers’ right, title and interest in and to the following (whether now or hereafter existing or acquired): (i) the Series 2021-1 Class A-1 Distribution Account, including any security entitlement with respect thereto; (ii) all funds and other property (including, without limitation,
Financial Assets) on deposit therein from time to time; (iii) all certificates and instruments, if any, representing or evidencing any or all of the Series 2021-1
Class A-1 Distribution Account or the funds on deposit therein from time to time; (iv) all investments made at any time and from time to time with monies in the Series
2021-1 Class A-1 Distribution Account, whether constituting securities, instruments, general intangibles, investment property, financial assets or other property;
(v) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for the Series 2021-1 Class A-1 Distribution Account, the funds on deposit therein from time to time or the investments made with such funds; and (vi) all proceeds of any and all of the foregoing, including, without limitation,
cash (the items in the foregoing clauses (i) through (vi) are referred to, collectively, as the “Series 2021-1 Class A-1
Distribution Account Collateral”). 
 (e)    Termination of Series
2021-1 Class A-1 Distribution Account. On or after the date on which (1) all accrued and unpaid interest on and principal of all Outstanding
Series 2021-1 Class A-1 Notes have been paid, (2) all Undrawn L/C Face Amounts have expired or have been cash collateralized in accordance with the terms of
the Series 2021-1 Class A-1 Note Purchase Agreement (after giving effect to the provisions of Section 4.04 of the Series 2021-1 Class A-1 Note Purchase Agreement), (3) all fees and expenses and other amounts then due and payable under the Series
2021-1 Class A-1 Note Purchase Agreement have been paid and (4) all Series 2021-1
Class A-1 Commitments have been terminated in full, the Trustee, acting in accordance with the written instructions of the Master Issuer, shall withdraw from the Series
2021-1 Class A-1 Distribution Account all amounts on deposit therein for distribution pursuant to the Priority of Payments. 

Section 3.08    Series 2021-1
Class A-2 Distribution Account. 

(a)    Establishment of Series 2021-1 Class A-2 Distribution Account. The Trustee has established and shall maintain in the name of the Trustee for the benefit of the Series 2021-1 Class A-2 Noteholders an account (the “Series 2021-1 Class A-2 Distribution Account”), bearing
a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 2021-1 Class A-2 Noteholders. The Series 2021-1 Class A-2 Distribution Account shall be an Eligible Account. Initially, the Series 2021-1
Class A-2 Distribution Account will be established with the Trustee. 

(b)    Administration of the Series 2021-1 Class A-2 Distribution Account. All amounts held in the Series 2021-1 Class A-2 Distribution Account shall be invested in the
Permitted Investments at the written direction (which may be standing directions) of the Master Issuer; provided, however, that any such investment in the Series 2021-1 Class A-2 Distribution Account shall mature not 

  
 15 

 
later than the Business Day prior to the first Quarterly Payment Date following the date on which such funds were received or such other date on which any such funds are scheduled to be paid to
the Series 2021-1 Class A-2 Noteholders. In the absence of written investment instructions hereunder, funds on deposit in the Series
2021-1 Class A-2 Distribution Account shall be invested at the direction of the Master Issuer as fully as practicable in one or more Permitted Investments of the
type described in clause (b) of the definition thereof. The Master Issuer shall not direct (or permit) the disposal of any Permitted Investments prior to the maturity thereof if such disposal would result in a loss of any portion of the
initial purchase price of such Permitted Investment. 
 (c)    Earnings from Series
2021-1 Class A-2 Distribution Account. All interest and earnings (net of losses and investment expenses) paid on funds on deposit in the Series 2021-1 Class A-2 Distribution Account shall be deemed to be available and on deposit for distribution to the Series 2021-1 Class A-2 Noteholders. 
 (d)    Series
2021-1 Class A-2 Distribution Account Constitutes Additional Collateral for Series 2021-1 Class A-2 Notes. In order to secure and provide for the repayment and payment of the Obligations with respect to the Series 2021-1
Class A-2 Notes, the Co-Issuers hereby grant a security interest in and assign, pledge, grant, transfer and set over to the Trustee, for the benefit of the Series 2021-1 Class A-2 Noteholders, all of the Co-Issuers’ right, title and interest in and to the following (whether now or
hereafter existing or acquired): (i) the Series 2021-1 Class A-2 Distribution Account, including any security entitlement with respect thereto; (ii) all
funds and other property (including, without limitation, Financial Assets) on deposit therein from time to time; (iii) all certificates and instruments, if any, representing or evidencing any or all of the Series
2021-1 Class A-2 Distribution Account or the funds on deposit therein from time to time; (iv) all investments made at any time and from time to time with
monies in the Series 2021-1 Class A-2 Distribution Account, whether constituting securities, instruments, general intangibles, investment property, financial assets
or other property; (v) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for the Series 2021-1 Class A-2 Distribution Account, the funds on deposit therein from time to time or the investments made with such funds; and (vi) all proceeds of any and all of the foregoing, including, without limitation,
cash (the items in the foregoing clauses (i) through (vi) are referred to, collectively, as the “Series 2021-1 Class A-2
Distribution Account Collateral”). 
 (e)    Termination of Series
2021-1 Class A-2 Distribution Account. On or after the date on which all accrued and unpaid interest on and principal of all Outstanding Series 2021-1 Class A-2 Notes have been paid, the Trustee, acting in accordance with the written instructions of the Master Issuer, shall withdraw from the Series 2021-1 Class A-2 Distribution Account all amounts on deposit therein for distribution pursuant to the Priority of Payments. 

Section 3.09    Trustee as Securities Intermediary. 

(a)    The Trustee or other Person holding the Series 2021-1 Distribution Account
shall be the “Series 2021-1 Securities Intermediary.” If the Series 2021-1 Securities Intermediary in respect of the Series 2021-1 Distribution Accounts is not the Trustee, the Master Issuer shall obtain the express agreement of such other Person to the obligations of the Series 2021-1 Securities
Intermediary set forth in this Section 3.08. 
 (b)    The Series 2021-1 Securities Intermediary agrees that: 
 (i)    The Series 2021-1 Distribution Accounts are accounts to which Financial Assets will or may be credited; 

(ii)    The Series 2021-1 Distribution Accounts are
“securities accounts” within the meaning of Section 8-501 of the New York UCC and the Series 2021-1 Securities Intermediary qualifies as a
“securities intermediary” under Section 8-102(a) of the New York UCC; 

  
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 (iii)    All securities or other property (other than
cash) underlying any Financial Assets credited to any Series 2021-1 Distribution Account shall be registered in the name of the Series 2021-1 Securities Intermediary,
indorsed to the Series 2021-1 Securities Intermediary or in blank or credited to another securities account maintained in the name of the Series 2021-1 Securities
Intermediary, and in no case will any Financial Asset credited to any Series 2021-1 Distribution Account be registered in the name of the Master Issuer, payable to the order of the Master Issuer or specially
indorsed to the Master Issuer; 
 (iv)    All property delivered to the Series 2021-1 Securities Intermediary pursuant to this Series 2021-1 Supplement will be promptly credited to the appropriate Series 2021-1
Distribution Account; 
 (v)    Each item of property (whether investment property, security, instrument
or cash) credited to any Series 2021-1 Distribution Account shall be treated as a Financial Asset; 

(vi)    If at any time the Series 2021-1 Securities Intermediary
shall receive any entitlement order from the Trustee (including those directing transfer or redemption of any Financial Asset) relating to the Series 2021-1 Distribution Accounts, the Series 2021-1 Securities Intermediary shall comply with such entitlement order without further consent by the Master Issuer, any other Securitization Entity or any other Person; 

(vii)    (A) The Series 2021-1 Distribution Accounts shall be
governed by the laws of the State of New York, regardless of any provision of any other agreement; (B) for purposes of all applicable UCCs, the State of New York shall be deemed to be the Series 2021-1
Securities Intermediary’s jurisdiction and the Series 2021-1 Distribution Accounts (as well as the “security entitlements” (as defined in
Section 8-102(a)(17) of the New York UCC) related thereto) shall be governed by the laws of the State of New York; (C) with respect to each Trustee Account, the law in force in the State of New York
is applicable to all issues specified in Article 2(1) of the Hague Securities Convention; and (D) the Securities Intermediary represents that, on the date hereof, it has an office in the State of New York which is engaged in a business or other
regular activity of maintaining securities accounts; 
 (viii)    The Series 2021-1 Securities Intermediary has not entered into, and until termination of this Series 2021-1 Supplement, will not enter into, any agreement with any other Person relating
to the Series 2021-1 Distribution Accounts and/or any Financial Assets credited thereto pursuant to which it has agreed to comply with “entitlement orders” (as defined in Section 8-102(a)(8) of the New York UCC) of such other Person, and the Series 2021-1 Securities Intermediary has not entered into, and until the termination of this
Series 2021-1 Supplement will not enter into, any agreement with the Master Issuer purporting to limit or condition the obligation of the Series 2021-1 Securities
Intermediary to comply with entitlement orders as set forth in Section 3.09(b)(vi) of this Series 2021-1 Supplement; and 

(ix)    Except for the claims and interest of the Trustee, the Secured Parties and the Securitization
Entities in the Series 2021-1 Distribution Accounts, neither the Series 2021-1 Securities Intermediary nor, in the case of the Trustee, any Trust Officer knows of any
claim to, or interest in, any Series 2021-1 Distribution Account or any Financial 

  
 17 

 
Asset credited thereto. If the Series 2021-1 Securities Intermediary or, in the case of the Trustee, a Trust Officer has actual knowledge of the assertion
by any other person of any Lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against any Series 2021-1 Distribution Account or
any Financial Asset carried therein, the Series 2021-1 Securities Intermediary will promptly notify the Trustee, the Manager, the Servicer and the Master Issuer thereof. 

(c)    At any time after the occurrence and during the continuation of an Event of Default, the Trustee shall possess all
right, title and interest in all funds on deposit from time to time in the Series 2021-1 Distribution Accounts and in all proceeds thereof, and shall (acting at the direction of the Control Party (at the
direction of the Controlling Class Representative)) be the only Person authorized to originate entitlement orders in respect of the Series 2021-1 Distribution Accounts; provided, however,
that at all other times the Master Issuer shall be authorized to instruct the Trustee to originate entitlement orders in respect of the Series 2021-1 Distribution Accounts. 

Section 3.10    Manager. Pursuant to the Management Agreement, the Manager has
agreed to provide certain reports, notices, instructions and other services on behalf of the Master Issuer, Holdco and the other Co-Issuers. The Series 2021-1
Noteholders by their acceptance of the Series 2021-1 Senior Notes consent to the provision of such reports and notices to the Trustee by the Manager in lieu of the Master Issuer, Holdco or any other Co-Issuer. Any such reports and notices that are required to be delivered to the Series 2021-1 Noteholders hereunder shall be made available on the Trustee’s website in
the manner set forth in Section 4.04 of the Base Indenture. 

Section 3.11    Replacement of Ineligible Accounts. If, at any time, either of the
Series 2021-1 Class A-1 Distribution Account or the Series 2021-1 Class A-2
Distribution Account shall cease to be an Eligible Account (each, a “Series 2021-1 Ineligible Account”), the Master Issuer or any other Co-Issuer shall
(i) within five (5) Business Days of obtaining knowledge thereof, notify the Control Party thereof and (ii) within sixty (60) days of obtaining knowledge thereof, (A) establish, or cause to be established, a new account that
is an Eligible Account in substitution for such Series 2021-1 Ineligible Account, (B) following the establishment of such new Eligible Account, transfer or, with respect to the Trustee Accounts maintained
at the Trustee, instruct the Trustee in writing to transfer all cash and investments from such Series 2021-1 Ineligible Account into such new Eligible Account and (C) pledge, or cause to be pledged, such
new Eligible Account to the Trustee for the benefit of the Secured Parties and, if such new Eligible Account is not established with the Trustee, cause such new Eligible Account to be subject to an Account Control Agreement in form and substance
reasonably acceptable to the Control Party and the Trustee. 
 ARTICLE IV 

FORM OF SERIES 2021-1 SENIOR NOTES 

Section 4.01    Issuance of Series 2021-1
Class A-1 Notes. (a) The Series 2021-1 Class A-1 Advance Notes will be issued
in the form of definitive notes in fully registered form without interest coupons (other than any Uncertificated Notes), substantially in the form set forth in Exhibit
A-1-1 hereto, and will be issued to the Series 2021-1 Class A-1 Noteholders
(other than the Series 2021-1 Class A-1 Subfacility Noteholders) pursuant to and in accordance with the Series 2021-1 Class A-1 Note Purchase Agreement and shall be duly executed by the Co-Issuers and authenticated by the Trustee in the manner set forth in
Section 2.4 of the Base Indenture. Other than in accordance with this Series 2021-1 Supplement and the Series 2021-1 Class A-1 Note Purchase Agreement, the Series 2021-1 Class A-1 Advance Notes will not be permitted to be transferred,
assigned, exchanged or otherwise pledged or conveyed by such Series 2021-1 Class A-1 Noteholders. The Series 2021-1 Class A-1 Advance Notes shall bear a face amount equal in the aggregate to up to the then-applicable Series 2021-1 Class A-1

  
 18 

 
Maximum Principal Amount, and shall be initially issued on the Series 2021-1 Closing Date in an aggregate outstanding principal amount equal to the Series 2021-1 Class A-1 Initial Advance Principal Amount pursuant to Section 2.01(a) of this Series 2021-1
Supplement. The Trustee shall record any Increases or Decreases with respect to the Series 2021-1 Class A-1 Outstanding Principal Amount such that, subject to
Section 4.01(d) of this Series 2021-1 Supplement, the principal amount of the Series 2021-1
Class A-1 Advance Notes that are Outstanding accurately reflects all such Increases and Decreases. 

(b)    The Series 2021-1 Class A-1
Swingline Notes will be issued in the form of definitive notes in fully registered form without interest coupons (other than any Uncertificated Notes), substantially in the form set forth in Exhibit A-1-2 hereto, and will be issued to the Swingline Lender pursuant to and in accordance with the Series 2021-1 Class A-1
Note Purchase Agreement and shall be duly executed by the Co-Issuers and authenticated by the Trustee in the manner set forth in Section 2.4 of the Base Indenture. Other than in
accordance with this Series 2021-1 Supplement and the Series 2021-1 Class A-1 Note Purchase Agreement, the Series 2021-1 Class A-1 Swingline Notes will not be permitted to be transferred, assigned, exchanged or otherwise pledged or conveyed by the Swingline Lender. The Series 2021-1 Class A-1 Swingline Note shall bear a face amount equal in the aggregate to up to the Swingline Commitment as of the Series
2021-1 Closing Date, and shall be initially issued in an aggregate outstanding principal amount equal to the Series 2021-1
Class A-1 Initial Swingline Principal Amount pursuant to Section 2.01(b)(i) of this Series 2021-1 Supplement. The Trustee shall record any
Subfacility Increases or Subfacility Decreases with respect to the Swingline Loans such that, subject to Section 4.01(d) of this Series 2021-1 Supplement, the aggregate principal
amount of the Series 2021-1 Class A-1 Swingline Notes that is Outstanding accurately reflects all such Subfacility Increases and Subfacility Decreases. 

(c)    The Series 2021-1 Class A-1
L/C Notes will be issued in the form of definitive notes in fully registered form without interest coupons (other than any Uncertificated Notes), substantially in the form set forth in Exhibit A-1-3 hereto, and will be issued to the L/C Provider pursuant to and in accordance with the Series 2021-1 Class A-1
Note Purchase Agreement and shall be duly executed by the Co-Issuers and authenticated by the Trustee in the manner set forth in Section 2.4 of the Base Indenture. Other than in
accordance with this Series 2021-1 Supplement and the Series 2021-1 Class A-1 Note Purchase Agreement, the Series 2021-1 Class A-1 L/C Notes will not be permitted to be transferred, assigned, exchanged or otherwise pledged or conveyed by the L/C Provider. The Series 2021-1 Class A-1 L/C Notes shall bear a face amount equal in the aggregate to up to the L/C Commitment as of the Series 2021-1
Closing Date, and shall be initially issued in an aggregate amount equal to the Series 2021-1 Class A-1 Initial Aggregate Undrawn L/C Face Amount pursuant to
Section 2.01(b)(ii) of this Series 2021-1 Supplement. The Trustee shall record any Subfacility Increases or Subfacility Decreases with respect to Undrawn L/C Face Amounts or
Unreimbursed L/C Drawings, as applicable, such that, subject to Section 4.01(d) of this Series 2021-1 Supplement, the aggregate amount of the Series
2021-1 Class A-1 L/C Notes that is Outstanding accurately reflects all such Subfacility Increases and Subfacility Decreases. All Undrawn L/C Face Amounts shall be
deemed to be “principal” outstanding under the Series 2021-1 Class A-1 L/C Note for all purposes of the Indenture and the other Related Documents other
than for purposes of accrual of interest. 
 (d)    For the avoidance of doubt, notwithstanding that the aggregate face
amount of the Series 2021-1 Class A-1 Notes will exceed the Series 2021-1
Class A-1 Maximum Principal Amount, at no time will the principal amount actually outstanding of the Series 2021-1
Class A-1 Advance Notes, the Series 2021-1 Class A-1 Swingline Notes and the Series
2021-1 Class A-1 L/C Notes in the aggregate exceed the Series 2021-1 Class A-1
Maximum Principal Amount. 
 (e)    The Series 2021-1 Class A-1 Notes may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or as may,
consistently herewith, be determined by the 

  
 19 

 
Authorized Officers executing such Series 2021-1 Class A-1 Notes, as evidenced by their execution of the
Series 2021-1 Class A-1 Notes. The Series 2021-1 Class A-1 Notes may be
produced in any manner, all as determined by the Authorized Officers executing such Series 2021-1 Class A-1 Notes, as evidenced by their execution of such Series 2021-1 Class A-1 Notes. The initial sale of the Series 2021-1 Class A-1 Notes is
limited to Persons who have executed the Series 2021-1 Class A-1 Note Purchase Agreement. The Series 2021-1 Class A-1 Notes may be resold only to the Master Issuer, its Affiliates, and Persons who are not Competitors (except that Series 2021-1
Class A-1 Notes may be resold to Competitors with the written consent of the Co-Issuers) in compliance with the terms of the Series
2021-1 Class A-1 Note Purchase Agreement. 

(f)    Uncertificated Notes. At the request of a Holder or transferee of Series
2021-1 Class A-1 Notes, the Series 2021-1 Class A-1 Notes may be issued in the
form of Uncertificated Notes. With respect to any Uncertificated Note, the Trustee shall provide to the beneficial owner promptly after registration of the Uncertificated Note in the Note Register by the Registrar a Confirmation of Registration, the
form of which shall be set forth in Exhibit D hereto. 
 (i)    Except as otherwise expressly provided herein:

 (A)    Uncertificated Notes registered in the name of a Person shall be considered “held”
by such Person for all purposes of this Series 2021-1 Supplement; 

(B)    with respect to any Uncertificated Note, (a) references herein to authentication and delivery
of a Note shall be deemed to refer to creation of an entry for such Note in the Note Register and registration of such Note in the name of the owner, (b) references herein to cancellation of a Note shall be deemed to refer to deregistration of
such Note and (c) references herein to the date of authentication of a Note shall refer to the date of registration of such Note in the Note Register in the name of the owner thereof; 

(C)    references to execution of Notes by the Co-Issuers, to
surrender of the Notes and to presentment of the Notes shall be deemed not to refer to Uncertificated Notes; provided that the provisions of Section 4.03 relating to surrender of the Notes shall apply equally to
deregistration of Uncertificated Notes; and 
 (D)    for the avoidance of doubt, no Confirmation of
Registration shall be required to be surrendered (x) in connection with a transfer of the related Uncertificated Note or (y) in connection with the final payment of the related Uncertificated Note. 

(ii)    The Note Register shall be conclusive evidence of the ownership of an Uncertificated Note. 

(iii)    Each of the Series 2021-1
Class A-1 Notes in the form of a definitive note may also be exchanged in its entirety for an Uncertificated Note and, upon complete exchange thereof, such Series
2021-1 Class A-1 Notes shall be cancelled and deregistered by the Registrar. 

(iv)    Each of the Uncertificated Notes may be exchanged in its entirety for a Series
2021-1 Class A-1 Note in the form of a definitive note and, upon complete exchange thereof, such Uncertificated Note shall be deregistered by the Registrar. 

Section 4.02    Issuance of Series 2021-1 Class A-2 Notes. 
 (a)    The Series
2021-1 Class A-2 Notes may be offered and sold in the aggregate Series 2021-1
Class A-2 Initial Principal Amount on the Series 2021-1 Closing Date by the Co-Issuers

  
 20 

 
pursuant to the Series 2021-1 Class A-2 Note Purchase Agreement. The Series
2021-1 Class A-2 Notes will be resold initially only to the Master Issuer or its Affiliates or (A) in the United States, to a Person that is not a Competitor
and that is a QIB in a transaction meeting the requirements of Rule 144A, (B) outside the United States, to a Person that is not a Competitor and that is not a U.S. person (as defined in Regulation S) (a “U.S. Person”) in a
transaction meeting the requirements of Regulation S or (C) to a Person that is not a Competitor in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended, and the applicable securities laws of any
state of the United States and any other jurisdiction, in each such case in accordance with the Base Indenture and any applicable securities laws of any state of the United States. The Series 2021-1 Class A-2 Notes may thereafter be transferred in reliance on Rule 144A and/or Regulation S and in accordance with the procedure described herein. The Series 2021-1 Class A-2 Notes shall be Book-Entry Notes and DTC shall be the Depository for the Series 2021-1 Class A-2 Notes. The
Applicable Procedures shall be applicable to transfers of beneficial interests in the Series 2021-1 Class A-2 Notes. The Series
2021-1 Class A-2 Notes shall be issued in minimum denominations of $50,000 and integral multiples of $1,000 in excess thereof. 

(b)    Restricted Global Notes. The Series 2021-1 Class A-2 Notes offered and sold in their initial distribution in reliance upon Rule 144A shall be issued in the form of one or more global notes in fully registered form, without coupons, substantially in the
forms set forth in Exhibit A-2-1 or Exhibit A-2-4 hereto, registered in the
name of Cede & Co. (“Cede”), as nominee of DTC, and deposited with the Trustee, as custodian for DTC (collectively, for purposes of this Section 4.02 and Section 4.04, the
“Restricted Global Notes”). The aggregate initial principal amount of the Restricted Global Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for DTC, in connection
with a corresponding decrease or increase in the aggregate initial principal amount of the corresponding class of Regulation S Global Notes or the Unrestricted Global Notes, as hereinafter provided. 

(c)    Regulation S Global Notes and Unrestricted Global Notes. Any Series
2021-1 Class A-2 Notes offered and sold on the Series 2021-1 Closing Date in reliance upon Regulation S shall be issued in
the form of one or more global notes in fully registered form, without coupons, substantially in the forms set forth in Exhibit A-2-2 or Exhibit A-2-5 hereto, registered in the name of Cede, as nominee of DTC, and deposited with the Trustee, as custodian for DTC, for credit to the respective accounts at DTC of the
designated agents holding on behalf of Euroclear or Clearstream. Until such time as the Restricted Period shall have terminated with respect to any Series 2021-1
Class A-2 Note, such Series 2021-1 Class A-2 Notes shall be referred to herein collectively, for purposes of this
Section 4.02 and Section 4.04, as the “Regulation S Global Notes.” After such time as the Restricted Period shall have terminated, the Regulation S Global Notes shall be
exchangeable, in whole or in part, for interests in one or more permanent global notes in registered form without interest coupons, substantially in the forms set forth in Exhibit
A-2-3 or Exhibit A-2-6 hereto, as hereinafter provided (collectively, for
purposes of this Section 4.02 and Section 4.04, the “Unrestricted Global Notes”). The aggregate principal amount of the Regulation S Global Notes or the Unrestricted Global Notes
may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for DTC, in connection with a corresponding decrease or increase of aggregate principal amount of the corresponding Restricted Global
Notes, as hereinafter provided. 
 (d)    Definitive Notes. The Series
2021-1 Global Notes shall be exchangeable in their entirety for one or more definitive notes in registered form, without interest coupons (collectively, for purposes of this
Section 4.02 and Section 4.04 of this Series 2021-1 Supplement, the “Definitive Notes”) pursuant to Section 2.13
of the Base Indenture and this Section 4.02(d) in accordance with their terms and, upon complete exchange thereof, such Series 2021-1 Global Notes shall be surrendered for
cancellation at the applicable Corporate Trust Office. 

  
 21 

 Section 4.03    Transfer Restrictions of Series 2021-1 Class A-1 Notes. (a) Subject to the terms of the Indenture and the Series 2021-1 Class A-1 Note Purchase Agreement, the holder of any Series 2021-1 Class A-1 Advance Note may transfer the same in whole or
in part, in an amount equivalent to an authorized denomination, by surrendering (or deregistering, in the case of Uncertificated Notes) such Series 2021-1 Class A-1
Advance Note at the applicable Corporate Trust Office, with the form of transfer endorsed on it duly completed and executed by, or accompanied by a written instrument of transfer in form satisfactory to the
Co-Issuers and the Registrar by, the holder thereof or his attorney duly authorized in writing, with such signature guaranteed by an “eligible guarantor institution” meeting the requirements of the
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to,
or in substitution for, STAMP, and accompanied by a certificate substantially in the form of Exhibit B-1 hereto; provided that if the holder of any Series
2021-1 Class A-1 Advance Note transfers, in whole or in part, its interest in any Series 2021-1 Class A-1 Advance Note pursuant to (i) an Assignment and Assumption Agreement substantially in the form of Exhibit B to the Series 2021-1 Class A-1 Note Purchase Agreement or (ii) an Investor Group Supplement substantially in the form of Exhibit C to the Series 2021-1 Class A-1 Note Purchase Agreement, then such Series 2021-1 Class A-1 Noteholder will not be required to submit a certificate
substantially in the form of Exhibit B-1 hereto upon transfer of its interest in such Series 2021-1 Class A-1 Advance
Note. In exchange for any Series 2021-1 Class A-1 Advance Note properly presented for transfer along with the appropriately completed transfer certificate,
Assignment and Assumption Agreement or Investor Group Supplement pursuant to the requirements of this Section 4.03(a), the Co-Issuers shall execute and the Trustee shall promptly authenticate and deliver
or cause to be authenticated and delivered in compliance with applicable law, to the transferee at such office, or send by mail (at the risk of the transferee) to such address as the transferee may request, Series
2021-1 Class A-1 Advance Notes for the same aggregate principal amount as was transferred. In the case of the transfer of any Series
2021-1 Class A-1 Advance Note in part, the Co-Issuers shall execute and the Trustee shall promptly authenticate and deliver
or cause to be authenticated and delivered to the transferor at such office, or send by mail (at the risk of the transferor) to such address as the transferor may request, Series 2021-1 Class A-1 Notes for the aggregate principal amount that was not transferred. No transfer of any Series 2021-1 Class A-1
Advance Note shall be made unless the request for such transfer is made by the Series 2021-1 Class A-1 Noteholder at such office. In the case of a transfer to a
Holder electing to take such Note in the form of an Uncertificated Note, the Trustee shall deliver a Confirmation of Registration to the transferee. Neither the Co-Issuers nor the Trustee shall be liable for
any delay in delivery of transfer instructions and each may conclusively rely on, and shall be protected in relying on, such instructions. Upon the issuance of transferred Series 2021-1 Class A-1 Advance Notes, the Trustee shall recognize the holders of such Series 2021-1 Class A-1 Advance Note as Series 2021-1 Class A-1 Noteholders. 

(b)    Subject to the terms of the Indenture and the Series 2021-1 Class A-1
Note Purchase Agreement, the Swingline Lender may transfer any Series 2021-1 Class A-1 Swingline Note in whole but not in part by surrendering (or deregistering, in
the case of Uncertificated Notes) such Series 2021-1 Class A-1 Swingline Note at the applicable Corporate Trust Office, with the form of transfer endorsed on it
duly completed and executed by, or accompanied by a written instrument of transfer in form satisfactory to the Co-Issuers and the Registrar by, the holder thereof or his attorney duly authorized in writing,
with such signature guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the STAMP or such other “signature guarantee program” as
may be determined by the Registrar in addition to, or in substitution for, STAMP, and accompanied by an assignment agreement pursuant to Section 9.17(d) of the Series 2021-1 Class A-1 Note Purchase Agreement. In exchange for any Series 2021-1 Class A-1 Swingline Note properly presented for transfer
along with the appropriately completed transfer certificate, Assignment and Assumption Agreement or Investor Group Supplement pursuant to the requirements of this Section 4.03(a), the Co-Issuers shall
execute and the Trustee shall promptly authenticate and deliver or cause to be authenticated and delivered in compliance with applicable law, to the transferee at such office, or send by 

  
 22 

 
mail (at the risk of the transferee) to such address as the transferee may request, a Series 2021-1 Class A-1
Swingline Note for the same aggregate principal amount as was transferred. No transfer of any Series 2021-1 Class A-1 Swingline Note shall be made unless the
request for such transfer is made by the Swingline Lender at such office. In the case of a transfer to a Holder electing to take such Note in the form of an Uncertificated Note, the Trustee shall deliver a Confirmation of Registration to the
transferee. Neither the Co-Issuers nor the Trustee shall be liable for any delay in delivery of transfer instructions and each may conclusively rely on, and shall be protected in relying on, such instructions.
Upon the issuance of any transferred Series 2021-1 Class A-1 Swingline Note, the Trustee shall recognize the holder of such Series
2021-1 Class A-1 Swingline Note as a Series 2021-1 Class A-1 Noteholder. 

(c)    Subject to the terms of the Indenture and the Series 2021-1 Class A-1 Note Purchase Agreement, the L/C Provider may transfer any Series 2021-1 Class A-1 L/C Note in whole or in part, in
an amount equivalent to an authorized denomination, by surrendering (or deregistering, in the case of Uncertificated Notes) such Series 2021-1 Class A-1 L/C Note at
the applicable Corporate Trust Office, with the form of transfer endorsed on it duly completed and executed by, or accompanied by a written instrument of transfer in form satisfactory to the Co-Issuers and the
Registrar by, the holder thereof or his attorney duly authorized in writing, with such signature guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or
participation in the STAMP or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, and accompanied by an assignment agreement pursuant to
Section 9.17(e) of the Series 2021-1 Class A-1 Note Purchase Agreement. In exchange for any Series
2021-1 Class A-1 L/C Note properly presented for transfer along with the appropriately completed transfer certificate, Assignment and Assumption Agreement or
Investor Group Supplement pursuant to the requirements of this Section 4.03(a), the Co-Issuers shall execute and the Trustee shall promptly authenticate and deliver or cause to be authenticated and
delivered in compliance with applicable law, to the transferee at such office, or send by mail (at the risk of the transferee) to such address as the transferee may request, Series 2021-1 Class A-1 L/C Notes for the same aggregate principal amount as was transferred. In the case of the transfer of any Series 2021-1
Class A-1 L/C Note in part, the Co-Issuers shall execute and the Trustee shall promptly authenticate and deliver or cause to be authenticated and delivered to the
transferor at such office, or send by mail (at the risk of the transferor) to such address as the transferor may request, Series 2021-1 Class A-1 L/C Notes for the
aggregate principal amount that was not transferred. No transfer of any Series 2021-1 Class A-1 L/C Note shall be made unless the request for such transfer is made
by the L/C Provider at such office. In the case of a transfer to a Holder electing to take such Note in the form of an Uncertificated Note, the Trustee shall deliver a Confirmation of Registration to the transferee. Neither the Co-Issuers nor the Trustee shall be liable for any delay in delivery of transfer instructions and each may conclusively rely on, and shall be protected in relying on, such instructions. Upon the issuance of any
transferred Series 2021-1 Class A-1 L/C Note, the Trustee shall recognize the holder of such Series 2021-1 Class A-1 L/C Note as a Series 2021-1 Class A-1 Noteholder. 

(d)    Each Series 2021-1 Class A-1
Note (other than any Uncertificated Note) shall bear the following legend: 
 THE ISSUANCE AND SALE OF THIS SERIES 2021-1 VARIABLE FUNDING SENIOR SECURED NOTE, CLASS A-1 (“THIS NOTE”) HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE OF THE CO-ISSUERS HAS BEEN REGISTERED UNDER THE INVESTMENT
COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”). THIS NOTE AND ANY INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY TO PERSONS WHO ARE NOT COMPETITORS (AS DEFINED IN

  
 23 

 
THE INDENTURE), UNLESS THE CO-ISSUERS GIVE WRITTEN CONSENT TO SUCH OFFER, SALE, PLEDGE OR OTHER TRANSFER, AND IN ACCORDANCE WITH THE PROVISIONS OF THE
CLASS A-1 NOTE PURCHASE AGREEMENT, DATED AS OF APRIL 16, 2021 BY AND AMONG THE CO-ISSUERS, THE GUARANTORS, THE MANAGER, THE CONDUIT INVESTORS, THE COMMITTED NOTE
PURCHASERS AND THE FUNDING AGENTS NAMED THEREIN AND COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, AS ADMINISTRATIVE AGENT. 
 The required legend set
forth above shall not be removed from the Series 2021-1 Class A-1 Notes except as provided herein. 

Section 4.04    Transfer Restrictions of Series 2021-1
Class A-2 Notes. 
 (a)    A Series 2021-1 Global Note may not be transferred, in whole or in part, to any Person other than DTC or a nominee thereof, or to a successor Depository or to a nominee of a successor Depository, and no such transfer to any
such other Person may be registered; provided, however, that this Section 4.04(a) shall not prohibit any transfer of a Series 2021-1
Class A-2 Note that is issued in exchange for a Series 2021-1 Global Note in accordance with Section 2.8 of the Base Indenture and shall
not prohibit any transfer of a beneficial interest in a Series 2021-1 Global Note effected in accordance with the other provisions of this Section 4.04. 

(b)    The transfer by a Series 2021-1 Note Owner holding a beneficial interest in
a Class A-2 Note in the form of a Restricted Global Note to a Person who wishes to take delivery thereof in the form of a beneficial interest in the Restricted Global Note shall be made upon the deemed
representation of the transferee that it is purchasing for its own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a QIB and not a Competitor, and is aware that the sale to it
is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Co-Issuers as such transferee has requested pursuant to Rule 144A or has determined not to request
such information and that it is aware that the transferor is relying upon its foregoing representations in order to claim the exemption from registration provided by Rule 144A. 

(c)    If a Series 2021-1 Note Owner holding a beneficial interest in a Class A-2 Note in the form of a Restricted Global Note wishes at any time to exchange its interest in such Restricted Global Note for an interest in the Regulation S Global Note, or to transfer such interest to
a Person who wishes to take delivery thereof in the form of a beneficial interest in the Regulation S Global Note, such exchange or transfer may be effected, subject to the Applicable Procedures, only in accordance with the provisions of this
Section 4.04(c). Upon receipt by the Registrar, at the applicable Corporate Trust Office, of (i) written instructions given in accordance with the Applicable Procedures from a Clearing Agency Participant directing the
Registrar to credit or cause to be credited to a specified Clearing Agency Participant’s account a beneficial interest in the Regulation S Global Note, in a principal amount equal to that of the beneficial interest in such Restricted Global
Note to be so exchanged or transferred, (ii) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Clearing Agency Participant (and the Euroclear or Clearstream account, as the
case may be) to be credited with, and the account of the Clearing Agency Participant to be debited for, such beneficial interest and (iii) a certificate in substantially the form set forth in Exhibit
B-2 hereto given by the Series 2021-1 Class A-2 Note Owner holding such beneficial interest in such Restricted Global
Note, the Registrar shall instruct the Trustee, as custodian of DTC, to reduce the principal amount of the Restricted Global Note, and to increase the principal amount of the Regulation S Global Note, by the principal amount of the beneficial
interest in such Restricted Global Note to be so exchanged or transferred, and to credit or cause to be credited to the account of the Person specified in such instructions (which shall be the Clearing Agency Participant for Euroclear or Clearstream
or both, as the case may be) a beneficial interest in the Regulation S Global Note having a principal amount equal to the amount by which the principal amount of such Restricted Global Note was reduced upon such exchange or transfer. 

  
 24 

 (d)    If a Series 2021-1 Class A-2 Note Owner holding a beneficial interest in a Restricted Global Note wishes at any time to exchange its interest in such Restricted Global Note for an interest in the Unrestricted Global Note, or to
transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in the Unrestricted Global Note, such exchange or transfer may be effected, subject to the Applicable Procedures, only in accordance with the
provisions of this Section 4.04(d). Upon receipt by the Registrar, at the applicable Corporate Trust Office, of (i) written instructions given in accordance with the Applicable Procedures from a Clearing Agency
Participant directing the Registrar to credit or cause to be credited to a specified Clearing Agency Participant’s account a beneficial interest in the Unrestricted Global Note in a principal amount equal to that of the beneficial interest in
such Restricted Global Note to be so exchanged or transferred, (ii) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Clearing Agency Participant (and the Euroclear or
Clearstream account, as the case may be) to be credited with, and the account of the Clearing Agency Participant to be debited for, such beneficial interest and (iii) a certificate in substantially the form of Exhibit B-3 hereto given by the Series 2021-1 Class A-2 Note Owner holding such beneficial interest in such Restricted Global Note,
the Registrar shall instruct the Trustee, as custodian of DTC, to reduce the principal amount of such Restricted Global Note, and to increase the principal amount of the Unrestricted Global Note, by the principal amount of the beneficial interest in
such Restricted Global Note to be so exchanged or transferred, and to credit or cause to be credited to the account of the Person specified in such instructions (which shall be the Clearing Agency Participant for Euroclear or Clearstream or both, as
the case may be) a beneficial interest in the Unrestricted Global Note having a principal amount equal to the amount by which the principal amount of such Restricted Global Note was reduced upon such exchange or transfer. 

(e)    If a Series 2021-1 Class A-2
Note Owner holding a beneficial interest in a Regulation S Global Note or an Unrestricted Global Note wishes at any time to exchange its interest in such Regulation S Global Note or such Unrestricted Global Note for an interest in the Restricted
Global Note, or to transfer such interest to a Person who wishes to take delivery thereof in the form of a beneficial interest in the Restricted Global Note, such exchange or transfer may be effected, subject to the Applicable Procedures, only in
accordance with the provisions of this Section 4.04(e). Upon receipt by the Registrar, at the applicable Corporate Trust Office, of (i) written instructions given in accordance with the Applicable Procedures from a
Clearing Agency Participant directing the Registrar to credit or cause to be credited to a specified Clearing Agency Participant’s account a beneficial interest in the Restricted Global Note in a principal amount equal to that of the beneficial
interest in such Regulation S Global Note or such Unrestricted Global Note, as the case may be, to be so exchanged or transferred, (ii) a written order given in accordance with the Applicable Procedures containing information regarding the
account of the Clearing Agency Participant (and the Euroclear or Clearstream account, as the case may be) to be credited with, and the account of the Clearing Agency Participant to be debited for, such beneficial interest and (iii) with respect
to a transfer of a beneficial interest in such Regulation S Global Note (but not such Unrestricted Global Note), a certificate in substantially the form set forth in Exhibit B-4 hereto given by such
Series 2021-1 Class A-2 Note Owner holding such beneficial interest in such Regulation S Global Note, the Registrar shall instruct the Trustee, as custodian of DTC,
to reduce the principal amount of such Regulation S Global Note or such Unrestricted Global Note, as the case may be, and to increase the principal amount of the Restricted Global Note, by the principal amount of the beneficial interest in such
Regulation S Global Note or such Unrestricted Global Note to be so exchanged or transferred, and to credit or cause to be credited to the account of the Person specified in such instructions (which shall be the Clearing Agency Participant for DTC) a
beneficial interest in the Restricted Global Note having a principal amount equal to the amount by which the principal amount of such Regulation S Global Note or such Unrestricted Global Note, as the case may be, was reduced upon such exchange or
transfer. 

  
 25 

 (f)    In the event that a Series
2021-1 Global Note or any portion thereof is exchanged for Series 2021-1 Class A-2 Notes other than Series 2021-1 Global Notes, such other Series 2021-1 Class A-2 Notes may in turn be exchanged (upon transfer or otherwise) for Series 2021-1 Class A-2 Notes that are not Series 2021-1 Global Notes or for a beneficial interest in a Series 2021-1 Global Note (if any is then outstanding) only in accordance with such procedures as may be adopted from time to time by the Co-Issuers and the Registrar, which shall be
substantially consistent with the provisions of Section 4.04(a) through Section 4.04(e) and Section 4.04(g) of this Series 2021-1
Supplement (including the certification requirement intended to ensure that transfers and exchanges of beneficial interests in a Series 2021-1 Global Note comply with Rule 144A or Regulation S under the
Securities Act, as the case may be) and any Applicable Procedures. 
 (g)    Until the termination of the Restricted
Period with respect to any Series 2021-1 Class A-2 Note, interests in the Regulation S Global Notes representing such Series
2021-1 Class A-2 Note may be held only through Clearing Agency Participants acting for and on behalf of Euroclear and Clearstream; provided that this
Section 4.04(g) shall not prohibit any transfer in accordance with Section 4.04(d) of this Series 2021-1 Supplement. After the expiration of the applicable
Restricted Period, interests in the Unrestricted Global Notes may be transferred without requiring any certifications other than those set forth in this Section 4.04. 

(h)    The Series 2021-1 Class A-2
Notes in the form of Restricted Global Notes, Regulation S Global Notes or Unrestricted Global Notes shall bear the following legend: 
 THE
ISSUANCE AND SALE OF THIS SERIES 2021-1 CLASS A-2 NOTE HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE OF DOMINO’S PIZZA MASTER ISSUER LLC, DOMINO’S PIZZA DISTRIBUTION LLC, DOMINO’S IP HOLDER LLC AND
DOMINO’S SPV CANADIAN HOLDING COMPANY INC. (THE “CO-ISSUERS”) HAS BEEN REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”). THIS NOTE OR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO DOMINO’S PIZZA MASTER ISSUER LLC OR AN AFFILIATE THEREOF, (B) IN THE UNITED STATES, TO EITHER AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE THAT IS
NOT A COMPETITOR AND IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR
SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION OR (C) OUTSIDE THE UNITED STATES, TO AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS NEITHER A COMPETITOR NOR A “U.S. PERSON” AS DEFINED IN REGULATION S UNDER THE
SECURITIES ACT (“REGULATION S”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, AND NONE OF WHICH ARE A U.S. PERSON, IN
OFFSHORE TRANSACTIONS IN RELIANCE ON REGULATION S, AND, IN EACH CASE, IN COMPLIANCE WITH THE CERTIFICATIONS AND OTHER REQUIREMENTS SPECIFIED IN THE INDENTURE REFERRED TO HEREIN AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND
ANY OTHER RELEVANT JURISDICTION. 
 BY ITS ACQUISITION OR ACCEPTANCE HEREOF, THE HOLDER (IF NOT THE MASTER ISSUER OR AN AFFILIATE OF THE
MASTER ISSUER) REPRESENTS THAT 

  
 26 

 
(A) IT IS NOT A COMPETITOR AND IS EITHER (X) A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH IT
EXERCISES SOLE INVESTMENT DISCRETION EACH OF WHICH IS A QUALIFIED INSTITUTIONAL BUYER OR (Y) NOT A “U.S. PERSON” AS DEFINED IN REGULATION S, ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH IT EXERCISES SOLE
INVESTMENT DISCRETION EACH OF WHICH IS NOT A “U.S. PERSON,” IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S, (B) IT AND EACH ACCOUNT FOR WHICH IT IS PURCHASING WILL HOLD AND TRANSFER AT LEAST THE MINIMUM DENOMINATION OF
NOTES, (C) IT UNDERSTANDS THAT THE CO-ISSUERS MAY RECEIVE A LIST OF PARTICIPANTS HOLDING POSITIONS IN THEIR NOTES FROM ONE OR MORE BOOK-ENTRY DEPOSITORIES, AND (D) IT WILL PROVIDE NOTICE OF THE
TRANSFER RESTRICTIONS TO ANY SUBSEQUENT TRANSFEREES. 
 EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE (IF NOT THE MASTER ISSUER OR AN
AFFILIATE OF THE MASTER ISSUER) TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE WILL BE DEEMED TO HAVE MADE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE
TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE IN THE FORM OF AN INTEREST IN A [REGULATION S GLOBAL NOTE] [RESTRICTED GLOBAL NOTE] OR [AN UNRESTRICTED GLOBAL NOTE] WILL BE REQUIRED TO DELIVER A TRANSFER CERTIFICATE IN THE FORM REQUIRED BY
THE INDENTURE AND WILL BE REQUIRED TO MAKE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. 
 ANY TRANSFER OF
THIS NOTE IN VIOLATION OF THE FOREGOING SHALL BE OF NO FORCE AND EFFECT AND WILL BE VOID AB INITIO AND SHALL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE
CONTRARY TO THE CO-ISSUERS, THE TRUSTEE OR ANY INTERMEDIARY. 
 IF THIS NOTE WAS ACQUIRED IN THE
UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (I) A COMPETITOR OR (II) NOT TO HAVE BEEN A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF ACQUISITION OF THIS NOTE, THE CO-ISSUERS HAVE THE RIGHT TO
REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER THAT IS (I) NOT A COMPETITOR AND (II) A QUALIFIED INSTITUTIONAL BUYER. THE CO-ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A
TRANSFEREE TAKING DELIVERY IN THE FORM OF AN INTEREST IN A RULE 144A GLOBAL NOTE THAT IS DETERMINED TO HAVE BEEN A COMPETITOR OR NOT TO HAVE BEEN A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF THE TRANSFER. 

IF THIS NOTE WAS ACQUIRED OUTSIDE THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (I) A COMPETITOR OR (II) A “U.S.
PERSON” THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF ACQUISITION OF THIS NOTE, THE CO-ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER THAT IS (I) NOT A
COMPETITOR AND (II) EITHER IS A QUALIFIED INSTITUTIONAL BUYER OR NOT A “U.S. PERSON” IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S. THE CO-ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO
HONOR A TRANSFER TO A TRANSFEREE TAKING DELIVERY IN THE FORM OF AN INTEREST IN A REGULATION S GLOBAL NOTE THAT IS DETERMINED TO HAVE BEEN A COMPETITOR OR A U.S. PERSON. 

  
 27 

 (i)    The Series 2021-1 Class A-2 Notes in the form of Regulation S Global Notes shall also bear the following legend: 

UNTIL 40 DAYS AFTER THE ORIGINAL ISSUE DATE OF THE NOTES (THE “RESTRICTED PERIOD”) IN CONNECTION WITH THE OFFERING OF THE
NOTES IN THE UNITED STATES FROM OUTSIDE OF THE UNITED STATES, THE SALE, PLEDGE OR TRANSFER OF THIS NOTE IS SUBJECT TO CERTAIN CONDITIONS AND RESTRICTIONS. THE HOLDER HEREOF, BY PURCHASING OR OTHERWISE ACQUIRING THIS NOTE, ACKNOWLEDGES THAT SUCH
HOLDER IS NOT A “U.S. PERSON” AS DEFINED IN REGULATION S, THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER ISSUER, AND THAT THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT AND AGREES FOR THE BENEFIT OF THE CO-ISSUERS THAT THIS NOTE MAY BE TRANSFERRED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY TO A PERSON THAT IS NOT A “U.S. PERSON” AS DEFINED IN REGULATION S, THE MASTER ISSUER OR AN AFFILIATE OF THE
MASTER ISSUER AND IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS OF THE STATES, TERRITORIES AND POSSESSIONS OF THE UNITED STATES GOVERNING THE OFFER AND SALE OF SECURITIES, AND PRIOR TO THE EXPIRATION OF THE RESTRICTED PERIOD, ONLY
(I) IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT OR (II) PURSUANT TO AND IN ACCORDANCE WITH RULE 144A UNDER THE SECURITIES ACT. 

(j)    The Series 2021-1 Global Notes issued in connection with the Series 2021-1 Class A-2 Notes shall bear the following legend: 

THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST
COMPANY (“DTC”), A NEW YORK CORPORATION, 55 WATER STREET, NEW YORK, NEW YORK 10004, OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN DTC OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE
CO-ISSUERS OR THE REGISTRAR, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL BECAUSE THE REGISTERED OWNER, CEDE & CO.,
HAS AN INTEREST HEREIN. 
 (k)    The required legends set forth above shall not be removed from the applicable Series 2021-1 Class A-2 Notes except as provided herein. The legend required for a Series 2021-1
Class A-2 Note in the form of a Restricted Global Note may be removed from such Series 2021-1 Class A-2 Note if there
is delivered to the Co-Issuers and the Registrar such satisfactory evidence, which may include an Opinion of Counsel as may be reasonably required by the Co-Issuers that
neither such legend nor the restrictions on transfer set forth therein are required to ensure that transfers of such Series 2021-1 

  
 28 

 
Class A-2 Note will not violate the registration requirements of the Securities Act. Upon provision of such satisfactory evidence, the Trustee at the
direction of the Master Issuer, on behalf of the Co-Issuers, shall authenticate and deliver in exchange for such Series 2021-1
Class A-2 Note a Series 2021-1 Class A-2 Note or Series 2021-1 Class A-2 Notes having an equal aggregate principal amount that does not bear such legend. If such a legend required for a Series 2021-1
Class A-2 Note in the form of a Restricted Global Note has been removed from a Series 2021-1 Class A-2 Note as provided
above, no other Series 2021-1 Class A-2 Note issued in exchange for all or any part of such Series 2021-1 Class A-2 Note shall bear such legend, unless the Co-Issuers have reasonable cause to believe that such other Series 2021-1 Class A-2 Note is a “restricted security” within the meaning of Rule 144 under the Securities Act and instructs the Trustee to cause a legend to appear thereon. 

Section 4.05    Note Owner Representations and Warranties. Each Person who becomes
a Note Owner of a beneficial interest in a Series 2021-1 Note pursuant to the Offering Memorandum shall be deemed to represent, warrant and agree on the date that such Person acquires any interest in any
Series 2021-1 Note as follows: 
 (a)    With respect to any
purchase of Series 2021-1 Senior Notes pursuant to Rule 144A, it is a QIB pursuant to Rule 144A and is aware that any sale of Series 2021-1 Senior Notes to it will be
made in reliance on Rule 144A. Its acquisition of Series 2021-1 Senior Notes in any such sale will be for its own account or for the account of another QIB. 

(b)    With respect to any purchase of Series 2021-1 Senior Notes
pursuant to Regulation S, at the time the buy order for such Series 2021-1 Senior Notes was originated, it was outside the United States and it was not a U.S. Person, and was not purchasing for the account or
benefit of a U.S. Person. 
 (c)    It has not been formed for the purpose of investing in the Series 2021-1 Senior Notes, except where each beneficial owner is a QIB (for Series 2021-1 Senior Notes acquired in the United States) or not a U.S. Person (for Series 2021-1 Senior Notes acquired outside the United States). 
 (d)    It
will, and each account for which it is purchasing will, hold and transfer at least the minimum denomination of Series 2021-1 Senior Notes. 

(e)    It understands that the Co-Issuers, the Manager and the
Servicer may receive a list of participants holding positions in the Series 2021-1 Senior Notes from one or more book-entry depositories. 

(f)    It understands that the Manager, the Co-Issuers and the
Servicer may receive a list of Note Owners that have requested access to the Trustee’s password-protected website or that have voluntarily registered as a Note Owner with the Trustee. 

(g)    It shall provide to each person to whom it transfers Series
2021-1 Senior Notes notices of any restrictions on transfer of such Series 2021-1 Senior Notes. 

(h)    It understands that (i) the Series 2021-1 Senior Notes
are being offered in a transaction not involving any public offering in the United States within the meaning of the Securities Act, (ii) the Series 2021-1 Senior Notes have not been registered under the
Securities Act, (iii) the Series 2021-1 Senior Notes may be offered, resold, pledged or otherwise transferred only (A) to the Master Issuer or an Affiliate of the Master Issuer, (B) in the
United States to a Person who the seller reasonably believes is a QIB in a transaction meeting the requirements of Rule 144A and that is not a Competitor, (C) outside the United States to a Person that is not a U.S. Person in a transaction
meeting the requirements of Regulation S and that is not a 

  
 29 

 
Competitor or (D) to a Person that is not a Competitor in a transaction exempt from the registration requirements of the Securities Act and the applicable securities laws of any state of the
United States and any other jurisdiction, in each such case in accordance with the Indenture and any applicable securities laws of any state of the United States and (iv) it shall, and each subsequent holder of a Series 2021-1 Note is required to, notify any subsequent purchaser of a Series 2021-1 Note of the resale restrictions set forth in clause (iii) above. 

(i)    It understands that the certificates evidencing the Restricted Global Notes will bear legends
substantially similar to those set forth in Section 4.04(h) of this Series 2021-1 Supplement. 

(j)    It understands that the certificates evidencing the Regulation S Global Notes will bear legends
substantially similar to those set forth in Section 4.04(i) of this Series 2021-1 Supplement. 

(k)    It understands that the certificates evidencing the Unrestricted Global Notes will bear legends
substantially similar to those set forth in Section 4.04(j) of this Series 2021-1 Supplement. 

(l)    Either (i) it is not acquiring or holding the Series
2021-1 Senior Notes (or any interest therein) for or on behalf of, or with the assets of, any plan, account or other arrangement that is subject to Title I of ERISA, Section 4975 of the Code, entities
whose underlying assets are considered to include “plan assets” of such plans, accounts and arrangements under DOL regulations, as modified by Section 3(42) of ERISA (collectively, “ERISA Plans”) or with the assets or
any plan, account or other arrangement that is subject to the provisions under any Similar Law, or (ii) its purchase and holding of the Series 2021-1 Senior Notes or any interest therein does not
constitute and will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any applicable Similar Law. 

(m)    It understands that any subsequent transfer of the Series
2021-1 Senior Notes or any interest therein is subject to certain restrictions and conditions set forth in the Indenture and it agrees to be bound by, and not to resell, pledge or otherwise transfer the Series
2021-1 Senior Notes or any interest therein except in compliance with such restrictions and conditions and the Securities Act. 

(n)    It is not a Competitor. 

(o)    If it is an ERISA Plan or is purchasing or holding the Series
2021-1 Senior Notes on behalf of or with “plan assets” of any ERISA Plan, it shall be deemed to represent, warrant and agree that (i) none of the
Co-Issuers, the Guarantors or the Initial Purchasers, nor any of their affiliates, has provided, and none of them will provide, any investment advice to it or to any fiduciary or other person investing the
assets of the ERISA Plan (“Plan Fiduciary”), in connection with its decision to invest in the Series 2021-1 Senior Notes, and they are not otherwise acting as a fiduciary, as defined in
Section 3(21) of ERISA or Section 4975(e)(3) of the Code, to the ERISA Plan or the Plan Fiduciary in connection with the ERISA Plan’s acquisition of the Series 2021-1 Senior Notes; and
(ii) the Plan Fiduciary is exercising its own independent judgment in evaluating the investment in the Series 2021-1 Senior Notes. 

  
 30 

 ARTICLE V 

GENERAL 

Section 5.01    Information. On or before each Quarterly Payment Date, the Co-Issuers shall furnish, or cause to be furnished, a Quarterly Noteholders’ Statement with respect to the Series 2021-1 Senior Notes to the Trustee, substantially in the
form of Exhibit C hereto, setting forth, inter alia, the following information with respect to such Quarterly Payment Date: 

(i)    the total amount available to be distributed to each Subclass of Series 2021-1 Noteholders on such Quarterly Payment Date; 
 (ii)    the
amount of such distribution allocable to the payment of interest on each Subclass of the Series 2021-1 Senior Notes; 

(iii)    the amount of such distribution allocable to the payment of principal of each Subclass of the
Series 2021-1 Senior Notes; 
 (iv)    the amount of such
distribution allocable to the payment of any Series 2021-1 Class A-2 Make-Whole Prepayment Premium, if any, on each Subclass of the Series 2021-1 Class A-2 Notes; 

(v)    the amount of such distribution allocable to the payment of any fees or other amounts due to the
Series 2021-1 Class A-1 Noteholders; 

(vi)    whether, to the Actual Knowledge of the Co-Issuers, any
Potential Rapid Amortization Event, Rapid Amortization Event, Default, Event of Default, Potential Manager Termination Event or Manager Termination Event has occurred as of the related Accounting Date or any Cash Trapping Period is in effect, as of
such Accounting Date; 
 (vii)    the Quarterly DSCR for such Quarterly Payment Date and the three
Quarterly Payment Dates immediately preceding such Quarterly Payment Date; 
 (viii)    the number of
Open Domino’s Stores as of the last day of the preceding Quarterly Collection Period; 
 (ix)    the
amount of Global Retail Sales for the 13 Fiscal Periods ended on the last day of the immediately preceding Fiscal Period; and 

(x)    the Series 2021-1 Available Senior Notes Interest Reserve
Account Amount and the amount on deposit in the Cash Trap Reserve Account, if any, in each case, as of the close of business on the last Business Day of the preceding Quarterly Collection Period. 

After the Co-Issuers furnish Same Store Sales Comparison Information for a Quarterly Collection Period
to the SEC, the Co-Issuers shall furnish the Trustee with a revised Quarterly Noteholders’ Statement with respect to the Series 2021-1 Senior Notes which includes
Same Store Sales Comparison Information. In the event that the Co-Issuers at any time are not required to report Same Store Sales Comparison Information to the SEC, the
Co-Issuers shall nonetheless provide revised Quarterly Noteholders’ Statements containing Same Store Sales Comparison Information to the Trustee (and the Trustee shall make such Same Store Sales
Comparison Information available in accordance with Section 4.04 of the Base Indenture) no later than the date that the Co-Issuers would have been required to furnish this information
to the SEC had their obligations to provide this data not ceased. 

  
 31 

 Any Series 2021-1 Noteholder may obtain copies of
each Quarterly Noteholders’ Statement in accordance with the procedures set forth in Section 4.04 of the Base Indenture. 

Section 5.02    Exhibits. The annexes, exhibits and schedules attached hereto and
listed on the table of contents hereto supplement the annexes, exhibits and schedules included in the Base Indenture. 

Section 5.03    Ratification of Base Indenture. As supplemented by this Series 2021-1 Supplement, the Base Indenture is in all respects ratified and confirmed and the Base Indenture as so supplemented by this Series 2021-1 Supplement shall be read, taken
and construed as one and the same instrument. 
 Section 5.04    Certain Notices to the
Rating Agencies. The Co-Issuers shall provide to each Rating Agency a copy of each Opinion of Counsel and Officer’s Certificate delivered to the Trustee pursuant to this Series 2021-1 Supplement or any other Related Document. 

Section 5.05    Prior Notice by Trustee to the Controlling
Class Representative and Control Party. Subject to Section 10.1 of the Base Indenture, the Trustee agrees that it shall not exercise any rights or remedies available to it as a
result of the occurrence of a Rapid Amortization Event or an Event of Default until after the Trustee has given prior written notice thereof to the Controlling Class Representative and the Control Party and obtained the direction of the Control
Party (subject to Section 11.4(e) of the Base Indenture, at the direction of the Controlling Class Representative). 

Section 5.06    Counterparts. This Series
2021-1 Supplement may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all of such counterparts shall together constitute but one and the same
instrument. 
 Section 5.07    Governing Law. THIS SERIES 2021-1 SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

Section 5.08    Amendments. This Series
2021-1 Supplement may not be modified or amended except in accordance with the terms of the Base Indenture. 

Section 5.09    Termination of Series Supplement. This Series 2021-1 Supplement shall cease to be of further effect when (i) all Outstanding Series 2021-1 Senior Notes theretofore authenticated and issued have been delivered (other
than destroyed, lost, or stolen Series 2021-1 Senior Notes that have been replaced or paid) to the Trustee for cancellation (or deregistered, in the case of Uncertificated Notes) and all Letters of Credit have
expired, have been cash collateralized in full pursuant to the terms of the Series 2021-1 Class A-1 Note Purchase Agreement or are deemed to no longer be
outstanding in accordance with Section 4.04 of the Series 2021-1 Class A-1 Note Purchase Agreement, (ii) all fees and expenses and
other amounts under the Series 2021-1 Class A-1 Note Purchase Agreement have been paid in full and all Series 2021-1 Class A-1 Commitments have been terminated and (iii) the Co-Issuers have paid all sums payable hereunder. 

Section 5.10    Electronic Signatures and Transmission. 

(a)    For purposes of this Series Supplement, any reference to “written” or “in writing” means any
form of written communication, including, without limitation, electronic signatures, and any such written communication may be transmitted by Electronic Transmission. “Electronic Transmission” means any form of communication not
directly involving the physical transmission of paper, including the use of, or participation in, one or more electronic networks or databases (including one or more distributed electronic networks or databases), that creates a record that may be
retained, retrieved and reviewed by a recipient thereof and that may be directly reproduced in paper form by such a recipient through an automated process. The Trustee is authorized to accept written instructions, directions,

  
 32 

 
reports, notices or other communications delivered by Electronic Transmission and shall not have any duty or obligation to verify or confirm that the Person sending instructions, directions,
reports, notices or other communications or information by Electronic Transmission is, in fact, a Person authorized to give such instructions, directions, reports, notices or other communications or information on behalf of the party purporting to
send such Electronic Transmission, and the Trustee shall not have any liability for any losses, liabilities, costs or expenses incurred or sustained by any party as a result of such reliance upon or compliance with such instructions, directions,
reports, notices or other communications or information to the Trustee, including, without limitation, the risk of the Trustee acting on unauthorized instructions, notices, reports or other communications or information, and the risk of interception
and misuse by third parties. 
 (b)    Any requirement in the Indenture that a document, is to be signed or
authenticated by “manual signature” or similar language shall not be deemed to prohibit signature to be by facsimile or electronic signature and shall not be deemed to prohibit delivery thereof by Electronic Transmission. 

(c)    Notwithstanding anything to the contrary in this Series Supplement, any and all communications (both text and
attachments) by or from the Trustee that the Trustee in its sole discretion deems to contain confidential, proprietary and/or sensitive information and sent by Electronic Transmission will be encrypted. The recipient of the Electronic
Transmission will be required to complete a one-time registration process. 

Section 5.11    Entire Agreement. This Series
2021-1 Supplement, together with the exhibits and schedules hereto and the other Indenture Documents, contains a final and complete integration of all prior expressions by the parties hereto with respect to
the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter hereof, superseding all previous oral statements and other writings with respect thereto. 

Section 5.12    Fiscal Year End. The
Co-Issuers shall not change their fiscal year end from the Sunday on or nearest to December 31 to any other date. 

[Signature Pages Follow] 

  
 33 

 IN WITNESS WHEREOF, each of the Co-Issuers, the
Trustee and the Series 2021-1 Securities Intermediary have caused this Series 2021-1 Supplement to be duly executed by its respective duly authorized officer as of the
day and year first written above. 
  

					
	DOMINO’S PIZZA MASTER ISSUER LLC,
	as Co-Issuer
		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	DOMINO’S PIZZA DISTRIBUTION LLC,
	as Co-Issuer
		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	DOMINO’S IP HOLDER LLC,
	as Co-Issuer
		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	DOMINO’S SPV CANADIAN HOLDING COMPANY INC.,
	as Co-Issuer
		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer

 Signature Page to Series 2021-1 Supplement  

			
	CITIBANK, N.A., in its capacity as Trustee and as Series 2021-1 Securities Intermediary
		
	By:	 	  

		 	Name:
		 	Title:

 Signature Page to Series 2021-1 Supplement 

 ANNEX A 

SERIES 2021-1 

SUPPLEMENTAL DEFINITIONS LIST 

“Administrative Agent” has the meaning set forth in the preamble to the Series 2021-1
Class A-1 Note Purchase Agreement. For purposes of the Base Indenture, the “Administrative Agent” shall be deemed to be a “Class A-1
Administrative Agent.” 
 “Administrative Agent Fees” has the meaning set forth in
Section 3.02(a) of the Series 2021-1 Class A-1 Note Purchase Agreement. 

“Advance” has the meaning set forth in the recitals to the Series 2021-1 Class A-1 Note Purchase Agreement. 
 “Advance Request” has the meaning set forth in
Section 7.03(c) of the Series 2021-1 Class A-1 Note Purchase Agreement. 

“Assignment and Assumption Agreement” has the meaning set forth in Section 9.17(a) of the Series 2021-1 Class A-1 Note Purchase Agreement. 
 “Base
Rate” means for any day a fluctuating rate per annum equal to (i) the highest of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as established from time to time by the
Administrative Agent as its “prime rate” at its principal U.S. office, and (c) the Eurodollar Base Rate (Reserve Adjusted) applicable to one month Interest Periods on the date of determination of the Base Rate plus 0.50%
plus (ii) 1.50% for an Advance and 1.30% for a Swingline Loan; provided that the Base Rate will in no event be higher than the maximum rate permitted by applicable Law. The “prime rate” is a rate set by the Administrative
Agent based upon various factors including the Administrative Agent’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such
announced rate. Any change in such prime rate established by the Administrative Agent shall take effect at the opening of business on the day such change is effective. 

“Base Rate Advance” means an Advance that bears interest at a rate of interest determined by reference to the Base Rate
during such time as it bears interest at such rate, as provided in the Series 2021-1 Class A-1 Note Purchase Agreement. 

“Breakage Amount” has the meaning set forth in Section 3.06 of the Series 2021-1 Class A-1 Note Purchase Agreement. 

“Cede” has the meaning set forth in Section 4.02(b) of the Series
2021-1 Supplement. 
 “Change in Law” means (a) any law, rule or regulation or
any change therein or in the interpretation or application thereof (whether or not having the force of law), in each case, adopted, issued or occurring after the Series 2021-1 Closing Date or (b) any
request, guideline or directive (whether or not having the force of law) from any government or political subdivision or agency, authority, bureau, central bank, commission, department or instrumentality thereof, or any court, tribunal, grand jury
or arbitrator, or any accounting board or authority (whether or not a Governmental Authority) which is responsible for the establishment or interpretation of national or international accounting principles, in each case, whether foreign or domestic
(each, an “Official Body”) charged with the administration, interpretation or application thereof, or the compliance with any request or directive of any Official Body (whether or not having the force of law) made, issued or
occurring after the Series 2021-1 Closing Date. 

  
 A-1 

 “Change in Management” means (i) more than 50% of DPL’s
Leadership Team is terminated and/or resigns within 24 months of a Trigger Event, (ii) the chief executive officer and the chief financial officer of Holdco are terminated and/or resign within 24 months of a Trigger Event or (iii) there
are five or fewer Continuing Directors within 24 months of a Trigger Event; provided, with respect to clauses (i) and (ii), that termination of such officer shall not include (a) a change in such officer’s status in the
ordinary course of succession so long as such officer continues to be a member of DPL’s Leadership Team and continues to be associated with Holdco, Intermediate Holdco or DPL or their subsidiaries as an officer or director, or in a similar
capacity, (b) retirement of such officer or (c) death or incapacitation of such officer. 
 “Change of Control”
means the occurrence of a Trigger Event other than (a) through purchases of securities on a public securities exchange that does not result in a Change in Management or (b) in connection with an acquisition by any person or group that does
not result in a Change in Management and as to which the Control Party has provided its prior written consent. 

“Class A-1 Amendment Expenses” means all amounts payable pursuant
to clause (a)(ii) of Section 9.05 of the Series 2021-1 Class A-1 Note Purchase Agreement. 

“Commercial Paper” means, with respect to any Conduit Investor, the promissory notes issued in the commercial paper market by
or for the benefit of such Conduit Investor. 
 “Commitment Amount” means, as to each Committed Note Purchaser, the amount
set forth on Schedule I to the Series 2021-1 Class A-1 Note Purchase Agreement opposite such Committed Note Purchaser’s name as its Commitment Amount
or, in the case of a Committed Note Purchaser that becomes a party to the Series 2021-1 Class A-1 Note Purchase Agreement pursuant to an Assignment and Assumption
Agreement, an Investor Group Supplement or a Joinder Agreement, the amount set forth therein as such Committed Note Purchaser’s Commitment Amount, in each case, as such amount may be (i) reduced pursuant to
Section 2.05 of the Series 2021-1 Class A-1 Note Purchase Agreement or (ii) increased or reduced by any Assignment and Assumption
Agreement or Investor Group Supplement entered into by such Committed Note Purchaser in accordance with the terms of the Series 2021-1 Class A-1 Note Purchase
Agreement. 
 “Commitment Fee Adjustment Amount” means, for any Interest Period, the result (whether a positive or negative
number) of (a) the aggregate of the Daily Commitment Fee Amounts for each day in such Interest Period minus (b) the aggregate of the Estimated Daily Commitment Fee Amounts for each day in such Interest Period. For purposes of the
Base Indenture, the “Commitment Fee Adjustment Amount” shall be deemed to be the “Class A-1 Senior Notes Commitment Fee Adjustment Amount.” 

“Commitment Percentage” means, on any date of determination, with respect to any Investor Group, the ratio, expressed as a
percentage, which such Investor Group’s Maximum Investor Group Principal Amount bears to the Series 2021-1 Class A-1 Maximum Principal Amount on such date.

 “Commitment Term” means the period from and including the Series 2021-1 Closing
Date to but excluding the earlier of (a) the Commitment Termination Date and (b) the date on which the Commitments are terminated or reduced to zero in accordance with the Series 2021-1 Class A-1 Note Purchase Agreement. 
 “Commitment Termination Date” means the Series
2021-1 Class A-1 Senior Notes Renewal Date (as such date may be extended pursuant to Section 3.06(b) of the Series 2021-1 Supplement). 
 “Commitments” means the obligations of each Committed Note
Purchaser included in each Investor Group to fund Advances pursuant to Section 2.02(a) of the Series 2021-1 Class A-1 Note Purchase
Agreement and to participate in Swingline Loans and Letters of Credit pursuant to Sections 2.06 and 2.08, respectively, of the Series 2021-1 Class A-1
Note Purchase Agreement in an aggregate stated amount up to its Commitment Amount. 

  
 A-2 

 “Committed Note Purchaser” has the meaning set forth in the preamble to the
Series 2021-1 Class A-1 Note Purchase Agreement. 

“Conduit Investor” has the meaning set forth in the preamble to the Series 2021-1 Class A-1 Note Purchase Agreement. 
 “Confirmation of Registration” means, with
respect to an Uncertificated Note, a confirmation of registration, substantially in the form of Exhibit D hereto, provided to the owner thereof promptly after the registration of the Uncertificated Note in the Note Register by the Registrar.

 “Continuing Director” means (i) an individual that was a member of the board of directors of Holdco immediately
prior to a Trigger Event or (ii) an individual that becomes a member of the board of directors of Holdco after such Trigger Event whose nomination for election or election to the board of directors is recommended or approved by a majority of
the Continuing Directors. 
 “CP Advance” means an Advance that bears interest at a rate of interest determined by
reference to the CP Rate during such time as it bears interest at such rate, as provided in the Series 2021-1 Class A-1 Note Purchase Agreement. 

“CP Funding Rate” means, with respect to each Conduit Investor, for any day during any Interest Period, for any portion of
the Advances funded or maintained through the issuance of Commercial Paper by such Conduit Investor, the per annum rate equivalent to the weighted average cost (as determined by the related Funding Agent, and which shall include (without
duplication) the fees and commissions of placement agents and dealers, incremental carrying costs incurred with respect to Commercial Paper maturing on dates other than those on which corresponding funds are received by such Conduit Investor, other
borrowings by such Conduit Investor and any other costs associated with the issuance of Commercial Paper) of or related to the issuance of Commercial Paper that are allocated, in whole or in part, by such Conduit Investor or its related Funding
Agent to fund or maintain such Advances for such Interest Period (and which may also be allocated in part to the funding of other assets of the Conduit Investor); provided, however, that if any component of any such rate is a discount
rate, in calculating the “CP Funding Rate” for such Advances for such Interest Period, the related Funding Agent shall for such component use the rate resulting from converting such discount rate to an interest bearing equivalent
rate per annum. 
 “CP Rate” means, on any day during any Interest Period, an interest rate per annum equal to the sum of
(i) the CP Funding Rate for such Interest Period plus (ii) 1.50% for an Advance and 1.30% for a Swingline Loan; provided that the CP Rate will in no event be higher than the maximum rate permitted by applicable Law. 

“Daily Commitment Fee Amount” means, for any day during any Interest Period, the Undrawn Commitment Fees that accrue for such
day. 
 “Daily Interest Amount” means, for any day during any Interest Period, the sum of the following amounts: 

(a)    with respect to any Eurodollar Advance outstanding on such day, the result of (i) the product of (x) the
Eurodollar Rate in effect for such Interest Period and (y) the principal amount of such Advance outstanding as of the close of business on such day divided by (ii) 360; plus 

  
 A-3 

 (b)    with respect to any Base Rate Advance outstanding on such day,
the result of (i) the product of (x) the Base Rate in effect for such day and (y) the principal amount of such Advance outstanding as of the close of business on such day divided by (ii) 365 or 366, as applicable; plus 

(c)    with respect to any CP Advance outstanding on such day, the result of (i) the product of (x) the CP Rate
in effect for such Interest Period and (y) the principal amount of such Advance outstanding as of the close of business on such day divided by (ii) 360; plus 

(d)    with respect to any Swingline Loans or Unreimbursed L/C Drawings outstanding on such day, the result of
(i) the product of (x) the Base Rate in effect for such day and (y) the principal amount of such Class A-1 Swingline Loans and Unreimbursed L/C Drawings outstanding as of the close of
business on such day divided by (ii) 365 or 366, as applicable; plus 
 (e)    with respect to any Undrawn L/C
Face Amounts outstanding on such day, the L/C Quarterly Fees and L/C Fronting Fees (if any) that accrue thereon for such day. 

“Daily Post-Renewal Date Contingent Interest Amount” means, for any day during any Interest Period commencing on or after the
Series 2021-1 Class A-1 Senior Notes Renewal Date, the sum of (a) the result of (i) the product of (x) the Series
2021-1 Class A-1 Post-Renewal Date Contingent Interest Rate and (y) the Series 2021-1
Class A-1 Outstanding Principal Amount (excluding any Base Rate Advances and Undrawn L/C Face Amounts included therein) as of the close of business on such day divided by (ii) 360 and (b) the result
of (i) the product of (x) the Series 2021-1 Class A-1 Post-Renewal Date Contingent Interest Rate and (y) any Base Rate Advances included in the
Series 2021-1 Class A-1 Outstanding Principal Amount as of the close of business on such day divided by (ii) 365 or 366, as applicable. 

“Decrease” means a Mandatory Decrease or a Voluntary Decrease, as applicable. 

“Definitive Notes” has the meaning set forth in Section 4.02(d) of the Series 2021-1 Supplement. 
 “DOL” means the U.S. Department of Labor. 

“DTC” means The Depository Trust Company, and any successor thereto. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“ERISA Plans” has the meaning set forth in Section 4.05(l) of the Series 2021-1 Supplement. 
 “Estimated Daily Interest Amount” means (a) for any day during
the first Interest Period, $0 and (b) for any day during any other Interest Period, the average of the Daily Interest Amounts for each day during the immediately preceding Interest Period. 

“Estimated Daily Commitment Fee Amount” means (a) for any day during the first Interest Period, $0 and (b) for any
day during any other Interest Period, the average of the Daily Commitment Fee Amounts for each day during the immediately preceding Interest Period. 

“Eurodollar Advance” means an Advance that bears interest at a rate of interest determined by reference to the Eurodollar
Rate during such time as it bears interest at such rate, as provided in the Series 2021-1 Class A-1 Note Purchase Agreement. 

“Eurodollar Funding Rate” means, for any Eurodollar Interest Period, the rate per annum determined by the Administrative
Agent at approximately 11:00 a.m. (London time) on the date that is two London Banking Days prior to the beginning of such Eurodollar Interest Period that appears on the Reuters Screen LIBOR01 Page (or on any successor or substitute page) for U.S.
Dollars for a period equal in length to such Eurodollar Interest Period or, in the event such rate does not appear on either of such 

  
 A-4 

 
Reuters pages, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate as shall be
selected by the Administrative Agent from time to time in its reasonable discretion; provided that, to the extent that an interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the “Eurodollar Funding
Rate” shall be the rate (rounded upward, if necessary, to the nearest one hundred-thousandth of a percentage point), determined by the Administrative Agent to be the average of the offered rates for deposits in U.S. Dollars in the amount of
$1,000,000 for a period of time comparable to such Eurodollar Interest Period which are offered by three leading banks in the London interbank market at approximately 11:00 a.m. (London time) on the date that is two London Banking Days prior to the
beginning of such Eurodollar Interest Period as selected by the Administrative Agent (unless the Administrative Agent is unable to obtain such rates from such banks, in which case it will be deemed that a Eurodollar Funding Rate cannot be
ascertained for purposes of Section 3.04 of the Series 2021-1 Class A-1 Note Purchase Agreement). In respect of any Eurodollar Interest
Period that is less than one month in duration and if no Eurodollar Funding Rate is otherwise determinable with respect thereto in accordance with the preceding sentence of this definition, the Eurodollar Funding Rate shall be determined through the
use of straight-line interpolation by reference to two rates calculated in accordance with the preceding sentence, one of which shall be determined as if the maturity of the U.S. Dollar deposits referred to therein were the period of time for
which rates are available next shorter than the Eurodollar Interest Period and the other of which shall be determined as if such maturity were the period of time for which rates are available next longer than the Eurodollar Interest Period. 

“Eurodollar Funding Rate (Reserve Adjusted)” means, for any Eurodollar Interest Period, an interest rate per annum (rounded
upward to the nearest 1/100th of 1%) determined pursuant to the following formula: 
  

			
	Eurodollar Funding Rate (Reserve Adjusted) =	 	          Eurodollar Funding Rate          
	 	1.00 – Eurodollar Reserve Percentage

 The Eurodollar Funding Rate (Reserve Adjusted) for any Eurodollar Interest Period will be determined by the
Administrative Agent on the basis of the Eurodollar Reserve Percentage in effect two London Banking Days before the first day of such Eurodollar Interest Period. 

“Eurodollar Interest Period” means, with respect to any Eurodollar Advance, (x) the period commencing on and including
the London Banking Day such Advance first becomes a Eurodollar Advance in accordance with Section 3.01(b) of the Series 2021-1 Class A-1
Note Purchase Agreement and ending on but excluding a date, as elected by the Master Issuer pursuant to such Section 3.01(b), that is either (i) one (1) month subsequent to such date, (ii) two (2) months
subsequent to such date, (iii) three (3) months subsequent to such date or (iv) six (6) months subsequent to such date, or such other time period subsequent to such date not to exceed six months as agreed upon by the Master Issuer and the
Administrative Agent; provided, however, that 
  

	 	(i)	 no Eurodollar Interest Period may end subsequent to the second Business Day before the Accounting Date
occurring immediately prior to the then-current Series 2021-1 Class A-1 Senior Notes Renewal Date; and 

 

	 	(ii)	 upon the occurrence and during the continuation of any Rapid Amortization Period or any Event of Default, any
Eurodollar Interest Period with respect to the Eurodollar Advances of all Investor Groups may be terminated at the end of the then-current Eurodollar Interest Period (or, if the Class A-1 Senior Notes
have been accelerated in accordance with Section 9.2 of the Base Indenture, immediately), at the election of the Administrative Agent or Investor Groups holding in the aggregate more than 50% of the Eurodollar Tranche, by
notice to the Co-Issuers, the Manager, the Control Party and the 

  
 A-5 

	 	
Funding Agents, and upon such election the Eurodollar Advances in respect of which interest was calculated by reference to such terminated Eurodollar Interest Period shall be converted to Base
Rate Advances. 

 “Eurodollar Rate” means, on any day during any Eurodollar Interest Period, an interest rate
per annum equal to the sum of (i) the Eurodollar Funding Rate (Reserve Adjusted) for such Eurodollar Interest Period plus (ii) 1.50% for an Advance and 1.30% for a Swingline Loan; provided that the Eurodollar Rate will in no event
be higher than the maximum rate permitted by applicable Law. 
 “Eurodollar Reserve Percentage” means, for any Eurodollar
Interest Period, the reserve percentage (expressed as a decimal) equal to the maximum aggregate reserve requirements (including all basic, emergency, supplemental, marginal and other reserves and taking into account any transitional adjustments or
other scheduled changes in reserve requirements) specified under regulations issued from time to time by the F.R.S. Board and then applicable to liabilities or assets constituting “Eurocurrency Liabilities,” as currently defined in
Regulation D of the F.R.S. Board, having a term approximately equal or comparable to such Eurodollar Interest Period. 
 “Eurodollar
Tranche” means any portion of the Series 2021-1 Class A-1 Outstanding Principal Amount funded or maintained with Eurodollar Advances. 

“F.R.S. Board” means the Board of Governors of the Federal Reserve System. 

“Federal Funds Rate” means, for any specified period, a fluctuating interest rate per annum equal for each day during such
period to the weighted average of the overnight federal funds rates as published in Federal Reserve Board Statistical Release H.15(519) or any successor or substitute publication selected by the Administrative Agent (or, if such day is not a
Business Day, for the next preceding Business Day), or if, for any reason, such rate is not available on any day, the rate determined, in the reasonable opinion of the Administrative Agent, to be the rate at which overnight federal funds are being
offered in the national federal funds market at 9:00 a.m. (New York City time). 
 “Fitch” means Fitch, Inc., doing
business as Fitch Ratings, or any successor thereto. 
 “Funding Agent” has the meaning set forth in the preamble to the
Series 2021-1 Class A-1 Note Purchase Agreement. 

“Hague Securities Convention” means the Hague Convention on the Law Applicable to Certain Rights in Respect of Securities
Held with an Intermediary, concluded 5 July 2006. 
 “Increase” has the meaning set forth in
Section 2.01(a) of the Series 2021-1 Supplement. 
 “Initial
Purchasers” means, collectively, Guggenheim Securities, LLC and Barclays Capital Inc. 
 “Interest Adjustment
Amount” means, for any Interest Period, the result (whether a positive or negative number) of (a) the aggregate of the Daily Interest Amounts for each day in such Interest Period minus (b) the aggregate of the Estimated
Daily Interest Amounts for each day in such Interest Period. For purposes of the Base Indenture, the “Interest Adjustment Amount” for any Interest Period shall be deemed to be a “Class A-1
Senior Notes Interest Adjustment Amount” for such Interest Period. 
 “Investor” means any one of the Conduit
Investors and the Committed Note Purchasers and “Investors” means the Conduit Investors and the Committed Note Purchasers collectively. 

“Investor Group” means (i) for each Conduit Investor, collectively, such Conduit Investor, the related Committed Note
Purchaser(s) set forth opposite the name of such Conduit Investor on Schedule I to the Series 2021-1 Class A-1 Note Purchase Agreement (or, if applicable,
set forth for such Conduit 

  
 A-6 

 
Investor in the Assignment and Assumption Agreement or Investor Group Supplement pursuant to which such Conduit Investor or Committed Note Purchaser becomes a party thereto), any related Program
Support Provider(s) and the related Funding Agent (which shall constitute the Series 2021-1 Class A-1 Noteholder for such Investor Group) and (ii) for each
other Committed Note Purchaser that is not related to a Conduit Investor, collectively, such Committed Note Purchaser, any related Program Support Provider(s) and the related Funding Agent (which shall constitute the Series 2021-1 Class A-1 Noteholder for such Investor Group). 

“Investor Group Increase Amount” means, with respect to any Investor Group, for any Business Day, the portion of the
Increase, if any, actually funded by such Investor Group on such Business Day. 
 “Investor Group Principal Amount” means,
with respect to any Investor Group, (a) when used with respect to the Series 2021-1 Closing Date, an amount equal to (i) such Investor Group’s Commitment Percentage of the Series 2021-1 Class A-1 Initial Advance Principal Amount plus (ii) such Investor Group’s Commitment Percentage of the Series
2021-1 Class A-1 Outstanding Subfacility Amount outstanding on the Series 2021-1 Closing Date, and (b) when used with
respect to any other date, an amount equal to (i) the Investor Group Principal Amount with respect to such Investor Group on the immediately preceding Business Day (excluding any Series 2021-1 Class A-1 Outstanding Subfacility Amount included therein) plus (ii) the Investor Group Increase Amount with respect to such Investor Group on such date minus (iii) the amount of
principal payments made to such Investor Group on the Series 2021-1 Class A-1 Advance Notes on such date plus (iv) such Investor Group’s Commitment
Percentage of the Series 2021-1 Class A-1 Outstanding Subfacility Amount outstanding on such date. 

“Investor Group Supplement” has the meaning set forth in Section 9.17(c) of the Series 2021-1 Class A-1 Note Purchase Agreement. 
 “Joinder
Agreement” means a Joinder Agreement substantially in the form attached as Exhibit E to the Series 2021-1 Class A-1 Note Purchase Agreement. 

“L/C Commitment” means the obligation of the L/C Provider to provide Letters of Credit pursuant to
Section 2.07 of the Series 2021-1 Class A-1 Note Purchase Agreement, in an aggregate Undrawn L/C Face Amount, together with any
Unreimbursed L/C Drawings, at any one time outstanding not to exceed $100,000,000, as such amount may be reduced or increased pursuant to Section 2.07(g) of the Series 2021-1 Class A-1 Note Purchase Agreement or reduced pursuant to Section 2.05(b) of the Series 2021-1
Class A-1 Note Purchase Agreement. 
 “L/C Fronting Fees” has the meaning set
forth in the Series 2021-1 Class A-1 Note Purchase Agreement, if such fees are applicable. 

“L/C Obligations” means, at any time, an amount equal to the sum of (i) any Undrawn L/C Face Amounts outstanding at such
time and (ii) any Unreimbursed L/C Drawings outstanding at such time. 
 “L/C Provider” means Coöperatieve
Rabobank U.A., New York Branch, in its capacity as provider of any Letter of Credit under the Series 2021-1 Class A-1 Note Purchase Agreement, and its permitted
successors and assigns in such capacity. 
 “L/C Quarterly Fees” has the meaning set forth in
Section 2.07(d) of the Series 2021-1 Class A-1 Note Purchase Agreement. 

“L/C Reimbursement Amount” has the meaning set forth in Section 2.08(a) of the Series 2021-1 Class A-1 Note Purchase Agreement. 

“Leadership Team” means the President and Chief Executive Officer, Executive Vice President and Chief Financial Officer,
President of Domino’s International, Executive Vice President of Supply 

  
 A-7 

 
Chain Services, Executive Vice President of Team U.S.A., Executive Vice President of Franchise Operations and Development, Executive Vice President of Communication, Investor Relations and
Legislative Affairs, Executive Vice President and General Counsel, Executive Vice President and Chief Information Officer, President of Domino’s USA, and Executive Vice President and Chief People Officer of Holdco or any other position that
contains substantially the same responsibilities as any of the positions listed above or reports to the President and Chief Executive Officer. 

“Letter of Credit” has the meaning set forth in Section 2.07(a) of the Series 2021-1 Class A-1 Note Purchase Agreement. 
 “London
Banking Day” means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in London, England. 

“Make-Whole End Date” has the meaning set forth in Section 3.06(e) of the Series 2021-1 Supplement. 
 “Mandatory Decrease” has the meaning set forth in
Section 2.02(a) of the Series 2021-1 Supplement. 
 “Maximum
Investor Group Principal Amount” means, as to each Investor Group existing on the Series 2021-1 Closing Date, the amount set forth on Schedule I to the Series
2021-1 Class A-1 Note Purchase Agreement as such Investor Group’s Maximum Investor Group Principal Amount or, in the case of any other Investor Group, the
amount set forth as such Investor Group’s Maximum Investor Group Principal Amount in the Assignment and Assumption Agreement, Investor Group Supplement or Joinder Agreement by which the members of such Investor Group become parties to the
Series 2021-1 Class A-1 Note Purchase Agreement, in each case, as such amount may be (i) reduced pursuant to Section 2.05 of the
Series 2021-1 Class A-1 Note Purchase Agreement or (ii) increased or reduced by any Assignment and Assumption Agreement, Investor Group Supplement or Joinder
Agreement entered into by the members of such Investor Group in accordance with the terms of the Series 2021-1 Class A-1 Note Purchase Agreement. 

“Moody’s” means Moody’s Investors Service, Inc. or any successor thereto. 

“Offering Memorandum” means the Offering Memorandum, dated April 8, 2021, for the offering of the Series 2021-1 Class A-2-I Notes and the Series 2021-1 Class A-2-II Notes, prepared by the Co-Issuers. 

“Official Body” has the meaning set forth in the definition of “Change in Law.” 

“Outstanding Series 2021-1
Class A-1 Notes” means with respect to the Series 2021-1 Class A-1 Notes, all Series 2021-1 Class A-1 Notes theretofore authenticated and delivered under the Base Indenture, except (a) Series 2021-1 Class A-1 Notes theretofore cancelled or delivered to the Registrar for cancellation (or deregistered, in the case of Uncertificated Notes), (b) Series 2021-1 Class A-1 Notes that have not been presented for payment but funds for the payment in full of which are on deposit in the Series 2021-1
Class A-1 Distribution Account and are available for payment of such Series 2021-1 Class A-1 Notes and the Commitments
with respect to which have terminated, (c) Series 2021-1 Class A-1 Notes that have been defeased in accordance with Section 12.1 of
the Base Indenture and (d) Series 2021-1 Class A-1 Notes in exchange for or in lieu of other Series 2021-1 Class A-1 Notes that have been authenticated and delivered pursuant to the Base Indenture unless proof satisfactory to the Trustee is presented that any such Series
2021-1 Class A-1 Notes are held by a purchaser for value. 

“Outstanding Series 2021-1
Class A-2 Notes” means with respect to the Series 2021-1
Class A-2-I Notes and the Series 2021-1
Class A-2-II Notes, all such Notes theretofore authenticated and delivered under the Base Indenture, except (a) Series
2021-1 Class A-2-I Notes and Series 2021-1 Class A-2-II 

  
 A-8 

 
Notes theretofore cancelled or delivered to the Registrar for cancellation, (b) Series 2021-1 Class A-2-I Notes and Series 2021-1 Class A-2-II Notes that have not been
presented for payment but funds for the payment in full of which are on deposit in the Series 2021-1 Class A-2 Distribution Account and are available for payment of
such Series 2021-1 Class A-2-I Notes and Series 2021-1 Class A-2-II Notes, (c) Series 2021-1
Class A-2-I Notes and Series 2021-1
Class A-2-II Notes that have been defeased in accordance with Section 12.1 of the Base Indenture, and (d) Series 2021-1 Class A-2-I Notes and Series 2021-1 Class A-2-II Notes in exchange for or in lieu of other Series 2021-1
Class A-2-I Notes and Series 2021-1
Class A-2-II Notes that have been authenticated and delivered pursuant to the Base Indenture unless proof satisfactory to the Trustee is presented that any such
Series 2021-1 Class A-2-I Notes and Series 2021-1 Class A-2-II Notes are held by a purchaser for value. 
 “Outstanding Series 2021-1 Senior Notes” means, collectively, all Outstanding Series 2021-1 Class A-1 Notes and Series 2021-1 Class A-2 Notes. 
 “Plan Fiduciary”
has the meaning set forth in Section 4.05(o) of the Series 2021-1 Supplement. 

“Prepayment Notice” has the meaning set forth in Section 3.06(g) of the Series 2021-1 Supplement. 
 “Prepayment Record Date” means, with respect to the date of any
Series 2021-1 Prepayment, the last day of the calendar month immediately preceding the date of such Series 2021-1 Prepayment unless such last day is less than ten
(10) Business Days prior to the date of such Series 2021-1 Prepayment, in which case the “Prepayment Record Date” will be the last day of the second calendar month immediately preceding the date
of such Series 2021-1 Prepayment. 
 “Program Support Agreement” means, with
respect to any Investor, any agreement entered into by any Program Support Provider in respect of any Commercial Paper and/or Series 2021-1 Class A-1 Note of such
Investor providing for the issuance of one or more letters of credit for the account of such Investor, the issuance of one or more insurance policies for which such Investor is obligated to reimburse the applicable Program Support Provider for any
drawings thereunder, the sale by such Investor to any Program Support Provider of the Series 2021-1 Class A-1 Notes (or portions thereof or interests therein)
and/or the making of loans and/or other extensions of credit to such Investor in connection with such Investor’s securitization program, together with any letter of credit, insurance policy or other instrument issued thereunder or guaranty
thereof (but excluding any discretionary advance facility provided by a Committed Note Purchaser). 
 “Program Support
Provider” means, with respect to any Investor, any financial institutions and any other or additional Person now or hereafter extending credit or having a commitment to extend credit to or for the account of, and/or agreeing to make
purchases from, such Investor in respect of such Investor’s Commercial Paper and/or Series 2021-1 Class A-1 Note, and/or agreeing to issue a letter of credit
or insurance policy or other instrument to support any obligations arising under or in connection with such Investor’s securitization program as it relates to any Commercial Paper issued by such Investor, and/or holding equity interests in such
Investor, in each case pursuant to a Program Support Agreement, and any guarantor of any such Person. 
 “Qualified Institutional
Buyer” or “QIB” means a Person who is a “qualified institutional buyer” as defined in Rule 144A. 

“Rating Agency” means, with respect to each Subclass of Series 2021-1 Senior Notes,
S&P and any other nationally recognized rating agency then rating any such Subclass of Series 2021-1 Senior Notes at the request of the Co-Issuers. 

  
 A-9 

 “Regulation S” means Regulation S promulgated under the Securities Act.

 “Regulation S Global Notes” has the meaning set forth in Section 4.02(c) of the Series 2021-1 Supplement. 
 “Restricted Global Notes” has the meaning set forth in
Section 4.02(b) of the Series 2021-1 Supplement. 
 “Restricted
Period” means, with respect to any Series 2021-1 Class A-2-I Notes and Series
2021-1 Class A-2-II Notes sold pursuant to Regulation S, the period commencing on such Series
2021-1 Closing Date and ending on the 40th day after the Series 2021-1 Closing Date. 

“Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Same Store Sales Comparison Information” means, with respect to any Quarterly Collection Period, a comparison of
(a) the sum of Gross Sales for each Open Domino’s Store for each day of such Quarterly Collection Period where such Open Domino’s Store had Gross Sales (i) on such day and (ii) for the corresponding day in the prior fiscal
year of the Co-Issuers with (b) the sum of Gross Sales for each Open Domino’s Store for each day of the prior fiscal year of the Co-Issuers where such Open
Domino’s Store had Gross Sales (i) on such day and (ii) for the corresponding day of the current fiscal year of the Co-Issuers. 

“Series 2021-1 Anticipated Repayment Date” has the meaning set forth in
Section 3.06(b) of the Series 2021-1 Supplement. 
 “Series 2021-1 Available Senior Notes Interest Reserve Account Amount” means, when used with respect to any date, the sum of (a) the amount on deposit in the Senior Notes Interest Reserve Account pursuant to
Section 3.02(d) of the Series 2021-1 Supplement after giving effect to any withdrawals therefrom on such date with respect to the Series 2021-1 Senior Notes
pursuant to Section 5.12 of the Base Indenture and (b) the undrawn face amount of any Interest Reserve Letters of Credit issued for the benefit of the Trustee for the benefit of the Senior Noteholders outstanding on
such date after giving effect to any draws thereon on such date with respect to the Series 2021-1 Senior Notes pursuant to Section 5.12 of the Base Indenture. 

“Series 2021-1 Class A-1
Administrative Agent” has the meaning set forth under “Administrative Agent” in this Annex A. 
 “Series 2021-1 Class A-1 Administrative Expenses” means, for any Weekly Allocation Date, the aggregate amount of any Administrative Agent Fees and Class A-1 Amendment Expenses then due and payable and not previously paid. For purposes of the Base Indenture, the “Series 2021-1
Class A-1 Administrative Expenses” shall be deemed to be “Class A-1 Senior Notes Administrative Expenses.” 

“Series 2021-1 Class A-1
Advance” has the meaning set forth under “Advance” in this Annex A. 
 “Series 2021-1 Class A-1 Advance Notes” has the meaning set forth in “Designation” in the Series 2021-1
Supplement. 
 “Series 2021-1
Class A-1 Advance Request” has the meaning set forth under “Advance Request” in this Annex A. 

“Series 2021-1 Class A-1 Breakage
Amount” has the meaning set forth under “Breakage Amount” in this Annex A. 
 “Series 2021-1 Class A-1 Commitments” has the meaning set forth under “Commitments” in this Annex A. 

  
 A-10 

 “Series 2021-1 Class A-1 Distribution Account” has the meaning set forth in Section 3.07(a) of the Series 2021-1 Supplement. 

“Series 2021-1 Class A-1
Distribution Account Collateral” has the meaning set forth in Section 3.07(d) of the Series 2021-1 Supplement. 

“Series 2021-1 Class A-1 Excess
Principal Event” shall be deemed to have occurred if, on any date, the Series 2021-1 Class A-1 Outstanding Principal Amount exceeds the Series 2021-1 Class A-1 Maximum Principal Amount. 
 “Series
2021-1 Class A-1 Initial Advance” has the meaning set forth in Section 2.01(a) of the Series 2021-1 Supplement. 
 “Series 2021-1 Class A-1 Initial Advance Principal Amount” means the aggregate initial outstanding principal amount of the Series 2021-1
Class A-1 Advance Notes corresponding to the aggregate amount of the Series 2021-1 Class A-1 Initial Advances made on
the Series 2021-1 Closing Date pursuant to Section 2.01(a) of the Series 2021-1 Supplement, which is $0. 

“Series 2021-1 Class A-1 Initial
Aggregate Undrawn L/C Face Amount” means the aggregate initial outstanding principal amount of the Series 2021-1 Class A-1 L/C Note of the L/C Provider
corresponding to the aggregate Undrawn L/C Face Amounts of the Letters of Credit issued on the Series 2021-1 Closing Date pursuant to Section 2.07 of the Series 2021-1 Class A-1 Note Purchase Agreement, which is $0. 

“Series 2021-1 Class A-1 Initial
Swingline Principal Amount” means the aggregate initial outstanding principal amount of the Series 2021-1 Class A-1 Swingline Notes corresponding to the
aggregate amount of the Swingline Loans made on the Series 2021-1 Closing Date pursuant to Section 2.06 of the Series 2021-1 Class A-1 Note Purchase Agreement, which is $0. 
 “Series
2021-1 Class A-1 Investor” has the meaning set forth under “Investor” in this Annex A. 

“Series 2021-1 Class A-1 L/C
Fees” means the L/C Quarterly Fees and the L/C Fronting Fees. For purposes of the Base Indenture, the Series 2021-1 Class A-1 L/C Fees shall be deemed to
be “Senior Notes Quarterly Interest.” 
 “Series 2021-1 Class A-1 L/C Notes” has the meaning set forth in “Designation” in the Series 2021-1 Supplement. 

“Series 2021-1 Class A-1 L/C
Obligations” has the meaning set forth under “L/C Obligations” in this Annex A. 
 “Series 2021-1 Class A-1 Maximum Principal Amount” means, as of any time, the aggregate Commitment Amount provided under the Series 2021-1 Class A-1 Notes. 
 “Series 2021-1 Class A-1 Note Purchase Agreement” means the Class A-1 Note Purchase Agreement, dated as of
April 16, 2021, by and among the Co-Issuers, the Guarantors, the Manager, the Series 2021-1 Class A-1 Investors, the
Series 2021-1 Class A-1 Noteholders and Coöperatieve Rabobank U.A., New York Branch, as administrative agent thereunder, pursuant to which the Series 2021-1 Class A-1 Noteholders have agreed to purchase the Series 2021-1 Class A-1
Notes from the Co-Issuers, subject to the terms and conditions set forth therein, as amended, supplemented or otherwise modified from time to time. For purposes of the Base Indenture, the “Series 2021-1 Class A-1 Note Purchase Agreement” shall be deemed to be a “Variable Funding Note Purchase Agreement.” 

  
 A-11 

 “Series 2021-1 Class A-1 Note Rate” means, for any day, (a) with respect to that portion of the Series 2021-1 Class A-1 Outstanding
Principal Amount resulting from Advances that bear interest on such day at the CP Rate in accordance with Section 3.01 of the Series 2021-1
Class A-1 Note Purchase Agreement, the CP Rate in effect for such day; (b) with respect to that portion of the Series 2021-1
Class A-1 Outstanding Principal Amount resulting from Advances that bear interest on such day at the Eurodollar Rate in accordance with Section 3.01 of the Series 2021-1 Class A-1 Note Purchase Agreement, the Eurodollar Rate in effect for the Eurodollar Interest Period that includes such day; (c) with respect to that portion
of the Series 2021-1 Class A-1 Outstanding Principal Amount resulting from Advances that bear interest on such day at the Base Rate in accordance with
Section 3.01 of the Series 2021-1 Class A-1 Note Purchase Agreement, the Base Rate in effect for such day; (d) with respect to that
portion of the Series 2021-1 Class A-1 Outstanding Principal Amount consisting of Swingline Loans or Unreimbursed L/C Drawings outstanding on such day, the Base
Rate in effect for such day; and (e) with respect to any other amounts that any Related Document provides is to bear interest by reference to the Series 2021-1
Class A-1 Note Rate, the Base Rate in effect for such day; in each case, computed on the basis of a year of 360 (or, in the case of the Base Rate, 365 or 366, as applicable) days and the actual number of
days elapsed; provided, however, that the Series 2021-1 Class A-1 Note Rate will in no event be higher than the maximum rate permitted by applicable
law. 
 “Series 2021-1 Class A-1
Noteholder” means the Person in whose name a Series 2021-1 Class A-1 Note is registered in the Note Register. 

“Series 2021-1 Class A-1
Notes” has the meaning set forth in “Designation” in the Series 2021-1 Supplement. 

“Series 2021-1 Class A-1 Other
Amounts” has the meaning set forth in the Series 2021-1 Class A-1 Note Purchase Agreement. For purposes of the Base Indenture, the “Series 2021-1 Class A-1 Other Amounts” shall be deemed to be “Class A-1 Senior Notes Other Amounts.” 

“Series 2021-1 Class A-1
Outstanding Principal Amount” means, when used with respect to any date, an amount equal to (a) the Series 2021-1 Class A-1 Initial Advance Principal
Amount, if any, minus (b) the amount of principal payments (whether pursuant to a Decrease, a prepayment, a redemption or otherwise) made on the Series 2021-1
Class A-1 Advance Notes on or prior to such date plus (c) any Increases in the Series 2021-1 Class A-1
Outstanding Principal Amount pursuant to Section 2.01 of the Series 2021-1 Supplement resulting from Series 2021-1 Class A-1 Advances made on or prior to such date and after the Series 2021-1 Closing Date plus (d) any Series 2021-1 Class A-1 Outstanding Subfacility Amount on such date; provided that, at no time may the Series 2021-1 Class A-1
Outstanding Principal Amount exceed the Series 2021-1 Class A-1 Maximum Principal Amount. For purposes of the Base Indenture, the “Series 2021-1 Class A-1 Outstanding Principal Amount” shall be deemed to be an “Outstanding Principal Amount.” 

“Series 2021-1 Class A-1
Outstanding Subfacility Amount” means, when used with respect to any date, the aggregate principal amount of any Series 2021-1 Class A-1 Swingline Notes
and Series 2021-1 Class A-1 L/C Notes outstanding on such date (after giving effect to Subfacility Increases or Subfacility Decreases therein to occur on such date
pursuant to the terms of the Series 2021-1 Class A-1 Note Purchase Agreement or the Series 2021-1 Supplement). 

“Series 2021-1 Class A-1
Post-Renewal Date Contingent Interest” means, for any Interest Period commencing on or after the Series 2021-1 Class A-1 Senior Notes Renewal Date, an
amount equal to the sum of the aggregate of the Daily Post-Renewal Date Contingent Interest Amounts for each day in such Interest Period. For purposes of the Base Indenture, Series 2021-1 Class A-1 Post-Renewal Date Contingent Interest shall be deemed to be “Senior Notes Quarterly Post-ARD Contingent Interest.” 

  
 A-12 

 “Series 2021-1 Class A-1 Post-Renewal Date Contingent Interest Rate” has the meaning set forth in Section 3.04(c) of the Series 2021-1 Supplement. 

“Series 2021-1 Class A-1 Quarterly
Commitment Fees” means, as of any date of determination for any Interest Period, an amount equal to the sum of (a) the aggregate of the Estimated Daily Commitment Fee Amounts for each day in such Interest Period, (b) if such date
of determination occurs on or after the last day of such Interest Period, the Commitment Fee Adjustment Amount with respect to such Interest Period, and (c) the amount of any Class A-1 Senior Notes
Commitment Fees Shortfall Amount with respect to the Series 2021-1 Class A-1 Notes (as determined pursuant to Section 5.12(e) of the Base
Indenture), for the immediately preceding Interest Period together with Additional Class A-1 Senior Notes Commitment Fee Shortfall Interest (as determined pursuant to
Section 5.12(e) of the Base Indenture) on such Class A-1 Senior Notes Commitment Fees Shortfall Amount. For purposes of the Base Indenture, the “Series 2021-1 Class A-1 Quarterly Commitment Fees” shall be deemed to be “Class A-1 Senior Notes Quarterly Commitment
Fees.” 
 “Series 2021-1
Class A-1 Quarterly Interest” means, as of any date of determination for any Interest Period, an amount equal to the sum of (a) the aggregate of the Estimated Daily Interest
Amounts for each day in such Interest Period, (b) if such date of determination occurs on or after the last day of such Interest Period, the Interest Adjustment Amount with respect to such Interest Period, and (c) the amount of any Senior
Notes Interest Shortfall Amount with respect to the Series 2021-1 Class A-1 Notes (as determined pursuant to Section 5.12(b) of the Base
Indenture), for the immediately preceding Interest Period (together with Additional Senior Notes Interest Shortfall Interest (as determined pursuant to Section 5.12(b) of the Base Indenture) on such Senior Notes Interest
Shortfall Amount. For purposes of the Base Indenture, the “Series 2021-1 Class A-1 Quarterly Interest” shall be deemed to be “Senior Notes Quarterly
Interest.” 
 “Series 2021-1
Class A-1 Senior Notes Amortization Event” means the circumstance in which the Outstanding Principal Amount of the Series 2021-1 Class A-1 Notes is not paid in full or otherwise refinanced in full (which refinancing may also include an extension thereof) on or prior to the Series 2021-1 Class A-1 Senior Notes Renewal Date. For purposes of the Base Indenture, a “Series 2021-1 Class A-1 Senior Notes
Amortization Event” shall be deemed to be a “Class A-1 Senior Notes Amortization Event.” 

“Series 2021-1 Class A-1 Senior
Notes Amortization Period” means the period commencing on the date on which a Series 2021-1 Class A-1 Senior Notes Amortization Event occurs and ending on
the date on which there are no Series 2021-1 Class A-1 Notes Outstanding. For purposes of the Base Indenture, a “Series
2021-1 Class A-1 Senior Notes Amortization Period” shall be deemed to be a “Class A-1 Amortization
Period.” 
 “Series 2021-1
Class A-1 Senior Notes Renewal Date” means the Quarterly Payment Date in April 2026 (which date may be extended at such time until the Quarterly Payment Date in April 2027, and may
be further extended until the Quarterly Payment Date in April 2028, in each case pursuant to Section 3.06(b) of the Series 2021-1 Supplement). For purposes of the Base Indenture, the
“Series 2021-1 Class A-1 Senior Notes Renewal Date” shall be deemed to be a “Class A-1 Senior Notes
Renewal Date.” 
 “Series 2021-1
Class A-1 Subfacility Noteholder” means the Person in whose name a Series 2021-1 Class A-1
Swingline Note or Series 2021-1 Class A-1 L/C Note is registered in the Note Register. For purposes of the Base Indenture, the “Series 2021-1 Class A-1 Subfacility Noteholders” shall be deemed to be “Class A-1 Subfacility Noteholders.” 

“Series 2021-1 Class A-1 Swingline
Loan” has the meaning set forth under “Swingline Loan” in this Annex A. 

  
 A-13 

 “Series 2021-1 Class A-1 Swingline Notes” has the meaning set forth in “Designation” of the Series 2021-1 Supplement. 

“Series 2021-1 Class A-2
Distribution Account” has the meaning set forth in Section 3.08(a) of the Series 2021-1 Supplement. 

“Series 2021-1 Class A-2
Distribution Account Collateral” has the meaning set forth in Section 3.08(d) of the Series 2021-1 Supplement. 

“Series 2021-1 Class A-2-I Initial Principal Amount” means the aggregate initial outstanding principal amount of the Series 2021-1 Class A-2-I Notes, which is $850,000,000. 
 “Series
2021-1 Class A-2-II Initial Principal Amount” means the aggregate initial outstanding principal
amount of the Series 2021-1 Class A-2-II Notes, which is $1,000,000,000. 

“Series 2021-1 Class A-2 Make-Whole
Prepayment Premium” means, with respect to any Series 2021-1 Prepayment Amount in respect of the applicable Subclass of the Series 2021-1 Class A-2 Notes on which any prepayment premium is due, an amount (not less than zero) calculated by the Manager, on behalf of the Issuer, equal to (A) except as otherwise provided in clause (B) below
with respect to the Series 2021-1 Class A-2-II Notes and the period referenced therein, (i) the discounted present
value as of the relevant Series 2021-1 Make-Whole Premium Calculation Date for such Subclass of all future installments of interest and principal that the Co-Issuers
would otherwise be required to pay on such Subclass (or such portion thereof to be prepaid), from the applicable Series 2021-1 Prepayment Date to and including the applicable Make-Whole End Date, assuming all
Series 2021-1 Class A-2 Scheduled Principal Payments are made pursuant to the then-applicable schedule of payments (giving effect to any ratable reductions in the
Series 2021-1 Class A-2 Scheduled Principal Payments due to optional and mandatory prepayments, including prepayments in connection with a Rapid Amortization Event,
and cancellations of repurchased Notes prior to the date of such prepayment and assuming the Series 2021-1 Class A-2 Notes Scheduled Principal Payments (or ratable
amounts thereof based on the principal of such Subclass (or portion thereof) being prepaid) are to be made on each Quarterly Payment Date prior to such Make-Whole End Date and the entire remaining unpaid principal amount of such Subclass of Series 2021-1 Class A-2 Notes (or a portion thereof) is paid on the applicable Make-Whole End Date for such Subclass minus (ii) the Outstanding Principal Amount of
the Series 2021-1 Class A-2 Notes of such Subclass (or portion thereof) being prepaid; and (B) solely with respect to the Series
2021-1 Class A-2-II Notes, if all Outstanding Notes will be prepaid (including by refinancing) in full, on any day from and
including the Quarterly Payment Date in July 2024 to and including the Quarterly Payment Date in July 2025, then the Series 2021-1 Class A-2 Make Whole Prepayment
Premium will be equal to (x) 101% of the Outstanding Principal Amount of the Series 2021-1 Class A-2-II Notes minus
(y) the Outstanding Principal Amount of the Series 2021-1 Class A-2-II Notes. 

For the purposes of the calculation of the discounted present value in clause (A)(i) above, such present value shall be determined by
the Manager, on behalf of the Master Issuer, using a discount rate equal to the sum of: (x) the yield to maturity (adjusted to a quarterly bond-equivalent basis), on the Series 2021-1 Make-Whole Premium
Calculation Date for such Subclass, of the United States Treasury Security having a maturity closest to the Make-Whole End Date for such Subclass plus (y) 0.50%. For purposes of the Base Indenture, “Series
2021-1 Class A-2 Make-Whole Prepayment Premium” shall be deemed to be a “Prepayment Premium,” and shall be deemed to be “unpaid premiums and
make-whole prepayment premiums” for purposes of the Priority of Payments. 
 “Series
2021-1 Class A-2 Note Purchase Agreement” means the Purchase Agreement, dated April 8, 2021, by and among the Initial Purchasers,
the Co-Issuers, the Guarantors, the Manager, Holdco and Intermediate Holdco, as amended, supplemented or otherwise modified from time to time, relating to the Series
2021-1 Class A-2-I Notes and the Series 2021-1 Class A-2-II Notes. 

  
 A-14 

 “Series 2021-1 Class A-2 Note Rate” means, (a) with respect to the Series 2021-1
Class A-2-I Notes, a fixed rate of 2.662% per annum and (b) with respect to the Series 2021-1 Class A-2-II Notes, a fixed rate of 3.151% per annum. 

“Series 2021-1 Class A-2
Noteholder” means the Person in whose name a Series 2021-1 Class A-2 Note is registered in the Note Register. 

“Series 2021-1 Class A-2-I Notes” has the meaning specified in “Designation” of the Series 2021-1 Supplement. 

“Series 2021-1 Class A-2-II Notes” has the meaning specified in “Designation” of the Series 2021-1 Supplement. 

“Series 2021-1 Class A-2 Post-ARD Contingent Interest” has the meaning set forth in Section 3.05(b)(i) of the Series 2021-1 Supplement. For purposes of the Base
Indenture, Series 2021-1 Class A-2 Post-ARD Contingent Interest shall be deemed to be “Senior Notes Quarterly Post-ARD Contingent Interest.” 
 “Series 2021-1
Class A-2 Post-ARD Contingent Interest Rate” has the meaning set forth in Section 3.05(b)(i) of the Series 2021-1 Supplement. 
 “Series 2021-1 Class A-2 Quarterly Interest” means, with respect to each Subclass and any Interest Period for the Series 2021-1
Class A-2 Notes, an amount equal to the sum of (a) the accrued interest at the applicable Series 2021-1 Class A-2
Note Rate on such Subclass’ Outstanding Principal Amount (as of the first day of such Interest Period after giving effect to all payments of principal made to holders of such Subclass of the Series 2021-1
Class A-2 Notes on such day and also giving effect to repurchases and cancellations of such Series 2021-1 Class A-2
Notes during such Interest Period), calculated based on a 360-day year consisting of twelve 30-day months and (b) the amount of any Senior Notes Interest Shortfall
Amount with respect to such Subclass (as determined pursuant to Section 5.12(b) of the Base Indenture), for the immediately preceding Interest Period together with Additional Senior Notes Interest Shortfall Interest (as
determined pursuant to Section 5.12(b) of the Base Indenture) on such Senior Notes Interest Shortfall Amount. For purposes of the Base Indenture, “Series 2021-1 Class A-2 Quarterly Interest” shall be deemed to be “Senior Notes Quarterly Interest.” 

“Series 2021-1 Class A-2 Scheduled
Principal Deficiency Amount” means the amount, if positive, equal to the difference between (i) the Series 2021-1 Class A-2 Scheduled Principal
Payments Amount for any Quarterly Payment Date plus any Series 2021-1 Class A-2 Scheduled Principal Payments Amounts due but unpaid from any previous
Quarterly Payment Dates and (ii) the amount of funds on deposit in the Senior Notes Principal Payments Account with respect to the Series 2021-1 Class A-2
Notes. 
 “Series 2021-1
Class A-2 Scheduled Principal Payment” means any payment of principal with respect to each Subclass of Series 2021-1 Class A-2 Notes made pursuant to Section 3.02(f) of the Series 2021-1 Supplement. For purposes of the Base Indenture, the “Series 2021-1 Class A-2 Scheduled Principal Payments” shall be deemed to be “Scheduled Principal Payments.” 

“Series 2021-1 Class A-2 Scheduled
Principal Payments Amount” means, with respect to any Quarterly Payment Date and a Subclass, an amount based on a 1.00% scheduled annual amortization, equal to 0.25% of the initial outstanding principal amount of such Subclass. In
connection with any optional prepayment of principal of a Subclass of Series 2021-1 Class A-2 Notes, any Indemnification Payment or Real Estate Dispositions applied
to reduce the principal of a Subclass of Series 2021-1 Class A-2 Notes or any repurchase and cancellation of a Subclass of Notes, the Series 2021-1 Class A-2 Scheduled Principal Payments Amount for each remaining Quarterly Payment Date for such Subclass will be reduced ratably based on the amount of such
prepayment or repurchase allocated to such Subclass relative to the Outstanding Principal Amount of such Subclass immediately prior to such prepayment or repurchase. 

  
 A-15 

 “Series 2021-1 Closing Date” means
April 16, 2021. 
 “Series 2021-1 Distribution Accounts” means, collectively,
the Series 2021-1 Class A-1 Distribution Account and the Series 2021-1
Class A-2 Distribution Account. 
 “Series
2021-1 Extension Elections” means, collectively, the Series 2021-1 First Extension Election and the Series 2021-1 Second
Extension Election. 
 “Series 2021-1 Final Payment” means, with respect to a
Subclass, the payment of all accrued and unpaid interest on and principal of all Outstanding Series 2021-1 Senior Notes of such Subclass, and, in the case of the Series
2021-1 Class A-1 Notes, the expiration or cash collateralization in accordance with the terms of the Series 2021-1 Class A-1 Note Purchase Agreement of all Undrawn L/C Face Amounts (after giving effect to the provisions of Section 4.04 of the Series 2021-1 Class A-1 Note Purchase Agreement), the payment of all fees and expenses and other amounts then due and payable under the Series 2021-1
Class A-1 Note Purchase Agreement and the termination in full of all Series 2021-1 Class A-1 Commitments. 

“Series 2021-1 Final Payment Date” means, with respect to a Subclass, the date on
which the Series 2021-1 Final Payment for such Subclass is made. 
 “Series 2021-1 First Extension Election” has the meaning set forth in Section 3.06(b)(i) of the Series 2021-1 Supplement. 

“Series 2021-1 Global Notes” means, collectively, the Regulation S Global Notes, the
Unrestricted Global Notes and the Restricted Global Notes. 
 “Series 2021-1 Ineligible
Account” has the meaning set forth in Section 3.11 of the Series 2021-1 Supplement. 

“Series 2021-1 Interest Reserve Release Amount” means, as of any Accounting Date, the
excess, if any, of (i) the Series 2021-1 Available Senior Notes Interest Reserve Account Amount over (ii) the Series 2021-1 Notes Interest Reserve Amount
required to be on deposit on the immediately following Quarterly Payment Date. 
 “Series
2021-1 Interest Reserve Release Event” means (i) the Manager provides a certification to the Trustee on or before the Accounting Date that the Series
2021-1 Available Senior Notes Interest Reserve Account Amount will exceed the Series 2021-1 Notes Interest Reserve Amount required to be on deposit on the immediately
following Quarterly Payment Date or (ii) either (A) the Outstanding Principal Amount of the Series 2021-1 Class A-2 Notes or (B) the Series 2021-1 Class A-1 Maximum Principal Amount is reduced. The provision of the Quarterly Noteholders’ Statement by the Manager shall be deemed to satisfy clause
(i) of this definition. For purposes of the Base Indenture, the “Series 2021-1 Interest Reserve Release Event” shall be deemed to be an “Interest Reserve Release Event.” 

“Series 2021-1 Legal Final Maturity Date” means the Quarterly Payment Date in April
2051. For purposes of the Base Indenture, the “Series 2021-1 Legal Final Maturity Date” shall be deemed to be a “Series Legal Final Maturity Date.” 

“Series 2021-1 Make-Whole Premium Calculation Date” has the meaning set forth in
Section 3.06(g) of the Series 2021-1 Supplement. 

  
 A-16 

 “Series 2021-1 Note Owner” means,
with respect to a Series 2021-1 Note that is a Book-Entry Note, the Person who is the beneficial owner of such Book-Entry Note, as reflected on the books of the Clearing Agency that holds such Book-Entry Note,
or on the books of a Person maintaining an account with such Clearing Agency (directly or as an indirect participant, in accordance with the rules of such Clearing Agency). 

“Series 2021-1 Noteholders” means, collectively, the Series 2021-1 Class A-1 Noteholders and the Series 2021-1 Class A-2 Noteholders. 

“Series 2021-1 Notes Interest Reserve Account Deficiency” means, when used with
respect to any date, that on such date the Series 2021-1 Notes Interest Reserve Amount exceeds the Series 2021-1 Available Senior Notes Interest Reserve Account
Amount. 
 “Series 2021-1 Notes Interest Reserve Account Deficit Amount” means, on
any Weekly Allocation Date with respect to a Quarterly Collection Period, the amount, if any, by which (a) the Series 2021-1 Notes Interest Reserve Amount exceeds (b) the Series 2021-1 Available Senior Notes Interest Reserve Account Amount on such date; provided, however, with respect to any Weekly Allocation Date that occurs during the Quarterly Collection Period immediately
preceding the Series 2021-1 Final Payment Date or the Series 2021-1 Legal Final Maturity Date, the Series 2021-1 Notes Interest
Reserve Account Deficit Amount shall be zero. 
 “Series 2021-1 Notes Interest Reserve
Amount” means, for any Weekly Allocation Date with respect to a Quarterly Collection Period, the amount equal to (i) the sum of (a) for each Subclass of Series 2021-1 Class A-2 Notes, the Outstanding Principal Amount of such Subclass as of the immediately preceding Quarterly Payment Date (after giving effect to any principal payments on such date) multiplied by the
applicable Series 2021-1 Class A-2 Note Rate for such Subclass, plus (b) the sum, for each Series 2021-1 Class A-1 Note, of the related Commitment Amount as of the immediately preceding Quarterly Payment Date (after giving effect to any commitment reductions on such date), multiplied by the applicable Series 2021-1 Class A-1 Note Rate (provided, that the Manager shall determine the amount in clause (b) using its good faith estimate of the applicable Series 2021-1 Class A-1 Note Rate and the Series 2021-1 Notes Interest Reserve Amount shall be adjusted quarterly pursuant to
Section 3.02(d)(iv) of the Series 2021-1 Supplement), and divided by (ii) four. 

“Series 2021-1 Outstanding Principal Amount” means, with respect any date, the sum of
the Series 2021-1 Class A-1 Outstanding Principal Amount plus with respect to each Subclass of the Series 2021-1 Class A-2 Notes, when used with respect to any date, an amount equal to (a) the Initial Principal Amount of such Subclass, minus (b) the aggregate amount of principal payments (whether pursuant to
Series 2021-1 Class A-2 Scheduled Principal Payment, a prepayment, a purchase and cancellation, a redemption or otherwise) made to the Series 2021-1 Noteholders with respect to such Subclass on or prior to such date. For purposes of the Base Indenture, the “Series 2021-1 Outstanding Principal Amount” shall
be deemed to be an “Outstanding Principal Amount.” 
 “Series 2021-1
Prepayment” has the meaning set forth in Section 3.06(e) of the Series 2021-1 Supplement. 

“Series 2021-1 Prepayment Amount” has the meaning set forth in
Section 3.06(g) of the Series 2021-1 Supplement. 
 “Series 2021-1 Prepayment Date” means the date on which any prepayment on the Series 2021-1 Class A-1 Notes or the Series 2021-1 Class A-2 Notes is made pursuant to Section 3.06(d)(i), Section 3.06(d)(ii), Section 3.06(f) or
Section 3.06(i) of the Series 2021-1 Supplement, which shall be, with respect to any Series 2021-1 Prepayment pursuant to
Section 3.06(d)(i) or Section 3.06(f) of the Series 2021-1 Supplement, the date specified as such in the applicable Prepayment Notice and, with respect to
any Series 2021-1 Prepayment in connection with a Rapid Amortization Period or Real Estate Disposition Proceeds, the immediately succeeding Quarterly Payment Date. 

  
 A-17 

 “Series 2021-1 Second Extension
Election” has the meaning set forth in Section 3.06(b)(ii) of the Series 2021-1 Supplement. 

“Series 2021-1 Securities Intermediary” has the meaning set forth in
Section 3.09(a) of the Series 2021-1 Supplement. 
 “Series 2021-1 Senior Notes” means, collectively, the Series 2021-1 Class A-2-I Notes and
the Series 2021-1 Class A-2-II Notes. 

“Series 2021-1 Supplement” means the Series
2021-1 Supplement, dated as of the Series 2021-1 Closing Date by and among the Co-Issuers, the Trustee and the Series 2021-1 Securities Intermediary, as amended, supplemented or otherwise modified from time to time. 

“Series 2021-1 Supplemental Definitions List” has the meaning set forth in Article I
of the Series 2021-1 Supplement. 
 “Series
Non-Amortization Test” means, with respect to the Series 2021-1 Senior Notes, a test that will be satisfied on any Quarterly Payment Date if (i) the Holdco
Leverage Ratio is less than or equal to 5.0x as of the Accounting Date preceding such Quarterly Payment Date and (ii) no Rapid Amortization Event has occurred and is continuing. 

“Similar Law” means any federal, state, local, non-U.S. or other laws or regulations
governing investments by plans, accounts and arrangements not subject to the fiduciary responsibility provisions of ERISA or the provisions of Section 4975 of the Code (including governmental plans, certain church plans and non-U.S. plans), and the conduct of the fiduciaries of such plans, accounts and arrangements. 

“STAMP” has the meaning set forth in Section 4.03(a) of the Series
2021-1 Supplement. 
 “Subfacility Decrease” has the meaning set forth in
Section 2.02(d) of the Series 2021-1 Supplement. 
 “Subfacility
Increase” has the meaning set forth in Section 2.01(b) of the Series 2021-1 Supplement. 

“Swingline Commitment” means the obligation of the Swingline Lender to make Swingline Loans pursuant to
Section 2.06 of the Series 2021-1 Class A-1 Note Purchase Agreement in an aggregate principal amount at any one time outstanding not to
exceed $30,000,000, as such amount may be reduced or increased pursuant to Section 2.06(i) of the Series 2021-1 Class A-1 Note Purchase
Agreement or reduced pursuant to Section 2.05(b) of the Series 2021-1 Class A-1 Note Purchase Agreement. 

“Swingline Lender” means Coöperatieve Rabobank U.A., New York Branch, in its capacity as maker of Swingline Loans, and
its permitted successors and assigns in such capacity. 
 “Swingline Loans” has the meaning set forth in
Section 2.06(a) of the Series 2021-1 Class A-1 Note Purchase Agreement. 

“Trigger Event” means an event or series of events by which (1) any “person” or “group” (as such
terms are used in Sections 13(d) and 14(d) of the Exchange Act, 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; provided that such person does not have the right to direct the voting of securities included in such employee benefit plan) acquires ownership or control, either directly or indirectly, of more than 35% of the Equity Interests of
the Master Issuer or an amount of 

  
 A-18 

 
Equity Interests of the Master Issuer that entitles such “person” or “group” to exercise more than 35% of the voting power in the Equity Interests of the Master Issuer
(including by reason of a change in the ownership of the Equity Interests in, or voting power of, Holdco, Intermediate Holdco, DPL or the SPV Guarantor). 

“Uncertificated Note” means any Note issued in uncertificated, fully registered form evidenced by entry in the Note Register.

 “Undrawn Commitment Fees” has the meaning set forth in Section 3.02 of the Series 2021-1 Class A-1 Note Purchase Agreement. 
 “Undrawn
L/C Face Amounts” means, at any time, the aggregate then undrawn and unexpired face amount of any Letters of Credit outstanding at such time. 

“Unreimbursed L/C Drawings” means, at any time, the aggregate amount of any L/C Reimbursement Amounts that have not then been
reimbursed pursuant to Section 2.08 of the Series 2021-1 Class A-1 Note Purchase Agreement. 

“Unrestricted Global Notes” has the meaning set forth in Section 4.02(b) of the Series 2021-1 Supplement. 
 “U.S. Person” has the meaning set forth in
Section 4.02 of the Series 2021-1 Supplement. 
 “Voluntary
Decrease” has the meaning set forth in Section 2.02(b) of the Series 2021-1 Supplement. 

  
 A-19 

 EXHIBIT A-1-1

 FORM OF SERIES 2021-1 VARIABLE FUNDING SENIOR SECURED NOTE, CLASS
A-1 
 SUBCLASS: SERIES 2021-1 CLASS A-1 ADVANCE NOTE 
 THE ISSUANCE AND SALE OF THIS SERIES 2021-1
VARIABLE FUNDING SENIOR SECURED NOTE, CLASS A-1 (THIS “NOTE”), WHICH IS A SERIES 2021-1 CLASS A-1 ADVANCE NOTE,
HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE OF
DOMINO’S PIZZA MASTER ISSUER LLC, DOMINO’S SPV CANADIAN HOLDING COMPANY INC., DOMINO’S PIZZA DISTRIBUTION LLC AND DOMINO’S IP HOLDER LLC (THE “CO-ISSUERS”) HAS BEEN
REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”). THIS NOTE AND ANY INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY TO PERSONS WHO ARE NOT COMPETITORS (AS
DEFINED IN THE INDENTURE), UNLESS THE CO-ISSUERS GIVE WRITTEN CONSENT TO SUCH OFFER, SALE, PLEDGE OR OTHER TRANSFER, AND IN ACCORDANCE WITH THE PROVISIONS OF THE CLASS
A-1 NOTE PURCHASE AGREEMENT, DATED AS OF APRIL 16, 2021 BY AND AMONG THE CO-ISSUERS, THE GUARANTORS, DOMINO’S PIZZA LLC, AS THE MANAGER, THE CONDUIT INVESTORS,
THE COMMITTED NOTE PURCHASERS AND THE FUNDING AGENTS NAMED THEREIN AND COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, AS ADMINISTRATIVE AGENT. 

THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN AND SUBJECT TO INCREASES AND DECREASES AS SET FORTH HEREIN. ACCORDINGLY, THE
OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT BY INQUIRY OF THE TRUSTEE. 

REGISTERED 
  

			
	No. R-A-    	  	up to $[        ]

 SEE REVERSE FOR CERTAIN CONDITIONS 

DOMINO’S PIZZA MASTER ISSUER LLC, 

DOMINO’S SPV CANADIAN HOLDING COMPANY INC., 

DOMINO’S PIZZA DISTRIBUTION LLC and 

DOMINO’S IP HOLDER LLC 

SERIES 2021-1 VARIABLE FUNDING SENIOR SECURED NOTE, CLASS A-1

 SUBCLASS: SERIES 2021-1 CLASS A-1 ADVANCE NOTE 

DOMINO’S PIZZA MASTER ISSUER LLC, a limited liability company formed under the laws of the State of Delaware, DOMINO’S SPV CANADIAN
HOLDING COMPANY INC., a corporation incorporated under the laws of the State of Delaware, DOMINO’S PIZZA DISTRIBUTION LLC, a limited liability company formed under the laws of the State of Delaware, and DOMINO’S IP HOLDER LLC, a limited
liability company formed under the laws of the State of Delaware (herein referred to, collectively, as the “Co-Issuers”), for value received, hereby jointly and severally promise to pay to
[                    ] or registered assigns, up to the principal sum of
[                    ] DOLLARS ($[        ]) or such lesser amount as shall equal the portion of the Series 2021-1 Class A-1 Outstanding Principal Amount evidenced by this Note as provided in the Indenture and the Series 2021-1

  
 Exh A-1-1-1 

 
Class A-1 Note Purchase Agreement. Payments of principal shall be payable in the amounts and at the times set forth in the Indenture described herein;
provided, however, that the entire unpaid principal amount of this Note shall be due on April 25, 2051 (the “Series 2021-1 Legal Final Maturity Date”). Pursuant to the
Series 2021-1 Class A-1 Note Purchase Agreement and the Series 2021-1 Supplement, the principal amount of this Note may be
subject to Increases or Decreases on any Business Day during the Commitment Term, and principal with respect to the Series 2021-1 Class A-1 Notes may be paid
earlier than the Series 2021-1 Legal Final Maturity Date as described in the Indenture. The Co-Issuers will pay interest on this Series
2021-1 Class A-1 Advance Note (this “Note”) at the Series 2021-1
Class A-1 Note Rate for each Interest Period in accordance with the terms of the Indenture. Such amounts due on this Note will be payable in arrears on each Quarterly Payment Date, which will be on the
25th day (or, if such 25th day is not a Business Day, the next succeeding Business Day) of each January, April, July and October, commencing July 26, 2021 (each, a “Quarterly Payment Date”). Such amounts due on this Note will
accrue for each Quarterly Payment Date with respect to (i) initially, the period from and including April 16, 2021 to but excluding the day that is two (2) Business Days prior to the first Accounting Date and (ii) thereafter, any
period commencing on and including the day that is two (2) Business Days prior to an Accounting Date and ending on but excluding the day that is two (2) Business Days prior to the next succeeding Accounting Date (each, an “Interest
Period”). Such amounts due on this Note (and interest on any defaulted payments of amounts due on this Note at the same rate) will be computed in accordance with the Indenture. In addition, under the circumstances set forth in the
Indenture, the Co-Issuers shall also pay contingent interest on this Note at the Series 2021-1 Class A-1 Post-Renewal Date
Contingent Interest Rate, and such contingent interest shall be computed and shall be payable in the amounts and at the times set forth in the Indenture. In addition to and not in limitation of the foregoing and the provisions of the Indenture and
the Series 2021-1 Class A-1 Note Purchase Agreement, the Co-Issuers further jointly and severally agree to pay to the holder
of this Note such holder’s portion of other fees, costs and expense reimbursements, indemnification amounts and other amounts, if any, due and payable in accordance with the Indenture and the Series
2021-1 Class A-1 Note Purchase Agreement. 
 The holder
of this Note is authorized to endorse on the schedules annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date and amount of each Increase and Decrease with respect thereto
and the Series 2021-1 Class A-1 Note Rate applicable thereto. Each such endorsement shall constitute prima facie evidence of the accuracy of the information
endorsed. The failure to make any such endorsement or any error in any such endorsement shall not affect the obligations of the Co-Issuers in respect of the Series
2021-1 Class A-1 Outstanding Principal Amount. 
 The
amounts due on this Note are payable in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the
Co-Issuers with respect to this Note shall be applied as provided in the Indenture. 
 This Note is
subject to mandatory and optional prepayment as set forth in the Indenture. 
 Reference is made to the further provisions of this Note set
forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Note. Although a summary of certain provisions of the Indenture is set forth below and on the reverse hereof and made a part hereof, this
Note does not purport to summarize the Indenture and reference is made to the Indenture for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the Co-Issuers and the Trustee. A copy of the Indenture may be requested from the Trustee by writing to the Trustee at: Citibank, N.A., 388 Greenwich Street, New York, NY 10013, Attention: Agency & Trust —
Domino’s Pizza Master Issuer LLC. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to them in the Indenture. 

  
 Exh A-1-1-2 

 Subject to the next following paragraph, the
Co-Issuers hereby certify and declare that all acts, conditions and things required to be done and performed and to have happened prior to the creation of this Note and to constitute it as the valid obligation
of the Co-Issuers enforceable in accordance with its terms, have been done and performed and have happened in due compliance with all applicable laws and in accordance with the terms of the Indenture. 

Unless the certificate of authentication hereon has been executed by the Trustee whose name appears below by manual signature, this Note shall
not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose. 

[Remainder of page intentionally left blank] 

  
 Exh A-1-1-3 

 IN WITNESS WHEREOF, each of the Co-Issuers has
caused this instrument to be signed, manually or in facsimile, by its Authorized Officer. 
  

									
	Date:	 		 	DOMINO’S PIZZA MASTER ISSUER LLC,
		 		 	as Co-Issuer
				
		 		 	By:	 	  

		 		 		 	Name:	 	Stuart A. Levy
		 		 		 	Title:	 	Executive Vice President and Chief Financial Officer
			
		 		 	DOMINO’S SPV CANADIAN HOLDING COMPANY INC.,
		 		 	as Co-Issuer
				
		 		 	By:	 	  

		 		 		 	Name:	 	Stuart A. Levy
		 		 		 	Title:	 	Executive Vice President and Chief Financial Officer
			
		 		 	DOMINO’S PIZZA DISTRIBUTION LLC,
		 		 	as Co-Issuer
				
		 		 	By:	 	  

		 		 		 	Name:	 	Stuart A. Levy
		 		 		 	Title:	 	Executive Vice President and Chief Financial Officer
			
		 		 	DOMINO’S IP HOLDER LLC,
		 		 	as Co-Issuer
				
		 		 	By:	 	  

		 		 		 	Name:	 	Stuart A. Levy
		 		 		 	Title:	 	Executive Vice President

  
 Exh A-1-1-4 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Series 2021-1 Class A-1 Advance Notes
issued under the within-mentioned Indenture. 
  

			
	CITIBANK, N.A.,
	as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 Exh A-1-1-5 

 [REVERSE OF NOTE] 

This Note is one of a duly authorized issue of Series 2021-1
Class A-1 Notes of the Co-Issuers designated as their Series 2021-1 Variable Funding Senior Secured Notes, Class A-1 (herein called the “Series 2021-1 Class A-1 Notes”), and is one of the Subclass
thereof designated as the Series 2021-1 Class A-1 Advance Notes (herein called the “Series 2021-1
Class A-1 Advance Notes”), all issued under (i) the Amended and Restated Base Indenture, dated as of March 15, 2012 (such Amended and Restated Base Indenture, as amended,
supplemented or modified, is herein called the “Base Indenture”), among the Co-Issuers and Citibank, N.A., as trustee (the “Trustee”, which term includes any successor Trustee
under the Base Indenture) and as securities intermediary, and (ii) a Series 2021-1 Supplement to the Base Indenture, dated as of April 16, 2021 (the “Series
2021-1 Supplement”), among the Co-Issuers, the Trustee, and Citibank, N.A., as Series 2021-1 Securities Intermediary.
The Base Indenture and the Series 2021-1 Supplement are referred to herein as the “Indenture”. The Series 2021-1
Class A-1 Advance Notes are subject to all terms of the Indenture. All terms used in this Note that are defined in the Indenture, as supplemented, modified or amended, shall have the meanings assigned to
them in or pursuant to the Indenture, as so supplemented, modified or amended. 
 The Series 2021-1 Class A-1 Advance Notes are and will be secured by the Collateral pledged as security therefor as provided in the Indenture. 

As provided for in the Indenture, the Series 2021-1
Class A-1 Advance Notes may be prepaid, in whole or in part, at the option of the Co-Issuers. In addition, the Series 2021-1
Class A-1 Advance Notes are subject to mandatory prepayment as provided for in the Indenture. As described above, the entire unpaid principal amount of this Note shall be due and payable on the Series 2021-1 Legal Final Maturity Date. Subject to the terms and conditions of the Series 2021-1 Class A-1 Note Purchase Agreement, all
payments of principal of the Series 2021-1 Class A-1 Advance Notes will be made pro rata to the holders of Series
2021-1 Class A-1 Advance Notes entitled thereto based on the amounts due to such holders. 

Amounts due on this Note which are payable on a Quarterly Payment Date or on any date on which payments are permitted to be made as provided
for in the Indenture shall be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the applicable Record Date or Prepayment Record Date, as the case may be. 

Interest and contingent interest, if any, will each accrue on the Series 2021-1 Class A-1 Advance Notes at the rates set forth in the Indenture. Such amounts will be computed on the basis set forth in the Indenture. Amounts payable on the Series
2021-1 Class A-1 Advance Notes on each Quarterly Payment Date will be calculated as set forth in the Indenture. 

Payments of amounts due on this Note are subordinated to the payment of certain other amounts in accordance with the Priority of Payments.

 If an Event of Default shall occur and be continuing, this Note may become or be declared due and payable in the manner and with the
effect provided in the Indenture. 
 Unless otherwise specified in the Series 2021-1 Supplement, on
each Quarterly Payment Date, the Paying Agent shall pay to the Series 2021-1 Class A-1 Noteholders of record on the preceding Record Date the amounts payable
thereto (i) by wire transfer in immediately available funds released by the Paying Agent from the Series 2021-1 Class A-1 Distribution Account no later than
12:30 p.m. (New York City time) if a Series 2021-1 Class A-1 Noteholder has provided to the Paying Agent and the Trustee wiring instructions at least five
(5) Business Days prior to the applicable Quarterly Payment Date or (ii) by check mailed first-class postage prepaid to such Series 2021-1 Class A-1
Noteholder at the address for such Series 2021-1 Class A-1 Noteholder appearing in the Note Register if such Series 2021-1 Class A-1 Noteholder has not provided wire instructions pursuant to clause (i) above; provided, however, that the 

  
 Exh A-1-1-6 

 
final principal payment due on a Series 2021-1 Class A-1 Note shall only be paid upon due presentment and
surrender of such Series 2021-1 Class A-1 Note for cancellation in accordance with the provisions of the Series 2021-1 Class A-1 Note at the applicable Corporate Trust Office. 
 As provided in the Indenture and subject
to certain limitations set forth therein, the transfer of this Note may be registered on the Note Register upon surrender of this Note for registration of transfer at the office or agency designated by the
Co-Issuers pursuant to the Indenture, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Trustee duly executed by, the Series
2021-1 Class A-1 Noteholder hereof or his attorney duly authorized in writing, with such signature guaranteed by an “eligible guarantor institution”
meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined
by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended, and accompanied by such other documents as the Trustee and the Registrar may require and as may be required by
the Series 2021-1 Supplement, and thereupon one or more new Series 2021-1 Class A-1 Advance Notes of authorized
denominations in the same aggregate principal amount will be issued to the designated transferee or transferees. No service charge will be charged for any registration of transfer or exchange of this Note, but the transferor may be required to pay a
sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any such registration of transfer or exchange. 

Each Series 2021-1 Class A-1 Noteholder, by acceptance of
a Series 2021-1 Class A-1 Note, covenants and agrees that by accepting the benefits of the Indenture that prior to the date that is one year and one day after the
payment in full of the latest maturing note issued under the Indenture, such Series 2021-1 Class A-1 Noteholder will not institute against, or join with any other
Person in instituting against, any Securitization Entity any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law; provided, however,
that nothing herein shall constitute a waiver of any right to indemnification, reimbursement or other payment from the Securitization Entities pursuant to the Indenture or any other Related Document. 

It is the intent of the Co-Issuers and each Series 2021-1 Class A-1 Noteholder that, for federal, state and local income and franchise tax purposes only, the Series 2021-1 Class A-1
Notes will evidence indebtedness of the Co-Issuers secured by the Collateral. Each Series 2021-1 Class A-1 Noteholder, by
the acceptance of this Note, agrees to treat this Note (or beneficial interests herein) for purposes of federal, state and local income or franchise taxes and any other tax imposed on or measured by income, as indebtedness of the Co-Issuers or, if any Co-Issuer is treated as a division of another entity, such other entity. 

The Indenture permits certain amendments to be made thereto without the consent of the Control Party, the Controlling
Class Representative or any Series 2021-1 Class A-1 Noteholders, provided that certain conditions precedent are satisfied. The Indenture also permits,
with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Co-Issuers and the rights of the Series
2021-1 Class A-1 Noteholders under the Indenture at any time by the Co-Issuers with the consent of the Control Party (acting
at the direction of the Controlling Class Representative) and without the consent of any Series 2021-1 Class A-1 Noteholders. The Indenture also contains
provisions permitting the Control Party (acting at the direction of the Controlling Class Representative) to waive compliance by the Co-Issuers with certain provisions of the Indenture and certain past
defaults under the Indenture and their consequences without the consent of any Series 2021-1 Class A-1 Noteholders. Any such consent or waiver of this Note (or any
one or more predecessor Notes) shall be conclusive and binding upon such Series 2021-1 Class A-1 Noteholder and upon all future Series 2021-1 Class A-1 Noteholders of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof whether or not notation
of such consent or waiver is made upon this Note. 

  
 Exh A-1-1-7 

 Each purchaser or transferee of this Note (or any interest herein) shall be deemed to
represent and warrant that either (i) it is not acquiring or holding this Note (or any interest herein) for or on behalf of, or with the assets of, any plan, account or other arrangement that is subject to Title I of ERISA, Section 4975 of
the Code, entities whose underlying assets are considered to include “plan assets” of such plans, accounts and arrangements under DOL regulations, as modified by Section 3(42) of ERISA (collectively, “ERISA Plans”) or
with the assets or any plan, account or other arrangement that is subject to the provisions under any Similar Law, or (ii) its purchase and holding of this Note (or any interest herein) does not constitute and will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any applicable Similar Law. 

The term “Co-Issuer” as used in this Note includes any successor to the Co-Issuers and any Additional Co-Issuers under the Indenture. 

The Series 2021-1 Class A-1 Notes are issuable only in
registered form in denominations as provided in the Indenture, subject to certain limitations set forth therein. 
 This Note and the
Indenture shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York. 
 No reference herein
to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Co-Issuers, which is absolute and unconditional, to pay the amounts due on this Note at the times,
place and rate, and in the coin or currency herein prescribed. 
 [Remainder of page intentionally left blank] 

  
 Exh A-1-1-8 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee:
                                         
                    FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto
                                         
                                         
                                         
                                      

(name and address of assignee) 
 the within Note
and all rights thereunder, and hereby irrevocably constitutes and appoints                      , attorney, to transfer said Note on the books
kept for registration thereof, with full power of substitution in the premises. 
 Dated:
                     
  

					
	By:	 	  
	 	1 
		 	Signature Guaranteed:	 	
			
		 	  
	 	

  
  

	1 	 NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on
the face of the within Note, without alteration, enlargement or any change whatsoever. 

  
 Exh A-1-1-9 

 INCREASES AND DECREASES 

 

																													
	 Date
	  	Unpaid
Principal
Amount	 	  	Increase	 	  	Decrease	 	  	Total	 	  	Series
2021-1
Class A-1
Note
Rate	 	  	Interest
Period (if
applicable)	 	  	Notation
Made By	 
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			

  
 Exh A-1-1-10 

 EXHIBIT A-1-2

 FORM OF SERIES 2021-1 VARIABLE FUNDING SENIOR SECURED NOTE, CLASS
A-1 
 SUBCLASS: SERIES 2021-1 CLASS A-1 SWINGLINE NOTE 
 THE ISSUANCE AND SALE OF THIS SERIES 2021-1
VARIABLE FUNDING SENIOR SECURED NOTE, CLASS A-1 (THIS “NOTE”), WHICH IS A SERIES 2021-1 CLASS A-1 SWINGLINE
NOTE, HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE OF
DOMINO’S PIZZA MASTER ISSUER LLC, DOMINO’S SPV CANADIAN HOLDING COMPANY INC., DOMINO’S PIZZA DISTRIBUTION LLC AND DOMINO’S IP HOLDER LLC (THE “CO-ISSUERS”) HAS BEEN
REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”). THIS NOTE AND ANY INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY TO PERSONS WHO ARE NOT COMPETITORS (AS
DEFINED IN THE INDENTURE), UNLESS THE CO-ISSUERS GIVE WRITTEN CONSENT TO SUCH OFFER, SALE, PLEDGE OR OTHER TRANSFER, AND IN ACCORDANCE WITH THE PROVISIONS OF THE CLASS
A-1 NOTE PURCHASE AGREEMENT, DATED AS OF APRIL 16, 2021 BY AND AMONG THE CO-ISSUERS, THE GUARANTORS, DOMINO’S PIZZA LLC, AS THE MANAGER, THE CONDUIT INVESTORS,
THE COMMITTED NOTE PURCHASERS AND THE FUNDING AGENTS NAMED THEREIN AND COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, AS ADMINISTRATIVE AGENT. 

  
 Exh A-1-2-1 

 THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN AND SUBJECT TO SUBFACILITY
INCREASES AND SUBFACILITY DECREASES AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS CURRENT PRINCIPAL
AMOUNT BY INQUIRY OF THE TRUSTEE. 
 REGISTERED 
  

			
	No. R-S-	  	up to $[        ]

 SEE REVERSE FOR CERTAIN CONDITIONS 

DOMINO’S PIZZA MASTER ISSUER LLC, 

DOMINO’S SPV CANADIAN HOLDING COMPANY INC., 

DOMINO’S PIZZA DISTRIBUTION LLC and 

DOMINO’S IP HOLDER LLC 

SERIES 2021-1 VARIABLE FUNDING SENIOR SECURED NOTE, CLASS A-1 

SUBCLASS: SERIES 2021-1 CLASS A-1 SWINGLINE NOTE 

DOMINO’S PIZZA MASTER ISSUER LLC, a limited liability company formed under the laws of the State of Delaware, DOMINO’S SPV CANADIAN
HOLDING COMPANY INC., a corporation incorporated under the laws of the State of Delaware, DOMINO’S PIZZA DISTRIBUTION LLC, a limited liability company formed under the laws of the State of Delaware, and DOMINO’S IP HOLDER LLC, a limited
liability company formed under the laws of the State of Delaware (herein referred to, collectively, as the “Co-Issuers”), for value received, hereby jointly and severally promise to pay to
[                    ] or registered assigns, up to the principal sum of
[                    ] DOLLARS ($[        ]) or such lesser amount as shall equal the portion of the Series
2021-1 Class A-1 Outstanding Principal Amount evidenced by this Note as provided in the Indenture and the Series 2021-1 Class A-1 Note Purchase Agreement. Payments of principal shall be payable in the amounts and at the times set forth in the
Indenture described herein; provided, however, that the entire unpaid principal amount of this Note shall be due on April 25, 2051 (the “Series 2021-1 Legal Final Maturity Date”). Pursuant to the Series 2021-1 Class
A-1 Note Purchase Agreement and the Series 2021-1 Supplement, the principal amount of this Note may be subject to Subfacility Increases or Subfacility Decreases on any Business Day during the Commitment Term, and principal with respect to the Series
2021-1 Class A-1 Notes may be paid earlier than the Series 2021-1 Legal Final Maturity Date as described in the Indenture. The Co-Issuers will pay interest on this Series 2021-1 Class A-1 Swingline Note (this “Note”) at the Series
2021-1 Class A-1 Note Rate for each Interest Period in accordance with the terms of the Indenture. Such amounts due on this Note will be payable in arrears on each Quarterly Payment Date, which will be on the 25th day (or, if such 25th day is not a
Business Day, the next succeeding Business Day) of each January, April, July and October, commencing July 26, 2021 (each, a “Quarterly Payment Date”). Such amounts due on this Note will accrue for each Quarterly Payment Date with
respect to (i) initially, the period from and including April 16, 2021 to but excluding the day that is two (2) Business Days prior to the first Accounting Date and (ii) thereafter, any period commencing on and including the day that is two (2)
Business Days prior to an Accounting Date and ending on but excluding the day that is two (2) Business Days prior to the next succeeding Accounting Date (each, an “Interest Period”). Such amounts due on this Note (and interest on
any defaulted payments of amounts due on this Note at the same rate) will be computed in accordance with the Indenture. In addition, under the circumstances set forth in the Indenture, the Co-Issuers shall also pay contingent interest on this Note
at the Series 2021-1 Class A-1 Post-Renewal Date Contingent Interest Rate, and such contingent interest shall be computed and shall be 

  
 Exh A-1-2-2 

 
payable in the amounts and at the times set forth in the Indenture. In addition to and not in limitation of the foregoing and the provisions of the Indenture and the Series 2021-1 Class A-1 Note Purchase Agreement, the Co-Issuers further jointly and severally agree to pay to the holder of this Note
such holder’s portion of the other fees, costs and expense reimbursements, indemnification amounts and other amounts, if any, due and payable in accordance with the Indenture and the Series 2021-1 Class A-1 Note Purchase Agreement. 
 The holder of this Note is authorized to endorse on the
schedules annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date and amount of each Subfacility Increase and Subfacility Decrease with respect thereto and the Series 2021-1 Class A-1 Note Rate applicable thereto. Each such endorsement shall constitute prima facie evidence of the accuracy of the information endorsed. The failure
to make any such endorsement or any error in any such endorsement shall not affect the obligations of the Co-Issuers in respect of the Series 2021-1 Class A-1 Outstanding Principal Amount. 
 The amounts due on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Co-Issuers with respect to this Note shall be applied as
provided in the Indenture. 
 This Note is subject to mandatory and optional prepayment as set forth in the Indenture. 

Reference is made to the further provisions of this Note set forth on the reverse hereof, which shall have the same effect as though fully set
forth on the face of this Note. Although a summary of certain provisions of the Indenture is set forth below and on the reverse hereof and made a part hereof, this Note does not purport to summarize the Indenture and reference is made to the
Indenture for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the Co-Issuers and the Trustee. A copy of
the Indenture may be requested from the Trustee by writing to the Trustee at: Citibank, N.A., 388 Greenwich Street, New York, NY 10013, Attention: Agency & Trust — Domino’s Pizza Master Issuer LLC. To the extent not defined
herein, the capitalized terms used herein have the meanings ascribed to them in the Indenture. 
 Subject to the next following paragraph,
the Co-Issuers hereby certify and declare that all acts, conditions and things required to be done and performed and to have happened prior to the creation of this Note and to constitute it as the valid
obligation of the Co-Issuers enforceable in accordance with its terms, have been done and performed and have happened in due compliance with all applicable laws and in accordance with the terms of the
Indenture. 
 Unless the certificate of authentication hereon has been executed by the Trustee whose name appears below by manual signature,
this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose. 

[Remainder of page intentionally left blank] 

  
 Exh A-1-2-3 

 IN WITNESS WHEREOF, each of the Co-Issuers has
caused this instrument to be signed, manually or in facsimile, by its Authorized Officer. 
 Date:
                         
  

					
	DOMINO’S PIZZA MASTER ISSUER LLC,
	as Co-Issuer
		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial
		 		 	Officer
	
	DOMINO’S SPV CANADIAN HOLDING COMPANY INC.,
	as Co-Issuer
		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	DOMINO’S PIZZA DISTRIBUTION LLC,
	as Co-Issuer
		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial
		 		 	Officer
	
	DOMINO’S IP HOLDER LLC,
	as Co-Issuer
		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer

  
 Exh A-1-2-4 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Series 2021-1 Class A-1 Swingline
Notes issued under the within-mentioned Indenture. 
  

			
	CITIBANK, N.A.,
	as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 Exh A-1-2-5 

 [REVERSE OF NOTE] 

This Note is one of a duly authorized issue of Series 2021-1
Class A-1 Notes of the Co-Issuers designated as their Series 2021-1 Variable Funding Senior Secured Notes, Class A-1 (herein called the “Series 2021-1 Class A-1 Notes”), and is one of the Subclass
thereof designated as the Series 2021-1 Class A-1 Swingline Notes (herein called the “Series 2021-1
Class A-1 Swingline Notes”), all issued under (i) the Amended and Restated Base Indenture, dated as of March 15, 2012 (such Amended and Restated Base Indenture, as
amended, supplemented or modified, is herein called the “Base Indenture”), among the Co-Issuers and Citibank, N.A., as trustee (the “Trustee”, which term includes any
successor Trustee under the Base Indenture) and as securities intermediary, and (ii) a Series 2021-1 Supplement to the Base Indenture, dated as of April 16, 2021 (the “Series 2021-1 Supplement”), among the Co-Issuers, the Trustee and Citibank, N.A., as Series 2021-1 Securities Intermediary. The Base
Indenture and the Series 2021-1 Supplement are referred to herein as the “Indenture”. The Series 2021-1
Class A-1 Swingline Notes are subject to all terms of the Indenture. All terms used in this Note that are defined in the Indenture, as supplemented, modified or amended, shall have the meanings assigned
to them in or pursuant to the Indenture, as so supplemented, modified or amended. 
 The Series
2021-1 Class A-1 Swingline Notes are and will be secured by the Collateral pledged as security therefor as provided in the Indenture. 

As provided for in the Indenture, the Series 2021-1
Class A-1 Swingline Notes may be prepaid, in whole or in part, at the option of the Co-Issuers. In addition, the Series
2021-1 Class A-1 Swingline Notes are subject to mandatory prepayment as provided for in the Indenture. As described above, the entire unpaid principal amount of
this Note shall be due and payable on the Series 2021-1 Legal Final Maturity Date. Subject to the terms and conditions of the Series 2021-1 Class A-1 Note Purchase Agreement, all payments of principal of the Series 2021-1 Class A-1 Swingline Notes will be made
pro rata to the holders of Series 2021-1 Class A-1 Swingline Notes entitled thereto based on the amounts due to such holders. 

Amounts due on this Note which are payable on a Quarterly Payment Date or on any date on which payments are permitted to be made as provided
for in the Indenture shall be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the applicable Record Date or Prepayment Record Date, as the case may be. 

Interest and contingent interest, if any, will each accrue on the Series 2021-1 Class A-1 Swingline Notes at the rates set forth in the Indenture. The interest and contingent interest, if any, will be computed on the basis set forth in the Indenture. Amounts payable on the Series 2021-1 Class A-1 Swingline Notes on each Quarterly Payment Date will be calculated as set forth in the Indenture. 

Payments of amounts due on this Note are subordinated to the payment of certain other amounts in accordance with the Priority of Payments.

 If an Event of Default shall occur and be continuing, this Note may become or be declared due and payable in the manner and with the
effect provided in the Indenture. 
 Unless otherwise specified in the Series 2021-1 Supplement, on
each Quarterly Payment Date, the Paying Agent shall pay to the Series 2021-1 Class A-1 Noteholders of record on the preceding Record Date the amounts payable
thereto (i) by wire transfer in immediately available funds released by the Paying Agent from the Series 2021-1 Class A-1 Distribution Account no later than
12:30 p.m. (New York City time) if a Series 2021-1 Class A-1 Noteholder has provided to the Paying Agent and the Trustee wiring instructions at least five
(5) Business Days prior to the applicable Quarterly Payment Date or (ii) by check mailed first-class postage prepaid to such Series 2021-1 Class A-1
Noteholder at the address for such Series 2021-1 Class A-1 Noteholder appearing in the Note Register if such Series 2021-1

  
 Exh A-1-2-6 

 
Class A-1 Noteholder has not provided wire instructions pursuant to clause (i) above; provided, however, that the final
principal payment due on a Series 2021-1 Class A-1 Note shall only be paid upon due presentment and surrender of such Series
2021-1 Class A-1 Note for cancellation in accordance with the provisions of the Series 2021-1
Class A-1 Note at the applicable Corporate Trust Office. 
 As provided in the Indenture and
subject to certain limitations set forth therein, the transfer of this Note may be registered on the Note Register upon surrender of this Note for registration of transfer at the office or agency designated by the
Co-Issuers pursuant to the Indenture, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Trustee duly executed by, the Series
2021-1 Class A-1 Noteholder hereof or his attorney duly authorized in writing, with such signature guaranteed by an “eligible guarantor institution”
meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined
by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended, and accompanied by such other documents as the Trustee and the Registrar may require and as may be required by
the Series 2021-1 Supplement, and thereupon one or more new Series 2021-1 Class A-1 Swingline Notes of authorized
denominations in the same aggregate principal amount will be issued to the designated transferee or transferees. No service charge will be charged for any registration of transfer or exchange of this Note, but the transferor may be required to pay a
sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any such registration of transfer or exchange. 

Each Series 2021-1 Class A-1 Noteholder, by acceptance of
a Series 2021-1 Class A-1 Note, covenants and agrees that by accepting the benefits of the Indenture that prior to the date that is one year and one day after the
payment in full of the latest maturing note issued under the Indenture, such Series 2021-1 Class A-1 Noteholder will not institute against, or join with any other
Person in instituting against, any Securitization Entity any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law; provided, however,
that nothing herein shall constitute a waiver of any right to indemnification, reimbursement or other payment from the Securitization Entities pursuant to the Indenture or any other Related Document. 

It is the intent of the Co-Issuers and each Series 2021-1 Class A-1 Noteholder that, for federal, state and local income and franchise tax purposes only, the Series 2021-1 Class A-1
Notes will evidence indebtedness of the Co-Issuers secured by the Collateral. Each Series 2021-1 Class A-1 Noteholder, by
the acceptance of this Note, agrees to treat this Note (or beneficial interests herein) for purposes of federal, state and local income or franchise taxes and any other tax imposed on or measured by income, as indebtedness of the Co-Issuers or, if any Co-Issuer is treated as a division of another entity, such other entity. 

The Indenture permits certain amendments to be made thereto without the consent of the Control Party, the Controlling
Class Representative or any Series 2021-1 Class A-1 Noteholders, provided that certain conditions precedent are satisfied. The Indenture also permits,
with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Co-Issuers and the rights of the Series
2021-1 Class A-1 Noteholders under the Indenture at any time by the Co-Issuers with the consent of the Control Party (acting
at the direction of the Controlling Class Representative) and without the consent of any Series 2021-1 Class A-1 Noteholders. The Indenture also contains
provisions permitting the Control Party (acting at the direction of the Controlling Class Representative) to waive compliance by the Co-Issuers with certain provisions of the Indenture and certain past
defaults under the Indenture and their consequences without the consent of any Series 2021-1 Class A-1 Noteholders. Any such consent or waiver of this Note (or any
one or more predecessor Notes) shall be conclusive and binding upon such Series 2021-1 Class A-1 Noteholder and upon all future Series 2021-1 Class A-1 Noteholders of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof whether or not notation
of such consent or waiver is made upon this Note. 

  
 Exh A-1-2-7 

 Each purchaser or transferee of this Note (or any interest herein) shall be deemed to
represent and warrant that either (i) it is not acquiring or holding this Note (or any interest herein) for or on behalf of, or with the assets of, any plan, account or other arrangement that is subject to Title I of ERISA, Section 4975 of
the Code, entities whose underlying assets are considered to include “plan assets” of such plans, accounts and arrangements under DOL regulations, as modified by Section 3(42) of ERISA (collectively, “ERISA Plans”) or
with the assets or any plan, account or other arrangement that is subject to the provisions under any Similar Law, or (ii) its purchase and holding of this Note (or any interest herein) does not constitute and will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any applicable Similar Law. 

The term “Co-Issuer” as used in this Note includes any successor to the Co-Issuers and any Additional Co-Issuers under the Indenture. 

The Series 2021-1 Class A-1 Notes are issuable only in
registered form in denominations as provided in the Indenture, subject to certain limitations set forth therein. 
 This Note and the
Indenture shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York. 
 No reference herein
to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Co-Issuers, which is absolute and unconditional, to pay the amounts due on this Note at the times,
place and rate, and in the coin or currency herein prescribed. 
 [Remainder of page intentionally left blank] 

  
 Exh A-1-2-8 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee:
                                         
                                         
                 
 FOR VALUE RECEIVED, the undersigned hereby sells,
assigns and transfers unto
                                         
                                    

                          
                                         
                                         
                                         
                                         
                           

(name and address of assignee) 
 the within Note and all rights
thereunder, and hereby irrevocably constitutes and appoints     
                                         
 , attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 
 Dated:
                     
  

					
	 By:
	 	  
	 	2 
		 	Signature Guaranteed:	 	
		
		 	  

  
  

	2 	 NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on
the face of the within Note, without alteration, enlargement or any change whatsoever. 

  
 Exh A-1-2-9 

 INCREASES AND DECREASES 

 

																													
	 Date
	  	Unpaid
Principal
Amount	 	  	Subfacility
Increase	 	  	Subfacility
Decrease	 	  	Total	 	  	Series
2021-1
Class A-1
Note
Rate	 	  	Interest
Period (if
applicable)	 	  	Notation
Made By	 
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			

  
 Exh A-1-2-10 

																													
	 Date
	  	Unpaid
Principal
Amount	 	  	Subfacility
Increase	 	  	Subfacility
Decrease	 	  	Total	 	  	Series
2021-1
Class A-1
Note
Rate	 	  	Interest
Period (if
applicable)	 	  	Notation
Made By	 
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			

  
 Exh A-1-2-11 

 EXHIBIT A-1-3

 FORM OF SERIES 2021-1 VARIABLE FUNDING SENIOR SECURED NOTE, CLASS
A-1 
 SUBCLASS: SERIES 2021-1 CLASS A-1 L/C NOTE 
 THE ISSUANCE AND SALE OF THIS SERIES 2021-1
VARIABLE FUNDING SENIOR SECURED NOTE, CLASS A-1 (THIS “NOTE”), WHICH IS A SERIES 2021-1 CLASS A-1 L/C NOTE, HAVE
NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE OF
DOMINO’S PIZZA MASTER ISSUER LLC, DOMINO’S SPV CANADIAN HOLDING COMPANY INC., DOMINO’S PIZZA DISTRIBUTION LLC AND DOMINO’S IP HOLDER LLC (THE “CO-ISSUERS”) HAS BEEN
REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”). THIS NOTE AND ANY INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY TO PERSONS WHO ARE NOT COMPETITORS (AS
DEFINED IN THE INDENTURE), UNLESS THE CO-ISSUERS GIVE WRITTEN CONSENT TO SUCH OFFER, SALE, PLEDGE OR OTHER TRANSFER, AND IN ACCORDANCE WITH THE PROVISIONS OF THE CLASS
A-1 NOTE PURCHASE AGREEMENT, DATED AS OF APRIL 16, 2021 BY AND AMONG THE CO-ISSUERS, THE GUARANTORS, DOMINO’S PIZZA LLC, AS THE MANAGER, THE CONDUIT INVESTORS,
THE COMMITTED NOTE PURCHASERS AND THE FUNDING AGENTS NAMED THEREIN AND COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, AS ADMINISTRATIVE AGENT. 

  
 Exh A-1-3-1 

 THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN AND SUBJECT TO SUBFACILITY
INCREASES AND SUBFACILITY DECREASES AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. ALL L/C OBLIGATIONS RELATING TO LETTERS OF CREDIT ISSUED BY THE
HOLDER OF THIS NOTE (WHETHER IN RESPECT OF UNDRAWN L/C FACE AMOUNTS OR UNREIMBURSED L/C DRAWINGS) SHALL BE DEEMED TO BE PRINCIPAL OUTSTANDING UNDER THIS NOTE FOR ALL PURPOSES OF THE SERIES 2021-1 CLASS A-1 NOTE PURCHASE AGREEMENT, THE INDENTURE AND THE OTHER RELATED DOCUMENTS OTHER THAN, IN THE CASE OF UNDRAWN L/C FACE AMOUNTS, FOR PURPOSES OF ACCRUAL OF INTEREST. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS
CURRENT PRINCIPAL AMOUNT BY INQUIRY OF THE TRUSTEE. 
 REGISTERED 
  

			
	No. R-L-                    	  	up to $[        ]

 SEE REVERSE FOR CERTAIN CONDITIONS 

DOMINO’S PIZZA MASTER ISSUER LLC, 

DOMINO’S SPV CANADIAN HOLDING COMPANY INC., 

DOMINO’S PIZZA DISTRIBUTION LLC and 

DOMINO’S IP HOLDER LLC 

SERIES 2021-1 VARIABLE FUNDING SENIOR SECURED NOTE, CLASS A-1

 SUBCLASS: SERIES 2021-1 CLASS A-1 L/C NOTE 

DOMINO’S PIZZA MASTER ISSUER LLC, a limited liability company formed under the laws of the State of Delaware, DOMINO’S SPV CANADIAN
HOLDING COMPANY INC., a corporation incorporated under the laws of the State of Delaware, DOMINO’S PIZZA DISTRIBUTION LLC, a limited liability company formed under the laws of the State of Delaware, and DOMINO’S IP HOLDER LLC, a limited
liability company formed under the laws of the State of Delaware (herein referred to, collectively, as the “Co-Issuers”), for value received, hereby jointly and severally promise to pay to
[                    ] or registered assigns, up to the principal sum of
[                    ] DOLLARS
($[                    ]) or such lesser amount as shall equal the portion of the Series 2021-1 Class A-1 Outstanding Principal Amount evidenced by this Note as provided in the Indenture and the Series 2021-1 Class A-1
Note Purchase Agreement. Payments of principal shall be payable in the amounts and at the times set forth in the Indenture described herein; provided, however, that the entire unpaid principal amount of this Note shall be due on
April 25, 2051 (the “Series 2021-1 Legal Final Maturity Date”). The initial outstanding principal amount of this Note shall equal the Series 2021-1
Class A-1 Initial Aggregate Undrawn L/C Face Amount. Pursuant to the Series 2021-1 Class A-1 Note Purchase Agreement
and the Series 2021-1 Supplement, the principal amount of this Note may be subject to Subfacility Increases or Subfacility Decreases on any Business Day during the Commitment Term, and principal with respect
to the Series 2021-1 Class A-1 Notes may be paid earlier than the Series 2021-1 Legal Final Maturity Date as described in
the Indenture. The Co-Issuers will pay (i) interest on this Series 2021-1 Class A-1 L/C Note (this
“Note”) at the Series 2021-1 Class A-1 Note Rate and (ii) the Series 2021-1 Class A-1 L/C Fees, in each case, for each Interest Period in accordance with the terms of the Indenture. Such amounts due on this Note will be payable in arrears on each Quarterly Payment Date, which will be
on the 25th day (or, if such 25th day is not a Business Day, the next succeeding Business Day) of each January, April, July and October, commencing July 26, 2021 (each, a “Quarterly Payment Date”). Such amounts due on this Note
will accrue for each Quarterly Payment Date with respect to (i) 

  
 Exh A-1-3-2 

 
initially, the period from and including April 16, 2021 to but excluding the day that is two (2) Business Days prior to the first Accounting Date and (ii) thereafter, any period
commencing on and including the day that is two (2) Business Days prior to an Accounting Date and ending on but excluding the day that is two (2) Business Days prior to the next succeeding Accounting Date (each, an “Interest
Period”). Such amounts due on this Note (and interest on any defaulted payments of amounts due on this Note at the same rate) will be computed in accordance with the Indenture. In addition, under the circumstances set forth in the
Indenture, the Co-Issuers shall also pay contingent interest and fees on this Note at the Series 2021-1 Class A-1
Post-Renewal Date Contingent Interest Rate, and such contingent interest and fees shall be computed and shall be payable in the amounts and at the times set forth in the Indenture. In addition to and not in limitation of the foregoing and the
provisions of the Indenture and the Series 2021-1 Class A-1 Note Purchase Agreement, the Co-Issuers further jointly and
severally agree to pay to the holder of this Note such holder’s portion of the other fees, costs and expense reimbursements, indemnification amounts and other amounts, if any, due and payable in accordance with the Indenture and the Series 2021-1 Class A-1 Note Purchase Agreement. 
 The holder of
this Note is authorized to endorse on the schedules annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date and amount of each Subfacility Increase and Subfacility Decrease
with respect thereto and the Series 2021-1 Class A-1 Note Rate applicable thereto. Each such endorsement shall constitute prima facie evidence of the
accuracy of the information endorsed. The failure to make any such endorsement or any error in any such endorsement shall not affect the obligations of the Co-Issuers in respect of the Series 2021-1 Class A-1 Outstanding Principal Amount. 
 The amounts
due on this Note are payable in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Co-Issuers with
respect to this Note shall be applied as provided in the Indenture. 
 This Note is subject to mandatory and optional prepayment as set
forth in the Indenture. 
 Reference is made to the further provisions of this Note set forth on the reverse hereof, which shall have the
same effect as though fully set forth on the face of this Note. Although a summary of certain provisions of the Indenture is set forth below and on the reverse hereof and made a part hereof, this Note does not purport to summarize the Indenture and
reference is made to the Indenture for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the Co-Issuers
and the Trustee. A copy of the Indenture may be requested from the Trustee by writing to the Trustee at: Citibank, N.A., 388 Greenwich Street, New York, NY 10013, Attention: Agency & Trust — Domino’s Pizza Master Issuer LLC. To
the extent not defined herein, the capitalized terms used herein have the meanings ascribed to them in the Indenture. 
 Subject to the next
following paragraph, the Co-Issuers hereby certify and declare that all acts, conditions and things required to be done and performed and to have happened prior to the creation of this Note and to constitute
it as the valid obligation of the Co-Issuers enforceable in accordance with its terms, have been done and performed and have happened in due compliance with all applicable laws and in accordance with the terms
of the Indenture. 
 Unless the certificate of authentication hereon has been executed by the Trustee whose name appears below by manual
signature, this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose. 

[Remainder of page intentionally left blank] 

  
 Exh A-1-3-3 

 IN WITNESS WHEREOF, each of the Co-Issuers has
caused this instrument to be signed, manually or in facsimile, by its Authorized Officer. 
 Date:      

 

					
	 DOMINO’S PIZZA MASTER ISSUER LLC,

as Co-Issuer

		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	DOMINO’S SPV CANADIAN HOLDING COMPANY INC., as Co-Issuer
		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S PIZZA DISTRIBUTION LLC,

as Co-Issuer

		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S IP HOLDER LLC,
 as Co-Issuer

		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer

  
 Exh A-1-3-4 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Series 2021-1 Class A-1 L/C Notes
issued under the within-mentioned Indenture. 
  

			
	CITIBANK, N.A.,
	as Trustee
		
	By:	 	
                     
                    

		 	Authorized Signatory

  
 Exh A-1-3-5 

 [REVERSE OF NOTE] 

This Note is one of a duly authorized issue of Series 2021-1
Class A-1 Notes of the Co-Issuers designated as their Series 2021-1 Variable Funding Senior Secured Notes, Class A-1 (herein called the “Series 2021-1 Class A-1 Notes”), and is one of the Subclass
thereof designated as the Series 2021-1 Class A-1 L/C Notes (herein called the “Series 2021-1 Class A-1 L/C Notes”), all issued under (i) the Amended and Restated Base Indenture, dated as of March 15, 2012 (such Amended and Restated Base Indenture, as amended, supplemented or modified, is
herein called the “Base Indenture”), among the Co-Issuers and Citibank, N.A., as trustee (the “Trustee”, which term includes any successor Trustee under the Base Indenture)
and as securities intermediary, and (ii) a Series 2021-1 Supplement to the Base Indenture, dated as of April 16, 2021 (the “Series 2021-1
Supplement”), among the Co-Issuers, the Trustee and Citibank, N.A., as Series 2021-1 Securities Intermediary. The Base Indenture and the Series 2021-1 Supplement are referred to herein as the “Indenture”. The Series 2021-1 Class A-1 L/C Notes are subject to
all terms of the Indenture. All terms used in this Note that are defined in the Indenture, as supplemented, modified or amended, shall have the meanings assigned to them in or pursuant to the Indenture, as so supplemented, modified or amended. 

The Series 2021-1 Class A-1 L/C Notes are and will be
secured by the Collateral pledged as security therefor as provided in the Indenture. 
 All L/C Obligations relating to Letters of Credit
issued by the holder of this Note (whether in respect of Undrawn L/C Face Amounts or Unreimbursed L/C Drawings) shall be deemed to be principal outstanding under this Note for all purposes of the Series 2021-1
Class A-1 Note Purchase Agreement, the Indenture and the other Related Documents other than, in the case of Undrawn L/C Face Amounts, for purposes of accrual of interest. As provided for in the Indenture,
the Series 2021-1 Class A-1 L/C Notes may be prepaid, in whole or in part, at the option of the Co-Issuers. In addition, the
Series 2021-1 Class A-1 L/C Notes are subject to mandatory prepayment as provided for in the Indenture. As described above, the entire unpaid principal amount of
this Note shall be due and payable on the Series 2021-1 Legal Final Maturity Date. Subject to the terms and conditions of the Series 2021-1 Class A-1 Note Purchase Agreement, all payments of principal of the Series 2021-1 Class A-1 L/C Notes will be made pro
rata to the holders of Series 2021-1 Class A-1 L/C Notes entitled thereto based on the amounts due to such holders. 

Amounts due on this Note which are payable on a Quarterly Payment Date or on any date on which payments are permitted to be made as provided
for in the Indenture shall be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the applicable Record Date or Prepayment Record Date, as the case may be. 

Interest and fees and contingent interest, if any, will each accrue on the Series 2021-1 Class A-1 L/C Notes at the rates set forth in the Indenture. Such amounts will be computed on the basis set forth in the Indenture. Amounts payable on the Series 2021-1 Class A-1 L/C Notes on each Quarterly Payment Date will be calculated as set forth in the Indenture. 

Payments of amounts due on this Note are subordinated to the payment of certain other amounts in accordance with the Priority of Payments.

 If an Event of Default shall occur and be continuing, this Note may become or be declared due and payable in the manner and with the
effect provided in the Indenture. 
 Unless otherwise specified in the Series 2021-1 Supplement, on
each Quarterly Payment Date, the Paying Agent shall pay to the Series 2021-1 Class A-1 Noteholders of record on the preceding Record Date the amounts payable
thereto (i) by wire transfer in immediately available funds released by the Paying Agent from the Series 2021-1 Class A-1 Distribution Account no later than
12:30 p.m. (New 

  
 Exh A-1-3-6 

 
York City time) if a Series 2021-1 Class A-1 Noteholder has provided to the Paying Agent and the Trustee
wiring instructions at least five (5) Business Days prior to the applicable Quarterly Payment Date or (ii) by check mailed first-class postage prepaid to such Series 2021-1 Class A-1 Noteholder at the address for such Series 2021-1 Class A-1 Noteholder appearing in the Note Register if such Series
2021-1 Class A-1 Noteholder has not provided wire instructions pursuant to clause (i) above; provided, however, that the final principal
payment due on a Series 2021-1 Class A-1 Note shall only be paid upon due presentment and surrender of such Series 2021-1 Class A-1 Note for cancellation in accordance with the provisions of the Series 2021-1 Class A-1 Note at the applicable
Corporate Trust Office. 
 As provided in the Indenture and subject to certain limitations set forth therein, the transfer of this Note may
be registered on the Note Register upon surrender of this Note for registration of transfer at the office or agency designated by the Co-Issuers pursuant to the Indenture, duly endorsed by, or accompanied by a
written instrument of transfer in form satisfactory to the Trustee duly executed by, the Series 2021-1 Class A-1 Noteholder hereof or his attorney duly authorized
in writing, with such signature guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program
(“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended, and
accompanied by such other documents as the Trustee and the Registrar may require and as may be required by the Series 2021-1 Supplement, and thereupon one or more new Series
2021-1 Class A-1 L/C Notes of authorized denominations in the same aggregate principal amount will be issued to the designated transferee or transferees. No service
charge will be charged for any registration of transfer or exchange of this Note, but the transferor may be required to pay a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any such registration
of transfer or exchange. 
 Each Series 2021-1
Class A-1 Noteholder, by acceptance of a Series 2021-1 Class A-1 Note, covenants and agrees that by accepting the
benefits of the Indenture that prior to the date that is one year and one day after the payment in full of the latest maturing note issued under the Indenture, such Series 2021-1
Class A-1 Noteholder will not institute against, or join with any other Person in instituting against, any Securitization Entity any bankruptcy, reorganization, arrangement, insolvency or liquidation
proceedings, or other proceedings, under any federal or state bankruptcy or similar law; provided, however, that nothing herein shall constitute a waiver of any right to indemnification, reimbursement or other payment from the
Securitization Entities pursuant to the Indenture or any other Related Document. 
 It is the intent of the
Co-Issuers and each Series 2021-1 Class A-1 Noteholder that, for federal, state and local income and franchise tax purposes
only, the Series 2021-1 Class A-1 Notes will evidence indebtedness of the Co-Issuers secured by the Collateral. Each Series 2021-1 Class A-1 Noteholder, by the acceptance of this Note, agrees to treat this Note (or beneficial interests herein) for purposes of federal, state and local income or
franchise taxes and any other tax imposed on or measured by income, as indebtedness of the Co-Issuers or, if any Co-Issuer is treated as a division of another entity,
such other entity. 
 The Indenture permits certain amendments to be made thereto without the consent of the Control Party, the Controlling
Class Representative or any Series 2021-1 Class A-1 Noteholders, provided that certain conditions precedent are satisfied. The Indenture also permits,
with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Co-Issuers and the rights of the Series
2021-1 Class A-1 Noteholders under the Indenture at any time by the Co-Issuers with the consent of the Control Party (acting
at the direction of the Controlling Class Representative) and without the consent of any Series 2021-1 Class A-1 Noteholders. The Indenture also contains
provisions permitting the Control Party (acting at the direction of the Controlling Class Representative) to waive compliance by the Co-Issuers with certain provisions of the Indenture and

  
 Exh A-1-3-7 

 
certain past defaults under the Indenture and their consequences without the consent of any Series 2021-1
Class A-1 Noteholders. Any such consent or waiver of this Note (or any one or more predecessor Notes) shall be conclusive and binding upon such Series 2021-1 Class A-1 Noteholder and upon all future Series 2021-1 Class A-1 Noteholders of this Note and of any Note issued upon the
registration of transfer hereof or in exchange hereof or in lieu hereof whether or not notation of such consent or waiver is made upon this Note. 

Each purchaser or transferee of this Note (or any interest herein) shall be deemed to represent and warrant that either (i) it is not
acquiring or holding this Note (or any interest herein) for or on behalf of, or with the assets of, any plan, account or other arrangement that is subject to Title I of ERISA, Section 4975 of the Code, entities whose underlying assets are
considered to include “plan assets” of such plans, accounts and arrangements under DOL regulations, as modified by Section 3(42) of ERISA (collectively, “ERISA Plans”) or with the assets or any plan, account or other
arrangement that is subject to the provisions under any Similar Law, or (ii) its purchase and holding of this Note (or any interest herein) does not constitute and will not result in a non-exempt
prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any applicable Similar Law. 
 The
term “Co-Issuer” as used in this Note includes any successor to the Co-Issuers and any Additional Co-Issuers
under the Indenture. 
 The Series 2021-1 Class A-1
Notes are issuable only in registered form in denominations as provided in the Indenture, subject to certain limitations set forth therein. 

This Note and the Indenture shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Co-Issuers, which is absolute and unconditional, to pay the amounts due on this Note at the times, place and rate, and in the coin or currency herein prescribed. 

[Remainder of page intentionally left blank] 

  
 Exh A-1-3-8 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee:
                                         
                                         
                                         
     
 FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto 

                          
                                         
                                         
                                         
                                         
                                         
             ( 
 name and address of assignee) 

the within Note and all rights thereunder, and hereby irrevocably constitutes and appoints
                                         
                                         
                   

                          
  , attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 
 Dated:
                     
  

			
	By:	 	                                      
                                         
                     3 
		 	Signature Guaranteed:
		
		 	  

  
  

	3 	 NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on
the face of the within Note, without alteration, enlargement or any change whatsoever. 

  
 Exh A-1-3-9 

 INCREASES AND DECREASES 

 

																													
	 Date
	  	Unpaid
Principal
Amount	 	  	Subfacility
Increase	 	  	Subfacility
Decrease	 	  	Total	 	  	Series
2021-1
Class 
A-1
Note
Rate	 	  	Interest
Period (if
applicable)	 	  	Notation
Made By	 
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			

  
 Exh A-1-3-10 

																													
	 Date
	  	Unpaid
Principal
Amount	 	  	Subfacility
Increase	 	  	Subfacility
Decrease	 	  	Total	 	  	Series
2021-1
Class 
A-1
Note
Rate	 	  	Interest
Period (if
applicable)	 	  	Notation
Made By	 
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			

  
 Exh A-1-3-11 

 EXHIBIT A-2-1

 THE ISSUANCE AND SALE OF THIS RESTRICTED GLOBAL SERIES 2021-1 CLASS A-2-I NOTE (THIS “NOTE”) HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE OF DOMINO’S PIZZA MASTER ISSUER LLC, DOMINO’S PIZZA DISTRIBUTION LLC, DOMINO’S IP HOLDER LLC AND DOMINO’S SPV
CANADIAN HOLDING COMPANY INC. (THE “CO-ISSUERS”) HAS BEEN REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”). THIS NOTE OR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO DOMINO’S PIZZA MASTER ISSUER LLC OR AN AFFILIATE THEREOF, (B) IN THE UNITED STATES, TO EITHER AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE THAT IS
NOT A COMPETITOR AND IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR
SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION OR (C) OUTSIDE THE UNITED STATES, TO AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS NEITHER A COMPETITOR NOR A “U.S. PERSON” AS DEFINED IN REGULATION S UNDER THE
SECURITIES ACT (“REGULATION S”) ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, AND NONE OF WHICH ARE A U.S. PERSON, IN OFFSHORE
TRANSACTIONS IN RELIANCE ON REGULATION S, AND, IN EACH CASE, IN COMPLIANCE WITH THE CERTIFICATIONS AND OTHER REQUIREMENTS SPECIFIED IN THE INDENTURE REFERRED TO HEREIN AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ANY
OTHER RELEVANT JURISDICTION. 
 BY ITS ACQUISITION OR ACCEPTANCE HEREOF, THE HOLDER (IF NOT THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER
ISSUER) REPRESENTS THAT (A) IT IS NOT A COMPETITOR AND IS EITHER (X) A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT
DISCRETION EACH OF WHICH IS A QUALIFIED INSTITUTIONAL BUYER OR (Y) NOT A “U.S. PERSON” AS DEFINED IN REGULATION S, ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT DISCRETION EACH
OF WHICH IS NOT A “U.S. PERSON,” IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S, (B) IT AND EACH ACCOUNT FOR WHICH IT IS PURCHASING WILL HOLD AND TRANSFER AT LEAST THE MINIMUM DENOMINATION OF NOTES, (C) IT UNDERSTANDS
THAT THE CO-ISSUERS MAY RECEIVE A LIST OF PARTICIPANTS HOLDING POSITIONS IN THEIR NOTES FROM ONE OR MORE BOOK-ENTRY DEPOSITORIES AND (D) IT WILL PROVIDE NOTICE OF THE TRANSFER RESTRICTIONS TO ANY
SUBSEQUENT TRANSFEREES. 
 EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE (IF NOT THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER
ISSUER) TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE WILL BE DEEMED TO HAVE MADE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS
NOTE OR AN INTEREST IN THIS NOTE IN THE FORM OF AN INTEREST IN A REGULATION S GLOBAL NOTE OR AN UNRESTRICTED GLOBAL NOTE WILL BE REQUIRED TO DELIVER A TRANSFER CERTIFICATE IN THE FORM REQUIRED BY THE INDENTURE AND WILL BE REQUIRED TO MAKE THE
APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. 

  
 Exh A-2-1-1 

 ANY TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING SHALL BE OF NO FORCE AND EFFECT AND
WILL BE VOID AB INITIO AND SHALL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE CONTRARY TO THE CO-ISSUERS, THE TRUSTEE OR
ANY INTERMEDIARY. 
 IF THIS NOTE WAS ACQUIRED IN THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (I) A COMPETITOR OR
(II) NOT TO HAVE BEEN A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF ACQUISITION OF THIS NOTE, THE CO-ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER THAT IS (I) NOT A
COMPETITOR AND (II) A QUALIFIED INSTITUTIONAL BUYER. THE CO-ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A TRANSFEREE TAKING DELIVERY IN THE FORM OF AN INTEREST IN A RULE 144A GLOBAL NOTE
THAT IS DETERMINED TO HAVE BEEN A COMPETITOR OR NOT TO HAVE BEEN A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF THE TRANSFER. 
 IF THIS
NOTE WAS ACQUIRED OUTSIDE THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (I) A COMPETITOR OR (II) A “U.S. PERSON” THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF ACQUISITION OF THIS NOTE, THE CO-ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER THAT IS (I) NOT A COMPETITOR AND (II) EITHER IS A QUALIFIED INSTITUTIONAL BUYER OR NOT A “U.S. PERSON” IN AN
OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S. THE CO-ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A TRANSFEREE TAKING DELIVERY IN THE FORM OF AN INTEREST IN A REGULATION S GLOBAL NOTE
THAT IS DETERMINED TO HAVE BEEN A COMPETITOR OR A “U.S. PERSON.” 
 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, 55 WATER STREET, NEW YORK, NEW YORK 10004, OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR
A SECURITY REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN DTC OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. UNLESS THIS NOTE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE CO-ISSUERS OR THE REGISTRAR, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC, AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
BECAUSE THE REGISTERED OWNER, CEDE & CO., HAS AN INTEREST HEREIN. 

  
 Exh A-2-1-2 

 THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING
PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT BY INQUIRY OF THE TRUSTEE. 

FORM OF RESTRICTED GLOBAL SERIES 2021-1 CLASS A-2-I NOTE 
  

					
	No. R-[    ]	  		  	up to $[        ]

 SEE REVERSE FOR CERTAIN CONDITIONS 

CUSIP Number: 25755T AN0 
 ISIN
Number: US25755TAN00 
 Common Code: 233413518 

DOMINO’S PIZZA MASTER ISSUER LLC, 

DOMINO’S SPV CANADIAN HOLDING COMPANY INC., 

DOMINO’S PIZZA DISTRIBUTION LLC and 

DOMINO’S IP HOLDER LLC 

SERIES 2021-1 2.662% FIXED RATE SENIOR SECURED NOTES, CLASS A-2-I 
 DOMINO’S PIZZA MASTER ISSUER LLC, a limited liability company formed under the laws
of the State of Delaware, DOMINO’S SPV CANADIAN HOLDING COMPANY INC., a corporation incorporated under the laws of the State of Delaware, DOMINO’S PIZZA DISTRIBUTION LLC, a limited liability company formed under the laws of the State of
Delaware, and DOMINO’S IP HOLDER LLC, a limited liability company formed under the laws of the State of Delaware (herein referred to, collectively, as the “Co-Issuers”), for value
received, hereby promise to pay to CEDE & CO. or registered assigns, up to the principal sum of [                    ] DOLLARS
($[        ]) as provided below and in the Indenture referred to herein. Payments of principal shall be payable in the amounts and at the times set forth in the Indenture described herein; provided,
however, that the entire unpaid principal amount of this Note shall be due on April 25, 2051 (the “Series 2021-1 Legal Final Maturity Date”). The
Co-Issuers will pay interest on this Restricted Global Series 2021-1 Class A-2-I
Note (this “Note”) at the applicable Series 2021-1 Note Rate for each Interest Period in accordance with the terms of the Indenture. Such interest will be payable in arrears on each Quarterly
Payment Date, which will be on the 25th day (or, if such 25th day is not a Business Day, the next succeeding Business Day) of each January, April, July and October, commencing July 26, 2021 (each, a “Quarterly Payment Date”).
Such interest will accrue for each Quarterly Payment Date with respect to (i) initially, the period from and including April 16, 2021 to but excluding the first Quarterly Payment Date and (ii) thereafter, the period from and including
a Quarterly Payment Date to but excluding the following Quarterly Payment Date (each, an “Interest Period”). Interest with respect to the Notes (and interest on any defaulted payments of interest or principal) will be computed on
the basis of a 360-day year consisting of twelve 30-day months. In addition, under the circumstances set forth in the Indenture, the
Co-Issuers shall also pay contingent interest on this Note at the Series 2021-1 Class A-2
Post-ARD Contingent Interest Rate, and such contingent interest shall be computed and shall be payable in the amounts and at the times set forth in the Indenture. 

The principal of and interest on this Note are payable in such coin or currency of the United States of America as at the time of payment is
legal tender for payment of public and private debts. All payments made by the Co-Issuers with respect to this Note shall be applied as provided in the Indenture. 

  
 Exh A-2-1-3 

 This Note is subject to mandatory and optional prepayment as set forth in the Indenture.

 Interests in this Note are exchangeable or transferable in whole or in part for interests in a Regulation S Global Note or an
Unrestricted Global Note; provided that such transfer or exchange complies with the applicable provisions of the Indenture relating to the transfer of the Notes. Interests in this Note in certain circumstances may also be exchangeable or
transferable in whole but not in part for duly executed and issued registered Definitive Notes; provided that such transfer or exchange complies with Section 4.02(c) of the Series 2021-1
Supplement. 
 Reference is made to the further provisions of this Note set forth on the reverse hereof, which shall have the same effect as
though fully set forth on the face of this Note. Although a summary of certain provisions of the Indenture is set forth below and on the reverse hereof and made a part hereof, this Note does not purport to summarize the Indenture and reference is
made to the Indenture for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the Co-Issuers and the
Trustee. A copy of the Indenture may be requested from the Trustee by writing to the Trustee at: Citibank, N.A., 388 Greenwich Street, New York, NY 10013, Attention: Agency & Trust — Domino’s Pizza Master Issuer LLC. To the extent
not defined herein, the capitalized terms used herein have the meanings ascribed to them in the Indenture. 
 Subject to the next following
paragraph, the Co-Issuers hereby certify and declare that all acts, conditions and things required to be done and performed and to have happened prior to the creation of this Note and to constitute it as the
valid obligation of the Co-Issuers enforceable in accordance with its terms, have been done and performed and have happened in due compliance with all applicable laws and in accordance with the terms of the
Indenture. 
 Unless the certificate of authentication hereon has been executed by the Trustee whose name appears below by manual signature,
this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose. 

[Remainder of page intentionally left blank] 

  
 Exh A-2-1-4 

 IN WITNESS WHEREOF, each of the Co-Issuers has
caused this instrument to be signed, manually or in facsimile, by its Authorized Officer. 
 Date:
                     
  

					
	DOMINO’S PIZZA MASTER ISSUER LLC,
as Co-Issuer
		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	DOMINO’S SPV CANADIAN HOLDING COMPANY INC.,
as Co-Issuer
		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	DOMINO’S PIZZA DISTRIBUTION LLC,
as Co-Issuer
		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	DOMINO’S IP HOLDER LLC,
as Co-Issuer
		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer

  
 Exh A-2-1-5 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Series 2021-1
Class A-2-I Notes issued under the within-mentioned Indenture. 
  

			
	CITIBANK, N.A.,
	as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 Exh A-2-1-6 

 [REVERSE OF NOTE] 

This Note is one of a duly authorized issue of Series 2021-1 Class A-2-I Notes of the Co-Issuers designated as their $850,000,000 Series 2021-1 2.662% Fixed Rate Senior Secured Notes, Class A-2-I (herein called the “Series 2021-1 Class A-2-I Notes”), all issued under (i) the Amended and Restated Base Indenture, dated as of March 15, 2012 (such Amended and Restated Base Indenture, as amended, supplemented or
modified, is herein called the “Base Indenture”), among the Co-Issuers and Citibank, N.A., as trustee (the “Trustee”, which term includes any successor Trustee under the Base
Indenture) and as securities intermediary, and (ii) a Series 2021-1 Supplement to the Base Indenture, dated as of April 16, 2021 (the “Series 2021-1
Supplement”), among the Co-Issuers, the Trustee and Citibank, N.A., as Series 2021-1 Securities Intermediary. The Base Indenture and the Series 2021-1 Supplement are referred to herein as the “Indenture”. The Series 2021-1
Class A-2-I Notes are subject to all terms of the Indenture. All terms used in this Note that are defined in the Indenture, as supplemented, modified or amended,
shall have the meanings assigned to them in or pursuant to the Indenture, as so supplemented, modified or amended. 
 The Series 2021-1 Class A-2-I Notes are and will be secured by the Collateral pledged as security therefor as provided in the Indenture. 

The Notes will be issued in minimum denominations of $50,000 and integral multiples of $1,000 in excess thereof. 

As provided for in the Indenture, the Series 2021-1 Class A-2-I Notes may be prepaid, in whole or in part, at the option of the Co-Issuers. In addition, the Series 2021-1 Class A-2-I Notes are subject to mandatory prepayment as provided for in the Indenture. In certain circumstances, the Co-Issuers
will be obligated to pay the Series 2021-1 Class A-2 Make-Whole Prepayment Premium in connection with a mandatory or optional prepayment of the Series 2021-1 Class A-2-I Notes as described in the Indenture. As described above, the entire unpaid principal amount of this Note shall
be due and payable on the Series 2021-1 Legal Final Maturity Date. All payments of principal of the Series 2021-1 Class A-2-I Notes will be made pro rata to the Series 2021-1
Class A-2-I Noteholders entitled thereto. 
 Principal
of and interest on this Note which is payable on a Quarterly Payment Date or on any date on which payments are permitted to be made as provided for in the Indenture shall be paid to the Person in whose name this Note (or one or more predecessor
Notes) is registered at the close of business on the applicable Record Date or Prepayment Record Date, as the case may be. 
 Interest and
contingent interest, if any, will each accrue on the Series 2021-1 Class A-2-I Notes at the rates set forth in the
Indenture. The interest and contingent interest, if any, will be computed on the basis set forth in the Indenture. The amount of interest payable on the Series 2021-1 Class A-2-I Notes on each Quarterly Payment Date will be calculated as set forth in the Indenture. 

Payments of principal and interest on this Note are subordinated to the payment of certain other amounts in accordance with the Priority of
Payments. 
 If an Event of Default shall occur and be continuing, this Note may become or be declared due and payable in the manner and
with the effect provided in the Indenture. 
 Amounts payable in respect of this Note shall be made by wire transfer of immediately
available funds to the account designated by DTC or its nominee. 
 As provided in the Indenture and subject to certain limitations set
forth therein, the transfer of this Note may be registered on the Note Register upon surrender of this Note for registration of transfer at the office or agency designated by the Co-Issuers pursuant to the
Indenture, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Trustee duly executed by, 

  
 Exh A-2-1-7 

 
the Series 2021-1 Class A-2-I Noteholder hereof or his attorney duly
authorized in writing, with such signature guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program
(“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended, and
accompanied by such other documents as the Trustee and the Registrar may require and as may be required by the Series 2021-1 Supplement, and thereupon one or more new Series
2021-1 Class A-2-I Notes of authorized denominations in the same aggregate principal amount will be issued to the designated
transferee or transferees. No service charge will be charged for any registration of transfer or exchange of this Note, but the transferor may be required to pay a sum sufficient to cover any tax or other governmental charge that may be imposed in
connection with any such registration of transfer or exchange. 
 Each Series 2021-1 Class A-2-I Noteholder, by acceptance of a Series 2021-1
Class A-2-I Note, covenants and agrees that by accepting the benefits of the Indenture that prior to the date that is one year and one day after the payment in full
of the latest maturing note issued under the Indenture, such Series 2021-1 Class A-2-I Noteholder will not institute
against, or join with any other Person in instituting against, any Securitization Entity any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law;
provided, however, that nothing herein shall constitute a waiver of any right to indemnification, reimbursement or other payment from the Securitization Entities pursuant to the Indenture or any other Related Document. 

It is the intent of the Co-Issuers and each Series 2021-1 Class A-2-I Noteholder that, for federal, state and local income and franchise tax purposes only, the Series 2021-1 Class A-2-I Notes will evidence indebtedness of the Co-Issuers secured by the Collateral. Each Series 2021-1 Class A-2-I Noteholder, by the acceptance of this Note, agrees to treat this Note (or beneficial interests herein) for
purposes of federal, state and local income or franchise taxes and any other tax imposed on or measured by income, as indebtedness of the Co-Issuers or, if any Co-Issuer
is treated as a division of another entity, such other entity. 
 The Indenture permits certain amendments to be made thereto without the
consent of the Control Party, the Controlling Class Representative or any Series 2021-1 Class A-2-I Noteholders,
provided that certain conditions precedent are satisfied. The Indenture also permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the
Co-Issuers and the rights of the Series 2021-1 Class A-2-I Noteholders under the
Indenture at any time by the Co-Issuers with the consent of the Control Party (acting at the direction of the Controlling Class Representative) and without the consent of any Series 2021-1 Class A-2-I Noteholders. The Indenture also contains provisions permitting the Control Party (acting at the direction of
the Controlling Class Representative) to waive compliance by the Co-Issuers with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences without the
consent of any Series 2021-1 Class A-2-I Noteholders. Any such consent or waiver of this Note (or any one or more
predecessor Notes) shall be conclusive and binding upon such Series 2021-1 Class A-2-I Noteholder and upon all future Series
2021-1 Class A-2-I Noteholders of this Note and of any Note issued upon the registration of transfer hereof or in exchange
hereof or in lieu hereof whether or not notation of such consent or waiver is made upon this Note. 
 Each purchaser or transferee of this
Note (or any interest herein) shall be deemed to represent and warrant that either (i) it is not acquiring or holding this Note (or any interest herein) for or on behalf of, or with the assets of, any plan, account or other arrangement that is
subject to Title I of ERISA, Section 4975 of the Code, entities whose underlying assets are considered to include “plan assets” of such plans, accounts and arrangements under DOL regulations, as modified by Section 3(42) of ERISA
(collectively, “ERISA Plans”) or with the assets or any plan, account or other arrangement that is 

  
 Exh A-2-1-8 

 
subject to the provisions under any Similar Law, or (ii) its purchase and holding of this Note (or any interest herein) does not constitute and will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any applicable Similar Law. 

The term “Co-Issuer” as used in this Note includes any successor to the Co-Issuers and any Additional Co-Issuers under the Indenture. 

The Series 2021-1
Class A-2-I Notes are issuable only in registered form in denominations as provided in the Indenture, subject to certain limitations set forth therein. 

This Note and the Indenture shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Co-Issuers, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and in the coin or currency herein prescribed. 

  
 Exh A-2-1-9 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee:
                                         
                                         
                                         

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto
                                         
                                         
                        

                          
                                         
                                         
                                         
                                         
                                         
          
 (name and address of assignee) 

the within Note and all rights thereunder, and hereby irrevocably constitutes and appoints
                     , attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the
premises. 
 Dated:                      

 

			
	By:	 	 1
 
		 	Signature Guaranteed:
		
		 	  

  
  

	1 	 NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on
the face of the within Note, without alteration, enlargement or any change whatsoever. 

  
 Exh A-2-1-10 

 SCHEDULE OF EXCHANGES IN RESTRICTED GLOBAL SERIES
2021-1 
 CLASS A-2-I
NOTE 
 The initial principal balance of this Restricted Global Series 2021-1 Class A-2-I Note is $[        ]. The following exchanges of an interest in this Restricted Global Series 2021-1 Class A-2-I Note for an interest in a corresponding Regulation S Global Series 2021-1 Class A-2-I Note or an Unrestricted Global Series 2021-1 Class A-2-I Note have
been made: 
  

													
	 Date
	  	Amount of Increase (or
Decrease) in the
Principal Amount of
this Restricted Global
Note	 	  	Remaining Principal
Amount of this
Restricted Global Note
following the Increase
or Decrease	 	  	Signature of Authorized
Officer of Trustee or
Registrar	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			
		  				  				  			

  
 Exh A-2-1-11 

 EXHIBIT A-2-2

 THE ISSUANCE AND SALE OF THIS REGULATION S GLOBAL SERIES 2021-1 CLASS A-2-I NOTE (THIS “NOTE”) HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE OF DOMINO’S PIZZA MASTER ISSUER LLC, DOMINO’S PIZZA DISTRIBUTION LLC, DOMINO’S IP HOLDER LLC AND DOMINO’S SPV
CANADIAN HOLDING COMPANY INC. (THE “CO-ISSUERS”) HAS BEEN REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”). THIS NOTE OR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO DOMINO’S PIZZA MASTER ISSUER LLC OR AN AFFILIATE THEREOF, (B) IN THE UNITED STATES, TO EITHER AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE THAT IS
NOT A COMPETITOR AND IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR
SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION OR (C) OUTSIDE THE UNITED STATES, TO AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS NEITHER A COMPETITOR NOR A “U.S. PERSON” AS DEFINED IN REGULATION S UNDER THE
SECURITIES ACT (“REGULATION S”) ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, AND NONE OF WHICH ARE A U.S. PERSON, IN OFFSHORE
TRANSACTIONS IN RELIANCE ON REGULATION S, AND, IN EACH CASE, IN COMPLIANCE WITH THE CERTIFICATIONS AND OTHER REQUIREMENTS SPECIFIED IN THE INDENTURE REFERRED TO HEREIN AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ANY
OTHER RELEVANT JURISDICTION. 
 BY ITS ACQUISITION OR ACCEPTANCE HEREOF, THE HOLDER (IF NOT THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER
ISSUER) REPRESENTS THAT (A) IT IS NOT A COMPETITOR AND IS EITHER (X) A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT
DISCRETION EACH OF WHICH IS A QUALIFIED INSTITUTIONAL BUYER OR (Y) NOT A “U.S. PERSON” AS DEFINED IN REGULATION S, ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT DISCRETION EACH
OF WHICH IS NOT A “U.S. PERSON,” IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S, (B) IT AND EACH ACCOUNT FOR WHICH IT IS PURCHASING WILL HOLD AND TRANSFER AT LEAST THE MINIMUM DENOMINATION OF NOTES, (C) IT UNDERSTANDS
THAT THE CO-ISSUERS MAY RECEIVE A LIST OF PARTICIPANTS HOLDING POSITIONS IN THEIR NOTES FROM ONE OR MORE BOOK-ENTRY DEPOSITORIES AND (D) IT WILL PROVIDE NOTICE OF THE TRANSFER RESTRICTIONS TO ANY
SUBSEQUENT TRANSFEREES. 
 EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE (IF NOT THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER
ISSUER) TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE WILL BE DEEMED TO HAVE MADE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS
NOTE OR AN INTEREST IN THIS NOTE IN THE FORM OF AN INTEREST IN A REGULATION S GLOBAL NOTE OR AN UNRESTRICTED GLOBAL NOTE WILL BE REQUIRED TO DELIVER A TRANSFER CERTIFICATE IN THE FORM REQUIRED BY THE INDENTURE AND WILL BE REQUIRED TO MAKE THE
APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. 

  
 Exh A-2-2-1 

 ANY TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING SHALL BE OF NO FORCE AND EFFECT AND
WILL BE VOID AB INITIO AND SHALL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE CONTRARY TO THE CO-ISSUERS, THE
TRUSTEE OR ANY INTERMEDIARY. 
 IF THIS NOTE WAS ACQUIRED IN THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (I) A COMPETITOR OR
(II) NOT TO HAVE BEEN A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF ACQUISITION OF THIS NOTE, THE CO-ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER THAT IS (I) NOT A
COMPETITOR AND (II) A QUALIFIED INSTITUTIONAL BUYER. THE CO-ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A TRANSFEREE TAKING DELIVERY IN THE FORM OF AN INTEREST IN A RULE 144A GLOBAL NOTE
THAT IS DETERMINED TO HAVE BEEN A COMPETITOR OR NOT TO HAVE BEEN A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF THE TRANSFER. 
 IF THIS
NOTE WAS ACQUIRED OUTSIDE THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (I) A COMPETITOR OR (II) A “U.S. PERSON” THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF ACQUISITION OF THIS NOTE, THE CO-ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER THAT IS (I) NOT A COMPETITOR AND (II) EITHER IS A QUALIFIED INSTITUTIONAL BUYER OR NOT A “U.S. PERSON” IN AN
OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S. THE CO-ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A TRANSFEREE TAKING DELIVERY IN THE FORM OF AN INTEREST IN A REGULATION S GLOBAL NOTE
THAT IS DETERMINED TO HAVE BEEN A COMPETITOR OR A “U.S. PERSON.” 
 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, 55 WATER STREET, NEW YORK, NEW YORK 10004, OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR
A SECURITY REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN DTC OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. UNLESS THIS NOTE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE CO-ISSUERS OR THE REGISTRAR, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC, AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
BECAUSE THE REGISTERED OWNER, CEDE & CO., HAS AN INTEREST HEREIN. 
 UNTIL 40 DAYS AFTER THE ORIGINAL ISSUE DATE OF THE NOTES (THE
“RESTRICTED PERIOD”) IN CONNECTION WITH THE OFFERING OF THE NOTES IN THE UNITED STATES FROM OUTSIDE OF THE UNITED STATES, THE SALE, PLEDGE OR TRANSFER OF THIS NOTE IS SUBJECT TO CERTAIN CONDITIONS AND RESTRICTIONS. THE HOLDER HEREOF, BY
PURCHASING OR OTHERWISE ACQUIRING THIS NOTE, ACKNOWLEDGES THAT SUCH HOLDER IS NOT A “U.S. PERSON” AS DEFINED IN 

  
 Exh A-2-2-2 

 
REGULATION S, THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER ISSUER, AND THAT THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT AND AGREES FOR THE BENEFIT OF THE CO-ISSUERS THAT THIS
NOTE MAY BE TRANSFERRED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY TO A PERSON THAT IS NOT A “U.S. PERSON” AS DEFINED IN REGULATION S, THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER ISSUER AND IN COMPLIANCE WITH THE SECURITIES ACT AND
OTHER APPLICABLE LAWS OF THE STATES, TERRITORIES AND POSSESSIONS OF THE UNITED STATES GOVERNING THE OFFER AND SALE OF SECURITIES, AND PRIOR TO THE EXPIRATION OF THE RESTRICTED PERIOD, ONLY (I) IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION
S UNDER THE SECURITIES ACT OR (II) PURSUANT TO AND IN ACCORDANCE WITH RULE 144A UNDER THE SECURITIES ACT. 

  
 Exh A-2-2-3 

 THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING
PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT BY INQUIRY OF THE TRUSTEE. 

FORM OF REGULATION S GLOBAL SERIES 2021-1 CLASS A-2-I NOTE 
  

			
	No. S-[    ]	  	up to $[        ]

 SEE REVERSE FOR CERTAIN CONDITIONS 

CUSIP Number: U2583E AN7 
 ISIN
Number: USU2583EAN77 
 Common Code: 233413526 

DOMINO’S PIZZA MASTER ISSUER LLC, 

DOMINO’S SPV CANADIAN HOLDING COMPANY INC., 

DOMINO’S PIZZA DISTRIBUTION LLC and 

DOMINO’S IP HOLDER LLC 

SERIES 2021-1 2.662% FIXED RATE SENIOR SECURED NOTES, CLASS A-2-I 

DOMINO’S PIZZA MASTER ISSUER LLC, a limited liability company formed under the laws of the State of Delaware, DOMINO’S SPV CANADIAN
HOLDING COMPANY INC., a corporation incorporated under the laws of the State of Delaware, DOMINO’S PIZZA DISTRIBUTION LLC, a limited liability company formed under the laws of the State of Delaware, and DOMINO’S IP HOLDER LLC, a limited
liability company formed under the laws of the State of Delaware (herein referred to, collectively, as the “Co-Issuers”), for value received, hereby promise to pay to CEDE & CO. or registered assigns, up to the principal sum of
[                    ] DOLLARS ($[        ]) as provided below and in the Indenture referred to herein.
Payments of principal shall be payable in the amounts and at the times set forth in the Indenture described herein; provided, however, that the entire unpaid principal amount of this Note shall be due on April 25, 2051 (the
“Series 2021-1 Legal Final Maturity Date”). The Co-Issuers will pay interest on this Regulation S Global Series 2021-1 Class A-2-I Note (this “Note”) at the applicable Series 2021-1 Note Rate for each Interest
Period in accordance with the terms of the Indenture. Such interest will be payable in arrears on each Quarterly Payment Date, which will be on the 25th day (or, if such 25th day is not a Business Day, the next succeeding Business Day) of each
January, April, July and October, commencing July 26, 2021 (each, a “Quarterly Payment Date”). Such interest will accrue for each Quarterly Payment Date with respect to (i) initially, the period from and including April 16, 2021 to
but excluding the first Quarterly Payment Date and (ii) thereafter, the period from and including a Quarterly Payment Date to but excluding the following Quarterly Payment Date (each, an “Interest Period”). Interest with respect to
the Notes (and interest on any defaulted payments of interest or principal) will be computed on the basis of a 360-day year consisting of twelve 30-day months. In addition, under the circumstances set forth in the Indenture, the Co-Issuers shall
also pay contingent interest on this Note at the Series 2021-1 Class A-2 Post-ARD Contingent Interest Rate, and such contingent interest shall be computed and shall be payable in the amounts and at the times set forth in the Indenture. 

The principal of and interest on this Note are payable in such coin or currency of the United States of America as at the time of payment is
legal tender for payment of public and private debts. All payments made by the Co-Issuers with respect to this Note shall be applied as provided in the Indenture. 

  
 Exh A-2-2-4 

 This Note is subject to mandatory and optional prepayment as set forth in the Indenture.

 Interests in this Note are exchangeable or transferable in whole or in part for interests in a Restricted Global Note or an Unrestricted
Global Note; provided that such transfer or exchange complies with the applicable provisions of the Indenture relating to the transfer of the Notes. Interests in this Note in certain circumstances may also be exchangeable or transferable in
whole but not in part for duly executed and issued registered Definitive Notes; provided that such transfer or exchange complies with Section 4.02(c) of the Series 2021-1 Supplement. 

Reference is made to the further provisions of this Note set forth on the reverse hereof, which shall have the same effect as though fully set
forth on the face of this Note. Although a summary of certain provisions of the Indenture is set forth below and on the reverse hereof and made a part hereof, this Note does not purport to summarize the Indenture and reference is made to the
Indenture for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the Co-Issuers and the Trustee. A copy of
the Indenture may be requested from the Trustee by writing to the Trustee at: Citibank, N.A., 388 Greenwich Street, New York, NY 10013, Attention: Agency & Trust — Domino’s Pizza Master Issuer LLC. To the extent not defined
herein, the capitalized terms used herein have the meanings ascribed to them in the Indenture. 
 Subject to the next following paragraph,
the Co-Issuers hereby certify and declare that all acts, conditions and things required to be done and performed and to have happened prior to the creation of this Note and to constitute it as the valid
obligation of the Co-Issuers enforceable in accordance with its terms, have been done and performed and have happened in due compliance with all applicable laws and in accordance with the terms of the
Indenture. 
 Unless the certificate of authentication hereon has been executed by the Trustee whose name appears below by manual signature,
this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose. 

[Remainder of page intentionally left blank] 

  
 Exh A-2-2-5 

 IN WITNESS WHEREOF, each of the Co-Issuers has
caused this instrument to be signed, manually or in facsimile, by its Authorized Officer. 
 Date:
                     
  

					
	 DOMINO’S PIZZA MASTER ISSUER LLC,

as Co-Issuer

		
	By:	 	
                     
                   

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S SPV CANADIAN HOLDING COMPANY INC.,

as Co-Issuer

		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S PIZZA DISTRIBUTION LLC,

as Co-Issuer

		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S IP HOLDER LLC,
 as Co-Issuer

		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer

  
 Exh A-2-2-6 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Series 2021-1
Class A-2-I Notes issued under the within-mentioned Indenture. 
  

			
	CITIBANK, N.A.,
	as Trustee
		
	By:	 	
                    

		 	Authorized Signatory

  
 Exh A-2-2-7 

 [REVERSE OF NOTE] 

This Note is one of a duly authorized issue of Series 2021-1 Class A-2-I Notes of the Co-Issuers designated as their $850,000,000 Series 2021-1 2.662% Fixed Rate Senior Secured Notes, Class A-2-I (herein called the “Series 2021-1 Class A-2-I Notes”), all issued under (i) the Amended and Restated Base Indenture, dated as of March 15, 2012 (such Amended and Restated Base Indenture, as amended, supplemented or
modified, is herein called the “Base Indenture”), among the Co-Issuers and Citibank, N.A., as trustee (the “Trustee”, which term includes any successor Trustee under the Base
Indenture) and as securities intermediary, and (ii) a Series 2021-1 Supplement to the Base Indenture, dated as of April 16, 2021 (the “Series 2021-1
Supplement”), among the Co-Issuers, the Trustee and Citibank, N.A., as Series 2021-1 Securities Intermediary. The Base Indenture and the Series 2021-1 Supplement are referred to herein as the “Indenture”. The Series 2021-1
Class A-2-I Notes are subject to all terms of the Indenture. All terms used in this Note that are defined in the Indenture, as supplemented, modified or amended,
shall have the meanings assigned to them in or pursuant to the Indenture, as so supplemented, modified or amended. 
 The Series 2021-1 Class A-2-I Notes are and will be secured by the Collateral pledged as security therefor as provided in the Indenture. 

The Notes will be issued in minimum denominations of $50,000 and integral multiples of $1,000 in excess thereof. 

As provided for in the Indenture, the Series 2021-1 Class A-2-I Notes may be prepaid, in whole or in part, at the option of the Co-Issuers. In addition, the Series 2021-1 Class A-2-I Notes are subject to mandatory prepayment as provided for in the Indenture. In certain circumstances, the Co-Issuers
will be obligated to pay the Series 2021-1 Class A-2 Make-Whole Prepayment Premium in connection with a mandatory or optional prepayment of the Series 2021-1 Class A-2-I Notes as described in the Indenture. As described above, the entire unpaid principal amount of this Note shall
be due and payable on the Series 2021-1 Legal Final Maturity Date. All payments of principal of the Series 2021-1 Class A-2-I Notes will be made pro rata to the Series 2021-1
Class A-2-I Noteholders entitled thereto. 
 Principal
of and interest on this Note which is payable on a Quarterly Payment Date or on any date on which payments are permitted to be made as provided for in the Indenture shall be paid to the Person in whose name this Note (or one or more predecessor
Notes) is registered at the close of business on the applicable Record Date or Prepayment Record Date, as the case may be. 
 Interest and
contingent interest, if any, will each accrue on the Series 2021-1 Class A-2-I Notes at the rates set forth in the
Indenture. The interest and contingent interest, if any, will be computed on the basis set forth in the Indenture. The amount of interest payable on the Series 2021-1 Class A-2-I Notes on each Quarterly Payment Date will be calculated as set forth in the Indenture. 

Payments of principal and interest on this Note are subordinated to the payment of certain other amounts in accordance with the Priority of
Payments. 
 If an Event of Default shall occur and be continuing, this Note may become or be declared due and payable in the manner and
with the effect provided in the Indenture. 
 Amounts payable in respect of this Note shall be made by wire transfer of immediately
available funds to the account designated by DTC or its nominee. 
 As provided in the Indenture and subject to certain limitations set
forth therein, the transfer of this Note may be registered on the Note Register upon surrender of this Note for registration of transfer at the office or agency designated by the Co-Issuers pursuant to the
Indenture, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Trustee duly executed by, 

  
 Exh A-2-2-8 

 
the Series 2021-1 Class A-2-I Noteholder hereof or his attorney duly
authorized in writing, with such signature guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program
(“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended, and
accompanied by such other documents as the Trustee and the Registrar may require and as may be required by the Series 2021-1 Supplement, and thereupon one or more new Series
2021-1 Class A-2-I Notes of authorized denominations in the same aggregate principal amount will be issued to the designated
transferee or transferees. No service charge will be charged for any registration of transfer or exchange of this Note, but the transferor may be required to pay a sum sufficient to cover any tax or other governmental charge that may be imposed in
connection with any such registration of transfer or exchange. 
 Each Series 2021-1 Class A-2-I Noteholder, by acceptance of a Series 2021-1
Class A-2-I Note, covenants and agrees that by accepting the benefits of the Indenture that prior to the date that is one year and one day after the payment in full
of the latest maturing note issued under the Indenture, such Series 2021-1 Class A-2-I Noteholder will not institute
against, or join with any other Person in instituting against, any Securitization Entity any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law;
provided, however, that nothing herein shall constitute a waiver of any right to indemnification, reimbursement or other payment from the Securitization Entities pursuant to the Indenture or any other Related Document. 

It is the intent of the Co-Issuers and each Series 2021-1 Class A-2-I Noteholder that, for federal, state and local income and franchise tax purposes only, the Series 2021-1 Class A-2-I Notes will evidence indebtedness of the Co-Issuers secured by the Collateral. Each Series 2021-1 Class A-2-I Noteholder, by the acceptance of this Note, agrees to treat this Note (or beneficial interests herein) for
purposes of federal, state and local income or franchise taxes and any other tax imposed on or measured by income, as indebtedness of the Co-Issuers or, if any Co-Issuer
is treated as a division of another entity, such other entity. 
 The Indenture permits certain amendments to be made thereto without the
consent of the Control Party, the Controlling Class Representative or any Series 2021-1 Class A-2-I Noteholders,
provided that certain conditions precedent are satisfied. The Indenture also permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the
Co-Issuers and the rights of the Series 2021-1 Class A-2-I Noteholders under the
Indenture at any time by the Co-Issuers with the consent of the Control Party (acting at the direction of the Controlling Class Representative) and without the consent of any Series 2021-1 Class A-2-I Noteholders. The Indenture also contains provisions permitting the Control Party (acting at the direction of
the Controlling Class Representative) to waive compliance by the Co-Issuers with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences without the
consent of any Series 2021-1 Class A-2-I Noteholders. Any such consent or waiver of this Note (or any one or more
predecessor Notes) shall be conclusive and binding upon such Series 2021-1 Class A-2-I Noteholder and upon all future Series
2021-1 Class A-2-I Noteholders of this Note and of any Note issued upon the registration of transfer hereof or in exchange
hereof or in lieu hereof whether or not notation of such consent or waiver is made upon this Note. 
 Each purchaser or transferee of this
Note (or any interest herein) shall be deemed to represent and warrant that either (i) it is not acquiring or holding this Note (or any interest herein) for or on behalf of, or with the assets of, any plan, account or other arrangement that is
subject to Title I of ERISA, Section 4975 of the Code, entities whose underlying assets are considered to include “plan assets” of such plans, accounts and arrangements under DOL regulations, as modified by Section 3(42) of ERISA
(collectively, “ERISA Plans”) or with the assets or any plan, account or other arrangement that is 

  
 Exh A-2-2-9 

 
subject to the provisions under any Similar Law, or (ii) its purchase and holding of this Note (or any interest herein) does not constitute and will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any applicable Similar Law. 

The term “Co-Issuer” as used in this Note includes any successor to the Co-Issuers and any Additional Co-Issuers under the Indenture. 

The Series 2021-1
Class A-2-I Notes are issuable only in registered form in denominations as provided in the Indenture, subject to certain limitations set forth therein. 

This Note and the Indenture shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Co-Issuers, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and in the coin or currency herein prescribed. 

  
 Exh A-2-2-10 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee:
                         FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto
                     
  

 
 (name and address of assignee) 

the within Note and all rights thereunder, and hereby irrevocably constitutes and appoints
                     

                        ,
attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 
 Dated:
                     
  

			
	By:	 	                                      
                                         
         1 
		 	 Signature Guaranteed:
  

		 	                                      
                                         
         

  
  

	1 	 NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on
the face of the within Note, without alteration, enlargement or any change whatsoever. 

  
 Exh A-2-2-11 

 SCHEDULE OF EXCHANGES IN REGULATION S GLOBAL SERIES
2021-1 
 CLASS A-2-I
NOTE 
 The initial principal balance of this Regulation S Global Series 2021-1 Class A-2-I Note is $[        ]. The following exchanges of an interest in this Regulation S Global Series 2021-1 Class A-2-I Note for an interest in a corresponding Restricted Global Series 2021-1 Class A-2-I Note or an Unrestricted Global Series 2021-1 Class A-2-I Note have
been made: 
  

													
	
                      Date 
                     
	  	          Amount of Increase (or          

Decrease) in the
Principal Amount of
this Regulation S
Global Note	 	  	Remaining Principal
Amount of this
Regulation S Global
Note following
the
          Increase or Decrease          	 	  	          Signature of Authorized          

Officer of Trustee or
Registrar	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

  
 Exh A-2-2-12 

 EXHIBIT A-2-3

 THE ISSUANCE AND SALE OF THIS UNRESTRICTED GLOBAL SERIES 2021-1 CLASS A-2-I NOTE (THIS “NOTE”) HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE OF DOMINO’S PIZZA MASTER ISSUER LLC, DOMINO’S PIZZA DISTRIBUTION LLC, DOMINO’S IP HOLDER LLC AND DOMINO’S SPV
CANADIAN HOLDING COMPANY INC. (THE “CO-ISSUERS”) HAS BEEN REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”). THIS NOTE OR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO DOMINO’S PIZZA MASTER ISSUER LLC OR AN AFFILIATE THEREOF, (B) IN THE UNITED STATES, TO EITHER AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE THAT IS
NOT A COMPETITOR AND IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR
SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION OR (C) OUTSIDE THE UNITED STATES, TO AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS NEITHER A COMPETITOR NOR A “U.S. PERSON” AS DEFINED IN REGULATION S UNDER THE
SECURITIES ACT (“REGULATION S”) ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, AND NONE OF WHICH ARE A U.S. PERSON, IN OFFSHORE
TRANSACTIONS IN RELIANCE ON REGULATION S, AND, IN EACH CASE, IN COMPLIANCE WITH THE CERTIFICATIONS AND OTHER REQUIREMENTS SPECIFIED IN THE INDENTURE REFERRED TO HEREIN AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ANY
OTHER RELEVANT JURISDICTION. 
 BY ITS ACQUISITION OR ACCEPTANCE HEREOF, THE HOLDER (IF NOT THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER
ISSUER) REPRESENTS THAT (A) IT IS NOT A COMPETITOR AND IS EITHER (X) A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT
DISCRETION EACH OF WHICH IS A QUALIFIED INSTITUTIONAL BUYER OR (Y) NOT A “U.S. PERSON” AS DEFINED IN REGULATION S, ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT DISCRETION EACH
OF WHICH IS NOT A “U.S. PERSON,” IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S, (B) IT AND EACH ACCOUNT FOR WHICH IT IS PURCHASING WILL HOLD AND TRANSFER AT LEAST THE MINIMUM DENOMINATION OF NOTES, (C) IT UNDERSTANDS
THAT THE CO-ISSUERS MAY RECEIVE A LIST OF PARTICIPANTS HOLDING POSITIONS IN THEIR NOTES FROM ONE OR MORE BOOK-ENTRY DEPOSITORIES AND (D) IT WILL PROVIDE NOTICE OF THE TRANSFER RESTRICTIONS TO ANY
SUBSEQUENT TRANSFEREES. 
 EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE (IF NOT THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER
ISSUER) TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE WILL BE DEEMED TO HAVE MADE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS
NOTE OR AN INTEREST IN THIS NOTE IN THE FORM OF AN INTEREST IN A REGULATION S GLOBAL NOTE OR AN UNRESTRICTED GLOBAL NOTE WILL BE REQUIRED TO DELIVER A TRANSFER CERTIFICATE IN THE FORM REQUIRED BY THE INDENTURE AND WILL BE REQUIRED TO MAKE THE
APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. 

  
 Exh A-2-3-1 

 ANY TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING SHALL BE OF NO FORCE AND EFFECT AND
WILL BE VOID AB INITIO AND SHALL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE CONTRARY TO THE CO-ISSUERS, THE
TRUSTEE OR ANY INTERMEDIARY. 
 IF THIS NOTE WAS ACQUIRED IN THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (I) A COMPETITOR OR
(II) NOT TO HAVE BEEN A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF ACQUISITION OF THIS NOTE, THE CO-ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER THAT IS (I) NOT A
COMPETITOR AND (II) A QUALIFIED INSTITUTIONAL BUYER. THE CO-ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A TRANSFEREE TAKING DELIVERY IN THE FORM OF AN INTEREST IN A RULE 144A GLOBAL NOTE
THAT IS DETERMINED TO HAVE BEEN A COMPETITOR OR NOT TO HAVE BEEN A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF THE TRANSFER. 
 IF THIS
NOTE WAS ACQUIRED OUTSIDE THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (I) A COMPETITOR OR (II) A “U.S. PERSON” THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF ACQUISITION OF THIS NOTE, THE CO-ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER THAT IS (I) NOT A COMPETITOR AND (II) EITHER IS A QUALIFIED INSTITUTIONAL BUYER OR NOT A “U.S. PERSON” IN AN
OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S. THE CO-ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A TRANSFEREE TAKING DELIVERY IN THE FORM OF AN INTEREST IN A REGULATION S GLOBAL NOTE
THAT IS DETERMINED TO HAVE BEEN A COMPETITOR OR A “U.S. PERSON.” 
 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, 55 WATER STREET, NEW YORK, NEW YORK 10004, OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR
A SECURITY REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN DTC OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. UNLESS THIS NOTE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE CO-ISSUERS OR THE REGISTRAR, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC, AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
BECAUSE THE REGISTERED OWNER, CEDE & CO., HAS AN INTEREST HEREIN. 

  
 Exh A-2-3-2 

 THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING
PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT BY INQUIRY OF THE TRUSTEE. 

FORM OF UNRESTRICTED GLOBAL SERIES 2021-1 CLASS A-2-I NOTE 
  

			
	No. U-[    ]	  	up to $[        ]

 SEE REVERSE FOR CERTAIN CONDITIONS 

CUSIP Number: U2583E AN7 
 ISIN
Number: USU2583EAN77 
 Common Code: 233413526 

DOMINO’S PIZZA MASTER ISSUER LLC, 

DOMINO’S SPV CANADIAN HOLDING COMPANY INC., 

DOMINO’S PIZZA DISTRIBUTION LLC and 

DOMINO’S IP HOLDER LLC 

SERIES 2021-1 2.662% FIXED RATE SENIOR SECURED NOTES, CLASS A-2-I 
 DOMINO’S PIZZA MASTER ISSUER LLC, a limited liability company formed under the laws
of the State of Delaware, DOMINO’S SPV CANADIAN HOLDING COMPANY INC., a corporation incorporated under the laws of the State of Delaware, DOMINO’S PIZZA DISTRIBUTION LLC, a limited liability company formed under the laws of the State of
Delaware, and DOMINO’S IP HOLDER LLC, a limited liability company formed under the laws of the State of Delaware (herein referred to, collectively, as the “Co-Issuers”), for value
received, hereby promise to pay to CEDE & CO. or registered assigns, up to the principal sum of [                    ] DOLLARS
($[        ]) as provided below and in the Indenture referred to herein. Payments of principal shall be payable in the amounts and at the times set forth in the Indenture described herein; provided,
however, that the entire unpaid principal amount of this Note shall be due on April 25, 2051 (the “Series 2021-1 Legal Final Maturity Date”). The
Co-Issuers will pay interest on this Unrestricted Global Series 2021-1 Class A-2-I
Note (this “Note”) at the applicable Series 2021-1 Note Rate for each Interest Period in accordance with the terms of the Indenture. Such interest will be payable in arrears on each Quarterly
Payment Date, which will be on the 25th day (or, if such 25th day is not a Business Day, the next succeeding Business Day) of each January, April, July and October, commencing July 26, 2021 (each, a “Quarterly Payment Date”).
Such interest will accrue for each Quarterly Payment Date with respect to (i) initially, the period from and including April 16, 2021 to but excluding the first Quarterly Payment Date and (ii) thereafter, the period from and including
a Quarterly Payment Date to but excluding the following Quarterly Payment Date (each, an “Interest Period”). Interest with respect to the Notes (and interest on any defaulted payments of interest or principal) will be computed on
the basis of a 360-day year consisting of twelve 30-day months. In addition, under the circumstances set forth in the Indenture, the
Co-Issuers shall also pay contingent interest on this Note at the Series 2021-1 Class A-2
Post-ARD Contingent Interest Rate, and such contingent interest shall be computed and shall be payable in the amounts and at the times set forth in the Indenture. 

The principal of and interest on this Note are payable in such coin or currency of the United States of America as at the time of payment is
legal tender for payment of public and private debts. All payments made by the Co-Issuers with respect to this Note shall be applied as provided in the Indenture. 

  
 Exh A-2-3-3 

 This Note is subject to mandatory and optional prepayment as set forth in the Indenture.

 Interests in this Note are exchangeable or transferable in whole or in part for interests in a Restricted Global Note or a Regulation S
Global Note; provided that such transfer or exchange complies with the applicable provisions of the Indenture relating to the transfer of the Notes. Interests in this Note in certain circumstances may also be exchangeable or transferable in
whole but not in part for duly executed and issued registered Definitive Notes; provided that such transfer or exchange complies with Section 4.02(c) of the Series 2021-1 Supplement. 

Reference is made to the further provisions of this Note set forth on the reverse hereof, which shall have the same effect as though fully set
forth on the face of this Note. Although a summary of certain provisions of the Indenture is set forth below and on the reverse hereof and made a part hereof, this Note does not purport to summarize the Indenture and reference is made to the
Indenture for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the Co-Issuers and the Trustee. A copy of
the Indenture may be requested from the Trustee by writing to the Trustee at: Citibank, N.A., 388 Greenwich Street, New York, NY 10013, Attention: Agency & Trust — Domino’s Pizza Master Issuer LLC. To the extent not defined
herein, the capitalized terms used herein have the meanings ascribed to them in the Indenture. 
 Subject to the next following paragraph,
the Co-Issuers hereby certify and declare that all acts, conditions and things required to be done and performed and to have happened prior to the creation of this Note and to constitute it as the valid
obligation of the Co-Issuers enforceable in accordance with its terms, have been done and performed and have happened in due compliance with all applicable laws and in accordance with the terms of the
Indenture. 
 Unless the certificate of authentication hereon has been executed by the Trustee whose name appears below by manual signature,
this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose. 

[Remainder of page intentionally left blank] 

  
 Exh A-2-3-4 

 IN WITNESS WHEREOF, each of the Co-Issuers has
caused this instrument to be signed, manually or in facsimile, by its Authorized Officer. 
 Date:
                     
  

					
	 DOMINO’S PIZZA MASTER ISSUER LLC,

as Co-Issuer

		
	By:	 	
                     
                    

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S SPV CANADIAN HOLDING COMPANY INC.,

as Co-Issuer

		
	By:	 	
                     
                    

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S PIZZA DISTRIBUTION LLC,

as Co-Issuer

		
	By:	 	
                     
                    

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S IP HOLDER LLC,
 as Co-Issuer

		
	By:	 	
                     
                    

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer

  
 Exh A-2-3-5 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Series 2021-1
Class A-2-I Notes issued under the within-mentioned Indenture. 
  

			
	CITIBANK, N.A.,
	as Trustee
		
	By:	 	
                     
                    

		 	Authorized Signatory

  
 Exh A-2-3-6 

 [REVERSE OF NOTE] 

This Note is one of a duly authorized issue of Series 2021-1 Class A-2-I Notes of the Co-Issuers designated as their $850,000,000 Series 2021-1 2.662% Fixed Rate Senior Secured Notes, Class A-2-I (herein called the “Series 2021-1 Class A-2-I Notes”), all issued under (i) the Amended and Restated Base Indenture, dated as of March 15, 2012 (such Amended and Restated Base Indenture, as amended, supplemented or
modified, is herein called the “Base Indenture”), among the Co-Issuers and Citibank, N.A., as trustee (the “Trustee”, which term includes any successor Trustee under the Base
Indenture) and as securities intermediary, and (ii) a Series 2021-1 Supplement to the Base Indenture, dated as of April 16, 2021 (the “Series 2021-1
Supplement”), among the Co-Issuers, the Trustee and Citibank, N.A., as Series 2021-1 Securities Intermediary. The Base Indenture and the Series 2021-1 Supplement are referred to herein as the “Indenture”. The Series 2021-1
Class A-2-I Notes are subject to all terms of the Indenture. All terms used in this Note that are defined in the Indenture, as supplemented, modified or amended,
shall have the meanings assigned to them in or pursuant to the Indenture, as so supplemented, modified or amended. 
 The Series 2021-1 Class A-2-I Notes are and will be secured by the Collateral pledged as security therefor as provided in the Indenture. 

The Notes will be issued in minimum denominations of $50,000 and integral multiples of $1,000 in excess thereof. 

As provided for in the Indenture, the Series 2021-1 Class A-2-I Notes may be prepaid, in whole or in part, at the option of the Co-Issuers. In addition, the Series 2021-1 Class A-2-I Notes are subject to mandatory prepayment as provided for in the Indenture. In certain circumstances, the Co-Issuers
will be obligated to pay the Series 2021-1 Class A-2 Make-Whole Prepayment Premium in connection with a mandatory or optional prepayment of the Series 2021-1 Class A-2-I Notes as described in the Indenture. As described above, the entire unpaid principal amount of this Note shall
be due and payable on the Series 2021-1 Legal Final Maturity Date. All payments of principal of the Series 2021-1 Class A-2-I Notes will be made pro rata to the Series 2021-1
Class A-2-I Noteholders entitled thereto. 
 Principal
of and interest on this Note which is payable on a Quarterly Payment Date or on any date on which payments are permitted to be made as provided for in the Indenture shall be paid to the Person in whose name this Note (or one or more predecessor
Notes) is registered at the close of business on the applicable Record Date or Prepayment Record Date, as the case may be. 
 Interest and
contingent interest, if any, will each accrue on the Series 2021-1 Class A-2-I Notes at the rates set forth in the
Indenture. The interest and contingent interest, if any, will be computed on the basis set forth in the Indenture. The amount of interest payable on the Series 2021-1 Class A-2-I Notes on each Quarterly Payment Date will be calculated as set forth in the Indenture. 

Payments of principal and interest on this Note are subordinated to the payment of certain other amounts in accordance with the Priority of
Payments. 
 If an Event of Default shall occur and be continuing, this Note may become or be declared due and payable in the manner and
with the effect provided in the Indenture. 
 Amounts payable in respect of this Note shall be made by wire transfer of immediately
available funds to the account designated by DTC or its nominee. 
 As provided in the Indenture and subject to certain limitations set
forth therein, the transfer of this Note may be registered on the Note Register upon surrender of this Note for registration of transfer at the office or agency designated by the Co-Issuers pursuant to the
Indenture, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Trustee duly executed by, the 

  
 Exh A-2-3-7 

 
Series 2021-1 Class A-2-I Noteholder hereof or his attorney duly
authorized in writing, with such signature guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program
(“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended, and
accompanied by such other documents as the Trustee and the Registrar may require and as may be required by the Series 2021-1 Supplement, and thereupon one or more new Series
2021-1 Class A-2-I Notes of authorized denominations in the same aggregate principal amount will be issued to the designated
transferee or transferees. No service charge will be charged for any registration of transfer or exchange of this Note, but the transferor may be required to pay a sum sufficient to cover any tax or other governmental charge that may be imposed in
connection with any such registration of transfer or exchange. 
 Each Series 2021-1 Class A-2-I Noteholder, by acceptance of a Series 2021-1
Class A-2-I Note, covenants and agrees that by accepting the benefits of the Indenture that prior to the date that is one year and one day after the payment in full
of the latest maturing note issued under the Indenture, such Series 2021-1 Class A-2-I Noteholder will not institute
against, or join with any other Person in instituting against, any Securitization Entity any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law;
provided, however, that nothing herein shall constitute a waiver of any right to indemnification, reimbursement or other payment from the Securitization Entities pursuant to the Indenture or any other Related Document. 

It is the intent of the Co-Issuers and each Series 2021-1 Class A-2-I Noteholder that, for federal, state and local income and franchise tax purposes only, the Series 2021-1 Class A-2-I Notes will evidence indebtedness of the Co-Issuers secured by the Collateral. Each Series 2021-1 Class A-2-I Noteholder, by the acceptance of this Note, agrees to treat this Note (or beneficial interests herein) for
purposes of federal, state and local income or franchise taxes and any other tax imposed on or measured by income, as indebtedness of the Co-Issuers or, if any Co-Issuer
is treated as a division of another entity, such other entity. 
 The Indenture permits certain amendments to be made thereto without the
consent of the Control Party, the Controlling Class Representative or any Series 2021-1 Class A-2-I Noteholders,
provided that certain conditions precedent are satisfied. The Indenture also permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the
Co-Issuers and the rights of the Series 2021-1 Class A-2-I Noteholders under the
Indenture at any time by the Co-Issuers with the consent of the Control Party (acting at the direction of the Controlling Class Representative) and without the consent of any Series 2021-1 Class A-2-I Noteholders. The Indenture also contains provisions permitting the Control Party (acting at the direction of
the Controlling Class Representative) to waive compliance by the Co-Issuers with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences without the
consent of any Series 2021-1 Class A-2-I Noteholders. Any such consent or waiver of this Note (or any one or more
predecessor Notes) shall be conclusive and binding upon such Series 2021-1 Class A-2-I Noteholder and upon all future Series
2021-1 Class A-2-I Noteholders of this Note and of any Note issued upon the registration of transfer hereof or in exchange
hereof or in lieu hereof whether or not notation of such consent or waiver is made upon this Note. 
 Each purchaser or transferee of this
Note (or any interest herein) shall be deemed to represent and warrant that either (i) it is not acquiring or holding this Note (or any interest herein) for or on behalf of, or with the assets of, any plan, account or other arrangement that is
subject to Title I of ERISA, Section 4975 of the Code, entities whose underlying assets are considered to include “plan assets” of such plans, accounts and arrangements under DOL regulations, as modified by Section 3(42) of ERISA
(collectively, “ERISA Plans”) or with the assets or any plan, account or other arrangement that is 

  
 Exh A-2-3-8 

 
subject to the provisions under any Similar Law, or (ii) its purchase and holding of this Note (or any interest herein) does not constitute and will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any applicable Similar Law. 

The term “Co-Issuer” as used in this Note includes any successor to the Co-Issuers and any Additional Co-Issuers under the Indenture. 

The Series 2021-1
Class A-2-I Notes are issuable only in registered form in denominations as provided in the Indenture, subject to certain limitations set forth therein. 

This Note and the Indenture shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Co-Issuers, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and in the coin or currency herein prescribed. 

  
 Exh A-2-3-9 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee:
                                         
                                         
                                       

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto
                                         
                                         
                     
  

                          
                                         
                                         
                                         
                                         
                                         
       
 (name and address of assignee) 

the within Note and all rights thereunder, and hereby irrevocably constitutes and appoints
                                         
                                         
           

                        ,
attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 
 Dated:
                     
  

			
	By:	 	                                      
                                         
   1 
		 	Signature Guaranteed:
		
		 	                                      
                                         
   

  
  

	1 	 NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on
the face of the within Note, without alteration, enlargement or any change whatsoever. 

  
 Exh A-2-3-10 

 SCHEDULE OF EXCHANGES IN UNRESTRICTED GLOBAL SERIES
2021-1 
 CLASS A-2-I
NOTE 
 The initial principal balance of this Unrestricted Global Series 2021-1 Class A-2-I Note is $[        ]. The following exchanges of an interest in this Unrestricted Global Series 2021-1 Class A-2-I Note for an interest in a corresponding Restricted Global Series 2021-1 Class A-2-I Note or a Regulation S Global Series 2021-1 Class A-2-I Note have
been made: 
  

													
	
              
  Date                
	  	    Amount of Increase (or    
Decrease) in the
Principal Amount
of
this Unrestricted Global
Note	 	  	    Remaining Principal    
Amount of this
Unrestricted Global
Note following
the
Increase or Decrease	 	  	    Signature of Authorized    
Officer of Trustee or
Registrar	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  			
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

  
 Exh A-2-3-11 

 EXHIBIT A-2-4

 THE ISSUANCE AND SALE OF THIS RESTRICTED GLOBAL SERIES 2021-1 CLASS A-2-II NOTE (THIS “NOTE”) HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE OF DOMINO’S PIZZA MASTER ISSUER LLC, DOMINO’S PIZZA DISTRIBUTION LLC, DOMINO’S IP HOLDER LLC AND DOMINO’S SPV
CANADIAN HOLDING COMPANY INC. (THE “CO-ISSUERS”) HAS BEEN REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”). THIS NOTE OR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO DOMINO’S PIZZA MASTER ISSUER LLC OR AN AFFILIATE THEREOF, (B) IN THE UNITED STATES, TO EITHER AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE THAT IS
NOT A COMPETITOR AND IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR
SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION OR (C) OUTSIDE THE UNITED STATES, TO AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS NEITHER A COMPETITOR NOR A “U.S. PERSON” AS DEFINED IN REGULATION S UNDER THE
SECURITIES ACT (“REGULATION S”) ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, AND NONE OF WHICH ARE A U.S. PERSON, IN OFFSHORE
TRANSACTIONS IN RELIANCE ON REGULATION S, AND, IN EACH CASE, IN COMPLIANCE WITH THE CERTIFICATIONS AND OTHER REQUIREMENTS SPECIFIED IN THE INDENTURE REFERRED TO HEREIN AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ANY
OTHER RELEVANT JURISDICTION. 
 BY ITS ACQUISITION OR ACCEPTANCE HEREOF, THE HOLDER (IF NOT THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER
ISSUER) REPRESENTS THAT (A) IT IS NOT A COMPETITOR AND IS EITHER (X) A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT
DISCRETION EACH OF WHICH IS A QUALIFIED INSTITUTIONAL BUYER OR (Y) NOT A “U.S. PERSON” AS DEFINED IN REGULATION S, ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT DISCRETION EACH
OF WHICH IS NOT A “U.S. PERSON,” IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S, (B) IT AND EACH ACCOUNT FOR WHICH IT IS PURCHASING WILL HOLD AND TRANSFER AT LEAST THE MINIMUM DENOMINATION OF NOTES, (C) IT UNDERSTANDS
THAT THE CO-ISSUERS MAY RECEIVE A LIST OF PARTICIPANTS HOLDING POSITIONS IN THEIR NOTES FROM ONE OR MORE BOOK-ENTRY DEPOSITORIES AND (D) IT WILL PROVIDE NOTICE OF THE TRANSFER RESTRICTIONS TO ANY
SUBSEQUENT TRANSFEREES. 
 EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE (IF NOT THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER
ISSUER) TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE WILL BE DEEMED TO HAVE MADE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS
NOTE OR AN INTEREST IN THIS NOTE IN THE FORM OF AN INTEREST IN A REGULATION S GLOBAL NOTE OR AN UNRESTRICTED GLOBAL NOTE WILL BE REQUIRED TO DELIVER A TRANSFER CERTIFICATE IN THE FORM REQUIRED BY THE INDENTURE AND WILL BE REQUIRED TO MAKE THE
APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. 

  
 Exh A-2-4-1 

 ANY TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING SHALL BE OF NO FORCE AND EFFECT AND
WILL BE VOID AB INITIO AND SHALL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE CONTRARY TO THE CO-ISSUERS, THE
TRUSTEE OR ANY INTERMEDIARY. 
 IF THIS NOTE WAS ACQUIRED IN THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (I) A COMPETITOR OR
(II) NOT TO HAVE BEEN A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF ACQUISITION OF THIS NOTE, THE CO-ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER THAT IS (I) NOT A
COMPETITOR AND (II) A QUALIFIED INSTITUTIONAL BUYER. THE CO-ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A TRANSFEREE TAKING DELIVERY IN THE FORM OF AN INTEREST IN A RULE 144A GLOBAL NOTE
THAT IS DETERMINED TO HAVE BEEN A COMPETITOR OR NOT TO HAVE BEEN A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF THE TRANSFER. 
 IF THIS
NOTE WAS ACQUIRED OUTSIDE THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (I) A COMPETITOR OR (II) A “U.S. PERSON” THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF ACQUISITION OF THIS NOTE, THE CO-ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER THAT IS (I) NOT A COMPETITOR AND (II) EITHER IS A QUALIFIED INSTITUTIONAL BUYER OR NOT A “U.S. PERSON” IN AN
OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S. THE CO-ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A TRANSFEREE TAKING DELIVERY IN THE FORM OF AN INTEREST IN A REGULATION S GLOBAL NOTE
THAT IS DETERMINED TO HAVE BEEN A COMPETITOR OR A “U.S. PERSON.” 
 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, 55 WATER STREET, NEW YORK, NEW YORK 10004, OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR
A SECURITY REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE 
 REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN DTC OR A
NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE CO-ISSUERS OR THE REGISTRAR, AND ANY NOTE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL BECAUSE THE REGISTERED OWNER, CEDE & CO., HAS AN INTEREST HEREIN. 

  
 Exh A-2-4-2 

 THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING
PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT BY INQUIRY OF THE TRUSTEE. 

FORM OF RESTRICTED GLOBAL SERIES 2021-1 CLASS A-2-II NOTE 
  

			
	No. R-[    ]	  	up to $[        ]

 SEE REVERSE FOR CERTAIN CONDITIONS 

CUSIP Number: 25755T AP5 
 ISIN
Number: US25755TAP57 
 Common Code: 233413542 

DOMINO’S PIZZA MASTER ISSUER LLC, 

DOMINO’S SPV CANADIAN HOLDING COMPANY INC., 

DOMINO’S PIZZA DISTRIBUTION LLC and 

DOMINO’S IP HOLDER LLC 

SERIES 2021-1 3.151% FIXED RATE SENIOR SECURED NOTES, CLASS A-2-II 
 DOMINO’S PIZZA MASTER ISSUER LLC, a limited liability company formed under the laws
of the State of Delaware, DOMINO’S SPV CANADIAN HOLDING COMPANY INC., a corporation incorporated under the laws of the State of Delaware, DOMINO’S PIZZA DISTRIBUTION LLC, a limited liability company formed under the laws of the State of
Delaware, and DOMINO’S IP HOLDER LLC, a limited liability company formed under the laws of the State of Delaware (herein referred to, collectively, as the “Co-Issuers”), for value
received, hereby promise to pay to CEDE & CO. or registered assigns, up to the principal sum of [                    ] DOLLARS
($[        ]) as provided below and in the Indenture referred to herein. Payments of principal shall be payable in the amounts and at the times set forth in the Indenture described herein; provided,
however, that the entire unpaid principal amount of this Note shall be due on April 25, 2051 (the “Series 2021-1 Legal Final Maturity Date”). The
Co-Issuers will pay interest on this Restricted Global Series 2021-1 Class A-2-II
Note (this “Note”) at the applicable Series 2021-1 Note Rate for each Interest Period in accordance with the terms of the Indenture. Such interest will be payable in arrears on each Quarterly
Payment Date, which will be on the 25th day (or, if such 25th day is not a Business Day, the next succeeding Business Day) of each January, April, July and October, commencing July 26, 2021 (each, a “Quarterly Payment Date”).
Such interest will accrue for each Quarterly Payment Date with respect to (i) initially, the period from and including April 16, 2021 to but excluding the first Quarterly Payment Date and (ii) thereafter, the period from and including
a Quarterly Payment Date to but excluding the following Quarterly Payment Date (each, an “Interest Period”). Interest with respect to the Notes (and interest on any defaulted payments of interest or principal) will be computed on
the basis of a 360-day year consisting of twelve 30-day months. In addition, under the circumstances set forth in the Indenture, the
Co-Issuers shall also pay contingent interest on this Note at the Series 2021-1 Class A-2
Post-ARD Contingent Interest Rate, and such contingent interest shall be computed and shall be payable in the amounts and at the times set forth in the Indenture. 

The principal of and interest on this Note are payable in such coin or currency of the United States of America as at the time of payment is
legal tender for payment of public and private debts. All payments made by the Co-Issuers with respect to this Note shall be applied as provided in the Indenture. 

  
 Exh A-2-4-3 

 This Note is subject to mandatory and optional prepayment as set forth in the Indenture.

 Interests in this Note are exchangeable or transferable in whole or in part for interests in a Regulation S Global Note or an
Unrestricted Global Note; provided that such transfer or exchange complies with the applicable provisions of the Indenture relating to the transfer of the Notes. Interests in this Note in certain circumstances may also be exchangeable or
transferable in whole but not in part for duly executed and issued registered Definitive Notes; provided that such transfer or exchange complies with Section 4.02(c) of the Series 2021-1
Supplement. 
 Reference is made to the further provisions of this Note set forth on the reverse hereof, which shall have the same effect as
though fully set forth on the face of this Note. Although a summary of certain provisions of the Indenture is set forth below and on the reverse hereof and made a part hereof, this Note does not purport to summarize the Indenture and reference is
made to the Indenture for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the Co-Issuers and the
Trustee. A copy of the Indenture may be requested from the Trustee by writing to the Trustee at: Citibank, N.A., 388 Greenwich Street, New York, NY 10013, Attention: Agency & Trust — Domino’s Pizza Master Issuer LLC. To the extent
not defined herein, the capitalized terms used herein have the meanings ascribed to them in the Indenture. 
 Subject to the next following
paragraph, the Co-Issuers hereby certify and declare that all acts, conditions and things required to be done and performed and to have happened prior to the creation of this Note and to constitute it as the
valid obligation of the Co-Issuers enforceable in accordance with its terms, have been done and performed and have happened in due compliance with all applicable laws and in accordance with the terms of the
Indenture. 
 Unless the certificate of authentication hereon has been executed by the Trustee whose name appears below by manual signature,
this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose. 

[Remainder of page intentionally left blank] 

  
 Exh A-2-4-4 

 IN WITNESS WHEREOF, each of the Co-Issuers has
caused this instrument to be signed, manually or in facsimile, by its Authorized Officer. 
 Date:
                     
  

					
	 DOMINO’S PIZZA MASTER ISSUER LLC,

as Co-Issuer

		
	By:	 	
                    

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S SPV CANADIAN HOLDING COMPANY INC.,

as Co-Issuer

		
	By:	 	
                     

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S PIZZA DISTRIBUTION LLC,

as Co-Issuer

		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S IP HOLDER LLC,
 as Co-Issuer

		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer

  
 Exh A-2-4-5 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Series 2021-1
Class A-2-II Notes issued under the within-mentioned Indenture. 
  

			
	 CITIBANK, N.A.,
 as
Trustee

		
	By:	 	
                    

		 	Authorized Signatory

  
 Exh A-2-4-6 

 [REVERSE OF NOTE] 

This Note is one of a duly authorized issue of Series 2021-1 Class A-2-II Notes of the Co-Issuers designated as their $1,000,000,000 Series 2021-1 3.151% Fixed Rate Senior Secured
Notes, Class A-2-II (herein called the “Series 2021-1 Class A-2-II Notes”), all issued under (i) the Amended and Restated Base Indenture, dated as of March 15, 2012 (such Amended and Restated Base Indenture, as amended, supplemented or
modified, is herein called the “Base Indenture”), among the Co-Issuers and Citibank, N.A., as trustee (the “Trustee”, which term includes any successor Trustee under the Base
Indenture) and as securities intermediary, and (ii) a Series 2021-1 Supplement to the Base Indenture, dated as of April 16, 2021 (the “Series 2021-1
Supplement”), among the Co-Issuers, the Trustee and Citibank, N.A., as Series 2021-1 Securities Intermediary. The Base Indenture and the Series 2021-1 Supplement are referred to herein as the “Indenture”. The Series 2021-1
Class A-2-II Notes are subject to all terms of the Indenture. All terms used in this Note that are defined in the Indenture, as supplemented, modified or amended,
shall have the meanings assigned to them in or pursuant to the Indenture, as so supplemented, modified or amended. 
 The Series 2021-1 Class A-2-II Notes are and will be secured by the Collateral pledged as security therefor as provided in the Indenture.

 The Notes will be issued in minimum denominations of $50,000 and integral multiples of $1,000 in excess thereof. 

As provided for in the Indenture, the Series 2021-1 Class A-2-II Notes may be prepaid, in whole or in part, at the option of the Co-Issuers. In addition, the Series 2021-1 Class A-2-II Notes are subject to mandatory prepayment as provided for in the Indenture. In certain circumstances, the Co-Issuers
will be obligated to pay the Series 2021-1 Class A-2 Make-Whole Prepayment Premium in connection with a mandatory or optional prepayment of the Series 2021-1 Class A-2-II Notes as described in the Indenture. As described above, the entire unpaid principal amount of this Note shall
be due and payable on the Series 2021-1 Legal Final Maturity Date. All payments of principal of the Series 2021-1 Class A-2-II Notes will be made pro rata to the Series 2021-1
Class A-2-II Noteholders entitled thereto. 
 Principal
of and interest on this Note which is payable on a Quarterly Payment Date or on any date on which payments are permitted to be made as provided for in the Indenture shall be paid to the Person in whose name this Note (or one or more predecessor
Notes) is registered at the close of business on the applicable Record Date or Prepayment Record Date, as the case may be. 
 Interest and
contingent interest, if any, will each accrue on the Series 2021-1 Class A-2-II Notes at the rates set forth in the
Indenture. The interest and contingent interest, if any, will be computed on the basis set forth in the Indenture. The amount of interest payable on the Series 2021-1 Class A-2-II Notes on each Quarterly Payment Date will be calculated as set forth in the Indenture. 

Payments of principal and interest on this Note are subordinated to the payment of certain other amounts in accordance with the Priority of
Payments. 
 If an Event of Default shall occur and be continuing, this Note may become or be declared due and payable in the manner and
with the effect provided in the Indenture. 
 Amounts payable in respect of this Note shall be made by wire transfer of immediately
available funds to the account designated by DTC or its nominee. 
 As provided in the Indenture and subject to certain limitations set
forth therein, the transfer of this Note may be registered on the Note Register upon surrender of this Note for registration of transfer at the office or agency designated by the Co-Issuers pursuant to the
Indenture, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Trustee duly executed by, 

  
 Exh A-2-4-7 

 
the Series 2021-1 Class A-2-II Noteholder hereof or his attorney duly
authorized in writing, with such signature guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program
(“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended, and
accompanied by such other documents as the Trustee and the Registrar may require and as may be required by the Series 2021-1 Supplement, and thereupon one or more new Series
2021-1 Class A-2-II Notes of authorized denominations in the same aggregate principal amount will be issued to the
designated transferee or transferees. No service charge will be charged for any registration of transfer or exchange of this Note, but the transferor may be required to pay a sum sufficient to cover any tax or other governmental charge that may be
imposed in connection with any such registration of transfer or exchange. 
 Each Series 2021-1 Class A-2-II Noteholder, by acceptance of a Series 2021-1
Class A-2-II Note, covenants and agrees that by accepting the benefits of the Indenture that prior to the date that is one year and one day after the payment in
full of the latest maturing note issued under the Indenture, such Series 2021-1 Class A-2-II Noteholder will not institute
against, or join with any other Person in instituting against, any Securitization Entity any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law;
provided, however, that nothing herein shall constitute a waiver of any right to indemnification, reimbursement or other payment from the Securitization Entities pursuant to the Indenture or any other Related Document. 

It is the intent of the Co-Issuers and each Series 2021-1 Class A-2-II Noteholder that, for federal, state and local income and franchise tax purposes only, the Series 2021-1 Class A-2-II Notes will evidence indebtedness of the Co-Issuers secured by the Collateral. Each Series 2021-1 Class A-2-II Noteholder, by the acceptance of this Note, agrees to treat this Note (or beneficial interests herein) for
purposes of federal, state and local income or franchise taxes and any other tax imposed on or measured by income, as indebtedness of the Co-Issuers or, if any Co-Issuer
is treated as a division of another entity, such other entity. 
 The Indenture permits certain amendments to be made thereto without the
consent of the Control Party, the Controlling Class Representative or any Series 2021-1 Class A-2-II Noteholders,
provided that certain conditions precedent are satisfied. The Indenture also permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the
Co-Issuers and the rights of the Series 2021-1 Class A-2-II Noteholders under the
Indenture at any time by the Co-Issuers with the consent of the Control Party (acting at the direction of the Controlling Class Representative) and without the consent of any Series 2021-1 Class A-2-II Noteholders. The Indenture also contains provisions permitting the Control Party (acting at the direction of
the Controlling Class Representative) to waive compliance by the Co-Issuers with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences without the
consent of any Series 2021-1 Class A-2-II Noteholders. Any such consent or waiver of this Note (or any one or more
predecessor Notes) shall be conclusive and binding upon such Series 2021-1 Class A-2-II Noteholder and upon all future
Series 2021-1 Class A-2-II Noteholders of this Note and of any Note issued upon the registration of transfer hereof or in
exchange hereof or in lieu hereof whether or not notation of such consent or waiver is made upon this Note. 
 Each purchaser or transferee
of this Note (or any interest herein) shall be deemed to represent and warrant that either (i) it is not acquiring or holding this Note (or any interest herein) for or on behalf of, or with the assets of, any plan, account or other arrangement
that is subject to Title I of ERISA, Section 4975 of the Code, entities whose underlying assets are considered to include “plan assets” of such plans, accounts and arrangements under DOL regulations, as modified by Section 3(42)
of 

  
 Exh A-2-4-8 

 
ERISA (collectively, “ERISA Plans”) or with the assets or any plan, account or other arrangement that is subject to the provisions under any Similar Law, or (ii) its
purchase and holding of this Note (or any interest herein) does not constitute and will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a
violation of any applicable Similar Law. 
 The term “Co-Issuer” as used in this
Note includes any successor to the Co-Issuers and any Additional Co-Issuers under the Indenture. 

The Series 2021-1
Class A-2-II Notes are issuable only in registered form in denominations as provided in the Indenture, subject to certain limitations set forth therein. 

This Note and the Indenture shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Co-Issuers, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and in the coin or currency herein prescribed. 

  
 Exh A-2-4-9 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other
identifying number of assignee:                                 
                                         
                                         
           
 FOR VALUE RECEIVED, the undersigned
hereby sells, assigns and transfers unto
                                         
                                         
                          
                                        
                                         
                                         
                                         
                                         
                                        

(name and address of assignee) 
 the within Note
and all rights thereunder, and hereby irrevocably constitutes and appoints                     , attorney, to transfer said Note on the books
kept for registration thereof, with full power of substitution in the premises. 
 Dated:
                     
  

					
	By:	 	  
	 	1 
		 	Signature Guaranteed:	 	
		
		 	  

  
  

	1 	 NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on
the face of the within Note, without alteration, enlargement or any change whatsoever. 

  
 Exh A-2-4-10 

 SCHEDULE OF EXCHANGES IN RESTRICTED GLOBAL SERIES
2021-1 
 CLASS A-2-II
NOTE 
 The initial principal balance of this Restricted Global Series 2021-1 Class A-2-II Note is $[        ]. The following exchanges of an interest in this Restricted Global Series 2021-1 Class A-2-II Note for an interest in a corresponding Regulation S Global Series
2021-1 Class A-2-II Note or an Unrestricted Global Series 2021-1 Class A-2-II Note have been made: 
  

							
	Date	  	Amount of Increase (or
Decrease) in the
Principal Amount of
this Restricted
Global
        Note        	  	Remaining Principal
Amount of this
Restricted Global Note
following the Increase
        or
Decrease        	  	Signature of Authorized
Officer of Trustee
or
        Registrar        
	                                      
  	  		  		  	
		  	  
	  	  
	  	  

	                                      
  	  		  		  	
		  	  
	  	  
	  	  

	                                      
  	  		  		  	
		  	  
	  	  
	  	  

	                                      
  	  		  		  	
		  	  
	  	  
	  	  

	                                      
  	  		  		  	
		  	  
	  	  
	  	  

	                                      
  	  		  		  	
		  	  
	  	  
	  	  

	                                      
  	  		  		  	
		  	  
	  	  
	  	  

	                                      
  	  		  		  	
		  	  
	  	  
	  	  

	                                      
  	  		  		  	
		  	  
	  	  
	  	  

	                                      
  	  		  		  	
		  	  
	  	  
	  	  

	                                      
  	  		  		  	
		  	  
	  	  
	  	  

	                                      
  	  		  		  	
		  	  
	  	  
	  	  

	                                      
  	  		  		  	
		  	  
	  	  
	  	  

  
 Exh A-2-4-11 

 EXHIBIT A-2-5

 THE ISSUANCE AND SALE OF THIS REGULATION S GLOBAL SERIES 2021-1 CLASS A-2-II NOTE (THIS “NOTE”) HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE OF DOMINO’S PIZZA MASTER ISSUER LLC, DOMINO’S PIZZA DISTRIBUTION LLC, DOMINO’S IP HOLDER LLC AND DOMINO’S SPV
CANADIAN HOLDING COMPANY INC. (THE “CO-ISSUERS”) HAS BEEN REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”). THIS NOTE OR
ANY INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO DOMINO’S PIZZA MASTER ISSUER LLC OR AN AFFILIATE THEREOF, (B) IN THE UNITED STATES, TO EITHER AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE THAT
IS NOT A COMPETITOR AND IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR
SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION OR (C) OUTSIDE THE UNITED STATES, TO AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS NEITHER A COMPETITOR NOR A “U.S. PERSON” AS DEFINED IN REGULATION S UNDER THE
SECURITIES ACT (“REGULATION S”) ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, AND NONE OF WHICH ARE A U.S. PERSON, IN OFFSHORE
TRANSACTIONS IN RELIANCE ON REGULATION S, AND, IN EACH CASE, IN COMPLIANCE WITH THE CERTIFICATIONS AND OTHER REQUIREMENTS SPECIFIED IN THE INDENTURE REFERRED TO HEREIN AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ANY
OTHER RELEVANT JURISDICTION. 
 BY ITS ACQUISITION OR ACCEPTANCE HEREOF, THE HOLDER (IF NOT THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER
ISSUER) REPRESENTS THAT (A) IT IS NOT A COMPETITOR AND IS EITHER (X) A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT
DISCRETION EACH OF WHICH IS A QUALIFIED INSTITUTIONAL BUYER OR (Y) NOT A “U.S. PERSON” AS DEFINED IN REGULATION S, ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT DISCRETION EACH
OF WHICH IS NOT A “U.S. PERSON,” IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S, (B) IT AND EACH ACCOUNT FOR WHICH IT IS PURCHASING WILL HOLD AND TRANSFER AT LEAST THE MINIMUM DENOMINATION OF NOTES, (C) IT UNDERSTANDS
THAT THE CO-ISSUERS MAY RECEIVE A LIST OF PARTICIPANTS HOLDING POSITIONS IN THEIR NOTES FROM ONE OR MORE BOOK-ENTRY DEPOSITORIES AND (D) IT WILL PROVIDE NOTICE OF THE TRANSFER RESTRICTIONS TO ANY
SUBSEQUENT TRANSFEREES. 
 EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE (IF NOT THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER
ISSUER) TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE WILL BE DEEMED TO HAVE MADE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS
NOTE OR AN INTEREST IN THIS NOTE IN THE FORM OF AN INTEREST IN A REGULATION S GLOBAL NOTE OR AN UNRESTRICTED GLOBAL NOTE WILL BE REQUIRED TO DELIVER A TRANSFER CERTIFICATE IN THE FORM REQUIRED BY THE INDENTURE AND WILL BE REQUIRED TO MAKE THE
APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. 

  
 Exh A-2-5 

 ANY TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING SHALL BE OF NO FORCE AND EFFECT AND
WILL BE VOID AB INITIO AND SHALL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE CONTRARY TO THE CO-ISSUERS, THE
TRUSTEE OR ANY INTERMEDIARY. 
 IF THIS NOTE WAS ACQUIRED IN THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (I) A COMPETITOR OR
(II) NOT TO HAVE BEEN A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF ACQUISITION OF THIS NOTE, THE CO-ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER THAT IS (I) NOT A
COMPETITOR AND (II) A QUALIFIED INSTITUTIONAL BUYER. THE CO-ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A TRANSFEREE TAKING DELIVERY IN THE FORM OF AN INTEREST IN A RULE 144A GLOBAL NOTE
THAT IS DETERMINED TO HAVE BEEN A COMPETITOR OR NOT TO HAVE BEEN A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF THE TRANSFER. 
 IF THIS
NOTE WAS ACQUIRED OUTSIDE THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (I) A COMPETITOR OR (II) A “U.S. PERSON” THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF ACQUISITION OF THIS NOTE, THE CO-ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER THAT IS (I) NOT A COMPETITOR AND (II) EITHER IS A QUALIFIED INSTITUTIONAL BUYER OR NOT A “U.S. PERSON” IN AN
OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S. THE CO-ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A TRANSFEREE TAKING DELIVERY IN THE FORM OF AN INTEREST IN A REGULATION S GLOBAL NOTE
THAT IS DETERMINED TO HAVE BEEN A COMPETITOR OR A “U.S. PERSON.” 
 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, 55 WATER STREET, NEW YORK, NEW YORK 10004, OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR
A SECURITY REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN DTC OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. UNLESS THIS NOTE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE CO-ISSUERS OR THE REGISTRAR, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC, AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
BECAUSE THE REGISTERED OWNER, CEDE & CO., HAS AN INTEREST HEREIN. 
 UNTIL 40 DAYS AFTER THE ORIGINAL ISSUE DATE OF THE NOTES (THE
“RESTRICTED PERIOD”) IN CONNECTION WITH THE OFFERING OF THE NOTES IN THE UNITED STATES FROM OUTSIDE OF THE UNITED STATES, THE SALE, PLEDGE OR TRANSFER OF THIS NOTE IS SUBJECT TO CERTAIN CONDITIONS AND RESTRICTIONS. THE HOLDER HEREOF, BY
PURCHASING OR OTHERWISE ACQUIRING THIS NOTE, ACKNOWLEDGES THAT SUCH HOLDER IS NOT A “U.S. PERSON” AS DEFINED IN 

  
 Exh A-2-5-2 

 
REGULATION S, THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER ISSUER, AND THAT THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT AND AGREES FOR THE BENEFIT OF THE CO-ISSUERS THAT THIS NOTE MAY BE TRANSFERRED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY TO A PERSON THAT IS NOT A “U.S. PERSON” AS DEFINED IN REGULATION S, THE MASTER ISSUER OR AN AFFILIATE OF THE
MASTER ISSUER AND IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS OF THE STATES, TERRITORIES AND POSSESSIONS OF THE UNITED STATES GOVERNING THE OFFER AND SALE OF SECURITIES, AND PRIOR TO THE EXPIRATION OF THE RESTRICTED PERIOD, ONLY
(I) IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT OR (II) PURSUANT TO AND IN ACCORDANCE WITH RULE 144A UNDER THE SECURITIES ACT. 

  
 Exh A-2-5-3 

 THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING
PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT BY INQUIRY OF THE TRUSTEE. 

FORM OF REGULATION S GLOBAL SERIES 2021-1 CLASS A-2-II NOTE 
  

			
	No. S-[    ]	  	up to $[        ]

 SEE REVERSE FOR CERTAIN CONDITIONS 

CUSIP Number: U2583E AP2 
 ISIN
Number: USU2583EAP26 
 Common Code: 233413577 

DOMINO’S PIZZA MASTER ISSUER LLC, 

DOMINO’S SPV CANADIAN HOLDING COMPANY INC., 

DOMINO’S PIZZA DISTRIBUTION LLC and 

DOMINO’S IP HOLDER LLC 

SERIES 2021-1 3.151% FIXED RATE SENIOR SECURED NOTES, CLASS A-2-II 
 DOMINO’S PIZZA MASTER ISSUER LLC, a limited liability company formed under the laws
of the State of Delaware, DOMINO’S SPV CANADIAN HOLDING COMPANY INC., a corporation incorporated under the laws of the State of Delaware, DOMINO’S PIZZA DISTRIBUTION LLC, a limited liability company formed under the laws of the State of
Delaware, and DOMINO’S IP HOLDER LLC, a limited liability company formed under the laws of the State of Delaware (herein referred to, collectively, as the “Co-Issuers”), for value
received, hereby promise to pay to CEDE & CO. or registered assigns, up to the principal sum of [                    ] DOLLARS
($[        ]) as provided below and in the Indenture referred to herein. Payments of principal shall be payable in the amounts and at the times set forth in the Indenture described herein; provided,
however, that the entire unpaid principal amount of this Note shall be due on April 25, 2051 (the “Series 2021-1 Legal Final Maturity Date”). The
Co-Issuers will pay interest on this Regulation S Global Series 2021-1 Class A-2-II
Note (this “Note”) at the applicable Series 2021-1 Note Rate for each Interest Period in accordance with the terms of the Indenture. Such interest will be payable in arrears on each Quarterly
Payment Date, which will be on the 25th day (or, if such 25th day is not a Business Day, the next succeeding Business Day) of each January, April, July and October, commencing July 26, 2021 (each, a “Quarterly Payment Date”).
Such interest will accrue for each Quarterly Payment Date with respect to (i) initially, the period from and including April 16, 2021 to but excluding the first Quarterly Payment Date and (ii) thereafter, the period from and including
a Quarterly Payment Date to but excluding the following Quarterly Payment Date (each, an “Interest Period”). Interest with respect to the Notes (and interest on any defaulted payments of interest or principal) will be computed on
the basis of a 360-day year consisting of twelve 30-day months. In addition, under the circumstances set forth in the Indenture, the
Co-Issuers shall also pay contingent interest on this Note at the Series 2021-1 Class A-2
Post-ARD Contingent Interest Rate, and such contingent interest shall be computed and shall be payable in the amounts and at the times set forth in the Indenture. 

The principal of and interest on this Note are payable in such coin or currency of the United States of America as at the time of payment is
legal tender for payment of public and private debts. All payments made by the Co-Issuers with respect to this Note shall be applied as provided in the Indenture. 

  
 Exh A-2-5-4 

 This Note is subject to mandatory and optional prepayment as set forth in the Indenture.

 Interests in this Note are exchangeable or transferable in whole or in part for interests in a Restricted Global Note or an Unrestricted
Global Note; provided that such transfer or exchange complies with the applicable provisions of the Indenture relating to the transfer of the Notes. Interests in this Note in certain circumstances may also be exchangeable or transferable in
whole but not in part for duly executed and issued registered Definitive Notes; provided that such transfer or exchange complies with Section 4.02(c) of the Series 2021-1 Supplement. 

Reference is made to the further provisions of this Note set forth on the reverse hereof, which shall have the same effect as though fully set
forth on the face of this Note. Although a summary of certain provisions of the Indenture is set forth below and on the reverse hereof and made a part hereof, this Note does not purport to summarize the Indenture and reference is made to the
Indenture for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the Co-Issuers and the Trustee. A copy of
the Indenture may be requested from the Trustee by writing to the Trustee at: Citibank, N.A., 388 Greenwich Street, New York, NY 10013, Attention: Agency & Trust — Domino’s Pizza Master Issuer LLC. To the extent not defined
herein, the capitalized terms used herein have the meanings ascribed to them in the Indenture. 
 Subject to the next following paragraph,
the Co-Issuers hereby certify and declare that all acts, conditions and things required to be done and performed and to have happened prior to the creation of this Note and to constitute it as the valid
obligation of the Co-Issuers enforceable in accordance with its terms, have been done and performed and have happened in due compliance with all applicable laws and in accordance with the terms of the
Indenture. 
 Unless the certificate of authentication hereon has been executed by the Trustee whose name appears below by manual signature,
this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose. 

[Remainder of page intentionally left blank] 

  
 Exh A-2-5-5 

 IN WITNESS WHEREOF, each of the Co-Issuers has
caused this instrument to be signed, manually or in facsimile, by its Authorized Officer. 
 Date:
                     
  

					
	 DOMINO’S PIZZA MASTER ISSUER LLC,

as Co-Issuer

		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S SPV CANADIAN HOLDING COMPANY INC.,

as Co-Issuer

		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S PIZZA DISTRIBUTION LLC,

as Co-Issuer

		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S IP HOLDER LLC,
 as Co-Issuer

		
	By:	 	  

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer

  
 Exh A-2-5-6 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Series 2021-1
Class A-2-II Notes issued under the within-mentioned Indenture. 
  

			
	 CITIBANK, N.A.,

as Trustee

		
	 By:
	 	  

		 	 Authorized Signatory

  
 Exh A-2-5-7 

 [REVERSE OF NOTE] 

This Note is one of a duly authorized issue of Series 2021-1 Class A-2-II Notes of the Co-Issuers designated as their $1,000,000,000 Series 2021-1 3.151% Fixed Rate Senior Secured
Notes, Class A-2-II (herein called the “Series 2021-1 Class A-2-II Notes”), all issued under (i) the Amended and Restated Base Indenture, dated as of March 15, 2012 (such Amended and Restated Base Indenture, as amended, supplemented or
modified, is herein called the “Base Indenture”), among the Co-Issuers and Citibank, N.A., as trustee (the “Trustee”, which term includes any successor Trustee under the Base
Indenture) and as securities intermediary, and (ii) a Series 2021-1 Supplement to the Base Indenture, dated as of April 16, 2021 (the “Series 2021-1
Supplement”), among the Co-Issuers, the Trustee and Citibank, N.A., as Series 2021-1 Securities Intermediary. The Base Indenture and the Series 2021-1 Supplement are referred to herein as the “Indenture”. The Series 2021-1
Class A-2-II Notes are subject to all terms of the Indenture. All terms used in this Note that are defined in the Indenture, as supplemented, modified or amended,
shall have the meanings assigned to them in or pursuant to the Indenture, as so supplemented, modified or amended. 
 The Series 2021-1 Class A-2-II Notes are and will be secured by the Collateral pledged as security therefor as provided in the Indenture.

 The Notes will be issued in minimum denominations of $50,000 and integral multiples of $1,000 in excess thereof. 

As provided for in the Indenture, the Series 2021-1 Class A-2-II Notes may be prepaid, in whole or in part, at the option of the Co-Issuers. In addition, the Series 2021-1 Class A-2-II Notes are subject to mandatory prepayment as provided for in the Indenture. In certain circumstances, the Co-Issuers
will be obligated to pay the Series 2021-1 Class A-2 Make-Whole Prepayment Premium in connection with a mandatory or optional prepayment of the Series 2021-1 Class A-2-II Notes as described in the Indenture. As described above, the entire unpaid principal amount of this Note shall
be due and payable on the Series 2021-1 Legal Final Maturity Date. All payments of principal of the Series 2021-1 Class A-2-II Notes will be made pro rata to the Series 2021-1
Class A-2-II Noteholders entitled thereto. 
 Principal
of and interest on this Note which is payable on a Quarterly Payment Date or on any date on which payments are permitted to be made as provided for in the Indenture shall be paid to the Person in whose name this Note (or one or more predecessor
Notes) is registered at the close of business on the applicable Record Date or Prepayment Record Date, as the case may be. 
 Interest and
contingent interest, if any, will each accrue on the Series 2021-1 Class A-2-II Notes at the rates set forth in the
Indenture. The interest and contingent interest, if any, will be computed on the basis set forth in the Indenture. The amount of interest payable on the Series 2021-1 Class A-2-II Notes on each Quarterly Payment Date will be calculated as set forth in the Indenture. 

Payments of principal and interest on this Note are subordinated to the payment of certain other amounts in accordance with the Priority of
Payments. 
 If an Event of Default shall occur and be continuing, this Note may become or be declared due and payable in the manner and
with the effect provided in the Indenture. 
 Amounts payable in respect of this Note shall be made by wire transfer of immediately
available funds to the account designated by DTC or its nominee. 
 As provided in the Indenture and subject to certain limitations set
forth therein, the transfer of this Note may be registered on the Note Register upon surrender of this Note for registration of transfer at the office or agency designated by the Co-Issuers pursuant to the
Indenture, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Trustee duly executed by, 

  
 Exh A-2-5-8 

 
the Series 2021-1 Class A-2-II Noteholder hereof or his attorney duly
authorized in writing, with such signature guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program
(“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended, and
accompanied by such other documents as the Trustee and the Registrar may require and as may be required by the Series 2021-1 Supplement, and thereupon one or more new Series
2021-1 Class A-2-II Notes of authorized denominations in the same aggregate principal amount will be issued to the
designated transferee or transferees. No service charge will be charged for any registration of transfer or exchange of this Note, but the transferor may be required to pay a sum sufficient to cover any tax or other governmental charge that may be
imposed in connection with any such registration of transfer or exchange. 
 Each Series 2021-1 Class A-2-II Noteholder, by acceptance of a Series 2021-1
Class A-2-II Note, covenants and agrees that by accepting the benefits of the Indenture that prior to the date that is one year and one day after the payment in
full of the latest maturing note issued under the Indenture, such Series 2021-1 Class A-2-II Noteholder will not institute
against, or join with any other Person in instituting against, any Securitization Entity any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law;
provided, however, that nothing herein shall constitute a waiver of any right to indemnification, reimbursement or other payment from the Securitization Entities pursuant to the Indenture or any other Related Document. 

It is the intent of the Co-Issuers and each Series 2021-1 Class A-2-II Noteholder that, for federal, state and local income and franchise tax purposes only, the Series 2021-1 Class A-2-II Notes will evidence indebtedness of the Co-Issuers secured by the Collateral. Each Series 2021-1 Class A-2-II Noteholder, by the acceptance of this Note, agrees to treat this Note (or beneficial interests herein) for
purposes of federal, state and local income or franchise taxes and any other tax imposed on or measured by income, as indebtedness of the Co-Issuers or, if any Co-Issuer
is treated as a division of another entity, such other entity. 
 The Indenture permits certain amendments to be made thereto without the
consent of the Control Party, the Controlling Class Representative or any Series 2021-1 Class A-2-II Noteholders,
provided that certain conditions precedent are satisfied. The Indenture also permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the
Co-Issuers and the rights of the Series 2021-1 Class A-2-II Noteholders under the
Indenture at any time by the Co-Issuers with the consent of the Control Party (acting at the direction of the Controlling Class Representative) and without the consent of any Series 2021-1 Class A-2-II Noteholders. The Indenture also contains provisions permitting the Control Party (acting at the direction of
the Controlling Class Representative) to waive compliance by the Co-Issuers with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences without the
consent of any Series 2021-1 Class A-2-II Noteholders. Any such consent or waiver of this Note (or any one or more
predecessor Notes) shall be conclusive and binding upon such Series 2021-1 Class A-2-II Noteholder and upon all future
Series 2021-1 Class A-2-II Noteholders of this Note and of any Note issued upon the registration of transfer hereof or in
exchange hereof or in lieu hereof whether or not notation of such consent or waiver is made upon this Note. 
 Each purchaser or transferee
of this Note (or any interest herein) shall be deemed to represent and warrant that either (i) it is not acquiring or holding this Note (or any interest herein) for or on behalf of, or with the assets of, any plan, account or other arrangement
that is subject to Title I of ERISA, Section 4975 of the Code, entities whose underlying assets are considered to include “plan assets” of such plans, accounts and arrangements under DOL regulations, as modified by Section 3(42)
of 

  
 Exh A-2-5-9 

 
ERISA (collectively, “ERISA Plans”) or with the assets or any plan, account or other arrangement that is subject to the provisions under any Similar Law, or (ii) its
purchase and holding of this Note (or any interest herein) does not constitute and will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a
violation of any applicable Similar Law. 
 The term “Co-Issuer” as used in this
Note includes any successor to the Co-Issuers and any Additional Co-Issuers under the Indenture. 

The Series 2021-1
Class A-2-II Notes are issuable only in registered form in denominations as provided in the Indenture, subject to certain limitations set forth therein. 

This Note and the Indenture shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Co-Issuers, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and in the coin or currency herein prescribed. 

  
 Exh A-2-5-10 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee:
                                         
                                         
                                 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto
                                         
                                         
               
  

 
 (name and
address of assignee) 
 the within Note and all rights thereunder, and hereby irrevocably constitutes and appoints
                    , attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the
premises. 
 Dated:                      

 

			
	By:	 	                                      
                                         
                 1 
	Signature Guaranteed:
	
	  

  

	 	 

 

	1 	 NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on
the face of the within Note, without alteration, enlargement or any change whatsoever. 

  
 Exh A-2-5-11 

 SCHEDULE OF EXCHANGES IN REGULATION S GLOBAL SERIES
2021-1 
 CLASS A-2-II
NOTE 
 The initial principal balance of this Regulation S Global Series 2021-1 Class A-2-II Note is $[                    ]. The following exchanges of an interest in this Regulation
S Global Series 2021-1 Class A-2-II Note for an interest in a corresponding Restricted Global Series 2021-1 Class A-2-II Note or an Unrestricted Global Series 2021-1 Class A-2-II Note have been made: 
  

													
	
                      Date 
                     
	 	            Amount of Increase (or        
    
Decrease) in the
Principal Amount of
this Regulation S
Global Note	 	 	            Remaining Principal          
  
Amount of this
Regulation S Global
Note following the
Increase or Decrease	 	 	            Signature of Authorized         
   
Officer of Trustee or
Registrar	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

  
 Exh A-2-5-12 

 EXHIBIT A-2-6

 THE ISSUANCE AND SALE OF THIS UNRESTRICTED GLOBAL SERIES 2021-1 CLASS A-2-II NOTE (THIS “NOTE”) HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR OTHER RELEVANT JURISDICTION, AND NONE OF DOMINO’S PIZZA MASTER ISSUER LLC, DOMINO’S PIZZA DISTRIBUTION LLC, DOMINO’S IP HOLDER LLC AND DOMINO’S SPV
CANADIAN HOLDING COMPANY INC. (THE “CO-ISSUERS”) HAS BEEN REGISTERED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”). THIS NOTE OR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO DOMINO’S PIZZA MASTER ISSUER LLC OR AN AFFILIATE THEREOF, (B) IN THE UNITED STATES, TO EITHER AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE THAT IS
NOT A COMPETITOR AND IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR
SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION OR (C) OUTSIDE THE UNITED STATES, TO AN INITIAL PURCHASER OR A SUBSEQUENT TRANSFEREE WHO IS NEITHER A COMPETITOR NOR A “U.S. PERSON” AS DEFINED IN REGULATION S UNDER THE
SECURITIES ACT (“REGULATION S”) ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH SUCH INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE EXERCISES SOLE INVESTMENT DISCRETION, AND NONE OF WHICH ARE A U.S. PERSON, IN OFFSHORE
TRANSACTIONS IN RELIANCE ON REGULATION S, AND, IN EACH CASE, IN COMPLIANCE WITH THE CERTIFICATIONS AND OTHER REQUIREMENTS SPECIFIED IN THE INDENTURE REFERRED TO HEREIN AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ANY
OTHER RELEVANT JURISDICTION. 
 BY ITS ACQUISITION OR ACCEPTANCE HEREOF, THE HOLDER (IF NOT THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER
ISSUER) REPRESENTS THAT (A) IT IS NOT A COMPETITOR AND IS EITHER (X) A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT
DISCRETION EACH OF WHICH IS A QUALIFIED INSTITUTIONAL BUYER OR (Y) NOT A “U.S. PERSON” AS DEFINED IN REGULATION S, ACTING FOR ITS OWN ACCOUNT OR ONE OR MORE ACCOUNTS WITH RESPECT TO WHICH IT EXERCISES SOLE INVESTMENT DISCRETION EACH
OF WHICH IS NOT A “U.S. PERSON,” IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S, (B) IT AND EACH ACCOUNT FOR WHICH IT IS PURCHASING WILL HOLD AND TRANSFER AT LEAST THE MINIMUM DENOMINATION OF NOTES, (C) IT UNDERSTANDS
THAT THE CO-ISSUERS MAY RECEIVE A LIST OF PARTICIPANTS HOLDING POSITIONS IN THEIR NOTES FROM ONE OR MORE BOOK-ENTRY DEPOSITORIES AND (D) IT WILL PROVIDE NOTICE OF THE TRANSFER RESTRICTIONS TO ANY
SUBSEQUENT TRANSFEREES. 
 EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE (IF NOT THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER
ISSUER) TAKING DELIVERY OF THIS NOTE OR AN INTEREST IN THIS NOTE WILL BE DEEMED TO HAVE MADE THE APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. EACH INITIAL PURCHASER AND EACH SUBSEQUENT TRANSFEREE TAKING DELIVERY OF THIS
NOTE OR AN INTEREST IN THIS NOTE IN THE FORM OF AN INTEREST IN A REGULATION S GLOBAL NOTE OR AN UNRESTRICTED GLOBAL NOTE WILL BE REQUIRED TO DELIVER A TRANSFER CERTIFICATE IN THE FORM REQUIRED BY THE INDENTURE AND WILL BE REQUIRED TO MAKE THE
APPLICABLE REPRESENTATIONS AND AGREEMENTS REFERRED TO IN THE INDENTURE. 

  
 Exh A-2-6-1 

 ANY TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING SHALL BE OF NO FORCE AND EFFECT AND
WILL BE VOID AB INITIO AND SHALL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE INITIAL PURCHASER OR SUBSEQUENT TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE CONTRARY TO THE CO-ISSUERS, THE
TRUSTEE OR ANY INTERMEDIARY. 
 IF THIS NOTE WAS ACQUIRED IN THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (I) A COMPETITOR OR
(II) NOT TO HAVE BEEN A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF ACQUISITION OF THIS NOTE, THE CO-ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER THAT IS (I) NOT A
COMPETITOR AND (II) A QUALIFIED INSTITUTIONAL BUYER. THE CO-ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A TRANSFEREE TAKING DELIVERY IN THE FORM OF AN INTEREST IN A RULE 144A GLOBAL NOTE
THAT IS DETERMINED TO HAVE BEEN A COMPETITOR OR NOT TO HAVE BEEN A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF THE TRANSFER. 
 IF THIS
NOTE WAS ACQUIRED OUTSIDE THE UNITED STATES, AND THE HOLDER IS DETERMINED TO BE (I) A COMPETITOR OR (II) A “U.S. PERSON” THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AT THE TIME OF ACQUISITION OF THIS NOTE, THE CO-ISSUERS HAVE THE RIGHT TO REQUIRE SUCH HOLDER TO SELL THIS NOTE TO A PURCHASER THAT IS (I) NOT A COMPETITOR AND (II) EITHER IS A QUALIFIED INSTITUTIONAL BUYER OR NOT A “U.S. PERSON” IN AN
OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S. THE CO-ISSUERS ALSO HAVE THE RIGHT TO REFUSE TO HONOR A TRANSFER TO A TRANSFEREE TAKING DELIVERY IN THE FORM OF AN INTEREST IN A REGULATION S GLOBAL NOTE
THAT IS DETERMINED TO HAVE BEEN A COMPETITOR OR A “U.S. PERSON.” 
 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, 55 WATER STREET, NEW YORK, NEW YORK 10004, OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR
A SECURITY REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN DTC OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. UNLESS THIS NOTE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE CO-ISSUERS OR THE REGISTRAR, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC, AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
BECAUSE THE REGISTERED OWNER, CEDE & CO., HAS AN INTEREST HEREIN. 

  
 Exh A-2-6-2 

 THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING
PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT BY INQUIRY OF THE TRUSTEE. 

FORM OF UNRESTRICTED GLOBAL SERIES 2021-1 CLASS A-2-II NOTE 
  

			
	No. U-[    ]	  	up to $[        ]

 SEE REVERSE FOR CERTAIN CONDITIONS 

CUSIP Number: U2583E AP2 
 ISIN
Number: USU2583EAP26 
 Common Code: 233413577 

DOMINO’S PIZZA MASTER ISSUER LLC, 

DOMINO’S SPV CANADIAN HOLDING COMPANY INC., 

DOMINO’S PIZZA DISTRIBUTION LLC and 

DOMINO’S IP HOLDER LLC 

SERIES 2021-1 3.151% FIXED RATE SENIOR SECURED NOTES, CLASS A-2-II 
 DOMINO’S PIZZA MASTER ISSUER LLC, a limited liability company formed under the laws
of the State of Delaware, DOMINO’S SPV CANADIAN HOLDING COMPANY INC., a corporation incorporated under the laws of the State of Delaware, DOMINO’S PIZZA DISTRIBUTION LLC, a limited liability company formed under the laws of the State of
Delaware, and DOMINO’S IP HOLDER LLC, a limited liability company formed under the laws of the State of Delaware (herein referred to, collectively, as the “Co-Issuers”), for value
received, hereby promise to pay to CEDE & CO. or registered assigns, up to the principal sum of [                    ] DOLLARS
($[        ]) as provided below and in the Indenture referred to herein. Payments of principal shall be payable in the amounts and at the times set forth in the Indenture described herein; provided,
however, that the entire unpaid principal amount of this Note shall be due on April 25, 2051 (the “Series 2021-1 Legal Final Maturity Date”). The
Co-Issuers will pay interest on this Unrestricted Global Series 2021-1 Class A-2-II
Note (this “Note”) at the applicable Series 2021-1 Note Rate for each Interest Period in accordance with the terms of the Indenture. Such interest will be payable in arrears on each Quarterly
Payment Date, which will be on the 25th day (or, if such 25th day is not a Business Day, the next succeeding Business Day) of each January, April, July and October, commencing July 26, 2021 (each, a “Quarterly Payment Date”).
Such interest will accrue for each Quarterly Payment Date with respect to (i) initially, the period from and including April 16, 2021 to but excluding the first Quarterly Payment Date and (ii) thereafter, the period from and including
a Quarterly Payment Date to but excluding the following Quarterly Payment Date (each, an “Interest Period”). Interest with respect to the Notes (and interest on any defaulted payments of interest or principal) will be computed on
the basis of a 360-day year consisting of twelve 30-day months. In addition, under the circumstances set forth in the Indenture, the
Co-Issuers shall also pay contingent interest on this Note at the Series 2021-1 Class A-2
Post-ARD 
 Contingent Interest Rate, and such contingent interest shall be computed and shall be
payable in the amounts and at the times set forth in the Indenture. 
 The principal of and interest on this Note are payable in such coin
or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Co-Issuers with respect to this Note shall be applied as
provided in the Indenture. 

  
 Exh A-2-6-3 

 This Note is subject to mandatory and optional prepayment as set forth in the Indenture.

 Interests in this Note are exchangeable or transferable in whole or in part for interests in a Restricted Global Note or a Regulation S
Global Note; provided that such transfer or exchange complies with the applicable provisions of the Indenture relating to the transfer of the Notes. Interests in this Note in certain circumstances may also be exchangeable or transferable in
whole but not in part for duly executed and issued registered Definitive Notes; provided that such transfer or exchange complies with Section 4.02(c) of the Series 2021-1 Supplement. 

Reference is made to the further provisions of this Note set forth on the reverse hereof, which shall have the same effect as though fully set
forth on the face of this Note. Although a summary of certain provisions of the Indenture is set forth below and on the reverse hereof and made a part hereof, this Note does not purport to summarize the Indenture and reference is made to the
Indenture for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the Co-Issuers and the Trustee. A copy of
the Indenture may be requested from the Trustee by writing to the Trustee at: Citibank, N.A., 388 Greenwich Street, New York, NY 10013, Attention: Agency & Trust — Domino’s Pizza Master Issuer LLC. To the extent not defined
herein, the capitalized terms used herein have the meanings ascribed to them in the Indenture. 
 Subject to the next following paragraph,
the Co-Issuers hereby certify and declare that all acts, conditions and things required to be done and performed and to have happened prior to the creation of this Note and to constitute it as the valid
obligation of the Co-Issuers enforceable in accordance with its terms, have been done and performed and have happened in due compliance with all applicable laws and in accordance with the terms of the
Indenture. 
 Unless the certificate of authentication hereon has been executed by the Trustee whose name appears below by manual signature,
this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose. 

[Remainder of page intentionally left blank] 

  
 Exh A-2-6-4 

 IN WITNESS WHEREOF, each of the Co-Issuers has
caused this instrument to be signed, manually or in facsimile, by its Authorized Officer. 
 Date:
                     
  

					
	DOMINO’S PIZZA MASTER ISSUER LLC, as Co-Issuer
		
	By:	 	
                     
                    

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S SPV CANADIAN HOLDING COMPANY INC.,

as Co-Issuer

		
	By:	 	
                     
                                        

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S PIZZA DISTRIBUTION LLC,

as Co-Issuer

		
	By:	 	
                     
                    

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer
	
	 DOMINO’S IP HOLDER LLC,
 as Co-Issuer

		
	By:	 	
                     
                    

		 	Name:	 	Stuart A. Levy
		 	Title:	 	Executive Vice President and Chief Financial Officer

  
 Exh A-2-6-5 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Series 2021-1
Class A-2-II Notes issued under the within-mentioned Indenture. 
  

			
	CITIBANK, N.A.,
	as Trustee
		
	By:	 	
                     
                                        

		 	Authorized Signatory

  
 Exh A-2-6-6 

 [REVERSE OF NOTE] 

This Note is one of a duly authorized issue of Series 2021-1 Class A-2-II Notes of the Co-Issuers designated as their $1,000,000,000 Series 2021-1 3.151% Fixed Rate Senior Secured
Notes, Class A-2-II (herein called the “Series 2021-1 Class A-2-II Notes”), all issued under (i) the Amended and Restated Base Indenture, dated as of March 15, 2012 (such Amended and Restated Base Indenture, as amended, supplemented or
modified, is herein called the “Base Indenture”), among the Co-Issuers and Citibank, N.A., as trustee (the “Trustee”, which term includes any successor Trustee under the Base
Indenture) and as securities intermediary, and (ii) a Series 2021-1 Supplement to the Base Indenture, dated as of April 16, 2021 (the “Series 2021-1
Supplement”), among the Co-Issuers, the Trustee and Citibank, N.A., as Series 2021-1 Securities Intermediary. The Base Indenture and the Series 2021-1 Supplement are referred to herein as the “Indenture”. The Series 2021-1
Class A-2-II Notes are subject to all terms of the Indenture. All terms used in this Note that are defined in the Indenture, as supplemented, modified or amended,
shall have the meanings assigned to them in or pursuant to the Indenture, as so supplemented, modified or amended. 
 The Series 2021-1 Class A-2-II Notes are and will be secured by the Collateral pledged as security therefor as provided in the Indenture.

 The Notes will be issued in minimum denominations of $50,000 and integral multiples of $1,000 in excess thereof. 

As provided for in the Indenture, the Series 2021-1 Class A-2-II Notes may be prepaid, in whole or in part, at the option of the Co-Issuers. In addition, the Series 2021-1 Class A-2-II Notes are subject to mandatory prepayment as provided for in the Indenture. In certain circumstances, the Co-Issuers
will be obligated to pay the Series 2021-1 Class A-2 Make-Whole Prepayment Premium in connection with a mandatory or optional prepayment of the Series 2021-1 Class A-2-II Notes as described in the Indenture. As described above, the entire unpaid principal amount of this Note shall
be due and payable on the Series 2021-1 Legal Final Maturity Date. All payments of principal of the Series 2021-1 Class A-2-II Notes will be made pro rata to the Series 2021-1
Class A-2-II Noteholders entitled thereto. 
 Principal
of and interest on this Note which is payable on a Quarterly Payment Date or on any date on which payments are permitted to be made as provided for in the Indenture shall be paid to the Person in whose name this Note (or one or more predecessor
Notes) is registered at the close of business on the applicable Record Date or Prepayment Record Date, as the case may be. 
 Interest and
contingent interest, if any, will each accrue on the Series 2021-1 Class A-2-II Notes at the rates set forth in the
Indenture. The interest and contingent interest, if any, will be computed on the basis set forth in the Indenture. The amount of interest payable on the Series 2021-1 Class A-2-II Notes on each Quarterly Payment Date will be calculated as set forth in the Indenture. 

Payments of principal and interest on this Note are subordinated to the payment of certain other amounts in accordance with the Priority of
Payments. 
 If an Event of Default shall occur and be continuing, this Note may become or be declared due and payable in the manner and
with the effect provided in the Indenture. 
 Amounts payable in respect of this Note shall be made by wire transfer of immediately
available funds to the account designated by DTC or its nominee. 
 As provided in the Indenture and subject to certain limitations set
forth therein, the transfer of this Note may be registered on the Note Register upon surrender of this Note for registration of transfer at the office or agency designated by the Co-Issuers pursuant to the
Indenture, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Trustee duly executed by, 

  
 Exh A-2-6-7 

 
the Series 2021-1 Class A-2-II Noteholder hereof or his attorney duly
authorized in writing, with such signature guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program
(“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended, and
accompanied by such other documents as the Trustee and the Registrar may require and as may be required by the Series 2021-1 Supplement, and thereupon one or more new Series
2021-1 Class A-2-II Notes of authorized denominations in the same aggregate principal amount will be issued to the
designated transferee or transferees. No service charge will be charged for any registration of transfer or exchange of this Note, but the transferor may be required to pay a sum sufficient to cover any tax or other governmental charge that may be
imposed in connection with any such registration of transfer or exchange. 
 Each Series 2021-1 Class A-2-II Noteholder, by acceptance of a Series 2021-1
Class A-2-II Note, covenants and agrees that by accepting the benefits of the Indenture that prior to the date that is one year and one day after the payment in
full of the latest maturing note issued under the Indenture, such Series 2021-1 Class A-2-II Noteholder will not institute
against, or join with any other Person in instituting against, any Securitization Entity any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law;
provided, however, that nothing herein shall constitute a waiver of any right to indemnification, reimbursement or other payment from the Securitization Entities pursuant to the Indenture or any other Related Document. 

It is the intent of the Co-Issuers and each Series 2021-1 Class A-2-II Noteholder that, for federal, state and local income and franchise tax purposes only, the Series 2021-1 Class A-2-II Notes will evidence indebtedness of the Co-Issuers secured by the Collateral. Each Series 2021-1 Class A-2-II Noteholder, by the acceptance of this Note, agrees to treat this Note (or beneficial interests herein) for
purposes of federal, state and local income or franchise taxes and any other tax imposed on or measured by income, as indebtedness of the Co-Issuers or, if any Co-Issuer
is treated as a division of another entity, such other entity. 
 The Indenture permits certain amendments to be made thereto without the
consent of the Control Party, the Controlling Class Representative or any Series 2021-1 Class A-2-II Noteholders,
provided that certain conditions precedent are satisfied. The Indenture also permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the
Co-Issuers and the rights of the Series 2021-1 Class A-2-II Noteholders under the
Indenture at any time by the Co-Issuers with the consent of the Control Party (acting at the direction of the Controlling Class Representative) and without the consent of any Series 2021-1 Class A-2-II Noteholders. The Indenture also contains provisions permitting the Control Party (acting at the direction of
the Controlling Class Representative) to waive compliance by the Co-Issuers with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences without the
consent of any Series 2021-1 Class A-2-II Noteholders. Any such consent or waiver of this Note (or any one or more
predecessor Notes) shall be conclusive and binding upon such Series 2021-1 Class A-2-II Noteholder and upon all future
Series 2021-1 Class A-2-II Noteholders of this Note and of any Note issued upon the registration of transfer hereof or in
exchange hereof or in lieu hereof whether or not notation of such consent or waiver is made upon this Note. 
 Each purchaser or transferee
of this Note (or any interest herein) shall be deemed to represent and warrant that either (i) it is not acquiring or holding this Note (or any interest herein) for or on behalf of, or with the assets of, any plan, account or other arrangement
that is subject to Title I of ERISA, Section 4975 of the Code, entities whose underlying assets are considered to include “plan assets” of such plans, accounts and arrangements under DOL regulations, as modified by Section 3(42)
of 

  
 Exh A-2-6-8 

 
ERISA (collectively, “ERISA Plans”) or with the assets or any plan, account or other arrangement that is subject to the provisions under any Similar Law, or (ii) its
purchase and holding of this Note (or any interest herein) does not constitute and will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a
violation of any applicable Similar Law. 
 The term “Co-Issuer” as used in this
Note includes any successor to the Co-Issuers and any Additional Co-Issuers under the Indenture. 

The Series 2021-1
Class A-2-II Notes are issuable only in registered form in denominations as provided in the Indenture, subject to certain limitations set forth therein. 

This Note and the Indenture shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Co-Issuers, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and in the coin or currency herein prescribed. 

  
 Exh A-2-6-9 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee:
                                         
                                         
                               

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto                                        
                                         
               
  

                          
                                         
                                         
                                         
                                         
                                        

(name and address of assignee) 
 the within Note
and all rights thereunder, and hereby irrevocably constitutes and appoints                     , attorney, to transfer said Note on the books
kept for registration thereof, with full power of substitution in the premises. 
 Dated:
                     
  

					
	By:	 	  
	 	1 
		 	Signature Guaranteed:	 	
			
		 	  
	 	

  
  

	1 	 NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on
the face of the within Note, without alteration, enlargement or any change whatsoever. 

  
 Exh A-2-6-10 

 SCHEDULE OF EXCHANGES IN UNRESTRICTED GLOBAL SERIES
2021-1 
 CLASS A-2-II
NOTE 
 The initial principal balance of this Unrestricted Global Series 2021-1 Class A-2-II Note is $[    ]. The following exchanges of an interest in this Unrestricted Global Series 2021-1
Class A-2-II Note for an interest in a corresponding Restricted Global Series 2021-1 Class A-2-II Note or a Regulation S Global Series 2021-1 Class A-2-II Note
have been made: 
  

													
	
                        
Date                    
	 	Amount of Increase (or
Decrease) in the
Principal Amount
of
            this Unrestricted Global            
Note	 	 	            Remaining Principal          
  
Amount of this
Unrestricted Global
Note following the
Increase or Decrease	 	 	            Signature of Authorized         
   
Officer of Trustee or
Registrar	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
		 				 				 			
	  
	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

  
 Exh A-2-6-11 

 EXHIBIT B-1 

FORM OF TRANSFER CERTIFICATE FOR TRANSFERS 

OF SERIES 2021-1 CLASS A-1 NOTES 

Citibank, N.A., 
 as Trustee 

480 Washington Boulevard, 30th Floor 

Jersey City, New Jersey 07310 
 Attention: Securities Window
– Domino’s Pizza Master Issuer LLC 
  

	Re:	 Domino’s Pizza Master Issuer LLC; Domino’s SPV Canadian Holding Company Inc.; 

Domino’s Pizza Distribution LLC; Domino’s IP Holder LLC Series 2021-1 Variable Funding Senior
Notes, Class A-1 Subclass: Series 2021-1 Class A-1 [Advance] [Swingline] [L/C] Notes (the “Notes”)

 Reference is hereby made to (i) the Amended and Restated Base Indenture, dated as of March 15, 2012 (the “Base
Indenture”), among Domino’s Pizza Master Issuer LLC, Domino’s Pizza Distribution LLC, Domino’s IP Holder LLC, and Domino’s SPV Canadian Holding Company Inc., as co-issuers (the
“Co-Issuers”), and Citibank, N.A., as trustee (the “Trustee”) and as securities intermediary, and (ii) the Series 2021-1
Supplement to the Base Indenture, dated as of April 16, 2021 (the “Series 2021-1 Supplement” and, together with the Base Indenture, the “Indenture”), among the Co-Issuers, the Trustee and Citibank, N.A., as Series 2021-1 Securities Intermediary. Capitalized terms used but not defined herein shall have the meanings assigned to them
pursuant to the Indenture or the Series 2021-1 Class A-1 Note Purchase Agreement identified in Annex A to the Series
2021-1 Supplement, as applicable. 
 This certificate relates to U.S.
$[        ] aggregate principal amount of Notes registered in the name of [                    ] [name
of transferor] (the “Transferor”) and held in the form of [a definitive Note][an Uncertificated Note], who wishes to effect the transfer of such Notes in exchange for an equivalent principal amount of Notes of the same Subclass in
the name of [                    ] [name of transferee] (the “Transferee”) to be held in the form of [a definitive Note][an
Uncertificated Note].10 
 In
connection with such request, and in respect of such Notes, the Transferee does hereby certify that either (A) it is the Master Issuer or an Affiliate of the Master Issuer or (B) such Notes are being transferred (i) in accordance with
the transfer restrictions set forth in the Indenture and the Series 2021-1 Class A-1 Note Purchase Agreement, (ii) pursuant to an exemption from registration
under the Securities Act of 1933, as amended (the “Securities Act”), and in accordance with any applicable securities laws of any state of the United States or any other jurisdiction and (iii) to a Person who is not a
Competitor. 
 In addition, the Transferee hereby represents, warrants and covenants for the benefit of the
Co-Issuers and the Trustee that either it is the Master Issuer or an Affiliate of the Master Issuer, or: 

1.    the Transferee has had an opportunity to discuss the Co-Issuers’ and
the Manager’s business, management and financial affairs, and the terms and conditions of the proposed purchase, with the Co-Issuers and the Manager and their respective representatives; 

2.    the Transferee is an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) of
Regulation D under the Securities Act and has sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of investing in, and is able and prepared to bear the economic risk of investing in,
the Series 2021-1 Class A-1 Notes; 
  

 

	10 	 In the case of a Transferee taking their interest in the applicable Series
2021-1 Class A-1 Note, following the transfer to such Transferee, the Trustee shall send to the Transferee a Confirmation of Registration pursuant to
Section 4.01(f) of the Series 2021-1 Supplement. 

  
 Exh B-1-1 

 3.    the Transferee is purchasing the Series 2021-1 Class A-1 Notes for its own account, or for the account of one or more “accredited investors” within the meaning of Rule 501(a)(1), (2), (3) or
(7) of Regulation D under the Securities Act that meet the criteria described in paragraph (2) above and for which it is acting with complete investment discretion, for investment purposes only and not with a view to distribution, subject,
nevertheless, to the understanding that the disposition of its property shall at all times be and remain within its control, and neither it nor its Affiliates has engaged in any general solicitation or general advertising within the meaning of the
Securities Act with respect to the Series 2021-1 Class A-1 Notes; 

4.    the Transferee understands that (i) the Series 2021-1 Class A-1 Notes have not been and will not be registered or qualified under the Securities Act or any applicable state securities laws or the securities laws of any other jurisdiction and are being offered only
in a transaction not involving any public offering within the meaning of the Securities Act and may not be resold or otherwise transferred unless so registered or qualified or unless an exemption from registration or qualification is available,
(ii) the Co-Issuers are not required to register the Series 2021-1 Class A-1 Notes, (iii) any transferee must not
be a Competitor and (iv) any transfer must comply with the provisions of Section 2.8 of the Base Indenture, Section 4.03 of the Series 2021-1 Supplement
and Section 9.03 or 9.17, as applicable, of the Series 2021-1 Class A-1 Note Purchase Agreement; 

5.    the Transferee will comply with the requirements of paragraph (4) above in connection with any transfer
by it of the Series 2021-1 Class A-1 Notes; 

6.    the Transferee understands that the Series 2021-1 Class A-1 Notes will bear the legend set out in the applicable form of Series 2021-1 Class A-1 Notes attached to the Series 2021-1 Supplement and be subject to the restrictions on transfer described in such legend; 

7.    the Transferee will obtain for the benefit of the Co-Issuers from any
purchaser of the Series 2021-1 Class A-1 Notes substantially the same representations and warranties contained in the foregoing paragraphs; 

8.    the Transferee is not a Competitor; 

9.    either (i) the Transferee is not acquiring or holding the Notes (or any interest therein) for or on behalf of,
or with the assets of, any plan, account or other arrangement that is subject to Title I of ERISA, Section 4975 of the Code, entities whose underlying assets are considered to include “plan assets” of such plans, accounts and
arrangements under DOL regulations, as modified by Section 3(42) of ERISA (collectively, “ERISA Plans”) or with the assets or any plan, account or other arrangement that is subject to the provisions under any Similar Law, or
(ii) its purchase and holding of the Notes (or any interest therein) does not constitute and will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of
the Code or a violation of any applicable Similar Law; 
 10.    if it is an ERISA Plan or is purchasing or holding the
Series 2021-1 Notes on behalf of or with “plan assets” of any ERISA Plan, it shall be deemed to represent, warrant and agree that (i) none of the
Co-Issuers, the Guarantors or the Initial Purchasers, nor any other person that provide marketing services, nor any of their affiliates, has provided, and none of them will provide, any investment
recommendation or investment advice on which it, or any fiduciary or other person investing the assets of the ERISA Plan (“Plan Fiduciary”), has relied as primary basis in connection with its decision to invest in the Series 2021-1 Notes, and they are not otherwise acting as a fiduciary, as defined in Section 3(21) of ERISA or Section 4975(e)(3) of the Code, to the ERISA Plan or the Plan Fiduciary in connection with the ERISA
Plan’s acquisition of the Series 2021-1 Notes; and (ii) the Plan Fiduciary is exercising its own independent judgment in evaluating the investment in the Series
2021-1 Notes; and 

  
 Exh B-1-2 

 11.    the Transferee is: 

☐ (check if applicable) a “United States person” within the meaning of Section 7701(a)(30) of the Internal Revenue Code
of 1986, as amended (the “Code”) and a properly completed and signed Internal Revenue Service (“IRS”) Form W-9 (or applicable successor form) is attached hereto; or 

☐ (check if applicable) not a “United States person” within the meaning of Section 7701(a)(30) of the Code and a properly
completed and signed IRS Form W-8 (or applicable successor form) is attached hereto. 
 The
Transferee understands that the Co-Issuers, the Trustee and their respective counsel will rely upon the accuracy and truth of the foregoing representations, and are irrevocably authorized to produce this
certificate or a copy thereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby, and the Transferee hereby consents to such reliance and authorization. 

 

			
	[Name of Transferee]
		
	By:	 	  

		 	Name:
		 	Title:

 Dated:             ,
         
  

			
	Taxpayer Identification Number:	  	Address for Notices:
	Wire Instructions for Payments:	  	
	        Bank:                             
                                         
                    	  	
	        Address:                             
                                         
               	  	
	        Bank ABA #:                          
                                         
          	  	Tel:                                     
                                         
                                      
	        Account
No.:                                        
                                      	  	Fax:                                     
                                         
                                     
	        FAO:                             
                                         
                     	  	Attn.:                                     
                                         
                                   
	        Attention:                            
                                         
               	  	

 Registered Name (if Nominee): 
  

	cc:	 Domino’s Pizza Master Issuer LLC 

Domino’s Pizza Distribution LLC 

Domino’s IP Holder LLC 

Domino’s SPV Canadian Holding Company Inc. 

24 Frank Lloyd Wright Drive 
 P.O.
Box 485 
 Ann Arbor, Michigan 48106 

  
 Exh B-1-3 

 EXHIBIT B-2 

FORM OF TRANSFEREE CERTIFICATE FOR 

SERIES 2021-1 CLASS
A-2-I NOTES OR SERIES 2021-1 CLASS A-2-II NOTES

 FOR TRANSFERS OF INTERESTS IN RESTRICTED GLOBAL NOTES TO INTERESTS IN 

REGULATION S GLOBAL NOTES 
 Citibank, N.A., 

as Trustee 
 480 Washington Boulevard, 30th Floor 
 Jersey City, New Jersey 07310 

Attention: Securities Window – Domino’s Pizza Master Issuer LLC 
  

	Re:	 Domino’s Pizza Master Issuer LLC; Domino’s SPV Canadian Holding Company Inc.; 

Domino’s Pizza Distribution LLC; Domino’s IP Holder LLC [$850,000,000 Series 2021-1 2.662%
Fixed Rate Senior Secured Notes, Class A-2-I][$1,000,000,000 Series 2021-1 3.151% Fixed Rate Senior Secured Notes, Class A-2-II] (the “Notes”) 
 Reference is
hereby made to (i) the Amended and Restated Base Indenture, dated as of March 15, 2012 (the “Base Indenture”), among Domino’s Pizza Master Issuer LLC, Domino’s Pizza Distribution LLC, Domino’s IP Holder LLC,
and Domino’s SPV Canadian Holding Company Inc., as co-issuers (the “Co-Issuers”), and Citibank, N.A., as trustee (the “Trustee”)
and as securities intermediary, and (ii) the Series 2021-1 Supplement to the Base Indenture, dated as of April 16, 2021 (the “Series 2021-1
Supplement” and, together with the Base Indenture, the “Indenture”), among the Co-Issuers, the Trustee and Citibank, N.A., as Series 2021-1
Securities Intermediary. Capitalized terms used but not defined herein shall have the meanings assigned to them pursuant to the Indenture. 

This certificate relates to U.S. $[        ] aggregate principal amount of Notes which are held in the
form of an interest in a Restricted Global Note with DTC (CUSIP (CINS) No. [                    ]) in the name of
[                    ] [name of transferor] (the “Transferor”), who wishes to effect the transfer of such Notes in exchange for an
equivalent beneficial interest in a Regulation S Global Note in the name of [                    ] [name of transferee] (the
“Transferee”). 
 In connection with such request, and in respect of such Notes, the Transferee does hereby certify that
either (A) the Transferee is the Master Issuer or an Affiliate of the Master Issuer or (B) such Notes are being transferred (i) in accordance with the transfer restrictions set forth in the Indenture and the Offering Memorandum dated
April 16, 2021, relating to the Notes, (ii) pursuant to an exemption from registration under the Securities Act of 1933, as amended (the “Securities Act”), and in accordance with any applicable securities laws of any state
of the United States or any other jurisdiction and (iii) to a Person who is not a Competitor. 
 In addition, the Transferee hereby
represents, warrants and covenants for the benefit of the Co-Issuers, the Registrar and the Trustee that either the Transferee is the Master Issuer or an Affiliate of the Master Issuer, or: 

1.    the Transferee is not a “U.S. person” as defined in Regulation S under the Securities Act (a “U.S.
Person”); 
 2.    at the time the buy order was originated, the Transferee was outside of the United States and
was not purchasing the interest in the Notes for a U.S. Person or for the account or benefit of a U.S. Person; 

  
 Exh B-2-1 

 3.    no directed selling efforts have been made in contravention of the
requirements of Rule 903(a) or 904(a) of Regulation S, as applicable; 
 4.    the transaction is not part of a plan or
scheme to evade the registration requirements of the Securities Act, and the Transferee is aware that the sale to it is being made in reliance on an exemption from the registration requirements of the Securities Act provided by Regulation S; 

5.    if the sale is made during a restricted period and the provisions of Rule 903(b)(2) or (3) or Rule 904(b)(1) of
Regulation S are applicable thereto, the Transferee confirms that such sale has been made in accordance with the applicable provisions of Rule 903(b)(2) or (3) or Rule 904(b)(1), as the case may be; 

6.    the Transferee is acquiring the Notes for its own account or the account of another person, who is not a U.S.
Person, with respect to which it exercises sole investment discretion; 
 7.    the Transferee is not purchasing the
Notes with a view to the resale, distribution or other disposition thereof in the United States or to a U.S. Person; 

8.    the Transferee has not been formed for the purpose of investing in the Notes, except where each beneficial owner is
not a U.S. Person; 
 9.    the Transferee will, and each account for which it is purchasing will, hold and transfer at
least the minimum denomination of Notes; 
 10.    the Transferee understands that the Manager, the Co-Issuers and the Servicer may receive a list of participants holding positions in the Notes from one or more book-entry depositories; 

11.    the Transferee understands that the Manager, the Co-Issuers and the
Servicer may receive a list of Note Owners that have requested access to the password-protected website of the Trustee or that have voluntarily registered as a Note Owner with the Trustee; 

12.    the Transferee will provide to each person to whom it transfers Notes notices of any restrictions on transfer of
such Notes; 
 13.    the Transferee understands that (a) the Notes are being offered in a transaction not
involving any public offering in the United States within the meaning of the Securities Act, (b) the Notes have not been registered under the Securities Act, (c) such Notes may be offered, resold, pledged or otherwise transferred only
(i) to the Master Issuer or an Affiliate of the Master Issuer, (ii) in the United States to a Person who the seller reasonably believes is a QIB in a transaction meeting the requirements of Rule 144A and who is not a Competitor,
(iii) outside the United States to a Person who is not a U.S. Person in a transaction meeting the requirements of Regulation S and who is not a Competitor or (iv) to a Person that is not a Competitor in a transaction exempt from the
registration requirements of the Securities Act and the applicable securities laws of any state of the United States and any other jurisdiction, in each such case in accordance with the Indenture and any applicable securities laws of any state of
the United States and (d) the Transferee will, and each subsequent holder of a Note is required to, notify any subsequent purchaser of a Note of the resale restrictions set forth in clause (c) above; 

14.    the Transferee understands that the Notes will bear the legend set out in the applicable form of Series 2021-1 Class A-2 Notes attached to the Series 2021-1 Supplement and be subject to the restrictions on transfer described in such
legend; 
 15.    either (i) it is not acquiring or holding the Notes (or any interest therein) for or on behalf
of, or with the assets of, any plan, account or other arrangement that is subject to Title I of ERISA, 

  
 Exh B-2-2 

 
Section 4975 of the Code, entities whose underlying assets are considered to include “plan assets” of such plans, accounts and arrangements under DOL regulations, as modified by
Section 3(42) of ERISA (collectively, “ERISA Plans”) or with the assets or any plan, account or other arrangement that is subject to the provisions under any Similar Law, or (ii) its purchase and holding of the Notes (or
any interest therein) does not constitute and will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any applicable Similar
Law; 
 16.    the Transferee understands that any subsequent transfer of the Notes or any interest therein is subject
to certain restrictions and conditions set forth in the Indenture and the Transferee agrees to be bound by, and not to resell, pledge or otherwise transfer the Notes or any interest therein except in compliance with, such restrictions and conditions
and the Securities Act; 
 17.    the Transferee is not a Competitor; 

18.    if it is an ERISA Plan or is purchasing or holding the Series 2021-1 Notes
on behalf of or with “plan assets” of any ERISA Plan, it shall be deemed to represent, warrant and agree that (i) none of the Co-Issuers, the Guarantors or the Initial Purchasers, nor any other
person that provide marketing services, nor any of their affiliates, has provided, and none of them will provide, any investment advice to it or to any fiduciary or other person investing the assets of the ERISA Plan (“Plan
Fiduciary”), in connection with its decision to invest in the Series 2021-1 Notes, and they are not otherwise acting as a fiduciary, as defined in Section 3(21) of ERISA or
Section 4975(e)(3) of the Code, to the ERISA Plan or the Plan Fiduciary in connection with the ERISA Plan’s acquisition of the Series 2021-1 Notes; and (ii) the Plan Fiduciary is exercising its
own independent judgment in evaluating the investment in the Series 2021-1 Notes; and 

19.    the Transferee is: 

                     (check if applicable)
a “United States person” within the meaning of Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended (the “Code”) and a properly completed and signed Internal Revenue Service (“IRS”) Form W-9 (or applicable successor form) is attached hereto; or 

                     (check if applicable)
not a “United States person” within the meaning of Section 7701(a)(30) of the Code and a properly completed and signed IRS Form W-8 (or applicable successor form) is attached hereto. 

The representations made pursuant to clause 5 above shall be deemed to be made on each day from the date the Transferee acquires any interest
in any Note through and including the date on which such Transferee disposes of its interest in the applicable Note. The Transferee agrees to provide prompt written notice to each of the Co-Issuers, the
Registrar and the Trustee of any change of the status of the Transferee that would cause it to breach the representations made in clause 5 above. The Transferee further agrees to indemnify and hold harmless the
Co-Issuers, the Trustee, the Registrar and the Initial Purchasers and their respective affiliates from any cost, damage or loss incurred by them as a result of the inaccuracy or breach of the foregoing
representations, warranties and agreements in this clause and clause 5 above. Any purported transfer of the Notes (or interest therein) that does not comply with the requirements of this clause and clause 5 above shall be null and void ab
initio. 
 The Transferee understands that the Co-Issuers, the Trustee, the Registrar and
their respective counsel will rely upon the accuracy and truth of the foregoing representations, and are irrevocably authorized to produce this certificate or a copy thereof to any interested party in any administrative or legal proceeding or
official inquiry with respect to the matters covered hereby, and the Transferee hereby consents to such reliance and authorization. 

  
 Exh B-2-3 

 
			
	[Name of Transferee]
		
	By:	 	
                    

		 	Name:
		 	Title:

 Dated:             ,
         
  

							
	Taxpayer Identification Number:	 	Address for Notices:
	Wire Instructions for Payments:	 	

							
	Bank:
                                        
                                         
                    	 		 	
	Address:
                                        
                                         
               	 		 	
	Bank ABA #:
                                        
                                         
        	 	Tel: 	 	
                    

	Account No.:
                                        
                                         
       	 	Fax: 	 	  

	FAO:
                                        
                                         
                    	 	Attn.:	 	  

	Attention:
                                        
                                         
            	 		 	

 Registered Name (if Nominee): 
  

	cc:	 Domino’s Pizza Master Issuer LLC 

Domino’s Pizza Distribution LLC 

Domino’s IP Holder LLC 

Domino’s SPV Canadian Holding Company Inc. 

24 Frank Lloyd Wright Drive 
 P.O.
Box 485 
 Ann Arbor, Michigan 48106 

  
 Exh B-2-4 

 EXHIBIT B-3 

FORM OF TRANSFEREE CERTIFICATE FOR 

SERIES 2021-1 CLASS
A-2-I NOTES OR SERIES 2021-1 CLASS A-2-II NOTES

 FOR TRANSFERS OF INTERESTS IN RESTRICTED GLOBAL NOTES TO INTERESTS IN 

UNRESTRICTED GLOBAL NOTES 
 Citibank, N.A., 

as Trustee 
 480 Washington Boulevard, 30th Floor 
 Jersey City, New Jersey 07310 

Attention: Securities Window – Domino’s Pizza Master Issuer LLC 
  

	Re:	 Domino’s Pizza Master Issuer LLC; Domino’s SPV Canadian Holding Company Inc.; 

Domino’s Pizza Distribution LLC; Domino’s IP Holder LLC [$850,000,000 Series 2021-1 2.662%
Fixed Rate Senior Secured Notes, Class A-2-I][$1,000,000,000 Series 2021-1 3.151% Fixed Rate Senior Secured Notes, Class A-2-II] (the “Notes”) 
 Reference is
hereby made to (i) the Amended and Restated Base Indenture, dated as of March 15, 2012 (the “Base Indenture”), among Domino’s Pizza Master Issuer LLC, Domino’s Pizza Distribution LLC, Domino’s IP Holder LLC,
and Domino’s SPV Canadian Holding Company Inc., as co-issuers (the “Co-Issuers”), and Citibank, N.A., as trustee (the “Trustee”)
and as securities intermediary, and (ii) the Series 2021-1 Supplement to the Base Indenture, dated as of April 16, 2021 (the “Series 2021-1
Supplement” and, together with the Base Indenture, the “Indenture”), among the Co-Issuers, the Trustee and Citibank, N.A., as Series 2021-1
Securities Intermediary. Capitalized terms used but not defined herein shall have the meanings assigned to them pursuant to the Indenture. 

This certificate relates to U.S. $[        ] aggregate principal amount of Notes which are held in the
form of an interest in a Restricted Global Note with DTC (CUSIP (CINS) No. [                    ]) in the name of
[                    ] [name of transferor] (the “Transferor”), who wishes to effect the transfer of such Notes in exchange for an
equivalent beneficial interest in an Unrestricted Global Note in the name of [                    ] [name of transferee] (the
“Transferee”). 
 In connection with such request, and in respect of such Notes, the Transferee does hereby certify that
either (A) the Transferee is the Master Issuer or an Affiliate of the Master Issuer or (B) such Notes are being transferred (i) in accordance with the transfer restrictions set forth in the Indenture and the Offering Memorandum dated
April 16, 2021, relating to the Notes, (ii) pursuant to an exemption from registration under the Securities Act of 1933, as amended (the “Securities Act”), and in accordance with any applicable securities laws of any state
of the United States or any other jurisdiction and (iii) to a Person who is not a Competitor. 
 In addition, the Transferee hereby
represents, warrants and covenants for the benefit of the Co-Issuers, the Registrar and the Trustee that either the Transferee is the Master Issuer or an Affiliate of the Master Issuer, or: 

1.    the Transferee is not a “U.S. person” as defined in Regulation S under the Securities Act (a “U.S.
Person”); 
 2.    at the time the buy order was originated, the Transferee was outside of the United States
and was not purchasing the interest in the Notes for a U.S. Person or for the account or benefit of a U.S. Person; 

  
 Exh B-3-1 

 3.    no directed selling efforts have been made in contravention of the
requirements of Rule 903(a) or 904(a) of Regulation S, as applicable; 
 4.    the transaction is not part of a plan or
scheme to evade the registration requirements of the Securities Act, and the Transferee is aware that the sale to it is being made in reliance on an exemption from the registration requirements of the Securities Act provided by Regulation S; 

5.    the Transferee is acquiring the Notes for its own account or the account of another person, who is not a U.S.
Person, with respect to which it exercises sole investment discretion; 
 6.    the Transferee is not purchasing the
Notes with a view to the resale, distribution or other disposition thereof in the United States or to a U.S. Person; 

7.    the Transferee has not been formed for the purpose of investing in the Notes, except where each beneficial owner is
not a U.S. Person; 
 8.    the Transferee will, and each account for which it is purchasing will, hold and transfer at
least the minimum denomination of Notes; 
 9.    the Transferee understands that the Manager, the Co-Issuers and the Servicer may receive a list of participants holding positions in the Notes from one or more book-entry depositories; 

10.    the Transferee understands that the Manager, the Co-Issuers and the
Servicer may receive a list of Note Owners that have requested access to the password-protected website of the Trustee or that have voluntarily registered as a Note Owner with the Trustee; 

11.    the Transferee will provide to each person to whom it transfers Notes notices of any restrictions on transfer of
such Notes; 
 12.    the Transferee understands that (a) the Notes are being offered in a transaction not
involving any public offering in the United States within the meaning of the Securities Act, (b) the Notes have not been registered under the Securities Act, (c) such Notes may be offered, resold, pledged or otherwise transferred only
(i) to the Master Issuer or an Affiliate of the Master Issuer, (ii) in the United States to a Person who the seller reasonably believes is a QIB in a transaction meeting the requirements of Rule 144A and who is not a Competitor,
(iii) outside the United States to a Person who is not a U.S. Person in a transaction meeting the requirements of Regulation S and who is not a Competitor or (iv) to a Person that is not a Competitor in a transaction exempt from the
registration requirements of the Securities Act and the applicable securities laws of any state of the United States and any other jurisdiction, in each such case in accordance with the Indenture and any applicable securities laws of any state of
the United States and (d) the Transferee shall, and each subsequent holder of a Note is required to, notify any subsequent purchaser of a Note of the resale restrictions set forth in clause (c) above. 

13.    the Transferee understands that the Notes will bear the legend set out in the applicable form of Series 2021-1 Class A-2 Notes attached to the Series 2021-1 Supplement and be subject to the restrictions on transfer described in such
legend; 
 14.    either (i) it is not acquiring or holding the Notes (or any interest therein) for or on behalf
of, or with the assets of, any plan, account or other arrangement that is subject to Title I of ERISA, Section 4975 of the Code, entities whose underlying assets are considered to include “plan assets” of such plans, accounts and
arrangements under DOL regulations, as modified by Section 3(42) of ERISA (collectively, “ERISA Plans”) or with the assets or any plan, account or other arrangement that is subject to the provisions under any Similar Law, or
(ii) its purchase and holding of the Notes (or any interest therein) does not constitute and will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of
the Code or a violation of any applicable Similar Law; 

  
 Exh B-3-2 

 15.    the Transferee understands that any subsequent transfer of the
Notes or any interest therein is subject to certain restrictions and conditions set forth in the Indenture and the Transferee agrees to be bound by, and not to resell, pledge or otherwise transfer the Notes or any interest therein except in
compliance with, such restrictions and conditions and the Securities Act; 
 16.    the Transferee is not a Competitor;

 17.    if it is an ERISA Plan or is purchasing or holding the Series 2021-1
Notes on behalf of or with “plan assets” of any ERISA Plan, it shall be deemed to represent, warrant and agree that (i) none of the Co-Issuers, the Guarantors or the Initial Purchasers, nor any
other person that provide marketing services, nor any of their affiliates, has provided, and none of them will provide, any investment advice to it or to any fiduciary or other person investing the assets of the ERISA Plan (“Plan
Fiduciary”), in connection with its decision to invest in the Series 2021-1 Notes, and they are not otherwise acting as a fiduciary, as defined in Section 3(21) of ERISA or
Section 4975(e)(3) of the Code, to the ERISA Plan or the Plan Fiduciary in connection with the ERISA Plan’s acquisition of the Series 2021-1 Notes; and (ii) the Plan Fiduciary is exercising its
own independent judgment in evaluating the investment in the Series 2021-1 Notes; and 

18.    the Transferee is: 

                     (check if applicable)
a “United States person” within the meaning of Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended (the “Code”) and a properly completed and signed Internal Revenue Service (“IRS”) Form W-9 (or applicable successor form) is attached hereto; or 

                     (check if applicable)
not a “United States person” within the meaning of Section 7701(a)(30) of the Code and a properly completed and signed IRS Form W-8 (or applicable successor form) is attached hereto. 

The Transferee understands that the Co-Issuers, the Trustee, the Registrar and their respective
counsel will rely upon the accuracy and truth of the foregoing representations, and are irrevocably authorized to produce this certificate or a copy thereof to any interested party in any administrative or legal proceeding or official inquiry with
respect to the matters covered hereby, and the Transferee hereby consents to such reliance and authorization. 
  

			
	[Name of Transferee]
		
	By:	 	
                    

		 	Name:
		 	Title:

 Dated:             ,
         
  

							
	Taxpayer Identification Number:	 	Address for Notices:
	Wire Instructions for Payments:	 	

							
	Bank:
                                        
                                         
                    	 		 	
	Address:
                                        
                                         
               	 		 	
	Bank ABA #:
                                        
                                         
        	 	Tel: 	 	
                    

	Account No.:
                                        
                                         
       	 	Fax: 	 	  

	FAO:
                                        
                                         
                    	 	Attn.:	 	  

	Attention:
                                        
                                         
             	 		 	

  
 Exh B-3-3 

 Registered Name (if Nominee): 
  

	cc:	 Domino’s Pizza Master Issuer LLC 

Domino’s Pizza Distribution LLC 

Domino’s IP Holder LLC 

Domino’s SPV Canadian Holding Company Inc. 

24 Frank Lloyd Wright Drive 
 P.O.
Box 485 
 Ann Arbor, Michigan 48106 

  
 Exh B-3-4 

 EXHIBIT B-4 

FORM OF TRANSFEREE CERTIFICATE FOR 

SERIES 2021-1 CLASS
A-2-I NOTES OR SERIES 2021-1 CLASS A-2-II NOTES

 FOR TRANSFERS OF INTEREST IN REGULATION S GLOBAL NOTES OR 

UNRESTRICTED GLOBAL NOTES TO PERSONS TAKING DELIVERY IN THE FORM OF 

AN INTEREST IN A RESTRICTED GLOBAL NOTE 

Citibank, N.A., 
 as Trustee 

480 Washington Boulevard, 30th Floor 

Jersey City, New Jersey 07310 
 Attention: Securities Window
– Domino’s Pizza Master Issuer LLC 
  

	Re:	 Domino’s Pizza Master Issuer LLC; Domino’s SPV Canadian Holding Company Inc.; 

Domino’s Pizza Distribution LLC; Domino’s IP Holder LLC [$850,000,000 Series 2021-1 2.662%
Fixed Rate Senior Secured Notes, Class A-2-I][$1,000,000,000 Series 2021-1 3.151% Fixed Rate Senior Secured Notes, Class A-2-II] (the “Notes”) 
 Reference is
hereby made to (i) the Amended and Restated Base Indenture, dated as of March 15, 2012 (the “Base Indenture”), among Domino’s Pizza Master Issuer LLC, Domino’s Pizza Distribution LLC, Domino’s IP Holder LLC,
and Domino’s SPV Canadian Holding Company Inc., as co-issuers (the “Co-Issuers”), and Citibank, N.A., as trustee (the “Trustee”)
and as securities intermediary, and (ii) the Series 2021-1 Supplement to the Base Indenture, dated as of April 16, 2021 (the “Series 2021-1
Supplement” and, together with the Base Indenture, the “Indenture”), among the Co-Issuers, the Trustee and Citibank, N.A., as Series 2021-1
Securities Intermediary. Capitalized terms used but not defined herein shall have the meanings assigned to them pursuant to the Indenture. 

This certificate relates to U.S. $[        ] aggregate principal amount of 

Notes which are held in the form of [an interest in a Regulation S Global Note with DTC] [an interest in an Unrestricted Global Note with DTC]
(CUSIP (CINS) No. [                    ]) in the name of
[                    ] [name of transferor] (the “Transferor”), who wishes to effect the transfer of such Notes in exchange for an
equivalent beneficial interest in a Restricted Global Note in the name of [                    ] [name of transferee] (the
“Transferee”). 
 In connection with such request, and in respect of such Notes, the Transferee does hereby certify that
either (A) the Transferee is the Master Issuer or an Affiliate of the Master Issuer or (B) such Notes are being transferred in accordance with (i) the applicable transfer restrictions set forth in the Indenture and in the Offering
Memorandum dated April 16, 2021, relating to the Notes and (ii) Rule 144A under the Securities Act of 1933, as amended, (the “Securities Act”) and any applicable securities laws of any state of the United States or any
other jurisdiction, and that the Transferee is purchasing the Notes for its own account or one or more accounts with respect to which the Transferee exercises sole investment discretion, and the Transferee and any such account represent, warrant and
agree that either it is the Master Issuer or an Affiliate of the Master Issuer or as follows: 
 1.    the Transferee is
(a) a Qualified Institutional Buyer, (b) aware that the sale to it is being made in reliance on Rule 144A of the Investment Company Act and (c) acquiring such Notes for its own account or for the account of another person who is a
Qualified Institutional Buyer with respect to which it exercises sole investment discretion; 
 2.    the Transferee is
not formed for the purpose of investing in the Notes, except where each beneficial owner is a Qualified Institutional Buyer; 

  
 Exh B-4-1 

 3.    the Transferee will, and each account for which it is purchasing
will, hold and transfer at least the minimum denomination of Notes; 
 4.    the Transferee understands that the
Manager, the Co-Issuers and the Servicer may receive a list of participants holding positions in the Notes from one or more book-entry depositories; 

5.    the Transferee understands that that the Manager, the Co-Issuers and the
Servicer may receive a list of Note Owners that have requested access to the password-protected website of the Trustee or that have voluntarily registered as a Note Owner with the Trustee; 

6.    the Transferee will provide to each person to whom it transfers Notes notices of any restrictions on transfer of
such Notes; 
 7.    the Transferee is not a Competitor; 

8.    if it is an ERISA Plan or is purchasing or holding the Series 2021-1 Notes
on behalf of or with “plan assets” of any ERISA Plan, it shall be deemed to represent, warrant and agree that (i) none of the Co-Issuers, the Guarantors or the Initial Purchasers, nor any other
person that provide marketing services, nor any of their affiliates, has provided, and none of them will provide, any investment advice to it or to any fiduciary or other person investing the assets of the ERISA Plan (“Plan
Fiduciary”), in connection with its decision to invest in the Series 2021-1 Notes, and they are not otherwise acting as a fiduciary, as defined in Section 3(21) of ERISA or
Section 4975(e)(3) of the Code, to the ERISA Plan or the Plan Fiduciary in connection with the ERISA Plan’s acquisition of the Series 2021-1 Notes; and (ii) the Plan Fiduciary is exercising its
own independent judgment in evaluating the investment in the Series 2021-1 Notes; and 

9.    the Transferee is: 

☐ (check if applicable) a “United States person” within the meaning of Section 7701(a)(30) of the Internal Revenue Code
of 1986, as amended (the “Code”) and a properly completed and signed Internal Revenue Service (“IRS”) Form W-9 (or applicable form) is attached hereto; or 

☐ (check if applicable) not a “United States person” within the meaning of Section 7701(a)(30) of the Code and a properly
signed IRS Form W-8 (or applicable successor form) is attached hereto. 
 The Transferee represents
and warrants that either (i) it is not acquiring or holding the Notes (or any interest therein) for or on behalf of, or with the assets of, any plan, account or other arrangement that is subject to Title I of ERISA, Section 4975 of the
Code or provisions under any Similar Law or (ii) its purchase and holding of the Notes (or any interest therein) does not constitute and will not result in a non-exempt prohibited transaction under
Section 406 of ERISA or Section 4975 of the Code or a violation of any applicable Similar Law. 
 The representations made
pursuant to the preceding paragraphs shall be deemed to be made on each day from the date the Transferee acquires any interest in any Note through and including the date on which such Transferee disposes of its interest in the applicable Note. The
Transferee agrees to provide prompt written notice to each of the Co-Issuers, the Registrar and the Trustee of any change of the status of the Transferee that would cause it to breach the representations made
in the preceding paragraph. The Transferee further agrees to indemnify and hold harmless the Co-Issuers, the Registrar, the Trustee and the Initial Purchasers and their respective affiliates from any cost,
damage or loss incurred by them as a result of the inaccuracy or breach of the foregoing representations, warranties and agreements. Any purported transfer of the applicable Notes (or interests therein) that does not comply with the requirements of
this paragraph and the preceding paragraph shall be null and void ab initio. 

  
 Exh B-4-2 

 The Transferee understands that the Co-Issuers, the
Trustee, the Registrar and their respective counsel will rely upon the accuracy and truth of the foregoing representations, and are irrevocably authorized to produce this certificate or a copy hereof to any interested party in any administrative or
legal proceedings or official inquiry with respect to any matter covered hereby, and the Transferee hereby consents and agrees to such reliance and authorization. 

 

			
	[Name of Transferee]
		
	By:	 	
                     
   

		 	Name:
		 	Title:

 Dated:             ,
         
  

							
	Taxpayer Identification Number:	 	                                    
                                         
       Address for Notices:
	Wire Instructions for Payments:	 	

							
	        Bank:                          
                                         
                           	 		 	
	        Address:                         
                                         
                       	 		 	
	        Bank ABA #:                       
                                         
                  	 	Tel: 	 	
                    

	        Account No.:                        
                                         
                	 	Fax: 	 	  

	        FAO:                          
                                         
                           	 	Attn.:	 	  

	        Attention:                         
                                         
                    	 		 	

 Registered Name (if Nominee): 
  

	cc:	 Domino’s Pizza Master Issuer LLC 

Domino’s Pizza Distribution LLC 

Domino’s IP Holder LLC 

Domino’s SPV Canadian Holding Company Inc. 

24 Frank Lloyd Wright Drive 
 P.O.
Box 485 
 Ann Arbor, Michigan 48106 

  
 Exh B-4-3 

 EXHIBIT C 

FORM OF QUARTERLY NOTEHOLDERS’ STATEMENT 

[Attached] 

  
 Exh C-1 

 EXHIBIT D 

FORM OF CONFIRMATION OF REGISTRATION 

Date:
                         
 [Name of
Holder of Series 2021-1 Class A-1 Notes] 
 [Address of Holder of Series
2021-1 Class A-1 Notes] 
  

	Re:	 Domino’s Pizza Master Issuer LLC; Domino’s SPV Canadian Holding Company Inc.; 

Domino’s Pizza Distribution LLC; Domino’s IP Holder LLC Series 2021-1 Variable Funding Senior
Notes, Class A-1 Subclass: Series 2021-1 Class A-1 [Advance] [Swingline] [L/C] Notes (the “Notes”)

 Reference is hereby made to (i) the Amended and Restated Base Indenture, dated as of March 15, 2012 (as amended, modified or
supplemented from time to time, the “Base Indenture”), among Domino’s Pizza Master Issuer LLC, Domino’s Pizza Distribution LLC, Domino’s IP Holder LLC, and Domino’s SPV Canadian Holding Company Inc., as co-issuers (the “Co-Issuers”), and Citibank, N.A., as trustee (the “Trustee”) and as securities intermediary, and (ii) the Series 2021-1 Supplement to the Base Indenture, dated as of April 16, 2021 (as amended, modified or supplemented from time to time, the “Series 2021-1
Supplement” and, together with the Base Indenture, the “Indenture”), among the Co-Issuers, the Trustee and Citibank, N.A., as Series 2021-1
Securities Intermediary. Capitalized terms used but not defined herein shall have the meanings assigned to them pursuant to the Indenture or the Series 2021-1
Class A-1 Note Purchase Agreement identified in Annex A to the Series 2021-1 Supplement, as applicable. 

We hereby confirm that the Registrar has registered the aggregate principal amount of the Subclass of the Series 2021-1 Class A-1 Notes specified below, in the name specified below, in the Note Register. This Confirmation of Registration is provided for informational purposes only;
ownership of each Uncertificated Series 2021-1 Class A-1 Note shall be determined conclusively by the Note Register. To the extent of any conflict between this
Confirmation of Registration and the Note Register, the Note Register shall control. This is not a security certificate or evidence of ownership. 

Uncertificated Series 2021-1 Class A-1 Notes: [Advance Note][Swingline
Note][L/C Note] 
 Maximum Principal Amount: U.S.$[        ] 

Registered Name: [                    ] 

 

			
	CITIBANK, N.A.,
	as Trustee and Registrar
		
	By:	 	  

		 	 Authorized Signatory

  
 Exh D-1

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